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<br /> TOQE'I7�iER W1TH all tho improvementc nnw or hereaflu erocted on thc prop¢rty.wid dl eaeemente,Mppurietunces.
<br /> �nd fixtures now or herea�tter s put of the Prnpeny. All ropl�cemrnts u�d Ad�ditione rha11 dw be covered by �liit Secutity
<br /> Imwment. All of the fa�e�oln�i�refe�red to in thl�Socurlty Instrurnent�r the «Property."
<br /> SORROWER COVENAN'fS Uut BoROwer is lowfully xised of the cswt�lieneby conveyod�nd has the right to�nt
<br /> _ _ and convoy the Property and that the Propercy is wiericumbe�+od,except for encumbrancea of record. Borrower wuranta�nd
<br /> will defend generally the titk to the Prope�ty aQAinst all cl�ims end demands,subject to any encumbrAnee9 of mc:ord.
<br /> T'HIS SECURITY INSTRUMENT combines uniform covenants for nadonW uce and non-unifam covenanu with
<br /> limltod vuiat�ons by judsdlctlon ta constitutc a unifurm secu�ity insuume�t coverinQ rcal property. T
<br /> IJNIFORM COVBNAN'I'S. Borrower w�d I.endcr covcnant and agrec as follows:
<br /> 1. P�jr1plpl O�PI'IIICIjlfl WIfI IOkI'eil;Ptl�y111l11�#O�I L�f!Cllaf�!!. Borrower shall promptly pay whcn duc the
<br /> -- pdncipal of and intecest on the debt evidenced by t!u Note and any prepaymcnt und late charges due under thc Note.
<br /> 2, Funds[or'Ibxq�atKi Iacuranca Subject to applicable law or to a written waiver by Lender,Borrowcr shAll pay to
<br /> � '" Lender on the day monthly payments are due under the Nate,until the Note is p�id in full, a sum("Funds")for.(a)yearly �
<br /> ---- — taxes and assessments which may attain ptiority over this Secudty Inatrument as u lien on the Property;(b)yearly leasehold
<br /> _ ---------�---- payments or ground rents on the Pronerty. if nny: (c) ycarly hazard or property i�surance premiums: (d) ycurly tlood � _
<br /> insurance premiums, if any: (e)yeurly mortgage insurance prcmiums, if any;and(� any sums payable by Borrower to
<br /> _ _—__— Lender.in accordance with the provisions of paragrnph 8,jn lieu of the payment of moRgage insuronce premiums. These
<br /> - items are culled"Escrow hems." Lender may,at any time,collect and hold Funds in an amount not to excecd the muximum
<br /> - "''�""�' amount a lender for a federally related mortgase loan may require for Borrowers escrow account under the federal Real
<br /> - � Estate Settlement Procedures Act of 1974 as amended from time to Ume,12 U.S.C.�2601 et seq.("RFSPA"),unless anather
<br /> _ " Iaw that applies to the Funds sets a lesser amount. If so,l.ender may,at any time,collcct and hald Funds in un amount not to
<br /> - ��,w, — cw�ct� G�t jCa�t muvulti. ;.ct��:� iiidj a.aLi�iidl� 2�'i� .Trilaiiii��r riiiS3� �ui. Gi�Iiii,Ziai.iii �F c�rrcr�i 3ata ard r�as:.rs«�C --
<br /> ' �t"•:. :'.:' � •• esdmates of expenditures of future Escrow Itr.ms or ntherwisc in uccordance with appiicable law. ---
<br />, ��,���;•.__ :r;�,��. ,. The Ftrnds shull be hcld in an institution whase deposits are insured by�u federal pgcncy, instrumentaliry, or entity ��.
<br /> ,. ' " : (including Lender,if Lender is such an institution)or in any F'+�deral Home Loan Bank. I.ender shall apply the Funds ta pay
<br /> ; � the Escrow Items. I..ender may not charge Borrov.��r for holding and applying the Funds, nnnually analyzing the escrow
<br /> ;;;°,."''� : � account, or verifying the Bscrow Items, unless Lender pays Borrower interest on the Funds nnd npplicable luw permits __
<br /> � • . �` Lender to make such a charge. However.Lender may require Borrower to pay u one-time churge for an independent real
<br /> estate tux reporting service used by Lender in connection with this loan,unless applicuble law provides otherwise. Unless an ----
<br /> • ugreemcnt Is madc or applicublc luw requires interest to be puid,Lender shull not bc requircd to pay Borrower any intcrest or _,_
<br /> � earnings on thc Funds. Borrower and Lender may agrcc in writing,however,that interest shall be paid on the Funds. Lender _ ,
<br /> . • . shall sive to Borrower,withaut charge,an annuul accuuntin�of the Funds.showing credits and debits to the Funds und the ��--
<br /> ' purpose for which cach debit to the Funds was mnde. The Fundti arc plcdged as ndditionnl security for ull xum+secured by �-�_`
<br /> . ' •� thisSecurity lnstrument.
