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<br /> TOCiETHER WITH all the irnprovements now on c�rca[ter�rectcd on the property.und all casemeniti,appurunrnccs,
<br /> and fixtwns now or hereafter a part af the property. Al!replacements and additions shall also be cuvered by this Security
<br /> Inruumcnt. All of�hr foregoing ir rofemed a in thi�Secudty]natrument As the"Property."
<br /> BORROWER COVENANTS thnt Bortowcr is lawfully soised of thc estate hercby conveyed and hes the right to�rant
<br /> -- _---- and convey the Property und that the Propeny xs unencumbered,except for encumbrances of rocord. Borrowar warnnts�nd
<br /> will defend generally the title to the Property ag�inst all claims und demands,subject to any encumb�rinces of record.
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<br /> - THIS SECURITY INSTRUMENT combines uniform covenants for nationul use and nan-uniform covenunt� with
<br /> ';. limited variations by jurisdiction ta constitute a unifonn security inswment covering real property.
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<br /> -__ __,�,_ UNIFORM COVENANTS. Bo►TOwer and Lender covenant and agree ati follaws:
<br /> �„��,�,�,.��� l. Pwyment of Prtnctpat and Interest; Prepoyment and Late Chargw. Barro�ver shull prompUy puy when due thc
<br /> -----.___..,._�„_.-,� principal of and interest on the debt evjdenced by the Notc and any prepayment und late charges due under the Note.
<br /> 2. Ftinds ior'ltixes and Insurance. SubJect to applicuble Is►w or to a wdtten waiver by l.ender,Borcower shall pay ta —
<br /> �'��''"��°`''���,�� I.ender on the day monthly payments are due under the Note,until the Note is paid in full,u sum("Funds")for.(a)ycarly
<br /> -�`�-�-��.� taxes and assessments wl�ich may attain pdorlty over this Secudty Insuument us a lien on the Property:(b)yeariy lcasehoid
<br /> '�"'`°'-='��'`''°- ` pnyments or ground rents on thc Property, if eny; (c) yearly hs�zurd or property insurance premiums; (d) ycarly Qood _ .
<br /> '`�'�--°=�S°'"-="�''"`:"' �� lnsurance pt+emiuma, if any; (e)yearly mort�age insurance premiums,if any; c+nd (�any sums payable by 8ortower to
<br /> ,,,;,, ,; Lender,in accordence wlth the provtsions of parngraph 8,in lieu of the payment of mortgage insurunce premiums. These
<br /> .�, items are called"Escmw Items." Lender may. at any time,coUcct and hold Funds in an amount not to exceed the maximum �:-
<br /> �"-'-�'�` ' � amount a lender for a federally related mortsage loan rnay require for Borrower's escrow account undcr the federal Re.-�I
<br /> —����L�,�'+ Estate Settlement Procedures Act of 1974 as amended from ame to time,12 U.S.C. §2601 et seq.("RFSPA"),unless another
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<br /> '4O'�-�"'.•"'';01!`j !aw that applies to the Funds sets a lesser amount. If so.Lender may,at any timc,collect und hold Funds jn an amount not to -
<br /> �;.`.�+`...:: ' `'` exceed the lesser amount. Lender may estimatc thc amaunt of Funds due an the basis of current dAta and neasonable �-
<br /> `''r'"'� esdmates of expendttures of future Escrow Items or otherwise in uccordance with applicable law. =-
<br /> . �' �� . The Funds shall be held in an instituuon whose deposits sue Insurcd by A fedetal agency, instrumentality, or entity =��•
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<br /> F �� , (tncluding Lender,if Lcnder is such an irrmtitution)or in any Federnl Home I.oan Bank. L.ender shall apply thc Funds to pay _
<br />, . � the Escrow Items. Lender may not charge Borrower for holding and upplying thc Funds,annuully analyzins the r.scrow ��'ti
<br /> � j account, or verifying the Escrow Items, unless Lender pays Borrower interest on the �unds und upplicable law permits � s_
<br /> Lender to make such a charge. However,Gender may rcquire Borrower to pay�one-time charge for un independent rcal -
<br /> estate tax reporting service used by Lender in connectian with this loan,unless upplicable luw provides othenvise. Unless an ��,,�
<br /> . agreement is made or applicablc luw rcquires interest to be paid,Lender shall not be required to pay Borrower uny interest vr Fi-=
<br /> eamings on the Funds. �orrower and L,endcr may agrec in writing,howevcr,that interest shull bc paid on thc Funds. Lcnder �
<br /> shall give to Borrower,without charge,an annual accounting of the Fundc,xhowing crcdits and debitti to tha Funds nnd the �_.
