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<br /> ''' 7'pC3B['HER WITH t►11 the improvcmenta now or hetcafter ctected on the propeny.and ull casements,appurlennnces,
<br /> '— wnd tixturet now m hereaftcr a put of the property All replacements and additions shall�Ico bo wverod by thi�Security
<br /> ` lnurumen� All of the foregoing is refe�red to in this Secudty lnsdvmcnt as the"Propetty."
<br /> BORROWER COVENANTS tlutt Borrowcr ia lawfully seised of the estate hcreby convcyed end hus the right�o grent
<br /> � ��; and convey tbe Prn�erty and that the Property ia unencumbered,eacept for encumbrances of record. Bortower warrants and
<br /> •.�_� wlll defend generaliy the title ta the PropeRy agalnst WI cl�irnt and demands.�ubject to any encumbrances of record.
<br /> - - TERS SF.CIJRPfY WST[tUMBNT cambines unitmrn covenants for national uce and non-uniform covenontc with
<br /> � limited variations by jutisdiction w const�tu�e a unlform secudry instrument covedng nal property. -
<br /> UNI�'ORM COVENANTS. Barrower and Lender covenant and agree as follows:
<br /> 1. Pnymeot ot Prindpal ned Interc9t; Prepnymeai�nd Lnte Cdw�es. Horrower shall promptly pay when due the
<br /> principal of and interest on the debt evidenced by the Note and uny prepayment and lete charges due under the Note.
<br /> .�---.:.:y�a;:�� 2. Fuads tor 7bxes�nd Insurance. SubJect to applicuble law or to a wiitten waiver by l.ender.Barrower shall pay to
<br /> _ __ , ;,�,� Lender on the day monthly payments are due under the Note,un�l �he Note is paid in�'ull,a sum("FLnds")for.(a)yeariy c
<br /> — taues and esscssments which may anain priodty over this Sev�ity Insdument as a lien on the Property;(b)yearly leaschold
<br /> ��a� �• payments or ground �ents on the Prape�ty, if ony; (c)yeazly hazard o: property inaurancc premiums; (d) yearly flood
<br /> � insurance prcmiums. if any; (e)yetuly mortgage insurance premiums, if any; sind (� any aums payable by Borrower to
<br /> Lender,in accordance with the provlsions of pamgraph 8, in lieu of the payment of mongagc insurnnce premiums. These
<br /> items are called"Escrow Items.' I..ender may.at any time, callect und hold Funds in an amount not to exceed the maximum
<br /> �1 � amount a lender for p federally related mortgage loan may require for 8orrower�a escrow account under the federal Real
<br /> ��� Estate Settlement Prc�cedures Act of 1974 as amended from dme to time,l2 U.S.C.$ ?b01 et seq.("RESPA"),unless another
<br /> _;�::.,;, ��� law that appliac to the FLndr sets a lesser amount. lf so.Lender may,at any time.coUect and hold Funds in an amount not to —_
<br /> - t �.�t' w eaceed 1he lesser amount. L.ender may esdmate Ihe amount of Funds due on the basis of cu�rent deta and reascrnable _
<br /> �Y��� :�� � ���*� esdmates of expenditures of future Escrow Items ar otherwise in accordance with applicuble luw.
<br /> � '' •�°'° � �� The Funds shall be held tn an institution whose depoafts we insured by a federal agency, inswmentality, or entiry
<br /> -�-. ;�' °'��;�' (including Lender,if Lender is such an institution)or In any Federel Home Loan Bank. L,ender shall apply the�nds to pay
<br /> --:.•• the Escrow Items. I.ender may nat eharge Bortnwer for holding and applying Ihe Funds,annually analyzing the escrow
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<br /> -`, ,, '�^"'"°" ;,:� .` eccount, or verifying the Escrow ltems, unless Lender pays Borrower imerest an the Funds nnd applicab e aw perm ts _
<br />- '� � '� Lender to make such a charge. However.Lender may rcqufre 8orrower to pay u one-time cherge for an independent real -
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<br /> ���:: �"?�`� estate tax re rtin service used b Lendsr in connect�on with thia lonn,unless applicable law provldes otherwise. Unless nn ---
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<br /> �,� � ��- s�_'' �'�•;��,. .' agreement is made or applicablc law requires interest to be peid.Lender shull not be required ro pay BoTrawer any interest or __
<br /> i h a�. �,�y:'*� ;�',•�-' " • earnings on the l�nds. Borrower aad L..ender may agree in writing,however,that interest shall bc paid on the Funds. Lender
<br /> ..�.�•, ' s h a l l g ive t o B o t ro w e r,w i t h o u t c h a r g e.u n a n n u a l u c c o u n t i n g o f t h e F u n d s.s h o w i n g credits and debits ta the Funds and the
<br />°�j ' '�`, �'�°� ' purpose for which each debit to the Funds was made. The PUnds are pledged as addilional security for all sums secured by
<br /> --- �_ .. ..,� tnir S�curiiy lnsiru�cnt.
