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<br /> TUCiETH�R WITH all the improvements now ar hereaftet erected on the property,and all easeme��ts,:.ippurtenances,and
<br /> fixtures naw ar hercafter a part af' the property. All replacements and edditions shall ulso be c,►vcrcd by this Sccurity
<br /> :nstrument. All of the foregoing Is referred to in this Secur�ty Instrument as the "Property." �
<br /> BORROWER COVENAIYTS that Borrawcr is luwfully seiscd of the estate hereby conveyed and hu.ti the right to grant and
<br /> convey the Property and that the Property is unencumhered. except for encumbrances of record. Borrower warrants and will
<br /> defend genernlly the title to the Praperry agalnst ull ciuims and demands. subjcct to any encumbrances of raord. j
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenents with limited �
<br /> variations by Jur�sdiction to constitute a uniform security instrument covering real property. �
<br /> UNIFORM COVENANTS.Borrower and L.ender covenunt and agrec as fallows: �
<br /> 1. Payment o!Pr[ncipal and Interest; Prepayment und Late Charges. Borrower shall pramptly pay when due thc �
<br /> pr'�cipal of and ir2erest on the debt evidenced by the Note and any prepayment and late charges due under the Note. �
<br /> 2. Funds for Taxes and Insuraace. Subject to appl{cable law or to a written waiver by L.ender. Borrower shall pay to i
<br /> Lender on the day monthly payments are due under the Note. until the Note is paid In full,a sum("Funds")for:(a)yearly tanes !
<br /> and assessments which may attain priority over this Security Instrument as a licn on thc Property;(b)yearly leasehold payments i
<br /> or ground rents on the Property,if any;(c)yearly hazard or property insurance premiums;(d)ycarly flood insurence premlums.
<br /> if any; (e)yearly mortgase insurance premiums. if uny; and (�any sums payable by Borrower to I.ender, in acc:ordance with �
<br /> the provisions of par�grn�+h R, in lieu nf the�ayment of mnrt�age irisorance premiums. Th�e items are cAlleci'�.scrow Items." i
<br /> Lender may, at a�iy t[me. rnllect and hold Funds in an amount not to exceed the maxlmum amount a lendcr for a federally !
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlemcnt Procedures Act of
<br /> 1974 as umended from time to tiine, 12 U.S.C. Section 2.601 et seq.(^RESPA"),unless unathcr law that applies to the Funds
<br /> sets a lesser amount. If so,Lender muy. at any time, collect and hold Funds in an antount not to exceed the lesser amount.
<br /> L,ender may estimate the amount of Funds due on thc basis of current du[u and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordunce with applicable law.
<br /> The Funds shall be held in an Institution whose deposits are insured by a fcderal agency. instcumentaliry, or entity
<br /> (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank.I.ender shall npply the Funds to pay the
<br /> Escrovi Items. L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow accaunt,or
<br /> verifyIng the Escraw Items,unless Lender pays Borrower interest on the Funds and applicable law pelmits Lender to make such
<br /> a charee. However. I.ender may require Borrower to pay a one•time charee for an independent real estate ta�c nnorting service
<br /> used by Lender in connecdon wtth this loan. unless applicable law provides otherwise. Unless an agreement is made or
<br /> applicab(e law requires interest to bs paid.Lender shall t�ot be require�l to pay Borrower any interest or eamings on the Funds.
<br /> Borrower and L.endcr may agree in writing, however,that interest shall be paid on the Funds. Lender sBtll give to Borrower.
<br /> without churge. an unnual accounting of the Funds, showing credits and debtts to the Funds and the purposc for which each
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lender exceed the amounu permitted to be held 6y applicable law,L.ender shall uccount to Borcower
<br /> for the excess Funds in acwrdance with the requirements of applicable law.If the amount of the Funds held by Lender at any
<br /> time is not sufFcient to puy the Escro�v Items when due. Lender may so notify Borrower in writing, aid, in such case Borrower
<br /> shall pay to Lender the amount necessery to make up the deficiency.Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments. ut Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Securiry Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by I.ende*.If, under paragraph 21,L.endcr shall acquire or sell the Property,L.ender.prior to the xquisition or sale
<br /> of the Property, shall apply any Funds held by Lender at the time af acquisition or sale as a credit against ttae aums securrd by •
<br /> this Security Instcument.
<br /> 3.Applieation of Payments.Unless applicable law provides otherwise,all payments c�eceived by Le�nder under paragraphs
<br /> 1 and 2 shall be applied: fint. to any prepayment cUarges due under the Note: second,ta amounts payable under paragraph 2;
<br /> third,to interest due;fourth,to princtpal due;and last,to nny late charges due under the Note.
<br /> 4.Charges; Li2nv. Borrower shall pay a(l taxes,ussessments,charges,flnes and impositIons attributablc to the Property
<br /> which may attain priadty over this Sccurity Instrumeni. and leasehold p�yrr�ents or ground rents. if any, Borrower shall pay
<br /> these obligations in the mamier provided in paragraph 2.or if not paid i n that manner,Borrower shall pay tPiem on time directly
<br /> to the person owed payment.Borrower shall promptly furnish to I.ender all notices of amounts to be paid under this paragraph.
<br /> If Borrower makes these payments directly.Bomower shall promptly furnlsh to Lender receipts evidencing the payments.
<br />. Barrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)contests in good faith the lien
<br /> by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operute to prevettt the
<br /> enforcement of the lien;or(c) secure.s fram the holder of the lien an asreement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over
<br /> this Security Instrument, L.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of no[ice.
<br /> , Form 3028 9190
<br /> Popo 2 of 6
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