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<br /> ro�BTHBie VvrTH�I�.tha improvm�nu noW or he�•t��eaea on the propaty�ma.0 wanaw. �pp�aunoa�.na
<br /> N�tturea taw or heroafter � pal oP Ute prq�tY. AQ � �I additbta �ludl dw be covaod by thl� SaoueUy
<br /> �mcnt.All of the forcgain$i�r�sfarred w fn this Socudty 7ro�tnanad i�t��"Fn�pe�ty.'
<br /> BORROWBR COVBNAMit"J tbat Horrower is lawfully�ehed of the catua herebY oonveYed�d ha��hi0���O Q��
<br /> convey tha Propeny and thwt tha Prope:rty ia une�umberod. eac�ept fbr mcumbranca of reoo�d. 8orrower wa�u��ad wW
<br /> drfend Senemlly the titlR w tha PropertY a�i�ut all cl�inu ud denwnds�wbject w any encumbranoe�of roco�d.
<br /> THIS SECURITY INATRUMBNT combine�uniform covenonte for national u�e pnd non-uniform wvawu�with lind�ed
<br /> vn�i�tlons by)uricdictian to conpitu�a a unifarm�ecudty in�trument wverfng real property.
<br /> � UNiFORM COVENANTS.Hrn�rawerend Lendercove��a����°��wer shell pmmptly p�y when due 1he
<br /> +�� 1. Payment oi Principwli and Inteeicti �WY� �nt and late charges duc under tha Note.
<br /> pcincipal of and interest an tba debt cvidcnced by the Note and any prepay
<br /> � 2. Funds[or Tnxes and�Tn�urance•Subjxt ta sppliaable law or to a wrinen wa�ver by l.ender. Bortower ahall pay w
<br /> Lender on the day monihly paymcnls are due under 1he Note.until the Note is paid in full,a sum("Funds") far: (a)yearly taxes
<br /> �� uxl assessments which may att�in priority over thiR Seruriry instrument as a lien on the Property;(b)YeadY�easehol�paymer►ta
<br /> � ar ground rents on the Property�.if any:(c?Yearly ha�ard or PropertY insurance premiums:(d)Yem'ly flood insurance premium4.
<br /> ! . • if any: (e)Yearly martgage inourance premiums, if any:and(f)any aums payable by Barrower to l.ender, in accordance with
<br /> � '• the provisions of parngraph 8. in lieu of the payment of martga$c inaurance premiums.These items are called"Escrow Items."
<br /> ' Lender mey. at t►ny tlme, callect and hoid Funds in an amount not to oxcxed the maximum amount a lenckr for a federaUy
<br /> „o,:�.,. ,. ,,:.�.
<br /> ��:•. „ ;h�� related mottgage loen may req{uire for Borcuwer's escrow acoount under the federal Rcal Fstate Settlement Procedums Act o
<br /> j•.`;';�s:.:�� ;,` ;��<,•,,.,����:��s�?��2�'" 19?4 es amended from time w time. 12 U.S.C.Section 2601 et seg. ("RPSPA"). unless anothcr law that applies to the Funda
<br /> ' �"a''''���':�j';ira:�:��•�
<br /> '��,;'.;;�,�;.•�` + �.;�.,;;' "� ,,;,,��t aets a lesser amount. If so, L.endBr may,at any time, collect and hold Funds in an amount not to excced�he lesser amount.
<br /> ' ���'':' , ;.'�„''a'�;�,? .�'µ :.k, L,ender mey estimete thc amaunt of Funds due on the basis of curnent data end reasuneble estimates of expenditures of fL�ure
<br /> �` '��`�. � j°� Fac�uw Iterus or otl�envlsa in acccrndance with applicable law.
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<br /> ' '� ``�r�'��?;��'..''�'�.�:.':. The Funds shall be held�in•an inetitutfon whose de aits are insurecl by a federal agency, instrumentality. or ent ty
<br /> ,. .� ._, �
<br /> ��a,�::�1..�-.?•_-•,'r�;Y� � (including Lender,if I.ender iR euch an inF�ituNon)or in any Federul Home Loan sank.I.ender shall apply the Funds to pay�he
<br /> ^ '•' • Escrow Remg. Ixnder muy n�t oharge BoR�wer for holding und epplyina tne Funds,annually analyxing the escraw Account,or
<br /> _ . . .. ,..,, ... '
<br /> '� . • verifying the�vcmw UemK,unlesa I..ender puyK Banower intere:�t nn the Funds ond upplicuble law permil� Lenler to muke such
<br /> "��� ,, .� ' . ����.V" a charge. Howcver, l.cndcr muy�equirc&�rrawcr to pay a anc-time churgc fiir un indcpendent real e�+tale ta�reporting scrvice
<br /> :,.r' �� •�.�"� � � usod by Lender in c�nnec�i�m wilh thih laun, unlesx upplicable luw p�ovi�ks ��therwisce. Unless An pgreement i� made or
<br /> • �� ' h `;: �,� .,-r� ; applkuble law rcquirca imere.r�tn i�paiJ,I.endcr,rhall nc�t t+c reyuireJ lo puy&►rn►wcr uny interest or earninga on the Funds.
<br /> � � , ' Sorreswrr sssd ixnder mtey agm�in wrii+ng. hawcvcr. thut intcrest xhall bc puiJ on�he Funds. t.ender xhull give to Borrc�wer.
