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<br /> _—� TOOB7'HEIt WITN All the impravements now or hercaftcr crectod on the pmperty.and a0 easement�.appurtcnonces.
<br /> � w�d fixturer now or heneaRcr a pan of the property. All replacements and addi�iona shall alsp be covercd by t6is Securfty
<br /> � Inw�ument. All uf U�Wregufng ia rcPemK1 W 1��this Secu�ity Insdument as dte"i'raperty." ,
<br /> ' BORROW�R COVBNANTS that Borruwcr is lawfully r.eired of the estate hereby conveyed und has the right to grant
<br /> - I and convey tho Piroperty And thqt the Property is unencum6ered,except for encumbrAnces of record. Br►rrower warranw w�d
<br /> f ' will defend generAlly the NNe to tha Property againat�II cfuims and demonds,cubject to any encumbrances of record.
<br /> �- ;y� � THIS SECURITY 1NSTRUMBNT combines uniform covenanta for nationai use and nun-unifurn� wvenanW wi�h
<br /> " I� J limited variatlons by jurisdiclfon to constitute a uniforrn secudty lnstrument wve�ing mal prope�ty.
<br /> � I � UNIFORM COV�NANTS. Borrower nnd Lende�covenant end ugrce as fallaws:
<br /> 1. Paymeat oi Priacipol and iaterest;PirepAymcat and Ls�te ClwrQea Borrower shall promptly pny when duc the
<br /> �__='�-�=�:�°�'�*u' principal of und interest on the debt evidenced by the Note and any prcpayment und late charges duc under 1he Note.
<br /> ���� 2. Fbnds tor 71�xes and Insurance. SubJxt to applicAble law or to a wrftten waiver by Lender,Borrower shaU pay to
<br /> .�_— ,,,���,,:.��.:��� Lender on the day maethlp payments su+e due under the Note.unUl the Note ls paid in full,n sum("Funds")for:(a)yearly
<br /> -- taxes and assessments which may attain priority over thi�Secudty Instrument es a lien on the Propeny;(b)ycarly leasehold
<br /> ---��.y�.>�4;.�� payments or ground rents on the Property, if any; (c) yearly hazard or property Insurance premiums; (d) yearly flood
<br /> �'�"=`'�'�-��?'s jnsurance premiuma, If any; (e) yearly mortgAge insurance premiums,if eny; and (� any sums payable by Borrower to
<br /> �"m'°'�"'"'' ;,y� ' Lender.in accordance with the provisions of paragraph 8.i�lieu of the payment of mortgage insumnce premiums. These
<br /> -�; �•�� � items are called"Escrow Items." L.ender may.at any time.collect and hold Funds in an amount not to exceed the maaimum
<br /> �� � . �' ' amount a lender for a fcdcrally reiated mortgage loan may rcquire for Borrower�s escrow account under the fedcral Real
<br /> = ;,t''��ti'• '' Fstate Settlement Procedures Act of 1974 as emended from time to time,l2 U.S.C.§2601 er seq.("RFSPA").unless another
<br /> —°�"�,";�'`-r ="�� law thet appfles to the FL�ds sets a lesser amount. If so.Lender may,at eny dme,collcct and hold Flmds in an umount not to
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<br /> �,;� ,,��= r.,,;.<:..•...,., exceed the lesser amount. l.ender may esdmate the amount of Funds due on the basis of cument data and neasonable
<br /> _ °�''��`'`''•� `ti'' esHmaIIes of expenditures of future Escrow Items or otherwise in accordance with appllcable law.
