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<br /> � 7i0UGTHER WiTH ell thc improvamcnts now on c�rcat�r croctcd on tha property.and all cascmcnts,app�ut,enanccs,and � , : : .t;:.
<br /> fixtures now on c�rcafccr a part of tho property.All rcplsicemcn�s ond udditions shnQ also ha cavcred by ihis Sacurity InsdvmcnG �
<br /> � All of thc forcgoing ls rcferrcd to in thts Security lnswmcn[as�hu"Property." `
<br /> BORROWER COVENANTS that Bortowcr i.v lawfuQy seiscd of tho cstatc hercby convoyod and has tho right w grant and �.•� .�-
<br /> � �•°"` comey the Property end that tho Propeny is unencumbered,except for encumbrances of rocord. Aorrower warrants and will N � °`li-
<br /> . �
<br /> • dcfend gcnerally the dUc to Ihe Propcny against all claims end dcmands,subjxt to any encumdrances of record, � ,_,�`.::.
<br /> THIS SECURI'I'Y INSTRUMENT cambines uniform covenents for nadanal use and non•unifurm covenant� with limited I. ��`: ""'
<br /> •' a'�T;._.
<br /> voriadons by jurisdicdon to consututa a un[form sccurity inswment covcring rcal proputy. �•. `;ti�.s��
<br /> UNIFORM COVfiNANTS.Borrower and l.cnder covenant and agroo as follows: � ,';� '�
<br /> :�a!!,ri:
<br /> 1.PAyment ot PrincipAl s�nd Interesh Prep�yment And Lpte ChArges. Borrower shaU prompUy p�y when duc thc ���-A:__-
<br /> principal of and interast on the debt evidenced by ihe Note and any prepayment and lato chargas due under the Note. :����,�
<br /> 2.Funds for Tsuces And Insurnnca Subject to npplicabl� law or to a writtnn waiver by L.ender, Barower shell pay to =�:
<br /> Lendcr on the day monthly payments are due undcr Ihe Nota,until the Nota is paid �n fuU,a sum("Funds")for.(a) yeariy taxes ___a
<br /> and assessments which may atutin priority ovcr this Securiry Insdumsnt as a l�en on�ha Prope�ty; (b)yearly leasehold payments -_m'
<br /> or ground rents on the Proprrty.if any;(c)ycarly hazard or prope.rty insurnna premiums;(d)yaarly flaod insuranc�premiums,if �;°�;_�- _
<br /> az►Y:(o)Yearly mortgage insurance premiums. if any;end(�enY sums payablo by Borrow�r to Lender.in eccordance with the •,`"a-
<br /> provisions of puagraph 8. in l�eu of the payment of mortgage insurstnce premiums. 'Itiase ltums ares callod "Escrow Items." '�`.�:Y"�:
<br /> Lender may,at any timc,collect end hold Funds in an amount not to excced the maximum amount a Iender for a tcderally related ,��
<br /> moctgago loan may require for Borrower's escrow account under the federal Real Fslate Setdement Pracedures Act of 1974 as _-—
<br /> � amendad firom tune to time,l2 U.S.C.Secdon 2601 er seq. ("RESPA"),unless anothcr law that applics to the Funds sets a lcsscr •
<br /> amount If sa,Lcndu may, at eny time, colloct and hald Funds in an amaunt not to exceed the lesser amounG L,ettder may , �`.�
<br /> �rimate the aawunt of Funds due on the basis of current data end reasonablo estimates of expenditurcs of fuwre Escrow Items or —__
<br /> od�wise in accordance with applicable law. '
<br /> The�nds shall be held in an insdtution whose deposits aro insured by a federal a�ancy,instrumentality,or entity(including �
<br /> � Lendu�if Lender is such en insritudon)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Fscrow •
<br /> Items.Lender may not charge Borrower for halding and applying the Funds,ennually enalyzing tho escrow eccount,or vcrifying
<br />- the Escrow Items, unless Lender pays Borrower intarost on tl�o Funds eu�d applicable law peimits i.ender co mat:e such a ctiargc. -
<br /> - • F3owever, Lendu may roquire Borrower w pay a onatime charge f4r an indepeadent real estate tax nporting senrice used by
<br /> . Lead�er!n connecdon with this ban,unl�ss applicabk law provid�s otherrvise.Unless an agreement is made or applicablo law
