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<br /> ' TO(l�7'HER WITH oU the improvemem++�aw or hercaftercrec�ed an�he pmpehy,und ull eaxemcnta,uppu�teaance�. -- _ -
<br /> ' and fix�ures now or hereuf�er a pun oP the propeny. AU aplacemontR and additions shall also be cavercrc�by ihis Secudty �'�°"�"'''"'�A'"'"""
<br /> In�tn�ment. A��oi�he foregoing in refeRed to in thle Securily Ineirument os Ihe"Property."
<br /> • ' BORROWBR COVENANTS Ihat Borrawer i�lowfully seiad oi Ihe ealate hereby conveyed und hus the dghl a�tant I
<br /> � and convey the y nnd Ihat the Propeny Is unencumbercd.except for encumbrances oP rceord. Borrower wqrnntr ond �
<br /> ' wfll defEnd general y�he title to the Properly ogainu all claims and demwnds,subject lo�ny encumbrances of rccord. '
<br /> THIS SECURITY IN5TRUMENT combine� unfPorm covenanls for natlonal use und non-unifom� covenams wl�h � :��i.��?;:.
<br /> � 8mikd variatfona by ju�{sdiction to cons�itute a uniform�ecurity lastrument cove�ing mal propehy. t „•. �---•--
<br /> _?`— UNIFORM COVENANTS. Botm�aer and I.mc�errnvenantand egrce ns followa:
<br /> •� � 1. Payment of P�Incip�l And lntercsti Prepayment and I.ote Chargea. sortower shall promptly pny whendue ihe :�...�:.�.�._
<br /> : p�incipal af and interest on tlre debt evidenced by iho Note and any prcpayment and late cha�ges due under the Note. ! ' '
<br /> j 2. E�undr�ot�71�xee and Ineu�ance. Subject to applicable law or to a written waiver by Lender,Borrower shatl pay ta „:::4-•----�-�_-
<br /> ,, � Lender an the dc►y monthly payments urc due under the Note, until the IVote is paid in full.a sum("Funda") far: (a1 yearly `'•�•-�u , ���
<br /> � iaxes and asseegrnents which may Attain priority aver�hia SecurNy Instrument as a lien on the Propeny;(b)yearly leaehold ����•
<br /> payments or ground rcnts at the Property, if eny; (c) yeauly huzard or propeny insurartce premiums; (d) yearly tlood -�:'=w�„�;k
<br /> insurancc premiuma, if any; (c) yenrly mangAge inRUrance premiums, if any: end(� any sums payable by Bortower Io '`�:�
<br /> f----� Lender,in accordance witi�the provis(ons of paragraph 8,in lieu of the payment of mortgage insuau�ce premlums, These �,—,_ _.�—" _
<br /> items are called "F.scrow Items." Lender mny,at�ny time,collat und hold Punds in en amount not to eaceed the muirnum �"•r w�::-,_
<br /> amount a lender far a fed,,rally nleted mortgage loan may require for Borrower's escrow account uader the fedml Real ��. �r-��
<br /> �stete Settlement Procedures Act of 1974 as amended from timc�o time, 12 U.S.C.§2601 et seq.("RESPA"),unless another ��`���"'�� '--
<br /> Inw that applies to the Funds sets a lesser amount. I f sa,Le n der may.at any t ime,co l lec t an d ho l d Fun d s i n a n e mo u a�n o t to �`` `�� -
<br /> � i excad the leaser nmount. Lender may esdma�e the amount of Funds due on the basia of currenl data and renonable t� � �,��,,,.,,
<br /> � � esdmetes af expenditurca of future Escrow ltema a otherwise in�ccorda�ce wilh applicable law. �°--�-
<br /> - The Funds shall be held in w� institution whose deposits are insured by a federal agency, lnstrumentality.a entity '�°•'�
<br /> � (including Lender,ii Lender is such an institution)or in any Federal Home Loan Bank. l..ender sball apply the Fund�to pey � �a-._ '+'''�"
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<br /> the Escrow Items. L.ender may not charge Barrowu far halding and applying the Funds,annually analyzing tNe escrow __.
