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<br />; fix9ures nnw or he�•eafier r� part nf the property. AU repincements and nddf�fons ehull �dsa hc covered by �I�is Securiry �ti�:
<br />' i�ntrumci�t.All uf t0�c fumgoi��g is rcPcrred tii In this Sccurity instnimcnt ati ih� "Prupcny." �'��`'
<br />, f30RRQW[?R CQVENAN'T��hat Ikmuwcr is Inwfully tciscd of dtc rstutc I;crchy cu�tivcycd und hati thc right m brnnt nnd �t�:�
<br /> cotivey �he Pro�xrty iind �hat the Property is unencwnbered, except for encumbrmsc��s af reci�rd. Borr�wer �varrants and will �"M'
<br /> defend generally tlie tiUe eu t�te Prope��ty nbiiinst all elaims u.r.d demancts,subjcct to nny encumbrances uf recurd. ; �
<br /> TI�IIS S�CURITY INSTRUMBNT combincs unifarm cov�n�ints for �iational usc and non-uniform cuven;uus with limitnl �'"'
<br />� ��' -
<br /> variutiuns�y j�rlsdictiun to c��nstitutc u uniPonn security instrumcr�t ccwcring rc:d property. �' '
<br /> UNIt�ORM COVENAN'!'S. Borr�nvcr und I..cndcr cavenant and agrcc us fallmvs: ��`�'
<br />� 1. Paynnent of Nrinclpul and Iateresh, Prepnyment and l.atc Chnr��s. Burrowee shall promptly pay when due thn ,i.,^��;
<br /> principal of nnd interest on U►e debt evidenced by the Note anJ any prep�yment and late chnrges due under die Note. :��*
<br /> 2. Funds for'Pnxcs and Insurattice. Sub'cct to n licublc luw or a�a writtcn waivcr b [.cndcr, Borruwcr,liall a to ut�`�r-�
<br />! J PP Y V'Y ei'cw.-_
<br /> l.endcr on►hc day monthly paymcnts are due undcr thc Natc.until dic Notu is paid in full,a sum("Funds'7 for:(�) curl taxes "°'�°'
<br /> i Q�s--
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<br /> and assecsments which may attain prioriry aver this Security Instruroent as a lien un the Properry;(b)yearly IeaSChold payments �_-_
<br />� or ground rents on the Property,if any;(c)y�.lrly I�aG1rd or propeny insurance premiums:(d)yearly fluod insumnce prem+mns� �:--—
<br /> if any; (e)yearly mortgagc insurancc prcmiums, iP any; and(fD uny sums payuble by I3o�rower to Lcndcr, in accmdance with �""`
<br /> the provisions of parngraph 8, in lieu of the payment of martgage insunnce premiums.These items are called"Escrow ItemS•."
<br /> 1Lender may, at :u�y time. cullect and hold Funds in an amount not to exceed the maximum amount a lender for n federnlly _
<br /> ntatc�i mortgagc loan may require for Borcower's cscro�ti• account under the fcderal [teul Estatc SctUement Proccdures Aci of
<br /> 1974 as amcnded fram time to time, 12 U.S.C. Section �501 et seq. ("RESPA"),unlcss another law tt►at applies to the Fun:is
<br /> sexs a Iesscr a,-nount. If so, Lender m;3y, at any timc, cnllect and hvld Funds in an xmount nut to exceed �he lesscr umauut, riA,�
<br /> Le�dcr mav cstimate the amount af Funds due on the basis of cuRCnt data and reasonablc estimates of expenditures of futurr.
<br /> Escrow Items or othenvise in etccordance with applicable la�v.
<br /> 'i'he Funds shall lic h�:id in an institution �vhose�1�posits arc insured by n fi:derai ngency, instrumentality. or cntity
<br /> (including Lendcr,if Lendcr is such an institution)or in any Federal Home I,oan Ba�ik. Lender shall apply the Func�s to pay th� -
<br /> Escro�v Itcros. [,emicr may n�t charg� Barrowcr for li�lding and applying the Funds, unnually aualyzing thc escrow r.r.u�i�nt,or
<br /> ve�•ifying thc Escrow Itcros,unlc�s I.ender pays Bonawcr interest on the Funds and applicable la�v permits Lendcr to malcq suc.�
<br /> a chargc. I-lowevcr. Lendcr muy rcquire Borro�vcr to pay a one-time charge for an indcp�ndent rcal estate tax reponiri�; scrvicc
<br /> useci hy I.enJer in connection with this loan, unless applicable law provides ottr�zrwise. Unless an agreement is mar.its or
<br /> �pp�icuble luw rcquires intcrest to be paid, Lender shall not be rcquircd to pay Borrc�n�ar uny intcrest or cumings on•et�c Puntls.
