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<br /> „ ��•RECORDEU9�"� 1.�i��e�� �°�...� �,�°�i�'�.� .�
<br /> � TOCiETNER W1TH nll tha improvcments now or tscrcaftcr crected on thc prop�ny, nnd all casc�rcents,�ppurtcnances,tuid
<br /> flxtures now or hereaRer n pari af the propsny. AU repincements nnd additlons shnll nlso be covered by this Security
<br /> Instrument.All of tlic foregoin�is rctomd to in tMa Secunty instrument a�thc"Propeny."
<br /> BORR01*JER COVENANTS Uiat 9orrower is lawfully selsed of the estnte hcreby conveyed and h�s the right ta grant and
<br /> ,..� wnvey the Property nnd that tlto Property ls unencumbered, except for encumbrazices of record. Borrower warrants anJ will ;�.
<br /> � defertd generally the title to the Prop�ny against all clnims und demands.subjec�to nny eacumbrances of record. .:
<br /> ,,r,+•+�� THIS SECURITY INSTRUM�'NT combines unlform covenants for national use and non-uniform covennnts wlth limited
<br /> • +�� vnriations by Jurisdiction to constitute a uniform security instrument wvedn�real property. '
<br /> UNIFORM COVENANTS.Borro�ver and Lender covenant and agrce as follov�s: .�;
<br /> 1. P�ymeat of Principa! and Interest; Pmpayment and Late Charges. Eonowcr shall promptly pay when due thc _
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<br /> principal of and interest on the debt c:viclenced by the Note and any prepayment and late charges due under the Note. _
<br /> 2.F�nds for Texes aad I�u���e. Sutsject to applIcable law or to a written waiver by Lender, Bonower shall pay to , ,
<br /> Lender on thc day monthly payments nrc due under the Note,until the Note is paid in fiill,a sum("Funds")for: (a)yet�rly taxes
<br /> and assessments which may attain priotzty over this Security Insuument as a llea on the Property; (b)yeazly leasehold paymena =
<br /> or ground rents on thc Property,if any;(c)yearly h�zazd or pro�eerty insurancc premiums; (d)yearly flood iasurance premiums, --
<br /> if any; (e)yearly mortgage insutartc.�premiums, if any; and(�any sums payable by Bornower to Lender. in accordance with . z
<br /> • thc�rovisions of paragtagh 8. in Iieu o�'�e payment of mortgage insurance prcmlums.These iten�s are called"Escrow Items.' _
<br /> � lxnder may. at any time, collest and huld Funds in an anr�unt not to eaceed the maximum amount a lender for a federally •'_
<br /> :` related mortgage loan may require for 13orrower's escruw account undet the federal Real Estate Senlement Procedures Act of �•V;
<br /> 1974 �s amende�l fram time to tinic�, 12.U.S.C. Section 2601 u seq. ("RE�PA"),unless another law that applies to the Fuads �j'�+
<br /> , �� sets a lesser amoi�nt. If so, Lender may, at any t3me, coUect and hold Funds in an amount not to eaceed the lesser amount. ;;R�. �
<br /> � ' Lender may estimate the amota�t of Funds due on the basis of current data and reasonable estimates of eapsnditures of future ' ,,:`
<br /> Escrow Items or othenvise in flccordanas with applicable law.
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<br /> The Funds shall be he9c� in an instltution whose deposits are insured by u federal agency, instrumentality. or entiry -
<br /> .. .. (includiag Lender, if I.ender is such nn institution)or in any Federal Home Loan Banl:.Lender shall apply the Funds to pay t2ie . :�
<br /> '`'�. Escrow Items. Lender may not charga Boreower for holding and applyeng the Funds, annually analyzing the escrow accaunt, or "';`:_
<br /> ,•� verlfying the Escrow Items,unlrss Lander pays Borrower interest on the Funds and applicable law permits Lender to make sueh _;
<br />��� �..a�reP f�nwryrr, t rnder may reaui�Borrower to pay a one•time char�e for an independent real estate tox reporting service a�..
