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<br /> . 1� TO(3ETHER WITH aU the improvements now or hercaftcr erected on the propeny,and a�l cascmcntK,uppurtenunrc�, —
<br /> `.a end flxturc�now or hereaftcr a part oF ihe property. All replacemcnts and udditions afwll also bc�ovcr�:d by Ihls 3ecudty
<br /> Inetrument. All of the famgoing is refermd lo in thiR Security Inalrument as the"Property."
<br /> ,�,, BORROWER COV�NANTS Ihut Bortawcr ix luwfully scised of Ihe estute hercby convcycd und ha�thc �ight to grant
<br /> � e and convey the Praperty nnd thut the Property is unencumbered,eacept fur encumbrances of record. Borcower wumnta and Y�
<br /> • will deiend generally the dtle to the Property against ull claims and demands,subject to any encumbmncea of record.
<br /> • 7'H�S SECURITY INSTRUMENT cambines uniform covenanta for nAtionul uxe und non•uN(orm covenanta with
<br /> .°�• Ifmited varfationa by Ju�isdiction to constitute a uniform xecuriry instrument covering real property. � -
<br /> :,�; , UNIFORM COVENANTS. Borrower and l.ender cavenont and agree as follawa:
<br /> °���r 4�' �, payment of Principal and Interest; Prepayment And Late ChArges. Barrower shall prornplly pay when due the
<br /> n'��; ���"+� principal af and inte�est on the debt evidenced by Ihe Note and any prepayment and late chargea duc under the Note.
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<br /> ••�� ,.�-_� 2. F'unda tor Twces and Insurance. Subject to applicable law or to a written waiver by Lender,Barrower s a pay to
<br /> ��f � Lender on the day monthly payments are duc under the Note,until the Note is paid in full.a sum("Flmds') for:(A)ycarly
<br />'-°�"'�°""r`i4r�`":'.. `.-- taxes and asseasments which mny attuin priority over thix Security Instrument as a lien on tlie Property:(b)yeady leasehald _
<br /> �°�+��:.,�: payments or ground re�1s on the Property. if any; (c) yearly hazard ar praperty lnsurance premiums; (d) yearly flood
<br /> ��.,,;,,�,y,,, insurance premiums, if any; (c) yearly mortgage inaurance premiums. if a�y: And(t�any sums payable by Borrower to
<br /> ;:5:.,�';: • Lender,in accordance wlth the provistona of paragrnph 8,in lieu af the payment of mortgage insurance premiums. These
<br /> . L�4,��.,�. • „ ��
<br /> '�^'�- � items are called Escrow Rems• Lender may.at eny time,collect and hold Funds in an amount nW to exceed the meximum
<br /> � ��.4�: . —
<br /> ;���' amount a lender for a federaliy related mortgage loan may require for Borrowerk escrow account under the federal Rea
<br /> Estate Settlement Pracedures Act of 1974 as amended from time to time,12 U.S.C.§2601 et seq.("RESPA"), unless unother
<br /> � law�hat applies to the Punds sets n lesser amount. [f so.Lender may.ut nny time.collect uad hdd Funus in an amount not to
<br /> � "�'" c •ecd the Icsser umounl. l.ender mAy egtimate ihe amount of Funda due an the Besis af cum-m du�a and reaconablc � _ �
<br /> ��•;• ,= � esumates of expendilur�s of future�scrow Items or otherwise in accordunce with opplicuble law.
<br /> ' ' ,��, The Funds ehall bc held M an ins�itu�fon whose depoaitx ure inaurcd by u fcdcrol ugcncy,inairumemc�lity, ar entity
<br /> -� y, �:._ _ (including l.ender.ii Lender i�tiuch an intititulion)or in uny Frdcrul Hnmc L�►an Runk. I.cndrr xhull�pply Ihr FunJx Ic►puy `_.
