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<br /> TOGBTHER WITH all ti►e improvements now or hereafter eroeted on the propeny�and all cnsemcnts, uppttrtenunccs,und
<br /> fixtures now or hereaRer a psari of the property. All repincenxnts aixl addltlons shail nlso tx covercxl hy this S�curity
<br /> instn�ment. All of the forcgoing is refcrral to in this Security instnrnxnt ac the"Propeny." �
<br /> BORROWER COVENAN?S that Bcurower is IswfuUy seised of tl►e estate hercby convcyal mid has the rigiu tn grant nnd
<br /> convey the Property and thnt the Property is unencumbe►•ed, except for encumbrnnces nf record. Bc�rrowo�wnrrnntn and will
<br /> defencl generally the title tv the Property ugsinst alt ci.,rirrs nml demands, subjcct tn any er�cumbrnnces nf recorct.
<br /> THIS S��URITY 11�IS1'�LUMENT combiroes eenifozm cavenants for nntional use and non•uniform cc�venants�vitli limitai
<br /> variscions b�r 1ur.3sdiru.oa to con►stitute a�nefon:tt security en5ttw>•�.it covering real propeny. '
<br /> UNiFQRIV�CUYEI��h,NTS.Borrower and 1�.e►�dez rnvena�zc an�a,8re�as follo��Wer shnll rom tl when duc the �
<br /> �� p�y,nent of.' Yrix►cipal rnd Interest; Pre�al?ment And l,�kt C�arges. P P Y I�Y
<br /> principal of a�xl intcnest om�t":e debt evidenced by the Note and any pee�ro�y�'wr�t a,n�late charges due under the Note. __
<br /> 2, Funds tor T�xes �nd In�urAnce. Subject to appliwble law or to a writccu wuiver by Lendcr. Bnrrower shall pay to
<br /> Lcnder on the day monthl�•payrnents are due undcr the Note,untii thc Note ls paid in full,a sum("Fu�T'����hold payments
<br /> nnd asscuments�uhich m�,++ettain priority over this Security lastn►ment as a lien on the Pr�aecty; N)Y Y
<br /> or ground rents on the Prc�a,xrty,if any; (c)yearly hazard or property insurance premiums; (cf}yearlY flac�insurance pr�mium�,
<br /> if any; (e)yearly mong:ibc insurence premiums,if any; and(�any sumc payablo by Bormwer to I..ender. in accordance with '
<br /> the provisions of paragraph S. in lieu of tlie payment af mortgage insurance premiums.These items are called "Escmw Items."
<br /> I.ender ma�,v, nt any time. collece and hold Funds in an amount not to exccod the maximum�unounc a luxi�r for a foderally
<br /> related mai�;;aga�oan may require for&�rrower's escrow accou��i+nder the federal Real �stat�Settlement Proc:edures Act of
<br /> 1974 as amoixled from time to time, 12 U.S.C. Section 2601 ec�rr1• ("RESPA"),unless anv`�6x:r faw that applics tu thc�unds
<br /> sets u lesser a�nouni. !f sa,1-endcr muy, at any time,collcet ancl hald Funds in an amount ttot to exceai the lesser amount.
<br /> l.cnder may estin�Tte 1he umount of Funds due on the basis of current data and reasonable estimates of axpenditures of futurc
<br /> Escrow Item}c�r c�iS�ernisc In accordance with applicable law.
