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<br /> _ - � 94- i0irS3.5 -
<br /> TO(iLrf'H�R WiTH dl the impravements naw or iaroa[la�a�ted an the prapary.and�fl areme�ts.�pu�ca,
<br /> �n�i flxtutes raw or haeaAer�p�ct of the pmperty. All�pl�cement�and addidau rlull�la M covabd by 1hi�S�curity
<br /> laswrtient. A!I of tfie fore�oin{io reterred to in thi��ecudly In�wtnent a�tIu"Pruperty."
<br /> BOItROWER COV ENAN'PS tlut BoROwer l�lawtully�cised af the e�tate hercby ca�vcyod and ha�the rl�ht tu�nt
<br /> and convey the P[operty end dut the�+r�penY is unencumbeced,except for etxumbnnces of rccord. Barmwer w�erant��nd
<br /> wiU defend�enerdiy the dtk w the PropenY�i{dn�dl cl�ims�nd dertundti subject a iu►y encumbnnas of rxad.
<br /> - ---� THIS SECURITY 1NSTRUMF.NT rnm�ine► uniform covenants fa nubnal uK And non-uniform coveMunts with
<br /> — limited vufuion�by jurisdlction to constitute a uniform�ecurlry lnswment coverin�te�ti property.
<br /> UNIFORM COVBNANTS. Barower and Lcnder wverwnt and�groe Rs follow�:
<br /> ., -- l. Psymeot ot Pripclp�l aad Interosti 1�WY�nt aad Lats Clur� Bomower shAtl promptlY P�Y whcn duo the
<br /> pcincipal of and Interest on the debt evldenced by the Note atui any prcpayment and lote chArgei due uncler the Note.
<br /> � Z. �nds�or'llucea�nd Inurana. Subject to applicuble law or to i wrltten waiver by L.ender.Borrower s�ull pty to
<br /> -� �� Lender on the day monthly�+s►ymenw are due under the Notc,until thc Nac is ps�d in full.a sum("Flu�ds")for.(�)yeArly
<br /> -- —�--— ta�ces and assessments which m�y atsein prioriry over this Security Insuument as a tien on the Property:(b)yearly leasehold
<br /> --� paYments or ground nnts on the Rnpeny. if any: (c)YearlY hAZ.ard or Property insucanco premiums; (d) Yearly flaod .
<br /> insurmce pnmiums. if any: (c) yearly mortgage insarance pc+cmiums, if any;and(�eny sums payable by Barower to
<br /> Lender, in nccordence with the provisions of parugraph 8, in lieu of the payment of moctgage insurance prcmiums. These
<br /> -.- -- - items u+e called"Escrow Items," Lender may.at any time,collect and hold Fvnds in an umount not w exceed the nwximum
<br /> _ - � � amount a lender for a federally c�el�ted mortgage lonn may require for Borrower's escrow account undcr the foderal Rcul
<br /> •� r� � Estate Setttement Procedures Act af 1974 es amended from tirne to time, l2 U.S.C.�2601 et seq.("RESPA"),unless unott�er
<br /> .:.,��,.� � . law that applies to the}tunds sets a l�sser amount. If so,Lender may,at any t�me,collect and hold Punds in an emount not to _
<br /> "n��°���Nt' exceed the lesser amount. Lcnder may esti►nate thc amount of Funds due on chc basia uf current dwA and reasonable
<br /> �d!:•r.i�:.:;�°:": estimates of expenditures of future Escrow Items or otherwise in accordance with applicable taw.
