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<br /> t w„� T0CIETHER W17H all the impravemems now or hercofter erected on the properiy,and ull eusementa,oppunenances,
<br /> '�,;��.;,,,,�1��,,.�.� � and tlxtures now or hercaller u patt uf the property. All replucemerns and additiong sholl also be covered by thf�3ecuriry
<br /> �•'�"" �'r�• lnrtrument. All of thc tnrc�oin�is rc ferre d to in t h ia Security Instrumen t as the 'Pro p ert y.
<br /> ��'���`"�' BORROWER COVENA,VTS that Bortower ls luwfully scised of the estote hercby conveyed nnd has the right to grant
<br /> ` and convey the Property und that th�Property is unencumbercd,-xcept for encumbrances of record. Bortower warranu and
<br /> •� ��. ' „�, , will defend generally the ti11e to the PropeRy against all cluims und demands,subject to any encumbtnnces of rccord.
<br /> r..",. THIS SECURITY INSTRUMBNT combines unitorm covenants for national use und non•unifam covenants with
<br /> � ° � -''�-•°^^ "� l i m i te d vn r is N o m b y ju risdictjon ro constitute u uniform secu�it y instrument covering renl prope�ty. , _ _
<br /> ` ' �� UNIFORM COVENANTS. Borrower and Lender covennnt and ogree as fnllows:
<br /> ; 1. Payment o�Princtpal and Interest;Prepayment and Late Char�es. Borcower shall promptly pay when due the
<br /> , �� "A � principal of und interest on the debt evidenced by the Note and any prepuyment nnd lute churges due under the Note.
<br /> --- ' 2. Funds tor 7�uces and I�suranee. Subjxt w applicable law or to e wrftten waiver by Lender.Barower shall pay to
<br />�.:��;�w,•., .. � •�- Lender on the day monthly payments an due under the Note.untfl the Note is paid in full,a sum("Funds")for.(a)yearly
<br /> laxes nnd assessments which may nttein priority ovcr thi� Secutity Instrument us a Iten on the Property;@)yearly leasehold
<br /> %�,i� �. payments or ground ronts on Ihe Property, if any; (c) yearly hAZSUd or property insurance premlums; (d) ye�u'ly tlood __
<br /> � .z�:�,:. ynsurnnce premiums, if any; (e) yearly mongage �nsurence premiums, if any; and (� any sums payable by Borrower to
<br /> `�`�� �� .'"'""�`'''•�>>r'.:'�:'�' Lender,in nccordance with the provisions of psuagraph 8.in lieu of the payment of mortgage insurance prcmiums. These
<br />"`��'' . �;`..� .;' � • items ure called"Escrow Items." Lender may,ut any time.collect and hold Funds in nn amount not to exceed the maximum
<br /> -��;•;:. ' amount a Iender for a federnily related mongnge loan may require for Borrower's escrow account under the federal Real
<br />"��,,:, • ' Estate Settlement Procedures Act of 1974 us amended from time to time,l2 U.S.C.4 2601 et seq.("RESPA"),unlas another
<br /> - " �n ���� law thut applies to the Funds sets u lesser amount. Ii so,Lender moy.ot any time,collxt ou►d hold FUnds fn an emount not to
<br /> �t��� ' _ . exceed the Icsser amou�t. [.ender muy estimute the umount of Funds due on the basis of curtent d�ta u�d rca+wnabb
<br /> - � � � estimatew af expenditures of future Esc�ow ltema or otherwise in accardone�with applicc►ble luw. �
<br /> ' ' • " The Fundx shull be held in an institution who.�c dep�wits nrc inxurtd by a fedcral a�ency. in�trumenlWity,or antity
<br /> lincluding Lender,if Lenckr is 9uch an inxlitution)or in any Federul Hume Laun Bank. Lender ahall apply the Funds to pty
<br /> � ihe E�rcrow ItemK. l.ender muy not char�c Bortower for holding unJ applyin� iho Funci�, annually w�lyzin��he esemw
<br /> •:r h �� acrnunt, ur verityinQ Ihe �rcrow Items, unlesw L.cndct puya Bortower interest on �ho FLnds nnd Applicable law ptmiu
<br /> � � o l.endcr lo mokc,uch a churgr. Huwevcr. Lcndcr mny rcqufrc BaROwcr to pay u one•tfine char�e far�n indepencknt te�l
<br /> ° esiute Iax repurting�ervice uxed by l.ender in connection wlih�his loan,unle�►s opplicuble law pravldea othetwiee. Unless w .
