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<br /> TOGETHER WITH nll the improvcments now on c�rcafter crccted on thc propeny, and all ensemcnts,appurtcnances, and �_.�
<br /> � lixtures now or hercafter a part of the property.AU replacements and addipons shell alsa be covercd by this Security Instrumen� , A:>_.--
<br /> � All of thc foregoing is rcferred tn in this 5ccurily lnswment as thc"Propeny." �'���-
<br /> ± aORROWER COVENANTS ihat Borrowcr is lawfully seised of the cstute hereby convcycd and has t}ic riglu to grant and � .;;��` _
<br /> convey the Property and that the Property is unencumbered, except for encumbrances af record. Boaower warrants and will .,♦ "�:ir_
<br /> �{ defend gcnerally thc tidc to the PropeRy against all claims and dcmands,subject w any cncumbranccs of rccord. � -y�_-
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<br /> THIS SECURITY INSTRUMENT combines uniform covenants for nauonal use and non-uniform covenanis with limited � ___
<br /> variauons by jurisdicuon to consutute a uniform securiry inswment covering real propeny. -
<br /> ' UNIFORM COVENANTS.Borrower and Lender covenant and agrce as follows: G
<br /> � n Late Cbar es. Bonower shall prompdy pay when due the ` _
<br /> 1.Payment of Prtncipai and Interest;Prepayment a d g Q ;�_
<br /> ' principal of and intcrest on ihc debt cvidenced by the Note and any prepayment and late charges due undcr the Note. � ___
<br /> � 2.Funds for Taxes and Insuraace. Subject w applicable law or tn a written waiver by Lender, BoROwer sh�ll pay to �, � ,.�
<br /> � Lender on the day monthly payments are due under the Note,unul the Notc is paid in full,a sum("Funds")for:(a)yearly taxes _.:�
<br /> � and asscssmcnts which may auain priority over this Seciuity Instrument as a lien on thc Property;(b) YcarlY�caschold payments '",
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<br /> � or grpund rents on thc Praperty,if any;(c)ycarly hazard or property insurance premiums;(d)yearly flood insurance premiums,if „�.
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<br /> any;(c)ycarly mortgage insurancc premiums, if any; :�nd (�any sums payable by Bottower to Lcnder,in accordance with the :_
<br /> ' provisions of paragraph 8, in lieu of the payment of mortgage insurancc premiums. These items are called "Escrow Items." ��:__
<br /> Lendcr may,at any time,coUect and hold Funds in an amount not to excced thc maximum amount a lender far a federully related ;—_
<br /> mortgage loan may requue for Borrower's escrow account under the iederal Real Estate Settlement Procedures Act of 1974 as ��'"�--
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<br /> amended from time to timc,12 U.S.C.Sccuon 2601 er seq. ("RESPA"),unless anothcr law that applies to thc Funds scts a lesser �T�=-
<br /> amount If so, I.ender may, at any time, collect and hold Funds in an amount not to exceeci the lesser amounG Lender may :,-r_�
<br /> estimate the amount of Funds due on U�e basis of cw�rent data and reasonable estimates of expenditures of future Escrow Items or �:�:-�
<br /> ' �, otherwise in accordance with applicabie law. ,,t'.�__
<br /> The Funcis shall be held in an institution whose deposiu are insured by a fcdcral agency,instrumentality,or endty(including • ;��:
<br /> Lender,if Lender is such an instiwdon) or in any Federal Home Loan B a n k. L en der s h a l l apply t he Funds to pa y the Escrow .,,- -
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<br /> Items.Lender may not charge Bonower for holding and applying the Funds,annually analyzing the escrow account,or verifyins
<br /> l itse Es�row Itcros,�inl�cc T.ender pays Borrower interest on Ute Funds end applicable law permits Lender to make such a charge. ;y������
<br /> � � However,Lender may require Bonower to pay a one-dme charge for an independent real estate tax reporting service used by ���,^_
<br /> Lender in connection with this loan, unless applicable law provides otherwise.Unless an agreement is made or applicable law : �LL
<br /> � requires interest to be paid,Lender shall not be rec�uired to pay Borrower any intcrest or carnings on the Funds.Borrower and �:� �•�-�
<br /> ! L.endcr may agrcc in writing,however,thal intcrest shall be paid on the Funds.L.ender shall givc w Borrowcr,without cherge,an � � ��
<br /> annual accoundng of the Funds,showing crediu and debits to the Funds and the purpose for which each debit to the Funds was ;�
<br /> made.The Funds are pledged as additional security for all sums se�ured by this Security Instrumen� I��.;
<br /> If the Funds held by Lender exceed the amounts permiued to be held by applicable law,Lender shall account to Borrower for ';.,
<br /> the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any time is _ '
<br /> not suffIcicnt to pay the Escrow Items when due,L.ender may so no6fy Boaower in wripng,and,in such case Boaower shall pay s
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<br /> to Lender the amount necessary to make up the deficiency. Bonower shall make up the deCcicncy in no more than twelve 1:� -
<br /> monthly payments,at Lender's sole discrction. -
<br /> � Upon payment in full of all sums secured by this Security Instrument,Lendcr shall prompdy rcfund to Borrowcr any Fue►ds __�Y
<br /> held by Lcnder.If,under paragraph 21, Lender shall acquire or sell the Property,Lender,prior to the acquisidon or sale of ihe ���-•
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<br /> Prope:ty,shall apply any Funds held by Lcnder at the time of acquisition or snle as a crcdit agsunst the sums secured by this .:,.,R.�
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<br /> Security InstrumcnG ''��-t�-
<br /> � 3.AppUcation oP Payments. Unless upplicable law provides otherwise,all payments received by Lender under parngraphs .�;�,;�:=
<br /> 1 and 2 shall hc applied: first,to any prepayment charges due undcr the Note;second, co amounts payablc under paragcaph 2; '=.��---
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<br /> � third,to interest due;fourth,to principal due;�nd last,w any late charges due under the Note. �..
<br /> I 4.Charges;Liens. Bocrowcr shall pay all taxes, assessments, charges, fines and imposiuons awibutablc to thc Property `�_---
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<br /> which may auain priority over this Security Instrumeut,and leaschold paymencs or ground rents,if any.Bonower shall pay these � �,,., '
<br /> obligations in the manncr provided in paragraph 2,or if not paid ia that manner,Bonowcr shall pay thcm on timc dirccdy to the ,,����
<br /> ' person owed paymcnG Borrower shall prompdy fumish to i...cnder all nouces of amounts to be paid under this paragraph. If I ;`.�4 _ ,.
<br /> i Borrower makes these payments direcdy,Borrower shaU promptly fumish to Lender receipts evidencing the payments. ,, .
<br /> i Bonowcr shall prompdy discharge any licn which has priority ovcr this Sccurity Inswmcnt unlcss Borcower: (a)agrecs in - ..�•;,:>...
<br /> � wriling to the payment of the obligation secured by the lien in a manner acceptable w L.ender;(b)contests in good faith the licn , '
<br /> i by, or defends against cnforcement of the lien in, legal procr,edings which in the Lender's apinion operate to prevent the
<br /> j enforcemcnt of thc licn;or(c)secures trom thc holdcr of thc licn n��agrcemcnt satisfactory to Lcndcr subordinating thc licn to�
<br /> { this Sec�uity Instrument.If L�:nder determines that any part of the Propany is subjec;t to a lien which may attuin priority over this
<br /> Securily Instrument,I.ender may give Borrower a notice identifying the lien.Borrower shall sabisfy the lien or talce one or more
<br /> of the acuons set forth above within 10 days of the giving of nouce.
<br /> Form 3028 �190
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