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<br /> . q LOAN NO. 9769567 �7'� 11.�'�� �::�,
<br /> '� � TO(3ETFIER v✓ITH ull che improvements now on c�rcaftcr crected on thc property, and ull cascmencc, '';�'
<br /> . �. appurtenances, and fixtures now on c�rcaftcr a part af the property; All rcplacements and additions shall also bc ,:;
<br />. ' � covered b�+this ER COVENANTS�thnt1Borrowcrela�lawfullyf seizcd of thc e tatcThlieby c nveyed�and has the right to _,;�,t,`
<br /> BORROW
<br /> �' grant and convcy the Property and that the Property is unencumbered,except for encumbrances of record. Borrawer P �
<br /> F..: -
<br /> warrants and will defend generally the tiile to the Propeny against all claims and demands, subjec< <o Rr�y F
<br /> - �`'"� encumbrances of record. �M
<br /> - �„� ' THlS SECURITY 1NSTRUMENT combines uniform covenants for national use an�d n�o�uniform covenants with �_.
<br /> ,����, limited variacions by jurisdiction to constitute a uniform security instrument covering real ro n =
<br /> UNIFORM COVENANTS.Bonower and Lender coveuant and agree as follows: �,vhcn duc
<br /> � . � 1.Payment of Princlpal and I�terest; Prepayment and Late Charges. Borrower shall prompdy pay
<br /> t the principal of and interest on the debt evidcnced by th�Note and any prepayment and late charges due under the
<br /> Note.
<br /> 2.Fund�for Taxes end Insurance. Subject to applicable law or to a wdtten waiver by L,ender,Borrower sha pay
<br /> to L,endcr on the day monthly payments are duc under the Note,until the Notc is paid in full,a sum("Funds")for: (a)
<br /> "'• yearly taxea and assessments which may attain pdority over this Security Instrument as a lien on the Propeny; (b)
<br /> yearly leasehold payments or ground rents on the Propeny,tf any; (c)yearly hazard or property insurance premiums;
<br /> �.� earl flood insurance remiums,if an ; (c)yearly mortgage insurance premiums,if any;and(� any sums payable
<br /> (d)Y Y P Y
<br /> �F by Borrower to I.ender,in accordance with the provisions of paragraph 8, in lieu of the payment of mortgage insurance
<br /> premiums.These items are called"Escrow Items."I.ender may,at any time,collect and hold Funds in an amount not co
<br /> �� exceed the maximum amount a lender for a federally related mortgagc loan may require for Bonower's escrow
<br /> :y account under the federal Real Estate Settlement Procedures Ac[of 1974 as amended from time to time, l2 U.S.C.
<br /> � r- Section 2601 et seq. ("RESPA"), wiless another law that applies to thc Funds sets a lesser amount. If so,L.ender may,
<br /> at any time,collect and hold Funds in an amount not to exceed the lesser amount.Lender may estimate the amount of
<br /> � Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise
<br /> in accordance with applicable law.
<br /> rhe Funds shall be held in an inst�tution whose deposits aze insured by a federal agency,instrumentallty, or cntity
<br /> ` (iucluding I.ender,if Lender is such an institution)ar in any Federal Home Loan Bank. 1.ender shall apply the Funds to
<br /> pay the Escrow Items. I.ender may not chazge Borrower for holding and applying the Funds, annually analyzing the
<br /> � escrow account,or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law
<br /> +� , permits Lender to make such a charge• However, Lender may requlre Bonower to pay a one-time charge for an
<br /> - --- indzper.dsn: real esrate �ax reporting service used by l.ender in wnnec�ion with this loan, unless applicable law
<br /> provides otherwise. Unless an agreement is made or appltcabte iaw requirc� i�uerest ta bc paid, Ler.de*shall n�r he
<br /> required to pay Borrower any interest or earnings on the Funds. Bonower and Lender may agree in wdting, however,
<br /> that interes[shall be pald on the Funds. Le:nder shall give to Borrower.wlthout charge, an annual accounting of the
<br /> Funds, showing credits and debits to che Funds and the purpose for which each debit to the Funds was made.The
<br /> Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> If the Funds held by L.ender exceed the amounts permitted to be held by upplicable law, Lender shall account to
<br /> Bonower for the excess Funds in accordance with the requirements of applicable law.If the amount of tho Funds held
<br /> � by Lender at any time is not suffictent to pay the Escrow Items when due, L.ender may so notify Bonower in writing,
<br /> ' � and,in such case Bonower shall pay to L.ender the amount necessary to make up the deftctency. Bonower shall make
<br />� _ up the deficiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of all suins secured by this Security Instrumcnt, l.ender shall prompdy refund to Borrower
<br /> , any Funds held by Lender. If, under paragraph 21, L.ender shall acquire or sell the Pruperty, I.ender, prior to the
<br /> � acquisttion or sale of the Property,shall apply any Funds held by Lender at the time of acquisitlon or sale as a ccedit
<br />_� �. . . against the sums secured by this Security Instrument.
<br /> =ti . 3. Applicntion of Payments. Unless appl{cable 1aw provides othenvise, all payments received by Lender under
<br />_ __ paragraphs 1 and Z shall be appited: first, to any prepayment chazges due under the Note; second, to amounts
<br />= payable under paragraph 2;third,to interest due; fourth,to principal due;and last,co any late charges due under the
<br /> �� Note,
<br /> 4. Charges;Llens. Borrower shall pay all taxes, assessments,charges,fines and impositions attributable to the
<br /> � .. .� Property which may attain priority over this Secur{ty Instrument, and leasehold payments or sround rents, tf any.
<br /> �. Borrow�r shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower
<br /> shall pay them on time directly to the person owed payment.Bonower shall promptly furnlsh co I.ender all notices of
<br /> � � amounts to be paid undcr this paragraph.If Borrower makes these payments directly, Borrower shall promptly furnish
<br /> � to I.ender receipts evidencing the payments.
<br /> � _
<br /> Form 3028 9190 =
<br /> - * . I4er 2�(7 Inituky^� —.
<br /> ELFfiR(NE)�v�in.o� �/ �J
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