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<br /> �� TOGETHER W1TH a11 the improveiue�ts Qow or hereafter ere�ed on the property,and all easements,appurtenances. and
<br /> • fixtures no�v or hereafter a part of the property. Ail replacemeau and additions shalf also be covered by this Security �
<br /> -� _3 Iasuvment.Ail of the foreuoing is referted to in this Securiry Instmment as the"Praperty." �=�
<br /> , .;� BORROWER COVENANf5 that Sorrawes is tawfuily seised of the estate hereby conveyed and has the dght to grant and �.
<br /> mavey the Property and that the Praperty is aneneumbered. except for encumbranses of record. Borrower warr�snts and will ��_;
<br /> .��'f. defend generatly�te title to the Praperty againsc all claims and demands,subject to any encumbrances of record. �''--�
<br /> . THIS SF.CURITY INS°I'RUMENT oombines uniform covenanu for naaona! use and non-uniform covenants with limited --
<br /> � variations by jurisdiction to consrimte a uniform security instnunent covering reai property. __=
<br />�.; UIVIFORM COV ENANTS.Borrower and Lender covenant and agree as follows: ��
<br /> _- !. FaymeuS o�Princt�al and interesh, Prepayment aad Late Chaiges. Borrower shall promptly pay when due the
<br /> . - principal of and interest on the debt evidonced by the Note and any prepayment and late charges due under the Piote. ����
<br /> , ° 2.F u n d s�o r T a x e s a n d W s u s a n t e. S u b j e r t t o a p p li c a b l e l a w o r t o a w r i tt e n w a i v e r b y L Q n d e r. B o r r o w e r s h a l l pa y to r'-"-
<br /> Lender on the day tr.ont6ly payments are due�nder the Note,until the Note is paid in fiill,a sum("Funds")for:(a)yearly taxes �=
<br /> ` aud assessments which may attain priority over dvs Security lnsuument as a lien on the Property:(b)yearlY teasehold payments C-=-Q
<br /> or gound rents on the Property.if any;(c)Yearly ha�ard or property insurance premiums;(d)Year1Y ttood insurance premiums. �'"..�:
<br /> if any;(e)yearly mortgage insutance premiums, if any; and(�aay sums payable by Borrower to Lender.in accordance with �'n�
<br />� , � the provisians of paragraph 8,in Geu of the payment of mortgage insurance premiums-"I7iese items are called"E.scr�°�ttems." �r•
<br /> �.� Lender may,at any time, wllect and hold Funds in an amounc not to excced the maximum amount a lender for a federalty r�=.
<br /> relaied acortgage laan may require far Borrower's escrow accaunt under the federat Real Estate Settlement Procedures Act of
<br /> 1974 as am:.sded from dme to wne. 12 U•S.C• Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds --
<br /> . `. sets a lesset amaunt. If so, Lender an_.}. at any time, collect and hold Fundi in an au.�u�. not to eceed d�•le�ser am• ant. _ -_
<br /> Lendra t��e,�timate the amount of�wnal�dus on the basis of current data and reasonable estimates of expenditures a€�_.�e —'
<br /> E,scrow Iterirs or otherais�ia accordanc�with applicable law. �'
<br /> Ttta Funds shall E��,td in an insritution whose deposiu are insured by a federal agency. insuumentality, nr entity �
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<br /> (inclading Lender,if Lender is such an institution)or in any Federal Home Loan Bank.Lender shaU apply t��Funds to pay the ` �.. ,
<br /> • Escrow items. Lender may not char?z Borrower for holding and applyin�the Funds,annuatly analyzing t�e esctow account,or
<br /> � verifying the Escrow Items,unless L�der pays Borrower interest on the Funds and applicabt�0<:zv pemsits Lender to make such �'`
<br /> " �charge.Nlowever,Lender may reyuire Boaower to pay a one-dme chasge for an independer,t real esu�tax reporting service �-_.:
<br /> . nsed by LenQer in co!u►xxion with this loan. unless applirable law provides otherwise. Unless an ag,r�ement is made or E'�.
