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<br /> 1'OQ817iSR WITH nll the lmprovema�u aow ot he�+eaP4a�eroctod an the�rty�iad�11 ea�emeaq. apPwteamca.
<br /> �nd flxtures now ar herestter��t of the p�apaty. All�epl�cemenu�u�d additlau�lt alw be covaed uy thii Security
<br /> Ia�eaG All of tbe fot+e�ola�i��efeaed to io thii Sacu�ity ynstrumait a�the"Propaty."
<br /> BORROWER COVF.NAM'S that Bormwor it lawhiliy uiaed of the e:tate haeby conveyed�ad h�a the ri�ht w annt
<br /> �nd convey thepaopp�ty+u�d th�t 16e Propetty It wnenc�rmbarod.exoept fa e�xumbnurca of recotd. Bormwer wur�nts�ud
<br /> wiU defead�ener�l(y the titk w the Property a�aL�at tll cWma u�d deawidi,subject to any encumbraoces of necad.
<br /> TH1S SECURTI"Y INS'lRUMEIVT co.rWnea unifortn covau�np fa mtional uie and non-unjfarm covpitntt wlth
<br /> _ � lim#ted vulsdons by jurisdiction to const�tute e unifam�iecurity in+trument cr.vering�!property.
<br /> [JNIFORM COVENANTS. Hamwer and I.ender covenant u�d��+oe as followa:
<br /> 1. P1�ymeat o[Prindpd and Intet+eat;Prcp�ymeot�nd Late CINt�e�. Bortnwer shAll Prompt1Y WY when duc the
<br /> priacipal of And intereat on the debt evidenced by tlte Note and�ny p�epnyment And Iwu char�ei dua un�er the Note.
<br /> �. Fued�for'I1�us and I�uranca SubJxt to applicnbie law or to a written waiver by Lender,Bormwer slwll pay w
<br /> Le�uier on the dtty monthly pnyments are due under the Note.un81 the Note is paid in fhU,a sum("Fl�nds") for.(�)yearly
<br /> tazes rtnd�ssessments which rtu�y attain prtority over thi:Security Instrument as a lien on the Prope►ty;(b)ye,arly leacehold
<br /> P�Ymentc or gcowxt rents on the Propecly. if any: (c) Yeariy hazerd or PropertY insuranco pnmiums: (d)ytariy flaod
<br /> insut�nce pnmiums. if any;(e) Yeprly mact�age insurance promiums. if Any;and(�any sums payable by Barower to
<br /> Lender,in accordance wIth the provisions of paregraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> iums an called"Escrow Items." Lender may.at any tlme,coUxt and hold Funds in en amount not to exceed the maximum
<br /> amount a lerKler for a federally �+elated mo�tgage loan may �+equire for Bocrower's escrow account under the federal Real
<br /> Estatc Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C.$2601 u seq.("RESPA"). unless another
<br /> _ law that applles to the Punds sets a lesser art►ount. If so.i.ender may.at any t�me,collect and hold Fonds in an tunount not to
<br /> --_ excoal the lesser amount Lendcr may estimate the amouat of Fuads due on the basis of current data and rcawnabk
<br /> = ectimates of expendltures of future Escrow Items or otherwise in accordance with applicable law.
<br /> - - The Funds shall be held in an inatitution whose dcposits ac�e insured by s� federal agency. insdvmentalIty,or endty
<br /> - . (including Lender,if Lender is such en insritution)or in any Federa! Home Loan Bank. L.ender shall apply the Funds to pay
<br /> the Escrow Items. L.ender may not charge Borrower for holding and applying the Punds,annually analyzing the escrow
<br /> _ account,oc verifying the Escrow Items, unless L.ender pays Borrower interest on the Funds and epplicable law permits
<br /> Lender to make such a charge. However.I.ender muy require Borrower to pay a one-time charge for an indcpendent rcal
<br /> " i estate tax reponing service used by I.ender in wnnect�on with this loan,uNess applicable Iaw provIdes otherwise. Unless an
<br /> I agreement is made or applicable law requires interest to be paid,I.ender shall not be required to pay Borrower any interest or
<br /> � eamings on thc Funds. Borrowcr and L.ender muy agnee in wddng,however.that interest shell be paid on the Funds. I.ender
<br /> f shall give to Borrower.without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the
<br /> - . ;� � purpose for which each debit to�he Fimds wAS made. The FY�nds are pledged as additional secur�ty for a11 sums securcd by
<br /> _. I dus Security Instrument.
