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<br /> -- TU()�'fHR.R WITH all tho improvementa now on c�rcaftcr crcctcd nn thc pn►peny.wxl ull cuscmcma,uppunenancc., -
<br /> �nd flanuet now or hmeafler a part of'thc property. AI� rrplac�ementR wid addiHa�s shall aiw bo covcn•d by this Securily
<br /> Uspvma�t. All of ihe fbrcRoin�ie rcferred to in thir Secudty Inawmcnt as che"PropeAy."
<br /> BQRROVV�lt QOVENAM'S thut Bo�rower i�lawfully sefsed of'thc cslue hrrehy cvnveycd and hati thc dght to gram
<br /> s md canvey the PtopatY aed that the ProPettY in unencumbeml.eaapt for encumbrwices of record. Baer�ower w�rtants and
<br /> --_-��
<br /> will defrnd�ener�liy Ihe titk w Uie Property a�ainst�II claimc and dem�nds,subject to any encumbrances ot record.
<br /> -F---� THIS SECURITY INSTRUMENT comhines unif�nn covenams fi►r nrtionai u�e and non•unif�xm covenantA with "
<br /> � _- - - ■� _
<br /> Umitod vuiations by jurisdicllon to casxtiwte A uniform secudty insdument covering roal property.
<br /> UNIf'ORM COVENAN7'3• Bomower ad L.ender covenant and agree as follows: �--
<br /> =-.a= l. P�'IOlAI O�PMN�IpiI�ItI IOIqYSIi Prl�yWlIII YIHI L��!CII�1'�li. Bortower shull Prompt�Y WY�'heit due Ihe _
<br /> _ r.,"- �i�of and intcrest on the debt evidenced by tbe Note and any prcpaymem and latc charges duc under the Note.
<br /> . r,n�f�t G Fbod�tor 7}aues aad Iasuraace. Subject to applicaWe law ar to a written waivcr by Lender,BoROwer stwll pay to __
<br /> -'-?:� (,���on the day month�y payments are due under the Noee,until the Note is paid in full,u sum l"Funds"1 for. (al yearly _____
<br /> ---_i,.�.: I taxes and assessments which may tinntin priority over this Security Insuvmenl ati a lien on ttre Properly:tbl yearly leasehold �"
<br /> - - - _-=._i payme n t s o r g r o u n d rc m s o n t h e P ro p e r ty. i C a n y: (c) Y e a r l y h a z u d or p r a p en y insu�u�ce premiums: Id) yearl y Qaod ` --
<br /> ----;�. � insurance premiums. if any: (e)yearly r�wrtgage insurance premiums. !f any; and(� any sums payable h3� Bortnwer ta
<br /> --���-��- � L,eade�,in accordance with the Provisions of paragraph 8.in lieu of the payment of mongage insurnnce premiums. These —
<br /> -�at:c.;' � �_
<br /> - items an celled"Fsc�uw Items." L.ender may.ut any time,collect and hold Funds in an amount m►t[o exceed�he maximum �._
<br /> --_-"��'�:• ; emounc a lender for a foderally related mongage low�muy requiro iur 8orrower's escrow rccount under ihe federal Rral ,e:,
<br /> _-:Q,��_�; Estate Settlement Procedures Act of 1974 as amende.cll from time ta time, 12 U.S.C.$2601 er seq.("RESPA"),unless ano�her �
<br /> --- law that appfies to the FLnds sets a lesser amount. If so,Lender may.ut any time.collect and hold Funds in an amount rwt to �
<br /> ���-•--�-�`;�;;;__�y exceed the lesser amount. I.ender may estimate the amount of Funds due on the basis of cuRent daw and reasonable �-.
<br /> ---s�."� esdmates of expenditures of future Escrow Items or othervvise in accordunce with applicable I�w.
<br /> ,._=,,�,_�;,.;- 'Ilie 1�nds shall be held in an institution whose deposits are insured by a federai ngency, insuumrntality.or entity �
<br /> � .�..:�;- (including Lender,if L.ender is sucb an institurion)or in uny Fedeml Home Loan Bsuudcc. I.ender sh�ll apply�h.:Funds to pay
<br /> �r��.� x� the Escrow Items. Lender may ncN charge Borrower for holding and ppplying the Funds,annually analyzing the escrow � "
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<br /> �'�T':��';i
<br /> •'::;,�,;;.�,,���,ti,f# account,or verifying the Escrow �tems, unless L.ender �wys Bortower interest on the Funds and applicable law permits _
<br /> --3""- l.ender to make such o charge. Nowever.l.ender may requ ire Borrower to pny a one-time c h a r ge for an in d epe n d en t rea l
<br /> �-��_-�• f° • estate tuu reporting service used by I.ender in connection with lhis loan,unless applicabfe luw provides othenvise. Unless an
<br /> ��`"� agreement is made or applicable law requires intercst to be paid,Lender shall not be required to pay Borrower any interes�or
<br /> =:v��.�;'; -
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<br /> _�;,;�:_�,,�,'�";;;�.�� eamings on thc Wnds. �omower and l.ender may agree in wrlt�ng,however.lhat interest xhall bc paid on the Fundsz. Lender _
<br /> °-k�•��°•� '°•���' shall give to Borrower,wi�hout charge.un annual accounting of the Funds, siwwing cr�edits and debits to�he Funds srod the
<br /> ;=""`'"' ,.}::.�':A r�':� Purpose for which each debit to the Funds was m�de. The i�nds are pledged as add�tionul security far all swns secured by _..
