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<br /> } _ TOGETHBR W1TH all thc`impravcmcnGy now on c�rcaftcr crccted on thc property,and alt cascment+,uppnrteni�nccs, °`'
<br />_. and fixtures now or hereafter a pact of the property. All replacements und additions shall also be covered by this Security =-_
<br /> . Inswment. All of the forc�oing is rcfcrred to in this Sccurity lnstnrment os thc"Property." �
<br /> . BORROWER COVENANTS�hat Borrowcr Is lawfully seised of thc estate hercby conveyed and hns �he right to grant __ _
<br /> and convey the Property and that the Property is unencumbered,except for encumbrances of rr.cord. Borro�ver warrants and __
<br /> will defend generally the ude to tlie Property against all cluims and demands,subject to any encumbrances of record. __
<br /> THIS SECURITY INSTRUMENf combines uniform coven�u�ts for national use a�d nan-uniforrn covenants with `._.
<br /> : , . limited variations by judsdiction to cons6tute a uniform security inswrnent covering real property.
<br /> ; LTNIFORM COVBNANTS. Borrower and Lender covenant and agrec as follows: _—
<br /> : 1. Puyment of Principal ar�d Intcrest;Prepaymeeit and Late ChArges. Bosowcr shall promptly pay when due the ---
<br /> , �� principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under thePiote. �
<br /> 2. FY�nds for Thxes and Insurance. Subject to npplicable law or tn a written waiver by Lender. Borro�ver shall pay to
<br />� Lender on the day montlily payments are due under the Note,undl the Note is paid in full,a sum("Funds")for.(a)yenrly
<br />= uxxes�uiJ assessments which mny aitaiii priodry over this Security Instrument as a lien on the Property;(b)yearly icasehold `
<br /> y n paymenu or ground rents on the Propertyt if any; (c) yearly hazurd or pruperty,insurance premiums; (d) yearly flood ��
<br />" insurance premiums, if any; (e) yearly mongage insurance prem�ums, if uny; und (� any sums payable by Borrowcr to
<br />� , . . Lender,in accordance with the provisions of paragraph S, in lieu of the payment of mortgage insurnnce prcmiums. These �����
<br />� • items are called"Escrow Items," Lender may,at any time,collect and hold Funds in an umount not ta exceed tl�e maximum _
<br /> • j� a�nount a lender for a federally related mortgage loun may reyuire for Aorzowcr's escrow account wnder�he federal Rcal --_
<br /> Estate Settlemcnt Procedures Act of 1974 as Amended fram time to tiine, 121J.S.C.§2601 et seq. ("RES�A"),unless another --
<br />° law thut ttpplies to the Funds sets a lesser amount. If so,Lender may,at any tim�,collect and hold Flinds in an�smount not to --
<br /> exceed the lesser amount. Lender muy estimate the amount of Funds duc on the basis of currens datn and reASanable
<br /> estimates of expenditures of future Escrow Items or otherurise in accordance with applicuble law. _.
