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<br /> 7'0(3E7'WER WITH al! the improvements now or hereafter erccted on the praperty.and ell easements,appurtenance�,
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<br /> �nd f�xtu�now or I�ere�ftcr e p�rt of the property. hll rcplocements wid addldone whall al�o be wvard by thir Secudty
<br /> - ------___- lnspument. All ot�t!►e foregoing fa rcCemed to in thls Secu�lty lnstrument as t6e»i�roperly...
<br /> ______���,,� BORROWER COVENANT3 that Borrowzr ia lawfully seised of U�e estete hc:rcby convcyed ond has�he dght to grant c
<br /> and convey the Property and tlwt tho Propetty is unencumbered,exapt for encumbrAnces of record. Barrower werrant�and
<br /> will defend generally Ihe t�tle to the Property aQainct all cltulms wnd demands,subject ta ony encumbrencea of record.
<br /> --_ _ _� THIS SECifR1TY IIVSTRUMENT combines uniform covenant9 far na�ionnl use ond non-unifixm covensnts with
<br />-- - Ilmited varlationa by Ju�sdiction to constitute a unifortn security inatrume�t cuvering rcAI property. `
<br /> --- UNiFORM COVBNANTS. Bareower and Lender covenor�t and agree as foliows:
<br /> _______—_ l. P�y�oent oiPrincipd and Iaterest;Prepayment Aad Late Chwr�es. Hortower shali pmmptly pay when due�he
<br /> ----- - princi af and iniercst on the debt evidencod by the Note and any prepayment and iate ch�uges duc u�ntcr U�e Noto. �
<br /> — � �IOdB�OP 7h7[!8 A111)I118Y1'AACC. Subject to applicable luw or to a wr�tten weiver by l.ender.Borrower ahall pay�o
<br /> -��� l.ender on 1he day monthly payments are due under the Note,until the Nate is paid In full,a sum("�nds")for:(a)yenrly
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<br /> " - "- - -' taxes and assessments which may attaln pdority over this Securiry Inswment as n lien on�he PropeAy;(b)yeiuly learehuld -
<br /> _--,.-.-�,.,� payment� or ground rents on the Property. If any; (c) yearly hazard or property insurance premwms: (d) ycarly tlood
<br />�,�� insurance premiums,if any; (e) yearly mortgegc insu�ance premiums, if any; and(� any sums payable by Borcower to
<br />�_��.�� l.ender,in accordanco with the provisions of psvagraph 8.in lieu of the payment of mortgage insurauce premiums. These
<br /> ---- -�;,�. items aro celled"Escrow Items." L.ender may,ut any time.collect and hold Punds in an amount not to ezceed the maximum
<br />-_�_-"-'_° emount a lender for a fe�►-ally relwted mortgage loan may require for Horrower`s escraw account under the federal Real
<br /> __� EsuUe Settlement.Pmcedures Act of 1974 as amended from time to dme, 12 U.S.C.�2601 et seq.("RESPA"),unless another —
<br /> __- _-�.�r��.� law that applies w the P1�nds sa�s a lesser amounG If so.l.ender may,at any qme,colixt and hold Funds in an amaunt not to __
<br />- --..�-�r��•�� exceed the lesser amount. I.ender may estimatc the amount of FLnds due on the basis af curtent data and reasonable
<br />-�� -�" '•=_-�.� estimates of eapenditw�es of future Escrow Items or otherwise in accotdance with appUcable law.
<br />�-�-1__W��-: � The f�nds shall be held in an institution whose deposits nre inxured by a federnl agency. instrumentality,or entiry
<br />.�-.��.,F�•,:.,i' (jnclading lxnder,if Lender is such an institution)or in any Federal Hame Loan Bank. Lendcr shall apply the Funds to pay
<br /> a.+�+�►�t;�. the Escrow ltems. Lender mey not charge Borrower for holding and applying the Punds, annually analyzing tha escrow
<br /> �',;;,���'��''''� � account, or verffying the Escmw Itemx. unless Lender pays Borrower interest on the Rmds and applicable law pennits -
<br /> �`"�'���' Lender to make such a charge. However�Lender muy reyuirc Borrower ta pay a one•time cherge for an independent real
<br />,, � • � estate uuc r�eporting service used by Lender in connection with this loan,unless applicuble law provides othenvise. Unless an
<br /> i��-- 4��4`^�._<�y ' egreement is madc or applicable law requires intcrest to be paid,Lender shall not be required to pay Bo�rower any interest or
<br /> . ,,; :� : '�, w� earnings on the FUnds. Borrower and I.endcr may agree in writing.however,lhat inteast shnll be paid on the Funds. Lender =
<br /> �'�• � shall give to Horrower, without charge,an annual accounting of the Funds.showing credits and debits to the Funds and the
<br /> purpose for whtch each debit to the Funds was made. The Fund�suc pledged as addidonal securiry for oll sums secured by
<br /> �,,,�.�:,�;rt sM:Security Iasuurnens.