<br /> (f thP R�nc�s tu�l� by Lender essted the smounts permItizd io be hels!b� applicable law, l.ender shaR account to
<br /> � °''"�� � Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the FUnds hcid by
<br /> '"������� �� �'� Lender at an tirre is not sufficient to a the Escrow Items when duc,Lender ma so notif Borrower in wdtin and,in
<br /> ,?..-...' :'1�:,--, . Y P Y Y Y S.
<br /> .���� ,�_ '� such casc Borrower shall pay to Lender the umount necessaty ro muke up the deficiency. Borrower shall make up the
<br /> �'���'•��'• ••���; ckficiency in no more than twelve m�nthly payments,at I.ender's sole discretio�.
<br /> . .�;.,,'�:�'�;;';'�, ' • Upon payment in full of all sums secured by this Security Instrument,Lender shalt promptly refund to Boaower any
<br /> �' ' Funds held by Lender. ]f,undcr pa�ugraph 21,i.ender shall acquire or sell the Property,Lender, prior to the xquisition or
<br /> r`;�� • '�� � sule of the Property,shall apply any Fund.r• held by Lender at the time of acquisition or wle a4 a credit ngainst the sums
<br /> ,'� '«` � secured by this Security lnstrument.
<br /> - a���. ' 3. Applies►tion of Awyments. Unless applicable law provides othe�wise, all payments rcceived by Lender under
<br /> -- `���t`����``'-•'• paragraphs 1 and 2 shall bc applied:first,to any prepuyment charges duc under thc Notc;second,to amounts payable under
<br /> -�� �'�"`��' � '��"� paragraph 2;third,to intemst duc;fourth,to principal duc;and last,to any la�e chugr�Jur u�ider the Notc.
<br /> f"' ' '���� �r � 4. Chnrges; Lie��.s. Borrowcr shall pay all taxes, ussessments, churgcs. fines and impositions attributablc to the
<br />�_ � - � � ' Property which mny attain priority over this Securiry instrument,and lenschold payments or g�ound mnts,if any. Borrower
<br />, � '�' '. : }` � shall pay these obtigations in thc manner provided in paragraph 2,or if not paid in that manner,Borrowcr shall pay them on
<br />"'�• time directly to thc person awed payment. Borrower rhall promptly furnish to Lcnder�ll noticcs of amountx to 6e paid undcr
<br /> : ':�`'` thts par•agraph. If Borrower makes these paymentti directly, Borrowet shall prampdy fumish to Lender receipts evidencing
<br /> •�i' ' v � the payments.
<br /> , Borrower shall promptly discharge uny lien which has priority over this Security Imtrument unless Bocmwcr.(a)agrees
<br /> ; in writi�g ro the payment of the obligution secured by the lien in u manner acceptuble to Lender;(b)contest�in good faith the
<br /> ' -'•�=� lien by, or defends against enforcement of the lien in,legal proceeding�which in the Lendcr's opinion operate to prevent thc
<br />, � • !+''' , enforcen�ent of the lien;or(c)secures from the holder of the lien an ugreement�ati,fuctory to l.ender subordinating the lien _.
<br /> - - to this Securiry Insuvment. If Lendcr detcrmines that any part ot thc Property is subject to u licn which may attnin priority -
<br /> „ �.►: • over this Security[nstrument,Lender may give Borruwer u notice identifying the lien. Borrower sh�ll satisfy the lien ar tafce
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<br /> t �y:�• one or more of the actions set forth above within 10 days of the giving af noticc.
<br /> ° S. Ha�rd or Prnperty Insurunce. Borrowcr�hall kcep the improvcmcnts now cxi�ting or hereafter crected on the -
<br /> .a,�•• •�. � _n.
<br /> : Property insured against loss by�rc,hu•r.ards included within thc term"cxtcndcd covcrage"and uny other huzurds,including
<br />-'� i � floods or flooding, for which Lender requires insurance. This insurnnce shall bc maintained in the amounts�nd for the
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