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<br /> TOGETHER WiTH all the Improvements now or�er�af�cr erected on thc property,and all casemcnts,uppurtcnunces,und �
<br /> Cutures now on c�rcaftcr a part of the property.All replacemcnts and additions shall also bc covered by this Security Inswment. �'
<br /> Atl af the fonegoing is refeaed to ln thIs Securiry Instniment as the"Property." �� �
<br /> BORROWSR COVENANTS that Borrowcr is lAwfully scisect of the estatc hcreby convoycd end has thc right to grant anJ
<br /> convey the Property and ihat the Property is unencumUered,except for encumbrances of record. Borrower warrftnt.v and wiU .
<br /> defend generally the tifle to the Property against aU claims end Gempnds,subject to any encumbrances of record. � � . �
<br /> THIS SECURITY INSTRY.JMENf combines uniform covcnants for national usc and non-uniform covcnants with llmitcd
<br /> .„_,.:.:�� variationa by Jurfsdiction to constitute a uniform securlty instzument coverins real pmperty. "
<br /> � � UNIFORM COVENAlV1'S. Bocrower and I.ender covenantand agree as faUows:
<br /> 1.PAyment of Princtpa!and Intcrest;Prepayment and Lnte Charges. Bono�ver shnU prompdy pay when duc the '
<br /> princfpal of nnd interest on tha debt evidenced by the Nate and nny prepayment and late charges due under tho Note. ' �.: ��,t:_��
<br /> l 2.l�mds tor Taxcs and Inaurance. Subject to appllcable law or to a written waiver by Lender, Bonowcr shell puy to . ,..' .-.,;�;�"_:��:
<br /> Lender on the day monthly payments are due under the Note,unul the Note is paid in full,a surr► ("Funda")for:(a)yearly mxcs • '�«��
<br /> j and susessments which may attain priority over ihis Secttriry Insttument as a lien on tho Property; (b)yearly leasehold payments ''�
<br /> or ground rents on the Properry, if any;(c)yearly hazard or properry inswance premiums;(d)ycarly fload lnsurance prcmlums.lf �,j.�._��r��
<br /> . , any: (e)yearly mortgage insivance premiums.if any;and(t�any sums payable by Borrower to I.ender,In accardance with the �����y�--
<br /> ..�+ rovisions of ara h 8, in liau of ihe ent of mort p " ° �������-
<br /> _ P P B�P paYm gege Insurance reminms. These items are called Escrow Items. J�.�;'r --- -
<br /> Lender may,at any tlme,coDect and hold Funds in an amount not to exceed the rr�imum amount a lender far a federally releted :.,;,,;�'°
<br /> +'r mortgage loan mxy require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as -'� • � �------
<br /> '.",s amended from ame to dme, 12 U.S.C.5ecdan 2601 et seq. ("RSSPA"),unless enalher law that npplies to the Funds sets a lesser �}�s"
<br /> ,� amoun� If so, I,ender may.at any time,coUect and hold Funds in en amount not t� exceed the lesser emoun� Lender may �=�_=_
<br /> '';' � esdmate�he amount of Funds due on the basis of current data and reas�nable estimatcs of expenditwes of future Escrow Items or '��_'":'���: -
<br /> .. . ',.� otherwise in accordance with applicable law. ��r p
<br /> •, �e Funds skall be held In an insdwdon whose deposits ara insured by a federal agency,instrumentality,or endty(including , ��•
<br /> I.ender,if Lender is such en insdNtian)or in any Federal Home Loan Bank.Lender shall apply the�nds to pay the Escrow ---
<br />_:��.:'•�i Itcros.Lcnder may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or vcrlfying
<br />�• � the Escrow Items,unless Lender pnys Borrower interest on the Funds nnd appllcable law pemuts I,ender to make such u chargo. '
<br /> However,Lender mny require Borrower to pay a one-timc charee for an indePendenr mRt PArArP raY �P�r�o �.,}��;��y
<br />� , Lender in connecdon wiGti this Ioan, unlcss applicable law provides otherwise.Unless an ngreement Is made or appllcaUlo Iitw
<br /> requims interest to be patd,I.ender shaU not be requimd w Aay Borrower any interust�r earn3ngs on the Funds.Boirowcr and '