<br /> nccount, or verifying the Escrow Items, unless Lerxler pays Borrower interest on the Funds and applicable law permits � ' •
<br /> - � Lender to mnke sucb u charge. However, Lender mey require Borrower to pay a one-lime charge for un independent mal .���f.� y`
<br /> esw�e tax reponing service used by Lender in connec�ion wi�h tBb lonn,unless applicable law provides dherwiise. Unless an i��. a�:`'.<',��.`
<br /> agreement is made or epplicable luw requires intercst to be paid,Lender shall not be required to pay Borrower any imeres�or ;'�'�;•.�';%:��.-
<br /> earnings on thc Funds. Barower and Lender may agree in writing,however,that interest shell be paid on the I�nds,Lender ' `"��?'�t<?i`s>':_ �
<br /> :s� •�;.,:: ..,o�
<br /> ' shall give to Borrower,wilhout charge,an annual uccounting of�he Funds,ghowing credits and debits lo the Furyds md the : ,�,�.:��.�� -_
<br /> purpose for which each debit to the Fuods wua rnode. The Funds are pledged as addi�ional securiry for all suma Rec�ted by � ;��jf;s;a.;� �
<br /> Ihis Sccurity Instrument.
<br /> If the Funds held by Lender eaceed �he amounl� permiued to be held by applicnble law, Lender shull Accoun�lo j., • , :-•�.
<br /> Bortower for Ihe eacess Funds in accardnnce wilh the requirernents of applicable law. If the amount of the Funds luld by ,
<br /> - Lender ut any time is noc:uificient to pay �he Escrc�w itCms wheu Juc.i.en3�r�iiay so notify 8orrower in w�iting,ar�d,in ..�'
<br /> . 1 such caae Barrower shall pay to�Lender the amount necessary to make up Ihe def'iciency. Borrower shall make up 1he i �..��:::at.
<br /> deficiency in no more than twelve monlhly payments,at Lender'asole discre�ion. i �' ;+, r�
<br /> ' •. Upon peyrnent in full of all aums secured by this Security Instrumem,Lender shall promptly refund to Borrower ony ' ��' ' . ,�
<br /> Funds held by Lender. If,under pnragraph 21, Lender shall acquire or seU the Propeny,Lender,prior to the ucyuisilion or � "'�'"1!`'7"
<br /> � 4ale of lhe Property, shell opply any FLnds h�ld by L.ender at�he time of acquisition or sale as a cradit against t�e sums • � ,�� �R
<br /> secured by this Security Instrument. , .. , �
<br /> 3. AppNcatlon ot Poymenta Unless applicabie law provides otherwise, all paymentx received by l.ender under
<br /> paragrnphs I and 2 shall be applied:first,to any prepayment chugeg due under�he Note:cecund,to amouots pnyable under
<br /> paragraph 2;�hird,to interest due;fourth,to principAl due;and las�,to ony late charges due under the Note.
<br /> ' 4. Chorges; Liens. Borrower shell pay oll �nxes,assescmenls, chnrges, fines and impositions attri6utable to�he
<br /> Fropeny which may attain priority over this Security Instn�men�,and leasehold payments or ground renls.if any. Barnwer
<br /> . shall poy these obligations in Ihe manner provided in paragtaph 2,or if not pAid in that manner,Borrower shall pay Ihem on
<br /> ' time directly to theperson owed payment. BoROwer shnll promply fumish to Lender all notices oF amounls to be pald under
<br /> — � this parag�ph. lf Borrower makes these paymeixs directly,Barower shall promptly fumish to Lender receipts evldencing .
<br />� , the payments.
<br /> Borrow¢r shall pmmptly discharge nny lien which has priarity over this Security Instrument unless Borrower:(a►agrezs '
<br /> in writing to�he payment of Ihe obliga�ion gecured by the Ilen in�manner accepta6le to Lender,(b)contests in good 6i th the . �
<br /> � lien by,or defends against enforcement oi the lien in,legal proceedings which in the Lender�s opinion operate to parent the
<br /> enforcement of ttie lien;or(c)secures irom the holder of Ihe lien an agreement satisfactory to Lender subordinating�he lien
<br /> �o thls Secudry Inawment. If Lender determines that any part of the Properiy is subject to a lien which may attain priority
<br /> , over�his Security Insvument,Lender mey give Borrower e notice identifying the lien. Borrower shall satisfy the llenor uke
<br /> one or more of the actions set forth nbove wilhf�10 days oithe glving of notice.
<br /> S. H�rd or Prope�ty Insurance. Borrower shnll keep the improvemenls now eaisting or hercafter erected on�he
<br /> Property insuRd against loss by fire,hoznrds included within tlx term"extended coverage"and any other hazards,including
<br /> floods or floading,for which Lender requircs iasurance. Thia insurence sholl be maintained in the emounts and for Ihe
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