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<br /> T(XlGTF1�R WITH ull the f�t�provcments �ww ar hereaRer tratctl on�he propeny,:�nd nll caticments,uppurtcnances,and
<br /> fxturcs nnw or hereafter u purt ut tho property. All replacementc. wixi n�ld{tinns ehull also he cuvered by thix Security
<br /> li��.+n�nxnt. All��f'the fi,reguing i� refarrat to in�his Sccurity lnstrumentas the "Properry," _
<br /> BORROWFR COVENANTS thGt &irrower is luwfUlly�ei�cd uf �he e�tutc hereby canvcycd and 8us thc right to grant nnd
<br /> convoy the Property uncl that the PropeAy is unencumbered. excap� for encumbrances of record. EfoTrower wurrants und will
<br /> defeixi generally the tide to the PropeAy oguinst all ctafms a�x1 denwnds,6ubject tu any encumbrances of record.
<br /> 'PHIS SECURITY INSTRUMEN'T eombines unitorm covcnunts for nutional use anci non-unifarm cavenants with limited
<br /> vuriations by jurisciiction to constih�ro a unifonn xcurity instnsment cavering reul pmperty.
<br /> UNIFORM COVENANTS.I3arrowcr unct Lcndercovenant and c�grcc as follows:
<br /> 1. Pwyment ot Princip�l pnd Interesh, Prepwyment xnd l.ote Ghrrge.s. Barrawer shall pr��mptly puy when due the
<br /> prfucipal of And intcrest on the debt evidencal by the Note aix!uny pr�epayn�ent und Istc charg�.s dua under the Note.
<br /> 2. Funds for Taxes and InsurArue. Sub,jat ta applicnble law �r to a written waiver by I.cndcr, Borrowcr shall pay ta
<br /> I.cncler un the dey monthly paymtnis are due under the Notd,until the Note is paid in futl,a sum("Fu�xis")for:(u)yearly taues
<br /> und nssessnxnts which may attain priority aver this Saurity Instrumer•t as a lien on the Propeny;(b)yearly leasehold payments
<br /> or grounil rents on the Property,if any;(c) yearly hazWd ar propercy insurance premiums;(d)ycarly flood insurance premiums,
<br /> if u�iy;t�)yeady mortgage insurancc prertiium:,if any; and (�any se�ms psyuble by AormwGr to I.ender, in accordance with
<br /> the provisions of para�raph 8, in lieu of the paymau of mortgage insurwice premiums.Thcse itertis arc called"Escrow Items."
<br /> Lendr.r may. at any time, collect and hold Funds in on amount not to exceal the maximum amount a ler�der for u federally
<br /> relate�i nwrtgage loan may require for liorrawer's esnnw account u�der thc federnl Real Estnte Setdement Procedures Act of
<br /> 1974 as amendod from time to time,12 U.S.C. Scction 2601 el seq. {'EtESPA"),unless another law that applies to the Funds
<br /> sets a ler.ser antount. If so, I.ender may, at any time,collect and hold Funds in en amouat not t� eactxd tiie lesser amount.
<br /> Lendar may estimAte tf�e anwunt of Fui�s�lue on the basis of currcnt data arxl reasonabte estimates of cxpenditurcs of future
<br /> Escrow Items or otherwise In accordance with appticable law.
<br /> The Funds shall bc held in an institution whose deposits are insurai by a faderal egency. instrumentality, ar entity
<br /> (including Lender,if Lender is such an institution)or in any Faleral�ome I,oan Bank.Lender shall apply the Funds to pey tho
<br /> Escraw Itcrru.Lender may not charge 8orrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> zar,�i�fi ih.a�.e:ra:r itesr�,anl�!�r_s!ec ra;�P^rrnw�r i�trr�§t�n the Fundt etxl8QpllCeblC IeW Qt1'MItS L.tildt�LO I118ICC SUCfI
<br /> a charge. However. Lender.mxy require Borrower to pay a one-time charge for u►independrnt real estate tax rcporting service
<br /> used hy I.ender in conneci.ian with this loan, urttess applicable Inw pravid�s othenvise. Unlas an agrc.�em�nt is nu�ie or
<br /> applia�ble law�equires interest to be paid� i.ender siull not bs roquired to p�y Borrower emy interest ur taMings an the Funds.