<br /> ���' ���,;a The Funds shall be held in an institution whose deposits arc insured by a federal agency,inswmentality.or entity
<br /> . (including Lendcr,if l.cndcr is such an instituaon)or in any Federal Home Loan Bank. Lendcr shul!apply the Funds to pay
<br /> � �`"°"'^t°'=^►: �o• the Escrow Items. Lender may not chatge Borrower for halding�nd applying the Funds. annually analyzing the e.urow __
<br /> � ., account, or verifying the Escrow Items,unless Lender puys Bocrower interest on the Funds and applicable law pem►its
<br /> . ` ' `� Lencler to make such A chuge. However,l.ender may require Borcower to pay:�one-time charge for an independent mal
<br /> �:��.� _ , estate tax reponing service used by I.ender in connection with this lo�s►rr►,unless a}►plicable law provides ottierwise. Unless an
<br /> . agrecment is madc or applicabk law requircs interest to be paid,Lendcr shal l not be mquired to pay Botrower any interest or
<br /> � � eamings on the Funds. Barowcr and L.ender may agree in writing,however.that interest shall be paid on thc Funds. Lender
<br /> ,;;:._ . . shall give to Borrower,without charge. an annual accounGng of the Funds, showing cmdits and debits to the Fands and the
<br /> purpose for whirh each debit to the Funds wAS made. The Funds are pledged as additional securiry for all sums securcd by
<br /> -. �._.��----x_---- -_-_- tttis Secnrity Insuument. ,
<br /> •. (f th� Funds held by Lender excecd the amounts pcnnitted to be held by applicable law, Lender shall account to
<br /> Barrower for the excess FUnds in accardanre with the rcquirements of applicable law. If the�unamt of the Funds held by
<br /> " Lender at any time is not sufficient to puy the Escrow [tems when due. Lender may w notify Borrower in writing,and.in
<br /> ' ' ' such case Borrower shall pay to Lender the amount necessary ta muke up the deficiency. Borrower shall make up the Y
<br /> deficicncy in no more than twelve monthly payments,ut LendePs sole discretion.
<br /> _ Upon payment in full of�It sum� secured by this Security Inswment. Lender shull prompdy refund to Borrower any
<br /> ' Funds hcld by Lender. If,undcr paragrrph 21.Lendcr shall acquire or sell the Property,Lender,prior to thc ncquisition or �
<br /> �� salc of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a cmdit against the sums
<br /> secured by this Security lnstrument. �
<br /> r} 3. Application of AaymenRc. Unleti,applicable law provides otherwise. all payments received by Lender under --•
<br /> ara ra hti 1 and 2 shali be a 1►cd:first,to:ui m a ment ch:►r e�due under thc Note:second,to�mounGs payuble under �_
<br /> l., • p" S P � PP� YP PY 6 •
<br /> .`� paragraph 2;third,to intercst due;founh,to prineipal due;und latit,to any late charses due undcr the Note. �;-..
<br /> 4. ChArges; Ltens. Borrowcr shall pay aq taxes, assessments, chargcs. fines and impositions atuibutable to thc Y
<br /> , Property which may uttain priority over this Security Instrument,and Ieu�ehold puymentti or ground rents,if any. Borrower _
<br /> • shall pay these obligationx in the mannrr provided in puragraph 2,or if not p•rid in thut manner,Borrower shall pay them on __
<br /> • time directly to the perxan owcd payment. Borrower shall promptiy furnish to Lcnder all notices of amounts to be paid under ��
<br /> ' this ra ra h. If Barrowcr mnkcti these a ments dirccd Bortower shall rom d fumish to I.ender mcei ts evidencin �_'
<br /> . pa g P P'Y Y• P P Y P S
<br /> thc paymcnts. -
<br /> , Borrower shall prornpNy discharge any licn which has priority over this Security Intitrumcnt unless Borrower.(a)agrcex �,_
<br /> in writing to the payment of thc obligation�ecurcd by thc lien in a manncr acccptabic to Lcnder;(b�contests in good faith the =-
<br /> � lien by,or defendx against entorcement of the lien in.Ie •ri roceedin�s which in che Lendrr'x o inion u rdte to revent the �'`
<br /> F p b P Pe P s-->.
<br /> - enforcement of thc lien; or(c)securcs trom thc hnldcr c�f the lien•rn agrecment satixfactory to Lrnder subordinating the lien ��-•
<br /> to this Security Instr�ment. ff Lender determines that any part of the P�operty is tiubjcct to a lien which may att�in priority :,Y
<br /> over this Security lnswment,Lender m:�y givc Born►wcr a noticc identifyin�the licn. Borcower shall satisfy the lien or talce �,=__
<br /> onc or morc of thc actions set torth abovc within 10 days of thc giving of noticc. ='
<br /> ,l,: 5. Hautrd or Property insurance. Borrowcr xhall kcrp the improvement.now exi�ting on c�n-after erccted an the �-
<br /> rt Pcoperty insured against lo�s by firc,havarJti includcd within the tcrm"extended co��crage"and any other haz•rrds,induding
<br /> i floods or fl�odina, fnr which Lender requires intiur.uice. 'Thi� insurance sball be maintained in the umountc and for the ��
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<br /> ° ` � Form 3028 Sr190 tPuxe 2 nj�i puxral �,' ,
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