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<br /> TOUETHER WITH all the improvements now or he�cafter erectcd on Ihc propcny.and all eascments,uppurtcnunccr,
<br /> =--�-- ---='�'' and flxlures now ar hereaf'ter a purt of the propeny. All rcplacemcnts�nd udditiana shall also bv cove�l by Ihie Securfly
<br /> --- Inipumem. All of the foregoing ia mferred�o in this Secudty Inadvment as�he"Roperty."
<br /> - ��-'� BORROWBR COVBNANT3 Ihat Borrower is lawfully seised of the estatc hereby conveyed and has the r{ght ta grant
<br /> ;,�. .•„. .� ""` and wnvey the Property and Ihut the PropeRy is unencumbercd,except for encumbrnnce�of recotd. Sortower wwranta And
<br /> ��� will defend generally�ho title to the Property ag�inst all claims and demands,subject to any encumbrances of record. —
<br /> �����a� TH1S SECURITY INSTRUMEN't combines uniform covenanta far netional use and non-unifonn covenonts with
<br /> �'— � limited variationa by ju�isdiction ta constiwtc u unifurm sccuriry inxuumcnt cuvcring rcal prop�:rty. � =
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<br /> �,_,;,,,-.����3,.:• UNIFORM COVENANT5. Borrower and l.ender covenant und agree as follows:
<br /> !�"`s'�"•"$"'"''�"� - 1. P�yment of Principal and Interesti Prepayment and Late ChArges. Borrower ahall promptly pay when duc�he —
<br /> R'Y��"��'f� ����.. rincl al of and interest on the debt evidenced b the Nace wtd en re a ment and late char es due under the Note.
<br /> � �:` P P Y Y P P Y B
<br /> "�"��'�• '"'" 2. Ftiads for 7bxes and Insurance. Subject to applkablc law or to a wrltten waivcr by Lendcr.Borrowcr shall pay to
<br /> "�'L""""�'"`"` Lender on the day monthly payments are duc under the Note,until the Notc is paid in full,A sum("Funds")for:(a)yeurly
<br /> ,,4�`4:'`�+a'.€i=;�� taxes nnd assessments which may attain priodty over this Security Insfrument as a Uen an Ihe Propeny;(b)yearly lensehold __
<br /> � '���j-�*_�_-.�_��t payments or ground rents on the Property, it eny; (c) yearly hazard or property insurunce premiums; (d) yearly flood
<br /> �---
<br /> +�:.n--,yr��� -�+- insurance premiums, if any; (e) yearly mongage insurance premiums. lf uny; and (� any sumx payablc by Borrower to
<br /> 3""��'" Lender, in accordance wlth the provisions of parngraph 8,in lieu oi'the puyment af mongage insurance premiums. These �'"'
<br /> <r�'Ra""'�`�,-:J .
<br /> `��=`�° ' iiems are called"Escrow Itema." l.ender ma .at en tima,collect and hold FLndx in an amount not to exceed the maximum �a+�`
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<br /> -����:,�x�;u;; ,�. emount u lender for a federally related mortgage loan may require far Borrowerk escrow account undcr Ihe fedcral Real --
<br />-� --'R'� � ,, t'•`,�' Estate SetQement Piracedures Act of 1974 as amended fram time ta ume. 12 U.S.C.§2601 ei seq.("RESPA"),unless another --
<br /> �����•`�.,�.'�����•�� law thst appHes to the Funds sets a lesser umounG If so,Lender may,at any time.collect and hold Funds in an amount not to =_-
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<br /> =—^�a��*��sr=�_;,�:a exceed the les�ser amnunt. l.,ender may eqtimate the amount of FLnds due on Ihe basis nf current data and rea�nable
<br /> `�a `�^w f • ,' z t`: esUmates of expenditurca af future Escrow Items or otherwise in accordance wlth applicnble law. �:,.
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<br /> ,,.,.�.;,;,[:�•i:.x�,,. ,•� The Plmds st�all be held in en institudon whose deposits are insured by a federul egency, instrumentality,or entity °—
<br /> ;j '-"°'�"�"�" (including l.ender. if I.ender is such an inatitution)or in any Federal Homc Loun Bank. l.cndcr shnll upply the Funda to pay
<br /> . �` �•� the Escrow Items. Lender mey not chorge BoROwer for holding ond applying the Funds,annually annlyzing �he eticrow
<br /> � '� ' �f'' "� ' account. or verifying the Escrow Items, unless Lender pays iiorrower imerext an the FLnds and applicuble law permltK
<br />--�� s�,::�..•• ., I.ender to make such a charge. However. Lcnder muy require BoROwer to pay u anc-timc charge far an lndependcnt real �'-.
