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<br /> • ''I'f)(iJ:l'i11:1t WI'1'fl aU the �mpmvements now c�r hereatter erncted �n thC prnperty, and rill e�s�ments, ,;�tr;:
<br /> a�purtennnces,und f izturr,now�r hGrcufter a purt of th�property.All rcplu�Cmentn and ndJition:�shall nlsn he covered .."..��.•.�'�'�`�'
<br /> hy�this Security Instrument.:�ll e�P th�foregning i::referrcJ t��in thi5 Srcuritp Instrumentus thr "i'roperty."
<br /> lit)ItRO�v131t e'OVI3NAN'1'S thet Borrc,wer is Ixa'full�' seiscJ c�P the estatc herrhy ccm�cyed and has th�right te� ,
<br /> grnnt und ccmvey the Property and thut the 1'roperty is unrneumhered, Cxcept h�r encumhrances of record, Aarrotte� , "
<br /> �verrnnts r�nd will Jc-fend genernlly chr title to the 1'ropert��ugainst ull cleima und demunds, 9UI��CC2 LO 8p}'C(ll'lIfT1I1PAI1CC.4� ,:,
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<br /> 'fE{l5 ti}:('UI2I'1'1'[NS'1'kUJ�11sNT cc�mbines unif�rm cnvenunts lor natir�n+�l usc anJ non-uniform cavenants with� , s�..
<br /> , IimiteJ vnriatiems hy jurisdiction to canstitute a uniform security instrument covering real prorurty. �� ,"•,�'±�'
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<br /> l I�NII�OKbi(:Z�4'IsNAti'I'S. Iiurru�ticr and I.ender cm•enant�nc1»yr�r Ns feill�����a' •- -
<br /> � i 1 I. I'ayment oi Principal snd Intereat; Prepayment and I.ate Char�es.3�orrower ehul l pmmptly pay when due� .�,. ,,�����:�
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<br /> ���,,,, i the principal of and intereat on the debt evidenced by the hute and any prepuym�nt and IatC charges due under the Note. ,-�,,-'-.:�,,
<br /> M��..,.�.� 2. Funds for T�xes and Insurane�. Subject to applicable law ur to u written waivCr by I.Cnder, Borrc�wer shall "�+ • �.�
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<br /> pay to I,endnr on the day monthly paymen�s are due under the Note,until the Nute is paid in full,a Fum ("Nunds")Por: ,r����__
<br /> � y (a) yenrly tax�and assessment��vhich may attain priorit��over thie Securiry Instrument as a lien on thC Property; (b) ,��,�-v
<br /> � yearly leasehold paymen�s or ground rents on the Yroprrcy, if eny; (c)yearly hazard or property insurancc premiums; �:�=r.v==
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<br /> �y (J) yearly flood insurance premiums,if eny; (c)yearly mortgage insurance premiums,iI any: and (f)any sums payable _
<br /> by Borrower to I.ender, in accordance with the provisions c,f pAragraph 8,in lieu of the payment of mortgeg� insurance ��
<br /> premiums.These items are called"Escrow Items."l,ender may,at any time,collea:t and hold Funds in an amount not
<br /> � to exceed the maxi mum amount a lender for a federally related mortgage loan may require for Borrotver's escrotv ,K�TT
<br /> de the federal Real Fstate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. �,';..:.'
<br /> account un r ---
<br /> ;� Section ?b01 et seq.("RFSPA"�,unless another law that xp»lies to the Punds sets a lessGr amount.If so,Lender may, e:=
<br /> , a� at any time,collect and hold Funds in bn umount not to exceed the lesser am�unt.Lender may estimate the amount of __
<br /> �� Punds due on the basis of current data and reasonablC c�timates ot expenditurrs oP future Escrow Items or otherwisa in ==_-
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<br /> accordance with applicable law. �==-=_'=—
<br /> r. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumenwlity,or entity
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<br /> (including Lender, if Lender is such an institution)or in an��Federal Home Loan Bank.Lender shxll apply the Punds to ��;
<br /> pay the Escrow Items. Lender may not charge Borrower for holding and applying the Punds, annually analyzing the _
<br /> `�.- escrow account,or verifying the Fscro�v Items,unless I.ender pays Borrower interest on the Funds and applicable lew �:�.---��
<br /> permits Lender to make such e charge. However, I.ender may require Borro�ver to pay a one-time charge for an �`-__
<br /> independent real estete tax reporting service used by Lender in connection Nith this loan, unless applicable law providr9 �z�
<br /> otherwise. Unless an egreement is made or applicable la�v requires interest to be paid,Lender shall not be required to •:�
<br /> pay Borrower any interest or earnings on the Punds. Borrower and I.ender may agree in writing,however,thatinterest a
<br /> -� shall be paid on the Punds.Lender shall give to Borrower,�vithout charge,an annual accounting of the Punds,showing ��Y—
<br /> credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pled�ed se ,�
<br /> ---� ----- additionel security for aII sums secured by ti�is Security Iustru�„er�t,
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to
<br /> Borrower for the excess Funds in accordance�vith the requirements of applicable law.If the amount of the Funds held -- ___
<br /> 1 by Lender at any time is not sufficient to pay the Fscrow Items when due,I.ender may so notify Borrower in writing, =_-
<br /> end,in auch case Borrower shall pay to Lender the amount necessary ta make up the deficiency.Borrower shall make '
<br /> up the deficiency in no more than twelva monthly payments,at Lender's sole discretion. _
<br /> Upon payment in full of all sums secured by this Security Instrument, L,ender shall promptly refund to Bonower =
<br /> any Funds held by I.ender. If, under paragraph 21, I,ender shall acquire or sell the Property, I.ender,prior to the -
<br /> acquisition or sale oi the Property, shall apply any Fnnds held by Lender at the time of acquisition or eale as a credit
<br /> against the sums secured by this Security Instrument.
<br /> ,' 3. Application of Payments. Unless applicable la��� provides otherwise,all payments received by I.ender under
<br /> paragraphs 1 and 2 shall be applied: first,ta any prepayment charges di�e iinder the Note;second,to arnounta payable
<br /> under paragraph 2;third,to interrst due;fourth,to principal due;end last,to any late charges due under the I�Tote.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments,charges,tines and irnpositions attributable to the
<br /> Property which may attain priority over this Seci►rity Instrument,and leasehold payments or grourid renu, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower
<br /> shall pay them on time directly to the person owed payment.Borrower shall promptly furnish to Lender all notices of
<br /> amoimts to be paid under this paragraph.If Borrower makes these payments directly,Borcower shall promptly furnish
<br /> to I.ender receipts evidencing the payments. __.___ __._
<br /> • �' Borrower shall promptly disctiarge any lien �vhich has priority over this Security Instrument unless Borrower: (a� _
<br /> . , � egrees in writing to the payment of the obligation secured hy the lien in a manner acceptable to Lender;(b) contests in _-
<br /> . good faith the lien by, or defends against enforcement of t}�e lien in, legal proceedings �vhich in the LendCr's opinion
<br /> - opernte to prevent the enforcement of the lien;or (c)secures from the holder o4 the lien an agreement satistactory to � _ _
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<br /> Lender subordinating the lien to this Security Instrument.If Lender determines that any part of the Property is subject ? -------�_�-
<br /> to a lien which may attain priority over this Securit}� Instrument, Lender may give Borrower a notice identifying the ,�_
<br /> i lien, Borro�ver shall sutisfy the lien or tnke one or more of the actions set forth above �vithin 10 days of the giving of <<._��,- -_�
<br /> '. notice.
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