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<br /> � '='�"�''�� TO(3BTFiEt�WITH all the impmveracnta now or hereafter ere�eQ on tho propxrty.and nll e�emanU►,nppurtenoncea,
<br /> �:�;����`�;?��;x•.•� und fixturca now or hereafter a p�of th0 propeRy. All repla�bemenw and addidons shall atso be covered by thls SccurIry —
<br /> :=.�'`:%��� • Inswr►unt. All of thc foregoir.g is�+eefemed to in this Secwiry Inswment as the"Property."
<br /> -:-'�`�••.w'"•0.s t3QRROt'HEfi COVENI�NTS that Baimwcr is tawfufty scistd af th$estutc hcrcby convcycd urtd hus the rlght to grant -��.�.
<br /> '�''-`'�- ;� ,;���,�,�. and convcy the Property mne that the Prop�rty is unencumbered.except for encwnbrances of record. Bonawer warrants and
<br /> •'�"`��'�''' will defend generally the dde to the Property against all ciaims and dem:�nds,s4�bject to any encumbranreE of recoM. �___,
<br /> � TH1S SECURITY WSTRUIv1BAiT combiaes uniform cavenAnnts for national use and non-uniform covenants with c====_ -
<br /> • � ��`` 4� lintited varladons by jurisdlctlon ta consdtute a utufotan securiry�nst�um�nt coverir�g real property. __
<br /> . ���� UNIFORM COVENANTS. Bomnwer aad I.ender covenant and agree as follows: —_
<br /> ' � � 1. Phymea4 ot Princlpal and interest;Prepayment and Late Charges. Borrower shall promptly pay when due the �
<br /> -._- _.-:--....,,
<br /> ' prlttcipal of nnd interest an the debt evIdenced by the Note and any pnpayment and late charges duc undsr We Note. �--`
<br /> � ° „ •, 2 �ads for lbues and Insarance. Subject to appl[cable!aw or to a written waiver by I.ettder.Borrower shall Qay w ��,�_�;,;�=_:.
<br /> I.ender on the day monthly payments are due under the Note,undl the Note is paid in fi�ll.a sum("Funds")for.(a)yeatiy s--—•
<br /> ", � . wxes and assessments which may attaln prlotlty over this SecurIty Instrument as a lten an the Property;(b)yearly leasehold �^`;'°
<br /> o �� �-
<br /> ' �ayments or ground rents on the Property. if any; (c) Yearly hazard or property insurance premiums: (d) Yearly flood �,�+,:_.
<br /> • . , � msurance premiums,if any; (e)yearly mort�age insurance premiums.if any;und(�any sums payable by Borrower to �'"�'"�"-
<br /> , I.ender.in acco�dance a+ith the rovisions of ara h 8,in Ileu of tl�e a ment of mort a e insurance remiuras. 'Ihese �����
<br /> P P �P F Y 8 � P ; ;,�.,��_
<br /> � ' items are ralled"�CSCrow Items.' Lender may.at any time.coUect and l.mid I'�uuds in an amount not to eacex�the m�c�eaum ,,,,ti:s��.
<br /> ;•;,::,T,:_:-
<br /> amo�.�nt a leader for a federa�Ily reIated mort�age loan may require fQr�or�rower�escrow account ander the fode�ai.�fic�al ,a�•:. :-:-.
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<br /> Estate Settlement Ptocedtrns Act o�1974 as amended fmsr►time to eime,l2 U.S.C.§Z6LTt et seq.( RESPA"),untess•�n�t�rr i,;��;,; ;.,.;_.
<br /> . Iaw thai appiies to the Fu��ds sets a tess�r amouat. tf so,Lcuder u�ay,at a�r timc,cvl.�t and hold Fuuds in an a�nQUnt r�::a ��;`�,�_'=.:
<br /> excced the lesser arnoune. Lxnder may eseimate the amount of ffuads due on the basis of cwrent data and reasonnb2e ;.:, ---
<br /> � � ' estimates of ex ndit�nes of Gubsce�scrow ltems or otherwise in accord.au�ce with a Ucable law. ''��i t:d""
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<br /> Thc Funds shall be hel;d i7 ar►institution whose deposits are irtsu�d by a federal agency. insUUmentality,ar�m�ty :,�i,yJ"'.,;,:��_-
<br /> . ��..::,,,;.._.
<br /> ' (irtcluding l.ender.if L.crc�Pr i�such an insdtudon)or in any Fedcral Home Loan Bank. Lender shall apply the Fands 2a gray '�t•;' "�•�
<br /> the Escrow Items. L.ender may not charge Borrower far holding and applying the Funds.annually analyzing the es�row ,,�r;`;;�.�.:
<br /> ' account, or verifying the Escrow Items. unless I.ender pays Borrower emterest on the Funds and applicable !aw pec�nits
<br /> i.ender to make such a charge. However,L.ender may require Borrower Qo pay a one-time charge for an independent real `. �:'����`�--
<br /> . estate tax reporting service used by I..ender in connection with this loan,urn�ess applicable law provIdes otherwisc. Unless an �.+ •• _
<br /> ' agreement is made or applicable law requires interest to be paid,Lender shall not be req�to pay Borrower any intemst or ,�;}�E}i .
