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<br /> TOGETHiiIt WI'TN ull thc improvcmcnts now on c�rcafter crect�d on thc properry,and aU ruscments. uppurtennncrs,and =_
<br /> fixturc� now nn c�rcuftcr ai purt of thc property. All replaccments nnd additionx shull also hc ci�vcrcd by this Sccurity _
<br /> Instrwncnt. All uf thc Porcgoing is rcfcrrcd to in thiti Sccurity Instrument,is thc "Property." �`
<br /> HORROWEiR COVf:NAN'CS thut Horrower is luwfully scised ul ll�c c�tiUc:hciehy �:unvcycJ anJ hati thc right tu gr.int�nd �_
<br /> ` �`� '� cunvey the Pru{x:n,y �md thut thc Property is unencumheri�d, exc�pt ti�r encumbranres of record. Borrower w�irrunts und will —
<br /> ,,,,,,;,,�� detcnd gcncrally thc title to thc Prc�perty i�g►iinst nll claims and dcmun ds,su bjcct to uny encum branccs o f rec u rd. !_
<br /> �e;w....t�7aph 7'HIS S6CUKITY INSTRUMENT ccimbines unifiirm cc�vcnantti tur nutionul usc und non-uniform covcnunts with limitcd
<br /> " vurintions by jurisdiction tc�constitute u uniform serurity instrument covering reul property. �
<br /> " UNIFORM COVENANTS. Rarrowcr and I..cndcr covenunt cind it�;rcc as follows: �..�
<br /> ° " l. !'uyment �►P Princlpul und Inter�t; Prepuyment and I.ute Chu��;�.w. Dorrowcr shall promp�ly pay ~vhen duc thc � _
<br /> • ' principul of und interest on the debt evidencecl by the Note und nny prepayment and lute chnrges due under the Note.
<br /> 2. F�nds t��r Tuxcti nnd Insurnnee. Subject to applicuble law ur t�ti u written waiver by [.a:nder, Bormwer shall pny to �
<br /> w' L.endcr on thc duy monthly paymcnts ure duc under the Notc.until the Notc is paid in full,a sum ("Funds") for:(ul ycarly taxes �
<br /> '` uud ass�ssments which may attain priority ovcr this Scrur�ty Instrumcnt as u lien on the Property; (b)ycarly Ieuschold payments �
<br /> or grnund renu on thc Property, if uny;(c)ycurly har.ard or property insurancc prcmiums;(d)ycnrly flaod insurancc premiums, n
<br /> �• if any; (c)ycarly mortgagc insueBllCC PfCI111UI115, if any; und (� c►ny sumti payublc by Borrowcr to Lcndcr, in accordancc with �
<br /> � the provisians nf puragraph 8, in lieu of the payment of mortguge insurance premiums. These items ure called "Escrow [tems." �
<br /> Lender ►nuy, ut uny time, coUect and hold Funds in un amount not to exceed the maximum amount u Iendcr for u federally
<br /> 4- rclutcJ mortguge loun miiy requirc for Borrower's escrow account undcr the fcderul Rcal Estace Scttlemcnt Proccdures Act of
<br />. � 1974 as amended fram time to time. 12 U.S.C. Scction 2601 et scy. ("RESPA"), unless unother luw that applics to the Funds
<br /> sets a lesser amount. If so, Lcnder may, ac any time, callect and hold Funds in an amount not ro exceed the lesser amount.
<br /> 1 Lendcr may estimutc the umount of Fund+duc on the basis of cunent data and reasonablc estimates of cxpenditures of futurc
<br /> Escrow Itcros or othcrwisc in,tcrordancc with applicablc law.
<br /> Thc Funds shnll bc hcld in an institution whose deposits are insurcd by u fecicral agency, instrumentality, or entity
<br />�• ", (including Lender, if Lender is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to puy the
<br /> Escrow Items. Lcnder may not churgc Borrower for holding and applying the Funds,annually analyzing the cscrow accowit, or
<br />- ____ verifvinc the Escrow Itcros,unless C,ender pays Buirower interest on the Funds and applicable law permits L.ender to make such
<br /> - a charge. However, Lendcr may rcquire Borrower to pay a one-timc char�;e for an independent real estace tax reponing�rrvicc _T
<br /> � used by Lendcr in connection with this loun, unless applicable law provides othcrwise. Unlcss an agrecment is madc ar
<br /> ;; npplicable law requires interest to bc paid, Lender shall not bc required to pay Bonower any interest or earnings on the Funds.
