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<br /> -�. '1'O(3�7't1ER WITN 4111ho impravemenls now or hereafter erected an Ihe propeny.und all eo�ememR,appurtenwncc�,
<br /> " -- -� nrxl Axmrr,nnw nr hereefler e pen oP the pmpeny. All reM+icements and udditiuns stwll alco be covercd by thie Secudty
<br /> In�uument. All of U�e fa+egoing ia rcfemed to In thi�Security lnswrrwnt w►the"Property."
<br /> � BORROWER COVENAfYTS that Bomower is luwfully seised of the estetc hercby wmcyed wul hua Ihc right ta grant
<br /> - �nd convey 1he Property and that Ihe Prope�ty Is uncncumbeted,exce�t for cncumbrunces aP record. Borrower wrrrrntQ and
<br /> p_� will defend genenlly the Hde to the Property ag�in.�►all claim4 and demsu�dc,cubJect to any encumbranees�f rccord. m_
<br /> �, �� THIS SECURITY WSTRUMENT combines uniform covenants far nallon�l use and nan-uniform covena�ur wilh
<br /> - limited variatlons by judsdictian to constitule a uniforrn cecurity instrument covering neAi property.
<br /> ._ �. UNIFORM COVBNANTS. Borrower and Lender covenant and agnee ax follows:
<br /> _-_- -- _----,-_-_____: _, 1. Payment o!PAndpal aad latere�ti PreW�yment rnd Lote Ch�ea. BoRC►wer xhull promptlY paY when due tho
<br /> ��`;4�� principal of and interest on thc debt evidenced by the Note and any prepayment und latr chnrges duc under thc Nac.
<br /> _T„�,.,,r� 2. Ftinds for 7luces aad Insu�nce. Subjecl to applicable law or to u written waiver by Lender,8orrawer$h�ll ps�y to
<br /> � Lender on the day monlhly payments are due under the Note.undl the Note ia paid In full,a sum("P1mds")for:(a)ycarly
<br /> —=�,;�;•��� taxes and assessmenta which may attain pdodty over this Security Insuument ns v lien on thc Property;(b)yesvly leacehold
<br /> --�;m�, �_::r� payments or ground rents on �he Property. iF any; (c) yearly hazard or property insurance premiums; (d) yeurly tlood
<br /> �-�•�� insurnnce premiums, if any;(e) yearly moRgage Inswance ptemiums. if any; and (� any aums payable by Borrower to
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<br /> �:��,:.i'_..:.;:� Lender,in accordance with ihe ptovieions of paragaph 8.in lieu of ihe payment o f mongage insurance prem iums. T h ese
<br /> _��-��' r` items are called"Escrow Itema." l.ender may,at any time.collect and hold Flmds in an amount not to exceed the mauimum
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<br /> ��y;d-�-:�r<, �y.;� amount u lender for a federally mlated mortgage ban may require for Borrower�s escrow account under ilie tederal Real
<br /> __ --�._�. .; E.4iqte Settlement Procedures Act of 1974 as amended from Ume ro time, 12 U.S.C.§2601 er seq.("RESPA"),unless wwtl►er =
<br /> - ���''��T law that applies ta ihe Phnds seta a lesser amount. If so,Lender may.at any time,collert and hold Funds in an amount�ot to
<br /> ;:�° exceed the lesser amount. l.ender may esUmete the amount of Funds due on the basia of curcent data and reyconabk
<br /> �'� �t•��"�� � ' estfmntes of expenditures of future Escrow ltems or otherwise in accordance wlth upplicable law.
<br /> �� �� � � • �� The FY�nds shall be held in en institutlan whose deposits ure lnsured by a federal agcncy,inswmentulity, or endty
<br /> - i�''���'`" ' •� (including Lender,if Lender is such an institudon)or in eny Federel Home Loar�Bank. Lender shatl apply 1he E�nda to pay
<br /> � �` the Escrow Itema. Lender may nat charge Borrower for holding and applyjng the Funds,annually enalyzing the escrow
<br /> _ ,�, '�►':.;<::�-.;,,..+•:.� account.or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable luw permits
<br /> �� ' Lendcr to make such a charge. However,Lender may reyuire Borrower to pay a ane-time charge for at�independent real
<br /> - ^•��a. � � .; ,�: esWte uuc reporting setvice used by Lender f�i connection with this loan,unless applieable law provides otherwise. Unless an
<br /> _ '`'`."'•• ;'� , egreemcnt is mude or appllcuble law mquires interest to be paid,Lender shall not be nequired to pay Borrawer any interest or
<br />.�;� � �- ° � � � eamings on the FLnds. Borrower and Lender may agrec in writing.however.that interest shall be paid on the Funds. Lender
<br /> �-„���_,- shall Sive tn Borrower,wi[hout charge,an annual wccounting af the Punds.showing credits and debits to the Funds and iho
<br />.-- --_.>,�;-_ :=-.. }swpasc far which cath dcbit to the Htnds v:ss made. The 4�nds ere pledg�AA Addi�i�rwi xecuriry for all sums secured by
<br /> . � this Security Inswment.
