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<br /> -:--------- -_- -_ TO�E77-IER WITti nll the improvemcnta now�x hcrcu4cr crcctcd on thc prapchy,und WII c�+�meniti,aPpunenanccs,
<br /> -- — and fizturr now or hercafle�a part of�he property. All rcploccmentx and 9dditions ahvll ulw be cu��rcd b9�h�"Security
<br /> _�-- --�_ _ Instn�ment. All of the ioregoing is rcierred to in thix Securlry In�trument us�hc"Propeny."
<br /> - ��►�t �L BORR4W8R COVENAN'fS Ihut Burrowcr ig IAwPully sci�,�l of thc estatc hcrcby convcycd and hur tlx righl tu�r�nl
<br /> •��� �� '�' wnd convey the Property and thnt the Rropeny ix unencumberrd,exce�l f�r cncumbranc�s uf rea�rd. 8urrowcr warrumr wu1
<br /> ���'�'�=;-�.: will defend generslly�he ti�le lo�he Ptopeny AQainst all cluimr�nd demand�.s�ubject to any etKUmbrancey of rca�rd.
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<br /> THIS SECURITY INSTRUMENT combinex uniform covenunlw for national uK urid non-uniform covenunt� with
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<br /> � r limited variations by jurisdictiun ta constilute a unifortn security instrument covenng rcal pwpeny.
<br /> = �q . ,� �,.,;. ' UNIFORM COVENANTS. Bo�rowcr und Lendcr covenun�and ugree us fallaww:
<br /> ..,a,;�;�,�, 1. PAymeat of PrincipAl end Interesh Prepnyment And Lpte Chorgea. Norrowcr shall prt�mptly pay when due�he
<br /> ._�;�,;,,� -� princfpal of and interest on the debt evidenced by the Note and uny prepaymeM and late chorges due under ihe Nrne.
<br /> ���'�pV "' 2. Flunds tor'Itixes t�nd lasurance. Subject to applicablc luw or to a w�itten wuivcr by Lcnder,Borrowcr xhall pay to
<br /> - Lender on the day monlhly paYmenla arc duc undcr the Note,until the Noic ia paid in full.A fium("Funds'1 fur:(n 1 ycurly
<br /> �� laues and assessments which muy atl,�in pr�oriry over thia Security Inswment us a lien on the P�uperty;(b)yeuly Ieuschold
<br /> � earl Oood
<br /> ,°�3:.�r�:���y-� payments or ground renls on the PropertY. if wiY: (c) yearly h�zcud or propeny insurance premiumg; (dl y y
<br /> �,��ip�,n.,� insu�nce premiums,if uny: (e1 yearly mortgage insu�ance prcmiums, if Any; w►d lfl any sums payable by Borrower to
<br /> �. •• Lender,in accondnnce with the provisiana of pan►graph 8.in lieu of'the puyment of mongage insurunce prem�ums. These
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<br /> ���•�! � items are called"Nscrow Items.' Lender may,at any time.collect and hold Funds in an nmount not to exceed Ihe muximum _
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<br /> -- amount a lender for s fedemlly related mongage loan muy require for Borrower's escrow uccount under ihe federal ea
<br /> � �`` y���''� Estate Settlement Procedures Act of ly'/4 as umended from ume ta�imc, 12 US.C.�2GU1 rt seq.C'RFSPA"),unless nnother
<br /> "' � law�hat a lies to the Punds sets u lesser umount. If so,Lender mny.at any lime.collect and hold Funds in on anwunt not to
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<br /> " • exceed the lesser amount. I.ender may eslimate �h� umount of Funds duc on the basi� of current data and msisonable _ ., _
<br /> �--= • ,-•- •;: :. �°�.:' estimates of expendiwtes of future Eccrow items or otherwise in accordance with Applicnble law. -
<br />-,.�, :.:.,;�c,;;�.`,",..�:. Thc Funds shall be held in an institution whase deposits nre insured by a federal ugency,instrumen�ality,or entily
<br /> �� d . (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply�he Funds�o pny
<br /> �� • �.���:� the Escrow Items. l.ender may oot charge Borrower for holding aad applying ihe Funds,annually unalyzing the escrow
<br /> account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and upplicable law permits
<br /> �� ���' "- ' •' Lender to make such a charge. However, Lender may require BoROwer lo pay A one•time chzu e for an inde dent real
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<br /> `;a.��� .. • estate tax reporting service used by I.ender in wnnection with this laun,unless npplicable luw provides otherwise. Unkss an —
<br /> ��� �'•� � ' '� � agreement is madc or applicuble law requires interest to be paid,Lender aholl not be reyuired to pay Borrower uny interest or
<br /> _ ,�'�;.a. earnings on the Funds. Bo�rower and I.ender may agree in writing,however.that inlerest�hall be paid on the Funds. l.cnder
<br /> .��#� shall give to Borrower,without charge,an unnual accounting of the Funds,showing credits and debits to the Funds and the —
<br /> - ��= • �� purpose for which each debit to the Fuods was made. 7'he Funds ure pledged as additional.r•ecuriry for all sums secured by
<br /> �;,�_.,�..�.;.;:z.,;�,._t• this Security Instrument.
