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<br />-�,� . �;,, TOGETHER WITH ull thc improv�mcnts now on c�reafter crectcd on thc property,and nll casements, appurtenanccs,und
<br />�.� ' fixtureti now i�r hereaf'ter u purt of the property. All replucements and additions shull ulso be covered by this Securiry
<br /> '' � � � "�' lmn•umcnt.AU of thc foregoing is rcfcrrcd lo in this Scc:urity Instrumcnt us thc"Aroperty."
<br /> 13C)RROWEC2 CUVENAN'l'S that E3armwcr is lawfully sciscd of thc cstatc hcreby convcyccl and hns thc right to grunt nnd
<br />.i;',� ,.� convey the Property und thut the Property is unencumbered. �xcrpt fur encumb�ances nf rccnrA. R�rrower wnrrants und wiU __
<br />-. � defend generully ttte tide to the Pmperty ugninst all duimti und demxnds,subject ta any encumbrances of rccord.
<br />= •;;, "fH1S SECURITY INSTRUMENT r.ombines uniform covenants for nutionul use und non-uniform covenants with limited
<br /> "�" � vuriutiuns hy juri�:diction to constitute a uniform securiry instrument covering real property.
<br /> � " UNIFORM COVENANTS.Borrowcrund Lcndcr covcnant and ugrec as follaws:
<br /> ' �"'�� ,;. 1. Nuyment of Principul nnd Interest; Prcpayment and LAtc Churges. Borrowcr shall promptly pay when due the
<br /> , principul of und intcretit on thc dcbt evid�nccd by the Note anJ any prepayment and late chargesdue under the Ndte.
<br /> �.�c: .`„', �_
<br />��. ,i.,,�;',;;,;., 2. Funds Por Tuxes und Insurance.Subjcct w applicable law or to a writtcn waiver by L.ender, Barrower shall pay to
<br />� '�"•�' � � Lcndcr�in the duy monthly paymcnts ure duc undcr thc Note,until the Nate is paid in full,a sum("Funds")for: (a)yearly ta�ces
<br /> v.,:
<br /> W�.'.
<br />�_+�'•' ' and assessments which may attain priority over this Security Instrument as u lien on thc:Propeny: (b) yearly lease o paymcn s
<br />��., .
<br /> ;����;�,'.,'',. or grounJ rents an che Property,if any: (c1 yeurly ha�ard or property insurance premiums; (d)yearly flood insurance premiums,
<br />�a.;,;�•`':` � if uny: (cl yearly mortguge insurance premiums, if any; and (f� any sums payable by Borrower to I..ender, in accordance with
<br />''"- � �� thc provisions of paragrnph R, in licu of thc puyment of mortgage insurunce premiums.These items are called"Escrow Items."
<br /> '.x���• .:,o �.;�, L,ender may. at uny time, collect and hald Funds in an amount not to exceed the maximum amount u lender for a fcderally
<br /> �;" ' � relate<i rnortgage loan may reyuire for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> � � 1974 us amended from timc to timc, 12 U.S.C. Scction 2601 e►seq. ("RESPA"), unless another law that applies to the Funds
<br />>-�.,.
<br /> • sets a Icsser amount. If so, Lender may,at any time, collect and hold Funds in an amount not to excecd the lesscr amount.
<br />�;' Lendcr may cstimate thc amount of Fund�duc on the basis of currcnt data and reasonable estimates of expcnditures of fuwre
<br /> • .t Escro�v Itcros or othcrwisc in accordanrc with applicable law.
<br />#�: , The Funds shall bc hcld in an institution whose dcposits urc insured by a fedcral agency, instrumentaliry, or entity
<br />}f,±� � (including[.ender,if L,ender is such an institution)cr in any Federal Home Loan Bank.Lender shall apply the Funds to pay the
<br />,. ' . Escrow Itcros. Lc:ndcr may not chargc Borrowcr i'or holding�nd applying thc Funds, annuaUy analyzing thc cscrow account,or
<br />-�'�' " • verifying the Escrow Items,unless Lcnder pays Borrowcr interest on the Funds and applicable law permits Lender to makc such
<br /> ;,.t.
<br /> ��tia�o_,}I„w�ver. IAnder may require Borruwer t��pay a one-time churge for an independent real estate tax reporting serwce
<br />-�!v�%� ' usecl t�y Lender in cunnection with this loan, unless applicable law prov�des othenvise. li��ic�. u�� :,gr�c�r:.nt is ma�s Qr
<br />;.;�:`,{'��''`.,� � applicable law requires in[erest te be puid,L.ender shuU not be requireci to pay Bonower any interest or earnings on the Funds.
