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<br /> TOCiB7'HPR WITN�Il the impravcmente now or lurcafter ercctod o�the properly.and all easemenls.appurtcnonce�.
<br /> �nd fixtura ttow ar here�fter 4 part of the Q�vpertY. All rcplaccmenls and addiNons stwll dao be covet�ed by thi�Secw'lt�►
<br /> �nsaumen� All of the foregoing is t�cfemd to in thlc Secudty Insttumcmc as the"Property."
<br /> BORROWER COVENANTS that Bortower ia lawfully seised af thc eatate hereby conveyed and Fws the right to�runt
<br /> �nd convey tha Pnopatiy a�d that tha Pr'°P�Y j$unencumbered,except for encumbrances of record. Bortower wartanu and
<br /> wiU defend genenliy r1�e dtle w tho PropertY a8ainst�I�c�aims and dtm°ndS�subject w eny encumbru�ce:of record.
<br /> - -- ---' THl3 SECURffY INSTRIJMENT combinea uniform covcnants for nntional use and non-unifixm covenants wilh _
<br /> limited viuiwtfo�by Ju�ltdiction w constltute a uniform securiry inswment coverfng real pruperty
<br /> ��p�V(CpyprlVA(V'!'S, Borrowerand l.ender covenant an d ag�e as fo l lowa: Whp�due th�
<br /> 1, p�ymep�ot princlp�l and IntereRt;Prepryment and Lnte Chpr�w. Borrower ahall promptly puy
<br /> princi of and interest on the debt evjdenced by the Nou and any prepayment and late charges due under the Note.
<br /> - � Pbnds tor'iyuces�d inawrAace. Subject to applicable law or to a written waiJer by Lendcr.Borrower shall pay to
<br /> '"' Lender on the duy monthly paymenta ere due under the Note,until the Note is pAid in full,a sum("Funds")for.(a)yearlY
<br /> - -- -- taxes and Asseasmenta which may attain pdority over this�1�hazud orent as a lie����remiuma;�(dj ycarly tlhood �
<br /> _ payments or ground rents on the Property. if eny: (c) Y Y ProP�►tY
<br /> insurance prero[ums, if eny: (e) yearly mortgage insurance premiums. if any: end(�any sums payubk by Bomower to
<br /> L,eader,in accoMeace wlth the pruvisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> ---- -= items ue calied"Fwcrow Itema." Lender may.et eny time,collect and hold Funds in an amount not to eaceed the maximum
<br /> - amount a lender for a federally re�tued mort8a8e 1°an may reclulre fo�Bortower�s escrow account under the federel Rc,��
<br /> - -� Estate Settlemeat Procedures Act of 1974 aa amended from dmc to time.12 U.S.C.$2601 et seq.("RF�PA"),unless another
<br /> -- -_ -_-,;{� law du�t applies to thc Punds sees a lesser amount. if sa,Lender may.at any time,collect and hold Fl�nds in an emou�t not to
<br /> exceed the lesser nmaunt. Lender may estimate the amount of Punda due on the basis of curnnt data and reasonable
<br /> -- ---- est�mates of expenditures of future Escrow Itema or oiherwise ln accordance with applicable law.
<br /> .�-�'��-°""��'� The Fbnds shall be held in an institution whose deposits ere inRUred by a federal agency.instrumentality,or endty
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<br /> (including[.ender.if L.ender is such an insdtution)or in any Federnl Home I.oan Bank. Lender shall apply the Flmds to pay
<br /> �'�"�r-�;� . the Pscrow Items. l.ender may not charge Borrower for holding and applying the Funds.annually analyzing the es�row
<br /> ����'!�. �_ eccount. or verifying the Escrow Items. unless L.ender pays Horrower interest on the Funds and bpplicable law permits _
<br /> ����;.-"`. I.ender to make such a chacge. However,L.ender may requi�e Borrower to pay a onedime charge for on independent real _
<br /> �_T_� eatate tax reportie8 sen'ice used by l.ender in connection with this loan.unless appilcable law provides dherwise. Unless un -
<br /> agreement ia made or applieable law requires interest to be paid.Lender sball not be requireA to pay Borrower any interest or
<br /> �---.--- ;� �� , eamings an the Punds. Borrower end Lender may agree in writiog.however.lhat intenest ahall be p�id on the Fonds. 1.cnder
<br /> -�-�.,,�_�„�--"--'���`.� shall give to Borrower.without chargc.an annual accounting of the Funda.showing credits and debits to the Funds and the
<br />-��.• pu�pose for wh[ch each debit to the Funds was m a d e. T he E i�o d s ere P�e dg e d a s a d d i t f onal securit y for ell sums secured by
<br /> �ti�: _�.- Ihis:kcurity inswment.
