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<br />. 'CO�iETHER R►ITI�!all the improvements now or hereafter er�cted on the propejty,and all easemems,appurtenances.and <
<br /> . fixtures now or hereafter a part of the Froperty. All replacements and additions shall also be covered by this S�urity �.
<br /> -- ' Inst�ent.Ait of tfi.foregaing is refcrred to in t�is S:ct�rity Itbstrament�the"Progerty." �.-=_
<br /> ' BORItONER�OVENAI3TS th�t Boero�ver is Iawfitlly seised of the estate hereby conveyed and has the right to grant and r _
<br /> .'. convey the Froperty and thnt the �opertY is nnene�m6ered. except for encumbrances of record. Borrower warrants and�uilt �•
<br /> ' defend generalty the titie w the Progerty against all ctaims and demands,sub,{ecE to any encumbrances of rerord. ��=':;.
<br /> 'THIS SECURITY INSTRU,LiE�'�iT a��bines uniform covenants for national use and non-uniform covenm►ts with limite� --_
<br /> —.''� variatinas hy jari�icuon to wnstitut.a uniform�instrument onvering real p��erty c
<br /> UNPFORM COVENANTS.Borrower and L,ender covenant and agree as follows:
<br />�� l. Payment of Prindpaf and Iniere5h, Prepayme�t and Late Charges. Borrower shali PromptlY PaY n+t►Qn due the ----
<br /> prineipal of and interest on the debt evidenced 6y the Note and any prepayment and laie charges due under the Note. �._
<br /> : .:� 2. F�auds fos TeBes aad I�osurance. Sublect to applicable law or to a written waiver by I.ender. Sorro�ver shail pay w �-_=
<br /> Lender on the day monthly g3yments are due under tf�e Note,until the Note is paid in full.a sum("Funds"}for.(a)yeariy mxes
<br /> �• and assessments which may attain priority over this Security Insuament as a lien on the Property;(b)Year1Y leasehotd paymenss °
<br /> ar ground rents on the Property.if any:tc)YeartY ha�rd or pmperty inssurance premiuws;(d)Yeaily fload insurance premiums, �'
<br /> .; : if any;(e)yearly mortgage insurtmce premiums.if any;and(�any svms payabte by Eorrawer to L.ender,in a000rdaace wittt
<br /> t the provisians of paragraph 8.in lieu of the payment of mortgage insurance premiums.These items are c�lled"Fscrow Items° _
<br /> Lender may. ai any time,collect and hotd Funds in an amouiu not to exce�d the maximum amouat a lender for a f�galt�
<br /> � . retated mortgage loan may require for Eorrower's escrovi accaunt under the federal Real Fstate Setttement Proaedtues l�►c¢af ___
<br /> �,, .� EE'F!4 as amended from rime to time. 12 U.S.C.Section 260]es seq. (°RESPA"),anless another law that applies to ttie Funds �;
<br /> - s:s a lesser amonnt. If so,Lender u�y,ai any time.co!lect and hold�re�nds in an umount not w exceed the lesser amount.
<br /> ` iti�der may esrimate the atnount of Funds due an the basis af curr�t�and r�sianable 'n+�f �of expenditares of funue �---•
<br /> . �-::.
<br /> iascmw Items or otherwise in acoordance with applic�ble law.
