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<br /> ��,; . ,; TO(3F.THER WITH aU thc improvcments now on c�rcaRer crected on tl�o propeny.nnd all en�zm�nts,appurtcncu�ccs, �-
<br /> - � •�«;• �� nnd fixtures now on c�reatter�part of the prapctty. All rcpineennenes and additions shall also b�covec�d by this Security �:�._h.
<br /> `' . Inswment. /�II of thc foregofng is referred to In this Sccuriry Insuument as Ihe"Property." ��--=-•
<br /> -�F=�,�«4.�,���x;�;y„y.-•, BORROWBR COVfiNANTS lhnt 8anawer is lawCully seiscd of thr,cstatc hereby conveyed and hAS tho right to �rant �,,_`=�.
<br />°'' s►nd convey the Property and thnt ihe Property is unencumbered,exeept for encumbrnnces of record. Borrawer wcurcmts und
<br /> -.x., � �� wiil defenJ�;eneEally tiic uQc to tlt�Ptnperrty a�ainst ull claims and demands,subject to nny cncumbrancc s of nec:osd. �-.,-�.._:
<br /> -1:`��'���''���`�'��'�` �� TFiIS SECURITY 1NSTRUMENT cambines uniform covenanu for national use nnd non-unifonn covenants witli `
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<br /> �' � � limited varintions by jurisdicdon to consritute a untform security inswment covering real proparty. _
<br />_�;_�''. . UNIFORM COVENAN'I'S. Borrower nnd Lcndcr covcnant and ugc�c as follows: _
<br /> � �� 1. Phyment af Princl�al ustd Interest;Prepaynaent axed Late Charges. Borrowcr shall promptly pny when due the
<br />-.L:._. .. principal of and interest on the debt evidenced by the Note and any prepayment and late ch�rges due under the Note.
<br /> 2. �dy ear 7hxes und Insurunce. Subject to upplicable law or to n written waiver by Lender,Homower shall pay to _
<br /> ' I.ender on the day monthly payments are due under the Notc.unul the Noto is paid in full,u suui("Funds")for. (a)yeazly �-
<br />` �i, `f° taxes zuid assessments�vhich may attain priority over this Security lnstrument ns a lien on the Propeay;(b)yeurly IeASehold
<br /> ` payments ar ground rents on the Prapetty, if auy; (c) yearly hazard or property insurnnce prcmiums; (d) yearly flood
<br /> • � � insurance pr�mituns, if any: (e) yetu'ly mortgage insurance premiums, if uny; and (� any sums payuble by Bonowcr to
<br /> -: Lender,in accordance with the provisions of paragraph 8.3n lieu of thc payment of mortgage insurFSnce premiums. These
<br /> '.:�` � items are called"Escrow Items." I.ender may,at any time,collect und hold Funds in an amount nat to eaceed the maximum
<br /> '� � ainount a lender for a federally related mortgage loan may requu�e for Borrower'�escrow account under the federal Real
<br /> . .
<br /> �stnte Settiemcnt Prace�lures Act of 19'14 as arnended fram ame to time, 12 U.S.�.§2601 er seq.t"RESPA"),unless ano er
<br /> � law ihat npplIes to the Funds seu a lesser amounG If so.Lender may.nt su►y time,collect nnd hold FLnds In an ainount not to
<br /> � exceed the lesser nmount. Lendcr may estimate the amount oF Funds due on the basis of current data sir.d reusonable
<br /> r estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. or enti
<br /> .# � The Funds shall be held in an instituuon whose deposits are insured by a federal ugency. instrumentality, ry
<br /> ` ' (includ9ng I.ender,if Lender is such an insdtution)or in suiy F'ederal Home Loan Bank. Lender shall apply the Funds to pay
<br /> {1 • the Escrow Items. Lender rnay not charge Bormwer for holdi�g and applying the hlinds, �nnually analyzing the �scrow
<br /> � account,or verifying the Escrow Items, unless Lender pays B�rrower interest on the Hluids and applicnble law pennits
<br /> • Lender to make such n charge. Howevcx,Lender may reciuire Boaower to pay a one-time chazge for un independent real
<br /> estnte tax reporting service used by Lender in cannection with diis loan,unless applicable law provides otheruvise. iJnless an
<br /> agreement is made or upplicable law requires interest to be paid,I.ender shall not be required to pay Boao�vcr�ny ir.terest or
<br /> , earnings on the Flmds. �oaower:u�d l.ertder may agree in writing,however.that intcrest shall b�paid on the 1Funds. Lendcr
<br /> �__ . shall�ive to Bonower.witt►out charge,au:umual accounting of the Funds, showing credits and debits to the Fhnds aad the
<br /> .:��`.� purpose for which each debit to the tunas was made. TLo Fu,�us a��p!:;"s:N as additiIIr.s!�srit;for AI�ciim�cecured by
<br /> ' �� this Seeurity Instrument.
