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<br /> '1'OGETHER WITH ull thc impruvements no�v or hereafter erected an the propeny.�ind ull easement,. uppurtenances, und
<br /> - � fixturcti now un c�r��Rer u part of thc properry. All rcplucements and additions shall alxo be c�wrrrd by this Sccurity
<br /> "' In�trunsnt.All of the forcgain�is rcfcrred to in this Sccurity Instrument as the'Property."
<br /> BORItUWIsR COVENANTS that Bormwc�-is lawfully sciscd uf thc cstutc hcrchy ronvcycd and hus thc right ti�grant and
<br /> � �}'� convey the Propr,rty and that the Property is unencwnbered, except for encumbrunccti of record. Borrower warmnts und will
<br /> � - d.�fcnd generally the title to the Froperty�against all rlaims and demandc, suhjeci��.any encumhr:in�e�of rece�nl.
<br /> �"f'�'r'� • 'i'HIS SECURITY IN5'fRUMENT combines w�ifornti cavenu�ts for nutional use and non-unifonn c�venants with limited
<br /> ;,�;-,�,' variations Uy jurisdiction to constitute a unifomi securiry ins;niment covering real property.
<br /> �,,�� , UNIFORM COVENANTS. Bnrrowcr anci I.cndcr cnvenant atid agrcc as follows:
<br /> •"`'� . � l. Payme�t uf Principal and lrtterest; Prepuyment and Lute Chnr��s. Borrowcr shall promptly pay when duc the
<br /> „ 3 principal of and interest on thc dcbt evidcnced by the Note and any prepayment and latc charges duc under the Note.
<br /> 'E 2. l�mttls Por Tax� ttnd Insurance. Subject tu applic:►ble law or to a written �vaiver hy Lender, Burrnwrr�hall pay to
<br /> '• � I.ender on thc day monthly pa}•ments arc due under thc Nntc, until the Na�te is paid in full, a sum("Fund�;") !'�r: (u)yearly taxes
<br />_ �'' and ussessmenis which mxy uttain priority c�ver this Securiry Instniment as a lien on the Propr,rty:(b) y�:ufy Ia�:i:+eJiold payments
<br /> k or ground rents on the Pruperty, if any;(c)yearly hazard or property insurnnccpremiums:(d)yearly flo�xl ire;�:a�r.r.e premi�ar.ns.
<br /> ' 'k if any: �el yearly martgage insurance premiums, if:iny: and (fl any sums payable by Bormwer to L.ender, ir arcard:lr*,ce with
<br /> � . _,�. th:provisions of paragraph 8, in lieu of the payment of mortgage insuranee pnniiums. These items are cal.".:�xi'Eiscrow ltems."
<br /> • �,c Lender may, at any time, collect und hold Funds in an amaunt not to exc.°,e�l the maximum amount a lec�'�:r far a federally
<br />- " related mortgage loan m�y require far Borrower's escrow account undCr lh� (�ferul Reat Estate Settlem�r.t ��cH:edares Aci of
<br />� . - 1974 as:unended frum time to timc, 12 U.S.C. Section 2bUi et seq. ("RESPA"), unle�.c anoeher law that appluzs e;��h,e F�ends
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<br /> ' s�ts a Iesser amount. If so, L.ender may, at any time, collect and hold Funds in an amount rot to cxceed the I�sser amuvnt.
<br /> : ,Y ;• Lender may estimate the amuunt of Funds due on the basis af current data and reasonable estimates of expenditures of f'uture
<br /> +' �� Escrow Itenis or othenvise in accordance with applicable law.
<br /> ._� � The Funds shull � held in an institutio�n �vhosc deposits arc insured hk• a federal agency. instrv���ntality, or entity
<br />�i� �• (including Lender,if Lender is such an institution)or in any Federal Home Loan 8ank. Lender shall upply�S��e�unds to�ay the
<br />°^�• ���` �' Escmw Items. C.ender,may not charge IIorrower for holding and npplyin�the Funds,annuul�y analyzir.g tile escrow accaims.or
<br /> ��„ ; verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and npplicabl�ta�v permits I..ender to mflke such
<br />- �•''; a charge. However, Lender may require Borrowcr to pay a one-time charge far an independent real estar�taa reportin�servicc
<br />-�'��S•.•"�`'. used by L.ender in conn�ction with this loan, unless applicable luw providcs atherwise. Unlcss an agreement is made or
<br /> -"�?4,.:.,_;:i,-;w appiicabie iaw rcyuirr�inic�r�t iu ur paid. L.c�i�ci 5ri&=i ivI�ic iajiiiia� iv j�ay P,"viTviiCi 3iij'liS2�iwt Cf Cµ'TiSt�b�:.:!���::T.L�°.
