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<br /> ' TO(igfHBR WITH all tiio improvements now or hereuRcr err,cted on the property.and nll ec+sementa,appuRenartces,
<br /> — - tind fixture3 now oc hereatter n part of the propertyr. A1l reptac.ements and additionx shaU also ba cavemA by this Security
<br /> -�— -- Insnumen� Ail of the fonegoing is refecmd to in th�is 8ecudty Insuument ea thc"Propecty."
<br /> � BORROWER GOVENANTS that Borrower ls lawfulty setsed of tha estate henby conveyed and hns the d8ht tu Brant
<br />_ ��� and convey�tta Pruperty atid that the Pmperty ia unencumbomd.excepi foe encumbranres af record. Horrower wiurantR and _
<br />- ' wlll defend generally U►e dde to the Property sgainet all claims and dcmnnda.subject w any encum6mnce�of record,
<br />��' t THIS SECURITY INS'1'RUMENT cambiaes unlform covenants for nadonal uss and non-uniform covenants with
<br /> Iimfted variedoas by jurlsdIction to conadtute a uniform secur(ty instrument covedng real property
<br /> . UNIFORM COVENANTS. �orrower and Lender covenant and egoee as foUowa: A v�hcn due tha
<br /> .`��'�r"��;�`•.�r; l. Q,nymeat oi Prtndpal8nd Iaterest;Peepuymeat�utd Late Charges. Bomnwer sfiall pmmPUY P Y _
<br /> , �.;��►`•�, � principal of end intereat on the debt evidenced by the Note and eny prepayment and late charges due under the Not�. _
<br />- -'�.•i��;, :: ,,�;�:� 2, �uds for lpxes and Insuruace. Subject to applicable law or eo a wdtten weiver by Lender.BUtrowex shall pay to
<br /> • �'``"�`��•�'•*_�••' I.ender on the day monthly payments aro due under t�e Note.undl the Nota is pa�d i�fuli.a sum( Funds )for.(a)yearly `-_ ' � �
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<br /> ';,,i�°�,�. ; �.:;:�° taxes and eesesaments which may atwin prlority over this Security Inatcument as a lien on the Property:(b)yearly leaseho _
<br /> . � �;.. °: payments a grouad rents on the Property. if any: (c) Yenrly hazattt or pmperty insurance premiums; (d) Yearly flood
<br /> • `� • �`�° � • jnsurance premiums. if any: (e) Yearly rceortgege inauranca premlums. if eny;and(�any sums payable by Borrower ta
<br /> �` Lender,in accordance with th�provis�ons of paragreph 8.in lieu of the payment of mort$age insurance pnmiums. 'These _
<br /> +"•,�• � items ere called"Escmw Items." I.ender may.at eny time.coltect and hold Funds ia an amount not to exceed the maaimum
<br /> �: _,__. ;. ` , :.`'�. amount a lender for a federally related mortgage toan may t+equire for Borrower's escibw account under the federal Real �
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<br /> Eatate 5ettlement Procedwes Act of 1974 as amended from Qme to time. 12 U.S.C.�2601 et seq.("RFSPA"),anlexs ano er �_ __
<br /> #�=—'-----='---= law thnt a�,plies to thc t'�nds sets a lesser amount if Ro,i.ender may.at any tlme.collect and hold Flmds in an amount not to ��;,,.____
<br /> exceed che lesser arnount. L.ender may estimate the amount of �Lnds due on the basis uf current da�a and�eHaunabia �y.,--�--�•--
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<br /> j esdmetes of expenditures of future Escrow Items or otherwise in accordance wIth appllcable law. : i,.,.
<br /> The Wnds shall be held in an institudon whose deposits are insured by a federal agency,instrumentality, or entity •,,, ___
<br /> (including Lender,if Lender is such an insdtutlon)or in any Federal Home Loan Benk• Lender shall apply the PUnds to pAy `'�•'i;��-
<br /> �' tbe Escrow Item.s. I.ender may not charge Borrower for holding and applying the Funds,annuslly analycin8 tha escrow � ; •,�
<br /> ' acconnt, or ve�ifying the Escraw Items, unless Lender pays Borrower interest on the �nds and applicable law permits .�+�'�:=���,
<br /> � Lender to make such a charge. However.Lender may require Borrower to pay a one-time charge for an lndependent real , , -
<br /> estate tex reporting service used by Lender in connectIon with tt�is loan.unless applicable law provtdes othecwise. Unless an ��.a;•.,�.
