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<br /> TOOETHEit WiTH�111he improvqnerNs now or ha+e�Aer erected an the prop�cty.utd�II aiemar��rPP�riati��wd
<br /> fixwra �ww �x lure�ttcr � pwrt of the Pr�apeity. All ripl�oanaius �nd dditbru �iull da be ooverod by tWi Sra�i�y
<br /> Iawument.All of the forcQoin� ic rcferrod ito in tblc Secudty Gutrument a the"Property.'
<br /> BORROW�R COVENANTS ch.c Borrowu i�lawfully�ei�ed ot che aute heKby oonvryed�nd tw she ri�M w jru�t r�d
<br /> oonvcy the Property u�i that the Property ir unencumberod.exapt far a►nunbcances of roaxd. Borrower w�r and will
<br /> defend gcneralty the title to the I�ropeny��ainnt all claims axi denwnds,wbjact to rny encumbnnca of rouotd.
<br /> THIS SECURTTY INSTRUMENT oambiner uniform wvenuux for nuiw�l use and rwn�uniform uoven�nt�wilb(fmited
<br /> _ v�tl�tians by Jurisdiction ro constitute r�unifarn►sccuriry instrument cover�n�real property.
<br /> ' UN1hURM CUV�NANTS. 8orrowar and Laxfercovenent and s�roe a�fotlaws: —
<br /> .- I. Pryrneut ot Princtpd sad IMerrsti �Wywent and I.�te Cbu�a. Borrawer �uii PrompdY Pw►Y whrn due the
<br /> - principal of and intercst on the dcbt cvider�ood by the�late and any prcpqyment and late char�cs d�u under thc Note.
<br /> 2. Funds for Taxes and I�urance. Subjat to applicable law oc co r written waiver by Lcnder. Fbrrower shall py u►
<br /> , L.ender on thc day monthly payments are due under the Notc.until the Notc is paid in full,a sum(`Funds')for:(a)yeuly wca
<br /> and asscssmcnts which may attain prioriry over this Socuriry Instrument As a lien an thc Property; (b)yearly leaaetwld psymenn
<br /> - ° ______° or ground rents an the Property, if any;(c)yearly hvard or propeny insurance premiums;(d)yearly flood incuru�ce prrmiumi,
<br /> if any; (c)ycarly mortgage insurance prcmiums. ff any; and(�any sums pryable by Borrowcr to Lcnder, in a000►d�noe with
<br /> the provisions of p•rragr�ph 8, in lieu of the payment of mortgagc insurance premiums. 7'he.�e items are c�lled 'Escrow Itetn:.'
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<br /> Lender may. at any tinx, colixt and hold Funds in an amount not to exceod che mvcimum amount a Ier�der for a faier�lly
<br /> nlated mortgagc loan may requirc for Borrower's escrow account under the federal Rcal Estate Setdement Procedurcs Act of
<br /> " 1974 as amended from ti�r�e to time, 12 U.S.C. Section 260t et seq. ('RESPp").unless anotixr liw th�t applies to the Funds
<br /> '�� �;;'Q..�,.�_. sets a lesser anwunt. If so, I.ender may, at eny time,collect and hold Funds in an anwunt not ro exceod the lesser amount.
<br /> '"�� ° - � �� L.ender may estimate the amount of Funds due on the basis of current data and reasonable�stimates uf eapenditu�+ec of futuro
<br /> :�;�`r::=:�'�'',i:�i Escrow Items or otherwise in eccordance with applicable law.
<br />" ' ' ' • Thc Funds shall be held i�an institution whosc deposits are insurcd by a fedcral agency, insuumentality, ar entity
<br /> ;;._.�:.• ` •_;;��; (including Lender, if L.ender is such un institution)or in any Foderal Home I.oan Bank. I.ender shall apply the Funds to pay the
<br /> ' ' ' ��• � Escrow Items. Lender may ncx charge Borrower for holding and applying the Funds,annually analyting the escrow aocount,or
<br /> , . .�, :? verifyins the Escrow Items.unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make su¢h
<br /> • a charge. However,Lender mny require Borrower to pay a one-time chuge for an independent real estate tax nporting servlce
<br /> " used by Lerxler in conncction with this loan, unless applicable law pravidcs otherwise. Unless an agrcemcnt is made or
<br /> - " .. , applicable law requires interest to be paid, I.cnder shall not bc required to pay Barmwer any interest or eamings on the Funds.
