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<br /> P end all eaeements, apPurtenances, and ,;,s,��� `
<br /> ' � TOOETHER WITH all the Im rovementa now or hereaher erected on the property. , r.`.
<br /> IlMures nnw or hereafter e part of the properly. AN replacementa and addltlona shaY also be covered by thla Security Inotrument. ,.,�,..:.
<br /> All of the laregoing Is retoned to In lhls 3ecurlty Instrument as the "PropeRy.' •
<br /> BORR04VER COVENANTS that ooe�W�gluocncumborold, oxcept foatencumbrences of recordtl Bortower�warrar�ta�andaw� � '.
<br /> convoy Iha Property and that tho P p rty y
<br /> dofend generally tho titie to thn Froperty agalnst aM claims and demanda,aubJeot to eny encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combinea uniform covenanta tor netlonal use and non-uniform covenanta with Ilmited��.
<br /> � varletlona by�urladictlon to conatllute a unllorm security Inst►ument covering real property.
<br /> UNIFORM COVENANTS. Bonower and Londer oovenant and agree as tollowa:
<br /> �� Ppyma o1 andPnt�re tpon he d bntev dentced byPhe Note a d ey p ePaCm ntaed latercherges due underi lhegN teen O 1''.'
<br /> due the pdnc p �
<br /> 5 ) 2. Fund� for Taxea �nd Insuronco.SubJ�ct to epplicnble law or to a wdden walve� hy Lender, Bortf�wer i;e��P�� ,i
<br /> • to Lender on the day monthy peymenta are due under the Note. untll the Note Is pald In full, a sum ('Funds 1 Be leasehold �- �
<br /> `�,�,�,,;� ; taxes and asaessmonta whloh mAy arialn prlorlty uver thls Security Instrument aln urance premlums;p(d�yeariy 8o d Inaurance 'ri.�
<br /> ' paymente or ground rents on the Propr.tty, If any; (c) yearly hezard or property .�,�,„
<br /> _ , . ...wM ;
<br /> � premlums, It any: (e) yeady mortgage Insurance premlumse t ofymortgage�nsurencePpremluma.BThese rltemsear�orcalledc Escrow > �.
<br /> with the provlslons ot paragraph 8, In Ileu of ihe paym : '
<br /> i Items.' Londer may, at Io Y�tm�• °A Huire tor�Bo ower's escrownac ountt nder�the lederah R al xEst e 3ettlem ntI Procedures . �:`
<br /> ' lederaly relatod martgage Y 9 Ilea to the Funds `"``
<br /> i
<br /> 'r� Act of 1874 es amended from tlme to time, 12 U.S.C. @ 2801 ot seq• ('RESPA"), unless another lew t a app
<br /> , � sets e lesser amount, ��mo ntnofrF nd due�ontthe basllscof curt ntd tad nd reaso ablet stimetesxot expendfturesr futue
<br /> t Lender may estimato the _
<br /> �! Escrow items or otherwise In accordance wlth applicable law. ;
<br /> The Funds ahell be held In an Institutlon whose depostts are inaured by a federal agency, ��g�he Funds t r pay helnEscrow .;�,
<br /> : � Lender, it Lender Is such an institutlon) or In any Federal Home Loan Bank. Lender shall app y
<br /> . .f Items. Lender may not charge Borrowe3 i8orrowergfnte estpolni thehFundadandnappllcableilawgpem�itsclender to nmake suah�a _
<br /> the Escrow Itoms, unies� Lender pay
<br /> charge. However, Lender may requlre Bortower to pay a one-time charge for an independent renl estate tax repoNng serWce _
<br /> } used by Lender In connectlon with thls loan, unless appllcable law provldes othenvise. Unless an agreement Ia made or =_
<br /> applicable law requlres Interest to be paid, Lender shali not be required to pay Borrower any interest or eamings on the Funds.
<br /> " Borrower and Lendar may agree In writing, however, that Interest shali be pald on the Funds. Lender shali give to BoROwor,
<br /> � . wlthout charge, an a8S�aaeCOThenFunda ere pledged as additlonalgsecurity for al�sumsFsecured by the Securityf Instrum nt eGh
<br /> debft to the Funds w
<br /> If the Funda held by Lender exceed the amounts permltted to be held by appllceble law, Lender shell account to orrower
<br /> ��. lor the axceas Funds In accordance wlth the requirementa oi appllcable law. If the amount of the Funds held by Lender at eny
<br /> time Is not suf�clent 4o pay the Escraw Items when due, Lender msy so notlty Borrower In writing,and, In such case Borrower
<br /> i shall pay to Lender the amount necessary to make up the deflclency. Borrower shall make up the deflclency in no more than
<br /> �' NveNe monthly payments,at Lender's sole discretlon.
<br /> , � Upon payment in fuli of all sums secured by this Security InStrument, Lender shali promptly refund to Borrower any Fun s
<br /> ._ � netd by Lender. If, under paragraph 21, Lender shaW acqulre or sell the Property, Lender,prlor to the acqulsitlon or aele of the
<br /> � Property, shell appty any Funds held by Lender at tne iima oi acqulsftlon or se!e ?A a credlt a�alnst the sums securod by thie
<br /> Secudty Instrument.
<br /> 3. AppllCatlon of PaylTlente. Unleas �PP���b�ent harr esI due utnder'ihe Noteasecond,to eamounts payab e under
<br /> paregraphs 1 and 2 shall be appAed: flrst, to any prepaym 9
<br /> paragraph 2; third, to Interest due;fourth,to principal due;and Iast,to any late charges due under the Note.
