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<br /> TOGGTHER WITFI �U Qic improvements no�v on c�rcaftcr crcacd on the property, and all casemcnts, appurtenmices, and '
<br /> fixtures now or hereafter a pan of the property. All repincements �fnd nciditions shall also be covered by this Securiry
<br /> Instrument.All of thc foregoin�I�refettcd to in this 5ezurity Instruiucnt ns the "Property.'
<br /> BOARqWER COVENANTS thnt Borrower is IawfuUy scise.!of thc estntc hercby conveycd und has thc right to grtuu nnd
<br /> aonvey the Propeny and that the Property is unencumberecf,except for encUrnbrances of record. Borrower wurrants and will . ,
<br /> defend generally the title to the Propeny against all claims nnd demands, subject to any encumbrances of record.
<br /> •• THIS S�CURITY INSTI�UM�NT combines uniform covenanls for national use ai�d non-uniform covenants witl� Ilmlted
<br /> • -� viuiutions by jurisdiction to consci�u[e a uniform security instrument covering real propeny. ,•�"ti�
<br /> ••�*•"°'� UNIFORM COVEMANT'S,Borrowcr and Lender covenanc and egree as follows:
<br /> '"" '� 1. Ppyment of Prirtslpul and Intcrest; PPCpayment and I.ate Charges. Borrowcr shall promptly pay when due chc � y{;�-
<br /> r.vt.:
<br /> principal of and intcrESt on the dcbt evidenced by the Note and any prepayment and late char$es due under the Note. ' ;;t;,
<br /> � 2. �nds tor Taxes ai�d lnsurance. Subject to applicable law or to a written waiver by I.ender, Bonowar shall pay to :.�,;.F,.
<br /> , • Ixnder on the day monthly payments are due under d�e Note,unti! the Note is pafd in full,a sum("Funds")far:(a)ycarly taxes -`-"��
<br /> and assessments which may attain priority over this Security Instcuntent as a lien on che Property; (b)yeatlY leasehold payments �--
<br /> ..�1 _. _ �LT"_.
<br /> _, or ground rents on the Property,iF any;(c)yeady iiazard or properiy insurance pretniums;(dj yearly flood insurance premium�, � ' ���,x.� _
<br /> , if any; (e)yearly mongage insurance preminms, if any;and(�any swns payablc by Borrowcr to Lendcr, in accordance with =_
<br /> � the provisions of paragraph 8. in lieu of the payment of mortgzge insu�annce p�emiums.These items aze called "Fscrow Items." _
<br /> .} Lender may, at any time, collect and hold Funds in an aznaunt not ta eaceed the m�ximum amount a lender for a federally . —
<br /> � related mortgage loan matiy requlre for Borrower's escrow account uader the federal Real Estate Settlement Procedures Act of --__
<br /> � 1974 as amended from eimc to time. 12 U.S.C.Section 26A1 et seq.("RESPA"),unless another law that applias W the Funds ___
<br /> sets a lesser amount. If su,Lender may, at any time. collect and hold Funds in an anmount no2 to exceed tho lasser amount.
<br /> • ,`, Lender may estlmate the acnount of Funds due on the basis of current data and reasonable estjmates of expanditures of future _�
<br /> � Escrow Items or othenvise in accocdance with applicable law. ,_'�
<br /> T'he Funds shall be held in an institution whose deposits am insured by a federal agency, insuumentnlity, or entity ,__ _
<br /> • (including Lender,if Lender is such an institution)or in az►y Federal Home Wan Bank.Lender shall apply the Funds to pay the �:���
<br /> � Tscrow Items. Lender may not charrge Borrnwer for holding and agplying the Funds.ar�nually analyzing the escro�v account,or
<br /> vedfying the Escrow Items,uniess Leader pays Bonowar interest on the Funds and appiicable law permits Lender to make such :•�.
