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<br /> ' TOGE'1'HER WITH ull li�c impruvcmcnt,now un c�reaftcr crcrlyd on ihc pr.�xny, und :dl caKmrntr.oppurlcnuncev,
<br /> ��y,,; und fixtures now un c�reuitcr A purt of thc pruperty. All replaccmcros und uJ�iili��n� �hull ultin t+c cover�d hy thi+�Security
<br /> - _—=�wi►��r'`— In�trumen�, All of the faregoing ix n:ferrcd w�n thir Sccu�ty Insuumcnt ax thc"I'nry�cny...
<br /> �''��`'�"'''' ,�� • BARROWER COVENANTS thut Bom�wcr ir luwfully ticiscd oi'�he c�tutc h�rcby cunvcycd s�nd how thc�igbt to grani
<br /> '" " �`�4"' and convey Ihe Property und Ihut the Prc►perty is unencum6ered,except fur encumbrance�uf recurd. Burruwer wunyrns wWi _ �
<br /> ,�„ � will rl?fend genm.s!!y the tisle to shc 1'r<r�rty w�,ai+i,t ail�i�im�and dcmund.,�uhjecl la any enGUmhrunce+of recorJ. „r_LL ___ _ _
<br /> �� ' :�� ; �� " THIS SECURITY INSTRUMEP[T cnmbines uniform covenanls fur np�ion�l ucc und non-unifurm cuvenuntx wilh r �_�'
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<br /> . limlted variatians by jurisdlc�ion to c�m�tilutr n uniform serurity ms�nimen�cooering real pmpeny.
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<br /> UNIFORM CQVENANTS. Borrawer urid l.ender covenun�anJ ugrcc as fallows:
<br /> �,-.�:�'"':`�`��,:���:�� !, Payrnent of Princip�l and Interesl; Prepaymxnt And I.ate Ch�+rges. Barcowcr�hull prompUy puy when dw:ihc
<br /> .�=:.-..;:- �r � principul of and interect on the deb�cvidcnced by the Note�nd uny prepaymcnt and lutc ch•rrge.r•duc unde�thc Nute.
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<br /> __ ,. ��,:.�:�,:�,.;, 2. FLnds tor 7bxes and Insurance. Subject to applicublc law or to u w�ilten waiver by Lendcr,Burrowcr xhu pay to
<br /> � l�� � � ' l.ender on the day manthly payenent.r arc duc under thc Note. until thc Nrne is paid in full,a sum ("Funds")for:la1 ycarly
<br /> .::.�,;,�:�;;r�._ tsuees and assessments which muy attain priarity over Ihis Security Insuument As a lien on the Propeny:(bl ycurly leuxehold —
<br /> - ���-----�—' pAyments or ground rems on [ne tfioperty, ii any: Ic► yr,uiy La�iud u� pru�iar in+u�aiwa: Nr�miumti: (di y�:uly f1ooJ F- --• -
<br /> -`° " '.° ' '�'' insuronce premiums, if uny; le) yearly mortguge insur�ce premiums, if any:und l� s�ny sums payable by BoROwer to
<br /> ' l.ender, in accordance with the pravisian+of paragrAph 8.+n lieu of'the payment of mortgage insurvnce premiums. The.tie
<br /> -- ' ' items are called"Esc�ow Items." Leixler moy,at uny iime.collect und hold Fund4 in sui umount not to exceed the maximum
<br />_--__— ' • "" ' �mount u lender for u federally related mongage loan may reyuire fbr Borrower's escrow account under the federul Real ,
<br /> _=-- Estata 3ettlement Procedures Act of 1974 us umended from lime to time, 12 U.S,C. $2G01 er seq.l"RESPA'7.unle�s unuthcr
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<br /> ___�;,,;1.<<, �. ,, �' ' 1aw t1t�t applies to the Funds sets a lesser amount. If so.Lender may.at any lime,collect and hold Funds in un umount not to
<br />-=�-z���'�-�,��.• - � exceed tfie lesser amount. L.ender may esumue the nmount of Fundv due on the basis of current datn und reasonuble
<br /> '?' �:;�i'r " - espmatas of expenditures of future Enc�-ow Items or otherwise in accord�nce with applicuble law. �',;w�,,,F:_
<br />-:s: � ��� ; •.; The Funds shall be held in an institulian whose deposits are insured by a federul agency, instrumentaliq�, or entity
<br /> �� . ��•;�� t ineluding I.ender,if Lender is such an inslitutionl or in any�deral Hame Losm Bank. Lender shall upply the Funds to p•ry
<br /> the Escrow Items. I.ender may not charge Boirow•cr far holding and opplying[tie Funds,annuully analyzing the escrow ����
<br /> � �`� accoun� or verifying the Escrow Items, unless Lender ppys Borrower intemu on the Funds unJ applicable law permils ��'�`""'''��
<br /> Lender to muke such a charge. However,l.ender may require Borrawer to pa�•a one•time churge for an independcnt real ��..;„�_
<br /> �%' ` " " estate lax reporting service used by Lender in connection wilh ittis loan,unlesx applicable IAw provides otherwiu:. Unless aui ���-z__,_
<br /> d' agreement is mude or Applicablc law requires interest�o be paid,Lender shall not bc required to puy Borrower any imereyt ur —
