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<br /> TOOETHER W1TH all tho lrngrovemenu nuw cx hereatter erceted on the property,and all easementa,pppuctenaneea,
<br /> and fixtuces naw ar heroatter a ps�tt af the propetty. All replicemenu�and additions chill also be coveced by tl�s Sectuity
<br /> -- Inurument. Atl of the forc�oina is rcfemed to in thic Sccurity In�wment u dr:"Propeny."
<br /> BORROWER COVBNANTS ilwt Borrowor is lwwfully seiud of the estute hereby conveyed and has the tight to grant
<br /> — and convey the Ptopetty and that the Prc►porty is unencumbered,except for encumbrances of record. Borrower warrunt�and
<br /> - � wlli defend gener�illy the dde to the Prope�ty��ainst all cl�ims and demandc,subject to Any encumbrances of rococd. L
<br /> TH1S SECURTTY 1NSTRUMENT combincs uniform cavenants for natIona! use and ncm-unifcxm covenants w{th
<br /> �'; limlted variat�ons by jurisdiction ta constitute a uniform secudty instrument cuvedng real propetty.
<br /> UNIFORM COVENAIV'fS. Borrower and Lender covenant nnd agree as follows:
<br /> l. Payment o[Principwl and Interest;Prepayment and LAte Clwrges. Borrower shall pramptly pay when due thc
<br /> ���_��_%�_� pdncipal of and interest on the debt evidenced by the Note and eny prepayment and late cherges due under the Note.
<br /> =--==--°�-�:�� Z. �nda for 7kxes ond insurxnce. Subject to applicable law or to a written waiver by Lender,9onower shall pay to
<br /> �°=`-���'� Lender on the day manthly paymenl9 are due under the Note,until the Note is p�id in fuli,u sum("fi�nds")for:(a)yesuly
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<br /> —��_ taxes und assessments which muy uttuin prioriry over ihis Security Insaument as u lien on the Piropeny;tb)yearly Ic:aschold
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<br /> �"`"'�!��'�•'<.� payments or ground rents on the Propeny. if any; (c) yearly ha�ard or propeny insurance premwms; (d) yearly flood
<br /> °��•a�x-v,xt!}
<br /> =.•:s ;r;�•yz;.'. �;;,;,:�;�,�,,,,: insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (�any sums payable by Borcower to
<br /> a"``:��.' � ' � ' Lender.in accordance with thc provisions of paragraph 8,in lieu of the payment of mongagc insurance pmmiums. Thesc
<br /> '.�'�"�°'�� item�urc culled"Escraw Items." Lcnder may,ut any time,collect und hold Funds in an amount not to excecd the maximum
<br /> �''��u�=-�..-�.:._��� amount u Icnder for u federally related mortgage loun may rcquim for Barcowcrk escraw account under the fedcrul Rcal
<br /> ' -__ �:...;,,,R�„—�.f,�.,... E�tute SetUement Procedures Act of 1974 u.�umended from dme m timc. I 2 U.S.C.p 2601 rt+ey.("RESPA"1.unless unother
<br /> �� ;,�_:::::,�::•..:.::1.'a law ihut upplics to thc Funds scu c�lesscr amcwnt, If xo,I.cncicr muy,ut any timc,collcrt und hald Funds in un um�wnt nat tu _
<br /> " exrceJ the Icsscr umount. l.cnckr muy etitimute the unuwnt ot Fund. duc ��n tlx� bu�is of currcnt dutu und rcuM�nabk
<br /> cwtin�utc+uf cz�xnJitures�if fu�ure kKrow Item.or utherwlµin�cordu�kc with upplicuhle luw.
<br /> T.:.. 'fho Fu�xl� �hull tn hclJ in un in�dtutiun who.r dc�w�•it. urr intiu�cJ hy u fcdcrul ugcn�;y. instrumcnluliry.ar endty
<br /> t U�klwlin�lAmkr.il'L�n�kr i,+uch un in�tiwti��n1 ur in uoy i�c�krul Humc Luun Hunk. I.ciKler+hu�l upply thc Fund�to puy
<br /> . Ihr ti+�ruw Itcnt�. IAixirr muy ni�t churgv Nurrowcr ti►r holding and applying thc I�und..unnuully unulyifn�t thc cKrnw
<br /> � wcount.ur vcrilying ihc I:Krow Itrm.. unic.. Lendrr puy. Honuwcr iutcrc�t un thc Hundti unJ upplicuhlc luw �xmiN, _
<br /> • � l.en�kr io�nukr�urh u chur�c. Howcvcr. l.ender muy rcyuim Burcawcr a�puy a onc-timc churgc for an inikpcndcnt mal
<br /> ctitutc tux n:�x�rtiug.u�tvirr u.ed by Lcndcr in canncrtii�n with thi.loun.unlc�.upplicublc luw pnrvickx uthcrwiK. Unlc.rs un
<br /> ugnrmcnt is maJe iu applicuhlc luw rcyuire,interr,t to be puid.I.enJcr shuli nut hc r�yuired to p•ry Borrowcr any intemst or
<br /> � cumingr on thr Fund,. Borrawer und l.endcr muy ugrcc in writing,however,thut interest shull be pnid on the Funds. LenJer -
<br /> .hull give ta 13orrower,without charge,un unnual urc��unting of the Funds,showing creditti•rnd debits to the Fund+und U�e
<br /> purpose for which euch debit to thc Funds was mude. The Funds ure pledged us udditional security tor ull sutns�ccurcd by
<br /> — _.----: - ihi�SccuriLy tn::tn�meat.
