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<br /> �-���"y � �� t� und all casrmcnta.ap{wncnanccs,
<br /> -- �"""'"' � TpQEfHER W(TH all the improvemeotx now ur hercaftcr crccled un Ilx prop� Y�
<br /> ---:_�°�..:,. � —
<br /> -=°" and(ixtures now or hrneafler a p:ut of the property. All replaccmentr�and additions sh�ll oleo be covered by thir Security
<br /> � � �, '�, Inswment. All oi the foregoing is refcrted to in this Secud�y lnsuument as the"PropertY•"
<br /> :'^:��;�� . _�
<br /> _ , BORROW►ER CUYENANTS�hat Bortower is lawfully xeised of�he estutc hcreby conveyed and ha�thc right to grom
<br /> — ..„,�:. •.� •� and convey the ProPenY and that the Property is unencumUered,eacept for encumbronces of rccotd. s�xrowcr wurums and __—
<br /> �,:��;�'.x.v��°' `� will defend geneally the tiUe to the Propeny against all claimx and demands.�ubject to any encumbnncc�af r�oni.
<br /> ��- �.-�=--.�0• a THIS SECURITY IIvSTRUMEIYT combines uniform covenunts for na�ional use and aon•turi�prm covennnts with `v
<br /> � ,rt-�..-_- .• c`-= --'".,":-
<br /> -1'cw:�r , limited variadons by jurisdic�ion to constiwte a uniform securi�y imtrumcnt covering real pm�„Y• ---
<br /> _�r ;r� UNIFORM COVENANTS. Borrower and Lend�rcovenant and agrce us follows: when due thc
<br /> ..."•;^ •�1.. 1. Payment of Piriacip�)aad late�st:Prepaymeat�ad l.ate Charges. Barrower shall promptlY WY --
<br /> = �� "'�' � . principul of and interest on the debt evideneed by the Na►�and anY PrePaYment and late charges duc under the Nde. �.-�._,
<br /> ,. • �, ��S��.7�Ces w�1 lnsurs�nee. Subject to applicable law or to a written woiver by Lender.Borrower shull paY to
<br /> :�.�:� • Lender on the day month�Y PaYments are due wtider the Note.until the Note is paid in full,a su�a I�F�nbti�ef���ea ch Id -___-
<br /> -�~� ;:-; .- < taxes and assessments which ma attain arity over this Secu�ity Instrument as a lien on�he P�Pa Y'l )y Y - = 16
<br /> eurl floal
<br /> =�'.. ,� ' , pa yments or graund rencs on the Prope Y Y. y n insurance premiums: ld) Y y _— -
<br /> und y �. if an . (c) Year� h�d or prope Y sums able b Borrower to �"'�-
<br /> ==� � • ' insur�nce premiums,if uny; le1 year�y mart8��e insur.u►ce premiums. if any: and l��n e insurnnce premiums. Thes� ��_��
<br /> _�Y , , '' Lender.in accorda�e with�he provisions of patagrnph S,in lieu of the paytnent af mortS g
<br /> _�A'U�� ;�`� , �l�i�f..��
<br /> itPm��c�lled"Esemw Items.' Lender may.at any time,collect and hold Funds in an amount not to exceed the maaimum �:
<br /> _ �* .o--. . _-
<br /> amount a lender for a fedenilly related mortgage loan meY require for Borrower�escrow account under Ihe federal Real '�
<br /> i i-"��.: Eswte Seniement Procedures Act of 1974 as amended irom time to lime,l2 U.S.C.�2601 et seq.("KESPA"1,unkss another �. ,
<br /> _ � ' 1� '�'`, law thnt applies to the Funds sets A lesser amount. If so.Lender muy,at any time.collect and hold Funds in an amount not to - {'._
<br /> exceed the lesser amount. l.ender may estimptc thr amount of Funds due on the basis of current duta und resisonable �� '
<br /> esumates of eapenditures of future E..craw Items or wtierwise in s►ccordnnce with applicable luw. �__
<br /> , � „ The Funds shull be held in an instiludon whose deposits are insured by A federnl agcncy. instrumentality. or entiry ��_'
<br /> �;n=�._
<br /> ' " (including Lender,if Lender is such s+n ins�ituuon)cx in any Federnl Hame Laan Bank. Lender shall apply�hc FLnds to pay �_ _
<br />- • . , .. the Escrow Items. l.ender�y �em�unl�Lender pays Bom�er Pnt�eres�t on thenFundsnw�d'appl cable lawe permit =_
<br /> � accouN, or verifying the E r;- . __ _
<br /> - L.encler to make such a chsage. However,Lenckr may require BoROwer to pay u one•time charge for an independent reAl �+
<br /> � eswte tax reporting service used by Lender in connection with�his loan,unless opp�li��u�eu red to pay Bortower any nlenest or �--- -
<br /> �=�_'--
<br /> agreement is made ot applicable Iaw requires interest to Me paid.Lender shAll n q =—_
<br /> - •� e�amings on the Funds. Barower and L.ender may agree in writing,however,that interest shall be paid on the Funds. Lendcr —
<br /> ` .� shall�for hich each debit to the Funds was made.�7'he Funds areFpledged as��ditionul security for�Wl sumsnsecurcd by _—__
<br /> - -=
<br /> �-s'4..._,_:.�;, - --_-_ �ia�Security lnswtnent.