<br />' r k eamings on thc Funds. Borrower and Londer ma u ree in writin ,however,that+n�erest shall be aid on the Funds. Lendcr �+�_-----
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<br /> -_: � _-�`'.ati,4�..,, - shall give to Borrower,withaut churge,nn annual accounting af the Funds.showing credils und debits to ihe Fundy und the �-
<br />_ 5•, � , purpose for which each debil ta ihe Funds was made. The f'vnds sve pledgecl w+��Mliiiu�wl.�.�.wity Wr alt sums securcd by �'��- °--
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<br /> this Security Instrument. �'; -
<br /> . `. ;" °' __;'- -„ lf ihe Fl�nds held by Lenc�r ecceed tlte emounts �+erm+ue�i r�Ix� held by applicable luw. Lender shall account tu � _ `
<br />� _ :;; .r Barower for the excess Funds in accordunce with the requirements of upplicuMe luw. If the amount of the Funds hcld L+y �''
<br /> � . . �: Lender at any time is nw sufficient to pay ihe Escrow Items when due,Lender mvy w nu�ify Borruwer in writing,und, in '�
<br /> , ^a"":'Y;;,�.;�,•• such cuse Borrower shall p�y to Lender Ihe amount necesxary to moke up the defcirncy. Borrower shall muke up thr � ,�+ �� '
<br /> ' . .. ' :. deficiency in no more thon twelve monthly payments,nt Lender+sole diticretion. _�___
<br /> ;;� .. � Upon payment in full of ull sums secured by this Security Instrument.Lender shall promptly refund to Borruwer uny ,�, �,�_. - .,.�
<br /> • � Funds held by Lender. If, under paragruph 21,Lender tihall ucyuir�or.reU the Property. Lcnder,prior to thc aryui+itiun or � . •.Y.
<br /> • sule of the Property, shAll opply uny Funds held by Lender ut the lime of acquisilion or wle us •r credit against thr sums �--� _•_ ^���
<br /> " ° secured by Ihis Security Instrument. � �' �' �
<br /> • � 3. Application of Payments. Unless upplicnblc law pru�•ides othcrwisc. all puymenl� received by Lcnder under � 'T`'
<br /> „ � pnrag�aphs I and 2 shall be applied: firct,to any prepayment charges due under the Notc;+econd,to umounts payuble undcr ��F __ --
<br /> parugraph 2:third,to interest due;fourlh,to principal due;and IaSt,to any late churt3es due under the No�e. �s,�.�-s.
<br /> � ' 4. Charges; Liens. Borrower shall pay all taaes,as�e�smems, charges, fincs und impnzition� attributuble ro the � .- �, _
<br /> ' ' �� Praperty which mAy nttain priority over thi+Security Instrument,nnd leusehold paymentti or ground rent�.if uny. Borrowar • ••'
<br /> shall p•ry thesc obligations in�he munncr provided in paragraph 2,or if not paid in that manner,6orrowcr xhall pay them on � -
<br /> U �,. . time directly w the penon owed p:�yment. Bo�-rower shull promptly fumish to Lender all nutices oi'�muunts to he paid under
<br /> t� this parugmph. If Borrowcr makes these payments directly,Barcowcr shall pmmptly furnish to Lendcr reccipts evidencing
<br /> . ., � , the payments.
<br /> . . � Borrower shall promptly dischurge uny lien which hus prioriry over this Suurity In,trument unless Borrower:(al ugrees
<br /> _ 'j;;'�,�: , in writing to the pnymem of the obligation secured by the lien in u manner ucceptable to Lender:(b1 ronte+�s in goai faith the .
<br /> -- lien by,or defends against enforcement oi ihe lien in,legnl praceedings which in the Lendcr;opinion nperate w prevent the ,
<br /> -_ � ' enforcement of the lien;ar(c)secures from the holder i�f thc lien an agreement+acisf'actory w Lcnder�uborJin�ting the lien � . _ '•_
<br /> �% to ihis Sccurity Insuument. If Lender determincs thal any pa�t uf the PropeRy is�ubjcct to a lien which may aunin priority �'� _�
<br /> ` �� over this Securiry In.rtrument.Lender muy give-Borrower u notice identifying the lien. Borrower shall satisfy the lien or take �• • ���">:�' �-,
<br /> ° , one ar more of the actions set forth u6ove wi�hin 10 dayx of�he giving of notice.
<br /> � ' �, � S. Hwzard or Property Insurance. Borrower shull keep the improverncnts now rx�.ting or herevRcr erected on the �
<br /> prope�ty insured aguinst loss by fire,hazunls incluJrd within thr terni"rxtrnded c•rveru�c"anJ an�•uther hazards,including
<br /> flooda or flooding,for which Lender reyuireti insurance. Thix in.urance shall he maintuined in the amounts and for the F .. ,
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