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<br />- , TOt3ETHER WITH all thc improvements now or hereafter erectcd on the property,�Il(I ill�C15Ct111CIlIti,appurtcnc�nccs,
<br /> nnd fixtures now or hercaftcr a part of the propeny. All replacemcnts and�dditions shnU ulsu bc covr,rcd h,y tiiis Sec��rity
<br />-��:. � ` instn�mcnt. AU o�'the fore�oing is��eferrcd to in this 5ecurity Instrument us thc"I'rop�rty."
<br /> BORROWER COV13NA1V'fS that Borrower is Inwfully seised of the cstate hercby convcycd nnd I�ra9 the right t�grnnt
<br /> nnJ convcy►he Prupe�ry and thac the Propcny is unencumb�red,except for encumbr.►nccs of record. Bnrro�mr wnre;mis nnd _
<br />_�:t ' • will defend generslly the title to the Property against all daims and dema��ds,subjecc to nny encumbranees of rccord.
<br /> " -• � THIS SECURITY INSTRUMENT cambines uniform covenants for national use and non•uniform covcnnntti witit
<br /> • . Iimited variations by jurisdiction to constitute a uniform security instrument covering rcal pro�cny.
<br /> UNIFOltM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> t. Pnyment of Princfpal und Interest;P�epayment and Late Char�es. Borrower shall promptly pay when duc tlic
<br />_ „ principal of and interest on the debt evidenced by the Note and any prepayment and late charges due un�er•thc Note,
<br /> Z. I�ue�ds for Thxes and Insurance. Subject to applicable law or to s written wniver by L�nder,f3orrower shull pay to
<br /> Lendcr on the day mondily payments ure duc under the Note,until the Notc is paid in full,a sum("Funds") for:(a)ycarly —
<br /> �� ' ti�xes cuid assessmencs which may attnin priarity over zhis Security Instrument as a licn on thc Property; (b)yenrly leaschuld
<br /> �� „ I paymcnts or ground rents on the Property, if any; (c)ycarly hazard or property insurance premiwns; (d) yenrl} flaod �
<br /> � insurunce premiums, if any; (e) yearly mortgage insurance premiums, if any; and (� any sums pnyable by Borruwer to
<br /> Lender, in accordance with the provisions of paragraph 8, in lieu of thc paymcnt of mongs►ge insur,uice premiurns. These
<br /> i items are called"Escrow Items.' Lender may,at any time,collect and h�ld Funds in an amount not to exceed the maximum
<br /> i amount a Iendcr for a federaUy related niortgnge loan may rcquirc for Borrower':: escrativ nccount under the federal Real �
<br /> � Estate Settlement Procedures Act of 197A as nmended from time ro time, 12 U.S.C.§2601 et seq. ("RESPA"),unless another
<br /> ; .,� law thac applies to the Funds sets a lesser amount. If so,Lender may,at uny time,collcct and hold ELnds in an nmount nat to
<br /> excccd the lcsscr amount. Lender muy estimate the amount of Funds duc on the basis of current data und reasanable -_
<br /> - ° estimates of expenditures of future Escrow Items or othernise in accordance with applicable law.
