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<br /> TOC')ETHER WITH dl the improvan�nt�now or bereafter eroctod on the property.ond all e�nu,appurteiuuice�.
<br /> and fuau�a now oc he�+c+itor a p�tf of the propc�ty. All nplacemaat�and cddidana�h�ll dw be covex�ed by Ihla Securiry
<br /> [nwwnent All oi tho foro�oins IE rofe�+ed co in thi�Securiry[maument iu the"Property."
<br /> BORROWER COVENAN7'S Ihat Horrowa'is I�wfully ai�d of tha cxtatc hercby conveyod and has the d�ht w gtiat
<br /> and convcy tbe Propaty md th�t Iho Property i�unencumbered,except for encumbrar�cei of rocord. Borrower warr�nts st�
<br /> wUl defetwl Qenerally iha dtle ta Iha Pmpcny pgdnct all claims and den�ands.subjxt to any encumMar�ces of rocord.
<br /> '17�pS SECURITY INSTRUM�NT combines unifarm covcnants for nadonal use and non-uaiform covenaula witb
<br /> Iimited variudons by jwi�dlctian to concliiut6 a uniforn�uxuriry insmiment covering renl property.
<br /> LmilFOttM COVENANTS, Bormwer and Lenda'covenant end agrce as follows: when due the
<br /> 1. Pnyment atPrindp�)pnd intenati�PoY�pt and L�te Cbae�a. Boirower shsill promPUY PeY
<br /> p�inci�of and inte�est on�ha dabt evidenccd by the Note and any pnpayment and late charges dao under the Note.
<br /> , �[or lkxa nnd Inpu�nce. Subject to appNcable!aw or to a written waiver by Lmder,Bortowu ahall pay w
<br /> L�tder on the dAy montbly pAymonle an duc undcr the Note. until the Note is paid in full.a sum("Punds") for.(a)yearly
<br /> texes and aasessments which may atlain priarity over this Socuriry Inspvment as a Ilen on the Property:(b)Ycady l�+sehold
<br /> �! paY��a B�� �n�on Iha Propeny. if any: (e) Yearty dazard or PcWxrtY inswence premiums:(d) Yearly fload
<br /> inxunnce p�emiwna,if any; (a)�Yoerly moegage insuronce prcmluma. if any: and (�any sums payabk by Bornnwer to
<br /> Lxmder.in aao�dance wl�h tha�rovieians of paragreph 8.in Ileu of the payment of mongage inswance premiums. These
<br /> items erc celied"E.scrnw Ilems" I.ender may.at any t�me.collect and hold Funda in an amount not to eaceod the nnaaimum
<br /> ..�, amount a lender for a fede�lly nalatad mortgage�oan may require for BoROwer's escrow account under the federal Real
<br /> ' Fstqte Settlement Ptncedures Aot of 1974 as amended from dme to dme.12 U.S.C.�2601 et seq.("RESPA").unless anothcr
<br /> ' ' ' •u �� luw tltat applies to the Fbndc sals e I�aer amoun� If so,L.ender may,at any time.colixt and bold Funds in an amount nat to
<br /> ���"�y'���.+�-,�'+����' exceed ti�e lesser amoun� I.ondar mny e.gdmate the emaunt of FUnda due on the basis of cument daw and neasonable
<br /> '�.�!.i13�••�.l t•F4.�..��
<br /> :s•._,.+•.•,, •�� �: ••. eatimates of eapenditures of fulure Bs�row Iterns or athenvise in accor�idance with applicable law.
<br /> • ��y`*�';,�••;;P^�`-��•� The FLnds shall be hald In an insUwdon whose deposits arc insured by a federal ugency.insqumentality. or eadry
<br /> � .••� (including Lender. ii Lender iR such an inst�tuQan)or in nny F�ederal Home Lonn Bank. Lender shall apply the FUnds ta pay
<br /> ,. ., � _:, � • �he Escrow Items. Lender may not charge Horrower for holding nnd applying the Funds, annually anolyzing the escrow
<br /> �''' � n. � ... "� '�`�. account, or verifying the Escmw Uems,unlesc Lender pays Borrower inter�est on the Fw�ds and applicable law permits
<br /> "'' . N ' " Lender to make such a charga. Hawever.I.ender may reqwre Bortuwer to pay A one-time charge for an independen►reAl
<br /> � esWte tax reporting service used by Lender in co�uiection wilh this loen.unless applicable law provfdes otherwise. UNess an
<br /> � , . � agc+eemcnt is mude ar applicabla Inw rcquires iMcrest to be paid,Lender shall not be requircd to pay Borrawer any interest or
<br /> � • �• � • enrnings on�hc F�nds. Borrowar und Lender may ogrce in wridng,however,thet interest sh�ll be paid on the Funds. L.ender
<br /> •� � shnll give to eorrower.whh�ul charge,un annual uccoun�ing af the Funds.showing credit�and debit�to�he Funds and�he
<br /> �. � � • ' � '�` purpose for which each debit tu�I�o FbtKlF wac made. The rund.c are picdged us additional security for all sums secuned by
<br /> --- ..�E:F�,�::��:..,_r"�, ,�__,"_ ` this Securiry Inswment.
