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<br /> TUt;ETHERWI'I'Hull thc improvcmcntsnuw ur l�crcnftcrcrcctcdon thc pro��crty,undull cuscmcnls,i�ppurtcnances,und
<br /> ' fixtures nUw un c�rcuQcr n p��rt of thc pmperty. AU rcpluccmcntfi and :+ddiNo►is shall idsu bc cuvcrcd hy thiti ticcurity
<br /> I Inrlrumcnt.All uf tlu: furcg�,isig in eufcri�cd tu in lliiti;;ccurily l�istrumcnt as thc"Pruprrly." �
<br /> BURRUWBI�:OV�NANTtithut Burrowcr is luwiully sciscd ot thc cstutc hcreby cnnvcycd and h�s thc right to gruut jmd
<br /> convcy thc Property and that tlic Property is uncncumbcrcd,cxecpt for cncumbrunccsuf rccord. Dorrc�wcr warrants and�vill
<br /> �^•-""`` dcfcnd gcncrnAy thc titic to thc Property ugainst nU cl:sims and dcntunds,subject to uny cncumbranccs at rccord.
<br /> � `"" THIS SECURITYINSTRUMENTcombines unifarm covenaats foe national use und non-uniform covenants with limited � ��
<br /> . variations by jurisdiction to constitpte a uniform sccurity instruniaat covcring rcal property. � • .
<br /> UNIFORMCOV FIVANTS.Borrowcr and Lcnder covcnant and agrsc as follows: �
<br /> 1. Paywent ot principal uad Interest; Prepayment nnd Late Charges. Barrowcr shsill promptly pay when due thc . . .•� ;Z'��s`�
<br /> �_::_ � i=-�-
<br /> principal of and interest on ehe debt evidenccd by thc Note and nny prepayment and late charges due under thc Notc. , �,:�`_°
<br /> , 2. Funds for Taxes and Insurnnee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to ��''�:_-
<br /> , � Lcnder an the day monthly paymcnts are due under the Note,until the Nate is paid in fWl, a sum("Funds") for: (a)yearly taxes .•'';_�;°�_
<br /> • und ass�ssmentswhich may attrun priority ovcr dus Security Instrumentas a lien on the Property;(b)yearly leaschold paymeats •�.',��--
<br /> ` or grouutd rents on the Property,if any; (c)yearly hezard or property insurance premiums;(d)yeazly flood insuraiice premiums, ';����
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<br /> if any; (e}yeazly mortgage inswance premiums,if any; and(�any sums payable by Bonower to Leuder,in accordancewith - -
<br /> � ,l.r L�¢
<br /> � the provisions of paragraph8, in lieu of the paymeat of mortgage insurance premtums.These items are called"Escrow Items:' + •-
<br /> � Lender may, at any time, collect and hold Funds in an araount not to exceed the maximum amaw►t a lender for a federally �' x:��,; _
<br /> , �` related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement ProceduresAct of ��na;-__
<br /> � 1974 as amendedfrom qme to timc, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Fbads i�;r�:--
<br /> sets a lesser amount.If so, Lender may, at any time, coUect and hold Funds in an A[uount not to exceed the lesser atnount. -
<br /> Lender may estimate f.he amount of Funds due on the basis of c:srent data and reasonable estimates of cxpenditures of futare �:y:�.`w;
<br /> - Escrow Items or otherwise in accotdance with applicable law. `:�=;��i,.
<br /> The Funds shall be held in un institutiou whose deposits are insured by a federal agcncy, instrumentaGty, or endty --_
<br /> (including Lender,if I.eaderis such an institution)or in any FederalHomeLoaa Bank.Lendershall apply the Funds to pay the �;��
<br /> � ' ,"�►� Escrow Items.L.ender may not charge Borrower for holding and npplying the Funds,annually analy�iag the escrow account,or _
<br /> � verifyin�the Fscrow Items,unless Lender pays Bonower interest on tne Funcis and applic;abia in::� Ne��►w Lcnt3crta mr,.'�.��uch
<br /> a charge.Ha�vever,Lender may require Bo�rower to pay a one•time charge for an independentreal estatetax reporting service p�
<br /> , " used by Lender in connection with this loan, unless applirable law provides othenvise. Unless an agreement is made or =
<br /> applicable law requiresinterest to be paid,Lcnder shaU not be requircd to pay Bonower any interest or earnings oa the fi�nds.