<br /> __ Y'?` a�r'��ls;�,t_. ihis�ecurity lasirumees. __.
<br /> .,+��'iY� If the Funds held by L.ender exceed the amaunts permitted to be held by applicuble law, Lender sfiall account to %�-
<br /> 4��''��-�,,�� 5�� Bortower for the excess Funds in accordance with the requirements uf applicable IAw. If the amount of the Funds held by - _
<br /> •;�;�,.;t.,a �.. },,,,; Lender at any time is not sufflcient to puy the Escrow Items when due,I.ender may sa notify Bamower in wri�ing,and,i� f
<br /> = '-.�:�s�. ,. .tt�;;•,;;� such case Borrower sh�ll puy to Lender U►e amount necessnry to mnke up the deficiency. Borrower ahall make up the
<br />��`':'�"'''�'''�''':ssi�+;?;', defkiency in no more than twelve manthly payments.nt Lender's sole discretion. _
<br />•_'�. ' a:.. _.
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<br />- 1' : •� ��' Upon payment in full of all sums secured by this Sccurity Insaument.Lender shall promptly ne und to orrower nny � .
<br /> �::`��� '; �'�R• � � Funds held by Ixnder. If,under paragrnph 21,Lender shAll acquire or selt ihe Property,Lender,prior to ihe ucquisition or �..��
<br /> $;.. ,�.�• �_;�..
<br /> �=�;;.,�;�, " '�.S sule of the Praperty.shall apply any Funda held by Lender at the time of suquisi[ion or sale as a credit against the sums ,..,_
<br />�.-,�.��.;;�__.,� secured by this Secudry inswment. �_.�
<br />-• •'�....a.�.='�-;;;57�4i'y, 3. Applicatlon af PAymenfs. U�Iess npplicable law provides otherwise, all payments received by L.ender under
<br /> ' ��y ° '�• paragraphs 1 and 2 shall be applied:Ptst,to any prepayment charge�due under the Note;second,to amounts payable under �_
<br /> ..t�}.,�.� _=
<br />: � . ,. <. .:. �=i•x• , paragnph 2;third.to inte�est due;fourth.to principal due;and last,to nny late charges due under the Note. _^
<br /> ���';;°•p"""'=`''` 4, Char�es; Uens. Borrower ehall pay all mxe., axsex+ments,chargea, �nes and impositions atMbuwble io the �
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<br />_�- -�;�;,:�.�� ;.,.,, property which mny anaia priority over this Secudty lnstniment.and leasehold payments or ground rents,if flny. Borrower �._
<br /> -"3�:�-y=��= . .�y,�y;:' shull pay these obligations in the manner provided in paragraph 2,or if not puid in that manner,Borrowcr shall pay them on E:�-
<br />----,�.�.r •' .;. ,,,.,,.
<br /> .•t:� � !>'� time direcdy to the person owed paymenl. Borrower shull prompUy fumixh to Lender all notices of nmaunts to be paid under c_„„
<br /> -���'�: . ��;i;,;:.,,� _-
<br /> �a�i;�w�,,-:, ���Set this paragrnph. If Borrower makes Ihese paymcnts directly.Borrower shall promptly fumish to Lender receipts evidencing �. �
<br /> . �,�...•: :..,,.. the p�yments. �
<br /> .��.�.-•,.^;,, �;:
<br /> .• �y�,•;1:; ,- Borrower shall prompdy dischorge nny lien which hs�s priority over this Security lnstrument unless Bortower:(a)agrees �,.
<br /> `= in writing w the payment of the obligation secured by the lien in u munner acceptable to Lender,(b)contests in good failh the y�
<br />'';_� ���=�° � lien by,or defends nganst enforcement af the lien in,legal praceedings which in the Lender's opinion opernte to prevent the
<br />::`_;,■�a=,�' ,. enforcement of the lien;or(c)secures from the holder of the lien an agreement xatisfnctory�o Lender subordinating the lien �`�
<br /> .=Y:jy:: � ' to this Security Inswment If Lender determines that any pan of the Property is subject to a lien which may attain priority
<br />- x �, -•, over this Security Inswment,Lender muy give Bonower a notice identifying the lien. Borrower shcill sntisfy the lien or take _
<br />� one or more of the actions set forth above wilhin 10 days of the giving of notice. �
<br /> � �' S. Hazard or Property Insurance. Banower shall kecp the improvements now existing or herea8er erected on the --
<br /> Property insured against loss by fire,hazards included wi�hin the�erm"eztended coverage"und uny aher hazards,including
<br /> s: � floods or flooding, for which Lender requires insurance. This insurunce shall be maintained in Ihe nmounts and for the ��
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