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<br /> TOGETHEIt WITH all the improvcmcnts now on c�reafter crccted on ihe property, and all cascmcnts, appurtciklnccs, anci
<br /> � fixtures now or hereat'ter a part of thc property. All replaccnients and additioiu sl�all also bc covcrcd by this Sccurity Insirumcnt.
<br /> All of the faregoing is referred tn in this Sccurity I��.Strument as[l�e"Property.'
<br /> BORRQWER COVGNANTS that Bsyrrowrr is lawf�dly sciscd of the estate hcreby convcycd and has thc right to grant and
<br /> canvey the Properly and that the Propnrry is unencumbe:red, except for encumbrances of record. Borrower warraius and wili
<br /> defend gr.nerally the title to the Pro�rty againat all claims and demands,subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uiuform covenants for national use and non-uniform covenan[s with limitect
<br /> variations by Jurisdiction to coniUtute a uniform securiry ins[run�ent cavering real properry. �
<br /> UNIFORM COVENANTS,Horrowcr and l.endcr covenant and agrec as follows: .
<br /> 1. Payment ot Pr(ncipwl And Interest;Prepayment and Late Charges. Borrowcr shall promptly pay whcn due the
<br /> principal of and in[ere:st on the debt evidenccd by thc Note anci any prepayment and late charges due under the Note.
<br /> Z. Fund�[or Tvxes And In+urs►nce. 5ubject to applicable law or to a written waiver by C.ender, Borrower shall pay to
<br /> Lcnder on thc day monthly payments are due under thc Note, until the IVote is paid in full,a sum("Funds") for: (a)yearly taxes
<br /> and assessments which may attain priority over Ihis Securiry [nstrument as a lien on the Properry; (b)yearly leasehold payments
<br /> or gcound renu on the Property,if any;(c)yeariy hazard or properry insurance premiums; (d)yeariy flood insurance premiums,if
<br /> any;(e) yearly rnortgage insurance premiums, if any; and(�any simu payable by Borrower to l.ender, in accordance with the
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. Thesa i[ems are called "Escrow Items."
<br /> Lender may,at any time. collect and hold Funds in an amount not to exceed the maximum amount a lender for a fedcrally related
<br /> mongage loan may require for Borrower's escrow account under the federal Real Estute Settlement Prceedures Act of 1974 as
<br /> amende4 trom tinx to timc, 12 U.S.C. Section 2601 N se�. ("RESPA`), unless another law thac applies to the Funds sets a lesser
<br /> amount. If so, I.ender may, at any time, collcct and hald Funds in an amount not t� exceed the Iesser amount. Lender may
<br /> estimate�he amount of Funds due on the basis of current data and reasonable estimates of expenditures of future�scrow Items or
<br /> otherwise in accardance with applicable law.
<br /> The Funds shall be held in an institution whose deposits arc i�uured by a federal agency, instrumentality,or entiry (including
<br /> i.ender, if Lender is such an institution) or in any Federal Home [.aan Bank. Lender shaU npply the Funds[o pay the Escrow
<br /> Itenu. l.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,ar verifying
<br /> the Escrow Items,unless L.ender pays Borrowec interest on the Funds and applicable law perntits Lender to make such a charge.
<br /> However, Lender may require Aorrower to pay a one-time charge for an independent real estate tax rcponing service used by
<br /> Lender in connection with this loan, unless applicable faw provides otherwise. Unless an agreement is made or applicable law
<br /> requires interest to be paid, Lender shall rat be require.d to pay Borrower any interest or earnings on the Funds. Borrower and
<br /> Lcrwcr .:s;;a;st"-in writing,hoWever; rhac interest shall be paid on the Funds. I.ender shall give to Borrower,without charge, an
<br /> annual acccwnting of�he Funds, showing credits and debi[s to the Funds and[he purpose for which each debit to the Funds was
<br /> made. The Funds are pledged as additional seeurity for all sums secured by this Security Instcumont.
<br /> If tha Funds held by Lcnder exceed the amounts permitted to be held by applicable law,Lender shall account to Borrower for
<br /> the excess Funds In accordance with th�requiremenGg of applicabte law. If tha amount of the Funds held by Lender at any eime is _
<br /> not sufficient to pay the Escrow Items when due,I.ender may so notity Borrower in writing,and,in such case Borrower shall pay
<br /> to I.ender the amount necessary to make up the deficiency. Borrower shall m�ke up thc deficicncy in no more than twelve
<br /> monthly paymenu,at Lender's sole discrction.
<br /> Upon payment in full of all s�lms secured by this Securiry Instniment, Lender shall promptly refund to Borrower any Funds
<br /> held by l.erder.If. under paragraph 21, l.�nder shall acquire or sell the Properry, Lender, prior to the acquisition or sale of the
<br /> Property, shall apply any Funds held by I.ender at the time of acquisition or sale as a credit against the sums secured by this
<br /> Security[tuuument.
<br /> 3.Applkation of Paymenta. Unless applicable law provides otherwise, all payments received by Lender under paragraphs
<br /> 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amoun[s payable under paragraph 1.;
<br /> third, to interest due;fourth,to principal due;and last,to any latc charges due undcr the Note.
<br /> 4.Chs�rges;Liens. Borrower shall pay all taxes, assessments, charges, fnes and itnpositions attributable [o the Propeny
<br /> which may attain priority over this Securi[y [nstrument, and leasehold payn�ents or ground rents,if any.liorrower shal!pay these
<br /> obligations in die manner provided in paragraph 2, or if not paid in that ma�uier, Borrower shall pay them on time directly to ttu
<br /> person owed payment. &►rrower shall prompcly fi�rnish to Lcnder all notices of amounts to be paid under this paragraph. IF
<br /> Borrower makes these paymenu directly,Borrower shall promptly furnish to L.rnder receipts evidencing the payments.
<br /> Barrower shall promptly discharge any lien whicl� has priori[y over this Securicy Instrument unless Borrower (a)agrees in
<br /> writing to the payment of the obligation secured by dic lien in a manner accep[abte to Lender;(b)contests in good faith the lien
<br /> by, ox deta�ds agains[ enforcement of the lien in, legal proceedings which in thc Lender's opinion operate to prevent the
<br /> enforcement of the lien; or (c) secures from the holder of the lien an agrccment sa�isfactory to I.ender subordinating the li�n to
<br /> this Securiry Cnstrutnent. If Lender determines that any part of the Property is subject to a lien which►nay attain priority over ttiis
<br /> Securiry Imtrument.Lender may give Borrower a notice identifying Uie lien. Borrower shall satisfy the lien or take one or more
<br />__ of the actions sct fordi above within l0 days of the giving of notice. po��2��190
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