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<br /> T�OE7'HER WITH s►tl t1K impm�•enxnts naw oAhercafkr e�tod�oxl addpiri r�isnah 1 als�1► lx t.:u�ccc�by'�this,5ecurity --
<br /> fixtures now ur tserc�aRcr a parc of�hc Pm�cRY• �` -
<br /> itutcum�ni. Atl uf ch:for:tioing is rrfers'ed t�in thi�Securitv Iiuln►ment as the "Pn�pcny•" _
<br /> BORROWER COVENANTS ttut Bonaw'er is luwfully scised uf the est�te hcreby rnmeycd++nd i�a.c the ribi�t tu�r��t ats:
<br /> con�•ep the Arcyxriy u+►� tlut th:. !'n�perip is unencumberal, except for c�xumbr,�rurs uf'reconl. &'rTOw�r watrants a�x1 will _
<br /> ci�#',.nci¢ctkralty tix title tu tiu Property agalnst al�clainu an�1 detnYt�ds,�ubject ta:u►y e�xunibrvxcr uf re�urd. _
<br /> THIS SECURCi'Y lNS1'RUMENT combin�s unifarm cvr•nuu�!}for national usc and non•unii'orn�c��'citiants with linutr�d
<br /> vuiatioiti�by jurixliclion to wnstitute a unifonn sc�urity instcumcnt co��ering real property.
<br /> UNIFt)RM COV�NANTS. Bonaw�er a�xl Le�x�eT�UVenant and a�rce a'f°1�0`"s: P �y �y
<br /> 1. Payuunt of Priuciprl and I�terest; Prcpa�'u�eut sud 1.ate Clwr�ec. Borrow•cr st�all ram I when due the _
<br /> pri�cipal of and intereu an the debt evidencai by the Note and any prep�Yme�i�and�a�e ch:uges due under the Nutc.
<br /> 2. Fundc tos Ta�ces s�ud I►isuroace. Sub,ject to�PP��cab�e law or ta a writtcn waiver by l.end�r,Barrower shall pay to
<br /> Lentler on the day monch�y WYments are due undcr the Note,until thc 1Voie is paid in full,a�um('Funds")ior:(a)year�y taxes
<br /> 9nd assessments which may attain priority over this Security Instrument us a lien on the Propeny:(b)year�y leaseho�d PaYmetlis
<br /> or grouncl re�us oa the Property.if ony: (c1 Year�Y I�ard or propeny insurance premiums:ld)Y�'ly flood insurance premiums.
<br /> if n�ry: (e)yearly mortgage ittiwrance prenuums. if any:and(�any sunu payable by Borrow•er to l.ender.in sccardance wiih
<br /> the provicions of par�graph 8.in lieu of the payment of mortgage insunvxxe premiunu.These iten�c are ca11«l "Escraw Iten�s."
<br /> �,ender may, at any time, collect and he�ld Funds in an amouni not to exceed the maximum anwunt a lender for a federal�y
<br /> s:�:w�mp�o°"-ot lnan maV �I11I�C`01' BOfIOWG''s escr�w account under tt�e federal Real Fstace Settlement Procodures Act of
<br /> 1974 as an�etxlod from time to teme.12 U.S.C. Section 2601 et seq. ("li�l'A"). uniess aiwu�e� iLw ur.t:.��l:as so the Fus!�+�
<br /> set,s a lcssec amount. if so, l.ender may. �t any time. colleet�nd hold Funcls in an artxwni not to exeeed eh:lesser anwunt.
<br /> • Lender muy estimat�the anwur.t of Funds due on the basis of current data and reasonable estimates of expend'+tures of future
<br /> E:rotv I►_csns or cwhe*u+ise in acc:ordance with applicable law. n�:t
<br /> The Funds shall be held in an institution whose deposits are incured by a fedEral :�;c�ky. ��ra�=nisliiy. or e..._.y
<br /> (including Lend�r,if Lender is such un institutior►)or in any Federal Home Loan Ban►• I.ender s1�a11 aPP�Y the Fv�tO Pay�
<br /> Escrow Iterru. l.ender may no�cl�arge Borrower for hotding and applying the Funds,annually analyzing the escrow account.or
<br /> verifying the Escrow ltems.unless Letxkr pays Botrower inurest on t1�e Funds and applicable law pemiits l.ea3er to make such
<br /> a cluugc. However, i.ender may require Borrower to pay a one-time charge for u�independent mal estate tax reporting service
<br /> used by Lencier in connection wi,h this loan. unless applieable law provides othenvise. Unlecc an agreemem ic made or
<br /> applicabk law requires inurcu to be paid.l-ender st�all not be requimd to pay Borrower any inte�t or camis�s on the Funds.
