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<br /> � - .: - T(?OG'fHER WITH aU the improvcmcnts now on c�rca8cr crccicd an►hc propeny,and nll casemenla,uppurtcnunceg, __
<br /> and f�xtures now or herewfter a part of the propcny. All replacements And udclidane shpll ul�o be covered by �hi�3ecurlty
<br /> � - " Inatrument. All of'the iorcgoing iR rcferred la in�his Security Inatrument as the"Propeny" _�
<br /> � BORROWER COVENAN7'S Ihet Borcower is Inwfully seised oi�he eRlatc hrnby canveyed und has Ihe �iBht ta Brant �,,^___�
<br /> � ' and convey ibe Property und�hat Ihe Praperty is�unencumbercd.eacepl for encumbrance�of recorJ. �arowe�wurr�nta and
<br /> � � . will Jefend genemlly the title�o lhe Pmpeny agoinat all claims and demrnd�.AubJec�to any encumMances ai record.
<br /> THIS SBCURITY INSTRUMENT combineR unifurm cavrnanta (w nationul uxe und nan•uniform covenan�n with
<br /> • � limited varfations by ju�isdiclion lo conslitute a uniform secu�fty inswmenl covedng rcrl propeny. s
<br /> '"- ` • ' UNIFORM COV ENANTS. Barrower and Lender covcnunt and ugrce as follows; E `!" -H---
<br /> ° � 1. P�yment ot Principal and Inlcresti Prepayment�nd Lote Ch�rges. Bortower ahull promp�lY paY whcn due�he � . °:��` :-..
<br /> ° � pdncipal of nnd interest an the debt evidenced by�he Note and any prcpaymenl and Iwe charga due under Ihe Note.
<br /> 2. Funda ior'Ibua aad Insurance. Subject to applicable law or to a wrinen wniver by Lender.Bortower ahall pay to
<br /> Lender on thc day mon�hly paym¢ntg arc due under the Note,until the Note is paid in full.a sum("Funda") for:ln)yaarly
<br /> taxes and asseasmcmts which may attnin priority over�his Secu�ity Instrument as a llen on the Propeny;(bl year�Y leasehald -YE.,.�
<br /> . , � paymenta or ground rents on the Property. if any; lc) yearly hazard or praperty fnsurnnce premiwns; (d) yearly flaod �'�.: -
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<br /> _� 1 fnsuranee prem�ums, !t aDy:le) yeariy mongage inswWK.c N�cwiuuu. �� �••y.••••••.•� •..v ..�•••» r•-v_t`!- b� --__---- -_
<br /> � L.ender,in accorcfance with�he provisions of puragraph 8, in lieu af Ihe payment of monguge imumnce prcmiums. These
<br /> , items arc called"Escrow Item4' Lender may,at eny time,collect r,r�d hol�i Funda in an amount not to exceed the maximum
<br /> ' ' � amount a lender for a federally related mortgage loan may tequire for Barrower g eccrow account under Ihe federnl Real _
<br /> • - Estate Senlement Proccdurc+Act of 1974 as amended irom lime to timc. 12 U.S.C. 4 2601 et seq.("R FSPA"),unless anather -
<br /> law that applics to�hc Wnds sets a lesscr amaunt. if so,Lender may,at any lime,collect and hold Fund�in an umount not to '°"
<br /> excecd �he lesser emount. Lender rnay esNmate 1he amount of Funds due an the basis af cument dala and reasonable _
<br /> estimates of expenditures of future�scmw Itema or o�herwise in accardance with applicable law.
<br /> The Funds shall bc heW in an inslilution whose depa.gits are insured by a feder�l agency, instrumcntuNty, or emity - -----
<br /> , (including Lender,if Lender is such an institution)or fn any Federal Home Loun Bunk. Lende�shull apply Ihc Funds to pny
<br /> the Escrow Items. Lender may not charge Borrower for holdinR and applying the Funds,onnuully analyzing Ihe escrow
<br /> -- � account, ar verifying ihe Gscrow Itcros, unle.r4 Lender puys Borrower 'snterecl on Ihe Funds und applicablc luw pertnils
<br /> � ' � Lender to mnke such a charge. However,Lender muy reyuire Normwer ui puy u one•lime chArge fiK un independen�reul
<br /> , . eslnte tux reporting service used by l.e^dcr in cor.�ection wilh thia loan,unless npplicable In�v providex ntherwise. Unleac un
<br /> I�� agreemenl is made or applicable law requircg inleres�to be paid,Lender shall nal t+e reyuircd In pay Borrower Any i��em�t or
<br /> � enmings an the Funds. Bonower nnd l.ender may ugree in writing,however,that irnerest ahall be pnid on the Funds. Lender
<br /> -- ,, •• � shall give to Borrower,without charge,un annual uccounling of�he Funds,showing crcdits nnd debits to Ihe Fund4 and the
<br /> � putpase for which each debit to thc Funds was made. The Funds are pledged as additianul security for all sums secured by -
<br /> , ' this Security Invtrument.
