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<br /> TOGE7'HER WITH all the improvements now or hereaftcr erected on the propeny,nnd nll cutiemcin�, uppurien;uices, nitd _
<br /> fixtures now or herea:ter a part af the property. All replacements and i�dditions c;hnll ulno hc ruvcrc�i by ihlti Security -
<br /> Ins[n►mcnt. All nf�hc foregoing is rct'crrcd to in this Securiry lnstn�mcnt us Qic"Praperty." -
<br /> BOKROWGR COVENANTS that Bcrrower is IuwfLlty sciscd of 1hc c,t:nc hcrcby runvcycd nnd h�i�Ihr iiph� in �Rrnnt nnd �--
<br /> eonvey the Property and thut the Property is unencumbered, except for encumhrmices �d'rcrur�l. Hmi��wcr wnrnmlh nn�l will
<br /> dcfend gencrally the tiQe tu the Proa��ty uguinst ull cluim,aiid dcmands,subject tt�uny enrumhru!r.•c���f icc��r�l. _
<br /> THIS SECURITY INSTRUMENT cambines unifurm cmenunts &�r ru►tionnl uye und nun•uniforw cnv��umdti wllh Ilmitecl
<br /> variations by jurisdiction to constitute u uniform security instrument ccwering rcnl pro�wrty,
<br /> UNiFORM COVENANTS. Borroaer und Lcndcr covcnnnt and ugrcc us follo�v�;
<br /> 1. II'nyment af Principul and Interest; Prepuyme�it und I.nte Chnrgcs. �nrruwcr �,hull prumpUy puy whnn duo tha
<br /> principal of and interest on the debt evidenced by thc Notc und uny prepnymcnt und IiUc cl�ur�es duc undcr�hu Nute,
<br /> Z. Ettnds Por Taxes und Insurance. Subject w uppliaible Inw or to ii written wuiver by l.�nder. Ii��rru�vcr �hi�ll pt�y t�i
<br /> Lendcr on the duy monthly payments arc due under thc Notc,until thc Natc is paid in full,u tium("I�unds"1 for: (iU yc:irly ti�xcs
<br /> and assessmeius which muy attain priority over this Security instrumcnt i�s n licn on the I'r��perty: Ih)yenrly Icutichuld pay�iicnts
<br /> or gmund rents on the Property,if any; (c)yearly ha•ra.rd or property insurunce prcmiums;(d)ycau•ly fluud insur+o�cc prcmiun�ti,
<br /> if uny; (e)yearly martEng�insurance premiums, if any; und (� nny swns paynble by Bi�rru�ver to I.c:nder, in uccordnnce with
<br /> the provisions of paragrnph 8, in lieu of the payment of mort�uge insurancc prcmiums. Thcse Itcros nrc cnUcd"F?scrow Items."
<br /> Lender may, at any time, collecz and hold Funds in un nmount n�t to exeeecl the maximum nmount u Iender fi�r n federnlly
<br /> rclated mortgage loan may require for Borrower's escrow account undcr thc federal Renl �titnte Sctticmcnt Pr�+rcdurcy Art of
<br /> 1974 ns amended from time ro time. 12 U.S.C. Section 2601 er scy. ("RESPA"), unlcss anothcr Inw thnt cippllcs tn tl�c Funils
<br /> sets a lesser amount. If so, l.ender may, at any time, eallect and hold Funds in un amount nut tc�exreed the Iesser i�mciunt.
<br /> I..ender n�uy estimate the amount of Funds due on the basis of current data nnd ret�sonnhlG ecdmut�s oY expenditures uf futurc
<br /> � Escrow Items or otherwise in accordanee wlth applicable law.
