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<br /> __ TOOG77dER WITH all 1he improvemcnts nuw or�errofler crected on the pu�perty,�nd ull eusementa.appuhcnwices, �,_
<br /> �� '� �end flat urcs nnw or heredtcr o pw1�f'1he prapenY. AN�+eplacements and additions ahall also be covered by this Securiry -
<br /> Incwment. All of the foregoing is rcferted lo in this Security Ins�rument ag the"Propeity" �=----
<br /> ,��,., � +;:�. ^`���-+ BORROWER COVENANT511wt Burtower is luwfully KeiseJ of the estate hereby convcyed and hos the right to grsml �
<br /> ,y ,..,,� �nd¢onvey the prappty and that�he Propeny is unencumbered.eacept for encumbrances of record. Bnrrower wurtarNs and
<br /> �•"`°�+'�`,t� • will deFeM generally the titie ta�he Propeny ageinst�II claims nnd demands.subject to any encumbrances of record.
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<br /> ��-"`•=`r"� THIS SECURITY INS'f1tUMENT ¢ombfnec unifarn covennnts for natiunal u�e and non•uniform covenunlr with r__�
<br /> y��' limited vuiations b u�isdiction ro consliwte a uniform secudty instrument covering real propeny.
<br /> �s.;, y 1
<br /> � ` " UNIFORM COVENANTS. Borrower and Lender covcnant u�d agree as Pollows: _,,
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<br /> :--_� , �. 6 1. Ps�yment of Prluctp�l And Interest;Prepay�nent and Late Chorges. Borrower shall prompUy pAy when due the
<br /> __ �;",w`-''"' ., principal of and interest an the debt evidenced by the Note s�nd any prepaymem and late chArges due under the Note.
<br />— 2. M ti n d s f o r 7 1 u c e s n n d I n s u r a n c a S u b j e c t t o A p p l i c a b l e l uw o r to u written wniver b y L.ender.Bormwer shull pay ta
<br /> ' � ��y_ L.ender on the day monthly paymenis Are due under�he Note,until the Note is paid in full,n sum("Funds")for:(a)yearly
<br /> �:� � - � taxes and assessmems which may atwin priorfty over this Securiry Instrument us u lien on the Property:(b)yearly IeA�ehold � -z��
<br /> �;� � •°"• .. paymentc or ground rems an 1he Property. if any; (c)yeazly hazard or property insurance premiums; (d► yearly flaod _
<br /> :...� " . insuronce premiums, if nny; (e) yearly martgage insurrnce premiums, if uny; and(�nny sums puyable by Bom�wer to
<br /> ��"'�"•-•�=u= Lender. in nccordance with the provisions of paragruph 8, in lieu of the payment of mortgnge insurunce premiums. These __
<br />_�� ��:�,� .�t�rii;s,-
<br /> �==••�� iiems are calied"Escrow Items.' Lender may.at ony time. collect nnd hold Funds in a�amount na to exceed the mnximum �`_„ ,_
<br /> '+�'"�""�"` �'` omount a lender for n federally related mortgage loen may require for Borrower's escrow uccount under the feder�l Real _
<br /> .:r�_,:��L.:�`'y�;c 12 U.S.C. $26UI er seq.(..RESPA").urtless another K,,.u..v-
<br /> _.,��, i . Estate Senlement Procedures Act of 1974 as amended from fime to time, _
<br /> .�ti•�t'�{:':�.:�� � law�t epplies to the Funds sets u lesser amount. If so,Lender mny,at any time.cdlect and hold Funds in un umount not to �t;�H:-° �°
<br /> �`°�`��`�""� ezceed the lesser amount. Lender may estimute the vnount of Funds due on the basis of curmnt dutu and reuwnable ��--
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<br /> - � � "^; ��� espmatesof eapenditures of future Escrow Items ar dhenvise in uccordance with a icuble Inw. `'y 'p'
<br /> Pv� f�.�-- = �'".
<br /> � •'i��'�' ,'�''%�° The Funds shall be held in an institution whose deposits are insured by a federal ugency,instrumentaliry.or entity �
<br /> ''' � (including Lender.if Lender is such un instiwtion)or in any frderul Home Loon Bank. Lender shull ppply ttie Funds to pay f;.+�=:y:••
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<br /> �� "'r��'"'� �he Escrow [tems. Lender may nat charge Borrower for holding sind applying the Funds,ennually anolyzing ihe escrow :t.`,,�;;;K•�;.:;_r
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<br />: '• °��.,�;'�ti;;�r ACCOUII[,or verifying the Escrow ltems, unless Lender pays BoROwer interest on the Flmds and applicuble luw permils ',n�ia;;;�.;_
<br />- . • ° Lender to makc such a char$e. Howaver,Lcnder may require Borrowcr to pay a one-time churge for on independent real ` ��K�'"v
<br /> ` estate tax repoqing service used by Lender in conneclion with this loan,unless upplicuble law provides ulherwlse. Unless an ��
<br /> � �_;'��.,��.. �� agreement is made or applicable law requires interest to be paid.Lender shull not bc required to pay Borrowerany intercst or -.-.,�;,;�_-
<br /> :,� .." eaminga an the Fands. Bo�rower and Lender may ngree in Wmting,however,that interest shnll bc paid on�he Funds. Lender ��•�no:-`
<br /> , shull give to Borrower,without charge,an annunl accounting of Ihe Funds,showing credits and debits ta the Funds and the _--
<br />` ' '' �'' , purpose tor whkh each debit to the Funds was mude. The Fuods are pledged as additionnl securiry for all tiums secured by - K:;:...
