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<br /> ` 'f�GETH�Ii WITH nll thc improvcments now or hercnftcr crested on dic property,und ull cnsen�cnts,nppurtenanccs,
<br /> -�. . nnd fix�ures now on c�rcaftcr n pnrt of thc prnperty. AIA rcpincemcnts nnd nddi�iuny shidl uls�bc covcrcd by this Sccurity
<br />�.:,# In:,trumcnt. All of the foreguing is refcrrcd tn in this Sccurity Instrument ns th�"Pruperty,"
<br /> �y ' k30RCtOWER COV�NANTS thut Ilorrowcr is li►wfidly scised of the estiac hrrcby convcycd nnd hns thc rir,ht to prunt •
<br /> __n•<� und comey the Praperty und Ihnt thc('rc�perry Is unen�unihered,except for cnc�nnbrcmces of record, Horruwer wm•runts nnd
<br /> will dcfcnd gcncrally�I�c Ullc to ilic H�nperty na��inst nll daims und dc�nnnds,suhJcct tu nny rncumhrnnces of rccnrd,
<br />`_-;�h 7'HIS S�CURITY INSTiiUMI?h!T cim�bincy uniform covcnnntti fur nutiunul usc uaA non•nnilorm covcnnnts with
<br /> -• � " limitcd vnriationy by juritidtctiun to cnnsd�utc n unifunn sccurity Insuumcnt cuve�ring rcul pre�perty. ��`;
<br /> UNIC'ORM CUVF?NANTS, 13urnnvcr nnd l.cndcrcovcn�ant wi�!ugrcc ns iblluws:
<br /> „ • 1. Fs�yneent of Prtnclpul uutl Interest;Prepuy�nent nnd I.atc Cl�t�rges. lli�rrowcr shnll prompdy pay when duc thc
<br /> principul of and intcrest on thc dcbt cvidenced by thc Notc nnd any prcpnymcnt und I�nc cimrgcs duc undcr thc Note.
<br /> : . 2. l��nde for 71�xcs nnd Insurnncc. Subjcct to upplicnblc law or to u writtcn w��ivcr by Lcudcr. Horrowcr shall pay to
<br /> Lcndcr on thc di�y monlhly puymc�is iirc duc undcr thc lVotc,u�itil thc Notc is paid in full,n tium("Funds")for:(a)ycar7y ,�6•'
<br /> , taxes and nssessmems which may auain priority ovcr this Security Instn�mcnt us a licn on thc Propeny;(b)ycarly lcaschold —"_
<br /> - paymcnts or ground rents on thc Propcny, if Any; (c) ycarly ha�.ard or property insura�cc prcmium�; (d) ycurly flood ��
<br /> insurnncc premiums, if uny; (e) yearly mortgagc insumncc prcmiums, if nny: and (� any sums payable by Borrower to �;,,,L
<br /> Lender,in accordanee with the provisions of paragraph 8,in lieu of the�ayment of mongage iusurance premiums. These -°—`'
<br /> ; � items arc callcd"Escrow Itcmti" Lender may,at any time,collcct anc5 hol�Funds in an nmount not to cxcecd the maximum --_
<br /> .' amount u lender for a federally rel�ted mortgage loan may rcquire for Borcowcr s escrow eccou►st undeS the fcdcral Rcal
<br /> Estate Settlement Procedures Act of 197A as amended frorn time to time,12 U.S.C. §2601 et seq.("RESPA"),iinless another
<br /> , law that applics to thc Funds scts u Icsscr amount_ If so,Lc�der�nay,at o�y timc,rollcct and hold Funds in�ui a�nuuut uul fo �-
<br /> $ •� exceed thc Icsser amount. Lendcr may estimate the arnount �i Funds .lue on � c � �sis ol •utrent data and masonable °-
<br /> estimates of expenditures of future Escmw Items or otherwise in accordance with applicable law. _.
