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<br /> • TOOETHER WIT41 all the improvements now on c�reafter erated on the property, und all easements.nppurtennnces,and
<br /> fiatures now ur hereafter e pan of the propeny. All replacements and ndditions shall also be coverenl by cl�is Secu`lty
<br /> � Instrument. All of the fore�oing is referrcd to in this Security[nstrument as the"Property." '
<br /> , .� BORROWER COVENANTS tl�at Borrowcr is lauifully selsetl of t�e estate hcreby conv�yed and has the right to grent and
<br /> '� ` comiey the Property and that tho Property is unencumbered, except for encumbrances of tticord. Bonower warrants and wlll " .,
<br /> , defend generally the title to the Propeny agalnst all cltums and dem�nds,subject ta any encumbrances of record.
<br /> � ..r.a,r, THIS SECURITY INSTRUMENT cambines uniform covenants for national use and non-untform covenants wich limited
<br /> � � variations by jurisdiction to constitute a uniform security instrument covering re�l property. ;
<br /> UNIFOYtM COVENANTS.Bonower nnd Lender cove�nant and agree as follows:
<br /> 1. Payment of Princlpal eud Interest; Prepayment and Late Cdnrges. Borrower shall pmmpdy pay when due the , ___ ;
<br /> , , principal of and interest or_the debt evidenced by the Note and any pre.payment and late chazBes due under the Note. ±�-^°=�_
<br /> 2. �nds for Toxes und Insurance. Subject to applicable law or to a written waiver by I.ender,Borrawer sh�ll pay to '-.''���
<br /> =�;,�_.
<br /> . Lender on the day monthly payraents are due under the Note,until the Note is paid in fu11,a sum('Funds")for: (a)yearly taxes ��A.�,-
<br /> ' and assessmenu which may attain priortty over this Security Inscrumenc u a lien on che Praperty; N) y�rly leasehold payments �_�-�
<br /> _.. :.. or ground rents on the Properry.if any;(c)yeacly hazard or property insaranee premiuins;(d)yearly flaod insurance premiums, ,_ ____
<br /> if any; (e)yeazly mortgage insurance premiums,if any; and(� any sums payable by Bonower to Lendcr, in aca,rdtuice wid� ,-_ _-
<br /> ��'���'.�.. the provisions of paragraph 8, in lieu of the payment of mort�age insurance premiums.These items are callecl "Escrow Ttenis." yG;��µ--
<br /> `��ri U;;f I.ender mny, at ury tlme. wllect and hold Funds In an amount not to exceed the maximufn amowit a lender for a�Tederally
<br /> , � ,�' � related mortgage loan may require for Bonower's escrow account under the fef]eral Real Estate Settlement Pracedures Act of � �_:
<br />_, " ,� 1974 as amended from time to timc. 12 U.S.C.Section 2601 et seq. ('RESPA"),unless another law that applies to the Fumis _ ����;-
<br /> secs a lesser amount. If so,Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. �;:�:�.�^
<br /> , Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future -
<br /> � Escro�v Items or othecwise in accordance with applicable law. --
<br /> The Funds shall be deld in an institution whose deposits nre insured by a federnl agency. instrumentality, ar entity
<br /> i , (including I.eader,if I.ender is such an institution)or in any Pederal Home Loa��Banlc.I.ender shall apply the Funds to pay the -
<br /> ,� Escrow Items. Lender may not cdarge Borrower far holding and applying the Funds,annually analyzing tt�e escrow account,or _.-�
<br /> verlfyiug the Escrow Iterus,unfess Lender pays Bano�ver interest on tlie Funds and applicable law permits Lcnder to make such �,�.
<br /> � • i a charge. However, Leadermay require Borrower to pay a one-time cnarge for an indcpencic��t te�S estate �a�.r�y,;,rting s:,rL�3w. ::.�'::;
<br /> �.� used by Lender ia connectlon with this loan,unless applicable law provides otherwise. Unless an agreement is made ar �-��
<br /> applicable law requires lnterest to be paid, I.ender shall not be required to pay Soaower any interest or earnings on the Funds. R
<br /> _ � Borrower aud Lender may agrce in wdting, however, that interest stiall be paid on the Funds. Leuder shAll give to Boreower, ___
<br />- ° without chazge, an annual accounting of the Funds,showing credits and debit�to the Funds and the purpose foc which each _
<br /> • ' debit to the Punds was made,Thc Eunds are pledged as additional security for all sums secured by this Securiry Instnunent. -
<br />-_. � If th�Funds held by Lender exceed the amounts pern►ittad to be hcld by applicable law, Lender s6a11 account to Borrower
<br />_ • � �`'::a� ' fo�the excess Fuads in accordance with the requiremenu of applicable law. If the amount of the Funds held by l.ender at any —
<br />-�• %:������• ' time is not sufficient to pay the Escrow Items whea due,Lender may so notify Borrower in writing, and,in such case Bonower
<br />�'""�� ' shall pay to L.ender the arnount necessary to malce up tht deficiency. Borrower shall make up the deficiency in no more than —
<br />=�s.��','�� �' twelve monthly payments, at Lender's sole discretion. -
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<br /> ;��-�,-',f�f`�t'� •��' Upon payment in fu:l of all sums secured by this Security instrument, Lender shall promptly refun to Boirower any __
<br />''-`�'=`���• Funds held by I.�nder.If. under paragraph 21,Lender shall acquire or sell the Property, Lender,prior to the acquisltion or aale `
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<br /> a..-,,;u�t',,,;. ' of the Property. shall apply any Funds held by Lender at the time of acquisition or sale as a eredit against the sums secured by _
<br /> -- "' ���' this Security Instrument. "`�
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<br /> __:<_�,;.�, 3.Application ot Payments. Unless applicable law provides othenvise,all payments received by Lender under pnragraphs __
<br /> " "'''R'�� 1 and 2 shall be applied: first. to any prepayment charges due under the Note; second, to amounts payable under pazagraph 2; _
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<br />=_ti;.'„y�; ., third,to interest due;fourth,to princlpal due; and last,to any late charges due under the Note. - -
<br />'-s,s�r�� 4.Chvages;Ltens. Botrower shall pay all t�vices,assessments, eharges, fines and impositions attributable to the Property �-
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<br /> .a:����:"� which may attain priority over this Socuriry Instrument. and leasehold payments or ground rents, if an��. Borrower shall pay �_-
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<br />�,;,.........�. these obligatious in die manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on tirae directly ��Y.
<br /> =�:;�=.'"�� , ro the person owed payment,Borrower shall prompdy fumish to I.ender all notices of amounts to be paid unde, this pnragraph. _ _
<br />_ '"'`+� ' If Borrower makes these payments d9rectly,Borrower shall promptly fumish to Lender receipts evidencing the paymeau.
<br /> � Borrower shall promptly discharge any liea which has priority over this Securlry Instrument unless Borrower: (a)agrecs in -`
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in govd faith thc lien "'�_= _
<br /> by, or defends agalnst enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the :��-
<br /> enforcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory[o L.ender subordinating the lien ta -��=r-
<br /> , �; this 3ecurity Instniment. If Lender detemiines that any part of thc Properry is subject to a lien which may attain priority over f�;��:"'
<br /> , this Security instrument, Lender may give Borrower a notice idencifying the lien. Borrower shall satisfy t4�c iten or take onc or . .`�'_�"
<br /> ' ! moro of the actions set fonh above within 10 days of the giving of notice. '?�i•r:
<br /> _ : , " I Form 3028 91�0 . .�'�;'
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