<br /> � The Funds shall be held in an institution whose deposits arc insurcd by n federal agency, instrumcntality, or entity
<br /> (including Lender,if I.,ender is such an insptution)or in uny Federal Home Loan Bank. Lender shall apply ihe Funds to pay �
<br /> ' the Escrow ltems. Lender may noi charge Bono�ver for holding and applying the Funds, annually analyzin�ihe escrow �''=�-
<br /> account, or verifying the Escrow Iierns, unlcss I,endcr pays Borrower interest on the Flrnds and applicable law pertnits �-:___
<br /> . Lender to mukc such a chargc. Ho�vevcr. Lcndcr muy reyuirc Bortowcr tu pay u onc-timc chargc for an independr.nt real �;.�_-
<br /> estate twc reponing urvice used by Lender in connection with this loan,unless applicable law provides othenvise. Unletis an ,
<br /> , agreement is made or applicublc law rc;quirch intcrest to Uc paid,Lender tihull not be required to pay Borrovvcr nny intcrest ot =--
<br /> • carnin�s on thc Funds. Borrower und Lendcr mny ngrec in writing,howevcr,thut intcrest shall bc paid on theFvnds. Lcndcr
<br /> ' chall give to Borrower,without charge,nn annuul nccounting of she Funds,sh��wing credit:;and debits to the Funds und the ���
<br /> purpoxc for which cuch dcbit to thc Funds wns made. The Funds urc nledgcd us additional �ecurity for all sums securcd by `�t-
<br /> this Sccurity Instrument. ' -
<br /> If the FwiJs held by Lender excecd the umounts permitted to be held by applicable luw, Lender shall account to
<br /> Bartowcr fur the excess Funds in accordance with the requirements of applicablc law. If the amount of the Funds held by
<br /> Lender nt any time is not suf'ficient to pay the Escrow Items whcn duc, Lender may so notify BoROwer i n+vriting,nnd, in
<br /> ' such case Borrower shall pay to Lender the amount necessury to inake up the deficiency. Borrower s7�all malce up the
<br /> deficicncy in no more than twelvc monthly payments,at Lender�sole discretion.
<br /> Upon payment in full of all sums sccured by this Security Insmnment, Lender shsll promptly refund to Borrower uny
<br /> ' Funds held by Lender. If,under parasraph?.1,Lender shall acquire or sell the Property,Lender, prior to tlk acquisition or
<br /> sale of thc Property, shall apply any Funds held by Lcndcr at the tinne of acyuisition or sale as a credit against the sums
<br /> ' secured by this Security Instrument.
<br /> � , 3. Applicatlon of Psiyments. Unless applicable law providcs otherwisc, all puyments reccived by Lender under '
<br /> • paragraphs 1 and 2 shall bc applied:first,to uny prepayment charges due under the Note;second. to arnounls payable undcr
<br /> . para�raph 2:third,to intc��;st due;fourth,to principal duc;and last,to any latc charges due under the Note.
<br /> „ 4. Charges; Lfens. Borrower shall pay all taxes, assessmcnts, chargcs, fines and imposiGons attributable to thc
<br />� Property which may attain priority over this Security Instrument, nnd Ieaschold payments or ground rents, if any. Borrower
<br /> � shall pay these obligations in thc manncr provided in paragraph 2,or if not paid in thnt manner,Bortower tihall pay them on
<br /> timc directly to the person owed payment. Bon•ower,hall promptly furnish to Lender all noticcs of amounts to be paid undcr
<br /> —j this paragraph. If Borrowcr makes ihesc paymcncs directly,Borrowcr shall pr�mptly fumish to Lender receipts evidencing
<br /> `r tha payments.
<br /> ' Aorrower shall promptly dischurge any lien which has priority over this Security Instrument unlcss Borrosver:(a)agrces
<br /> in writing to the payment of the obligation secured by the lien in a manner acceptuble to Lender;(b)contests in good faith thc
<br /> lien by,or defends ugainst enforcemeret of the lien in,legal proceedings which in the Lender s opinion aperaic to prevent the
<br /> ,,� enforcement of the lien;or(c)secums from the holder of the lien an a�reement satisfnctory to Lender subordinatin6 the lien
<br /> to this Securiry Inswment. If Lender detemiines that uny part of the Property is subject to u lien which may uttain priority
<br /> over this Sccurity instrument,Lender may�ive Bonower a notice idcntifying the lien. Sorrowcr shall�atisfy ihe lien or takc
<br /> one or more of the actions set forth above within 10 duys of the givin��f notice.
<br /> • 5. Hnztird ur Property Insurance. Borrowcr shall kcep the irnprovements now existing or hereaftcr crected on thc
<br /> Property insured against loss by fire,hazards included within the terni "cxtcndcd covcragc"and ariy othcr ha�ards,inrluding
<br /> ' •• tloods or flooding,for which Lender requires insurance. This insurance shall be maintained in the amounts and for the i
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