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<br /> , 'fpC3E'1'4�T�ti.V.TtFI all thc impro��s.m,.°nts now or hereafter erected oa the prop�rty.�������3�irtL�f[ts,appurtenances,and --
<br /> , fiaturPS aaw on c�reuftcr a purt af tbE property. All replacements and addiaons s�all also be covered by this Securiry
<br /> ' l�utrument.A�of thc fc�;oin�is referr�ta in this Sxuriry Instrument ac the"Propert;." '' "
<br /> � BORROWER COVENANTS th�t BQrro�v�r is IawfuQy seised of the estsite hereby conveyed ar►d has chc right co grant and ��a
<br /> convey the Pmperty aud that the Prop,:at}' is urtensumbered, except for encumbrances of recard. Borrower warrants and wiU ,_
<br />• defend gener�l;�the titte to d►e t�ropercy a�ainst all ciai��tis an�de�nds.su�;ect:a°-•^•Y e��►bra�►ces of recard. .
<br /> ;.t• THIS�CCUtti1'Y�NSTRtIMENT rnmbines uniform covenants for national use and non-uniform covenanu w�ith limited
<br /> • variations Uy juritdiction to cunstitute a onitorm security instrument covering real property• .',`
<br /> ' U1�IIL'-ORM C01iENANTS.BArm���er and Lender covenant and agee a§follows: �=s<-`
<br /> :��. 1. Fnymant �P FNncl�u0 ured tnter�si: P+�ep�yment and Lute Chsu�es. Honower shall prompdY paY when due the
<br /> ' � principal ef and inte►rst un the debt evi3er�a.d by[he Note and any pre.paymem and lute charges due under the Plote.
<br /> � �'.� r 2. �ands far Tax�and Insa���er. Subject to a�licable la�v or ro a written�v�aiver by Lender. Borro�rer shall pay to F�
<br /> ` .. Lender an the dtty monthly paymenu arc due under the Mote,until the Note is paid in full.a sum("Funds"}for:(a)yearly taxes
<br /> .� _ sessments�vhich ma attain riority over this Security I�trument as a lien on the Prop�rty:lb)yeadY leasehold payments �._-:
<br /> and as, Y P �
<br /> or ground mnts on the PrnFerry.if any:lc)yeariy har.ard or property i�urancc prcmiu�s:(d)Year1Y flood insurance premiums,
<br /> � if any:lel ycarly martgage insuran,re pnmiums. �f anY:and(fl�Y sums payable by Borrowet to l.ender, in accordance with �_ _
<br /> � the provisions of puragraph 8, in lieu of thre payment of mortgage insurance pmmiums.7'hese items are called"Escrow Items."
<br /> �_:.
<br /> Le�n�der mny, at any time, collect aend hold Funds in an amouat not to exceed the maximum amrn►nt a lender for a federally
<br /> ' ' for&►rro��er's escro�v acoount under tfie federal Real Fstate Settlement Procedures Act of ��'_
<br /> r¢Wtad mart�age loan may req�ire
<br /> 19i'�#as atnended fmm ame ro rime. 12 U.S.C.Settion 26fl1 er seq. ('RESPA').unless another law that appl:es to the Funds �'.•�_-
<br /> seta a l�:sser amaun� If so, Lender msy. at any time, collect and hold Funds in an amoutit not to exceed the lesser amount. �`a_,.
<br /> ' Lender muy esticuate the amount of Funds due on the basis of curcent data and reasonable estimates of expenditures of future �,_ ,
<br /> , Fscraiv Items or othernise in acrnrda��vith applicabte law. �
<br /> . " Thc Funds shall Ise held in an institudon whose deposits are insw�ed by a federal agency. instnimentalit3+• oa entity �.--:--_
<br />` ' . (inciudiug Lender,if L.ertder is such an instituaon)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the .,�
<br /> .` ''.''�� ma not e Bomnwer for holding and applying the Funds,annually analyang the escrow account.or ��_;�
<br /> __ Escraw Ytcrms.Lender y ckar8 ___
<br /> ver�fying thc Escm�v Items•unless Leie�er p�ys Borrower interest on the Funds and applicable law pemuts Lender to make such _v_
<br /> �---
<br /> . ' a sit�uges.Ha�vever.Leader may require Borro�ver tu p�ay a wK-i;»�:,�,a�e f�r an inci.;�,cr�.^.nt real estate ta�c mporting service �
<br /> a5.°d by I.ender in connection with this loan, unless applicable law provides atherwise. Unless aa agreement �s made or
<br /> . appl;cabla iaw requires interes�to be paid,Lender shall not be cequired ro paY Borrower any interest or eamings on the Funds.
