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<br /> .���` , , ��'� TOCiB'Y'HER W1TH up tho improvementa now or herenfter erected on the prapeny,a�`�i►d&ll casemente,apputtent�ttcea, __-___-_.___
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<br />-. �•a�:� �:,r and fizturea naw or hereafter a part of the pmperry. All replacementa tind uddidona ahall alsa be covered by thls Security R ,�____
<br /> ' � '''"'' ° `'�' Instcument. All of the faregoing la referred to!n thia Security Instcument as the"Property." ----�
<br /> �'^"-'°�''�•°"�� 80RROW8R COVkNANTS thnt Aoanaer ia lnwfuUy seised of the estate hcreby convcyed und has the rlght to grant ���''�--_ �
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<br /> •, and convey the Praperty nnd that the Property is unencumbered,except for encumbmnceR of record. Borrawer wacrants and �r
<br /> � --•� ' wlU dcfcnd gcneculty the tldc W the ProptRy n�t►inst all cinims and demands,Rubject to any encumbrances of record. '*�t����-
<br /> `�`� �` � � ��i THl3 SECURITY INSTRUM�NT combineA unifarm covenant� for natlonal use and nan-uniform cavenanu+ with �:��'_`T''•`"�"—
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<br /> . . limited vuriations by jurisdictian to constitute a uniform secudty insuument covedng real property. ..,.�,.;�,�:-�,�-.--___ _-
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<br /> ' - " °' UNIFORM COV6NANTS. Borrower and Lender covenunt and agree a+foAowR: >-.��,�•
<br /> �,.> ,. 1. Payment of Principal end interesti�'epayment and Late t;harges. Borrower shall promptly pay when due the � �`�'�.�����?...-
<br /> principsl of und Interest on the debt evldenced by thc Notc und any poepayment nnd late churges due undcr the Notc. . ?�?��%��,
<br /> ' � 2. FYtnds for�ces end Ipsurance. Subject to applicable law or to a written waiver by Lender.Borrower shall pay to . .,:r,_�,.,_-.._
<br /> � � Lender on tho dey monthly payments am due under the Nate,unQi thc Note is paid in fuil,a sum("Funda") for:(a)yeariy � �� • _r.,.4;�;;,�.=
<br /> ��� • taxes and assessments whtch may attaln prlodty over this Secudty ln4uument ag n Ilen on the Property;(b)yearly leasehold •. . . .
<br /> , � � payments or ground mnG4 on the Property. if uny; tc) yearly hezard or propecry insurance pmmiums; (d) yearly flood `,r�� •:, �U�� �_
<br /> insuronce pmmiums, if uny; (e)yenrly mortgage insurance premiums.if uny: and (� uny aums payable by Borrower ta '. �'; ��;,-�`.; � -
<br /> Lender,In uccordance with the provisions of para�aph 8.in Ileu of the payment of mortgage Insumnce premiums. These
<br /> items are cnlled"Escrow Items:' I..ender may.at any ttme,collect and hold Funds tn an amaunt not to exceed the maximum •�:,,t.� .
<br /> amount a lender for a federally releted mortgAge toam m�y requtre for Borrowcr's escrow accaunt under the federal Reul .-• , .
<br /> � Estate Setdement Pcoccdures Acl of 197A as amended from time ta tirne,l2 U.S.C.§2601 et seg.("RESPA"),unless another _ ��=►�-`�•-
<br /> � •�� ' � <<. law that appties to the Funds secs u less�r au�uunt. If��,i.aader may.at any tfine,co!lect and hold Fands in en amnunt not to ,_ _ — •i
<br /> exceed the lesser amount. Lender may estlmate the amount of Funds due on the basis of current data and reasonable ' 1�_.�•�,,:�.�•��
<br /> estimates of expenditurcs af future Escraw Items or otherwise in accordance wtth applleable luw. f-'�;.'_.-
<br /> �� Thc Funds shall be heid !n an i�istitution whose deposits um Insured by a federnl ugency. imtrumentulity. or entfty ,� �_}.. , „
<br /> " (includin�L.ender,if Lender is such on lnstitution)or In any Federa�Home l.oan Ba�k. I.ender shaU�pply the FUnds to pay �r �. .-,.;
<br /> - the Escrow Items. Lender may not cher�c Barrower for holding and epplying thc Funds,unnuully analyzing the escrow , . ,..,
<br /> account, or verifying the Escrow ltems,unless Lender puys Borrawer interest on the Funds and applIcable law permlts ��Y�,
<br /> • " I.ender to make such a charge. Howevcr. Lender may require Borrowcr to pay a onc-time churge for an independent mal �, '�_�
<br /> estate tax mporting servtce used by I.ender in connection with this loan,uniess applicublc!uw provides othenvise. Unless an ��
<br /> '�` ugreement is made or applicablc law requires intcrest to be paid,Lender shull not bc mquired ta pay Borcowcr nny interest or . �•,��_
<br /> eamin�s on the Funds. Borrowcr und L.endcr may ugree in writin$,however,thut interest shall be paid on thc Funds. Lender �,�.�,'�•=��,.
