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<br /> � Tp()EfyER WITH di tha impravement�now or hereaRer eactetl on tho pt�y,wid nll easementa.ep�wnenwues.
<br /> - u�d fixtures now�x hcrcafter a part oi�hc PmPeny. All replacemen�s and addUians ah�ll Wco bo covercd by thls Sccutlty
<br /> inswment. All uf�he Gxegoing is rcfemed to in this Securi�y InswmcM as�ho"Property."
<br /> - �$� BORRQW�It COVBfVANTS tl�t BoROwcr ia lawfully seiscdof�he estate hereby rnnveyed wtd has the dght to gront �,,,,�w.
<br /> and convey 1hoP�p��y and that�he Property is unencumbered.exapt for encumtttunces oi record. Ba�rower warrantr rnd -
<br /> - —��-� will defend gene�lly Ihe liqe to the Propeny ag�inst ull cl�im�nnd decnands.cubJect to any encum6ranees of record. �v
<br /> - "� THIS SE�URITY INSTRUMENT combinex uniform covenants for natianal use arid �on•unlfom� �����► W�� `---.
<br />-- --_�� limited variaQqns by Ju�isdictlon w conati�ute a uniform secu�ity inswment covering►ea!propercy. -
<br /> ='°f UNIFOf�M COVENANTS. Bo�rower and 4ander covenant snd ug►ee as follaws: �
<br /> ,��� 1. P�qment of Principal and lateresti Pr'cPAYment nnd L�te C6s�es. Borrower shali prompNY puY when due the
<br /> - _� princi of and intereat on the debt evidenced by tire Note nnd any prepayment and late rharges due under the Note. �.F.
<br /> —__-,��';.s � � �uq�d,4 iqr'I�a�cey aod lasurance. Subject to upplicable Is►w cx lo a wrineo waiver by L.ender,Borrower siuill pny ta =;
<br /> - -__ _' Lende�on tha dAy monthly paymcnts urc due under the Note,until tho Note is paid in full,a sum("Funds")for:(u)yea�rly �.+�_�-_
<br /> --"---= taxes and assessments which may Attuin priority aver thia Securiry Inswment as a lien an the Property;(b)yearly leasehold =--
<br /> sY - paymrnt� or ground rents on the PmperiY. if any; (c) yeauly hazard or prapeity insumace premiums; (d) yearly flood �-
<br /> __-�s,"'�°`� insurance premiums, if any: (e) yearly marlgage inswz►nce premiums, if any;nnd(tl any sums payabl� by Borrower to �i;;.
<br /> Lender,in aocordance wi�h the provicions of puri►AmPh B.in liau of the payment of mortgage insu�ce premiums, The.se �
<br /> °°�- -- items are callod"Escrow Items." Lender may,at uny time.coilect and hald Funds in an amaunt not to exceed the maximum _
<br /> �.-�-�:<i-�:. amount e lender for a fedemlly reluled maAguF,e loan muy reyuim for 8qtrpwert escrow accouot under the federnl R�al =__
<br /> --�����ei��°_ : Esuue Settiqment Procedures Act af 1974 as+unended fmm time to�ime. l2 U.S.C.�2601 et seq.("R�SPA").unless nnothex' d.`;
<br /> -� -, - F law that appUes to the Funds sets n lesser amou�t. If so,Lender may,su sny time.collect and hold runds in an umaunt not to �:'�`
<br /> ,-=,-1,;�y+-ca�'''. . ---
<br /> " ,:,:�,e� exceed tha,ksser amount. Lender muy estimaee U►e amount of l�nds dus on the basis of cwrent data and reascmqble, --
<br /> �',. estimates ofexpendltures of Puturc�scrow ltems or otherwise in accordance with applicuble Inw. '�
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<br /> ,-��-=�►r::�,_„ The Funds shnll be held in un instituliao whase deposits are insured by a federul agency,instrumentality,or entity ��
<br /> �---�'-�="�'�?� (including,Lender,if Lender ia such an instituliaal or in any Federal Homc Loan Rank. l.ender shall apply the Funds to pe�y •
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<br /> '��:"-�''::�. the Escrow ltems. Lender muy nat charge Bortower for holdin�aind upplying the Funds,annuallp analyzing e escraw
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<br /> � ,< < account. ar verifying the Escrow ltems, unless Lender.pays Borrowor inleresl on the Funds and a�pticable law _
<br /> �t.V .� .'�X Lender to make such a charge. However, l.ender may neyuire Bartower to pay a one-timC.chwge fo�an independent.real . _-.-
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<br /> __ . _�� eatate tux ceporting service used by l.endcr in can�ectian w�th this bun,unless applica�blo Inw provides osherwise. Unle9s an .
