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<br />_• ' � � � ' , T(��THER WITH all thc irnprovcmcn�5 now on c�rcuftcr crccicd on thc property,und all casemcn�s,uppurtcnunccs,nnd
<br /> � fixlures now or horcaftcr a part o[thc property.All rcplacemcnGS and addiG�ns shall also bc covcrcd by this Sccuriry Instrumcnt. _
<br />_ All of thc forcgoing!s rcfcrrcd to in this Sccurity ins�rumcnt as thc"Praperty." --
<br /> � BORROWER COVENANT.�, lhnt Bottowcr ls luwtully scised of the cst�te hcrcby convcycct und hus lhc right to grant and
<br /> � �
<br /> convcy thc Property und that thc Propcny iy uncncumbcrcd, cxccpt far cncumbranccs of rccard. Borrowcr wurrun�ti and will
<br /> . � dcfcnd gcncrully lhc titic ta ihc Properry against all clnims und dcmands,subjcct u�any cncumbranccs of rccord,
<br /> � THIS SECURI'fY INSTRUMENT combincs uniform covcnan�5 for national usc and non-unifarm cavcnants with limitcd
<br /> � vuriutions by jurisdicti�n ta constitutc n uniform sccuriry insuumcnt cavcring rcal property.
<br />= ` UNIFORM CQVENANTS.Bnrrowcr und Lendcr covcnant und agrcc uti follows: �
<br /> ,�1:�, 1.Payment oP Principwl and loterest;Prepayment And L,ate ChWrge9. Borrawc� shull' promptly pay whcn duc �hc
<br /> ,. principal of and intcrest on thc dcbt cvidcnccd by lhc Notc nnd uny?rcpayment and latc chnrgas duc undcr thc Notc.
<br /> �" 2.Eunds fur TAxes and Insurwnce. Subjcct to applicablc law or to a writtcn wnivcr by l.cndcr, Borrowcr shall pay tn
<br />� I..cndcr on thc dny monthly paymcnts arc duc undcr thc Notc,until lhc Notc is puid in full,A sum("Funds")for: (a) ycurly wxcs
<br /> and ussessmcnGS which muy attain priority ovcr this Sccurity Insuumcnt as a licn on thc Property;(b) yc:uly Icaschold paymcnts
<br /> .. or ground rents o�z the Property,if any;(c)yearly har.ard or property ir.surance prcmiums;(d)ycarly flood insurancc premiums,if _
<br />_n� •• � any; (c) ycarly mortgagc insurancc prcmiums, if any;and (�nny sums puyablc by Barrowcr to Lcndcr,in accordancc with thc
<br /> � '�• �, � provisions af parngraph 8,in licu of �hc paymcnt of mongagc insur�u►cc premiums. Thcsc items arc callcd "Escrow Itans."
<br />_; � , Lcndcr may,at uny ume,collcct w�d hold Funds in an amount not to cxcccd thc maximam amaunt n lendcr for a fcdcrally rclatcd
<br /> 1:� mortgage loan may require For Borrower's escrow account under the fedeial Iteal Esmte Settlement Proceciures Aat af 1974 as
<br />��� �•� << amcndcd from umc w umc,12 U.S.C.Section 2601 e�seq. ("RESPA"),unless anothcr law that upplics to 1hc Funds scts a lcsscr
<br /> :�� �: umount. If so, Lendcr may,at s�ny timc, collect and hold Funds in an amount not tc excced the lesscr amount. L.cndcr may
<br />_ " asumnte the amount of Funds duc on the ba�is of cunent�iata und reasonable esumates of cxpcnditures of fulure kscrow Items or -
<br /> �s' othcrwisc in accordancc with applicablc law.
<br />~ •° 'Ilie Funds shall bc hcld in an institution whosa deposits arc insurcd by u fedcral agcncy,inswmcntaliiy,or cntity(including
<br />�:.;.� '. Lender, if Lcnder is such en insutuuon) or in any Federal Home Loan Bank. Lcnder shall apply the Funds tn pay the Escrow
<br />- . . Itams.Lender ma,y not charge Borrower for holding und applying the Funds,annually analyiing the escrow account,or verifying
<br /> - ;.t•:ti.� thc Escrow Items, unlcss Lcndcr pays Bonowcr intcrest on�hc Funds and applicablc l�w permits Lcndcr to mekc such a ch�rgc.
<br />��_.,:, ,�' However, Lender may require Borr�wer ta pay a one•time chcuge for en independent real estate tnx reporling service used by
<br />=- . Lendcr in connecuon widi this loan, unless applicable Inw provides otherwise. Unless nn agreement is made or applicable law
<br /> " -.. rcquires intcrest to bc paid,Lcnder shull not bc rcquircd to pay Dorrowcr tu►y interest or camings on thc Funds.Borrc�wcr and
<br /> i�.�'�: � l..i:ndar mny agrec in writing,however,�hat interest shall tx;paid on the Funds.Lendcr shall give to Borrower,withuut charge,an
<br />�-rl��..`,.Y.�.