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<br />- ' .:,.;__,,,�:`� Tha Funds shall be held ln an instftution whose deposits are lnsured by a federal agency, instrumenwliry, or entity
<br /> — -" (including l.ender,�t l.ender is such an insamtion)or In eny t�ederal Home i.oan Bank. Lendor shaii apply the runds w pay
<br />,,;.:,; the Escrow Items. Lender mny not churge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> • nccount,or verifying the Escrow Itema, unless Lender pays Borrower interest on the Funds and npplicable luw permits -
<br /> �� ' . , Lender to make such a charge. However.I.ender may require Bonower to pay a one-time charge for an independ�nt real
<br /> __ '. � estate tax report�ng service used by Lender in connecUon with this loan,unless applicable law provides atherwise. Unless an
<br /> t�•••�•_ •• -• agneement is made or applicable law requires interest to be pald,Lender shall not be required to pay Horrower uny interest or
<br /> """° �''�' '' eamings on the Funds. Borrower and Lender may agree in writing.iwwcver,�hat interest shall be paid on the FLnds. i.ender
<br /> -�•' • .,,„ ., ,;�, I shall give to Borrower,without charge.an annual accounting of the Funds.showing credits and debits to the Funds and the
<br /> "?`r'�� � t��y purpose for which each debit to the f�nds was made. The Funds are pledged as additional securiry for all sums secured by
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<br /> ' •�.�e.� ---°°_-= tnir 5ecurity lnspument. _
<br /> � If ihe Funds held by Lender exceed �he amounts permitted to be held by applicable law. Lender shaU account to
<br /> '. •' . " Borrower for Ihe excess Funds in nccordance with the requirements of applicable law. if ihe amount of the Funds held by
<br /> ° i � � Lender at any time is not sufficicnt to pay the Escrow Itemx when due,Lender may so notffy Borrower in writing, and,in
<br /> � '�' such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> •�!!"' deftciency in no more than twelve monthly payments,at l.ender's sole discretion.
<br /> ,. " �`'" °•' Upon payment in full of nll sums secured by this Security Insuument,Lender shall promptly refund tu Barower any
<br /> . ...• „ Funds held by L.ecder. If,under paragraph 2l,Lender shall acquire or sell�he Property, [.ender,prior to the acquisition or _.
<br /> ' salc of�he Properry, shall npply any Funds held by Lender at Ihe lime of acquisition or sale as a credit against the sums -
<br /> � � secured by this Security Inswment.
<br /> �..d � � . ' 3. ApplicaUon of PAyments. Unless applicable Inw provides otherwisc, all payments received by Lender under _
<br /> �, paregraphs l and 2 shall be upplied:first,to any prepayment churges due under the Note; second,to amounts pAyable under
<br /> " ' paragraph 2;third,to interest due;founh,tu principal due;and lust,to uny late chnrges due under the Note.
<br /> �:1?� � � � 4. Charges; Liena. Borrower shall pay all taxes, assessments,charges, �nes and impositions atd'ibuwble to the �'
<br /> � �• •�� • Property which may attain prloriry over this Secudty Instrument,und leusehold payments or ground rents;if any. Bortower -
<br />: �: �:ti�,+; � � shall pay these obligntions in the manner provided in pamgraph 2,or if nut paid in that manner,Borrower shall puy lhem on -
<br /> . .�, i time direcNy to the person owed puyment. Borrower shall promplly furnish to Lender all notices of amounts to be paid under =
<br /> :� : ' :�, _ I this paragraph. if Borrower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing =
<br /> the payments.
<br /> ' Bonnwer shall promptly dischurge any lien which hus priority over lhis Security In�trument unless Borrower.(a)agrees
<br /> in writing to the puyment of the obliga�ion securcd by the lien in a manner ncceptable to Lender;(b)contests in goad faith the
<br /> �?!� ,. -' ' ,. I lien by,or defends aguinst enforcement of the lien in,legal proceedings which in the Lender's opinion operate ro prcvent the
<br /> " ��' � � ,;. . " ' enforcement of thc lien;or(c)secures from the hol�ler of:he lien an agreement suiitifnctory lo Lender subordinating the lien -
<br /> :_�^ to this Secudty Instrument. If Lender determines th:�t any pan uf the Propeny is subject to a lien which muy attain priority =
<br /> � � over this Secudty Instrument,Lender may give Borrower u notice identifying the lien. Borrower shull satisfy the lien or take
<br /> `�. +��iSw���"" � � one or more of the actions set forth above within 10 dnys of Ihe giving of notice.
<br /> • , 5. Hpzard or Property Insurance. Borrower shnll keep the irnprovemenls now existing or herenfter erected on the -
<br /> y � Property insured against loss by fire,hsuards included within the term "eztended coverage"und uny other hnzards,including
<br /> � �' floods or floading, for which Lender requircs insurance. This insurance shall be mnintuined in the amounts and for the �
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