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<br /> TO(iETHER WITH W)the impmvetrnms now on c�reafter erectod on the propetty.und�l�ca.Tscmecrts,appurtaswxea.rnc!
<br /> fixtures now ur hercuRer u part of the property. AU repiIIcements and adcUtions shall als� be wvered by this Secur(ey ��
<br /> Instrument.All af thc faregaing lw refcrred to in this Sccurlty Instrumcnt ag the"Praperty."
<br /> FiORltOW�R COVENf+N'i'S that Barrawer ia lavifully s�tsed af thc cstutc hercby convcyed u�id hus the rlght to grant nnd
<br /> canvcy the Propeny nnd th:it the Prapeny is unencumbered.except for encumbrnnces af remrd. Borrower warrants and wIU
<br /> defertd gencr�lly the titic ta the Property u uinst al!cl�ims and ds�nands,xubJcct to uny�ncumbrances of record.
<br /> THIS SECURITY INSTRl3MENT�mbines uniform c.ovenants for national use u»d non-unlform c:ovenan�9 with limised
<br /> variations by jurlsdiction ta canstitute A uniform Recurity inst�ment oovedng reul pmperty.
<br /> UNIFORM COVENANTS. Borrowet und Lender cavenunt t+nd ngree as foflowa:
<br /> 1. P�yment ot P'tacipal und Interest; Pr+ep�yment an� Iate Charges. Borra�wer shall promptly pay whsn duG the ;;
<br /> pdnc�pal of and interest on the debt evldenced by the Note and any prepayment und late charges dua under the Note.
<br /> 2.F�ut�ds tor Taxex and Ituurance.SubJect to applicuble !aw or to a written waiver by Q.ender. Botrower sh�ll p&y to
<br /> Lender on the day monthly payments arc due under the Note.until the Note is pald in full,a sum("Funds")for:(a)yearly taxe�
<br /> and nssessment�which may attain priodty over this Securiry Instrument as a lien on Ghe Property;(b)Year1Y leasehold puyments
<br /> or ground rents on the Propeny. if any;(c)yearly hazard or property insurance premiums;(d)yearly ftood insurance pnemiums.
<br /> if any:(e)yearly mortgage in.curance premiums. if any:sud (�any sums payable by Borrower to Leader,tp SCCDI1d9ItCC KIIt!
<br /> the pruvisions of paragraph 8.in Ifeu of che payment of mortgage insurunce pmmiums. These items are called"Escraw Iums."
<br /> i.ender may. at any tfine,collect and hold Funds in an amount reot to oxcee�the msixlmum amount u lender for a federally
<br /> related mortgage loan may require for Borrower's escraw uccaunt under the federai Real Estate Settlement Proc�edures Act of
<br /> 1974 as a�nended from t(me to time. 12 U.S.C.Section 2601 et seq.("RESPA"). unless another law that applIes to the Fw�da
<br /> sets a le.sser amount. If so, l.ender may. at any time. collect and hold Fuads in an artwunt not to eaceed the Iesser emount.
<br /> s�. ixnder may estfmate the amount of Funds due on the basis of current data and reasonable estimates of e�cpenditures of flituce
<br /> ,.,,, ,�,.,., Escrow Items or otherwiscs in accordance with applicable law.
<br /> .-: Thc Funds shall be held in an institutian whase deposits are insured by a federa! agency, instruraenuillty, ar�ntity
<br /> _ .`}��'..'�',�;,� (Including i.ender,if Lender is such an institution)or in any Fcderal Home Laun Bank. Lender shall apply the£unds to pay the
<br /> �'"'°�'� `� :;•�. Escraw Items. Lender may not charge Borrower for holding and applying tt�e Funds.anrivally s�nalyzins the escrow acoount.ar
<br /> ?��"�:�"'�{'��`t verifying the Escraw Items.unless L.ender pays Borrower interest on the Fa,-aids and ap�licable law permits I.ender to make such
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<br /> �a*rt%°�.�•. n charge. How,,ver, Lender may cequire Barrower to pay a oneaime charge for an independent real estate tax ceporting servtoe
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<br /> ..:Z, used by I.ender in connection with this loan, unless applicable !aw provides othetwise. Unless an agreement es made or
<br /> ;• >• '� ,� '4 applicuble law requires intemt to be paid.Lender sHatl not be requtred ta pay i3orrower any interest or eamings an the Funds.
<br /> Bornc�wer and I.ender may agree in writtng, however. that interest shall be paid on the Funds. Lender shall give to Borrower.
<br /> � without char�e, an annual accountin�of the Furtds, showinR crediu and debiu to the Funds and the purposs for which each
<br /> �`` �" ' debit to the Funds was made.The Funds ure pledged as additional�curiry for all sums serured by this Security Instrument.
<br /> �, � , If the F�nds held by Lender exce�d the amounts permitted to be held by applicable law.L.ender shall account to Borrower
<br /> � for the excess Funds in accurdance with the requirements of applicable l�w. If the amount of the Furtds held by Lender at any
<br /> ' time is not sufficient to pay the Escrow Items when due.I.ender may so notify Borrower in writing,and, in such.cASe Borrower
<br /> . shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twetve monthly payments,at I.creder's sale discretion.
<br /> Upon payment in fult of all sums secured by this Security [nstrument. L,ender shall promptly refund to Honower any
<br /> � Funds held by I.ender. If,under puragraph 21,Lender shall acquir�e or sell the Property.Lender,prior to the acquisitton or sale
<br /> : ' , " of the Praperty, shall apply any Funds held by Lender at the time of acquisttion or sale as a credit ugainst the sums sec�u�ed by
<br /> this Security Ynstrument. . sw
<br /> " 3.Applicution of Paymen�s.Unless applicable law pmvides otherwise.nil payments received by Lender under paragraphs ,;:.� '
<br /> � �•' 1 und 2 shull be appliesl:Grst,to any prepayment charges due under the Note:second, to amounts payable under paragraph 2: �-�T
<br /> ' . , ,� third,to Interest duc;fourth,to principal duc:and last.to any late char�es ctue undcr the Note. �
<br /> � ° 4.Char�es;LienS.Borrawer shall pay all taxes,assessments,charges, fines and impositiuns attrfbutable to tha Property
<br /> which may attain priority over this Security Instrument, and Ieasehold payments or ground renGC, if any. Borrower shall pay �•
<br /> these obligations in the manner provided in paragraph 2,or if not paid in thAt manreer,Borrower shall pay them on time directly ��
<br /> � to the person owed payment. Borrower shall promptly fumish to L.ender al!notices of amounts to be paid under this para�raph.
<br /> . If Bormwer makes these payments dircctly.Borrower shall pmmptly fumish to[.ender receipts evidencing the payments.
<br /> :'.'1:�� � Hormwer shull promptly discharge uny lien which ha,priority over this Security Ir�strument un�ess Borrower:(u>agrees in
<br /> " writi�g to the payment of thc obligation securcd by the lien in a mFtnner acceptable ta L�nder:(b)contests in good fnith the lien
<br /> �•• by, or defends against enforccment of thc lien in, Iegal procecdings �vhirh in the i..ender's �ip;nion operate to prevent the
<br /> �f_�`.�+ enforcement of the licn:or(c)secures from the h��lder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. (f L.endcr determineti thut uny part of the Pmperty is anbject eo a lien �+hich may attuin priority ovcr
<br /> • _ _this Socurity Instrument. Lender may gi�•e Bormwer a notice identifying the lien. Bormwer.hall wtisfy the lien or take one or
<br /> � � ��`�`, more of the actions set forth above within !0 dayy of the giving of notice.
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