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<br /> �".,'��"""°'"�""� TOtiETHGR W1TH all the improvements now or hereufter erectrd on the pmgerty,c►nd all ensemente,nppurtenances,�
<br /> and fixtures rtow on c�reafter a part af�he property. All t�eplacementa und addltlons sholl nl�o bc cavcred by thig Securi�y _
<br /> -��� Inswmen� Alt of the forr�s�going is refeacd to in this Security lnstrument ac the"Property."
<br /> -`� BORROWER COVBNANTS thut Boaower Is Inwfully seisai of the estate hereby comeyed and has the dght to gmnt
<br /> � und convey the Propeny and that the Property i�unencumbered,except for encumbrancea of record. Borrower wnnunts and
<br /> wilt defend generally the tide to the Property ugnlnsit ali claims tuid demends.subjcet to any encumbrnr►ces of record.
<br /> ',,�,,,�,� TNSS SS�UfiITY INSTRUMENT cambines uniform covenunts for nntionnl use anA non•uniform covenants with �__
<br /> �i limftecl variatIons by Jurisdicdon to consdtute a unlform sccurlty instrument covering real property. —
<br /> �.' UNIFORM COVBNANTS. Borrower and Lender covenant nnd agrec as fnllows:
<br /> .M . D. Pay�nent otPriacipal end Interest;Prepuyment and Late Chargea Horrower shall promptly pay when due the
<br /> � fi . ti, principal of and interest on the debt avldenced by the Note and any prepayment and late charges due under the Note.
<br /> ,> . t..�,, :, . 2. F�nds for 7bxes nnd Insurance. Subject to applicable law or to a wdtten walver by Lender,Borrower shall pay to
<br /> _ ,, _' �;;. [.ender on the day manthiy payments are due under the Note,unul the Note ta paId in fup.a sum( Ftu�ds")for.(a)yearly
<br /> �;�!"�;�,-r�:;�� taxes and assessments which may attain priority ovcr this Security Instrument es a lle�i on the PropeRy;(b)yearly leasehuld ---
<br /> �'•:•'��•�+�:'� . paymenta ar ground rents on the Property. if any; (c) yearly hazard or property insurance prem�ums; (d) yearly tlood
<br /> � . ,�:,•. . .•-._....,.
<br /> >: = �a insw�ance pnmiums.if any; (e) yearly mortgage insurance premiums. !f any; and (fl any sums payable by Borrower to
<br /> � ��. �' �•-' �.��<�;=r Lender.in accordance with the pmvisions of paragraph 8,fn lieu of the payment of mort$age insurance premiums. These
<br /> �i"'•' � ''�' items are called"Escrov� Items:' Lender may.at any time,coilect and hold FWnds in an amount not to exceed the maxlmum
<br /> �. ' "•• amount a lender for a federally related mortgage loan may �neyuire for Bonower's escrow account under the federal Real
<br /> �•`}•�-" `�� � ' � Estate Setticment Pracedures Act of 1974 sGV amended from t�me to time.l2 U.S.C.�2G01 et seq.("RESPA").unless another
<br /> '':b'�.
