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<br /> TiOGfi3'FlfiR 1VIT1-1311 tho impr��cin�nts no�v or�r.reaRer crected on the pro��eny,und all eascments,�ippw2ens►r,ccs,and
<br /> fixtui-;:�� n�sv�• ur (icreaQce a E�a�t of' ti�c �rap:►��y. Ali �c�li�ccrncnts nnc� ndditio�is shn(i cd:;o hc covcrcd !�y thlA Sccurit;�
<br /> I��strunt2nt./`bll uf i1�c furr.gofnII is��cl'eri��1 t��iq tl�it��ccurity insuuir►cnt n��Iftc"6*ropr�ry,"
<br /> 130RROWC?R COV�NAN7S that Horrower is la�vfulty seler.d of the estnte het�hy rmiveyccl aud hns the right t��rant cmd
<br /> t;uuvcy iL� Fi'��UE1C51y SIitI �PIiiI �EIG Fn�,.:.iiy is un_ncu�nuL�t�, e;,c�pt for en�urybr.:nres oF reeord. �orrawcr wnrrnntc nnd will .
<br /> dc^fend ge�zernily the tUle ta tho Prapeny ngufnst:►II clnims and demnnds,s�bject to rmy encumbrnnccs of recor�i.
<br /> THIS S�CUR[7'Y INSTRUMENT co�nbines unifom�covcnanis for nationel u�e nnd non-nniform covcna�its with fimltod
<br /> ����iwtion:+by jurisd(ctio�i to coustitute a uniform sa:urity instrument coverin�real proneny.
<br /> UNINUi�lVl COVi?P1At�17'S. 13arrower and Lendor covonuut mid i�yrce ua fuUuwvs:
<br /> l. I'a�mr.nt of Principal and Ynterest; Prepay�nent wnd I.ut�Charges. Borrowcr shall promptl,y pay whcn duc thc
<br /> princ�p��nf.rtrr,!interest on ti�c dcht evidertccd by the Nate mid nny pr+�pnyn�ent nnd lutc chnrges duo undnr thc Note.
<br /> �. k'unti4�tnr Taxes enr�In�urAnce. SubJect to npplicable la��i or to a written waiver by I�:nd�r, Borrower shall pt►y to
<br /> f.ende.r an tn.+dTy mondily pnymcnta Are duo under tl�e Note,undl the Note is paid in full,a sum("Fundr,")for:(�)yonrly texes
<br /> nnd asr�:ssm:nts which may attain priority over this Secudty Instcument as a lien on the Property:(b)yearly lcasehold paynients
<br /> or grouixl ronts�n the Property,if any;(c)yonrly huaar�or pro�rty insurnn�e pn:miums;(J)ye�zrly fluod Insu�•ance premiumn,
<br /> if nny; (c)y�arly mortgnge insurance premiums, if uny; and(fl any siims payablC by f3orrower to Lender, in accordana with
<br /> tho provislons of pnragraph S, in iieu af t6e pnymsnt of mortgnge insurance pre►niums. These itRntt�are c.�lled "F.scrow Items,"
<br /> Lender nury. nt any lim:. collr,ct and liold Funds in an Atnount not to exceed th�:mnximum mm�unt a Iendnr for 1 federally
<br /> related martgage loan may require for Borxo�ver's escrow account under the fed�r.�J R�.al Estnte Seitlement Pnac9dures Act of
<br /> 1974 as ame¢►ded from time to time, 12 U.S.C. Scction 26Q1 et seq. {"RFSPA"), unl�ss anather law that applics to the Funds
<br /> sets r�lcsser amount. If so, L.encicr m�y, ut nny tin�a, collect and hold Fund�s ln ,an amount not to excecd tho lesser amount.
<br /> Lenc!tx mr+y estimnte the amount of Funds due on the basis of current dat�and rrt�sonable estimutes of expenditures of fUQU�
<br /> �scs�tv lt�a��or otherwise in acoordanco�vith app9ict�ble law.
<br /> Tt,o Funds shall be hcld in an Institudon whose deposits nre insured by a fcdcral agency, lnstrum�ntality, or entity
<br /> (inc�t�ing[,ender,if Lender is such nn institution)or in any Federal �lomc Loun Bank. Lendar shnll apply the Funds ta pay the
<br /> Escrmv tm:ny.Lender mny not charge 13orrower for holding and npplying tho Funds,aanunity�nnlyzing the escrow nGCOUnt,or
<br /> v�rifyi��k;d►a�scrow Itcros.unlcss Lendcr pays Botrower interest on tha Funds and applicablc 1����permits Lender to cnake su�h
<br /> ' a ch:a•E}y.�i'•o�vever. I.ender may reyuir��3arrower to pay u one-tlme charge for an inde{�enden2 teal estete tax reporting s�rvice
<br /> . �ksed by Plrnder in connection with this loAn, unless Applicuble law provides utheiwise. Uciless an agrecment ls made nr
<br /> applic.abI�9:iw requims interest to be paid, Lender shnit not be reyuired to pay Rar.rawer any interest or r,arnings un the Funds.
