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<br /> ' . '�"'rT �"''�� TOC3EfHEIt WCfH all�he improvernente now or hercafter erected on�he property,und all eusements,appurtenances.
<br /> ' ... a- ond tixtures now or hereafter n part of the propeRy. All replacements and addi�lons ahnll also be covered by this Secudty
<br /> ����.>.: 1.. Inspument. All of the foregoing is refcrted to ln this Securlty Insbvment as the"Property."
<br /> , L . BORROWER COVENANTS tlwt Borrower is Ivwfully seised of the esate hereby convcyed and has the�ight to grant
<br /> • ° and com•ey the Property and thuc the Property is unencumbered,except for encumbrances of recorJ. Borrower wartants and
<br /> �. ,�:x;`� • wfll dofend generally the title to the Prope�ty ugoinat all claims and demnnds.wbjat to ony encumMances of record.
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<br /> • • � -�LL" THIS SECURITY INSTRUMENT combines unifortn covenunts for nutionnl use und non-unifortn covenants with �
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<br /> ?'�.�:�`: ° limited vutiutions by jurisdiction to constitute A uniform secudry instrument covering reol property.
<br /> �" �' '�Y UNIFORM COVENANTS. Borrower and Lender covenant nnd ugree�s foilows:
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<br /> - • _ � � , • 1. Poyment of Principal and ioterests Prepayment and Late Chor�es. Borrower shall promptly puy when due the
<br /> ��-�rt!��:�.';:.:,-'..°�b,:�;� principal of nnd interest on the debt evidenced by the Note and any prepayment and lum cherges due under the Note.
<br /> — � 2. FY�nds tor 7hxes and Iasurance. Subject to epplicablc law or to u writun waiver by Lender.Borrower shall p a y to
<br /> �,,: ' � "�;� Lencler on the day monthly payments arc due under the No[e.until the No[eis peid in full,u sum("Funds")for: (a)yeady
<br /> -� _ �, ,-�' ' � taxes and assessments which muy attain prioriry ovcr this Securiry insqvment as a lien on the Pmperty;(b)yeurly leusehold ---
<br /> i�±i�� � �� �A� payments or ground rents on thc Property, if any; (c) yearly hazard or property insurance prcmiuma; (d) yeurly flood
<br /> �� �: insursince premiums, if any; (e) yesuly mortgage insurance premiums, if�ny; �nd (� any sums payable by Borrower to
<br /> ,, . . ,p, Lender,in accordance with thc provisions of paragraph S,in lieu of the puyment of mortgage insurance premiums. These
<br /> __ • �% items aze colled"Fscrow Itemc." Lender mey,nt any time,collect and hold Ii�nds in an nmount not to exceed the maximum
<br /> amount a lender for a federnUy related mortgage loan may require far$or+�•���'s escrow account under the federal Real
<br /> ..""' ' Estate Settlement Procedures Act of 1974 sis amended from time to Ume. l2 U.S.C.$ 2601 er seq.("RESPA"),unless another
<br /> _ . _ - �k �. law that upplies to the FLnds sets a lesser amoun� If so.Lender may,at eny time,callxt and hold Funds in an amou�t nat to --
<br /> F • exceed the lesser amou�G Lender muy estimate the amounc of Funds due on the basis of curmnt data and reasonabla �'-r�=-
<br /> ;� esdmates of expenditures of future Escrow ltems or aherwise in accordence with applkable law.
<br /> ,,' '. , T'he Funds shnll be held In an institudon whose deposits nre insured by a federal agency, instrumentality,or entiry —
<br /> • (including Lender.lf Lender is such an institution)or in nny Federal Home Loan Bank. Lender shall apply the Funds to pay —
<br /> ^ . . � �' the Escrow Items. Lender may not charge Borrower for holding end applying the Funds, nnnually analyzing the escrow
<br /> �� � accoun�or verifying the Escrow Items, unless Lender pays Hortower interes[on �he Funds and applicAble law pertnits
<br />� �s - °—. rr::,:� Lencier w mu1�C sucl►u cbargC. Huwever,Lender may requin Borrower to pay a one-time charge for an independene nal �
<br /> ' , '�: estate tax reporting service used by Lender in connecdon with this loan,unless applicable law provides otherwise. Unle.ss en --
<br /> „ agreement ic mede or applicnble law requires interest to be paid,Lender shall not be required to pay Borrower any interest or
<br /> . � eamiogs on the Funda. Borrower and Lender rnay agree in wdting.however.that intenst shall be paid an the Funds. Lender __
<br /> " shall give to Borrower,without charge,An annual accounting of the Funds, sh�wing credits und debits to the Funds and the ==-
<br /> • • `' pu�pose for which esu:h debit to the Flinds was made. The Funds are pledged as addiaonal security for all sums securcd by
<br />- _ _ _ — this 5����ity Instn�ment.
