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<br /> TOCiE'fNER W1TH ail thc improvcmcnts now ar hercaftcr erected on thc propcny,and all eas�emcnts, appurtcnanc:es, and
<br /> fixtures now or hereafter a part af the propeny. All rep]acements and addidons shall also be covered by this Secudty InstrumenG _.
<br /> All of the foregoing is referred to in this Secudty Instrument as the"Property." '
<br /> � ' AORROWER COVENANTS thut Bonawcr is lawfully seiscd of thc cstatc hcreby convcyc�and hus thc right to gcant and --
<br /> � convey Ute Property und that the Propc:ity is unencumbeeed, except for encumbrances of record. Borrower warranis and vrill � �_-
<br /> ; defend generally tha titie w the Property against all claims and demands,�ubject to any encumbrances of record. {,,_
<br /> � THIS SECURITY INSTRUMfiNT combines uniform covenants !or naUOnal use and non•uniform covenanis with limitcd _
<br /> ivariutions by Jurisdlcdon to consamte a uniform sesuriry inswment covering real property.
<br /> , LJIVIFORM COVENANTS.Borrower and L.ender covenant and agree aQ follows:
<br /> I 1.Fayment of Priac[pal and lnterest;Prepayment and Late Charges. Aonnwer shall promptly pay when duc U�e _–
<br /> ' principal of and interesc on the debt evidenced by Ihe Note and eny prepayment and late charges due under the Note. .
<br /> 2.Y�'unds for Taxes and Insuronc�e. Subject to appllcable I�w or tn a wriuen waivcr by Lendcr, Borrowcr shall pay w
<br /> Lender on the day monthly payments are due under the Note,until thu Note is paid in full,a s��m("Funds")f�r.(a)yearly taxcs
<br /> a�id assessments which may attain priority over Ihis Security Inswment as a lien on the Property; (b)Yearly leasehold paymen�s
<br /> or ground renss on the Property,if anY:(c)Yearly hazerd or property insurance premiums;(d)yearly flood insurance premiums,if
<br /> any; (e)yearly mortgage insurance premiums. if any;and(�any sums payable by Bonower to Lender,in accordance with �he
<br /> provisions of paragraph 8, in lieu of the payment of mongage insurancc premiums. These items are called "Escrow Items."
<br /> Lender may,at eny time,collect end hold Funds in an amount not to exceed the ma�cimum amount a lender for a federally related
<br /> mortgage loan may require for Bomower's escrow account under the federal Real Bstate Settlement Procedures Act of 1974 es
<br /> amended from dme to time, 12 U.S.C.Secdon 2601 et seq. ("RESPA"), unless another law that applies to the Funds sets a le.�ser
<br /> amount If so.Lender may,at any time, collect and hold Funds in an amount not w exceed the lesser umoun�Lender may �
<br /> estimate ihe tunount of Funds due on the basis of cur�nt dnta end reasonable espmetes of expendiwres of future Escrow Items or [
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<br /> othenyise in accordence with applicable law. �'
<br /> � �, 'It�e F��nds shall be held in an institution whose deposits are insured by a federal agency,instrumentelity.or endty(including __
<br /> Lender,if Lender is such an insutution) or in nny Federal Home L.oan Bank•I.ender shall apply the Fw�ds to pay ihe Escmw
<br /> Items.Lemier may not charge Borrower for holding und applying lhe Funds,annually analyzing the escrow account,or verifying
<br /> ��'' the Escrow Items.anless I.ender pays Borrower interest on the Funds and applicable Isiw pe:mits I.ender to make such a charge.
