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<br /> TO(IETHF.R WITH nll thc improvanents naw or hotraftr.�erocted on the property. and�ll owements.�pputteru�rrcec.+ud
<br /> fixturcs now or herc�fter �part of the property. All repl�cements �nd �dditions �hall da be ooverod by thi� Sacurily
<br /> Imuument. Alt af thc forcgoin�is rcferred ta in thi�Serurlty Inuniment�s the'Propeny."
<br /> BORROWER COVENANI'S th�t Bor►ower i�Iawfully sei�od af the estue hercby oonveyad and hu the ri�ht M�nu�t and
<br /> cvnvey thc Praperty�nd chs�the Pn�prny Is urKncumberod. eacopt far encumbru�ce,��f rea►nd. Horrowcr wyrc�tM�rnd wfll
<br /> defa�d Yeneally the tftle to thc Prq�crty���in�t all clrfm►w�d dem+u�d�.wbja�t to�ny encumbrancea of►ceord.
<br /> THIS S�CURITY INSTR�IMGNT cambinac unifarm covrn+u�tr 1'or n�tional use and oon-unifomt oova�us with limlted
<br /> - va�tions byjurisdiction to rnn+uitute�uniform secudty irWrument oovedn�real propeny.
<br /> - — (lNIfOR1�J CIJVENANI'S.Bonowcr and Lcndcr covenant and agtrc as foilows:
<br /> l. P�ya�t ot Pr(ucip�l �ad Interesti Pr�ePryu�eat Nad l.ate �6�r�es. Isotrower stwl! prompdY WY when due the
<br /> p�incipu!uf and intere�t on the debt evidcnoed by the Nae�nd any prcpgyment and Iste chu�a�due under the Note.
<br /> 2. I�und� tor T�xa�nd Idwrtnce.Subjxt tn�plicable law ur to a written waiver by Lender.Borrower stwll pay w
<br /> L.erder an tlx dyy nwnthly p+ymcnts arc duc uncler tf►c Nate,uotil the Na1e js p�id in full.�sum('Funds')for.(a)ya�rly uxa
<br /> w�d assessments which mry attain priority aver this Socurity Inatniment ss x lien on the Property;(b)yarly le�selwld payments
<br /> - -- — or grouncf rents on the Pmpeny,if any:(c)yeurly hazard or property insurance prcmiums:(d)yarly(lood inwrance prcaniums,
<br /> if any; (e►yeuly nxxtgage insurrnce premiums, if any;Lnd (�ar►y sums pYyable by Borrower ro I.ander. in�conl�nce wlih
<br /> the pravisions af paragraph 8, in lien of the paymcnt of mortgage insurance premiums.These items ar�e callad "F.�crow Itema.'
<br /> Lender may,at any time, collect and hnld Funds in an amount nat to excoed the maximum amount a lender for a fodernlly
<br /> reluod mortgage Icwn may roquire far Bormwer's escraw xcount under the faieral Rwl Estata Satlanent Prncaiures Act of
<br /> 1973 a.c arricniod from time ro time. 12 U.S.C.Section 26Q1 et seq. ("RESPA"),unlas aiwther law tlwt applies to the Funds
<br /> r.ets a lesser a�nount. If so. Lender may, at any tinx,calloct and hold Funds in an iunount not to exoeed the lesser artiount.
<br /> .�}~ L.ender may c.c[imate the�nwunt of Funds due on the basis of current data ud reau�bie e�tim�ta uf expenditures of future
<br /> Escrow Items or otherwise en Accordancr wilh applicable law.
<br /> Thc Funds shall bc held in sr► institution whose deposits arc insurod by a federal agency, instrumenulity, or cntity
<br /> " " ' {i�xluding Lcnder,if Lender i.such an institution)or in•rny Federal Home Loan Bank.l.ender shall apply the Funds ta pay the
<br /> Escmw Items. [.ender may nat charge Borrawer for holding and applying the Fund�,annually analyzing the escrow account.or
<br /> � vcrifying thc Exrow Items,unless Lender puyti Borcowcr intcrest on the Funds and�pplicable law pemiitx Lendcr to makc such
<br /> a charge. However, Lendcr may mquirc Borrowcr to p�y a anc•time rharge far an indcpendent rcal estatc taz repoRing scrvice
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<br /> used by L.ender in connection with this lo:in, unless applic�blc Iaw provides othcrwise. Unless un �greemcnt is made or
<br />, � "••.�.,_ upplicable law requires interett to be paid,I.endcr shall rxx be rcquirod to pay Borcower any intercst or carnings on thc Funds.