<br /> ' • If the�unds held by Lender exceed the amounts permitted to be held by applicnble law, Lender shall account to
<br /> �. Borrower for the excess Funds In accordance wlth the requirements of applicable law. [f the amoune of the Fu�ds held by
<br /> ` •.,, , Lender at any time ia not sufticienc to pay the Escrow Items when due,Lender muy so notify Bormwer in wdting,and.io
<br /> � such case Borrower shall pay to[.ender the umount necessnry to make up the deficiency. Bortower shall make up the
<br /> • -ai,, deficiency in no more�han twelve monthly puyments,nt Lender's sole discretion.
<br /> '�K. � ° .: Upon payment in full of alt sums secured by this Security Instrument.Lender shall promptly refund to Borrower any ��'•°'�
<br /> � � Funds held by Lender. If,under paragrnph 21,Lender shAil acquire or sell �he Property,Lender,prior to the ucquisitian or F�� �
<br /> � . sale of the Property,shall epply ony Funds held by Lender at the time of acquaition or sale as a credit ageinst the sums
<br /> ' ' aecured by this Security Inswment.
<br /> ,;n,,,,�,,,,,;;_ .,�. 3. Application of Payments. Unless epplicnble law provides othenvise, all payments rcceived by Lender under '
<br /> �. '"'' •• � - paragraphs 1 und 2 sh�ll be applied: first, to any prepaymenc charges due under the Note;second.to amounts payable under �
<br /> �� • „ paragruph 2;thad,to interest due:fourth,to principul�1ue;und lust,to any IAce ch�rges due under the Note. -`
<br /> 1• 4. Char�es; Ltena. Borrower shall pay all taxes, assessments. chsuges,�nes nnd imposiuons atrributable to the `����:��
<br /> " '` PropeRy which may utts�n priority over this Secudty Insdument,sind leasehold payments or ground rents,if any. Horrower
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<br /> � ' ahall pay these obligutions in the msinner provided in paragrnph 2,or if not paid in that manner,Borrowcr shall pay them on ��'�.-
<br /> ' � , - �. time direcdy to the person owed payment. Borrower shnll promptly fumish co Lender�II notices of amounts to be puid under
<br /> � " s. this paragraph. [f Borrower makes these payments directly,Borrower sholl promptty fumish to Lender receipts evidencing �„�;:
<br /> . ""� .. . the pnyments. °r;�'.--
<br /> Borrower shall promptly discharge uay lien which has priority over this Security Inswment unless Borrower:(a)agrees �'�`"'_"
<br /> . ' in writing to the payment of the oWigntion secured by the lien in a munner acceptable to Lender,(b)contests in good faith the ti-
<br /> • lien by.or defends against enforcement of the lien in,legal proceedings which in�he Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from ihe holder of the lien an agreement suisfactory to Lender subordinuting the tien •���,:_
<br /> . - to this Securiry Inswment. If Lender determines thnt uny purt of the Property issubject to a lien which may anain prioriry :__
<br /> �' ' over this Securiry Inswment,Lender muy give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> ° , ay�:ir�'�'.� " one or more of the uctions sec forth above within 10 dnys of the giving of notice.
<br /> 5. Hazsird or Property Insurance. Borrower shall keep the improvemeMS now existing or he�nfter erected on the ,'V-`
<br /> . �. ." Property insured against loss by fue,hnzards inctuded within the term"extended coverage"and any other hsizurds,including
<br /> floods or flooding, for which Lender requires insurunce. This insurance shat 1 be maintained in the umounts and for the
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