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<br /> c� TOGETHER WiTH all chr improvemeist+nuu ur hercafter ereited on�he propercy.:►nd:�� ea�ement4, appurtenances.and . �: . �
<br /> • _ r
<br /> ; � fiztuse.+ ne�w ur hzreafter a part �f the propert}. All replacemen[s and sdditiun+ shall :ilso be coverc�i by thic Securiry ' -
<br /> Instrurr.ent. All uf the foreLec�ing i+referred to in thi+Security Instrument as the"Pruperty." �y '
<br /> � BORR0IVER COVENANTS that Burtower i.laµ�fully.e�.c�+uf the�ca�e hereby cunveyeci and ha,the nghc to grant and . , _
<br /> �, convey the Pmperty and thal the Proprrty u �nencumbered, except fur encumbrancea of re�rord. Borrower warrants and will r �, _�;•
<br /> � defend generally the title to thr Property agatmt ail�laims and dem-trtd�.+ub�ect to any eneumbrances of teeord. .. u • • ' , 'v�
<br />' TH15 SECURTfY INSTR�1�fENT cumbine.uniform cu�•en:�nt� for natiunal use and non-unifurnt��ovenants �vith limited , • � � : � � ;�if
<br /> variations by jurisdiction to cumtiwte u uniturm+cYUritp instrument ativering real property. . - • _
<br /> ' U NIFORM COVENANT5. Burro�cer and Lxnder covenant and agree as foUows: • �'<'• ` _
<br /> � I. Paymertt of Principal and InLerest; Prepayment and Late Charges. Borrow�:r tihall promptly pay ufien de�c thc - -,-----;f•�Y_�_R-+: -
<br /> principal of and intere�t on the debt evidenced by the Note and any prepayment and late rharges due under the Note. • . i , i
<br /> 2. Funds for Taxes and Ltst�rance. Subje�:t w applicable taw or w a written waiver by Lender, Borrower sfiall pay to , � : �-
<br /> Lender on the day monthl}•payments are due ander the Note,until the Note is paid in fuil,a sum("Funds")for:(ai yearly taxes �r"�"`�""�`�°°'��'_
<br /> and assessments which may�attain priority over this Secwity Instrument as a lien on the Property:(b)yearly leasehotd payments —_
<br /> or grouced renu on the Propeny,if any:Ic)yearl} hn7ard or property insurance premiums:(d)yearly flood insurance premiums, „ ,� :_y. ;;:; . �'•
<br /> if any: le)yearly mortgage insurance premiums. if any: and(fl any sums payable by Borrower to Lender, in accordance viith '� J4����
<br /> che provisions of paragraph 8,in lieu of the payment of mortgaDe insurance premiums.These items are r a l l e d"E scrovi Items." �'-'��--�,�..
<br /> Lender may, at any time, collect and hold Fureds in an amount not to exceed the maximum amaunt a lender for a federally ,_� �':��`"=���.
<br /> ...t .;.:.�'s
<br /> related mortgage loan may require for Borrower's escrow account under the federa! Real Fstate Settlement Procedures Act of � �:
<br /> 1974 as amended fmm time to time. 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds �" �'�`'�"=_�;-=-__
<br /> � sets a lesser amount. If so, I.ender may. at any time, collect and hold Funds in an amount not to exceed the lesser amount. . '"r'�'�`
<br /> �; �-��,
<br /> ' Lender may estimate the amount of Funds due on the basis of curcent data and reasonabfe estimates of expenditures of future ..'};,._� •�'--� : -.
<br /> Esccow Items or othenvise in accordance with a�tplicable law. - � �'° —
<br /> `,. , _
<br /> 'the Funds shall be held in an institution whose deposiu are insured by a federal agency, instrumentality. ar entity �.�:...:--'1-���-
<br /> ��#?�':?'R",�_�
<br />� (inclading Lender,if Lender is such an institution)or in any Federal Home Loan Bank.Lender shall appiy the Funds tu pay the �-�-r--.,.� +��,,,
<br /> °� . Escrotiv[tems. Lertder may not chazge Borrower for holding and applying the Funds.annually analyzing the escrow account,or , ,'�_,�;�.;�
<br /> ,:�,� verif}i._3 the Escrow Items, unless Lender pays Borrower interest on the Funds and applirable law permits Lender to m a ke suc h ' '
<br /> ::•.--r,e-i
<br /> a char�;�.However,Lender may require Borrower to pay a or,e-time charge(or an independent real estate tax repo�ting serviee • ��'. .,_ , �•F;:
<br /> used by L.ender in connection with [his loan, un!ess applirable law provides otherwise. Unless an agreement is made or `"`�
<br /> ._�';:,';�.
