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<br /> TOGGf'HEIi WITH all thc in�pro��eme�us now or hereafter erexted oa the pr�pc�ty,a�x1 all cascn�nt�,+►ppurten:i�xcti.�ux1 _
<br /> fixwre9 now on c�rcafter a part of the propc�y. �1U rcplacements and additions �II ui.a Ik c+���rtJ by thi:;
<br /> Security
<br /> Gutrumcnt.All of thr lnrcg�,in�i.rcf��r.;.l to in tl�is S::►srity Instrument�.�thc"Pr��crty." `
<br /> CORR0IVL'k COVEi�1ANT5 that&�rrc�wer is lawfully sriseci of the cswte hereby coneey�'�1;ux1 ha.�thc right tc�gr�tu��x1 _
<br /> com•ey thc Prapeny u►uf that the Propcny i� unencumtkml. except f��r encumhr:uucs o1� rcYCUd. &�n�uwcr urir.u�tti arul w��� _
<br /> defernl�eneralty the tide to the Propert}�agui�ut all c1�inL`utxl den�nels,subject tu any en:umhr;uxe�of recor�f. _
<br /> rHIS SECURITY INSTRUI�IENT roulbines uniform covenants for i�atiunal usc ;u�+ M�n•uniform co�'e�zantsµ��ih �intited
<br /> vuiatians by jurisdiction to conetitutc•r unif�xm kcurity inatrun�ent co�•ering real property.
<br /> U(311�(1Rh1 COVF.NANTS. Borcow'cr a�xl Lender cc�F'enant and aFrec as follows: p � y �y -
<br /> 1. Paymeni of H'ipcips�l �t�td Interest: I'rep�}ment nnd Late�Ciu�r�es. ec�rr��u�cr �hall ro tl wtx;n due ttu: _
<br /> pcincipa!of sncl inte�ect on thc�ebt evidenczcl by the Notc and any preP�Ymen�:►nd�ate charges due urulcr tl�e Natc. -
<br /> 2, Ew�ds for TAZes aud dnwrunce. Subject to applicable law ur to w writtcn waiv�e by [.encicr, &�rcuu'er shall pay co
<br /> L.ender on the day nwnthtY payments are du.under ine id�K�.u�til thc�:otc is p�id in f��ll. a���m("Furuis"1 for.(a)YCarly„tax I, -
<br /> and assessments which may attain priority�o��er this Security Instrument ss a lien on the Propecty:lb)ycariy Ieacehold pa, _
<br /> c•r rms►nd rents a�the Propen��. �f;►n�:(c1�'wrly haiar3 or property insurance premiums; (d)ye:uly tloacl insumnce premiums.
<br /> if a�iy:(e)yearot martgage insura:�.�C�remiumc. if an)': aixi(�anY sunu payable b�' Borrower to Le�uier,in accorduue with
<br /> the provisians of paragr�ph R.in lieu of thc Qa�n�ent of nx►rtgage insur,utice premiums.These items arc callecl'Escrow items.'
<br /> {,��1��may, at any time, collect und hold Funds in an amount not to exceed the maximum amcwnt a lender for a federally
<br /> retated rtortSuge loan m�ry r�quin, for Borcowcr's esctvw a��ount under the federal �ea1 Fstate Settlement Proce�ures Act of
<br /> 197a�amended from time to time. 12 U.S.C. Section 25U1 et seq. ("RESPA").unless another law that applies to the Funds
<br /> sets a lesscr anwunt. lf so. Lcrtdcr may. at anY time• c��le:t;ind hold Funds in am m�ount not to exceed che lesser anwunt.
<br /> L,ender may estimate the anu�unt nf Funds due on the basis oi'cvrrcnt data and reasonabje estin�ate.c oi expendi[ures of future
<br /> Escrow items or otherwise in ac:o.lance a h applir hl�law•.
