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<br /> �:°���. -'•���;� TOGE'fF{FR WITH nll the lmprovemeata now or hereafter erected on the property, and ail urten�nces.And
<br /> ' ` ' � fixtures no�v or hore.9fter a part of the proporty,. All replscaments �tnd addidons shnll nlKO bo covered by this Securlry ___
<br /> ' "'�• Instntment.All of the foregning is refcrnd to in this Security Instrument ns tho "Property." �`--F`
<br /> R•' �" BORROWER COVfi1�ANTS thnt $orrawer is lawfully scised of the esUtta heeeby convoyed aid hxs tho right to grnnt end _.__
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<br /> • •°� convey the Properry nnd thut the Property is unencumbered, oxcept for cncumbranca of record. Aorrower wncrantx and wi —
<br />;,�.� ; V : � defend generalty tho title to the PropeRy egninst nll clalms nnd demands,subject to nny encumbrnnces of recard. _
<br /> THIS SECURITY INSTRUA1Et�T cambines unifarm coven:u►te for nattand use uid non•uaifor�n covenents with limited
<br /> ''�' ��ariatIons hy jurisdiction to constitute n uniform security tnstrument covering ren l p r o p e R y. �;�,
<br />- UNIFORM COVENANTS. Borrower and I.ender coveaant and agreo as follows:
<br /> E°
<br /> ,�,°`, ,._ 1. Payment of Principal and Inter�st; Prepayment and Late Char�es. Banowor shall promptly pay whon duo the
<br />�;, principal of and interest an the debt evidenced by the Note nnd nny pcepayment and lato cht�rgos duo under the Note.
<br /> 2.Funds for Taxes and Insurs►nce. Subject to applicable law or to n writttn wniver by I.ender,Barrower ehnll puy to
<br /> Ltnder oa the day monthly paymeats ure due under the Note,uatil the Note is paid in fl�ll,n sum("Funds') for.(a)yearly tax6s
<br /> . ��� r� nnd :►ssessmeats which aaay attaia prioriry over this Security Instrument as u li�n on tbe Properry; (b)yearly leuehold payments 4
<br /> �` � � or sround reau on the Pmpercy, if any;(c)yearly ha7ard or properry insucance promiums;(d)yeaz1Y fload insunrice premiums, _
<br /> �� '� �{�y;(Q)yearly mortgage insurnace premiums, if any;and(�anY sums payable by Borrower to Lender, in accordnnce with
<br />�..+•�;i,. . the provisions of puragrnph 8, in lieu of tha paytnet►t of mortgago insurance premtums,Thesa itcros nre called'Escrow Itcros."
<br />�'. Lender may, At any time, collect and hold Funds in an amount not to exceed the maximum amount a lender far A federally
<br />�' �� nluted moRgage loan may rec�uire for Borrower's escrow account under the federal Real Estate Settlemont Frocedures Act of
<br />�`Y::��r�"� 1974 as amended from ti�ne to time, 12 U.S.C. Sxtion 2601 et seq. ('RFSPA'), ualess another law thit applies to the Funds
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<br /> ' " set� a lessar amount. If so, I.ender may, at any dme. collect and bold Funds in an amount not to exceed t e esser+uno►►n• i.
<br />�,:�;;rs:_'.� Lender cuay estimate tha amount of Funds due on the basis of cutteat data and rossonablo estimates of expendituros of futura
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<br /> -- Escrow Items or otherwise In accordaaa with applicable aw.
<br />�� ��:;� The Funds shall be held in an institution whose deposits t►re insured by a federal ageacy, inatrumentalit}+, or entity
<br /> s�:°�`'k a (including Lendcr,if Lender is such an iastitution)or ia any Federal FIome Loaa Baak• 1-�ender shall apply the Funds tu paY che
<br />'�; �i:;.� Fscrow Items. I.ender may not chnrge Borrower for holding and applying the Fuads,anaually analyziaS the escr'°w acc°w�t, or
<br />�::��c<- . verifying the Escrow Items,unless Lender pays Borrower Interest on the Funds and applicable law permits I.ender to mako such
<br />—�'d° e charge. However, Ixnder may roquin Borrower to pay a one-timo charge for an tadependeat real astate tax reportin8 service
<br />-="'•:"��=� used by Lender ta connectioa wlth thie loan, unless upplicable law pravides othenx•ise. Unless an agraemeut is made or
<br /> _ _� applicable law requires interest to 6e p�id. Leader ahall not be required to pay Borrowcr aay ineerest ar earnioBs on the Fuads.