<br /> � shall give to 9orrower,without charge,an annual accountin�of the Funds,showin�credits und debIts to the Funds and the � S .,...
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<br /> -°-- - purpase tor whuh cach debit to the}�und.wu�ma�Ic. Tii�['unds arc plcdgcd as additianal::ecurity for all sums�cumd My T-- .,�.
<br /> this Security Instrument.
<br /> If the Ftindc held by Lender exceed the amounts permitted to be held by appiicable luw. Lender shall nccount to :�� �;. ,
<br /> � Horrower for the excess Funds in accordance with the requ�mments of applicable luw. If the nmount of thc Funds held by . ; „ •' �� �
<br /> Lendcr ut nny time is not sufficicnt to pay thc Escrow Items when duc,Lender may so notify Borrower in writing,and,in ,
<br /> such case Borrower shall puy to Lender the amount necessary to muke up the deficiency. Borrower +hall make up the �� �,:
<br /> � deficiency in no more thun twelve montmy paymentx,uc Lender'.,air�tiauctivu. = . ;��,.�
<br /> Upon payment in full of all wms secured by this Security Instrumen6 Lender shull pramptly refund to Horrower any ,f ••
<br /> Funds held by Lendcr. If,under purn�;raph 2l,Lender shull ucyuirc or scll the Property,Lender, priar to the acyuisition or ..���
<br /> , sale of thc Propeny, shall apply uny Funds hcld by Lendcr at thc timc af ucquisition or calc as a credit aguinst the sums
<br /> � secured by this Security Instrument, �� .�
<br /> 3. Appltcation of Payments. Unless upplicuble luw provide�ntherwi+e, all puyments received by Lender under . �� :.
<br /> ; puragraphs 1 and 2 shall be upplicd:�nt,to uny prepuyment charges due undcr thc Notc;+econd,ta amounts payable under . ;,';;.�
<br /> pnragraph 2;third,to interetit duc;faurth,to principul due;und lust,tn uny late churgcs due under the Nate. ` ���
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<br /> 4. Charges; Ltens. Barrowcr shull puy uli tuxc�, u.tixestiments, ch;►rgc+, finex und impositions uttributable to the � �
<br /> Property which may+�uain priority ovcr this Security lnxtrument,and Icaschold puyments or ground rents,if any. Borrower y`4t �
<br /> shall puv these obligationx in the nwnncr provided in paragruph 2,or if not paid in that munner,Borrower+hall pay them on
<br /> time direcdy to the penon owed puyment. Borrower shall promptly furnixh to Lender ull noticcs of umounts to be puid w�der r .
<br /> this paragruph. If Borrower mnkex these payments directly,Bormwer shall promptly furnish to Lender mceipts evidencing i �•
<br /> the payments. �
<br /> Borrower shull promptly dischurge uny licn which has priority e�ver this Security Instrument unletix Borrower:(u>agrees i _
<br /> in writin�to the payment af the o6ligation+ecured by the lien in n munner acceptable to Lender:tb)contests in gnod faith the
<br /> lien by,or defends against enfcxcement of thc licn in,Icgal prareeJing�which in the Lendcr:opinion operate to prevent the �
<br /> enfoncement of the lien;or(c)cecure+ from thc haldcr of the lien an ugrecment sutisfuctory to Lendcr xubordinuting the lien
<br /> ° to this Security Insuument. it Lender determines thut uny part of the f'ropeny is.ubject to u lien which may uttain priority i
<br /> over this Security lnstrument,I.ender rnay gi�e Borrowcr u notice identifying thc lien. Borrower shall satisfy the lien nr take �
<br /> one or more of the uctions sct furth abcwe within 10 days of the�iving of natice. �
<br /> 5. Hezard or Property Insurance. Borrower shall keep thc improvcmcnts now exi.ting or hercuRer erected on the
<br /> Property insumd a�ainst loxs by�rc,hu�urds included within the tern�"extended cuvrragr"und uny oihcr huzurds,including
<br /> ` floads or flooding. for which Lender rcyuirc. insurunrc. Thi.insurunce+hull he maintained in the arm�unts und fvr the
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