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<br /> �� . 'TOGETHksR WITH ull thc improvements now on c�renftcr crcctcd on thc property,und all cuscmems, upp��cn»r.ecs, '
<br /> .ind fixtures now on c�rcuftcr a part of the property. Ali rcplacements und udditions shall ul�a bc covercd Ny this Security
<br /> . w �,� lnstrumcnt. All of thc forcqoing is n:fcrrcd w in this Securi�y instrumcnt us thc"Property."
<br /> ` -i��� BORROW�'R COVENANTS thnt Borrower is luwfully seised of the estatc hereby canveyed und has the right to grant
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<br /> ' und convey the Propeny und that the Property is unencumbered,except for encumbrunces of record. Borrower wurrunts und "--
<br /> will defend generally the tide to the Pmperty aguinst ull elnims und demands,subject to any encumbrances nf record. t�.'-�
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<br /> THIS SBCURITY TNSTRUMENT cambincs uniform covennnts for national usc nnd non-uniform covcnants with �;:
<br /> limited variations by,jurisdiction to constitute a uniform security instrument covering reul property. �-
<br />_ �- ' UNIFORM COVENANTS, Barrower und Lender covenant and agrce as follows: ��-
<br /> - . " 1. Payment of PrtnctpAl and Inteeest;Prepayment and Late Charges. Borrower shall promptly pay when due thc -
<br /> . ' ' principal of und lnterest on the debt evidenced by thc Note and uny prepnyatent and Inte charges due under�he Note. _
<br /> . , 2. �unds for'Ihxes and Insurance. Subject to applicable lavr or to a written waiver by Lender,Borrower shall pay to -.
<br /> ;:�� Lender an the day manthly puyments are due under the Nota, until the Note is puid in full,a sum("Funds") for:(a)yeazly �
<br /> taxes and ussessments�vhich muy nttuin priority over this Security Insuument ns a lien on the Ptoperty; (b)yeculy leaschold
<br /> � � payments or ground renGs �n the Property, if any; (c) yearly hazard or propeny insurance premiums; (d) yearly flood _
<br /> insurnnce premlums. if any: (e) yearly mongage insurance premiums, if any; and (� any sums payable by Borrower to _
<br /> � Lender,in uccordance with the provisions of paragraph 8,in lieu of the payment of morigage insuranee premiums. Tl�ese _
<br />�; items aze called"Escrow Items:' Lender may,at any time,collect nnd hold Ftmds in an amount not to exceed the maximum -
<br /> amount a lender for a federally related mort�age loan may reyuire for Burruwcr s�scrow ac:count under thc fcdera! Rcal _
<br /> Estate Settlement Procedures Act of 1974 a�amendcd from time to time, 12 U.S.C.§2b01 et seq. ("RESPA"),unless another =-_
<br /> . � law that applies to the Flmds sets a lesser nmount. If so,Lender may,at any time,collect and hold Funds in an amount nat to
<br /> � exceed the lesser amount. Lcnder may estimate the amount of Funds duc on the basis of current data and reasonable
<br /> _ . ' esdmates of expenditures of future Escrow Items or otherwise in�ccnrdunce with applicable law.
<br /> � The Funds shall be held in an institution whosc deposits are insured by a federnl ugency, instrumentaliry, or entity
<br /> ;� � � (including Lender,if Lender is such nn institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay
<br />- the Escrow Items. Lender may not charge Bonower for holding and applying the Funds,annually analyzing the escrow
<br />__ - '� account, or verifynng the Escrow Items, unless Lender puys Borrower interest on the Funds and applicuble law permits
<br /> Lender to muke such a charge. However, Lender may require Bonower to pay a one-time charge for an independent real
<br /> -- .,�,.,.�tax rcpo:tinp�er.�i�e us�d by L�nder i!�connection wi�h�hi�loan.��nless applicable law provides otherwise. Unless an
<br /> ' agrcement is madc or applicablc law requires intcrest to be paid,Lcndcr shall not be required to pay Borrower uny interest or
<br />- earnings m�the Funds. BoTrower and Lender may agree in writing,however,that interest shnll be paid on the Funds. Lenaer,
<br />" ....� .. shall give to Bonower,wlthout chtuge,ah nnnual accounting of the Funds,showing credits nnd dabits to the Funds ated tho •
<br /> purpose for which euch debit to thc Funds was ntade. Thc Funds are pledgeci as additIonal securiry for all sums secured by
<br />_`-�• � � this Security Instrument.
