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<br /> TOGG'I'11 L�[i 1�U1'I'H�II the impr�vements iiow an c�reafter eeccted on the prap�rty,nn 7i7i�semen��p�iT�lt'��tres,and --
<br /> �• fixun�c�� nn�v ur I�crc.�ftcr n p.u�t of thc prup�xty. All r,.placements r�nd adclition.r• s.half also hc covcred by this Srcueity ��
<br /> • Instrument. Al!uf thc Io�-c�;uin�; is refe�•rcd to in this�ccurity lurinunr.nt as tiie"Property."
<br /> . ..�..,._ ppftRpVNCR COVENANTS that Borrotvcr is lawfully scised of thc cs�atc hcreby convcyccl and has thc riyht tu�rant and __
<br /> ' :.";,J'� convr.y Ihe f'roperty=►nd Utttt Itte Property is anencutnbertd, except far encumbranees of record. Borro►�er wnrrants t►nd will --
<br /> '°'-'_=--'�y�-'�—�-�--- defend gtnerully�ho�iNe to Uu i'roperty n ainst all claims and dem�nds,subject to any encumbranees of rc;cord.
<br /> ~" '`'"'"'��'"°�° THIS�E�UR17'Y INSTRUM�N'��mbinrs uniform a�venants for nntianal use and non-unifarm covenants witl� limitc:d
<br /> �-���N,.;.:.:,,� vnrintions by juri�dirtiuu w cuntititutc.i unifur�n:;ci:uriry instntnicnt covcring rcal property. _
<br /> .,-,;��*,e4"�`'°�� UNI('ORtd COVE?NANTS.Borrowcr nnd L.cndzrcavenant nnd ngrec us follows:
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<br /> _.,,�.,., ,:.,,,,W, 1. Ynyment of Princlpul mid Intcre.5t; Prega��nient and Lntc Churge.9. Dorrowcr shall pramptly gay when ue �c
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<br /> V-w,.�,�..�, .� principal of and intcrest on ehe dcbt evidcnccci by the Note and uny prep�yinent nnd late charges duc under thc ote.
<br /> „�, f;�� f '�•,r 2. �unds P�r Tnxes nnd ir►surance. SetbJect to npplicablc law or to a written waiver by Lender, Borrower shnll pay to
<br /> -' }�� I.ender un the day montlily p:►y���ents tire due under thc Note,until che Note is paid in full,a sum("Funds") for:(n)yearly ta.�es
<br /> Yh-� -a- nnd asscssments which muy attain priority over this�cueitv lnstrument us a lien on ihe Property; (b)yearly leasehold payments _
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<br /> �=�;t:_.s-r-�,��;� or ground rents on the Propetry,if any;(c)yeurly haxnrd or property insuran�:e premiums;(c!)yearly fload insurance premium9,
<br /> _ _-r';�c if any; (e)ycarly morigage insurunce premiams. if nny; and(�nny sums payablc by Bottower to L.endet. in accorc�ance with
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<br /> -`:�'•A.�?�,;�'� the provisions of paragr:►ph 8, in licu of the pay�tiient of mortgage insurance premiums. These items are ralled "Escrow Items."
<br /> -�-''�"���'� Y''' � Lender may,at any time, collect and hold Funds in an amount not to exceed the maximum umount a lender for �federally
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<br /> ---�:..-� relutcd m�rt�uge Ioan moy require for Bonower's escrow account under the fcderal Rea! Estute Setttement Procedurzs Act of
<br /> -. •�'=r.,a.� 1974:�s�unendcd from time to time, 12 U.S.C. Section 2ti01 et scg. ("RESPA"),unless nnother luw that apNlies to the F��nds
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<br /> _ ,.-..Yp1�i4� sets n lcsscr nrn�unt. If so. Lender may, at any time,collect and hold �'unds in nn amount not to exu.zxl ti�z lesse�a��wu�i.
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<br /> _,-:;;tiT�;,y;,;,�..;�---_- Lendcr may estimate the nmount of Funds due on the basis of cuncnt data end reasonable estimates of e�penditures of fucure
<br /> • '` A� '�'� (�scrow Items or nthenvise in accordance with applicaUlc law.
