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<br /> ��:���;� Tpp@THER WITH all lhe impravemen4g now or hercoftcr erected on�hc prapeny,and all cosemcnlx,uppurtcnancea,
<br /> and fizturea now or hereafter a part af�hc properly. Ali replucementx anJ a�kiilions 4hall also bc covercd by thir 5ecu�ity
<br /> �'� Inctrumem. All af the foregoing ls refermd ro in this Security Instrument ac the"Praperty." --
<br /> -- — BORROWBR COVENAIV7'S thut Bortawer is IAwfully s;eised of Ihc exlatc hcrcby canvcycd and has thr�ight lo grant
<br /> .,_ and convey the Property and�hat the Propeny is unencumbered,except for encumbrances of record. Borrower warroms and
<br /> �� will defend generally the title to Ih�Rroperty against ali cluims und demonds.subject to any encumbrances of record.
<br /> ` � S SECURITY INSTRUMENT combines uniform cavenonts for nadonal use and nan-unifarm covenunta wi�h
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<br /> t. . limited vuriutions by jurisdiction to conxtitute u unifbrm secu�ity inx�rumcnt covering mAI property
<br /> � � • UNIFORM COVENANTS. Borrower and Lender covcnnnt nnd ugrcc As fallaws: �`�
<br /> ��. l. Payment ot Principal and Interesl;i"repayment And Late Charges. Borrowcr shall promptly pay when due�he _
<br /> �z--- - -� '_ princ►Pal of end interest on the debt evidenced by the Nate und nny prepuyment and lule churges due under the Nate.
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<br /> 2 FY�ads tor 7bxes and Insurance. Subject to applicablc law or to u written wai�er by Lender,Borrowcr shall pay to
<br /> .�,;,;;';�;,.;•;,��.�, �''? l.ender on the day monthly payments are due under the Nate,until the Notc is paid in full,u sum("Funds")for:(a)yearly
<br /> ;,��n�F,�,�� taxes and As�essments which muy attnin priority over this Securiry Instrument as a Ilen on thc Properly;lb)yearly leusehold _
<br /> . _=�,?�...�'�'� payments or �OUnd r�nts on the Propeny, if any; (c) yearly hazard or property insurnnce p�emiumg; (d) yearly flaod ___
<br /> �t'`-:� �: �«� � earl mort a e insurunce remiums,if an and(�uny sums a uble b Borrnwer to =-
<br /> ,,�,.. insurance premiums, if any; (e) y y g g p y: P Y Y
<br /> ;;:'�'� � Lender. in accordance with the provisions of psuagraph 8,in lieu of the paymenl of mongaga insurance premiums. These
<br /> �"`'�3isk�iy�`•��� items are called"Escrow Items." L.ender may,at nny time,collect and hold FLnds in an amount not to exceed the maximum _
<br /> ��;'�r�'.a�i: ,��' amount a lender for a federally related martgage loan may rcquire for Borrower's escrow accaunt under the federul Reul =- -
<br /> � ��—='�'�' • Fsuue Senlement Procedures Act of 1974 as amended from time to time,l2 U.S.C. §2601 e►seq.("RESPA"),unless another
<br /> "��"—`"�'="�''� � iaw Qiat a fies to the Fw�ds sets a lesser amount. If sa,l.cndar may,at uny time,collect and hold Funds fn an amount not to
<br /> ---___..,—������.: . NN _..
<br /> :�;�x.�.:�» exceed the lesser amount. Lender may estimate the nmount of Wnde due on the busis of current data and r�easonable
<br /> _ __ •_�`.�r�—':����: esdmatesof expenditures of future Esc�ow UemR or otherwise in accordance with applicable law. ___
<br /> — �_, ,' ��Y�;;, The Funds shall be held in an institurion whose deposits are inaured by a federnl agency, instrumentality, ar entity ___
<br /> ._�— :;.,�a� (including Lender.if l.endcr is auch an in9titution)or in any Fedcral Home Loan Bunk. Lender shall apply the Funds to pay
<br /> +�� �'' �" .''" the Escrow Items. Lender may not churge Borrawer for holding and applying the Funds,nnnuully analyzing the escrow i____
<br /> "�� "�'� account,ar verifying �he Escrow Items, unless Lender pays Borrower interest on the Funds and upplicabie law permits F-u-=
<br />.y:� ��'�� Lender to make such a charge. However,L.ender may require Borrower to pay a one-time charge for an independent rcnl —
<br /> - estate tax reporling service used by Lender in connectian with this loan,unless applicablc law provides otherwise. Unless an �:.;�
<br /> __��_ „ � _ ° agreement is made or applicnble law requires interest ro be poid,Lender shall not l�e required to pay Borrower any intcrest or �...
