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<br /> � - — TO(iBTHER W1TH c�ll the lmprovamenls aow or I�enatter erected on the propetty.end alt easements.appurtenunce9. �'
<br /> - end Satures now ar hereafter a pari of the property. AU replacements und ad6ldons shN!also be covered by thia Security
<br /> — Instrumen� All of the foregolug is referred t�in thia 3ecurity instrunient aa tlt4"Property."
<br /> — - -----_—� BflRRO'VVHR C4VBNANTS that Bnrrower ie Inwf+�Uy selaed of the estate 6enby conveyed and has the rlgttt to gsent
<br /> -- and convay the Property and that the Property is unancumbered.except for encumbcances of recoid. Barower wanarits and �
<br /> ' — --- wlll defend geaernily tha title ta the Property against all clatms and demanda.subject ta eny eacumbrancrs of record.
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<br /> --- — THIS S�CURITY INSTRUMENT combiaea uniform coveaenta for natlonal use snd non•unlform covenants �
<br /> limiud variationa by jurisdicdon to consdtute a uaffartn secu*�ty tasuument covering reat property.
<br /> UNIFORM COVBNANTS. Bomower aad Lender covanent aad og►ea us followa:
<br />� �;p 1. Paymeat o�t PrtncipAl�ad Interesti�PaYmeat and Lste Chuges. Borrower shaU pmmpdy pay when due the
<br />_ princlpal of und iaterest on the debt ovIdenced by the Note and any prepuyment and late chargea duo under the Note.
<br /> • 2. F�nds for 71�zes and Iaguri►noe. Subject to appUcable law or to a wiitten weiver by Lender.Borrower shail pay to
<br />, �-•,f. Lender on tha day monthty payments are dua uader the Note.undl the Note la patd in fWl,a sum("Funds")for.(a)yearly
<br /> - taxes and assessments which may attein prIorlty over this Securlry Insmuueni as a Ifen oa tde Property;(b)YeariY leasebold
<br /> paymcnts or ground renta on the Prope�ty,if any: (c) Yearly heierd or property Ineurance premiums: (d) Yearly tlaod
<br /> . insurance premiums, if aay:(e)yearly mortgage insurence premtums,if any; aad(�eny sums payable by Bomower tn
<br />�� , Lender,in accotdance with tlie pmvislons of paragcaph 8,in Iteu of thep�yment of mortgage insurance premlums. '1liese
<br /> , icems ere cailed"Nscrow Items." Lender may,at eny time,collect and hold F1mds in an amount not to exceet!the meximwn
<br /> ,�'?�` amount a tender for a federaqy rclated inort�age loan may requlre for Homnwer's escrow acc.�uat under the federal Real
<br /> ��'�;;�e: Estato Se�lement Procedures Act af 1974 as amended fmm tlme to time,l2 U.S.C.$2601 et seq.�'RESPA"),unless another
<br /> - •��'-�.���.;r., law mat appties eo�he Funds sec�a lesser umuunG If�,,ix�►��r u;ay.at any timc.co1lcct and hotd FYmds In aa amount not to - -
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<br /> ,�►�,;�.. .,,,,•.;:,- exceed the lesser emoun� Leader may esdmate the amoant of Funds due on the besis of cunerit data and ressonable
<br /> • estimates of exp•ndit�rea of future Escrow Items or otherwise in accordance with appltcable law.
