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<br /> .11� � • ' TOGETHER`�VffN a11 the imPr°vements now or 6ereafcer erected on the property. .
<br /> fixtures now or hereafter a part of the property. All rePlacements and additions shall aiso be covered by this Security . �^ � .
<br /> Inswment.All of the foregoing is referred to in this�ecarity Instrument as the"Praperty" ' � • , ,
<br /> ' " ' ' BORROWER C04'F.1�iANTS t1�at Borrower is lawfully seised of the estate her�by conveyed and has the right to grant and , . .
<br /> ;' � , , oomey the Property and ttmt the Property is uneneumhered, eacept for encumbrances of record. Borrower warrants and will � - `; �:
<br /> ' , defend generally the ride to the Property against all ctaims and demands.subject to asiy encumbrances of record. ;
<br /> -�- '_=--�-�- 'FHIS SECURI7'Y MSTRUMENT combines uniform coveaants for nationa! ust and non-uniform covenanis with limited� .-�, . �
<br /> .F--^-= u�suument cavering�eai ProPertY• .
<br /> - .. - variatians by jurisdictian to consc'ttutc a uaiform security - , . —
<br /> ' � UNIFORM COVENANTS.Borr�wer and Lender covenant and agcee as follows: whee due ttte �
<br /> - • � l. Payment of Peincipal and Interest; P'repaYment and Late C6arges. Borrower shall promptly pay • . : `.
<br /> en
<br />- ' • .� � principal of and interest on the debt evidence�l by the Note and acry prepayment and tate charges due tender the Note. , ` �� � `: ��: ,
<br /> . ' .,:_� .
<br /> -�-'� � � -° Z. F�m d s for Taxes and Insurance• Subjecc co applicable law or to a wriuen waiver'by Lender, Borrower shall pay to
<br /> � � Lender on the day monthly payments are due under the Note,until the Note is paid in fuU,a sum("Fun ds")for.(a)y e a r ly t a x e s g :...::,y,,. .
<br /> � � and assessments which may attain priority over this Security Instrunient as a lien on the Praperty;(b)Yearly leasehotd pay�ents - _
<br /> ���; � r�
<br /> or ground rents on the Property.if any:lc�yearty hazard or property insurance premium�:(d}yearly flood insurance premiums, . . ,- ,__ .
<br /> , if any' (e)Year1Y mortgage insurance premiums. if any:and f�anY.sums payable by Eorrower to L.ender. in accardance witli i` ...': �a•�� .:.
<br /> _ , the provisians of paragrapb 8,u►lieu of the payrnem of mortgage insar�ce premiums.These items are called"F.scrow Items." 4 �` A =___.-
<br /> • . Lender may, at any time,collect and hold Funds in an amount not to exceed the maximum arnount a�lender for a federatly �, . ,,- __
<br /> '. q. .. _ ^___
<br /> � . . related mortgage loan may require for Borrower's escrow acwunt under the federal Real Estate Settlemerrt Procedures Act of ,•.;_�_
<br /> ` 1974 as amended from time to time, 12 U.S.C. Section 2601 er seq. ("RESPA"),unless anather law that applies to the Funds ,"4��=____
<br /> , .•:t sets a lesser amount.If so. Lender may,at any time:collecC and hold Funds in an amount noi W eaceed the lesser amouni• _
<br /> � • Lender may estimate the amount of Funds due on the basis of current data and reasanable estimates of expenditunes of fuUUe �_�;� _-._--
<br />- - - •• --- - - - �-- ._ .. . ._..--- --...__.. _..-------�- --� -- -- ----- �
<br /> • �.. '• �scrowlfems or�ottierwi��irt acxordance widrapplicable�law:�---.. . - . . _ ___
<br /> i � f.i:
<br /> • �� The Funds sha11 be held in an institution whose deposits are insured by a federal agency. inswmentality. or enuty� ,,:_�
<br /> . ° (including Lender,if l.ender is such an instituuon)or in any Federal Home Loan Bank.Lender shtiU apply the Funds to pay the y..,�-:
<br /> ' � � � E scrow Itetns.L en der m a y n o t char ge Borrower for holding and applying ti�e Funds,annually analyzing the escrow accoum.or
<br /> - -- ; .` � , � verifying.the Escrow Items.unless Lender pays Horrower interest on the Funds and applicabte law permits Leader to tnake suc h -:`;�,;
<br /> _ , � .� �a charge.However,l,�rtder may require Borrower to pay a one-time cliarge for an ind�pendenrreal estate tax reportin$service ;_�
<br /> � �. used by Lender in connection with this 1oan, untess applicable law provides othenvise. Unlcss an agreement is made or �.t�,��
<br /> , � on the Funds. `
<br /> applicable law requires interest to be paid.Lender shall not 6e required to pay Borrower am+ interest or eanungs `,4�r
<br /> - � •� Borrowcr and Lender may agree in writing.however,that interest shall be paid on the Funds.Lender shall give to Borrower, ':s.'
