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<br /> }' TOGEiTHER WITH nll thc improvcments now or hercuftcr crected on the property,nnd a11 ca+cmcnt�,uppurt�nunccti, and
<br /> fixtures now or hemaftcr n part c�f the pruperty. All replucements und udditi�ns shull ulso he covered by this Security
<br />- �' Instrument. All of thc foregoing is n(crred to in this Sccurity instrumcnt uti the "{'roperry."
<br /> .,...,
<br /> ..n RORRUWFR COVENANTS thnt �orrrnver is Inwfully>�cised of the estute hereby convcycd und has the right to���nnt nnd
<br /> �-:����� °� convcy thn Property and thut thc Property is unencumbered, cxrcpt for encumhrunccti ��f rrcurd. l3urruwcr w:►rrants and �+�il
<br /> dcfcnd gcncrully thc tiUc to thc Propcny uguinst ull claims und demunds, subject to any cncumbranccs cif rcrorJ.
<br />:'�,� � �, THIS SECUItITY INSTRUMENT combincs unifonn covcnants for nationul usc and non-uniform covcnunts with limitcd
<br /> variations by jurisdiction to constitutc a uniform sccurity instrumcnt covering�cal property.
<br /> . � � UNIFORM COVENANTS. Borrowcr and L.endcr covenanc and ugree as follows:
<br /> 1. Ps�yment of Principal and Interest; Prepayment and I.Ate Char�,es. Borro�vcr shall promptly pay when due thc
<br />- . principal of and interest on the debt evidcnced by thc Note und a��y prcpayment unJ lute charges duc undcr thc Notc.
<br /> • ' � 2.Funds for Tax�.�s and Insurance. Subject to applicable law or to u written wnivcr by Letider, Borrowcr shall pay to
<br />''. I.cndcr on thc day monthly payments are due under thc Notc, until the Note is paid in full,a sum("Funds")for: (a)ycurly taxes
<br /> , and assessmenis which may attuin�riority over this 5ecuriry Instrument as a lien on the Property; (b) yearly Ieasehold payments
<br /> or ground rents on the Property,if any; (c)yearly hacurd or property insurance premiums;(d)yearly Flood insurance premiums,
<br /> ' ' if uny;(c) ywdy mortgage insurunce prcmiums, if any;and (f� any sums payable by Borrower to L.ender, in acwrdance with
<br /> the provisions of purngruph 8, in lien of thc payment of mongage insurance premiums. These items are called "lEscrow Items."
<br /> L.ender muy, at any time, collcce und hold Funds in an amaunt not to exceed the maximum amount a lender for u fecleraUy
<br /> relnted mortgage loan may require fnr Aorroaer's escrow account under the federal Real Estate Settlement Procedures Act of
<br />- 1974 as amendeci from timc to time,12 U.S.C. Section 2601 e�sey. ("RESPA"), unless another law that applies to the Funds
<br /> _ • �•? sets u Icsser amount. If so, L.cndcr may,ut any time, collect and hold Funds in an amount nat to exceed thc lesser umuunt.
<br /> Lender may estimatc thc amc�unt of Funds duc on thc basis of current data and rensonable estimutes of expcnditures of future
<br /> " Escrow Itcros or othcrwise in accordancc with applicublc luw.
<br /> The Funds shall be held in an institution whose deposits arc insureci by a federul u�ency, instrumentulity, or entiry
<br />. �, (including Lendcr,if C.ender is such an iustitution)ar in any Federal Homc Loan Bank. L.ender shull apply the Funds to pay the
<br /> Escro�v Items.Lender may not charge Borrower for holding and upplying the Funds,annually unulyzing the escrow account,or
<br />" verifying thc Escrow Items, unless Lendcr pays Borrower interest on the Funds and applicable law per[nits I.cnder to make such
<br /> _ ,. ���;�ro�. ��w�v�r.I rnd�r may rcauire enrrowcr to pay a one-time chargc for an independent real estate tux reporting service
<br /> � � uscd by Lcndcr in connection with this loan, unlcss applicable la�v provides otherwise. Unless an agrcement is made or
<br /> t� • ' upplicable law requirc�interest to be paid, Lender shall not bc requireci to puy Borrower uny interest or eurnings on the Funds.
