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<br /> TOi)R'1'fl�Dt WITH all thc improvemcnts now ar hereaft�r erectcd on tho property,und nll easements,appurtcnances.
<br /> and flxtuc�ce naw ar hereaf'ter a put af tha property. All eepl�cemente cuid¢dditions shall nlso be covered by tdts Secuclry
<br /> Insuu�mn� Atl af the forogoing is refcmed to ia thiR Securlty Instcument as thc"Ftoperty."
<br /> BARROWER COVE?NANTS tl�at Bortower ia lnwtully seDsed af the eetato hereby convoyed and has thc right tn grant
<br /> aad convey tht Property und thut the Pmperty ie unencumf�red.exapt far encumbrancea of record. Barrower wamint,g nnd
<br /> will defend ger�erally the tltk to the Pcopectyr egainst aii claims aad demaads.xubject to any encumbraaces of record.
<br /> THI5 SECUYtITY INSTRUMEIVT combines unlform covenont� for nadonol use und non-unifoms cov�nnnts with
<br /> limited varludona by ju�lsdictinn to conatiiuto n unif�tm seeurlry insuument covedng real property.
<br /> UNIFORM C�VBNANTS. 8osower nnd I..ender covenant und ngrce us fullowa:
<br /> I. Payment o[Prindpsl and Interert;PseDsyment and Late C6arg�es. Borrower shull promptly pny when duo the
<br /> principal of and lnterest on ttte debt evidenced by the Nou und uay prepayment and late charges due under the Note.
<br /> Z. fi�t�ds for�cee and Insuranea Subject ta applicable Iaw ar to a wdcten walver by Lender.Horrower shall pny to
<br /> Lcnder on tha duy munthly puymenta are dua nnder tD�c Niote.until the Note is paid in fuU,a sum("Funds")for.(ay yearly
<br /> taxes and ussessments which snay uuain p�iorlty over tlils Secur�ty Instnament us a ilen on the Property:(b)yearly leasehold
<br /> payments or ground rents an tho Praperty, if cury; (c)yearly hozard or property insurance premiums: (d) yearly flood
<br /> insuranco preraiums, if any;(e)yeorly mortgnge�nsurance premfums,if aay; ru►d (�aay sums payabte by Horrower to
<br /> i.�nder,in accordaace wlth the prnvisiona of purpgragb 8.ia lieu of the payment of mortgage instuance premiums. 'l�ese
<br /> items are culled"Escrow Items." Lender muy.at uay time.collect ead hold Fimds in an amount not w eaceed the maximum
<br /> omount u lender far a federnlly reluted mort�uge loun may requiie for Bomowerh escrow account under We federal L+.eul
<br /> Estate Settlement Procedums Act of I974 as amended from dma to tIme,12 U.S.C.§2601 et seq.("RESPA").unless anoWer
<br /> Inw that upplles to the Fuads sets a I�ser amounG If so,Lender may.at any time.collect and hald kiutds ta an amount aot to
<br /> exceed the lesser amouat. Leader may estimate the umoupt of Fuuds due on the bssis of currenc data and r�s.goaable
<br /> esdmaus of expendItures of future Escrow Items or othenvise in accordance witb applicable law.
<br /> T7►e Fl�ctds shaU be held in an instItudon whose deposlts are insured by a federal egency. instrumentaliry.or entlty
<br /> ' (includ3ng Lender.if Lender is such an insdtution)or in any Federnl Home I.cmn Bunk. L.ender shall apply tho FUnds w pay
<br /> the Escrow Items. Leader may not charge Bonnwer for holding a.ad applyfag the Funds.anaually analyzing the �w
<br /> - :�,^�^�� , uccoun4 or vecifyIng the Escro�v Items.unless I.ender pays Bomower interest on the Funds and appUcable luw penniu
<br /> Leender to muke such a charge. However,Lender may require�omower to pay a one•tlme charse for an indepeadent mul
<br /> estnte tna reporting s�vice used by Lender in cunnection with this loan,unless applicnble law prnvides otherwlse. Unless an
<br /> ' agreement is made or applicnble Inw requtres intemst to be paid L.ender shall aot be required to pay Borrower any interest ar
<br /> "�'�' �;�^� eamings on the Fw�ds. Bormwer und I.ender muy pgr�e in writing.howevcr.that interest shall be paid on the Fuads. Lender •�=
<br /> .:c�p,.;y�1i�s,;1,�-, shall give w Botmwer,wiihout charge,an unnual nccounting of the Fuads.showing crcdiu and debits to the Funds and the ,�'"�_
<br /> �, ,T'������ ' pucpose for which each debit to the Funds was made. The Punds are pledged ns addidonal security for all sums secured by
<br /> '��• �z-., this Securltv Instrumeat °�
<br /> �`�`�' ' If the Funds held b L.ender exceed the cunounta permiued to be held by epplicable law. Lender shail uccount to
<br /> {�%rr;f;�,i.' y
<br /> Y,�4•i,,�r,-:• Bom�wer for the excess Fnnds in ncco�ance with the nquinements of npplicable law. If the amouat of the hltads held by
<br /> ' ���'r•� ��••• Leader at any dme is aot sufficient to pay the Escrow Items when due.Lender may so nodfy Bomower iu wrtting.and.In
<br /> S '`ti��•.,.:,.,;,.:.:.
