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<br /> -_- TpC3ETHBR WITH all tho improvementa now oe hercafter erect�d on�hc�bpeny.and etl caaemeN�.appunenances,
<br /> and fixturcs now or here�fter A psut of the property All rcplacernents w�d Addltiona slwll alxc�ba cov�ned by tbit 3ecuriry
<br />__ ___ IrWtutnen� All oP the forcgoing ie►eferred to in this Secudry Inatrument as 1he"Property."
<br /> -------i=� BORROVYER COVENANTS that Borrowcr ie lowfully s�ised af the estatc hercby canveyed wui hua tl�c r�ght to grant
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<br />_— ----- —= nnd convey the Roperry u�d ihat�he Property is unencumbered,�xcept for encumbrances of rocord. Borrower wartant�and
<br /> ._�� will defend�enenlly il�e iide to the Property pQ�inst all el�imc and dem�nds,subJxt to any eneumbrances oP record.
<br /> -�- "�_—' THlS SECURIIY 1NSTRUMENT combines uniform covenams Por national use and non-unifortn wvenan�s with �
<br /> !� Ifmited vArlaiona by juricdiction a constitute a uniform security inswmont covering neal pn�perty.
<br /> — ---- UNI�ORM COVBNANTS. Borrower and Lendet covenant and agr�e as fallows:
<br /> 1, p�y�peat ot Peiadpal and interesti Pre{wymeat and �.ate Cha�ea Barower ahall promptly pay when due thc
<br /> �+.� princip�l af and fnterest on the debt evldenced by the Note and any prepayment and late charges due under the Nate.
<br /> Z, Ftiod�for 7lwcee and Ioeurance. SubJect to applicable law ar to a written waiver by Lender,Barower shall pay to
<br /> .���� Lender on the day monthly payments arc due under thc Note,undl the Note ia paid in full,a sum("FLndg")for.(u)yearly
<br /> - teues and Assessments which may attein priority over this Secudty(nsuument as a lien on the Property:(b)yenrly leaseho!d -
<br /> �� payrnents or ground rents on the Prq�erty. Ff any; (c) yca�ly iuzard or property insurnnce premiuma; (d) yeArly fload
<br /> -- - tnsurance p�+emiums. if any: (e)YeadY mortgagc insurance premiums, if any;and(� any sums payaWe by Borrower to
<br /> �• ` � Lender,in accordence with�he proviaions of paregraph 8,in lieu of the payment of mongege insurance premlums. These
<br /> *�,";►����� items are culled"Esciow Items.' l.ender may.et any time,collect end hold F�nds in en amount not to exceed the maximum
<br /> amount a lender for r federally related mortgage loan may require for Borrowerk escrow account under the federai Real
<br /> � Es�atc Sett��mept p�ucedures Act of 1974 es umended from time to time,12 U.3.C.�2601 c�seq.("RESPA"),unless another
<br />-- law that applies w the Funds sets a lesser amaun� If so.I.ender may.at any time,collect and hoid Funds in an amount not to �
<br /> ��t��` � excced �he lesser amount. Lender may estimate the amount oi Funds due on the basis of cuirent data and reasonable
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<br /> _,-.,�.-�-_�,.=�:��;-- esdmates of expenditures of future Escrow Items or otherwise in accordance wlth applicable law.
<br />--:�'` ._..:: � ,�r�`�m•� The Elinds shall be held in an institutton whosc deposits are insured by a federnl agency, instrumentality,or entiry
<br /> a;;:�;_��. ':�'�`�'`�,� (including Lender.if L.ender is such on institution)or in any Fedeml Home Lonn Benk. Lender shall appty the Funds to pay
<br /> --.,8,�� ,:. � the Escrow Items. Lender may not charge Bortower for halding end applying the Funds,annually analyzing!he escrow
<br /> ' accaunt, or vedfying 1he 8scrow Items, unless Lender pays Borrower interest an the Funds and applicable luw permils
<br /> '�:���. '�F�� . Lender may require Horrower to pay a one-time charge for an independent real
<br /> Lencler w make such a charge. However.
