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<br /> 1'OG�iTHER \V1TFI all tha impcavements n�w or herafier erectal o�i�thn proparty, ynd �ll exs�ment�,
<br /> �ppurtenanoes,and f iYtwtis now or hereafter�{aut of tho proper:y.All replaumente�nd�ciclitions ahaU alsa ba covereci
<br /> by thia Security Instrument.All ot the toreRain�is reterred to in this Socurity Instrument as the'Property."
<br /> BOFF•U«'ER COVFNANTS th��Botto�vet'is Isw[ully seised ot the est�te hereby c�nveyod�nd has the right to
<br /> �rant�nd convey the Property and that the Prop�rty is unencumbered,oxcept�or encumhrune�s of roc�rd. Borrawe.r
<br /> warrar.ts and will defond�enerally tAe tido to the Property aL�inst elt claims and demr,uly,subject w any encumbeanc�.
<br /> af record.
<br /> TI-IIS SECURITY INSTRUA1fiNT wmbines uniform covenants for national use and non-unifarm co�•enu�ts with
<br /> limieed variations bv iurisdiction to constitute s uniform security iastrument coverin�resl�operty.
<br /> UNIFORI�4 C�VfiNAN'I`S.Botroaer and I.ender coven�nt and a�ree as iollows:
<br /> i.Payment aP�'riacipal aad Iaterest;Frepayment and I.�te Chasees. Borrower�hsll promptly pay ahen duc
<br /> the principsl of and interest on the debt evidencal by the No�ond any pnpayment and tate charges due under the Note.
<br /> 2. Fuads for Tsxa�and Iasurance. Subject to applicable lew or to a written waiver by L.ender, Bonower shall
<br /> y ta Lender on the day montlily payments are due under the Note.until the Note is paid in full,a sum ("Funds")for:
<br /> (�a)yearly taxes and a�ssm�nts which may attain peiori4y over this Se�urity Instrument as a lien on the Property; (b)
<br /> yearly leas�hold payments or ground rents on the Property,if any; (c) yenrly hazard or property insurance prcmiums;
<br /> (d)yearly flood insuranca premiums,it tny;(e)yearly mortgage insut�nce�rcmiums,if any;and(f)any sume payeble
<br /> by Borrower to Lender,in accordance with the provisions of para�raph 8,in lieu of the paymeat of mortgage inswance
<br /> premiums.These items are called"Escrow Items.'Lender may,at any time,collect and hold Funds in an amount not
<br /> to exceecl tiie mauimum amount a lender for a fe3�nlly rdated mortgags loan may roquire for Borrnwer's escrow
<br /> account under the fetieral Real Fswte Setttement Procedures A:t of 1974 as amended from time to time, 12 U.S.C.
<br /> Section 2602 e¢seq. ("RESP.�I"),unless another iaw that apQties to the Funds sets a lesser amount.If so,Lender may,
<br /> at any time,co4lect and hold Funds in an emount not ta excoed the lesser amount.Lender may estimste the amount of
<br /> Funda due on the basis of curr�nt data snd rea9onable estimates of expenditwes of future Fscrow Iums or otherwisa in
<br />- accordance with applicable law.
<br />. "i;ie i ua;s sh;.11 tu;s�2d in:n i:s„^t;tuti�n::�h�de�siiy eM ins�_trd by�fed�re!aancy; inAtrumentality,or entity
<br /> (including Lwder,if Lender is such on it�titution)or in any Federel Home Loan Buik.Lender shall apply the Fund9 to
<br /> pay tho F.scrow Items.Lender may nat charge Borrower for holding and applying tho Funds, annually analyzing the
<br /> e�;row account,or verifying the Escrow Items�unless Lender p�ys Borrower intereat on tho Funds and applicable ls�w
<br /> permits I.encier t., m�ce such a charge: However. Lender m�y require Borcower to pay a one-time charee for an
<br />. independent real astau tax ceporting service usod bq Lender in conne�ction with this loaa,unless applicabie law prvvicicx�
<br />-. otheraise.Unless an agceement ia made or applicable law roquires interest to be p�id,Lender shall not bo required to
<br /> pay Borrower any intereat or earnings on the Funds.Borrower and I.ender miy agroe in writing,howaver,that interest
<br /> shall be paid on the Fuads.Lender shall give to Borrower.without charge,an annual accounting of the Funds,showing
<br /> credits atsd dabits to th�Funds and the purpose for which each debit to the Fwtis w�s made.The Fund9 aro plod�ed as
<br /> additional soeurity for a'il sums securod by this Security Instrumrnt.