<br /> If the Funds held by Lender cxceed the amaunts permittcd to bc hetd by uppticable law, Lendcr shutl uccount to
<br /> Borrower for the excess�unds in accordunce with thc rcyuirements uf upplicable law. If the amount of the Funds held hy �•-
<br /> j � Leader at any time ix not sufficient to pay the Escrow Items when due,Lenck�r may so notify Borrower in writing,and,in ��
<br /> such case Borrawer shall pay to Lender the amount necessury to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twclve monthly puyments,at Lender's sole dixcretion. `
<br /> Upon puyment in full of ull sums ticcurcd by thix Security Instrument,Lendcr shall promptly refund to Borr�wer any _
<br /> Funds held by Lender. If,undcr p•rragruph 21. Lcnder+hall acquire or sell thc Propeny,Lender,prior ro thc acquisition or
<br /> • sale of the Property. +hall apply uny Funds held by Lcnder ut the timc of acquisi[ion or sale as a credit ugainst the sums �'
<br /> L secured by this Security Instrumcnt.
<br /> 3. Appllcutlen of Paymeets. l�nlecc aP�ticahlc law providr, othcrwisc.all payments rcccived by Lender under �'
<br /> ��' pdragraphs 1 und 2 shall be upplied:t'ir�t,a�uny prepAyment churges duc under the Note:second,to amounts payuble under �!-�_
<br /> ,'+ ' paragruph 2;third,w intcrest due:fuurth,to principal duc:und last,to uny latc chargc�Jue under the Note.
<br /> i s � 4. Chorges; Llens. Bonowcr shall pay ull taxc+, atisc�sment., rhargcs, fincs unJ impositions aurihutable to thc
<br /> � Property which may:�ttuin priority over this Security [n�trument,and leasehold payments or ground rents,if uny. Borrower �.y
<br /> , shall puy these obligationti in the manncr provided in para�raph 2,or if n�n paid in th:►t munncr.Bocrower.hall pay them on t �
<br /> ; time dircctly ro thc pc:rson owcd paymcnt. Borcnwer shull promptly furnish to Lendcr ull notices of amounts to be paid undcr �
<br /> . this paragruph. If Bormwer m;►ke�thesc paymentti dirccdy.Borrciwer shulf promptly fumish to Lender receipts evidencing � ,
<br /> the payments. � '
<br /> • Borrowcr shall prompQy dischargr any licn which has prioriry ovcr this Sccurity Imtrumcnt unlcss Borrawcr.(a)ugrecs �
<br /> in writing tn th�:puyment of the ohligation ticcurcd by thc licn in a munncr acceptahle to Lender.!b)a�ntests in gcx�d faith the �
<br /> lien by,or dcfends ugain.t cnfnrcrmcnt al'thc licn in. Icgul prcxceJings which in the Lender;opinion operate to prcvent the
<br /> enforcemcnt of thc licn;or Ic)secures f'rom thc holder of thc licn an ugrerment suti+facrory to I.rndrr�uixirdinuting thc lien f ��
<br /> to this Securiry Instrument. If Lender determinex thut any part of the Property i+tiubject to u lien which muy attain priority
<br /> over this Security Instrumcnt,Lendcr may sive Bortowcr a notirr identifying thc licn. Borcower shull sntisfy thc licn or tuke
<br /> one ar morc of thc actions tict forth atwvc within !0 duys of thc giving of noticc.
<br /> i 5. Hazard or Property Insurance. Borrowcr,hall krep thc i►nprovcmcnts now cxisting or hrrcufter crrctrd on thc ;
<br /> Property insured asaintit loss by firc,hazards includrd within thr tcrni"rxtcndrd cuvcragc"and any othcr hazarJs,including
<br /> a� floods or tlaoding, for which Lcnder rcyuires in.rur:tnre. This in.urancr xhall he maintained in thr amounts und for the
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