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<br /> -- - —= TOflETHBR W1TH all the improvementa naw or hercaftcr c�ectod on the property.and all easement�,t+ppurtenances�and �
<br /> "— fixwrcs naw or hercafter A pan oP the prnperty. All replxements wui addilinns xhull �lco be covercd by thi4 Savrity
<br /> _:— Inrtniment.All of the farcgaing ia referral ta in this Sccurlty Instrument oa Ihc"PrupeAy."
<br /> BORROWER COVENANTS that Borrower is lawfully�ci�ed oi�hc eatatc hercby convcyed w�d haa�he dght to grunt and
<br /> ---- convey the Property And that the Propetty is unet►cumbered,exeept fur encumbronces of record. Barrower wumnts w�d wlll �
<br /> �, 4,-� defend genernlly the tiUe to�he Prapeny aguinst ull cluims w�d demund`.�eubject to uny encumbrances of record.
<br /> �' ': Ai .
<br /> THIS SECURITY INSTRUMENT combincs unifonn cuvenants Pi,r nutionul use und non-uniform wvenants with limitod
<br /> �.��-°,��a�=� varfWions by jurisdiction ta ca�stitute e unifbrm recu�ity instn�ment cavering real property.
<br /> � - �J UNIFnRM COVENANTS. Borrower and Letxler covenunt ond agrc�e us follows:
<br /> ,_. _
<br /> � 1. Payment of fhinci�wl And Interesti �P�yment and Late Chwrges. Borrower shall pr��n�pdy pay when due the, �
<br /> ,�M ,.�,� p�incipsd of eixl interest on�he de6t evidenced by the Nate wid nny prepayment ond Inte chorges due under the Note.
<br /> 2. Funde for TAaes and InsurAnce. Subject ta applicablc law or to n writ[en wuiver by Lendcr, Borrower shall pay to
<br /> �'�'�`'.�� Lender on thc day monihly payments are due under the Nnte,until the Note is paid in full;u sum("Funds")for: (a)yearly taxes
<br /> ---- - ■..�;,
<br /> j�;,'�;u;':,�`�,,''�j,°, ond assessments which may attain prioriry over this Secu�ity Instniment ati a lien on the Property;(b)yesirly leasehald payments
<br /> _y_��r��`.�., or ground rents on the Pmperty,if any;(c)yearly hazard ar propeny insurnnce premiums;(d)yeurly flcwd insurance premiums, _
<br /> y=ry;r�a�:��L� if su►y; (e)yearly mortguge insurance premiums, if uny;m�d(t�ony sums payuble by Borrower tu Lcnder, io accordonce wilh
<br /> 1_r:��=���%:��r ',' • the ravisions af aru ra h 8, in lieu of the u ment of mun A e insurunce remiums. These items ure cul�ed"Escrow Items."
<br /> ,�q�...v,:�_, P P 8 P P Y B 8 P
<br /> ;���,:r I,ender muy, at uny time. collect und hold Funds in un umount not to exceed thc muximum umount u lender for a federully _
<br /> °---�---------�` relatad mottgage loan may require for Burrower's eticrow uceount under the f«teral Real Estate Settlement Procedures Act of
<br /> �'`�.:��i�'';' ' 1974 as amended from timc to time, 12 U.S.C.S�xtion 2601 et seq.("RESPA"j.unless nnother law thnt�ppliec to the Funds _
<br /> .:-s��.re�r.,'s_. --1� .;��
<br /> :-,�y�il� , . sets a lesser iunaunt. if so, Lender muy, at uny time, collect cu�d hold Funds in an amount not to excced the lesser amount. __._.
<br /> -- �: �i,�.;,;„�s.�•� ., Ix�xler n�ay estimute the amaunt af Funds due on the busis of current dala and ree�neMle e.stimates of expenditures of iuture �_
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<br /> _ :h.,•.y, • � Escrow Items or otherwise in acwrdance with applicuble luw.
<br /> — ' . a"'°``:�� ' Thc Funds shall be held in an institutian whose deposils are insured by a federal agency, instrumentaliry, or entiry
<br /> _� ,.. �� , � , �.. (including Lender,if Lender is ruch un institution)or in any Fcderul Home Loan Bank. Lender shull apply the Funds to pay the �
<br /> , Escmw Items.Lender may nat charge Borrower far holding und applying Ihe Funds,unnually unulyzing the escrow acci�unt,or
<br /> u�y�,� �,;:,,,,, . , ' ' verifying the Escrow Items,unless l.ender pays Borcower interest on the Funds and applicnble luw permits Lencicr to make such rry
<br /> -- -- °� `�" "'� a cherge. However, l.ender muy require Bcttrawer to pay a nne-timc chargc for an independent real estutc tax repnrting service ___
<br /> __ _ ..��•:�_� `, r rs�.•
<br /> ,�„s�; � .•., ., u�ed by Lender in connection with this luan, unless applicable luw provides otherwir+e. Unless un agreement is mnde ar _
<br /> -- — • '`'="`' " ' applicable luw requires interest to be puid, I.cndcr shall not be reyuired to pay Harrawer any inlerest or e�mings on the Funds. ��
<br /> = _ '"�'�.'. �"� �` saROwer and Lendcr muy ugree in writing,howcver, thut intcrest shall be paid on the �unds. L.ender shull givc to Bormwer, �
<br /> �: ' ' � ` " without churge, un annual uccounting of�he Funds, shawing credits und debits to the Funds And the puryxise for which each �-
<br /> .�,.:aS,,.as�.;t�Ji�
<br /> _ - ,; , �,.,. dcbii iu the Funds u�a::made.The Pustds are pledgC(I tis 1lddltl�#lAI u'���rity��x al) wums secured by this Securiry Insttument.
