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<br /> TOC}ETHER WITH�11 thc lmprovements naw ar hereafter crccted on the property.und ull cusements,appuhcnuncca,
<br /> � and fixtures now ar hereufter a part of the propeny. AU r�placements und udditions shuil ulsa be covered by thls Sccudty
<br /> � �� � lnstrument. All uf Qi�foregoing in rcfcrtcd ta in thls Secudty Invtrument as the"Praperty." ..
<br /> � �ORRON/ER COVENANTS that Borrower is luwfully seiscd of the estatc hereby canveycd und ha.�the r�ght to grnnt
<br /> • •�`""- and convey the Property and that the Property Is unencumbered.except far encumbrnnces of record. Borrower wuminGti and
<br /> �• ' � w(11 defend�enerally the t�de to the Property agninst ull claims and demc+nds,subject to any encumbrances of record,
<br /> ' � THIS SECURITY INSTRUMENT combines unifomt covenants for nuttan�l use and non-unifortn covenun�s with
<br /> limited variadons by jurisdictton to wnstitute a uniForm sccudry instrument covering real property
<br /> UNIFORM COVBNANTS. Bonawer und Lender covenant und ogrce as follows:
<br /> • 1. Payment of Principal and Interest;Prepaymeat aad Late Cbarges. Borrower shall promptly puy when due thc
<br /> � principal of and 3atemst on the debt evidenced by the Note and any prepayment sind iate charges due under thc Note.
<br /> �� 2. F�undg tor'lhxes end Insurarice. Subject to applicable law or to u wrltten waiver hy Lender,Borrower shall pay to
<br /> " I.ender aa the day monthly payments are due under t!►e Note,until the Note is paid in full,a sum("Funds")for.(a)yearly .
<br /> �� taxes and s�ssecsments which may actain prlority over thls Secur�ty Instrument as a Ifen on the Properry;(b)yeurly leasehold 4
<br /> paymenu or ground rents on the Propeccy. if any; (c)yeady hazard or property Insurance pnemlums: (d) yearlY flood
<br /> �� inswacsce premiums, if any; (e) yearly mortgage insurance premiums,if any: and (� any sums payable by Borrower to
<br /> ' Lender.in accordence with the provisions of para�reph S, in tleu uf the payment of mortguge In.surence premiumc. These : ,
<br /> " items are called'Escrow Itecns.' Lender may.at any time. coUect and hold Flmds in an umount not to eaceed the maximum
<br /> � , amount a lender for a federally related mortgage loan may require for Borrower s e�crow account under the federal Real �
<br /> Bstate Settlem�nt Procedums Act of 1974 as amended from time to time,12 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> , law that applies to the Funds seu a lesser amaunG If so,Lender may,at any dme,collect and hold Funds In an amount not to
<br /> - � • exceed the lesser amount. Lender muy estlmute the amount of Funds due on the basis of cwrent data and reasonable � ,
<br /> � `}� esYimntes of expenditures of future Escrow Items or athenvise in accordance wjth applicable law. .
<br /> � The Ftinds shall be hcld in an instttudon whose depos{ts are insured by a federal agency. instrumentality,or entity •,
<br /> (including Lcnder,if i.ender Is such an insdtuflon) or in any Federal Home Loan Bank. L.ender shall apply the Fuads to pay
<br /> the gscrow Items. Lender mny not charge Bortower for twlding and npplying the Funds, s�nnually enalyzing the escrow _
<br /> ' accoun�or verlfying the fiscrow Items, unless Lender pays Horrower interest on the Funds and applicable law permits , .;
<br /> Lender to make such a charge. However,Lender may require Borrower to pay a one-time chargc for an Independent�eal
<br /> esiatc tax zr�ostlnp sen't!'e us�'d hy i.ender In connecdon with ttus loan,unless applicable(aw provides otherwlse. Unless an
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<br /> ' •- �` agreeraent Is made or appllcablc law mquires interest tu be paid.Lender shall not be mquired[o pay Bom,wcr auy interesi�r '
<br /> � � eamiags on the Aunds. Bonower and L.ender may agrce in wdting.however,that interest shull be paid on the Funds. Lender ,�= _
<br /> shall give to Bortower,witl�out charge.an annusl uccounting of the�unds,showing credits and debits to the Funds and the '� �_.
