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<br /> ' 'TO(;ti'I'l1Eli WITH nll thr improvcment+nrnv un c�rcafter crected rn�thc praperry,and ull cascmcnts,.�ppurtenan�cy, un�f _
<br /> fixtu��es now �in c�rcaftcr u part of thc properry. All rcpluccmcnts und additions shall ulso hc cuvcrcd by this Sccurity
<br /> . Inslrununt. All uf�hc furcguing is refcrrcd to in thiti Sccurity Instrumcnt us thc "Property." .� -
<br />��� IIOIZROWEiR CUVk:NAN'fS tl�ut t�ormwcr iti luwfully sciscd uf thc estmc hcrchy convcycd and hus thc right ta grant und 4_
<br /> cuuacy thc Pn�perly imd �i1a� tlic P►•o�eity is unencumhered. except fnr c�icwnbr,mce� of recurd. B��rrower w;irr:mtr and wiU �
<br /> �arf�Yl=� defcnd bcncrally thc tidc t��the Prnperty aguinst uU clnims nnd demm�dti, subjcct to nny cncumE+rnnces�if record.
<br /> �_� THIS S�CURITY 1NS'fRUMENT combincti unifarm covcnants for nationnl usc and nrnrunirorm covcnnnts with limitccl
<br /> -.�'"""�„a,i,. vnrilitions by jurisdiction ta cansti�utc u uniform sccuriry instrununt covcring rcal property. �
<br /> -"'�!�`T UNIFORM COVENANTS. Dnrrawcr and Lcncicr covcnunt und ugrcc�.s follows: -
<br />� 1. Puyment of Princlpul nnd Intcrest; Prcpuyment and Lutc Chiirge.y. Borruwcr shall promptly pxy whcn due thc _
<br /> ' principi�l of and intcrest on thc dcbt evidcnccd by the Note und any prepaymcnt nnd Itrtc charges duc undcr thc Note. _
<br /> �l• Z. l���ndy for Taxes und Insurunce. Subjcct to upplicuble luw or tu it written wuiver by Lender, Horro�ver shall pay to -
<br /> � L.ender on thc day monthly payments are due undcr the Nate,until the Note is pnid in full,a sum("Tunds")for:(a)yearly taxes =
<br /> • .. and asscssmcnts which uury attain priority ovcr this Security Instrument as a lien on the Property;(b)yeurly leasehold payments =
<br /> or ground rents on the Property, if any;(c)yearly h;�ard or property insurunce premiun�s;(d) yearly fiood insurance premiums, _
<br />_ _ �"'� if uny; (e)yearly m�rtgage insurance premiums, if any; nnd (� ony sums pnynble by Horrower to Lender, in accordancc wlth =-
<br />-_`;r�±� the provisions of paragraph 8, in lieu of the payment af mortgage insurance premiums. These items are ctilled'Escrow items." _
<br /> �.'•�^ Lendc� may, at any time, collect und hold Nunds in un umoun[ not ta excecd the muximum amount a lender for a fedcrally �
<br />=';�; ' �.7 related mortgage toan may require for Borrower's escrow account unde�the federal �ral Estate Settlement Procedures Act of -
<br /> 1974 as an�endeci from time ro time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applics to thc Funds -
<br /> _-;,,,,:;.�. sets u Iesser amount. If sa, L.ender may, at uny time,collect and hold Funds in an amount not ro exceed the Iesser amount. -
<br /> '� " Lender may estimatc the umount of Funds duc on thc basis of current duta and reasonable estimates af expenditums uf future _
<br />__,;,:;-�, Escrow[tcros or othcrwisc in accordancc with applicable law.
<br />"=ry'., Y� The Funds shull be hcld in an institution whose dcposits are insured by a federAl agency, instrumentaliry, or cntiry
<br /> �r*�''� (including l,ender,if Lcnder is such an institution)or in any Federal Home Loan 8ank. Lender shall apply the Funds to pay the
<br /> �-i`'"'�,'�k.; Escrow Items.Lender muy not charge Borrower for holding und applyin�the Funds,annually analyzing the escrow accaunt.or
<br /> •- i:�A'C�nr.L
<br />_n;+ �,y_ vcrifying the Gscrow Items,unless Lcnder pnys Borrower inrerest on the Funds and applicable law permits I.ender to make such
<br /> -=='�"�� u chargc. Howevcr, Lcnder may require Borrowcr to pAy u one-time ch:�rgc for an independent real estate tax reponing service
<br /> _.`.:M�.. �... .
