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<br /> TOQGTH�'R WI7'H all thc impmvc�ncnts now an c�rcuRcr crectcd an thc properry,nn�1 nll ciucmcnts, uppuncnaitces,und �
<br /> Gxwrcti now on c�rcaftcr a pnrt nf thc pmpcny. All replacetncnts and ;�lditlons xhall ulsc► bc �:ovcred hy diis Sccurity �
<br /> Instrumcnt. All of thc farcboing is r�fcrrcd to in thfs Sccurity Inshvnxnt ns thc"Arupcny.' '
<br /> BURRUWER COVENAN'i'S that Rc�rtowcr is lawfully scised of the estate hereby conveyul uixf hus thc right to tirunt urxl
<br /> convcy thc Pmpeny aaxl Ihnt thc Property is unencuiz�hcrctl. exccpt far encumbrances uf rccorci. I�urrower warrants tmd will _
<br /> defend ge��erally the tiUe to the Property against all claims arxi demmxls,subJect to nny encumbrancer ot recard. �.
<br /> TH1S SECURITY INSTRUMFN7'c�mbincs uniforin covenants for nutional usc nrxl non-►mifonn rnvcnants with Ihnited
<br /> vurlations by juriutiction to constitute a uniform securiry iustrument cavering renl pm{rerty.
<br /> U NIFORM COVENANTS.8onower und I.cnder covenunt and agrce as follaws:
<br /> 1. Pnyme�t of Princfpal und lntenst; Prcpwymmt wnd I.ate Chx�es. Bormwer shull promptly pAy wlien due thc
<br /> �rincipal of:x;a�:i:�uerest or.i thc debt evidenced by the Note and any prepaynient und Inte charges due undor the Note, �
<br /> 2,. Flcrmds R�'�';axe�� Insurance. Subject to applicable law or to a written �vt�iver by Lxnder, Borm�ver shnll pay to
<br /> Il,cisrf��r on cl.�ne ct;�y cavntCJy�ayrnents arc duc undcr the Note,until the Notc is paid In full,n sum ("Funds")for: (a)ycarly taxes
<br /> a���f a�.sessrr.r�i�cs which may attain priari�� c�ver this Security Instn�ment ns n lien on the�'mperty; (b)yearly letissehold pxyments ,
<br /> o-grouncl n:n:s on the Property.if any;4cT yearly hazurd or property insurancc premiums;(d)ycarly ticx�d insurance premiums.
<br /> nf uny; (e)yeurly mortgage insurance prem�iiums,if a�y; und(� nny sums puyable by Borrawer to ixnder. in accorJance with
<br /> cshe provisions of paragraph B. in lieu of trie payment o6 mortgnge insumnce premiums. These items aro callod"Escrow Items."
<br /> L,endc.- may,at any time. callect und h^is!F�nds 'se�a*� �„ZC+�+�t� er*�I rn excecd thc m•rximum umow�t u lender far a fafemlly
<br /> relatod n�ortt�gt�e loan may require fur�.rarower's escrow accoar,cr.¢ar.rrr�er the federal Real Estate Settlement Procaluns Act of
<br /> 1974 as a�nc9��fmm time to time. 12 (T.S.C.Section 2601 ea sc�. 4"RFSPA"), unless enother law that applies to tho Funds
<br /> sets n Iesser anwunt. If sa. Lender may. at any tirn�e, oollect u�ad 1►old �wxls in an a�nount nat to exceed the tess�r amoutu.
<br /> Lender may estimate tt►e ��sr.nnunt of Furxis due oR the 4���;is of current data and reasonAblc e.uimatcs of expenditures of future
<br /> IEsrrow lterru or athcrwa���i�r�accordancc wi�h spplicab7e�la�v.
<br /> The�and�a shell be held in an institution whosc �3e�wsits ar,r insured by a federal agency, insttur�xntality. or entity ;
<br /> (includ'eqg Il.�::�:tr,if I.ender is such an institution)or in zny Fetl�r�i:ilit;me Loun Bank. l.ender shall apply the Funds to pt►y the �
<br /> � Escrow Itc,�ru;.J:endtr muy not charge Rorrrower for holc�iteg unti ap�1ti•ing the Futuis,annuslly analyr.ing the escrow sccount,or ;
<br /> A•�,riCying th��scrow�[t�m�;,untess Leixfer pays Borrower interest on the Funds and applicahle law permits[.ender to make such
<br /> e charge.i�itQxvuer, I.anc9a7���ray«quirc Bortawer to pay a one-time charge for an independent rrul cstate tax rcpo►ting scrvice
<br /> = u� �;�,�y..,;,�;,m fR �������.��n wirh �hic ta,n; unlecc apnlicuble �.itiv provides otherwise. Unloss an sgrcemcnt is made ar '
<br /> � applicabk 6�i�w�r.eguires intesest to be paid.I.ender shall not be reqiiirec!to pay Borrower eny interest or eamings on the Funds.