<br />'�',,� � If the Funds held by Lender exceed the a�nounts permitted to be hr,ld by applicable law, Lender shall account to
<br /> Y� • Borrower for the excess Funds in accordance with the reyuirements of applicable lAw. If the amount of the Fwids held by
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<br /> Lender at any time is not sufficient tu pay the Escrow Items when due,Lender mny so notify Borrower in wriung,en ,m
<br /> ~'°� ' ' such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall muke up the
<br /> "�"';�"� ;'_•�� deficiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> �•�`: Upon paymcnt in full of all sums secured by this 5ecurity Instrumcnt,I.endcr shall promptly refund to Borrower any
<br /> •• ••;�.�;.�.. Funds held by Lender. If,under paragraph Z1,Lcnder shall acquire or sell thc Propeny, Lender,prior to the acquisition or
<br />`;,M;;':^""''""' sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as u credit aguinst the sums
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<br />- . .... . secured by this Security Insuument.
<br /> ° . 3. Appltcution of Payments. Unless applicablc luw provides othcnvise, all payments reccived by Lendcr under !
<br /> � • paragraphs I and 2 shall be applied:first,to any prepayment char�es due under the Note;second,to amounts payable under v
<br /> '. pazagraph 2;third,to interest due:fourth,to principal due;and last,to uny late charges due under the Note.
<br /> - " 4. Charges; Ltens. Borro�ver shall pay all taxes, ussessments, churges, fines und impositions attributable to the
<br />`: Property which muy attnin priority over uhis Security [nstrument,and leasehold payments or ground rents,if'any. Borrower
<br />-_: 'j shall pay these obligations in the cnanner provided in paragraph Z,or if not paid in thut manner,Borrowcr shall pay them on
<br />_ - •. :� time directly to the person owed pAyment. Borrowr,r shall promptly furnish to Lender all notices of amounts to be pa�d under
<br /> - � this paragraph. If Boaower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing
<br /> � " the paymcnts. _
<br /> � �� Borcower shall promptly di�charge any lien which has priority over this Security Instrument unless Borrower: (n)agmes _
<br />' • in writing to thc pAyment of the obligation securcd by thc licn in a manner acccptablc to Le�ider;(b)contcsts in good faith the = -
<br />-� � licn by,or defends against enforcement of the lien in,legal proccedings which in the Lender's opinion operate to pmvent thc ___
<br /> enforcement of thc lien;or(c)secures from the holder of Uie lien an agreement satisfactory ro Lender subordinating thc lien °__
<br /> w this Securiry Instrument. If Lender determines that any part of the Propeny is subject to a lien which may auain priority
<br /> over this Security Instniment,Lender may givc Borrowcr u notice identifying the lien. Bonower shall satisfy the licn or take
<br />- one or morc of the actions set forth nbove within 10 days of the giving of notice.
<br /> ' S. Huzurd or Property Insurxnce. Aorrowcr shall kcep thc improvements now existing or hercafter crc.�:ted on the
<br /> - Property insurcd against loss by tirc,h,�r.urds included within thc tcrm"extcndcd coverage"and uny othcr hazards, including
<br /> - ticwds ur flooding, for which Lcnder mquires insurance. This insurance shall be muintained in the amounts and for the
<br /> Form 3028 9l9(1 (pngr 2 r f 6 page.c)
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