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<br /> - -------- -= TOOETH�R W1TH ail the improvements now or hereaftcr er�tcd on the prapeny,und ult cascmentfl,appurtenancrs.nnd
<br /> `��"'= c' f�xtures naw or hereafter a part of the property. All replacementa wid udditions shatl alsa be cavered by this Sccurity _—-_— ___._.
<br /> _- .�� _..
<br /> Instrument. Ail of the foregoing is rcferred ta in thi�Secudty Instrument aa thc"Property."
<br /> ',:.�� y BORROWER COVBNANTS that Bunower is lawfully seised of the estate hereby canveyed And hc+R the right to grnnt and
<br /> �:� convey the Propeny artd Ihat the Property ix unencumbered.except far encumbrances af recard. Bormwer werrunte nnd will
<br /> - -2 - ` -----�`=�--� defend generatiy the titie to the Praperty a�alnst all cta{n�.r w�d�ie�uu�►ds.bU{�jCL'I(U itily CtICUItlI1Tt111CCJ 6•f ir.�uni. - -
<br /> �`' L � .�`���. . THIS SFCURiTY IPJSTRUMBNT combincs uniform covenuntR far naUonal use and non-unifarm cc�venants wtth Umited _
<br /> ' varistians by jurisdiction to constitute a unifarm sa;urity ir�xtrumm�t cavering real property. �
<br /> �$� UNIFORM COVENANTS.8ottower and Lender covenent and agree as followe:
<br /> � �.:���"' .�::, � 1. Payment of Principai and interest; Prepaynsent and I.ate Charges. Barrawer shall promptly pay when due the
<br /> �����;>`�`�"`�� principal af and interest on the debt evidenced by the Note and any prepayment and late rharg�due undcr the Note.
<br /> ' '�'��;°� . ,� . 2.Funds for Taxes and Insurance. Subject ta applicable law or to a written waiver by I.ender, Borrower shall pay w
<br /> I ��,�:w:.':, � � ' l.ender on the day monthly payments are due under the Note.until the Notc is paid in full.a sum("Punds")far:(a)yearly taaes
<br /> _ ,�r,.:,.._ . �•..��.�'��` and assessments which may attain prlorfty over this Security InatNment as a lien an the Property;tb}yearly leasct�old payments
<br /> �tix� " .:' .. or�raund rents on the Property,if any:(c)yearly hszard or property insurance premiums;(d)yearly fla�d inaurance premium.g�
<br /> � �.'. , if any: (e)yearly mortgage insurance premiums, if any; and(fl any sums payuble by Borrower to I.end�r,in accordance wlth
<br /> /! 4 .,� ^ . the provisions af paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are calte8'Escro�v Items."
<br /> �� ��:,. . I.ender may,at uny time, collect and hotd Funds in an amount not to exceed the maxtmum amount a lender for a federally
<br /> , �t '; � ,. '� � related mortgage loan may require for Borrower's escrow uccount under the federal Real Estate Settlement Proceduc�es Act of
<br /> •' �, � � 1974 a5 emended from time to time, 12 U.S.C.Sectian 2601 et seq. ("RESPA").unless enother law that applfes to the Funda
<br /> °- ----�------ - - - sets a icsser umount. If so, Lender may, a[any time, cotlext und huid Funcis in an antount nut tu excee�i ti�e tessar mrn�dnt. ° --
<br /> j.. • I.ender may �stimate the arnount of Funds due on the basis of cunent data and reasonable estimates of expenditures of future
<br /> ' .. � • Escrow items or otherwise in accordance with appUcable law.
<br /> � .., _� The Funds shAll be held in an institutton whose deposits are insured by a federal agency, instrumentality. �t endty —
<br /> " (including L.ender,if Lender is such an institutian)or in any Federal Home Loan Bank.L.ender shaU apply the Fun9s to pay the
<br /> '� ' ` . Escrow Items.I.ender may not chur�c Borrower for holding and applying the Funds.annusily analyzing the escrow account,or
<br /> • .. verifying the Escrow Items,unless I,endcr puys Borrawcr intcrest on the Funds and applicable Inw permits I.cnder to make such
<br /> , a charge, However. Lender may require Borr�wer to pay a one-time charge for an independent real estate tsx report(ng servioe
<br /> �. used by Lendcr in rnnnertinn with this loun, unletis upplicable luw pravides otherwise. Unless an a�re�ment is made or
<br /> �� • � - � applicabie law requires interest to he�aid, 1 cnder�hHll nnt he rcquireci tn pay B�rrower any interest or eamings on the Fands.
