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<br /> � s�°�--r TO(iG�T114�R WITIi ap the impmvcments naw or hercafter crec�cd on�he prnpeny,and o I cusementx,appunenances,
<br /> und fixlurc�now an c�rcwflcr w parl af the pmperiy. Ali repluccmcntw and udditfona ahall alr.o bo covered by this 5ecurity
<br /> - �� In�lrumcnl. Aii nf Iha Gae�ofn�is rcferred to in IhiK Securfty Ineln�ment us the"Property."
<br /> }' `''f',�:i"r' BqRROW@R COVENANTS�hat Bnrruw�r iR luwFully xci�ed af thc e�mtc hcrcby canvcycd und hav thc�ight w grunt
<br /> ��`.��•�a. , and convey the Pro�ny und thu� Ihe Pmpeny is unencumbercd,except for encumbmnces oi rec��rd. Borrower wanants�und
<br /> w#:-•�r•�...:w , will�1ePend general v the ti�le ta the Propaty against All cloims and demandx.rubjec�to wny encumhrunces of record.
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<br /> • �::f w •°' •�^• THIS SECURITY 1NSTRUM�NT combines uniPorm covennm, for nationnl use �nd non-uniform covenante with �_
<br /> �,�:; �'M."' limited vw�iations by jurlsdiction to canstiwte a uniForm secu�ity ins�rument coverfng real propeny. ----
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<br /> �,� UNIFOItM COVBNANTS. Barrower nnd Lender covensu►t und agrec ua fbllawv:
<br /> '� ""�'" " � �� ,, ,r 1. Rrymer,t of Principal�nd Intere�t=Preps�ymenl and Late Chnrges. Borrower shall promplly puy when due the
<br /> �;�J���r�'•-,�°•�� princi pl af and interect an the debt evidenced by the Note and uny prepuyment nnd late charges due under the Note.
<br /> �:. - ;- �� � Ftind9 for 7bxes and Insurance. Subject ta upplicablc luw or�o u w�itten waiver by Lender, Borrower shall pay to
<br /> � �� ;±- Lender on the day monthly puyments are due undcr the Nae.until thc Nota is puid in full,u aum("Funds")for:(a)yeurly
<br /> - - �"''` • � �•,,ri tuxes and assessmen�s which may attain priority over this Security Inxtrument us u lieo uu the Propecty;(b)ycarly Icaschold �_-
<br /> - �'��ti�':--�•-• paymenta or ground rents on the Property, ff uny; (c) yearly hnzard or propeny insurance premiums; (d) yearly ftaod
<br /> �,.;.�.:;:,,�;, ,:,.,� insurance premiums, if any; (e) yeady mortgage insurance premiumR,if smy; end (� uny sums pnyAble by Borrower to
<br /> •� � .� Lender,in accordance with the provisions of paragreph 8,in Ifcu of thc payment of monguge insuronce prcmiums. 'These
<br /> � �, � . . � items ore called"Escrow ItemR" Lender mAy,ut any time,collect and hold Fl�nds in an amount not to excaed the maximum
<br /> -•�' �° � �' " Amount a lender for a federally relate.i mortgage loam m�y requine for�Borrower�s escrow accaunt under the federal Renl
<br /> _-��� � �:��,r��- ` ��r Y E.clate Settlement Procedures Act of 1974 as amended from time to time,I 2 U.S.C.$2601 et seq.("RESPA"),unless another
<br /> -•�,. , Iaw that appltes to the Ei�nds sets u lesser amount. If so,Lender may,at eny time,collect and hold Funds in an amount not to �
<br /> ° ' • eaceed the lesser �mount. I.ender may estimate the umount of Plinds due on the bnsis of current datu ond reasonable -
<br /> . . � estimares of expenditures of future Escrow Items or otherwise in�ccordAnce with applicuble luw. _
<br /> ' The FLnds shall bc held in an institution whose deposits are insured by a federnl agency, instrumentality, or entity �-
<br /> ' � (including Le�der, if I.ender is such an institution)or in any Federal Home Loan Bank. Lender shnll apply the Funds to pay - -
<br /> , . c;";�� the Escrow Items. Lender may not charge Borrower for holding and applying 1he Funds,annually analyzing�he escrow
<br /> " account, or verifying the Escrow Items,unless l.ender puys Borrower i�terest on the Funds and applicable law permi�s —
<br /> ' ' ' �� ,. '""``'' I.ender to make such u charge. However, Lender may require Borrower to pay a one-time charge for an independent rcal �`_-
<br /> ' estate tax reporting service used by L.ender in connection with this loan,unless applicable law provides otherwise. Unless en �
<br /> � ' • agreement is made or applicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or
<br /> • •r,'•'�� eaminga on the li�nds. Borrowcr and Lender may agree in writing.however,that interest shull be paid on the Funds. Lender --
<br /> ` a'� ,� t" shall give to Bortower.without charge,nn annual accounting of the Funds,showing credits and debits lo the Funds und the --
<br /> ' " �•`• � purpose for which each deblt to the Funda was mude. The FLnds are pledged as additional security for all sums secured by
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<br /> - �-$-. ''•,��. �'_ thiR Sr!�nrity instrumeni.