<br /> 4. Che�rges; Llene. Borcower shsll pay all taxes, assesaments, cherges, 4nes and Imposltions attributable to the
<br /> property which may attain prlority over thia Securfty Instrument, and leasehold payments or ground renta, N any. Bartower shall
<br /> pay these obligatlons In the manner provlded in paragreph 2, or if not paid in thet manner, BoROwer shall pay them on time
<br /> directly to the person owed payment. Borrower shall promptly fumish to Lender afumisih to f Lendernt ecelpts pev denc ng he
<br /> paragraph. If Borrower makes these oayments directly, Bortower shall promptly �
<br /> , � payments.
<br /> Borcower shail promptly diocharge any Ilen whlch has priority over this Security Instrument unless Bortower. (a) agrees In
<br /> writing to the payment of the obNgation secured by the Nen In a manner accaptable to Lender, (b) contests in good falth the
<br /> Iien by, or detenda egainat enforcement of tNe lien In, legal proceedings whlch In ih� Lender's opinion operato to prevent the
<br /> enforcement ot the Ilen; or(c) secures from the holder of the Ilen an agrei me b ect to8at/ntwhichdmayu ttan'nPrlorityhover�th�s
<br /> � thla Securiry Instrument. If Lender determines that any pert of the Propertyr 1
<br /> �• � Socurity Inatrument, Lender may glve Bortower a notice IdentHying the Ilen. Borrower shall satlsly the Ilen or take one or more of
<br /> , I the actions set forth above wfthin 10 deys ot the giving of notice.
<br /> � S. Hazard or Property Insura�ce. Bonower sheil keep the Improvements now exlsting or hereatter erected an the
<br /> � Properry insured against Ioss by fire, hezarda Included within the tertn "extended coverage" end any other hazerds, Including
<br /> � floods or flooding, for whlch Lender requlres Insurance. Thls Insurance shaA be malntalned In the amounts and tor the pedods
<br /> thet Lender requlres. The insurence caMer providing the Insurance sha� be chosen by Bonower subJect to Lender's approvel
<br /> -- - --- � � which shall not be unreasonably withheld. If Borrower falls to malntain coverage deaulbed ab�ve, Lender mey, at Lender's
<br />- . � Y optlon, obtain coverage to protect Lenders rlghts In the Prope�ty ir� accordance with paragraph 7.
<br /> � All Insurance pollcles and renewuls shell be acceptabie to Lender and shell Include e stenda idem�ortge der all rece ptsdof w..--
<br /> i sheY have the rlght to hold the pollcles and renewels. It Lender requires. Borr�wer shaN prompty g �_
<br /> ' pald premlums and renewal notices. In the ev�nt of loss, Borrower shatl give prompt notice to lhe Insurance carrler and Lender.
<br /> ' � Lender mey make proof of loss fl not mede prompth; by Bortower. __ _
<br /> ; Unless Lender end Borrower otherwise ac�ree In wdting, insurance proceeds shaii be appded to restoretlon or repair of the -��_
<br /> Property dameged, If tho restorelion or repair is aconomlcally teasible nnd Lender's securily is not lessened. Ii the restoratlon or �`"�,�..n_
<br /> � repatr Is not economlcally feasible or Lender's security would be lessened, the insurance proceeds shall be applled to the suma Y ,1.'
<br /> secured by thls Securfty Instrument, whether or not then due, with any excess pald to Bortower. If Borcower abandons the
<br /> ' Property. or does not answer within :i0 days a notice irom Lender that the insurance carri�r hes o8ered to settle a claim,then
<br /> Lender may collect the Insurance proceeds. Lender may use the proceederiod w�llabe�in when the�noticef given� p8y guma
<br /> secured by this Securlty Instrument,whelher or not then due. The 30-day p 9
<br /> Unless Lender and Borrower otherwise agree In wdting, any appltcatlon of proceeds to princlpal shali not extend or
<br /> postpone the due date of the monthly pnyments referred to In paragraphs 1 and 2 ar change the amount o} the payments. If
<br /> � under peragraph 21 the Property Is acqulred by Lender. Borrower's right to any Insurance pdicles end proceeds resulting trom
<br /> � damage to the Property prlor to the acqulsitlon shall pass to Lender to ihe extent of the sums by thls Security Inst�ument
<br /> immedfately prior to the acquisitlon. BOI'I'OWB�'8 Lo811
<br /> , � n........o.,.... Proanrvatl011. Maintenarvce and Protection of the Property^�^�^o��QQ��an fp W��h�
<br /> . _»�,_.._„ . _..__ ..
<br /> Applieatlon; Leaseholds. Borrower shall occupy, establish, and use tne rroperiy n5 0������:� r••••-•�-• •----
<br /> sixty days aiter the executton oi this Security Instrument end shpll continue to occupy the Property as Borrower's principal
<br /> rasldunce tor at least one year arier the date oi occupency, unless Lender otherwise agrees In writing, whlch consent shall not
<br /> be unreasonnbly withheld, or unless exlenuating circumstances exist whlch are beyond Borrower's control. Borrower shail not
<br /> destroy. dumage or tmpair the Property. allow the Property to doteriorate, or commit weste on ihe Propeity. Borrower shaM be In
<br /> nEtorfeftu enoif tholProperty or�otherwisedmalerially`Impalr therlien crealteid by9hislSecurily Instrumgnt�oriLender�'s securityulnte estlt
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