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<br /> TQOE:77iER W(TH aU the imptovements now on c�r+caf�er crected on�he propeny,and all cascrnema,uppuACnancex,
<br /> �nd flxturea now or hereafter a part of the proper�3.• All replucemenls und acidilfo�R Khall alco be covered by Ihis Secudty
<br /> - Incwment. All of the faregaing is refcrted to in thia Security Insuumcn�ag the"Propeny."
<br /> BORROWER COVENAfY7'S thal Borrawer is lawfully reixed�f thc extate hcreby convcycd and hav the rlght to grant
<br /> -� and convey thc Property and U�at the Praperty is unencumbemd,except for encumbruncex oP recard. Borrower wcurunls and _
<br /> will defend generally tho title to�he Property againA�all cleims ur�d demanda,cubject to uny enc•umbruncca of record.
<br /> - -- - THIS SECURI7'Y lNSTRUM�NT combinea uniform covenanlx for naUonal use nMi non•unifarm covenantb with
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<br /> = limited variations by judsdic�ion to wnstitute n unifbrm xe�:urity inbtn�ment cuvering reul p�operty. �--
<br /> •;� UNIFORM COVENANTS. Borrower und Lender covenant and ugree as fallows: _
<br /> - 1. Payment ot fkincipwl and Interesti Prepayment ond Lwte Chwrges. Bortower shall promptly pAy when due thc _
<br /> principal of and interest on tha deb�evidenced by th�Note and any prepuyment und latc charges due under�he Nae.
<br /> ----------- ..� 2. Fl�nde far 71�tes s�ad Insurance. Subject to applicable Ipw or to a wrilten wniver by L.ender,BOROWC�3I1(III QAy(O
<br /> — �'--^� Lender on the day monlhly payments are due under the Note,until the Note is paid ln full,A sum C'Funds")for: (a)yearly
<br /> --__------_-'``"� taues and essessmenta which mny attufn prioriry over thfs Secu�ity Instrument as a licn on thc Property;(b)yearly lenschold �
<br /> -��-�—�. paymenis or ground rents on ihc Property. if nnY: (c) yearly hazard or property insuroncc premiuma; (d) yearly fluixl
<br /> °""'��1•� insu�ance �uemiums. if any: (e) yearly mortgage insurnnce prcmiums, if nny;and(� nny sums payable by Bortower to
<br /> ��,�v ="""'s Lender,in uccordance with the provlsions of paragrnph 8, in lieu of the payment of mortgage insumnce premiums. These _
<br /> -'"``"'�'� items are calied"Escrow ltems." Lender may.at any time.cullect nnd hold Funds in nn amount not to exceed the maximum
<br /> =- °�`'�'� umount u londer for a federally related mortgage loan may require for Borcower's escrow account under the federal Real -
<br /> E.rtate SetUement Pracedures Act of 1974 as amended from dme to time. 12 U.S.C. �2601 e�seq.("RFSPA"),unless anwher
<br /> �"""g''`��; law tl�at appl[es to the FLnd�seta a lesser amount. If so,4ender may.at uny time,collect and hold Flmds in an amaunt nat ta �'_
<br /> ' -:ti':�;,-�'w•;;,;'.;t eaceed thc tesaer amount. Lendcr may cstimutc the umount oi Funds due on the hasis of current data and reasonable __
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<br /> ,j� • � eadmates of expenditures of future Escrow ltems or aherwise in accordunce with upplicuble law.
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<br /> : The F�nds slwll be held in an institution whuse deposits arc insured by a federal agency, inswmentnlity,or entity
<br /> ���"`���-��� � (includfng Lender.if I.ender is such an institution)or in any Federnl Home Laun Bank. Lender shall apply the F1�nds to pay �
<br /> ��„��,,�: ,;� the Escrow Items. I.ender msy not charge Borrower for holding and applying ttie Funds, annually annlyxing the escrow i
<br /> � , account, ot verifying Ihe Escrow Items, unless Lender paya Horrawer interest on the FLnds and upplicable law permita —
<br /> =`r'''"`���. Lender to make such a churge. However,Lender may require Borrower to pay a one-time charge for an independent real
<br /> �`����`�� � estate tax reporting service used by Lender in connection wilh thia loan,unless upplicable law provides otherwise. Unless An
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<br /> -���:;;;�;;��;�:,�.�;,•�. . agreement is madc or applicable law rcquires interest to bc pald.ixnder shull not bc required to pay Borrower any interest or
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<br /> �, �4t�',r � . " eamings on the Funds. Borrower and Lender may agree in writing,however,that Mterest shall b�paid on the Pundx. Lender �,.