<br /> �:.
<br /> � �nrra�var and I.euder may agree in��itin8.however, that interest shall be paid on tfte Funds.Lender shall give to Borrower, — -
<br /> , � withauL eht�e, un aanua!accounting o!the Funds. showing credits and debits to the Funds and the pwpose for which eac6 =��
<br /> • de1�;t to the�ru�ds�vas made.The Funds are pledged as additional security for aU sums secured bY this Security Instrument. ��
<br /> ' IY tha Funds held by Lender exoe�d the amounts permitted to tse held by applicable law.Lender shall account to Ba�«er
<br />�.��''' ". �r tlt¢excesa Futtds in accorclance w:th the requirements of applicable law. If die amount of the Funds heW by Lender at any __ --
<br /> time ib nat.sut�'tcient w pay the Escraw Items when due.Lender may so notify Bae�•�er in writing.and,in such case Bormwer iA_`
<br /> ,� , shall pay to Lender the amount necessary to make up the deficicncy. Borrotiver �i�:;';make up the defcciency in no more thaa �.=.
<br /> ' twelva manthly payments.at I.eudsr's sole discr+etion. �-
<br /> . Upon payment in fWl of all swns secured by this Security In=�umern. Les�er shall pmmpdy refund to Borrower�t
<br /> � �unds held by Lender.If,under paragrapte 21.Lender shall acquire oa seil the Pro�rty.I.ender.prior w the acquisition or sale C�
<br /> d
<br /> ' ° ec 2he Ptaperty, shull a}sg[y anY FwrJs hetd by I.ender at the ame of a.cquisition or sale as a ecedit against the sums secured by
<br /> . �
<br /> , �;;.. siiiis S,ecurity lnstrument.
<br /> ::'.�:%,, . 3.A,,��'�,u�e2foa of�aymeats.UNess applicable law provides a�,-a�vise,all payments re�.uat by Lender under parnrtr.,�1�u
<br /> • 1 ru�d Z s:�.i�apglied: first.to any prepayment charges due u�es t�e Note;second,to amonrt�payable under par�ar',�lL�' �-_
<br /> t�itd,tn inte�st due;fcv.ct�,to prirr.ipal due;and last.to any late ctuuges due und:r ths Nate.
<br /> . ' 4. Cimrges► Lie�.l?.�mwer shall pay all taxes.assessments. charges.fins-��:imposidons amibumi;i�ce,the�r,Nerty �=-
<br /> , s�:
<br />���'',>r�.t..: nrtileh muy.attain prior�r,+c•+er this Security InsttumEnt.and leasehold paymenu or�,-round rents. if any E�:�c�ower sha1l.�.aY
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<br /> 1 ��`��,,' these ablignttona in the manner pravid�d in paragraph 2,or if not puai in that manner,Borro�c�r�asall pay them on tiii�e d[rn�S.y
<br /> �;�t�''��'� to the pe�an,owed pnysr.�t.Boaou�:r�h:il1 promptly fumish to Ixurir.�r aU norices of amounts trv��e paid under this para�e�h•
<br /> ?.f Borrower mflE:as thes..�ip:nents directly.Iiotrntiticr�h.�11 prompfly fumish to ixnder reaipts evidencing the payments. `.:.;
<br /> � Barrowcr shull prc,r�tiy discharge any lien v+iii�t i;ws priority over this Security Instrument unless Bcrm�uef:(a)agrees in
<br /> wr'stfn�to�thc payntent�;[�it�e obligation secured by tive Uen in a mansieracceptable ta Lender.(b)oontests in�nr.;d faith the lien !�_`
<br /> t ' by. on dafe�t3s aguinst e::forcement of the lien in. legal proccedin�which in the Lender's opiniort operate to ptevent.the `
<br /> � � • enforceme:Gr cf ihe lie�.• �a(c)secures from the holder of thc lien arr a�;reemeni satisfactory to Lender su8ordinating the livar���
<br /> � this�eeurity Instrumeu.: ff Lender d�tertnines that any part of the Praperty is subject to a lien which may attain priority over
<br /> - this Secut�ty Instrumer.�1".,�.r•�der may give Borrower a norice identifying the lien.Borrower shall satisfy the lien or take one or
<br /> ' " in 10 da s of the ivin of notice. �."r'
<br /> mora uf dta actions set fara�above vnth y g &
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