<br /> � Borrower ant1lL��nder rruty�ngree in writing,however, ►hat intei+est vh:�!bc paid on the Funds. �.�rnder shall give to Borrower.
<br /> � without charge, an annua}auou�unting of the Funds, sle�wing crediLs und debits to the �unds Rviit the purpose for which each
<br /> debit to the Funcis was nwde.'Tfie Funds an pledgec�s�s.s�,ilii�ional ser.urity for a1V snrns secur�xl by this Securiry lnstniment.
<br /> � If the Funds held by[.ender excoocl 4he amoun�:s:permitted to be 6�tid by applic�abls la�,l.�ncler shall account to Borrower
<br /> for the excess Funcis in accordance with"t&+e rtquirements of appli�i:ile law. If the amount of the��unds hetd by Lend�r at�ny
<br /> '� tlme is not suEfecient to pay the Escrow Item9 when due.I.ender mny so notify Borrower in writing,and,in such case Hoixower
<br /> shall pay t�ixrxkr the amount necessary to make up the deficiency. Borrower shall make up the deficieney in no rnoro th�n
<br /> 1� twelve monthly payments,at Lendcr's sole disctttion. I
<br /> Upon pnyment in full of all sums secured by Ihis Securicy Instrumcnt, Lender shalt promptly refund ta 8orrower any
<br /> Fu�xls held by Lender.If,under paragraFh 21. Lendsr shall acquire or scll the Property,Gender, prior ro the acquistt+on nr sAle
<br /> � of the Property�shall apply any Funds htld by Lender at the time of acquisition or sale u a crafit against the sums sa;urcd by
<br /> •3 this Savdty Inst'tument.
<br /> � 3.Applkation ot P�,wment�.Unless epplicable law provides otherwise,all paymcnts reaived by.L.cuder urider panEtaphs
<br /> '! 1 sncf 2 r,ha11 be applie�:,�'irst, to eny pr+cpryment ehuges due under the Note; second. to amounts payable unller puragraph 2;
<br /> � � third, to incere.st due;founl�,to princfpab alue; and last,to any late charges due under thc Note.
<br /> ' 4.CIM�nr�x��I.kns. ibrmwer shalY �}�ay all ta�ces,assessments,charges,fines and Iml�ositiUns attribt�tahle to thc Property
<br /> t whkh n►ry� att�in priority over this Sccuriry Insuument, und leasehold payments or ground rents, if any. $nrrower stwll pay
<br /> _$ these oblig�tions in the monner providod in paragraph 2,or if not paid in.tbat manner,Borcower st►all pay tRam,�n time diroctiy
<br /> � to tht pasc�,owed pxyment. Borrower shall prnmpHy fumish to Lender aU notices oE amounts to be paid utder this pxixgraph.
<br /> If Bormvs�rin�&es these peyments direatltw,Borrower shall promptl���fumish to Lender roceipts evidoncing the payments.
<br /> ' Bomp•r�;r,.�iwt1 prumptly discharge$ny licn which bas priorit�nrer this Security instrument unless Borroaver:(a)agrees i�n
<br /> .- w�iting io Rlne�paymrnt of the obligation yecured by thc:lien in a n�anner acaptable to I.ender;(b)mntests in good faith the 7i�n
<br /> � fry, u�defcnds against enfr,.reement of the lien in, legal procec�ings which in tho La�der's opinion operate to p�+event the
<br /> enPoreemr�t of chc licn; cx(c)secures from the holdcr c�f thc lien an agrccment satisfactory to L�ender subo�dinating the lien to
<br /> this Stcurity lnstntment. If L.ender detesmines that any pan of the Propecty is subject to a lien which may attain priority nver
<br /> this Security lnstrument, [.endcr may guw•,�9c�nower a t�otice identifying dic lien. Borcowcr shal�l satisfy the lien or take onc or
<br /> ' morc of the actions sct fonh abovc within 10 daye of t1�e glving of noticc.
<br /> � If�orm 3018 91a0
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