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<br /> � TOCiETHER W1TH zsll thc Improvemcnte naw or hercafter crectcd on thc property,und all eascments,uppurtenanses,and
<br /> " � fixtuns nuw ar hercAtler e pan of thc praperty. All replacemcnts and additlons shall nlso Ue covcrcd by this Sccurity
<br /> � Instrumcnt. All of the forcgoing is rcfcrrcd[o in thi9 Securlry lnetrumcnt as chc"Property." .
<br /> BARROWER COVENAMTS that Borrower is lawiully sciacd af the cstatc liereby conveyed nnd has the right to grant and
<br /> j convey the Property and tha the P�operty ls unencumbered, except for encumbrances of record. B��nower warrunts and wUl �
<br /> defend genorally the title tv ihe Property ugnlost all claims mid dcm�nds,aubject to any encumbrances oP record.
<br /> � THIS SECURITY 1NSfRUMENT combines unifarm covenann for nadonal use and non-unifarm covonams with llmited „ _
<br /> � variaiions by)urisdictian to consQtute n unlform security Instrument covering real property.
<br /> i UNIFORM COVENANTS.Borrower nnd Lender wvenant and agra as tollows:
<br /> 1. Pnymeut of Prtnclpal and Interest; Prep4yment pnd Lpte Chs�ry{es. Bonower shall promptly pay when duc the � ,:'
<br /> _,},:---; psincipsl of and lnterest on ihe debt evidenced by the Note nnd any prepayment And late charRes due under the No�e. �_ ;_.
<br /> �- 2. Funds for Tsixes And Inguronce.SubJect to applicable law or�o a written waiver by Lender, Borrower shall Qay to _
<br /> I.cnder on the day monthly p�yments are due under the Note,until the Noie is paid in full, a surn("Funds")for:(a) ycarly taxes __
<br /> and asscssments which may attain pdorlty over this Security lnstrument a�a Ucn an the Property;(b)ycarly leauhold payments ;`;_:�
<br /> or ground rents on the Proparty,if any; (c)yearly ha•r.ard or property insurance premiums; (d)yearly flood insurance premiumc. _
<br /> if aay; (e)yearly mortgage insurance premiums, if any;and (�any sums payable by Borrower to Lender, in xcordance with ...
<br /> the provislons of paragrepL 8, in lieu of the payment of mortgage insurance premiums.These items are called '8scrow Itetps." _
<br /> Lender may, at any time. collect and hold Fuads in an amount not to excad the maximum amount a lender for a federally „;_
<br /> related mortgage loan may require for Banower's escrow account under tt�e federal Real Fstate Settlement Procedures Act of .ti,•: -
<br /> 1974 as amended ftom timero time, 12 U.S.C.Section 2601 et seq. ('RESPA"),unless anothet law that applia to the Funds ' �-k_�_
<br /> scts a lcsscr amouat. If so,Lcndcr may, at any time, collect and hold Funds in an amount not to exceed the lesscr amount. '��-
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<br /> Lender may estimate the amount of Funds due on the basis of current data aad reasonable estimates of expenditures of future �::`rc�
<br /> Escrow Items or otherwis�in accordance wlth applicable law.
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<br /> The Funds shall be: held in an institution whose deposits are insured by a federal agency, instrumentality, or entiry ��`i
<br /> (includ'wg Lender,if Lender is such an institution)or in any Federal Nome Loan Bank•Lemder shall apply the Funds to pay tho -_
<br /> �i Escrow Items. Lender may not charge Borrower for halding and apply ing the Funds, annuaUy analyzing the escrow nccount,or -_
<br /> , vetifying the Escmw Items,unless I.ender pays Borrower interest on the Funds and applicable law permlts Lender to make such _
<br /> � a charge. However, I.endermay require Borrower to pay a one-time chazge for aa independent real estate tax ttporting servIce
<br /> ��• used by l.ender in coaaeuion with this loan, unless applicable law provides otherwise. Unless an agreement is made or _
<br /> applicable law requires interest to be paid,L.ender shall not be required to pay Borrower any intetest or eaminga on the Funds. �
<br /> ;;;:=' Borrower and I.ender may agree in writing, how�ver, that interest shall be pud on the Funds.Lender shall give to Borrower, �
<br /> -�'' ::�iilsout clzargt, aa z*��!�!xe.oun[ine of the Funds, shawing ctedits and debits to the Funds and the purpose for which each
<br /> � debit to the Funds was made.The Funds are pledged as additional securiry for all aums secured by this Sectulty Insuument. ��.
<br /> ` If the Funds 6eld by Lender exceed the amounts pe:miitted to be held by applicable law,Lender shall ac�ount to Boaower _
<br /> �' for the excess Funds in accordance with the requirements of applicable law.If tbe amount of the Funds held 6y Lender at aay
<br /> � �, time is not sufticient to pay�he Escrow Items when due,Lender may so notify Borcower in writing,and, in such case Borrower
<br /> � shall pay ta L.ender the a=nount necessary to make up t�e deficiency. Borrower shall make up the deficiency ia no more thea
<br /> � twelve monthly payments�at Lender's sole discretion.
<br /> , . Upon paytnent in full of all sums secured by this 5ecurity Instnmeat, Lenrior shail promptly refuud to Bor�uwee auy
<br /> � ' Funds held by Lender.If, uader paragraph 21,Lender shall acquire or sell the Propeny,Lender,prior to the acquisttion or sale
<br /> of the Property, shall epply any Funds held by L.ender at the time of acquisition or sale as a credit against th�wms secural by
<br /> � this SecurIty Instrument.
<br /> 3.Applleatioa ot Fsya�ents. Unless applicable law provides othenvise,all payinents received by Lender under paragraphs
<br /> • + 1 and 2 shall be applied: firat, to any prepayment charges due under the Note; second,to amounts payable undor paragraph 2;
<br /> third,to interest due; fourth,to principal due;and la,vt,to any late charges due under the Note.
<br /> 4.ChArges;Ltenv. Borrower shall pay all taxes,assessments,cbuges,fines and imposittons attrlbutable to the Property
<br /> ' ' which may attain priority over this Secudty Iastrument, and leasehald payments or ground rents, if any. Sorrower shall pay _
<br /> these obligations in the mam�er provided in patagraph 2,or if not paid in that manner,Bonower shall pay them on time directly
<br />-'t ro the person owed payment. Borrower shall prornptly furnish to Lender all notices of amouats to be paid under this paragraph. F'
<br />� ' If Bonower makes theu paYments diretdy, Borrowcr sha11 promptly fumish to I.cnder receipts evidencing thc paymcnts. _
<br />_ a Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Borrower: (a)agras in
<br /> � � writing to the paymebt of the obligation secured by the lien in a manner acceptable to Lender; @)contests in good faith We lien =
<br />' �' �'{• ' by, or defends against entorcement of the lien in, legal proceediags which in the Lender's opinion operate to pnvent the =
<br />?��r � ' enforcement of the lien;or(a)secures from the holder of the lien an agreement satisfactoYy to Lender subordinating the lien to =
<br /> � �, this Security Instn�ment. ItL.ender determines that any parc of the Property is subject to a lien which may att�n priority over �_—
<br />= ''� ' this Security Instrument, Lender may give Borcower a notice identifying the lien.Borrower shall satisfy the lien or take one or _
<br /> ' '�'' more of the actions set faxi6 above within 10 days of the giving of notia. ==:�4°
<br /> .. � Form 302 9190 �'Y"'-�'�"-
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