<br />='��r'?�`•'`�'� Borrotiver und l.ender may a�ree in writing, however, that intemst shall lx paid on thc Funds. Lender shal l give to Bflnower,
<br /> y��"'��'������� without chm•.,e an annuul accountin of the Funds, sliowin credits nnd debit� to the Funds and the u sc for which Each
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<br />=;".'='_�"�S ." debit to the Funds was made.The Funds are pledgai as additional security for al! sums secured by this Securiry Instrument.
<br />�ry�:i.;�i�'" If the Funds held by�.ender exoeed the amounts permitted to be hPld by app}icable law,Lender shall account to Borrower
<br />�•;'�� for the exc:ess Funds ln ttccnrd�.noe with the requirements of applicF►ble law. If the amount of the Funds held by Lender nt any
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<br /> time is not sufficient to pay the Escrow Items when due, I.ender mny so notify Borrower in writing, und, in such case IIarrower
<br />���J�:"�� shall pay to Lender the arr►ount necessary to make up the deficicncy.Barrower shall make up the deficiency in no more than
<br /> ���=;�• �5„� twelve monthly payments,at L.ender's sole discretion.
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<br />_;i6;.�,�s„ Upon payment in full of all sums secured by this Securiry Instrumcnt,Lcuder shnll promptly refund to Borrower any
<br /> °^^�c�a��s Funds held by Lender.If, under paragraph 2I, Lender shall acquin:or sell the Property,l..ender,prior to the ncgaisition or sala
<br /> ___ "' ° of the Property,sBnll apply any Funds held by Lender at the time of acquisition or sule as a credit against the�ums secured by
<br /> --- this Security inst�ument.
<br /> �"��°�-'��� 3.Appllcatlon o4 Payments.Unlcss applicable la�N provides otherwise. :dl payments received by Lender under parpgraphs
<br /> �--���� 1 and 2 shall be applied: f'arst,to c�ny prepayment charges duc undcr the Nute:sccond.ro amounts pa�able under ps��agraph 2;
<br />- -_= __= thircl,to intcrest due; fanedh,to principal due;and last,to:uiy late charges due undcr the Note.
<br /> =-N��??:;� 4. Charges; Lfens. Borrowcr shall pay all taxe.c,assessments, charges, fines and impositions attributuble to the Pro�erty
<br /> �=���=�`�� whicl� may attain priority over this Security Instrument, and leasehoid payments ar gmund rents, if any. Borrower s�n�i! �ay
<br /> '"—'-`'-�"� these obligations in the manner providod in parrgraph 2,or if not paid in that manner, Borrowcr shall pay them on time direstly
<br /> - to the person owed payment. Borrower shall pmmptly furnish to Lender all notices of amoums to be paid under this paragraph.
<br />--- — If Borro�ver makes these payments direcdy,Bono�ver.hall promptly furnish to Lender reccipts evidencing►he payments.
<br /> —=--^�-=�_'• Bonawer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees in
<br /> -�`�'�;�a writing to the payment of the obligation sccured by the li�n in a manner aaeptabte ro 1Lender;(b)cantcsts in good faith 2he licn
<br /> =��'•'''•+ tit by, or defends against enforcement of the lien in, legal procoedings which in the Lender's opinion operate to prevent the
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<br /> -`:"t.��..:nz:: enforcement of the lien;or(c)secures from the holcier of the lien an agretment satisfacrory to Lender subordinating the lien to
<br /> - �' '°' this Securiry Imtrument. If Lender determines that any pan ot'the Property is subject to a lien �vhich rnay attuin prioriry over
<br /> - �` '�•��`�, this Sec�crity Instrument. L.ender may give Borrower a notice identifyin� the lien. Borrower shall satisfy the lien or take one or
<br /> -- �� ' , more af the actions set forth above�vithin IO days of the giving of notice.
<br />�:?`"� '" Form 3028 9180
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