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<br /> Tp���R W(TH dl tho improvcmcnts naw or hercafter erectcd an the prapcAY•+u�d all cnscmenla.�ppuArn�nces.
<br /> And iintu�c naw or he�aller�pan of�he property. All repl�eme��s arnl addi�ions eh�ll v�eo bo rnve�dl by lhii S�ecuriry
<br /> Incttvman6 All of the farc�ain�is rcPertcd�a i�Ihfs Security Inspumeat aY the"PtopeMy.»
<br /> _ BQRROWER COVENANTS�t Bortower is lawfully seised of�he estate hcreby convcy�d�1 has thc�ight to�m
<br /> --� and cat�voy th�:PropenY�ttwt the Propehy is unencumbered,cxcep Por e�uumbrsmcca oi rccanl. Bonawer w�w�nd
<br /> - -- will dofisnd gene�ally the dl{e to the Property agalnxt all claims and denwnds,subjec�to my emumbrance�of rocord.
<br /> -- T° .-- - ' THL"> S6CU�t1TY INSTRUMEM cumbines unjform coWrn�+nlg for national usc and non-unlfam cuvenwtts wilh
<br /> �imited voriucions by judsdictian to consdtutc a uniform security instrument covering n;al propeny r
<br /> -=_-� UNf�ORM COV6NANTS. &►rrower ond Lendcr covenant and agree as�o��aWS� W�d��
<br /> ------ Il Pay�oent ot P�cipal aad laterestt PrcpaynKat�ad I.ate Cl�ea Borrowcr shall promptlY paY
<br /> - _-_--`��` prinaipa6 af su►d in[erest on the debt evidenced by the Note and any p*+epaymem�nd�Ate charges due under the Nate.
<br /> --�r�`•� Z: �unda tor 7Y�and lawrance. SubJect[o appliwbte law a to a wrinen waiver by Lendcr.Borrower shall pay to
<br /> I.ender on the duy monthly payments are due under the Note,undl thc Nde is pnid in full,u sum l"Funds")for.(u1 yesuly
<br /> ��� -_-`"':��''^' wxea Anr�oss¢ssments which may attain priority ovcr this Security Insuun�cnt as a licn on�he Property:lb)yearly�lease�a�ldd _ _
<br /> ^ _- paymantu or ground renta on the Praperty. if any: (c) yearly hezud or propertY Insurance premiums: ld) Y Y
<br /> ---_�="�'�-�•.,� inaunnac premiums. if su►y: (e) Ycarly martgage insurance pre�niums. if any: und l� uny sums payuble by Borrowe�to _
<br /> --- '�; Lender.�a accordance with the provisions of paragn►ph 8.in lieu of 1he payment of manguge insurance prem�ums. These
<br /> =�� itama ant called"Fiscrow Items" Lender may.at any time.collect and hold Funds in an omount not to exceed the maalmum
<br /> ` --=_�•�� amaunt�a lender ior a federally rclated mortguge lom►may require for Borrower's escrow account w►der�he federal Rea�
<br /> - -°.,; Estatu&etdement Procedures Act of 1974 as amended f►on►time to time. 12 U.S.C.§1601 et seq.(.,RESPA"),unless another
<br /> ° ~ _ � luw 1haL appUcs ta the!iu►ds sets a lesser amount. If sa,lxnder may,u any time,collxt and hdd Wr�ds in an amount not to
<br /> �=��v�. .;;� eaceed.the lesser amaunt. Lender may estimate the amount oi l�nds due on the basis of currcnt daln+uul res�.�a►able -
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<br /> ��', ;�;�� , eetimnuse of eapenditures of future Escrow Items or otherwise in accardance with appiicable aw.
<br /> �:�'.�:�. ,; Tha Funds shull be he l d in an institution w hose de p c�sits are insured by a federul agency. inswmentalitY.or entity
<br /> �:;� '�;�'' (includ3ng l.ender.if Lender is such an institution)or in any Fr,deral Home l.oan Bank. i..ender shall apply 1he i�lmds to paY --
<br /> �.''"�!�,:i:'''. the Ee�crow ltems. l.ender may not chnrge Borrower far holding and applying the Funds. annually onalyzing 1he escrow
<br />-`�;„ :.��.:;�� accoun�.or verifying the Escrow ltems. unfess Lender puys Borrower interest an�he i�nds and applicnble law permils _
<br /> r�o��� • �; LeiMctr.w muke such a charge. However,4ender may require Bortower to pay a one-time chuge for an independent real -
<br /> '''�''�_.-��• ' esiMa Wx rcpordo8 servlce used by L..ender in connection with this loan.unless appliceble law provides olhenvise. Unless an
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<br /> •_:,.wr.• r�;. ogreeatcnt is made or appiicable I�w requires lnterest to be paid.Lender shall not be required to pay Barower any interest or
<br /> ____ �°`r'`;-i eamin�s on the Punds. Borrower v�d Lender may agree in writiog.lawevcr.lhat interesl sball be paid an the Fund.g. Lende�' __
<br /> "°°'���� �: shaU.$ive to Barrawer,without charge,an annual accoundng of the Funds,showing credits and debits to the Funds and the
<br /> ='��--"�..-,:;. . pwpaee for which cach debit to ti�e FLnds was made. 7'hc E�nds are pledged as additional security for ull cums secwcd by --
<br /> �ti- �
<br /> --°- �+�.;- °° thfaia+tcurity instrument.