<br /> The Funds shall be be!d in an ia+titution whose deposits rre insuced by a federal agency. instrumentalit�•, ar entity
<br /> (includirg!P!�'�•�f��r i:such an institution)or in any Federal Honu Loan Bank•l.ender shall apply tlze Funds to pa}•the
<br /> Escrow Items. Y�+'►der may not charge�rrower for holding and appiying u�i"unds, anntislly analy�ine the ex�row accoani•pT
<br /> verifying thc 6scrow Items.unless Lender pays Borrower interest on the Funds and app�icabl�law permits Lender to make such
<br /> a efiarge.However. Lender m�y cequire Borrower to pay a one-time charge for an independent real estate tax reporcinS ser�tce
<br /> used by Lender in connection with this laan. unless applicable law providts oL`c�twise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, Lender st�all nat be required to pay Borr�wer any interest or eamings on the Funds.
<br /> Borrower and i.ender may agree in writing, however, that interest shall be paid on the Funds. Lender shall ���for which W2ach
<br /> wittwut charge, an annual accounting of the Funds,showing credits und debits to the Funds and the purpo•
<br /> debit to the Funds wac made•The Funds are pledged as additional seeuruY for all sums secured by this Security Inctrument.
<br /> If the Funds held by Lender exceed the amounu Permiued to be held by appti�9le law,Lender shall account to Borcow•er
<br /> for the excess Funds in acco ' c with the requimments of applicable law. if the�':�ount of the Funds held b5 L.ender ut any
<br /> time is not sufficient to pay the Escrow Ite o�e uu the deficiency.Borrowe�shall emake up'the defte�uncycin no�no�o�wae�r
<br /> shall pay to Lendcr the�nt necessary P
<br /> twelve monthly paYmcnts•at Lender's sole discretion.
<br />- ZJpo�paYment in full of all sums secured by this Security Inctrument. Lender shall prompcly refund to Borrower any
<br /> Funds t�eW bY 1.�ttider.if, under paragraph 21. Lender shall acquire or sell the PropertY.Lender,prior to�he ao�uisition or sale
<br /> o�'the rro�erty,sliall apply any Funds held by Lender at ti�e cime ui a�,�uisit3w�or a:le«%�=�::=o°:n`s rtu wrac saeuced by
<br /> this Securiry Irr.NUment. menu received b Lender under para8raphs
<br /> 3.Applicattan af Payments•Unless opplic.lble law provides otherwise.a11 pay Y
<br /> 1 and 2 shall be applied: first. to any pmpaYment charges due under the Note: second, to amounu payable under paragraph 2:
<br /> thiid,to interest due:fourth.to principal due:and last.to any late charges due unde"dtie Note.
<br /> q.Cp�sges;I,ieas. gctro�ver sh�ll pay all taxes.aSSessments. charges. fines:znd inlpositions attributable to the ProPertY
<br /> which may att3in pr+ority over this Security Instrument, a�leaseliat�PaYments or ground rents. if any. Born>wer shall pay
<br /> these obligations in the maaner provided in par.►graph 2.or if not px.d ia that manner.Borrower shall pay thecn on time directly
<br /> ta the persou owed payment.Borrower shall promptly furaish to l.e��r all noi9oes of amounts to be paid�����P�S�Ph.
<br /> If Borrower rr�fces these pa�ments direcUy.��WeT 5G3t!�7fUltyxlY iwiu.+��w�.�....+..—�.=r—-"---•---'u . -
<br /> Borrower sl�all promptly discharge any lien whica LSas priority o��er this Secudr�+Irutrument unless Borrower: (a)agrees�n
<br /> writing to the payment of the obligation secured by the lien in a matv�er acceptable to Lender;(b)contests in good faith the liea
<br /> by, or defends against enforcemenc of the lien in, legal proccedinEs which in the I.ender's opinior►operate to prevent the
<br /> enforcement of the iien; or(c)secures from the holder of the lien an agreemeru satisfactory to i.ender subordinating the lien to
<br /> this Security Instrument. Ff fe.ender detemunes that anY Part of the Property is sub3ect to a lien which may attain priority over
<br /> this Security Instrument. Lender maY S��e Bo*r°µ'er a not9ce identifying the lien.I3�rrower shall satisfy the lien or take one or
<br /> more of the actions set forth above within i0 days of the giving of notice.
<br />- For.n 3028 4l190
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