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<br /> TUOG'r�ll?t7 WITH all the in�ptovements aow on c�re:nfter c;r;ct�d an dir. pruperty,and;�Il easer�icnts,appur crc�uices,
<br /> a���fix;;ares now �Y h�rrniter n i�ui ve iiiu n Z��ty. A1!repl"^t!7lC11I9 P,tISI^_dd�l:onq fihaU nlso be cuven,d by this Sacurity
<br /> Insui�mcnt. �ill�f►hc foregoing Is referr�d to in this Security Instcumcnt as ti�o"nu�;�►y." �
<br /> k�ORROW�R COV'�NANTS that Bo�owcr iy luwfulYy saisecl of thc estatc hcrcby canveyed and hua the riBht tn�tnnc
<br /> nnd convey tho f'ropeny and that the Property is unencumberccl,except for encun�brances of record. B�rtower warrantn and
<br /> we7l deicfiJ�atic�•a�ly thc ddc tn tha ProFrrty��"inse n�l clni�ns and dem�nd�,sul�ject ta any encumbrances af'rec�rd.
<br /> THIS SLCURITY INS'I'EtUMIIN'C combinea unlform cov�nante for nntiunal u�e and non-uniform covennnte with
<br /> limlted vadation�by JurisAlctlon tu constituce n uniform seciarity iustrument covering real property. �
<br /> IJNIFORM COVEI�IANTS. Bonuwcr and l..ender covennnt und agece us iollowe: '
<br /> �� a whcn duo th�
<br /> P,�yment of F�inctpwl and Interzsl;l'rep�►yment and Ls►te Chrrges. Boaower shall pramptly p y
<br /> principal of anJ interest on tha debi evidenced Uy.tt�o Note and any prepaym�nt nnd late charges due under the Note.
<br /> 2. Funds for'Ihxes and Inournnca S►li�{c�t to npplicuble law or to�written wnivcr by Lender,Borrower stinll{�ny ta
<br /> Lchder on thc day monthly hayments nre duc under thc Note, undl thc Note is paiJ In fuU,e sum("Flinds")for:(a)yanrly ..�
<br /> tar.es ru►d nssessmentR which rnay attain pdority over this�ecurity Instruinent as a lien nn�l�c Properiy;N)Yot+ely!uu�att�ld
<br /> p;�ywcnts or ground rents on the Property, if any; (c) yc�dy hnziud or propeny iusurn7cc gremiums; (d) yontly fl�uxl
<br /> �n�ur.mee prem�ums,if any; (e) yearly mortBa�e insuranr.e pminiums, if:+ny; nnd (t� any sums payublc by Aotxvwpr to
<br /> Lender,in accordance wid�tho provisinns of�:,ragraph 8. in lieu of Uin�nu�1�nt af mortgage insurnuca prem�wns. 'Chc�Fo
<br /> itr��s�re ealied"Escrow Items." i..ender►ni�;�.4t any time.colleet nnd hold H-li�ds in on amaunt not to es�eed the mcucinttun.
<br /> airnoux�e u lender for a fedcraUy n:l�tted rnoreIIage loun may require for Horr.ower's essnotiv aacow�t undcr the fedeml Rc:al
<br /> 6stat�aettie�nent!'irocc�u�:s R�t�E l'974 as amendedl fmrr�ilme to time.l2 U.S.C,§2�51t�r�t s�q.("R�SPA"),unless anath�:r
<br /> law�hat ap�Ge�to the Funds sei.s:n Eesscr t�mount. If so,LendGr may,at any dme,collece�n�hold hUnds in en�mount noi to
<br /> • excecd the lesscr amuunt. I.�r.�or may cstimate tt�e nmount�of �nds due on the t�asis of current data und reasonable
<br /> estimates of expertditures uf future L�scra�v ItcaLS or oYherwise in accordance with applicablc law.
<br /> The lE�nds shall be held in an ins:�tutien whose deposits ure insurec9 by a fedaral ugency, inshumentnlity. or entity
<br /> (inciudiug L.en��.r,if(..cnd�r is si:ch an ins:ittition)or in nny Federul Home Loan Bunk. L.endcr shall apply the Flwds to piy
<br /> tY:�l.s�row Iums. Lender nut� not ch:irge �orrower fus holding and applyin�the Fvnds, annunIty u 1 cablu�l��v�ytmfts
<br /> necou�nt,or verifying tt►a Escmw Items.unless Lender�s+p:c Aorrower in�erest on the i'unds a�id npp "P' _
<br /> Lendec to make suuh a chazge. However,Lender may c�quice Bo�mwer to puy a anc-dme eh:�rge for an indopen&nt real
<br /> estat�tax repore:�g urv'sce used by I.ender i�connectIon with this la3n,�.�r��eES appllcable Inw provideF otherwlse. UnPess�n
<br /> ' agreement is madc ot applicablC law requires intetest to be paid,Lender sf�aU not bo required to pay H�rrower any in0;roat or
<br /> eatnings on Ihe F1mds. Botr�ever wsd Lender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> sha11 give to Borrower.wittnoiit_chnrge, an annunl accounang of the Funds.showing credits and dobits to the Funds and the
<br /> purpose for which taCR�ebiY 10 73�e�unds was m•ruc. 11 a�i uit3s�g1�3eed°..°° ` �i�Qn1�ec.urity for all sums secured by
<br /> . this 5ecurity Instaument.
