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<br /> TOdfiTHER W1TH all ihc improvemcnis naw on c�rcafuer ercctcd on thc propeny,and all cascmcnts, appurtenanc.�s,and ,;�?"'�;'���'�` :_
<br /> flxtures now on c�rcaftcr a part of thc property.All rcplt�ocmcnts and addttions shall ttlso bc covcrcd by this Sccutity Inswmcnt. .,.••:;"';:;:_.',:�='
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<br /> All of thc forcgoing is rcfcrrcd to in this Sccurity Instrumcnt as thc"Propcny." " �''d'`��' •`'=�+"
<br /> BORROWER COVF.NANTS that Borrowcr is lawfully sc;iscd of tha cstatc hcrcby wmcycci and has thc right w grant and ' ��-� i.�
<br /> canvcy the Property and that thc Propeny Is uncncumbcred,cxccpt for cncumbrunces of rccord. Bonower wazrants and will " '"�k�'"' -
<br /> �l defend generally the dde to the!'roperty again�t all claims and demands,subjec:t w wry encumbranc;es of record. �,;:.
<br /> ,,,,,;..�.�► �+ THIS SECURITY INSTRUMBNT combines uniform covcnants for national usc and non-uniform covcnants with limitcd .''�^a`'�'-'�
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<br /> �^� `• varisdons by jurisdict�on t�constitute a uniform securi mswment coverin reAl propeny.
<br /> ry� 8 . �,t�,-_
<br /> UNIFORM COVRNANTS.Bonowcr end I.cndcr covcnant and agrca as follows: '.;_�.��
<br /> 1.PAyment of PrincipAl And Intere.st;Prepayment And LAte Charges. Borrowcr shall prompdy pay when duc the .•.;;:
<br /> � principal of and intcrc.st on the debt cvidenccd by the Note and any prepaymcnt and late chargcs due undcr thc Notc. _ -
<br /> 2.Funds tor Taxes And Insurance. Subject to applicable law or to a wriuen waiver by Lender, Borrower shall pay to
<br /> I.endcr on thc day monlhly paymcnts are due undcr the Notc,untll the Note is paid in fuU,a sum("Funds") for:(a)ycarly taxes -
<br /> - and assessments which may auain prlarity ovcr this Security lnsprument as a lien on thc Property;(b)yearly leasehold payments =
<br /> or ground rents on the Property,if any;(c)yearly hazard or property insurnncc premiums;(d)ycarly flood insurance prcmiums,if -
<br /> • any;(e)yearly mongage insurence premiums,if any;and(�any sums payable by Borrawer to Lender,in accordance with the •--
<br /> � provlsions of paragraph 8, in lieu of tha payment of mortgage insurance premiums. Thesc items arc called "Escrow Items." _,
<br /> Lender may.at any dme,caUect and hold Funds in an amount not to exceed the maximum ert►ount a Iender far a federally related
<br /> r mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlerr�ent Procednres Act of 1974 as �
<br /> � amended from time to dme, 12 IJ.S.C.Secdon 2601 et seq. ("RESPA"),unless another law that applles to the Funds sets a tesser
<br /> '� amount�If so, I.ender may, at any time, collecc and hold Funds in an amounr. not to exceed the lesser emoun� Lender may
<br /> csdmate�he amount of Fands due on the basis of current datu snd reasonable estimatcs of cxpendltures of fuwre Escrow Items or
<br /> othcrwisc in accordancc with applicablc law. •
<br /> ,� 'Ihe Funds shaU bc hcld in an instiwdon whose deposits are insured by a fedcral agenr.y,instrumentaliry,or entity(includinE >
<br /> Lender.if I.ender is such an institution) or in any Federal Home Loan Bank.L.ender shall apply the Funds to pay the Escrow
<br /> Items. Lender may not charge Boaower for holding and applying the Funds,annuelly anelyzing the escrow eccount,or verlfying �
<br /> �� the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law pertnits Lendcr to make such a charge. �,_�
<br /> Howeve�,L.cnder may require Bonower to pay a one-tlme chargc for en independent rcal cstatc tex reForting service used by
<br /> Lcnder in connecHon with¢his loan, unlcss appllcable law prov'sdcs othcrwisc. Unless an agrcemcnt is made or applicablc law —
