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<br /> =� TOCiETHER WITH all�he improvements now or hercafter er�cted on the property,and all eaxement!�,appuruenonces, �o
<br /> pnd flxturex now or hereAfter a part of the property. All rcplacements and Additions shall also be covercd by thi�+Secu�ity
<br /> - Inrtrument. All of the forcgoing fs referred to in this Securiry lnadument as thc"Property." �
<br /> .'` BORROWER C�UVENAW'fS thnt Bo�rower is lawfully sefced of Ihe estate hercby conveyed and ha�the dght to grunt
<br /> and convey the Property and that the PropeRy ia unencumbered,except for encumbrunces of record. Borruwer wa�ant�and
<br /> will defend genert�lly the dtle to the Property agalnst all clalms and demends,subJect to any encumbrances of record. -
<br /> THIS SECURITY INSl'RUR�IV'f combinea uniform covenents for natlona� use and non-uniform covena�ts wlth
<br /> �� limited variations by jurisdictiom ro constituoe e uniform security instrument cover{ng real propeny. --
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and ag�e as follows:
<br /> .,�__ � 1. Payment ot Princips!and Interesti Prepayment ond Latc Chorges. Borrower shall promptly pay when due the
<br /> - principal of and inta+eat on the debt evldenced by the Note and any prepayment and late chargea due under the Note.
<br /> - --- 2. E�uods tor 7}�xes aud InsurAnce. Subject to applicable Inw or to a w�itten waiver by Lender,Borrower shall pny to
<br /> Lender on the day monthly payments ere due under the Note.unNl the Note is paid in full,a sum("Funds")for.(u)yearly
<br /> _ _ taxes and nssessmenta whiah may attain priodty over this Security Insdument a4 a lien on the Property;(b)yearly IeaAehold ___
<br /> — � payments or ground rents on the Property. if any; (c) yearly hazard or property insurnnce premiums; (d) yearly flood .
<br /> ��a-�- insurance premiums� If any;(e)yearly mortgege insurance premiums,if sury; and(� any sums paynble by Barrower to
<br /> �sme��a Lender. in accordance with�he provisions of paragraph 8,in lieu of the payment of murtgage insurance premiums. These
<br /> ri" �r.ir�, itetn�are called"Escrow Items." Lender may,at any time,collect end hold Flinds in an amount not to exceed the maximum
<br /> '� � '"�� amount a lender for a federally related mortgage loan may require for Boaower�s ascmw account under lhe federal Real
<br /> ��"� 'Estate Setdement.Rocedures Ac1 oi I974 as amended from t�me to time,l2 U.S.C.§2601 et seq.("ItESPA'7,unless another —
<br /> �iD��: • law that applies to 1he Punds sets a lexser amount. If so,Lender may,at any dme,collect and hold Funds 1n an amount not to __
<br /> � T , . ar„a•�c, , exceed the Iesscr amount. Lcndor muy estimAte the wnount of FLads due on the besis of current data and reaxonable �-
<br /> �'_•-�f� :� °.:. ._._ esamates of expenditures of fuwre Escrow Itema or otherwise in accurdance wlth applicable law. -.__
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<br /> � ,+„. The Fl�nda shall be held in an instituuon whose deposits are lnsured by a fedcral agency, instrumenlality, or entity
<br /> ;:`."�':�`_= =.:_=� � (including Lender,if Lender is such un institutinn)or in any Federal Home Loan Bank. I.cnder shall apply the Funds io pay --
<br /> .° ,�ti,,,;,;;.;;,;�,� the Escraw Items. Lender may not charge Borrower for holding and applying the Ptmds. annually analyzin��he escrow
<br /> �� u`�. - account. or verifying the Escrow Items, unless L.ender pays Borrower interest on the Flinda nnd applicable law permits
<br />_� • --- �•`� ' Lender to make such a charge. However.Lender may require Borrower to pay a ane-time charge for un independent real �-
<br /> -- • ' . • estate twc reparting service used by I.ender In connection with this loan,unless upplicnble law provides otherwise. Unless an
<br /> �' ���,{;,�y,,•.4 q�' ' agreement is medc or applicable Isw rcquires interest ta be paid,Lender shnll not be required ta pay Borrower any interest or �-
<br /> -� • ;'. ;,;,; eamings on the Funds. Borro:�er and Lender may agree in writing,howevcr,that interest shall be paid on the Funds. Lender
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<br /> ;_„� shall give to Borrower,without charge,un annual accounting of the Funds.showing credits and debits to the Funds and the __
<br /> . '' , purpose for which each debit to the Flmds was made. The Fur�ls are pkdged as additional security for all sums secured by
<br /> _ _��;:,..;:,,�� this 3ecurity Instrument.
