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<br /> - TOOBTHBR W1TH aU the improvcment�now ar her�eafter erected on tho praperty.an�1 ea�,'�lf+f,l�6�t�enunces, �
<br /> - ond flxtures now or hereafler u prut of tho property. All replacements and addltlona shAll a1FO bo covered by thiA Secvrity
<br /> -------�-- lnstrument. All 04 ehe foregoing ia r�fcrred to in thix Seeuriry Inatcument as tha"Propert,y."
<br /> BORROWBR tAVBNANTS that Bonowcr ix lawflilly seised of the eatuto horeby Canvoyed und has the dght to grant
<br /> __ - - and cor►vey the Property and that the Property is uaeacumbered.except for encumbrances af record, f3ormwer wurrnnte and _ ___
<br /> - will defertd generalTy the ddo to the Property agninst alt cinime nnd demanda.subJect to any encumbmncea of record.
<br /> - THIS SECURITY INST[tUMENT combincs unifornt covenunts for natianal uxc nnd non-uniform covcnanuc wlth `�
<br /> ;- ------_-- Itmited vRristlona by Jurisdictton to consdtute a uelform securlty inRtrument covering m,al propecty.
<br /> � A UNIFORM COYBIVANTS. Borrower and Lender covenant and agreo as faflawa:
<br /> 1. Plnyment olPeindpal�ued Intee+est=Prepsyment pnd Lptc Chs�rges. Borro�ver shaU prompQy pay wher dua tho
<br /> �� �; p�inci ul of and inter�st on the deht evidenced by tho IVote and any prepayment and late chargcs duc under tho Note.
<br /> �;� '�;� � �uads for'11�xes And Iusurance. Subject to upplicable Isw or to a wrltten wniver by Lender.Borrowes shall pay to
<br /> � Y;;`•ti" I.ender on the day monthly payments are due under the Note.until the Nate is paid in full,a sum("Funds")for.(a)yearly __ _ . _.
<br /> .` �".;.r.° Y P �Y pe Y (b)yearly leasehold
<br /> r+��,.�,+�•., texes and asseasments which ma attuin rlority ovet this SecurI Inawcnent as a Iten on the Pro rt ;
<br /> , :i,.;t :.�..'.:� paymenta or ground rents on the Property, if any; (c) yearly hazard or property lnsuraace premiuma: (d) yearty flood -----
<br /> '" � Inaurance prcmiums.if any; (e)yearly martgese insurance ptemiuma, if any; and(� any sums payable by Borrower w
<br /> � '•'�;►'�=` _�`r' � I.ender.in accordar�ce with the pmvisions of puragraph 8.in lieu of 1he payment af mortgage insurance premiums. These —
<br /> �`, � �� • � items a�e called "Escrow Itema" Lender may.at eny time.collect and hold Phnds in nn amount not to exceed the maximum v'_:�_-�
<br /> :j„°�� �`, :�•r`''�" emount a lender for a fedecally nelated mortgage toan may require for Horrowers escrow account under the federat Real ":��``
<br /> :'.� ' � ' Estate Setticment Pnocedum.�Act of 1974 as amended from dmc to dme.12 U.S.C.�2601 et seq. ("RESPA"),uniess anothcr =
<br /> � � �j law that applies to the Funda sets a lesscr amount. If so,Lendet may,at any tlme,coilect and hold Funds in an amount not to - -_:
<br /> ��---"���_-`--''"'-�" execed �he Iesser a�nount. Lender may estimate tl�e umoum of Funcfs due uu U�r busin uf curieut dai,i w�d ieasotiabie �_,�__
<br /> �� ' � esdmates of expenditures of future Escrow Itema ar othetwise!n acwrdance wlth applicable lAw. ,,`*�:-:,,
<br /> t The Fnnds shall be hcld in an inst�tudon whose deposlts are insured by a fcderal agency.instrumentaliry. or entity
<br /> (includin Lender,if Lender is such un institution)or in nn Federal Home Laan Bank. l.cnder shall a 1 the FLnds to a ��
<br /> g Y PP Y P Y -:•_b�+'.:
<br /> " the Escrow Itema. Lender may not charge Borrawer for holding snd upplyIng the Funds,annually analyzing the escrow 3�i,:
<br /> account,or verifying the �scrow Items, unless Lender pays aortower interest on the Funds and appllcable law pertnit� � '�'``���
<br /> n " Lender to make such a charge. However. L,ender may requtre Bonower to pay a one-time charge for an lndependent c�eal `-'��F�=�
<br /> � estate tex reporting service used by Lender in cannection with this loan,unless applicable law provides othenvise. Unless an , ;;,,�"_�
<br /> . ngrecment is made or applicable law reqnires Interest to be paid,Lender shWl not be mquircd to puy Borrower any intet�est or ,
<br /> � • � . „ earninss on the Funds. Borrower and L.ender muy agree in wdting,however,that interest sh�ll be peid on thc Funds. Lender "`-
<br /> , • shall give to Borrower,without charge.an annual accounting of the FLnds.showins credits and debits to the Fund4 and the � � =�
<br /> �• purpose for which each debIt ta the Funds wss made. The Funds ure pledsed a�s addlt�onnl security for all sums secured by -�� '��-
<br /> , this Secudty Insuument.
