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<br /> . ° TOGETH�R WITH all the improvcmcnts now on c�rcaftcr crecteci on thc property, und all cus�cmcnts,uppurtcnunces, �md
<br />- , fixtures now on c�rcaRcr a purt of thc property. All rcplucements and udditions shull also bc c��vcrcd by thix Sccurity
<br /> � �. Instrumcnt.All of the foregoing is referred to in this Sccuriry Instrumcnt us thc "Arnperty."
<br /> ._s BORROWER COVENANTS thnt R��rrrnver is lawfully sci�eci uf thc cs�atc hereby cunveyc�l mid has the right to grunt�md
<br /> canvey the Property und that the Aroperty is unencumbered, except for encumbri�nces of rerord. Rc�rrower wi►rrunts and will
<br /> . ., ,:'�''� defend generully the tiNe ta the Pmperty ngainst ull cluims nnd demunds, suhjcct to ciny encumbranccs of rerord.
<br />' � V THIS SECURITY INSTRUMENT combincti uniform covcnunts fc�r nutiunul usc und nc�n-unif'orm c�venants with Nmitcd
<br /> variations by jurisdiction to constitutc u uniform sccurity inxtrumcnt covcring r�ul property.
<br /> �. � ` UNIFORM COVENANTS. Borrowcr und Lendcr covenant and ugrcc ais follows:
<br /> � ; l. Payment of Pr(ncipal und Inter�t; Prepayment und l.utc Chur�as. I3urrowcr shuli promptly puy whcn duc thc
<br /> ' principal of and interest on the debt evidenced by the Note and any prepuyment und latc charges due undcr thc Notc.
<br /> � }� 2. Funds for Tuxes und Insurance. Suhject to npplicablc lu�v or to u written waiver by Lcnder, Borrower shall pny to
<br /> , ��
<br /> ��; L.cnder on thc day rnonthly pnyments arc due undcr thc N�tc,until thc fVote is puid in full, a sum("Funds")f o r: (a)y c a r l y taxes
<br /> x' an d assessments which may attain priority aver this Security Instrument us u lien on the Property; (b)yeurly Ieasehold payments
<br /> � or ground rents on the Property, if nny; (c)ycarly liuzard or property insurance prcmimns; (d)ycarly flacxi insurance premiums,
<br /> if any; (e) ycarly mortgage insurance premiums, if any; anJ(� any sums payuble by Barrower to L.ender, in accordance with
<br /> the provisions of paragraph 8,in lieu uf the payment of mortgage insurunce premiums.These items ure called "Escrow Items."
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a Icnder for a federally
<br /> � relntr:d mortgage lo;ui may rtquire for Borrower's escrow uccount under the federal Rcal Estate Settlement Procedures Act of
<br /> � , 1974 as amendecl from time to time, l2 U.S.C.Section 2601 et sey. ("RESPA"), unless another law that applies to the Fw�ds
<br /> � ^ . sets a lesser amount. If so, Lender may,at any time, collect and hold Funds in an amount not to exeeeci the lesser umount.
<br /> : v Lender may estimate thc amount of Funds due on the basis of current data und reasonable cstimates of expendiwres of future
<br /> Escrow Itcros orothcrwisc in accordance�.vith applicablc law.
<br /> , The Funds shall bc lield in an institutinn whose deposits arc insured by a federal agency, instrumentulity, or entity
<br /> . • (including I.ender, if L.ender is such an institution)or in any Federal Home L.c�an Bank.Lender shall apply the Funds to pay the
<br /> � Esc�nw Items. L.ender may not churgc Borrowcr for holding and applying thc Funds, annually anulyzing thc cscrow Account, or
<br /> verifying the Escrow Items, unless Lender puys Borrower interest on the Funds and applicublc la�v permits L,ender to make such
<br /> ,?__ a charre. Hnw�v�s, L�n���n;�� T���;�„ ��,rr.;�;c, tu pay u one-cime cnarge tor un independent reul estate tax reporting service
<br /> used by Lender in connection with this lo:�n, unless applicable law providcs othenvise. Unlcss un agreemcnt is made ar
<br /> , applicable law requires intcrest to bc paid,Lr.nder shap not be require:d to pay Aormwer any interest or eurnings on thc Funds.