<br /> " � -� If the FLnds held by l.ender exceed the Amounts permitted to be held by applicable law, Lender shall uccount to
<br /> ' Borrower for the excess Funds in uccordance with�he requirements of appitcable law. If the amount af the Funds held by
<br /> Lender at any time is not sufticient to pay the Escrow Items when due, l.ender may so notify Borrower in writing,and,in
<br /> . , `+��'# �`� � such case Borrower shall pay to Lender the umaunt necessary to make up the deficiency. Bomower shall make up�he
<br /> �- deficiency in no more than twelve monthly puymenls.at Lender's sole discretion.
<br /> .:Y' � >'�''. � . •• Upon payment in fult of all sums secured by this Security Instrument,Lender shall prompQy refund to Bo�rower any
<br /> � • - Funds held by I.ender. [f, under paregraph 21, Lender shall ncquire or sell the Praperry,Lender,prior to the acquisition or
<br /> • �� sale of thc Property. shAll apply any FLnds held by Lendcr at the time of acquisition or sele as a credit against the sums
<br /> � � Z'�,, secured by this Securlry[nstrument.
<br /> , " , 3. Applieation of Payments. Unless npplicuble law provides otherwise, ail payments received by Lender under
<br /> �� :- • ���'h �: _ . -.. ,, parngrttphs l and 2 shall be applied:first,to any prepuyment churges due imder the NotP;c�rond,t�nmounla payable under �_
<br /> � � x. paragmph 2;third,to interest due;fourth,tu principul�ue;suiJ last,to nny letc charges due under the Note.
<br /> �j- ' 4. Charges; Llens. Borrower shull pay all taxeti,ussessments, charges, �nes and impositions attributuble to the
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<br /> ,�� ., � „ Property which mey uttuin priority over this Security Instrument,and IcASChold puyments or ground rents, uny. orrower —
<br /> �: j 7�Y•w; • „ shall pay these obliga�fons in the mnnner pravided in pumgrnph 2,or if not pnid in that munner.Borrower shall pay them on
<br /> t,.,, • :' time directly to the person owed paymcnt. Borrower sholl promptly furni�h to Lender all notices of amounts to be paid under
<br /> . . � this paragraph. If Borrower mnkes these payments directly,Borrower shnll promptly fumish to l.ender receipts evidencing
<br /> ° w, tite paymems. _
<br /> � Borrower shall prompdy discharge any lien which has priority over this 5ecurity Inslrument unless Borrower:(a)agrees
<br /> � in writing to the payment of ihe obligation secured by the lien in u manner acceptnble to Lender; (b)contests in gaad fnith the -
<br /> '`��_ ' "`° °' . lien by,ar defends agalnst enforcement of the lien in.legal praceedings which in thc Lender's opinion operate to prevent the
<br /> �' ' ' � enforcement of the lien;or(c)secures from the holder of the lien un agrcement sutisfuctory to Lender subardinating the lien _
<br /> � � ' to this Securiry Instrument. If Lender determines thut uny pan of the Propecty is subject to a lien which may uttain priorily t�
<br /> � ,�,,t� . ovcr this Security Inswmen6 Lender mny give Borrower a notice idcntifying the lien. Borrower shall satisfy the lien or take `•�
<br /> ,;,�;;�:`�`` one or more of the uctions set forth above within 10 days of the giving of notice. .�.
<br /> � _ 5. Ha�ard or Properly Insura�:ce. Borrowcr shull keep the improvements now exisiing or hereufter erected on the
<br /> � Property insured ngainst loss by Gre,hazsirds included within the term"extcndcJ covcrs�ge"und any other hazurds,including �`
<br />: s � �- o floods or flooding, for which Lender requires insurance. This insurunce shull be muinteined in the umounts and for the __
<br /> �
<br /> ,a Form J02N 9/9p 1 page 2 nj6�wgtsl �_
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