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<br /> TOGBTHEtt WITH ull thc improvements now or hereaRer erected on thc propcny, nnd all cascments,appurtcnancea,and
<br /> .fixtures now or hereafter a pan of the propeny. All repincemeni+ and eddltions shall also be coverecl by this Security
<br /> lnstrument. All of tbe forcgoing i�seferred to in�his Security Instrument as the"Pr�party." _
<br /> BORROWER CUVENANTS that Borrower Is lawfully selnai of the tstate hereby convcyed ond has the right co grant and
<br /> convey the Property end that tbe Property le unencumbered, exapt for encumbrancea of record, Borrower warrnnte and wlll
<br /> defend generally the title to the Propeny agAinst all cl�ims and demands.subje.et to uny Cncumbrances of recard.
<br /> TH1S SECURI'TY INSTRUMFNT aombines uniform covenante for natfonal use and nan•uniform covenants with limited
<br /> varfations by jurisdic[ion to constitute a uniform security Insteument covering real proprrry. �
<br /> LINIFORM COVBNANTS. Borrower and Le�der covonant and��ree aa follows:
<br /> 1, Poyment of Principal and Interest; Preppyment and Lwtc ChWr�a. F3or►nwer shall promptly pay whcn due the
<br /> principal of and intenat on the debt evidenced by the Note a��d any prepayment and late chargea due undr.r the Note.
<br /> 2. Funds for Taxes end Insurance.SubJect to applicable law or to a writtcn waiver by I.snder, Borrower shall pay to
<br /> Lendcr on the day monthly payments arc due under the Note,until tbe Note is paid in full,a sum('Funds")for: (a)yearly taxe� _
<br /> and assessments which may attain priority over this Security lnstrument as a tien on�he Property; (b) yearly leasehold paymenta
<br /> or ground rents on the Propeny, if any;(c)yearly hazard or property inaurance premlums;(d)yearly flood Insurance premiums,
<br /> if any; (e)yearly mortgage insurance premiums, if any; and(� any sums payable by Aorrower to Lender, in accordence with
<br /> the provisions of paragraph e, in lieu of the payment of mortgage insurance premiums. Thesc items are called "Escrow Items.'
<br /> l.ender may, at any time, collxt and hold Funds in an amount not to excad the maximum amuunt a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account under the fcderal Rea! Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time, 12 U,S.C,Sect[on 2601 et srq. ("RESPA"), unless a��other law that applies to lhe Funds
<br /> sets a lesser a�nount. If so, Lender may. at any time, wllect and hold Funds in an amount not to exceed thc lesser amount,
<br /> I.ender may estimato the amount of Funds due on the basis of current data and reasonable escirnat�s of eapenditures of futun
<br /> Bscrow Items or otherwlse in accordance with appl{cable law.
<br /> The Funds shall be held in an institution wbose deposlts ace insured by a federal agency. instrumentnlity, or entity
<br /> (including Lender, if Lender is such an institution)or in any Pederal Home Loan Banlc.I.ender shall ap�ly the Funda to pay the
<br /> Escrow Items. Lender may not chargo Bonower for holding and applying the Funds, annually analyzing the escrow account.or
<br /> verifying the Bscrow Items,unless Lender pays Bonower interest on the Funds and applicnble law permits Lender to make such
<br /> a charge. However, L.ender may require Bonow�r to pay a one-time charge for sui independent real e�tate tax reporting service
<br /> used by L.ender in conuection with this loan, unless applicable taw provides otherwise. Unless an agreement ts made or
<br /> applicable law requires interest to be paid,L.ender shall not be required to pay Bonower any interest or earnings on the Funda.
<br /> Borrowcr and Lender may a�ree in writing, however, that interest shall be paid on the Funds. Lender shell give to Barrowec,
<br /> withous cnazge, an ennual �uw�cdlr,g�f the fands, oho:::ss8 c:ed::� a�d�+wZi;� �p Lhe!Fpn�tc and the putpose for which each
<br /> debit to the Funds was made.'fhc Funds:uc plalged as additional sxurlty for a!1 sums scxured by this Security Instrurnent.
<br /> If the Funds held by Lender excaed the amounts permitted to be held by applicable law,Lender ahaU account to Borrower
<br /> for the excess Funda in accordance with tht requirements of appliceble law. If the amount of the Funds held by Lender at u►y
<br /> time is not sufficiant to pay the Escrow Items when due,Lender may so notify Borrower in writing. and.in such case Horrower
<br /> shall pay to Lender the amount nxessary to make up the deficiency. Bonower shall make up the deficiency in no more thu►
<br /> twelve monthly payments,at I.,�nder's sole discretion.
<br /> Upon payment in full of all sums securod by this Securicy instrument, Lend�r shall promptly r�fund to Borrower any
<br /> Funds held by Lender. If,under puagraph 21,Lender she11 acquire or sell the Property,Lender,prior to the acqui�ltlon or ule
<br /> of the Property, ahall apply any Funda held by L.ender at the tin�e of acqui�ition or sale as a credit againat the sum�secuted bY
<br /> this Security Instrument.
<br /> 3.Applicatlon ot PAyment��Unlesa applicable law provides otherwisc,all paymcnts received by Lender undet paragraphs
<br /> 1 and 2 shall be applied: ficst, to any prepayment churges due under the Note; second, to amounts payable under pazagr�ph 2;
<br /> third,to interest due;fourth,to principa!due;and last,to any late charges due under the Note.
<br /> �. Chwr�es; Lien�.Bonower shall pay all taxes,assessments, charges, fines and impositions attributable to thc Property
<br /> which may attain priority over this Security Instcument, and leasehold payments or ground rents. if any. Borrower shall pAy
<br /> these obligations in the manner provided ln pazagraph 2,or if not paid in that r.ianner,Borrower shall pay them on time directly
<br /> to the person owed payment.Borrower shall promptly furnish to I.ender all notices of amounts to lx paid under this pazagraph.
<br /> If Borrower makes these payments dlrectly, Borrower shall promptly fumish to Lender re�eipts evidencing the payments,
<br /> Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Bonower:(a) agree�in
<br /> writing to the paymeut of the obUgation securcd by the lien in a menner acceptable to I.cnder; (b)contests in good faith the lien
<br /> by, ar defends against enforcement of the lten in, legal proceedings which in the Lender's opinlon operate to prevent the
<br /> enforcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory to Lendec 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 priority over
<br /> this Security lnstrument,Lender may give Sorrower a notice identifying the lien.Borrower shall satisfy the lien ur take one or
<br /> more of the actions set forth above witliin 10 days of the giving of notice.
<br /> Form 3o2e 9190
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