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<br /> -- TO(iETHER WiTH all the improvements now or hereafter eroctod on the pmpeny,and all eacementa.oppurte.umoea,a�d ?
<br /> fiatures now ar hereaRer a p�t of the propeny. All replacementa and udditians shall �Ico be covercd by ihi� 5cxurity �
<br /> L�trument.All of the farcgaing is referred ro in�his Secudry lnstrument as the"Property." !
<br /> BORROWER COVENANTS tlwt Borrower ia lowfully aisod of the eswte hercby convryed and has the righ�ta�rant wid �
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<br /> `- _ rnnvey the Propeny And tFwt the Property ir unencumberod, except for encumbrances of recard. Borrower wartants wnd will ,
<br /> �:�. � defend ger►erAlly the tide to the Property against dl clAims�nd demondc.subject to any encumbrwuxx of record. .-
<br /> "h� � THIS S�CURlTY INSTRUMENT cambines uniform coverumta for national use and non-uniform cuvenanu wl�h limited
<br /> � vuiatiuns by ju�isdiction to constitute u uniiarm aecurity instn�ment covering real property. `
<br /> UNIrORM COVENANTS.[ioaower and Lender cnvenant And a�ree aR foll�wg:
<br /> _ l. Paymeat o� Pilnclpwl and Intereat; Pre�ymeat nnd I.s�te Clwrges. Borrower shall pramptly pay wtxn due the.
<br /> �,.�,.�.�,,,,..�,,,. principal af and interest on the debt evidenced by the Note und uny prepayment and lute charges duc undcr the Note.
<br /> � 2. Fund�[or Tt�zes pnd In�urAnce. Subjat ta applicable law or to a wrftten woiver by L,ender. Borrower stwll pay to
<br /> Lcnder on thc day monthly payments arc due under the Note.until the Nae ia puid in fuil,a sum('Funda")for:(a)yeuly laxes
<br /> ���x•:ra�a and assessments which may attain prior�ty over this Securiry Instnrment as u Nen on the Propecty;(b)yearly leasehold paymenW
<br /> ���_°�"`"""'�' or ground rents on ihe Praperty,if siny;(c)yearly hazard or pmpeny insuronce premiums;(d)yearly flood insurence premiums,
<br /> ��"TM��� if any: (e)yearly monSu6e insurance premiums,if any; and(�any sums payable by Barrawer to Lender,in uccordance with
<br /> ��'��`�° the provisians af parag�aph S, in(ieu of the payment af mortgage insurm►ce premiums.These items are called "Escrow Items."
<br /> - L,ender muy, ut any time. cotlect and hoW Funds in an omount nat to exceed the msucimum amount a lender for a foderally
<br /> �=^-�?+�a: related mortgage loun may require for Borrower's escrow nccount under the federal Real Estate Settlement Procedures Act of
<br /> � 1974 as umended from time to time. 12 U.S.C.Section 2601 et se�. ("RESPA"),unless another law thut applies to Ihe Funda
<br /> ��i sets a lesser amaunt. If so, L.ender may, at any time, collect und hold Funds in an amount not to excced the lesser amount.
<br /> '���,',,:K�•� �� l.ender muy estimate the amount of Funds duc on thc b:�ris uf current dwa and reasoneble estimotes of cxpenditurp of future -
<br /> _ ��r�r�l Escrow Items or otherwlse in accordance with applicable law.
<br /> -_�:'`�"�: � The Funds ahull be held�in an institutian whose deposits are insured by a federal agency, instrumentality,or entity
<br /> �Y�:t='.°�` � I (including l.ender,if Lender is such en institution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay thc
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<br /> Escrow Items.Lender may not charge Borrower for holding and applying the Funds,annually uaalyzing the escrow xmunt, ar
<br />'°����ti�� i verifying the Escrow Items,unlesss Lender pays Borrower interest on the Fusuls and s►pplicable law permits Lender to malce such
<br /> �.3� .,:r^ � +�?� I a charge. However, Lender mny requim Bonower to pay a one-time churge for wi independent real estate tax reparting service —
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<br /> :��se.��_r=`-.. <.•�' ;. used by l.ender in connecdon with this loan, unless applicuble luw provides atherwise. Unless un agreement is made or
<br /> ��;��.Y_:.,�: „ ',�� i' ' applicable law requires interest to be paid, l.ender shall not be requi�ed to puy Borrower any interest or eamings on the Funds.
