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<br /> - 'fdlOiiTH�[t 1VfTFl,ill ti2c im�rovcnunts now on c�reaft�r crccted on the pro�erty�:�id ull easemcals,c+ppurtcnanccs, __
<br /> .tili��XliliCy IlOW 4i I1C1'Ca�lsr n p�rt nf thc property. Aly repincsments nn.d additiollry simli also 1�covercd�y t8ie Sccurlty __
<br /> Instrument. All of tl�e foreguing is r�fc�ed to in this�ecurity laslrument as thc"Property." ---
<br /> I�ARZ20W�I3 COVENANTS tPsat Borrowcr is la�vfuily sciscd of the�sklte hereby conveyed a+�d has the right to grant
<br /> and convcy U�c Prop rty and that the Frapc�t�is unencumbered,except far ciicu►�if�.'auic�s uf rc:c:afd. IIor;orfc►:��arr.:nts and
<br /> ic �
<br /> wil[defend generally the titie to the Froperty against all clnitns and demands,subject to any encmnbra�tees af record.
<br /> THIS SECURITY INSTRUM�?NT combiues unefarm coveaants for nataonal use and non-unifarm covenants with
<br /> limited variailons by jurisdictioi�to consdtute n u�eifonn securiry insaument coverin�resil ps+ope�cy
<br /> [TP�IFORNd COV�N/�Nl'S. Horrowcr t�nd I.ender covcnant and ugree as follows: ___
<br /> - 1. P'gyment oY Pr(nclpal Ancl Interest;Prepwyment and LAte Chaagc�. Bunowcr shall pramptly pay when due the
<br /> " principal of und intcrsst on tiie dc[�t evidenced by tlic Notc and any prepayment und l�tc churges due under the Note. .
<br /> 2. �nds for'Ihxes and Iasurance. Subject to applicable lnw or to a written waiver by Lender,Borrower shnll pay to
<br /> L.ender on the day monthly payments are due under thc Note,until the Note is Faid in fuU,a sum("l-lu►ds")for:(a)yearly
<br /> taxes and assessmenu which may attain priority over this Sccurity Instrument as a lien on the Property;(b)ye.aely leasehold _
<br /> payrnents or�round rents on the Property. 3f any; (c)yearly hazard or ptoperty insurance ptemiuins; (d) yearly tlood
<br /> insurance premiums. if any;(e)yearly mortgagc insurnncc pnemiums, if any: and(�csny sums payable by Barrower to
<br /> Leiider,in accordance�ith the provisions of paragrnph B.tn lieu of the payment of mortgage insurance ptemiums. These
<br /> items�re calleci"Escrow Items:' Lender may,at�ny pme.collect suid hold Punds in an a►nouat not to exceecl the mnuimum
<br /> - amouat a lender for a federally related mortgage loan ntay n:quire for Borrower's•escrow account undcr the ferleral Real
<br /> Bstate Settlement Procedures Act of 1974 as amended from tims to time, 12 U.S.C. 4 2601 er seq.("RESpA").unless another
<br /> _ law that npplics to the Funds sets a lesser amo�nt. If so,Lender may,at e+ny time,collect and hold Ftmds in an amount not to ---
<br /> exceed die lesser umounG Lcnder may esamace the amount af I�nds due ou t3�e basis nf cument data and rea�anable
<br /> cstimates of eapendiwres of future�scraw Items or otherwise in uccordance with applicable luw.
