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<br /> �:ie li�cwra now ar t�erafter q p�rt of the PropeRY. All rcplocxmente and odditiona slWl Woo bo coverod by thb Sa�rity
<br /> — Inqnuneiat. All of thc forcgoing is rcferrcd to in this Security In�trument as!he "Prnperty."
<br /> - HORROWER COVENANTS tiwt Borrower is lewfi�lly�eised of the estate hereby conveyod arxl has tho rfght to�rent and
<br /> �q,�- - � comey dre Properly +u�i Qwt ihc i`cop:.rty is uaeaataibened�exc^ep! for encumbrenc�of record. Rnrnnwer warnntr ond wfU �
<br /> defead geaerally Ure dde to�he Property against s�ll claims and demanda, eubJect ta any encumbrances of rasoM.
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<br /> THIS 5ECUR[TY INSTRUMENT combines uniform covenents for netio�wl use and nan-unifotm covennint�with limitod
<br />_ �_ �__�_.... uriedictioa to constitute a uniform secur�ty incwment coverinB rcal p�pertY•
<br /> v�fations bY 1
<br /> ��. UNIFORM COVENANTS.Borrawcr and Lender covenant and agree as fallows:
<br /> : — - - 1. Fay�oa�t of Pe�Clpol w�d Iateresti YrePAYment And I.ste ChwrQe�. Borrowcr Rhall prompdy pay whea due the -
<br /> - � priacipal of aad iaterest oa the debt evidertcod by the Note and any prepuYment end late charga due under the Note.
<br /> .-_:�a`;: ;:
<br /> -� 2. Fhada�or Taxes p a d I a s u r a n��e• Su b jec t t o a p p l i c a b l e l a w o r t o a w r f t t e n w a i v e r b y I.ender. Borrower shall p a y w
<br /> —=o ==�"-a',.�'." ' Leader on the day monthly paymcnts are due under the Note,until the Note ls paid in full,a sum("Funds')for:(a)yearly taxea
<br /> —_-:-,•:�r 5:.;t:
<br /> •`"�"`_ .^,,,.;�,: �, Apd assessments which may attaia priority over this Security Inatrument as a U�n on the Property:(b)Year1Y�easehold paymenta
<br /> �u��':��`""; . , P� Y Y insurance premiums;(d)Yearly flood insurance premiums,
<br />_ �..-i--T,�._:�r;' or ground rents on the Pro rt ,if an ;(c)Yearly twzard or property _
<br /> ` �'�%!�_. � if any;(e)yearly moRgage insurance premiums, if any;and(� any sums payable by Horrower to l.ender, in accordence with
<br /> -�..�;.
<br /> ="_i'�;,,; the provisionc of paragraph B. in lieu of the payment of moAgage insurance premiums.Ti►cAe items ere called "Escrow Items.
<br /> ----• �_ ` • L,ender may, at any time, collect and hold Funds in an amount not to exceeit the meximum amount a lender for a federally
<br /> �;:���:;'..,.,,.::.�.,
<br /> !y�;a�•,�-, related mortgage loan may reyuire for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> `f - --. 1974 as amended from tfine to dme, 12 U.5.C.Section 2601 et seq. ("RFSPA"),unless another law that upplies to the Funds _
<br /> �� -�'• set�a k:xs�:r �nwunt. if so,Lender may, at eny time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> -__ - '_�,�.• � - l.eader mny estimate the amount of Funds due on thc besis of cument data oad rraeoneble esdmates of cxpendltures of fLture _
<br /> � �` Bscrow Items or otherwise in accordence with applicable law.
<br /> -- `�; �'°�'��'' 'fbe Funda shall be hetd in an institution whose dcposjts are insu�+ecl by a federnl egency, instcumenteliry, or entity
<br />' '�-'��'"" V' � (including L.ender,if Lender is such an lnstimtion)ar in eny Federal Home Loan Bank. I.ender shall apply the Funds to pay thc
<br /> -��� � �' • "F � Escrow Items.Lender may not cbarge Borrower for holding and applying the Funds.annually analyzing the escrow account,or
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<br />`.�:-�•.. w�~•• �� verffying the Escrow Items,unless Lender pays Borcower interest on the Funds and applicablc law permits Lender to malce such
<br /> __F�;� YM• � • e charge.However, i.ender may require Borrawer to pay a one-time chargc for an independent real estate tax reporting scrvicc
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<br /> i^►��:. ,�_ .,. , � usod by I.ender in connection with this loan, unless applicable Iaw provides othenvisc. Unless an agrccment is made or
<br />- ""�` a'- "� applicable law requires interest ta be paid,L.cndcr shall not hc required to pay Borcower any interest or carnings on the Funds.