<br /> applicable law requires interest to be paid,Lend�r s!�all not be required to pay Borrower any interest or eamings on the Funds. •�
<br />� ,..
<br /> Borrower and[.ender may agree in w�riting.houe�er, that inierest shall be paid on the Funds. Lender shall give to Borrower, �-��.',::;h�';; _
<br />. without chazge. an annual accc:unang of the Funds, showing ctedits and debits to the Fur3s and the purpose for which each u "' ''}5� � +
<br /> debit to ihe Funds was made.The Funds are pledged as addiue:�securiry for all sums se�r.ai by[his Security Instrument_ ?�..,u•�,,,
<br /> If[he Funds held by Lender exceed the azaQ:'ncs permiriea co ce held by applicable lac:.Lender shall account to Borrower t.. :��. ;..�
<br /> for the excess Funds in accordance with the requi:�..._.ents of applie:able law- �the amount of Ihe Fund�i.eld by Lender at any "�� ; �;�-�!"�,f--
<br /> .�,rs::;;:_
<br /> time is not sufficient to pay the Escrow Idems when due, l.ender may so notify Borrower in writing,and..in suc h case B orrotiver - � ,r�,��:.,i.
<br /> shall p�u to Lender the amount necessa: �to make up the deficiency. Borrower shall make up the deficiency in no more than _ , „ _, '•�i''�"���
<br /> � . twelve�onthly payments,at Lender's sole discretion. �'-�
<br /> • Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender.If,under paragraph 2l. L,ender shall acquire or seU the Propeny,Lender,prior to the acquisitian or sale � ��"'"'
<br /> ��:��r
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit agains:che sums secvred by '� �+-�z��— ,�__..
<br /> this Security Instrument. `•'�-- =
<br /> PP Ym PP P P Y Y P' �P '.��:
<br /> ' 3.A Ileatlon of Pa ents.Untess a licable law rovides otherwise,all a men:a��..ceived b Lender under W a hs - '• � f
<br /> 1 and:shall be applied: first,to�-�L�repayment charges due under the No:e:second,t� �..-nounts papc:*3e under paragraph 2: + ' -•.�,:_:.•..�,..'�°�
<br /> third.to interest due;fourth,to principat due:and last,to any late charges due under the Note. �-`�'�-;�„L:{ „�_
<br /> 4.Charges; Uen9.Snrro��er sha:l pay a11 taxes.assessments,charges. :`.•nes and impositions aurastable to the Property ��:!'•:. '°�+��:.::->�
<br /> � whia't .^ay attain prioriry over tl�:s Security Instrument. and leasehuld payments or ground rents. if any. Borrower shall pay ��°'*«':-;_.
<br /> these ab!igations in the manner provided in paragraph Z,or if not paid in that manner,Borrower shall pay them on ti�:directly "'�"`-��
<br /> to the person owed payment.Borrower shall promptly fumish to Lender all notices of amounts to be paid under this�.,�agraph. -_;Y,��_':_�
<br /> If Borrower makes these paymenu direcdy,Bonower shall promptly fumisl�to Lender receipts evidencing the paym�s. _ __ "'�t��-."•'�
<br /> � Borrower shall promptly discharge any lien which has priority over th:s Security Instrument unless Borrower:(a!agrees in r �-���`--
<br /> . writing to the payment of the ob}igzdon secured by the lien in a manner acceptable to Lender:(b)contests in good Esic::the lien ':��.���.,.
<br /> by, or defends against enforce:~�e�� of the lien in, legal proceedings which in the L,e��er's opinion operate to �n:vent the -'f,-'' ,� . -
<br /> enforcement of the lien;or(c?�-:�s from the holder of the lien an agreement satisfactory to Lender subordinating the lien to x;� �„�; �,.,, :
<br /> this Security lnstrument. If Lender determines that any part of the Property is subject to a lien which:�ay attain priority over :..��_";:;;�•.•...
<br /> this Security Instrument.Lender may give Borrower a notice identifying the lien. Borrower shall sati�t�.the lien or take one or ��-� =
<br /> more of the actions set forth above within 10 days of the giving of noticc. �1"�'`�'"'"'"'�,'•"�
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