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<br /> � � r� TU(}ETHER W6TH all tho ImpravcmenGa no�v or her�ntter emcted on thc pmperty,nnd ali on�ementx.nppurtenunaea. _
<br /> -' cnd tlaturea naw or herc�fter u purt of tho pmperty. Ali replucement�artd ndditianR shull nlso b�covered by thin Securlty =
<br /> _. ' �'�' Ingtrument. Alt of the foregoing is�femed to ln thfa Sccurity InRwment an the"Pro�rty."
<br /> ih,.� BORItOWBR CUVBNANTS that Borrawcr is lowfully nciecd af thc cstutc heteby canvoyed nnd hna thc dght to gautt
<br /> ---'�1��°' and convoy tho Proparty m�d that tite Frupe�ty ln unencumtsetcd�exccpt far encumbraneta of rec4rd. Bonowec wartanta and _ __ __ ._
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<br />^ � '"�4G''-_,:`°: �vilt defend gcnernlly tde�ltle to fhe Property nBainst alt ctnimw anJ demnndx,aubject ta nny cncumbrancca of oecoM. ==--
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<br /> TH[S SF..CURITY INSTRUMBNT cambinea uniform covenant� for nuQanal uAe and non-uniform covennnts wlth
<br />_ � �;�`�� - 1lmited varlationa by judsdicUan to conRtitute u uniform�ecurity insaument covedng c+enl property. a°-=--
<br /> ;�'''•"" ``�'��'• UNIFORM COVBNANTS. Borrower and Lender covenunt und ug[co a.g fallowa: n��
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<br /> '�' ��� 1. Payment of PMacIpAl Qnd IntereRti�PAyment and Late ChArgav. Borrower ehall pramptly pay when due the �,%,:
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<br /> �ti•�,��' pdncip�l of und interest on the debt evidenced by the Note and any ptepayment and late churgea due under the Note. � •;;��y��
<br /> '��'' ''°�`" ' '"h`��` 2. �tnda tor't�tes pnd Iasurance. Subject to applicablo law or to u written waiver by I.ender,Borrower shall pay to ' :"�,t��-:_-__
<br /> ��"-,•�� �� �• •'��:�� Ixnder on the day manthly paymentR nns duo undcr thc Nate,untit the Note is paid ia fuli,a sum("Funda")far: (a>yeArty t'' ., �i� _
<br /> '�'"�•'�L�'"'� '`•`' texes and asreasmenta which muy at t a in p t ia r ity aver t h fs Secu dty Inauumen t as a l ien o n t h e P ro p e r c y:(b)y e a r l y l e a x e h o l d . __
<br /> �`�`� � ` ' � paymenta or ground ren�g on the Property. i f any; (c) yearly hazerd or property insurance premiuma; (d) yearly flood ••�:_-===-�
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<br /> , lnswance premiums, if any:(e) yesuly mortguge insurance pmmiums, if any;and (�uny sums payable by Bormwer to �.���-------
<br /> �� '' Lender,in acwrd�nce with the provisions of puragraph 8,in licu of the payment of mongage insurnnce premtums. These '•.�a�,w- -�-----
<br /> �� �� ' :,�,�„�t=�pi�+?Y..
<br /> • items are calted"Bscrow Item�" Lender muy,nt nny time,collect und hold Fundc in an amount not to exceed the maximum �,:;x___
<br /> � � amount a Icnder for a federally related mnrtguge loart may requim for Borrowerk escrow account under the federal Real .,1n_�
<br /> �- ` - . � - E.gt�te Settlement Procedutes Act of 1974 as amended from time to time,12 U.S.C.�2601 et seq.("RESPA").unless another . _
<br /> y ' � law that applies to the Ii�nds sets a lesser omount. If so,Lcnder may,at Any time,coflect und hold Funds in an amount not to ��� ' '�---
<br /> . _------=---^_- �.,.:.�— _
<br /> 1 exceed the lesser smount Lender may estimate the amount of Funds due on the besix oi current data and reasonable � ,; ' ,
<br /> • � esdmatea of expenditures of future Escrow Items or otherwise in nccordance with applicable lnw. � --_�.