<br /> '�''�`Sri:J` shall give to Borrower,without charge,un annual accounting of the FLnds,showi�g cre�iirs and debits to the Funds and the
<br /> '�"`�'�""`��`� purpose far which each debit to the Fundc was made. The Funds�e pledged as additional security for ali sums securcd by —
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<br /> „�� ' this Security Insuumen�.
<br /> '�•�wr���4=`���`^ � Ii the Funds held by L,ender exceed the amounu pertniueci tu i� iirls by applicablc taw, Lcodar sfial! account so
<br /> � ° ^� "� Borrower for the excess Funds in accordnnce with the mquimments of applicable luw. If the umount of the Fundv held by
<br /> �� '•��� � �+�� �`� � Lender at eny time fs not sufticient to pay the Escrow(tems when due.Lender muy so notify Borrower in writing.and, in
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<br /> - - �� � "`� such case Borrower shall pay to Lender the umount necegsary �a muke up the deficiency. Borrower shall m�ke up the
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<br /> `_,'�� ., - ; ; deficiency in no more than twelve monthly pnyments,At Lender s sole discrelian. f
<br /> i. ' Upon payment in ful!af nll sums secured by this Security Insuument, l.ender shull promptly re�und to 8orrower uny
<br /> ^`���r u.;� �,,w.-;�,:� Funds heW by Lender. lf,under paragraph 21,Lender shall acquire or seU the Property,Lender,prior to the acquisition or
<br /> _;,, vr''�,X,;,u�►. Rale of the Property. shall apply any hunds held by L.ender ut the time of ucquisition or sule us a credit against the sums •�•-�-
<br /> ";;;,t�.�}j�•-+y--. ' secured by this Sec«rity Instrument.
<br /> ";';..-. •�, t 3. ApplieaUon of Payments. Unless npplicable luw provides othenvise, all paymems received by Lender under
<br />'"' k . paragraphs I and 2 shall be applied:firsl,to any pn:payment chsuges due under the Notc;second,to amounts puyable under
<br /> ;�e;;�''� paragrnph 2:third,to irnerest due;fourth,to principal due;and Inst,to any late charges due under the Note.
<br /> , .. ,;":���•�.. 4. Chargesj Llens. Borrower shall pAy ull taxes, ossessments, chnrges, fines und impositions attributable to the _
<br /> -, . • Propeny which moy nnain pdority over thi+Security lnstrument,and Ieasehold pnyments or ground r+ents,if any. Borrower ___.
<br /> . • � shall pay these obligelions in the manner pravided in parngraph 2,or if not paid in that munner,Bortower shall pay them on 4--
<br /> ° '",�''�,,: dme directly to the person owed payment. Botrower shull prampdy fumiwh to Lender ell notices of umoums to be paid under �.
<br /> ��,•.i�*�" ' ` "��:� this patagraph. If Borrower mnkes these puymcnts directly,Bortowcr shall prompUy fumish to Lender receipts evidencing , �==-
<br /> :�.�r;. . �.�;��. the payments.
<br /> '���.'��"' '� Borrower shall promptly dischsvge nny lien whlch has priority over this Security Inswment unless eorrower:(s�)ngrees
<br />_ . +�t�'��`��'' °�'° in writing ro the paymenc of the obligation secured by the lien in u monncr ncceptnble lo Lender,(b)contes�s in good faith the
<br /> ' ' r:• lien by,or defends ngafnst enforcement of the lien in, legul proceedings which in the Lender's opinion opernte to prevent the
<br /> �'��;-, enforcement of the lien;or(c)sccures from thc holder of thc lien un ugreement sntisfnctory to Lender subordinnting the lien .
<br /> ,,° ` ' '�'�' -":'' ', to this Securiry lnstrument. lf Lender determines thut uny part of the Property i+ subject lo u lien which muy att�in prioriry
<br /> •• � ��''', over this Secudty Instrumen4 Lender may give Borrowcr s�noticc identifying thc lien. Botrowcr shull sutisfy the lien or tnke �`'
<br /> • �� .,a,�,, '����: one or more of the actions set forth ubove within 10 duys of Ihe giving of notice. __
<br /> � ° �+`'�� • S. Hazard or Property iasurance. Bormwcr.r•hull kecp the improvements nuw eai�ting or herenfter erected on the -_
<br /> � � � `�� Property insured ugainst loss by firc,hazards includcd within the�crm"extcnded coveragc"und uny othcr h�unrds,including
<br /> ' ' �... tloods or flooding, for which Lcnder requires inaurnnce. This insurunce shull Ix muinlained in the amounls and for the _
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