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<br /> � TQaETHER WITH all the improvements now or hercafter erecteJ on the pruperty, ;u�J nU �uticmcut�, appunenance+, anJ
<br /> - fixture� now ur hereufter a part af dse prnpcny. All replucements und additian� �hall idtiu N� ci�ven�f by thi+ Securlty
<br /> � Instrwncnt.All uf thc tiircgoing is refcrrcd u�in thiti Sccuriry Instrumcnt uti thc"Prupuny." �
<br /> BORROW�R COVENANTS thut Bi�rrowcr ir luwfully scixed of thc cstutc hcrchy c��nvcycd unJ ba+�h�riglu to grant und
<br /> convcy thc Pruperty und that thc Pu�pcny� is uncncumbrrMi, cxrept li�r rncumbranra:��►f rccurd. Horrowcr wurrunts and wilt
<br /> defend generally the title tu thc Property a�uinst ull cluims and demundti,suhject u�any encumhrunc�ti�►1�rtt��rd,
<br /> THIS SECURITY INSTRUMENT c��mbines uniform cmenunts fnr nuHunat u�e nnd nnn-uniti�rm cnve�nt.wlth limited
<br /> �"`��°� vuriation,by juri�dictiun to constitutc u unifnrm sccurity instrument cuvcrin�rcad propcny. �
<br /> ' UNIFORM COV�NANTS.Bnnawcr und Lcndcr caven:uit und ugrcc uti folluwti:
<br /> '� „ � 1. I'ayment af Principai and Inter�stt Prepayment and I.ute Char}��w. B��rn��ver�fiull pronip�y puy when duc the ,
<br /> • , principul uf uud interest on the dcbt cvidcneai by the Note und:►ny prepaymctit and lutc churgcs due uncler�he Nute.
<br /> 2. Funds for Tux�.w and Insurance. Subjcct to uppliwblo tuw ur to u �vrittcn �vuivcr by l.cndcr,Borrower shull puy to
<br /> • • • L.ender on the day monthly payments are duc undcr the Nato,until the Note i�.puid in full,u aum("Funds') !'ar:(a>ycarly taxes
<br /> �� ` ",�•` and assessmenu which may uttain prioriiy ovcr thi,Security Instcument ati a lien on tho Pr�opcny;(h)ycudy leasehald payments r .
<br /> . � or ground rents un tbc Prnperty,if uny:(c)yea�ly hauard or property in+uruncc pc'amiumc+:(dl yearly flu�d insurunco premiums.
<br /> " . if any: (e)yearly m9rtgugc insumnce prcmiums,if any; und(fl nny sum�payuble hy B��rrawer to I.cnder. in accordance with �,;�
<br /> . '� the provisions of pamsraph 8,in l ieu af the payment of mongage insurance premiumti.The�e items arc called"Escrow Items."
<br />_..� ,. � . 1 L.ender muy, ut uny time,colleet und hold Fundx in an anwunt nut to exceeci the rnauimum wmount a Iender for a federdlly ,
<br /> 1 relatect mort€age loan may require for Borrow•er's escrow uccaunt under the feJeral Reui �state Setticment Procedures Act of
<br /> � 1974 as amended from time to time, 12 U.S.C.Section 2601 et sry. ("RESPA"),urdess another law th�t spplies to the Funds �.
<br /> . . ' sets a lesser amount. If so. Ixnder may. 1c any ttme, coliect and hald Funds in an amount not to excad the lesser amount. ,
<br /> . � � Lender moy estimatc the amount of Funds due on the basis of cuRent dnta and reasonublc c�timutes of expenditures of future ; f`�,,
<br /> ��� � Escrow Items or otherwise in acoordance with Applicable law. ��''
<br /> ' �� � " The Funds shall bc held in an institution whose deposiu ure insurcd by a fcderal ugency, lnarurnentality, or entity ;+,:�.;;'
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<br /> (including Lender, if Lender is such an institution)or in any Federal Hame L..�an Sunk.Lendcr shall apply the Funds to pay the t-
<br />° ' • ��� Fscrow Items.Lender enay not char�e Horrower for holding and applyin�the Funds, annually unalyzing the escrow account,or '.
<br /> � � verifying the Escrow Items,unless I.ender pays Borrower interest on thc Funds and upplicublc law perrnits L.endcr to m�lce such Y ,
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<br /> � a charge. However.Lender may require Borrower to a a one-time chur e for an lnde ndent re:il estate ta+c reporting service c� •
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<br /> ���b used by Lender itt cor.nection with chis iuru�, u�►i� epplicabl� !au pmi ides ottsESwlu'. t t�IPC�an aercxment is msde or ���.`�.
