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<br /> '� Tp(iETHFlt WITH all�he improvcmcnts naw or hereqfter erected c►n the propertY•a►id all easemcnta,kPpurtcnuncex,
<br /> -- -- �° and flatares now or heres�ftcr a part of thc prvperty. All replacements ond addilianw xhall ulxo be rnvered Dy lhi�Security
<br /> ��'� Y �,"� �n�trumem. All of the foregoing is rcferred to in thia Sccurity lnswmen�as thc"Pn►pertY•"
<br /> — ~ �� BARROWER COVENANTS thut Bortower is luwfully scitied of thc estatc hcreby cunvcycd uud has the right l�g���
<br /> � and canvey thePr�p��y and that thc ProPertY is unencumbercd,except far encumbnuuea uF record. Bunowcr wu�rAnta and
<br /> � wfil defend genomlly Ihe ti�k to Ihe Pmperty against oll clAims und demands.xubject to any encumbrancew ai rccord. c
<br /> � �� THIS SECURITY 1NSTRUMENT combines uniform covenant� for national use and nan-unii'urm covenwu�: W�th
<br /> " ?�- limitvd variations by jurisdiction to constitute u uniPam�security instrument covering rral propenY•
<br /> • �°::`�° UNIFORM COVENANTS. Borrawer and Lender coventu►t and agtce as follows: � Y�y
<br /> ��� 1. pay�peat af Priacipal and Interesti�rePay�pt rnd l.�le Clwrges. Borrowcr ahull mp11 when due t1�e
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<br /> �-� i principal of and interest on the debt evidenced by Ihe Note nnd an re a ent and late charges due under the Nae.
<br /> ,�:�y��: 2. �nd�for 711�txes and lasurance. Subject la applicable luw or to u written waiver by l.ender.Borrower shall pay to
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<br /> � ��'��""�'�'' " Lender on the day monihly pAyments are due under the Nae.until the Note is paid in full, A sum f'Fund�"1 for.(a)ycar y -__
<br /> ��'������ laxes and assessments which mAy attain priarity over this Secu�ry Instrument as A licn on the Praperty;(b)yearly leasehold
<br /> �>�;'"' " payments or g�aund rents on thc Propeny, if any: (c) yenrly haznrd or praperty insu�ance prem�ums: Id) yearly flood
<br /> ��,�,� -- sums ubte b Borrower to �
<br /> _ �.'�",. ; insurance Premiums. if any: le) yearly mortgege insurance premiums, if any: and lq unY paY Y,
<br /> �+�'ti��,�;;,°�� �.
<br /> <•••�'�•;;••'•: .� • I..ender,in accordance wiU�the provisions of purngrnph 8.in lieu of the payment of monguge insurnnce premiums. s�
<br /> _ �=--.e-�,--.� itcros are cnlled"Escrow ltem.s." Lender may.at any time,collcui an f bolB ��� ���account under ihet federal Rcal
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<br /> �� �;�. amount a lender for a federally related maAgage Icwn muy req ��
<br /> , -'��` Estute Settlemrnt Procedure�Act of 1974 as amended irom time to time, 12 U.S.C.§2GQI et seq.("RESPA"),un�ess anather iY__
<br /> � �� �"��• � law that applies to the Funds setc�lesser amount. If so.Lender mny,At any time,cultcx�and hold Pundg in an amo�+nt noc ta ..
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<br /> _—. , t ;�,..�.,,$�,�y,,., exceed the lesser amount. Lender may estimote the amount of Funds due on Ihe basis af cument data and reasonable �'�.
<br /> -�L,;;;,,�;�;�� • ,.;.. '� , , estimates of expendiiurea of futurc Escrow Items or otherwise in accordance with applicuble law. �
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<br /> ---.� � �'�'��r�"��;'�^�':''.."} (including l.ende�if l.ender,s�u h an in nt tion)o ndany�Fedc�al Hsome Loan Bunk.�l.ender shali apply�helF nd.c ta puy �
<br /> __,���� ".,,,�:,.. 1 in the Funds. annually analyzing the escrow �
<br /> ,.�,l�r�,;,,,yft.r �;�.;..,'�"; the Escrow Items. L.ender may not charge Burrower far holding and app y S
<br /> :,���. • �ti� �` .•.,; . account,or verifying the Escrow Items, unless L.ender pays Borrower interest on the Funds uad applicable law permits .t_�.-
<br /> �•'�'�f�••. .+;" Lender to make such a charge. However,l..ender may require Borrower to pay u one-time charge fa an independent real
<br /> -- -� ��.�c''�';�^'•. ", estatc tax reprnting service used by I.ender in connecuon with this loan,onless applicable law provides othenvise. Unless nn _`
<br /> "'`i'! =''�?; � � agreement is made or applicable law requires interesc ta be puid,l.ender shall not be reyuired to pay Horrower uny interest or —
<br /> —�. :: a�t:.: ' �
<br /> _';,,,�� .;:,��H;4.�:_, e a mia gs on the Funds. Borrower and Lendcr may agree in writing,however,that interest shall be paid an the Funds. Lender
<br /> '"'�� �jr;;,���l,�;,,,�..,,;y_ • shal{give to Borrower,withaut charge,un nnnunl accounting o f t h e F u n d s.s h o w i n g c c e d i t s a n d debits to the Funds and the
<br /> --�-°-'°- -- purpose ior whici�each debit ta the�unds was m�'• 7'he Funds�re P�edged a.c additional security for all sums secured by
<br /> �-�',1�� ' �,°r�+`' • _" - this Security Inspvment. _
<br /> " ' �� � If the �Lnds held by Lender eaceed the nmaunts permitted to be held by npplicable IAw,Lender shall account to
<br /> ���!�'i ' Borrower for the excess Funds in uccordance with Ihe requirements of applicable luw. If the amowrt of the Funds held by
<br />--„.,.•.; ` ° '•� • Lender at any time is nat sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing, and.in �.'�_n_
<br />-,_ ; • •• such case Borrower shall pay to Lender�he amount necess+�ry to make up the deficiency. BoROwer shall make up the --
<br /> -:�"= ' deficiency in no more than twelve monthly payments,s+t Lender's�:ole discretion.