<br /> � agreement ix made or applicable law requtres interest to be pa.td,I.ender shall not be reyuired to pay Borrower any intcrest or
<br /> � eernings on the Funds, Borrower and I.ender may agree in writing.however,that interest shall be paid on the Funds. Lender „'� �
<br /> ' —=---- she!!glvP�n Rnrmwer. without char�e,an annuul accounting of the Funds,showing ccedits and debits to the Funds and the _
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<br /> '., purpose far which each debit to the FUnds was made. The Funds are pledged as ad8ivanai sa:uriiy for atl sums sccured by ;�
<br /> this Secudty Insuumont. , _
<br /> ' If the Funds held by Lender exceed the umounts permitted to be held by upplicable law, Lender shall account to
<br /> Horrower for the excess Funds in accordance with the reqwrements of applicable law. If the umount of the Funds held by
<br /> � Lender at eny tirne is not sufficient to pay the�scrnw Items when due,Lender may so notify Bortower In writin$,and.in
<br /> such cnse Borro�ver shall puy to Lender the amaunt necessnry to make up the defictency. Borrower shall make up the
<br /> ' deficiency in nu nwre than twetvc manthly payments,at i.ender's sote discretion. ..
<br /> Upon payment in fuU of a11 sums secured by this Secudty Insuument,Lender shull promptly refund to Borrower any , ._�
<br /> Funds held by Lender. If,under parugraph 21,Lender shall acquire or sell the Propeny,Lender,prior to the acquisition or -�
<br /> - � snle of the Property,sh�ll apply any Funds held by Lendcr at thc time of ucquisttton or sale us a credit a�ainst the sums -
<br /> secured by this Sccuriry Instrument. �,.
<br /> � 3. Application of Payments. Unless upplicuble inw prov[des otherwise,ull puyments received by L.ender under ��
<br /> paragrnphs 1 and 2 shull be upplted:first,to nny prepayment ch�rges due under the Nate;second,to amounts pnyuble under —
<br /> . , paragrnph 2;third,to intc�est due;fourth,to principal due:und lact,to uny lute charges due under the Note. .y_�
<br /> 4. Cher�es: Gtens. Borrowcr�hull pay ull taxes,uxscssments,charges, C►nes und impositions ottributnble to the ��;:
<br /> ' propetty which muy uttoin priority over this Securlty[nstrument,and teusehold puyments or ground renG�.if any. Borrower �
<br /> " shall pay U�ese obligations in the munner provided in parngraph 2,or if twt paid in thnt manner,Bonowcr shall psy chem on ,
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<br /> time directly to che penun uwcd payment. Borrower shall prornptly furni�h t�I.ender all notices of umounts 4oJx puid under
<br /> thls purag�aph. if Borrowcr mukes thcsc puymcnts dircctly, Borrower shull promptly fumixh to Lender receipts evidencing ; , .
<br /> the payments. •
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<br /> Borrower sha11 promptly dischurge uny lien which hus priority over this Security lnxtrument unless Borrower:(a)u�nes
<br /> in writing to the payment of the cihtigation secured by the lien in u manner acceptable to Lender:(b)contests in�aod faith the
<br /> ' lien by, or defends against enforcement of thc lien in,legul praceedings which in the Lender+opinion operate to pmvent the
<br /> � enforcement of the lien;or t�)tiecures from the holder of the lien an ugreement sutisfuctory to Lender subordinuting the lien
<br /> �� to this Sccuriry Insuument. If Lendcr detcrminex that uny purt of the Property is subjcct to a lien which may attain priority
<br /> , �� ovet this Security Instrument,Lcnder may givc Borrower a noticc identifying the lien. Borrower shnll sutisfy the lien or take
<br /> one or more of the actions set forth ubove within 10 duyc of the giving af notice. �
<br /> � S. Hazard or Property Insurance. Borrowcr shall keep thc improvemcnt� now existing on c�reaftcr ecected on thc �
<br /> ' property insured against�oxx by firc,hucurds included within thc tertn "extcnded coveruge"and uny ather hazards,includin�
<br /> • tloods or flooding.for which Lender requires in.urancc. This insurunce +hall be m�intained in the umounts und for the �
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