<br /> The, ?�imds s�a��i be held in an institution whase deposits ure insured by a federal a��ncy, instrumentality, or entity
<br /> {incluslin��r:ender,i€Lender is such en insdtution)or in any Fede pp y og e Loan Bank.Lender shAll appl hthe�F nIKI�C�Yt ttlf . ,�'
<br /> Escrow It�ms. I.endermnp not charge Borrower far hotding end a i in chc Fw�is. ��ble�wl;zi�'ts•T.c3�der to make such ,
<br /> vedfying the Escrow Iioms,unlas Lender pays Borro�vor interGSt on the�urxls and app' P� ,
<br /> a charga However. Lender may require Borrowcr tu pay a onatirm charge for an indepondent rcal estatc tax �eporting scrvice
<br /> uscd by �.etuler in cnnnection with this loan, unless applici+bl�'law provide�i oW��� nterest or Am g non�thr runds`
<br /> applicable taw roquires i�tterest m be paid,Lender shall not be requirod to pay 1' -
<br /> Borrower und Lender ptay agrec in writing, however,that interest shall 6e paid nn the Funds. Lendcr shall give to BaNna�er,
<br /> without charge, an a►►pua1 eccounting of the Funds, shawing crodits anci debjts to the Funds and the putpoSe for which each
<br /> dobit to the Funds was nwde. 'I1k Funds are pledgal es additional security for Alr�°�ble�law,�,ender shall racc unt o Botrower
<br /> If the Funds held by Lender excx�d thc amounts permittal to b�he�d ny aPp�
<br /> for the�xcess Funds in accordance with the requirements of applicable law. If the amount c�f the Funds hcld by Lender at any
<br /> time is not sufficient to pay the Escrow It�ms when due,I.�nder may so notifY Borrower in wri'cing,and, in such cese Borcower
<br /> shall pay to I.ender the amount necessary to make uP the deficiency. Borrower sf►al�make up tha deficiency in«o more thnn
<br /> twelve monthly paym�'nts,st Lender's sole discretion.
<br /> Upnn payment in full of ell sums secured by this 5ecuriry Instcunknt, I.ender shnll pro►n ntor to the acquB it on ar.sale
<br /> Funds he'l�i by Lender•If,under parngcuph 21,l.endcr shell acquirc or sell the Propery, Lend¢r,p �
<br /> of the Property,shall apply any Funds held by f.ender at the time of pcquisition or sale as a ccaiit against the sums�ure4 by
<br /> thia Security Instrument. �
<br /> 3.Appllcallon of P�yments•Unless aAP<icablc law provides otherwise.all paYmcnts car.ived by Letxler under patagixphs
<br /> 1 and 2 stiall be appliod:first,to any propayment charges due under the Note: second�to arr►AUnts paysble under para�r<�ph 2; ,
<br /> third.to interest due;fourth. to principal due;and 1ast,tu any late charges due under the Notc.
<br /> a,C;harga; I,kns,Borrower shsdl pay all.3axes. assessmom�, charges, fines and lmpositions attributable to the Property
<br /> which may attain priority oyer this Serudty lnsiniment, and Icasehold payments or ground rents, if any. Borcowe� shall p�y
<br /> these obl;gntions in the menner pro�ided in puragraph 2.or if not paid in that�rwnher,Borrower shall pay them on time dirxtly
<br /> to the person owed PaYment• Bmr«w�i:�hg�l promptly furnish to Lender all notias uf e�iwunts to tsc paid undor this paragranh•
<br /> If Borrower makes these paynKntA clirectly,Borrower shall promptly furnish to I.ender receipts evidencing tt►e payments.
<br /> - gorrower shall promptiv dischurge any lien which has prioriry ovcx this Security Instntmcnt unless Botrower:(a)agrees�n
<br /> writing to the payment�i the obligation securod by the lien in n u�am�r accc�ble to Leuder;(b)contcsts in good faith che lien
<br /> by, or defends agains�. c�ifomm�nt of the liera :�n, legal pra:eedings which in the ixnder's opinion operate to pr�vent th�
<br /> enforcement of thc lie�t:ar (c)secures from the holder of the lien an agrecment s�►tisfactory to Lcnder subordinating thc lien to
<br /> this Sccn��ty Instrument.If Lender detcrmines tfixt any part of the Property is subject.ta s 3l¢n which muy attain p:iarity ovor
<br /> this Se:s,aiYy Instrunxnt.I.ander may give Bo►svwcr a notice identifying the licn. Bo►r�ewe•r shall satisfy the licn ar t�ice one or
<br /> more of the Actior.s ser,forth ubove within iQ�da7�s of the giving of notice. Fwm 30Z8 8�00
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