<br /> _ ����_-i�.•._-,.• ._�. If the Funds held bv Lender cxceed the amountti permiued to be hcld by :�pplicable luw, Lender shaU account to
<br /> Borrower for the exce�s Funds in accardunce with the requirements of applicable I:�w. If the umount of the Hunds heid by ----
<br /> � • Lender at any time is not aufficient to pay the Escrow Itemti when due,Lender muy so notify Borrower in writins,und,in
<br /> ' such case Borrower shall pay to Lender the urnount necestiury to makc up the deficiency. Borrower shull muke up the °-u��=
<br /> • deficicncy in no more thun twelve mnnthly payments,at Lenders sole discretion. �r4
<br /> " Upon paymcnt in full af aU sums,ccured hy this Sccurity Instrument,l.ender shull promptly refund to Borrower any
<br /> Funds held by Lender. If,under paragruph 21, Lender shull acquirc or�cll the Property,l.endcr,prior to the acquisition or �
<br /> . , sale of the Property, shall upply any Funds hcld by Lendcr ut thc time of ucquisition or sale as n credtt aguintit the sums - _
<br /> - secured by this Security lnstrumcnt. .
<br /> ` 3. AppllcAtion of Payments. Unles�upplicublc I•rw providcs otherwise, ull payments rcceived by L.cndcr under
<br /> � puragraphs I and 2 shAll bc applied:Crst,to any prcpaymcnt ch;►r�es duc under ihe Note;second,to amounts payuble under �
<br /> �; paragraph 2:third,to interest duc;iourth,tu principal duc;and last,to any latc charse�due under the Note.
<br /> .. 4. Charges; i.iens. Borcowcr �hull pay all wxc., utisetisment,, char�c,,tinc, and impositio s s►tt�butablc to thc f
<br /> � Property which muy uttain priority ovcr this Sccurity Imtrumcnt,:�nd Icaschold p•rymcntti or ground re�tc,it'•any. Borcowcr '
<br />; shull pay thcsc obligations in thc mAnncr provided in puragraph Z,or if not paid in thut manncr.Borrowcr shull pay them on 1
<br /> • time direcdy to the persan owed payment. Borrower shull promptly furnish to Lendcr alt notices of amounts to be puid under F
<br /> this paragraph. If Borrowcr makcs thesc payments dirertly, Horcowcr shuU promptiy furnish eo LenJrr receipt,evidencing `
<br /> thc payments. .
<br /> k3orrower shul!promptly ditichurgc uny li�n which has priority ovcr thiti Security Intitrumcnt unles.Borrower.(a)abrces �
<br /> in writing to the payment of the obligation,rrurrd by th�lien in a manner ucceptahle to Lendrr,(h)contests in g�xxi fuith the �
<br /> �' lien by,or defends ugains!cnforccmcnt of thc licn in,Iegal prixeedings which in thr l.cndcr�opinion c�perute to prevent thc '
<br /> enforcement of the lien;or(c)ticcures from the holder of thr licn an agmcment�atitifactory to l.cndcr sutwrdinating the licn l
<br /> ; • to this Security Insvument. If Lender determines that uny part c�f the Property i+�ubjcct to u lien which muy uttain prioriry `•
<br /> • • � over this Security Instrument,Lender muy givc Borrowcr a nuticc identifying the lir:n, Borrowcr,hall tiatisfy the lien or takc �
<br /> �. onc or more af the Actiom sct forth ubovc within 1Q days af thc giving of noticc.
<br /> 5. Hpzard or Property Insurance. Borrowcr tihall kccp thc imprc�vcmcnls now existing or hercaRcr crectcd on thc
<br /> _ Property insured against luss hy t`ire,hs�ardx�nrluded within thc tcrm"extendcd�uveragc"and uny othcr hazurdti,including
<br /> ?' ' floods or flooding, far which Lender require. insuranrr. This insurunce shall hc maintainrd in the amount�and for ihc
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