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<br /> • TOL'iETtdfiR WITH a11 t[te impro�eucents now or��reafter erECee�an the�efly.artd`0!!easements.appa�rtenaaces.and -�''`:
<br /> fixtures aaw or hereafter a Qart of the pnoperty. AU replacements and a�ditions shatl alsu b� covered by this SeGUdty �
<br /> Insirunaent.AU of the foregoing is referred to in this Securiry Insbvment as the•Prop�rty° r
<br /> BmRROWER COV�NANTS iltat Horrower is lawfally seised of che estate hereby rnnveyecl and has the right to grant and __
<br /> convey the Praperty and that the Property is unencumbered.exce�t fvr encumbranoes of recard. Borrower warrants and wi!! a
<br /> ..•�
<br /> defend gerterally the Gtle ro the Properey against all claims and demands.subject to sny encmnbrances of recoe+d. '`. .-
<br /> 7'�iFS SECURI7Y IlVS7'RUMBNT casabines uniform covenants for natianal use an�non-uniform coven�nLs with limited � .'�
<br /> variations by jurisdiction ta consflwte a urtiform security instrument mvering real property. -
<br />_ UNIFOR.�f COYENANTS.Borrawer and L.ender rnver�ant and agree as follows:
<br /> � t. Payrnen!�8 Pe�ncl�l a� Fniesess; PrepaYm�et and Lafe Chaeg�s. �or�wer shal� promptly pay when due the �
<br />'K.� principal of and interest on the debt evideno�i by�e Note and any prepAyment and tate charges due nnder the IVoie.
<br /> �s Z. Fuads for Tases and a��vrs��- Subject to applirabte law or to a�vritten vraiver by Lender,Borrower shal!pay to �„-''
<br />�'� Lereder on the day monthly payments ace due undes the Note,unti!die Note is�aid in[ull,a sum(°Furtds')for:(u)yeady taaes �� �:
<br /> and assessments which may attain ptiority over this Security Instrument as a lien on the Propetty;(b)yearly teasehotd payrteents -=
<br /> or ground rents on the Pro�erty,if any;(c)yearty hazard or property insurance premiums:(d)yeady flaad insurance pmmiums. � •_f
<br /> � if any: (el Yearly c�n»gage ins�srance premiums, if any;and(tj any sums payable by Borrower to Lender, in a000rdance tivith �°
<br /> the provi�lons of pnrag�aph S,iu lieu of the payment of ntortgage insurance premiums.These items are cal�ed'Escmw Items.° - -
<br /> � Lender�tmy. at at►y time, t�olle�x ansi hold Funds in an amount not to exceed the m�imum amount a tender for a federalty �� --
<br /> retated mortgage►oan may require far Borcower's escraw aacount undsr the federa! Rea1 Estate Setttement Proce�ures Act of ,
<br /> 1974 as amended from tima to time, 12 U.S.C. Sxction 2601 et seq. ("RESPA°).unless unother!aw thai appli�to ttse Funds ��
<br /> sets a iesser amount.If so. L.ender may, at any tin:a, rnllect and hold Funds in an azttount not to exceed the lesser amount. L.-
<br /> Lender may estimate the amount of Fuc�ds due oa the basis of curreut data and reasonable esdmates of expenditures of futu�e ��•-
<br /> Escrow Items orotherarise in arcorda�ce with applicable Inw. �`��.
<br /> ` The Fnnds shall be hetd in an jnstitution whos� de�o�it��e inswrd by a federal agency. instr�mentality. or eatity �
<br /> '�,�: .:- (including I.ercder.if Lender is such sn inscitectiort�oc=a an�Fe�'�1 Home Loan Hank.Lender shall appig t�e Funds to pay the �}�.
<br /> . y� � Esc.ova Hems. Lead�r,7my ttot eftarge Borrower frr�:r�t�uu�;:u�,i:.�Plying the Funds,annualty analyzing tf�eacrow account,or �;.,..
