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<br /> TOCiEfHFR WITH�ll the Improvemenu�now a hene�tter aacted oa the property.�nd all wemenu.�ppunenance+�
<br /> and t�xttues nov�a l�aeaAer�prt a!the property. AU ieplsama�u�nd addit�ont sh�ll aw be covend by th�t Sacudty
<br /> ia�tcnmea� All of tbe fare�oia�1�re/a�nd to ia Mi�Sec+Wty Imnument ao the`Ptope�ty"
<br /> BORROWER COVPNAN'1'S tluit Borrower ls lawfully�eisod of ihc esate t�ercby conveyed wid hac the dQht to p�u►t
<br /> and con��ey�he Ptuprity and dut Ihe Pnopecty i�unencumberod,exapt far er�►mb�u�ca of roca+d. Borcowu warraatt�u�d
<br /> wUl defend�enernlly the title w the PropertY a�dnst�11 cWrru and dem�d�.wbject to any en�um6raaces of rocad.
<br /> THIS SECURCfY 1NSTRUMBNT combines uniform covenuus fa nulaW use and rwn-uniform covenv►u with
<br /> limited vuirtion�by jadRdkdon to can+�titute�uniform secudty inRtn�ment covuing roal property. ___
<br /> UNIFORM COVENANTS. Borrower and Lender coven�nt and Rgn�e nu followi:
<br /> 1. Pyyumat ot Priaclp�l*ad Inteiwti Prep�ymeut�od Late C6�na. Bomower shp11 P'omP��Y PaY when due the
<br /> principa1 of and interest on the debt evldenced by the Note�any prcpAyment uxi lite charges due wider the Note.
<br /> Z. I�l�od�tor 71uca and Inwnniea Subject to applicable Irw or w a wriur.n wwiver by Lender,Barower�hxll pay w
<br /> Lender on the dsy monthly paymenb Are due under the Note, undl the Notc is paid jn full,a sum('Funds")for:(a)yeuly
<br /> wees�nd assecsipeats whkh may attain priocity over thia Securiry Insmunent ns A lien on the PropeAy: (b)yeuly lexsehold
<br /> PaYments or ground rencs on the Pcopecty. If any: (c) Ycarly hazard or pcoperty Insui�nce p�+erniums:(d) Yearly flaod --
<br /> insurxnce premiums. lf xny; (e)yearly mon�Age insurance pnmiums, if any; and(�any wms �yabk by Bocrower to _
<br /> i.ender,in accordance wtth the provisions of parrgriph 8,tn lieu of thepayrt►ent of mortgage Insurmce pnemiums. These
<br /> items ue callut"Escrow Items." C.ender may.at any time,coUect and hold FLnds in an a�nount not lo excxd the maximum
<br /> - amount a Iender for a federally�elated moctgage loan may cequirc for Borrowe�'�escrow account w�der the foderal Real
<br /> --a Fstatt Settlemene Proceduns Act of 1974 as amended from dmc to tlmc,l2 U.S.C.¢2601 et srq.("RESPA").unless anothcr
<br /> '`t'" law thst applies to the Ei�ndc aets a laser amount. If so.Lender m�y,at aay time.collect and hold Plmds in an am�wnt not to
<br /> :`�:` exceed the lesser amount. Lender may estimau the amount of Punds due on the basis of cumnt data and reawnable
<br /> euimxtes of expenditures of futun Fscrow Items or otherwise in accordance with applicable law. �
<br /> Thc PWnds shall be held in an insdtudon whosc deposits u�e insured by a federal agcncy. insdvmentality.or entity
<br /> - ,�,,;y.;}.;� (including Lender,!f Lender is such an institution)or in any Fedcral Home Loan Banlc. Lendcr shall apply the Funds to pay
<br /> '� ''�'--� the Escrow Items. L.ender may not charse Borrower for holding and applying the Funds,annunlly analyztng the escrow
<br /> account, or verifying the Escrow Items,uniess Lender pays Borrower lnterest on the Funds and applicable law pem�its
<br /> � ., �.,�.,::;,�:�:•_ I.ender to make such a charge. However. L.ender may require Bonower to pay a one-time charge for an Independent real
<br /> ;:�:`.'�:�..'.,:'-�`��' estate tsu�reporting service used by Lender in connxUon with this loan,unless upplicable law providcs otherwise• Unless an
<br /> ° ��'� �"''��� •• agreement is made or appltcable law roquires interest to be paid,Lender shall not be required to pay Borrower any interest or —
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<br /> �, . eamings on the Funds. Bcxrowcr and L..ender may ugrec in writing,however.th�t inurest shall be paid on the FLnds. Lender
<br /> ;�,��:,.....�.. f., �. shnll give to Bormwer,without charge.an annus►I accounting of the Funds,showing cmdits and debits to the Ft�nds and the
<br /> '- � ` � " purpose for which each debit to the A►nds wa�made. The Fl►nds are pledged as additional security for all sums secured by
<br /> ��:. this Security Instrument. -
<br /> __ ����?.�a-�_._._� •• If the Funds held bv L.ender ezceed the amounts permitted to be held by applicAble law, I.ender shell account to
<br /> � �. •• Borrower for the excess Funds in accordance with thc rcquircments of applicable law. If the amount of the Funds held by
<br /> Lendcr at any time is not sufficient to pay the Escrow Items when duc,Lender may so notify Borrower in writing,and,in
<br /> such case Borrower shall pay to Lender the amount necess;►ry to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthiy payments,at Lender's sole discrction.
