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<br /> TOCi�THER WITH ull thc impravcmcn�w now on c�rcuftcr crccted on 1hc property, und uli casemen�s,appurtcnuncc.c, nnd � `
<br /> � [ixtures now on c�rcattcr a part of tho praperty.All rcpleccmcnGs and edditions shall also bc cuvcrcd by this Sccunty lnswmcn�. I
<br /> ' AQ of thc foregoing is rcfcrred to in�his Security Instrument a.y thc"Property." .
<br /> i BORROWER COVENATITS that Borrowcr is lawfully sciscd of thc estatc hcrcby canvcycd�r►d has thc right ta grant and
<br /> convey the Property and thal d►e Property is unencum6ercd, except for encumbrances af record. Borrower warran4s and will _
<br /> � dcfend gcncrally thc titic to thc Property against ul!cistims and demands,subjcct to any encumbrnnces of rccord.
<br /> THIS SECURI'fY INSTRUMENT cambines uniform covcnants for nadonal usc end non-uniform covcnanGS with limitcd CO ::. .
<br /> vnriauons by jurisdicpon to consutute a uniform security instrument covering ruil propeny. � .� •����'
<br /> UNIFORM COVENANT'S.Borrowcr and Lender covcnant and agrec as follows: � ,. �t''�`��-
<br /> . 1.Payment of PrincipAl and Inter�t;Prepuyrt�ent and Late Charges. Bonower shall prompdy pay whcn duc �he Fi ' : """�`
<br /> principul of and interest on thc debt evidencecl by ihe Note end any prepayment and late charges due under ihe Note. � _��
<br /> 2.Funds for Taxes and Insur�nce. Subject to applicable law or to a written waivcr by Lender, Boaower shall pay to Q �,,,,,.�•:.-
<br /> Lcndcr on thc day monthly paymcnis arc duc undcr thc Note,until thc Note is paid in full,a sum("Funds")for:(a)ycarly tsuas Q' f
<br /> and assessments�vhich cnay attain priority over this Securiry instrument ac a lien on�he Property;@) yearly leasehold payments N ( _
<br /> or ground rents on the Property,if any;(c)yearly ha•rard or property insurance premiums;(d)yearly flood instuac►ce premiums,if I
<br /> any; (e) yearly mortgage insuranee premiums,if any; and(�any sums payable by Borruwer to Lender,in accordar.ce with the I
<br /> provisions of paragraph 8, in lieu of thc puyment of mortgage uisurance pzcmiums. These itcros are called "Escrow Items." �
<br /> Lender may,at any time,collect and hold Funds in an amount not to exceed the meximum amount a Iender for a federally related ,
<br /> mortgage loan may requ¢e for Bomower's escrow accuunt under the federal Real Estate Seulcment Procedures Act of 1974 as
<br /> amended from time w ume, 12 U.S.C. Sccuon 2601 et seq. ("RESPA"),unicss anothcr law that applies ro thc Funds sets a lasscr �
<br /> �, amounG If sa,Lender may, at any timc, collr;ct and hold Funds in an amount not to excceti thc Icsser amoun� I.ender may �..�
<br /> estimate the amount of Funds due on the basis of current data and masonable estimates of expenditures of future Escrow Items or
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<br /> otherwisc in accordancc with applicablc law. � r_
<br /> ''' The Funds shall be held in an instiwdon whose deposits are insured by a federal agency,instrumentality,or enury(including '�•' � .�.�ti,
<br /> � Lendcr, if L�nd�r ic ci��h en inctiwe�on)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the Escrow _ __"<<,�__ �
<br /> � Ttems.L.ender may not cherge Bonowcr for holding and applying the Funds,annually analyzing thc cscrow account,or verifying :; ", ,��;.
<br /> � the Escrow Items,unlass Lender pays Bonower interest on the Funds and applicable law permits Lender to make such acharga. c . ; ;'
<br /> However,I.ender may require Barrower to pay a onc-timc charge for an independent real cstate tex repordng scrvicc used by `t`�
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<br /> Lender in connection with this loan, unless applicable law provides otherwise.Unless an agreement is made or applic361c law
<br /> requires interest to be paid,Lcnder shall not be required to pay Borrower any interest or eamings on thc Funds. Borrower and ,w
<br /> Lcnder may agree in wridng. howcver,that interest shall bc paid on thc Funds.Lender shall givc to Borrower,without chargc,an "� �';
<br /> annual accounting of the Funds,showing crcdits end debits to the Funds nnd the purpose for which each debit to the Funds was
<br /> madc.'Ihe Funds are pledged as additional sccurity for all sums secured by this Secwrity InsirumenG �� ��:;��
<br /> If tnc Funds held by Lcndcr excced the amounts pc;rmittcd to bc ncld by applicable law,Lendcr shall account to Sorrower for ;,,�.�—_
<br /> tl�e excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any dme is —
<br /> not sufficient to pay the Escrow Items when due,Lcnder may so notify Boaower in writing.and,in such case Borrower shall pay �,�„�.�
<br /> to Lcndcr thc amount necessary co make up the deficiency. Borrower shall make up the deficiency in no more than twelvc �����
<br /> monthly payments,at I.ender's solc discrcdon. _��4k--
<br /> Upon payment in fuU of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower any Funds "':'''�"�:
<br /> held by Lcnder.If, under paragraph 21,Lcnder shall acquire or sell the Property,Lender, prior to the acquisidon or salc of thc ;:�,�"_�`
<br /> Property,shall apply any Funds held by Lender ut the ume of acquisidon or sale us a credit against the sums securcdby ihis ���`-
<br /> � Sccurity InstrumcnG �'��--"'�``
<br /> � 3.Application of Payments. Unlcss applicable law provides otherwise,all payments reccived by I.ender under paragraphs ��""""'�"�"
<br /> 1 and 2 shall bc applied:C►rst,to any prcpayment chargcs due under the Note; secand,to amounts payablc undcr paragraph 2; "���
<br /> � third,to interest due;fourth,to principal due;and lust,to any late charges duc under the Note.
<br /> 4.Charges;Lfen4. Borrowcr shall pay all texcs, assessments, charges, fines and imposirions atvibutable to the Property , i��ti"=-�r
<br /> � which may attain pnafityo�ar�this Sccurity Instrumcnt,and lenschold paymenu or ground rents,if any.Bonowcr shall pay thcsc � . „"
<br /> � obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay thcm on time direcUy to the : , • �
<br /> person owed payment. Bomowcr shall prompdy furnish to L.endcr all noticcs of amounLs to be paid undcr this paragraph. If ,,�;..
<br /> I Borrower makes these paymen45 d'vecdy,Borrower shall prompdy furnish to Lender receipts evidencing lhe payments.
<br /> ; Borrower shall prompUy discharge any lien which has priority over this Security Instrument unless Bonowcr:(a) agre.es in .
<br /> ! writing w the payment of the obligadon secured by the lien in a manner acceptable to L.ender;(b)contests in good faith the lien
<br /> 1 by, or defends against cnforcernent of the lien in, legal proccedings which in the Lcndcr's opinion operate to prevcnt Ihe I '
<br /> ' enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> ' this Security Instrument.If Lender determines that any part of the Property is subject to a lien which may attain prioriry over ihis
<br /> ' Sccurity Instrwnent,l.ender may givc Borrowcr a noticc identifying thc lien. Sorrowcr shall satisfy the lien or takc onc or morc i '
<br /> of the actions set fonh above within 10 days of lhe giving of notice.
<br /> Form 3029 9i90 i
<br /> fI�T).6V(NEI�o�»�o� Paoe 2 0�6 inn�ais: E . . --
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