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<br /> _—__----_ ;�_:��"� T0C3E7'NER WITH all the improvememe now or hemufter crected on thc property,and all easements,uppunenunces, __
<br /> --- and fixtur+e�now or iicrcaf'tcr�put of the propeRy. All rcplacementc ond Addilions c+hnll al�o ba covered by ihic Security --
<br /> ��;-' Inrdumem. All af the furcgoing is tafcrrcd to In thia Sccurity Insaumem us�hc"Property."
<br /> '� N�,^,_ - -^"•.�r, BARROWER COVENANTS thet Borrowar is lawfully seised af thc eslatc hcrcby canveyed und hus the right to grant
<br /> and convey the Prope�ty and lhat the Rvperty ia uncncumbcrcd,cxcept for encumbruncex of'rerord. Barrawcr wurranta end
<br /> '���� � e u wili defend eneral) �he title to Ihc n a uinst�II claim:and demands,sub t�o an encumbrunccs at rccurd.
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<br /> ������.._.:_ THtS SECURlTY INSTRUMENT combines uniform covenants for natianol ur�r und non•uniform covenantK with
<br /> ��;�• ' T" limi�od varlotiona by jurf�dicAan to conxti�ute a uniform aecurity insuument covering reul propeny. `-_
<br /> a „t���.: ' UNIFORM COVENANTS. Borrower und[.endcr covenant and agree as follawa:
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<br /> �,,,���;,y� � ' l. Paymeat oP P�Incipwl nnd Interest;Prepayment and I.ate Char�ea Borrowcr shall promptly puy when due the „
<br /> ��°—`�`'��� prfncip�1 of and intercst on the debt evidenced by the Note and uny prepayment und late charges due under the Note. �=�^
<br /> � ? � 2. Fbnds for 71�xes and Insurance. Subject lo applica6le law or to a wdpen wAi'ver by Lender.Borrower sh�il pay to
<br /> ' ""�`�`°`"� Lender on the dAy monttdy pAyments are due under the Note,untll the Notc is puid in full,n sum("FunJs")for:(a)yearly ---_-
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<br /> ---� :::�'•i: tuxes und ussessments which may atwln priority over this Securiry Instrument as u lien an the Propeny;(b)yesuly leasehold �.__
<br /> =�:7_,.,..,��`.'�,�„ ,,....� payments or ground rents ai 1he Propeny, if any: (c) yesuly hazard or property lnsurunce premiums; (d) ycarly fkrod —.-
<br /> �"'�� `' insurar�ce remiums. if ar� (e)yearl mon a e insurnnce remiums, if ar� er�d(�an sums u able b Borrower to —
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<br /> �''� V Lender,in accordence with the vlsions of ara ra h 8,in lieu oP Ihe u ment of mort a e insurance remiums. These
<br /> :'n±c,''�s'�� ��.�� items are called"Escrow�tems."�L.ender may at any t me,collect and hold Funds in an amount not to exceed the muximum --°
<br /> `"`�'����: ''� amount a lender for a federally releted mortgage lonn may require for Borrower�escrow account under Ihe federnl Real _
<br /> r—'�'�+��-`��"�'� ' Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. �2601 et seq.("RESPA"),unless anuther �-
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<br /> • • •,fi�=:�. :�! law thal applies to the Funds seta a lesser amount. If'sa,L.ender may.nt any time,collect and hold Ponda in an amount not to
<br /> ��, ,��r�`��.°`�'i;`�;.�=� , exceeci�he Iesser amount. Lender muy estimate the amount of Funds due on the basis of cument data and reasonabic ����
<br /> �r . •� estimates of eapenditures of futurc Escrow I�ems or otherwlse!n accordance with applicable law. —�--
<br /> '.•.;-��4t�'�T�•• The FLnds shall be held in an institution whose deposits ere insured by a federel agency, instrumentaliry,or entity �
<br /> , . „, (includins I.ender,if Lender is such an instiwuon)ar in any Federal Home Lonn Bunk. I.ender shall apply the Funds to pay �_..
<br /> , the Escrow Items. Lender may nat charge Borrower for holding and applying the Funds, annually analyzing the escrow �v.
