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<br /> 'CQflF3'fN4'sR W(Til uU tlic impruvcmcnts no�v oe hcrcaftcr crcctcd ou �hc property.and all cu+cnunts, appuricn:uiccti. i � _
<br /> and Gxtures now or{icrcaftcr a p:�rt of thc prupt;rty. All rcpluccmcnts nnd �iddition,shnll altiu Isc covcrcd l�y thi:�Sec;ueily -
<br /> Instrument. A!1 of tne forc�oing is referred to in tNis Sccurlty Intitrument��s thc"�«n�ny.° " , �°•'�'�+ .
<br />- , " BORROWER COV�NANTS that Borrowcr is Inwf'ully scised of the estntc hcrcby cnnvcyed und has thc right to gr.►nt �
<br /> � and convcy thc Property und that thc Propcny is uncncumbcrcd,cxccpt for cnciunbranres of rccord. kiorrowcr warrants nnd ,
<br /> ,�,1 will defend IIenernlly tlie titic to the 1'roperty against ull cinims and demands,subject to uny cncumhrances of record. „ . . ,.
<br /> � T}#l� SECURI7'Y INSTRUMFsNT combincs uniform covenants fi�r nutionnl usc and non•uniform cavcn�mtti with "
<br /> . limitc:d v�riations by jurisJictiuu to consuwte a unifonn s�curity instrumcnt covcring rcal property. � ''R �
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<br /> • " •- UNIFORM COVENANTS. Honowcr nnd Lcnder covennnt and ugrec us follaws:
<br /> 1. Payment of Principal and Interest;Prepnyment and I.ate Churgev. Bo�rowcr,hall promptly pay whcn duc the '``
<br /> , ° " principal of and interest on the debt evidenced by the Nate nnd any prepayment and lute charges due under the Note.
<br /> 2. Itinds for 7loxes and Insprnnce. Subject to applicable Inw or to a written wuivcr by I.ender,Borrowcr shall pay to rx�p
<br /> Lendcr on thc day monthly payments are due undcr thc Note, until the IVote is paid in full, a sum("Funds") for: (al ycarly � .
<br /> taxes and nssessments which may attain priority over this Security Instrument as a licn on the Propccty;(b)ycarly Icaschold �•'
<br /> � payments or ground rents on the Propeny, if:uiy; (c) ye;uly haiard or propeny insurance premiums; (d) yearly flaod �.�° �
<br /> insurnnce premiums, if any; (e) yearly moRgage insurance premiums, if any; and (� imy sums puyable by Bonower to �+ �
<br /> Lender, in accordance with the provisions of paragraph 8,in lieu of thc payment of mortgage insurancc premiums. These • ��
<br /> • items are called"Escrow Items.' Lender may,at any time,collect and hold Funds in an nmuunt not to exceed the maximum ,
<br /> ' amount a Icnder for a fcderally related mortgage loan may rcquirc for Borruwcr'.s cscrow accuunt undcr the fcderal Rcal i
<br /> � 6state Settl�ment Procedures Act of 1974 as amended from timc to time, 12 U.S.C.�2601 er sey.("RESPA"),unless anotlicr ., �
<br /> - law that applies to the�Lnds sets a lesser amount. If so.Lender may,at any time,collect and hold Funds in un amount not to ,• .
<br /> •� � excced the lesser amount. Lender m:�y estim;�te thc amount of Fundc duc on the h�cis of cunent data �nd ra�snnablc . • �..'
<br /> estimates of expenditures of future Escrow items or othenvise in nccordance with applicable law. � •
<br /> � The Funds shall 6e held in au instituaon whose deposits are insured by a federol agency, instrumentality, or entity �
<br /> (including Lender,if Lcnder is such nn institution)or in any Federal Home Loan Bank. Lender shall apply thc Funds to pay ti
<br /> _ the Escrow Items. Lender may not charge Borrower f�u holding and applying the Funds, annually analyzing the escrow 'i��
<br /> � account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law petmits .� ,
<br /> " Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for an independent real
<br /> ' estate tax reporting service used by Lender in cunnection with this loan,unless applicnble luw provides oeherwise. Unless an
<br /> , agrcement is made or applicablc law requires interest to 6c paid,Lender shall not ta.required to pay 8orrowcr any interest or •• '
<br /> earnings on the Funds. Borrowcr and Lendcr may agree in writing,howcver,that intcrest shall hc paid on thc Funds. Lendcr ` { ,"
<br /> , shall give to Borrower,without charge,an annual accounting of the Funds, showing credits and debits to the Funds and the ,,�r��
<br /> purpose for which each debit to the Funds was made. The 1=unds are pledged as additional sccurity for nll sums secured by , % '
<br /> this Secunry Instrument. �%� �
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<br />- -" -- - ll UIC I"LLIIUJ �IG�LL Uy �II�GI �:A41'GU 4�V�tVUIItJ N<titlitti.0 iv Vt ��t�u uy LLF/�lltYVl�. law� I..i:iliJ<t iltitlt itt�i�tilli tv .. �. � �� .
