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<br /> TOOETH�R WITH all tho improvementa now or her�nftcr erccted on the property,anu nll ensementa,uppurtenunces.und
<br /> tixtures now ar hereaRer u pait of the property. All replacementa and udditions ehall al5a be covered by thi�s Secudty
<br /> Instrument.Atl of the foregoing Is refened ta in thig Security Instrument ar the"Property."
<br /> BORROWER COVENANTS thut Barrawer ia lawfuily sciscd of tha cstate hereby conveycd und has the rl�ht tu grunt und
<br /> convey the Property und thut the Property is unencumbered. except for encumbrances af record. 8orrowcr wurrants und wfll
<br /> ciefend generaDly the dtle to the Property uguinst utl ciaims and demands.subject tu u�ry encunibj•��ces uf recurd. r
<br /> THIS SEC�IRITY INSTRUMENT combines uniform cavenun�v for nattanal use and non-uniform covenunts wtth limited
<br /> vaciations by jurisdtetian to constitute c�uniform security instrument covering cenl praperty.
<br /> UNIFORM COVENANTS.Borrawer and Lender covenunt und a�ree us fotlows:
<br /> 1. Payment of Principnl and Interest; Prepuyment aad Late Cher�es. Barrawer shall promptly pay when due the _
<br /> principal of and interest on th�dcbt avidenced by the Nate nnd any prepayment and late charges due under the Nate.
<br /> 2. Funds Por Taxes and Insurance. Subject to applicabie law or to s wrltten waiver by Lender.Bonower shall pay to -
<br /> L.ender an the day monthly payments are due under the Note.until the Note is pald in full. a sum("Funds")for:(a)yearty texes
<br /> and assessments which may attein pdorlry over this Security Insuument as a lien on the Prapertv:(b)yearly Ieasehold payments
<br /> or ground rents on the Property,lf any;(c)yearly hazard ar properry insurnnce premiums: (d)pearly flood fnsurance premiums,
<br /> if any;(e)yearly mortgage insurftnec premlwns. if any:and(�uny suma payuble by Borrawer to Lender,in accordance with
<br /> the provistons of paragraph 8.in lieu of the payment of mortgage insurance premiums.These items are called"Escrow Iteims."
<br /> L.ender mny, at any time. collect and hold Funds in an amount not to exce�l the �t�axtmum emount a lender for a federally
<br /> reluted mortgage loan may n�quire for Horrower's escrow account under the federel Real Bstate Settlement Procedures Act of
<br /> 197�i�u tuuetx[cxI fruui ilu�ta dt:z:,, !2 U.S.�.Sectian 26Ut rt srq. t"�pA"),Lnle�.s another law that applies to the Funds _
<br /> seta a lesser amount. If so. Lender may. at any Hme, collect and hold Funds in an amount aot to exceed the lesser amount.
<br /> L.ender may �st�mate the amouat of Funds due an the basfa of current data and reasonable estlmates of expenditures of future
<br /> Bscrow Items or othenvise in accordence with applicable law.
<br /> The Funda shall be held in an instltutlon whose deposits are insurod by a federal a$ency, instrumentallty. or enrity
<br /> (Mcludir�g Ixnder,if Lender is such an institution)or in uny Federal Horne Loan Bank.Lendcr shall Apply the Funds w pay the —
<br /> Escraw Items.Lender may not charge Borrower for holdIng and applyin�the Funds.annually analyzin�the escrow axount,or
<br /> vedfying the Escrow Items.unless Londer pays lsorrower interest on the Funds and applicable law permits Lender to make such
<br /> a charge.However. I,ender may require Borrower to pay a one-time charge for an independent real estate tnx reporting servIce
<br /> used by I.ender in connecdon with this loan. unless appllcable law pmvldes otherwlse. Unless an agreement is made or
<br /> appliatbte law requires interest to be pald,L,ender shail not be required to pay Borrower any intenest or eamings on the Funds.
<br /> Bomnwer and Lender may agrce in writing. however, that interest shall be paid on the Funds. Lender shall give to Aorrower.
<br /> wlthout oharge. an annual accnunting of the Funds. showing credits &nd debtts to the Funds and tiie purpose for wh1�h each
<br /> debit to the Funds was mude.'fie Funds are pledged as additionai security for all suma secured by diis Secudty Instrument.
<br /> If the Funds held by Lender exceed the amounts pernutted to be hetd by applicable law,Lender shall account to Borrower
<br /> for the excess Funds in accordence with the requirements of applicabte law. If the amount of the Funds held by Lender at azry
<br /> ttme is not sufflclent to pay the 8scmw Items when due.Lender may so notify Horrower in wdtias.and,in sach case Borrower
<br /> shell pay to Lertder the amouM neoessary to make up the deficiency. Borrower shall mske up the deficiency in no more than
<br /> twelvc monthly payments,at I.ender's sole discretion.
<br /> Upon payment in full of all sums sec�red by this Socurity Instrurr�nt. I.ender shall pmmpdy refund to Borrower eny
<br /> Furtds held by l.ender.If.under paragraph 21,Lender st�alt acqutre or se1!the Property,LRnder,pdor to the acqutsitlon or sale
<br /> of the Pmperty.shall a�ply any Funds held by Lender at the time of acquisition or sale as a�redit ngatnst ths sutns secat�ed by _
<br /> thia Security Instrument.
<br /> 3.Applicadon of Payrnents.Unless applicuble lnw provides otherwise.atl payments received by Lender uader paragraphs
<br /> 1 and 2�haU be applied: flrst,to any prepayment charges due under the Nota:second,to amounts payable under paregraph 2;
<br /> t!ilr�,to�lmerest due:fourth.to principal due;and last.to any late charges due under the Note.
<br /> 4.�arges;Liens. Borrower ahall pay atl taxes.ass�smams,charges. fines and imposidons attributabte to the l�roperty
<br /> which may attaia priodty over this Secudty Instrument, and leaselwld payments�r ground m��a. if any. Bc�rrower shall aav
<br /> these obltgations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shai!pay them on dme dlrectly
<br /> to the person owed payment. Sorrower sh�ll promptly fumish to L.ender �II notices of amounts to be paid unJCr this par�;rapL. �
<br /> If Borrower makes these payments directly,Borrower shall prqmptly fumish to Lender receipts evidencing the payments.
<br /> Burrower shull prompdy discharge any(ien which has priorlty over this Security InsMtment untess Bormwer:(a)agre�in
<br /> writlns to tha payment of the obligatIon secured by the lien in a manner acceptable to I.enda•. (b)contests in�ood feith the Ilett
<br /> by, or defends sigainst enforcement af the lien in. legal proceedings whtch in the I.ender's opin[on aperate to prevcnt the
<br /> enforcement of the lisn; or(c)secures from the holder uf the�ten an agreement satisfactory to Lender aubardinating the lien to
<br /> this Secwity Instrument. If Ixnder detecmines that any part of the Property is aubject to u lien which may attain priodty over
<br /> this 5ocur�ty Instrument. Lender may gtve B�rrower a notice identifying the lien.Borrower shall sadafy thc lien or take one or
<br /> more of the actions set fortb above wlthin !0 days of the giving of notice.
<br /> Form 3028 8180
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