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<br /> TOCiBTHBR WITH ati the lmprovements now an c�reafter erected on tho property,and n!I ea.sc enf"s.'�'p}�u en ces.and
<br /> fixtures now ar heceufter a part of the property. AU replaceraents and additians ahalt,alsa be covered by thjs Security
<br /> Instrument.Aii af thc foregotng is referred ta in this S�urity Instniment as the"Property."
<br /> BOItROWEft COVENANTS th�rt Horrrnvcr is Inwfully s�ised af the estate hereby conveyed and hns the rfght to grant and
<br /> convey the Property nnd thut the Property is unencumbered.except for encumbrnnces of record. Borrower warrants and wjli
<br /> dofend generally the title to the Property ugn�nst ail claims and demands.subject ta nny encumbrances of record.
<br /> TH[S SECURITY INSTRUMENT combines uniform covenants for national use and non-unifocm covenants with 13mited
<br /> variationa by Judsdiction to constitute a aniform secudty insmmtent rovering real ptaperty• -
<br /> �i2:ai.^,a::�.`:7°.".'.::,�TO.�""°°•°•�"'i r..rulAr cnvenant and aarce as follows:
<br /> 1. Paymicnt op A9acipal und Interes� Pregayment end I.ute Charges. Bormw.er si.all Fromptly pay when aue cite
<br /> principal of nnd intecwst on the debt evidenced by the Note and any prepayment and tate charges due urder tha Nate
<br /> Z. F'uttds tor Taxes and It�sut�utce.Subjert to applicable law or to a wrltten walver by Lender. Borrawer shall pay to
<br /> L.ender an the day monthly payments are�due under the Note,unul the Note Is paid In fuU. a sum("Funds")for:(a)yeariy taxes
<br /> and assessmente which may attain priorlty over this Secudty Instrument as a lien on the Property;(b)Yearly leasehold payments
<br /> or ground renu on d�e Property.if any;(c)yeariy hazard or properry insurance premiums: (d)yearly flood iasurance premiume.
<br /> if any: (e)yearly martgage insurance premituns. if eny;and(� any suma payable by Bonower ta Lender.in accordance with
<br /> the provlsions of paragraph 8, in lieu of the paymeat of mArtgage insurance premlums.Theso iicros ace c:illed"F.ssrow Items." °
<br /> Lender may.at any time. collect and hold Funds in an amount aot to axcee�l the maximum amouat a lender for a federally
<br /> relsted mortgage loan may require for Borrower's escrow account under tlie federal Real Estate Settlement Ptocedures Act of
<br /> 1974 r�s amended fmm time to time� 12 U.S.C. Sectlon 2601 et seq. ("RESPA").unless another law that applies to the Fucsds
<br /> sets a lesser amount. If so. Lender may. at any time. coilect and hold Funds in an amount not w exceEd the tesser ainaunt.
<br /> L,ender may estimate the amount of Funda due on tlte basls of cument data and reasonable estimates of expendItures of fuh►ra
<br /> Escrow Items or otherwlse in accordance with applicable law.
<br /> The Funds shnll bo held in an InstItution whose deposits are insured by a federal ageacy, instcumentality. or endty
<br /> (including Lender.if L.ender is such an inst�tution)or in any Federal Home Loan Bank.Lender shaU apply tbe Funds to pay Lha
<br /> Escrow Items. Lender may not charge Borrower for holdiag ancl applying the Funds.annually eaa►yzing the escrow aocount, or
<br /> verlfyjns the Escrow Items,unless Lender pays Borrower interest on the Funds and applicuble law permita I.xnder to make suob
<br /> a charge. However.Lender may nequioe Horrower to pxy a one-i[tiia Chaig�fat'au ftid�Y sesl esiate tRSt tegQiting�'t'v!c� _.
<br /> used by Lender in cannection with this ioan, unless appliceble law provIdes othervise. Unless an agrcement is made or
<br /> applicabie law requir�interest to be paid,L.ender shaU not 6e requirod W pay Borrower any inurest or eamiaga on the Funda.
<br /> Borrower and Lender may ag�+ee in wrtting. however� that interest shaU be paid on the Funds.I.ender sht�ll givQ to Bortoaer,
<br /> without charge, an wmual accounsin�of the Punds, showing credits and debits w the Funds and the purpose for which each
<br /> debIt w the Funds was made.The Funds are pledged as addltional security for ull sums secured by thia Security Iastcument.
<br /> If the Funds held by I.ender excced the amounts permitted to be held by appllcable law. Leader shell accaunt w Borrower
<br /> for the excess Funds in accordance with the re�uirements of applIcable law. If the amount of the Funds held by Lender at any
<br /> time is not suffieient to pay the Psarow�tems when due,Lender may so aotify Borrower in wrttir�.and.in such case Horrower
<br /> shall pay W i,ender the aaiount necessary to make up the deficiency. Bornawer shall make up the deficiency ia no more than
<br /> twelve monthly payments.at I.ender's sole discr�tion.
<br /> Upon payment in full of all sums secured by this Secudty Instrument. Lender shall pmraptly refund to Bornower aay
<br /> Funds held by i,ender.If.under paragraph 21,I..ender shall a�quire or sell the Property.I.ender,prior to the acquisidon or sale
<br /> of the Property,ahalt apply any Funds held by Leader at the tiare of acquIsition or sale as a cretlit against the sums secut+ed by
<br /> this Secarity Inawment.
<br /> 3.Appllcallon o!I4ymeatte.Unless applicable itaw provtdes otherwise.all payments received by Lendet under paragraphs
<br /> 1 and 2 shult be epplied:first,to any prepayment charges due under the Nete; serond,to amounta payable tutder pan�graph 2;
<br /> third.to Interest dne;fourth.to princ�pal due;and last.to any late charges due under the Note.
<br /> 4.Charge3;Ltens. Borrower shall pay all taxes,essessments,ch�rges.fines and iimposjdons attributable to the Propeity
<br /> which may attain pdority aver this Securlty Insuument, and leasehold payments or groand rents.lf su►y. Borrower shsll pay
<br /> Wese obligations in the munner pmvtde�in paragraph 2,or if not patd in.that manner.Borrower shall pay them on dmo direcdy
<br /> � to the person owed payment.Borrower ahall promptly furnish to I.ender al!aotices of amounts to be paid under this paregraph.
<br /> If BoYrawer.makes these payments directly.Borrower shall pmmptly furaish to Lender ceceipts evidencing tha payments. .
<br /> Borrower shssti promptly discharge aay lien which has pdorlty over this Secudty Instniment unless Borrower:(a)agrees in
<br /> wtiting to the payment of the obligation secUred by the l�en in a manner acceptabie to Lendcr:(b)contests in good faith the lien
<br /> by. or defenda against enforcement of the lien in. legal proceedings which in the Lender's opinton operate to prevent tha
<br /> enforcemant of the Uen;or(c)secures from the holder of the lien an egreeraent satisfactory to�ender subordinstting the lien w
<br /> this Securiry Instrument. If Lender determines that any part of the Property is subjert to a lien wfiich may atwin priority over
<br /> � this SecurIty Instnrment,Lender mi►y givo Borrower a notica Identifying the Iten.Sonower ahall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of nottce.
<br /> Fo►m 3�48 9190
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