<br /> �' The Funds shall be held in an instltudon whose deposits are insumd by a federal agency,instmmentelity.ar endty --
<br /> • • � ''� �-:� (including Lender.if Lender ia such an insdtucion)or in any pederel Home Losn Bank. I.ender ahall apply the Fl�nds to pay
<br /> .. ' the Escrow Items. Lender may nat charge Sotrower for holdmg and applyIng the Funds,annually analyzIns the esaow -
<br /> ' accaun�or verifyIng the Escroti�Itesns, unless Lender pays Borrower interest an the Pbnds and applicable law permlts --
<br /> .. � LPnder to make such a cherge. However.Lender may rcqwre Boaower to pay a one-time charge for an Independeat retsl ___
<br />_ o , ,; � estate tex reporting servico used by Lender in connectlon with this loan,unless spplicable law provIdes otherwise. UnIess an ��_
<br /> ' •• agmement is made or applicable law requines interest to be paid,Lcnder shall not be required to pay Barrower aay intet�est or
<br /> .. �� eamings on the Funds. Borrower and i.ender may agree in wdting,however.that interest shall be paid on the Ftinds. Lender _�__
<br /> ' �� shall give to Bomower,without charge,an annual accounting of the Funda, showing crectits and deblts to the Funda end the —
<br /> -- — guc�wse for which each dshit to che FLnd�was mede. The FUnds arc pledAed as addiflonal securIry for all sums secured by �_�;;,
<br /> this Security Inswmeut. n"`-
<br /> ' -. ,. If the Fiinds held by Lender exceed the amounts permitted to be held by appllcuble law, Lender shall account to =—
<br /> • . Borrower for the excess Funds in accordance with the requicements of applicablc law. If the amount of the Funds held by _
<br /> . ' I.ender et any dme is not sufficient to pay the Escrc�w Items when due,Lender may so notify Borrower in wrlting,and,in _ -
<br /> such�ase Borrower shall pay ta Lender the amount necessary to make up the deficlency. Borrower shall make up the
<br /> deficiency in no more then twelve monthty paymen[s,at Lender's sole ciinc:►etiou.
<br /> • Upon payment In fuU af all sums secured by this Secudty Insuument. Lender shall prompdy refund to Borrower any
<br />- � FLnds held by Lender. If.under paragraph 21,Lender shall acqutre or sell the Property,Lender,prior to the acquistdon or
<br /> sule of tlie Properry.shall apply any FUnds held by i.ender at the time of acquistdon or sale ns a credit ageinst the sums
<br /> , secumd by this Security Instrument.
<br /> ��• 3. Applicadon of Poyments. Unless applicnble Inw provIdes otherwise,all paymenG4 received by L.ender under
<br /> � � " parag��uphs 1 and 2 shall be applied: first. to any prepnyment charges duc under the Note;second,to amounts payable under
<br /> � paragruph 2;third.to interest due;fourth,to principal due;und►utit,to any late charges due under the Note. .
<br /> 4. Charges; Liens. Borrowcr shull puy nll taxes, assessments,charges, fines and impositlons amibutable to the °
<br /> ' , � Property which may attain priority over this Securtty Instrument,und Icasehold pnyments or ground mnts,if any. Dorrower
<br /> � shail pay these obligutions in the mnnner provided in paragrnph 2,or if not puid in thut manner.Borrowcr shall pay them on
<br /> ' � tlme direcQy to thc penon owed payment. Borrowcr shuil promptly fumish to Lender utl notices of amounts co be paid under
<br /> this paragraph. If Borrower makes these pnyments directly.Bormwer shnll promptly furnish to Lender mceipts evtdencing
<br /> � thc payments.
<br /> Borrower sha11 promptty dischur�e uny Iicn whtch ha+priority nvcr this Scrurity lnstrument unless Borrower:(a)agrces
<br /> � ,ti. in wdting to thc payment of the obligution secured by the ticn in u manncr acceptablc to I.endcr;(b)contests in good faith the
<br /> • � lien by.or defends against enforcement of thc lien in,lc�al procccdings which in thc Lendcr+opinion operatc to prcvent the
<br /> enforcement of the lien;or(c)secureti from the holder of thc lien nn ugteeme�it satisfuctory to Lcnder subordinating the lien
<br /> � to this Security Instrument. If Lender dete,mines that uny part nf thc Property is subject to a lien which muy attain priority
<br /> • ov�r thfs Secudty Inswment,Lender may givc Borrower u nnticc identifying the lien. Borrowcr shull satisfy the lien or take
<br /> ' ' one or more of the a�ttans set forth above within!0 days of the givtng of noticc.
<br /> . 5. Hezard or Property Insurance. f3orcoa�cr shull kcep thc improvemcnts now existing on c�rcaftcr erccted on thc
<br /> �, • , Property insured agdinst loss by firc,huzurds included within the term"extended coveruge"und uny other h�ards,inciuding
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<br /> , flonds or flooding, for which Lender rcquires insurance. This insurance shall Ix muintuined in the amounts und for the
<br /> Fornt 3028 9190 f/x�Re 2 nJ6/wgasl
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