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' . .� `:� _ .. ,. . . . __ �_ .;:. ,. . � . . - � . � . ,,. ,. =,�s:'�',`i:�'.�'p�±i.�°�i��"'- . _ _ .. �,cti.�.—� ---'�.'-' ---- ----_. --..r __�__ �_�a..__�.� ,.----- .95.,�46�•`�� . 'I'0(3B1'HBR WITH nfl thu Impmvements naw or henaRer ercetod on the property, t�nd ul1 easemcnte,appurtcnunces,nnd fixtures now or hereafter a part of tho property. All npl�cemoms and addttiuns shall also be covered by thia Secudty instcuunamt.AIt uP tl�e fangoing la refemd to in this Sccuriry Instrument As the"P�+nperry." BOItROWBR COVBNANTS that Horrawu is lawf{tity seised of the estsn hereby cxmveye�l u��d has the ri8hi ta grant und ainvey the Property and that tht Propetty ia unencumbend.except for encumbn►nces of eecord. BOROWti WAfl'8R18 a1Nj WjII defend gemrally the title to tbe Pcaperty egainst all cla[ma und demands.subj�ct to any encumbrnnces of maord. THIS SBCIJRITY IN51'RUMBNT rombInes uniform covenants for nationnl use and non-aniform covenants with Nmited varlattons by judsdictfon to mnsdtute a unlform security instrument coverIng real property. UNIPORM COVENANT3.Botrower and Lender covenant and agree as followa: 1.�yment ot Principal and lateresti �P�Yma►t �nd Lxtc CiwBes. B°n°M'°r dutll proa�pdy pay when dua thn principat of and intarest on the debt evtdenced by the No�e and any pnpayment and late charges due under the Note. 2.F�nds for T�x�w Aad inqurance. Subject to applicabie law or w u wdtten.waiver by I.ender. Borrower shall pay ta Lender on tho day aianthly peyments are due under tho Note,until the Nate 1s paid!a f�ll.n sum("Funds")for:(a)yeady taxes a�d assessmenta whic6 may attafa prlorlry over thfs Security Instrumeat as a lien on the Property;(b)Yearly leasehold payments or gnound renta on tha Propert�r�if nrry:(c)Yearly hazard or propetty insurance preminms;(d)Yearly flaod insurnncx pnmiums. if any;(e)yezuty martgage in�utancx premiums.If any: aztd(�anY sums payabla by Hareuaer to Lender. in axu�+danca wlth the pmvlsions of paragraph 8, in lieu of tha puyment of mc►rtgage iasurance premlums.These items are caUed"Bscrow Items." L.ender may. at uny time. colLect and hold Funda ia an amount not to eacxod tbo meximum amount a fender for a federally � related mortgage loaa may require !or Borrower's escrow account under the fwteral Real Estate Setttemeat Procedures Act of 19T4 as emcnded from flmc w time. 12 U.S.C.Sectton 2601 rt seq.("RBSPA").unless another law that applies to thB Pu��ds seta a lesser amount. If so�Lender may, at eny time, cullect and hold Funds in an amount not ta excood the lesser amouat. Lender may esttmate tde amount of}�wids due oa the basIs of current data and reasoaable estimates of espendituren of future Escruw Items or otherwise In acoordauce with appUcable law. The Fnnds shall be heid in an iastitution whose depooits cue insnred by a faleral agency. instruraentality. or entity (including(.ender.if Leader is such an instltution)or in eny Pederal Home Loan Banlc.Lender shall apply the Funds w pay th� Escnow Items.Lender may trot charge Sorrower for holding aud epplying the Funds� annually analyzing the escrow a000unt,or verif�ing the Fscrow Items.unless I.ender Days Aorrower iaterest on the Funds and applicabie law permits I.ender to make sucb a�:harge. How�ver.L.cader may reyuire Borrower w pay a one-dme charge for an independent rca!estate tax reporttag service ustd by I.etider L►connectian wwith this toan, unless eppl�cable law prov[des othenvlse. Unless en agreeuient is made or applicable law requjres interest to:3w paid. Lender shaU not be required to pay Borrower any interest or eaznings on th�Fanda. Borrower aad Ixnder may egree in wcitfng,however.that iaterest shali be paid oa the�unds. Lender ahail give to 8orrower, without charge,an annual aocaunttng of the Funds, showing credite and debits tu the Funds and slie pw�pose far which esch debi�w the F�nds wax made.The Funds ara plodged as addittonal security for ell sums secnred by this Security Insaument. If the Funds held by Lender eaceed the amounta pem�itted w be hefd by applicable Isw,Lender shall acrnunt to Borrower for tt�a eacesss Funds in accordance with the requirementa of applicable law. If We amount of the Funds held by I.ender at aay time ia not sufflctent to'gay the Escmw Items when due,Lendcr may so notify Borrower in wrltiag.and.in such case Bonower shill pry W Lender the amount necxssary to make up the deficiency. Borrower shall make up the deficiency in no moro than twelve montWy payments.at L.ender's sole discretlon. Upon pAyment in f�ll of all swns secured by ti►js Secvrity Iastrument, Lerder ahall prompdy refund M Botrower'any Fw�ds held b�Lender.lf,iu►der paragraph 21.Lender shali acquire or setl the Prapaty.Lender.prior W the ac:quisitlon or s�lo af the Property,shall apply any Funds heid by i.ender sit the dtaa uf acquisition or salo as a credit against the sums�ecurod by t818 Socudly Insaument. � . �. 3.Applkat[on�of PAymFnts.Unless applicable ln�v provIdes otherwise,nll payments raeived by�L.ender under perag�apha . ' " i u�d 1 sbaU be applied: first,to any prepayment charges due under the Note;scoor�d,to amounts payable under paragraph 2; " third,ro interest due:fourth,to principal due:and last,to any late charges duo under the Note. /. Charges;Lien9. Bormwer ahall pay all taxes, easessmants,charges� fines and impositIons aurlbutable to fhe Property which may atuin prlorIty over thia Security Instrument,end l�sehold payment�or gtound t+ents.if any. Borrower ehall pay these obligations in the manner prrnideG in paragraph 2.or if not paid in that mazuter.Borruwer shall�ay them on time dicectiy to the peraon owal paymem.Borrower shaU promptly fumish to Lender atl notices of amou�r�s w bc paId under this paragraph. If Borrower makes these payments direcdy,Borcower ehall pmmptly fumish to Lender receipts evIdencing the payments. �8orrower shall promptly discharge any llen which has prlorlry over thie Sccurtty Instrur�nt unless Barrower:(s)egrecs tn wdting to the payment of the obligation saured by the lien in a manner acceptable to Lender;(b)contesta in good futth the lien by, or defends against enforcement of th�e lien in, legal proceedings whtch in the Lender's opinton operate to prevent the enforament of the lien;or(c)setures from the holder of ihe licn an agreentent sat�sfactory to Lender�subordinnting the lien to thls Securtry Inst�ument. If I.ender detennines that any part of the Property is subJect to e lien which may attain prioriry over this Secudty Instrument, Lender may give Borrower a notice identlfying the lien.Borrower sitali sadsfy the lien or take one or mor+e of the actions set forth alwve wIthin 10 3ays of the giving of notice. Fo�m 3028 9190 Fposote