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<br /> ' ` ��•► 1p5''�'73
<br /> '�'OCiF.TH�R W[TH c►1t th�improvcmer+ts now on c�rcaRec cr�tod on the pmperty.et�d atl esseme�U.appurterwurres.++�
<br /> flxtures notiv un c�rcaftcr a part ��f�hG prn�ny. All rr.nlnccincnis :md :�dditinns xhidl also hc covcrcQ by this Security
<br /> _ [nstrun�ent.Aii��f thc faregning is refcrrd ta in�his Securjty Instrunx��t«s tt�c"Nruperty."
<br /> $013ttqW�[t COVBNANTS tt�ut B�,rrower is IawlLlly acised ot thc cstatc hcreby cnnveyod firxi lirs thc rlght tcs grmit�uxi
<br /> convcy the Praperty end that the Property is uneneumbered,except for enicumbrertc:ev uf rccurtl. iiurrowtr warcunt�nnd wi11
<br /> defend genemlty the Ntle ta thu I'�aperty against ull aiaims and denwi�is.nuhjcct[u uny encumhrairces e�f record.
<br /> THiS S�CUlitTY INSTRUMENT combitxs uniCortv M�venants Por na�tlonal ur.e and non-unifurm cuvcnanty with limtrod
<br /> �--=-------- --- _� varint�ons by judsdir�ion tn con�titatP n t�nifornt Fe�^tiriry in�imrtrerti�rverin�rea�propeny. ...;_-
<br /> d1NIFORM COVENANTS.Botrower and I.crxkr covcnant und agrec us fof lows:
<br /> 1. 1'�yment oY Princlpa! tnd Inter�t; H+epyment ptN) l,�te Cha�es. Bc�rcower shull promptly pu)• when due tho
<br /> --- — princjpal of unJ interest on the debt evidenced by thc Nutc nnd any Rrcp�ymcnt and lute chsuge�dac undcr the Notc.
<br /> Z.�nds for Taxes und It►turance. Subjat to appltcublG luw or ta U written wniver by I.ender, Born►wei shall pay to
<br />- - Lender on the day monthly payments an due under the Note,until the Note is paid in full.n sum("Funds")for:(a)yc:uty tnxes
<br /> -�_--
<br /> --- —
<br /> ° and essc�smcnts which may ett�in prio�ity ovcr thifi Sccurity Ins��umcnt as a tien un iicc Frupcity:i�3 yauiY tca.�tio � �u�.�-it� _ --
<br /> - or ground rents on the Property,if any;(c)yearly hazArd or property insurance premiums:(d)yeurly flood insumnm premi�rt►s.
<br /> P`� if any;(e)yearly mortguge insumnce premiuuns,if nny;nnd(�uny sums payablc by Borrower to I.ender. in nccord.�nrc witt�
<br /> i� the provislons of pamgmph 8. in lieu of the payment of mortgage insurance premiums.These ttems are called"Escrow Items."
<br /> ' L.cuder mgy. at uny timc. collect and hold Runds in un amount nat to exceal the maximum arttount:► lender for a fe�cratly
<br /> • � related mortgage loan may require for Bor�ower's escrow axount under the fcdernl Real Estate Settlement Procetiures Act af
<br /> �`` 1974 us sunended Gom time to time. 12 U.S.C.Sectton 2601 et seq.("RESPA"),unless another law thnt appNes to the Funds
<br /> sets a lesser uuiuunt. [f so. I.ender m:►y. ut any tir►�e. Wllctit u�nl irotai Fuuds i��ain amount not to caccc�i�he lesssr aas�us3t. �-
<br /> - 4en�ler muy estimate the amount of Funds due on the basis of curnent duta and reasonable estimates of expertditures of futurc
<br /> Fscrow Items or otherwise in accordance with upplicable luw.
<br /> The Funds shall be held in an institution whose deposiu are insured by a fedcral agency, instrumentalfty. or enttty
<br /> (includins Lender.if l.ender is such nn institution)or in any Federal Home Lqan Bank.Lender shall apply the Fands to puy the
<br /> Escrow Items. I,.ender may not churge Bonower for holding and npplyi ng the Funds,annuuily unalyzi�g tho eszrow Accaunt,or
<br /> verifying the Fscrow Items.w�less Lender puys Borrower interest on the Furtds and upplicable law permits Lecder to make such
<br /> u charge. However,Lender may require Borrower to pay a one•time charge for an independent real estate t;ix reporting sQrvice
<br /> used by Lender in connection with this loan.unless upplicable law provides otherwise. Unless an s►�reement is made or
<br /> ' applicable inw requires interest to be paid.l,endcr shull not be required to pay Borrower uny interest ar earni�igs on the Funds.