<br />• a charge. However. I.ender ma�+requirc Borrower to pay a une-time charge for u►independent c+eal estate tax reporting service
<br /> � usad by Lender in connection with this loan, unless applicable law provtdes othenvise. Unless an agreement is mnde or -
<br /> � applicable law requizes interest ro be paid,L.ender shall not be reyuired to pay Borrov�er any intei�est or earninBs on the Funds. °'-
<br /> * Horrower and I.ender may agree in writing, however, that intemst shall bc paid on the Funds. l.ender shalt give to Borrower,
<br /> , without charge, an annual accowting of the Funds, showing credlts and deb"acs to the Funds and the purpose for which each A
<br /> debit to the Funds was made.The Funds are pledged as additional securiry for all su�s secured by this Security Ipsm►ment.
<br /> � If the Funds held by Lender exceed the amounts pemuned to be helc�by applicuble law, l.ender shall account to Borrower �y
<br /> �' for the excess Funds in accordance wi[h die requirements of applicable lt�w. If the amaunt of the Funds held by Lender at any �-
<br />�';;�R•�. • time is not sufficient to pay the Escrow ltetns when due,Lender may so notify Borrower in writing,and,in such case Borrower `'
<br />�:.,r,.;,, • shall pay to Lender We amount aecessary to make up the deficiency. Borrower shall aealce up the defictency in no ruore than �°
<br /> . ' twelve monthly payments,at Lender's sole discretion. _
<br /> Tatiri. �• Opon payment in fWl of all sums secured by this Security Instniment, Leader shall promptly refund to Boaower any °
<br /> Y�r s,�'_''''.: Funds held by Lender.If,under paragraph 21,I.ender shall acquire or sell tho Properry, Lender, prlor to the ucquioition or sale
<br />�,�.,;r`•�-�:� of the Property,shall apply any Funds held by Lender at tt�e time of acquisitivn or snle as a credit against the sums secured by __
<br />�=�=.-�:�.�_::.� � this Securlty Insmiment. �;���.;�
<br /> _�_:.�::�:�_� �,.;�..v.
<br /> _„�,� 3.ApplicaEion of Payments.Unless applicuble law providas otUenvise,all paynients received by Lender undor para�raphs _.
<br /> -s:�.,.s., '�'. . 6'...
<br /> -- a�:,-, : 1 aud 2 shall be applied: first, to any prepaytr.ent charges due under tt�e Note:second, to amounts payable tu�dor p:►ragraph 2; ___
<br />''�'��s � � third,to inter�st due;fourth,to principal due;and last. to any late charges duo under the Note. '
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<br />�;:,, . 4.Charges;Lteas. Borrower shall pay all taxes, assessments,chazges, fines and impositions attributt►ble to the Property =
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<br />�,'r�,�.^j��' � ' which may attain priority over�his Security Instrument,and leasehold paymcnte��ground rents, if any. Borro�ver shall pay __
<br />�~�� -'• Wese obligations in the manaer provided in paragraph 2,or if not paid in that rnonrter,Borcower shall pay them on time directly
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<br /> --`:`,;. to the person owed payment.Bocrower shall pmmptly Pomnsh to I..ender all n�tices of amounts to be paid under this pa��graph. '—"--
<br /> ��_�^.�: If Borcower makes these payments directly,Borrower shall promptly fu�nish to Lender reccipts evidencing the payments. F--"
<br />-"�='•• Borrower shall prompdy diuharge any lien which h�s priority over this Security Irn�truaneat unless Borrower. (a)agrees in =
<br />��'_ :�w .: writing to the payment of t�e o9ligation secured by the lie�n in a manner acceptabte to Lender;(b)contests in good faith the lien
<br /> 1=��;"� _ • by, or defends against 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 ahe holder of the lien an agreement satisfactory to Lender subordinating the lien¢o - -
<br />—_. . this Securiry Instn►ment. If Lender determines that any part of the}'roperty is subject to a liea which may attain prioriry oti�3 .=--
<br /> ` [his Security Insmiment, L.ender may give Borrower a notice identityin�the lien.Eorrower shall satisfy the lien or take one or ' --=
<br /> • morc:of the actions set fonh above within 10 days of the giving of natice. _
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<br />�� Form 3028 9/�ID '' �''•-"``�
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