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<br /> �1 7'O(3BTHER WITH ali the improvements now��r hereaRer crected on the property,and ull et►FRments.appurtcnunces, "�,;.��,�;�:.-= '
<br /> and fixtures naw or hereufter u part of the praperty. Al!r�plucements and udditionx shull ulso be cnvered by thi�Security � �•�_:_
<br /> , Insuwnent. Allof the fom�oing is refeme�to in ihis Sccudty Instrument as the"Property." ��� "��`�'�� '�, `�: ,�-`
<br /> . BORROWE�t COV�NANTS thut Boerower is luwfully seiticd af the estate hereby canveyed and hm tlre dght to grunt `"•``` ^:r•''�''•;��°°�-:
<br /> ° and convcy the Property and tfint the Praprrty is unencurnbered,exrept far encumbrunces of recorcl. 8orrower wurtt+s�t�und � ., � '�. �t'$!�.;_.
<br /> wlll defend genemlly the Uele to the Property a�uinst�Il claims and demanda,subject ta uny encumbronces of record. • • ^�`�r:_
<br /> THIS SECURITY WSTRUMENT cambines uniform covenanxs for nutiannl use and non-unlfarm covenants with � ° "
<br /> ,; limited vnriations by jurisdiction to const�tute u uniform securiry I�strument cavering real pmperty. "'��'`"''�'���"`�'
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<br /> UNIF7URM COV ENANTS. Bomower and l.�nder cuvCnunt and��ree u.ti folluws: - � ,
<br /> , _ -_� i. Foysne�at of�e�Cdpal r�nd I�ter�t.PrcP�►Yt�cpt uad I.ate Chssrges. l3ormwer chalt promp3ly pay when duc the - : . _ -. ::'.,. 1.—
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<br /> "' princip�l of ared icncerest on the debt evidenced by the Noie nrtd uny prepayment and lute chnrges due under the Note. . -
<br /> Z. F�mals for 1lt�xes su►d Insurance. Subject to uppli�uble law or to u written wuivcr by Lendcr,Borrawer shall pay to ,
<br /> I.ender on the day monthly payments are dae under the Nate,un61 the Note is paid in full,u sum("�nds")for.(a)yearly -
<br /> ta�ces and assessr.aents �vhich may attain priodry over thns Security Instrument us a lien on the Property: tb) yeariy lesisehold .
<br /> payments or ground rents on the Propeny, if any; (c) yearly hazard or property insurar�ce pmemiu�ns; (d)yearly flood � • . f
<br /> •• � insuraace pre�niwms, if any:te)yearly mortgage insurunce p�emiums, if any;und(� any sums payAble hy Borrower to ,'
<br /> ' "' i.ender.in accordance wlth the provisions of paragraph 8,in lieu of the payment of mortgage insurunce psemiuuns. These . , `�`'��'
<br /> " items an caUed"Escraw Items." Lender may.at su►y nme,collect and hold Funds in sin amoumt not co exceed the maximum .e 4
<br /> amouns a lender for a federally related mortgage loan rnay tequire for Borrower's escrow account umder the federal Real ° � ., •�
<br /> . ° Fstate Settlerrzent Pmcedums Act of 1974 as amended from time co time,12 U.S.C.§2601 et seq.("�tESPA"),unless anotlier � • • ���•
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<br /> law that applies to the Fvnds sets a lessec amoun� If sa. Lender may,�c any time,collect and hold Fl�a►ds ia an amount not to � . :�1�y�
<br /> exceed the lesser amount. Lender may esamate the amount of�ureds due on the basis of curaent deta and masonabte r,i��===
<br /> -� • estiu�ates o6expsnditurrs of future Escrow ltems or otheawise in accon�lance with applicable law. � .,a i°�=;t
<br /> The Ftinds shall be held in an institution whose deposiu are insured by a federal agency. instrumentali;ey,or enSiry ,'•'i::-�_.:
<br /> ,_ (inciuding Lender.if L.ender is such an institudon)or in any Federal Home Loan Bank. L.ender shall apply the�u►ds to Qay ° s .•z* t: sa-
<br /> the Escrow It¢ms. Lender may not charge Borrower ffor holding ared applying the Funds,annu�lly analyzing the esc�+ow '. '',.�
<br /> acxount,or verifying che Fscrow Items, unless Lender pays Bonro�wrr interest on the Funds and applicable !aw permits ,,: ;,
<br /> Lender to maIl:e such a charge. However.Lender may requite Baanx»�rer to pay a one-time charge for an indegendent rea! `:�.`'�''� '
<br /> estate tax r�eporting service used by[.ender in connecpon with this l��n.unless apQlicable law provides otherwise. Unless an '�,; ;•.�.
