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<br /> TO01:'t'Hf?i:WITN nll the improvcments now on c�reaftcr ere�ted on the property, nnd nU cascnu:nts,uppurtenunccs, und --
<br /> fixtures nuw on c�rraftcr a pau ��f thc prupi�ly. All rcpinccmcnis nnd nddilians shall trlso hc a�vicecd Viy Ihis Sccurity �
<br /> Instrumcnt. All i�i'thc i'oragain�is rcl'crrcJ tn in this Sccurily Instrun��:nt us thc "I'rciperty." __
<br /> AiIRROWFl2 COVE?NANTS tluit Csorrowcr is luwfully ticiscd of thc csti�tc hcrc{�y convcycd wid hus tlu right w grnnt imd
<br /> ronvey tl�c I�roperty tmd tNut U�e Propeety is uaenceambcrcd. except fi�r encumbrunces of record, eormwer wa�•rants nnd will --
<br /> dcfcnd gcncridly thc tidc t�ihe Property us+dn5t ►iU claims oncl dcnwnd�;,suhJcct tu imy cncuntbrunccs of rccord _
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<br /> THIS SIiCUR1TY INSTRUMNN'f �orobmcs uniiorni cavcnnms ior nuiiomii u,c�u��i ������-u����������.:a��r�s�.•, .....�
<br /> viiri��tiunti by juritidictiun tu cc�nstitutc a unifurm secisrity in�trmm�iv ri�vcrin�;rc�d pn,per�y. �
<br /> u1�ii�iti i �:'�°.*::�::�.°i.�:)SYY):•lS!�::Q �°!:'�.f LUY^.I2:!!!!L�IIr!���rrr nu fiJl�w�� -
<br /> 1. Pnymcnt of PrUicipul and Intcresh Yh�ep�ymcnl and l.nte t.:har�e.v, [3nrrowcr shnll promptly pny whcn duc thc
<br /> principal of und intcr�st nn thc dcbt cvidenccd by thc Notc and�my p�cpaymcnt und Intc churgcs duc undcr thc Nntc.
<br /> 2. Eunds Por Tuxcr and Insuru�ce. Subjcet ta npplicuhle Inw or to n weittcn wuivcr by I.cndcr, Ai�rrowcr sMnll pay to
<br /> l.cndcr��n thc duy monthly payments arc duc uttdcr thc Natc, until thc Notc is p�dd in f'ull,n su�n(°Funds")for:(:t)yearly tnxcs
<br /> nnd assessmcnts which may auain priority ovcr tlils Sccurily Instrument us a licn on tl�c E�rapcny:(b)ycarly letisehald payments �
<br /> or gmund rents on the Property,if any:(c)yeArly h�uard or prope�ty incurance premiums;(d)yei�rly flncxl Insurunce premiwns,
<br /> if uny; (c)ycarly mortgagc insurancc prcmiums, if any; and (� uny sums payublc by Horrower to 1.,�:ndcr, In nccord:cncc with -
<br /> dic provisions of paragrnph 8, in lieu of thc payment of mortgagc insurance premiums.Thcsc items urc callcd "�scro�v Rcros."
<br /> Lcndcr may. at any time, collect and hald Funds in an amount �iot to excced tt►c maxitnum umaunt c► Icndcr for a fcdetally
<br /> related mortgage loan may rcquirc for Barrawcr's escrc�w accaunt under the fedcral Rcal Bstate Setdement Procedures Act of
<br /> 1974 as nmendcd from time to time, l2 U.S.C. Scction 1b�1 et seq. ("RESPA"), unless anothcr law thnt:►pplics ta the Funds
<br /> sets a lesser amount. If so, I.cnder may, nt any time, callect nnd hold Funds in un nmaunt not to exceeil the lesscr umaunt.
<br /> Lender may cstimute the amount of Funds due on ti�e basis of current dntu and reasonable estimutes of expendiwres of future
<br /> Escrow Items or otherwise in accordnnce with applicable lew.