<br /> " ' Thc Funds shull be held in an institution whose depasits are insured by a federal agcncy, instrumentANty, or cntlry
<br /> � (including Lendr.r,if Lender is such an institution)ar in any Federal Home Loan Bank. Lendcr shalt apply thc Funds to pay
<br /> � thc L'scrow Items. Lender may not charge Borrower for holding and applying the Funds, nnnually analyxin� the escrow
<br /> nccount, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds und applicable inw permits
<br /> I..cndcr to make such a charge. However,Lender may require Borrower to pay a one-timc charg� for an indcpendent rcnl .�_
<br /> cstt►tc tax rcponing service used by Lender in connection with this loan,unless applicable Inw provides othcrwise. Unlcss an —
<br /> agrcement is madc or applicable law requires interest to be paid.Lender shall not be reyuired to puy Bo�rower any intcrest or ____
<br /> carnin�s on the Funds. Borrower and Lender may agrce in writing.however,that intcrest shall be paid on the Funds. Lende�r __
<br /> ' shall givc to Rorrowcr,without charge,nn annual uccount�ng ot tnc tunds,showin�cmaics ana dcoits co thc r"unds anci ih¢ _
<br /> purposc for whi�:h each debit to the Funds was rnade. The Funds are pledged as additional security for all sums secured by
<br /> this Sccuriry Inshvment �
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> � � Bonower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by '�
<br /> Lrnder ut nn time is not sufticient to a the Escrow Items when due, Lender ma tio notif Borrower in writin and,in "
<br /> Y P Y Y• Y S� �,;;,,.
<br /> " • such case Bartower shall pay to Lender [he arnount necessary to make up the deficiency. Borrower shall make up the °-.-.•T
<br /> . dcficiency in no more than twelve monthly payments, at Lender's sole discretion. _
<br /> � Upon puyment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Bonower uny _
<br /> . Funds held by Lendcr. If,t:nder paragraph 21, Lender shall acquire or sell the Property,Lcnder,prior to the ncquisition or
<br /> sale of thc Properry, shall apply any Funds held hy Lender at the time of acquisition or sale as a credit against the sums :
<br /> secured by this Security Instrument. �'•
<br /> " 3. Appllcatton of Payments. Unless applicablc law provides otherwise, all payments received by Lender undcr
<br /> paragraphs l imd 2 shull be applied:�'irst,to any prepayment charges due under the Note;second,to amounts payable under
<br /> paragraph 2:third,to inlcrest due;fourth,to principal due;and last,to any late charges duc under the Note.
<br /> � 4. Char�es; Llens. Borrower shall pay all taxes, assessments, charges, fines und impositiona attributable to thc
<br /> Property which nu+y attnin priority overthis Securiry Instrument,and Ieasehold payments or ground rents,if uny. Borrower
<br /> shnll pay thesc obligutions in thc manner provided in paragraph 2, or if not paid in tliat manner,Borrower shall pay thcm on
<br /> time dircctly to thc person owed payment. Borrower shall promptly fumish to Lender all notices of arnounts to bc paid undcr
<br /> � this paragr►ph. It Horro�ver makes ►hese paymencs direcUy,Be�rtuwer�fisll p�umptly furni,h to Lender receipts evidencing � -
<br /> � ., thc paymcnts.
<br /> ._ Borrower shall promptly dischurge any lien which has priority over this Seeurity Instrument unless Borrowcr:(a)agrees �
<br /> , in writing to thc p�rymcnt af thc ubligation securcd by the lien in a manncr acceptable to Lendcr,(b)contests in good faith thc
<br /> � licn by, or defendti abainst enforeement of the lien in,Iegal proceedings which in thr Lender's opinion operate to prevent the
<br /> � . enfurcement uf the licn:ur(c)+ecures from the holder of the lien an agreement sacisfacrory to Lender subordinating thc licn
<br /> to this Security Inrtrument. If Lender detertnines that any part of the Property is subject to a lien which may attain priority
<br /> ovcr this Sccuriry Ins�rument,Lcndcr may give Borrower a notice identifying thc licn. Borrowcr shaU satisfy thc licn or take �
<br /> onc or morc of the actions sct forth.ibovc within 10 days of the giving of natice. �
<br /> 5. Huzurd or Pruperty InsuruncR. Borro�ver shall keep the improvements now existing or hereafter crected on the
<br /> S Property insured a�ninst loss by fire,hiv.ards included within the term"extended coverage"and any other huzards, including
<br /> ftoods �r fluc�din�;, for which Lcndcr i�cquires �nsurancc. This insurancc shall be maintained in thc amounts and for thc
<br /> . Form 302l1 9190 tpaxe 2�Jn paA,•s�
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