<br /> � Borrowcr and Lcnder may agrcc in writing, hrnvever, that intcrest shall bc paiJ ou the Funds. I.cnder shnll givc to Borrower,
<br />_?•>•- without charge. an annual nccounting of the Funds, showing cr.:dits and debits to the Funds and the purpose for which each
<br />�' . � debit to the Funds was made. 1'he Funds are pledged as additional security for all sums sccured by this Security Instrument.
<br /> , • If the Funds held by Lender exceed the amounts permiued to b�held by applicublc law,Lcnder shnll account to Bo-rower
<br />- for the excess Funds in uccordanee with tl�e reyuirements of applicable law. If tlic amount of the Funds held by Lender at any
<br /> � ' �`� timc is not suf�cicnt to pay thc Escrow Itcros whcn duc, I.cndcr may sn notify Borrowcr in writing, and, in sur.h caec Barrowcr
<br />_ shnll pay to Lender the amuunt necessury to rnakc up the deficiency. Bc�rrower shull make up the deficicncy in no more than
<br /> twelve monthly payntcnts,at Lcnd�r's solediscretion.
<br />_ � ' Upon paymcnt in full of all sums secured by this Security Instrument, Lcndcr shaU pramptly refund to Borrowcr any
<br />_ �' <<�- Funds hcld by Lender.If, under paragruph 21, Lendcr shall ucyuirc or scU thc Yroperty,I.ender,prior ro the acyuisition or sale
<br /> " '��� of the Property, shaU apply any Funds held by Lender Lt the time of'ucyuisition or+ale as a credit ugainst the sums secured by
<br /> ` � "� � this Securiry Instrument. __
<br />_ ' 3.Appllcation oP Pa�yments. Unless appl icable law prrnidcs othcrwisc,ull payments reccived by Lcnder under paragraphs
<br />_ ° I and 2 shall bc applicd: first, to uny prcpaymcnt charges duc undcr thc Note; second, to amounts payablc under paragraph 2;
<br /> -- third,tc�intcrc�t duc: fourth, to principal due; und last, to uny lutc churges duc undcr the Note.
<br /> ` 4. Chnt�es;Liens. Borrower shall pay all laxes, asscssments,rhargcs, tines and impoxitions uttributable to the Property
<br /> t.�_ which may auain priority over this Sccuriry Instrument, und Ieasehold payments or�round rents, if any. Borrower shall pay
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<br /> : .... thcse obligations in thc manncr provided in paragraph 2,or if not paid in that mnnner, Borrowcr shafl pay them on timc directly
<br />_" to the penon owcd payment. Borrowcr sh:tll promptly furnish to I,endrr ull noticcs of amounts to bc paid undcr this paragraph.
<br /> If Borcower makc:s thrsc paymcnts dircctly,Borrower shall promptly furnish to Lcndcr reccipts cvidcncm�the puyments.
<br /> Borrowcr shull prompUy dischargc anp licn which hus priority ovcr this Sccurity Insu•umcnt unless Borrowcr: (a)agrccs in '*
<br />_ writing to the pa��ment af thc obligation xecurcd by thc licn in a manncr arceptablr to Lendcr; (b)comcsts in good fa:th the licn s
<br />- by. or dcf'ends ny,ainst cnfi�rcemcnt uf thc licn in, lebal prcuccding� whirh in thc Lcnder's opinion operatc tci prevent the "
<br /> cnforccmcnt of thc lien;ur(r) sccurcs from thc holdcr crt'thc licn an agrccmcnt satisfartory tci Lrndcr tiubordinating thc licn to
<br /> this Sccurity Instrutnrnt. If L�nJer dctcrntines that uny part of thc Property is subject to a lirn whirh may attain prioriry over
<br />_ this Scrurity In�trumeni, Lcndcr may givc Burrou•cr a notirr idcntifyin� thc licn. H�irr�wcr sh:dl s�ititify thc lien ur takc one ur
<br /> morc of the uctiuns srt li�rth abovc within 10 duy�of thc giving ol'no�icc.
<br /> Farm 3028 9190
<br /> Pofla d ol G
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