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<br /> TOQE'THBR WITH all the improvenxnts now ar herexfter erectal on thc pm{►crty.nnd idl c:�scmcnis, uppurtcnaixe.r•,und
<br /> fixtures nnw or hereuftcr a pan of the property. AU replacements und uclditions til�all ulsn be cuvcrcd by �hi. Security
<br /> Instrument.All of the forcgoing is rePerred ta in this Securiry Instrumcnt as the"Property•"
<br /> BORROWER COVRN�lNTS thut Rorrowcr is luwfl�lly:sci�1 nf thc ctitutc hcrcby convcycJ utxl hus thc right to grunt uixl
<br /> com�ey the Property nnd that the Pruperty is une�u:umbered, except for encumhra►xes nf reconl. �rrower w;�rrunts ancl will
<br /> defend generaliy the dtle to the Propeny ugainst all cluim�ui�d d�ma�xls. subjrct tu uuy �ixuuilu�a�ices ot'recard.
<br /> THIS S�CURITY iNSTRUMENT emnbines uniform covenants fur nutioi►al u�e u��d nun•unifarm covenunts with limited
<br /> v�triatiuns by juriscliction to canstitutc a unifarm sccurity instrumcnt wvaring rcul proprrty.
<br /> UNIF(�RM COVENANTS. Horrowcr und Lender covenant and agrcc as folluws:
<br /> 1. Payment ot Priixl�l and lfnterest; Preppyment and I.ate Charg�v. Horr�wer shall pro�nptly puy when duc the
<br /> principal of anci interest on the debt evidrncod by the Ncxo and any prepayment and late charges duo nnder the Note.
<br /> 2. �nds fo�r Taxes and InsurA�xe. Subject[n applicable taw or to u written waiver by� L.ender,Barro�ver shall pay ta
<br /> Lencler on the day mon.thly paYntients are due wxl:a ttr Nnto,until the Note i�paid in�ull,a sum("Funds") for: (a)yearly taxes
<br /> and ssscssmcnts which may attain priority ovcr this Security Instn►ment us a lien on the Property: (b)yearly leasehold payments
<br /> or graund rents on the Praperty, if any;(c)ycurly hazard or property insurunce premiums:(d)yearly flood insurance premiucns.
<br /> if any; (e)yesrly mortguge insurance premiums, if any; arnd(fl any sums pnyablc by Borro►+•er to I.ender. in accordance with
<br /> the provisians of parograph 8,in lieu of the payment of mangage insurnnce premiums. ThcSC items ue called"Escrow Itenu."
<br /> LenJer �;wy, at a;sy ti�nc, cnllect und hold Fi+nds in an. amount not to cxceeJ the maxinmm umount a lender for a federally
<br /> related mo�Ygage loan may require for Borrower's escrow�account under the federal Real Estate Seulement Proc:edurcs Act of
<br /> 1974 as amondal from time to time, 12 U.S.C. Se�:tion 2601 et seq.("RESPA"),unless anothcr law that applies to thc Funds
<br /> sets a lesser amount. If so, Lender may, at any tinie,callect und ho:d Funds ia an amount not to exceed the lesser nmount.
<br /> Lender may estimate the arnount of Funds due on the basis of current data and ro�uonable esti�natcs of expcnditures of future
<br /> Escrow Items or ott�nvise in accordance with applicable law.
<br /> '1'he Eunds shali be held in an institution whose deposits an insurod by a fedeml agency, instrumentality. or entity
<br /> (inclnding i.ender.if L.ender is such an institution)or in any FedYral Home I..oan Duik•Gender shall apply the Funds to pay the
<br /> Escrow Items.l.ender may not charge Borrower for halding arac]ap}��yinS tfie C•unds, annually analyxing the escrow account. or
<br /> veritying the Escrow Items, unless i.r.nder pays�3orrower intarest on the Funds and applicable law permits Lerxler to make such
<br /> a charge.HotvevEr,Lender may require Borrower to pay a one•time charge for an independent mal estate tax reporting servia
<br /> ;�;�,� �� �„�•a�r :n_•,n�r��n wi�h �his loan. unless applicable law provld� ntherwise. uniess an agreenxut is made or
<br /> ; applipble iaw requircs iatarest ta lx paid. l.ender shaq noc bP rtqu�red to PaY B°n°�"'er any mteresc or eamings un ii�e i�;�.ia.
