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<br /> TOGGTHER WITH aU thc impruvcmcntti now on c�reaftcr erectcd on thc propeny,and ull c:►,cmTntt', uppuncnunccs,und I + ...�;5 <.�s, _��'�
<br /> � fixture+ now or hemufter .i part af the prope�rty. All replacements and uddiiions tihall al�o be cuvered hy this Security •� - -
<br /> •: � In+trument.All nf thc ti�rcg<�iiig is ref'ermd to in this Sccurity Instrument us thc "Property." �� �; '� _ �
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<br /> BORRUW�R COVENANTS that Barrc�wcr iti lawfully sciscd c�f thc cstutc hcrchy c�mvcycJ und hus thc right to grant und . :� Y�
<br /> '�, ; cunvey the Pruperty und that the Property is unencumbered,except for cncumbranccs of recurd. B��rrc�wer warrams und will ' � -,:�:"
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<br /> ��w defend gencrul ly[hc tiNe tu thc Prnperty uguin�t ull rluims:u d dcman dti,su hject to uny encum brunces��f rccor d. ' S'�,�_.-.�.
<br /> THI5 SECURITY INSTRUMENT combines unitorm cnvenunts for nutional use und nan-uniforni covenants with limited �:7�,°'-
<br /> '` variutions hy,jurisdietion to constitute a unif��mi serurity ins�rument covering real prc�perty. ,�_��:;���_�
<br /> UNIFORM COVENANTS.Bormwcr und [.cndcr covenant and agrec as f'ollnws: �'-'--""` -
<br /> � 1. Puymcnt of Principal and lnter�t; Prepayment und I.Ate Charges. Borrower shull prnmptly pay when due thc ;�,y�
<br /> ' principa�of anJ interest on thc debt evidenccd by dic Note :�nd any prep�+yment und lute churgcs due under the Nate. e�,�:=��-
<br /> 2. Funds Por Taxes und Insurance. Subjcct tn upplicablc law or to u wri�ten wAiver by Lcnder, Borrowcr shall pay to "�-�v
<br /> i.ender cm thc Jay manthly payments arc due under the Note,until the Note is paid in full,u tium("Funds") for:(u)yearly taxes =_--
<br /> and ussessments which may attain priarity over this Scwrity Instrument us a lien on the Property; (b)yeurly lcasehold payments ___
<br /> • or�round rentsnn the Pruperry, if uny:(r)yearly haz:ird orprc�perty insurancc premiums:(d)yc:irly flood insurance premiums, :_.!. __
<br /> � if any; (e)yearly martgagc insurunce premiwns, iF any:unJ(f�uny sums puyable by Barrowcr to L.ender, in accordunce with �`;ti_
<br /> � the provisions of pAragraph 8, in lieu of the payment of mongage insurunce premiums. These items ure called"Escraw Items." -
<br /> L.ender may, at any time, wllccr and hold Funds in ;�n anaunt nut to excced the muximum amount u Iender for a fedcrally .�_-
<br /> � related mort�age loan may require for Borrower's escrow xcount under the federal Rcal Estate Settlement Procedures Act uf ''
<br /> 1974 as umendcd from time to time, 12 U.S.C. Section 2601 c�t.cey. ("RESPA"1, unless another!aw thnt applies to the Funds =______
<br /> � � sets u Iesser amount. If so. L.ender m�y, at uny time, callect and hold Funds in an amount nat to exceed the Iesser amount. — -
<br /> Lender may estimate thc amount of Funds due on thc busis of current datl and reasonable estimatcs of cxpenditures of f'uture
<br /> : Escrow Items cx otherwise in uccordunce with applicable la�v. _
<br /> ��, The Funds shall be hcld in an institution whose deposits are insured Uy a fedcral agency, instrumcntality, or entity
<br /> y. (including Lender,if L.ender is such an institution)or in any Federal Home l.nan Bunk. I.ender sl�nll apply the Funds to pny the
<br />__.__: ,-. _ ..•r= Fcomw item.. Iender may no� charee Bonower for holdinc and applying the Fundti,annually analyzing the escrow accaunt, or
<br /> ` verifying the Escrow Items. unless Lender pays Borrower imerest on the Funds und applicable law permits Lender to make such
<br /> � `+'• a charge. However,Lendcr may requirc Borrawer to pay a one-timc char�e for an indepcndent rcal estate tax reporting servicc
<br /> used by Lender in connection with this loan, unless applicable law provides utherwise. Unless an agreement is mude or
<br /> applicahle law requires interest [o be piiid, L.cnder shull not be rcquired to pay Borrower any interest or eurnings on the Funds.
<br /> Borrow�r and Lcnder muy agree in writing, howevcr, that interest shull be puid on the Funds. Lender shull give to Borrower, ;—
<br /> ., without chargc,un unnual uccounting of the Funds, showing crcdits and debits to the Funds und the purposc for which each
<br /> debit to the Funds was made.The Funds are pledged as additional security for ull sums secured by this Security lnstrument. —
<br /> If the Funds held by I.ender exceed the amount� permnted to be held by applicable law, L.ender shall account to Bonower
<br /> � for thc excess Funds in accordancc with the reyuircmcnts n(appliruble law. If the amount of thc Funds hcld by L.cnder at any -
<br /> timc is not suffKicnt to pay thc 8scrow Itcros whcn duc.L.endcr muy so nutify Borrowcr in writing,und,in such cusc Borrowcr
<br /> � shall p3y to l.cndcr Qtic amount ncccssary to make up thc dcticicnc�. Borrower sh:�ll make up the deficicncy in no more than
<br /> twelve monthly payments,ut L.endcr's sole discretion. ,
<br />� Upon payment in fuU of all sums securcd by this Sccurity Instrumcnt. Lender shull prompsly refund ro Banowcr any
<br /> Funds hcld by l.endcr. If, undcr puragraph?I, Le.nder shall acquirc or scll thc Property,I.cnder, prior to the xquisition or sale _
<br /> of the Praperty,shall apply uny Funds held by L.cnder at thc timc of ucquisition or s�le as a crcdit against the sums secured by
<br /> ' this Securiry Inurument. '
<br /> 3. Application of Payments. Unless applicublc law provides othenvisc,all payments received by Lender under puragruphs
<br /> ' 1 and 2 shall bc applied: first, to any prcpuymcnt charges duc under the Note: sccond. to umounts payablc under paragraph 2; '
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<br />: � . �� third,tci interesc due: fourth.to principal due:and last,ro any late ch:trges duc under thc Note. _
<br /> _ 4. Charges; Ltens. Borrower shall puy all taxes,assessments, charges, fines and impositions xttributablc to the Property _
<br /> ' �+ which may attain priority ovcr thi� Securiry [nstrument, and Icaschold payments ar gr��und rents, iF uny. Borrower shall pay =------
<br /> these obligations in the inanncr proviJcd in paragraph 2,or if not paid in that manner. Borrowcr shall pay them on time directly = .
<br /> � to thc person uacd puymcnt. Borrowcr shaU promptly furnish to L.cnJcr ull noticcs of umountx to bc puid under this parugraph. -
<br />' If$nrrow�cr mak�;s thcsc puymcnts dircctly,Bc�rrvwcr shall promptly fwnish to Lcndcr rccciptti evidencing thc paynients. ��LL
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