<br /> If�he F�nds held by Lender exceed the nmounls permitted to be hcld by applicnble law, Lender�hall account to
<br /> ____.__ '._�.=__ . • HaROwer for Ihe excexx Fundc in necardnnce wi�h the requirement4 ot upplicuhle law. If Ihe mm�un�af'Ihe Fundc held by
<br /> Lender at any time ic not suflicient to puy the E.cerow Items when due,l.encier mny so notify S��m.wcr ia w�iti�y�,aod,in
<br /> � , such cuse Bonower shall pny to Lender�he umaunt nccesxory �o make up the deficiency. B�rrc►wer shall muke up Ihe _
<br /> deficiency in nn more thnn twelve monthly paymentg,at l.ender's sole dixcretion. , _
<br /> - Upon payment in full of All sums securcd by this Security In+lrumem,LenJcr shall pmmptly rcl'und lu Hnrrowcr�my �;'"'�; r�
<br /> Funds held by Lender. If.under parag�nph 21,Lender ahall nryuire or xcll Ihe Proper�y,Lender,pr1cK lo IhC u!'yulslliotl tN � ����``::
<br /> solc of Ihe Property, ghall apply any Funda held by Lender at�he tfine of ucquisilion or xuk ag o credit ugoinst �he xums , ' �
<br /> Recured by�his Security Instrument. ' •'• ��'Y���_,;;`�
<br /> , 3. Applicatbn ot P�ymenls. Unless applicnhle luw provide� otberwi�c, all paymentx rcceived by Lender under . ''
<br /> paragrapha 1 and 2 shnll be applied:fin4 to ony prepayment charges due under�he Note;seconJ,to �xnomns payablo under ' •• ,�•._., `�
<br /> pnrag��aph 2;third,to interes�due;founh,to princip�l due;and lust,to uny late charges due under the Note. ��' "�`°�
<br /> A, Ch�rges; Liens. Bortower shap pay ull Irxe,, U�SCS%IIICI1IS,chargec, fincs and imposhions uttrilwtahle 10 the , .- . :.'`"',-�_
<br /> ° Propeny which may attain prioriry over this Security Instrument,and lensehold paymen�s ur ground sents,if Any. Bartower ; • . -_—_
<br /> � shall pay these abligations in the manner provided in parngrnph 2,or if not paid in�he�mnnner,8arowcr shall pny them on I -- '-"R"�
<br /> • '� lime direclly to the person owed payment. Borrower shall promplly furnish to Lender all notices of arnnunls to be paid under ' � ' ' 'v=°-
<br /> i lhis paragrnph. lf Sotrower mbkes these payments directly,Borcower shall pmmplly fumish to Lender receipls evidencing „
<br /> the payments. • M�-���"�-^-
<br /> '� ' Bortower shall promptly discharge any lien which has priorily over this Security Inxlrumeut unless Bom�wer.(a)a�rees +
<br /> ��'��• In wriUng to the payment oi the obligalion secured by Ihe lien in a manner uccepab�e to I.ender,(b)contesls in good fuith the i _.� —
<br /> lien by,or defends against enforcement of the lien in.legal proceedings which in the Lenderk opinion operate u�prevent the � � - �"-
<br /> enforcement of the lien;or(c)secures from the holder of Ihe lien an ugreement satisfactory to l.ender subordinating�he lien � �•
<br /> � to Ihis Security Insuument. If Lender determines that any purt of the Property is subject to o lien which mny ntu►in priority � '
<br /> � - �� over Ihis Security Instrument,Lender muy give Bo�rower a natice identifying tNe lien. Borrower shall eatiafy the lien or take
<br /> << one or more oF the nctions set forth above within 10 duys of the giving of notice.
<br /> 5. HAZard or Propeny Insurance. Borrower shall keep�he improvementa now exi.rting or iicreuper erectcd on Ihe
<br /> �_ . • Ropeny insured ogainst loss by fire,hazards included within the term"extended covernge"and any olher huzArds,including
<br /> �• � floods or tlooding, for which Lencler requires insurance. This insurance shall be maintained in the amounls und for the
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