<br /> ' Borrower for the excess Funds in accordanee with the requirements of applicable law. If the umount of the Punds h.:ld by '�'}' ' 4�
<br /> - Lender at any time is not sufficicnt to pay the Escrow Items�vhen due,l.ender may so notify Borro�ver in writing,and, in !" 1 � �
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<br /> such ease Botrc�wer shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the �.
<br /> deiiciency in no more than twclve montlily payments,at Lcnder'a sole discn:tion. • s -
<br /> Upon payment in full of all sums secured by this Security Inswment,Lender shall prompdy refund to Borrower any , . s�
<br /> „ Funds held by I..ender. If.under paragraph 21,l.ender shall acquire or sell the Property,I.cndcr,priur to the acquisition or . � '• �
<br /> sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sate as a credit against the sums ,��� . :'�
<br /> - , secured by this Security Instrument. .. ��
<br /> „ 3. AppltcuUon of Puyrrtents. Unless applicablc law providcs othcrwise, nl! paymcnts reccived by Lendcr under �,�� _�1
<br /> � � paragraphs 1 and 2 shall be appiied:firct, to any prepayment charges due under the Note;second,to umounts payable under i ;. ���
<br /> paragraph 2•third,to interest due;fourth,to principal duc;and last,to any latc charges duc undcr the Notc. I `+ ��
<br /> � d. Charges; V�ns. Borrower shall pay all taxcs, assessments, charges, fines and imposirions attributablc to the I , . I''•
<br /> .. Property which may attain priarity over this Security Instrument,and leasehold payments or ground rcnts,if uny. Borrower ,s,:,'••,•�,�.�,� • ' '
<br />- .. shall pay�hese obtigations in the manner provided in paragraph 2,or if not paid in that manncr,Borrower shall pay them on ,. �,�
<br /> time direc�y to the person owed payment. Boaower shall prompdy furnish to Lender all notices of amounGs to be paid under I_ ,,;�•
<br /> this paragraph. if Borrowcr makcs thcsc paymcnts directly,Borrowcr shall promptly fumish ro Lendcr rcccipts evidr.ncii�g � • ° `
<br /> the paymenu. � '
<br /> Boirower shall promptly discharge any lien which has priority over this Security[nstrument unless Borrower:(al u�;rees � �;•?
<br /> in wriung to die payment of the obligation securcd by the lien in a manner acceptable to Lendcr:(b)contests in good faith the �:� .
<br /> lien by,or defends against enforcement of the licn in,legal proceedings which in the Lender i opinion operate to pre�ent the I , `�•�A
<br /> cnforcement of the licn;or(c)secures from thc holder of the licn�n agrcement satisfactory to Lender suthrdinadng ihe lien .. ° Y„. ,�?
<br /> � to this Security Instrument. If Lender detertnines that any part of the Propeny is subject to a lien which may att:iin prioricy '1�.. , ��' ` .
<br />� � over this Secuaty Instntment,Lendec may give Borrower a notice identifyin�the lien. Borrower shaU satisfy the lien or iake � ,�,��
<br /> one or morc of the actions set fonh above within 10 days of the giving of notice. I ,. �`
<br /> _ . 5. Hazard or Property Insurance. Bormwer shall kcep thc impmvements now existing on c�maftcr crccteJ on thc � ���
<br />'' PropeRy im.;ured aguinst loss by fim,h;�.nrds included within the term "extended cover.ige"and any other h:u:uds,including � • • ,,
<br /> • '� floods or Ilooding, for which Lcndcr mquires iosuranrc. This insurancc shall bc maintaincd in thc amounts and for thc '
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<br /> Form 3028 4/9U f/mRe 2 uJ6���;e•sl
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