<br /> ' requires intcrest tn bc paid,Lender shall not be cequircd to pay Borrowcr any interest or eamings on the Funds.Horrowu and
<br />� Lender may agroe in wridng,howcver,that inteaast sball be p�id on the Fua�s.Lender shall give to Borrower,without chargc,an �;;
<br /> � annual eccoundng of the Funds,showing crodits and debits to the Funds end th�putpose for which each debit w the Funds waR Fs
<br />_ �• � made.'Ihe Funds am pledgod as addidonal socurity for all sums secured by this Sccuriry InstiumenG �-�
<br /> � If the Funds held by Lender oxcad the amounts pcmiitted to be held by applicabk law,Lender shall account to Borrawer fa f;;
<br />- the excess Funds in accordance with tho roquiraments of applicabla law.If the amountof tha Funds Ixsld by Lender at any dma is r�;
<br />� not sufficient W pay the Escrow Items when duE,Lender may so norify Borrower In writing,and,in such csise Sarower shell pay �:°
<br /> -� + to Lender U�e amount nocessary Go maka up the d�cicncy.Borrower shall make up tha deficicncy in no more then twclvc �"•
<br />_' monthly payments,at Lendcr's sok discredon. r-
<br /> ', ; , Upon payme�t in full of all sums secured by this Security InstrumenG Lcc�der shall prompdy retund to Borrower any Flmds �-
<br /> r' ' ' '..5 held by Lendei.If,under parag�aph 21,L.ender shall acquire or sell the Property,I.ender,prior to the ocquisition or sa18 of tha �-`
<br /> '' I�ropetty, shall epply any Funds held by Lender at the time of acquisidan or sale a�a cre,cfit against the sums secured by this �;;
<br /> , .,:� Secarity Inst�umen� ��'�:
<br />�:� . ;,.. 3.Applicaaon ot Paymenta Unless applicable law provides otherwise,all payments receivcd by Lendcr nndcsr paragraphs '��
<br /> _ ' 1 and 2 shall be appGcd:fust,w eny prepayment charges due under the Note;second, m amounts payable under peragraph 2; '��;.,
<br /> J'.�,;,... thlyd,to inurest due;fourth,w principal due;and last,w any late charges dua under the Nota.
<br /> «`•.`;�.. 4.Charges;Liens. Borrower shall pay all taxes, assessn►ents, charges, fines and imposidona aqributable to the Property
<br />�?-,, , which may aaain priority over this Sccurity Inswment,and leasehold payments or ground rents,if any.Borrowe�shail pay these •
<br />_ . �, , obligations in tho menncr provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on pune clirecdy w the __
<br /> person owed paymen� Borrower shall prompdy fumish to Lcnder all notices of amounts to be paid undu this paragraph. If _
<br /> Bo�rower makes these payments direcdy,Borrower shall prompdy furnish to Lender receipts evidencing the paycnents. _-_
<br /> Bomower shall peompdy discharge any licn which haS priority over this Secwrity Instcuument unless Borrowor: (a)agrces in �-_= --
<br /> • wridng to the payment of tha obligadon secuned by thc licn in a menner aocepwble w L.ender;(b)contests in good Ceith tt�s litsn ;�•�_��_-
<br />- by. or defcnds against enforcement of tho linn in, Icgal procoedings wh[ch in tho L.ender's opinion operate to prevent tha - _
<br />� eitforcement of ihe Gen;or(c)secures from tho holder of iho lien an agreement satisfacwry to L.ender subordinnting thn lion to .
<br /> Ihis Security Insuument.if Landcr determinos that any purt of tho Property is subject to a fion which may auain priority ovcr this
<br /> Security Instrumcnt,L�ender may give Borrower a natice idcnufying tho tien.Borrower shall satiafy tho Gc�n or tak�ono or moK ���
<br />� of tha actions set focth above within 10 days of tho giving of notice.
<br /> For�n 3021 9l�0
<br /> ' — � �•6R(NE)�ai�2).oi P�p�2o16 inu�ai�:
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