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<br />°�;., used by Lender in connection with tUic loan, unless �pplicable law provldes othenvise. Unless an agreem�ent is made or �_
<br />_1`.', ": �• • applicable law xeguires interest to ba ptud. Ilender shall not be required to pay I3oaower any lnterest or earnings on the Fun�s, Cq•+
<br /> ' ° Barrowcr aud Lcnder may agree in writing,however, that in[erest shall be paid on the Funds. ixnder shall give to Borrow¢r, P::=
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<br /> ��°v• without charge, an annual accounti»p of the Funds,showing credits and debtts to the Funds and the purpose for which each �___
<br />���''�'"'• •`•' debit to the Funds was mada.The Funds are pledged as additional securiry for all suc�s secured by this Securiry Instrument. ��4?�;.
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<br />_'�;'��%?°;-�; If the Fonds held by I.ender ehcoal We amounts perrnitted to be held by applicable luw, Lender ahall account to Borrower ----
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<br />_.��'a°F�:• � for the eacess Funds ln accordnnc�with the requinments of applicable law.if the amount of tne Fhnds held by Lender at any �.-
<br />-L'�'�" time is not suKcixnt to pay the Escro�u Items when due,Lender may so notify Bonower in writing,and,in such cese Borrower g'-
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<br />��K��,• ,•+� shall pay to Lender the amount neaessuy to make up the deficiency. Borrower shall make up the deficiency in no more ttaan -_
<br /> y-'�_'r"��'�t� twelve montiily payments,at D..eudcr's sole discretton. �:�
<br />-_��1-=--�I � Upon payment in full mf all sums secured by this Securiry Instivment, Leader shall promptly refund to Borrower any _.
<br /> ___-----;,�,.�,.� ' Funds held by Leader.If.under pt►ragraph 21, Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale =-
<br /> �ye�:e.�=� ' of the Property,shall apply any Funds held by Lender at the time of acquisidon or sale as a credit against the sums secund by "��
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<br /> —:- -�a this Securiry Instrument. -
<br />��r� 3.Application ot Payrnents.Unlcss applicable law provides othenvise,dl payments received by Lender under paragrapb9 a:_:_.
<br />—�-'""'"z''° 1 and 2 shall be appliod: first, to any prepayment charges due under the l�Tote; second,ta amounts payable unc�er paragraph 2; ����_
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<br /> s7�� third.to interest due;fowth.to principal due;and last,to any lare charges due under the Note. `_
<br /> � 4.Ctut es;Llens. Borrower shell pay all taxes,assessments,c?�uges,fines and impositions attributable to ths Property
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<br /> - - w h i c h ma y attain priori ty over this Securit y Instrument. and leasehold payments or ground rents,if any. Borrower shall pay �;+-�--
<br /> � °`�"" these obligattoas in the manner provided in paragraph 2,or if not paid in that mannss,Bonower shelt¢pay them eeinn sime directly �-�-��
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<br />_=�� to the person owed payment. 13onower shall psomptly fumish to Lender all notices of amounts to be paid under this paragraph.
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<br />�;��-_� If Bonower makcs these Paymenut direcdy,Borrower shall promptly fuanism to I.,EndEr receipts evideacing the payments. - +-;.
<br /> - ��- Boaower shall promptly discharge any lien which has priority over rhis Security Instrument miless Borrower:(a)agre� in '.'���
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<br />�,��•- ,,,r • writing to the payment of tho obligation secured by the lien in a manneracceptable to Lender; (b)wntests in good faith the lian
<br /> -- ""'"• by, or defends against enfoc�cement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the - -
<br /> - �;��:f • enforcement of the lien; or(c) secures from the holder of the lien an agreement satisfactory to I.ender subordinating th,°.liem to �
<br /> � � this Security[nstrument. If I.ender determines that any p:ut of the Property is subject to a licn which may attain priority aver .
<br />�;�• • this Securiry lnstn�mcnt, Lcnder m�y give Borrower a notice identitying the lien.Borrower shall satisfy the lien or takc one or `
<br />_ � more of'the aceians set forth above�vithin 10 days of the giving of notice. -_
<br />�;. � , . Form 3028 9/ 1 ,,-
<br /> .�w Pape�ot8 � ��� �•..:,,-'�.
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