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<br /> - TO(1BTHER WITH�II the improvements now on c�rcafter erected on the praperty, +u�d al�easements,appurtenwues,and
<br /> f�xtures now or hereafter a pazt of tho pro�ny. All replacements end additiana shall also bo cavercd by this Securfty
<br /> — Inctn�ment.AU of the foregoing is rcferred w in�hia Secu�iry lnstrument rw the"PropeRy." '
<br /> _-- - BORROW�R COVBNANTS that Bortower ia lawfully seised of the estate hereby canveyed And has the rlght ta grant And
<br /> convey the Property end Ihet the Property is unencumbered, except for encumbrunces�if record. Borcower warrents and will
<br /> '-'•. ��_� defend generally the tille to th�Property agdnst all claima wid demw�ds,subject to nny encumb�ances of record. -�
<br /> TH1S SECURtTY iNSTRUMENT cumbines uniform covenants for natianal usc and nan-uniPorm covenanl�with limited
<br /> � i varimio�by jurisdiction a constiwte a uniform scrurity inst►ument covering real pmpeny. � _
<br /> - UNIFORM COVENANTS. Borrower and Lender covenant and agr�e os follows:
<br /> 1. Paymeat ot PrincipAl and 1Merest; Prepayment and I.s�te Cliorges. Borrower shall pramptly pay when due tha.
<br /> pri�ipal of and interest on tha debt evider�ced by the Note and any prepayment und latc charges due under the Note.
<br /> �`�""�'`�"�'="� 2.Funds for Taxes and Insumnce.Subjat to applicuble law or ta a written waiver by l.ender. Borrower shull pay ta
<br /> """°`"""`n""`�� l.ender on the day monthly payments are due under the Note,until thc Note is paid in full,u sum("Funds")for: (a)ycarly tanes
<br /> - - �------='�,'� an�i usx��ments which may attain priority over this Security Instrument as a Ilen on the Property;(b)yearly Ie,asehold payments __
<br /> ��' or ground rents on the Praperty, if any;(c)yearly hazard or property insurence prsmiums:(d)yearly flood insurnnce premiums, -
<br /> �""��'��'*�� if any;(e)yeut'ly mortgage insurance premiums,if any; and(�any sums paya b le by B o R a w e r t o L e n d e r, i n a c c o r d a nce wilh �
<br /> �^a��-r�:�:��u—:.�:;�;;� the provisians of paregraph S,in lieu of the payment of mongagc insurance premiums.These itcros are called"Escrow Items."
<br /> ,�„��;;a�� I.ender may, at any time,collect and hold Futxla in an amount nat to exceed the muximum amount a lender for u federally
<br />°---- ' -- reiated mungage ivan muy require for&�rrawer's escrow accaunt under the fedcral Reul Estate Settlement Procedures Act of _
<br /> ��4u�� —
<br /> � ���;,��*�. 1974 ac amended from time to time, 12 U.S.C.Section 2601 et seq. ("RFSPA'). unless another law that npplies ta the Funds
<br /> - �`"'�':"`'`:� sets a le.sser amount. If so, I.ender ma at an time, collect and hold Funds in wi umount not to cxcccd thc Iesser amnunt. �
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<br /> '' y�' i.ender may estimate the amouat of Funds due on the basis af current deta and reasonable c�timates of expendilures of fu.urc
<br /> �" T ' � �s��•� Escrow Items or otherwisc in nccordance with applicable law.
<br /> '���,� "�"' 71te Funds shnll be held in an instilution whose deposits are insured by u federul ugency, instrumentality, or enti�y __—
<br /> - - ---- (including[.ender, if Lender is such an institutiun)or in any Federal Home Loan B�nk.I.ender shall apply the Funds to pay the _
<br /> -����.,,�,;��� • � Escrow Items. Lender may not charge BoROwer for holding and applying thc Funds,annually analyzing the escrow account.or �
<br /> ---_ �''-"'�"�°'""" verffying the 8scrow ltems, unless Ler.der pays Borrower interest on the Fwxls anJ applicable Iaw permits l.ender to meke such
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<br /> —.. a charge. However,Lender mny rcyuire Borrower to pay a one-time charge for an independent real estate tax reponing service __
<br /> -- ' °t' •• �`�'•'"' used by I.ender in connection with this loan, unless applicable law provides utherwise. Unless an agreement is made or
<br /> �__ '�":,•� � •.� � applicablc law requires interest to be paid,Lender shull nut be required w pay&►rrowcr any interest or eamings on the Funds.