<br /> ''� " '� li the Funds held by Lender exceed the umounts permitted to be heid by applicabic iaw, Lznder sha!! account to _
<br /> b Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br />_-=�_�,y � J ., Lender at nny time ia not sufficient to pay the Escrow Items when due, Lender may so notify Barower in writing,und,in
<br />_ ; , such case Borrower shall pay to Lender the amount necessury to meke up the deficiency. Borrower shall muke up the
<br /> .."� , deflciency in no more than twelve monthiy puyments.At Lender g sole discretion.
<br /> Upon payment in full of ull sums secured by this Security Instrument,Lender shall promptly refund �o Borrower any ___
<br /> , • �nds held by l.ender. If,under paragrnph 21.Lender shall acquire or sell U►e Propeny,Lender,prior to the acquisition or
<br /> ��-? . � . � sale of the Property,shall apply Any Funds held by Lender u� the time of acquisition or sale as a credit ugai�s�the sums �._
<br /> secured by this Secudry Inswment,
<br /> � ' � � ' I 3. Application oP PAymenls. Unless upplicuble luw provides o�herwise, ull puyments received by Lender under � _
<br />�`k'�,', ^ ". paragrnphs I and 2 shall bc npplied:Frxt,to uny prcpayment chnrges due under the Note;sewnd,tu amounts payublc undcr v`
<br /> -;� paragraph 2;third,to interext due;fourth,�o principal due;und lu..t,to�ny lute chcuges due under the Note.
<br /> . • . � 4. ChYrges; Liens. Borcowcr shull pay nll tazes, ussessments, charge:;, �nes and impositions auribul�blc to the �^_
<br /> PropeRy which muy attnin priority over this Security Instrument,und Ieusehold payments or ground rcnts, if any. Bortower
<br /> -- .. shall pay these abligations in Ihe manncr provided in puragrnph 2,or if nw paid in that manner,Borrower shall pay Ihem on _
<br /> ' ° time directly to�he person owed payment. Borrower shnll promptly fumish to Lender all notices uf amounts io lx puid under E�
<br /> � . this paragrnph. If Borrower mAkes these puyment.directly.Borrower shnll promptly furnish to Lender rcceipts evidencing �:°_'-
<br />_- � the payments. �•`.
<br /> ' Borrawer shall promptly discharge any lien which hus priuriry over Ihis Securiry Instrument unless Bomower(u)egrees _._
<br /> in writing to the payment of the obligution secured by the lien in a manncr acceptnble to Lender.(b)contests in good fnith the �� -
<br /> lien by,or defends aguinst enforcemenl of Ihc lien in,Icgul pr�xeedings which in Ihc Lenderl opinion operntc to prcvent the ��:�
<br /> � - � '� enforcement of the lien;or(c)sccures from the holder of�he lien nu ngrcement sutixfactory to Lender subordinating the lien
<br /> ` , to this Security Inswment. If Lender detertnines�hut uny part of the F'ruperty is subject to a lien which may adain priority
<br /> ' �� � over this Security Instrument.Lenckr muy give Borrower a nutice identifyin�the lien. Borrower shall sa�isfy the lien or take =
<br /> • • one or more of the actions set fonh ubove within 10 duys of the giving of�iotice.
<br /> � 5. Hazard or Property Insurance. Borrowcr.hsdl krep�he improvemem+now exisiing or hercufler erected on the
<br /> � •� I Property insured uguinst loss by tirc, hazarJ�included within thc Ierm"rxtended rovcrugr"and any othcr hazards,including �
<br /> • tloods or flooding,for which Lcnder requires insun►nce. Thi+in,uruncc shull be muin�umed in the i+mounts and for �he
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