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<br /> TO�STHF.R WITH xll the imptuvemcn�;taow ur herr.aftsr rrected un the property,xnd ul1 e:+aemen�i,appurtenxnces,and ,.c,...v
<br /> fixtures nnw nr Ikrraftrr a purt nf tlie prcperty. All r�placemen�. �uid aJditionti shall alsu be covered by this Securiry _-
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<br /> ' �„� li�.titrument. AII(7f�1C fOTC$011l$!S fCfCTfC(I [0111[I►Iti SCl'UIIIy I11.�IfU111C1U ilti fIIC"Property." _
<br /> � BORROWERCOVENANTS that Bono�ver is lawfully seised af die esu+te hereby amveyrd xnd lias die riglit ta grant xnd
<br /> , convey the Propeny and diat the Propeny is unencumhered, except for encunibrances of record. Barraw�r warr�w� xnd will
<br /> � � defeud gen�rally the tida to die Property agaii�st all clainu and deniands,subject tu:uiy encunibrances of recard.
<br /> � THIS SECURITY INSTRUMfiNT cc�mbines ui�iform caventsxnts far nxdonal use and nan-uniforni covenants witli liniited � _
<br /> + vurtations by juris�iction to constitute a wu fomi se�ur�ty instrunient cavedng real praperty. � V-
<br /> UNIFORM COV&NANTS.Banawer aad L.ender cavec�ant and agree ati follaws: y,_,
<br /> 1. Payment of Principal and Interest; Prepayment and Late Chnrges. Bonower shall promptly pay when due the C
<br /> � priucipal of and interest on the debt evidenced by the Note and any prepayment tuid late churges due under tlie Nc�te. �
<br /> 2.F�ds for Taxes end insurance. Subject to applicable law ar to a written wuiver by Lender, Bonower shall pay to
<br /> I.ender on the day monthly payments ure aue uiider the Natc,until the Note is paid in fiill,a sura("Funds")for: (a)yearly taxes �
<br /> � und ussessmeats which may atwin prioriry over this Se:uriry Instrument us a lien on che Property; (b)yearly le�sehold payments
<br /> i exrl flood insur.uice premiunLy, �; -
<br /> � or ground rencti on dir Property,if any;(c) yrurlY hKZUrd or praperty insurdncr premiurns;(d)y Y
<br /> � if uny;(e) yeurly inortgage inxurance pren�iwis. if any; and (t)�ury sums pxyable by Bonower to Lender, in accardance widi
<br /> j ; the provisions of paragraph 8. in lieu of the pxyment af mongxge insurxnce premiums.These iten�s are called"Escrow Items."
<br /> Lender n�ay,at any time. collec[ and liold Funcls in xn anwunt not ta excerd d�e n�uximwn umount a l�nder for a federally
<br /> �� related mortgabe loan may require for Bonuwer's escraw account under the federal Real Sstate Settlement Proc;edures Act af r
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<br /> ' 1994 as amencieJ frc�tu time to pme, 12 U.S,C. Sectian 2601 et seq. ("RESPA"),uiiless anoetier law that applies to the Fun s
<br /> sets a lesser amaunt. If so, Lender may, at any time, collect�uid hotd Funds in an amount not to exceed the lesser xmaunt.
<br /> Lender may estinwte the acuounc of Funds Ju� on the basis uf cunent data uid reasocubl�estimates of expenditures of future
<br /> "� ' Escrow Items or othenvise in accorclxnce widi applicable law.
<br /> - ' 'Che Funtls ah�tli bc liciJ itt an itL;fiiutit�st�:�bose de�esits Hre ineured by a federal abency, instrumentaliry, or entity
<br /> . (includiag Lender,if Lender is such an institucion)or in any Federal Home Loan Bank.Ixnder shall apply the Funds to pay trie
<br /> Bscrow Items. I.ender may not charge 9orrower for holding and applying the Funds, a�mually unxlyzing the escrow account.or
<br /> . vedfying the E�crow Itenis,unless Lender pays Borrower interest on the Funds :�ncl xpplicable law pemiits Lender to tuake such
<br /> � a cluuge. However. I.ender may reyuin Borrower to pay a c�ne-time cl�arge for an indeper.dent real estate tax reporting servicr
<br /> used by Lender iu cunnection widi dus laui, unless applicable law provides athenviss. Unless an agreenient is made or
<br /> applicable la�v requires interest ta be paid,ixnder shell nat be reyuired to pay Borrnwer any interrst or earnings on We Funds.