<br /> � �° ll without charge. an annual accounting of the Funds, showing credi:s and debits to the Funds and the purpose for which each 3. =;� ,
<br /> , ��� `- � • p .
<br /> debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Inswment. ,�,,_
<br /> � . If the Funds held by Lendes exceed the amounts Qermitted to be held by applicable Iaw,Lender shall account to Borrawer • ;; .,.
<br /> ' ' • for the excess Fur.ds in accordance with the requiremenu of applicable law. If the amount nf the Funds held by Lender at aay �
<br />- �`-.t" �� - - time is not suKcient to pay the Escrow items when due.Lendes may so notify Borrower in writing,and,in such case Botrower ;:;.�
<br /> � � . . ' �t ' shall pay to l.ender the amount necessary to make up the deficiency. Borrower shall make up the Qeficiency in no more than ' :=c'�.�°`
<br /> twelve monthly payments,at Lender s sole discretion. , . ..�
<br /> • � Upon paym:nt in full of all sums secured by this Security Instrument, L.ender shall promptly refund to Borrower any . ____
<br /> • � � Funds held by l.ender,1f,under paragraph 21.L.ender shall acquire or sell the Properry.Lender,prior to the acquisition or sale . ����
<br /> x;..
<br /> ' � • of the Property. shall apply any Funds held by Lender at the pme of acquisition or sale as a cralit against the sutns secured by �.:'�___
<br /> ' : ' � this Security Instrument. � ,
<br /> � � , 3.Appltcation of Pa,yments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs •: _�=�t_, �^
<br /> ' : �..' 1 and 2 shall be applied:first,to any prepayment charges due under the Notc:second,to amounts payable under paragraph 2: .;---�.
<br /> � third,to intemst due:fourth,to principal due:and last,to any late�charges due under tiie Note. -�s'.;:r -
<br /> � � ' 4.Charges;Liens.Borrower shalt pay all taxes,assessments,charges, fines and imQositions attributable to the Property :
<br /> .� •_: "
<br /> ' � which may attain priority ovcr this Security Instrumcnt. and leasehald payments or ground rents, if any. Bonnwer shall pay „ . .
<br /> � • � these obligati�ms in the manner pmvided in paragraph 2.or if not paid in that manner.Bonowcr shall pay them on time directiv
<br /> : -. • fo the yerson owed payment. Borrower shall promptly fumish to l.ender all notices of amourts to be paid under this paragraAh• .
<br /> �. �. � If Bonawer makes these payments directly.8orrowcr shall prompdy fumish to Lender receipts cvidencin;the payments.
<br /> � � � . • Borrower shaU prompUy discharge any lien which has priority over this Security Instrument unl�ss Borrower:(a)agrees in
<br /> � ' � writing to the payment of the obligatiun securetl by the licn in a manner acceptable to Lender:(b)contesu in good faith the lien
<br /> '� ��' � � � by. or defends against cnforcement of the licn in, kgal proccedings which in the l.cndcr's apiniun operate to prcvent the ,
<br /> � ��.-� enforcement of the lien:nr(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to .
<br /> � this 5ecurity lnstrumcnt. lf Lender determines that any part af the Property is subject to a lien which m�y attain priority over
<br /> � . • � � this Security Instrument. Lender may give Bnnower a notice idcntifying the licn.Bnnower�hall tiatisfy the lien or t�ke ene or
<br /> �� � � morc of the actions sci forth abovc within 10 days of thc giving of noticc.
<br /> .. Form 8028 9190 .
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