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<br /> Taf3ETHER WITH�11 the impim�anents now or t�tta aected an the proputy.and�11 ea�emenu.s�ppurtenwcu.
<br /> u�d fuaua now or herafter a put of the pcop�aty. All rcpl�cemaits u�d�ddidunt thall dw be covaed by thia Security
<br /> Inununent. All of the forcgoin�i�rofernd to ia thit Secutiry In�tn�ment As the"Property"
<br /> BORROWER COVBNANTS thAt eatrower iR I+twti�lly seised of the cst�te hcreby conveyed pnd hu the dQht to�r�nt
<br /> u�d convey the Prapaty u�d that the Property is uncncumberod,oxcept for encumbranccs of rococd. Barower w�rranu ax!
<br /> will defend�eneraliy thc title to tl�e Pcoperty���inK dl cl�ims end dem�nd:.iubjoct to�ny oncumbrmces ot rocotd.
<br /> �� ---�- 1� THIS 5ECURITY INSTTtUME[Y'Y' carrebinet ut�ifotm covenwtts!ix naUon�1 uce and na�-unifortn covenrnlr wilh
<br /> limited variulon�by jurixlicUon to corutitule a uniform iecurity instrument coverin�roal proparty.
<br /> UNIFORM COVENAIV'fS. �lo:rower u�d Lender covet�ant w�d��mc�c fi�ilosvs:
<br /> 1. Payraent ot PrL�ctpd and Inknat;Prep�ymeat�ad l.�te Cb�tYw Burn�wer rh�ll promptiy pay when due thc
<br /> princi�of�nd intercst on the debt evldencod by the Note and any prepoyment nnd late chwrges�due under the Note.
<br /> �nds for 11rxa and G�wrance. SubJoct to applicable law or to u wdtten waivcr by Lender,8arrower ahall pQy to
<br /> -- -- -- -- Lender an the day monthly payments are duc under thc Note.until the Ncuc is paid in full,a sum("Funds")for.(a)ycarly
<br /> taxes and assessments which may attain priaity over thts Secudry Insuument os a licn on the Propecty:(b)yearly leasehold
<br /> payments or ground rents on the Pruperty. if uny: (c) ycarly hazard or property insurance poemiums; (d) yearly flood
<br /> lnsurance pcemiums, !f any: (e) yearly mortgage insurance premiums,lf any; and (� any sums payablc by Borrower tu
<br /> L.ender,tn accocdance with the provisions of pazagraph 8,jn lleu of the payment of mortgage inaurance premiums. These
<br /> items aze called"Escrow Items." Lender may.at eny time,coUect and hold Punds in an umount not to exceed the mAximum
<br /> anwtmt a lender for a federally rcluted mortgage low� may require for Bortower's escrow account undec the federat Real
<br /> _ - Esta�e Seidement Pracedures nc�of i47�i as wm�utcai f�um ii�ur iu iiu�c.I2 I�'.S.C.•y 26Q1�t s.:q.("•°.EcP."•"1.ttstless�.l�ei
<br /> '` law that applies to the Funds sets a lesser amount. If so,T.ender may,at any time,colir,�:t urxl hold Funds in on amoi+nt not to -
<br /> exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of current data end reasonable
<br /> estimates of expenditures of future Escrow Items or otherwise in accordunce with appllcable law.
<br /> The FLnds shall be held in an institut�on whose deposits nre lnsured by a federal agcncy. instrumentality, or cntity
<br /> ({ncluding Lender.if Lender is such an insdtution)or in any Federsd Hume Loan Bank. l.ender shalt apply the Funds to pay
<br /> the Escrow items. Lender may not charse Boaower for holdin�and applying the Funds,annually analyzing the ekrow
<br /> account, or vedfying the Escrow Items, unless Lender pays Borrower interest on the FundS nnd applicable law pemnits
<br /> =� Lender to make such a charge. However, Lender may mquire Borrowcr to pay a one-time charge for an independent real
<br /> � s : estate tax reporting service used by Lender in connection with this lonn,unless npplicablc law proeides otherwise. Unless an
<br /> ' _�_ �x.� agreement is mude or applicable law roquires intcrest to bc paid,Lender sha11 not be requircd to pay Borrowcr any interest or
<br /> _ �' 4 ;,�;�.� - ' •• _- eamings on the Funds. Borrower and L.ender may asme in writing,however,that interest shall be pa�d on the Funds. Lendcr
<br /> • �.��`:a:a� shall give to Borrower. without charge,An ennual uccaunting af the Funds,showing credits and debits to th�Funds and the
<br /> � �' .�i�;�' purpose for which euch debit to the Funds was made. The Funds arc pledged as additional secudty for all sums secured by
<br /> ��::: this Securiry lnstrument.
