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<br /> ` .�'»��+- �I' rovements now or hercafter erecteJ u��the pruperty,und al1 c:►sements,ap�+nnenonce4, �
<br />`'''�'°:�'�'�• TOGETH�R WITH all d�c imp —
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<br />-;•,._.;�.�, and t"ixtures now or hereafter a part of the propeny. All replucements and udditions tihall nlsu be covered by this Securiry
<br /> • ,+� « � , instrumcnt. All of the foregoing is referred ta in this Security Instrumcnt i�s thc"Propcety."
<br />�;:�•� ' BORROWER CnVENANTS that Borrowcr is lawfully seiscd of thc es[ntc hcreby convcycd und hus thc right to grnnt
<br />'`''•`Y�yr.�v�A3�' and canvey the Property and that the Propeny is uncncumbercd,cxcept for cncumbmnccs of record. Barcowcr wiurants and
<br /> •�-��� �� I will defend generally the tide,to the Propcety against all claims and demnnds,subject to any encumbrarrces of record.
<br /> r � THIS SECUl21TY [NSTRUMENT cumbines uniform wvcnants for natiotnal usc and non-uniform coveRants �vith
<br /> • •• • ���� limited variutions by judsdiction to constitute a uniform security instrument covcring real property.
<br /> ' ° UMFORM COVBNANTS. Borrower and Lendcr covenant and agne us follows:
<br /> ' , ' " 1. PAyment of Principal and Intcrest;Prepuyment and Lute ChArges. Bottowcr shnll prompdy pay when due�hc
<br /> '�'�, � . • principal of and interest on the debt evidenced by the Note nnd nny peepayment and late charges due under the Note. �
<br /> :=''��' ` �r'� • Z. �nds for'Ihxes and Insurance. Subject to applicable law or to a written waiver by Lcnder,Borrower shall pay to
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<br /> . .•;t, ,��`,: Lender on the day monthly payments arc due under the Note,until the Note is p;ud in full,a sum("Funds")for: (a)yearly ��,^�,�TM
<br /> —� taxes anJ assessments which may�ttuin priority over this Security Instrument as a lien on the Property:(b)yearly leasehold ,
<br />�.a;• � •� earl hazard or ro ert insurance remiums; (d) yearly Qood .:,K,pr.�=�=y
<br /> __ . ',��, . payments or ground rents on the Property, if any: (c) y y P P Y P
<br /> -= � • insurunce premiums, if t�ny; (e) yearly mortgage insurance premiums, if any; and (f� any sums payable by Dorrower ta :�,;r:,,�.,. .,,,,`
<br /> 'r, • Lender,i��accordance with the provicions of paragraph S,iu lieu o�'ihe payment of mortgage insurancc premiums. These ; , .
<br /> .t,�r .��;�;ss�..,,.;:;;;;� items are c�lled"Escrow ltems.' Lender may.at any time,collect�nd hold Funds in an umount not to exceed the maximum � 'f• ,�,;�c-°`
<br />'`"'`� +- `�'��"`'-,"` a�ourt a lender for n federaliy reluted mortgagc loan muy reyuire for Bonowerti escrow account under the federal Real • ,p�., :.,c,,�,..
<br /> • • ,. ^ ' ����;:
<br /> � , . .;r���d�, .' Estate Se¢dement Procedures Act oF 1974 tu�mendecl from time to time, 12 U.S.C.§26d1 er sey.("RESPA"),tmless another ����
<br /> `•`:. ' �,�;Y� Inw that applies to the Funds sets a lesser amount. lf so,Lender may,at uny time,coUect and hold Funds in an amount not ro . ;3,l, ---.
<br />'��.� � �':6�... exceed the lessec amount. l.ender inay estimAte the a�nount of Funds due on the basis of current datn and reasonable �!�,�1��,
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<br /> estimates of expenditures of future Escrow Ilc:ms�r othenvise in accordance with applicable law. - �,r,,.;.j��
<br /> " > The Furtds shall be h�ld in an institution whose deposics are insured by a federal agency, insnvmcntality, or entiry
<br /> .�' ' (including Lcnder,if Lender is such an institution)or in any Federal Homc Loan Bnnk. Lender shall apply the Funds to puy ;,�
<br />_�. �s:.�: _ the Escrow Items. Lendcr may not charge Burrower for holding And upplyi�g �e he Funds n nd�ap licable�la v pernti s �� � I
<br /> � •-� account, or verifying thc �scrow iccros, w�Ic�o Lci�u�i �,�j'+ B�:rr,::��. .n._.-..- .. -P '- �::z
<br /> '•�;� Lcndcr to make such a charge. Howevcr,L.ender muy requirc BoiTOwer to pay a onc-timc charge for an independent rcal ;K
<br /> ' '._x estate tux teporting�;ervice nsed by Lender in connection with thiy loun.unless applicuble law provides ntherwise. Unless un �,�:���
<br /> a�rce.rncnf is mudc or npplicablc la�v requires intcrest to be paid,Lcndcr shall not bc rcquircd to pay Borcower uny interest or c��.. : �
<br /> ' � • carnings un thc Funds. l3ottowcr und L.cudcr muy ngrec in writing, howcvcr,th�►t intcrest shull bc puid on thc Funds. Lcndcr '��•' ,
<br /> ` si�nll give to i3orrower,�vithout charge,un unnuul iicwunting of the FunJs,sh�iwing credits and debits to the Funds and the :�,�f
<br /> � �� - '"��� purpusc for which cach debit w thc Funds was�n,idc. Thc Fund�urc plcdgcd.�s additional�crurity for ull sums sccurcd by ri�,�',� '
<br /> �-�:;� �•°•--•h thiti Securiry Instrument.
