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<br /> 7YK3ETHER W[TH all the {mptovementa now or herafcer erxted on"the , � all eaeements,
<br /> �ppurtenanca,�nd flnures noM or heratter a part ot the property.All roplaamrnts and�dd t��dl aleo be coverod
<br /> by thi�5ecurity lntrument.All ot the foro�oin�is reierrad to jn thia Security Instrumant w the"Propecty.'
<br /> $ORROWIIR COVL�NANTS that Borrower i�law[ully seieod of the oetau heceby conveyad and tw the ci�ht to
<br /> - �r�nt and convey the Property and that the Property i�unencumberod,��apt for ensumbr�nca+af recvrd. Bocrower
<br /> - Marnnu and will detend tenertlly the title to the Property a�ainst all cl�imo and demar►dr,Rubject to my encumbnncas
<br /> ot recard.
<br /> 1 HIS SL�CURI'fY INSTRUMENT cami�tnes uniform c�verunts ior natiorud uee and non-uniform covenmta with
<br /> " � . Itmited v�ri�tioneby!'urisdiction toconstituua unitorm aecurity inetrummtrnverine ral property.
<br /> UN117QRbi COV�'NAN1'S.Borrower�nd I.endcr covenant and aEree as follow3: �
<br /> 1.Payment ot Principal aad laterest;Prep�ymeat and I.�te Charjes.Bonower ah�li promptly p�y when due
<br /> ��a"";_�:���w,_� the principal ot and intereet on the deht evidrnced by the Note and�uy prepayment and late chuxee due under the Nate.
<br /> �WK_r.�:,� r.�.t;�-;'�° 2. Funds tor T�xes and lasur�nca Subject to applicabte law or to a written waiver by L.ender, Rorrowec shall
<br /> �,�R�-_�w��-II°' y to l.ende�on the day monthly piymrnu are due under the Note,until the Note is paid in tull,a aum ("Funds")for.
<br /> _.,.���:.�,.,�,
<br /> ........,,�L,`�.,_�„^� �) yea�ly uxes snd ar�aments which m�y attain priority over this Security Instrumentas a lien on the Property;(b)
<br /> � �-�'::.,�- �:.� yearly leasehold p�yments or Qround rents on the Property,if my;(c)yearly haurd or property insurance premiums;
<br /> y-~�����,_ :__-� -=>> (d)yeacly flood insutmce premiums,it any;(e)yacly mort���e insunnce premiums,it any;and(f)any sums Fsayable
<br /> `��� > by &�rrowec:o l.ender�in accordance with the provisions of puaRraph 8,in lieu of the p�yment of mortg��r insurance ___
<br /> �_,: , ; :•� `" ; promiums.These items ate c�lled 'Eecrow Items."L.ender may.at any time,collect and hoid Funds in an amount not —_
<br /> :��� ,...`,', ,',"'':;; to eYCad the m�Yimum amount a londer tor a fede�ally relued mortga�e loan may reyuim for Borrower's e�crow .
<br /> •t`;;.;,;�•;`��:;�;;' �ccount under the federal Ral Fstate Settlement Procedures Act oi 1974�s amended fmm cime to time, 12 U.S.C. _
<br /> �r � ,� Section 2601 at seq.('RESPA"),unless another law th:t applies to the Funds seu a lesser amount.It so,Lender may,
<br /> r:.��w . _'' ��,__.� �t any time.collect and hofd Funds in an amount not to exceed the lesser amount.Lender may estimate the amount of
<br /> ; "� �� ' Funds due on the basis u[cunent dau and ressonabte estimntes of eYpenditurea ot tuture Eecrow Items or atherwise in -
<br /> i �ccordance with applicabla law. —
<br /> The Funds shall be held in an institution whose deposits are insured by a fedenl a�enc;r,instrumentality,or entity _
<br /> � - (including L.ender,if I.ender is such an institution)or in any Federal Home l.oan Bank.I.ender shall apply the Ftinds to --
<br /> �. ' � pay the Fscrow lums. I.ender may not char�t Bc�rcower for holdirtg and applying the Funds. �nnually analyaing the
<br /> . escrow account,ur verifying the Escrow Items,unless I.ender pays Barcov►•er interest on the Funds and applicable law —m
<br /> - QermiGS I.ender to make such a charge. However, Lender may require Rorrower to pay a one-time char�e for an �'`
<br /> mdependent real estate ux reporting service used hy I.en3er in connection with this loan,unless applicable law provides
<br /> otherwise. Unless an agreement is made or applicable law requices interest to be paid, I.ender shall noc be required to =_
<br /> pay Borrower any interest or arnings on the Funds. Borrower and I.ender may agree in writing,however,that interest =
<br /> shall be paid on the Funds. Lender shall give to Aorrower,without charge,an annual accounting of the Funds,showing "
<br /> � c�edits and debiu to the Funds and the purpose for which each debit to the Funds was made.The Funds are pledPed as �"J
<br /> - _•__ =--------.'.��'•' aJditionei�curity fot aii su;�s sc�cvreci by this Sccariiy In,^trument.
