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<br /> -_ TaCiE'�HBR Wl'IN all tho improvenients now or I�ereaRar crectcd on tlte pro�crty,and nll easemente,eppurtenanccs,
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<br /> and fiatures now or hercnfcer n pari of tLe piu�;�ty. Ail rpirc:.racnts c�rrtd addidan°.ehJ!Esleo ba cuvered by thls ecn ty - �•
<br /> Instn�men� AU af the foregoing is afcrred to in thf e Security Instrun�ent as the"Property."
<br /> ' �ORROWER COVENANTS that Burrower ls lawfully sei�ed af the estate hercby conveyed und hna tha rlght w griutt
<br /> _ _-_ and convey the Property and thnt the Proparty ls unencumbered.except for encumbrancea of record. Sorrower wanants and _
<br /> �—�— --
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<br /> _ _ wlll defend genernlly the dtle to the PropeRy against all claims and demnnds,�subject to sny encumbrMcea o reco
<br /> - THIS SECURITY INSTRUMENT combiaes ualform covenunts for nudonat use and �to�i-unlfosm wvenants w11d �
<br /> •���� i�Lmite�variatIons by jurisdletion to consdtuta a uniform secudry insaument covering real pmpaty.
<br />- �r � UNIFORM COVENANTS. Bomower and Lender coverrant nnd ugree ex foUowa:
<br /> l. Prnyme�t of Prtudpnl and Interes�Prepayment and Late Chttges. Boaower shall promptly pay when due the
<br /> • princtpal of and lnterest on the debt evidenced by the Note und any prepaymcnt und late charges due under the Note.
<br /> 2. �a[or 1�txes and Iasurs�uc� Subject to appliatble law or to e wdtten weiver by Ixnder,Hocrower shaU pay to
<br /> L,ender on the day monthly puyments ae due under ihe Note,until the Note is paid in full,a swn("�nds")for.(e)yearly
<br /> � taxes and assessments which may attain prlorlty over this Securlty Iastcument as a lien on the P�+nperty:(b)Yearly leasehold
<br /> � paymcnts or ground rents on ttte Property.if any; (c)yc,�uly hazard or pmperty tnAUrance premiums: (d) yearly flood
<br /> y iasurance premiums. if any; (e) yeurly mortgage insw�r►ce premtums, if any;and(�any auma payablo by Borrower to
<br /> �� ' ,;�'�,' Lender.in accordance with ehe pmvisions af paragraph 8. in Iteu of thepayment of raortgage insuraace premiums. These
<br /> � � items c�re called"Escrow Items" T..ender may,at any time.collect and hold Funds in an amount not to exceed the max[mum
<br /> �t ...�,n:.:; cut►ount a lender far a federally related mortgage loan may require for Borrower s escrow account under the federal Reat
<br /> :►�.�.w�,s:i r:.. q•
<br /> { Estate Settlement Procedures Act of 1974 as amended from flme to t�me, 12 U.S.C.$2601 et se ("RFSPA"),unl�ss ano er
<br /> ..1;...a ...':�:.
<br /> }:.;%•� •' .i law that appltes to the Plinds sets a lesser amount. If so,t.ender may.at any tlme,colfect and hald Flu�ds In an amouut not to � - --.
<br /> _- ° - - �- cz;,icd i�s� icsscr�usoant. Ixnder�nay estf4nate U��• e.,�,�n� o� Fund�d�e �n the t�sis of cutreat data end m.asonable _
<br /> • ' " y `''�{` esdtnates of expenditures of future Fsctnw Items or othenvise in accordance with appl[cnbl.:law.