<br /> -��� . ognxment is made or applicuble law requit�s interast to be paid,Lender shall,aot bc reyui�sd ta p�y Boirower eny intereSt ar F��:-
<br />- '`��: �� �.�' earnings on�he Funds. Bormwer and I.nnder muy agrec in writing,hawever,that interest shall be paid rn ihe Funds.. Lenc�r ��=-:
<br /> '�.�E"•��'.,�', shall giva to Bortower,wlthout charge.un AnnuAl accounting of ti�e Fundc sl�owing credits and debits.ro the Fundg c�nd the
<br /> `�""-"-�=5=_+*� ����'i,�which each debit to the Flands was madc_ Th�Faa�ds are pleQged as pdditional security for all sums secured by
<br /> .,'�• ':,,:.;';,;�.. this Secudty Insaumene. _
<br /> •�,,,+,.:;-t:�> lf the Funds held by Lender exceed thc Amaunts pertnitted w be held by applicnble law, Lender shall Account to =
<br /> �,�,.;�;�,,,. �� Borrower for the excess Fbnds in uccardw►ce with the requiremenls af a�piicable lew. lf the amount of the Funds held by �._
<br /> ---��., , Lender at any time is no[rufficient to ps►y the�scmw Items wh�n due, Len�ier may so notify Bo�wer in writing,and,in �..,
<br /> __ �-;S. , such case Horrower shull pay to Landcr the umount necessAry eo malce up the de�ciency. Borrower shall make up the
<br /> J ��. .. det`iciency in no more than twelve monthly ps�Yments.a�I.enAec's sole discretion.
<br />...�;:.,"'�" ��.�b " Upon payment in full of nll�ums securad by this Securiry[nstrument,Lender shall prompdy refund to Borrower any ,
<br />._�n� - FUnds held by L en d er. I f,un der purngrnph 21.Lcnder xhal.l ac quire ar sell the Pro p ert y,Lender,prior to the ucquisition or
<br /> -------�.•i::�.�.- sale of the Property,shall upply uny FUndF held by Lender at�he time of acquisition or sale as a credit against the sums • -
<br />''F• '�"' �• ""' aecured by�his Security Inswmcnt.
<br /> �"�'?� ' " 3. Application of PAymenta. Unloss applicable law pravides otherwise, all payments received by L.ender under -
<br /> ' ;;��.;• paragraphs 1 nnd 2 shull be applied:first,tu any prepayment c�arges due under the Note;second,to amounts payuble under __
<br /> • paragraph 2;third,to intere�t due�:fourth,to principul due;and 9�st,�o nny la�e churges due under the Nate. _
<br /> - ' ' �'�'��'� 4. Charges; l.lena Burrower shall pay all �nxes. assessmems, charges, fines and imposidons anribuu+ble to the �_
<br />--�'�'• °?1�'''� Property whkh may att�n prio�ity over thisS�curity Insuvment, and Irasehold pAyments or ground rrnts,if any. Borrower
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<br /> �.,:..� shall pay these obligatians in the mannCr pro�i�ied in pamgraph 2,or if not paid in�hat manner.Borrower shall puy them on _
<br />�;�: 4 ' rime directly to the person awed payment. [iorrc�wer shall prompNy fumish ta Lender ull notices of amounts to be puid under _ -
<br /> _�`,'� ' this paragraph. If Borrower makes�hese puyments dircctly.Barrower shall promptly fumish to Lender receipts evidencing _-.
<br />"��,.�:�.;' �t�e PaYmen�s. ��;
<br />-;��±�-�= Bomawer shall pramptly disi:halge any lien which has priority over this Securily Instrument unless Borrower:(a)agrees �,
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<br /> ..,A� $ in writing to the payment af the oblig��ion�c�.ured by the lien in•r munner acceptAble to Lernier:(b)contests in gaod faith the �
<br />�;�;, - lien by,or defends aguinst enfarcement.oP ihe lien in,legul proce�.�linga��hich in Ihe l.ender's opiniun operate to prevent the ��•,
<br />°_A^;; eniorcement of the lien:ar Ic)secur�s i'mm the holder of the lien nn agreemem sutisfactory to Lender subordinating the lien _
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<br />:�� ,a�a.Lr.t�c:r.�., to�his Securily Instn�ment. If I..ender detertnines that any part oi�he Propeny is subject to u lien whi�h may attain priodty �
<br /> r � , over this Security lnshument,Lender muy give Bortower a natice idenlifying the lien. Bocrower si►all satisfy the lien or take �;�
<br />`r��'�� one or mote of the actiom bet fanh Above within 10 days of the giving of natice. .
<br /> `'.,.:, ' S. H�rard ur Property Ingurance. Borrowrr shall keep the improvements now existing or hereufter erecred on the
<br />_ " Propeny insurcd ag�inst lovh by�rs.haz;uds induded within the tem►"extended wveruge"and:uiy uther hazards,including
<br /> � tla�ds or flaxiing, for whic��ender reyuires insurance. This insu�ance shall be maintuined in the amounts smd far the ,,._
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