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<br /> TCt(t8TH6R WITH all the improvemcnta now or t�ere�f'ter created on ttw proPemY�end all easementa�appiettcnauiccs.
<br /> and tisturea now or hercs�fter x part of the property. All replaacmente and addISlone shail also be covered by thie Security
<br /> Inac�umcnt A!!af the fo�egoing la refccred w In thie Secudty Insnument as the"Property." •
<br /> �- _ - _ —� B4RFtOW�lt COVENMITS that Honrower Is!t►wtUUY setssd of tho esuue bece�y conveyed And hae the dght to grant
<br /> __ _— snd convey tho Property and that the Property Is unoncurabered.except for encumbrences of record. Bam,wer warrants aad �_
<br /> will defend generally tha tide to tue Pi+npeity against all claims aad demands.subject to any eneumbrancxs of rocord.
<br /> THIS 3ECURITY INSIRUMBI�T combines uniform covenants for rtational use aad non-uniform covenauts with
<br /> ljmited varluHons by Jurlsdicdon to conatitute o�+n�form secudty instrument coveriag real property.
<br /> UIVIFORM COVENANTS. Borrower and I.ender covenent and ag�ee�s foliowa:
<br /> ' 1. P�yment oi Pelndpkl aad Interes4;Prepayment ond Late Cbarges. Borrower ahall pmmptly pay when due the
<br /> princIpal of and interest on the debt evidenced by ths Note and any prepayment aad lasa chargea due under the Note.
<br />;,;1 2. Funds for 7�xes and Ir�urance. Subject tn appllcable iaw or W a wdtten wuiver by I.ender,Horrowa shall pay W
<br />_��. i.ender on the day moathly payments ar�e due attder the Note.untll tha Note is paid in full,a swn("Funda")for.(a)yeazly
<br /> .� taues and assessments whlch may attain priodry over Wis SecurIty Instaunent es a Iten oa the Propeny:(b)Yearly teasehold
<br /> - payments or �ouud renta on the Property, if any: (a) Yearly hez�u+d or pmperty insurance premiums: (d) Yeady tlood
<br /> � insurauce premiums, if aay;(e)yeacly mortga�e insuranee p�miuma, if any; and(�any suma payable by Horrower w
<br /> L.ender.in accordance with the pmvisiona of paragraph 8.in Iteu of thepayment of mortgage insurance premiums. These
<br /> items arc caUed"Fscrow Items." I.ender may.at any time,collect and hold PUnds In an amount not ro exceed tl�a maximum
<br /> amaunt a lender for a federally rclatcd mortgage loan may require for Batrowers escrow account under the federal Real
<br /> '''•� Er�ate Settlem��nt•Procedures Act of 1974 as amended from dme to time,12 U.S.C.�2b01 et seq.("RESPA").unless anather
<br /> - �$?��� �� law thcu appUea to the tlunds sets a Iesser amoun[. 1f so.Ixnder may.at nuy W�►a.eoli�.t artd haid I�mc3s in an ama�sst aot!o �-
<br /> ��� ;;?'�'� , exceed the lesser amount. Lender may estimate the amount of Funds due on the basis of cwrent data and reasonable
<br /> '``' �,�.�` .;� estlmates of expenditures of future Escrow Items or otherwise in accordance wIth applicable lew.
<br /> �= The Punda shall bo held in an institution whose deposits are insured by a federal �gency, instrumentality.or endry
<br /> ;:-�� � �':�`�� kr•%�y (fncludin g Lender.if I.ender is such an institudo»)or in any Fedeml Home Laan Bank. Lender ahall apply the Fuads to pay __
<br /> ���`'� � . `•�r4��� �= the�.scrow Items. L.ender ma not charge Borrower for holding and applyin�the flinds,a�uaily analyzing the escrow
<br /> ''�'�;�...• :..� Y
<br /> .�;,�Y'�;y+1;�;,.;::n;1,��,�- accoun t,or ve d fy i n g t h e E s c m w I t e m s,u n l e s s L e n d e r p a y a B o r r o w e r i n t e r est on the Funds and u p plicable !aw p ermi�5
<br /> ,.,. , I.ender w make such a charge. However,Lender may mquire Borrower to pay a one-time ch�rge far an independent real
<br /> `%•_�t'`" -r��� " �� eawte tau rcporting s�rvice used by 1.endcr in connection with thix loan,unleas appitcublc law provldes otherwi�e. Unless nn �-�-.