<br /> • •• � " Borrowcr and Lendcr mny agrcc in�vriting, howevcr, that intcrest shaU be puid on the Funds. Lcnder shall give to Borrower,
<br /> ,,.,•.' without charge, an annual accounting of the Fw�ds, showing crcdits and debits te� the Funds und the purposc for which each
<br />� debit to the Funds was made. Thc Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> • � If the Punds held by Lender exceed the amowus permitted to be held by applicable law,l.ender shall account to Borro�ver
<br />�' � for the excess Funds in accordunce with ihe requirements of applicable luw. If thc amount of the Funds held by Lender at any
<br /> ' time is not sufficient to pay thc Escrow Items when due,Lender may so notify Borrower in�vriting, und, in such case Borrower
<br /> � shall pay to Lcndcr thc amount ncccssary to makc up thc dcfiriency. Horrower shall makc up the deficiency in no tnare than
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<br />�� ,,.'..- twclvc monthly payments,at Lcnder's solc discrction.
<br />"'''�'``�'�'�`°` U on a mcnt in full of all sums sccurcci by this Sccuriry Instrument, Lendcr shull promptly refund to Borrowcr any
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<br /> � �+�,+"'�� • Funds held by Lcndcr. If,under paragraph 21, Lcndcr shall acquire or scll the Property,Lender,prior to thc acyuisitiun or sale
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<br />:; ��,�.- �.,_.�'. � of thc Propeny, shaU apply any �unds hcld by Lcnder ut thc time of acquisition or salc as a credit a�ainst thc sums sccured by
<br /> this Sccurity lnstrument.
<br />- �� 3.Appllcntion of Payments.Unless applicablc la�v provides otherwise, ull payments reccivecf by Lender undcr parasraphs
<br />- `''. 1 and 2 shall bc applicd: first,to any prcpaymcnt charges Jue undcr the Notc; second, to umounts payable under paragraph 2;
<br />� - • � third,to intcrest duc; tbwth, to principal duc:and last,to uny late char�es due under thc Notc.
<br />- ,.,� 4.Chat�es; Giens. Borrowcr sl�all pay all taxcs,asscssments,chargcs, fines and im�sitions attributable to the Property
<br />��+'�'��.•�_� ,' whicli m:iy uttain priority over this Security Instrument, and Ir.tsehold payments nr ground rents, if any. Borrower shall pay
<br /> these obligations in thc manncr providc:d in parugraph 2,or if not paid in that manner. Borrower shall pay them on timc directly
<br />-• p tu the person owed puymcnt. Borro�vcr shull promptly furnist�to Lender all notices of amounts tu bc paid under this para�raph.
<br /> - � If Borrower mahes these payments directly, Borrower shall promptly fuimish to L.ender receipts evidencing the payments.
<br /> Borro���cr shall promptly dischargc any licn which has priurity ovcr this Sccuriry Instrumcnt unlcss Burrowcr.(a)agrccs in
<br /> � writing to the payment of the obligation sccurcd by thc lien in a munner acccptable;to I.ender; (b)contests in good faith the lien
<br /> �" by, or dcfends against cnforcem�nt c�f the licn in. Irg�il pmccedings which in the Lender's opinion operate to prevent the
<br /> enforcement of the licn:or (r)tiecures Go�n thc holder of the licn an ugreement satisfactory to Lender subordinating the lien to
<br /> this Sccurity Instrument. If Lcndcrdrtemiincs that any part of thc Pruperty is subject to a lien which tnay aUuin priority over
<br /> this Scrurity Insu•umcnt. LcnJcr niay givc Borrowcr a noticr idcntifying thc licn. Borrc�wcr sh.tll sutisfy thc licn or takc onc or
<br /> mocc of thc actiony yrt forth ubuvc«�ithin 1 U Jay�of thc giving uf rotirc.
<br /> Form 3028 9f90
<br /> F�UO 7 of a
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