<br /> If thc Funds hetd by L.ender exceed the amounts permitted to be held by applicable law,Lender shall account to • .
<br /> Borrower for the excess FLnds in accordance with the requirements of applicable law. If the amount of the Funds held by �:
<br /> Lender at any time is not suft3cient to pay the Escrow items when due.Lender muy so notiFy�orrower in wdting,and. in , ��''
<br /> � such case BoROwer shall pay to L.ender the amount necessary to make up the deficlency. Bocrower shall make up the ���
<br /> defictency in nu more than twelve monthly payments,at I.ender's sole dIscretion. _ _
<br /> -" - � -"' . - - Upon payment m fuU oi Wt sums secuma by tnix�ecuriry instrumen[,iendcr snaii promp�iy reiunci io norrower a�iy -_- _
<br /> Funds held by Lender. If,under parngraph 2l,Lender shall ucquire or seli the Property.Lender.prior to the acqutsition or •• ,
<br /> ' � �• ' sale of the Properry.shall apply any Funds held by Lender at the time of acquisition or wle us a credit agajnst the sums -
<br /> � secured by this Securiry Instrument. - � '
<br /> • 3. Applicetion of Payments. Unless uppiicubic law provides othenvise, atl payments received by Lender under ..
<br /> paragraphs I and 2 shn11 be applied:first,ta uny prepayment churges duc un d er t he Note:secon d,to amounts paya b le un der � -
<br /> , ' paragraph 2;third,to intemst due;fourth,to principal due:and luct,to any tatc charges due under the Note.
<br /> '. 4. Char�es; Ltens. BaROwer shal! pay ell taxes, ussessmenGs, charges, fines and impostdons atvibutable to the „ ;,
<br /> , property which may nttstin priority over this Securlty Instrument,und lcasehold payments or�round rents, if any. B�rrower • -±"
<br /> � �� shall pay thesc abli�ations in thc manner provided in paragraph 2,or if not paid in that mnnner,Borrower shall pay them on � •
<br /> � time directly to the person owed payment. Bnrrower shall promptly fumish to Lendcr all notices of umounts to be puid under .
<br /> � �� this para�ruph. ]f Sorrower makes these puyments directly,Borruwer shall promptly furnish ta Lender recetpts evidencing
<br /> . the payments.
<br /> • Borrowcr shull promptly discharge any lien which hnr prinrity over this Sccurity Instrument unless Borrower:(u)agrees
<br /> ;. �5) in wrlttn�to the payment of the obligation secured by the licn in a munner acceptuble to I.ender:!b)contests in good faith the ,
<br /> lien by,or defends against enforcement of the licn in,Icgul proceedingx which in the l.ender's opinion operete to prevent the . ,.
<br /> � enforcement of the tien;or(c)securcs from the holder of the licn un agreement satisfactory to Lender subordinuting the lien
<br /> to this Secur�ty Instrument. If Lender detemiineti thut uny purt of the Propc.ny i,subject tu a lien which may nttain priority
<br /> over this Security Instrument.i.ender may give Borrower a noticc identifying thc licn. Haaower sh�ll wtisfy the lien or take
<br /> � ., one or more of the actions set forth above within 10 days of the givin�of notice. �
<br /> ' , S. Hazard or Property Insurance. Bormwer shull keep the improvement�now existing or hercaftcr erected on the
<br /> • Properry insured a�ainst loss by fim,hazurds included within the tertn"extended coverage"und any other ha•r.ards,including
<br /> floods or tlooding. for which Lcndcr rcquires insurancc. '1'his in.r•urancc shall bc maintaincd in thc amaunts and for the
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