<br /> -"a` � ." �• estate tau reporting service used by Lender in connection wfth�his ban,unless applicable law provides otherwise. Unless an
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<br /> _ �x �'M,� agreement is made or applicuble law requires interest to be paid,Lender shall not be required to pay Borrower any interest or
<br /> ��_ '?� eamin s on the Funds. Borrower ar�d l.endcr may agrec in writing,however,tbat interest shall be paid on Ihc Funds. Lender
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<br /> : shell give to Bo�rower,without charge,an annual accoundng of the FLnds,showing eredits and debits to the Funds and the
<br /> �� �.Li'� ~��' u se for which each debit to the Funds was made. The Fwids ue P�e�18ed as addidonal security for all sums secured by
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<br /> —'-.`,.,��..-.,R,��,.-� thic S�ecuriry Insaumcnt.
<br /> .�,�•,��� if tho F1mds held by I.ender exceed the amounts permitted to be held by applicable law, Lender shall account �o
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<br /> �F _ .'�!' Borrower for the excess Fbnds in sucordance with�he requirements uf applicable law. If Ihe amount of the F�n e y
<br /> ' Lender at any�ime is nat sufficient to pay the Escrow Items when due,l.ender may so notify Borrower in wridng,and.in
<br />= ,��. „- .;� •• such case Borrower shall pay to Lender the umount necessary to make up the deficiency. Borrower shall make up tha
<br /> — l� de8ciency in no more than twelve monthly payments,at Lender's sole discretian.
<br /> — .�'�t'"��':''�`:i� Upon payment in full of all sums secured by this Securiry Instrument, L.ender sh�ll promptly refund to Borrower�ny
<br /> _ . , a,� ' Funds held by I.ender. If,under paregrnph 21.Lender shall acqulre or sell the Araperry.Lender,prior to the acquisition or -
<br /> , �„��;,: �. . ��. sale of the Property.shell apply any Funds held by Lender at the time of ucquisition or sale as a cnedit against the sums -
<br /> _,�,,,,.,,�,;.,,... �,.�„.... secured by this Securiry Inswment.
<br />`:� - • 3. Appllewtiop of Payments. Unlass npplicabie law provides otherwise.all payments received by Lender under
<br /> � ° paragrnphs 1 end 2 shall be upplied:first,to nny prepayment chsugcs due under the Note;second,to amounts pAyable under
<br /> peragraph 2;third.to intereat due:fourth,to principAl due;and lusb to any late charges due under the Note.
<br /> � -":y' - �y• . , � . 4. Char�es; Liens. Botrower shall puy all taxes, nssessments, churges. fines and impositions attribu�able to the
<br /> �+ ,y„ _ " . ,. . propeny which may attain priority over this Securily Instrument.and Ica�sehold payments or ground rents,if any. Borrower
<br /> �+►��e.�•.�..V . shall pay these abligations in the manner provided in paragraph 2,or if not paid in that mnnner,Borrower shall pay them on
<br /> ` ��� time dir+ecdy to Ihe persan owed payment. Borrower shull promptly furnish to Lender�II notices of amounts to be paid under
<br /> �. �`��`" • � � this parngraph. [f Borrower moikes these payments directly, Borrower sholl prompHy furnish to Lender receipts evidencing
<br /> �.`.: the a nts.
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<br />-� .u... . � Borrowershall prnmptly discharge any lien which has priority over this Security Instrument unless Borrower.(a)ugrees
<br /> � ..,,�., : in writing to the payment of the obligation secured by the lien in a munner acceptable to Lender,(b)contesls in good faith the
<br />-= �y;;.�- ��,, lien by,ar defends ugainst enforeement of�he lien in,legal proceedings which in the I.ender's opinion operute to prevent the
<br />_ � �; � enforcement of the Ifen;or(c)secures from the holder of�he lien an ugreement satisfactory to Lender subordinating the lien
<br />-- �'�' � �F� to this Security Instrument. If Lender detertnines that any pan of the Property is subject to n lien which may attain priority __
<br /> • w, � over�his Securiry Inswment,Lendcr may give Borruwer n notice Identifying the lien. Borrower shall sutisfy the lien or take
<br /> %�.-A ' one or more of the actions set forth ubove within 10 days of the giving of notice. _
<br /> - � ' - � S. H�rd or Property lasurance. Borrower shall keep the improvements now existing or hercafter erected on the �'
<br /> — i:� � Property insured�gAinst loss by t"ire,hnzards included within Ihe term"extended covernge"and any other hazards,including
<br />•�� , flaods or flooding, for which L.end�r requires insurance. This insurance shall lx muintained in the amounts and for the _
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