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<br /> — - - TppE77�p.R WITH all Iho improvcmcnt�now or hercuftcr crocted on the property�und�II e�sememe,appuArnpnces.
<br /> - and fixture�now or hereiftcr o patt of the property. All replacementc u�d addidon�shdl alw be covered by thf+s 3ecurftY
<br /> __ — 6utrumen� All of tho forcQoing is Rfemd to in thio Security Inatrumcnl au the"Property:
<br /> BORROWER COVHNANT3 that Borrowcr ie luwfully sciced oP the estate hcrcby conveyed ond has thc rfght to grnnt
<br /> and convey lhe Propeny ond that the Pr°P�nY ia unencumbered,except for encumbtances of tecord. Barrower wartant�and
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<br /> .,;— will defend�ener+lly the title w the Property AQafnst�II claimo wnd demands,�ubjxt w any encambrancea uP record.
<br /> -� --- -- ° - - - TH[S SECURITY INSTRUMENT comb)nes untform covennnts far netionel use and non•unlform coven�ets wfth
<br /> - ��� limited vAri�tiau by Juricdict�on wconstituto r uniform cecurity insuument coveriny real property. r
<br />_a; UNIFORM COVL�NAN'fS. Borrower and i.ender covenont and agree as foll�wa:
<br /> - - - 1. P�qment of PrlacipAl�rad Intertst;Prepayment apd Lote Char�eA. BoROwer ahall promptly puy when due�he
<br /> ----- prfncip�l of and interest on the debt evfdencecl by the Notc und any prepayment and lue clurga duo under thc Nute.
<br /> - 2, Fbnd9 for'h�xes aad InwrAnca Subjxt to applicablc law or to a written waiver by Lender.Borrower Rhall pay to
<br /> Y�-_-----.� Lender on 1he day monthly p�yments arc due under the Nae,u�til thc Note ia paid in irll.a sum l"Pands")far.(u)yearly
<br /> teaes and assessments which may utain pdodty over this Security Insdument as a Ikn on the Property:(b)yearl�leasehold
<br /> p�ymrnts or ground rents an the Property. iP eny: (c) yearly hazerd or prvpeny insumnce premiums; (d) yearly flood
<br /> _-°�_�_�� insurance ptcmiums,if any:(e) yearly mortgage insurancc premiume, if any; orM(��Y sums payable by Borrower to
<br /> -°�-�-�°—� I.ender,in accordance wilh the proviafona of paragrnph 8.m lieu of the payment of mongage insurrmce premiums. These
<br /> - icems are cdled"Escrow Items." Lender may,at any time,collect and hold Funds in an vnount not to exceed the maximum
<br /> amount a knder for a federally�+elated mortgage loan may require for Borrowerl escrow account under the federal Real
<br /> -- — . Estate Settlement Procedures Act of 1974 es amended from time to time, 12 U.S.C.4 2ti01 et sey.("RESPA").unless another
<br /> �-- IAw thot appHes to the Funds sets a lexser amount. If so,Lender may.et any time,collect and hold Funds in an amount not to `
<br /> �^��+c�.�-�wr�� exceed the lesser amount. I.ender muy estimste the amount of Funds due on ihe basis of cuRent date and reaaonsble
<br /> ��"-*- �'. I est�mates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> �`° �� ��• �'""�� The Punds shell be held in in inatitutlon whose deposits are insured by A federel agency,instrumentality,or entity
<br /> !.��d��;�� ,;�. � (induding Lendcr.if I.ender is such an institution)or in any Federal Home Loan Bank. I.ender shall apply thc Funds to pay
<br /> _ ,��•�•���• . the Escrow Itema. l.ender may not charge Borrower for holding end apptying the Fuwis.annually analyzing ihe escrow
<br />-_��:,;.; `�""� � r•-: account, or verifying the Escrow Items. unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> _��,��i� Lender to make euch a charge. However,Lender may requi�e Borrower to pay a one-ume charge for an independent real
<br />.-= �...,�,L�,�.., -�Y,,, ests�te tax rcporting service used by Lender in connecdon with this loan,unless applicable law provides otherwise. Unleas an
<br /> ==�, ��,i.,�;::_; ._�y• ,, agreement ia rnade or applicable law requires interest to 6e paid.Lender shall not be requked w p�y Borcower any interest or
<br /> — • ��n� i • earnings on thc FLnds. Borrower and Lender may agree in writing,however,thal intcrest st�all be paid on the Funds. l.ender
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<br /> -- .,��:..;; � '�. shall give to Borruwer.without clwrge.an annual accounting of the FLnds,showing creNts end debils to the Funds nnd the
<br /> �s��';;.�,�_�,: '``Y purpose for which eech debit to the Fl�nds was made. The�nds ore pledged as additional secudty for all sums secured by
<br /> �:..����_�_.r;�� th�sSecurity Ii�ei�u8lani.