<br /> , Borrower and Lend�r may agree in wridng,however,that In[erest shall be paid on thc Funds. Lender tihall give tu Bonower,
<br /> ' wltliout charge.an :snnw�l accounting of the Fuixls, showing credits and debits to ttie Funds and the putpase for whicu eaeh _
<br /> �� debit to the Funds was made.The FunJs are pledged as addidonal security for all sums secured by this Security Insm�ment. __ _
<br /> . If the Funds held by Lender exceed the unaunts permitted t��be held by applicable Ixw, Ixnder shall account to Bonower ■_-�
<br /> ;� for the excess Funds in accord:uice widi ehe requiremenW of applicable law.!f the amount uf the Funds held by Lender at any
<br /> � time is not sufficient to pay the Escrow Item+when due, Lender may so noafy Bonnwer in wriang,and.in such c;as�Borrower _
<br /> • shall pay to L.ender the aniount necesszry to make up die deficiency. Borrower shall make up the deficiency in no mare than �-
<br /> . twelve mondily{�ynients,at Ixnder's sole discredon. - ___--
<br /> �� Upon payment in full of all sums secured by this Security liutrument. lxnder shttll promptly refund to Barrower any
<br /> . � Funds I�eld by Lender. If,under pxragreph 21. Ixnder sh�ll acyuire ur sell the Propeny,Ixnder,prior to che acquisiuon or s:►le _
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<br /> �� of the Property,shall apply any Funds hcld by Leuder xt the time of acquisition or sale�x creJit agxi»st die swns secured by �;_
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<br /> this Securiry Insuurnent.
<br /> -• 3,Appltcution of Payments.Uiiless npplicable Ixw provides odienvise,xll paymen�i receivec!by I.ender under pxrxgrnpl�, _
<br /> 1 and 1 shall tx applied: tirsc, to any prepayment clixrges due under the Note; second,to aniounts pxyable under paragraph 2; �'.1��_�.2_
<br /> third,to interestdue;fourth,to principal Jue; anJ last, to any lxte chatges due under d�e Nate. �„r�.
<br /> ' 4. Charges; Liens.Bonower�liall pay all taxes, �.cse»utents, chargra, ti»es and impositions attributable to die Propeny • : 4«,��� ;
<br />- j wliich may attuin priority over Qiis Securiry I�utrume�it, aud leaseliold payments or grom�d renGs, if any. Borrower shall pay '��t�.`.;�.�`'',
<br /> " � these c�ligatiotn in tlte ntatuter pravided in pdregraph 2,ur if not pxid in that sua�uier,Borrower shall pay dieni on time directly .i,..;
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<br /> ro the persun c��ved payment. Borrower shall promptly furnish tc� Lender all notices of a►uounts to be pxid under dtis paragraph. *�_
<br /> ]f Borruwer niakes these paymenGi dircw:tly,Bc�rrower shall prem�ptly funusli tv Ixnder teceipts evidencing tUe paymenGti.
<br /> Borrowersh�tll prc�mptly dischxrge any lien which h�.,priurity over thix Securiry Instrument unless Bc�nower:(x)xgrees in
<br /> writing to the payrnent of tlie ublibatinn �ecureJ by d�e lien in x mai�ner accept�ble to Leiider; (b)c:ontests in goocl faith the lien
<br /> by. or defends against ruti�rcement uf [he lien in, legal proceeJings wl�icli in tlie Lettder's c�pinion operdte to prevent die ,
<br /> enYi�rcement of the lien;or (c)secures fr�an tlie holder of tlie lien an agreemeut satisfxctory to Lender subc�rJinating the lien to
<br /> tliis Securiry Iiutrumetu. If Leuder detern�ines U�at any part c�f tlie Prc�perty is subject to x lien which may xttain prioriry over
<br /> Ithis Securiry Instrument,Lender may give Bc�nnwer x notice ideutifying the lien. Borrower slixll satisfy tlie lien or txke one or
<br /> � more of tlre actions set fordi xbove witlii n 10 day�uf die giving uf notice.
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