<br /> � applicable law requires interest to be paid,l.ender shall not be required to pay Borrower uny interest or carnin�s on the Funds. ��;�.
<br /> �, E� ., Borrower and Lendor may a�ree in wrlting,howcver,that interest shall be paid on thc Funds. I.endcr shall give to Borrower. �°
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<br /> .- ,, without charg�, an annual aecountin� of the Funds. showing ereclits and debits to the Funds �nd the purpose for whieh eueh �z;o,
<br /> �` � debit to the Funds was made.Tha Funds arc pledged as additionat security for all sums secured by this Saurity instrument. ��,
<br /> ' �i•��`• 1 � If the Funds held by i.ender cxceed the amounts permitted to be held by applicablc law, [.cndcr sfiall account to Borrower �,•�,
<br /> , „ . :. �;c for the excess Funds in accordance with the requirements of applicable law. If the nmount of the Funds held by Lender at any �"�"-
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<br /> ' time is not suf�cient to pay the Escrow Items when duc.Lender muy so notify Bormwer in writin�,and,in such case Borrower �,�_
<br /> ' ';'��? shall pay to Lender the sunount necessary to make up the deficiency. Borrower sh�ll mnlce up the deficiency in no more than �;-
<br /> � � . `''�' �` twelve monthly payments,at I.ender's solediscmtion. ����'
<br /> ���� ` ; Upon payment in full of all surns secured by thts Security Instrument. l.ender shall promptly refund to Borrower uny �3;^r
<br /> "�'``'�'•�� '�� � Funds hcld by Lender. If,under paragraph 21.t..ender shall acquire or sell the Propeny.[.ender,prior ro the acquisition or sale �:=
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<br /> ��-+--�y..s. of the Property,shalt apply m►Y Funds held by l.ender at the time of acquisitton�r sale as a credit against the sums secured by �-•.,
<br /> =- ��► thts Security Instrument. r •�'�
<br /> j �r� ,-'�'j' .-� 3.Applleatlon of Pay�nents.Unless applicable law provides otherwise.�II payments rcceived by Lender under paragrapiis
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<br /> .:;�,.;'_f.;..`',* , 1 and 2 shutf be appl3ed:first,to any prepayment charges due under the Note; second.to amuunts payeblc under paragraph 2: �`i,
<br /> ;'°�;;:; '� third,to interest due;fourth.to principal due;and last,to any late charges due under thc Note. �__.
<br /> - :i� 4.Charges; Lten.g.Borrower shall puy all taxes. ussessments. charges. fines and imposittons c�ttributable to the Prnperty �__
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<br /> ,,�.: whtch may attain priarity over ttiis Saariry Instrument, und leasehold payments or gmund rents,if any. Borrower shall pay �-,_.�
<br /> {:-,;,;;;.;,„:�,: :g� these ubligations in the manner prov9ded in parngraph 2,or if not p�id in.that mar►ner,Bo�mwcr shall pay thcm on time directly �::`
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<br /> : .:,,jLb••• to the person owed payment.Borrower shall rom tl fumish to Lender nll notices of umounts to be aid under this ra ra h.
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<br /> .,.t • '" If Horrower mukes these payments directly.Sormwer shnU promptly Pornish to I.ender receipts evidencing the payments. `:;:
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<br /> ,��.,,� ,_ �; �;1 Bormwer shall promptly discharge any lien which hus prioriry over this Security InstNment unless Borrower: (a)agrees In �...
<br /> writin�to the payment of the obltgution secural by the lien in a manner ucceptabic to L.ender; (b) contests in�ood faith the tien
<br /> '.��� � ��. .� � I by, or defends against entorcement of the licn in, legal proceedtngs which in the I.snder's opinlon og�erute to pmvent the ��
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<br /> enforcement oF the lien;or(c)secures from the holder of the iien an agreement�atisfactary to Lender subordinatin6 the lien to
<br /> � �' �� this Security Instrument. If Lcnder determines that any part of the Property is subject to a lien which may uttain priority over
<br /> ' ` : . ° this Security Instrument.Lender may give Borrower a notice identifying the lien.Barrower shWt satisty the lien or take one or
<br /> ` more of the actions set forth above within 10 days of the giving of notice.
<br /> ' Form 3028 9J80
<br /> � Pnpn Y ol 6
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