<br /> � _--
<br /> � ' " Borrower and L.endcr rnay agrce in writing,however,that interest sha:l be puid on the Funds. Lender shall glve to Baaower. —
<br /> , , ` without charge, an Annual uccounting nf the Funds, showing credus and debns to ti�e Hunds and the purpose far which each " - -
<br /> ' debit to thc Funds wus criadc.Thc Funds are plcdgcd as udditinnul securlty for all sums secured by this Secudty Instrument.
<br /> If the Funds heid by I.ender excrrJ ti►e a�nuunts permitted tu bet he1J by upplicuble tuw, lxnder shuU accuunt tu Horrower - __ -
<br /> { , for the excess Funds in uccorciunce with the requircmcnts of applicable law. If the amount of the Funds held by Lender at any -W---�-�
<br /> ���:�._._
<br /> timc is not sufficicnt to pay thc E�crow Itcros when duc, L.cndcr muy so notitp Boi•rower in writing,and,in such case Barrower ��-�ti,.
<br /> ' • shall pAy to I.ender the amount nece�.uq� to make up the deficiency. Borrower shull make up the deficiency in no more than '.�.��r.�':
<br /> . ., twelve manthly paynxnts, nt Lendcr's snle diticretion. :
<br /> Upon paymcnt in full of alt sums ticeurcd by thi� Security Intitrununt, Lcndcr shall promptly rcfund to Borrowcr any
<br /> � ' Funds held by Lender. If, undcr purugraph 2!, [.emder sliull acyuirc cir ticll tlic Nroperty.L.cnder,prior to the acquisition or sale ' ';�
<br /> • of the Propeny. shull�pply uny Fundc held by Lendrr at thr timc cif uryuitiitiun nr�t�ic as a credit against the surns,ecured My °
<br /> � , this Security Instrumcnt. �`•
<br /> � � 3.Appll��ution of Payments. Unles�upplicuhlc luw provide+��thrrwi,c,ull paymentti received by Lender under paragraphs ' �'-�,.
<br /> . �, . .. 1 und 2 tihull bc upplicd: �rst, to any prcpaymcnt churgcs duc und�r thc Natc; sc�ond,ta urnounts pnyublc undcr paragraph 2; ;�
<br /> third, ta intcretit duc;fc+urth,ta principul duc: and lutit,tu uny lutc churgc+duc undcr thc Notr. ••
<br /> - ....:.-. - �.Char�es:Gien.r, R��rru�arr,hail pay� all taxe�.a�tic��mcnt�.clsargcti. fine;and im�x�tiitian.r attrihutahte te�the Property .
<br /> ' � which nmy uttain prioriry ovcr thiti Scrurity Inrtrumcnt, und Iru.rholJ payment,ur gn�und r�ntti, if uny. Bcincnvcr shall pay
<br /> ' thesc c�bli�utions in thc manncr pruvid�d in paragraph 2.��r if not paiJ in thut nuumcr. B��rruwcr�hull pay thcm on timc direcdy
<br /> , to the pcnon owcJ paynunt.Bc,rrowcr�liull primiptly furni,h tu LcnJ�r all noticc,of amount,to bc paid undcr this puragraph.
<br /> � if Borrowcr makcs thc+r paymcnts dimrtly. Bc�rroNrr tihall prumptly furni�h tu Lr�xlrr rcecipt.c�•idcnrin�!th�paynknt�, ^
<br /> Burrowcr sh�ll pr��mptly Ji,rhur�r.�ny lirn N�hirli h.�.pricirity u�•rr thiti 5c�:urity in.trumcnt unlc�.Burrowc�:(al agrcrti in .
<br /> writing ta thc puymcm af thc��hliguticm ucurcd hy th►licn in a numner arr�plablc tu I.rndrr:�bl cuntr�t. ia g�M�d I'aith thc licn
<br /> by, i�r dcfends ugain.t cntimcment ut'thr lien in. Ic�:ul prureeJinN, aliich in thr Lrndcr'� upiniun u�ratc ti� prevcnt thc
<br /> , � ` euforrement of the licn:ur lcl tierurc� from thr halJcr uf thr lien un a�recmcnt �ati.turtury to LenJcr .ubardinating thc li�n tu
<br /> this Sccurity Imtrumcnt. !f lAndrr dctrrminc. that:m�• part��t tlic Pm�xrty i+•ubjrrt tu a licn ahicl� mu} attain priurity c�vcr
<br /> ' this Security Instrununt. LcnJer mu} giee R�urrnrer u noticc idrntit�ying thr lien. Burra��cr�hall�ati.tj•the licn ur takr unr or
<br /> . , morc of thc urtion.�ct fiirth ahu�•c�cithin 10 uay�uf thr giving af nutirc.
<br /> ►
<br /> ' • Form 3028 8190
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