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<br /> :�:::�� 91-�,05'�48 ----
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<br /> TO()E71iBR WITH all the improvements now or hereaiter erected on ihe propeny.nnd ull easementx,appu enences,
<br /> — rnd flxturcs now or hereafter a pert af the property. All replacemcnts and ucidUiona shall al�so be covered by this 3ecurity
<br /> �' Iniuumcnt. All oP the fonegofng is rei'erred to in thiR Security Insuumcnt�r�he"Property." •
<br /> R= BORROWBR COVENANTS that Borrower ia lpwfully rcised of the estAte hereby cuuveycKt and hae thc right to grnnt �--
<br /> �-=�:t and convey the I'raperty und that the Property is uneix:umbered,except for encumbmnces of record. Bacrower wammtx and
<br /> - -- will defend generally the tide tn the Propeny ugain�t All cluima and demenda,cubJect tn uny encumbranees of recard.
<br /> -- -= THIS S�CURITY INSTRUMENT combines uniform covcnunts for nutional uRC and non•uniPorm covenanw wlth
<br /> ��� -- ��� limited variations by juriadiction to wnhtiwte a unifucro secud�y inv�niment covering real propeny. �_--__
<br /> =:; UNIFORM COVENANTS. Horrower end Lender covenunt and ngree ns follows:
<br /> ---- -- _:;9 1. Plwyment ot PrincipAl�nd Int�est:fh'epayment ond I.pte Chargeu. Rorrower xhall prompdy puy when due the __
<br /> _= priacipul of and interest on the debt evidenced by the Note and uny prepayment and latc chargea due under the Nwe.
<br /> ----�� 2. Fuads tor 71�xes nnd Insurance. Subject to applicable law or to u written waiver by Lender.Borrower shall pay to
<br /> -A�;; Lender on thc day monthly payments n�due under the Note,untU thc Note iK puid in full,a sum C'FUnda'7 Far:(a)yearly
<br /> _ -- tnxes nnd assessments which muy attain pdority over this Security Inslrument ax u lien on the Property;(b)yenrly leosehold `
<br /> � payments or ground rents on the Property, if ony: (c) yearly hazurd ar property insurancc premiums; (d) yearly flood -
<br /> ��' insurance premiums. if any; (c) yenrly mort$age inaurance premiums, if any; and (� any sums payAble by Borrower to
<br /> - ��" Lender,in uccordance with the provisions of parngraph 8.in lieu of Ihe paymcnt oP mongage ineurnnce premiums. There
<br /> �.
<br /> '• '? � items are called"Escrow ltems:' Lender may,ut any time,collect und hold Funds in un amount not ta exceed the max�mum
<br /> -��•��".•• ,�• amount a lender far a federally related mortgoge loun may require for Borrowcr's escrow uccount under thc fedcral Real _
<br /> - • Estatc Settletnent Procedures Act of 1974 as amended from time to lirne,12 U.S.C.�2601 rr cey.("RESPA"),unless unotlter _
<br /> ---. ,o law�hat appNes to Ihe Punds sets a lesser amount. If so.Lender muy.nt urty�ime.collect and hold Funds in an amount nut to
<br /> ----- �:s;��;fi`��� excecd thc lesser nmaunt. Lender may es�imate the umount of Funds Jue on the basis of current date and reasonable
<br /> •• �_ ° ��' " estimates of expenditures of future Escrow ltems or Wt�erwixe in nccordunce with applicable law. �
<br /> -'�'.i�H�{►.,.
<br /> ���� , .� Tho Flmds ahall be held in an institution whose deposits u�e insured by u federal agency, instn�mentulity. or entity --
<br /> t��`'�"� � � �' (i n c l u d i n g Lender,if Lender is such an institution)or in any Federnl Home Loun Bank. Lcnder shull epply the Funds to pay
<br /> -�:��.�.as;,s.,.
<br /> the Escrow Items. Lender may no[churge Borrower for ho l ding un d upp ly i n g t h e F u n d s, a n n u n l l y u n a l y z i n g t h e e s c r o w
<br /> -_==—=�a` ' nccou�t,or verifying the Escrow Items, unless Lender puys Bortowcr interest on thc Funds nnd applicable Inw permits
<br /> � '���'�� Lender to make such a charge. However, Lcnder may require Borrowcr to pny a onc-timc cha�gc far an independent real �_
<br /> —= :�sr��.