<br /> _--- . _ ���;�,�,��� �;z�.,�.nnn�wP.r tn nay a one-wne charRe for sui independent real estace tax reporting s�Mce used by
<br /> ' " Lender in co�ecdon wlth this loan,ur�less applicable 1aw provides othe�wLse.Unless an agreement is made or appllcab�� iaw �
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<br /> �eq�ires interest to be paid.Lender shall not be required co pay Borco�ver any auerest or eamings on the Funds.Borrower end
<br /> Lender may agcee in wrltin8.however,that iu►terest shall bc paid on the Funds.L.ender shall give to Borrower,without charge,an
<br /> annual accoundng of the I'unds.showing credits amcl debits to the Funds and the purpose for which esch debit to the Funds was
<br /> made.'Ilie Funds are pledged as adclidonal securiry for all aums secured by this Security Insavment
<br /> If tl�e Funds held by Lender exceecl the amounts permiued to be held by applicable law.Lender shall account to Bonowea tor
<br /> ,� . the eacess Funds in accardance with the requirements of applicable law.If the amount of the Funds held by L.ender at eny time is
<br /> �,; not sufficicnt W pay the Escrow Items wt�en due,I.ender may so notify Borrower in wridng,end,in such case Borrower shall pay _
<br /> , r to Lender the amount nc�ssary to make up the deficiency. Botrower shall make up the deficiency in no mom than twelve _
<br /> monthly payments,at I.e�►der's sole discretion.
<br /> � Upon payment in full of ell sums secured by this Security Insuument,Lender shall prompUy refund w Borrowu any Funds p�r
<br /> '�� held by Lender.If,under paragraph 21.Lender shall acquire or sell the Property.l.ra►der,prior to the acquisiaon or sale of�he __
<br /> , . ;' Property,shaU apply any Funds held by I.ender at the dme of acquisiflon or sale as a credit egainst the sums secured bY ih�s �='--
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<br /> . Securiry Instrumen� `
<br /> � ��� 3.Appliration of Payments. Unless applicabie law provides otherwlse,all payments reccived by Lender under paragraphs
<br /> – ! ,�,,,��g?�}��y��pgL�; fLrot,to�n;greF2ynenc charges due unde�the Note;se.cond,to amoants payable under pnragra�2; •°-
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<br /> Ihird�co inteiest due;fourth,to principal du�;and lasi,to any latc chaz8es due under the Note. -{–,�,�.�:�-�-_
<br /> ,. 4.C6arges;Lk�s. Borcower shall pay all tsuces, assessments,cliarges, fines and impnsidons amibutable to the Property
<br /> w- � which may attain pdoriry over this Security Instwnent,end leasehnld payments or ground rents,if any.�orrower shall pay tliese -_
<br /> " �� obligations in the manner providc�in paragraph 2,or if not paid in thnt manner,Borrower shaU pay ihem an time direcdy to ihe ''_=_
<br /> r` per�on owed paymen�Borrower shall prompdy fumish to Lender all notices of amounts to be paid under thi.4 paragcaph.If --_--�
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<br /> . Borsower makes these payments direcdy.Borrower shall prompdy fumish w Lcnder receipts evidencing thc payments. � :�,Y����tif'�
<br /> Borrower shall prompdy dischargc any lien which has priority over this Security Instrument unless Barrower.(a)egrcxs' �.x•_:t„ .
<br /> �� . writing to the payment of the obligation secured by the Uen in a manner e�cceptable to Lendex,(b)contesLS�n good faith the lien {�;=.``
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<br /> by, or dcfends against enfurccment of the licn in, legal proceedings which in the Lender's opinion operate w prevent ih�e -
<br /> enforcemeant of the lien;or(c)secures from the holder of the lien an agreement satisfactory w Lender sutwrdinating the lien to .
<br /> " this Security Instrument If L.ender detennines that any part of the Property is sub,ject to a lieu which may susir►priority over ihis „
<br /> Security Instrument,Lender may give Borrower a notice identifying the Gen.Borrower shall satisfy the lien or taice one or more . .
<br /> of the acdons set forth above wi�hin 10 days nf the giving of notice.
<br /> Form 302d I190
<br /> �-6R(NE�1a2�21.0+ aaa�2 0�e i�mais:
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