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<br /> - � th'ss Secwiry InsirumPnt, �'==.ti-�b�."'�;;,?:
<br /> �'.''� ' If Ihe Funds held by Lender eaceed the amounls permitted to be held by applicable Inw, Lender shall account to _-�- ----
<br /> .;:.;.�4.'^ � � Bortower for the excess Funds in accordunce with the requirements of upplicable luw. If the amount of the Funds held by ���_,_
<br /> Lender a�uny ifine is nat sufficient to pny the Escrow Iterns when due,Lender may so notify Borrower in writing,and.in `
<br /> _ � � such c:�se Borrower shull pay to Lender the amount necessary to make up�he deficiency. Borrower shall muke up the ��r=""'��a_u.'�. �'
<br /> � ''t�,;.>i� •.. ,• deCciency in no more Ihan twelve monthly puyments,s�t Lender S sole discretion. �ti.;.,�,;;��=�•�
<br /> � " Upon puymem in full of ull sums secured by lhis Securiry Instrument,Lender shall promp�ly refund to Borrower any �„�,z;�v�v�
<br /> '•,'s ,,,.• „ Funda held by I.ender. If,under parngmph 21,Lender shall acquire or sell Ihe Property,Lender,prior to the acquisilion or � ' .
<br /> , ' . sale of the Property, shnll apply any Funds held by Lender at the time of acquisition or sale us a credit against the auma ------z'�'�"
<br /> ,����.' ' • secured by this Security Instrument. " t r..
<br /> ,.• �� ' �. AppBeation of Paymenfs. Unless applicnbk luw provides atherwise. all payments received by Lender under Yr`-
<br /> ., . puragraphs 1 and 2 shull bc applied:first,to tu�y prepnyment charges due under the Note;second,to umounts payable undcr �^-+,�.,-�"'P'o
<br /> • . paragraph 2;third.ta intcrest duc:founh,to principal due;sind lutit,to any late chnrges due under the Note.
<br /> ' , ° ��� �� • ,. 4_ Charges; Liens. Borrowcr shall pay ull taxes. usscssments, charges, fincs and impositions utuibutnble to the .���
<br /> ��'•'.f::,::: • �':.::=--_� •
<br /> Property which mAy attuin priority over this Security lns�rument,und leasehold payments or ground rents,if any. Borrower �'`=`�--
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<br /> '-r �, ;.'•`•���:. '� shall pay these obligntions in Ihe munner providcd in pnragmph 2,or if not pnld in that munner,eorrowcr shall pay them on =—_
<br /> � ' ','�:�;'�� °� ` time directly to the person awed payment. Borrowcr shull promptly fumish to Lender ull notices of�mounts to be paid under �'"'�'�"�"'``�
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<br /> �.:`,}, •� '• ' this ru rn h. !f Borrower makes these a ments directl Borrower shnll rom �I fumixh to Lender recei ts evidenein .�-.=:,;..�,,,,
<br /> --� .,,. , • thepaymencs. . .'-_ -
<br /> ���'''ti Bortower shull promptly dischurge uny lien which hnti priority over thi,Security Instrument unless Barrowee.(a)agrees � ._-_
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<br /> �.2'.'; ��;; ,. ,�., in writing to the puyment of the obligation secured by ihe I icn in a manner ucceptable to Lender,(b)contests in good faith the �%:'-=`' _
<br /> °r��'.'' � _ lien by,or defends aguinst enforcement of the lien in, Iegul pruceedin��s which in the Lender:opinion operute to prevent the � "��
<br /> � enforcement oi the lien;or(c)secures t'rom the holder o(thc lien on ugreement�ntisfuctory to Lender sulwrdinating the lien •� -.
<br /> ,. ' � �y.�;;', � to this Security Inswment. If Lcnder determines that nny part of the Property is subject to a licn which may attain priority
<br /> .,..tt:>•6, y Y 8 Y R Y �e:..�:-
<br /> , , over Ihis 5ecudt Instrument,Lender m+� ive Burrower u notice identif in the lien. Borrower shall satisf the lien or take
<br /> i;�„; ` • � one or more of the uctions set fonh ubove within t 0 duys ot'�he giving of notice. •
<br /> '•>> . •• � S. Haaard av Property Insurance. Borcower shul l krep thr imprrnements now exi,ting ur hereufter erected on the
<br /> '`� • �:�' •, �. Property insured against loss by fii�e,huzards includcd within thr tertn"rxtended coveruge"and any other haznrds,including
<br /> ;�;��.`,;.��'� floods a flooding,for which l.ender reyuires insurunce. This insurancr .r•hall be muintained in the umounts nnd for the l�•
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