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<br /> -- - -- - TO[iE7'NBR W[TH all lhe improvementa now rn'hereafter erer:tcd uu tiie p�'operty.and�II eascmcnts.ap�v�.:.nar�ccs, .—
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<br /> ----_------_--- -�_ anrl tiaturra now or hercaFter a part of the property. All rePiacements and addltions slwll Wao be coveral by thi4 Security
<br /> ``'�- In�ttument. All oP the foregoing is refe�scd to in this Securlty Instrumer.:a tlsa"Property." �
<br /> �T BORROWER COVENANTS that Borrower is lawfully seiced af the estate hereby conveyed and has the r�ght to grent
<br /> V� and convey the PtopeRy and that tho Property is unencumbemd,except for encumbrances of record. Borrower warrant�and
<br /> _ ` wW defend genernlly the dde to ihe Pmperty againct all claims and demands,subject to any encumbrances of r+ecord.
<br /> . __ _ - --- -
<br /> � THIS SECURITY INSTRUMBNT combines uniform covenanta for nadonal use and non-uniform covetwnt� with
<br /> limited varioUons by jurisdiction tu con�titute a uniform security instrument covering real property. —
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br /> :��•,.�� 1. Payment oi Priacippl nnd Intereat;Prep�yn�ent wnd Lpte C6arg�. HoROwer shali promptly pay when due the
<br /> -- ;� 'y principal of and interest an the debt evidenced by the Nate and any prepayment end late charges due under�he Note.
<br /> ���P�,. 2, F�nda for 7i�xes And Ineurance. Subject to applicable law or to a written waiver by Lender,Bnrrower shall pay to
<br /> � �'=�""�' I,ender on the day manthly paymenls ure due under Ihe Note.until the Note is paid in full.a sum("F'�nds")for:(u)yeerly
<br /> � taxes and assessments which may attain pdodty over this Secudty Instrument as a lien an the Propercy;(b)yearly leasehold
<br /> ��,�,,�.e„=��� payments or ground ��ents on the Property, if eny: (c) yearly hazard or property insurance premiums; (d) yeerly flaad
<br /> —�— f, .,,, inauranCe premiums. if any; (e) yearly mortgage insurance premiums, if any; and(�any suma payable by Borrower to
<br /> ��: , qy Lender,in accordance with the provisions of paragraph 8,in lieu of the pAyment of mortgage inaurance premiums. These
<br /> ltems aoe called"Escrow Items." I.ender may.at any time,collect wid hold FLnds in an amount not to exceed the maximum
<br /> .-s amount a lender for a federally related moRgage loan may require for 8orrowerh eacrow account under the federal Real
<br /> �� - ���-�.�� Estate Settlement Procedures Act of 1974 as amended fram time to time. 12 U.S.C.p 2b01 er seq.("RESPA"),unless suwther _
<br /> ��'"' ' ^ law that appliea ta the Funds sets a 18sser emount. If sa.Lender may,at any time.collect And hold Funds in an amount not to __
<br /> '"' ,�"x'`''�'"�'�'•`• exceed the leaser amount. l.ender may estimate the umount of Funds due on the basis of current deta and reasonuble -__
<br />. , .•+ ���`�i�'y`'�'.���^a y :. eatimates af expenditures of future Escrow Items or otherwlse in accordance wi�h applicable law.
<br /> = - The FLnda shall bc held in an institution whose de p osits are insured by a federal agency, inswmentality,or entity __
<br /> � `"��",�� � ^ (including L.ender.if I.ender is such an insdtution)or in any Federal Hame Loan Bank. Lender shall apply the Funds to pay
<br /> „ .,..�.:f:,^�^y� the Escrow Items. L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the eccrow _
<br /> �'� = • • ' ' account, or vedfying the Escrow Items, unless Lender pays Borrower interest on the Funda And applicablc law permits _
<br /> �+:. �.:�„�,'G` '� Lender to make such a charge. However,I.ender may require Borrower to pay a one-time cherge for an independent real R--
<br /> "�� :`,„:�a�e'''`• e s t e t e t e u re p o r t i n g s e rv i c e u s e d b y L.e n d e r i n c o n n e c t i o n w i t h t h i s l o a n,u n l e s s u p p l i c a b l e l u w p ro v i d e s o t h e r w i s e. U n l e s s a n =_.