<br /> '� ' " � If the F1mds held by Lcndcr cxcecd ihe amounts permitted to be held by applicable law, Lender shail nccount t�
<br /> � . Borrower for the excess Funds in accordance with the requirements of applicable law. If the umount of the Funds held by _
<br /> 8��� ; � . � Lender at any time is not sufficient to p�y the Escraw Items when due,Lender may so notify Borrower in writin�,and,in �
<br /> such case Borrower shall pay to Lender the amount necessnry to make up �he deticiency. 8orrower sh�ll make up the
<br /> :'��?, � de6ciency in no more thnn twelve monthly puyments,ut Lenderk sole discretion.
<br /> " � Upon payment in full of nll sums secured by this Security Instrument,Lender shall promptly refund to Borrower uny
<br /> . ; Funds held by Lender. If.under pamgraph 2l,Lender shall acquire or sell the Properly. Lender,prior to the ucquisition or �_
<br /> • • ^ sale of the Property,shall apply any Funds held by Lender At Ihe time of acyuisition nr sale ns a credit against the sum� _
<br /> ' � secured by ihis Security Instrumenl.
<br /> o�,:�•� '••• 3. Applkation of Paymenls. Unless applicablc law provides otherwisc,ull puymentx received by Lender under �Y
<br /> ��' • parugruphs 1 and 2 shall bc upplied:first,to any prepaymcm ch;ugr�duc under the Note;second,to umounts payuble undcr �
<br /> �' parasraph 2;third,lo interest due;fourth,tu principal dur;and lact,to any I�te charges due under the Note.
<br /> �' • � . 4. Charges; Liens. Boirower xhull pay nll taxes,u�cessments,charges, fines and impositionc attributuble to the �
<br /> ; ' ` , Property whieh mny attain priority over this Sccurity Instrument,and lea�ehold paymenls or graund rents,if;uiy. Borrower -;�.
<br /> �, ;�4�;: shall pay these obligations in the manncr provided in paragr�ph 2,or if not paid in that munner.Borrowcr shall pay them on
<br /> • • �� time dircctly to the person owed puymen�. Borrower shull promptly furnish to Lender all notices of amount�to be paid under • -
<br /> ' ' ^ this parngraph. If Horrower makes these payments dirertly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> °. the payments. �9i!.._
<br /> ,. Borrower shall promptly di�churge any lien which has priority over this Seruri�y Instrument unless Borrower.(a)agrees �=�'
<br /> , in writing to the payment of the obligution secured by the lien in a manner acceptable to Lender;lb)contes�s in goai fuith the •.�_
<br /> , �;:�. o • lien by,or defends nguinst enforcemeot of the lien in,Iegal proceedings which in the Lender;opinion aperate to prevent the
<br /> ,' � s ° �i ; enforcement of the lien;or Ic)secures from the holder of the licn an usreement sali.faciory to Lender�ubordinAting the lien
<br /> . �• . to this Security Instrument. If Lender determines that:uiy pan of the Property is subjecl to a lien which muy att�in priority .
<br /> ' over this 5ecurity Instrument.Lender mny give Borrower a n�i[ice identiFying the lien. Barrower shAll satisfy the lien or wlce L:::
<br /> ��' one or more of the actions set fotth above within 10 days of the giving of notice. ��
<br /> 5. Ha�rd or Peoperty Insurance. Borrowcr shall kcep thc impruvements nuw exi.ting or hereafter erected on the �
<br /> Propeny insured agains�loss by fire,hs�zards included wi�hin the tertn "extrndrd covcrr�r" and any oiher hozards,including
<br /> ' r floods or flooding, for which Lender rnquircx in�uruncc. Thi.insur.�ncr .hall hr maintuinrd in the :u�wunts and for the
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