<br /> -- - ,-. — .— If tl►e FY�nds held by undar exceed �he umuuni.i �����t�c�a �4 � nria ny applirable lat�, Lessder st�all account to
<br /> ' Borrower for the exces�Fund�in uccordance with the rcquirememr of applicable luw. If the nmount of Ihe Fl�nds held by
<br /> � �''��.��.� • �, .•�. � Lender at uny time is no�cui'lisiam to puy ihe Escmw I�ems when due,Lendcr moy w notify Bomnwer in wridng,aud.in
<br /> such case Boirower sh�ll�y�� Lander the umount nece��cuy to muke up the deflciency. Borrower shaU make up the
<br /> `s:,,,:,' deficiency in no more than twal��e monthly puyments,at l.�:nder's sole discrction.
<br /> � � .' Upon pnyment in iull of nll�tiumx secured hy this Securily Inslrument,Lender shull promptly refund to Borrower ony
<br /> �� Fl�nds held by l.ender. IL undor pamgmph 21,Lender shall ucquire or xell the Property.Lender,prior to 1he ucquisitian or
<br /> k sulc of 1he Property,shull npply any Fundx held by l.ender ul the lime of ucqui+ilion or sale as a credit against 1he sums
<br /> y,. � • ., � . ticcured by this Security Instrumant. .:,,,
<br /> + 3. Application ol'Paymonl�. Unlc�+ upplirublc luw proviJes othcrwisc, all puymems received by l.ender under
<br /> .7,�' pnragrapha I und 2 sdall be uppllad:fir.4�u uny pn:puyment ch��rgeti duc unJcr the Note;ucond.to umounts paynble under
<br /> ��j � puragr�ph 2;third,to intcrcst dua:fnunh,to prinripul duc:und lu�l.���uny late churges duc undcr the Notc. -
<br /> , ' 4. Charges: Llens. 13ormwcr shull puy all tuxc�, ux,c++ments, rhurgex, finc. suid impoxitionti uttribuwble to the
<br /> ,� ' " • Propeny which m�y anain priorit��over U�i.Securi�y Imwmenl,und Ieu+ehold p�yment,or ground rcnts,if uny. Barrower �
<br /> i. �.:.�� �hull pny�hese ot►ligation�in Ihu munncr pr�►viJeJ in p•rrugr+iph 2.ar if no�p•rid in�hat manner.Borrowcr�hall pay them on "�'
<br /> �''f �`���� time directly to the penon owed paym►m. Burrower,hall pr��mptly fumi�h tu Lcndcr ull nutirc+��f amoun�s to 6e paid under
<br /> ._���„ � �•';;;�', thiti par.►graph. If Bott��wcr mukc.thc�c pLymetNx dircrdy.Borrawer+h��ll prompUy fumish to Lrndcr rcccipt�evidencing
<br /> .�;;�.;,i;: . �h�payments.
<br /> ,; ; Bomiwcr shs�ll promptly di�churgc uny licn a•hirh ha.prii�riry oecr ihi.Srrurity In�trumrnt unlcs�Borrower:la1 s�grecs .�
<br /> • . :,;,r� , in writin�t w the paymenl of the ohlipu�ion,ecurcd by thc lien m u munner acceptuhlr tu Lendcr:lb►c�ntes�s in good fuith the .
<br /> � ;;;.:�r'�!, lien by,ur dafcnJti aguin+�enforcemcm uf the li�n in,IcEal pnxerdinE�whirh in the Lrnder ti opinion operate io prevent U�e
<br /> . '���`••_;.','�� enfurcement of the licn;or(cl�ccurc. fn�m!hr M�likr of ih.licn un ugrcrnunt.uti.t'uclon•tn Lender subonlinuting thc licn
<br /> "�� tn thi�Security In�trumem. If I.cnJcr dc�crniinc.lhal any pan al'Ihr Pr���xny iy�uhjcrt lu u li:n whirh muy attuin priority ,
<br /> a . ' ' � ovcr�his Security In.tn+ment,Lander muy give Burr���ccr a noticc idemil'yin�th�licn. Borro�ver+hall satisfy the lien or wke �
<br /> on�t or moR of the sktivns.ct I'orth utx�vc wilhin 10 Juys�>I'ihr�iving��I'no�irr.
<br /> a S. Hwzprd or Propert��b�surunce. Hurn���rr.hall kcep�hr impru�•�mrn�.nu�►•rxi.ting or hercafter ererted on the �
<br /> : ;.�,`, ^ Propeny inrured ugain.i lu�s by firc,hiir.ord.inrludcJ within�he trmi"extcndrJ ru�crugc"anJ an}•othcr h.uard�,including �
<br /> ; . fluod4 cx Iluoding, liir which Lender reyuirc. in.urance. 7'hi. in.uruncc �hvll ix m�inlainrJ in thN a�m�ums and for lhe '
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<br /> � •,�. Form 3028 9/9D rp�Re 2 u/n p�ges 1
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