<br /> r requires intcrest to be paid,Lender shall not be required to pay Aorrower any interest or camings on the Funds. Borrowcr and .�
<br /> �' Lender may sgree in writing,however,that intcrest shell bc paid on tha Funds.Lcnder shall givc to Borrawer,without chargc,an -��-�1�
<br /> ennual accounting of the F�nds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was —
<br /> . , �,�� made.'ILe Funds are pledged as addidonal securiry for all sums sac�rec!by this Security InstrumenG
<br /> � If Uu Funds held by Lender exceed the unounts permittad to be held hy applicable law,Lender shall account to Borrower for
<br /> the exccss Funds in sc�ordance with the requirements of applicable law.If the amount of the Funds held by Lcndcr at uny time is
<br /> not sufficient to pay the Escrow Items when due,Lender may so nodfy Borrower in writing,end,in such case Borrower shall pay °'��
<br /> ,;i to Lender the amount necessary to meke up the deficiency. Borrower shall make up the deficiency in no more t�en twclve ��
<br /> � monthly payments,at Lender's sole discreuon. `��
<br /> �' � Upon payment in full of all sums securcd by this Security Insvument,Lender shell prompdy refund to Borrower any Funds =
<br /> �'• held by Lender.If,under paragraph 21,Lender shall acquire or sell the Propcny,Lcnder,pdor to thc acquisidon or sale of the —
<br /> Yroperty,shaU apply any Funds hcld by Lcnder at the time of acquisidon or salc as a credit aqainst the sums scxured by this �- .
<br /> Security Instrumen� `'
<br /> 3.Applkation of Peyments. Unlcss npplicable law provides otherwise,all payments rcccived by Lender under paragraphs �r`'
<br /> 1 and 2 shall be applied: fust,to any prepayment charges due under the Note; second,to amounts payable under paragraph 2; r
<br /> • third,to interest due;fourth,to principal duc;and last,to any late chargcs due undcr the Note. � �
<br /> 4.Ch�rges;Liens. Borrower shall pay all taxcs, assessment�, chargcs, 6nes and imposidans auributable to the Property �`
<br /> '' which may attain priority over this Securiry Instrument,and Ieasehold payments or ground rents,if any.Borrower shall pay these =•�` �
<br /> � obligations in the manner provided in paragraph 2,or if not paid in that manncr,Boauwcr shall pay thcm on time d'ucctly to thc i'a�_
<br /> - pecson owed pa�menG Hortower shall prompdy fumish to Lcnder all nodccs of amounts to be paid under this paragraph, If `�°--_`-� —
<br /> IIorrower makes these payments d'vecdy,Borrowcr shall prompUy furnish to i.ender receipts evidencing the payments. - — -
<br /> � Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in T�:� ,�:-.;�,_
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<br /> writing w thc paymcnt of ihc obligauon sccured by the licn in a manner acceptablc to Lcnder;(b)contcsts in goai faith thc licn •�,�;� � �1�
<br /> • by, or defends against enforcement of the Iien in, Iegal proceedings which in the Lender's opinion operate to prevent the Y� r�;,:
<br /> cnforcement of the lien;or(c)secures from thc holder of thc lien an agrcement satisfactory to Lender subordinating the tien to - ' ''" ° ��''
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<br /> this Securit Instrumen�If Lcndcr detennincs that any part of thc Pro rt �s sub' t to a licn which ma auain riorit over this "'�"` �`
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<br /> Security[nstrument,Lender may give Borrower a notice idenpfying the li�n.Borrower shall satisfy the lien or take one or more � •��"��-''
<br /> of ihc actiot►s sct forth above within 10 days of the giving of noticc. i
<br /> Form 3028 0��0 ' �
<br /> �-8R(NE)le2�z).oi Pepe 2 oi o inwiu: �
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