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<br /> 1�OCiETHF.It YV11N al!the impraven�ta now a t�ereatkr otnctal on the property.and�Il ewcmenu.yipurten�nca,
<br /> �nd fl:tura now a haeaAu a pat af the property. All rcpl�xments�nd addldons slull�Iw ba covered by thls Sacwity
<br /> Iruuwnent. Ali ol�he forc�oiag is refeired to in this Security lmwment u thu"Property»
<br /> BORROWER C(1VENAIV7'S thai l�ortower!s iawfully uisecf of the ccuue hercby convcyecl and haa the right ro�nnt
<br /> uid canvey theProp�rty�nd that the Propetty is unencurnbe�ed,except for encumbr�nce�of�cad. Bamwer wamnGt�nd
<br /> will�defend�eneraliy the titk co the Pf+npaty�xitut tll cldnu�nd demsnd�.xuh�t a any encumbrances of cxcxd.
<br /> 1HIS SECURITY 1NSTR�JMEIV'I' combines uniform covenanu for nationat use and non-uniform covenants wIth
<br /> limited varlat�ans by j udsdktion W constltute�unifam seaurity instrument covuin�r�eal prap�Ry.
<br /> -- UIJIFORM COVENAM'S. Borrower ancl Le�nder covenwnt and ag�+ec As foUows:
<br /> l. PRyNent ot Princlp�l aad Wterati Prep�ymept apd I.ate Char�e�. Bonrower ahall P�'omP��Y PaY when due the
<br /> principal of and inteoest on tho debt evidenced by the Notc aad any prepayment and I�te charges due�urder the Nute.
<br /> �. Furd�iar'IL�cea�nd Inwr�ua. Subjxt to applicable law or to a wdtten waiver by L.ender,Borrower s�hall pay to
<br /> L.ender on the day monthly paymenGs are due under the Notc.until the Note is paid in full,a sum("Funds")for. (a)yearly
<br /> -- ��— taxes and usessments which muy attein pdaity over this Secudty Instrument as a tien on the Property;(b)yeuly leasehold
<br /> payments or grcsund nn�s on the Property, if any; (c) yearly hazard or propeny insursu�cc premiums: (d) ycarly flaod
<br /> Insurance premiums, if any; (�)yearly mortgage insurance p�miums. if any;and(�uny sums payable by Borrower to
<br /> Lender, in accordance with the provisions of paragraph 8,in lieu�f�he payment of moctgage Insurance premiums. These
<br /> items are called"Esccow Items." Lender may,at any time,collect a�d hold Funds in an amount not to excad the maximum
<br /> amount a lender for a federally rel�ted moctgage loan muy requlve for Borrower's escrow�ccaunt under the federal Real
<br /> Estate SetUement Procedures Act af 1974 as amended from t�me to dme. 12 U.S.C.�2601 et seq.("RESPA"),unless arwther
<br /> — law cna[appucs to tne tvnac sets a Iesser amoun� lf so,I.ender may,at any time,colltxt s►nd hold Funds in an amount not to �_
<br /> ♦-' exceed the lesser wnount. I.tnder mey esdmatc thc emount of P,�nds due on the basis of current data and reasonable
<br /> ' estlmates of expenditures of future Escrow Items or otherwise in accordance with appticable law.