<br /> Dorrow�c:,nd Lendsr may agrce in writin�, however, that inter�st sl�all be psid.qr�the Funds. I.cnder shall�jve to Barrowsr,
<br /> witl�.7u.t c?�nrgc, an annu�l nccounting of the�unds, showtn� credits and dzbits tu the Funds and the purposz far whicfi�eh
<br /> dcbit to r.he,Funds was madc.T'he Funds are pledRed as addition�l socurity for aLl snms secured by this Sec;urity instrumknt:
<br /> • If the�unds held by L.ender exceed the amoanta peim�itted to be held by appiicablc lnw.L.ender shali accapnt to g�rYnwer
<br /> for th�e oxcess Funds in accardancc with the Eequi�mcnts of npplicable law. If 4h�alnaunt of the Funds hold by Lender ut any
<br /> time is not suf�cient to p�y the Escrow Ztems when due.I,endcr may so nutify Bar.rowor in writing.and,in suGh c,�se Bonawer
<br /> shali nay to Lender the lmnunt ncxe:sary to mnke up the deflciency. Borrower ahsll nu�ke up tha deficiency tn no more iti�tn
<br /> twelve moi�thly paymerds,at L.cnder'9�salo discretion. • '
<br /> Upon peyment in fu11 of all sums secured by th1�Securlry Instntment, i.ender shall promptly refund to Borrower any
<br /> Funds held by Lcndcr.lf,under paragraph 21, I.ender shull ucquire or seil tho Prope�ty,Lender,prior to the acquisitian or sale •
<br /> of the Property. shnll apply any Funds held by I.ender at ihe time of aoquisition or salc ss e cr�dit against the sums sxurt�d by
<br /> Ihis S�.tivrity It�sttvment. .
<br /> ' 3.A�76c�tion of Pstymente.Unloss applicable I�w provides at�erwise,all payments rcccived by Lcnder undee pr.rngr�phs
<br /> 1 aix12 shA�]be appliod: fir.st, to any prcpayment chnrgas duo under the Note;second. to a�nounts payable under parngrap?�.2;
<br /> third.to intenst due;fourth,to psincipal due;and Is�st,to any latc chargES due undcr the Note.
<br /> � 4.Chat�es;Liens.�E3orrowcr shall pay ull tnxes, assessments, churges, fines ancl impositfons amibutable ro the Pmpecty '
<br /> Khich may attain prioriry'bver this Scxudty Instrument, a��d Icaschold payments or p�mund rents. if any. Barrower shall �a,y '•�;::`
<br /> thesc obljgations in the ma�u�cr�ravit�ed:in parngraph 2.or if e�c�t puid in that manner,Horroalcr shal!pay them on t(me ditucdy, . ��
<br /> to the person owed payrnent.�nrrower shull prqmptly furn�sh to I.�►�der all notices of amounts Yo be paid uncl�r this pan�g��jsi�:� :,:
<br /> If Honower makes thesc.yt+yments direcdy.Borrower sh�ll promptly furnish to Lender receipts ovidencing the payrnents.
<br /> • Borrowcr shall promptly discharge any]ien which has priurity over t�iis Sxusity Instrwnent unless Bucrower:(a)agrees in ,
<br /> writing to the payinont of the obligation secured by ehe lien in a manner uc�ceptable to I.ender;(b)contests in:gvaA faith th�Iite►. •
<br /> by, or defee►ds against enfoxcement of thc lion in, Icgal prnceedings which in tho LcndGr's opinion opert►ti'o to prcvent ihe•
<br /> cnfotrcement of the lien;or(c)secures feom tl►�8oldor of tlio lien nn ag�emeut satisfactory to Lender snbordinating the 9�pn to
<br /> � thls Scc:urity Instrumcnt. If Lender determines tl�"s any part of the Property is subject to o licn which m.�,��:aa�in priority over
<br /> thls Sccuriry Instrument,Lcnder may givc Barrowcr n noticc idcniifying the licn. Borrower shaU saYisfy tha 7ien or t11cc onc or
<br /> moi�e of�he actians set furth abovc wlthin 10 days of�he giving of notioe. ,
<br /> Form 9028 918U
<br /> • Psq�2 of 0
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