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<br /> . 99 � 110006
<br /> TOGETHER WITH all the improvetnents now or hereafter erected on the property, and all easements, appurlenances, anJ
<br /> fixlures now or hereafter a part of the property. All replacemenls and adJitions shall also be covered by this Securily
<br /> Insirument. All of the foregoing is referreJ to in this Security Ins�rument as �he "Proper{y."
<br /> DORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the righl to granl and
<br /> convey the Property a�nd that the Property is unencumbered, except for encumbrances of recurd. [3orrower wurrenls anJ will
<br /> defenJ generally the 1i11e to the Properly agains� all claims and demanJs, subject to any encumbr•rnces of rccord,
<br /> THIS SECURITY INSTRUMEN"I� combines uniform covenanls for national use and non-uniform covenanls wi�h limiled
<br /> varialions by jurisdiction lo conslitule a uniform security inslrument covering real property.
<br /> UNIFORM COVENANTS. Dorrower and Lender covenan� and agree as follows:
<br /> 1. Paymenl of Princlpal and lnterest; Prepayment and Late Charges. Dorrower shall promptly pay when Jue ihc
<br /> principal of and inleresl on lhe debt evidenced by the Note anJ any prepaymen� and late charges due unJer the Note.
<br /> 2. Funds for Taxes and lnsurance. Subject to applicable law or to a wriUen waiver by l.ender, Borrower shall pay lo
<br /> Lender on Ihe day monlhly payments are due under the Note, until Ihe Note is paid in full, n sum ("Punds") lor. (a) yearly laxes
<br /> anJ assessments which may aUain priorily over this Security Instrument as a lien on the Properly; (b) yearly IeaseholJ payments
<br /> or grounJ rents on the Property, if any; (c) yearly hazarJ or properly insurance premiums; (d) yearly flooJ insurance premiums,
<br /> if uny; (e) yearly morlguge iasurance premiums, iF any; und (f) any sums payable by Borrower lo Lender, in accordancc wiih
<br /> the pruvisions l)� �8fU6f8�I1 B, in lieu of the paymenl of mortgage insurance premiums. 7'hese items are called "L:scrow Uems."
<br /> Lender may, at any 1ime, collect and hold Funds in an entount no1 to exceed the maximum amount a lender for e federally
<br /> relateJ mortgage loan m•ry reyuire for porrower's escrow account under the federal Real Gstate SeUlement ProceJures Acl of
<br /> 1974 as amended from time lo Iime, l2 U.S.C. Section 2601 el sey. ("RESPA"), unless another law lhal applies to Ihe Funds
<br /> sets a lesser umount. If so, Lender muy, �1 any time, collect and hold Funds in an emounl not to exceed the lesser nmounl.
<br /> Lender may eslimate Ihe amount of Punds due on lhe basis of current data and reasonable estimates of expendiiures of (uture
<br /> Esc�ow Uems or olherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumen�nlity, or eniiiy
<br /> (including Lender, if Lender is such an inslitution) or in any Federal Home Loan Bank. Lender shall apply Ihe funds to pay �hc
<br /> Escrow llems. Lender may not charge Dorrower for holding anJ applying the Funds, annually analyzing Ihe escrow rccoun�, or
<br /> verifying the Escrow Ilems, unless Lender pays Borrower interest on the Funds and upplicable law permi�s Lender �o make such
<br /> a charge. However, Lender m�y reyuire Dorrower to pay a one•time charge tor an inJependent real estale lux reporting service
<br /> used by Lender in connection with this loan, unless applicable law proviJes otherwise. Unless an agreemen� is made or
<br /> applicable law reyuires interest lo be paid, Lender shall not be reyuired to pay E3orrower any inlerest or earnings on �he Funds.
<br /> Borrower and Lender may agree in wriling, however, Ihel interesl shall be paid on the Funds. Lender shall give to [3orrower,
<br /> wilhout ch•rrge, an annual accounting of the Funds, showing credils and Jebits to the Funds anJ Ihe purpose for which eech
<br /> debil lo Ihe Funds was m:�Je. Thc FunJs are pleJged as aJJiliunal securily for all sums secured by this Securily Inslrumenl.
<br /> It Ihc I�unJs hcld by I.cndcr cxcccd thc �uuuunls permillcd lu bc hcld by upplicablc luw, I.cndcr shull accuunl tu Burruwcr
<br /> for the excess Funds in accorJanee wi16 Ihc rcyuircments uf applicable law. If lhc umount o( the I�unJs hcW Uy l.cnJer al any
<br /> time is nol sufficient Io pay the Escrow Ilems when due, Lender may so nolify I3orrower in wriling, and, in such casc [3orrower
<br /> shall pay to Lender the amount necessary Io make up the deficiency. I3orrower shall make up the deficiency in no more than
<br /> twclve monthly paymenls, at l.ender's sole discrelion.
<br /> Upon paymenl in full of all sums secured by Ihis Security Instrument, Lender shall prompUy refund to Borrower any
<br /> Funds held by Lender. If, under paragraph 2l, Lender shall acyuire or sell the Property, Lender, prior lo the acyuisition or sale
<br /> of lhe Property, shall upply any FunJs helJ by Lender at the time of acyuisition or sale as a credil againsl Ihe sums secured by
<br /> this Security Inslrument.
<br /> 3. Applicalion uf Paymenls. Unless upplicublc law provides otherwise, all payments received by I,ender under para6raphs
<br /> I und 2 shull be upplieJ: first, lu auy prepaymenl charges duc under the Nule; second, lo amounts pnyable unJer �18fJb'f8�I1 2;
<br /> thirJ, to interesl Jue; fourth, lu principal Jue; and tust, to any lale charges due under the Nole.
<br /> 4. Charges; Liens. Dorrower shall pay all taxes, assessments, charges, fines and imposilions atlribulable Io thc Property
<br /> which may attain priority over this Security Inslrument, and leaschold paymenls or ground rents, if any. Dorrower shall pay
<br /> �hese obligalions in Ihe manner proviJed in paragraph 2, or if not paid in that manner, Dorrower shall pay them on �ime direcUy
<br /> lo the person oweJ payment. Borrower sha�l promptly furnish lo Lender all notices of amounts to be paid unJer this paragraph.
<br /> If Uorrower makes Ihese paymenls direcUy, F3orrower shall promptly furnish to Lender receipls evidencing the paymenls.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Inslrument unless Dorrower. (a) agrees in
<br /> writing to Ihe payment of the obligalion secureJ by the lien in a manner acceptable to Lender, (b) conlests in gooJ faith �he licn
<br /> by, or defends against enforcemenl of ihe lien in, legal proceedings which in Ihe LenJer's opinion operele to prevent ihe
<br /> enforcement of Ihe lien; or (c) secures from the holder of the lien an agreement salisfactory to Lender subordinating the licn io
<br /> Ihis Securily Instrument. If Lendcr delermines that uny part u( Ihe Properly is subjecl lo u lien which muy aU•rin priurily over
<br /> this Securily Instrument, Lender may give Borrower a noiice identifying the lien. Borrower shall satis(y the lien or lake one or
<br /> more of Ihe aclions set forlh above within l0 days of the giving of notice.
<br /> , Form 3028 80
<br /> �-BRINEI io��si.oi r.o.s oi e �����.i. �
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