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<br /> - _ _____ TO(3EfFlElt WITH wll 1he improvcments now or hereufler erec�ecl on�he propcny,and all cacements,appurtcnanccs,
<br /> -�,.�,��o uxl flature�now ar hercaftcr a put of the pmperty. All replacements and ndd�pons shaii eiso be cuvei�i br ii►is Sz.:urity
<br /> •• Instrument. All of the farcgoing is refemcd to in�hia Secudty In�wment us the"Property."
<br /> BOEtROWBR COV�NANTS that Borrowcr ia lawfully seised ot the estate hcreby canveyed and has the right to grant
<br /> p•,; and convey the Property cmd that the Properry ia unencumbered,eacept for encumbrunces af record. Bortower warrant�and
<br /> - w111 defend gener�lly the title to the Property aguinst�II claims and ck:munds,subJect to uny encumbrnnces of rccord. _
<br /> �6 TH13 SECURITY INSTRUMENT combines uniform covennnts far netional use and non-uniform covenaMc with
<br /> ° Nmited variations by jurisdiction to constltule a uniform security instrument covering real property.
<br /> ''� � UNIFORtit COVBNANTS. Borrower and Lender covenant and agree as follows:
<br /> �`�' ''� � 1. Payment ot PrincipW aad Iatereel:Preppyment And Lpte Chuges. Borrower ahall promptly puy when due tt�e
<br /> � r'�`r�! � prfnclpul of and interest on the debt evidenced by the Note and any prepuyment and lata ch�ges due under thc Note.
<br /> -.—� _-._-�—'�=-'''-:�I 2. FY�nds for Taxes And insurance. Sub j e ct to applicable law or to a w�itten waiver by Lender,Borrower shall pay to
<br /> ,.•. Lendee on the day monthly payments are due under 1he Note,until the Note is paid in full,a sum("Funds")for:(a)yearly
<br /> �`�"!�� taues and assessments which may attain pr�odty over this Securiry Insdument as a lien on the Property;(b)yearly leasehold
<br /> � ���"""'��� puyments or ground rents on the Praperty, if any; (c)yearly hazard or property insurancc premiums; (d) yearly flood
<br /> ��,�L�•;" �; � insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (� any sums payable by Borrower to
<br /> ---4� Lender.in accordance with the provisions of paragraph 8, ln lieu of�he payment of mortgage insurance premiums. These
<br /> �` — items arc called"Escmw Items" I.e�der may.at any time,collect and hold Funds in an amount not to excead the meximum
<br /> �—��� amount a lender for a federally alated mottgage loan may require for Borrower's escrow account under the federal Real
<br /> - �-—_�,—J.T-��:�''� Estate SetUetnenl Prucedures Act of 197A as amended from tlme to time,12 U.S.C.$2601 et seq.("RESPA"),unless another -
<br /> -"— �`'.j�m" law that applies ro the FLndII sets a lesscr amount. If so,Lender may.at any time,collect and hold Funds in an amount not to
<br />_ :+---�•3',.��5�'�z�`;=. excerd rh� leaser emaunt. Lender mav esNmate the amuunt of Funds due on the basis of current data and reasonable
<br /> '•. � :�,a�. ' ' estimates of expenditures of future Escrow Items or otherwise in accurdance with applicable luw.