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<br /> '`=�'��?�=" The Funds shalt be held in an institution whose depositc are insurecl by a federal agency. instrumentaliry, or cnNty
<br /> ''�`����• ,z� � . ' , (incleding l.cnder,if L.ender is such an institution)or in ar►y Federal F[ome Loan Bank. L.ender shall npply the Funds to pay the
<br /> .s-„N�:�_ ; � i Escrow Items. I.cnder may nat charge Borrower for holding und applying the Funds,aanuatly analyzing tiic cscroa acoount. or
<br />-''����`�'•�' � verifying the Escrow Items,unless Lender pays Aorrov�er interest on the Funds and applicable law pennits Y.ender to makc such
<br />-'"�sr •�� � ' a charge. However,Lender may require Aorroiver to pap a one-ttme ch�rge for an independent real estate t�uc mporiin�service
<br /> �`�-��!".�;.`�t���i:� used by Lender in connection �vith this loan, unless applicable law provides otherwise. Ualess an agrcement is made or
<br /> ''"�.'• ••�' ''°`"'`• applicable lativ requires interest to bc paid, Lcndcr shall not bc rcquiresi to pay I3orrower any interest or eaenings on the Nunr�s.
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<br /> - � ,;•• 3:k';" gorro�ver and Lender may agree in writing, however,that intetest shall bc paid on the Funds. Lender shull give to 13�rrowcr,
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<br /> `� �` without charge, an annual accounting ot tne Kunas, snowing credi[s and debiis io inc Fwcus a�iu u�c E,�;����� ..Y::-h.a.."t:
<br />"�'�`` '"' ' ''�''��" debit to the Funds was made.The Funds are pledged as aciditional security for all sums secured by this Securiry Instrument.
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<br />::s, ,..,, �', . � If the Funds hcld by Lender exceed thc amounts p�rmiued to be held by applicuble law,L.ender shall account to Borrower
<br /> � '� °' ' for the excess Funds in accordance�vith the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> „ , •'�'�'•''' �� ��•� time is not sufficient to pay the Escro�v Items when due, Lender may so notify Borrower in writing, and, in such cuse Borrower �
<br /> ;, " , shaU pay ro L.ender the amount ncc:,ssary to make up thc deficiency. BorrQwer sliall make up the deficiency in no mnre d►nn
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<br /> •,vi;:s�'..,,.,:•.�.:�::- twelve mon±hly payments,at Lender's sole discretion. .
<br /> . :'�'"' � � Upan paymcnt in fuU of all sums secured by this Security Instrument, Lendcr shall promptly refund to Boirower �u►y
<br />- --= •^•'r���• ~��,• •� Funds held by L.ender.lf,under paragraph 21,L.endcr shall scquire or sell the Propeny,I.cnder,prior to the ucquisition or salc
<br />� �� " of the Property, shall app{y any Funds hcld by I.ernier at the timc af acquisition or sale as a cr�it against the sums secumd by
<br /> .� � : this Security Instrument.
<br /> -• '�` `,,'-:; ' °` 3.A Ifcutlon of Pn ments.Unless a Lcable law rovides otherwise,al! a ments rcccived b Lc:nder under an ra hs
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<br /> •.;�����,-- 1 and 2 shall be applieci: first, to any prcpaymcnt charges due under the Note; sc:.and. to amounts payable under paragraph 2; _
<br /> .. . � �:;°.t - '• third,to interest due; fourth,to priacipal due;and last,to any late charges due under the Note.
<br /> " , 4. Churges;Lfens. Borrower shall pay all taxes,assessments,charges, fines and impositions attributable ro the Properey
<br /> • which may attain priority over this Security Instrument, und leasehold puyments or ground rents, if uny. Borrower shall pay
<br /> these obli�ations in tlie manner providcd '+n paragraph 2, or if not paid in that manner,Borrower shall pay them on time dire�ily
<br /> to the person owcd paymcnt. Borrower shatl promptly furnish to L.ender all notices of amounts to bc paid wider this paragraph.
<br /> If Bnrrower makcs these pnyments directly,Borrower shall promptly fumish to Lendcr receipts evidencing the paymen�s.
<br /> ' Borrower sh;Jl promptly dischlrge any licn which has priuriry over ihis Sesurity instrument unless Bono�ver:(a)agre:s in —
<br /> �• writing to the payment of die obligation secured by the lien in a mnnner�cceptnble to Lender; (b)contests in�ood faith the lien _
<br />_ ~ -- by. or defends against enforcement of the lien in, Icgal proceedings �vhich in the L.ender's opinion operate to prevent the -
<br /> enforcement of the lien: or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating tlie lien to
<br />� • this Security Inscrument. If Lender determines that xny part of the Property is subject to a lien �vhich may attain priority over
<br /> • this Sccurity[nstrument. Lender may give Borrower a notice idcntifying the lien. Borrower shall satisfy the lien or take one or _
<br /> more of thc actions set forth above within 10 day�of tlie giving of notice. =-
<br /> � Form 3028 9I9Q =
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