<br /> -.� " eurdngs on the Funds. Borrower and Lender may ngree in writing,however,that interest shall be paid on the Funds. I.ender
<br /> �°-����� shall give to Borrawer,without charge,an annunl uccounting of the Funds.shawing credits and debits to the Funds and the �'
<br /> _� ' " purpose for which each debit ro the Funds was made. The Funds are pkdged as additional security for all sums secured by �'�
<br />==-."��' ' this Secudry Inswment. �`�''
<br />=_„_;; :��,�;:w�.�, If the Funds held by Lender eaceed the amounts permitted to he held by applfcable law. Lender shall account to o___
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<br /> �_� - ;� �__ -_ - Botrower for the excera Fwid�iu nc.�tdance with iih.requirernents af applicabtc law. If thc amount of the Funds held hy _,�
<br />��. ° . : Lender ut any time is not sufficient to pay the Escrow Items when due,Lender may so no[lfy Borrower in writing,and,in �.r:
<br /> � such case Rorrower shall psy to l.ender the umaunt necessary to make up the de�ciency. Borrower shnll make up �he 'r.,.
<br /> - ' deficiency in no more than twelve monthly payments,at Lender's sole discretion. ,
<br />-- ,. .���' , , Upon payment in full of all sums secured by this Securiry lnstrument,Lender shall promptly rcfund to Borrower any �
<br /> •- 'a Funds heW by Lender. If,under porngrnph 21, Lender�hull acquire or sell lhe Property,Lender,prior to the ucquisitian or '=
<br /> • �^ sale of �he Properry, shall apply �ny Funds held by Lender at the time of acquisition or sate as o credit against the sums =__:.
<br />.�•:; ' �R�.h ._::n, secured by this Security Instrument.
<br /> , 3. Appllcation of Payments. Unless upplicuble luw provides otherwise, all pnyments received by Lender under
<br /> :} � paragatphs 1 und 2 shall be applied:fint,to uny prepnyment charges due under the Note;second,to amounts puyuble under
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<br /> _ , ' • " paragraph 2;third,to intcrest due:fourth,to pnnapul due;und last,to any late chazges due under the Note. ��-_
<br /> � `� 4. Charges; Ltens. Borrower shall puy all laxes, Assessments,charges, fines nnd impositions attribulablc to the �-�.
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<br /> „_.{, :' property which mny attnin priarity over this Securiry Inswment,�nd leasehold pnymenls or ground rents,if uny. Borrower �_„
<br />- . .�.�� shdl pay�hese obliga�ions in the manner pravided in parAgruph 2,or if not puid in that munner,Borrower shull pny them on
<br />-- -� time directly to the person owed payment. Borrowe�shall promptly furnish to Lender All notices of umounts to he paid under '_--
<br /> ;�.�:;- •!.:_,: thispuragruph. If Borrower makes these paymrnts direcUy, Borrower shall promptly fumixh to I.ender receipts evidencing ��_�
<br /> ;��-` � the payments. a:;
<br /> 'L�% Barrower shnll promptly discharge uny lien which hns priority ovcr Ihis Securily Instrument unless Borrowee(a)agrees
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<br /> "'"±"" � in writing to the payment of the obligation secured by the lien in a munner acceptable to l.ender,(b)contestz in good faith 1he �'"
<br />._.�.. . .. .,.;.::;,
<br /> � . � . " lien by.or defends against enforcement of the lien in,legAl procecdings which in the Lendrr s opinion opernte to prevent�he �
<br /> '�'��• . enforcement of the lien;or(c)secure�frum the holder of the lien an ugreem�:nt sA�irfactory to Lender subordinnting the lien �-•-
<br /> "-`{:-`= ''`' to this Securiry Instrurnent. If Lender determinrs thu�any pnn of the Property is suhJecl to n licn which mny u��ain prioriry F=�
<br /> - ' over this Securily Instrument,Lender muy give Borrower a notice identifying the lien. Borrower shall s�tisfy the lien or take
<br /> ' ' ����� ° ' o�e or more of the actions set forth ubove within 10 duys of the giving of notice.
<br /> �• S. HAZard or Property insurpnce. Borrower shall keep the improvements now exi.ting or herentter erected on 1he �
<br /> - .. • ° Prc►perey insurcd aguinst loss by fire,huxurds included wi�hin Ihe term"ext�nded coverugc"anJ�ny other huzurds,including
<br /> flooda or tloading, for which Lender reyuire4 insuronce. This insurunce shall be muintAined in the amounts und for the
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