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<br /> _.,��,.,,,,��"'t_Y TO(3ETFI@R WITH�111he Improvements now or hercaftcr crec�ed on thc propeny,and All casementa,appunenances,
<br /> ____ ��,� end fixturcs now or hereAUer a ptut of the propeny. All replacements and udditians sholl�Ico be covemd by this 3ecudty
<br /> ____:�=� �� �� Inoau�nent. All of the forcgoing is rcierred to in lhis Secudty Insuurnent iw thc"Propcny."
<br /> � `���'�°• � BORROWER COVBNANTS that Hortower ia lewfulty seiscd of thc estate hereby convcyed and hs�thc rlght to�an�
<br /> �9 •=. and convey the Property und thpt the Property is unencumbered,eacept far encumbrance.r of record. Borrower wartants and
<br /> ��'` ` wlll defend generally iho title ta the Pmperty aguinst all claima and demand�,subject to ony encumbranres of recurd.
<br /> _ "",�;�,.,y;y TH1S SECURITY 1NSTRUMENT combine,� unif�rm covrnants for nationnl use and non•uniform covenont: with
<br /> °- �� limited variAtiona by juri+�lic�iun ta constitutc a uniform security instrument covedng real property. e•--
<br /> �:t��'���.,?.'-- � � UNIFORM COVENANTS. Borrower and Lender covenant and ugr+ee as followa:
<br /> � y��' " 1. P a y m e n/o f P r i n c i p a l A n d I n t e re s t;P r e p A y m e n t a n d L a t e C h a�e a. B o rt o w e r s h a l!p rom ptl y pa y when due Ihe
<br /> �t,'.���,_-.;;�`.�� principal of and interest on the debt evidenced by Ihe Note wM any prepayment and lale charges due under the Note. - --
<br /> �;5�:�:,..u..,r' 2. Fbnds for'IY�xes and InsurAnce. SubJect to applicable law ar to o written waiver by Lender,Borrower shall pay to
<br /> � � Lender on the duy monthly p�yments are due under�he Nae.until 1he Note is paid in full,a sum("Fu�ds")for.(n)ycarly __
<br /> '� ' � taxes and assessments which may attain priority over this Secudty lnstrument as a lien on the Propeny;(bl yearly leasehold
<br /> .��:��_�:�.._::•..• payments or ground rems on the Prc►perty, if any: (c) yearly hnzard or property mc�urunce premiums; (d) yeorly flood --~
<br /> -____��� insurance p�+emiums. if any; (e) yearly monguge insurance premiums, if eny;and(p uny sums payuble by Borrower to
<br /> • � . �iE.� Lender,in accordance with the provisions of parag�aph 8.in lieu of the pAyment of mortgage insurance premiums. These
<br /> �•.,:,ti.�;;,.,,�_�, items ere called E.gcrow Items.' l.ender may.at any time,collect and hold Funds in an omount not to eaceed the maaimum
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<br /> -�`_.�--� amount a lender for a federuily related mongage loan may require for Borrower's escrow account uader the federal Real
<br /> '•�.�;::.k��'�., Estete Settlement Procedures Act of 1974 as amended Gom ume to time, 12 U.S.C. �2601 et seq.("RESPA"),unless unother
<br /> law thet applies to the f�nds sets a lesser amaunt. If so,Lender may,at any time,coller t and hold Funds in an amount not to
<br /> ' •,� •-'�='r====�-' cxcccd thc lesscr umount. Lender may estimale the nmount of FLnds duc on thc basis of cument dau► and reasonable _
<br /> �'���'' estimates of expenditures of future Escrow Items or atherwise in ucardance with applkable Inw.
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<br /> � The Funds sh�ll be held in an institution whose deposits are insured by a feden►I agency, inatrumentnlity,or entity _
<br /> � � (includfng Lender.if Lender is such an institutian) or in ciny Federal Home i.oan Bonk. Lender shall apply the Funds to pay
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<br /> :....•: the Escrow Items. Lender may nat charge Bortower for holding and applying the Funds,annually onalyzing the escrow _�_
<br /> _';•� � �A account, or verifying the Escrow Items, unleas Lender pays Borrower i�terest on the Funds and epplicuble law permits
<br /> . • Lender to make such a charge. However.Lender may require Borrower ta puy u one-time charge for an independent real ��=
<br /> :r�`;. � '` � ... esate tax reporting service used by Lender in connection wflh this loen,unless npplicable law providea otherwise. Unless an -
<br /> agreement is mude or applicAble law requires interest to be paid,Lender shall not be required to pay Borrower any interest or -
<br /> � ' eamings on the Funds. Borrower and Lender may agree in writing, however,thnt interest shull be paid on the Funds. Lender
<br />-�'�'' shall give to 8orrower,without charge,an annual nccounting af the Flinds,showing credits and debits to the Funds and the
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<br /> :�:;=� purpase for which each debit to the Funds was made. Tite Funds are pledged as addidonal security Por nll sums secured by
<br /> '. ` , .;.,�,; y this Security lnstrument.
