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<br /> TQGETHBR WITN all the improvements now or hereafter erectal on the ptoperty,imd all casM�nt~uppurtena�xcs,aixi
<br /> fixtures now on c�rcaftcr u part of the property. All replacements and additions �shul! ulso bc cavercci by thix Sccurity
<br /> lnstrument. All of ehe foregoing is rcferred to[n this Sccurity lnstniment us the"Praperty." _
<br /> BnRROWER COVENANTS that Borrower iti tuwfully seised of the estate hr,rcby conveycd unci hus the right a�g��u�u u►ul
<br /> convey the Property and thut Q�e Property is unencumberod. except for encumbrances of recorcl. Bormwer warrants and will
<br /> defend generally the title to the Propeny aguinst ull clai�ns and demnnds.subject to uny encumbrnnc�s of remrri.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for natfonal use aad nun•uniform cavenunts with limited
<br /> vnriations by jurisd{ctlan to constitute u uniform sc�cudty instrument covering real property.
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and egree as follows:
<br /> 1. Payment of Principad And Inter4st; Prepayment and Late Charges. Iior►'ower shall prompdy pay wLen duc U�e
<br /> principal of und interest on the debt evidenced by the Note and uny prepayment und late charges due under the Note.
<br /> 2.Ftinds[or Taxes and Insurance. Subiect to applicable law or to a written wuiver by L.cnd�r. Barrowcr ahall pay to
<br /> Lendcr on thc day monthly payrmnts ara due under the Notc.until the Notc is paid in full.a sum("Fu�s"i'°�ho d ayments
<br /> and assessments whtch may anain priarity ovcr this Securlty Instrament as a lIen on the Propeay; �b)y y p y
<br /> or ground rents ari the Property.if uny;(c)yearly ha7ard or property insuranoe premiums;(d)yearly flood insurance prcmlums.
<br /> if any;t�)Y�►'�Y �T��S��nsurance premtums, 1f enY: and(��nY�ums puyable by Borrower to Lender, in acrnrdance with
<br /> the provisions of parag:ruph 8,tn lieu of the payment of mortgage insurance y►remiums.These items are called"Escrow Items."
<br /> Lender may, at any ticne, collect and hold Funds in an amuunt not to execed the maximum amount a tender for a falerally
<br /> relatal mortgage loam m�y require for Borrawer's escrow aceount under the federal Real �state Setdement Procodures Act of
<br /> 1974 as amended ftom time to time. 12 U.S.C.Section 2601 er seq.("RESPA"),unless another law that applies to the Funds
<br /> seis a lexser amount. If so. Lender may, at any ttme, collect and hold Fua�ls in an amount not to exceed the lesser amount.
<br /> Lender may esttmate the f.mount of kunds due on the basis of current datn and reasonable estimates of expenditures of futuro
<br /> Escrow Items or otherwise in accordance with appltcable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, inswmcntality, or enttty
<br /> (including Lender,if L.ender is such an instiartion)or in any Fecleral Home Loan Bank.Lender shall apply the Funds to pay the
<br /> Escrow Items.L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or
<br /> y.r.�-��y,-}�s�ihc g;�cra�:Item��y�sl��LQnl�r gayc Rnrmwer interest on the Funds und applicable law permits I.e�xler to make such
<br /> � a charge. However, Lender may re�vire Borrower ro pay a one-time charge for an independent rtal estate tax reporting service
<br /> usod by Lender In cannection w�th this loan, un(ess applicable Iaw provides otherwis�, Unless an agreement is made or
<br /> applicable law roquires interest to bc paid.Lender shail not be cequired to pay Eorrower any interest or earnings on the gu�ds.
<br /> , Borrnwer and Lender may egree in wdting,however.that interest shall be paid on the Funds. I.ender shall give to Borrower,
<br /> without charge. an annual axounttng of the Funds, showing credits and debits to the Funds and the purpose foz wfiich esch
<br /> debit to the Funds was made.The Punds are pledged as additional security far ull sums secured by this Security Inshument.
<br /> If the Funds held by Lender exs�ed the amounts pe:mutted to be held by appiicablG law,Lender shell account to Borcnwer
<br /> for the excess Funds in accordanco with the roquirements of appffcable law. If the nmount of the Funds held by [.ender at any
<br /> time is not sufficient to pay the Escrow Items when due.Lendcr may so notify Borrower in writing,and.in such case Bornower
<br /> shall pay to Lender the amount naccssary to make up the deficieucy. Borrower shall make up the deficlency in no moc�e ttuu�
<br /> twelve monthly puyments. at L.endar's sole dtscretion.
<br /> (Jpon payment in fuli of all sums secured by this Security Instrument. Lender shall promptly nfund to Iiorrower any
<br /> Funds held by Lender.if. under paragrnph 21.Lender shall acquirc or sell the Property.I.end�r.prior to the aoquisition or sale
<br /> = of the Property. shall apply a��y Funda held by Lender at the time of acquisition or sale as a credit against t!m sums secured by
<br /> ' ' this Security Instrument.
<br /> ' 3.Applkatlon oi Payments.Unless applicable Iaw provides otherwise,all payments reaived by Lendcr under paregraphs
<br /> , 1 and 2 shall be applied: first, to eny prepayment charges due under the Note; second. to�imounts payable under pnregraph 2;
<br /> third,to interest due; fourth,to principal due:and last,to any late charges due under the Nata.
<br /> . 4.Charges;Liett�. Rorrower shall pay all taxcs. assessmenu.charges.fines and impositions sttributablc to the Property
<br /> � which may attain prioriry over this Securiry Instrument,and leusehold payments or ground ronts, if�ny. Borrowsr shaU pay
<br /> ; wese obligations in the manner provided in paragrnph 2.or tf not paid in.that m.�u►ner,Borrower aha�l pay them on time diroctly
<br /> to the person owed payment.Borrower shall promptly furrt�ish to Lender all notices of amc�unts ta be paid under this paragraph.
<br /> kIf Bonower makes these payments directly,Borrower shall promptly furnish to Lender receipts evtdencing the paymcnts.
<br /> , Borrowcr shall promptly discharge:my lien which has priority over tbis Security Instrument unless Borrower:(a)egrces in
<br /> ; writing to the puyment of the obligation secured by the lien in a manner ncceptnbie to I.ender;(b)mutests in guod faith the lien
<br /> by, or defends again5t enforcement of the lien in, legal proceedings which in the Lender's opinion opetate to prevent the
<br /> '• enforcement of the lien;or(c)secures from thc holder of the licn an agreement satisfactory to i..ender subordinating the lien to
<br /> �. this Seaurlty Insuument. If L.ender determines thut any purt af the Property is subject to a lien which muy attain prioriry over
<br /> : this Security[nstrument, I.ender may give Borcower a notice identifying thc licn.Borrow�r shall satisfy the litn or txke one or
<br /> more of the actiona set forth nbove with(n l0 days of the giving of notice.
<br /> � Form 3028 9(�0
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