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<br /> ' 7'OQETHEIt WITH ell the improvemcntc�w oA'Ix�reAloccm n�und additpiar�� shall�lso1bc covecir.J b ptPhic Security
<br /> - - u�d tixtura�aow or hereafter�part of thc prope Y• P
<br /> In�ument. All of the foregoin�is teferrcd to in thia Secutity Inswment ax thc"F'ro{+er1y.« _
<br />- BORROWER COVENAN'iS that 8orrowct is lowfully seised of thc cstatc hcreby conveyed nnd has thc ri�ht to gr��t
<br /> ' r" '�� and convey the Property und�hat t1�e Praperty is uaencumbercd,except fbr cncumbrancea ai recard. Barower w�urrntc wid
<br /> wlll defond generally the title to the Pmpeny agafnst all cloimr�uxl demnnds.r��bject to any encumhranccs af rccard.
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<br /> +.:.uu THIS SErURITY INSTRUMENT combines uniform cavenents far nrlional use and nan-uniform covenrnts with
<br /> "' Umited variaUons by jurisdiction W constiate n unifunn su�curity instrum�:nt cuvcring r propcity -_- -
<br /> ���-- IMiFORM COVENANTS. Bomnwer snd Lender cavenent and agree us iolluwa:
<br /> r,.�f � 1. Payment oP Prindpal aad IateresN Prepoyment ead Late Chp�ea Borrawer ahull promptly puy when due Ihc
<br /> �•�✓� ` '' principal af and interest on the deM evidencod by the Note and any prepaymeot and late charges due under Ihe Nae.
<br /> - 2. kLnds for 7lwxes and Insurnnce. Subjoct to upplicablc luw or to�wrltten waiver My l.ender.Borrower 4hull pay to
<br /> ,�+� l.ender on the day monthly payments are due under the Note,until the Note is paid in full,u sum l"Fund.�')fbr.(a)yeorly
<br /> - �;:�_�;� waes and assessments which may anain priority over this Security Instrument as a lien on Ihe Propeny;(b)yearly leasehold F_
<br /> �--- --°-- payments or ground rents on t6e ProPenY. if eny; (c) yearly haxurd or property insurancc premiums; (d) yei+rly Oo«I
<br /> insurance premiuma, if any: (e) yeariy mortgage insurance premiums. if uny; und U) any sums payable 6y Borrower to
<br /> ����� l.en d er.i n a c c o r d a n c e w i t h the p r ovisions of p a r agraph 8.in lieu of the payment of mortgage insurnnce premiums. 7liese
<br /> � �.��+n.:;;�.��,�w, items are called'Escrow Items.' Lender may,at any time.collect end hold Funds in an amount not[o exceed the maximum --
<br /> ' �����--'»• ' �- nmount a lender1for a feders+lly reloted mortgage loan may rcquire for Borrowerk escrow account under the federal Reul
<br /> '�""�`'`" � ''� Eswte Settlemcnt Procedures Act of l974 as amencled from time to time,12 U.S.C.�2601 e�seq.("RFSPA"),unless another �__
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<br /> ' ''�`�.;; �' ` law that applies to the Punds seta a lesser amount, if so.�.ender may,at any time,collect wid hold Funds in an omount not to _
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<br /> ";-!:. eaceed the lesser emount. Lender may euim.,,e the u:.ount ol Flu�is due �n the basis af cument data and rcasonable �
<br /> �-,�:�„��•�,� estimates ot'expenditures of future Escrow Items or otherwise ln accordance wiu�applicable Inw. �_;
<br /> - ���•• .� The Funds shall be held in an instiwtion whose depasits are inaured by a federal agency. instrumenwlity,or entity
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<br /> " � �'r': (including l.ender,if Lender is such an in�titution)or in any Federnl Home Loan Bank. Lender shall apply the Fun s to pAy __
<br /> ' � �'° the Fscrow Items. I.ender may nat charge Borrower for holding und applying the Funds, annunlly analy�ing�he escrow �____.
<br /> '..�.....o tit!s,��c�_� F� ——
<br /> 's;,::�_�,_*,' accoun�or verifying the Escrow Items. unless[.ender pays Borrower interest on the Funds and applicable law pemiit� --
<br /> ...•..�+.. � Lender to make such a charge. However,l.ender may require Bo�rower to pay a one-time ch�rge for an independent real �.
