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<br /> 1 'I�OCiBTHER WtTH aU the improvemznta now ar herratter erectcd on the ptUperty.and ull easemenia,uppurte�ancrs.and
<br /> � �xturec nnw or hereaftcr n part of the property. Ap txplacxneenta nnd ¢ddidons 6ha11 nlso be covered by this Security
<br /> � Instrument. All of thc famgoing ix refeucJ to fn this Scruriry Instrument as the"Properry."
<br /> � BOR�tOWER COVBNANTS that Bnrmwcr is IawtLlly seiscd af the estate hereby conveyed und hns the rl�ht to grunt und
<br /> ' convey the ProptAy und eh�t the ['�opertY i�uaencumbered, except for encumbrances of nmrd. Borrower warron�g rutd will
<br /> Idefcnd generatly ihe titic to tha Propeny ogainst nll claim.g s►nd demands.subject te uny encumbrsncc�of record.
<br /> THI3 SECURITY INS'1'ItUMBNT l�ombin�.w unifann cnvennnts far national use und nan-uniform wvenant�with limtted
<br /> � vArlatiang by Juri6diction to rnnstitute s►unifaren security tnsttument covering reul praperty.
<br /> � UMl'ORM COVBNANTS.Qortotscr und Lcndcr covemmt nncS agree as foilo�vs: -
<br /> � 1. Poyment o!Prirn.ipal and lnterest; Fr+epayment and I.wte ChArge9. Bon+nwer shuil promptly pay when due the
<br /> � principal af und interest on che debt evidenc,ed by the lYote und uny prepayment nnd lute charges due under the Note.
<br /> ' 2. Fundg for Texes iutd Insurunce. Subject to applicuble Imv or to u wdtten waiver by L.ender. Borrower shull pAy to
<br /> � Lender un the dA,y monthly payments are due under the Nate,undl the Nate is pald i�fup,a sum("Funds")far: (a)ycsrly tnxes
<br /> and assessments which may attsdn prlor�ty over this Secudsy Instruenesit a.g n lien an the Property;(b)ycarly leasehold payments
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<br /> or ground rents on the C'roperty,if uny:(c)yearly hazc�nd or property insutance premiums;(d)yearly fload insurance premiums.
<br /> � if any:(c)yearly mortgage insurance premiums, if any;and(�uny sums payable by Borrower to Lxnder. in accordance wIth
<br /> i the provlslons of parngruph 8, in lteu of the payment of mort�age insurance premIums.These items arc called"Escrow Items."
<br /> I.ender may. at uny time. oollect und hold Funds in an amount not to eace�d the muximum amount a lender for a foderally
<br /> i+elate�mortgage loan may requtre for Borrower's cscrow accaunt under the federa! Reul Fstate Settlement Procedunes Act of
<br /> Y974 as amended from time to tlnle. 12 IJ.S.C.Secdon 2b01 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a lesser umount. If so, I.ender may, at any time.collect and hold Funds in an amount not to eaceod the lesser amonnt.
<br /> Lender may estimate the umount of Kunds due on the basis of current data unJ reawnuble estlu�ates of expenditur�s of fuwrc
<br /> Escraw[tems ar otherwise tn ac�rdunce with upplicable law.
<br /> Tt�e Funds shall b�•P►eld in an inst�tution whose deposits are jnsured by a federa! agency. fnstrumensality, or entity
<br /> (includiag Lendar.if Lender is such an institution)or in any Federel Home Loan Bank.I.ender shall apply the Fuads to puy the
<br /> Escrnw Items.H.ender may not chsirge Borrower for holding and applying the Funds,unnually analyzing the escrow acoount.or
<br /> verifyin�the Escrow Items,ualess Lender pays Borrower jnterest on the Funds and appllcable law permjts I.ender to make such '1•
<br /> a charge.However. I.ender may requtre Horrower to pay a orte•time charge for an independent real estate tas reportin�servtce "''
<br /> used by Lender in connertton with thic loan, unless applicable law pmvtdes atherwise. Unlesss an agreement is made or
<br /> ,�t; applficable law requires interest to be pa+d,I.ertder shall not be required to pay Borrower any interest or eamings on the Fands.
<br /> ''"� Botrower and Lertder may a$ree in writin�.hawever, that interest shall be paid on the Funds. Lender shall give to Borrower.
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which eueh
<br /> debtt to the Funds was made.�i hc�unds a�e piedged a.s adciitionat�cxu.ity for n1i�rns sz..�ur�d by tliis�ccurity instramc�t.
<br /> If the Funds held by Lender exceed the amounts per�nitted to be held by applicable la�v.L.ender shall account to Borrower
<br /> for the eaces.c�unds in accocdance with the requiremenu of applirab�e law. If the amount of the Funds held by Lertder at any
<br /> time is not suffacient to pay tlie Escmw[tems when due,l.ender may so notify Bomower in writin�.artd.in such case 8orrower
<br /> shnll pay to i,erider the cunount necessary to make up the deficiency. Bormwer chall make up the deficiency in no more tt�an .,
<br /> twelve monthly payments,at L.endec's sole discretton. :��"
<br /> Upon payment in fuU of all sums secured by this Secudty Instrument, [.ender shull prompt(y refund to Borrower any
<br /> `� Funds held by Lender.If.under paragraph 21. LenJer shall acquire or sell the Property,Lender,prior to the acyuisition or sale ;_�r
<br /> of the Property. shall apply any Funds held by Lender at the time of ucquisitlon or sale as a credit A�ainst the sums secured by .u„
<br /> rbin Securitv[nswment.
<br /> 3.Appllcation of Pgyments.Unless appliculsle taw provides otherwise,nll payments nxeived by l.ender uader paragraphs .
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<br /> � asid 2 shalt be appl3eci: first, to any prepayment charges due under the Note: semnd,to amounts payable under paragraph 2; . �-
<br /> third.to interest due;fourth,to principal due;and Inst,to any late char�es dae under the Note. ��"�
<br /> 4.Charges;Liens. Bomower shall pay ail taxes.as.�essmenu.char�es. fines and impasitjans attributable to thc Property ":;,
<br /> which may attain priority over this Security Instrument, and leasehold payments or�round rents. if any. Borrower shail pay
<br /> ehese obligations in the manner providod in paragraph 2,or if not paid in that manner,Borrnwer shall pay them on time directly
<br /> ' to ihe person owed payment.Borrower shall promptty fumish to Lender all notices of amounts to be paid under this paragraph. ��_��'
<br /> ' If Borrower makes these payments directly,Borrower shalt prc�mptly furnish to L.ende.r receipts evideacjng the payments. �"r``'�
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<br /> � Borrower shull promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of the obligation securod by the lien in a manner acceptnble tu Lender:(b)cont�ts in goad faith the lien
<br /> by, or defends against enforcement of the lien in, legal proceedings �vhich in the Lender's opinion operate to prevent the
<br /> enforcement of the lien:or(c)secures from the holder of the lien an agroement satisfactory to L.ender subordic�atin�the lien to .
<br /> this 5ecurity Instrument. If I.ender detemunes that aay part of the Pmperty is subject to u lien which may uttmin priority over
<br /> this Security Insteument, Lender may�ive Bor�N er a notice identifying the licn.Borrower shall satisfy the lien ar take one or
<br /> more of the actions set forth above within 10 duy �f the giving of notice.
<br /> �,
<br /> Form 30Z8 9180
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