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<br /> 97-�,046��
<br /> TnOE'1'HER W[TH idl the impruvcmcntti now�9r hereaRer erected on the property, und idl ri�sements, uppurtcnunCes,und
<br /> fixtures n���v or hereaRcr i� p:�rt uf the pr��}serty. All replucements i►nd additions cliidl idso bc covered by tlils Security
<br /> Instrumem. All��f the forogoing is refcrrcd to in this Securiry Instrunxnt as the"Prnperty."
<br /> BORROWER CQ\'BNANTS that Horrowcr is lawfully scisa! of the cstiuc hcreby comcycd und hus dic right ta grant and
<br /> comcy ihc Prnpctty und thut thc Property is u�cixumbcrcd, cxccpt iur cucwub�uucer uf r�curJ. I3urro�ti•cr �varrants und will .-
<br /> det'e��d ge�it.:ially lhe tldC to Iho F�opCrly ugal�lst all claims und demands, subject ro uny encumbranees of record.
<br /> THIS SkiCURITY INSTRUMENT canbines uniform covenunts for national use und non-uniform covenants with limited
<br /> variations by jurisdiction to constitute a uniforni sccu rity instrument covering real propeny.
<br /> UNIFORM COV6NAN'1'S.Borrowcr and Lender covenani a��d agree as fallows:
<br /> l.Payment of Principul and Inter�h Preps�yment and Lnte Churges. Borrowcr shall promptly pay when due the
<br /> principal of and interest on the debt evidenced by ihe IVote:�nd any prepayment a�xl late chnrges duc under the Note.
<br /> 2.Fundc for Taxe.v and Insura�ke. Subject to upplicable law or to a written wuiver by L.ensler, Horra�ver shall puy to
<br /> L.ender on thc day monthly payments nrc duc under thc Note,until the Note is paid in full,a sum("Funds")for:(u)yearly taxes
<br /> and as,essnxnts which may attuin pri�rity ovcr this Security Instrurnent as a Ilen on the Property; (b)yearly leaschold paymcnts
<br /> or ground rents on the Property,if uny;(c)yeurly ha.�ard or property insurance premiums; (d)yearly floud insurance premiums,
<br /> if any: (c) yearly mortgngc insurance premiums,if any; and(�uny sums payable by Borrower�o Lender, in accordance with
<br /> the provisions of paragmph S, in lieu of the payment of martFage insur.tnce premiums.These items are called"Escrow Items." `
<br /> Lender may.at any time, col(ect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> related mortgage loan may require far Borrower's escrow account under the federa! Real Estate 5ettlement Procedures Act of
<br /> 1974 as amended f'rom time ta time, 12 U.S.C. Scction 2601 et seq. ("RESPA"),unless another luw that npplies to the Funds
<br /> sets a lesser amount. If so, Lender may, at any time,collect and hold Funds in an amomit not to exceed the lesser amount.
<br /> Lender may estirnate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or atherwise in accordance with lpplicable law.
<br /> Thc Funds shall be hcld in an institution whosc deposits :ue insurcd by a federal agcncy, instrumentality, or entity
<br /> (including Lcnder,if Lendcr is such an institution)or in any Federal Homc Loan Bunk.Lender shall npply the Funds to pay thc
<br /> Escrow(tems. Lender may not charge B�nower for holding and applying the Funds.annually unulyzing the escrow uccount,or
<br /> vcriFying the Escrow Items,unlcss L.endcr pays 8orrower interest on the Funds and applicable law permits Lcnder ta make such
<br /> � �h�ror. Nowevcr. Lender mav rectuire Borrower to pay a one•time charge for an independcnt rcal estate tax reporting service
<br /> used by Lender in connection with this loun, unless applicable luw provides otherwise. Unless an agrcement is made or °
<br /> applicable law requires interest to bc paid, Lender sliall not be required to pay Borcower uny interest or eamings on the Funds.
<br /> Borrowcr and I.ender may agree in writing,however,that intcrest shall be paid on the Funds. Lender shall give to Borrower,
<br /> withoutcharge, an annusl accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> debic to thc Funds�vas made. The Funds are pledged as additional security for all sums secured by this Secu�ty Invtrument.
<br /> [f�he Funds held by Lender exca;d the amounts permitted to be helcl by npplicable law, I.ender shall account to Bonowar
<br /> far the excess Funds in accordance with the requirements of applicable law. If the umount of the Funds hetd by Lender at any
<br /> time is not sufficient to pay the 8scrow Items when due, Lender may so notify Borrower in writing, tu►d,in suc�case Borrower
<br /> shull pay to Lc:nder tlie amount necessary to make up the deficiency. Borrower shall make up the deficiency in no mare than
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> llpon payment in full of all sums secured by this Security Instrument, Lender shall promptly rcfund to Borrower any
<br /> Funds held by Lender.lf,under parag��ph 21. Lender shal!acquire or sell the Property,Lender,prior to the acquisltion or sale
<br /> of the Property.shall apply nny Punds held by l.ender at the t3me of acquisition or sale as u credit against the sums secure.�l by
<br /> this Sccurity Instrument. .
<br /> 3.Aipplieallon of Payments.Unless applicable Inw provides othenvise.all paymen�s received by I.cnder under paragraphs
<br /> 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts payablc under paragraph 2;
<br /> third,ta intcrest d¢e;fourth,to principal duc: and last,to any late charges duc under the Note.
<br /> 4,Chairges;Liens. Bonowcr shall puy all taxes, assessments,charges, fines and imposicions attributable to the Property
<br /> which may attain priority ovcr this Security Instrument, und leasehold payments or ground rents, if any. Barrower shall pap
<br /> these obligations in thc manner provided in p;�rograph 2. or if not paid in that manncr,Borrower shall pay them on time directly
<br /> to the person owed paymcnt. Borrowcr shall prompily furnish to Lcndcr all notices of amounts ta be paid under this paragraph.
<br /> If Borrower makes these payments directly.Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> Borrowcr shall promptly dischurge any lien which has priority over this Security Instrument unless Bonower: (a)agrees in
<br /> writing to the payment of the ubligation secured by thc lien in a manner acceptuble to Lender;(b)contests in good faith thc lien
<br /> - by, or defends agAinst enforcement of the lien in, lesal proceedings which in the Lender's opinion operate to prevent the
<br /> � enfor;ement of the lien; or(c)secures from the holder of the lien an agreement sutisfactory to Lender subordinating the lien ta
<br /> this Saurity Instrument. If Lender dctermines that any part of the Property is subject to a lien which may attain priority ovcr
<br /> this Security Instrumcnt, Lender may give Borrower a notice identifying thc licn. Horrower shall satisfy the lien or tuke onc or
<br /> - u�ore of tl�e nctions set forth above within l0 days of the giving of notice.
<br /> Form 3028 9190
<br /> .. PaBa]ot 8
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