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<br /> r., 'I�OCiBTH6R Wl7'H dl the impmvat�er�p now or hereatter et+eccad uc�tha propeery.wid�ll�,asa»e�ts.�ppni�ataa.amd
<br /> ; fix.tut�v nuw an c�ra�fter a part oi the praperty. �i ��s���nr� �a �aiao�.9 ��i �t,w bc covered by this Sacur�ty
<br /> Iatitnunc��t.All,�i'thc fnreg�ing is rcfarrc�!tn in this St;c�riry Instrument as�ha"[�roperty."
<br /> Lit)RRt�Wl3R CflYC��iAHTS thnt&irrowar ts IawfU�ty sclscd oi`thc e:�tatc hcrcfiy canvcyad a�d hAS thc right tp�rant xnd
<br /> � Mtinvey the PropenY Wnd�ha��he Pmlxny ia u�xrntumberod.excxpt t�r axumbrances uf recnrd. 8urruwer wurra��ts�.�d wil!
<br /> defenci gerierafly the tbde ui the Pmperty agalnst all claim9 ared cktnaixi+.r�ubjcet to any rrkumbn�rx:es�f re�r�d.
<br /> THIS SFiCUE21TY' INSTRUMBN'�'dombl�x9 unEfurn cavenunts fur��ttuswl use a��ct non•unifnren cuverwnts wlth tim[ta!
<br /> variaU�ns by JurindJction ta con�Ntutc a unlform socurity instn►nxnt cavorfng rcul pm}rerty.
<br /> U�ipF4RR4 C(jVCsNAN7'S. L'orrn�ver nnd Lcrcdcr covettant r.mi n���t;ev fnitowq:
<br /> 1. lh��meNt o�Pelacfpwl and IMert�ti Prep�9mait and I.�te Char�. Bamawcr shall pmmPUY P�Y when duo the
<br /> ' principul af urd in�erest on the de�t evidenced by the Note a�uf any prrpaymenl nnd lete ch�rges due under the Note.
<br /> Z� Fund�bt'T�xe�apd Inaurance. Subject to upplicable law ar to a written v�uiver by I.cnder,8orrowcr shall p�y to
<br /> Lendar cm thc day manthly payments arc due under the Note.anti{the Note is paid in full.o s�►m("Funds")for:(a)yearly taxa�
<br /> and oss�ssn�ent�which may nttsin�pdoriry over thls Secur�ty Tnstnunent as c�lien on the Praperiy:(b)ycarly leasrhotd paymenta
<br /> I oT Srnu�Kl re��v un the Pcoperty.if aay:(c?.Y�ly��or pmperiy insurnncc preminmg:(dD Ye�u'ly tlaod insuranae pnmIumg.
<br /> if any:(e)yearly mortgago i�surance pnmiums.if any:nnd(�any sums paya4te by Borrower to Ler►der. in c�caordanae wtth
<br /> the pmvisians Rf pacagraph S,in lieu of the paycnent of mortgage insurance premiutns.These items ere colled"Escraw Items."
<br /> Lender may. ut nny Nme,cnpeet and hold Funds in an nmount not ta exceed the masimum umount a Icnder for a federally
<br /> ielatad mortgage loan may require for Borrower's escrow uccount under the federsil Real Fstate Settlement Proecduris Act of
<br /> 1974 as amended fmm time ta t�me, 12 U.S.C. Secdon 2601 et seq. ("RESPA"),unless u�►othcr law that applies to the Funds
<br /> seta a lesser amount. If so. Lender may, at any time. collect and hotd Funds in an�mount not to exeeed the lesscr nmount.
<br /> L.ender may esdmate the aznount of Funds due an the basis of currem data and rea.wns6le c�dnutte�uf expepdhuras of futur�
<br /> Escrnw Items or otherwise i��cordance with appticable Iaw.