<br />:.;-,�Sb��Y�M� � Borrowcr and Lendcr muy ngrec in writing, howevcr, that intcrest shall be paid on the Funds. Lcnder shall givc to Horrower,
<br />_;.::�.'-. •.�°'•, withaut charge, an unnuul accouncing of the Funds, sho�ving credits and debits w the Funds and the purpose for which eaeh
<br /> '��� '' " dcbit to ihc Funds was madc.The Funds arc pledged as additional sccurity for all sums securcd by this Security Instrumcnt.
<br />�.rx. .•
<br />-�'��.''`� If the Funds hcld by Lender exceed�he umounts permiued ro be held by applicaHle law,Gender shall account to Borrower
<br /> ''''" �' • •.� for the excess Funds in accurdance with ihe rcquirements of applicable law. If the amuunt of the Funds held by Lender ut any
<br /> ;' time is not sufficicnt to pay the Escrow Items when due. L.ender may so notify Horrower in writing, and, in such case Boerower
<br /> ..� < <. shall pay to L.ender the amount necessary ta make up the deficiency. Borrower shall muke up the deficiency in no more than
<br /> � :�''•: . twetve monthly payments,at Lcnder's sole discretion.
<br /> � `�`;'.;; :,.r�; Upon paymcnt in full of all sums sccured by this Secw•ity Instrwncnt. Lcnder shaU promptly refund to Borrower any
<br /> '�""'�"'' '�� Funds held by Lendcr.If,undcr parsgraph 21, I.endcr shall i�cyuirc or sell thc Property, Lendcr,prior to thc acquisition or sale
<br /> ^�`'' f'"' �'�`"�• of th� Propeny, shall apply any Funds held by l.ender at the timc of acquisition or sale as acredit against the sums secured by
<br /> ':F.'"�+'' �•�. '• this Sccurity lnstrum�nt.
<br /> � 3.Applicatfon of Payments.Unlcss upplicablc luw providcs othcrwise,all paymcnts rucived by Lender undcr paragraphs
<br /> 1 and 2 shall be applied: fir�t, tu,my prepayment chargea due uiider the Note: second,to amounts payable under paragraph 2:
<br /> �• • third, tn imerc�t due;faurth,to principal due;und lust,tn any latc charges duc undcr the Note.
<br /> � 4.Charges;Liens. B��rrowcr shall pay all taxcs, asscssments, charges, fincs und impositions attributablc to thc Properry
<br /> , .
<br /> _ °�;�;;,;� �- which may anain prioriry crver this Sewrity [nstrument, and lesschold payments or ground rents, if uny. Borrower shull pay
<br /> • M thcsc obligations in thc manncr pruvidccl in paragraph 2,or if not paid in that manner,Borrawcr+hull puy thcm on timc directly
<br /> - • � L to th� person owcd paytncnt. Borrowcr shull promptly f'umitih ti� Lcndcr all noticcs of amoums to bc paid undcr this paragraph.
<br /> �` If Burrowcr mukes the+e paymentti directly. Borrnwer shall promptly fumish to Lender receipts evidenring the payments.
<br /> • � Bnrrowcr shall promptly Jischarge any lien which has priority over this Security Insu•ument unless Borrower: (a)ugrees in
<br /> •� � writing tn the payment c�f thc obligation aecur�d by the lien in a manner acecptable to Lencler;(b)contests in giuxt faith the lien
<br /> !' by, o►'JcfcnJ� ag.tinst cnforccmcnt of ihc lir❑ in. Icgal prc�cccdinEs which in thr Lcndcr's opinion operatc to prevcnt thc
<br /> ' � cnforccment of'thc iicn: or(c)sccures from thc holdcr c�f thc licn an�igrecmcnt satitifactor}�to Lcndcr subordinating the licn to
<br /> � this Suurity In}trumcnt. If I.cnJcr detcrmincs that any pun of thc Pruperty is+ub,j�ct to a licn�vhich may iutain pricirity ovcr
<br /> thi� Sccuriry Inslrununt. L�ndcr may giv� Hurrowrr a notirc iJcntil'ying thc licn. E3urrowcrshall satisf'y thc licn or takc onc or
<br /> ' tnore of lhc acliunti ut forih abovc wl[hin 10 day,of Ihc giving��f noticc.
<br /> Form 3028 8190
<br /> PaUO 2 0�6
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