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<br /> '— - --- TOOETHER WITH ull the improvcmcNa now ur hercufter crcctcd an�he prupcdy.und all eusemcnts,uppu
<br /> ��" --= ai�d lixtures naw or hereaftcr a purt ui the property. All replucemenls pnd addi�ions sholl alxc�be covcred by�hi�Secud�y ___
<br /> __ .�,�� in�ment. All of the foregoing ic referred to in thle Security Inswmcnt aa iha"Propehy•" _
<br /> -.� BORROWER COVENANT3 that Borrower is luwfuliy�cised of the estate hcrcby canveycd und hus the�ight�n grant � _ _
<br /> �.,,�,��"`: and comey the Property and tlwt the Property is unencumbercd,except fcx encumbronc�a uf rewrd. Bwrowcr wurtants ond
<br /> w i l l d efend generally the title to the Pro p en y against all cluimr and demonds.►ubject�o urty encumbranccs of recorci.
<br /> `� ,, THIS SECURITY INSTRUMENT combinea uniform covenants for nation�l use and non-unifnr►n covenonls wl�h
<br /> "'' limited variations by jurfsd:ction to rnnstitate n uniform security inslrument coverinR rcal property. -__-_
<br /> ,���{ � UNIFORM COVENANTS. Botrower ond Lender cavencint end ugree na foliowa: when duc the ��4
<br /> � 1. 14yment ot Principal�nnd Ialcresli�'ePay�nt wnd Lwte Ch�es. Borrowcr shall promptly pay
<br /> "``-''°`-"-`��" principal of and interest on the debt evidenced by the Note nnd any prepayment and late chargea due under�he Note.
<br /> �=!.r:�?;.'��°�y� 2. Funds tor 7lwces nnnd losurance. Subject to applicable luw ar ta u wrftten woiver by L.ender,Hortower shull puy to
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<br /> .ry,�_��;� : Lender on the day monthly paymcnts aro duc under the Note.until the Note is paid in full,a sum("Funds") or. (u)year y
<br /> ���"""�`''�� taxes and nsseasments which mey atlaio priority over lhis Secu�ity Instrument u�u lien on the Property:(b)yeurly leasehold
<br /> " �?'_c�; puyments or ground renta on the Property, if uny; (c) yeurly hazard or property insurnnce premiuma; (d) yearly flaod � _ __
<br /> � - insurance premium�, if any; (e)yearly monguge insurunce prcmiums, if any; end(� pny sums payuble by Bortower to
<br /> �:�°b;:`���,y: ' Lender.in uccordance with the pravisians ui psuagrnph!i.in lieu of the payment af mortgagc insurance premiums. These
<br /> � ���r -"�`"" items aa callecl"Escrow Items.' Lender may,ut uny time,collect and hold Funds in an amount not to exceed the mnximum
<br /> "' '¢• amount a lender For�federally related mortgage loan muy require for Bortower�s escrow accouot under lhe federal Real
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<br /> .-��!}��1�P�54.qf�_: ' Fsuue Senlement Pracedures Act of 1974 as umended from lime ro time. 12 U.S.C.§2601 er seq.("RESPA"),unless nnother
<br /> .;V�}�i,.:•_"4;,;, law�hut applies to�he Funds se�s u lesser amount. If so,Lender mny,At nny time,collect und hold FLnds ln un wnount not lo --�
<br /> _ -. .;.�-�.�: ezceecf Ihe lesser amount. Lender moy eslfmate the amount af Funds due on the bASi4 af cumnt data and reasonuble ��=��
<br /> _,;;,_,_�_�«;,;,,;:s�; •• estimates of expenditures of future Esceow Uems or otherwise in accardance with applicable law. =s
<br /> -• The Funds shall be held in An instiwtion whase deposits ore insured by a federui ngency, inswmentaliry, or eatiry �ti�
<br /> :`��si� (including L.ender,if Lender is such an institution)or in any Federal Home Loun Bank. I.ender shull apply the Funds to puy
<br /> `�'���. the Escrow items. Lender may na charge BoROwer for holding and applying the Punds,sinnu�lly annlyzing the escrow .,,,^
<br /> — � .��•: � ,-;�,�,�,' accaunt,or ve�ifying tF�e Escrow Items.unless L.ender puys Borrower interest an the Flinds and upplicable Inw permits _ �
<br /> n•.�t�� � �'°� �' �• Lender to make such A charge. However, l.ender may rcquire Borrower to pAy a one-time chnrge for an independent real
<br /> - --- +�.-�� •• eswte tax►eporting service used by Lender In connection with this loan,unless npplicable law provides otherwlse. Unless an �"'�y"�
<br /> ngreement is madc or upplicable law requires interest to be puid,Lender ahall not be required to pay Borrower ony interest or