<br /> � . Thc Funds shall be held in an institudon whose deposits are Insured by a federal agency,instrumentality,or entity _ __
<br /> r� �, (including Lender,lf L.ender is such att inadtution)or in ony Federal Home Loan Bank. I.ender shall apply ihe Fuads to pay _
<br /> the Escrow Items. I.ender may not cherge Boaower for holding und applyins the Funds,nnnually analyzin�the escrow ____
<br /> -- ,. account, or ver�fying the Escrow Items,unle�s Lender pays Borrower Interest on the Funds and app]icable law permits ----�
<br /> �' I.ender to make such a charge. However, L en der may requ ire Borrowe r t o p a y a o n e-d mr c h e r g e f o r a n i n de p endent real -<__
<br /> estate tax reporting servIce used by Lender in connection with thia loan,unless applicable law provldes atherwise. Unless an �'�
<br /> ,' , °. �• agreement ts made or oppltcable law requires interest to be paid.Lender shall not be required to pay Horrower any interest or �.°=��
<br /> : , g ee
<br /> ' eamtngs on the FLnds. Horrower and I.ender may a�rec in wddng,however,that interest shall be paid on thc Funda. Lender �- _
<br /> " " shall ve to Borrower,without char e,an onnual accounting of the�unds,showing credits and debits to the Funds and the �
<br /> - ° -- F'�T�for which each debit to the Funds was made. The Funds are pledged as additional securlry for all sums secured by � ��` ,,.,
<br /> • I thls Secudty Insuument. ' 1
<br /> If the Funds held by L.ender exceed the amounts permttted to be held by applicable luw. Lendcr shall account to ��'�'"°��
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<br /> � " Borrower for the excess Funds in accordance with the requiremen�s of applicable law. If the amount of the Funds held by . �--
<br /> I.ender at any time is not sufficicnt to pny the Escrow Items when due. I.ender may sa notify Borrower in wdting.end.in ��t°='=
<br /> . such eace Borrower shall puy to L,ender the amount nececu►ry to muke up the deficiency. Borrower sha11 malce up the _ �='_,
<br /> ' " deficiency in no more than twelve monthly puyments,at Lender's sole discretion. '�'
<br /> ' • .�� e � 1 I...�hio C��uritv lnctmment I.rn�r chnli nmm tiv refund to Borrower anv
<br /> :� � , Upon payment in fu.�;,.at.sL::�s��::m�.., ___.. .. , . P . --= =
<br /> ' I Funds held by Lender. If.under para�rnph 21,Lender shall acquire or sell the Propeny,Lender,prior to the acquisidon or � �
<br /> , • � sale of the Property.shall apply any Funds held by Lcnder at the time of acquisition or sale as a credit agalnst the sums .,
<br /> . secured by this Securiry Instrument.
<br /> � 3. Applicadon of Payments. Unless applicablc luw providcs atherwise, all pnymcnts received by Lender under
<br /> ' • para�raphs 1 and 2 shap be applicd:first.to uny prcpayment churges due under the Note:second,to amounts payable under
<br /> j � ' • paragraph 2;thlyd,to intemst due;faurth,to principul due;and lust,to any lutc charges due under the Note.
<br /> , � 4. Charges; Liens. Barrower shal! pay ull tnxes,a.,sessments, chargex, finec and impositions utuibutable to the
<br /> ' Property which muy uttain priority over this Securiry Instrument,and leusehold payments or ground ren4c,if any. Borrower
<br /> . � shall pay these ubligations in the manncr provided in p�uu�rnph 2,or if not paid in that mnnncr,Borrowtr shall pay them on .
<br /> timc dimctly to the person owed payment. Borrowcr shall prompdy fumish to l.endcr ull notices of umounts to be paid under
<br /> -� j this paragraph. Ii Horrower makes these puyments dimctly,Bom>wer shuii prompiiy fumi,h tu i.eudc��eccipts evidencing
<br /> � the paymenG�.
<br /> � Born►wer,t�ull prompdy dixcharge anp iicn«•hfch has priority o�er this Secarity[nstrument unletis B�ROwer.(a)agree�
<br /> � in writin�to the payment of the obligation secumd by the lien in a munncr acceptable to Lender;(b>contests in gaoci faith the
<br /> , . . : tien by,or defends against enforcement of the lien in.legul proceedingti which in the Lender's opinion operate eo prevent the
<br /> � � enforcement of the lien:or tc)tiecure+from the holder af thc licn an agreement satisfuctory to Lender subordinating the lien
<br /> to this Securiry Instrument. If Lender determines thut any pan af thc P�operty is tiubject ta u licn which may atmin priority
<br /> over this Security Inswment.Lender may give Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or takc
<br /> „ I one or mom of the actions set fonh above within 10 days of the giving of notice.
<br /> S. Heztird or Properiy Insurance. Borrowcr,huil keep thc improvements now exi+ting on c�mafter erected on the
<br /> Property insumd ugainst loss by firc,hazard,included within the term"extcnded covcrage"und any othcr h:�ards, including
<br /> � tloods or flooding, for which Lender rcquircs insurume. This insurunce shall be maintained in the amounts nnd for the
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