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<br /> T0C3ETHF.R WITH ull the inzpruvements naw or hereafter erected on thc propeny,und ull cuscmcnts, appurtcnunces,u�
<br /> fixtures �w an c�rcuftcr u part of thc property. All rcplacementa and Additions shall also be cavcred by this 5ccurity
<br /> Instrument.All of thc forc�tuing is referrcJ to in this Sccurity Instrument.�s the"Property."
<br /> BORROW�R COVENAN7'5 that&�rrawer is lawfully seised of the eswte hercby conveyai und h�.s thc right ta grant wzd
<br /> convey rhe Property and that the Praporty is unencumbcred, except for encumbrances of recnrd. Borrower warrunts and will
<br /> defencl generolly the title ta the Propeny pgainst all cluima und demands,subject ta any encumbrnnces of record.
<br /> THI�SECURITY INSTRUM�NT combines uniform caven.znts for nation�l use and non-uniform covenants with limited
<br /> variattons by jurisdiction to c�nstltutc a uniform c;ecudty instrument oavering reul property.
<br /> UNIFOEtM COVENANTS.Bonower and Lender covcnant nnd agree us follows:
<br /> 1. Payment ot Prl�cippl and Interesti Preptiyment and Iate Ctuuges. Bonnwcr shall promptly pay when duc thc
<br /> principal of and interest on the debt evidenced by the Note and any prepayment und late churges due under the Note.
<br /> 2.F�nds !or Taxes and Imsurance. �ubject to applicuble law or to a written waiver by Lender, Rarrower shall pay to
<br /> l.ender on the dAy manthly payments are due under the Note,until tho Nate is paid in full,u sum("Funds")for: (a)ycarly wxes
<br /> and assessments which muy attain prIority over this Security Instn�ment as a Iten on the Propeny;(b)yearly leasohold paymeats
<br /> or ground oents on the Psoperty.if uny;(c)yearly hazard ar property insurance premiums;(d)yearly flood insura�xc prcmiums.
<br /> if uny:(e) yearly mortgage irsurance prem3ums, if any; and (�any sums payeble hy Rorrower to I.ender, in nccordance wIth
<br /> the provisions of parugraph 8, in Iteu of the pay�rent of mongage insurance premiums. These items are culled"Escrow Items."
<br /> Lender may,at any time, colloct and hotd Funds in an amount not to exceed the maximum amount a lender for a foderally
<br /> rclated mortgoge loan rttciy require for Borrawer's escrow nceount under the federal Re�at Estate SetUement Procedures Act of
<br /> 1974 as amended fram time ta time, 12 U.S.C. Section 26D1 et seq. ("RESPA"),unless another law that upplies ta the Funds
<br /> sets a Iesser amount. If so, Lender may, at any time,collect and hold Funds in un�unount not to exceed the lesscr umount.
<br /> • Lender may estimate the amount of Funds due on the basis of carrent data t�nd rtaconable estimates of expenditures of future
<br /> Escrow Itenu or otherwise iu accordance with applicable law.
<br /> The Funds shall be: held in an institution whosc deposits nre insured by a federal agency, instrumentality. or entity
<br /> (inc(udtng l.ender. if Lender is such an institution)or in any Federal Home Loann Bank. L.ender shall apply the Funds ta puy the
<br /> Bscrow Items. Lender may not charge Borrower for holdin�and upplying tha Funds.ennually analyzing the escrow account,or
<br /> _ verifvinw thr Rccr�w ft�mc.�inlr��T Pruler�aqc F3ormwer interest on the Funds and appficable!aw pernuts 1.ender to muke such
<br /> a charge. However. I.ender may requim Borrower to pay a one-time charge for an lndepen�ent real estate tax reporting service
<br /> used by Lender in connection with this loan, unless appltcable law provides othenvise. Unless an agrcement is msde or
<br /> , applicebte law requires interest to be paid.Lender shall not be rcquired to pny Borrower any intarest or earnings on the Funds.
<br /> Borrower and Lender may agree in writing, hov�•ever,that interest shall be paid on the Funds. l.e�xter sha11 give to Borrowcr.
<br /> ", without chsuge.an annual nccounting af the Funds, showing credits and debits to thc Funds and the.purpoae for which each
<br /> debit to the Funds was made.The Funds are pledged uv additional security for all sums secured by this Security Instrument.
<br /> • If d�e�ands held by Lender exoeod the amounts permitted to tw held by applicable law, Lender shell account to Borrower
<br /> � for the excess Funds in accordance with the requirements of upplicxible law. If the amount oP the Funds held by Letxler at any
<br /> �� time is not sufficient to pay the Bscruw items when due,I.ender may so notify Borrower in writing,an�,ic�such case Borrower
<br /> •` shall pay to Lender the amount necessary to ma.ke up the defic}ency. Borrower shall make up the defictency in no more than
<br /> twelve monthly payments.ut I.ender's sole discretion.
<br /> '.• Upon payment in full of all sums secured by this Secur�ry Instrument, Lender shal! promptly refund to Borrower any
<br /> ' Funds held by Lender.If.under paragrnph 21,L.ender shall acquire or sell the Property.Lender,prlor to the acquisition or sAle
<br /> of the Proparty,shall apply any Funds held by Lender at the time of acquisition or sale as a credit ngainst the sums securod by
<br /> this Secudry Instrument.
<br /> 3.Applicadon ot P�nYments.Urless upplicable law provides otherwlse.al!payments received by Lender undcr paragraphs
<br /> 1 and 2 sha11 be applied: first, to any prepayment charges due under the Note; seoond. to amounts pay�ble under pnragrztph 2:
<br /> third.to interest d�se;fourth.to principal due;and lnst,to any late charges duc under the Note.
<br /> 4.Clurges; L1ms.Borrnwer shall pay ull tuxcs,asscssments,charges,fintu and impositions attributable to the Property
<br /> which may attain priodty over this Securiry Instniment. anJ Ir:tsehold paymenu or ground renu. if any. Borrower shall pay
<br /> thcse obligations in the manner providal in parogrnph 2,or if not paid in that manner,Bor�ower shall pay them on time directly
<br /> to the person awod payment. Borrower shall prornptly furntsh to Lendcr ull notices of amounts to be paid under this paragraph.
<br /> '. If Borrow•er makes these payments dircctly,Borrower shall pmmptly fumish to Lender receipts evidencing the payments.
<br /> Borrower shsill promptly discharge any lien which has prioriry ov.r this Sec:urity[nsnvment unless Borrower:(a)agrees in
<br /> writing to the payment af the obligation secured by the lien in a manner acceptuble to Lender;(b)contests in good faith the lien
<br /> by. or defends against enforcement of the Ifen ir., legal prc►cexdings which in the L.ender's opinion operate to prevent the
<br /> enforcement of the lien; or(c)secures from the holder of the licn an agrcement sntisfactory to Lender subordinadng the lien to
<br /> this Security Instrument. (f Lender determines that uny part of the Property is subject to a lien which may attuin priodty over
<br /> Qiis Securety Instn�ment, LenJer nuiy give Burrower •r notice identifyins the lici�.Borrowrr shull satisfy the lien or tuke one or
<br /> , more of ehe actions set forth above witfiin 10 days of the giving of notice.
<br /> Farm 3028 9190
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