<br /> if the Funds held by Ixnder exceed the nmounts permitted to ba held by applicuble law, Lender sliall account to
<br /> � � Borcower for the excess Funds in nccordance with the reyuirements of applicable law. If thz amount of the Futtds held by
<br /> • Y..ender nt any time is not sufficient to pay the Escrow Items when due,[.ender may so notify Borrnwer in writing, and,in
<br /> ' .� such case Borrower shull pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly paymenu,at Lr.nder's sole discretion.
<br /> -� ' Upon payment in full of all sums secured by this Security Inswment,Lender shull promptly mfund to Borrower any
<br /> Funds hcld by Lender. If,under paragraph Z1,Lender shal(acquire or sell the Ptoperty,Lender,prior to the acquisiqon or
<br /> � • sale of�tte Property,shnll apply any Funds held by Lender at the time of acquisition or sale as a credit agsdnst the sums t.-_
<br /> ' � sec�ued by this Security Inswment. __,__.
<br /> 3. Appltcatfon of Psaymcnts. Unless applicable law provides uthenvise, all payments rcceived by Lender undcr —,__
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<br />- . . �� parugraphs 1 and 2 shall be applied:first,to any p�payment chazges due under the Note;second,to amounts payable undcr �__
<br /> . '" paragraph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note. �
<br /> - ` 4. Charges; i�tens. Botrowcr shall pay all taxes, assessments, charges, flnes and impositions attributable to the E*'_
<br /> ' • �� " Property which may attain priority over this Security Insuument,nnd leasehold paymcnts or ground rents,if any. Borro�ver �'
<br /> �.,;� • sh�ll pay these obligauons in thc manner provided in para�raph 2,or if not paid in that manncr,Borrower shall pay them on - .�1
<br /> ' timc directly to the person owed payment. Bonowcr shall promptly furnish to Lender ali notices of amounts to t►e paid under _.�:
<br /> this para�ph. If Bormwer makes these payments direcdy.Bon•o�ver shall prompdy fumish to Lenrier receipts evidencing ; .��
<br /> _ ' , the payments. -
<br /> ;: Borrower shall prompdy disch:uge any lien which has priority over this Security Instrument unless Boaower:(a)asrees ,�.
<br /> _.� �, in writing to the payment of the obligation secured by the lien in n manner acceptable to Lender;(b)contests in good faitti the ,
<br />_ ;�, lien by,or defends against enforcement of the lien in, Iegal proceed►ngs which in the Lender's opinion operate to prevent the
<br />_� , enforcement of the lien;or(c)secures from the holder of the lien an agneement satisfactory to Lender subordinating the lien
<br /> ,N to ihis 5ecurity Instrument. If[.ender determines tl�at any pan of the Property is subject to a lien which may attain priority
<br /> _=-� over this Security Inswmcnt,Lendcr may givc Borrower a notice identifying the licn. Borrower chall satisfy the lien or take
<br /> one or morc of the actions sct forth above within 10 days of the giving of nodce.
<br /> ' S. Hezurd or Properiy Insurunce. Borrower shall kcep thc improvements now exisung or hereafter crcctcd on the •
<br /> � • � Property insum.d agvnst loss by fire,hazards included within the tenn"extended coverage" and any other hazards,includin�
<br /> � " floods or flooding,for which i.ender requires insurance. This insur.mce shal! be mainttined in the amounts and for the
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