<br /> ��:�,, - � - Ii�he Funds held by Lcuder a�c�d ihe amaunis per:nitted to be held by applicable law, L�ndPr �hsill nccount to
<br /> ,,., � Borrower for the excess Funds in uccordance with the requirements of applicuble law. If the t�mount of the Funds held by
<br /> ' Lender at nny time is not suificient to pay the Escrow ItemF when duc, Lender mAy so notify Borrower in writing,und,in
<br /> . such case Bortower shull pay ro Lender ihe amount necessury to make up the deficiency. BoROwer shall make up the
<br /> . '� ° •�;: ,. . ckficiency in no more than twelve monthly payments,nt Lender's sole discretion. —
<br /> "' " :`� Upon puyment in full of ull sums secured by this Security Inswment,Lender sholl promptly refund to Borrower�ny
<br /> �" �"' Funds held by Lendcr. If, under pnrngrAph 21,Lender shall ncyuire or sell the Property,Lender,prior to thc acqulsition or
<br /> � � sele of the Property, shall apply uny Funds held by Lender at the time of acquisition or sale as a credit ugainst the sums
<br /> � •� � sccund by this Security Insuumcnt. -���
<br /> 3. AppBcation of Poyments. Unless upplicnble law providex otherwise, all payments received by Lender under
<br /> �� _�. paragrnphs 1 and 2 shall be upplicd:first,to any prepayment charges due under the Note:second,to amounts payable under �.'-=+
<br /> . '' • parngruph 2;third,to interest due;fourth,to pnnnpnl due;and last, to any latc charges due under the Note. __
<br /> , � 4. Charges; Liens. Borrower ahall pay all taxes,assessrncnis, churges, fineti nnd impositions uttribuu►ble to thc _
<br /> . _ , ., Property which may nttain priority over this Security Instrument,and Iensehold pAyment�or ground rents,if any. Borrower
<br /> - ' ` „ shall pay these obligatiuns in the munner provided in paragraph 2, �x if�iot peid in that manner,Borrowcr shall pay them on �,..-
<br /> . time directly to the pers��n owed payment. Borrower shull promptly fumish to Lcnder ull notices of amounts to bc puid under 'r
<br /> , , this paragruph. If Bormwer makes these puyments directly, Borrower shull promptly furnish to Lender rereipts evidencing �__""
<br /> ,. � �'• thepnyments. �"�`-
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<br /> Borrower shall promptly dischnrge uny lien which has priority over this Security Instrument unless Borrower:(a)ugrees _
<br /> . • in writing to the puyment of the obligation secured by the lien in a rnanner acceptuble lo Lender;(b)contests in goad fu�rh the �+::�
<br /> - �� . ' � lien by,or defends usAinst enforcement of the lien in,Iegal praceeding+which in the Lendcr i opinion opemte to prevent the
<br /> . enforcement of the lien;or(c)secures from Ihe holder of the lien an ngreement sntisfac:tory to Lender subordinating the lien �_�
<br /> �w �' �_• to this Secu�ity Inswment. If Lender determines that any part of the Property is subject to u lien which may attain priority
<br /> � over this Security Instrument,Lender muy$ive Bortower a noticc identifying the lien. Borrower shull satisfy the lien or take T
<br /> one or more of the nctions set fonh ulwve within 10 duys of thc giving of notice. �
<br /> � S. Hazard or Property Insurance. Barrowcr shull kcep the impruvements now cxixting or hereafter erccted on thc
<br /> Propeny insured ugainst loss by firc,hazurd�included within thc t�rm"exlcnded covcragi'and any othcr huzurds,including ,
<br /> floods or floading, for which Lender reyuire�insurunce. This inxurunce tihall Ix mainlained in the amounts und for the
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<br /> Form 3918 9l90 q,,..q�1 aJn pux�sl
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