<br /> .�� thc B�crow Itcmx. L.en�kr muy nnt rhargc Bcim�wcr f�M holding und upplying Ihc I�und�:,unnuully onulyiing ihc c+crow
<br /> �'':':`_:'..:': ``' uc�i�unl, or vcrifying the E�cmw Itcnu. unicsx l_endcr puy+ Horn►wcr imcrest on thc Fund� und upplicublc luw permils
<br /> %�`' Lcnder to mukc such u charge. tlawever,Lendc� may require BoROwer lu puy�i�m�-�imc rhurge GK un independent rcul
<br /> � .,,��+��;:•-��•'�•-��'� er+lu�c lux re�xttling�rvicc uxc�l by LenJer in connrctfun wflh thi.r laun,unlctix upplicuhlr luw rrovfdc�uthcrwix. Uolc.r•r an
<br /> , � ogreement iv made ar upplicuhlc luw rryuires intcresl�u be puid.Lendcr xhull nu1 t+e rcyuircd lu puy Hurn►wer Lny intcrest ur
<br /> � � curnings on thc Fund�. Harcuwcr und l.cnJcr muy ugr��in wridng,howcvcr,thut in�crc+�r+hull Ix�puid�m�hc Funds. Lendcr
<br /> � shall give to Borr��wer, wfthuw churgc,un unnuul Accaunting of thc FundK,xhowing crcdit�und debils to Ihe Funds und�he
<br /> ___ .�A�,:,, S.Y�(��.' Purpose for which each debit lo the Funds wa,�madc. The FLnds urc pledged as udditional�ecu�ity for nll sums s�ecured by
<br /> _—- -- thfs Sec�tity InRtrument. _
<br /> �;, -- • .-�
<br /> -= If �he Funds held by Lander exceed the amount� permitted to be heid by appiicabk iuw. L.t�ider;i�a accauri to _
<br /> --�� Borrower for the excesw Funds in accordc+nce wilh ihe requirements of applicuble law. If'the amount of�he Funds hcld by
<br /> ��� °��� ' � Lender at any time is n�t sufficiem to puy the Escrow I�ems when due,Lender may so notify Borrower in writing,and,in _^
<br /> — ""�r'• � ' such caise Borrower shull pay to Lender the amount necessary to make up the deficiency. Borrower shell ms�ke up the
<br /> : �, ' deficiency in no more then twelve monthly puyments,ut Lender g sole discretion.
<br /> =� •� U n a ment in full of all sums secured by this Security InStrument.Lender shall pmmptly rcfund to Borrower any
<br /> ��' �` � Funds hd by Lender. If,under paragraph 21,Lender shall acquire or sell the Property.Lender,prior to�he acquisition or
<br /> ' • ''�' " sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums ��=
<br />-- �. secured by this Security Instrument.
<br />- • ��'`;°" 3. Applleallon ot P�ayments. Unlexs applicable law provides otherwise, All payments received by Lender under
<br /> paragraphs 1 and 2 shull be applied: first,to any prepayment charges due under the Nate; second,to amounts payable under
<br /> �-.
<br /> ;t '""" paragraph 2:third.to incerest due;fourth,to principnl due;nnd last,to uny late charges due under the Note. -
<br />= 4. CharQes; Liens. Borrower shnll puy ull tazes, ussessments, charges, fines and imposiUons attributable ro the _.
<br /> _ �"'''. �� '• Property which ms+y attain priority over this Security lnstrument,end Ieasehold payments or ground rents,if uny. Borrower �::.
<br /> �_�E �; ,��.,�, shall pay these obligutions in the mnnner provided in paragrnph 2,or iP not paid in that manner,Borrower shall pay them on
<br /> „� : �� time directly to the person owed payment. 8orcower shnll promptly fumish to Lender ull notices of amounts to be paid under �=;r,
<br /> —_. • this paragraph. If Borrower makes these payments directly,Borrower shall promptly fumixh to I.ender receipis evidencing
<br /> ��: .•�"', :�r the payments.
<br /> � Borcower shull promptly dischnrge uny lien which hus priority over this Sccurity Instrument unless Borrower:(a)agrce�
<br /> . � ' - in writing to the ps►yment of the obligation xecured by the lien in a manner acceptable to Lender.(b)contests in good faith the __
<br /> �• � lien by�or defends ngainst enforcement of the lien in, legal proceedings which in the Lender's• opinion opemte to prevent the �,„
<br />;�� .. ��.'4�., �. n enforcement of the lien;or(c)secures from the holder of the lien an agreement sutisfuctory to Lender subordinuting the lien �`
<br /> , , . „ to this Security Instrument. If Lender determines that nny part of the Property is subject to a licn which may uttain priority �_°
<br /> � '
<br /> . a�-;k� ��� over this Security Insttvment,Lender may give Bormwer u notice identif yin g the lien. Borrower shall satisfy�he[ien or take W
<br /> �•�� one or more of the uctions sct forth above within 10 days of the giving of noticc. �•L
<br />��`' S. Hau�rd or Property ingurance. Rorrowcr shall kcep thc improvemcnts now c�;isting or hercafier erccled on the ��
<br />'`� � • • Propeny insured against loss by fire,hazards included within the term"extended roverage"und any other hnzards,including
<br /> floods or tlooding, for which Lender rcquires insurunce. This insurance shall be maintnined in the amounts and for the �.
<br /> :�._ " Form 30t8 9/9i !►wRe 2 nj6 pagesl
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