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<br /> 98- ����.�oez
<br /> TOGETHBR WiTH all the impravemente now or hereafter eroctai on the propeny,and all eusements,uppurtenances,and
<br /> fixtures now or heroafter a part of the proporty. All replacements and additions shuli r�lso be covered by this Sccurity
<br /> Instrument. All of ths foreqoing is referred to in lhis Security Instrument as the"Property•"
<br /> BORROWER(:OVENANTS that Aorrower is lawfully :+c�sed of thc cstnte hereby convoyed a�xi has the right to grant and
<br /> convey the Property end that the Prop:ny is unencumberal. except for encumbrances of record, Rc�rrower wurrants und will
<br /> defend generully the litle to the Pmpeny egainst all claims and demnnds, subject to an��encumbrances of record,
<br /> THIS SECURITY 1NSTRUME�NT combines uniform covenants for nntional use and non-uniform covenunts with limited
<br /> variations by jurisdiction ta con�titute s uniform security instrument covcring reul propcny.
<br /> UN[FORM COVENANTS.Horrower end L.ender covei�ant anci agrce as follows: --
<br /> 1. R►ymmt of Principd �nd interest; Prep�►yment and La�te Chwrges. Borr�WCr shall promptly pay when duc the
<br /> princip�l of and interest on the debt evidenceci by the Note and any prepayment and late cliarge's due under the Note.
<br /> Z,Funda for TRxe��nd insurance. Subject to applicable law ar to a written waiver by L,ender, Borrower shall pay to
<br /> Lender on the day monthly paynxnts arc dua under thc Note.until the Notc is paid in full, a sum("Fund�i)i�yeh��d u aymznts
<br /> a�d asussments which may xttain priority over ttiis Security instrument as u lien on thc Propeny-; (b)y y P Y
<br /> or ground rents an the Property,if any;(c)yearly hauud or propeny insurance premiums; (ci)ycarly floocl insurance premiums,
<br /> if any;(e)yearly mortgage insurance premiums, if any; end (fl any sums payable by Bnrrower to Lender, in uccordance with
<br /> the provisions of paragraph S, in lieu of the payment of mortgage insurance prcmiums,These�tems are callcd "Escruw Items."
<br /> L,Gnder may, at any time, collect and huld Funds in an amount not to exceed the maximum amount a Iender for a federally —
<br /> related mortgage loan may require for Borrower's escrow �ccount under tite federal Real Estate Settlement Proc�ures Act of
<br /> 1974 as amended from time to tim�, 12 U.S.C. Section 2601 rt seq, ("RESPA"),unless anoth�r Inw that applies to the Funds
<br /> sets a lesscr amount. If so, Lender may, at any time, collecc and hold Funds in an amount not to exaai the Iesxr amount.
<br /> Lender may estimate the omount af Funds duc on the basis of current duta and reasonable estiniates of cxpcnditures of future
<br /> Escrow Items or otherwise in eccordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured i�y a federal abency, instrumentality, or entity
<br /> (including Lender,if Lender is such an institution)or in any Fcderal Home I.oan Bank,Lender shell apply the Fuixis to pay the
<br /> Escrow Items. Lender mfly not charge Borrower for holding and applying the�unds,annually analyzing the escrow account,or
<br /> verifying the Escraw Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such
<br /> a charge. However, L,ender may require Borrower to pay a one-time charge for an independent rcal estate tax reponing service
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreemcnt is mede or
<br /> applicable law requires interest to bc paid, I.ender shall not be required to Qay Borrower uny interest or earnings on the T'unds.
<br /> Borrower and Lender may agrx in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower,
<br /> wi�hout charAe, an annual accounting of the Funds, showing credits and dehits to the Funds and the purp�se for which each
<br /> debit to the Funds was made.The Funds arc pledged as ndditionai securiiy fur aii surs;:.:.t;;��,.h:�S=^'-'s!!y T�,ctn�ment.
<br /> If the Funds held by I.ender exceed the amounts permitted to be held by applicable law, I.ender shall account to Borrower
<br /> for the execss Funds in ac:cordance with the requirements of applicable law.If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such case Borrowcr
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrow�r shall make up the deficiency in no more than
<br /> twelve monthly payments,at I..ender's sole discretion.
<br /> Upon payn►ent in full of all sums secueed by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> Funds held by Lender.If,under paragraph 21, 1.ender shall Acquire or sell the Property, Lcndcr,prior to the acquisition or sale
<br /> of the Property, shall apply any Funds held by L.ender at the time of acquisition or sale as a credit against the sums secured by
<br /> this Security Instcument.
<br /> 3. Appllcation oi PAyments.Unless applicable law provides otherwise,all payments received by Lcnder under paragrap s
<br /> � and 2 shn�►be applic�: first, ta any prcpayment charges due under the Note: sxond, to amounts payable under paragraph 2;
<br /> third,to interest due:fourth,to principal due:and last,to any late charges due under the Note.
<br /> 4. ChArges; Llens. Borrower shall pay all taxes,assessments, charges, fines and impositions attributuble to the Property
<br /> which may altain priority over this Security Instrument, and leasehold payments or ground rents, if any. I3orrower shall pay
<br /> these obligations in thc manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly
<br /> to the person owed payment. Borrower shall promptly furnish to I.endcr all notices of amounts to bc paid wxler tliis parugraph,
<br /> If Borrower makes these payments directly,Borrower shall promptly furnish to Lcnder receipts evidencing tbe payments.
<br /> l3orrower shall promptly discharge any lien which has priority ovcr this Security Instroment unles��orrowcr; (a)agrces in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> by. or defends against cnfurccment of thc licn in, Iegal proccedings which in tt�e L.ender's opinion operate to prevcnt the
<br /> enforcement of the lien:or(c)secures from the holder of the licn an agreement satisfactory to Lender subordinating the licn to
<br /> this Securiry Instrument. If L,ender detcrmines that uny part of the Froperty is subject to a lien which may attain priority over
<br /> this Security Instrument, l.cnder may givc Barrowcr a notice idcntifyin�; thc lien. Rorrowcr sh�ll satisfy the licn or takc one or
<br /> morc of thc actions sct forth above within 10 days of thc giving of noticc.
<br /> Form 3028 9190
<br /> Paqe 2 0l 6
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