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<br /> 98- i�.z�1s
<br /> TOQETHER WITH all tho improvements now or hereafter erectod on the property. �nd all cascments,appurtenances,and
<br /> fixtures now or hereafter a pan of the propetty. All replecements and additions shall also be covcred by this Security
<br /> Instrument.All of the foregoing is refcrreci to in this Security Instrunxnt as thc"Property,"
<br /> BORRUWER COVENANTS that Borrowcr is lawfully seised of the estnte hercby convcyed and has thc right to grant arw
<br /> canvey the Property and that the Property is unencumbereci, except far encumbrances of record. Borrower warrants und will
<br /> Jefend generally the title to the Propeny against all claims und demand�,subject to uny encumbrances�if record.
<br /> THIS SECURITY INSTRUMENT combincc unifarm covenunts for nutional usc and non-unifonn covcnants witl► limital
<br /> variations by jurisdiction to wnstitutc u uniform sccuriry instrumem covcring rcal propcny. _^
<br /> UNIFURM COVENANTS. l3orrowcr anci Lcndcr cuvr�iunt uixl ugrcc u�foilows:
<br /> 1. Payment at Principwl And Interat; PrcppYmmt wnd I,�te Ch�rRa+� Borrowcr +hull pmmptly puy whcn due the
<br /> principul of nnd interest on the debt evidenctd by Ihc Note u�xl uny prepayment und lacc ch�ugcs duc undcr the Notc,
<br /> 2. Funds for 'fwxe.s and In�+urance. Subject to upplicuble luw ur t�� a written wuivcr by i.cnder, Bormwcr �hall puy to
<br /> [..cndcr on the day monthly payment�urc due undcr the Notc,until the Notc is puid in full,u sum("�unds")f'or. (a)ycarly taxes
<br /> and assessments which may attain�riority aver thig Security lnstrument as a lien on tlie Property; (b)ycarly leasehold payments
<br /> or ground rents on the Property, if any; (c)ycarly hui.urJ or property insurance premiums; (d)yearly flcxxl intiurance premiums,
<br /> if any; (e)yearly mortgage insurnnce premiums, if sny; and(� any sums payable by Borrower to I..ender, in accardance with
<br /> the pravisions of paragraph 8, in lieu of the payment of mortgage insurance pretniums.These items are called "Escrow Items."
<br /> L.ender may, at any time, collect ond hold Frands in an amount not to exceed the maxirnum amount a lender for a federally
<br /> related mortgage loan may rcquire far Borrower's escrow aeeount under the fecieral Real Estate Settlement Procedures Aet of
<br /> 1974 ns amended from time to time, 12 U.S,C, Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds
<br /> sets a lesser amount.lf so, L.ender may. ut nny time, collect and hold F��nds in un amount not to exceed the Iesser umount.
<br /> Lcnder may estimate the nmount of Funds due on the basis of current data and reasonuble estimztes of expenditures of future
<br /> L�scrow Items or othenvise in accordance with applicuble Inw.
<br /> Thc Funds shall be held in an iiistitution whose de�wsits urc insured by u federal agency, instrwnentality, or cntity
<br /> (including Lender, if L.ender is such an institution)or in any Federal Home Loan Bank. Lender shull apply the Funds to pay the
<br /> Bscrow Items. Lender may not churge Aorrower for holding nnd applying the Funds,annually analyzing the escrow account,or
<br /> verifying the Escrow Items, unless i..ender pays Borrower interest on the Funds and applicable law pemiits Lender to make such
<br /> a cherge, However,I.ender muy require Barrower to pay a one-time charge for nn independent real estate tax reporting urvice
<br /> used by Lender in connection with this loan, unless npplicable law provides otherwise. Unless an agreement is made oc
<br /> applicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.
<br /> Bonower and L.ender may agree in writing, however, that interest shall be paid on the Funds. Lcnder shall give to L'corrower,
<br /> without charQe, an annual accountin�of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was mada.The Funds ate pledged as addu►onal securiry ior aii suu�n�.a��.d by t�is S:,c�.:.Y I•"•�insment.
<br /> If the Punds held by Lender exceed the amounts permitted to be held by applicable law. Lender shall account to I3orrower
<br /> for the excess Funds in accdrdance with tha requirements of applicable law. If the amount of the Funds held by L.ender at any
<br /> time is not sufficient ta pay the Escrow Items when due, I.ender may so notify Borrower in writing,and. in such case Borrower
<br /> shall pay to L.ender the amount necessury to make up the deficiency. Borrower shall make up tl�e deficiency in no more than
<br /> twelve monthly payments,at L.ender's sole discretion.
<br /> Upon payment in tull of all sums secureci by th:s Security Instrument, I.ender shall promptly refund to Borrawer any
<br /> Funds held by l.ender. If, under paragraph 21,Lender shall ucquire ur sell thc Property,L.ender, prior to thc acquisition or sale
<br /> �f the Property,shall Apply any Funds held by I.ender at the time of acquisition or sale as a credi►against the sums secured by
<br /> this Security Instrument.
<br /> 3.Application of Payments. Unless applicable law provides otherwise,all payments received by L.ender under paragraphs
<br /> 1 and '2 shall be applied: first, to any prepaymcnt char�es due under the Notc; second, to amounts payable uixler parag�aph 2;
<br /> third, to interest due;fourth,to principal due;and last,to any late chargcs due undcr the Note.
<br /> 4.Charges; I.lens. Borrower shall pay all taxes,assessments, chnrges, fincs and impositions attributablc to tlic Property
<br /> which may attain priority ovcr this Security Instrument, and lcasehold payments or ground rents, if any. Borrowcr shull pay
<br /> these obligations in tt►e manner provided in paragraph 2, or if not puid in that manner, Borrower shull pay thcm on time directly
<br /> to the petson owed payment.Borrowcr shall promptly furnisli to Lender all noticcs of amounts to bc paid undcr this para�raph.
<br /> If Borruwer makes these paymcnts directly,Borrower sh:►11 promptly furnish to Lcnder rcccipts cvidencing ti�e payments.
<br /> Borrower shall pramptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)ugrees in
<br /> writing to thc payment of thc oblibation securcd by tlie lien in a manncr acccptnble to Lcndcr; (b)contests in good faith the lie�
<br />— by, or defends against enforcement of the lien in, Iegal proceeciings which in Nic Leixter's opinion operate to prevent the
<br /> enforcement of thc lien;or(c)secures from the holder of thc licn an agrcemcnt satisfactory to I.ender subordinating thc licn to
<br /> this Securiry Instrument. If Lender determines that mry part of the Property is subject to a lien which may attain priority over
<br /> this Security Instrument, [.ender may 6ivc Ek�rrowcr a notice identifying the lien. Borrower shall satisfy thc lien or take onc or
<br />-:,: mo��e of the actions set forth above within 10 days of thc givinb af�iotice.
<br />_ Form 3028 9190
<br />:� Pego Y of 6
<br /> 7
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