<br /> � ' .gc,�+���:�s� Borrower and L.ender may agree in writing, howcvcr,that interest shall be paid on the Funds. l.ender shall give to Borrower,
<br /> "`';'•�':� : ' " without charge, an annual accounting of the Funds, showing crcdits and dehits to the Funds:u�d the purpose for which e�ch
<br /> ;�•:-�i�'r••;-ST„�� �Sc�bii iu ii�a FuiKi,wa.i r�ie.3'he Furx�is ar�:pt��ig�3 a�a.iditi.,�t�.�u�cy r�f�a�� �vm;��s�y tt�is�ri:y s�:;irumcat.
<br /> •- � •° - If the Funds held by L.ender exceed the amount�permitted to be held by applicable law. L.ender shall acecwnt to Bormwer
<br /> � �� ' for the exees+Fu�xl�in accorJun�e with the requirenxnts uf applicablc law. If the am�wat of the Funds held by I..ender at any
<br /> " �,.�.�..• timc is not,ufticicnt ici pay the Escrow Itemti when duc,I.cnder muy�n�►tify&�rrowcr in writing,and,in wch carc Borrowcr
<br /> � � shall pay to Lender the am�unt necessury G�make up the deticiency. Borrc►wer �hall make up the deticieney in no morc thun
<br /> , twclvc nxmthly paymcnts,at I.encicr'x udc diuretion.
<br /> , • , . Upon paynxnt in fuU ��f all +um. xrurcd by thi. S�tiuriry [n+trument. Lc►klcr tih•rll promptiy refund to&�nower any
<br /> � '• ` Funds held by Lender. If,u�xlrr par.�graph 21, l.rndcr tih�ll acyuire or ycl!the Pru�rty. Lcndcr,prinr to the acqui�ition or sale
<br /> of thc Property, �hull apply any FunJ+held by Lcndcr at thc time of aryui,ition��r s:tle at a credit against thc sum��ecured by
<br /> _-�. .,.�.. .... � .... this Sccurity Instrament.
<br /> ' 3.Applkallon of Payments.Unlc��applirablc luw provide.othcrK•i��,all paynkntti rcreivcd by Le�xicr mxler p�ragraphs
<br /> �" 1 a�xi 3 shall t+c�appliai:fcrst, to any prepaymcrt rh•rrgcy duc u►xlcr[hr N�itr: kruixf,to anN�unts payublc unJcr purugraph 2:
<br /> �� third,to intcrc,t duc:fcwnh,tu prinripal dur:and la.t,to any latc rhurgc.�luc wxier thc Notr.
<br /> . 4.Clwr��w: I.icns. &�aowcr tihall pay ull tax��.a..c,timcnt,.rhar�:c�. lin�ti and im�xisitiom aurihutablc to thc Property
<br /> a•hich may :ntuin priuriry ��ver thi. Srrurit�� hi,trmnent. and Iea,cholct p•ryment�or grautxl rents. if any. Borrower shrll pay
<br /> thesc uhligution.in thc manncr provided in paragraph 2,or if not paid in that mannrr.&ircowcr�hall pay thcm on timi:dircctly
<br /> tu thc peruro uwrJ paymm�t.Burruarr,hall prumptly furni.h tu Lcndcr all noti�c+of'amount.to tx:paid under this parrgraph.
<br /> 1 f&�rrower make,thexc payment+direrNy.&�rr���eer,h�l l prumptly furni.h tu LenJcr rrreipt,evidencing the payments.
<br /> � Borrowcr,hull promptly Jiuhargr un}• licn whirh hati pricrcity uvrr thi.Srrunty Intitn�ment unlcs�Bnrmwer: (al ugrce�in
<br /> , �'� � w•riting t��the payment af thr��hli�atiun urumd h��the Iirn in u manner arreptaMe tu[x�xicr; (b)ronte+h in g�xxi f'aith�he lien
<br /> hy,c�r defr�xi� again+t enti�rccment ��f lhc lien in. Iegal prcxeedingti whirh in thr I.Lnder'. opinion operate t�i prcvent the
<br /> •• rnfnrccmcnt of'thc lic�r,nr (c► �rrurc.fnnn thr holdcr of tho licn an aprccnunt ,atitifactar��tu I.endcr sutx�rdinating thc licn to
<br /> • - thi�Sccuriry Intitrument. 11'LrnJrr drtrrminr. thcn any pan�if the Pro�xny is whject tci a lirn which muy attain priority over
<br /> � thiti Srrurity Ir.�trument. Lc�xicr may gi��e Burrau•cr a n��ticc iJcntitying thr licn. &irrow•cr shall wtisfy the lien or take one or
<br /> = rnurc at'the actions srt li�rth atxwc within 10 day.of thc gi�•ing��f txnirc.
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<br /> • � Fam 3028 �!!0
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