<br /> If the Funds Aeld by Lender excoed the amounts permitted to be held by applicable l�w�Lender shall aocount 40
<br /> Borroaer for t�e excess Funds in accordaaa with the roquirements ot applicable liw.If the amount ot the Funds hald
<br /> by l�ender at aay time is not sufficieat to pey the Escrow Items when d�e.I.ender may so notify Borrower in asiting,
<br /> aad,in such ca�e Borrower shall p�y to Lender the amount nece�ary to make up the d�fiaency.Borro�er st�all malce
<br /> - �y���:�w;�;;y.�M�«r�.,.�. e.��,tyw;n�t}�t��n,wltmwnta,�titmtlex'tnanleditoCreLO�1.
<br /> Upon payment in full of all sums secw�ad by ttus Securitp Instrument,Leac3er shall promptly rcft:r.d to Bosrower
<br /> any Funds held by Lender. If. under paragraph 21, Lender shall acquire or sell the Property, Laider� prior to the
<br /> aoquisition or ealo of the Property,shall apply any Fund,s held by Leader at tho time of soquisttioa or sale ae a credit
<br /> n,esinst the suma socured by this Security Instrum�nt.
<br /> 3. Applicatioa of Psymenta.Unless eppliable!aw provides otherwiae.all payments roaived by I.ender under
<br /> paragraphs 1 and 2 shell be applied:first,to any prepayment charges due under the Note;axand.to amounts pzyablo
<br /> under paragraph 2;third,to interest due;fourth,ta principal due;and l�st,to aay lau chuges due uisder:he Note.
<br /> 4. (.'lurtes; Lieas. Borrowa sisall pay all taxea, assessmeats. ch�rges,fines aud impoeitioas attributabla to the
<br /> property wtuch may attsin priority over t}ua Security Instrument. usd leasehold payments or eround rents. if anq.
<br /> Borrower shali pay these ob7igationv in the manntr pcovided in paragaph 2,or if not paid in that mannner,Bormwer
<br /> slsall pay them on time diroctly to the person owed payment.Borrower shall promptly fumish to Lead�x dl notixs oi
<br /> smounts to be paid under this paragnuh.If Borrower makea theso paymeate diroctly,Bosrower shall proniptly furnish
<br /> to Lender reoeipts evidenciag the paT�meats.
<br /> Borrower sl�all promptly discr.arge any lien which has priority over thia Security Instrumeat unless Borrower.(a)
<br /> agrecs in writing to the psyment of the obligation secured by t�e lien in a mu�ner tcceptable to I.ender;(b)coatests in
<br /> �ood faith the lien by,or defends a�sinst enforcement ot the lien ia,legal procoodings which ia the L,ender's opi�uon
<br /> opesate to prevent the enforcement of the liea;or(c)sxures frc,m the holder of the lien u►agreement satisfactory w
<br /> Lender subordiaatin�the lien to this Security Instrument.If Lersder deurmiaes tlut any p�rt of th�Property is subject
<br /> to a licn which msy attain priority ova this Socurity Instrument,Lender may give Borrower a notice identifying the
<br /> liea. BorroAer s}�sll satisfy the lien or t�ke oae or more of the actiona set forih above within 10 days of the Qicin�of
<br /> aotice.
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