<br /> 'Ihe Funds shal! be held in an insdtution whose deposits are insured by a fedcral agcncy,instrumentality.or endty
<br /> ���•;� ��`� � (including Lender,if Lender is such an instituuon)or in any Federal Home Lc�an Bank. Lender shuli apply the Funds to pay —
<br /> ' the Escrow Items. Lender may not chazge Borrower for holding and applying the Funds,annually anulyzing the escrow
<br /> '�ti.���'�':�< account, or verifying the Escrow Items, unless Lender pays Borrower Interest on the Funds and applicable Inw perrnits
<br /> _ '1`, 'i-�' `�' Lender to make such a charge. However.I.ender may require Botrower to pay a one-time charge for an independent ceal
<br /> ,.•....L .� estate tax nporting service used by L.ender in connecdon with this loan.unless applicable law provldes otherwice. Unless an
<br /> � `•'`��''�'��' `'•"'� � agrccment is rnude or applicable law requires interest ta be puid,Lender shall not be reyuired to p�y Borrower any interest or
<br /> '�'"i"�d'.'t�'"�';"�' '' - eamings on the Runds. Borrower und I.ender may agrec in wrlting,however,that intenest shall be paid on the Funds. Lender
<br /> ' � ��'�' � '�� �.°'• shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debitc to the Funds and the
<br /> �� '�'�i'•'�"{"`' ' '� purpose for which each debit to the Funds was made. Thc Ftinds are pledgcd as additianal recurity for all sums secured by
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<br /> If the Funds held by Lender exceed the amountc permitted to be held by applicablc law, Lcnder shall account to
<br /> " Bonower for the excess Funds in accordance with the requirements of applicablc law. If the amuunt of the Funds held by
<br /> , Lender at any time i� not sufficient ta puy the Escrow Items when duc,Lender muy so notify Borrower in writing,and,in
<br /> ' '.. such case Borrower shaU pay to Lendcr the umount necessary to make up the deflciency. Borrower shaU make up the
<br /> � ' „ deficiency in no rnore than twelve monthly payments,at Lender's sole discretion.
<br /> . � Upon payment In full of all sum�secured by this Security Insuument,Lender shull promptly refund to Borrower any ___
<br /> " 1 Funds held by Lender. If, under paragraph 21, Lendcr shull ncquirc or�cll the Property,Lender,prior to thc acquicition or
<br /> ! sale of the Property,tihall upply any Funds held by Lender at the time of acquisition or sale u�a credit asainst the sums ����
<br /> __ , � sccumd by this Security]nstniment. --
<br /> L 3, Applksit(on ot Ppyments. Unletis upplicablc luw provides othcrwise, all paymentti mceived by Lender undcr
<br /> '�.,, paragrrphs i and 2 sh�li bc applied:fin[,[o any prepuyment chuges due under the Note;sewnd,to amountx payable undcr -
<br /> - paragcaph 2:third,to in[erest due;fourth,to principal due;und last,to•rny late charges due under the Note. �°-
<br /> ��' *'' �'- 4. Ch�rges;L.iens. Bortowcr shall pay u!1 tuxes, usscssmentti, chazges. Cncs and imposidons atvibutublc to thc
<br /> • Propepy which may uttain priority ovcr thiti Sccurity Instrument,and Ieaschold payments o:ground r�rts,if any. Borrowcr �'�
<br /> shall pay thc�ce nMigat ions in thc manner provided in paragraph 2,or if not paid in that manner, Borro�vcr shal!pny them on �--
<br /> ' � time dirccdy to the person owcd puymcnt. Bomowcr shall promptly furnish to Lendcr•rll notices of umounts to bc paid under -
<br /> this paragraph. I f Borrower makes the.c payments direcNy, 8orcowcr shall prompdy furnish to Lender receipts evidencing ��
<br /> tl�e paymentc. ::5`=
<br /> Barrowcrshall promptly dischargr uny licn which ha,priurity over thi.Sccurity Intitrumrnt unlc+s Bonowcr.(a)�grccti �
<br /> ' in writins to the payment af the obligation.ecured by thc lien in a munner acceptuble to Lcnder;(b)contests in good[aith the j
<br /> �,• •�• lien by,or detends ngninst enforcement of the licn in,Iegul prcxeedingti which in the[_ender�opinion operate to prevent the �
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<br /> , '" � cnforcement of thc lien;or(c)secures from thc holdcr uf thr licn an agrecment�ati,factory to Lendcr xubordinating thc lien
<br /> to this Security Instrurncnt. If Lender Jetermine�that uny part of the Property i.xubject to a licn which may attain priority ��`
<br /> .�,��, over this Sccuriry Instrument,Lender may give Borrowcr a nc�tice identifying the lien. Borrower shall satixfy thc lien or take �
<br /> . onc or mom of thc actions sct forth above within 10 dsys of thc givin€of noticc. ,
<br /> 5. Hazard ar Property Insttrance. Borrowcr shaU kcep thr improvementti now cxi.ting��r hercafter crectcd on thc
<br />— Property imured against losx My firc,hvards includcd within thc tcrm"extendrd ro�•cragr"and any othcr h;uard+, including �
<br /> _ ' � t � floods or floodin�,for which Lender requires insurance. Thiti insur,�nce xhall bc maintuined in the amounts and for the ;
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