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<br /> Tt3:,EiHEi: Nl;,i att th:.impr�ven�ent°no��nr herezfter cre�terl�n�he property, and all cusemcnts,appurtennrtccs, und
<br /> fixtures no�v oe hcrca�'tcr a pnrt of thc pi�ope►�ty, f�ll rcpinecment, nnd ndditions slrall nlso be cavcred by tliis 5ccurity
<br /> lnstrument. All of'the ForcguinB I:;��:fcrral to in tl�i��Sccurity Inst�vmcnt.is thc "I'ropc�•ty." _.
<br /> 80ftROWI�R COVL�NAIvTS that Aorrmver is lmvfully sciscd of tlic estatc hcreby conveycd nnd i�as th� ri�ht to Ernnt nnd
<br /> convey Ihe Propercy nnd that thc Prapeny is unertcumbered, cxccpt for enciu�ibr.uucs of rccord. Borrawer wari•unts .ind will
<br /> defencl gcnerully ti�c iliiu tu Q►e P�operty ngainst afi claims and demands,subJect to any encumbrancev of record. -
<br /> TH[S SBCURITY INSTRUMBI�l7'combincs uniform covcrr.irts for nationul usc und nnn-unif�rm covcnant5 with limitcd
<br /> variatians by jurisdictian to canstitute a uniform ticcurity instrument covering rcal pmpcny.
<br /> UNIPORM C:UVI�NANTS. i3orrowcr nnd L.cndcr wve�iunt und asrcc as follaws: �
<br /> .._._._ n---...__ ..1...11 nd. nnv whap (��ir thN .
<br /> 1. Payment �t PrinclpAl e�nd Inteeest; rrepaymen� snd i.aie ���.�gF,. .��.���� .••.�.. r�':�r••+ r-�
<br /> principal of and intcrest on th�debt evldenced by the Note and any prepuyment und late charges duc under the Notr,.
<br /> 2. Fund9 for Tux�and Insurunce. Subject to upplicnble law or to n written wniver by Y.cnder. Borrower ehnll pay to
<br /> Lendcr on thc dny montlily payments nrc due undcr the Notc,uncil the Notc is paid in full,u su�n("Funds")for;(u)ycarly tar.cs
<br /> and Asscssments which may attain prioxiry over this Security Instrument as a Ilen on the Propeny;(b)ycarly Icuschold payments
<br /> or ground rents on the Property,if nny;(c)yenrly huzurJ ur property insurancc premtums;(d)yearly floai insurance pr�mlums,
<br /> if any: (e)yearly mortgugc insur:��ice pretniums, if any; and(� any sums paynble by Borrower to I.ender, in nccordance witf�
<br /> the provisiais of parag►�ph 3, in lieu of the payment of mortgase insurance premimns.These items nre cnlled"Escrow Items."
<br /> Lender may, at uny time,collcct nnd hold Funds in nn amaunt not to exceed the maxirnum amount�a lendcr for a federnlly
<br /> related mortguge loan may require for Borro�ver'a escrow nccount under the federal Real Estate Settlement Procedures Act of
<br /> 1974 ns amended froni timc to time, 12 U.S.C. 5ection 2601 er seq. ("RESPA"),unless another law that up�lies to the Funds
<br /> cets a lesscr amount. If so. I.cndcr may, at any time, collect and hold Funds in am m�ount not to cxcced the lesser amaunt.
<br /> Lender muy estlmnte the amc�unt of Funds due on thc basis of current datn and reusonable sstimates of exp�:��ditur�s cf futurc
<br /> Escrow Items or atherwise in accordunce wlth applicable luw.
