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<br /> fO(7�'�HEFY WI�'H all th�i�n�srovements uow or�Icescaftcr ci�cctsd a�Qi.�rar+L �,n d nll casc�nCnt�. [tGt1:IllCCH,
<br /> a:id flxtures naw an c�nnftcr a part�f the pmperty. AU n�placements and nddltions ehnli�iso bo covcr�d by thi9 S�curily
<br /> lnsnumcn� All pf the foregoing ie referred to in this Sccudry Inshu�neat a9 the"Pmperty.”
<br /> BORROWBR COV@NANTS that Harrocver is lawfiilly scised of the es�ate hereby conveyed and has tho right[o grant
<br /> ead corney the P�operty and that tha Property is unencvmbend.exeept for encambrauces of rccord. gorrowr.�warrunts und
<br /> wtU defcnd generel(y the title to the Prnpeny agaSast etl claims and demands�subject to any encumbrance�of r�ard.
<br /> 'CH(g 5�C�1t3P1'Y IRJSTI�iift9EAlT combiues unif'orra covcnaats for n�t�onaT usc t+n�! non•tmifnrm covennnts with
<br /> lindt�d varlations by judsdiedon to c4nstituu a unifoim securIty iashwiaent covering neal pmp'rty.
<br /> LTNiFORM COVENNNTS. Borrower and Lendar covenant und agreo as fallowa:
<br /> l. Yayment oi Principiil and Interest;Prep�yntemt�Late Charges. Qorrower shnll promptly�y when duo thc
<br /> pr�ncIpnl af and interest on thc debt evidencal by the IJoto and any pnpuyment nnd late chnrg�es due under the 1Voto.
<br /> 2. �nds fo�'[�uces�d Insnrance. Subject w appltcnble luw or to a written wniver by Lender,Barrower shall pay to
<br /> Lender on ihe day monthly p:xyments ara due under the Nate.unt�l the Nate ia paid in full,A sum("Fumds")for.(u)ycsuly
<br /> taxes and assessmeata which arrtiy utwia priority over thls Sccudry Insavment as u lien on the Prapeny:(b)yeurly te�uel�old
<br /> payments or ground nntx on tl�a Penperty. lf any; (c)yearly hazaM or pmperty Inaurnncd pnemtuuts; (d) yearly flood
<br /> insurance premiums. If enYC(ey yeuriy mortgase insurance prPmiwns. if aay: aad (�nny aums payuble dy Horcower to
<br /> Lender,in accordance with the provjsIona of paragrnph 8.in lleu of the payment of mastgage insurance premiums. These
<br /> ite►us are caUed"Escnnw Items.' Lender may.at any time.coUect uUd hold Funda In an umount not to exceed the maximum
<br /> amount a leruter for a federally t+ela:ed mortgage loan may mquire for Bormwerla esctow account under the federal Real
<br /> Estute Settlement Peocedunes Act of 1974 as amended from time to time.l2 U.S.C.�2601 et seq.("P.ESPA").unless another
<br /> � latv that agpUes to tke l�nds sets a lesser Amount. if so,T.ender may,at aay time,collect and hold Funds ia aa amount aat ta
<br /> � excced the lesser amount 1.ender may escimate the ainount of Fuada due on the basis of curnent data and reasonable
<br /> I esdmaus of eaependIuu�of future Esemw Items or otheiwlse in accordsu►ce with applicable law.