<br /> ogrecmenl fy muJc ur applicublc law rcyuircg intcrest to be paid,LenJer shull not be reyuircd to pay Bortower�ny intercst o�
<br /> eamings un lhc Funds. Borrowcr und Lcnder muy agree in wridng,however,thut intercst sholl be�wfd on tho Flind9. Lender
<br /> �� „ sholl give io Bortower,wilhout churge.an unnual accounting of the FLnds,showing crcdits and debits w the Funds and the
<br /> purpose far which euch debit to the Funds wus made. The Fuads are pled�ed as additionnl security for YI wms tecwed by
<br /> �• � ' this Secu�lty Instrument.
<br /> , - „_ - If tht Fonds hPld hy Lender ezceed the amaunts permitted to be held by upplicabic law.Lender ahall nccount to _ _
<br /> �� Borrower for the excess Flmds in uccordance with the requirements of applicable luw. If the amount of tt�e Punds bWd by
<br /> . Lender nt any time is not sufticient to pay the Escrow(tems when due,Lender mey so not�fy Borrower in writLig. and.in
<br /> „ such case Borrower shall pay to Lender the nmount necessury to make up the deficiency. Bortower ahaU nwke up N►e
<br /> deficiency in no more ihan twelve monthly paymen[s.at Lender's sole discre[ion.
<br /> , Upon puyment in fuli of nll sums secured by this Securiry Instrument,Lender shall promptly rcfund w Borrower eny
<br /> Funds held by Lender. If,under parngraph 21, Lender shall ucquire or sell the Property,Lender.prior to the acquisidon or
<br /> sule of the Property, shall upply �ny Funds hetd by Lender ut the time of ucquisidon or sale as a credit against the�ums
<br /> � . secured by this Security Instrument.
<br /> ,. 3. Application of Payments. Unless applicable luw pruvides otherwise, ull puyments received by Lender under
<br /> parngrnphs 1 nnd 2 shall be uppiied:first,to any prepuyment charges due under the Note; second.lo amounls payable under
<br /> � � paragraph 2:third,to interest due;founh,to principal due: ond last,to uny late charges due under the Note.
<br /> , 4. Charges; Lkns. Borrower shall pay •ril tnxes,assessments, charges, fines nnd impositiona atMbutable to the
<br /> • Properry which may aunin priority over thi�Security Instrument,und lensehold puyments or ground rents, jf any. Bortower
<br /> shall pay these abligutions in the manner provided in paragraph 2,or if not paid in that mnnner,Bortower shall pay them on
<br /> - - = . tin�e directly to tha peron owed paymcot. Eorrower sha!! promptly fumish to Lender all n�tices of nmrnmts to be paid under __
<br /> " this parugraph. If Borrower makes these payments directly.Borrower shull prompdy fumish to Lender receipts evidencing `� `--
<br /> , �� the payments.
<br /> . Borrower shall prornptly dischorge any lien whirh hns priurity over this Security Instrument unless 9orrower:(a)agrees �_
<br /> � in writing to the paymene of the obligntian secured by the lien in n manner ucceptable to Lender,(b)contests in good faith the
<br /> � lien by,or defends again�t enfurcement of the lien in, legal proceedings which in the Lender's opinion operute to prevent the �.�,
<br /> . enforcement of the lien; or le)secures from the holder ot' the lien an agreement sa�isfactory to Lender subordinnting the lien
<br /> to this Security instrument. If Lender determines thut any purt of the Property i,subject to A lien which muy uttuin priority '-;:
<br /> • over this Security Inswrnent.Lender may give Bortower u notice identifying the lien. Borrower shall satisfy the lien or take ,
<br /> -• one or more of the actions set fonh above within 10 days of the giving of notice.
<br /> - 5. Hazard or Property Insurance. Borrower shull kcep the improvements now esis�ing or hereufter erected on the "•
<br /> Property insured against los� by fire,hazards included within the terni"extended cuveraEr"and uny other hazurds,including
<br /> � ' floods or tlooding, for which Lender reyuires insurAncc. This in,urur:e shall be maimained in the omounts und for the
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