<br /> ', appticabte lanr requires interest to be paid,Lender shall not be nquired to pay Borrower any interest or earnings on the Funds. � ��
<br /> ' � Borrower and Lender may agcee in writing,however, that interest shall be paid on the Fun�. Lender shall give to Bormwer, �
<br /> � withaut charz,an annual accountin�of the Funds,showing r.�"i'ts and debits tu the Fu�s and the purpose for whid�each +r,.,
<br /> • debit to ti2e�-�s was m�e.The Fanda are ledged as additio�l secarity for all sums secure3 by this Security Instrume�'t_ �:
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<br /> . If th�Fua�s he2s1 bv Y,aader exveed the amouns permitted to be held by a�plicable law,Lender s h a ll account w Borrower �.
<br /> • Cor the excess Fands in accordance�vith die requirements of applicable law. If r�tk amount of the Funds F.��t by Lender at any
<br /> time is naS�fficient to pay the Fscrow Items when due. Lender may so notify�a:rower in writing,and.in skeh case Borrower • ° �
<br /> shail pay�o Lcnder the amount necessary to mal:e up the deficiency.Borrower shall make up the deficiency in ao moze than
<br /> • twelve monthly payments,at L.endes's sole discretion.
<br /> Upon gaymeni in full of sill sums se�ured by this Seeuriry Instrume�, �nder shalt promptiy refi�to Borrower any _
<br /> Funds heid by Lender.If,ander paragraph 21.L.ender shall acquire or sell th�f?�perty.Lender,prior to the acquisition or sale -
<br /> of the Prs��rty.shall apply amr Funds held b�i.ender at the time of acquisiYiaa or sale as a credit against the sums secured by =-
<br /> .. this SecunG}��.rument.
<br /> ._ _ 3.1� 'Yea!39n�oY Payc�ems.Unless applicable law provides v3ier�vise,all payments received by Lender under para�raphs —�_
<br /> � 1 and 2.shaU be applied:�st.ta any prepayment charges due under the Note;�..°cond,to amounts payable under paragraph 2; Y __
<br /> third,to in4ecest due;fc:�r,�,to prirtcipal due:and last,to any late cha�es due ver3er the Note. . •�-;.
<br /> ' 4.C6ar�es;Liens.Borrtlwer�'�Jl.pay all taxes,assessmants,charges. fines and impositions attributable to the Property .
<br /> : � ,aluch may attain prioriry over this �curity Instrument. and leas�old paym:nts or grovny c+:nts, if any. Borrower shall ps►y _
<br />� these abl�gations in the snanner provided in paragraph 2.or if nat paid in that manner.Borrow-er shall pay them on time ditectly �•
<br /> • to the person owed paytnent.Borrawer shaU prompdy fumish to l.ender all norire.s of amounts to be paid undet this paragraph.
<br /> If Eorrower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing the payments.
<br /> • • Borrower shall pro-ptly discharge any lien whic6 has priority over thls Security U�strument unless Borrawer: (a)agrees in _
<br /> . writing tu t9e payment of the obligation secured by the lien in a manner acaptable to Lender;(b)contests in good faith the lien
<br /> by. or def�s against enfurcement of the iien in, le�al proc�t:ngs which in the Len�'�s opinion operate to prevect the �.�
<br /> enforcemeIIt of the Iic�:or(c)secures from the holder of the lien an agreen¢eat satisfactory to Lender subordinating the lien to • �.
<br /> '" this Security Instrur.�E-EF Lender detem�ines that any part o€the Ptoperty i��rbjecs to a liea which may attain priority over __
<br /> • � this Security Instrums:'.,'Lender may give Bonower a notice identifying the lien. Borrower shall sarisfy ihe lien or take one or
<br /> mare of t�:sdons set€orth above within 10 days of the giving of norice.
<br /> . Form 3028 819G `--
<br /> - �. Pa;o 2:16 . —
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