<br /> � If the Funds held by Lender exceed the amounts permitted to be held by applirable law, I.ender shall account to �-
<br /> '�` $orcower for tt►e excess Funds in accordanre with the requirements of applicable Iaw. lf the amount of the Funds held
<br /> ,•, � � . � by Lender at any time is noi sufticient to pay the Fscrow Items when due,I.endec may so notify Bottower in«riting, �i �
<br /> �� and,in such case Borrower shall pay to Lender the amount necessarp to make up the deficiency.Borrower shall make !=~-
<br /> � up the deficiency in no more than twelve monthly payments,at L.ender's sole discretion. �-..:-_
<br /> • . � Upon pnyment in full of all sums secured by this Security�Instrument,Lender shall promptl�•refund to Aorroaer t •`
<br /> eny Funds held by I.ender. If, under paregraph 21. Lender shatl acquire or sell the Property, I.endrr, prior to the
<br /> � acquisition or sale of the Propert),shall apply any Funds held bp Ixnder at the time ot acquisition or sale us a credit �_ :
<br /> �= j aQaiaSt the sums secured by this Security lnstrument. •
<br /> ��+ � 3. Application oi Yayments, lintess applicable IaN pro�•id�otherw�is�:,bit puyrnnnts rea:ci�•rJ by I.endrr unJrr
<br /> i � paragraphs 1 and 2 shall be applied: first,to any prepayment charges due under the tiote;second, to amounts payable
<br /> under paragraph 2;third,to interest due;fourth,to principal due;and last,to any latr charg�s dur under the\ote.
<br /> ' 4. Char�es;Liens. Borrower shall pay all caxes,essessmenu, charges, finrs and impositions attributable to thr �
<br /> " Property which may attain priority o��er this Securit�• Instrument, and Irasehold pay�ments��r ground rrnu, it any�. �
<br /> . Borrower shall pay these obligations in the manner pro�•ided in paragraph 2, or if not paiJ in that manner. 13�rroHer
<br /> shall pay them on time directls•co the p�rson o�ced pa�•ment. Bc�rrow•er shall promptl�•furnish to I.endrr all notices c>f
<br /> amaunts to be paid under this paragraph.If Borroper makes these payments directly,I3orroa•er shall promptly furnish ,
<br /> „ i to I.ender receipu e��idencing the payments.
<br /> . � $orro�er shall promptly�discharge anJ�lien��•hirh has priorit��o��rr this Serurit�• Instrumrnt unlecs&�rrower.(a)
<br /> agrees in writing to the payment of the obligation se�:ured b�•the lien in a mannrr arceptable to I.endrr, (h}contest�5 in
<br /> � goad faith the lien b�•,or defends against enfurcemrnt ui'thc licn in, legal prckrrdings�rhich in thc I.rnder's opinion
<br /> operate to prevent the enforcement of thr lien;nr(c)secures from the holder of the I irn an agrerment satisfactors•to
<br /> -. � I.ender subotd�natinY the lien to this Security lnstrument.If Ixnder determinrs that any part of thr I'rnperty is subjert
<br /> � • � to p lien which may attain priority o�•er this Securit}�Instrumrnt,I.rnJrr mac gi�•r B��rnx�•cr a m�tirr identifying thr
<br /> r' lien. Borrower shnll satisfy the lien or take one or more of the actions set forth ahrn•e u•ithin 10 da�•s c�f the giring of
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<br /> notice.
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