<br /> � � Borrowcr and Lcnder may agrce in writing, howcver,that interest shall be paid on the Funds.Lender shall give to Borrower,
<br /> �'="�' `"�` without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> — T debit to the Funds wns mnde.The Funds ure pledged as additional security for all sums secured by this Secur�ty Instrument.
<br /> If the Funds held by L,ender excced the umounts permitted to be held by upplicable law,Lender shall account to Borrower
<br /> for the ezcess Funds in accordance with the requirements of applicuble luw. If the amount of the Funds held by[.ender at any
<br /> ., time is not suf6cicnt to pay the Escraw Items when due,L.ender may so notify Borrower in writing,and.in such case Borrower
<br /> ' shall pay to I.ender the amount necc�sary to make up the deficiency. Borrower shall make up the deficiency jn no mone than
<br /> twelve monthly paymcnt�,ut Lender's u�lc discrction.
<br /> Upon paymeat in full of ull sums secureJ by this Security Instrument, l.cixlcr shall prom�tly refund to Bonower any !
<br /> Funds held by Lendcr. If,under paragraph 2�, l.encicr,hali acquirc or scll the Property. I.cndcr, prior to the acquisition or sale
<br /> �� of the Pro rt shutl a I an Funds held b Lender at the time of uc uisition or sale as u crodit a ainst the sums securod b �}
<br /> ' Pe Y•• PP Y Y Y q 8 Y
<br /> � � this Security Intitrunxnt.
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<br /> � , � 3.Application of P�yments.Unlcsti rpplicablc law providc�othcrwise,all p•rymcnts received by I.endcr under paragraphs -_
<br /> ., I anJ 2 shall be applied:first, to any prcpaymcnt rhurgcti due unJer the Note; �ccond, tn umounts payable under pa�agraph 2: -°
<br /> • thirJ,tc►intem�t Juc:fiwrth,to prinripal duc:and la�t,to any late charges duc undcr the Note. '��
<br /> 4.Charfies; I.iens.Borrowcr�hall pay aU taxr�,ax,cssment�, chargrs, tineti a►xi impiisitions attributable to the Property `°
<br /> which muy auain priurity cwcr this Scrurity lntitrument, and Ics,ehold payment.nr ground rents,if any. Bortow•er shatl pay _
<br /> thcse obligatiom in the manncr providrd in paragraph 2,ar if nat paid in that manncr,B��rrower�hall pay them on time directly
<br /> to the pertion owed paynknt. &irrnwer tihall promptly furni.h t��I.�ndcr aU noti�c�uf anxwntti to he paid undcr this paragraph. ��.
<br /> - If&urawer make.thrtir paymcnt,dircrdy. HorrciH�r,halt prompUy fumitih tu l.endcr rrrcipt�cv iJcnring thc payments. `-�
<br /> Borcower�hull prumptly di�charge any lien Hhirh ha,pri�irity uvrr thi.Srrurity In�trunxnt unle��Borrower: (a)agroes in �s'.�
<br /> writing tn thc payment o1'thr nhligatiun�crureJ h��thc licn in a manncr acrcptahlr to I.rrxler;1b�contc�c.in gaod faith the licn `
<br /> by, or JcfcnJti aguin,t cntiirccmrnt ��f thr lirn in. Icgal prorrrding� w•hirh in thr I.endcr'. upini�m n�xratc to prcvent the
<br /> enforccnknt ��f thr lirn:nr(rl ururc. 1'r��m thc h��IJrr at'thr lirn an a�recmrnt.ati�tactun� u� 1.�nJcr wb��rdinating the lien to =--
<br /> , this Scruriry Inxtrumrnt. (f[.rn�i�r drtcrminc,th:d an}•part uf thr Pn,Exn�� i, ,uhjrrt tu a licn v►hich roay •rttain priority over
<br /> �, this Se�uri�y In.trumrnt. LenJrr tn;n• gicr R�nr„��rr a m�tirr idrntil�ing thr lirn. B�,rr��wer tihall wti.tj the lirn ur take ane or ����
<br /> morc of thc actiuns.ct ti,rth abuvc��•ithin 1(1 J:n.��f thc ivin•uf n��tirc. �-
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