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<br />. „ ,��> If tt►e Funds held by L.ender exceed the amaunts permitted to be held by applicablc law, Lender shall account to
<br /> �'�� Bomower for Iho eacess Funds in accordance with the requirements of applicnble law. lf ihe amount of the Funds heid by
<br /> „ � �"• ;� -•� L.ender at any time is nut sufficient to pay the�scrow Iterns when due,Lender may so natify Borrower In writing,and,in
<br /> -•"-,;,;.' such case Borrower shall pay to l.ender the nmount necessary to maka up the deficiency. Borrower shall make up the __
<br /> ' •• ' �'y� deficiency in no mot+e thar�twelve monthly pnyments,at Lender's sole discretion.
<br /> , . r�+'� ' Upon payment in full of all sums secured by this Secudty[nsaument.Lender shull prompdy refund to Borrower uny
<br />.:�:•� � 't r�� �' � Funds held by I.ender. If,under psuugraph 21,Lender shull acquire or sell the Propeny,Lender.prior to the ucquisition or
<br /> '�1ti° ' � "�° sale of the Propetty.shall apply uny Fimds held by Lender at ihe lime of acquisition or sale as a credit against the sums
<br /> : '" �'"' ' "�,;,_;.; , secured by this Securiry Inswment. —
<br /> ,. � u;;;�;'�;' ", ` 3. Appllcation ot Paymenta Unless npplicnbk law provides otherwise,ull payments received by Lender under
<br /> "�-. __ ��; " ara re hs I and 2 shall be A lied:first,to�n re A ment chur es due under the Note;second.tu amounts a able under
<br /> ��',� ;� P B P PP Y P P Y B P Y
<br /> �... ,y�"}'° �;�° '� paragrnph 2;�hird,to intenest due;fourth,to principnl due;and lasl,to uny late charges due under the Note.
<br /> ,' .��'��• n ° • 4. Cha�ges; Ltens. Bonower shull puy All taxes, assessments,charges, fines and impositions atuibulable to the �"
<br />,,; ,,,...�,�„R.,. _.,,,„.� Property which may Attnin prioriry over this Securily Instrument,and leasehold payments or ground nents,if any. Borrower
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<br />;�, ' „ „�,�.rk,,� ;,� � shall pay these oblig�tions in the manner provided in paragraph 2,or if not paid in th�manner,Borrower shall pay em on
<br /> _ , ' � :;;�� ,. time directly to the person owed payment. Borrower shall ptomptly fumish to LencJer all nwicex of amounts to be paid under __
<br /> - �yK , ��:�.' � this paragrnph. If Borrower makes these payments directly,Borrower shali promptly furnish to Lender receipts evidencing _
<br /> the nts.
<br /> � '-�,!�'�'`�^ �' I Bo�trower shall promptly dischurge:my lien which has priority over this Security Instnrment unless Borrower:(a)agrees �"
<br />-�' �`� • �"' " in writing to the payment of the obligution atiured by the lien in n munner acceptnble to Lender,(b)contesls in goai faith the --
<br /> k �� r � .�•�j:' � lien by,or defends against enforcement of'Ihe lien in, legul proceedings which in the l.ender's opinion opernte to prevent the
<br /> . . T,� � �'�•'�_�,. :r•' ; enforcement of the lien;or(cl secures from the holder of the lien un agreement su�isfactory to Lender subordinating Ihe lien �.__
<br /> °� to this Securiry lnswmen� If Lender determines thot nny pnrt of the Property is subject to u lien which muy anain priority �-_
<br /> '��'�'"' . I over this Securlty Instrument.Lender mny give Bortower a notice identi(ying the lien. Borrower shall satisfy the lien or take �—
<br /> -" a' � one or mor�e of the actions set forth Alwve within 10 dnys of the giving of notice. ^
<br /> � � ." i S. Hazard or Property Insurance. Borrower shall kecp the impn�vements now existing on c�reafter erected on the �
<br /> , , .� i Property insured ugninst loss by Bre,hazsirds included wi�hin the term"extended coverage"and xny other hnzurds,including
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<br /> ' floods or flaoding. for which Lender requires insurance. This insurc►nce shall be muimuined in the nmounts and for�he
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