<br /> The Funds shalt be held in an institution whose deposits are nnsured by a �.�a! a��� instrumeataliry, er entity
<br /> �'i�?�ding L�ender,if Lender is such an institution)or in anx Fe8eral Home Loan�7;.�ender s}#�:i apply�G`w:nds to pay the �'
<br /> ` � �s,.�w Items.Lender may not charge Barrower for ho2ding and applying the Funds,a�uaaIly sralyzing the cs�bw account.or f� :
<br /> ,��`� verifying t6e Fscrow Ttems,unless Lender pays Borrower inter�st on the Funds aud applicable 1aw�ermits Lender to make such ��;;
<br /> • a chazge.Huwever,Lender may require Borro�+er to pay a one-time charge for an independent c�.a��tate tm�reportin�service • �F==
<br />' used by�Lender in connection with this loan, unless applicable law provides othenvise. UB:�s an agreement is made or �'`�
<br /> ��]icable law requims interast to be paid.Lender shall not be reyuired to pay Bosrower any interc�t or earnin�s oa the fi�nds. , ��`
<br /> ' I��rower and Lender may agree in�vritin .however,that interest s6all be azd on the Funds. L.ender s6aU e to Borrower. :���
<br /> S P � •�"r%:
<br /> ' ' av.i�tsout charge. an annual accoaming of the�unds,showing credits and debits w the Frands and the purpose for wluch eac� f�
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<br /> � ��.s deuit to the Funds was�ic.1°ue F�i�a�e plc�fged a;eddiiior�i sacm-ity far aii satm socur°c!by ih#s�ty Iu�trsuss�tsi. �—
<br /> � If the Funds hel@ by i.ender exceed the amonms pemutted to be held by applicabte law,I.ender shall account to Borcowe:
<br /> �� for the excess Funds in accoziance with ihe requirements of applicable law.If the�mount of the Funds held i�*L,ender at any :::
<br /> • ttm�is not sufficient to pay¢h�Escrow Items when due.[.endcr may su notify Benvwer in writing,and,in sucQ case Borrower ==_
<br /> slislt pay to L,ender the am�umt necessary to make up the deficiency. Sorrower shail make up the deficiency in no more than ��`#`��s.
<br /> � �. twelve manthly payments.af I.ender's sote discretian. �i:''
<br /> Upon payment in futl of all sums secured by this Securiry Instrumen� Lemder shald pmmpdys refund to Borrower any �;
<br /> � Funds hetd by Lender.If,uqQei paragraph 21.Lender shall aoguire or seU the Ptoperry,I.snder.prior to the acqurisition or sale -
<br /> of the Pro shal!a 1 an Fuads held b L�nder at the ame of a sition ar sale as a credit a a�nst the sums secured b ` �'��`r-
<br /> . P�'• PPY Y Y � g ' y .':�m,.�`
<br /> this Socurity Instiument. �`<�.'
<br /> �;'o�s-;
<br /> _.__ 3.Apptk�tion o�Paymeots.Unless ap�licable law provides oiherwise.all payments received by Lender under paragraphs
<br /> . � t and 2 shall be ap�tied:first,to any prepayment charges due under the Note;second.w amounts gayable under paragtaph 2; --
<br /> „ thind,t�interest due;fowth,to principal due;and Iast.W any tate chazges due under thz Note. � .
<br /> ' ._' . � 4.Charges;Licas.Be�:r�+awer shall pay all taxes.�sssessments,ch�tges,fines and impositions attdbutablc.P the Prapetty �t���,.
<br /> which may attain priority ovr�r tlus Security Inswme;�,�nd teasehold payaients or ground rents,if any. Borrower sball pay ��1..
<br /> these obligationl in the manner provided�para�h 2,or if noi paid in that masuier,Borrower shaU pay them at�time direcdy �
<br /> . to the petson owed payrnent.Borrawer'�i�l!promptiy furnish to Lender a!1 nodces of amoun�s to be paid uader this paragraph. _—
<br /> � If Borrower makes tt�ese paymenu direct3y:Borrower sha11 promptly fumish to Lender raceipu evidencing the paymtnts. � -�-.;:
<br /> ' � Borrower shall promptty discharse any lien which has priority over this Security lnstrument unless Bonrower.(a)agrees in ����"�
<br /> � writin�to the payment of the oblIgation secnred by the fien in a manner acaeptable ta Lender,(b)conrests in good faith the lien � �:...
<br /> � by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the __.,
<br /> � enforcement o4 the lien: or(c)secures from the holder of the lien stn agreement satisfactory to lxnder subordinating the liea r,� � ;�::;.
<br /> : thls 5ecurity Inswment.lf l.ender detennines that any part of the Property is subjcct to a lien which may attain priortty c�er - ...
<br /> . this Security Instnunent.L�3er may give Borrower a notice identifying the lien.l�anotver shall satisfy the lien or take one or � ';� .
<br /> �. �.�
<br /> . more of the astions set fostlh a�bove within 10 days of the giving of notice. • �_-
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