<br /> • • • If thc FunJs hcld b,y l.cndcr cxcccd thc amounts permittcd to bc hcld by upplicublc luw, Lcndcr shull nccount to �� -
<br /> = - � r; Borrower for the excess funds in uccordance with thc requirements of upplicable IuN. If the amount of the Funds held by �"
<br /> , ' ' ° Lendcr at nny time is not sufficicnt to pay the Escrow Items when due, Lcndcr may so notify Borrower in writing, and,in ,�-w
<br /> � ' such case eonower shall pay ro Lender the amount necessary to make up the deficiency. Borrower shall mnke up the �,
<br /> •�� ,, deficiency in no more than nvelve monthly payments,at Lender ti sole discretion. , ``
<br /> . Upon payment in full of ull sums securcd by thiti Sccuriry Inspument,Lendcr shall promptly refund to B q owcr any ��"�
<br /> '"""' ""�'''`'"� Funds held by Lender. if,under pamgrAph 2l, Lender shall acquire or sell the Property.Lender, prior to the ac uisition or
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<br /> "'°'+`�"�'-`�"""•"";�'"� ' sale of the I'roperry, shall upply any Fun ds he W by Lcn dcr a t t h e t i m e o f a c q u i s i t i o n o r s a l e a s a c r e d i t u g a i n s t t h e sums , ; .��},
<br /> '' secured by this Security Instrument. f{��s
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<br /> ���i�-- ,, � 3. Applicat[on of Paymenfa. Unless applicable law providcs othcrwise, all payments received by Lender under 4' �A. :
<br /> 1.: ,
<br /> • paragraphs I and 2 shaU be applieci:tint,to any pmpuyment charges due under the Note;second,to amounts payuble under : ,�„,,.
<br /> paragraph 2:th'vd,to interest due;fourth,to principal due;and lust, to any lutc charges due under thc Notc. : ��''.s�;��.
<br /> 4. Charges; Llens. Borro�vcr shall pay all taxes, asscssmcnts, charges, fincs and impositions uttributable to thc �.r °� -
<br /> . . _ praperty which may attain priority over this Security Instrument,and lcasehold payments or ground rents,if uny. Borrower , �
<br /> ", shall pay these obligations in the manner provided in puiug�apL i, u� i� not paid in that manner,Borrower shall puy them on
<br /> - time direcdy to the persnn owed payment. Borrower shall promptly fumish to Lender all notices of:►mounts to be paid under
<br /> � , _ this paragraph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing
<br /> _ • . the paymcnts.
<br /> Bonower shall promptly discharge any lien which hus priority over this Security Instrument unless Borrower:(a)agrces
<br /> ' 1 in wnting to the payment of the obligation secured by the lien in u mamier aceeptable to Lender;(b)contests in gocd faith the
<br /> lien by.or defends against enforcement of the lien in,leg�il proceedings which in the.Lender�opinion operate to p�vent the
<br /> �� enforcement of thc lien;or(c)secures from the holdcr of thc lien un agrcement.satisfactory to Lcnder subordinalin�the licn
<br /> � �' to d�is Sceuriry lnstrument. If Lender determines thut uny part of the Property is subject to a lien which muy attain priority
<br /> .. ovcr this Security Insuument,Lender may�ive Borrower u noticc ideiuifying thc licn. Borrowcr shull satisfy the lien or t:ike , .
<br /> ' ` one or morc of the actions set forth afwve within 10 day+of the givin�of noticc.
<br /> - '��r 5. �?azs�rd ur Property Insurnnce. Bonower shall kcep the imprnvenunts now existing an c�reafter crected on the
<br /> . _ '...,�.; , Property insured against loss by�n,hacards includcd within thc tcrm"extended covcruge"und any othcr hr�ards,includin,n,
<br /> ; '� . tloais or flooding, for which Lender requires insuranca This insur�nce sh�dl he maintuined in thc amounts and for the
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