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<br /> 'I'OGFsCHfiR WI'fH nll Ihc impruvcments now on c�rcuftcr crccted on tftc property, iuiJ idl rnscmcnts,iippurtenmtces, l.r�
<br /> und fixtures now on c�rci�ftcr u pan of thc propctty. All rcplucctnents and iidditions �hull ulti<�hc covcrcd by this Security � ir!s�
<br /> Insuurnent. All of thc forcE;uing i�rcfcn•cd to in this Scruriry [nsuvment;�s thc"Property." --
<br /> ., BORROWER COVFiNAN'I'S that Borrowcr is luwfully sciscd of'thc estutc hcrcby cunvcycd unJ hi�s thc right to grunt � ��,
<br /> '' und convcy thc Praperty and thut thc Property is uncncumtx rcd,cxcept far cncumbrunces of rccord. Horrowcr warnuns and -
<br /> ' will dcfcnd gencrally thc tiQc to thc Property against ull claims and demurds,subject to any cncumbroncez of record. -
<br /> THIS SECURITY INSTRUMENT rombines uniform covenants for nationul use und non-uniform covenants with
<br /> li�nited variations hyjurisdiction to constitutc a uniforni security instrument covering reul property. � -
<br /> �� UNIFORM COVENANTS. Borrowcr and Lendcr covrnant and a�rcc us follows: °
<br /> 1. Puyment of Yrinclpal und Interest;�'repuyment and Gsate Chnr�e.c. Borrower shall promptly puy whcn due thc ��'�-
<br /> principal af and interest on the debt evidenced by thc Notc and any prepayment and lute churges duc undcr thc Notc. , �'�
<br /> 2. I�nda for'Ilixes und ln9urunce. Subject to applicuble law or to a written waiver by Lender,Borcower shull pa�to �
<br /> Lendcr on the dny mo�uhly payments are due under the Nnte, until the Ncne is puid in fuU,a sum("Funds") for: (a) yearly ° ,�
<br /> taxes and assessmems which may attain prionry ovcr ihis Sccurity Inctrument us a licn on thc Propeny;(b)yearly Ieaschold .�..:�a,,;i,�.��''�
<br /> 1 ments or round rents on the Pro ert if un , (c) yearl huzard or ro en insueance remiums; (d) yearl flood ,•�-='��--
<br /> P�Y S P Y• � Y' Y P P Y P Y � �.�..�.2�-
<br /> insueancc premiums, if any; (c) ycarly mortgugc insurance premiums, if any; and (� any sums payuble by Borrower to ",:,';„,.�r°�°=
<br /> �. .. m,,s.�.�:,_
<br /> Lender,in accord�nce with the provisions of parugraph 8,in lieu of the payment of mortgagc insur.incc prcmiums. These - '
<br /> . „ „��=-____ _
<br /> items are called"Escrow Items." Lender muy,ut any time,collect and hold Funds in an nmount not to excecd the muximum " =
<br /> amount a Icnder for a federally rclated mortgagc lo:ui may requirc for Borrowers escrow �ccount under the federal Real ��" f-- �
<br /> Estate Scttlement Procedures Act of 1974 as umendcd from time to timc, 12 U.S.C.�2601 et sey.("RESPA"),unlcss another "`:n�-"-"'
<br /> law that applies to thc Funds sets u lesser nmount. If so, Lender may,at any timc,collect and hold Funds in un amount not to �:;',�'���W
<br /> exceed the Icsser umount. Lender m�y estimate the amount of Funds duc on the basis of current data and reasonable °� "=-.-
<br /> � :.:�_=
<br /> estimates of expendi[ums c�F fuwre Escrow[tems ar otherwise in accordance with applicable lnw. . ,� ;�__
<br /> The Funds shall be held in an ins[itution whosc deposiGe arc insurcd by a fcderal agency, instrumentality,or entity �•-,__.