<br /> Borrower and l.encler may agree in writing, however, that interest shall be paid on the Funds. Lender s1�a1� S°ti�e to Borrower,
<br /> witt►out chargo. an�nnual accounting uF the Funds, showing crediu and debits to the Funds and the purpose for which each
<br /> debit to the Funds was tnade•The Funds are P�edBed as�itional security for all sums securdd by this Security Inurument.
<br /> If the Funds held by Lender exceed the amounts permitted to be beld bY apPlicable l�w.l.ender sl�all xcount to Borrower
<br /> for the excess Funds in accordance with the requiremetus°f aPP��cabR ��W �f���of the Fu�tds held by Lender�t;car
<br /> time is not suffirient to pay the Escrow itemc when due.Lender m�y so notify Borrower in writing, and.in such case Bornwer
<br /> st�all pay to Lender the amount n�s-�rY to make up the deficieacv. Borrower shall make up the deficiency ia no more t�n
<br /> twdve montl�lY PAY�'�•���s soie discncion. - -
<br /> [ipon Fayment in full of all wmc securod by this Securit} T�ulunu►t. l.ender shall promptly refund w Borro•.::. �y
<br /> Funds heid by Lender.If,undes par'aSraPh 2l,Lender shail acquin or sel{the Property.l,ender.prior W the acquisition vr a�le
<br /> of the Property. shall app6�any Funds held by I.ender ak tt�e dme of acquisition or sale as a credit against the sura5 s.�c�rod by
<br /> this Stcurity Insttutnent. �S received by Letder under ParaBr+Phs
<br />- 3.Appiication ot RaYmeoRs.Unless apPlicable law provides otherwise.�11 p�y �le������2:
<br /> 1 and 2 shall be applied- fint. ta anY P�Y�t charges due undec the Note:seeond.to amounts PaY
<br /> third.to interest due;fourth.to principll due:and last,to any late charges due andu'the Note.
<br /> 4. Charges;Liens. Sorrov�er shatl pay all taxes.assessmenu,charges. fines and impositions attributable to the Proputy
<br /> which rnay auain priority o�er this Security Incwmeru. and leasehold payments ot ground rents. if any. Borrower st�ll paY
<br /> tbae obligations in the n�tner providad in paragtaph 2,or if not paid in ttiat tnannor.Borrower shall Pay them on time dittcdy
<br /> - �o the pers�n owed�ayment.Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragrs+ph.
<br /> lf Borrower makes these pa5'ments direcdy.Borrowec shall promptly fumish to L.ender receipu evuieiwi�ig t+`+�Nayir.�:s•
<br /> gorrower st�ll promptly discharge any lien which hzs priority over this Security liutrument unless Borrowu:(a)agrees in
<br /> writiag to the payment of the obligation secured by the lien in a mazu�er�cceptabte to I.ender:(b)contesu in good faith the liea
<br /> by, w defmds againu enforcemuu of the lien in. legal proccedings which in the I.ender's opinion oQer.� to prevent nhe
<br /> enforcemem QF the lien:or(c) secures from the holder of the lien an agreement satisfactory to Ieixler subordinating the G�ea to
<br /> th�s Sauri;y Inst�ument. If Lender ctetem�ines that anY Pan of the Pr°PertY�S�J��o a liea which may actain prio:is}•over
<br /> this Security InStrumenL.Lender may give Borrower a natice identifying the lien•Borrower shall s�tisfy the lien or tale one or
<br /> c�wre of the acdons set fatb above within 10 days of the giving oi notice.
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