<br /> If the Funds held by Lender exceed the amounts pern►iited io be hcld by sFPlicable I�W, 1-ender sha account o �'�•'
<br /> Borrower for the excess Funds in accordunce with the requiremenls of applicable law. If Ihe vmount of the Funds held by
<br /> � f.,ender at any time is not sufficient to pay the Escrow Items when due,Lender may w nntify Borrower in wriling,and,in —
<br /> o'� � � such case Borrower shAll pay to Lender 1he amount neces�ary to make up the deGciency. Bornower sheli mAke up the
<br /> • deficiency in no more thsui twelve monthl��paymen�s,at Lender's•wle discretion. [''--�-°
<br /> • � � Upon payment in full of all sums secured by this Security Instrument.Lender shull promp�ly refund�o Borrower any _
<br /> ' ' Funds held by I.ender. If,under paragrnph 21,Lender shall ucquire or seU the Propen)'.Lender,pnor lo Ihe acquisition or ��,_'��
<br /> �`,••. � ;, s a l c o f the Pro p ert y.shall a p ply any Funds heW by Lender ut the time of acquisition or snle as a credit egainst the sums r• .;.'.,Y ,
<br /> secured by this Security Instrument.
<br /> 3. Applkation d Payments. Unlc�a applicnblc law provides otherwisc, all paYments rcceived by Lender under __
<br /> �`''+ � � . ' ' parugruphs 1 s+nd 2 shall be upplied:fint,to any prepayment charges due under the Note:second,ro umounts pays�ble under �,�,��__
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<br /> '•� � paragruph 2;third,to interesl due;fourth,to principal due;and latit,ta nn lute char es due under the Note. —
<br /> � 4. Cbtuges; Liens. Borrower shall pay all taae+, ucsessmen�s churge�f nes and impo�itions attributable to the -��P',-_��'`_
<br /> , t �:1.`:�'-. Propeny which may nttain priority over�his Security Instrument,;u�d leasehold payments or ground rents.if any. Borrower .�__---
<br /> �'��.._�—
<br /> ' '��� S ' " shall pay these obligutions in the mnnner provided in paragraph 2.or if not paid in that manner,Borrower shall pay them on -_,_:_�rv.
<br /> .�,..,,�R
<br /> � " • time directly to the person owed paymcnt. Bormwer shull promptly furnish to Lendcr ull notice�of amuurns to be paid under ,
<br /> • • , ° �i;,; this puragr++ph. If Borrower makes these puyments direcUy.Borrower shall prompdy fumish to Lender recei{Ns evidencing ��:'_=
<br /> �s.s r.:;�;:._
<br /> ' the payments. �-'".-=_
<br /> •• Borrower shull promptly disch:uge uny licn which ha�priori�y over this Security Ins�rument unlea,Borrower:(al agree� , r
<br /> � • in writing to the payment of the obligation kcured by the lien in a munncr accehtable to Lender.(b)conres�s in goal faith the :;_V_��
<br /> lien by.or defends against enforcemem of the lien in.Icgal procccdings which in the Lender;opinion operute to prevcnt the ,.,-a�_-
<br /> enforcement of the lien;o�(c)secures from the holder of the lien:►n Agr�ement satisfactory to Lender subordinating the lien
<br /> � ' to this Security Instrument. If Lender delermines that any pan of the Property is subject to a lien which may attnin priority
<br /> , ovcr this Secudty Instrument,Lender may give Borrowcr a notice identifying the lien. Borrower shnll satisfy�he lien or take
<br /> • one or more of the actions set forth above wi�hin 10 ds►ys of�he giving uf noiice.
<br /> S. Hazord or Property Insurance. Barrawer +hatl kcep thc improvemenlz now existing or herea(ier erected on the ,
<br /> •• Property insured agninst loss by fire,hazsuds included within thr term"extend�d covera�r"and any other hazards,including
<br /> ^ floods or flooding,for which Lender reyuirr. inwrrrKC. 'Ihi, in.urancc +hall he muintained in Ibe amoums s�nd for�f�e �
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