<br /> .. � vetifytq,�.r�v:Escro�r i�r�.ms,unless Lender pays S..�cuzr irs$,�st�3n the Funds and applicatr[�.Paw permits I.ender to matce such ' ---
<br /> j a c6ar�."c''�wever. IxRder may re�siae Borroaer to pay a o:�me charge fa�r an independ�t real estate tax reporting�arvice �
<br /> .k, used by Lender ire ea�nection witls sr.l�is toan. unless applicable law provides otherwise. Unless an agreement is r.rsie or [ '`
<br /> • applicable law requftr�s%�erest to be pa'sd,Lender shall noi be required to pay Borrower s�ny interest or eamings on the Funds. "`-
<br /> $orn�wer and I.cmaer�y agree in wriUng. however.that interesi shall be paid on the Funds. Lender shall gIve tn Borrower. =
<br /> without•�.�'k,arge,an annaal accaunti^,�af the Funds,showing credits and debits w the Funds and the purpose for which each' �"_
<br /> � deblt tai��nnds was made.Tt�e Rw�s are ptedgrd as additiansl security for all sums s�ra.��'!ay this Seauity Inspvrtte�
<br /> If�Me�Dnds heid by Leader exceed the amounts permitt«4*m 5e held by applica6le laa+„Qrender shall account to Bom'ower r
<br /> �•;3 for dze�zo��s Funds in aocordance with the requirements of�;icable law. If the amount cf;::e Funds held by Lender at any f���•
<br /> �.: ::+.y:. time is cslG�sufficieni to Qay the Fscm�r Items whr�dur�.:�ecidar mny so notify Borrawer in wri�:ig.�c�,.ia such case Brn�rower . `�_�
<br /> shall pa:•4��.ender the amount neaessary to make�aY the de�•�:ency. Borrower shall maE:e c��r^.�a C��iemcy in no more t6an -
<br /> tweive mv:nhly payments,at Lender's sole discretion. _
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shal!promptly refund to Borrov�er any
<br /> Funds held by lxnder.Zf,under paragraph 2l.I.ender shall acquire or sell ths Property.Lender,pdor to��g acquisition or stile �_-:-
<br />� • of the Property,shaiY:rtp�ty any Fuads held by Lender at the time of acquisi�,.n or sale a4 a credit ogai�m�e sums secured by �'�+�_-
<br /> • this Security Irtstru�nent.
<br /> 3.AppfipQon of Payments.'U�c:ta!s applicabte!aw provides othervrise.all payments received by l.ender urtder paragtnphs �
<br /> ` 1 and 2 shall be ap{�lied: fiist.to sny prepayment charges due ca�er the Note;second,to amounts payabte under�ars�pfi 2; �
<br /> � third,to interest due;fourth.to pdncipal dae;and last,to any tate charges due under the Note. . '.
<br /> '• �''�'"�� 4.Charges;Ltens.Borrower shall Qay all ta.tes,assessments,charges, fines and impositions attributuble to the Properry
<br /> ��'�!' � `whlch may attain priority over this Security lnsuu�ent,and leasehold payments or grounQ rents,if any. Borrower shall Qay �-
<br /> � tl�ese obligations in tGe manner provided in paragraph 2,or if�pt s�aid in that manner,Borrower shafl pay them on.tirrte directly -�
<br /> � to the pe�son owed payment.Borrower shal)promptly fumish to Lender all notices of amounu to be paid under this paragraph.
<br /> � � If Borrower mnkes these payments directly.Borrowee shall pmmptly fumisb to Lender acxipu evidencing the Qayments. �
<br /> : • Boaower shall promptly discharge any lien which i�s priority over this.rsecurity Instrument unless Borrower:(a)agrees in _
<br /> � writing to ttie payrra:�t e�f the obligation secared by the lien in a manner aca-�uu�le to l.ender;(b)contests in gaod faith the lien -��
<br /> ,� bq. or c�.sfends against enforceme� of the lien in. legal proca�yings which in 1he Lecu��r's opinion operate to prevent the �,.
<br /> entoreFam�rn of the lien:or(c)secures from the holder of the liar.:ca ngreement satisfactar��tia I,ender subordinating tR�(ten to =-
<br /> this 5eaurhy instrument. If i.ender determines that any part of t�e Property is subject to a�::an which may attain primris�q•over -�-
<br /> '., `'�.t�� this 5ecvrlty[nstrurcient.l.ender may give Bonower a rtotice identifying the lien.Bonower shall satisfy the liea ar tatc;,one or -
<br /> '�i:��' �o.e et r:he act�ons set forth above within 10 days of the giving of notice. -
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