<br /> L,endzr uiay egree in wriang,however,that interost shall be pald on the Funds.Lender shall give to Bqrrowcr,without chergc,en
<br />_ • annussY accoundng of the Funds. showing credits nnd debiu to�he Funds and tho purpose for whfch each debit w the Funds was
<br /> ;= ,��• mad�.71�e Funds are pledged as addiflonal securiry for all sums aecured by this Security InstrumenG
<br />�'`� �� - � If tho Funds held by Lender exceed the amounts permiued to be held by applicable law,I.ender shall accaunt to Bocrawer for
<br />'-�+•,;� the oxcess Funds In accordance with the requirements of applicdble law.If the amount of the Funds held by Lender at eny tlmo is
<br /> ���'� • not sufficient to pay the Escrow Items when due,I.ender may so notify Dorrower in writing,and,in such case Dorruwer shall pay
<br />=�"� • � '°°' w Ler�der the amount necessary w make up the d�cIency. Borrower shell maka up the deficicncy in no more then twelvo
<br />; , monthly payments,at Lender's sole discretion. -
<br />_ _ _ i ,� Upon payment in full of nll sums secured by this Security Instrurtient,l(.ender shall Frompdy refund to aomnwer any Funds � —
<br />-.��,::�::._ -.� held by Lendar.If�undu paragrapd 21,Lender shaU acquire or sell the Praperty.I.ender,prior to the r�cquisition or sale of tho ��
<br />�i's�n��-R- Property,shall epply any Funds held by Lender at the pme of acquisIHon or sale as a credit against the sums secured by this �-:-
<br />'..,.�""`w��� Sccurity Instrument �_-
<br />��)-�j;�:.,t:.;� 3.App[icatbn of Fnyments. UNess applicable law provldes otherwise,ali puymeniv received by Lendet under paragraphs `
<br /> -j�r` ::'''"- 1 ond 2 shall be appHed:first,to au�y prc�yment charges duc under tho Note;second,to emoiu�ts paynble under pnrap,�aph 2; _ _
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<br /> `� thlyd.W interest due;fourth,to principal due;and lest,to any lute charges due under the Note.
<br /> �=��^�'" � 4.Chargesi Lkas. Bonower shall pay aU teues,asscssrnents, charges, t"incs and imposi�ons aaribumble to the Property =-
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<br /> '• `�" which may auain pd�ri�y over this Secueiry Insuument,and le,anhuld payments or ground rents,ff any.Bonower shall pay these �_;
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<br /> =•.��: :, obligations in thc ma�►ner provided in pa�agraph 2,or if not paid in that manner,Bonower shall pay thcm on dme directly w the
<br />;�a-;=�i;•• person owed paymenG Bonower shall promptly i�unish to Lender aU nodces of amounts to ba pald under this paragraph. If �x� _
<br /> �;�,�.� .. .. , .. Borrower makes these payments direcdy,Borrowcr shall prompdy fumish to Lender receipts evidencing the payments. �;_
<br /> -° '" ".`''" ' � B o r ro w e r a h a l l pro mpdy discharge any lien which has prioriry over ihis Sccurity Instrnment unless Borrnwer:(a)agrees in
<br />�:�.�• "'?�•" .' ' , writing W the payment 0f the obligetion secured by the lien in e manner acceptablo to I,endor;(b)wntesta in good faith the Qen
<br /> - by, or defcnds against cnforcemerit of the lien in, IegN procaxiings whlch in the Lender's opinion eperate to prevent the ; z
<br />-_;. enfarr.cmeni of the lien;or(c)secures from the holder of tho lien an agrccment sat3sfactory to Lender subordins�ting the lien to -- ----
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<br />� this Security lnstrumeat lf I,cnder determincs that any part of the Property Is subject to a lien which may attain priority over th;s '�'``� � � �
<br /> �, ' Security Inst�vment,Lender may give Borrower a nodce identifying tho lien.Barrower shall sadsfy tho llen or tt�kka one or moro .°=1����'
<br />;�. of the acdons set fonh above wi�3n 10 dnys of the giving of no2icc, '�"�`�`°:�;;.'
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