<br /> � If the Funds held by Lender exceed.the amonncs permitted ta be held by apQlicable law.Lender sha11 account to
<br /> Bortnwer for thc cxeess�nd9�in accordence w'stli thr,mcluirements of applicable laW. If the an►flanR of the Plmds hcicS bY
<br /> Lender ut any time is nut s��►7c:isnt to pay tha Escrow Items when due,Lender muy so narify�errower in wridng,end,in
<br /> such �ase Borrower shalt pey¢a Lender tho amaunt neeessur�+ to make up thr,de�ciency. }�orrower shull a�ake up tho
<br /> clefiaiency in no moro than twc:lve mpnthly pAyments.at l,�nder fi sola discredon.
<br /> Upon payment in full of al!sums secuird by this Security Instrument,L.endcr shail prompdy refund to Bamwor AnY
<br /> Funds held by Lcnde shall a dl r zn��nds hleld b dLc dc�r at�the rime of acqui�sion or saleca:+a�credit aga.i'nst�theisums
<br /> sak nf Ihe Property, PP Y Y Y •
<br /> secured by this Security Insmna�;ent.
<br /> g, ApPI{catlon o[F�xyas►t�tv. Un(nss appliaable law provides otherwist, a12 paYmence received by Lender under
<br /> parngraphs 1 and 2 shall bs applied:first,to any��epayment charqes due under the I�Sac�;sccond.tn amounts payeblo undcr
<br /> parngrxph 2;third,,to.}acerest due;fa�rth,to princ�pal due;end last,to any late charEas cltre under the Note.
<br /> 4. Clu�t�es;'[� Borrower shalt �puy all tuacs,assessment�, charges, fines.�and imposition& attributsble to tho
<br /> pcuperty which�may.�ltain priority over thia�ceurih�r[nstrument,and leaschold payments or ground rents,if any. Bamwer
<br /> �Yutll_�►ny.those obligations in.ithe manner provided in pnragrlph 2,or if not paid in tltat manner,Borrower shall pay thcm on
<br /> tirna.�lircctly lo Uie�}rson`owed paymont. Borrower shull prompNy fumish to Lender 1�11 n�otices of�►m►unts m ba pnid urKkr
<br /> th'is pangrsph. If�Hdrtowhr•'mnkes these payment:�d'u+ecUy.Borrower shnll promptiy f�irnisls to 1..end"-r reccipcs evidoncing
<br /> . ttu paymenW. . .
<br /> Bore+nwer shall promptly disctwr�e any licn which has prioriry over this Security Iastrumont ur+lese Bocrowlr:(a)agt+ecs
<br /> . in writing to the payment of tha obUgation secured by the lten i��a manaor,�tcceptable to L.cndGr;(b)contests in good faith tt�e
<br />— lien by,or defemis agains3 t�forcemant of the lien in,legal proceed'►n�s which in the Lcx�dec's opinion oporate to pnvont tho
<br /> enfoc�cement of tho lien:oe{c)sccures fram the holder of the lien an ap,reement satist'acta�ry co 1.ender subordinating the lien
<br /> to this 3xurity instrumcn��It T.endcr dctermines diat any psut of the Pmperty is a�bjcc3 to a lien which may ettain priority
<br /> over this Security lnscrumcnt,dxnder may gi�e Hosrower a notice idcndfying the lien:,?�uirowcr shall sacisfy the lien or talce
<br /> - oae�r mc►rc of 4ho ac��:ss stt'f�rth c►hove within 10 days af th�giving of noticc. �
<br /> s, Hunrd or�rm}�eYty•Int►urana. F3ormwer shall kecp the improvemeat�now axis�iug��t he;cafte;erccted en the
<br /> �perty insured agaia✓�lt��:�iby fixe,hnzards mcluded within U�e tenn"extendcd cov:ra�qe"and iuiy othex har.ards.includin8
<br /> �iobds or flooding,far w'hicG�R.endcr requii�es insuranca. 'I�is insurance shnll� �r.{»�tained in thc amounte cutd for tha
<br /> ' � Fe�3ti2� 9�f0 (paad a o16 t�sn)
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