<br /> " • " ag�eement!x mnde or applicabte!nw requires interest ta bc paid,Lender shpll not be required to pny Borrowcr any Inte�ext or `__
<br /> � ' eArnings on the Funds. Borrowcr and Lender muy ugrce In writfng.howevcr.that interest ahull bc pafd on the Funds. Lendcr
<br /> T - ,;'� - ,° '' .- sha!!g3ic to Sarsawer,wf!lsoui elusrge,an ann+�al azronnling�f the FundK,whowing credits nnd debits ro the FLndx und the ��"�
<br /> �� . purpo«for which euch debit to the�nds wax made. Tha FLndg ure pledged uti additionul security fur all aums secured by ��,.;,
<br /> • , .. . this Security InRtrument. :�y
<br /> ' If the Fundc held by Lender excced the umounts permItted to bc held by applicable law, Lender Rhall account to ��'`•
<br /> � � -- Borrawer for the excess Funds in nccordance with the requirements of npplicable law. If the nmount of the Funds held by _ ���-
<br /> Lender at any dme is nut sufficicnt to pay the Escrow Items when due,I.ender may so nottfy Borrowcr in writing,and,in �;.-_�'
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<br /> .. .�� such case Borrower shall pay to Lender the amount necessury to muke up the deficlency. Borrower shull make up the ���
<br /> � . � � � deficiency in no more than twelve monthly puymcnts,at txnaers solc d�screuan. - �
<br /> � , Upon payment in full of ull sums secured by this Security Instrument.L.ender�haii prompdy refund to Borrower any •
<br /> Funds held by Lender. If,under para�raph 21,Lender shall acquire or sell the Property,Lender,pdor to the acquisition or
<br /> � sale of the Property,shall apply nny Flinds held by Lender at the ttme of acquisitian or sale as a credit a�ainst the sums
<br /> 4 � . secured by thIs Securlry Instrument.
<br /> 3. App1(caHon of Payments. Unless upplicable law provides othenvise,all peyments received by Lender under
<br /> ; • paragraphs 1 and 2 shalt be applied:Grst,to any prepayment charges due under the Note;second,to amounts payable under
<br /> � , para�raph 2;third,to interest due;faurth,to principnl due;and lavt,to any late charges due under the Note.
<br /> • ., 4. Charges; Ltens. Borrowcr shall pay ull tuxes, assessments, charges. Gnes and Impositions attributable to the
<br /> � Property wh[ch may attuin priority over this Securlty Insuument,and lensehold payments or ground rents,if any. Borrower
<br /> i "" � shall pay these obliRat�ons in the mnnner provided in parngruph 2,or if not paid in that manner.Borrower shall pay them on .
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<br /> � �� time directly to the person owed puyment. Bocrower shall promptly fumish to Lender ull notices of amounGs to be paid under
<br /> � •• , this para�raph. If Borrower makes these payments directly,Borrower shall promptly fumish to Lender mceipts evidencing �
<br /> the payments. •
<br /> Borrower shall promptly discharge any lien which hus priority over this Security Instrument unles5 Borrower.(a)agrees
<br /> in wdiing to the puyment uf the obligution secured by the lien in a munner acceptable ta Lender;(b)contests in good faith the ,
<br /> ' • � lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> � . enforcement of the lien;or(c) secums from the holder of the lien an agreement satisfactory to Lender subordinuting the lien
<br /> . • to this Securlty Instrument. if Lender determines thut any part of the Property is subject to a licn which may ottaln prior�ty
<br /> '� � • over this Security Instrument,Lender may give Borrower n notice identifying the lien. Borrower sh�ll satisfy the lien or take
<br /> one or more of the nctions set forth nbove within 10 duys of the giving of notice. •
<br /> ' S. Haxard or Property Insurance. Borrowcr shall kcep the improvcments now cxisting or hercafter erected on the
<br /> � Property insumd ugainst loss by fire,h;iz:u�ds included wtthin the term"extended coverpge"and uny other huzards,including
<br /> floods or flooding, for which Lender cequims insurnnce. Tbi� in.urance shull be maintained in the amounts and for the
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