<br /> � ,,,;:..•. �;���• Borrower and Lxnder muy agree in writing,however, that interest shall be paid on the Funds. Lender shall givc to Borrowcr.
<br /> --___ `"`� ' without charge, an annual uceounting of the Funds,showing credits and debits to the Funds wid the purpose far which ettch
<br /> � �,�;�e���-° deblt to the Funds was made.'j'iic Fwxl�ara piaigcd as additiotia!security for a!!:,um:;:xcured by this S�curit� lnstsument.
<br /> �,'s''.�+� �'�'��„ If the Funds held by l.ender exceed the amounts permitled to be held by applicable law, Lender shall account to Borrower
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<br /> ,:!' for the eacess Funds in accordance with the requirements of upplicuble Inw. If the amount of the Funds held by l.ender at any
<br /> ���,+h ;�.'•;•:�; �.;, � time is not sufflcient to pay the Escrow Item.s when due, I.ender may so notify Borcower in writing, und,in such case Barrower __
<br /> �._ ,�� �� ' .� shull pay to l.ender the umount necessary ta mWce ur the deficiency. Borcower shall make up the deficiency in no mare than
<br /> =?� ..;.�,p;,...•.;:-;,;�.,:. twelve monthly p�yments,at C.ender's sole discretiun.
<br /> _ ,,,..-•di,;• . ,x:, . Upon puyment in full of ull sums wcurcd by tbis S�xurity Instrument, I.endcr shall prumptly refund to Bormwer any
<br />" ... � ��. ..�,:-'::.� Funds held by Lender.U', undcr paragraph 21,Lender shall acquire or scll thc Propeny,L.ender,prior to the s�cquisition or snle
<br /> _--° .,.�::r,,..w..� •.�•. , of the Propeny, shall upply uny Funds heW by Lender at the time of ncquisition ar sale as a credit against the sums secured by
<br /> �� t ..,. ... ,� this Security instrument.
<br /> - :: � °''~ 3.Appflcation nf Payments. Unless applicable luw proviJe�otherwik,ull payments rcccived by Lxnder under p•rragmphs �
<br /> ��`+ ��,"�!� 1 and 2 shall be applied: first, to any prep•ryment churgex Juc unJer the Note: rcconJ,to umounts payuble under paragruph 2; �'
<br /> �, � ;.��,�;, ;;,� , third,ta interest due; founh,to principal due; und lutit,to any lute charges due under the Note.
<br /> ' -y - , - ..aw. .; 4.Charges:Lieng. Burrowcr shull puy all taxes, usscssments, rhurges, fines and impositions auributuble to the Property
<br /> :;,�::.-' which muy attain priority over this Security ]nstrument, und le;ueh�ild paymentti��r ground rents, if any. Borrower shull pay
<br /> _ . '�.�'.r ^ �� . these abligutiun�in the munncr provided in puragruph 2,or if not paid in that manner, Borrowcr shall pay them on timc direcdy
<br />- '; �' ���� to the person owcd paymem. &mower shull promptly fumixh to Lender ull notices of umountti to be paid undcr thi s pars�gmph.
<br /> ' � • " If Borrower mt+ke�thex payments direcdy,Bcmower shull prompdy furnish to L.endcr receipts evidencing the puyments.
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<br /> ,.p.�;�:, �. 7� Borrower shull pmmptly dixcharge uny lien which huti priority over thiti Sccurity Instrument unle+�Burrower: (a)asrees in
<br />`'"` � " wriling to thc payment of thc abligAiion sccured by the licn in n munner ucceptuble lo Lendcr; (b1 amtrsts in giiud faith thc Uen _
<br /> . �� s-� by, or dcfends uguins� enfiireemem of the lirn in. Icgul pmceeJing� which in thc l.cndcr', upinHm i�perute to prevent the -
<br /> _,.t, ��.•;::•. . enforeement of the lien: or lc)securcs from thc hulJer c�f the licn an agreenum +aii.lartun�to Lenver sulx►rdinating Ihe lien to
<br /> � - '���'�►:i- " ° this Sccurity Instrumcnt. If Lender detcrminr.ihat uny pan ot'�hc Prupeny i. whjrrt t�� a licn which muy atrrin priority over �_
<br /> � � ;,,;�-�" this Scruriry Instrumcni. l.ender muy�ivr&�rrnwcr a nutirc idrntit'ying thc lien. R�xr�i��•cr�hall�ali�t'y thr licn or luke ane or
<br /> more of the actions set forth atx�ve within 10 Juy�af thr giving nl n�nicr. -
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