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<br /> 'i'OaE11iPR WI1'H tll the Irnprovwnaw now ar dec�e�fca'erocted on the property.�nd dl euemcnt�,oppurtenanca,
<br /> wnd fixWres now or heceABec a put of the p�opectY. All nplacemenu�nd�ddidau shdl dw be cover�d by lhit S�twity
<br /> Itutrumau. All of the fa�e�oiuu�it refened to ia thit Socucity Imtruroeat�the"Propaty.'
<br /> gORROW�R COVENAM'9 that&xrowee i�lawfully�ei�ed of the estue hereby cnnveyod aad hiu the ri�ht to�rant
<br /> and convey the Propaty ud th�t el�o Prope�tY 1�unencumbered.except for encumbru�ces of raord. Bamwer wacrants md
<br /> w�W defend�eneally tha titk to the Property a�dnu dl cl�ima and demanda.cubjut to sny encumhrances of rocad.
<br /> THI5 SF.CUR11'Y INSTRUMENT combines uniform coven�nts for national use and nai-uniform covetunt� wfth
<br /> - — limited variatlons by jurlsdtction to am�titu�e e uniform xcudty instrument covuing r�eal propeRy. _.._.
<br /> UNtPORM COVENANTS.�Boeower an�l l.ender covenant�nd agnx As follows:
<br /> 1. P�yweut ot Pcladpd�ad Iaterati�P�7�t�od I.ste C'lurja. Harower�hal!P�'omPaY P�9 when due the
<br /> pdacipal of�nd intec�est on the dcbt evldencod by the Note and any prcps►yment and late charges due undcr the Note.
<br /> Z. FLad�toe 7l�ua�od Iawranea Subject to applicpble law ot to a written waiver by LenclGr.8orrower chall pny to
<br /> Leader on the dny monthly payments ane due under the Notc,undl the Note is paid in full,�sum("Cvnds")for.(a)yculy
<br /> laxes and�sse�smentc which mey attain pdoriry over thit Secudty Insuument as a lien on the PropertY:(b)Y��Y���»
<br /> PaYment� ar ground tents on the Property. if any: (c) Ycarly hazard or property insurance prcmiums: (d) yearly flood -
<br /> inaunuue premiums,if any; (e)yeuly mortQnge insuru�ce pnmiums,if any; and (�any sums payable by Borrower to
<br /> Lender.in accordance wlth ttro provision�of paragraph 8,in lieu of the payment of mortgage inaurrnce premiums. These
<br /> items ace callod"Eserow Items." Lender may,at any time.collect and hold FLnds in an amount not to excced the maximum
<br /> amount a lender for a federally i+elated mortgage loan may rcquire for BoROwerk escrow w:count under thc federal Real
<br /> F.statc Settlement Procedures Act of 1974 as amended from dmc ta tlme,l2 U.S.C.�2601 et srq.("RESPA"),unless another
<br /> `;" law that applies to the Funds sets a lesser amount. If so,Lender may.at any Ume.collect end hold Fvndv in en amount not to
<br /> - exceed the lesser amount. Lender may estimate thc amount of Iimds due on the basis of cument dAta and c�easonablc _
<br /> esdmates of expenditures of future Escr�ow Items or otherwise in accordance with applicable law.