<br /> Tlie I�unds shnU be held in an institution whase deposits nre insured by a federal agency, ir.strumen!aliry, or enuty =_
<br /> (includinfi Lel�der,if Lender is such tut institution)or in eny Federal Home Loan Sank. Lender shall np�ly the Funds to pay
<br /> the Esccow Items. I..ender►nay not charge Bor�ower for holding and applying the Punds,annua:ly analyzing the escrow
<br /> - account,or verifying the 8scrow Items, unless Lender pays Borrower interest on the Funds and appllcable law pemiits �
<br /> Lender to make such u charge. However,Lender may require Borrower to pay a one•time charge for an independent real
<br /> est.ate ta�c repr�rting service used by I.ender in connecuon with this loan,unless appZicable law providcs othenvise. Unless an
<br /> _= agreement is madc or applicable law requires intcrest to be paid,Lender shall not be required to pay Borrower any interest or
<br /> = �...��,ao�n�,r�g�;;;�, g,.rn,�„n.�ri I pnder may nr_ree in writing,however,that interest shall be paid on the Funds. [.ender
<br /> _ shall give to Borrower.�vithout charge,an annunl accountin�of the Funds,showing credits and debits to ti�e Fvnds and che ____
<br /> - pwpose for which euch debit to the Funds was made. The F�nds zire pledgcd As uddiNonal securiry for all sums secured by
<br /> this Sccurity Insaumen�
<br />__= If the Funds held by Lc:nder exceed the amounts permitted to be held by applicable law, Lender shall account to =
<br />�-- Benower for the excess Funds in aceordance with the reyuiremenu of applIcable law. If ihe amount of the Funds held by
<br /> -- Lender ut any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and, In
<br /> ° sucl� case Borrower sh�ll pay to I.ender the amount necessary to make up the defciency. Baaower shall make up the i
<br /> ' d�ficiency in no more than twel.ve monthly payments,at L.ender's sole discretion. �� _
<br /> ;� Upon payment in full of all sums secured by this Security InstrumenG Lender shall promptly refund to Bonower any -�-
<br /> --� Funds held by Lendsr. it under paragrnph 21.Lender shall acquice or sell the Properry. Lender,prior to the acquisition or �--"'
<br /> � sale af tiie Pcoperty. shall apply any Flmds hcld by Lender at the time of ncquisition or snle as a credit against the sums
<br /> secured by this Security lnswmen� _j�"'-
<br /> 3. AppllcaHon �f�aymentu. Unless applicable lnw provides othenvise. all payments reccived by Lendcr under �:
<br /> �.:.�.:-
<br /> �,� paragraphs 1 and 2 shail be applied:first,to any prepayment charges due under tBe Note;second,to amounts payable un cr E�..
<br /> `�� puragraph 2;third,to interest due;fourth,to principal due;and last,to any latc chazges due undcr thc Note. �,.__
<br />�=�� 4. Cha►g�w; Ltens. Borcower sbsill pay o!1 taxes,assessments, charges, fines and imposidons attributable to thc �
<br />- - ProF►eny�vhich cnay nttain priority over this Security Instiument,and leasetiold payments or ground rents,if any. Borrower
<br /> shull pay these obligauons in the mattner provided in paragrapt►2,or if not paid in that manner,Borrower shall pay thein on �.°,�;�._
<br /> �� time directly to the person owed payment. Bo�rowcr shall prompP.y fumish ro[.ender nll notices of amounts to be paid undcr ::��;
<br />"= this para�raph. If Horro�ver cnakes these ps+yments direc;dy,Borrower shall pxomptly furnish to Lender receipts evidencing =�
<br /> °_ the payments. `� ':.
<br /> '' Borrower sliall prompdy discharge any lien which has priority over this Securiry Instrument unless B�mower.(a)agrees _
<br />`,� in writing to the paymem of the obligarion secured by tt�e lien in a manner acceptable to Lender,(b)contests in good faith the .
<br />-`� lian by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the _
<br /> == enforcement of the lien;or(c)secures from the holder of Qie lien an agreement sntisfactory to Lender subordinating the licn •r
<br />'� to this Security Instrumen� If Lender deternunes thae any part of the Property is subject to a lien which may attain prioriry
<br /> '�a over this Security Instn►ment,i.ender may give Borrower a notice identifying the lien. Borrawer shull satisfy the licn or talce
<br /> ,`� one or r►zore of the actions set forth above within ]0 days of the gi�ing of notice.
<br /> � 5� Ha•rxird or Property Insuranoe. Botrawer shall keep the improvements now exisring or herr.nftcr erected an the
<br /> `°•; PrapcRy insuxed ngalnst loss by fire,hazards included within the term"extended coverage."and:u�y odier hautrds,including
<br /> = � flaods or floading, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
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<br />-=� Torm 3028 9l40 f�ge 2 af 6 paget)
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