<br /> ^�� �' If the Funds held by Lender exceed Ihe umounts permitted lo be held by app8cuble luw, l.ender shull ncrnunt to Bonower
<br /> _,:' , �r.•._i for the excess Funds in uccorJnnce with�he requirement�of upplir:�ble law. If the umoum of the Funds held by Lender at nny ___
<br /> '�''��� • time is not sufficient to puy the E�rrow Item+when due. L.�iulcr muy so natify BoROwer in writing,and,in xuch case Barrower =�-:
<br /> - • shall pay�a l.ender the c+mount necessary tu muke up the deficietny. Bormwer shall make up the deficiency in no more than ��`
<br /> twelve monthly paytnents.at L.enJer's solc Jiscreti�m. _
<br /> ° Upon payment in full of all sum+ srcured by this Security In,trument. LenJer shall prampdy refund to Borrower any ,
<br /> � " .. �. Funds held by l.ender.lf,under parngraph 21,Lrnder shatl uryuirc or�cU thc Propeny, l.cndcr,prior to the acyuisition or wle �`�
<br /> ` „ of thc Property, tihall apply uny Fundx hclJ by l.cndcr at the timc of acyuisition ar tiulc as a creciit aguinst the sums aecured by
<br /> :u
<br /> this Security Instrumcnt.
<br /> ,��� ��'" "'�;�� 3.Application oP P�yments. Unlc.�appliruhle law proviJrs��thcrvvir�,ull payments receivcd by Lendcr wxler parAgraphs �'.•-
<br /> �, :;',�i�'�• � 1 And 2 shull be upplied: first, to any p�epaynknt churgc,Juc umler thc Note: tiec�►nd, tn umounts puyuble under parabruph 2; �.. ..
<br /> • third,to interest due; founh,to principal Jur,and lu,t,to uny lute churges due unJer the Nate.
<br /> 4.Ctw eq L ['�'� �_.
<br /> . _ � - ;,... rg .; (en.s. Bi�rrawer xhall pay rdl taYc�. a.����•mcn��,�•h:�rpr�. fin�c and im .i�ions uttributuble�o the Pmperty
<br /> � �'� which may attuin priority o�•er thiti Securiry Imtrument, arxl Icatichuld paynunt�or ground rents, if uny. Borrower shall pay
<br /> . • , � . these obligutions in the m•rnner pruviJ�Yi in parngraph 2,ur if nut puiJ in Ihat mannrr,B�►rruwrr�I�ull pay them on time directly �_
<br /> �` .�;� . .�. to the person nw�d payment. &�rrowcr,h�ll pramptly 1'urnish tu LrnJer all ni�tirc.of,unuunt�to t�p•riJ under�his parugraph. �'�
<br /> ' ,',"�;.. ` . If Bormwer mukes thc�e paynkn�s dir�titly.Hurr��w�r�hull prumptly furni+h tu Lender receipt�evidencing the paynknts. --
<br /> . &�rrower shidl prompily Ji�rharge uny licn u�hirh ha,priurny uvrr Ihi.Sccurity Irntrutncnt unlc�x&irruwer:(n)agrce�in
<br /> ,ti:
<br /> �• wriling lo thc payment of Ihc ahli�utiun�ccur��t Ny thc licn in a manncr urreptahle ti�I_enJcr: lNl conte+�s in g�wd faith thc licn
<br /> �• � • by. or defend� agnimt enti�rccment of �hc licn in. Irgul pn�rceJing. which in the L.rnJer'ti ��pini�►n �iparatc to prrvent th� i
<br /> - enforcement�►f the li�n: ar 1�1�crurc�frum thc huld�r ol'�he lien an agrecment +a�i,l'actury• iu I.rndrr.ulx►rJinuting �hc li�n tu �•
<br /> � � this 5ecurity Instrumem. If l.rixlrr JMerminr��ha1 un�• (�art��t'Ihc Pru�xrty i� .ruhjrct a�a lirn�rhich may :►ttain priaril�• ����er -
<br /> this Security In�trununt. LcnJcr ma�•givc R�,rn,��rr a nutire idcntil��m��h�•hrn. H�,rru��rr.hall .��i,t� �hc lirn�x tahc onc or
<br /> ° ' ° more of the actions se�fodh uhove within 10 Juy.r�it tlx giving ot'nutirr.
<br /> . �� Form 3028 81p0
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