<br /> Ttte Fnnds shall be held i� an institudon whose deposits sue insur+ed by n federal agenry. insuumentapty. or entIry
<br /> (�ncluding I.ender.if Lender is such an instttudon)or in any Federal Home Loart&�nk. Lender shull apply the Fa�nds ta pay the
<br /> Escro�v items.Lender may not charge Borrower for holding and applying the Funds,unnually tinnalyzing the escmw u000nnt.or
<br /> verifying the Hscmw Items.unle,ss Lender pays Borrower intenxt on the F�nds and applicable law permits I.ender to n�ake such
<br /> a charge.However.Lender may require Borrower to pay a one-tiine charBe for tu►independem reaf estate tax reporttng servioe
<br /> used by [.endet irt oonne�tton with this loan. unle-.+s applicable luw pravides otherwise. Unlesy an agreement is made or
<br /> applicable Inw requires inter�est to be paid.L.ender sha11 not be�+equi�+ed w puy Sorrower nny interest or eamings on the Funds.
<br /> Borrower and L.ender may agree in writing,however, that interest shall be paid on the Funds.Lender shall give to Borrower.
<br /> without char�e, an annual accountin�of the Funds,showing credits and debits to the Funds end the purpo� for whi¢h each
<br /> debit to the Funds w�made.'►i�e Funds are pledged as additio►wi�cc.�urity fvi:�ii su��ti;�ur�3 by this �°urity Insu�uss�t.
<br /> If the�unds held by Lender excead the amounu permitted to be held by applicable law. Lertder shalt aocount to Bornnwer
<br /> for the excess Funds in axordnnce with che requir+ements of upplicable luw. [f the umount of the Funds held by I.ender at am>
<br /> �tt%� Ume is not sufticient to pay the Escrow Items when due.Lender mny so notify Bormwer in�vriting,and,in such case BorraH�a
<br /> shaq pay to Lender the amount necessury to make up the deficiency. AorEOwer shalt make up the deficienry in no more tha�
<br /> twe{ve monthly payments,at Lender's sole dlscretion.
<br /> Upon payment in full of all sums secw�cl by this Scxurity Instrument. I.ender shall pmmpdy refund to Borrower any�
<br /> Funds held by[,ender. If,under parasrapi��l.Lender shall acquire or sell che Pmpecty.L.ertder,prior to the ucquisition or sale
<br /> of the Property,sh�ll upply any Funds held by Lertder nt the time of acquisition or sale as a credit against tbe sams secured by
<br /> this Securiry Instrument.
<br /> 3.Appltattion oY PaymP»ts•Unless applicablc law provides otherwise,all payments received by Lertder under paragraphs
<br /> 1 and 2 sh�ll be uppliad:first, to any pmpayment charges due undcr the Note; sercm�,to umount�payobte under paragraph 2;
<br /> third,to tnterest due:fourth,to principa!due;and last.to uny late charges due under the Note.
<br /> 4.Charges; Llenv.Borrower shall�ay ail taxes.assessmen�s,charges,fines and imposidons nttributable to the Praperty
<br /> whtch may attnin prioriry over this Securnty Insmiment. and le�sehold payments or ground rents,if any. Borrower sha�l pay
<br /> these obli6attons in the manner provtded in para�raph 2,or if not paid in that manner.Borrower shall pay them un time dic�ectly
<br /> 4�the person owed puyment.Borrower shall promptly furnish to(.ender all notices of amounts to 6e paid under this paragraph.
<br /> If Bomower makes these payments directly.Borrower shalt promptly Curnish to Lender receipts evidencin�the paymenu. `��•
<br /> Borrower shali promptly discharge arry lien which hus priority over this Security Instrument unless Bormwer:(a)a�rees in "�,�'
<br /> writing to the payment of the obligation secureJ by the lien in a manner xceptable to I.ender;tb)contests in�ood faith the lien �v��
<br /> by. or defends against enfarcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the �"`'�
<br /> enforcement of the lIen;or Qc)secures from the holder of the licn an agroement satisfa�KOry to I.ender subordinatin�the lien to
<br /> th3s Sec�uity instrument. If Lender determines that any pan of the Property is subject to a lien which may attain priority over
<br /> thls Security Instrument.Lender may gece Boirower a�oace identifying the lien.Borr�wer shal� satisfy thc lien or take one or
<br /> more of the actlons set forth above within t0 doys of the giving of notice.
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