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<br /> TQGETHER WITFI all thc improvcments now or hereufter crected on the property.and all cascments,appurtenances,and I
<br /> fixtures now or hereafte. a part of the property. All repincements und addi[ions shall at,u tse wvereci by tl�is Security —
<br /> Instrt►ment. All af the foregoing is refencd to in this Security Instrument as the"Property."
<br /> BORROWER COVENANTS that Aorrowcr is lawfully scised of the estate hcreby convcycd and has the riaht ta grnnt ttnd
<br /> convey the Propecty and that the Property is unencum6ered, except for encumbrances of recnrd. Dorcqwer watTants anci will
<br /> defend geneaally the title to thc Property against all claims and deii�an�s,subject to any encumbranccs of recard.
<br /> THIS SECURITY INSTRUMENT mmbines uniform covcnants for national usc and nan•uni fonn wvcnants with limited
<br /> variations by jurisdiction to constitute a unifa�m Security instrument covering rcal propeny.
<br /> UNIFORM COVBNANTS. Borrower und Lendcr covenunt and nbrcc us follows:
<br /> 1. YwymRnt of PrinclpAl and interest; Pre�yment and I.ete Chary{es. Borrowcr s?inll promptly pay whcn due the
<br /> principal of and interest on the debt evidenced by the Note mid uny prepayme�u und Inte churge:;d�:�under the Note.
<br /> x. Fundg tor Tvxes And InsurHnca Subjcct to upplicablc law or to u writtcn wuiver by 1.�ndcr. Horro�ver sl�all pay to
<br /> Lcnder on 1hc day monthly payments urc due undcr thc Notc,until thc Notc is paid in full,u cum("Fuixls")for:(�i)yearly taxes
<br /> «ncl Assess�itents whicli m��y�ittnin priori�y over this Security lnstrunxnt as u lien un the Pn�{xrty;(t�l yeurly Ieauhold payments
<br /> or ground rents on the Propeny,if uny s(cl yearly hara►rd or property insurunce premiums;(cp ye�rly Ilcxxl insurance premiums,
<br /> if any: (c)ycarly �m�rtgabc insurunce pmmiums, if any;nnd (�uny tiums payablc by &�rrowcr t�� Lcndcr, in accnrduicc with
<br /> the provisions of paragruph 8.in licu of the paymcnt of mortgage insurance preniiums.'These iicnts nrc c�lled"Escrow Items."
<br /> Lender nmy, ut uny tin�c, collect �nd hold Funds in an amount not to excecd thc maximuin amuunt s�Icndcr for a foderully
<br /> related mortgage loan may require for Borrower's escrow uccount under ti�e federul Real 6s[aie Sealement Procedures Act of
<br /> 1974 as amcnded from time to time, 12 U,S.C. Section 2601 er seq. ('RESPA"),unless unother law that applies to the Funds
<br /> sets a lesscr aniount. If so, Lender may,at any time, collert and hold Funds in an nmaunt not to excced thc lesser nmount.
<br />- Lender may estimate the amount of Funds due an tlie basis o:current data and reasonable e�;timates�f expenditures of future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be hcld in an instieution whose deposits are insured by a federul agency.inst�umentality, or entity
<br /> rM���dino t.ender.if Lcnder is such an institution)or in any Fedezal Home L.oan Bonk. Lendershall npply the Funds to pay the
<br /> ' Fscrow Items.Lender may not charge Borrower for holding and applying the Funds.annually analyzin�the escrow aceount. ar
<br /> verifying the Escrow Itcros,unless I.ender pays Borrower intere�t on thc Funds and applicable. law pertnits Lender to muke such
<br /> a charge. However. Lender may require Borrower to pay a one•time charge for a�i independent real eseate tax reporting service
<br /> usecl by l,ender in comiection with this luan, unless applicable luw provides otherwise. Unless an agreemcnt is made or
<br /> applicabie luw requires interest to be paid, Lender shall not be required to pay Borrower any interest or carnings on ths Funds.
<br /> Borrower und Lender may agroe in wci[ing, however, that interest shall b�; paid on the Funds.l.ender shall give to Borrower,
<br /> without eharge, an annual accounting of the Funds, showing credits and debits to the Funds unc! the pu[posc for whieh each
<br /> debit to the Funds wus made.Tlie Funds are p(eaged us acidiliu��a{sccurity for s!fl sumc secnmri hy this Security Instrument.
<br /> ' If the Funds hcld by Lender eacecd the mnoiints permittc:d to be held by applicable law, Lender shall ace�unt to Borrower
<br /> for the excess Funds in accordance with the requircments of applicable law.If the amount oT the Fwids held by I.ender at a��y
<br /> ., time is nat sufCcient to pay the Escrow Items when due, L.eruier mny so notify Borcower in writing,and,in such case Sonower
<br /> , shnll pay to Lender the umount necessary to make up the deficiency. Borrower shall make up tlie deficlency in no mon than
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of c�ll sums se;ured by this Sccurity Instrumcnt, Lender shall promplly nfund to Borrower any .
<br /> Funds held by l.ender.If,under paragraph 2l, Lender shall ucquire or sell the Property,Lender, prior to the acquisition or sale
<br /> of the Property, shall apply any Funds held by Lender at tha time of ucquisition or sale us a credit aguinst the sums seeurai by
<br /> this Security Instrument.
<br /> 3.�.ppllcation af Payments.Unless applicable law provides otherwise,all payments rcceived by Lcndcr under paragraphs
<br /> 1 and 2 shull be applied: first,to any prepayment charges duo under the Note; second, to amounts puyable under parngraph 2;
<br /> third,to interest due; fourth,to principal due;and lust,to ony late charges duc undcr thc Note.
<br /> 4.Charges;Ltens. Borrower shall pay all taxes,oss�,ssmcnts, chargcs,fincs and imp�silions uttributable to t�e Praperry
<br /> which may attain priority ovcr this Scxurity Instrument, and leasehold payments or ground rents,if any. Bonower shall pay
<br /> thesa obligations in thc manner provided in paragraph 2, or is not paid in t'hat manner.Borro�ver shall p�y thcm on time directly
<br /> to the pecson owed payment.Borrower shatl promptly furnish ta l..encler all notices of umounts ta be paid under thls paragraph.
<br /> If Burrowcr makcs thcsc payments diredly, Borrower slisll promptly fiimish to Lcndcr recciptscv idcncing tl�e payments.
<br /> � Burrower shall promptly discharge any lien which has priority over this Sec:urity Instn�rnent unless Bonowev: (a)agt�s in
<br /> wriang to the paymcnt of the obligation secured by the lien in a manner acceptable to Lender;(6) contests in good faith the lien
<br /> ! by, or defends ngainst enfnrcement of the lien in, legal proccedings which in the Lender's opinion operate to prevent the
<br /> � cnforcemcut of thc licn; or(c)secures frorn the holder of the licn un agreemcnt sntisfactory to I.ender sub�rciinating the licn to
<br /> • this Security Instrument. if Lender determinev that any part of the Property is subject to a licn i+vhich may nttain priority over
<br /> , this Security Instrument, I.ender may give Borrower a notice identifying thc lien. Borrower slk�ll �atisfy the lien or take one or
<br /> morc of the iictions sct forth abovc within 10 days of thc giving of nuticc.
<br /> Form 3028 919Q
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