<br /> Thc Funds shall be hcld in an institution wliose deposits are insu�•cd by a fcdtral ugency, instrumcntality, or entity
<br /> (including L.ender,if Lendcr is such an institution)or in any Fcderal Home l.oan Bank. Lcnder shall apply the Funds to pay the
<br /> Escrow Items.Lender may not charge Horrower for holding wid applying the Funds, annually annlyzing the escrow account,or
<br /> verifying the Escrow I►.ems,unless f.cnder pays Borcower interest on the Funds nnd applicablc law pennits l.ender to makc such
<br /> a cliarge. Ho�vever, L.ender may require Borrower to pay a one-time chargo for an independent reul estate tax reparting scrvice
<br /> used by Lender in cnnnection with this loan. unlcss �pplicable luw provides othenvise. Unlcss an agrecment is made or
<br /> npplicable law requires interest to be paid, Lender shnll not be requirai to pay Borrower any interest or earnings on thc Funds.
<br /> Borcower und L.ender may ngrce in writing,hawever,that intcrest shall be paid on the Funds. Lrnder shnll give to Borrowcr.
<br /> without eharge, an annual accouming vi ii�c Fuuu�,i�.ur,i.-.g c���t��t:�NY'�ito So fhe F;:sta� sr.d !he m�rnncr ftir whirh each
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<br /> debit to the Funds was made. The Funds are pledged es additional security for all sums secured by this Secucity Instrument.
<br /> If the Funds held by Lendcr cxceecl the amounts pem�itted to be held by applicabtc law, Lcnder shall account to Borro�ver
<br /> for the excess Funds in accordance�vith the requirements of upplicable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing, and, in such case Bon�wer
<br /> shall pay to Lender the amount necessary to make up �he cleCiciency. Borrawer shall make up the deficiency in no more tl�nn
<br /> twelve montiily payments.nt Lender's sole discre►ion.
<br /> Upun payment in Pull of all sums secured by this Security Instrument. Lender shall pmmptly refund to Borrower any
<br /> Funds held by Lender.If, under paragraph Z1, Lender shall acquire or sell the Propeny, l..ender,prior to the acquisition or sale
<br /> of the Property, shull apply any Funds held by I.ender at th�time of acquisition or sale us a credit against the sums secured by
<br /> this Security Instrument.
<br /> 3.Appilcation ot Payments.iJnless applicable Iaw provides othenvise,all payments rcceived by Lendcr undcr para�rnphs
<br /> 1 and 2 shall be npplicd: first, to any prepayment eNar�cs duc under the Note; sccond, to amounts payable�ander patageaph 2;
<br /> tt�irc�,to interesi due; founl�,to principal due:and last, toany late churges due under the Note.
<br /> 4.Charges;L[ens. Aorrower sliall pay all taxks, asscssments, chatges, fines:�nd impositions attributablc to the t'roperty
<br /> which may attain priority over this SecLrity Instrurnent,and leaschoid payments or ground xents, if any. Borrower shall pay
<br /> thesc obligations in tlie mamier provided in paragraph 2,or if not paid in that manner,Borrow•cr shull pay thcm on time dircctly
<br /> to the verson owed payment. Borrower slicill promptly fumish to I.cndcr 1il notices of amounts to be paid under this parugraph.
<br /> If Borrower makes these puyments directiy,Borro�ver si�all�mmptly furnish to l.ender receipts evidencing the payments.
<br /> Bonower shall promptly discharge any lien�vhich has priority over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of thc obligation secured by the lien in a manncr ncc;cptable ta Lender: (b)contests in goc�d faith the lien
<br /> by, or dcfends against enforcement of thc litn in,lesal procceclings �vhich in the Lender's opinion opernte eo prevent the
<br /> enforceme�t of the lien;or(c)secures from the holder of the lien an agreement satisfaetory to Lender subordinating the lien to
<br /> tl�is Security Instrument. If I.ender determines that any part of the Property is subje�t to a lien which may attain priority over
<br /> this Scairity lnstrument, I.ender may bive f3orcowcr a notice idcntifying tlie lien. Borrnwer shall satisfy thc licn or take one or
<br />- more of tlie actions set fonh above within 10 days of the giving uf�iotice.
<br />- Form 3Q28 8l80
<br /> Paqe 4 of 0
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