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<br /> ; �t'OOeTHBA wm�tl�the improvemonu now or Ua+a(►.r aroaed on the prope�ty. .nd d►a.ament�.appwtaw�on.und
<br /> flztue+a now ar here�hcr � prt of the property. All npl�oMnenu �nd additlau �Full dw be onvend by tbla Srau�iq�
<br /> Ia�wma�t.All of tite foe+eQdn�i�referrod to in thb Secueity Irotrurna�t�u the"�Y.«
<br /> � Bt1RROWBR COVBNAN'1'S that Borrowec i�IawA�lly rei�ed ot the awe hereby conveyed�nd ha�tbe rl�bt w�{rant�rd
<br /> , oonvey the Property md tiut the Property i�unencumberod� excq�t for a�cumbauKx+ of rocord. Aorrawar wuramt�ad wW
<br /> defend�e�erally the title t�the Prapeny�Wrut ati ctaimic arwf demand+.sabjmct to any encumbru�ce+of recons.
<br /> THI5 SF�URITY INS'I`RUM�NT oombinec unlform cnvena�ui for m►daul use uxl�wn•unifom�cuvawur yvltb limited
<br /> vuiations by juri�dicilon to aon�titutc a unlform sa�u�fty irotnunent cavedn�red DtopertY•
<br /> -- UNICd'1RM COVENANTS. Horn�wer�nd I.andcr mverumt ttd�roe u folluwr:
<br /> - —�� 1. Payment ot Frladpd aad later+ati !'rbp�7meat and Lde CMarN+. Borrower �11 promptlY PAY when due tbe
<br /> pdncip�l of and intercu on the deM sviden�xd by qK Note and anY PnWY���1�ch�r�es due undet the Note.
<br /> 2.Fbnd�tar Taxea u�d Insurana. Subjxt ta�pplic�!¢law or to K written waiver by Lender. 8omawer aull pay w
<br /> , l,ender on the day month�y payments are due under thc Notc,until the Note ia paid in full,a cum("Funds")fo�:(�)yarly taaa
<br /> and aues�cments which may attafn pdority over this Security In�trvment as o Nen un the PropeRy:(b)yearly leaiehold p�yma�tt
<br /> or graund rcntc an the Prnpecty,if any:(c)yeuly ha•rard or prczperty inwrmce premiums:(d)yearly fload inwranve prcmium�,
<br /> if any:(e)YeArly mortguge inwrance premfums, if any:and(�anY sum+PnY�ble by Barrower to l.ender.in aa;ord�na wlth
<br /> � the provisions of paragruph 8.in Iicu of the p�yment of mortgaye insu�ncc prcmiums.1'hcsc Items ue c�l�od "8acror►' Itertu►•�
<br /> Lender may. at a��y time,collxt �nd hold Funds in an amount nat to excoed the maximum armunt a lender for a federally
<br /> ' relatad rn�rtgage laan may require for Barrawer's ercrow accaunt under the foderal Real F.�tate SetNement Procedures Act of
<br /> -�r� 1974 a+amended from time to time, t2 U.S.C. Section 2�'OI et seq.("RFSPA"), unless arother law thAt�pplies to the F�inds
<br /> sets a lesser xmonnt. If so, C,ender muy, At any time, �bllxt aid hold Funds in an amount nol to ezceal the lesse�amount.
<br /> Lender may estimatc thc amount of Funds duc on the b�is of current data and reasonable actimvte�of expenditura of futuro
<br /> Escrow Items or othcrnise in accordancc with applicablc law.
<br />- Thc Funds shall be held in an institudon whose dcposits are insured by a federa! agency. instcume�t�lity, or entity
<br /> (including Lender, if Lender is such un institution)or ia�ny Federal Home Loan Bank. Lender shall apply thc Funds to pay the
<br /> � L�scrow Items. I.ender may not charge Horcower for holding ond applying thc Funds,�nnuatly analyzing the escrrw acmunt.or
<br /> • ( verifying the Escrow ltems,unless I.ender pays Borrower interest on the Funds and applicable law permits l.ender to make such
<br /> � Ia charge. However. I.endcr may roquire Bonower to pay a one-timc charge for nn indcpendent rcul estate tax reporting servioe
<br /> , usa! by L.ender in connection with this loan, unless applicable luw provides otherwise. Unless an agreemen[ is made or
<br />- a ' � applicable Iaw requires interest to be paid. Lender shull not bc required to pay Borrower any interest or wmings on the Funds.