<br /> �'i�"'''�'� "" °' � agreement is made or applicable law requires lnterest to be paid,Lender shall not be required to pay Borcower eny interest or
<br /> � •• " .;;:,.' ..: ' eamings on the Funds. Borrower and Lender may agree in writing.however,that interest shall be paid on the PUnds. Lender
<br /> 4;-,, y����, •_,�.� shell give to SoROwer.without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the _
<br /> ° :— -„.,,.;�,�,� purposc fur wi�ici�ca�L S�bft to ihe Funds was trtadc. 'Phc l�nds arc plydged as addisiona!securlty for a!!sums seruml by .-
<br /> ° ,. • thfs Security Inshument.
<br /> • ' " If the Funds held by Lender exceed the amounts pemtined to 6e held by applicable luw, Lender shell account to v
<br /> � . Borrower for the excess Funds in accordance with tNe requirements of applicable law. If ihe amount of the Funds held by —
<br /> �.�;,:,�.,` Lender at any time is not sufficfent to pay the Escrow Items when due.Lender moy so notify Borrower in writing,and, in
<br /> u . ;� such case Borrower shall pay to Lender the amount necessary to muke up Ihe de�ciency. Borrower shall make up the �
<br /> deficiency in no more thon twelve monthly pAyment�.at Lender�s sole discretion. �"'
<br /> ,._ �,��,,�..,,,,, Upon payment in full of all sums secured by this Security Tnstrument, Lender shall prompdy refund to Borrower any ��_
<br /> `„ ... .,,,_, . Funds held by Lender. If,under puragrnph 2 f.Lendcr shall acquire or sell the Properry, Lender,prior to the acyuisition or �,:.
<br /> t • ' , sale of the Property.shali apply any Flmds held by Lender at the time of acquisition or sale as a credit agai�st�he sums __�
<br /> � ;� ,, _,� secured by this Secudty Instrument.
<br /> 3. Application of Payme�ts. Unless applicuble law pravides otherwise, all payments received by Lender under �r_
<br /> ��, ' �wi �'' pazag[aphs 1 Md 2 shell be a�llied: first,to ony prepayment chorges due under the Note; second,to amounts payable under
<br /> • :.-.;�:.� paragrnph 2;third.to interest due;fourth,to principal due;and last.to any late charges due under the Nate. �`�"
<br /> ��•• � �,,, � � 4. Charges; I.lens. Borrower shall pAy all tAxes, ussessments, chnrgeti, fines nnd impositions uttributable to thc �,',
<br /> ' Property which may utwin prlority over this Security Instrumcnt,and Ieaschold paymcnt�or ground rcnts,if any. Borrower �__
<br />�•,' ��;a,� �, k, � shall puy these obligutions in the munner provided in pArngraph 2,or if not pald in Ihat mAnner,Bortower shall pay them on _:
<br />; �'° time directly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts to be pajd under -
<br /> � '�• ` . •� � � this parngraph. If Borrower makcs these payments directly,Borcower shall promptly furnish to Lender receipts evidencing �"`
<br /> ' �:.., the payments. -__
<br /> .. °., Borrower shail promptly dischnrge uny lien which has priority over this Security Insirument unless Borrower:(a)agrees
<br /> in writing to the payment of the obligAtion secured by�he lien in u munner accepwble to Lender.(b)contests in goad faith the =
<br />�'��.�' . �ia�"+�� lien by,or defends against enforcement of the lien io,legul proceedingx which in thc Lender's opinion operute to prevent�he
<br /> ' . ' enforcement of the lien;ar(c)securcs from the holder of the lien An agreement satisfnctory ro Lender subordinating the lien ��-
<br /> • . �-•�� �� a to this Security Instrument. If Lender determines that uny part of the Propeny is subjec�to a lien which muy uttain priority
<br /> • "" � „ `�,��.. '• over this Security Instrument.Lender may give Dorrowcr n notice iden�ifying the lien. BoROwer shall satisfy the lien or take �''�
<br /> ,. one or more of the uctions set forth ubove within 10 days of Ihe giving of notice. __
<br /> , S. Hazqrd or Properly Insurance. Borrower shull keep tlx�improvements now existing on c�rcafter erected on the
<br /> • .. Propeny insured against loss by fire,h;UUrds includcd wi�hin the tertn"rxtcnded coverage"and uny other hu�.arcls,including
<br /> � �'"•r floods or flood{ng, for which Lender requires insurnnce. This insurunce shall be maintnined in the amounts and for the
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