<br /> � Borrower und Ltnder mey agrce in writing.however,that iniarcst shall be pald on the Funds. L.ender shall give to Borrower,
<br /> without charge, an annual accounting of the Funds� showing ecedits and dehi��eo cho Funds nnd the puipose fur w�9ch each
<br /> � debit to the Funds was mda The Funds are pledgal a�udditional saurity+tor nll sums securod by this Security Instrument.
<br /> If.che Funds held by Lender exceed the amounts permitted to be Ixld by appUcablo law.I.ender shall account to Sorrowa
<br /> '�, {o�,�,�xass Furxls in aocordance with the requir�ments of applicablt 1a�v.tf ihe amount of the Funds hetd by Len�ler wt any
<br /> � tirn;3s+�t sufficient to pay the Escruw Items when due. Lenda may so na�ify Hurro�ver iet writing,and,in such case Borrower
<br /> , shall pay to Lender the wnount noces�ary to make up ihe deficiency. Barmwcr shall mnke up the deficiency in no more thm
<br /> �'; twelve monthly payments,at Lender's sole discretion.
<br /> yUpon p�yment in full of all sums secured by this Security Instrum�nt, Lerrdtr sha11 prompdy refund to Borrower uny
<br /> = Funds txld by L.ender.lf,und�r pa�graph 2l,Lender shall acquire or sell tt�e Property,K.c�xler. pdor ro the a�cqnisition or sale
<br /> q of the Property. shall apply any Funds held by Lender at the time of acquisition or ssilo ns a ctr�dic ageinst the sums setured by
<br /> s this Sccurity Instrument.
<br /> � 3.AppUc�tlon ot P�yments.Unless upplicable Iww provides�xh�rv+ise,all payments m�ived by Lender under paragraphs
<br /> � L and 2 shelS be appliod:first, to any PrepaYment chazges due under tho Tfc,te; second.to nnwunts payuble under paragraph 2:
<br /> •`,� third,to interest due; fourth,to principal due;and last,to any late charges c➢uc under the Noto.
<br /> �' 4.Char6es;Liem. Bomawer shall pay all taxes. assessments,cha�•ges,fines aud impnsitions attribut�ble to the Propecty
<br /> j� which may attain priority over this Security Instrument, and leaschold payments or graund rents, if any.Borrower slwfl I�Y
<br /> ,.� th�e obligetions in the manner provided in paragrctph 2.or if iwt paid in that matu�r.Borrower shalf�them on ti���ly
<br /> to the person owod payment.Borrower shs�ll pimnptly furnish to Lcnder all tatices of amounts to be under this
<br /> :�� If Borcower makes these payments directly,Borrower shall promptlY fumish to Lender roceipts evidencing the payments.
<br /> 8orrower stw8 promptlY discharge any iien wt�ich f�as priority over this Security Instmment unless Borrower: (a)agc�s in
<br /> t writing to the payment of the obligation securod by the lisn in a manmr acceptuble to Lender;(b)contats in goat faith the lien
<br /> by, or defends against enforeement of t:�e li�n in. legal procerxiings which in the Lender's opinion o�erate to Qrevent the
<br /> ,' enforceme:nt of the lien;or(c� securcs from thc holder of the lir.n an agreemcnt satisfxwry to Lcnder subordinating the lien to
<br /> ; this Suurity Instn�ment. If Lender detern�ines that any part of the Pmpe•rty is subject to a lien which may attatn priority over
<br /> . this 5ecurity Instniment, Lcnder may give Borrower a notice identifying ths lien.Borrower shall satisfy the licn or take ont or
<br /> more of the ac�ions set forth above within l0 days of the giving of notice.
<br /> �� Form 3028 9190
<br /> Pp�2 ot e
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