<br /> '�"'fi;���' ' if the Funds held by I.ender exceed ihe amounts permitted to be held by applicable law,Lender shall account to �
<br /> "'"`•`""�'`;`" ,'�' Borrower for the excess�nds in accordance wi�h the requirements of applicable law. If the amount of the Funds held by
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<br /> •,i,'�,ts;`.�':�:; •� ' ����at eny time is not sufficient to pay the Fscrow Items when due,Lender may so notify BoROwer in writfng.and,in
<br /> ,��;,�,.�, such case Bortower shall pay to Lender the amount necessnry to make up the deficiency. Borrower shall moke up the
<br /> - ` deficirncy in no more than twelve monthly payments.at I.ender's sole discretion.
<br /> - �(�i`�i�,:rT;::" Upon payment in full af all sums secured by�his Securiry Insaument.Lender shell promptly refund to Borrower any _
<br /> :.,,�;f���,.�,�, . Funds held by Lender. If.under paragrs�ph 21.Lender shall acquire or sell the Praperty.Lender,prior to the acquisition or _
<br /> � sale of the Pcoperry, shaU apply any FLnds held by Lender at the time of ucquisition or sale as a credit aguinst the sums
<br /> -_�;�:::�u�..,,;, •, secured by this Security Inswment. --
<br /> ••��^�'�:.•.�•='� 3. Applicadon of Payments. Unless applicable luw provides ntherwise, all puymems teceived by I.ender under �
<br /> s.s�~•' Y , ara hs i end 2 shall be applied:first,to any prepayment chacges due under the Note;second.to amounts payable under
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<br /> ;;;�,;�,,�,,�:;: „ � puragraph 2;third,�o interest due;fourth,to principal due;and last.to any late charges due under the Note.
<br /> y-•� 4, rh�es; Liens. Bortower shall pny nll taxes, essessments, charges, Mes And imposit�ons attributable to Ihe
<br /> !'-'�: Property which may attein prioriry over this Secudty(nstrument,and leasehold payments or ground rents, if any. Borrower ..
<br /> °�_����;f shall pay these obligatians in the mAnner provided in p�uagiaph 2,or if not paid in that mnnner,Rnrrower ahall Qay them on ,
<br /> ,�,�;,��,�.:.,�,.�, ,' time direcdy to the person owed payment. Bo�rower shall promptly furnish to Lender ull notices of amounts to be paid under _
<br /> this paragroph. If Sorrower makes these pAyments directly,Borrower shull promptly fumish to Lender receipts evidencing
<br /> :�ad�• :;;.�;�. � the payrnents. -
<br /> ���'x'`°' ' ' Bortower shall prompdy dischtirge Any lien which has priority over this Securiry Instrument unless Borrower.(s�)ngrees
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<br /> in writing to the payment of the obligation secured by the lien in s►monner ncceptable to Lender,(b)contests in good faith the
<br /> �''```�"'�,: lien by.or defends ug�inst enforcement of the lien in,lega!proceedings which in the l.ender's opinion opernte to p�+event the
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<br /> r , enforcement of the lien;or(c)secures from the holder of the lien an Agreement sntisfactory to Lender subordinating the lien
<br /> ���,,�:t' to this Security Instrument. If Lender determines that uny part of the Property is subject to a lien which may unain priority
<br /> -..,.� ,: over this 5ecurity Insaument,Lender may give Borrower a notice identifying the I�en. Borrower shull satisfy the lien or take
<br /> ' ' • one or more of the actians set forth above within 10 days of the giving of notice.
<br /> "' ' � � 5. H�zard or Property Insurance. Horrower shall keep the improvements now eaisting or hereafter erected on the _
<br /> " '' �::�:: , Property insured against loss by fire.hazards inrluded within the tertn"extended covemge"smd any other h�rds,including t
<br /> ` "�. '�'�;'�`"�: � floods or flooding, for which L.ender requirea insurance. This insurance shull be maiotained in the amounts and for the -
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