<br /> purpose for which each debit to the Funds was made. The Funds are pledsed as additional security for all sums secured by �=_.
<br /> .;s,,,.,, .:' ,. this Security Instrument. �'•
<br /> If thc Funds held by Lender exceed the amountc permitted to bc held by applicable law, Lcnder shall account to �'''`
<br /> - - --- -- -�- - ,.' tiorrower for the exccss Funds in accordance with thc requircments of appiicabie iaw. If the amount of the Funds heid by -
<br /> Lender ut any time is not sufficient to pay Ihe Escmw Items when due,l.ender may so notify Borrawer in writing,and,in E•�+--.
<br /> �uch case Borrowes chall pay to Lender the amount necetisary to m�ke up the deficiency. Borrower shall make up the ,.,�,
<br /> � deficiency in no more than twelve rnonthly payrncnts,at Lcnder',s solc discretion.
<br /> • ' Upon payment in full of all sums secured by this Sccurity Instrument,Lender shall promptly refund to Borrower any �3
<br /> Funds hcld by Lendcr. If,under paragraph 21, Lendcr shall acquirc or ccll thc Property, Lender,prior to thc acquisition or
<br /> sale of the Property. shall uppiy any Funds held by Lcnder ut thr time of acquisltion or sale a�n credit against the sums
<br /> : secured by this Security Insuvment.
<br /> *,', 3. Application of PAyments. Unless applicable law proviJes otherwixe, all puyments received by Lendcr under �,��f.
<br /> ��,s paragraphs I and 2 sh�ll be applied:tirst,to any prepaymcnt churgcs due unJcr the Notc; sccond,to umounts payable under �- ,
<br /> ,-* parugraph 2;third,to interest duc;fourth,to principul due;und latit,to any lute churges duc under the Note.
<br /> i � 4. ChAr�esz; I.tens. Bortower shull pay all taxes, atisessmentti, chs�rges, fincs and impositions attributable to the
<br /> � Property which may uttuin priority over this Sccurity Intitrument.und lcaschold payments or ground reatx,if any. Borrower
<br /> ! shall pay these ohligations in the manner provided in puragruph 2,or if not paiJ in that manncr,Boaowcr shall pay them on �
<br /> timc dimctly to thc person oweJ payment. Borrowcr,hull promptly furni+h to Lendcr ull notirc,ul'amountti to be paid under t
<br /> this paragraph. If Barcower mukes thetic paymenh directly, Borrowcr shutl prumptly fumish to Lcnder mccipts evid�ncing ir
<br /> thc payments. ,
<br /> . Borcower shull pro�npQy disrh�uge uny licn which hati prioriry uver thiti Security Instrument unletis Burrower:(a)ugrees r
<br /> in writing to thc paymcnt cif thc obligati<�n,ccurcd hy thr licn in a manncr arccptablc tu Lrndcr:(b)contcst�in gocxl faith thc
<br /> ' � lien by,or defend�u�aintit enforcement of thc licn in,Irgul prixcrdingti which in thc LenJcr's opinion o�xrutc to prevcnt the `
<br /> . � enforcement of the licn:or(c)secureti from the holdcr uf thc lien an agrcrment satisfactory to Lcndcr.ulwrdinuting the lien
<br /> to this Security Instrument. If Lender determincs thut any part of the Property iti subj�ct to a lien which may attain prioriry .
<br /> . over this 5ccurity Inswment,Lender may givr Bnrrowcr n noticc iJcntifying thc licn. Borrower shall satisfy the lien or take ;
<br /> ; � onc or marc of thc uctionti xct timh a}xrvc within ID day�ot thc giving of noticc. 1
<br /> • 5. Hazard or Property Insurance. Borrowcr�hall kecp thc impruvementti nuw�xi,ting on c�rcaftrr crectrd on thc '
<br /> h Propeny insuRd:�gainzt lotir by tirr,har:�rdti inrludrd within thc tcmi"extrnded ruvcragc"�Il(I:I�ly UI}ll'!B8/.ilftll,includin�
<br /> flood+or flooding, for whirh Lendcr rcquirc+ insurancc. "I'hiti in+ucuncc �huU bc maint:�incd in thc amount� und fi�r thc
<br /> � • , � Form 3o2i3 9/yu rpuxr 1��Jn pnxrc i
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