<br /> The Funds shnU @e held in an institution whase deposits arc insurecl r,y ti federal Asency, instntmentallry, or entity
<br /> (including Lender,if[.ender is such an institution)or in any Federal Iiome Loan Hank.L.ender shall apply the Funds to pay the
<br /> Escrow Items. I.endcr may not char�c Aorrowcr far halding and applying the Funds, annually analyzing the escrow account,or
<br /> verifying th�Fscrow Items, unless Lendcr pays Bonower interest on the Funds�u�d applicable lnw permits Lendcr to make such
<br /> a churga However,Lender mny require Borrower to pay a one-time charge for nn indepc�ndent reai est�te tux reporting servtce
<br /> used by Le�tder in connection with this loan, unless applicable law provides othenvise. Unless nn agreement is made or
<br /> applicnble law re.s�uires interest to be paid, I..ender shall not be required t�n pay Borrowcr any intcrest ar earnings on the Funds.
<br /> Borrowcr and Lei•�der may agree in writing, however, thnt interest shall be paid on thc Funds. Lcnder shall give to Borrower,
<br /> witliout r,har�e, an annual accountinII of the Funds, showing crcdits and debits to the Funds one'• the purpose for which each
<br /> debit to the Funds wus made. The Funds are pledged as additional security tor aii sums sccured by ii�is�c�:ui:y I�.si�'�mtnt.
<br /> If thc Funds held by Lendcr cxcced the nmounts permitted ta be held by applicable law, Lender shull uccount to Borrower
<br /> for the excess Funds in accordance with the requirements of uppl[cable law. If the amovnt of the Funds hcld by L.ender at any ,.
<br /> time is not sufficient to pay the Escrow Items when due,I.endcr may so notify Borrower in writing,and,in sttcli case Bonower ,
<br /> shall pay to l,ender the amount necessury to make up the def iciency. F3orrower sliall muke up the deficIcncy in no more than
<br /> twelve monthly payments,nt Lcnder's sote discrction.
<br /> Upon payment in full of all sums secured by this Security Tnstrument, L.ender shall promptly refund to t3orrowe►• uny
<br /> Funds held by Lender.If,under paragraph 21, I..�nder shall acquire or sell the Ptoperty.Lender,prior to the acquisition or sale
<br /> of thc Property, shall apply any Funds hcld by Lcnder at the time of acquisitim�or sale ag a credit against the sums secured by
<br /> this 5ecurity instrument.
<br /> 3.Application of Payments.Unless apPlicable law provives otherwise. aU�uyments received by Lender urkler paragruphs
<br /> 1 and 2 shall be appsied:first,to any prepaymcnt charges duc unaer the Notc; sccond, to nm�unts payable under paragraph 2;
<br /> third,to interest due; fourth,to principal due;und last,to any latc churges due undcr the Nate.
<br /> 4.Charges;Liens.Bonower shall pny ull tsu�es, nssessments,charges, fines w►d impositiais attdbutable to the Property
<br /> which may nttain priority ovcr this Sccur[ty Instrument, and lcasehold paymcnts or ground rents, if any. Borrowcr shall p�y
<br /> these obligat9ons in the manner provided in paragraph 2,or if nat paid in that manner.Borrower shall pay them on time directly
<br /> to the person owed payment.Borrower shall promptly furnish to L.ender nll notices of umounts to bc paid undcr this paragraph.
<br />__ if gQrrp�yPr�Ql�gc sf2r•gr�nymsntc dir�rtly, Rnrro�ver shall promntly furnish to Lender receipis evidencing die payments.
<br /> Borrower shall prom�tly discharge any lien�vhich has priority over tl�is Sccurity Instntment unless liorrower:(a)agrees in
<br /> wniting to the payment of the obligation secured by tite lien in n manner acceptuble to l.ender:(b)contests in good faith tha lien
<br /> by, or defends against enforcement of the licn in, legal prnceedings wl�ich in the Lcnder's opinion operate to prevcnt the
<br /> enforcement of the licn; or(c)secures from tlie halder of the lien un ngreement satisfactory to Lender subordinating the lien to
<br /> this Sec:urity Instrument.If Lender detem�ines that any part of the Propert�� is subject to u lien which may attain priority over
<br /> thls Security Instrument,Lendce m1y give Aorcower n notice identifying the licn.Rorrower shull satisfy the lien vr taka one or
<br /> � more of the actions set forth above N�ithin 10 days of thc giving uf noticc.
<br /> • Form 3028 9/80
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