<br /> Burrower and [.ender muy ugrec in writing, however, that interest shall be paid on thc Funds. I.ender shall givc ta Borrowcr,
<br /> � without charge, an annual accounting of the Funds, showing credits and debits ro the Funds and the purpose for which e;uch
<br />�3 debit to the Funds was mada The Funds are pledged as additional securit,y for all sums secured by this Security Iustrum�nt.
<br /> •• � If thc Funds hcld by l.cnder cxceed the amounts permittcd to be hcld by applicable law, Lender shaU account to Borrower
<br /> '" for the excess Funds in uccordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br />�' � , timc is not sufficicnt to pay the Escrow Itams when due.I.ender m�y so notify Sorrower in writing,and,in such cuse Borrower
<br /> • '*�� shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no mo�e than '
<br />=�µ,;',"r:.,,.,, twelve monthly payments,at Lcndcr's solc discretion.
<br /> ��:,��c' C;pon payment in full of all sums sccurcd by thiti Security Instrumcnt, Lendcr shaU promptly refund to Borrowcr any
<br /> `'�' ''' `'°'!+� Funds held by Lcnder. If, under paragraph 2l, L.cndcr shall�cquire or sell thc Property,Lcndcr, prior to the acquisition or sale
<br /> - '�:,= of the Property, shaU apply any Funds held by Lender at the time of acquisition or sale as a credit uguinst the surns secureci by
<br /> •.r.• this Security Instrumcnt.
<br /> 3.Appl[cution of Puyments. Unless applicablc law provides otherwise,ull payments received by Lendcr undcr puragraphs
<br />"�,••,_. , 1 and 2 shall be applicAi: first, to any prepayment ch�►rges due undcr thc Notc: sccond,to amounts payablc under parugraph 2;
<br /> • third, to intcrest due: fourth,to principal due;and last,to uny late charges duc under the Notc. `
<br /> _ 4.Churges; Llens. Borrower shall p�ry all taxcs,assessmcnts. churges, fincs nnd impositions nttributuble to the Property
<br />� _�� which may actain priority ovcr this Sccurity Instrument, und Ieasehold payments or ground rents, if nny. Barrower shall pay
<br /> � � thcse obliga[ions in thc munner provided in paragrnph 2,or if not paid in that manncr, Borrowcr shall pijy them on time dircctly _
<br />- �� � to thc person owcd payment. Borrowcr shull promptly fumish ro Lendcr all notices of umounts to be paid uudcr this paragr.�ph. . � ,
<br /> ` If Horrower makes these payments direc:tly, Borrower shal! prompUy f'umish ta Lender receipts evidencing the payments.
<br /> Borrower shall protnptl��discharge any lien which has priority over this 5ecuriry insrrument unless Borrower:(a)agrecs in
<br /> � writing ro dic paymcnt uf the obligation sccurcJ by thc lien in a manncr acccptable to Ixnder; (h)contests in �ood faith the lien
<br /> • '' by, or defenJs aguinst cnti�rccment of the licn in. Icgal procccJings which in thc Lendcr's opiniun o}xrutc to prevcnt the -
<br /> enforcrment of the lien; or(c) ticrures from thc holder of the lien an ngreement,atisfuctory ti� I,ender subordinating the lien to
<br /> this Security Instrument. If L.cnJer determines that cmy pan��f the Property iti su�ject to a licn which may attain priority over
<br /> this Sccurity Instruntrnt. Lcndcr may givc Borrowcr a nutirc idcnlif'ying thc licn. Bc�rrowcr shall tiatisfy thc licn cir takc onc or _
<br /> morc uf thc cictic�ns sct tiMh abc�vc within IU days uf thc ttiving of nuticc.
<br /> Form 3028 9180
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