<br /> --�w� ±"- `'a,." Horrower and L.ender may agree in writing, however, that interest shall be paid on the Funds.[.ender shell give to Borrower,
<br /> -�-"r� ' •' without c e. an annual eccounting of the Funds,ahowing ct�edits und debits to the Funds and the purpose for which cach
<br /> <�`+�� ° , �'���_-_�+.__ debit to the Funds wac made. The Funds are pledged as addilional security ior ull sums secured by this Security Instrument.
<br /> �,'�'-��,. :r.�' -. If the Fuads held by Lender exceed the amounts permitted to be held by applicabte iaw.I.ender shall account to BurruwCr
<br /> '-�-��� � *^R for the eacess Funds in accordance with the rcquirements of applicable law. If the sunount of t6e Funds held by Lender at any
<br /> .. A..
<br /> � • time is not sufficient to pay the 8scrow Items when due,Lender may so notify BoROwer in writing,and,in such case Borrower c
<br />•�-�• ���, � • . ehall pay to I.ender the amount necessary to ma1:e up the def iciency. Borrower shall m�ke up the deficiency in no more than
<br /> � ''' "�� � . ' twelve monthly payments.ut I.ender's sole discretion.
<br /> ' ' . " Upon payment in full of nll sums secured by this Security Instrument, [.ender shaU pramptly refund to Borrower any
<br /> ' ^ •'��`�' Funds hcld by i.ender.!f,undcr pumgrnph 21,L.ender sh�ll acyuirc or scll�he Property.L.ender,prior to the acquisition or sale _
<br />..':��� ` - . �� .;, of the Property, shall epply any Funds held by L.ender ut the time of acquisition or sale as a crcdit against the sums secured by
<br /> -` this Secudty Inattument.
<br /> �? �� 3.Applicatlon ot Paymeats.Unlcss applicctble law provides otherwise,ull payments received by Lender under paragraphs
<br /> ;;;~ . '���' � 1 and 2 shall be npplied: first,to any prepayment charges due under the Note; second, m amounts payablc under parngraph 2;
<br /> = Y"�;� .. thitd.to interest due;fourth, to principal duc;and last,to uny lute chnrges due under the Note.
<br />- ! °•�°• ` q,Ch�uges;Liena. Borrower shall pay ull taxes,ussessments. chargex, Pincs and impositions attributable to the Property
<br /> "' �'' '�"-"'"� -�.. which may attain pr�odty ovcr this Security Instrument. and lensehold paymcnts ar ground rcnts,if any. Born►wer shall pay
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<br /> y•`� „ .�` these obligations in the manner providal in pura�raph 2,or if not paid in that manner,Borrower shall pay them on timc directly
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<br />- `,��`' to the person owed�,ayment. Borrower shall promptly furnish to[.cndcr all noticcs uf umounts ta bc puid undcr this paragraph.
<br /> : � :' _ . If Borrower makes these payments d inrdy. B orniwer s hu l l promp t ly f u m i s h t o L c n d e r r c c e i p t s c v i d c n c i n g t h e p a y m e n t s. _
<br /> -- � � Borrower shnll pron�ptly discharge uny licn which has priority over this Sxurity Tnstrument unless Borrower: (a)agrees in .
<br /> _-' 'c�'' � :'_. . ° , writing to the payment of the obligation secured by the lien in u nu►nner acceptu6le to L.:nder;(b)contests in goad faith the lien _
<br />�:�-.•• '���< ° �.., �" by, or defends against enforcement of thc licn in, Icgul praccalings which in tt�c L.enJer's opinion operatc to pr+event the
<br /> .. enforcement of the lien; or(c)securcs from thc halder uf the licn an agr�xment wtisfuctory ro Lender subordinating the lien to
<br /> " • this Security lnstmment. If l.ender detcrmines thut uny paA of thc Property is subj�xt w u lien which may atts�in priority over
<br /> , °� this Security Instrument, Lender mAy givc Born�wcr u notice identifying thc licn. Burrowcr,hall satisfy the licn nr take one or
<br /> more of the actions set fonh abovc within IU Juyx ot'thc giving uf notice.
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<br /> � Form 3028 9190
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