<br /> ���'�:;;�~:,ti' � • estate tax reporting service used by Lender in connection wilh this ban,unkss applicAble law provides othenvise. Unless un
<br /> � c.:.:::f;.;iif,,,,� `� agreement is madc or applicable law rcquires interest to be paid.Lender shall not be reyuired to pay Borrowcr any interest or e_
<br /> ��y��,�� earnings on the Funds. Borrower und L.ender may ugrec in writing,howcver,thut interext shall be paid on the Funds. Lender �
<br /> ;�-,,�;;� . . shall give to Borrower,without charge,an annunl uccounting of the Wnds,showing credits And debits to the Funds end the
<br /> - �:: ; :� ' purpose for which�nch debit to the Funds was mude. The Funds ure pledged as additionol scxurity for all sumA secured by
<br /> �-�`���.��•.� thi:Security Instrument.
<br /> --- - --- - if che Funds heid by [..eadar eMCecd thc amounts pemiitted tv be iu�ld My upplicable luw. Lender shall account to
<br /> :.s;- "-�.;,;;� ' Borrower for the excess Funds in occordunce with the requirements of upplicable luw. If the amount of the Funds held by �,_
<br /> -=1���- `�`�``�' � Lender a� uny time is not sufficicnt to puy the Escrow Items when Jue, Lendcr may so notify Borrower in writing,und,in
<br /> _„��� ��°",r such case Borrower shall pay to Lender thP amount necessary to make up the def�ciency. Borrower shnil make up the N
<br /> ���+� �;� deficiency in no more than twclvc manthly pnyments,ut Lcnder's sole dfscretion.
<br /> ~ �� � Upon payment in full of all sums secured by thix Securiry Inscrument.Lender shull prompdy refund to Borrower ony �
<br /> y`•"'T�`-�' Funds held by Lender. If,under paragrnph 21,Lender shull ucquire or sell the Property,Lender,prior to the ucquisilion or �.-
<br /> .x. .
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<br /> •�:�.'' � sale of the Property, shAll apply uny Funds held By Lender ut the time of ucquisition or wale us a credit ugainst the sums
<br /> - '' � �.: � secured by this Security Instrumem. --�
<br /> ���n• 3. Application of Paymenis. Unless upplicublc luw providcs othcrwisc, all payments received by Lender under �
<br /> TM.�:r = �•�.. ,
<br /> - '= .,; •• h ..••:•+k pamgraphs I und 2 shall be upplied:firs�,to any prepnyment charges duc undcr the Note;second,to�mounts payuble under
<br /> � ' ��''�` psuagrnph 2;third,to interest due;fourth,lo principul due;and lasl,to uny late churges due under the Note. —
<br />-__• �h `� �1.�,. 1 �. Chwrges; Liens. Borrower shall pay all tnxes, utisc�smen�.c, chnrges, fines und impositions ultributuble �o the ___�
<br /> '�-�` ,: :�,; Propeny which may attnin priority over this Security Instrument,and Ieusehnld puyments or ground rents,if uny. Borrower �_,
<br /> • , �;'"' � � xhall pay these obligution+in the manncr providcd in parugrnph 2,or i�not paid in that munner,Dorrower shull pay�hem on �.
<br /> - • � • � time directly to the person owed puymenl. Borrower shnl I prompdy fumi�h to Lcnder all noticcx of umoums to be puid under F�,,,
<br /> . ' this parngraph. If Borrower mukes these payments dimctly,Borrower shall prompUy fumish to l.ender receipts evidencmg _
<br /> _ '� " the paymems.
<br /> . � .�6�;. � ' Borrower shull promptly discharge uny lien which hAS priority over thix Security Instrument unles+Borcowee(ul agrees
<br /> - • � �' ' in writing to the puyment of the abligation securcd by thc lien in u munncr acceptublc to I.ender,(bl contcsls in good fnith the
<br /> ��, •• - � lien by,or defends against enforcement of Ihe lien in,legul prcxcedings which in thc Lenderk opinion operute to pre�ent the t,�;.,
<br /> _ - a''t-°-'`":'..�'��. ,� enforcement of the lien:or(c)secures from the holder of'thc lien un agreement sutixfurtory�o Lender subordinating�he lien ---
<br /> ". �" to Ihis Secudty Instrument If Lender determines thut uny purt of the Property is wbjcct to a lien which may uit3in prioriry �_''="�
<br /> �„ ' �.� over this Securily Instrument.Lender muy give Borrower•r notice identifying the lien. Borrower shull gatisfy the lien or take _
<br /> • -r:;, • ; ',;,,�. one or morc of the uctions set forth ulwve within l0 days of the�eiving uf notice. t
<br /> 5. HorArd ar Property Insurance. Borcowcr+hall keep the improvements now cxititing nr herenfter erccted on the ���'.
<br /> ' � Properly insured uguinst loss hy�re,hazurds inrlucied within the term"exlended cuvcr:��e"und uny other hnzurdz,including
<br /> '. � a floads ar flooding, for which l.ender requir+es insuruixe. 7'hi� insurnncc shall bc maimaincd in the umounts und for the
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<br /> , .. Form J028 919e qruxe 1 uJA pugesl 'r-
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