<br /> " csta[a tux reponing servicz used by Lendcr in conncction with this loan,unicsx upplicuble law providex othcrwf xc. Unlc.rs un
<br /> W ' agrecment is made ur applicubk luw rcquirex intcrest to be puid,l.ender s+hull not be rcquired to puy Barrower uny intcrc�i��r
<br /> �ir:;��: ��. �;''�`�'"':, eaminga on Ihc W rxls. Bormwcr und t,ender muy agrcc in writing.howevcr,lhat interest xhull bc paid nn Ih�Fundti. l.crxlcr —
<br /> -- �• ° shall give to Borrowcr,without chargc,an annual uccouming of thc Funds,xhowing credils und debhs�o�hc Funds und thc
<br /> _ — , i .. purpose far which eACh drbit to Ihe Funds was made. Thc Funds are picdged as addit�onal security far all surna secured by —
<br /> -- � �hi�Sccurity Instrument.
<br /> � !-"'�'"-.'� .._:�".'�.'= It thc tal�ods held by �..endcr exceed ihe artiountF perrnitted to iH: iteid tsy appiicable iaw. Lender shail actau�i ia �:'�.
<br />.!�, • .' �� °;"�- Borrower for the excetiw Funds in uccordnnce wi�h the reyuirements af upplicnble law. If the amount of Ihe Funds held by _
<br />. ,"� . Lender ut any dme is not Rufficient to pay the @scrow Items when due,Lender may so naify Borrower in wridng,and,In
<br />""��-� ' • such cuse Borrower shull pay to Lender the umount necessury to mnke up�he deficiency. Borrower shall muke up Ihe
<br /> deflciency in no more than twelve monthly puyments,ut Lender's solc discretion.
<br />:��s,� ' � Upon payment in full of all sums secured by this Securiry Inswment,Lender shall promptly rrfund to Bo�rower uny
<br /> :;'.�`� , d: _ Flmds held by Lender. If,under paragruph 21.Lender shall ucquire or sell the Praperty. Lender,priar to the ucquisftion or —
<br /> ,.;,_- sale of the PropeRy,shall upply any Funds held by Lender at the timr of acquisition or�ale as a credit against the sums -° -
<br />_: . ,;,;.._.; • :; secured by this Securiry Inawment.
<br /> � "� `' ` 3. Application ot Payments. Unless npplicuble law provides otherwise,all pAyments reccived by Lender under
<br /> �'"' '�"'""''"^`w' aru rn hs 1 end 2 shell be u lied:first,to nn re a ment char es due under the Note;second,to amounts a able under
<br /> <;:;,•. P 8 P PP� Y P P Y S P Y -
<br />`•_<•,, • psuagraph 2;third, to interest due;fourth,to principnl due;und lust,to uny late charges due under the Note. --
<br /> 4. Charges; I.tens. Borrower shull pay all tuxes,atisessmenls, charges. fines smd impoxitions uttributable to the =
<br /> �';:' � , , Pruperty which may Attuin priority over this Security Instrument,nnd Ienschold payments or ground rents,if uny. Borrowcr
<br /> .. " � shall pay Ihese obl igntions in the manner providcd in paragrnph 2,or if nat puid in that manner,Borrawcr shull puy them on �•:`
<br /> [�:;,, , e ,. ' time directly to the person owed payment. Borrower shall prumptly fumish to Lender oll naices of amounts to bc puid undcr
<br /> - ' this parngraph. (f Borrower makes these payments direcUy, Burrower shall prompdy furnish to Lender receipts evidencing .
<br /> ''�` ., the payments. ..
<br />��:;', • Borrower shall promptly dischurge any lien which hus priority ovcr this Securiry Instrument unlexs Borrower:(n)ngrees — �
<br />.,__ . _ in writing to the payment of the obligAtion secured by�he lien in u manner ucceptAble to Lender;(b)contests in good faith the --
<br /> , . ' lien by,or defends ugainst enforcement of the I ien in,lesul prcx:cedings which in the Lender's opinion operute to prevent the —
<br /> . enforcement of the lien;or(c)xecures from thc holder of Ihc lien an agrecment satisfuctory lo Lender subordinuling�he lien r�=.:
<br />,"��' :: � ' to this Security Inswment. If Lender determines thnt any part of the Property is subject to u lien which may r�tlain priority
<br />, . "' over this Security Inswment,Lender mny give Borrower u notice identifying the lien. Bortower shall sutisfy�he lien or�eke
<br /> . one or more of the actions set forth ubove wilhin 10 days of the giving of notice. '
<br />; �s�. S. Hazard or Property Insurance. Borrower shall keep the improvcments now cxisting or hereaflcr erected on the /
<br /> Propeny insured aguinst loss by fire,hazurda i���luJcd witliin the term"cxlended cover�ge"and•rny other h�zards,including �
<br /> flaods or flooding.for which Lender requires insurunce. 'Chis insurnnce shall be maintained in the umounts and for the
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<br /> . _ Form 3028 9I9P �pugr:,�n�wkn�
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