<br /> � withcwt ebnrge, an annual uccounting of�he futKiw, xhowi�g creditx and debits t��the Fund�and the purpose for which eaeh
<br /> ^ °_ �� � . .:. •.' � debit tu Ihe Fw�d�wa+�made.The Funds are plixlged r.y:uiditfnnu!security t'ar ull sumx wcured by this Secudty Instrument.
<br /> � • If the Fundc held by I.endoc axceed the umoun��permittal u�bc held by applicable law,I.ender shall acmunt to Borrower
<br /> � for the exce�x Fundc in uccotrlunua with thc rcyuiremernK af applicublc luw. If thc umount of the Fund�held by I.ender at eny
<br /> ' '� �`� time is not suPficient to puy the Tssumw I�ems whcn duc,l.endcr mny so natify&�rrower in writfng,and,in such case Borrower
<br /> t � shull pay tu Lender the umount naaeweury to muke up the deficiency. Borrower shall make up the deficiency in na more lhan
<br /> �� "�0•' �:�'� twelve monthly payments.ut I..ondar'K solc discretion.
<br /> �� ` ' . ""� Upon payment in full ��f ull �ums serurcif by this Security Instrument, l.ender shall promptly refund tn Borrower any
<br /> , '. ',;.
<br /> ° ;�,. Funds held by l.ender. If.undor puragraph Z I.Lender xhull acquire or+e0 �he Pmperty,Lender,prior to the acquisition or sale .}
<br /> ,'• . ' . `;��.;;;,,`�•, of the Propeny, shull upply uny FundK held By L.endcr ut thc time��f acqui�itinn ar sale as a credit against Ihe sums secured by
<br /> "��'�� this Sccurity Inctrumcnt.
<br /> �'�•': ;,r�.'�",� 3.AppUcatian of PeymoMe� Unle��upplicuble luw prcwidcti��thcrwi�e,ull paymcnts received by Lender under para€raphs
<br /> ��:�., �
<br /> ':..vtr..�vs.t W�:.:...:,
<br /> �, �'� — ••-�•���r r, 1 und 2 shull hc applicd: first, �o any prepuynxnt churgc.duc undcr the Notc: +ecnnJ, t��umounts paynble under parngraph 2;
<br /> !' ��• �� ' third,to interest duc:liwnh,to prin4ipul Juc:•rnd lu�t, w any lute churgc�due uadcr�he N�ne.
<br /> ' � 4.CharRes: I.ienK. Borrr►wur+hull pi�y ull tuxc�. ussc.smentti, rhargc+. finc.u�xl imp�nitionx nttribulable to the Pmperty
<br /> .�.;��,;;��.
<br /> ��'�::� ! 1 �- : ° which may nitain priuri�y u��cr ihir+Sccuri�y In,�rumrn�, unJ {w.�fiu{d paynknt� or�ri,und rent,. if uny.&►rrower shull puy
<br /> . r , ��•�'•? these ubligution.in the manner ptv�eidcd in pur��ruph ?,or il'n��t puid in th•rt munner, &�rrower rhull pay them an time direcUy
<br /> . ; �:,'.:;` to Ihe pcnon rnved puymcni. Bnrm���cr tihall pr��mpUy I'urnish tu l.rndcr all n�,tirc.�H'amuunts to be paid under thiti paragraph.
<br /> �'' .'....,..•�;;;;'';.:.. � [f&�rruwcr makc�the�r paymcntr:Li:�ctly. Bornnti•cr�hnl1 �+r,�,�p�ly fnmi.h a�t.endcr r�ccipt+cvidcnring the puyments.
<br /> . �;'�::'r �� &�rn,wcr shall prump�ly ditirhuruc uny licn whirh hu�pri��rity�►�•cr thi�Srrurit�• Imtrunxnt unlc�s B�rrowcr: lu)uFrec�in :,
<br /> ''r 1.,1`r ..
<br /> • . ' writin�to�hc pa�•mcnt of ihc�►bligmion scrured by Ilu licn in a munnrr arc�pluMc to lAnJcr,ih)r�mtc+t+ in F�xxl tuith the licn �'�
<br /> 1 � , .
<br /> .','' , by, or defenJ+ uguimt enli►rccmanl ul'the lirn in. Ic�ul pr�nceJing,w hirh in thc Lcndcr'. ��pinion��perute to prevem the
<br /> � cnfiircemcnt of tl�r licn:��r Icl�ecun'.frum 1hc h��ldrr��I thc lirn an agrecmrnl.ali.l;ir�ory �u LrnJer tiutmnlinating the lien to .L
<br /> � this Security In,irumm�t. II Lender dutenninc�thal an� p:irt af thr Prv,�nrt� i. .uhjcrt lo a licn whirh ma}•rttain pri��rily over
<br /> - this Sccuriry butrumcm. Lrndcr mu�� gi��r fi„rr����cr a iH��i.•r iJrmif�in� thr li.�n H��rrm�cr.h�dl ,;iti,f��thc lirn��r tuke onc nr
<br /> ��` '. j� ;,�� more of the Actiom,ct li►nl�uhuvo wilhin IU Ja��ul�hc En�m�ul n�nirr.
<br /> ' T '�,:•.�� Form 3028 8l80
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