<br /> . eamings on the Funds. Borrower and Lender may agrce in writing,h�wever,that interast shaU be paid on the Funds. Lendet „`f�.;Ka
<br /> ^ '` shall give to Borrower,without charge,an annual accounung of the Funds,showing credits and debits to the Funds and the .:;•��•y;;.;i;;a_.
<br /> • � purpose for which each debit to the Funds was made. The Funds are ple�ged as additional security for all sums secured by ''•?��,-.-
<br /> -- _-_ -_.. --- ,, Ws�ecunty lastreo�ent. ,{.,.,,!.;:;_-
<br /> � •�` If the Funw'.s d�eld by Lender exceed the amounts permitted to he Q�eld by applicable law. Lender shall account to '".,`��L;,:::__
<br /> ',`:�,':'•:
<br /> ,•:':};;:- Bon�wer for Uze excess Fureds in accondance with the requirements of applicable law. lf the amount of the Funds held by :•'•�;.�.:,;:r.
<br /> �"�;':;�;,': ` � Lenc7er at any time is not sufticient to pay the Escrow Items when due.L.ender may sa�natify Borrower in wriang,and,in `�'`;f;'f',;�=':_
<br /> ' ��:;;:' sucre case Borrower shall pay to Lender the a�nount necessary to make up the deficiency. Barrowe�shall mahe up the `'�"�_
<br /> def ciency in no more than twelve monthly payments,at Lender's sole d'nscreuon.
<br /> Upon payment in full of aU sums secured by this Security Insuumeuet.Lender shall promptly ne2und to Borrower any • —
<br /> Funds held by Lender. If,under paragraph 21,Lender shalt acquir+e or sell the Property.Lender,prior to the acquisition or
<br /> sale of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums , �,,_
<br /> secumd by this Security Insirument. '
<br /> 3. Applieat6on of Payments. Unletis applicable law provides otherwise, all paymeats received by I.ender under -
<br /> �• paragraphs I and<<hall 6e applied:fint,to any prepayment charges due undcr the Note;second,to amounGs payable under
<br /> paragraph 2;third,a�intemst due;fourth,to principal due:and la.et,to arn�9are chazges due under the Note. . ,
<br /> 4. Charges; II.�efvs. Borrower shall pay all taxes, assessments,charges, fines and imposiaons attributable to the �
<br /> �_%... Prageny which may attain p:riority over this Security imtrument,and leasehold paymenGa or ground rents,if any. Bosc�wer ; >�� �-
<br /> '� sha�l pay these obligations m the manncr provided in paragraph 2,or if not paid in thac ananner,Borrower shall pay 2hem on ,. ,y�- -
<br /> �'•.s•;' � time directly to the person owed payment. Borrower shall prun�pdy furni.�to Lender a,]nolices of amc�unts to be paid under '
<br /> � ' this paragraph. If Borrower make� these payments dimcUy,B�rtower tiha?:promptly fumish to Len�er receipts evidencing :
<br /> the payments.
<br /> Borrower shall prornptly dizcharFe roy tien which ha,priority over ttai>Security Imtrument unless Borrower.!a)agmes
<br /> in writing to the payment ot thc obligation,ccurcd hy the lirr.in a mannrr ucreptable to Lender,tb)contestx in gocxi faith the _
<br /> lien by,or defends againtit entomement uf the lien in,legai prr.ceeding�which in the Lender ti opinion operate to prevertt the
<br /> enforcement of the lien; ur(c)�ecures from the holder of ihe li�n an agreement�ati.fartory to Lendcr,utx�rdinating�he lien
<br /> �o!Itis Securit ��t;n!nent. If I.endcr determine,thst an- an r.f the P.�n n���,ub�cct t��s licn which ma �+ttain riorirv
<br /> y ... ) F' �• ) , Y !'
<br /> . over ihis Security insirurnent.Lendcr mu�•gi�•e Be�rcower u notice id�nr,:�icing the lien. Borruwer.hall tiatisfy the lien or take
<br /> one or morc of the artions srZ Pnrth abo�•e within lU day�of the gi��inc o:notice.
<br /> •,1� '� 5. Hazard or Propeu�ig Unsurance. Borrower tiha11 kcep the improvemrnt+nuw exiti[ing or hercafter erected on the '�' �;;``�'
<br /> '� Pmperty insured acain,t l��sti b�•fire,h:v.arJ.includrd wi.hin thc term"cxtendrd ro�erage"and any other h:uard�.i:�duding f�.�r_: ::
<br /> . . tloods or flocxlm�, for whi;:� Lender reyuir�� inwranrr. "G.".i,in�urunce +hall hc muintained in the amount�and fur the � ' ""
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