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<br /> TOC3ETHER WITH all the lmprovements no�v or hereaRer ereMed on the propercy.and all easements,appurtenances.iind
<br /> fixtums no+v on c�rcaftcr n part of the property. All replacements and udditions shall also be covered by this Security L
<br /> Instrument.Atl of the foregoing is referred ro tn this Secudty Instrumont as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seise� of the eatate hereby conveyed and has the right to grant and
<br /> convey the Praperty and that the Property is uneACUmbere�. except for encumbrances of record. Borrower werranu and will
<br /> defend generalty the titie to the Property a�ainst all claims and demsinds. subject to any encumbrances of record.
<br /> THIS SECURITY I1�iSTRUMENT combines un�form covenanta for natIonal use and non••uniform covenants with lin�ited
<br /> vsututton9 by judsdicUon to consutute a unitorm sr.+curi�y insuw�,c,.a wvcii�r:�,t�,��s't'�•
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows:
<br /> 1. l�ayment of Principal snd Interest; Prepayment and Late Charges. Burrower shall prompdy pay when due the
<br /> princlpal of and interesc on the debt evidenced by the Note and any prepayment and late charges due under d�e Note.
<br /> 2.�nds for Taxes and Insurance.Subject to applicable law or W a wrltten waiver by d.ender. Borrower shaU pay w
<br /> L.ender on the day monthly payments are due under the Note,untll the Note is paId in full.a sum("Faads")for:(a)yearly taaes
<br /> end assessments which may attain priority over this Security Insmimeat as a lien on the Property;(b)yearly leauehold Payments
<br /> or ground rents on the Pioperty.if a�iy;(c)Yearty he7ard or psogcrty Insur�rece premituns:(d)Yearly flood insurance premiums, _
<br /> If any;(e)yearly mortgage Insurance premiums. if eny;and(�any suma payable by Borrower to L.encier. in accordance with
<br /> the provisions of paragraph 8, in Heu of the payment of mortgage insurance prem[ums•These items are called"Escrow Items."
<br /> I.ender may, at any time. collert a�ed hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account uader tbe federal Real Estate Settlement Prooedures Aci of
<br /> 1974 as amended from dme to tlme, 12 U.S.C.Secdon 2601 et seg.("RESPA").unless another law that applies w the Funda
<br /> seta a lesser amount. If so, Lender may. at any time. collect and hold Funda in aa amount nat w eacxed the lesser amount.
<br /> Ixnder may estimate the amount of Funds due on the basis of current data and reasonable esticnates of expenditures of futuro
<br /> Escrow IUt�ti�s or oiherwfse in accordance with applicable law. '
<br /> 'fhe Funds shall be held in an insdtution whose deposits are insured by a federal agency. instmmentality, or entiry
<br /> (including Lender.if Lender is such an inetltutlon)or in any Federal Home Loan Bank.Lender shall apply the Funda w pay tue
<br /> Escn,w Itr,ii�.f.en.ter may nai chasgc Barmr.�s f�r holding asx!agglying thP Funda:annually anglyzing the eserow eccount. or
<br /> verifying the Fscrow Items,unless Lender pays Borrower Interest on the Funsis and appllcable law pemiits Lender to make such
<br /> a charge. However.Lender may require Bormwer to pay a one-dme charge for en independent�eal estate tau repurtin8 service
<br /> used by Lender in connection with thls loan, unless applicable law pmvides otherwise. Unless aa ag�+eement is made or
<br /> applicable law requires iaterest to be pald,L.ender shall not be requireci to pay Borrower any interest or earaings on the Funds.
<br /> Borrower su►d Lender may a�+ee fi wtittag. however, that interest shall be paid on the Funds.Lender sdall give w Borrower,
<br /> wlthout chatge.en annual accounting of the Fureds,showing credits and debits to the Funds and the purpose for w6ich each
<br /> d�ebit to the Funds was made.The Funds are pledged as addItion+�l socurtry for all sums secun�d by this 5ecurlry Insuument.
<br /> If the Funds held by Lender exceed the amounu permitted to be heid by xppUcable law,L.ender shall uccount to Borrow¢r
<br /> for the ezcess Fuads ia accordance with the requirements of applicable law. If the amount of the Funds beld by Lender at any
<br /> time is not sufficiettt to pay the Escrow Items when due.Lender may so notify Borrower in wrldng+and,in such c�ase Bomower
<br /> shall pay to Lender the amount neces.sary to make up the deficlency. Bomawer shall make up the deficlency In no more then
<br /> twelve monttily payments.at Lender's sole discretion.
<br /> Upon payment in fiill of all sums secured by thts Secuclry Instrument, I.ender shali prompdy refund to Bornower any
<br /> Funds held by Lettder.If,under paragcaph 21,Lender shatl acquire or sEU the Property.I.ender.prior to the ar,quisidon or salo
<br /> of the Property.shall apply any Fundg held by Lender at the time of acquisidon or sale as a credit against the s�uns sacurad bY
<br /> this 5ecuriry Insduraen4.
<br />- 3.Application o�Payments.Unless applicable law provldes otherwise.all payments received by Lender under paragraphs
<br /> 1 and 2 shall be applied:fitst.w any prepayment charges due under the Note;second,to sunaunts payable under paragraph 2;
<br /> thiM.to interest due;foarth.to princIpal due;and last.to any late char�es due under the Note.
<br /> 4.Charges; Uens.Borrower shall pay alt taxes.assessmentg,charges,fines and Imposidons attributable to the Property
<br /> whtch may attain priority over this Secudty Insttuinent. and leasehold paymenu or gmund rents, if any. Bomower shall pay
<br /> these obligallons in the manner pmvided in paragraph 2,or if not paid in that mam►er.Borrower shall pay them on time dtrectly
<br /> to the person owed payment. Borrower shaq promptly furnish to lt.ender atl noticea of amounts to be paid under Wis paragraph.
<br /> If Borrower mskes these payments directly.Borrower shalt pmmptly furnish to Lender receipia evjdencing the payments.
<br />= Borrower shall prompdy discharge any lien whtch has priority over this S�curity Instrument unless Bonower:(a)agree.s in
<br /> writing to the payment of the obligation sesured by the lien in a manner acceptable w Lender;(b)contests in good feith the lien
<br />= by. or defends sgainst enforcement of the lien in, le�al proce�dings which in the I.ender's opinion aperate to prevent the
<br />- enforcement of¢he lien:or(c)secures from the holder of the lien an agreement sadsfactory to Lender subordinating the Gen to
<br />- this Security Insuument.If Lender determines that any part of the Property is subject to a lien which may atu�in psior3ty over
<br />- this Security instrumem.Lender may give Bornower a norice identifying the lien.Borrower shuil satisfy the lien or take one or
<br />� more of the acdons set forth above within 10 days of the giving of notice.
<br /> Fo,m sose srso
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