<br /> _.��T°�;,� Bonower and Leader may agre�ia W+riting,howevar,that Iaterest ahall be paid on the Fuads. Lender eball giva to Borrower,
<br />��,�,�,'� wIih�+ut �haroe; an annual eccountlu�of the Funde, showtng credits and debits to the Fuads and the purpose for which each
<br /> _ -=��w,�,� debit to tho Funds was mada.The Funds are pledged ac addidonal socurity for alt sumg secured by ihis Sa:urii�I�,-i:am:.ni.
<br /> _- —= If the Funds hald by Lendor exceed the amounts permitted to be held by applicable law,Lender shall account to Bonower
<br /> ----- for the excess Funds in accordauce wtth the rec�uirements of applicable law. If tha amount of the Funds held by i.ender at any
<br /> ��� - time is nat sufficient to pay the Escrow Items when due,Leader msy so notify Bortower in writing,nnd,in such case Borrower
<br /> -----= ahall pay to Leader the amount aecessary to make up tha deficiency. Borrower sl�all m�lce up the deficiency in ao mare than
<br /> twelve monthly payments,at Leader's sole discndon.
<br /> Upon payment In fuU of all sums secured by tlue Securicy Inatrument, Lender shaU promptly nfund to Borrower any
<br />--____ Funds held by Leader.If, undcr paragcuph 21, Lendar ehall acquiro or seU the Property,Lender,pdor to tho�cquisitlon or sale
<br /> - of ttie Property,shall apply any Funds held by Lender at the time of acquisitioa or sale as a credit against the sums securat by
<br />�-�� tlus Security Insttument.
<br /> �1° 3. Appltcation of Payments.Unless applicablo law provides otherwise, all payments received by Lendet undes parngraphs
<br /> 1 and 2 shall be applled: first. to any prepayment oharges due under the Note;second, to acnounts payable uader patagcaph Z;
<br /> third,to interest duo;fourth,ta principal duo;end last,to any late charges due under tho Note.
<br /> � 4. Charges;Liens. Bonower shell pey all taxes,assessments, chorges. fines and Impositions attributable to the Property
<br /> ' which may attain priority over this Securiry Instrumcat, and leasehold payments or ground reats, if any. Bormwer ahall pay
<br /> __,m._ theso obllgatious in tho manner provided in paragcaph 2,or if not paid in that menner,Bocrower shall pAy them on time direetly
<br /> ___r to tho person owed payinent. Borrowar ahall promptly furniah to Lender all notices af amounta to be pdd under thia paragtaph.
<br /> If Borrower makes these payments dixcetly,Borrower ahall promptly fumish ta Lender mceipts evIdencing the payments.
<br /> Bonower shall promptly discharge any lien wluch has priority over this Security Inahument ualcsa Borrower: (a)agrees in
<br />—,�� writing to tho payment of tha obligatioa secureci by tLe lien in a menner accepteble to Lender;(b)contost� in good fuith tho lI�a
<br /> --_� by, or defends against enforcement of tbe lien in. legnl proceedings which in ttie I.encier's opinion operate ta provent the
<br /> cnforcement of the lien;or(c)secures from the holder of the lien an agreemeat satiafactary to Lender subordinatin�tho lien to
<br /> _-�_-..��, this Security Iastrument. If I.ender determines that eny part of the Property ie subject to a lien which may itcain prIorlry over
<br />-___;�j this Security Instrument, Lender may givo Borrower a aotice identifying the lien. Borrower shall sattsfy the lien or take one or
<br /> -°�• ���aj mon of the uctions set forth above within 10 days of the giving of notice.
<br /> _ =��*�=�i Fam 3028 9190
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