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<br /> T04BTHLR WITfi all the improvements now on c�reafter erccted on the property,an casements,appurtenances, ____
<br /> _,• s'M_� and fixtures now or hei+eafter a part of the property. All replacementa nnd additions ehall also be covered hy tt►ia Securlty -----
<br /> ��� .... _ InattumenG AU of the foregoing is mferred to in thia Security Inauument as the"Property."
<br /> ` BORROWER COVENAIJ'fS that Borrower is lawfully seised of tl►o estete heceby conveyed and has tke d$ht to grartt
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<br /> -• and convey the Properiy and that the Property is unencumbered oxcept for encumbrances af record. Borrower wan�ants and
<br /> ��" '� wili defend generaily tho dtle to the Property against all ciatms and demanda,eubject to eny encumbrancea oP recorcl.
<br /> ' "`""'""''"' " THIS SFCURITY U�ISTRUMENT combiaes unifortn covenants for natlonal use nnA non•uniform covenants with
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<br /> �' ' 11m►ted variutiona by juriadictlon to consdtut�s uniForm secarity inam�ment covering real pr+operty.
<br /> • ' `' `"°'�` UNIFORM COVENANTS. Horrower and Lender covenant and agi+eee u�fotlowF: _
<br /> t•� � 1. P�yment oi Pdncipa!and�atee+est;Pre�tyment and Late Chwges. Borrawcr ehnll prompdy pAy whcn duo the �_�"-=
<br />" ' ' principal af und interest on the debt ovidenced by the Note and uny prepuyment nnd lute chargea duc under thc Note. R=,;,..._ _
<br /> �:�.:��'.':' . 2. Fiunds tor 7hx�r�nd In4urunce. SubJect to upplicuble law or ta a wdtten wutver by L.ender,8onower shall puy to r;:}�;;;K_
<br /> ��'•�r� '" Lender an tho day monthly paymenta ure duc under the Nate,until�he Note Ix pald in full,a xum( Funds )far:(A>ycerly .e :-:{^_
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<br /> `�.� ' toxcs and ossexKmenta whtch mu attuin riorlty over thlR Sccudt lnstrument as a lien on tho Pru n ;(b)yeuri leur�hold - -
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<br /> � ,. • paymenta ar g�ound rentx an the Prnpetty, 1f any: (c) yearty haxard or pmpeny inaurunce prcmlums; (d) yearly ftood ��•��-=__
<br /> insumnce premiumx, if nny; (c) ycarly mangage inaurance premiums. if uny; und t�uny aumA puyuble by Rorrower to '��'
<br /> r�. � � ' Lender. in uccardwue with the prov{sians af pnr�grnph S. in lieu ot the puyment af mortgage insurunce pmmtume. Ther,e �`""`�----� -�-�
<br /> " = � item�ure cailed"�kcrow Itemx." Lender muy.at ciny ume.collect and hoid Ptmds in an umount not to exceed the muximum '�''t`���=�--__�_�.
<br /> }' umouns u Icnder for u fcdcrully relnted mortguge loon may require for Borrower's escrow account under the federal Real �'*'`'=---
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<br /> „ �.�tate Setdement Procedurcs Act af 1974 as amended from dme to time. 12 U.S.C.� 2601 et seg.( RFSPA ).unless another ,+;•,�,_„_,
<br /> , � - Inw thut appliew ta the Fundh r�ets a lesser bmount. If r,a,I.ender►nny.at any t(me.collect and hold Funds in en emount not tn ;.;�.`�"�.=�
<br /> `•------'----_.-'=-- ca��cJ ilio t..-�,�:r +uu�wu. Landar may esdmatc thc amount of f'unds dne an the basis of curteat data end rens�+nnhle .: �- - -
<br /> ° estimates of ex p•.nditurea of future Escmw Itema or othenvise in uccordance with upplicable law. —
<br /> Thc FLndK xhall bc hcld in un institudon whose deposits ane insurcd by A federei Agency, instrumentality,or entity . -z�-__ ._
<br /> ° (lncluding Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay "Y�
<br /> ' the Escmw items. I,endcr may not charge Borrower for holding and upplyin� the Frunds,annually nnalyzing the escrow 1� ."-�-
<br /> account. or vedfying the Escrow Items, unless Lender pays Borrower interest on the Funds and upplIcuble law pennIts „ , x-y_�'"'��
<br /> Lender to make such a chur�c. However.L.ender may require Borrower to puy a ona-time charge for an independ�nt real , ' T
<br /> . estate tax reportins aervice us�d by Lender in connecdon wlth this loan.unless applicuble Iaw provides otherwise. Unless an � :� __ --