<br /> - The f�nds shall be held in an instltution whose deposits are insuced by a fedcral agency,instrumentality.or entity -
<br /> • ,„,� (including Lenaer,if Lender is such an Institudon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br /> � �f�' the Escrow Items. I.ender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow
<br /> � � accoun�or verifying the Escrow Items. unless Lender pays Bortower interest on the Funds and applicable law pernuts
<br /> _ °�' "'��r'���`'` I.ender to make such a charge. However.L.ender may require Borrower to pay a one-time chacge for an independent real
<br /> �, ` estate tex reporting service used by i.ender in connectton with this loun,unless applicable law provtdes otherwise. Unless an
<br /> ��``"�' ``�f." agrecment is madc or applicable law requires interest to be paid,Lendcr Shall not be requircd to puy Borrower any intcrest or
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<br /> ' �, •� ..:• • eamings on the Funds. Borrower and I.ender may agree in writing,however,that interest sh�ll be paid on the Funds. l.ender _
<br /> - ,;.���?;'•.. ��.? �_ shall geve to Borrower.without charge.an annual accounung of the Funds.showing credits and debits to the Funds and thc
<br /> - '.` ��,'�,°;R •��, • pumose for which each debit to the I�nds was made. The Funds ure pledged as additianal securiry for all sums secut�ed by
<br />' ''j`�' •.:•'����ar :: :r; this Securlty Insdument. --
<br /> '"����=�'� If�h$ Funds held by Lender exccpd she �m�+!�nts permined to be held by applicable law. Lender shall account to
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<br /> .'.!,: •' . . }- gorrower for the excess Funds in accardanee with the mquimments of applicuble law. if the amount of the Funds held by
<br /> � • Lender at any time is not sufficient ta pay thc Escrow Items when due,l.ender may so notify Borcowcr in writing,and,in
<br /> . such case Bonower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the =-
<br /> deftciency in no more than twelve monthly paymcnts,at Lender's sole discretion. ___
<br /> „`, "�: , _ . Upon payment in full of all sums secured by this Security lnswment,l.eoder shall prompdy mfund to Borrower any -
<br /> � Funds held by Lender. If,under para�raph 21, Lender shall acquire or sell the Property,Lender,prior to the acquisition or ,,r,�
<br /> _ sale of the Property,shall apply any Fltnds held by Lcnder at thc time of ucquisition or sale as a credit against the sums ���=
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<br /> -- �'•� ° secored by this Sccurity Instrument. -
<br /> - • 3. Applicntion of P�yments. Unless applicablc law providcs otherwisc, all payments received by I.ender under
<br /> ��My ' • '°'� paragraphs 1 And 2 shall be applicd:first.to any prcpayment charges due under the Note;second,to nmountc payable under ��
<br /> =�,�' �'' , � p;uag�apl�2;U►i�d,tu Inter�st duc;fou�th,ta principa!duc:and last,to any late charges due Under the Note. _ __
<br /> . .,. 4. Chprges; Liens. Borrower shall pay all mxes,atisessmcnts,charges, fines and imposidons attributable to the __
<br /> Property which may attain priority over this Security lnctrument,and leasehold payments or ground rents,if:u�y. Borrowcr =• -
<br /> ; � shall pay these obligations in the rnunner provided in paragraph 2,or if not paid in thut manner,Borrower shall pay them on
<br /> " . ' ' � time direcdy to the person owed payment. Borrowcr shall promptty furnish to Lender all noticcs of umounts to be paid under �`��,
<br /> '' ' this paragraph. If Borrower makes these puymenGs directly,Bormwer shall promptly fumish to Lender receipts evidencins e`�:
<br /> the payments. �._�z
<br /> Borrower shall prompdy dixharge uny licn which has priurity over this Security Instrument unlesx Borrower:(a)agrces
<br /> in writing to the paymcnt of thc oblig•rtion securcd by thc lien in a manner acccptable to Lender;(b)contests in good faith the ��_�
<br /> � .-• lien by,or defcnds•rgainxt enforccmcnt of the licn in,icgal prcxceding�which in the Lendcr c opinion operatc to prcvent the
<br /> �"'� . enforcement of the lien:a(c)secums from thc holder of the lien an agreement satisfactory to L.ender subordinating the lien
<br /> ��� • to this Security Instrument. If Lender determines that any part of the Propeny iti subject to a licn which may attain priority �.��
<br /> `��•"� ovcr this Securiry Inswment,L cn dcr may give Borrowcr a nouce�den ti fying t h e li e n. B o r r o w e r s h a l l s a t i s f y t h e l i e n o r t a k e �
<br /> ' ,' one or morc of the uctions,ct forth above within 10 days of the giving af noticc.
<br /> � . . � ' S. HAZard or Propeety Insurance. Sonowcr shall kecp the improvements now existing on c�rcaftcr crected un the
<br /> __:. ' � Property insured against losx by�m,hazurds induded within the tecm "extended covcrage"und any other h;vurdx,including
<br /> ;�� t.:� floods or flooding.!or which Lender requires insur►nce. Thi. insurancc .hall lx muintained in the amounts and for the
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<br /> _ Form 302tl 9190 r/�Rr 2 ojn paxesJ
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