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<br /> TO(3�TN�R W1TH all tho Impmvementr now or here�fter erected on the prnperty.and ull�temc�s,�i p6Ke nces.and
<br /> fixture� �x�w nr here+fler a I�n of ehe pmperty. All repl�ctmenn and addiiiona shall alea be cavercd by t is Security
<br /> Inxinm�ent. Ai0 of the furo�olnK IA rrfrrmi t��in thin Sn.urity InFtrument aa the"PrUpeRy."
<br /> yORF(bVNFiR C.'QVE?NANT�1 Ih�t lk�tmv�e�iw INwfully�ixa1 of Ihe estalc hctteby r,onveycci and has the ri�ht ta grant and
<br /> cc►nvey the PrnExrty and thu tiu i'roperry is wKix:umixred, cxcept for encumbrance� of rccord. Batrawcr warruntc und will
<br /> defen�l Yener�lly the tftle to ihe Prc�peAy N�ulnst all clrlmx wnd demwwndx. aubject t�any cncumbraiKCS nf record.
<br /> TNI5 S�'CURITY INSTRUM�NT cumbi�xn unifnnn c��vens�nte f'ar nutlanul use uixi nmi-unifann cavenunts with iimit�
<br /> variwUnne by Jurl�ficUc►n ai rnn�+titute a unff�rm necuriry in+trument rnvering rcal pmperty.
<br /> UNIPORM CGV�NANTS,Rnrrmvcr nnd Lencicr cove+�ant nnct agrco uF follnws:
<br /> 1. P�ymeM ot Princlpal�nd Interati Prep�yment �nd I.�te Clu�q{a. Borrower shall pramptly pay when due the
<br /> principal of And interest on the debt evidenced by the Nc►te and uny prcpayment and late charges duc under the Note.
<br /> 2. FundR [or T�xas�nd Insurfince. SubJoct ta eppUcable law or to a written waivcr by L.ender. Borrower Rhall pay to
<br /> L,ender on ti�o day nwnthly paymente erc due under the Noto,until the Nate is paid in full,a sum("Funds") for: (a)ycarly texea
<br /> and asseasmentR which may attain prtority over this Security Instrument as a Nen on the Property;(b)yeatly Irasehold paymcnts
<br /> or gmund rcnts on the Property,if any;(c)yenrly hazard or property lnsurence preniiums;(d)yearly flaod insurance premiums,
<br /> if any; (e)yu►rly mortgage insurance premlums. if any; and(�any sums payable by 8arrower to I.ender. in accordance wIth
<br /> the provisions af paragrnph R, in liou of the paymcnt of mortgage insurunce prcmlums. These ttems are celled"Bscrow Items."
<br /> Lender may, et any dme. collect end hold Funds in an amount not to excad the maximum amount a lender for a foderally
<br /> relatod mortgaga loan may require for Horrower's escmw account under the federal Real Estate Setdement Procedures Act of
<br /> 1974 ns a►nended from tima to time, 12 U.S.C. Scction 2601 et seq.("R�SPA"),unless unother law that applies to the Funds
<br /> sets a lesser amount. if so,I.endc;r may, at any time, collect and hold Funds in an amount not ro excced the lessar amovat.
<br /> Lender may estimate the amount of Fwxls JuC un We basiF of current data and reasanabic cstimatcs of exponditurcs uf future
<br /> Escrow Items or othenvise in accocdance with applicable law.
<br /> Ttie Funds shall be held in an insNtution whose deposits an insurod by a federal agency. instcumentallty, or cntlry
<br /> (including Lender,if Lender la such an 9nstitution)or in any Foderal Hume Loan Bank. Lender shall apply the Funds to pay the
<br /> Escrow Items. Lender may not chf►rge Borrower for holding and applying the Funda,annually analyzing tht escrow nccount.or
<br /> verifying the Fscrow Iteme,unless Lender pays Borrawer interest on the Funds and applicable law permits Lender to make such
<br /> a cl�arge. However. Lender may require Borrower to pay a one-ttme charge for an independent real estate tax r�porting service
<br /> used by Le.nder in conrkxtion with ttus loan, uniess upplicable law provIdes otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid,Lender shal!not be requirai to pay Borrower any irnaest or earnings on the Funds.
<br /> gorrowor and Lender may agra in writing, however,that jnterest shall be paid on the Funds. L.ender shall give to Borrower.
<br /> without chsrge, nn annual accounting of the Funds. ahowing credits and deb[ts to the Funds and the purposs for which eac:h
<br /> def+i[co che Funds was�;�.The I'unds ar�tedg:;tt as addiiicna!occurit}t'ar a!!sum�sx�sred b�shis Sscurit;IsL�+!tt�nc.
<br /> If the Funds held by Lender exceed the amouats permitted to be held by applicable law.Lender shall account to Aorrower
<br /> for thc eacess Funds in acoordance with the requiremcnts of applicablc law. If thc aawunt of the Funds held by L.ender at any
<br /> time is not suf6cient t�pay the Escrow Items when due,I.ender may sc�notify Borrower!n writing, and,in such case Borrower
<br /> slull pay to i..ender the amount ne�cessary to make up the deficiency. Borrower shall melce up the deficiency in no more than
<br /> twelve monthly paym►,nts,at I.eaider's sole discntion.
<br /> Upon peyment in full�f�11 sums sxured by this Security lnsttument, I.cnder shall promptly nfund to Borrower any
<br /> Furda hetd by Lender.If,under par�graph 2!,Lender shall ecquire or sell the Propetty,Lender,prior to the acquisition or uale
<br /> af the Property�shall apply any Funds held by I.ender at the�ime of acquisition or sa1C a�a crodit against tl�e Kums secured by
<br /> thls Security Instturnent.
<br /> 3.Applic�tion o[Paynienta•Unless appliceble law provides othnrwise�ell paymente roalved by I.ender under paragrAp}u
<br /> 1 �nd 2 sfnall be ejsptiod: fint,w any prq�yment charges dut unda the Note; second.to amounts ptyable under para�raph 2:
<br /> third,to interest due;fourth,to pr3nclpal due;and last,to any late chuges due under the Nou. .
<br /> 4.C6�r�a; I.ien�. Bore'ow�r shall pxy all taxes,assessments,charges,fines anci impositions attribut9ble to the Froperty
<br /> which may actain priority over this Securiry Instrument, end la�sehold payments or ground c+ents. if any. Borrower stull pRy
<br /> tl�ae obligations in the mAnner provided in paragraph 2,or if not p�id in that manner, Borrower shall pay them on time diroctly
<br /> w the pecson owod p�yment. Borrower shsll promptly fumish to Lender ell noticos of amounts to be paid under this pangn�ph.
<br /> If Borrower makes tt�payments directly.Borrower shall prompdy fumish to L.ender reaipts evldencing the payments.
<br /> Borrower shalt prornpdy discharge any litn which has priority over this Security Instcumrnt unless Borrower:(a)agnes in
<br /> writing ro the paymenc of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good fuith the lien
<br /> by, or defendx against enforcement of the lien in, legal prc�oeedings which in the Lender's opinion operate to pnwtat the
<br /> enfor�nt of the lien; or(c)secur�s from the holder of the lten an ngreement satlsfactory to Lender subordinadng the lien ta
<br /> this Security Instcurnent. If L.ender determines that any part of the Property is subJxt to a lien which may ettaln priority over
<br /> this Security Inswment. I.ender may give Borrower a notia identifying the lien.Bonower shall satisfy the lten or take one or
<br /> moro of the ections set forth ahove within 10 days of the giving of notice.
<br /> Form 3026 !!YO
<br /> Pap�2 of 0
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