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<br /> ITQCiETI-IER PJITF3 �Il Q�c impravcrnents now on c�ru�..ftcr��e6 ied on thc proprcny. und all c�scmcnis, nppurtcnnnces,end
<br /> , Cxtures nc�w on c�rcafter a pan of the property.i�ll rcplacements und ndditians shell nlso Isc cuvcred by�his Ser.u�eiry lnswmcnt.
<br /> Ali of Uic foregoing ls refered to in this Security inswment as�he"Property."
<br /> BORROWHR CnVBNANTS that Barrowcr is lawfully scised of the cstute hereby convcycd and ha�s the right w grant and
<br /> convey the Propeny nn� that the Properry is unencum6ered, cxcept for encumbrancc.a oi rocard. Borrower wnrmnts nnd wlll
<br /> defend generally the�de to qic Property agninst ell claims and demands,sub�OCt to any cncumbranccs oi record.
<br /> TFiIS 5EC(JIi1TY YNSTfLUD/IF3V'T combincs uniform covcnants far natlonn.l �!sc�nd nan-imiform covenants with lienited
<br /> yariadons by Jur3sdicdon to consdtutc a unifonn secariry Instrumcnt covcring rcal property. �
<br /> � UMFORM COVENANTS.Borrower and Y.cndcr covcnont end agtca es foUows:
<br /> :�}�; 1.PAyment of PrincipAl und Interesh Prepuymen4 and Lote Charges. Borrawcr shNl prompdy pay whcn due thc
<br /> ,� ,�„�.,,,,w principal of and intcrest on dic debt cvidenccd by the Notc and eny prepayment a�id laus chnrgcs due under d�e Notc.
<br /> 2,Funds for Terces nnd Insurance. Subjcct to applIcablo law or to a written wuiver by Lender, Borrower shull pay to � .
<br /> A L.ender on thc day monthly puyments are due under the Note,until thn Noto is pald in fuil,a sum("Funds") for.(u)ycurly uuces �
<br /> and assessments which may attain priority over this Security Instrument as a Iien on d�e Property;(b)yearly lcaschold paymenm `�• �
<br /> : or ground renm on the Property,if tury;(c)yearly hawrd or prcperty insurance premiwns;(d)yearly�lood insurancc premiums,if ;�;�'�.
<br /> . ' �, ; eny:(e))'�r1y mortgage insurance premiums.if nny;and(�eny sums payuUla by Borrower to Lender.in accaiduncc widi t`+n �,:�,
<br /> �°•� provisi�ans of parnBrnph 8, in IIeu of tha puyment of mongage insurance premiums.These itoms rue ctilled "Escrow IGems:' �,,,,
<br /> . ` " �� L,cndu may.et any dme,collect end hold Funds in an omount nat w eaaxd Uie mnximum amount a lender far a federally celated _�`�""'
<br /> maiig�c loan may require for Bonowcr's cs�mw axount undu the federal Real Estnte Seulement Proccdures Act of 1974 as �';==..
<br /> � zrr_ended f�om dme w time, 12 U.S.C.Secdon 26fD1 et saq. ("RESPA"},unless anor3iE;r L•nw t�c►t applies fio ihe Funds sete a lesser
<br /> tunounG I.f so, I.cnder mny, at wiy dme,cotlect and hold Funds in an tunount noY w e�ccecd the lesscr amounG Lender mny �'�
<br /> � esdmotc the amount of Funds due an the basis of current data and reasonable cstimntes of ex{�ndipues of fuuua Escrow Items or ni;R:�_
<br /> ��:�.,
<br /> ... otherwise in accordance with applicable law. _:.
<br /> - ' The Funds shall be held in an insdtudon whose deposits are insured by a fedeml agency,insirumentality.or enrity(including ___ __
<br /> . .,•. Lcnder,if Lender is such an lns�.c�t+on)or in any Federal Home Loan Bank.Lender shF�i apply the Funds to pay the Escrow -�
<br /> ��'�` � Items.Lender ma nnt charge Bor��wer for holdin and 1 in ihe Funds,annuall enal m the escrow account,or verif ln
<br /> ' ��"�:�, Y 8 APP Y B Y Yz B Y 8
<br /> .. .s.• •
<br /> - �''•• the Escraw It�ems,unless I.endu pays Borrower interest on the Funds and applkablc law pumits I.ender to makc such a charge.
