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<br /> TOO�TFiBR WITH all the improvements now or here�fter erected on the propeny,anc�all easements,appunenances,and
<br /> fixtur�a now or hereefter a part of the property. AU replacements and additions shall also be covared t�y thie Security
<br /> lnst�um�:nt. RII of the foregoing is rcfcrred to in this Stcurity Instrumcnt as the"Property."
<br /> BORROWBR COVLNANTS that Borrowcr is lawfully seised of the estato hereby conveyed and has the right to grant�nd
<br /> convey the Propeny and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and wlil
<br /> defend genernlly�he titla to the Praperty agsinst ell claims and demanas,subjext to any�ncumbrances of record.
<br /> THIS S8CURITY INSTRUMBNT combines uniform covenants for nationul use and non-uniform covenants with limitod
<br /> varietions by jurisdictlon to constitute a uniform security in�trument covering real property.
<br /> IJNIFORM COV�NANTS. Borrower and Lender covenant arxl agrce as follotivs:
<br /> 1,F'vyment ot Prin�lp�l �nd Interest; Prep�yment �nd I.�te Ctwrg�.+. 3orcawer shall pramptiy pay when due tho
<br /> principal af anci interest on the debt evidencod by the Nate and any prepayment and Iste charges due under the Note.
<br /> 2.Fund� for TAxes and InsurAnce. Subject to applicable law or to a written waiver by I.endcr, Borrower shall pay ta
<br /> Lencter on the duy monthly payments are due under the Note,until the Note is paid in full,u sum("Funds")for: (a)yearly taxes
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Property; (b)yearly leasehold payments
<br /> or ground rents on the Praperty, if any;(c)yr.t+rly hazard or propcity insurance premiums;(d)yearly flaxl insurance premiums,
<br /> if any; (e) yearly mortgage insurance premiums, if any; and(�any sums payable by Bonower ta Lender,in accordance with
<br /> the provfsions of paragraph 8, in lieu of thc payment of mortgage insurancc premiums. These items arc callecl "Escrow Items,"
<br /> Lender muy, at any time, collect and hold Fuiuls in an amount not to exceed the maximum amount a lender for a federally
<br /> rolated mortgage loan may require for Borrower's escruw account under the faleral Real Sswte Settlement Procedures Act of
<br /> 1974 aa unend�xl from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Punds
<br /> sats a lesser amount. If so, Lender may, at any time. collect end hold Funds in an amount not to excoeii ehe Iwser amount.
<br /> L,ender may estimate the amount of Funds due on the basls of current dsta and reasw�able estimates of cxpcnditurs.s af future
<br /> �scraw Items or othenvise in accorda�tct with applicable Isw.
<br /> ?he Funds shall be held in an institutian whose deposits ara insured by a fe.deral agency, instrumentality, or cntity
<br /> (including I.cnder,if i.ender is such an institution)or in any Federal Home Loan Bank. Lender shall apply die Funds to pay the
<br /> Escrow Items. I.ender may not charge Borrower for liolding und applying the Funds,unnually analyzing the escrow account,or ;
<br /> verifying the Bscrow Items,unless Le��der pays Borrower Inccrest on the Funds and applicable law permits Lender co malce such
<br /> a chargo, However, Lender may requirc Bc�rrower ta pay a one-time charge for an independent teal estate tex nporting service
<br /> usat by Lender in c:nnnxtion with this loan, unless applicable lew provides otherwise. Unless an ngreement is made or
<br /> applicable law t�quires ic�tcrest to be paid, [.ender shall not be reyuiral to pay Borrawer any interest or earnings on the Funds.
<br /> Borcower and Lender may egrce in writing, howsver, that interest shall be paid on the Punds. Lender shall give to Borrower, �
<br /> without charge, an annual accounting of the Funds, shawing credits and debits to the f'unds and the purpose for which each
<br /> debit to the Nunds was made.I-ne Funds are piecigai w a�ldltio��si�.a�ity f�r a!!out;b�ur�!b;this Stc�riw, fn�r.��ment.
<br /> If the Funds held by I.e►vier excad the amounts permittal to be held by applicable law, Lender shall account to Borcower
<br /> for tF�e excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by C.ender at eny
<br /> time is not sufficient to pay the Bscrow Items when due,Lender may so notify Sorrower in writing, and,in such case Borrower
<br /> shaU pay to i.ender the amount necessary to muke up the deficieney. Borrower shell make up the deficiency in no more t}tan
<br /> twelve monthly payments,at L.ender's sole discretion.
<br /> Upon payment In fu11 of nll sums secured by this Security Instrument, Lender shafl promptly refund to Borrower nny �
<br /> Funds held by I.ender.If,under paragraph 21,I.ender shall acquire or sell the Propercy,I.ender,prior to tho s�cquisition or sale
<br /> of tht Property,shull apply eny Funds held by Lender at the time of acquisition or sale ns a credit against the sums socurod by
<br /> this Savriry Instrument.
<br /> 3.Applicallon o[Paymen�s.Unless applicable law provides otherwise,all payments rexived by Lender under peragraphs
<br /> 1 and 2 shall be appliod: first, to any prepaynxnt chargcs due under the Note; second, to amounts payable under pxragraph 2;
<br /> third,to i��terest due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4,Ciwrgea; Llen�. Borrower shall pay all taxes, asscssnxnts, charges, fines and impositions attributeble to the Property
<br /> whieh may attain priority uver this Security Instrument, anc! leasehold puyments or grounci rents, if any. Dorrower stu�ll p�y
<br /> these obligatiuns in the►nanner pro��idal in paragraph 2,or if'not paid in that manncr, Bonnwer shall pay them on timc diroctly
<br /> to the person uwed payment.Borrower shall promptly fumisli to L.ender ull notices of amounts to be paid uruier this paragn�ph.
<br /> If Aorrower makes these payments directly,Borcowor shall promptly fumish to I..ender receiptc evidencing the payments.
<br /> Borcower shall promptly dixharge eny lien which has priority over this Security instrument�nless Borcower: (a)agroes in
<br /> writing ti�the paynxnt of the obligation securcd by thc lien in u manner ncceptable to Lendcr;(b)contests in good faith the lien
<br /> by, ot defends �gAinst enforcement of the lien in, legal proceedings which in the Le►xier's opinion ope�xte to prevent the
<br /> enforcement of the licn;or(c)saures from the holder of the lien an agrcement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. if Lcnder detennines ti�at any part of the Property is subject to a lien which may attain priority over
<br /> this Security Instrument, Lcixler may give Borrower n notice identifying tlic lien. Borrower shall satisfy the lion or take one or
<br /> more of the actions set forth above witFiin 10 days of the giving of notice.
<br /> Form 3028 91A0
<br /> Pp�2 a18
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