<br /> � ' • ' agc�ment is rnade or applicable luw requires interest to be paid,Lender shall not be requircd to pay Borruwer azny interest or , ��,� -'`�
<br /> , ;v.,
<br /> eamings on the Funds. Borrower and Lender may agree in v�riting,however.that intec+est shall be paid on the Fu�ds. I.ender �
<br /> '� -' shall give to Bomower.without charge,an annual accounung of the Funds,showing ccedits and debiu to the Funds and tl�e ��`�'"
<br /> , . 'i. purpose for wQuch each debit to the Funds was made. The Funds arm pledged as additional secc:riry for all sums secured by '�`'--
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<br /> this Security Instrument. ,� ��
<br /> � If the Funds held by L,ender exceed the amounts permitted ta be held by a{tplicabie law, I.ender shatl account to ' • r
<br /> _:;;�-� �- - ;:,rrattcc For ihe cxccss�:z.a..° in sccordatsce wi�h the*+eq!�irementc�,f apniicahlr law. If the amount of the Fvnds held by _�'!� �L
<br /> ' '� II.ender at any time is not sufficient to pay the Escron�Items when due,L.ender may so notify Borrower in wrlaing,and in
<br /> � - •. such case Borrower shall pay to Lender the amount necessary to makQ up the deficiency. Bornower shall make up the . ` � •
<br /> '�'"'� deficiency in mo more than twetve month3y payments.at I.ender's sole @iscreuon. �
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<br /> :�,. Upon pavment in full of all sums secured by this Securiry ]nswment,Lender shall prompdy refund to Borrowet any
<br /> Funds held b Lender. If,under ara ra h 21,Lender shal!ac uire or sell the Pro e Lender. nor to the ar uisition or • ���'��
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<br /> " . sale of the Property, shal! apply any Funds held by Lender at the time of ucquisition or sale as a credit against the sums �,�y�"
<br /> secuced by thi s Security Instrument. � :
<br /> ' 3. Applleadon of Payments. Unless applicable law provides otherwise, all paymems received by Lender under • ;. ;�.;�•.a
<br /> paragraphs 1 and 2 shall be applied:first,to any prcpayment charge,due under the Note:second,to amounu payable under •<<,.�,
<br /> paragraph 2;tl�ird,to interest due;fourth,to principal due:and last,to any late charges due under the Note. '4.�;�`;;,j��-
<br /> ' 4. Charges;Ltens. Borrower shall pay all taxes, assessmen�s, charges, fines and impositions attributable to the „ i����'�_�%
<br /> �roperty which may attain priority over this Security Inswrnent,and leasehold payments or gmund nents,if any. Borrower ='�;°-`'`���
<br /> . ' shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on y'��
<br /> • ;�,,;.. time directly to the person owed payment. Borrower shall pmmptly furnish to Lender all notices of amounts to be paid under '
<br /> '' this paragrapFl. lf Borrower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> •.���k�,� the payments. . . ;;).
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<br /> Borrower shall promptly dischatge uny lien which t►as priority ovet this Security Instrument unless Borrower.(a)agrees .
<br /> . in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contesls in good faith the " .
<br /> • lien by,or defends against enforcemer�t of the lien in,legal proceedings which in ihe Lender i opinion operate to prevent the I ,
<br /> '•'� enforcement of the lien;or(c)secums from the ho]der c�f ihe lien an agreement tiuti.fa�tory to Lender subordinating the lien �
<br /> �!����' to this SecuriBy Inswment. If Lender determines that any part of the Property is subject to u lien which may attain priority
<br /> '�, over this Secwrity]nstrument,Lender may give Borrower a aotice identifying the lien. Borrower shall satisfy the lien or take I
<br /> one or more of the actions set forth above within 10 duys uf the giving of notice. �
<br /> > 5. liezard or Progneaty Insurance. Borrower shall kcep the improvement:now cxisting or hereafter erected on the �
<br /> Property insured against]oss by firc,hazardt included within the term "extcnded roverage"and any other h:32ards,including
<br /> ' flaods or flooding,for which Lender requims inrurance. Thix intiuranre shall tx maintained in the amounts :uid for the ,,.
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<br /> Form3028 9190 rl+qee:r,jb��Rr:� ' ,
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