<br /> =`• ,. law tt�at app l ies to t he F un d s sets a lesser amount. I f so,Len der may,at any dme.collect and hold Fw►ds in an amount not[o
<br /> - _°•---_„ --- — ezce:,3 thr tcsacr ar,i�ont. Lcndcr sn�y esdm»te tlie �neunt of F�ands dee on thP ha4ic l)f(`IIRPii� fIN1A and MAR(111AIlIP G--.�=°_
<br /> � esdmates oi expendltures of future Fscrow Items or otherwfse in accordance wtth applicable law. _
<br /> ' � The Firnds shall be held in an Institution whose deposits are insured by a federal agency,instrumentality.or entIty —��_�
<br /> ; . , (including Lender,if l.ender is such an Institutlon)or in any Federal Homc I.oan Bank. Lender shall apply thc Funds to pay __
<br /> � �� � � the Fscrow Items. I.ender may not charge Borrower for holdins and applying the Funds,unnually analyzing the escrow ��`—
<br /> - account,or verlfying the Escrow Items, unless Lender pays Borrower interest on the Funds And applIcable law permits �"�4"�
<br /> , Lender to make such n charge. However.I.ender may require BoROwer to pay a one•time charge for an independent real !�:-=—
<br /> estate tax reporting service used by Lender in connectlon with this loan.unless applicttble law provides otherwlse. Unless an �„�:-.�
<br /> � agmement is made or applicable luw requires interest to be paid,Lender shall not be required to pay Borrower any interest or � : �,
<br /> eamings on the Punds. Bortower and Lender may agree in writtn�,however.that interest shall be paid on the Funds. Lender ;r,�• �• -•
<br /> shall give to Bottower,without charge,an unnual accounting of the Funds, showin� credits and debits to the Funds and the
<br /> • � purpose for which each debit to the Funds wns mude. The Funds are pledged us a d d it iona l security for a l l sums secu r e d by ,�^�'•�'
<br /> .. _- thia Securlty Instrument. '°
<br /> , If the Funds hetd by Lender exceed the umounts permitted to be held by apppcable law,Lender shnll account to �.��'�' :
<br /> Bortower for tt�e excess Funds in accordance with the requirements of applicable Inw. If the amount of the Funds held by
<br /> ;; Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so nottfy Borrower ln writing,and, in y. •"
<br /> � such case Borrower shall pay to Lender the amount necessary to make up the de�ciency. Borrower shaU make up the
<br /> � deCctency in no more than twelve monthly payments,at Lender's sole discretion. ,
<br /> � Upon payment in full of all sums secured by this Security Instrument,I.ender shall promptly refund to Borrower any
<br /> �• Funds held by Lender, If,under parngraph 21. Lender shal! acquire or sell the Properry,Lender,prior to the acquisitton or
<br /> sale of the PropeRy.shall apply uny Funds held by Lender at the time of ncquisition or sale as a credit ogainst the sums
<br /> . securedbythis Security Inswment.
<br /> . 3. Application of Peyments. Unless applicable luw provides otherwise, nll payments received by Lender under
<br /> para�ruphs 1 and 2 shall be applied:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> paragtaph 2;third,to interest due;faurth,to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges; Liens. Bonower shall pay nll taxes, assessments, charge�, fines and impositions attributable to the
<br /> Pcoperty which may attain priority over this Security Instrument,�nd teasehold puyments or ground renu,if any. B�rrower
<br /> shall pay these obiiguiions in the manner provided in paragraph 2,or if not paid in that manner,Bonower shall pay them an
<br /> time directly to the person awed payment. Bonower shntl promptly fumish to Lender all notices af amounts to be paid under
<br /> r� tllla put8}�tupll. If Bwruwer makea the�e payments direcdy. Borrower shull promptiy fumish to Lender mceipts evidencing
<br /> ' the puyments.
<br /> Borrower shall promptly discharge nny lien which hns priority over this Security Instrument untess Borrower:(u)a�rees
<br /> �� in wdting to the payment of the abligation secured by the lien in u manner ac:ceptable to Lender:(b)contests in good faith the
<br /> , lien by,or defends against enforcement of the lien in,legul praceedings which in the Lender's�pinion operate to prevent the '
<br /> enforcement of the lien; or Ic)secures from the holder of the lien an agreement�atisfuctory to Lender subordinating the lien
<br /> . to this Secudry Instrument, If Lender detertnines thut any part of thc Propeny is subject to a lien which may attain priority
<br /> over this Security Insw�nent. Lender may�ive Borrower a notice identifying thc lien. Barrower shall satisfy the lien or ti►ke
<br /> one or more of the actions set forth above within 10 days of the givin�of notice.
<br /> S. Hazard or Property Insurance. Borrower shall keep the improvements now existing on c�reafter erected on the
<br /> Property insured against lass by fire,hazards inc�uded within the term"extended coverage" and any other hazards,including ,
<br /> . floods or flooding, far which Lender requims in,urunce. Thi, insurance shall be maintained in the:►mounts and for the
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