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<br /> 'POCiETHER WITH all ihc improvcments now an c�rcafter crcctcd �n thc property, und all�m�c ts,�p�6r[c�;and r .`
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<br /> fixtures now on c�rcaftcr r�part of thc propercy.AU replaccmenGS and addiuons shall also bc covcrcd by this Sccurity Instrumcnt. �
<br /> All of Ihc forcgaing is rcfctccd co in this Security lnstrument as thc"Prapercy." � • .
<br /> BORROWER COVENANTS that Bonowcr is lawfully sciscd of thc estate i►creby canvcycd sind has�hc right to�rant and k •�:�►:�•.
<br /> convey the Property and Ihat lhc Propeny is unencumbcral,cxcept for cncumbrances of record. Borrowcr warran45 and will f ; �
<br /> .,. .•-•^�° dcfend gencrally ihe dQe to thc Property a�ainst all claims and demands,subject to any encumbranccs of rceord. � �+�"• �
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<br /> �a THIS SECURII'Y INSTRUMENT combincs uniform c:ovcnanis for naUOnal usc and non-uniform covcnants with limitcd � _•.,•_,.:.• `., ;..
<br /> varisuons by jurisdicdon to wnsdtutc u uniform sccurity inswmcnt covcring rcal property. ! • � � '��' •-'•�;:'—
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<br /> UNIFORM COVENANT3.Bottowcr and L.cnder covcnant and agrcc as follows: ';'� r'���°�
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<br /> 1.Payment of Principal and Interest;Preppyment aad Late Charges. Borrower shall prompdy pay whcn duc thc � ,.;,i,�v��—�,
<br /> principal of ancl interest on thc debt evidenced by the Note and any prepayment and latc charges due under the Note. :'`�.A--_____,��__
<br /> 2.Funds for Taxes and Insurance. Subject to appGcable law or to a written waiver by L.ender. Boaower shall pay to }____,
<br /> L.cnder on ihe day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for: (a)ycarly taxcs � . ,�W°J•-
<br /> ' � and assessments which may atlain priority over this Security Instrument as a lien on the Property;(b)yearly lcasehold payments ��.__ —
<br /> or ground rents on the Properly,if any�(c)Yeady hazard or property insurance prerniums;(d)yearly flood insurance remiums,if � '
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<br /> any; (e)yearly mortgage insurance premiums,if any;and(�any sums payable by Borrower w Lender,in accordance with the :`�,.
<br /> prrnisions of paragtaph 8,in lieu of the payment of mortgage insurance premiums. These items are called "Escrow Items." :�J�,,.�
<br /> � Lender may,at any qme.wllect and hold Funds in an amount not to exeeeei the mtucimum�unount a lender for a fcclerally rektted
<br /> mortgage loan may requae for Borrower's escrow account under the federal Real Estate Seulcment Procedures Act of 1974 as �"�'��
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<br /> � amended from time to time,l2 U.S.C.Secuon 2601 et seq. ("RESPA"),unless another law that applies w the Funds scts a lesser y�,,,,,:,
<br /> � ��� amoun� If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amoun�Lender may A,��;,
<br /> � csdmatc the amount of Funds due on ihe basis of cuncnt data and reasonable estimates of expendiwres of future Escrow Items or .y,�.,,.,
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<br /> otharw'�.,e in accordance with appllcable law. ��'-
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<br /> The Funds shall be held in an ins6tudon whose deposits are insured by a federal agency,insaurnent9lity,or enuty(including :�j
<br /> L.ender,if Lender is such an instiwUOn) or in any Federal Home Loan Bank•Lender shall apply the Funds to pay the Escrow � t ;�c;.,
<br /> � Items.Lender may not charge Bonower for holding and applying the Funds,amivally analyzing the escrow account,or verifying :.i�
<br /> the Escrow Items,unless Lender pays Borrower interest on the Funds and epplicable law permits Lender to meke such a charge. '�.�:
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<br /> However, I.ender may require Boaower to pay a one-time charge for an independent real estate tax reporting service used by -
<br /> .- Lender in connecdon with this loan,uniess applicable law provides otherwi�.Uiii�s an agrcr.rtscnt i�madc or agglicsble!sW __ •'"�"�
<br /> requires interest w be paid,Lcnder shall not bc rcquired to pay Borrower any interest or eamings on ihe Funds.Aorrower and , - ��_
<br /> Lender may agree in writin8,ho�vevcr,that inu;rest shall be gaid on the Funds.Lcnder shall give to Borrower,without chazsc,an Fi�
<br /> • annual accounpnB of the Funds,showing credits and debits to the Funds and ihe purpose for whlch each dcbit to the Funds wes �.�.