<br /> - � ' Bonower and Lcnder raay agree in writing.hawever. that interest shall be paid on the Fttrtds. Ixnder shall give to Borrowzr.
<br /> , _ ' �" , �,�. , wittrin►t ci�orgc,an annuai accounti�aF tha �'ands,si�owtng cr-�tiu:�d dtbit.� ta t!►c Fu�and the pssr�os� fnr wtti�h e�ct!
<br /> �nt;��"!�- . � debit to the Funds was made.The Funds am pledged as udditionul security forali sums�ecured by this Security Instrument.
<br /> •�� If the Funds held by Lender excced the amoun�s pemnitted to be held by upplicable law, L.ender shall ucrnunt to Borrower
<br />- ".n � �4��� : . a
<br /> '"n ;,:�••,'t�.�;�„ r for the excess Funds in accordance with the requtrements of uppHcable law. lf the amount of the Funds held by l.ender at any __
<br /> • �,,�.s5�!�r-t; � -
<br /> , ����,,�;.,TM��,�,�� time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in w�iting,und,in such cuse Borrower ___
<br /> a* • �,�,.,�:(�'i shall pay to Lender the amount necessary to make up the de6ciency. Borrower shall maFce up the deficiency in no more than �--
<br /> a�� '�`''�5 twelve monthly paymenu,ut Lender's sole discmtion. ��:-
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<br /> . �.•� •, ��„�t� �<< Upun payment in full of all sums securcxl by this Securiry Instrument,L.ender xhall promptly refund to Borro�ver nny •-_
<br />• '•� ' �• "" Funds held by Lender. If,under psiragraph 21. Lender shall ucquire or sell the Propeny.C.ender,prior w the ucyuisition or sale �,�_
<br />_ � �y�.'�' . of the Pt+aperty.shnll apply any Funds held by Lender at the titne of ncquisitan or wle us u credit aguinst the sums secured by r,': _
<br /> :%:�.. !�[,.»�:F�.� this Security Instrument.
<br /> �� :s�� 3.Appl[cation of Payments. Unless applicublc law provides otherwise,uU payments rcceived by Lender under parn�raphs _ _
<br /> . �" ,:�� :t'��" 1 and 2 shall be a lied: first, to an re a ment char es due under the Notc: �cond,to amounts a able under .�ru ra b 2: �'
<br /> .. ' ,.,�,��:., PP Y P P Y B P Y P' E P
<br /> �,�-'��,�.,.,�.,;;�, third.to interest due;fourth,to principal due; and last.to any late charges due under the Note. �
<br /> �'�"' ' �''- 4.Cha es; Lfet�.Bonower shail d all taxc+.:usc�sments,char eti fincs and im initions uttri6utablc to thc Pmperty
<br />. �;v�,�,x�;�„•;�:;•�. . rb P'Y S •� P � .,
<br /> : ��;�'�-' "�i'.'. , which may uttain prIority over this Security Instrument, :u►d Iwsehold payment,��r ground rents, if any. Borrower shaU pay
<br />.. " � .{..``�:�4a�.�.
<br /> ..%;;�=-�'''''��` �j� these obligations tn the munner provided in parngraph 2,o�if not paid in thc.t manner, Borrower shall pay thcm on time directly
<br /> '�'�. :� '"� '' ' to the rson owed a ment.Borrower shail mm tl fumish to Lender a�l no[iccs of:unounts to be uid under this ara ra h.
<br /> ,,. , Pe PY P PY P P � P
<br /> - " - If Horrower mukes these payments directly.Bormwer,halt promptly furnish to Lender receipts evidencing the payments.
<br />' ��:. _�..,,�. ;�,•� .� Borrower shall promptly discharge any lien which has priority over this Sccurity Instrument unless Bonower:(a)a�rees in .
<br /> ' '"`•' �''�� '' writing to the payment of the obii�ation secunrd by the lien in u munner accepwbie to LeRder: (b)contests in good faith the lien
<br /> � '�•��Y� by, or defends against enforcement of the lien in, legal proceeciingti which in the Lender'� opinion uperate to pmvent the
<br /> , i�`~'��`�'� �� enforrement of the lien;or(c) secures fr�m the hc►�der of the lien an agrecmrnt satisfuca�ry t� Lender tiubordinating;he lien to
<br /> �4�t°" � �� this Security Instrument. If I.ender determines thut any part of the Prciperty is �ubjec:t to a lien which may attuin priority over
<br /> . ' ' ', this Security Instrument, [.ender m�y give Bormwer u notice identifying the lien.Borrower shall satisfy the lien ar take one or
<br /> ��' � more of the actions set forth above within 10 days of the givin�of notice.
<br /> � ��� .
<br /> ` .. Form 3028 918a
<br />�� �.• • � � Pego 2 ot 8
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