<br /> :, °� � The Fund4 ahall be held in an institudon whose deposits are insured by a federal agency, instrumentality, or entity
<br /> ` �''�`?- �''"`"'�Y' (including l.ender,if l.ender is such an insti�ution)or in any Federal Home Loan Bank. l.ender shall apply the Funds to pay
<br /> ,,, .�:'�r Ihe Escrow Ttems. Lender mey not charge Borrower for holding and applying the Fund�,annually analyzing the escrow
<br />- • `� account,or verifying �he Escrow Items, unless Lender pays Borrower interesl on Ihe FundF and applicable law permits
<br />_. . ��r�,.�s;:y,{: � Lender to make such a charge. However.Lender may rec�uire Borrower to pay a one-time charge for an independent real
<br /> � '�``�'.`"''�� �� eswte ta�e raporting service used by Lender in connection with Ihis loan,unless applicable law provides otherwise. Unless an -
<br /> agreement is made or applicable luw requires interest to be paid,Lender ahall not be required to pay Borrower any interegt or
<br /> '�° eamings on the Punds. Borrower and L.ender may ngnee in writing,however,that interese shall be paid on the Funds. Lender
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<br /> T�-�f:„ �:�.r;,bt,� ,,�i: shall give to Bonower,without cherge,an annual accounting of ihe Funda,showing credits and debits ro the Funds und the
<br /> ° ; - - purpose for which each debit to the runds was made. 7he hLnas ere pledged as addnionai security for uii sums secured by
<br /> ' this Secudty Inshument. -
<br /> , ' If the FLnds held by L.ender exeeed the amounts permitted to be held by Applicable law. Lender shnll account to
<br /> �` " Borrower for the excess Funds in accordunce with the requirements of applicable Inw. If the amount of the Funds held by
<br /> a• Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in wri�ing,r+nd, in
<br /> `-•., • such case Borrower shall puy to Lender the umount necessary to make up the daficiency. Borrower shall make up the
<br /> ' ''' , defciency in no more lhan twelve monthly paymems,at Lender's sole disrretion. _
<br /> ' , Upon paymcnt in full of ull sums secured by this Security Instrument,Lender shall prompdy refund to Borrower uny _
<br /> • � Funds held by Lender. If.under paragraph 21.Lender shull Acquire or sell the Property,Lender,prior to the acquisition or _
<br /> . ,. sale of the P�operty, shall upply any Funds held by Lender ut the time of ucquisition or sule as u credit against the sums
<br /> � secured by this Security Instrument,
<br /> �. �� ` 3. Applles►tion of PAyments. Unless s�pplicuble law provides otherwise,all payments received by Lender under
<br /> •r=, , „ ,,,,,u � ' parugmphs 1 And 2 shall be applied: first,to any prepayment chnrges due under the Note; second,to nmounts payr�ble under
<br /> 1 paragraph 2;third,to interest due;fourth,to principal due;nnd IuSt,�o any lute charges due under the Note.
<br /> �(•`•' ° 4. Charges; Liens. Borrower shull pay all taxes, assessme•nts, churgez, fir�ex and impositions attribuwblc to the
<br /> % �:���" � Property which may auuin priar�ty over this Sewrity[ns�rument,suid leaschold payments or ground rents, if any. Borrowcr
<br />� , ,;���. �. ahall pay thesc obligntions in the manner providcd in para�raph 2,or if not puid in�hat rnanner,Borrower shall pay them on
<br /> � '� ''�" time directly to the person owed payment. Borrower shall promptly fumi�h to Lender ull notices of amounts l0 6e paid under
<br /> � • �„ , . „ , this paragraph. If Bortower makes these payments direclly, Borrower shall promptly fumish to Lender receipts evidencing _
<br /> �� the payments.
<br /> Borrower shall prompNy discharge any lien which has prioriry over this Security Instrument unless Borrower:(a)ugrees =
<br /> -� ,..;� � in writing to the payment of the abli�a�ion securcd by the lien in u mnnner acceptAble to I.ender,(b)contest�in gond fuith the _
<br /> �'�i,,,� ,.,.;�;��� lien by,or defends ugainst enforcement of the lien in,legal praceedings which in the Lcndcr's opinion opemte to prevent the =
<br /> ' enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinaling the lien
<br />�,- �� , ,;,,..,,� ' to this Security Instrumcnt. If Lcndcr determines thnt uny purt of the Property is subject to a licn which muy attuin priority =
<br /> • • over this Security Inswmm�t,Lender may give Borrower u noticc identifying the lien, Bortower shall sutisfy the lien or take
<br /> . •�'��'� • one or more of the uctions set fonh ubove within 10 days of'the giving of noticc. -
<br /> , • S. HAZard or Propertv Insurance. Borrower xhull kccp the improvements nuw existing or hereaftcr erccted on thc
<br /> � PropeRy insured ugainst loss by tor, hnzards included within the term"extended coverage"and any other hnzurds, including
<br /> ` � tloods or flooding, for which Lender requires insurarxe. This insur�nce shull Ix muintaincd in thc Amounts and for the
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<br /> .r�; ' Form 3�2l1 9190 i�+xe:��f M1 puResl -
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