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<br /> TOCl�'CHER WI'TH ull thc hnpruvcnxms nnw or heaxRer erected on the propcny, aixl ullr��nient�,�p�(rt�d�Accs,und
<br /> fixtures uow on c�rcidtcr u purt of thc prupcny. All rcplacemcnte n�x1 acldi►iony tiludl cdso ix cavcrcd hy this S�curity
<br /> Instrumcnt.All��f�hc fittcgois�g Is rrfcrrcd ta in this Sccutiry Instrumcnt u�thc"Property."
<br /> HnRRf1Wl�R CnVNNAN'fS 11�at I��rrc►wcr ic I,ewfully scitial of thc estanc hcrchy r�mvcycd i�nd ha��hc right�n pr.int und
<br /> canvey the Prapeny utxl thut the Pruperty is unencumbered. exeept f�r encumbrunces af'recurd. &�rr�►wer wurrunts and will
<br /> defe�xl generully the tide to d�e praperty against ull cluims and demunds, subject to uny encumbrancec of recnrd.
<br /> THIS SECURITY INSTRUMBNT combines uniform cavcnunts far nuttonul usc u�zd numuniform covcnunts with Nmitetii
<br /> variutions by jurls;diction to cunstitute u uniFann hccuriry instrumcnt covering reul pruperty.
<br /> UNIFORM COVENANTS.Bonuwer a►x1 Lender covenant und ngrec a.9 follows:
<br /> 1. Payment ot Princlpnl and Interest; Prepoym�nt And I.�te Chs�rge.s. Barm��cr sball promptly puy when due the
<br /> principal of and interest on the debt cvidenced by thc Note and any prcpuyment and latc chargcs duc undcr the Notc.
<br /> 2. Fi�nd9 for T�xes and Insuntnce.Subject ta applicablc law ar to a written wuivcr by Lendcr, Burrnwcr vhall pay to
<br /> Lendcr on the day manthly payment�are due under thc Note.unttl thc Note is paid in full.a sum(�FURdS")far:(u)yearly taxcs
<br /> and assessments which may anuin priority over this Secur[ty Instrumcnt�s u Uen on thc Property;(b)ycarly lcasehold paymcnts
<br /> ar ground rents on the PropeRy,if uny;(c)yearly hauud or property insurance premiums:(d)yearly flood insunincc premimtis,
<br /> if any; {e)yearly mortgage insurance premiums, If uny; and (� any sums payable by Borrower tu Le�xler, in accordance with
<br /> the pj•�vlsions of pa��agraph S. iu lieu of the payi�xne of nwrtgage insurunce premiums.These items nre culled"Gscrow Itcros."
<br /> L.endar may, at any time, collect and hotd Funds in an amount not to exceed the muximum umount a lender for a federolly
<br /> relzted mortguge loam m�y require for Bottower's escrow account under the fedensl Re:il Estate Settlement Procodures Act of
<br /> 1974 as amendod from timc to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unlcts another law that applles to the Funds
<br /> sets a Icsser amount. If so, Lender may, at any time, collect and hald Funds in an:unaunt not to exceal the lesser urnount.
<br /> I.endcr may estimate the amount of Funds due on the basis of current datu and masonablc estimates of expenditures of future
<br /> Escrow items ar otherwlse in accordnnce with npplicable law.
<br /> The Funds shall be hcld in an institution whosc depostGs are insured by a federal agency, instrumentallty. or entity
<br /> (includi�g Lender,if Lender is such en institution)or in uny Foderal Hame Loan Bank.Lender shall apply the Funds to pay the
<br /> Escrow Items.Lender may not charge Bonower for holding and applying the Funds,annually analyzing the cscrow account, or
<br /> verifying the Escrow Items,unless l.cnder pays Horrower intcrest on the Funds and Applicable law permits L.ender ta make such
<br /> a chargc. Ha:�cvcr.S.:.sdt;r may r:.�u9r Barrow:.r ia pa�a ans-tim:,charg�far an indrp:.a3c�st r�csiats sa;.rzFoKing �cr:�ice
<br /> used by Lender in connection with this loan. unless applicable law provides othenvisc. Unless an agrcement is made or
<br /> applicable law c�equires interest to be pald,Lender shall not be required to pay Borrower any interest or eamings on the Funds.
<br /> Borrower and Lender may agree in writing, however,that interest shall be paid on the Funds.Lendcr shaU give to Aorrower.
<br /> without charge, an annual accounting oF the Funds, showing credits and debits tu the Funds and the purpose for whl�h each
<br /> debit to the Funds was made.The Funds are pledged as udditional security for all sums se�:ured by this Security Insuument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law. i.ender shall account to&srrower
<br /> for the excess Funds in accorciance with the reyuirements of applicable law. If the amount of the Funds held by L.ender at any
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such case Borrower
<br /> shall pay to Lender the umount nc:cessary to make up the deficiency. Iiorrower shall maka up the deficlency in no mon tt�an
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of all sums securad by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by l.ender.If,under paragraph 21.Lender shalllcquire or sell the Property.[.ender,prlor to the acquisition or sale
<br /> of the Property. shail apply any Funds held by I.end�r at the ame of acquisition or sale�s a cralit aguinst the sums securod by
<br /> this Security Instrument.
<br /> 3.Application of Paymen4s.Unless applicable law provides otherwise,ull payments received by I..ender under paragrophs
<br /> 1 and 2 shall be appiied: first.to any prepayment charges due under the Ivote; second,to amounts payable under paragraph 2:
<br /> third,to interest duc:fourth,to principal duc:and last,to any late charges duc undcr the Notc.
<br /> 4.Ctwrges;Lienv. Borrower shali pay ull wxes,ussessments,charges. fines and impositions attributable to the Pr�operty
<br /> which may atutin prinrity over this Securlry Instcument, and leasehold payments or�ound rents. if nny. Borrower shall pay
<br /> these obligations in the m:umer provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time diroctly
<br /> to the person owed payment.Bonower shall promptly fi�rnish to Lender alt notices of amounts to be paid under this paragreph.
<br /> If Borrower makes these payments directly,Borrower shall prompNy furr�fsh to Lender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Secudty Instrument untess Borrower:(a)agras in
<br /> � writing to the payment of the obligatIon secured by the lien in u manner acceptable to Lcndcr; (b)contests in good faith the lien
<br /> ` by. or defends against enforcement of the lien in, legal praceedings which in the I.ender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)sccures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. If Lcnder determines that any part �f the Property is subject to a lien which may attain priority over
<br /> this Securiry Instrument. Lender may give Borrower a notice identifying the lien.Borrower shall sutisfy the licn or take une or
<br /> more of the actions sct forth above within 10 days of thc giving of notice.
<br /> Form 3028 8l90
<br /> Pp�3 of 8
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