<br /> �i!�' .. Howevu,Lender may require Bonower to pay a one-dme charge for en independem real estate tax reporting se,rvice used by -
<br /> - • " Lender in connecdnn with this laan,uNess applccnble law provides otherwise. Unless an agreement is made or appllcable l�w
<br /> requires interest w be paid.Lender shall not be requfred to pay Borrowu any interest or camings on the Funds.Bonowu a��d
<br /> -,,�s,i��`�'Y� } LCIIQCI IIIAy 8Fji0C lIl WIIIIII$�IIOR'�IIVQ.l[18T tilleiGSi S[tiiu oG paiu ti�i u�c ruuu'S.LGiuu 5u��ivc Gi D�i�itiww`�W'�'witt C�iaa�v,a"Tj
<br /> `�,��,;;�,_� . annuul accounttng of tha Flmds,showing credits and debits w the Funds and the purpose for which each debit to the Funds was
<br />` made.Tt�e Funcls ace pledgecl es addit�onal security for all sums sacured by ttus Security Inst�umen�
<br /> - � If the FuRds he7d by I.ender exceed the amaunts peirntued to be held by appGcable law,Lenda shall aocount to Bonow�For
<br /> --=>......,:: .
<br /> '-_.�:•`+L.'v�.rJ_R��� the excess Funds in accordance with the requi�ements of applicable law.If the amount of the Funds held by Lender at any time Is
<br /> ----�.��;..,�.�,:;,-:
<br />__=�;,;�;,_,,;�,�:�- not suffcient w pay thc+�scrow Items when due,I.ender may so nodfy Bomower in wridng,end,in suct�case Bomnwar sh�il pay
<br /> ---.-ud..t�d to I,ender the amount necessan+ to maka up the deficiency. Bonnwer shall make up tha deficiency in no mora than twe�ve
<br /> -:��!��"-'!�2@ monthlY PaY�►t�.nt Lcnder's sale discredon.
<br /> :_�.,'.i-,.';� �
<br /> .,:;-_,.,.__��,,,,,.� UP�{�Yment in fiill of all sums securod by this Socucity Iasmamcnt,L,ender sliall prompdy refund tn Bormwer any Fw�ds
<br /> •� - • a� held by Lender.IP.under paregreph 21�Lender shall acquire or sell the Propaty,I.ender,prtor W the acqulsidon or sale of the
<br /> _=='s"_'��� propefty,shall agply any Funds held by Lender at the time of acquisitlon or sak as a credit against tho sums secured by�tis
<br /> -_-=---� Socuriry InsttumenG
<br /> - ��_=���� 3.Applirntion of Payments. Unless appllcable law provides othe�wise,aU payments ra�eived by I.cnder under paragrephs
<br /> -� �a.*�'� 1 aad 2 shall be�pplicd:first,w anY P��Yment charges duo under the Not�;scoond,eo amounts paya6le undes parug�-aph 2;
<br /> -.__._..-�_.—�� �,w intencst due;fourth.to principal due:and last,to any late charges due u��es the NoW.
<br /> —_-- 4.Char�esi Lkns. Bocrower si�ell pay all taxes. assessments. ct�arges� fh�es end imp�sitFons euributable to thc P�operty
<br /> -__'�,� whIch rnay attain priority ovcr this Security Inst�uument,and kasehold paymenss or ground rents,if any.Bocrowcx shall pay these —
<br /> ==:�:�� obligadons in the manner providal in paragrapt�2,or if not paid in that ma►�»er,Bonower shall pay them on tirna dSrecdy to the -
<br /> ___--- person owed paymen� Bormwer shall promptly fumish to Lender all nodces of aunoun�s to ba paid w�dcr this pa�ragm�rh.If
<br /> � ----= Borrowu maices these payments dirocdy.Borrowcr ahall prompdy fumish tu L.ender cnoeipts evidcncing thc paym�ants. .
<br /> --_-_- --- Bormwer shall prompdy discharge any lien which has priority ova�his Security Inswment unless Borrower:(a)ag►x�in •
<br /> �wv,Ti��„��� wriciag to the payment of the obligadon stcvred by the Gen in a manner acoeptable W Lcnder;(b)contests in good faith tho lieh '
<br /> _=^�""�°== b ag 8 P 8 � P �� � pnvent the
<br /> - y, a defcnds ainst enforcement of [ho Gen in, le al roceodin s whkh in the Lender s o inion
<br /> :_�:��� cnfo�cement of th�licn;or(c)secures from the holdu of the lien an agreement satisfa;:tory to b.cndcr subordinating the lien to -
<br />___ -�,r''�'�`� this Secarity Instrument,If Lertdcr dei�nnines that eny part of the Pcoperty is sub,jc;ct m a lia�which may auain priorisy over this _
<br /> �"=.-��a Secarily Instrumen�L,ender may gav�Bomowcr a noricc idcnafying r1u licn.Borrowcr shall sadsfy the Gcr�or talce onc or morc -_—
<br /> Y"""�`'�`� of thc xtions set fanh above within 10 days of the giving of notice. -
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