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<br /> _ 1'OQ87'HER WITH all the improveme�u now or heneafter ercctod an thc propcRy�And All eacament�.appurtenancc�,
<br /> ________ _� snd flatura now or l�eres�ftcr t�port oP the propetty. All�+eplaccment�ond additions ah�ll alco be cove�od by this Secudty
<br /> Uatnunent. Ali of tAe tote�oing�e netemed ro in thic 5ecunry i�aument u�tho.'Pr��y" `�
<br /> -- — -- BORROWBR COVENANTS that Borrower ia iuwfully seiced of�hc estatc hereby conveycd wtd hos the dght to grant
<br /> u�d convey the Property and that tha Propetty it unenCumbered,eacept for encumbrancea of record. Borrower warranu�and
<br /> -�3 -- will dei'rnd Qeaerally liw tille to tha Property against�!1 cluims and demandA,subject to any encumbrances of record.
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<br /> --- � THIS SECURITY INSTRUMENT combincs uniform covenants for nallonal usc nrid non•unlfornt covcnonte with `
<br /> �"'a �imited variaHonr by judsdiction to corintitute a uniform security instrument covedng reul propeRy.
<br /> ° UNIPORM COVF.�NANTS. Borrower and Lender coveneni and agree as foliowe:
<br /> __ __ .. ._,___. _ _ _ 1. Ywyment of P�Cipal�nd Iaterest;Prepsyment Aad LAte Char�ea. Bortowar shall prampUy pay when due Ihe
<br /> _ ______ ,�,e�,,_..�,x�.�m,�,,; principal of and inurest on the debt evidenced by the Note and any prepAyment and la�e chorgea duc wnlar U�c No��. �
<br /> ---�;�rr�.��� 2. Fbnd�fa�71�xes pad Inewrrnce. Subject to applicable law or to a wdtten waiver by Lender,Borrower shall pay to
<br /> _ -- --°—__ Lend�r on thc day monthly payments at�e due under the Note,untll the Note!s paid in full,a sum("Funda")for. (n)yeariy
<br /> —"°�`� ta�ces and assessments which may attain priotity over this Sec:uriry Inswment as a lien on the Property;(b)yeurly IeaseNold
<br /> �'""`� -- payments or gtou�d rcnts on th� Property. if any; (c) yearly hazard or property insurance prcmiums; (d) yearly flood
<br /> inaumnce premiuma.if eny; (e)yeurly mortgage insurance premiums. if tuty; and(�any suma payable by Borrower to
<br /> l.ender,in accordance wlth the provisiona of pazagraph 8.ln Ueu of the peyment of matgage insurance premiums. These -
<br /> items are called"Escrow Items." Lender may,at any time.collect and hold Funds in en amount not to exceed the maaimum
<br /> amount u knder for a federally related mortgage loan may require for Borrower s escrow account under the feckral Real
<br /> - Esrote Settlemen�Procedures Act of 1974 as amended from dme to time, 12 U.S.C.Q 2601 et seq.("RPSPA").unless another
<br /> '^- �°� ,��. Sk�i law that appltes to thc FUnda seta a lesser amoun� If so,Lender may,at any time,collec:t unJ hold Funds in en amount not to
<br /> � `''' eaceed 1he lesser amount. Let�der may estimate the amount of I�nds due on the basis of current dAta and nasonable
<br /> � #,,t;_;,', ,,,• ._ esdmates of expenditutes of future E.gcrow Items or otherwlse in accordance with applicAble law.
<br /> The PUnds ahall be held in an institution whose deposits are insured by a federal agency,instrumentelity,or entity
<br /> -_.. +�""�" (including l.ender.if Lender is such an institudon)or in any Federal Home Loan Bank. I.ender shall apply the Funda to pay
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<br /> ;,.._A�,n;.;.,,., the Escmw Items. Lender may not charge Borrowar for holding and applying the Funds,annually analyzing the escrow
<br /> • .�r1�,i account, or vedfying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> ��"-�'`�•,�' Lender to make such a chargc. However,L.ender may rcquire Bormwcr to pey a one-time charge for an independent real
<br /> � %r*� �'�' eatate tax reporting service used by L.ender in connection wfth this loan,unlesa appljcable law provides otherwise. Unless an
<br />- _ agnr.mr.nt ia mndn�r applicnl►Is law requires intetest w be paid.Lender stiell nat be required to pay Borrower any interest or
<br /> _ y �� � • -.r_ earntngs on the Pundc. Borrower and Lender may agrec iu wrlting,however,that intcrest shall be paid on the Funds. Lender
<br />- �` ° '�� shall give to Borrower.without charge.an annual accounting of the Funds,showing credits and debits to the Funds and the
<br /> ==^�-_ . , ._ pwpose for which each debit to the Phnds was madc. The Funds are pledged as additional securiry for ell sums secured by
<br /> ��J�';�?�:�;;�"`'.'�,';.�'•'��. this Securiry Instrumcnt.