<br /> made.'It�e Funds are pledgcd as addiUOnal sccwlry for all sums secured by ihis Security Tnsuumen4 r�-_
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<br /> � If the Funds held by Lender exceed the amounts permiued to be held by applicable law,Lender shall account to Borto e
<br /> � the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lend�er at nny cime is
<br /> �� not sufGcient to pay the Escrow Items when due,Lender may so notify Bonower in writing,and,in such case Borrower shall pay
<br /> to Lender the amount necessary eo make up the deficicncy. Bonower shall make up the deGcicncy in na more than twelve [��°--
<br /> �, monthly payments,at Lc:ndcr's solc discrstion. �-
<br /> • Upon payment in full of all sums secured by this Sccurity Instrument,Lender shall prompdy refund to Borrower uny Funds �:
<br /> • held by Lender.If,undcr paragraph 21,Lcnder shall acquire or sell the Property.L en der,prior w i he acquisi 6o n o r s a l c o f t h c
<br /> - Property, shall epply any Funds held by Lender at thc pme af acquisition or sale as a crcdit against ihc sums secured by this _
<br /> � Sccurity Instrument -
<br /> �i 3.ApplicaHon ot Payments. Uniess applicable law provides o�herwise,all payments rcceived by I.ender undcr paragraphs : ---
<br /> � 1 and 2 shall be applied: Cirst,eo any prepayment char�es due under the Note;second,to amounts payable under paragraph 2; ��;-
<br /> - tfiird,to imerest due;fourth,to principal due;and last,to any late charges due under the Note. __..._ �-_-._—_.
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<br /> � 4.Charges;Liens. Borrower shall pay all taxes, asscssments,charges, fines and imposidans attributable W the�'roperty =_
<br /> a which may attain priority over this Sccurity Instrument,and leaschold payments or ground rents,if any.Borrower shall pay lhcsc �.
<br /> � obGgauons in the manner provided in paragraph 2,or if not paid in that manner,Bonower shall pay tt►cm on time directly to the - �,�,;�
<br /> person owed paymcn� Baaower shall prompdy fumish to Iandcr all nopccs of amounts to be paid undcr this paragraph. If . .�+z�r�:
<br /> Borrower makes these paymenu direcdy,Borrower shall prompdy iumish to Lender receipts evidencing the payments. -��.-t� i�%�
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<br /> � Borrower shall prompQy discharge any licn which has priority over this Security Insirument unless Bonower. (a)agrccs in . � *- .�p,;�:
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<br /> � writing to thc payment of the obligaaon sccurcd by the licn in a manner acccptable u�Lendcr,(b)contests in gaod faith the lien s`:��: :.V..
<br /> x by, �r defends against cnforcemenl of the lien in, legal procecdings which in the Lendcr's opinion operate to prevent the' �•�`;�;..f,-,a:��
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<br /> � enCorccment of Ihc licn;or(c)sccures from the holder of the lien an a�recment satisfactory w Lender subordinadng thc ticn to
<br /> this Security Instrumen�If Lender determines that any purt of the Propeny is subject to a lien which may Auain priariry over this '
<br /> ', Security Inswment,L.cnder may give Borrower a noace idcnafying thc licn. Borrowcr shall satisfy the lien or take one or morc � I
<br /> I of the aclions sct fonh abovc within 10 dstys of the giving of notice. .
<br /> , Form 3028 919Q •
<br /> � •8R(NE)�e2�21.0+ aepezois initia�e:
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