<br /> - ..------- - - If the FS�nds held by Lender exceed the umounta peanitted to be held by appUcuble Iaw, Lender ahnit uccount to
<br /> � � �, , *:.,,, �_ ,t,�. Borrower ior 1he excess Funds in accordance with the requirements of applicuble lew. If the smwunl of the Funds held by
<br />_, _ . J� t l.ender at any time Is not sufficient ta pay the Escraw Itema when due.Lender rnay so notiiy Borrower In wriling,ond,in
<br /> �� ' such case Bormwar shall pay to Lcnder the amount necessery to make up thc deficirncy, Borrower shull muke up 1he
<br /> _�'� r ,;. .c.: . ' r deficiency in no more than twelve monthly payments.ut Lender'�sole discretion.
<br /> - - ,., - � , � Upon payment in full of ull sums secured by this Security Insaument.Lender shall promptly rcfund to Bo�rower any _
<br /> i� � �- • . • Funda held by I.ender. If,under parngraph 21,Lender hhnll acquire or sell the Property,Lender,prior to the acquixition or 6
<br /> •�_� ,i:;,,,,,,.,_.d. �,:�„ � saie af the Property,shall apply any Funds held by l.ender at the time of acqui sition a sale as u credit egeinst the suma
<br /> ,4 �, �c -�.,�. seeured by Ihis Security Instrument. _
<br /> _ _ :. ," .. .,,� ( 3. Applkadon ot Payments. Unless upplicnble law provides otherwise,all p�yrmnts received by Lender under
<br />_ o �,;:.. • paragraphs t and 2 shall be appl ied:first,to nny prepayment churges due under the Nae;second,to amounts payable under
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<br /> '- �� • paragrapB 2:third.to interest due;founh,w principal due;and last,to any late charges due under�he Note. _
<br /> -� �°��'-��� �' ,��' 4. Ch�es;Liens. Borrower shall pay all taxes, assessments, charges.fines and imposidons attributable to the
<br />_ ��'•-��" Propeny which may attain priority over this Security Instrument,and le�sehold ps�ymenis or ground hnts,if any. Borrower _.
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<br />- � � � ahall pay ihese obligations in the msmner provided in paragraph 2,or ff not paid in that matuier,Borrowcr shall pay them on
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<br /> _: time direcUy to the person owed payment. Borrower shall prompdy fumish to Lender all notices of Amounts to be paid under
<br /> - =� j�=��." � ��-•� this paragraph. If Borrower makes these paymenis direcUy,Borrower shrill promptly fumish to Lender receipts evidencing
<br />- :��:; . , the payments.
<br /> ' , . ..... � Borrower shall prompdy discharge any lien which hAS priority over this Securiry Insirument unless 8orrower:(a)agrees
<br />:�' ,_ ,,; �• � In wciting to the payment of Ihe obligation secured by the lien m u manner acceptubk to I.ender;(b)contests in goad faith the
<br />-��c"' ` ' lien by.or defends against enforcement of the lien in,legal proceedings which in the Leuder's opinion opernte to prevent the
<br /> '�� � • ^ enforcement of the lien;or(c)secures from the holder of the lien an ugreement satisfnctory to Lender subordinating the lien
<br /> �� �� � w this Security Instrument. If Lender determines that uny purt of the Pmperry is subject to u lien which may uttain priorfty
<br />--w�.^, �� � � over this Security Inswment,Lender may give Borrower a notice identifying the lirn. Borrower ahall satisfy the lien or take
<br />=�� .,,�1��� .'`�r ' one or more of�he actions set forth abovc within 10 days of the giving of notice.
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<br /> ,... , � 5. Hwzard or Property Ipsurance. Borrower shull kcep the improvemen�s now existing or hercafter erected on the
<br />_ ' . Property insured against loss by fire,hazards inrluded within the term"extended coverage"and any other hazards,including _
<br /> � � � - • tloods or floading,for which Lender requires insuroncc. This insurnnce shall be maintuined in the amounts and for the
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