<br /> =:�a 5' ".. �' Borrower and Lender may a�ee in writing, however� that interest shall be paid on the Funds. Lender shall give to Bonower,
<br /> �; '� �' without charge, an a�ual accounting of the Fuads, showing credits and debits to the Funds and the purpose for which each
<br /> ,;d,�..%�. . debit to the F�nds was made.The Funds are pledged as additional sccurity for all sums secured by this Security Instrument.
<br /> •� ��-,� . If the Funcls held by Leudee exceed the amounts permittedto be held by applicable law, Lender shall account to Borrower
<br /> � `• �� • �'�'° for the excess Funds in accordancewich the requirementsof applicable law. If the amount of the Funds held by Lendcr at any
<br />_ ' .., time is not sufficisnt to pay the escrow Itemswhen due,Lendermay so uottfy Bonowerin writing, az►d in such case Borrowcr
<br /> - '�'��'�l shall a to Lender the�nount necessa to make u the deficienc Borrower shall make up the de�iciency in no more tl►an
<br /> =;:�;i:�;: , P Y �Y P Y• ��
<br />=—�-=��;.. "'� twetve monthly payments,at Lender's sole discretion.
<br /> '`��`-'`r���' Upon payment in Full of all sums secured by tius Security dnstrument,Lender shall promptly refund to Bonower any
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<br /> :=?v��'9"'f',;,.���-: •.
<br /> :;:;.':{ r` FLnds held by Lender.ff, under pazagraph2l, Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale -
<br /> -�,.,'."'°'r�� of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit agaiast tl�e sums secured by =---
<br /> - ;.;��„ this Security Lostrument. -
<br /> ' '' 3.App]!ca►tlon ot Payments. Unless applicable law provides otberwise,all paymcnts received by Lenderunder paragaphs �
<br /> --�.':_"Tx,� , � 1 and 2 shall be applied:first, to any prepaymentcharges due underthe Note;second,to amountspayablc underparagraph2; - -
<br /> ---�°•�°.� ' ' third,to interest due;fourth,to principal due;suid last,to any late cherges due under the Note. _
<br /> ''�'M���'� 4. Chsrges; L1ens. Bonower shall pay all taxes,asscssanents,charges,fwes and impositi�ns attributableto tLe Property -�—
<br /> �::�ii�:�s±.. wluch may attain priority over this Security Insu•umcnt,ancl leasehold payments or ground rents,if any. Borrowcr shall pay -
<br />=^�`°�°�`'''"'" these obli at+ons in the manner rovided in ara a h2, or if not a�d in that manncr,Bonower shall pay them on time d'srecdy �
<br /> :.:�.�'`:.. :: 8 P P Sr P P - �
<br /> to the person owed payment.Bonower shall proinptly furnish to Lender all notices of amounts to be paid under tbis paras��aph. :��*r--
<br /> '.' �= ' If Bonower makes these payments directly,Borrawcr shall prompdy furnish to Lender reccipts Bvidenciug the paymen[s. �'-�`�"-
<br /> � Borrowershall prumptly discharge any lisn which has priority over this Securiry Instrumentunless Bonower:(a)agrces in ��--�_'-
<br /> � writing to the payment of the obligation secured by the lien in a manneracecsptableto Lender;(b)contests in good faith the Gen =____
<br /> by, or defends against enforcement of the Gen ia, Iegal proceedings v�fuch in the l.ender's opinion operate to prevent the --��_=.._
<br /> enforcementof the Gen;or(c)secures from the holder of the lien un agreementsatisfactory to Lender subordinatingthe Gen to .':.�?���_`
<br /> . this Security Instrument.If Lender determinesthat any purt of the Properiy is subject to a lien wluch may attain priority over �,�__.`_�
<br /> �� this Security Instrument,L,ender may give Borrower a notice identifying the Gen. Borrower shall satisfy the lien or take one or '. �t;?:�M
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