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<br /> TO(iHTHFR WI'CH nl�tho improvemanta now or hereafter orated on the pmpe�:uc►d all eiwementa, uppunenunces.and
<br /> flxtures naw ar hereufter a purt of the pmperty. All replaoe�rttente ar►d additions shali alsn be cavered by this Secuflry
<br /> Inatnumnt.Ail af the fore�oing is refened to in thia Secudty Inatrument as the"Property,"
<br /> BORROWER COV6NANTS that Barruwee fe lawPolly ssise�!af the estate hereby conveyed and hasthe rtght to gtant and
<br /> convey tBe Praperty nnd thnt the Propeny ia u�iencumixre.ct,exccpt fur encumbrnnces of record. B�rrotv���vartants nnd will .
<br /> dofend genernlly the title to the Property againat all claims and demwuis,subject to any encumbrances af recard.
<br /> THIS SECURITY INS'fRUMENT mmbtnes unifonn covenants for nattonnl use and non-uniform wvenants with limised
<br /> vurlations by ju�isdiction ta consdt►ete a uniform secudty instrument covering real property.
<br /> UNIFORM COVBNANTS.Horro�ver and L.ender covenant end agrce as foilows:
<br /> 1.Fayment ot PrinclpW rud Interesti PreW►3nnent nnd I.ate ChArges. Borrawer shall proaipdy pay when due the
<br /> principul of nnd interest on the debt evidenced by the Nota and any prepayment and Iatc char�es due under tha Note.
<br /> 2.F�nds for Taxes And Insurunee.Subject to applicable law or to a wr�nen waiver by Lender. Borrower shall pay to
<br /> L�nder on the duy monthly payraent�are due under the Note,until the Note is paid in fuU.a sum("Funds')for:(a)yearly taxes
<br /> and assessme�ts�Hhich may attain priodty over thia Secudty Instn�ment es a Iten on the Property:(b)yearly leasehold payments
<br /> or ground rents on the Pmperty.if eny;(c)yearly hazard or property iasurance premiums:(d)yearly flood insurance premiuma.
<br /> if any;(e)yqrly mortguge insuriu►ce premiums. if ar►Y:and(�any sums puyable by Borrower w I.ender. in acx�rdancs wlth
<br /> the ptnv�sians of pruagcaph 8.in lieu of the payment of mortgage irsurance premiuma.Tbes�iums are called"Escrow Items."
<br /> Lender may,at any dme,collert and hold Funds in an amount aof.ro exeeed the maximum emount a[ender for a fecleraUy
<br /> celated mortgage loan may cequire for Borrower's esemw aeeount under the federal Real Estate Settlement P�+oce�ures Aet of
<br /> 197�as amended fcom time to dme. 12 U.S.C.Section 2601 et seq. ("RPSPA"),unless another law ihat applies to the Fwuis
<br /> sets a lesser aa►ount.If so. Lender may,at any tlme. callect aad hold Nunds in an amount not to exceed the leaser amouat.
<br /> Lender may estimnte the amount of Funds due on the baste of cutrem data and reasoaable estimates of oxpenditures of future
<br /> Escrow Items or othenvjse in axordance with eAplicable law.
<br /> The Funds ehall be held ia un institution whose deposits at+e insured by a federal agency. inswmentality, or entity
<br /> (including Lender.if L�ender is such an insdtation)or in any Federat Home Loan Hanlc.Lender shall epply ttie Fnnds to pay th�
<br /> Escrow Items. Lender may not charge Borrower for holdiag a�►d applying the Fnnds.ennualiy snalyzin�the escmw account,ur
<br /> verifying the Escl+uw Items,unless�.ender pays Borrower Intcrest oA the Fdnds and appiicable taw pem�ita I.encler to muke such
<br /> a charge. However, I.ender may require Borrower w pay t►ane-time charse for un independent mal estate taa reparting servtce
<br /> used by Lender ia connertion with this loan, unless applicabie iaw provides otherwisc. Uatess an �;rc�►�iv�►t {s r�ade a;
<br /> applicable law requins interest to be paid,Lender shall not be required to pay Borrower any interest or earninga on the Fwids.
<br /> Borrower ac►d Lender may agree in wdting,however. that interest shall be paid on the Funds. Lender shall give to Borrower,
<br /> wIthout cherge.an annnel accow►tin8 of the Funds, skowing cre�its end debits to ihe Funds nnd tbe purpose for whlch each
<br /> debit to the Funds was mado.'fhe F�nds ure pledged as addidonal securitl+for aU sums secured by this Securiry Instrument.
<br /> If the Funds held by La�der exaed the amounts permitted co be held by applicable law.Lettder shell account to Bornower
<br /> for the eaasa Funds in aocordaRCe with t�e reqairements of mppltcubie law. If the amount of the Funds held by Lender at any
<br /> time ta aot sufftcient to pay tha Escrow Items when due,Lertder muy so nodfy Bcrcrower in writing.ead,in such case Borrower
<br /> shall pay to L.ender tha amount necessery to make up the deflciency.Borrower shaU make up the defictency in no moro than
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> Upon paya�ent in full of aU suma secured bY thia Secur�t3' Inauument� Lender shalt promptly refund co Borrower any
<br /> Funda held by J.ender. If,under paragraph 21.L.ender ahaU acqulre or sell the Pro�e�ty.Lender.prlor to tha arquieition or eale
<br /> of the Property.shalt apply any Funds held by Lender at the time o?acquisitlon or sale us a cre�it against Ne sums securad by
<br /> t}ds Security Instrument.
<br /> 3.ApplicaHon oi Payments.Unless appllcable law provides otherwise.all payments i�eceived by I.ender under paragcaphs
<br /> 1 end 2 shall bo qpplied:first,to sny pnepayment charges due under the Nate;second, w amounts payable under paragraph 2;
<br /> third.to inurest•due:fourth,to prtncipal due;and last.ro any late chatges dua under the Note.
<br /> 4.Cdarg�;Uens.Borrower shall pay all taxes,assessments. charges. fine.s and impositions attributable to the Property
<br /> which may attein priority over this Securlty Instniment,and leasehold payments or ground rents, if any. Borrower shall pay
<br /> these obllgations in the manner pmvlded in paragraph 2.or if not paid tn that n�anner.Borrower shall pay them on time directly
<br /> to the person owed payment.Horrower shal!prompdy furaish to i.ender all notices of amounts to be paid under this paragraph.
<br /> If Borrower makes these payments directly.Bormwer shalt promptly furnish w Lender receipts evidencing the payments.
<br /> Horrower shall pmmpUy discharge any lien which has priority over this Securlty Insm►ment w�iless Borrower:(a)agrees in
<br /> writiag to the payment of tho oblSgation secured by the lien in a manner aooeptabte to Lender;(b)wntests in gc�ai faith the tien
<br /> by, or defenda�gainst enforccmem of the lten in, le�al proceedings whtch in the Lender's opinion opernta co pnwent the
<br /> enforcement af the lien;or(c)s�ures from the hoider of the lien an agre�ment satisfactory to i.ende�subordinadng the lien to
<br /> thia Socudty Iastiument.If I.ender detennines that any part of the Pcoperty is subject to a lien which may attnin prioriry over
<br /> this gecurity Instniment,Lender may give Borrower a notice identifying the iien.Borrowcr shall sadsty the lien or take one or
<br /> more af the acdons set forth above within t0 days of the.giving of nodce.
<br /> Form 90.?8 9l80
<br /> Pege 4 ot 6
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