<br /> " � ` Borrower and I.ender may agree in writing, howevcr,thut interest shall be paiJ on the Funds. Lender shall give to Borrower,
<br /> without charge, an annual arcounting of the FunJs, shawing crodits and debits to the Fuods and the purpose for which each
<br /> - ,.}�,.,,,_;...~, .,..•-;,.. � debft to ttu F�nds��as mada The Funds srs plcdoc�d ns acditinnxl c�xurity for all sums secured by this Security lactntment.
<br /> •,,.-;�-•::- � . � lf the Funds held by I.ender exceed the amounts permitted to be held by upplicable law. Lencier shall account ro Borrower
<br />; � • . � ' ' for the excess Funds in uccordance with the requirements of applicable law. If the umount of the Funds held by L.ender at any
<br /> ' . • • • time is not sufficient to pay thc Escrow Items when due,Lender n�ay w notify Borrower in writing.nnd,in su:h case Borrower
<br /> • ' � �. ; shall pay to Lender the nmount necessary to make up the deflciency. Borrower shall make up the deftciency in no more tt�n
<br /> . � �� ; twclve monthly paymcnts,at l.cndcr's�olc discrction.
<br /> � : � Upon payment in full of all sums tiecured by this Securiry Instrument, l.endcr shall promptly rcfund to Borrower any
<br /> �'`" " Funds held by Lendcr.Tf,under paragraph 21, l.cnder shrll urquire or sell the Pmperty, I.ender,prior ta the acquisition ar sale
<br /> ' � � � ', ' of the Property,shall upply any Funds held by I.ender at the time of acquisition or sale s+s a credit against the sums securetl by �
<br /> y-� this Sccurity Instrument.
<br /> _� 3.Application of Payments.Unles�upplicahlc law provideti otherwise,all puyments rexeivaf by L.encier under paragraphs
<br /> , 1 und 2 shall bc upplied: first,to uny prepaymcnt chargey duc undcr thc Note; sccnnd, to amounts payable under paragraph 2;
<br /> .� third,to interest due:fourth, to principul due;•rnd la.rt,to uny late charges due undcr the N��te.
<br />• • � 1," 4. Char�es; I.iens. Biirrower shall pay aU taxc�,ussessmentti,chargcs,fines��xi impositions nttributable to the F'roperty
<br /> � which may attain priority ovcr thi�Security In�trument, and Ieaschold paymentti i�r gruunJ rents, if any. Borrower shall pay
<br /> � � these ohligutions in the tnannrr provided in p•rragruph 2,or ii'nut paid in ihat manncr,Borrowcr shall puy thern on time dirccdy __
<br />_ to the perscin owed puynunt. &>rr��N•cr tihall promptly furni.h to LenJc�all nnticcti of•rmountti t��tx�paid undcr this paragraph.
<br /> If Bormwer make�thex p�rytixnt�directl��, Hurruw•rr tihall promptly furni+h to Lcnder rrrciptti evidencing the payments.
<br /> , Bonower shs�ll promptly discharge any licn whirh hati priurity ovcr thiti Scrurity Imtrument unle+s&ttrower. (a)ugrees in
<br /> , writing tu the payment�if the obliguti�in.rcur�d b��the licn in a mannrr acccptahle tu Lendcr: lb)runtc�ts in goai faith the lien
<br /> . � by, or dcfends against rnti�rccmcnt ��f thr licn in. Irgal pr�xr�ding� which in thr Lrnd�r'. opiniun i�peratc tc� prevcnt thc
<br /> • i"' ,. cnforccmcnt of thc licn: or Icl s�curr�frum thc holdcr of thc licn un agrcemrnt +ati�l;irt�,ry t�, Ixndcr tiuhordinating thc lirn to �
<br />- , this Sccurity Imtrumcnt. If Lender deterrninr. that any purt nf thc Pr�ipert}� i+ �uhject to a licn which may attain prii�riry uver -
<br />'- this Security In.trununt. Lrndcr may giv� Iiurra��rr a nuticc idrntifying�hr lirn. kiun•�,wcr,hall,uti.t'y thc lirn ur takc one or s�:
<br /> , � more of thc artiun,.et li�rch ubovc within 10 day+of thc gi�in�uf notic�. �
<br /> � „ Fam 30Z8 �I�O �_.
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