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<br /> = .. -�' _;__ .� � Iuti�It1�K WI'Itt ou tha improvements now or hercuiter erec�ea on�ne propeny, und ali eu�emcnia.uypuiauu���ra. i=-�-�- - s�•. _
<br /> '� and flxture�now or herenfler u pon of the property. AI! rcplacements and udditiona shull ul�o be covercd by �hig Secudty . .�:��a�•r--
<br /> ' Inswmtnt. All of�he foregoing is referted to in thi�Securiry In:trument as Ihe"Property." ``".``°`"'�°''''���"'�"` -
<br /> 80RROWER COVENANTS�fwt Borrower is lawfully selKd of the estata hercby conveyed and has the�i�ht to gront �"i"'�� `�"'"''" ""'
<br /> '. , ''� ond convey the Property ond that the Propeny is unencumbered,eacept for encumbronces ot recnrd. Bortower w�nt�and .
<br /> will defend generally the titk to Ihe Propeny aQainst all claimr and demonda,subject to any cncumbrances of record.
<br /> � TNIS SECURiTY INSTRI.'MENT combines uniform covenants for nntional use flnd non•unifotm co�enams wl�h � - • • - �••�•- � .
<br /> � .�_-_•��. ___... .__ � Iltnited va�ietions by Ju�fadfction to consUtute a uniform aecurity in�trumem covering roal pmF+.my. : - . ..
<br /> �q� � UNIFORM CnV�NANTS. Bormwer nnd Lendercovennnt end agrce es follows:
<br />�� . • • ' ' � l. Payment of Principal ond Interest=Pnpayment and Lote Chw�a. Bortower shall promptly puy whrn Gue�he
<br /> princip�l of and interest o�Ihe debt evidenced by the Note and any prcpayment and late charges due under 1he Nae.
<br /> 2. Funda for'lyxes and Insu�aace. Subjec�to applicable Iqw or to a w�itten waiver by Lendet,Boirower�hall pAy to
<br /> Lender on the day manthly payments ara due under the Note,undl the Note ia pAid in full,n sum("Funds")for.(a►yearly '
<br /> �� taxea end aaseeamena which mpy attain prforfty over this Security Inslrument as a lien on�he Property:(b)yearly leuehoid
<br /> payments or ground re�ita on the Property, if any; (c) yearly hazurd or property insurance premiuma; (d) yearly flood '
<br /> _ . _,__ _ insurence premiumg. if any; (e)yeerly mortgage inaurance premiuma, it any; and(� any sums p�yabk by Borrower to ' •
<br /> Lender,in accordance wi�h the provisiona of paragraph 8.in lieu of tha p�yment of moRgage insurance prcmiums. These � m'
<br /> � items ara called"Bscrow Items." Lender moy,at any time.collect end hold Funds in an amoun�not to eaceed the maximum ' ' �
<br /> emount a lender for a federally rclated mortgege loan may requiro for Borrowerk ascrow account under the federol Real ' �
<br /> Estue Settlement Procedurc:Act of 1974 as emended from time to Wne, 12 U.S.C.§2601 et seq.("RFSPA").unless another �
<br /> Iaw that appfles ta the Funds sets a lesser amount. If so,Lender may.at any time,collxt and hold Funda in en a►mount not to •
<br /> � exceed the ksser amount. Lender may estimate the amaunt of Funds due on the basia of curtent dua and reawnabla '
<br /> . estfmates of expenditures of future Escrow Items or otherwise in accordence with applicable law. , ��
<br /> � The FLnds shall be held ln en insdtudon whose depasits ure insured by a Federal agency. inawment�lity, ur enUty �
<br /> (including Lender,If Lender is such an institutian)or in any Federal Home Loun Bank. Lendor shall apply the Funds to pay
<br /> the Escrow 1[ems. Lender may not charge Borrower far holding and applying the Funds, annually anwlyzing the escrow • :r;'°w�'
<br /> account, or verifying the Escrow Items, unless Lender pays Borrower interes[ on the Funds and upplicoble law pecrnits `�
<br /> � • Lender to make such a charge. However,Lender may rec�uire Borrower to pay a one-time charge for an independent real . �
<br /> , estate tax reporting service used by Lender in connection w�th this loan,unless applicnble law pmvides otheru�ise. Unless an `_—
<br /> .. agroement is made or applicable law rcquircs intercst to be paid,Lcnder shall not be rcquired to pay Borrower any intercst or -•-•� "�'"