<br /> —_�•,,;;,�,,�_.��• : Barrower+md l.ender muy agrce in writing,huwever, that interest shell be paid on thc Funds. l.ender shull give to Horrower.
<br /> - -�o`rr.° �--- --§ without chtuge,an annual nccounting of�he Funds, shawing craiits w�J�lebiia io thc Funds and the purpo::e for sehlch eaeh --
<br /> �;.±; ,,,': ' ' debit to the Funds wns mnde.The Funds are pledged s�additional security ibr all sums secured by this Se�:urity In�trument.
<br />_;.��.: If the Funds held by[.ender exceed the amounts permitte.�1 to be held by applicablc law,ixnder shull account to Borrower
<br /> .1.e,, +�' , for the excess Fundti in accordance with �he reyuirements of applicable Inw. If the umount of the Funds held by L.ender at any
<br /> :- � i� M time is not sufficient to pay the Escrow Items when due, Lender may w nutify&irrower in writing, and,in such case Borcuwer
<br /> __ �'�.;..•�� `;:;,� shull puy to L.ender the um�unt necessury�o make up the deficiency. Borrower shull make up the deticiency in no mare th�u►
<br /> ' °� twelve monthly paymentti,at l.ender's siile discretion.
<br /> � �;!'; Upon payment in full nf ull sums secured by this Security Inztrument, l.ender sh:�ll promptly refund to Borrower any
<br /> �. , . ,.,• Funds held by Lendcr. lf,unde�parugruph 21, Lcndcr shall ucquirc or scll the Pruperty, Lender,prinr to the acquisition or sale
<br /> . � •'r ,. of the Property,shall upply uny Funds held by Lcnder at the time of acquisitiun or sule ux a credit against the suma secured by
<br /> -: . . .. . . „ this Securiry[nstrument.
<br /> :',t ' '' " -'' 3.ApplicAtion oP Poyments.Unless applicable law pn►vides otherwisc.ull ps�ymcnts rcticivocl by Lender u►xier paragrapha
<br />•��•� � �,y�.,�,,;. 1 and 2 shall bc Applied: first,to uny prepaymcnt churges duc wxier thc N��tc; scamd,tci umuunts payable under paregrnph 2; __
<br />-�__ � �«M�;� . �� third.to interest due:founh,tu principal Juu; und Iwt,�o;my late charges due under the Note. _
<br /> �; ` r • �:.,�•���.-� 4.Clwr�es; Llens.Bormwer shull pay uU tuxes,�ssessments, churgcs, tines und impositions nuributable to the Property •
<br />�•��• , • �� which muy attain priority over this S�.�urity Instrument. und Icasehold p•ryment, ur groutxi rents. if:uiy. Borrower shall pay '
<br /> - ^ . ° � these obligotions in the munner provided in purugruph 2,ix if nut p•riJ in�hat manncr, Borrowcr,hall pay them on time direcdy �-.--y
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<br /> ,i�,-. to Ihe penon owed pay�mnt.&�rrower shall pramp�ly fw•ni,h to L.�ndcr uil nntices ot'amouniti w be paid under this paragraph.
<br />- �"""'`�'� " � If Borrower mnkcs thcsc p�yments direcUy,B��rrowcr shull prumptly furni�h tu l.rnder r��ceipts cvidencing�he payments.
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<br /> :.;r� , Borcower shull prompdy dischurge uny licn whirh hu�priority over thi�Srcuriry Intitrument unle,w Bc►rrower: (a)ngrcws in �_
<br /> • +� writing to the payment of the obligutiun s�tiur�d by the lien in�manncr acrcptuble ai LrnJer;Ib1 ronte,tti in good faith the lien �"`'
<br /> by, or defends •rguintit enfcireement ot' tlx licn in. Icgal prcx«:Jings which in thc Lrnder'� upiniim �iper�te to prevent the �'
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<br /> enforcemcnt of the lien: or(rl ticcurc.r fr�xn thc huWcr of the licn an agrerment.�ti�fartury'1�� I.ender tiutx►rdinating►he licn ti� `�
<br /> this Securi�y In,trumcnt. If Lcuder drtcrminr�ihat uny part ul'thc Pra�xny i.wbjcrt u, a licn which may atwin priority uver �.-
<br /> ,� ' • � • this Security Inxtrument. LcnJer muy give Burro�vrr a notirr iJrnlifyin�:ihc lirn. Rurro����r,h:ill �ati,l'y thr licn ur tukr one or
<br /> •� � ��� . • . more of the actions set fonh ubove within IU d•ryx of�hc grving��f n��tirr. �
<br /> '� ., Fam 3028 91�0 ,
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