<br /> � puTpose for which each debit to the Funds was made. The Funds tue pledged as addidonal security for all sums secured by =
<br /> ., this Security insuumenG .��� _
<br /> �� • If the Fundc held by Lender exceed the amounta permitted ro be held by applicable law, Lender shaU uccouat to
<br /> � Borrower fa the excess Funds!n accordanse wicti the requirements af applicable Iaw. If the amount of the Funds held by =
<br /> ' � , „''� Lender at any dme ia not suffictent to pay the Escrow Items when due.Lender may so notify Borrower in wri8ng.aad,in �,;,.�.
<br /> such c�se Borrower shail pay to Lender the amount necessary co make up the deficiency. Borrower shall make up the
<br /> �' deflciency in no morc than twelve monthly payments,at Lender's sole discretion. M 4.:•� �
<br /> " ' �� Upon payment in full of�11 swns secured by this Securlty Instrument,Lender shall promptly refund to Horcower aay . _
<br /> Funds held by Lender. If,under paragraph 21.Lender shaU acquire or sell the Property.Lender,prior to the acquisition or :^ „
<br /> ';��; s�le of the Property,shall apply any Flmds held by Lender at the dme of acquisition or sale as a c�edit a�ainst the sums . �
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<br /> " �� . '�� securedbythisSecunry Instrument. . ` `
<br /> �� . ` �, � 3. Applicadon of Aayments. Unlcss applicable law provides otherwise. ell payments received by Lender under ,. �•. . __
<br /> • � pauugraphs I and 2 shall be appliecl:first,to any prepayment chnrges due under the Note;second,to amounts payable under ,�,,. .�__
<br /> �. , .. t� p a m g r a p h 2;third,w Intemst due;fourth.to princlp�l due; and last,to any late cherges dus under the Note. ,k�J ,, .'
<br /> 4. Cht�ges; Llena Borrower sha11 pay all taxes,essessments. c harges, fines e n d i m p o s i t i o n s a t t r i b u t a b l e t o t h e ;�;
<br /> � �, �;�,;:•. property which may attain Qrlority over this Securicy Instrument,and leasehold payments or ground rents.if any. $orrower • ,
<br /> �`° .'` shaJl pay these obligations in the manner provIded in paragraph 2.or if not paid in that manner,Borrower�hall pay diem on ...,.,,_.�:
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<br /> ' =,_ time direcdy to the person owed�aymenG Borrower shali promptly furnish to I.ender all notices of amounts to be paid under � -
<br /> � this patagraph. If Borrower makes these payn�ents c33rcctiy,Bocrower shall promptty fumish to T.ender rw.ceipt�evidencin� _ _ ..'-
<br /> c J .. �` the payments. •
<br /> •� •• • �•'^+ Borrower shall prompdy discharge any lien which has prlority over this Securlty Instcument unless Borrower.(a)agrees
<br /> =---:_ •�:'. ��.;� in wredng to the payment of the obligaaon secured by tho lien in a manner acceptable to L.ender,(b)contests in good faith the
<br /> - � lien by,ordefends a�atnst enforcement of the lien in.tegal proceedings which in the Lender's opinion operate to prevent the
<br /> - enforcPment of the lien:or(c)secures from the ho!d�r of the lien an agreement sadsfactory to Lender subordinating the lien
<br /> .�• ��'•� ��`" " to this Security InstruraenG If Lender detcrniines that any part of the Property is subject to a lien which may attain priority . ••
<br /> ' . � , over this Security Insaument,Lender may�Ive Borrower a notice idendfying the lien. Borrower shall satisfy the Gen or take
<br /> ane or more af the actIons set forth above within l0 days of the givtng of notice.
<br /> 5, Hezard or Property Insurance. Borrower shall keep the impmvements now exisdng or hereafter erected on the
<br /> � Property insured a�ainst loss by fire,huxarcts included within the term"extended coverage"and any other hazards,Inciuding
<br /> � Floods or llooding.for which Lender requires insurance. This insurance shall be mainteined in the amounts and for the
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