<br /> � The Rinds shall be held in an institudon whose depusits ere insured by a federal agency. irutrumeatality,or entity
<br /> ! (indudin�Lender.if l.ender Is such aa insHtudon)or in any Federal Hame Loan Bank. Lendsr shall epply the Funds to pay
<br /> the Escrow Items. Lender may aot charge Borr�ower for holding and applying th�Fundv,annually nnalyzing the escrow
<br /> acxount,or verlfyiag the Fscrow Items, unless [.ender pays Borrower interest on the Funds sind applicable law permits
<br /> Lender to make such a char�e. However.L.ender may require Borrower to pay a one-time char�a for an indepeadeat real
<br /> estate tex reporting servlce usQd by Lender in connection with this loan.unless applicable Iaw provides othenvise. Unless an
<br /> agreement ls made or appllcable luw requi�s utterest to be paid,Lcnder shall not be required to pay Barmwer any i[cterest or
<br /> � � eamings on the Funds. Borrower aad l.ender may agree in writing.kowever.that intet+est shall be p�id on the Funds. L,ender
<br /> shall give w Borrower,without cbarge,an ennual accounting of the Funds.showing credits und deb{ts to the�nds and the
<br /> putpose for which each debit to the Funds was made. '19�e�nds ure pledged as addltlonal security for afl sums secured by
<br /> ;.• thisSecarity Instruacenw
<br /> �� . , if the F1wds held by Lender exceed We amounts pemtitted to be hetd by appltcable law. Lender shall account to
<br /> Barcower for the excess Funds in accordance wjth the�uircments of applIcuble law. If the amount of the Funds held by
<br /> Lender at aay dme is not sufficieut to pay the Escrow Items whea due.Lender may so nodfy Bormwer in wridng.and,in
<br /> -' � suc6 case Borrower shaU pay to Lender the amuunt necee�sary to make up the deficiency. Borrower shall make up the �
<br /> ; •� deficiency in ro more than twelve monthly payments,at Lender`s sole disct�etion. ��:=;;
<br /> }� �r ,^ ��Jpon payment ia full of all eums secured by tlus Securlty Insuument,I.ender shaU promptly refuad to Borrower any ,�;,.;,�
<br /> Fuarl$held by Lender. If.undeff patagraph 21,L.ender shall acqaIre or seU the Property.L.ender.prior to the acquisitlon or
<br /> sale of the Property. shall npply any Funds held by Lender at the time of acquisftion or sale as a cc�edit against the sums ''"�
<br /> ,. .�.
<br /> aecured by this Sr.curiry InsuumenG , _
<br /> 3. AppQeatloa oi Poymeats. Unless applicable law pmvides otherwise, ull paymenu received by Lender under
<br /> paregraphs 1 and 2 snaU be applle4:firat,to any prepaymeat charges due nnder ttie Note;second.to aznounts payable under
<br /> patagraph 2;Wl�d.to interest due;fowth.to principal due;and last,to any late charges due ander the Note.
<br /> , �R 4. Charges=Ltens. Borrower shall pay aU taxes. assessments.charges.fines and imposidons utMbutable to the '' '
<br /> pnoperty which may attain priorlry over this Securlty Instrumen�aad leasehold puyments or ground rents,if any. Borrower
<br /> shaU pay these obligations in the mauner pmvided in paragcaph 2,or if aot paid in that manner.Borrower shall pay them on •
<br /> time direcdy to the person owed payment. Bo�rower shal!promptly furnish to Lender al1 nodces of amounts to be paid under
<br /> ��,�� this patagraph. If Borrower makes these payments directly.Bormwer shall promptly furnish to I.ender receipts evidencIng
<br /> �r ;-._:;�.,��. thepuyments.
<br /> %W-� ==��-�' Bomower shall promptly discharge any lien wlilch has prIority over this Securlty Iastrumeat untess Borrower.(a)agtees
<br /> '��`�='-'��' ia wrlting to tbe payment of the obUgation secured by the lien in a manner acceptable to I.ender.(b)contests in goad fatth the
<br /> '=���-�•�`� liea by,or defeads against enforcemeni of the lien in, leg�l proceedings whjch in the L,ender's opinion operate to prevent the
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<br /> ""�;,,;��:,� ento�ement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinadng the Hen
<br /> ,.r;.�:,:; ;: to this Se.curity Insfrument If Lender determines that any part of the Properry is subject to a lien whlch may attain priority -
<br /> "�'� �'.�-u over thIs Security Iastrumen�L.ender may�ive Borrower a notice identlfyia$the lien. Borrower shall sadsfy the lien or take
<br /> :r,;,:�; ��:. ' one or more of the actions set forth above wlthin 10 daya of the giving of notice.
<br /> ' '�e•�!���•� ' . 5. Hezurd or Property Iasurance. Bomower shall keep the improvements now existing or hereafter erected on the
<br /> ' . �%��= Pcoperty ins�mgainat loss by t'ue,hazards included within the term"extended coverage"and any other hazards,includIng
<br /> ''� � � floods or floodifig,for which I.ender c�equires insuraace. This insurance shall be maintained in the amounts end for the
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