<br /> ' ' account,or ver{fying the Escrow Items, unless Lender puys Borrower intereat on the Funds and applicable law permits -
<br /> • Lender to make such a charge. However,Lender may require Borcower to pay a one-time charge for an lndependent real
<br /> ' � : estate tax reporting service used by Lender in wnnection with this loan.unless applicable law provides otherwise. Unless an ���_
<br /> , -�•�� -�, agreement is made or applicable law requires interest to be paid,Lender shall not be required to pay Borrower uny incerest or �_-
<br /> " . , earnings on the Funds. Borrower and Lender may agree in writing.however,that interest shall be paid on the Funds. Lender �'=^`
<br /> .,;:'.,, shall give to Borrower.without charge,an annual accounting of the FLnds.showing cnedits and deblts to the Funds and the =_
<br /> .,.�:'�,�„•,_;,ti,;� purpose for which each debit to ihe Funds was made. The Funds are pledged as additionel security for all xums secured by
<br /> - '__w�_._,_�...,___ _ this Security lnstrument. -�• _
<br /> ' . If the FLnds held by Lender exceed the amounts permitted to be held by npplicable law, Lender shall account to -
<br /> _ Borrower for the excess Funds in accordance with the requirements of applieable law. If the amount af the Funds held by
<br /> ° Lender at any time is not suificient to pay the Escrow l�ems when due,Lender may so notify Horrower in writing,nnd,in �,;�,:'
<br /> such case 6orrower shall pay to Lender ihe nmaunt necessary to make up the deficiency. Borrower shall make up Ihe
<br /> , deficiency in no more thnn tweive monthly pAyments,nt Lenderk sole discre�ion. --
<br /> „ Upon pnyment in full of all sums secured by this Securiry Inswment,Lender shAll promptly refund to Boaawer any � �`
<br /> " . Funds held by Lender. If,under paragrnph 21,Lcndcr shall acquire or sell the Property,Lendcr,prior to the ncquisition or
<br /> .�=:, sale of 1he Property.shall apply uny Funds held by Lender at the time of acquisition or sale as a credit against the sums �,-,.
<br /> secured by this Security Instrument. °-•
<br /> , 3. Applicatlon oP Pnymenls. Unlesr upplicuble IAw provides athervvise, all payments received by Lender under
<br /> � • . � paragraphs 1 und 2 shall be applied: first,tu uny prepayment charges due under the Note;second,to amounts payAble under �' .
<br /> . . paragroph 2;third,to interest due;fourth,to principnl due;und Inst,to pny lute chnrges due under the Note. -_
<br /> " • . 4. Chwr�es; Llens. Borrower shull pay nll taxes, assessments, churges, fines and imposiGons atuibumble to the -=-_
<br /> . � Pmperty which may attain priority over this Securiry Instrument,and leuschold puyments or ground rents,if uny. Borrower `-".
<br /> . ��q �� _�t��•:•, shAll ray these obligations in�hc manner provided in paragruph 2.or if not paid in thnt mnnner.Borrower shall pay them on
<br /> ' ' time directly to the persan awed puyment. Borrower shs►II promptly fumish to Lender all notices of amounts to be paid under
<br /> .• thi�paragraph. If BoROwer makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing _
<br /> . , . . thc puyments. = -_
<br /> , Borrower shall prompdy discharge uny lien whicb has priority over this Security Instrument unless Borrower.(a)agrees �-_-
<br /> ° •'� �� � � in writing to the payment af Ihe obligntion secured by the lien in a mnnner ucceptable to Lender,(b)contests in good fAith the - -
<br /> . • lien by,or defends a�ainst enforcemenl of the lien in,Iegal praeedings which in the Lender's opiniun operate to prevent the — _
<br /> „ . � enforcement of the lien;or lc)secures from 1he holder of the lien nn agreement satisfuctory to Lender subordinating the lien =�•
<br /> 'b� ' " to this Securiry Inswment. If Lender determines thnt s►ny parl of the Propeny is subject�o s►licn which may attain priority
<br /> over this Security Instrumenl,Lender may give Borrower a notice identifying the lien. Borcower shull sutisfy the lien or take __
<br /> •• one or more of the nclions set forth abovc within 10 days of the giving of noticc. '%�
<br /> . 5. Ha�rd or Property lnsu�ance. Borcowcr shull kecp thr improvementti now exi,ling or hercuftcr crected on the �r
<br /> Property insured against loss by fire,hazards included wiihin the tcmi"extrnded coverupe"i�nd•rny other huzurds,including � .
<br /> 1 flaods or fluoding,for which Lender requires insurunce. This insurance shall be muintaincd in �he amounts and for the � .
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