<br /> The Funds shull be held in 1n institutian whose deposits ure insured by u federni ngcncy, instru�ncnti►Uty. ur entiry
<br /> (including Lcnder, if Lender is such an institution)or in any Fcdcrul Homc I.oan Bank. l.endcr�:hull apply thc I'iuids t��piry thc
<br /> Escrow Items. Lcnder may not charge Borro�ver for holding and upplying the Funds,unnuufly nmdyii��g thc cscrnw ucci►unt,or
<br /> verifyin�the Escrow Items,unless�ender pays Bonower intcrest on thc Fnnds and npplicnblc li�w permils I.cmlcr tn ntnkc such
<br /> a charge. However, I.cnder may requlre Burrower to pay a one-time charge for an indcpendent �•c�d csUUC tux rc��rting hcrvice
<br /> uscd by Lender in connection with this loan, unless applicnble law provides othcrwisc. Unitss un ngrcemcm im m�dc ur
<br /> applicablc law requires i►uerest to be paid, Lender shall not be required to puy qorrowcr uny intcrest or cnrninby on Ilie f�und�;.
<br /> Borrawer and I.ender may agree in writing, however, that interest shall be paid on the Funds. I.cnder shull givc t�� lion��wcr.
<br /> withaut chur�e, nn annuul accounting of the Funds, showing credits and debits to the I�unds nnd thc pur�se f��r which cuch
<br /> uebit ta t���ur1s•::�sr.ade.T::�Fands ar�glcdoC��S arl�li�innal crrurity f�r nll�um�sccured by this Sccuritv Insirununt.
<br /> If the Funds hcld by Lender exceed the amaunts pennittcd to be held by applicuble law, l.cndcr shall nccount tc�H��rrc�wcr
<br /> for the excess Funds in accordance with the reyuirements of applicuble law. if the nmount of tlte Funde I►cld by l.t;ntlor at nny
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,und,fn such risc fiurrnwcr
<br /> shull pay to Lender the amount necessary to make up the deficiency. Bonower shall muke up the aefldency in no mnre thun
<br /> twclve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full af all aums sccured by this Security Instrument, Lendcr shall promptly rcfund to Dorrowcr uny
<br /> Funds held by Lender. If,u�der paragraph 21, Lender shall Acquire or sell the Property,I.ender. priar to thc ncquisftion or sato
<br /> of the propeny,shall apply any Funds held by Lender at the time of acquisition or sale as a crcdit ngitinst the sums securcd by
<br /> this Security Instrument.
<br /> 3. Applicatlon ot Paymenta.Unless applicable law provides otherwise,all payments received by Lender u��a���������•��ri�s
<br /> 1 and 2 shall be applied: first, ta u�y pcepayment charges duc under the Note; second.to amounts paynblc under p:�rngruph 2;
<br /> �nini,tu interest duc;fourth,to principal due;and Inst,to any late charges due under the Notc.
<br /> 4. Char¢es: Llens. Bonawer shall pay all tnxes, assessments, charges,tines and impositions uttr@utablc to thc Proretty.
<br /> ' which may attain priority over this Security Instrument, and leasehold puyments or grounri rems, ii uny. ovuuw�� aiiail jraj
<br /> these ablisutions in the manner providcd in paragraph 2,or if not paid in that mnnner, Borrower shall pay thcm an tfine directly
<br /> to the person oweci payment. Barro�ver shall promptly furnish to Lender all notices of amounts to be paid under this purugrapli.
<br /> If Borrowcr m�kes thesc payments directly,Borrower sha11 promptly ftirnish to Lendcr receipts evidencing thc�ayments.
<br /> Borro�ver shall promptly dlscharge Any lien�vhirh has priority over this Security Instrument unless 9arrowetr:(n)ugrees In
<br /> wrtting to th�payment of the obligntion secured by the lien in a manner acceptable to I.ender:(b)contests in go«l fnith tiic Nen
<br /> by, or defends a�ainst enforeement of the lien in, legal proceeciin�s which in the Lender's opinion operate ta prevent titu
<br /> enforoement uf the licn;or(c)secures from the holder of the lien an agre�ment sutisfactory to Lender subordinuting die lien to
<br /> this Sa:urity Instrument. [f L.ender detcrmines that any part of die Property is subject to u licn which mny attuin priiiriry ovcr
<br /> ti�is Sc:curity Instrument, Lcnder may�ive Borrower a notice identifying the lien. Aonowcr shnll satisfy thc iicn or tnk�onc nr
<br /> more of tlte actions set forth above within 10 days of the giving of notice.
<br /> Form 3028 9l80
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