<br />.~.'•�""',,, , N lf the Funds held by Lencler exceed the amounta permitted to be heW by applicable Inw, Lender shall nccaunt to
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<br /> ..•,,;s. . � Bomnwer for!he excess Funds in accordance wlth the tequirements of appl cable law. If the amount of the Funds iield y .
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<br /> , �,.:.• � Lender at any time is not sufficient to puy the Escrow Items when due,[.ender may so notify Borrower in writing, und,in
<br /> ' , such cose Borrower shall pay to Lender the umount necessary tu malce up th�deficfency. Borrower shall make up 1he
<br /> ';A:_;,,,'r:;�t,yit'�� deticiency in no more than twelve monthly pnyments,ut I.ender's xole discretion.
<br /> :�:`,� �+••• '`"'�'- Upon payment in full of all sums secured by th�s 5ecunry Instrument,I.ender shali prompdy refund to Borrower any •
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<br /> ' Funds held by Lender. If,under paragmph 21,Lender shall acquire or sell the Property. Lender.pdor to the acquisilion or
<br /> ''�.':'"'"'"'"'*"''"" sale of ihe Property,shall apply any FLnds held by Lender A1 the time of acqui�ition or aule ns a credit against the sums
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<br /> , � secured by this Secudty Instrument. �,,
<br /> ''' ��'" "'t`��' 3. Application of Plwymenta. Unless npplicuble law provides otherwise, all payments �+ecelved by Lender under Cr-
<br /> r'�:.�:,,,.:•�� peragrepha i and 2 shell be npplied:�rst.to uny prepayment charges due under the Note:second.to amounts payable under
<br /> �.`�'�":� .�.:::. paragruph 2;third,to interest due;fourth.to principul due;und last,to any late charges due under the Note. �
<br /> "�*�"'""'""'"""y""' 4. Charges; Llens. Borrower shall pay all taxes. assessments, cherges,fines s�nd impo�itions attributable to the
<br /> �'�l�-.� PenY Y P Y Y P Y S Y
<br /> �_�� • •• Pro which ma attain riorit ovcr this Securit Instrument,and lensehold u rnents or mund renlx, if nn . Barowcr
<br /> '""x"�� e shall puy these obligntions in the munner provided in paragrnph 2,or if not paid in that manner,Borrower shall pay them on
<br /> �` � '�' time dircctly to lhe person owed puyment. Borrower shall promptly furnish to L.ender nll naices of umounts to be paid under
<br /> �� this paragraph. If Bomower mokes these payments directly, Borrower shull promptly furnish to L.ender receipts evidencing
<br />� a� ,,;:�n:.;,, .� the payments.
<br /> Borrower shall promptly dischorge uny Ifen which has priority over this Secunty Instrument unless Borrower:{u)ugrees
<br /> .,,st�,�,,.. • in writing to the paymcnt of the obligation secured by�he lien in a manner acceptuble to Lender,(b)contests in good faith the
<br /> y�;�n•,: �� lien by,or defends Against enforcement of the lien in,legal proccedings which in the Lender;opinion opernte to prevent the e __
<br /> . - •°* ' enforcement of the lien;or(c)secures from the holder of the lien un ngreement swisfactory to Lender subordinating thc lien _
<br /> • ''�� ` ' to this Security InstrumenG If Lender determines thut any part of the Property is subject to n lien which mny attain priuri�y f
<br /> ��,: , over this Security Inshument,Lender may give Borrower n notice identifying the lien. Borrower shull satisfy the lien or take
<br /> '�`•. ���"' one or more of the actions s�:t forth above within 10 days of the giving of notice.
<br /> • . . 5. Huwrd or Property Insurance. Borrower shull kcep thc improvements now existing or hereafter erected on the �•_
<br /> , ._ Property insured agAinst loss by fire,haznrds included within the tertn "extended coveroge"and any other huzards,including �
<br /> • floods or flooding. for which Lender requires insumnce. This insumnce shall be maintain:d in the umounts and for the E_
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