<br /> ; The Funds shall bc held in an instituuon whose deposiGti are insured by a fedcrnl agency, instrumentality, or entity �?,=;,,
<br />, ' , _ (including Lender,if Lender is such an institution)or in ciny Federal Home Loan 9ank. Lender shall apply the Funds to pay
<br /> „" the Escrow Items. Lendcr may not charge Bo►TOtiver for holding�uid applying the Funds,annually analyzing tha escrow _
<br /> account, or verifying the 8scrow Itc�ns, unless Lender pays Bonower intcrest on the Funds und applicnble law permits -
<br /> Lcnder to make such tt chargc. Hotvever,Lender may require Boaowcr to pay t►one-time charge for an independent real _
<br /> estatc ttuc reportins scrvice used by Lender in connection with this loan,unless applicable law ptovides othenvisc. Unless an
<br /> agreement is made or applicublc luw requires intemst to be puid,Lender shaU not b�requimd to pay BoROwer any in�erest or -
<br /> � cumings on thc i'unds. Borcowcr and Lender may ngree i n�vriting,however,that interest shall be paid on thc I�nds. I.ender —
<br /> shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds und the =
<br /> _ �ur�,nse for which each debit to the Funds was made. The Funds are pledged as additional security for nll sums secured by '
<br /> this Security instrument.
<br /> ' If the Funds held by L.ender exceed the umounts permitted to be held by applicablc law,Lender cha9l account to `°
<br /> Borrower for the excess Funds in accordance with the requirements of applicable law, If the amount of the Funds held hy -
<br /> � Lender at�ny time is not sufficient to pay the Escrow Items when due,Lender may so notify Bottower in wripug,and, in
<br /> � such case Borrower shull pay to Lender the amount necess:uy to make up the deficiency. Barrower sh�ll make up tt�e
<br /> „� ° deficienry in no more than twelve monthly paymenu,at Lcnder's sole discretion. --
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shull promptly refund to BoROwer any
<br /> ` Funds held by Lender. If,under paragraph 21, Lendcr shall acquire 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 ucquisition or sale as�credit against the sums
<br /> �.
<br /> �� secured by this Securiry Instrument. �_;"�
<br /> • ' 3. Application of Puyments. Unless applicable law provides otherwise, all Qayments received by Lender under ,�,,.
<br /> � � paragraphs 1 and 2 sliull ue applied:F rst,to uny prepuyment charges due under the Note;second,to amounts payable under �
<br /> . paragcaph 2;third,to interest due;fourth,to principal due:and last,to any late churges due under the Note. ��=�
<br /> '� 4. Chnrges; Liens. Borrower shall pay all Gixes, assessmcnts, charges, fincs nnd impasitions attribuusble to the �
<br /> ' � � Pro crt which ma attain riorit over this Securit Instrument,and Icaschold a ments or round rents, if an . Borrower �Y�
<br /> . P Y Y p Y Y p'Y � Y [.u^=
<br /> ' shall pay these obligations in thc m;mner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on -
<br /> ° time dirccdy to the person owed pnyment. Barrower shal I promptly furnish ro Lender all notices of amounts to be pvd under y y
<br /> this pv�agraph. If Borrower makes these payments directly, Borrower shall promptly fumish to Lender receipts evidencing '''�
<br /> the payments.
<br /> Borrower shall promptly discharge any licn which has priority over this Sccurity[nstrument unless Borrower:(a)agrees =
<br /> in writinb to the payment of the obligation secumd by the lien iu a manner acceptable to Lender;(b)contests in good fnith the
<br /> . lien by,or detends against enforcernent of the lien in, Iegal proceedin�s which in the Lender'.s opinion operate to prevent the
<br /> . enforcement of the lien;or(c)securcs from the holder of the lien an agreement satisfnctory to Lender subordinating the lien �;�
<br /> . •' to this Securiry Inswment. If Lender determines that aRy part of the Property is subject to a lien which rnay attain priority -
<br /> - over this Security Instrument,Lender may give Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> . one or more of the actions set furth above within 10 days of the giving of notice.
<br /> � , 5. Hnzurd or Property Insurance. Bo►rowcr shaJl kcep the improvcmcnts now cxisting on c�reaitcr crectcd on the
<br /> : Propeny insured Aguinst loss by fire,huzards included within the tertn "extended coverage" and any other hazards,including
<br /> i floods or flooding, for which Lender rcquires insurance. Tlii� insur.mcc shall be maintained in the amuunts and for the
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