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<br />" TOC3�TE1�R WITH atl the improvemente now a1 heteuftcr erected on the proparty,snd uil easementa�eppurt�nunces,
<br />�' and flxturea now ot hereatter u pnrt of th�pmperty �►11 repiaceme�ts and uddltlona shai!•nlao be covend by thie 3ecurity
<br /> `�� Inswmen� All of the foregoing is refecred to In this Security Iastrument as the"F'ropecty."
<br />= — BORROWER COVENANTS thut Borrower Ie lawfully sels�d of the estate hereby conveyed nnd h�s tho dght w grant '
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<br />=r. nnd convey the P�operty and that the l�roperty is unencumbered.except for encumbraucea of recard. Borrow�er warranta snd
<br />�_ • "•� will defend�enerelly the dtle W the Property sgainst all clsims and demands,subject to any encumbrances of record.
<br /> T;� THI3 SBCURITY INSTRIJMENT combinea uniform covenants for national use and non•unlform covenanta wtth �
<br /> t. , limtted verfadona by jurisdlcHon to constitute a unifortn security insuument covering real properiy.
<br /> `� r • UNIFORM COVENAIVTS. Borrower and Lender covenant and agree as followa:
<br /> ''"'�`�''� l. I4tyment of Prtudpel And WteresK PreW►yment nnd Late Charges. Boaower shalt mm d pay when dae the
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<br /> :: ., . ',.':�'i� rIncipal of and intemst on the debt evidenced b the Note and an re ment and late char es due under the Note.
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<br /> .. �:i°��`'T.' '' '`" 2. Fw►ds[or'lbixes attd Iasuraace. Subject w applicable law or to a written waiver by I.ender,Boaower shall pay w
<br /> "���,." '� I.,eeder on theday monthly payments are due under the Nate.und!thc Note is p�id in full,a sum( Funds )for.(a)yearly --- -------_--- _.
<br /> �" ; -�rr-�.° � taues and assessmenta wh[ch may attaln pdortty over this Security Inauument ea a lien on tbe Property;(b)yearly Icasehold �
<br /> r' • payments or ground renta on the Property, if eny� (c) yearly hazard or property Insurance pntsmiums; (d) yearly tlood =_ _
<br /> , , ° insurance premiums,if any:(e)yearly mortgage insurance premiums, if eny;and(�any sums payable by Sorrower to --
<br /> � � Lender,in acwrdance wIth the provigtons of para�raph 8,in lieu of the payment of mortsage insurance premiums. These __
<br /> , ' '� . ltems are called"Escrow Ite�ms." l.ender may,at any time,collect and hold Funds in an amount not to exceed the maxi�num :i,:__._
<br /> �. ` �� amount a lender for a federally related mortgage laan may require for Borrower's escrow sccaunt under the federal Real _ __ -
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<br /> ?-:.:,•;__.____ _:._� Estate Settlement Pracedures Act of 1974 as amended From time to dme, 12 U.S.C.§2601 etseq.("RESPA").unless another ��_— `--
<br /> # law that applies to the Ftmds sets a lesser amount. tt eo,i.ender may,at any nme,collec�and huid Fu�►�lu an amannt nat ta
<br /> exceed the laser amount. L.ender may esdmate the amount of Fbnds due on the basis of cutrent datu and reasonable �w `�• �
<br /> esdmates of expendltures of future E.ccrow Items or othenvIse in accordence wlth anplicable law. ' {"__ ___
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<br /> The Fundc sheU be held in an institution whose deposits are inaured by a federal agency.instrumentality. or entiry :. -=
<br /> ' (including Lender.if Lender is such an insHtuuon)or in any Federal Homc i.oan Bank. L.ender shall apply the Funds ta pay :���;:
<br /> the Escrow Items. Lender may not ch�rge Bonower for holding und applying the FUnds,annually analyztng the escrow '�� ; ;��
<br /> . account, or vedfying the Escrow Items. uniess Lender pays Borrower interest on the F7unds and applicable law permits ,�,�:,.:��,::�
<br /> � L.ender to make such a charge. However.Lender may require Hoaower to pay a one-time charge for an independent real
<br /> estate tax reporting service used by Lender in connection with this loan,unless applicable law provides otherwise. Unless an �"�°°��
<br /> �' agrexment fs made or upplicable law requires interest to be paid,Lender shall not be nequired to pay Borrower any interest or : _
<br /> eamtngs on the Funds. Borrower and Lender may agree ln writing,however,that tnterest shall bc puid on the Funds. L.ender ,��,,��
<br /> shall give to Borrower.wlthout churge,an annunl accounting of the�nds,showin�credits and debitg to the Funds and the �, ' ��--=
<br /> -- -"--"----`--- purpase for which cacb debit to the�unds was made. The F!mdc nre gledged ac uddiHonal security for all sums secured by _
<br /> this Security Instrument. • �--
<br /> �i' If the F�nds heid by Lender exceed the amounGc permitted to be held by appllcable law, Lender shall account to -
<br /> � Borrower for the excess Funds in uccordunce w(th the requirements of applicable law. if the amount of the Funds held by :�x--_
<br /> . Lender at any time is not sufficient to pay the Escraw Items when duc, I.ender may so notify Bonower in writing,and.In '
<br /> ' such case Borrower shull pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the -
<br /> � . deficiency in no more than twelve monthly puyments,at Lender's sole discretton. • �;-
<br /> Upon payment in full of all xums secumd by this Security In,trument,L.ender shall promptly refund to Borrower an� , .�,.
<br /> Funds held by Lender. If,under paragruph 21,Lender shull acquire ar sell the Property, Lender.pcior to the acquisitlon or
<br /> sale of d�e Properry, shall apply any Funds hcld by Lendcr at the time of ucquisitton or sale as a cmdit as�inst the sums . �, ,•.—
<br /> '.: secured by this Security Insuument. `� �
<br /> 3. Appitcation of Payments. Unles� applicuble !aw provides otherwixe, ull payments received by L.ender under �+�C.��
<br /> ' para�raphs 1 end 2 shall be applied:first,to any prepuyment charges due under the Note: cecond.to nmounts payable under 1�,�
<br /> ` . paragraph 2;third,to Interest due;fourth,to pdncipul duc:und last,to any late chnrges due under the Note. s;�jr;�
<br /> 4. Charges;Liens. Borrower shuil puy ull tuxes, ussessmenG�, charges, fines und impositions attributable to the •� 'y�
<br /> - Property which mny attain priority over thi�Sccurity Instrumcnt,nnd Icaschold puyments or ground rents,if any. Borrower ��
<br /> � shall pay thes��hligations in thc manner provided in purngruph 2.or if not puid in that munner,Borrower shall pay them on
<br /> � , time directly to the person owed payment. Borrower shaq promptly fumish to Lender utl notices of amounts to be puid unde� -_-=___•
<br /> this paragraph. If 8orrower makes these pnyments directly.Borrower shall pramptly furnish to Lender receipts evidencing
<br /> the payments. � �
<br /> ' Borrower shall promptly dischurge any lien which hus priority over this Sccuriry Instcument unless Bonower:(a)a�rees '• '
<br /> in writing to the payment of the obligation secumd by the lien in a manner ncceptuble to Lender;(b)contes45 in good faith the
<br /> lien Uy,or defends against cnforcement of thc lien in,legal procredingc which in the Lender s opinion operate to prevent tl►e � - ••- .- . -.
<br /> enforcement of the lien;or(c).ecures fram thc holder of thc licn un agrcement satisfactory to Lender subordinating the lien f "
<br /> to this Securiry Instrument. If Lender determines thut uny part of the Propeny i�subject to u lien which may uttsun priority
<br /> ` � over this Security lnstrumcnt,Lender may�ivc Borrower a notice identifying thc lien. Borrower shall satisfy the lien or take
<br /> one or more of the actions set forth s►bove within iQ days of the giving of notice.
<br /> 5. Ha�srd or Property Insurance. Borrowcr shnll kecp the impmvemcnts nnw existing or hercafter erected on the
<br /> Pcoperty insured against loss by fire,hsuards included within the tertn"extcnded covcr.+ge"and any other hazards,including
<br /> t]oods or tlooding,for which Lender requiR.insurancc This inxurance shall he maintained in the umounts and for the �
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<br /> Form 3028 9I90 IpaXe 2 aj6 pa�eci !
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