<br /> � euminga on the Funds. Borrower and Lender may ngree in wridng,however.that interest shall be paid on ihe Funds. Lernler ����' �e
<br /> shell give to Borrower,without charge,an annuol accounting of the Funds,showing crcdlta and debits to the Funds and the �•K
<br /> ' pu�pose for which each debit to the Funds was made. The Funds arc pledaed aa addidonal security for all�ums securcd by � ��,,��
<br /> . tlUs Security[nswmen� , ': �
<br /> If the Funds held by Lender exceed �he amouna pertnitted to be held by applicable law. Lender shall accaunt to ,
<br /> Borcower fur the axcess Funds in accoulance with the rcquircmena of applicable law. If the amount of the Funds held by `��
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<br /> =_-_-- Lender ac any time i:noc sufficient to pay fie F.scrow Items when due.T.ander may so naiiy Bortower in wrinng,and m - ` —•• �r:
<br /> . such case Borrower shall pay tu Lender the amount necessary to make up [he deficiency. Borrower shall make up the +� �� �
<br /> • deflciency in no more�i�.in twelve monthly payments,at Lender�sole discndon. ••~ '�`
<br /> Upon payment in full of ull sums secured by this Security instrument,Lender shall promptly rcfund ta Borrower any � .• ;1;:
<br /> Funds held by Lender. lf,under paragraph 21, Lender shall acquim or sell the Propeny.Lender, prior to rhe ucquisiiion or ��
<br /> sale of the Property,shall apply any Funda held by Lender at the time of acquisition or sale as a crcdit agei�st the sums
<br /> �� secured by this Secudty In�wment. ' �
<br /> 3. ApplicaUon ot Payments. Unless applicable law provides oUxrwise, all�peyments received by Lender undar
<br /> paragraphs l nnd 2 shell be applied:6rst,to any prcpayment charges due under the Note; second,to amounts payable under ...,�
<br /> � par�raph 2;third,to intercst due:fourth,to principal due;end lest,to any late chazges due under 1he Note. ,-_
<br /> . 4. Char�est Llena Bortower shall pay ull texes, assessments. chargcs, fincs and impositions uttribumble to �he • �-
<br /> • Property which may attain priority over this Securiry Insnvment,and leusehold payments or ground rcnts,if any. Borrower
<br /> shall pay thae obligations in the manner provfded in paragraph 2,oe if not paid in that manner,Borrower shall pay them on
<br /> time diiecdy to�he petaon owed payment. Borrower shalt promptly fumish to Lende�all notices of amounts to be paid under ' '
<br /> this paragraph. If Bortower makes these paymenu direcdy,Borrower sh�ll pmmpdy fumish to L.ender receipts evidencing :.�.�•
<br /> • .� the payments. , ,
<br /> Borrower shall prompdy discharge uny lien which has priority over this Security Instrument unless Bortower.(a)agtees r •-
<br /> in writing to the payment of the obligation secured by the lien in a munner acceptable to Lender,(b)contests in good f�ith the
<br /> �� Ilen by,or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion opernte to prevent the
<br /> � enforcement of the lien; or(c)securcs from the hdder of the lien an agreement s�asfactory to Lender subordinating the lien
<br /> to lhis Security Instrument If Lender determines thnt any part of the Property is subject to n lien which may attain priority
<br /> over this Secudty lnswment.Lender mey give Bortower a notice identifying the lien. Bortower shall salisfy�he lien or take
<br /> one or more of the actions set fonh above within 10 daya of the giving of naice. ,
<br /> � 5. Haz�rd or Property Insuranca. Borrower shall keep the impmvements now existing or hercafter emted on the
<br /> " � Properry in�urod against loss by fire,hazards included witt�in the tertn"extended coverage"nnd any othcr hezards,including
<br /> � floods or floodin�, for which Lender requires insurance. This insurance shaU ba maintained in�he amounts and for the
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