<br /> (including Lender, if Lender ix such an institution)or in uny Federal tiomr.Loun Bank. Lender shuU apply the Funds to pay +�":��--
<br /> the Escrow Items. Lender may not chargc Borrowcr for holding and applying the Funds, aanuully unalyzing the escrow a,#___
<br /> account, or verifying the Escrow Items, unless Lender puys Borrower interest on the Funds and applicable law pemuts -. __
<br /> Lcnder to m�ke such u chargc. However, Lender muy require Borrowcr to pay u one-timc charge for an independent real y,� a�,
<br /> estate tax reporting service used by Lender in connection with this loun, unlr_ss applicuble law provides otherwise. Unless an ,:�
<br /> - � ubeeeii►�iii i,r�iuuc u�uppiicubic iuw rryuirrs incerest to oe puid,i.ender spali not be reqmreU to pay Horrower any interest or '� �,�'-
<br /> carnin�s un the Funds. Borrowcr and Lendcr may agrec in writing,however,that interest shall be paid on the Ftmds. Lender ��� =!�'L.,
<br /> shaD give to Borrower,without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the ..� ?�'''
<br /> ' purpose for which eacl�debit to thc Funds was rnade. The Funds are pledged us ndditionul secui9ty for�Il sums secured by �'� ''�'`
<br /> this Security Instrumcnt.
<br /> - If �he Funds held hy Lender exceed the umounts permiued to be held hy upplicable law, Lender shall account to 4`� ; �
<br /> Borrower for the excess Funds in accordance with the requirements of upplicable law. If the amount of the Funds held by
<br /> Lender at any tim� is not sufficicnt to pay the Escrow Items when duc, Lender may so notify Borrower in writing,and,in
<br /> • such case Bonower shsll puy to Lender the arnoun[ necessary to make up the de6ciency. Borrower shall make up the � :,. ��
<br /> dcficicncy in no morc thun twclvc monthly paymenls, at Lender ti solc discrction. ,,;_.y'
<br /> Upon payment in full of aU sums secured by this Security Instrumcnt, Lcnder shall prompdy refund to Borrower any •� �
<br /> Funds held by Lender. ff,under puragruph 21. Lender shull.icquire or scll the Property,Lender,prior to the acquisition or �",.�_
<br /> salc of thc Property,shall apply uny Funds hcld hy Lcndcr ut thc timc of acquisition or salc as a credit against thc sums ,.�..
<br /> secured by this Security Instrument. �—^:-
<br /> 3. Applicution of Payments. Unless applicable law provides otherwitie, all pnyments received by Lender under ''p�%r�-�
<br /> parabraphs I und 2 shall he upplied:tirst,to any prcpayment charges due under the Note;sccond,to amounts payable under �� '.;��,-�—
<br /> paragraph 2;third,to intcrest due:founh,to principal duc;and last,to any late churges duc under thc Note. ,�'�,rY':="
<br /> 4. Char es; Liens. Borro•�er shall �-"�"'�'��c
<br /> � pay all taxcti, asses�ments, chargcs, fines and impositions attributable to the , .��,`. •
<br /> Property which may attain priority ovcr this Sccurity Instrumcnt,and Icuschold puyments ur ground rents,if any. Borrower �!?4°,-°�:•�:
<br /> shall a thesc obli ations in thc manncr rovided in ` • -x?>:_� =°'-
<br /> . P Y S p p�ir.►graph 2,ur if not paid in that manncr, Borrowcr shall pay thcm on •-,,,;,m,�r..��._
<br /> time directly to the pertion owed payment. Borrowcr shall promptly furnish to Lender all notices of amounts to be paid under ,
<br /> this paragraph. If Borrower makes thc�c payments dircrtly,Borrower shall promptly fumish to Lendcr reccipts evidcncing �' • . r�-
<br /> . thc payrncntx. ��
<br /> Borrowcr shalt promptly di&chargc any licu which hus priority over this Security Instrumcnt unlesx Borrowcr.(a)agrees . '
<br /> in writing to thc paymcnt ot thc obligation securcd by thc lien in a manncr acceptablc to Lcndcr;(b)contests in good faith the
<br /> lien by, or defends against enforcement of the lien in, legal proceeJings which in the Lender ti opinion operate to prevent the � �
<br /> enforcernent of the lien;or(c)sccures from the holder of the licn an agreement satisfactory to Lender subordinating the lien `
<br /> to this 5ccurity InstrumenL If Lender determines that any part of thc Property is subject to a lien which may attain priority
<br /> over this Securiry Instrument,Lender may give Sorrower a notice identif'ying the lien. Borrower shull satisfy the lien or take I _
<br /> one or more of the actions set forth above within 10 days of the giving of notice.
<br /> 5. Huzurd m•Property Insurance. Borrowcr sha11 keep thc improvemcnts naw cxisting or hercaRer crectcd on the �
<br /> Property insured against loss by fire,hartrds incluJed within the Ierm"ex�endeJ coverage" and any other hazards, including I
<br /> • tloods ur flcwding, for which Lendcr reyuires insurancc. This insurancc shall be maintaincd in thc amount� and for the
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