<br /> agreement is madc or applicublc luw requires interest to be paid,Lender shall not bc mquired to pay Borrower any intemst or ...-
<br /> ' ., curnings on the Funds. Barrower und Lender may asree in wdting.however.that interest shall be patd on the Fl�nds. L.ender ':��"
<br /> shall give to Borrower.without char�e.an annuul accounting of the FundS,showins credits and debits to the Funds and the � " •_�—
<br /> purpose for which euch debit ro the Funds wAS mude. The Funds are pledged as ndditional secudty for all sums secured by r�
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<br /> If the Funds held by L.ender excced the amounts permitted to be held by applicable law, Lender shail account to . ,;�_
<br /> " , Borrower for the excess hlmds in accordance with the requirements uf applicable law. If the amount of the�nds held by
<br /> Lender nt any time is not sufficient to puy the Escrow Items when due.l.ender may so notify Borrower in wdting,and. in �`�
<br /> such case Borrower shall pay to [.ender the um�unt necessury to make up the deficiency. Borrower shall make up the „ � - �
<br /> deficlency in no more than twelve manthly paymcnts,at Lendcr's sole discretion. � '-�
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<br /> , .--- -- Zl OII a mem in iuli ui'uli suins sccurcd b Ulta�CCUtit ivaitwuC�u.txiwc� m�mi wiii t�" t�Fuuu iG u°..v..^..... '
<br /> P P Y r r N � � , �._._ -,-.
<br /> . " Funds hetd by I.ender. if,under parngrnph 21,Lender shull acquire or sell the Property,Lender,prior to the acquisition or '��'�
<br /> salc of thc Property,shall apply nny FLnds held by Lender ut thc time of ucquisit[on or salc as A credit aguinst the sums . ,
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<br /> secured by this Security Instrument. ' �F.�.
<br /> 3. Application of Payments. Unless applicnble law provides otherwise, aQ payments received by Lender under �¢.
<br /> paragraphs I and 2 shap be upplfed:first,to any prepayment charges due under the Noce; second,to nmounts puyuble under ° ,�us.«_
<br /> 1 ' paragraph 2;third,to intcrest due;tourth,to principul due;and last,to any late chargeti due under the Note. �,,,",,��-,�
<br /> 4. Charges; Giens. Barrowcr shall pay all ta�ces. ossessments,charges, Cncs nnd impositions nttributable to the '��'���'�;
<br /> Propetty which muy uttain priarity aver this Security Instrument,and leasehold payments or ground rents,If any. Borrower �,�%:�'::
<br /> • shup puy these obligutions in the manner provided in puragraph 2,or if not paid in that munncr,Borrower shall pay them on �:i�
<br /> time directly to the person owed payment. Borrower shall promptly fumish to Lender sill notices of amaunts to be paid under � .
<br /> � . � �� this paragraph. If Sorrower makes the.r•e puyments direcdy,Borrower shaU promptiy fwni,h to Lender receipts evfidcncing '-� -
<br /> the payments. '
<br /> Borrower shall prompdy dischur�e any lien which hrs priority ovcr this Sec:urity instrument un!ess Botrower:(u)agrees , , �.ti.
<br /> . in writin�to the payment of the obligation secumd by the lien in a manner acceptable to Lender:(b)conte�ts in good faith the ,.
<br /> � lien by,or defendx aguinst enforcement of the lien in,legal proceedin��which in the Lender s apinion uperate to pmvent the
<br /> enforcement of the lien;or(c)securex from the holder of the lien an agreement satisfuctory to Lender subordinating the lien
<br /> ro this Security Instrument. If Lender dMermines that s�ny part of the Property iti rubject to a lien which may attaM priority •
<br /> • ° over this Security lnstrument,Lender may give$ormwer a notice identifying the lien. Borrower shall sutisfy the lien or take
<br /> one or morc of the actions set forth above within 10 duys of the giving of notice. i
<br /> S. Haxard or Property Insurance. Bormwer shull keep the impn�vem�nts nuw eristing ar hereafter erected on the '
<br /> • Prapecty fnsured ag�inst lo�s by fire,hazaeds included within the term"extended coverage"and uny other h��rds,ineiuding ,
<br /> ' � .,�' floods or floodin�,for which Lendc:r requires in.urance. This insursnce shall be maintnined in the umcwnts and for the
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