<br /> ' if the P1mds held by Lender exceed the amounts permined to be held by npplicable law, Lender shnli account to
<br /> , ,y�7 . Borrower for the excess Funds in accordance wlth the requir+ements of applicaWe law. If the amount of the Funds held by
<br /> .• �'� , : Lender at any time is not sufficient to p�y the Escrow Items when due.l,ender may so notify Borrower In viriting,and,in
<br /> such case Borrower shall pay to Lender the umount necessary to make up the deficiency. Borrower shall make up the
<br /> . �P ,. deficiency in no more than twelve monthly payments,at Lender's sole discret�on. _
<br /> ' • `��: . � Upon pnyment fn full of all sums secured by this Security Instrument,Lender shall prompdy refund to Borrower uny
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<br />. �..� :��' 'K�'. ''� 4J Funds held by Lender. If,under parngraph 21,Lender shall ecquire or sell the Property,Lender,prior to the acquisition or =_
<br /> -y.t'�=�•�- sale of the Property,shall apply uny Funds held by Lencler at the time of acquisition or sele as a credit against the sums
<br /> � �� � �� secured by�his Secudry[nstrument. _
<br /> } C . .�;;' r:�''`�. 3. Appltcatioq of Payments. Unless applicable luw provides otherwise, nll payments �eceived by Lender under �=:
<br /> _ ,_-, .r-a:-�'-- - paragraphs 1 nnd 2 shall be applieci:firs�,to any prepayment charges due under the Note;second,to emounts payable under
<br /> = � r : � ° ' �.x paragraph 2;third.to interest due;fourth,to principal due;nnd la.gt,to uny late charges due under the Note.
<br /> �''�'"�'r��-�•• `"'�� 4. CharQe9; Llens. Borrower shaU pay all taxes, nssessmentx, churges, fines nnd impositicns attributable to the
<br /> ,�!"" "`� - ' " Property whic:h may attain priority over�his Security Instrument,ond Icusehold paymen�s or ground rents,if any. Horrower __
<br /> { i'"`'• ."�•`"' r'" shall pay these obligations in the manner provided in parngrnph 2,or if not paid in that manner,Borrower shall pay them on
<br />� �' ' °: ,•• • ` time direcdy to the person owed payment. Borrowcr shnll promptly fumish to Lender all notices of amounts to be paid under
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<br /> . • this paragreph. If Borrower makes these puyments directly,Borrower shall promptly t'umish to Lender receipts evidencing
<br /> � � ., ^ the payments.
<br /> . .� Bonower shall promptly discharge any lien which has prioriry over this Security Instrument unless Borrower:(a)agrees
<br /> �- " in writing to the payment of the obligation secured by Ihe lien in u munner ncceptnble to L.ender,(b)contests in good faith ihe
<br /> ���'. -��= - �--t�� 1i811 by,or defends aguinst enforcement of the lien in,Icgul proccedings which in the Lender's opinion opemtc to prevent 1he p
<br /> • �'�"•�' enforcement of the lien;or(c)secures from the hdder of the lien nn agreement satisfactory to Lender subordinating tBe lien _
<br /> . '.�: � ° „ to this Security Inswment. If L.ender determines ihat uny pan of the Propeny is subject to u lien which may uttnin priority =
<br /> �y. over this Secutiry Instrument,Lender may give Bortower A notice identifying the lien. Borrower shell satisfy the lien or take °
<br /> , one or more of the actions set forth above within 10 duys of the giving of notice. _
<br /> � S. Haz�rd or Property Insurance. Borrower shall keep the improvements now cxisting or hereufter erected on the =
<br /> Propeny insured agAinst loss by fire,hazurds included within the term"extended coverage"�nd any other hazurds,including f
<br /> ` :' � � 6�� � tloods or flooding, for which Lender requires insumnce. 7'hix insurnnce shall be maintained in the umounts and for the �'
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