<br /> - :�i��;,;�•- -��� lf the Nunds held by i.ender eaceed the amounts permined eo be heW by appiicable iuw, Lc�i�� shatl account ta -
<br /> _� '•��•.• �'�'� ",. Borrawer for the excess Funds in accordance with the requirements of applicabM law. If the amount of�he Flinds held by
<br />- - �;,��"�=�° L.ender at any time is nat sufficient to pay the Escrow ltems when due,Lender ms+y so notify Borrower in writing.and,in
<br /> — '`� . � such case Borrower ahall pay ta Lender the nmount necessnry to malce up the deficiency. Borrower shall meke up the
<br /> — � ' ,.�:� deficiency in no more than twelve monthly payments.ut Lender§sole discretion.
<br /> � �,_.� Upon puyment in full of all sums secured by this Securiry Instrument,Lender shAll prompdy refund to Borrower uny _
<br /> „�. , ,, ,_ �,•�� Funds held by Lender. If. under parAgruph 21,Lender shull acquire or sell the Property,l.ender.prior to the acquisition or �.:-
<br /> A�� b�,t„ ;�,, sale of the Properry. shall apply any Funds held by Lender ut the time of ucquisition or snle as u credit agai�st the sums
<br /> .;ra;,, secured by this Securiry Inshument.
<br /> ;_� �•��.,"_ .,�. 3. Appl(eation of Pnyments. Unless npplicnble luw provides otherwise, all payments received by Lender under �-;
<br /> _ . psvugmphs ! and 2 shall he applied:first,to nny prepayment charges due under the Note;secand,to umounts payable under �"�
<br /> •�`#�'r -'•. �� • paragmph 2;third.to interest due:fourth,to principal due;and lost,to uny late charges due under the Note.
<br />- � 4. Charges; Liens. Bortower shall pay ull taxes, nssessments,chnrges, Fnes nnd impositions uttributable la the
<br /> - K� . ` Property which may attain priority over this Secu�ity Instrument,nnd leusehold paymen�s or ground rents,if nny. Borrower _
<br /> �� �1°•r►�i:. :,. � shall pay lhese obligutions in Ihe mnnner provided in parugraph 2,or if not paid in that manner,Borrower shull puy them on °=�
<br /> ' "``'`�• �iP time direcU to the rson owed a ment. Botrower shull rom U furnish to Lender ull notices of amounts to be aid under r,�
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<br /> � this paragreph. If Bomower makes these puyments directly,Horrower shull promptly fumisb to Lender receipts evidencing
<br /> — thc mcnts.
<br /> - �����.� • �Borrower shall promptly discharge nny lien Hhich has priority over this Sewrity Instrument unless Borrower:(u)agr+ees --
<br /> -=� • ° ' ' in writing ro the payment of the obligation secuned by the lien in a msumcr ucceptnble to Lender,lb)contests in good faith the
<br /> ;��"���' • lien by.or defends ugainst enforcement of the lien in,legul proceedings which in the Lender's opinion opernte to prevent the �_
<br /> - - - enforeement of t6e lien;or(c)secures from the holder of the lien an ugreement sutisfactory to Lender subordinuting the lien -
<br />;,�— .�qr° ^ to this Security Inslrument. If i.ender determines�hat uny part of the Propeny is subject to u lien which muy attnin prioriry �;-u-
<br /> ��,,; .. over this Secudty Instrument,Lender may give Borrower u notice identifying the lien. Borrower sh�ll sutisfy the lien or take
<br />=-,� . •� one or more of the nctions set fonh ubove within 10 dnys of�he giving of notice. - --
<br />^^.ta 'g'' • S. Haaard or Properfy Insurance. Borrower shall keep the improvements now existing or hereofter erected on the
<br />-�''= . ' ,. Pro p ert y insured a gainst loss b y fire,hAZUrds included wilhin the term "extended coverage"and any o[her h�zards,including �
<br /> •• floods or flooding,for which Lender rcquires insurunce. This insumnce shs�ll be muinlained in the amounts and for the _
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