<br /> � ' � � Upon payment in full of ull sumx+ecured by this Securiry Insuument,Lender shull promptly refund ro Borrower any _'-_
<br /> -,���`� " � Funds held by Lender. If,under paragruph 21,Lender shull acyuire or scll thc Property,Lender,prior to the acquisition or _
<br />- ' • . sale of the Property�sholl upply uny Funds held by Lender At Ihe time of acyuixition or sule s►s u credit ugainst the sums ___
<br /> . ' secured by this Security Instrument. _
<br /> " 3. Applicalion oi Payments. Unlexs upplicable law provides otherwise, all payments received by I..ender under _
<br /> -" .;y,�� .� •�� ' poragraphs 1 and 2 shall be applivd: fi�t.ta anY Prepuyment chargex due under the Nate;ticcond,to atnaunts payable under --
<br /> - � ;� ...�, . � paragraph 2:third,w interest due;fourth,to principal due:and la�rt,to uny lute chorges due under the Notc. �
<br />� : ,;'� 4. Clwrges: Liens. Borrower xhall pay all tuxes, nssessmen�s, charges, fines and impositions attributable to the
<br /> � a ,, . . ;�5; property which may uttsun priority over this Security Instrument.�nd lease ha l d pnyments or ground rents,if uny. Bortower N=_�,
<br />- • '..��: ,. shall pay thcse abligations in the manner providcd in parngrnph 2,or if not paid in that munner,Borrowcr shall pay them on - c
<br /> , . „ timc direcUy to the penon owcd payment. Bortower tihull prompdy furnish to l.cnder�11 nolices of amounts to be puid under
<br /> � . � � • � � ., this parograph. li Borrower makes the.,e p�yments dirccdy.Borrower shall promptly furni�h to Lendcr receipts evidencing ��-
<br /> ':;:� . . the paymenu. �'�',
<br /> ' Borrower sha11 prompUy discharge uny licn which hati priariry over�his Securiiy lmtrumcnt unless Burrower:lu)ugrees ���.
<br /> . in writing to 1he peyment of the obligation�ecured by the licn in a manner acceptable to Lender:(b)cuntesls in goal fui�h the �{=�
<br /> , � � � � lien by,or detendg against enforcement of the licn in,legul praceedin8s which in�he Leixirr:upinion operute to prevent the =«
<br /> ° eniarcement of the lien;or lc)secures from thc holder i�f the lien an ngrcement sati�fiactory to Lender subordinating the lien �:
<br /> ' � � � detennim.that un p�n of the Properly n xubject to a lirn which may attain priority �.,
<br /> .�,.._'� to this Securiry Inswment. If Lend�r Y -=-
<br /> ' �' over this Securiry Instrumcn�,Lendcr moy givc Borrower u notKC identifying the��en. Borrowrr�h�ll sutisfy thr lien or take �_
<br /> � ' �'` one or more of the uctions sel forlh�twve within III duys of the giving of noticr. �•`'
<br /> . �'•'"'`<"��' S. Hszard oe Property Insurance. Bortowcr shull kecp the impruvements nciw rxi.ting�.r hercaRer erccted un the
<br /> . ; y{..�-'};��`'���
<br /> � ;�,.. propeny insurcd ogvinst loss by fire,h:u.ard,inrluded within tln term"extended coverogc"anJ•rny other h;�urds,includmg
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<br /> ' .,.,h;,;,;�:' . �, tloodx or tlooding, for which Lender reyuirc+ in.urancc. This in+urance�Nall tx maintainrJ in the urt�unu and(or 1he
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