<br /> Upon payment in full of all sumc secured by this Security Inswment. Lender shall pcomptly refund to Borrower any
<br /> - • Funds hcld by L.ende:r. If,undcr paragrnph 21,I.ender shall acquirc or sell the Properry.Lender.prior to the xquisition or _
<br /> sule of the Properry, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums -- -
<br /> ' secured by this Security lnsuument. �—
<br /> ,� 3. Appikation of P�yments. Unless applicable law provide, otherwise, all payments received by C.ender under
<br /> ;�-• parugraphs 1 and 2 shall be applied:fint,to any prepayment churgct duc under thc Notc;second,toamounts payable under �
<br /> `� parugcaph 2;third,to interr�t Jue;fuwtiT,tu p�incipai due;and tast,to any late ch:+rges due under th�Note. ___
<br /> 4. Charges; Lkns. Borrowcr shall pay all tuxes, a�sessments, charge�, fines and imposiaons attributablc to the
<br /> , Property which may attnin priority over�his Security In�trumcnt,and Ica+cholJ paymenty or ground rents,if any. Borrower =_-
<br /> , , shall pay these obli�ations in thc manncr provided in puragr�ph 2,or if not paid in that munncr.Borrowcr shall pay them on
<br /> ' time dircctly tathe person owed payment. Eorrower shall pmmptly furnitih to Lender all ncnices of amountx to he paid under '``"
<br /> ; � this parasraph. If Borrower m:rkes these paymen�:direcdy,Borrower shall promptly fumish to Lender rcceipts evidencing �_
<br /> the paymcnts. =-=:_.
<br /> Borrower shall prompdy discharge any lien which hu�prioriry over thiti Security Intimiment unle+s Borruwer.(a)agrees k�."
<br /> in writing to the payment of the obligation secured by th�tien in a manner acceptahle to Lender;lh)conte�h in gcx�d f:uth the �'•�
<br /> lien by,or defcnds ugainst enforcemcnt ot thc lien in,legal pnxccJing.which in thc Lcndrr�opinion operate to pmvent thc
<br /> • enforcement of the lien;or(c)securcs from the holder of thc lien an agrcement,ati.furtury to Lender.ulwrdin•rting the lien
<br /> to this Security Instrument. If Lender detertninc,that any part of thc 1'�aperty i�wbjcct to a lirn W�hirh may attuin prioriry �,�
<br /> , � ovcr this Sccurity Instrumcnt,Lcndcr may gi�c Borrow�r a notic�idcntifying thc ticn. Rorrou•cr tih•rll xati�fy thc licn or take �„-
<br /> ; � one or morc of thc actior►m�ct f��nh alwvc within 1(►day�of thc giving of noticc.
<br /> � 5. Hozard or Property Insurance. Bnrtower�hall kecp the improverornt.now exi.ting on c��caftcr crected on the �"
<br /> ^;, Pmperty insumd ugainst loss by fire,h:uarJ�indudcd within thc tcrni"rxtrndcd roe��;��c"and ar.y nth�r huzards,i►mluding
<br /> ; , tloods or flooding, for which Lender requin� inturance. Thi.in.urance ,hall fx maim:iineJ in th� umuunts and for the
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