<br />_�= . '� estate tau repordng service used by I.ender in connection wilh Uii�loan,unlc:ss applicable la�v pro��Ides olherwiFe. Uniecs an �^
<br /> � ��-� pgreement is madc or applicable law requires interest to be paid.Lender shail not be required to pay Borrower any interest or _.....
<br /> k'�,:;'•-. � ";x`;' eamings on the Punds. Borrower and Lender may agree in writing,however,that interest sha116e paid on the Funds. Lender �.;�_
<br /> .. ., shall give to Borrower,without charge.an annual accounting of the Funds,shawing credits and debits to[he Funds and the —.
<br /> .'.�� , purpose for which each debit to the Funds was made. The Punds ore pledged as rdditional security for�11 sums secured by
<br /> ' �:�. •Y.. .: this Securiry Inswment.
<br /> ~ If the Funda held by I.ender exce� the amount� ���iti+tini to be hcld by applicable lasv. Lender shall ar��um� �o __
<br /> Borcower for the excess FLnds in accordance with�he rcquirements of applicable law. If the amount af the Funds held by —
<br /> - � �,`�,,„ . ,.,.,; Lender at any time is aot sufticient to pay the Escrow Items when due,Lender mny so notify Borrawer in writing,and. in
<br /> -- ,. such case Borrower shall pay to Lender 1he amount necessnry to m�lce up the deficiency. Borrower shull make up the _
<br /> � x� � deflciency in no more than twelve monthly ps+yments,pt Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower Any «n,
<br /> -.Y' ,�S'� •���•��•�•�•;� FUnds held by l.ender. If.under paragraph 21,Lender shall acqui�or sell the Property,I.ender,prior to the acquisitiun or �°:�.,_
<br /> -,, n . ' 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 /> + �`-`°`• • securcd by this Security Inswment.
<br /> � ' •-�.Y• 3. Applicatbn of Payments. Unless applicnble law provides otherwise, all pAyments received by Lender under � ,
<br /> -�• •�::•. pazagraphs 1 and 2 shull be npplied:first,to any prepayment churges due under the Note;second.to amounts payAble under
<br /> - � �� � paragraph 2;third,to inte►�est due;fourth,to principal due:and Inst,to any iate charges due under the Note. �;%�;
<br /> �� y,. ' 4. Charges; Liens. Borrower shall pay nll taxes, ussessments,charges, �nes and impositions attribuu►ble to the _
<br /> „;�� - property which may anain prioriry over this Sccurity Instrument,and leaschold payments ar ground rents,if any. Borrower �-
<br /> �_� �"' shall pay these obligations in the manner provided in puragr�ph 2,or if not pa i d in t hot munner,Borrower shall pa y them on
<br /> � �� ;.:•. '� time directly to the person owed payment. Bortower shall promptly fumish to Lender all notices of amounts to be paid under e�
<br />-�-s� � .W� -�. this paragrnph. If Borrower makes these paymentc directly,Borrower shull promptly fumish ta Lender receipts evidencing
<br /> ;�.�, the payments.
<br /> °�. � Borrower shall promptly discharge Any lien which hus priority over�his Security Instrument unless Botrower:(a)agrees
<br /> . .. in writing to the payment of the obligation secured by thc lien m u manner ncceptnble�o Lcnder,(b)contests in gaod fui�h thc __
<br /> � ""l� " � . � lien by,or defends against enforcement of the lien in,legal procecdings which in the Lender ti apinion opernte to prevent the �: ��
<br /> •��- �•'• enforcement of the I�en;or(c)secures from the holder of 1hc lien an agreement�atisfnctory to Lender subordinating the lien
<br />_��� ��•:�� • to this Security Instrument. lf Lender determines that any purt of the Property is subject to a lien which muy attain prioriry �
<br />= ����� over this Securiry Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall sutisfy the lien or take -
<br /> one or more of thc uctions set forth abnve within !0 duys of the giving of notice. -`r
<br /> _„ �••- . � ' S. Hazard or Property Insurance. Borrowcr shall kct:p the improvemcnts now existing or hereafter erected an the �� ~
<br /> , ' ; Property insured agninst loss by fire,haz�uds included within the tertn"eztended coverage"and nny other hnzards,including
<br /> '�� -�� �� � ' floods or flooding,for which Lender requires insurance. This insurance shc+ll be muiniained in the amounts and for the
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