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<br /> TOCiETHRR WITH wll the(mpravemems naw ar hareafter erected�n the prc.peny,and ell ea�ements, appurtenances, und
<br /> flxtures now nr here�fter � n.n �r �n� propcny. All replacements and additions shall also bc covered by this Sccurity
<br /> Inslrument. All of Ihe f�re�aing li refcrred to in Ihis Securlly Inalniment a�Ihc 'Pro�erty."
<br /> sORROWEIt COV6NANTS ihut [!c►rrowcr is lawfully scisr.d c�f th�esuuc hcrcUy coovcycd und hn��hu righi to grant and
<br /> cunvcy the Propcny a��Q that �hc Proprrry is uncncumUcrcd, cxccp� ka cncumbranccs of rceard. Rorrowcr warrants and will
<br /> defend�ene�ally�ho ti�le�o th�Property agalnst ull claims and demands,subject to �ny encumbrances uf record,
<br /> THIS S�CURITY INSTRUMGNT comtincs unifocm covenants for natianal usc �nd non-uniform covcnants wlth Umited
<br /> v��f�tions by jurisdiction�o constitutc a uniform scc:urity instrument covering rcal property.
<br /> UNIFORM COVG�NANTS. liorrower and L,�nder covcnant and agrcc As Pollaws: � _
<br /> I� I'�ymtnt of I'ri�klpwl and Intcrest; Prcpuyment und I.Ate Churgcs. I3orrowcr shall promptly pay whcn duc Ihe
<br /> principal of and ln�crest on the debt evidenccd by thc Notc and any prcpayment and leic charges duc undcr the Note.
<br /> 2, Fundr fur Twxea�und b�surunce. Subjec� to �pplicablc law or to n wriucn w�iver by I..ender, Rorrower shall pay lo
<br /> L.ender an Ihc d�y monthly payments arc due�indcr thc Noto,until thc Notc is paid in full,a sum("Funds") for:(a)yearly taxes
<br /> and�vsesament�which may attain prlArity over�his Security Instrument as a Ilen on d�e Propeny; (b)yearly leasch�ld payments
<br /> or graund rents on the Propeny,if any;(c) yearly haxard or property lnsurance pr�miums;(d)ye�rly flood insurance prem,iums,
<br /> if u►y; (e)yeacly mortgsee insurance pcemiums, if any; and (�any sums payable by Borrower to[.ender, in accordanee with
<br /> 1he provisions of puagraph 8, in lieu of ihe payment of mortgage insurance premiums. These items are called'�scrow Items."
<br /> Lender may, ut nny time, collect and hold Funds in an amount not to exceed tlie maximum amount a lender for a federally
<br /> relu�d mong�Qe lo�n rnay require for Bnrrower's escrow account under the federal Reai Estate Settlement Procedures Act of
<br /> 9974 u uner�ded from time to tfine, 1211.S.C. S�ction 2601 et seq. ("RESPA'). unless another law that applle�to the Funds
<br /> eas •laser �mount. If so, L.ender may, at nny time, callect and hold Funds In an amount not to exceed the lesur amaunt.
<br /> Lender may estimate the amount of Funds du� on �he basls of currant data a��d reasonnble estimates of expenditures of futurc
<br /> Escrow Items or otherwiu in accordrnce wlth applicable law.
<br /> The Funds shall be held fn en institution whose deposits ara insured by a fedcral agency, instrumentallty, or entity
<br /> (including l.ender, if L.endcr is such an institutian)or in any FederAl liomc l.oan Dank. l.cndcr shnll apply the Funds to pay �he
<br /> Escrow Itcros. Lender m�y not charge Borrowcr for I�olding and applying lhe Funds,annually analyzing the escraw account,or
<br /> verifying the�scraw Itecns,unless Lender pays[iorrower interest on the Funds and applicabie law permits Lender to make such
<br /> a charge. However, I.endor may requlrc Brurower to pay a one-time charge for an independcnt rcal estate tax reporting service
<br /> used by Lender in connection wi►h this loan, untess applicable law provides otherwise. Unless an agrament is made or
<br /> applica�ble IAw requires interest to be paid, l.cnder shall not be required to pay 8orrower any interest or earnfngs on the Funds.
<br /> Bonower and L.ender may agree in wri�ing, however, that tnterest shall bc paid on�he Funds, l.ender shall give to Borrower,
<br /> without charge, An annual accounting of the Funds, showing credits and debits to�hc Funds and the purpose for which each
<br /> dtbit lo lhe FurWs was nuwlc.'liic I�unus arc picdgcd as n�iditionai sccurity for ali sums sccurcd hy�his a"�uriiy In�inm��it.
<br /> If the Funds held by[.ender exceed the amo►►nts permitted ta be held by applicable law,Lender shall account to Borrower
<br /> for the exccss Fund� in�ccordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> time is rwt sufficicnt to pay►he Escrow Items when due, Lcndcr may so notify Borrower in writing,and,in such case Borrowe�
<br /> :hall p�y to I.ender the u�wunt necessuy to make up the deficfency. 8orrower s6dl m�ke up tho deficiency in no more thun
<br /> twelve monthly p�yment�,at Lender's sole dlscretion.
<br /> Upon p�yment in full of all sums secured by this Securi�y ins�rument, Lend�r shall promplly refund to Borrower any
<br /> Funds held by I.ender. If,under paragraph 2i, [.ender shall acquire or sell the Froperty,I.cndcr. prior to the acqulsition or sale
<br /> of the ProFerty. shall apply any Funds held by Lendcr at�he timc of acquisition ar sale as a credit against the sums securod by
<br /> this Securlty Instrurtxnt.
<br /> 3.Appllcatlon of Pwyments.Unless applicable law provides otherwise, all paymcnts reccived by l.ender under paragrapha =
<br /> l �nd 2 shall be Applied: tirst, to any prepayment cherges due under the Note;second, to amounts pay�ble under pangraph 2;
<br /> third,to iRterest due;founh,to principal due;and last. to any late cha�ges due under�he Note.
<br /> 4,Chwrgn+; Llens.Borrower shall pay all taxes. aaussments,charges, fines and impositions attributable to the Property
<br /> which rtu�y attain priority over this Security instrument, and leasehold payments or ground rents, if any. Borrower ahall pay
<br /> these obligations in the manner provided in paragraph 2, or if not paid in that manner, E3orrower shal!pay them on t{me dlrGCtly
<br /> to the person owed payment. Borrower shall promptly furtdsh to l.ender aU notices of amounts to be pald under this puagraph.
<br /> if Borrower makes these pnyments dicec�ly. Borrower shall promptly furnish to I.ender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Sccuriiy Instrument unloss Borrower:(a)agrtes fn
<br /> writing to the payment of the obligetion secured by the lien in a manner acceptable to I.ender;(b)contests in good faith the lien
<br /> by, or dcfcnds against enforcement of�hc lirn in, Icgal proceedings which in thc Lender's opinion oE►erate to prevent the
<br /> cnforcement of the lien; or(c)secures from�hc haldcr af the licn an agrcemcnt satisfactory to L.ender sutwrdlnating the licn to
<br /> thi� Security Instrument. If I.ender determines thwt any pan of the Propeny is subJect to a lien which may atlain priority over
<br /> thia Securily Instrument,L.ender mey give Dorcower a notice identifying the lien. Borrower shall sat�sfy the lien ar talce one or
<br /> more of the actions set forth above withln 10 days of the giving of notice.
<br /> Form 3029 81
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