<br /> The Funds shal! be held in an lnstitution whose deposl�s ure insumd by a federnl ugency, instrumentulity,or entity ��'"'`._-
<br /> ' (incind{ng L.ender.if Lcnder is euch an institution)or in sny Federal Home Loan Bank. Lender chall apply the Funds to pay •• `_'°�
<br /> ' - the Escrow Items. Lender may not churge Borrower for holding und applying the Funds, annually analyzing the escrow .. :�;;�y=
<br /> � " � account,or verifying the 8scmw Items, unless l.ender pays Borrowcr interext on the Funds and applicablc law permiGs -= _
<br /> . ��� Lender to meke guch a chargo. However,L.ender muy require Borrawer to puy u ane-time churge for nn independent real ''���""`=
<br /> estate tax reponin�service used by Lender la cannecdon with this loan.unless upplicuble law provides othcrwise. Unless an "' �,+�-
<br /> . agreement js made or opplicable law mquires interest to be p�id,Lendcr shall not bc required to pay Borrower any interest or •i�:___„
<br /> . eamingx on the Funds. Borrower and l.ender may agree in wrlting.hnwever,that intemst shull be paid on the Funds. Lendcr . �� ,-
<br /> " shell�ive to Borrower,without charge,nn annual accounting of the Funds,showfng credits and debits to the Funds und the . �� �
<br /> --- purpose for which euch dcbit tn thr Fund,wu��iisJe. The Punds arc ptcdgcd as addition�l:xcudiy for a!!sums �c!�md by --
<br /> ' this Securiry Insuument. �
<br /> , 1f the Ft�nds hetd by I.ender exceed the amounts permitted to be held by npplicable law. Lender shull account to ;� '
<br /> � � Borrower for the excess Funds in accordance with the requirements of applicable Isw. If the amount of the Funds held by , ,. �
<br /> � � Lender at any time js not sufficient to pay the Escrow Items when due, Lender mny so notify Borrower in writin�,und,in � �`�
<br /> such case Borrower shull puy to Lender the amount necessary to muke up the deticiency. Borrower shall make up the
<br /> '..-.--..-.._ �iPfioiPncv in no more than tweive monthlv puvments,at l.ender's sole discretton. ' °' "
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<br /> • Upon puyment in full of ull tums securcd by this Securlty Instrument, Lender shnll promptly refund to Horrower any '�'���
<br /> ', ' . �� Funds held by Lendcr. If,under parngrsph 21,i.endcr shuU ucquire or scll the Property,Lendcr,prior to the acqutsftion or �.e`
<br /> , sule of the Properry. shall upply any Funds held by Lender ut the time of acquisition or sale ac u credit aQuinst the sums
<br /> secured by this Securlty Instrument �'� •
<br /> ° . 3. Appltcatlon of Payments. Unless upplicable law provides otherwise,ull payments received by I.ender under
<br /> ptuugraphs 1 und 2 shult be applied:fint,to any pmpuyment churges due undcr thc Notc;second,to umoun4s p�yable under � • . '
<br /> paragcaph 2;third,to interest due;fourth,to principal due;and last,to any lute charges due under the Note. i� +'����
<br /> 4. Charges; I.lens. Borrower shnll pay nll tnxes, atisessments, chargcs,fines und impositions attributable to the ����
<br /> Property which muy attuin priority over this Security Insuument,and leaschold payments or ground rents,if uny. Borrower ,".r.i , �
<br /> shell pay these ohligations in thc manncr provided in parugraph 2,or if not paid in thut manner,Borrower xhall puy�iem on . ,�
<br /> time directly to the person awed payment. Bormwer.hnil promptly furnish to LenJcr ull notices of amounts to Ik paid under _ ._ :. f�.'
<br /> ; tbis pnragraph. If Borcower makes these payments direcdy,Borrowcr tihull pmmpdy furnitih to Lendcr rcceipts evidencing � '"
<br /> , �. the payments. , • '-
<br /> • Borrower shull promptly dischurgc any lien which huti priority over this Security In+trument unle�s Barrower:(u)agmes :�;
<br /> in writing to the payment of the obligution�ecured by the lien in a munner acceptuhle to Lender:(b)contests in gond fuith the �.
<br /> lien by,or defcnds against enforcement of thc lien in,legul prcxcedings which in thc Lcnder's opinion operatc to pmvent the •�x
<br /> enforcement of the lien; or(c)secures from the holder of the licn un agreement.rati�fartory to Lender subordinating the lien �
<br /> to this Security Insuument. If Lender detcrmincs thut uny pan of thc Praperty is cuhject to u lien whirh may uttnin priority i
<br /> -- over this Security Inswment,Lender may give Borrower a notice identifying the licn. Borrower shall satisfy the lien or talce
<br /> . one or mom of the actions sct forth above within 10 dayc af the giving of notice. � .,
<br /> S. Hazard or Praperty Insurance. Borrower shull keep the improvemcnts now existing ar hereafter erected on the ,
<br /> • Property insured against loss by Cre,h:�ards included within the term"extended coveruge"and uny othcr h:uurd�,including '
<br /> floods or ilooding, for which Lender require+ insurance. This intiurance sh•rll tx maintuined in the umounts :u�J fnr the �
<br /> Form J021i 9N0 rlx,Rr:u/n/a,ges)
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