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<br />�':�. ., � .'. " ewninga on the Funds. Horrower and Lendcr may agree in writing,hawever,thut interest shal)bepa�d on the Funds. I.ender
<br /> -,,,_,�. , shall give to Borrower,without chnrge,an unnual accounting of the Funda,showing credits s�nd debits to�he Funds and the
<br /> '��-� ,;,,,,, � purpo�for which euch debit to the Funds was made. The Fuods ore pledged as additional security for all sums secured by
<br /> w� ' L ,l this Secudty Inswment. --
<br /> -- -__ - If the Iisads held by Ltntks escecd the em�+!�n�� ���ued to be held by upplicable law. Lender shall account ta �,�
<br />���~�� . " 8ortower Por the excess Funds in accordunce with the rcquirements of applicable law. 1:the amount of the Funds held by
<br />�`;°�'.•. " � Lender at uny time is not sufficient to pay the Escrow Items whan due.Lender muy so notify Borrower in writing,and.in
<br /> :�;;,;�� such case Borcower shall pay to Lender the amount necessnry to muke up the deficiency. Bomower shall make up ihe
<br /> �' defkiency in no more than twelve monthly payments,ut Lcnder's sole discretion. -__ -
<br /> _ .. �',;;:';,. . ' Upon payment in full of all sums secured by this Security Instrument,l.ender shall promptly refund to Borrower any Y
<br /> � Funds held by Lender. If,under paragruph 21, Lender shull acquire or se0 the Propeny,Lender,prior to the ncquisition or �___-
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<br />':,'.�i�� '. '�� � �� snle of�he Property, shall upply uny Funds held by Lender ut Ihe time of acquisitfon or sale as u credit aguinst the sums _ �
<br /> secured by this Security Instrument.
<br /> ` • • 3. Application uf Paymenls. Unless �pplicnble luw provides otherwise, all payments received by L.ender under
<br />-`�l"'' ' :bZ ptungraphs 1 and 2 shall be upplied:first,to any prepuyment chnrges due under�he Note;second,to wnounts payable under
<br /> ::��. - �� : paragraph 2:third,to interest due;founh,ro princ�pnl due;and layt,to any late charges due under the Note. �
<br />" • • 4. Charges; Liens. Borrower shall puy nll tuxes, us�cssments,charges, fines und impositions uttribulabk to the __
<br /> � ;�. : � � ',: . Property which may attain priority over this Security Instrument,and leasehold payments or ground rents,if uny. Borrower "
<br />` ••,�!, shall puy these obligations fn the munner provided in pamgmph 2,or iF not puid in the� manner,Borrowcr shall pay ihem on �-- :��.
<br /> � � � time directly to the person owed payment, Borrower shall promptly fumixh to Lender uli notices of amowus to be pufd under �
<br />-'�,N+�'��', u�'''' � ' this parngraph. If Borrower makes these payments directly,Borrower chall promptty fumish to Lender receipts evidencing i;� == -
<br /> ''`��� ` . � the payments. ��'-y
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<br /> ..,� , . • , Bortower shall promptly dischnrge siny lien which hos priority over Ihis Sccurily Ir�strumcnt unless Borrower:(a)ogrees
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<br /> � , , in writing to Ihe payment af the obligucion secured by Ihe lien in a manner acceptnble to Lender,lb)contests in good faith the � ��-,°_
<br /> ' . , lien by.or defends against enforcement of the lien in,legnl pr�xeedings which in the Lender ti opinion operute to prevent the �-�;
<br /> enforcement of the lien:or(c)secures from the holder of the lien an ugreement sntisfactory to Lender subordinating the lien
<br /> , .. �� to this Secudry Inswment If Lender determines thut uny pun uf the Property is subject to n lien which may attuin priori�y � ` _`__
<br /> `. , over this Security Instrument,Lcnder m�y givc BoROwer u notrcc identifying the lien. Borrowcr�hull sutisfy ihe lien or take
<br /> ,Y•...... �-� one or more of the actions�et forth above within 10 d•rys of�he giving of notice. �T
<br /> ' . S. Ha�ard or Property Insurance. Borrower shull kecp the improvements now rxixting or hercnfler erccted on the �,M
<br /> " Property insured against loss by fire,haznrds included within thc tcrtn"cxtendcd coverage"and any othcr ha�ards,including
<br /> � � � � floods or tlooding. for which Lender rcquircs insurunce. This insurunce shall be mnintuined in the umounts und for the
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