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<br /> TOt3ETH8R'i1VITH ail thc improvementa now or hereaftcr erected°d ¢dditionsrtshall also be covtaered b�Secufiry
<br /> tixa�res now or hemafter u pnrt of the property. All replwcements an
<br /> instrument.AII of theforegoing ia referre�i to in this Security Instrument as the"Property•"
<br /> BORROWER COVENANTS thnt Boreower is lawfully seised of the estate hereby conveyed and has the dght to gmnt su►d
<br /> convey the Propepty and that the Properry is unencumbered, except for encumbrances of record. Borrower warrnnts and wlll _
<br /> defend generally the dtle to the Property against all claims and demands,subject to any encumbrances of rccard.
<br /> THIS SECURITY INSTRUML�NT combirtes unifomn covensnts for natIonal use und rton-unlform covenants wlth�lmlted
<br /> verlations by Jurir,dicdon to cansticeite a uniform r;ecurity instrument covcrIng real property. �
<br /> UMFORM COVENANTS.Borrower and Ler►der covenant and agree as fotlows: —
<br /> 1. paymen3 of Principal and Intcresti A'epayment end Late Charges. Borrowcr shall pmmptly pay when due the
<br /> principal of and jnterest on the debt evidenced by the Note and any prepaYment and Iate charges due under the Note.
<br /> 2.Funds for Taxes and Luurtince• Subject to applicable law or to n written waiver by Lender.Horrawer shall pay to
<br /> 1„ender on the day manthly payments are due uadYr the Note,untll the Note is paId in full.a sum("Funds")for.(a)yearly taxes
<br /> and assessmeats which may attain priority over this Sccurity[nstrument as a Ifen on the Property:(bl YeadY leasehold payments __
<br /> or�round rents on the Property,if any:(c)Yearly hazard or property insurance premiums:(d)Yearly fload iasurance premiums.
<br /> if any;(e)yearly mortgage iasurance premiams. if ciny:and(�a�►Y sums payable by Horrower to Lender. in accoMance with
<br /> the pmvisioas of paragraph 8.in lieu of the payment of�nortgage insuTance premiums.These items are called"Escrow Items•"
<br /> Leader may, at any timme,collect and hold Funds In an amount not to exceed the maximum amounc a lender for a federally
<br /> related mortgage loan may require for Borrower's escrow account under the fedoral Real Estate Settlement Procedures Act of
<br /> 1974 as amende�i firom tin►e to tlme. 12 U.S.C. Sectioa 2601 et seq. ("RFSPA").unless another law that applies to the Funds
<br /> seu a lesser amount.If so. Lender may. at any time.collett and hold Funds ia an autount not w exceed the lesser aznount. �
<br /> Lender may estlmate the amount of Funds due on the basis of current data and reasonable estlmate,s of expenditures af fut�re
<br /> Fscrow Items or oiherwise in axordaace with appiicable law.
<br /> The Fuads shdl be held in an iasdtut�on whose deposIts are insured by a federal agency, instrumeatality. or emIty
<br /> (including Lender.ff Lender is such an institution)or in any Federal Home Loan Banlc.I.ender shall apply tbe Funds to pay the
<br /> Escrow Items.Lender anay not charge Borrower fbr holding and applytc►g the Funds.annaa�ly snalYzinS tt►e�c�ow acoaunt,or
<br /> verlfying the Escrow Items,unless Lender pays Borrower intemst on the Funds and applicable law permits Lender to make such
<br /> a cl�arge. However,Lender cnay require Bormw'er to Pay a one-time charge for an independent real estace tax report�ng service
<br /> ussd hy I.ender in ooiu►ettIon wittt this loan, unless applicable law provldes ot6erwise. Unless an agreem.ent is auide or
<br /> appllcable law requires iuterest to be paid.Lender shall not be regulred to pay Bosower any interest or earnings on the F�u►ds.
<br /> Borrower aad Lenda may agree in writing.however,that iaterest shall be paid on the Funds.Lender shall give to Bormwer.
<br /> without charge. an annual accounting of thc run�s, showing cczdita,n,i�d�iri�;to thc Fuad;sad shs gurg�� for which each .
<br /> debit to the Funds wes made.The Funds are pledged as acf3ittonal security for all �le I�aw�. Lender sh�oca�nrrower
<br /> If the Funds held by Lender exceed the amounts pem�itted w be held by app
<br /> for the exccss Funds in accordance wtth�he recluirements of applicable law.If the amount of the Funds held by Lender at aay
<br /> � time is not su�cfiem to pay the Fscrow Items when due.Lender may so notify Borrower ln wri�ng,aau1,ia such case BormWer
<br /> shal!pay to Len�er the amount necessary to make up the deficiency. Borrawer shall make up the defldency in no more than
<br /> twelve monthly payments,at L.ender's sole discreiton.
<br /> Upon paymora in fufl of all sums secured by this Security Inscrun►ent, Ixnder stiall pmmptly refund to Borrower any
<br /> Funds held by L�nder. If,wqder paragraph 21.Lender shall acquire or seU the Pcoperty.Lender,prlor to the acquisition or sale
<br /> of the Property, s1�ll aPP�Y�Y���held by Ixnder at the tirae of acquisition or sale as a c�edit egainst the syms secured by
<br /> this Serurity Iustrument.
<br /> 3.ApplicatEoa o8 Payments.Unless applicable law provides otherwise.all payaaents ra�ceived by I.euder under paragraphs
<br /> 1 aud 2 shail be applied:first.to any prePaYment charges due under the Note;s�ond. W amounts payable i�der paragraph 2;
<br /> third�to imerest due;fourth,w principal due;and tast.to any lat�cbarges due under the Note.
<br /> 4.Ctiarges;Uen.s.Bornower shalt pay all taxes,assessments.charges, fines and imposidons attributable to the Pmperty
<br /> which may attain priority over this Security Ia�stcument, and leasehold pnyments or ground reats,if any. Borrower shall pay
<br /> these obligations in the manner pmvided in paragraph 2.or if not paid in that manner.Borrower sball pay than on time dlrectly �
<br /> to the petson owed payment.Borrower shall promptIy furnish to Lender all norices of amounss eo be paid uader this paragraph.
<br /> If Bomuwer makes these payments directlY.Borrower shall pmmpdy fiunish to Lender�eceipts evidencing the paymems.
<br /> Borrowec shall promptly discharge any lien which has priority over this Securlty Instrument unless Borrower: (a)agt+ees in
<br /> writing to the payment of the obligatlon secured by the lien ia a manner soceptable to L.ender,@)oomtests in good faith the lien
<br /> by. or defends ageinst enfonement of the lien in. legal proceedin8s which in the Lender's opinion operate to prevent the
<br /> enforcement af the lien;or(c)secures from the holder of the lien an agreemeat satisfactary to Lender subordinadng the lien to
<br /> this Security Instniment.If Lender detemrines that any part of the Property is subje�R eo a lien whicb may actain priority over
<br /> this Security Instzument,L.ender may give Borrower a nodce identifying the lien. Bornower shall satisfy the lien or take one or
<br /> more of the actions set forth above within 1Q days of the giving of notise.
<br /> Form 3028 8180
<br /> Pagozms
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