<br /> Burrower a�l,.ender may agra in writiq�•however,that interest shall bc paid on thc Furxis, l.tnder shall give to Bomower,
<br /> without charge. an annu�i accuunting Qf x9n Funds, showing credits and debits to the Funds �nd the putpose for which each
<br /> debit tu tho Funds was qu�de.The Funds ere plodged u�dditional securiry for all,yums secural by this Socuriry Instcument.
<br /> If the Funds held b}i Ire��dor exce�the arnounts pormitted to be held by�pplicable law,Lcndcr shall accbunt ro Horrower
<br /> for thu eac�ss Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any
<br /> timo•is ttot sufficient to Ewy the Escrow Items when due, Y.ender may su notify Borcower In writing,nnd.in such case&�rrower
<br /> s6xll pny tn l.e•nd*r the amount neassuy to make �p the deficiency_Horrower shall make up tha'deficiency in no more than
<br /> twelva mixnl�i)y piyments,at Lender's sale discretion.
<br /> 1Jpon payrnent in fii�l of all sums securai by this Security Inwnunxnt, Landtr shall pmmptly refuncl to Borrower eny
<br /> . Fuixit�i�eld by.Ltnd�r.If,under par�graph 21, Lender shall acquim or�ell the Pmperty,T..end�r,prior tii thc�cyuisition or sale
<br /> of thu Pmpert��, tihall apply any Funds held by l.�nder at the time of aoquisEtion or sale as a crectit agAihst the sums secm�ed by
<br /> � thi�Sexurity In�trument.
<br /> 3.Appliatlon of Paymmts.Unless upplicable I�w provides othernix,a!1 payments raeived by Lender under paragraphs
<br /> 1 a�xi 3 shall be appliod:Grst,to any prcpeyinent charges due under the Note; sccond,to amounts payable under paragruph 2;
<br /> chitd,to interest duo;fourth,to princi�al due;and last,tn eny lete chargcs due under the Nde.
<br /> q,Cbarges;I,ie.ns.Borrower shall pay all taxes,assessments, ch�rges, fines and impositions awibutable to the Property
<br /> - whiah m�;+ attnin priority ovcr this 5ecuriry Instnrrnent. and Itas�hold payments or gtound nents, if any. Borruwer shall pay
<br /> tl�ese obligati�ons in the manner provided in paragraE+ti 2, or if not{xid in that maarnr.Horrow�r shall pay them on titne dircctly
<br /> ta thc person owod pwymcrn.Horrower sh:ill pmmptly�urnish to Lenc3er All nntioes of enwunts to be paid untter this parngraph.
<br /> If 8orrower makes thae.p+�?.��nents directly.&�rrower shall promptly fumish to Lender roceipts evidencing the payments.
<br /> Iiorrower shall promptly dischirge uny fien wi�ich has priority over this Securiry 1nst�vment imlcss Burrower:(a)agrees in
<br /> writing to the payment of the obligatiou secured by the litn in a nuutner acctptable to Lender; (b>contests in good faith the lien
<br /> � hy, or defends against enforcem�nt of the lien in. legal proceedings which in the Lender's opinion operate ta prevent ttie
<br /> ' enforttment of the lier�;or(c)sccures from the holdcr Af the licn en agreement satisfxtory to Lender subordinating thc lien to
<br /> � this Socurity Instrument. If Lender determines that any part of the Property is subject to a lien which may attnin priority ovor
<br /> � thid Stcurity Instrument,L.axler may give Aorrower o noticc identiPying thc lien. Borrow�r sha�11 batisi'y thc licn or take one ur
<br /> , more of the acKions set forth abuvc within 10 days of the giving nf notia.
<br /> • Form 8028 8I90
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