<br /> •�� used by Lender in wnnection witi� enis ioan, unicss uppiicanic iuw p,uvidc, oti�c�w���. L%r��"s ar� ah�.,�,��eni i� ma�� c:
<br /> �e�-_� applicable law requires interest to be pnid, I.cndcr shall not be required to pay Borrower uny interest or earnings on the Funds.
<br /> -'-'=`_'"-'� Borrowcr and Lender may agree in writing, howevcr,that inteicst shall be paid on thc Funds. Lendcr shall givc ro Dorrower,
<br /> '�'_—_ wlthout charge, un annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which cach
<br /> debit to the Funds wAS made.The Funds urc plcdged as additional security for all sums secured by this Security In,strument.
<br /> -= ,_,.- If the Funds held by Lender exceed the amounts permitted to be held by applicablc la�v, C.ender shall account to aorrower
<br /> -- for the cxcess Funds in accordance with the requirements of applicnble luw. If the nmount of the Funds hcld by I.ender at any
<br /> --------- time is not sufficient to pay the Escrow Items when due, Lender may so notify Horro�ver in writing,and, in such case Borrower
<br /> - y;"�� shnll pay to i.ender the umount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than -
<br /> ----•---�--- twclve monthly payments,at Lender's sole dtscrction.
<br /> - Upan payment in full of all sums secured by this SYcurity Instrument, Lender shall promptly refund to Borrower any
<br /> ��� - Funds held by i..ender.If, under puragraph 21, L.ender shall acquire or sell the Property,Lender,prior to the acqu+sition or sale
<br /> of the Property. shall apply uny Funds held by Lender ut the time of ucquisition or sale us a credit aguinst the sums secured by
<br /> this Sccurity Instrument.
<br /> � 3.A�pllcation of Pnyments.Unless applicable law provides otherwise,all pnyments rcccivcd by L.endcr under pnragraphs
<br /> 1 and 2 shall be applicd: first, to any prepayment churges due under the Note: second, to amounts payable under paragraph 2;
<br /> -- third,to interest due;fourth,to principal due;and last,to any late charges due under ti�e Note.
<br /> -- �� 4.Chprges;Liens. Borrower shall pay ull taxes,assessments, charges, fines and impositions attributablc to the Property
<br /> . which may attain priority over this Security Instrument, nnd leasehold payments or ground rents, if any. Borrower shnll pay
<br /> these obligations in the►nanner provided in paragraph 2,or if not paid in that manner,Bonowcr shull pay them on time directly
<br />___°----�:�� to thc person owed payment.Bonower shsill promptly furnish to Lender all notices of amounts to be pnid under this paragraph.
<br /> ===�i� If Sorrower makes Yhese payments directly,Bonower shaU promptly furnish to Lc:nder receipts evidencing the payments.
<br /> �,. Borrower shnll promptly discharge any lien w�hich has priority over this Security Instrument unless Bonower:(a)ugrees in
<br /> --' writing to the payment of the obligation secured by the lien in a mamier acceptable to Lender;(b)contests in good fnith the lien
<br /> ----_— by, or defends against enforcement of the lien in, legal procee�lings which in the Lender's opinion operate to p.revent the
<br /> --�' enforcement of the lien;or(c) secures from the holdcr af the lien rui agreement satisfactory to Lender subordinuting the lien to
<br /> �.�",�: this Searity Instrument. If L.ender determines thut any part of the Property is subject to a lien which mny attain priority over
<br /> l•�.��4"`,�� this Security instrument, Lcnder mny give Sorrower a notice identifying thc lien. Borcower shall satisfy thc lien or take ane or
<br /> -`"'�::;,.��� more of the actions set forth above within 10 dnys of thc giving of notice.
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