<br /> ?�°•�.'n.�� such case Brnmwer stiall pay to Leader tde amount necessary to make up the deficIertcy. Honower shall make up the =�±,
<br /> r �q";��r�"�;:�`.;:�:•. deficiency in no moie thaz►twelve montWy paymeats,at Lender's sole dlscredon.
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<br /> ,r�;�.�.,+:•.:...::., ,`' lJpon payment in t'ull of all sums secumd by this Securlty Insdvmea�Lender shall prumptly mfund to Botrower any f:�{
<br /> �';';' •'�`:":''?'�"� FLads held by Lender. If.under parngraph 21,L.ender shaU acqui[e or sell the Property.Lender.prior to the acquisidon or ����,_
<br /> 's�`�"� �� sale of the Property. shall apply any f'tiads held by Lertder at the tlme of acquisltion or sale as a credit against the sums '�..�.�
<br /> �� � �*r-f'-� � � secumd b tdis Securiry Instn�men� .
<br /> '.�• :�� - ..:_. y ;, �._:
<br /> 3. Applkatlon oi P�yments. Unless appllcable law provides otherwi�.all paymcn�s received by Lcnder undor ��--
<br /> '�`:��""�� paraEmphs I nad 2 shall be apptied:fust,to any prepayment cherges due under the Note:second.to amonnts payable under
<br /> ':�'°�`��-'•` ara h 2;thiM.w intemst due;fourth.to nnci al due:and las�to an late chur es due under the Nota. .
<br /> ..�..ti P S�P P � P Y G
<br /> :+����y� 4. Charges= LleAS. Borrower shell pay all taxcs.assessments, charges, 6nes nnd impositlons attrlbutable to the
<br /> ° "'"�� Propetty which cnay attein prlorIty over this Securiry Instrument.and leasehold payments or ground rents.if any. Borrower
<br /> ^:f'�""'b'�'"", shall pay these obUgadons in the manner provided in pnmgraph 2,or if not paid in that manner,Bomower shall pay them on
<br /> I 4"�'�':'-`4'•�",•�� tlme directly to the p�raon owed paymen� Borrower shall promptly fumish to Lender all nodces of amounts to be paid under
<br /> ����.�r�,�t�';�':;,,� this paragraph. If Bortower makes these payments ditectly,Borrower shall promptly furnish to Lender receipts evidencing
<br /> ' �s,�:-c..��.`;`:,:. thepayments.
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<br /> �,,:� Bor[ower shall pmmpdy discharge any lien which has pr�ority over this Secusity Insuument unless Borrower.(a)a�rees
<br /> "•'"'t�'"' � �'," in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contesu in good faith the
<br /> '� .>;°. �• lien by.or defends against enforcemeat of the Ben in.legal proceedings which in the Lender's opinion operate to prevent the
<br /> . �,;;•;�,. .: = enforeeatent of the lien;or(c)seeures from the holder of the IIen an agceement sutisfactory to I.ender subordinatiag the lien
<br /> to this Securlty Instrument If I.ender detemiines that any pa�t of the Property is subject to a lien which may attain priority
<br /> =.5'� . - over this Security Instn�mcnt,Lender may give Bosovcer a notice identifying the I{en. Bomower shuli satisfy the lien or take �
<br /> ,;_ ,ti; �� , one or more of the acflons set forth above wtthin !0 daya of the givin�of notice.
<br /> 'k� ,`.. ;:,�_ ,;, S. HazaM or Propeity Insuraaoe. Bomower shall keep the impmvements now existing or hereafter erected on the
<br /> Property insumd against loss by fire.hazards lncluded within the term"extended coverage"and any other hazards,including
<br /> �'�'•:'��'+���;;;,�__ floods or floodtng,for which I.eader requires insursutce. This insuraace shall be maintained in the amounts and for the
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