<br /> --� �`� If the Funds held by Lender exceed the amounts pemlitted to be held by applicable law,Lender shall account to
<br /> '�. ';�.
<br /> ���h,'� ;,'. B�mrawer for the excess Funds in acwrdance with the requirements of applicable law. If the anwunt of the F1mds iie�d by
<br />= �'' '•�i Lenr�er at any time is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing.and.in �
<br /> �-�� +��. sucfi cuse Borrower shall pay to Lender Ihe amount necessary to make up the deficiency. Bortower sh�ll mske up the
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<br />•_� ��,`` `�: defiuiency in no mor+e than twelve monthly pnyments,at Lencler's sole discretion. -
<br /> --..�• •• ;1; ; Upon payment in full of all sums secured by this Security Inswment.Lender shall promptly refund to Borrower any �
<br /> — � '#' FLnds held by Lender. If,under pamgraph 21,l.ender shall acquire or s�ll the Praperty.Lender,prior to the acquisition or �
<br />!'`�'�d'�,_^.�:. salu of 1he Propetty.sh411 apply any Funds held by I.ender at the time of acquisitbn or sale as a credit against the sums =
<br />;i���";.;;. '•: :. secui+ed by this Secnrity Instrument. �
<br /> �>;�'4 3. Applkation o� PaYments. Unkss applicnble law provides otherwisc. all payn�ents received by Lender under _
<br />--�±�-,•• ,��1, ..
<br /> ,,r . + pumgraphs I nnd 2 Shall be applied:first,to any prepayment cherges due under the Note;second.to amounts payable under _
<br /> ���;'.', Qr� ra h 2;third,to interest due;founh,to principal due;and last.to uny late chcvges due under the Note. �.
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<br /> n=*, a� ;�4;�3-. P 4.p Ch�rges; Liens. Borrower shall puy all taxes, assessmems,charges. fines and impositions attribulabie to the
<br /> •-��'�`; .�„� - p�r�peny which may attain prioriry over this Security Instrument,and leasehald payments or ground rents,if any. Borrower �.
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<br /> • `�a shall pay these obligatia�s in the mnnner provided in paragrnph 2.a if not paid in that manner,Borrower shall pay them on
<br /> '�=����..�;t ti.me directly to 1he person awed payment. Bortower shall mm N furnish to Lender all notices of amounts to be paid under
<br /> _ --_,,.�, , ; this pangruph. If Bortower makes these payments directly.Boprroywer ahall promptly fumish to Lender receipts evidencing �•
<br /> � "«��.. 4�� ��p B�orro er sh�ll promptly diuharge�ny lien which has priority over this Security lnstrument unless Borrower:(a)agrees
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<br />:,_�, in writing to�he payment of the obligation secured by the lien in a manner acceptuble to Lender.(b)contes�s in good faith�he _
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<br /> - -;� a lian by,or defends again�t enfonement of the lien in,legal proceedings which in the Lender's opinion operate to prevent e �_
<br /> • ' �nforcement of the lien;or(c)secures from the holder of the lien on ugreement tiutisfactory to Lender subordinating�he lien -
<br />_ � ��,.� ,,. tu this Securiry lnswment. If Lender deteRnines that any part of�he Property is xubjec�to u lien which muy attain priority �
<br />:�.� , over this Security Inswment,Lender may give Borrower a notice identifying the lien. Borrowrr shall satisfy the lien or take -
<br /> one or more of the actions set fath above within 10 duys oY the giving of notice. _-
<br /> S. Hprs�rd or Property Insu�x�ce. Sorrower shall keep the improvements now existing or hereafter erected on the =
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<br /> property insurcd Aguinst loss by fire,hazards included within the tcrm "extended cover++ge"and any other haxurds, including _
<br /> �';� floods or flooding. for which LcnJer requires insurance. This insurance shall be maintained in the amounts und for the _
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