<br />�..-.,. unnual accounting of thc Funds,showing crcdits and dcbils to thc Funds and thc purposc fur which cach dcbit ta dic Fun s was
<br /> �:�;::�::`-�:��.� macic.'I-nc runds arc pledgcd as addiiional su:urity fur aiI�u���s�,uie:d t,y tFis SH.�ri.y ir.sL•�urn;,r.i.
<br /> '-�'=^�'�T�� If thc Funds hcld by Lcndcr cxcccd thc amounts permittcd to bc hcld by applicnblc law,I..endcr shull account to Borrowcr for
<br /> ���`�'�" � the cxccss Funds i�accordance wilh�he requircments of applicuble law.If the amount of the Funds hcld by Lcnder at any umc is
<br />.��.�::.(�rES.
<br /> `=�`f� not suCficicnt to pay the E�crow Itcros whcn duc,L.cndcr may su notify Borrowcr in wridng,and,in such casc Bonowcr shall pay
<br />,. ',.�.�.; ro Lender tha ert►ount necessary to mnl:e up the deficiency. I3orrower ahtill make up the deficiency in no more then twelvc
<br /> �;�-: ;, ; +,
<br /> '-wr monthly paymcnts,at L.cndcr's solc discrcuon.
<br /> P�;:�;,;
<br />�,::�s.,,_� Upon paymcnt in full of all sums sccurcd by this Sccuriry InsVumcnt,L.cndcr shall promptly rcfund to Boaowcr any Funds
<br />'�-��'*:A7�� hcld by Lcndcr. If,undcr parugraph 21, Lcndcr shall acquuc or scll thc Propcny,I.cndcr,prior ro thc acquisition or sale of thc
<br /> �'�'�'�=�-'��� Property, shall apply any Funds hcld by l.cndcr at thc time uf acquisition or snlc as a crcdit against thc sums sccurcd by this
<br />�_�,`f�� Sccurity Insvumcnt.
<br /> w---�-,�,� 3.Applkption of Payments. Unlcss spplicable luw provides otherwisc,all paymcnts received by Lcndcr under paragraphs
<br />-__°';""� 1 and 2 shall bc Applicd: C¢st, to any prcpayment charges due under the Note; sccond,to amounts payablc undcr paragraph 2;
<br />-�,_ =�:�l��! third,to intcrest duc;fourth,to principal duc;and last,to uny latc chazgcs due undcr thc Notc.
<br /> --°�`�-=� 4.Charges;Li�ns. Borrowcr shall puy s►11 taxcs,asscssmcnts, chargcs, finc.c and imposidons atuibutablc to thc Prnpcny
<br /> --w=,���� which may altain priority ovcr this Sccurity Insuumcnt,and lcaschold puymcnts or ground rents,if any.Borrower shaU puy Ihcsr.
<br />-u-��--' obligadons in thc manncr providcd in paragraph 2,or if not paid in that mnnncr,Borrowcr shall pay thcm on umc dirccdy to thc
<br />=_a:a.,��u� ,.
<br /> '-� �"'�� � person owcd puymcnt. Bortowcr shall promptly fumish to 1[.cnder all noUccs of amounts to bc paid undcr this puragraph. I
<br /> —_.Jr•e 'r
<br />�t.�;,���, IIorrower makcs thcsc paymcnts dirccdy,Borcower shall prompUy fumish to L.endcr reccipts cvidencing the pay►nents.
<br />��``t�;^''� '' � BO[fOWC[ShflQ rom U dischaz c an licn whicli has nocit ovcr this Sccurit Insuument unlcss Borrowcr: (a)ag►tics in
<br /> �,e-.,• P P Y B Y P� Y Y
<br />�"� wridng to thc paymcnt of thc obligfldon sccural by the licn in a manncr Acc:cptablc to Lcndcr,(b)contcsts in good failh 1hc licn
<br /> ,,;R,�;,-..,�,,_ b�, or dcfcnds against enforccmcnt of thc lien in, Icgal prceccdings which in thc I.cndcr's opinion operatc r,o prevcnt the
<br /> �'1`�°:'k'.' '' enforcement of thc licn; or(c) sccures from the holdcr o�'Ihe licn an agrccment saGsfactory to Lendcr subordinapng i}►e licn w
<br /> - �`'.��'�°. this Sccurity Instrumcnt. If l.cndcr dctcrmincs that any pan of thc Propcny is subjec:t to a licn which may attain prioriry ovcr this
<br /> Security Instrument,l.cnder may give Boaower a nodce identif,ying the lien, Borrower shall sutisfy the lien or take one or more
<br /> -'�� � of thc actions sct forth abovc within 10 days of thc giving of noucc.
<br /> • Form 3020 9/00
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