<br /> Bonower nnd Lcndcr muy agree in wrieing, howcver, thut intcrest shall be paid on the Funds. Lendcr shall give tu Darmw�r, —
<br /> without chucge, an annuul acwunting of thc Funds, sliowing credits and debits to the Funds and the purpose fcir.�+•htch elicn
<br /> dcbit W tlic Cunds was madc. The Funds are pledgcd as additional sccurity for all sums secured by this Security Ii�.ztn�ut�nt.
<br /> If thc Fuiids held by L.e�der cxceed the umounu permitted to bc hcld by applicable lnw, L.cndcr:sli�lll accaunc.tn Horrower
<br /> for the excess Hunds in accordance with the requirements uf npplicable law. If the amuunt of tlte Funds held by i.er�Jer at nny
<br /> time is not sufHcient tu pay tlie Escrow ltem:when due,I..ender may so notify Borrower in writi�,;,and,in suclz caae Dcnmwwt
<br /> shall pay to I.ender die iimount necessai�•ta make up the deficiency. Eiurrower shall make up the deficiency in•n�mt�re thnn _
<br /> twclvc monthly paymcnts,at Lender's solc discretion.
<br /> Upon payment in full ui sd1 sums secured by this Security instrument. Len;]::r chall prompdy refund to Hnrm�ti�cr any
<br /> Funds hr.ld by Lcnder. lf,undcr parigrnph 21, Lendcr shull acquire or scll tlic Arcr�c•cty,Lender,priar to the ucRr+isi►inn or.sale
<br /> of the I'ropeny,shull apply any Funds held by Lender at the time of acyuisitiun ur sale as a crcdit ayainst dic suln3 securcc�b�
<br /> this Sccuriry Instrument.
<br /> 3.Applics�tion of Fay�mcttts.Unless upplicablc law provides nthenvise, all p�yments reccivcd by[.ender urx7¢r pa�igrnphs _
<br /> 1 and 2 shall bc applicd: firsa,to uny prepayment charges duc under the Notc: secnnd, to amounts payable under�ra�;ruph 2; Y
<br /> ttrird, ta intetest duc;founh, to principal duc:und lust,to any latc charges due under thc Notc. _
<br /> 4.Chary;es; l.lens. B�rrower shall pay all taxcs, assessmentf, cliarges. fincs and imposition;attributable to th:Prop,rty
<br /> which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borror.�:r sltill pay
<br /> �I�ese obli�ations in the manncr provided in parngraph 2,or if not paid in.that manncr, Borrowcr shall pay thcm on tim:directly
<br /> to thc person o�vctl paym�at. Borrowcr shall prornptly fumish to L.cndcr a!I noticcs of amounts to bc paid undes Ch.is patrogrt�ph. —
<br /> If Borrower nwkex these p.�}�.ments Jirectly,Borruwer shal:pmmptly:urnish to Lender receipts evidencii�g the ryay�m:aLS. --
<br /> Borrox•er shnll promptly discharge any licn�vhich has priority ovcr this Securiry Instrument sinlcss Borrowcr: (n)a�rccs in --
<br /> writing ta dtc payment uf thc obligntion se:.�arcd by thc licn in a inar.ner acceptable to[.ender;(�i1 contests in�oaA faith ahe licn
<br /> by. or defends ugainst cnforccment of t;he licn in, legal proceeciings which in thc Lende�'s opinion opernt� to prevent the _"=
<br /> cnforccment af thc licn: or(r)sccures from thc frolder of thc lie�i an :igrcemcnt satisf:utory to Lendcr sulx��dinatlrtr,thc lien to �;;.�.
<br /> fhis Sccurit Instrumcnt. If l.c�idcr determines that an rt of tBc Pro rt �s sub'ect to a licn which ma atteiri riorit��rvcr �''�-`
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<br /> this Sccurity I�istrununt, IAndcr may givc Borro�vcr a noticc idcntifying thc lien. Borrotvcr shall satisfy thc lien or t�tc4 oi*.;:or ��.�-
<br /> morc of thc actions set forth abovc�vithin 10 days ut'thc giving uf noticc. �;�-
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