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<br /> TOQETHBR WITH all the improvaments now ar t►ereafter erected on the propeny,und aU easements, uppurtenances,and
<br /> fixturec now or hereafter a part of the property. All replocements and additians shail also be covereci by this Security
<br /> instru►nent. All of the farcgoing is referred to in this Scxurity Instcunxnt as the "Yroperty."
<br /> BORROWER COVENANrS that Borrower is Inwfully scised of the cstate hereby conveyed and has thc right to grant and
<br /> convey the Propeny and that the Property is uncncumbered, except for encumbrances of record. Borrower wnrrants and will
<br /> defend generally.he title to the Propeny ugainst atl clai►ns and demands,subject to any encumbrances of record.
<br /> THIS SECURITY iNSTRUMENT combines unlform covenants for national use und non-uniform covenants with limittd
<br /> variations by jarisdiction to constitute a uniform security instrument covering real property.
<br /> UNiFORM COVENANTS.Borrower a�d l.ender covenant and agrec as follows;
<br /> 1. Payment �f Principwl and Intercst; Prepwyment and I.Ate Charges. Borrower shall promptly pay when duc the
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under tlie Note.
<br /> 2.Fund.9 [or Taxes and Insurnnce� SubJect to applicable law or to a written waiver by L.ender, Borrower shali pay to
<br /> Lender un thc day monthly payments are due under the Notc,until the Note is paid in full,a sum("Funds") for: (a)yearly taxes
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Propeny; (b)yearly leasehold payments
<br /> or ground rents on the P►nperty,if any;(c)yearly hazard or property lnsurance ptemiums;(d)yearly flood insurance premiums,
<br /> if any; (e) yeariy mc,rtgage insurance premiums, if any; and(� any sums payable by Berrower to Lender, in accordance wlth
<br /> the provisions of paragraph 8, in lieu of d�e pnyment of mortgage insurance premiums. These items are culled"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 falerally
<br /> related mortgago loun may requies for Borrawer's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from tirne to time, 12 U.S.C.Section 2601 et seq. ("RESPA"), unless another law that applies to tho Funds
<br /> sets a le�ser amount. If sa, I..ender mny, at uny time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> Lender may estimate tlie amount of Funds due on the basis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or othcrwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. I.ender shall apply the Funds to pay the
<br /> F.scrow Items. Lender may not charge Bonower for holding and spplying the Funds,annually analyziug the escrow account,or
<br /> verifying the Escrow Items, unless l.ender pays Borcower interest on thc Funds and applicable law permits Lender to make such
<br /> u charge. However, Lender may require Borrower ta pay a one-time charge for un independent real estate tax reponing service
<br /> usod by I.ender in connection with this toan, unless applicable law provides otherwise. Unless an agreement is mado or
<br /> applicable law requires interest to be paid, [,ender shall not be required to pay Borrawer any interest or earnings on the Funds.
<br /> Borrower and Lender may agree in writing, however, that interest shnll bP paid on the Funds. Lender shall give to Borrower.
<br /> withnut charae. an annual accountinA of the Funds, showing crc�dits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was made.Tha Funds are pledy,ed ns additional security for all sums secu�tid by this Saaurity�nstrument.
<br /> If the Funds held by Lender exceod the amounts permitted to be held by upplicable law, Lender shall account to Bonower
<br /> for the excess Funds in accordance with the requircments of applicable law. If the amount of thc Funds held by l.ender s►t any
<br /> time is not sufficient to pay the Escrow Itetns when due, Lender may so notify Borrower in writing, and,in such case liorrower
<br /> shall pay to I.tinder the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at Lendar's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Ihstrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If,under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to tlie acquisition or sale
<br /> of the Property, shall apply uny Funds held by�ender at the time of acquisieion or sale as a credit against the sums secured by
<br /> this Security Instn�ment.
<br /> 3.Application of Payments.Unless applicable law provictes otherwise,ali payments rcceived by[.ender under paragraphs
<br /> 1 and 2 shall be applied: first.to any prepayment charges due u��der the Note; second,to amounts paysble under puragraph 2;
<br /> third,to interest duc;fourth,to principal due;nnd last,to any late churges due under thc Note.
<br /> 4.Charges; Litns.Borrower shall pay all taxes,assessments, charges, fines nnd impositions attributable to the Property
<br /> which may attnin p�yority over this Security Instrument, und leasehold payments or ground rettits, if any. Borrower sl�all pay
<br /> these obligations in the manner pr�vided in paragraph 2,or if not paid in that manner. Borrower shall pay them on tinx directly
<br /> to the person owed paymr,nt. Borrowcr shull promptly furnish to Lendcr:►II notices of amounts to be paid undcr this paragraph.
<br /> If Borrower makes these payments directly, Borrower shall promptly furnish to L.ender receipts evidencing the payments.
<br /> Borrowcr shall promptly discharge any licn which has priority over this Security Instrument unless Borrower;(A)agrces in
<br /> writing to the payment of the oblibation secured by the lien in a m�nner acceptable to Lender;(b)contests in gcxxi faith the lien
<br /> by, or defends against enforcement of tl�e lien in, legal procecdings which in the l..ender's opinion operate ta prevent the
<br /> enforccment of the licn;or(c)secures from the hotder of the lien�an agrecmcnt satisfactory to Lender subordinating thc lien to
<br /> this Security Instru►nent. If Lender determines that any pan of tlie Property is subject to a licn which may attain priority ovcr
<br /> this Security Instrumcnt, Le:ndcr may givc Borrowcr a notice identifying tlie licn. Borrower shall satisfy the lien or take one or
<br /> more of the actions set forth ubove witl�iu !0 days of the giving of notice.
<br /> Fam 3028 9I90
<br /> Peee 2 0l 8
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