<br /> °�`•��"°�'' �'''d��•'� If the Funds held by Lender exceed the umottnts permitted to bc held by applicuble law. Lender shall account to
<br /> ' � '�� Borrower for the excess Funds in accordance with the requirements of applicnble law. If the wnount af the Funds held by
<br /> . Lender ut any time is not tiufflcient ta pay the Escrow Items when due,Lender may so notify Borrower in writing.and. in =
<br /> such case Borrower shall pay ta Lender the amount necessary to m�lce up the deficiency. Borrower shall make up the °'s
<br /> �. �' deficiency in no more thnn twelve monthly payments,at Lender'�sole di,cretion. —
<br /> , Upon payment in full of all rums sccurcd by this Security Instrumcnl,Lcnder shall promptly refund to Borrower any
<br /> ' � Funds held by Lender. If,under paragruph 21,Lender shaq acquire or sell the Property,Lender,prior to the acquisition or ' ,•.
<br /> �+ -- rale af the Property,shall uppty uny Fundc held by Lender at►he time uf acquisition or sule as u credit against the sums �h�Y
<br /> .., secured by this Securiry Instrument.
<br /> " 3. AppitcAtton of Ps►yments. Unless •rppliruble law provides otherwisc, all payments rcceived by Lendcr under ,
<br /> �•= �� ' � �-- • ara ra hs 1 and 2 shup be a lied: first,to un rc a ment ch;►r eti duc under the Note;,econd,to amounts u uble undcr �^,`�
<br /> P' S P PP� Y P P Y � � n Y --
<br />=,M�� paragraph 2;third,to intcrect due;fourth,to principal duc;and lust,to any late churge:;Jue under thc Note. �_�
<br /> , 4. Ch�rges; I.iens. Borrowcr shull puy all taxcs, assessmentx,charges, fincs �nd impositions attributable to thc --
<br /> - Property which may uttain priority over thi�Security Instrument,and leasehold payments or ground rents,if any., Borrower . �~
<br /> . ti, shali pay these obligatiom in the manner providcd in paragraph 2,or if not paid in that manncr.Borrower�hail pay thOm on., �
<br />` _ . time directly to the perxon owcd paymcnt. Borrowcr shall promptly furnish to Lendrr all notices of amounts to be paid undcr
<br /> •� � this para�raph. If Borrowcr mukes theu:paymcnt�dirccdy, Bormwer xhull promptly furnish to Lendcr reccipts cvidencing �_•
<br /> the payments. "��=
<br /> 8ormwer shall promptly discharge any licn which ha+priority ovrr this Security In�trument unless Borrower;(u)agrees
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<br /> - in writing to the payment of t(m obligation serurcd by the lien in u manner ucceptahle to Lcnder:lb)contests in good Frith thc �.
<br /> ��'��''�+� � li:.n by,or defcnds ugainst enforcement of thc licn in,legal prcxceding�which in thc Lender's opinion operatc to prevent thc �,';_
<br /> �" enforcement of the lien;or(c)secures from thc holdcr c�f the licn an ugrccment xatisf'actory to I.ender subordinating the lien ��'�'
<br /> '�'''"� to this Security Inswmcnt. If Lcndcr dctermmes thut uny p:�n of the Pmprrty is subjcct to a lien which may attain priority ���`
<br />: r_ �•° � over this Security Instrument.Lcndcr may givc Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or take u�`
<br /> �"'�� one or more of the actiom set forth abovc within!U ds►ys of thc giving of notice.
<br /> • 5. Hazard or Property Insur�nce. Borcowrr shall kcep the impnn�cmcnts nuw exititing on c�rcafte�crectrd on the
<br /> ' Propeny insured Against loss by fire,hsuardti included within the trrtn"extrnded covrragc"and any othrr ha-r.ards,including f
<br />•t ; floods or Aoociing, for whic:h Lendrr reyuires insurance. Thiti insurancc tihall lx maintained in the umountx und f'or the
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