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<br /> � TOC�ETH�R WITH all�he impravements nc►w or hereafter eractod on the propetty.u�d�Il eacernent:.appurleiwnca,and
<br /> fiaturcs now or hereafter a part of the propGrty. All replacements and edditfons sholl alco bo coverod by thl� Siecurity
<br /> lnurument.All of the foregofng is referred to in this Sccudty instrument ac the"Property."
<br /> "`� BORROWBR COVENANTS that Borcower ia lawfully ceised of the est�te hereby conveyed and h�the rlght to�rant�rd
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<br /> wnvey the Propeny end that the Property ia unencumbered. except for encumbr�nces aF record. &,rrower wamrrts onJ will �
<br /> _ defend generally thc�itic to the Property against all claims and demands,subJcct to any encumbrnncea�f record.
<br /> ;:,*` TH[S 3ECURITY INSTRUMENT cambines uniform rnvenanls for natio�wl use and non-uNform covenant�with limitad
<br /> ,_ - var�4tions by jurisdiction to constitute a uniform security inatniment a�vering real property. _
<br /> UNIFORM COVENANTS. Borcower and l.ender covenent and agree as follows:
<br /> 1. Pwyment of Princip�l wid laterest; Prepayment And Late Chs�rges. Borrawer shaU promptly puy when �iue the
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<br /> --- -- - principal of and intercat an the debt evidenced by the Note and any prepayment cmd late charges due under the Nate.
<br /> 3.Fan�k t�r TAx�A�wl fmznrwn�w. Gihje.ct to s�plicable law ar W a written walver bv l�nder, Barrower shall poy to
<br /> ����'. Lender on the day monthly payments are due under the Natc,until the Note is pald in full,a sum("Funds")for:(a1 yearly taxes
<br /> '�`�`'c.�__ and ussessments which may attain priority over this Secu�ity Instrument as a lien on the Prapeey:(b)yearly leasehold paymenq
<br /> ===-.:;�:v��j or ground rents on the Property. if any;(c)yeacly heuud or property insurance premiums;(d)yearly flood insurance premiums,
<br /> ---��- - �`� if any;(e)yearly mortgage insurance premiums, if any; sind(�any sums payable by Horrower to l.ender, in accoidance wlth
<br /> �� the pravisiona of paragraph 8,in lieu of the payment of mortgage insurancc premiums. These items are called "Escrow Items."
<br /> — � +�' I.ender may, at any time, collect and hold Funds in s►n amount not to exceed the maximum amount n lender for a federally
<br />� ���� related mortgage laan may reyuire for Borrawer's escrow accaunt under ihe federal Real Es�ate SetNement Procedures Act af
<br /> ��;;•+n• -° 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq. ("RE5PA"), uniess another law that applles to the Fund9 -
<br /> -- _ - -=-'-`�:,.,;i � sets u Iesser nmount. Tf so. Lender may, at uny time, collect und hold Funds in un umount not to exceed the lesser amount. -
<br /> ��',°'�W ik.,,,�' Lencler may estimate the sunount of Funds due on the basis of current data and reasonable estimates of expenditures of futurc
<br /> ���+ � Pscrow Items or othcrwise in accordance with applicable law.
<br /> '��1'`��--�---�1,.. ' , ` ' ' The Funds shall be held in un institution whose deposils ere insured by n federal agency. instrumentality. or entiry
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<br /> , ;�-�N::� i �.::�'�" (Includin I.ertder,if Lender is such an institution)or in an Federal Home Loan Bank. l.ender shall a 1 the Funds to a the
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<br /> _ °° � -� Escrow Items. [.ender muy not cherge Borrower for holding and applying the Funds,unnually annlyzing the escrow account. or -
<br /> 'r`' verif in the Bscrow Items. unless Lender a S Borrower interest on thc Funds and a licable law rmits L.ender to make such
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<br /> �'�� d+�+i�%-�� ` Y a charge. However,I.ender may require Borrower to puy a one-time charge for on indepcndent real estate tax repohing service
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<br /> - :�:�;�`:,;':;: used by I.ender in connection wi�h this loan, unless upplicable law provides otherwise. Unless an agreement is made ur
<br /> ;:• `'�.'"€; .,�.. '�� uppliceble law requires interest to bc pnid, Lender shull not bc required to pay Borrower any interest or earnings on the Funds.
<br /> -�:���1..• '•"'`. :•'" °� Borrower and I.ender may agrce in wrlting, however. that interest shall be paid on the Funds, I.ender shall give to Borrower,
<br /> --"='--.° -_ Q_,, :--.-_- wIthout cheroe, an annas! accounting of the Funsis, SIl41YISto credits and debits to the Punds and thc pur�ese for whirh eflch
<br /> ' �, _,r.:� •,,.,. .;. � debit to the Funds wus made.The Funds are pledged us additionai security for ull xums secured by this Securiry 1ns�rumeM.
<br /> „' � If the Funds held by Lender excced the amountc permitted to be held by upplicuble law,Lender shall account to Borrower
<br /> ' � .� , � for the excess Funds in accordunce with the requirements of applicable luw. If the amount of the Funds held by Lender ut any
<br /> � ••• ,� , time is not sufficient to pay the Escrow Items whcn due,I.endcr mny so notify Borrower in writing.�nd,in such�ase Bortower =
<br />" � shull pay to Lender the amount neccssary to n�ake up the deficiency. Borcower shall make up the deficiency in no more than =�
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<br /> �` �1'"' � ` twclve manthly payments,at I.ender's sole discretion.
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<br /> � � ' ` �� Upon puymcnt in full of all sums secured by this Security Insirument, I.ender shull promptly refund to Borrower any
<br /> ' �1 � � Funds held by L.ender. If, under par�grnph 21, I.ender shull ucquire or xcll the Property, l.e:nder,prinr to the acquisition or tiale
<br /> �,. ,..,..,;�,,.,. .. �..; ' oP the Property,slwll apply uny Funds held by Lc�uler ut the time of ucquisition or wle as a credit against tt�e sums secured by
<br /> ��� �•.,;�;.:�,:.;,,,.:��. this Sccurily lnstrument.
<br /> T:�� � .. 3.Applicution of Payments.Unless npplicable luw provides atherwisc,nll puyments receivcd by Lendcr undcr paragraphs �
<br /> �','' ^��. `� � . � 1 nnd 2 sholl be upplied: first, to uny prepuyment churges Jue under the N��te: �cccmd, to umounts puyable underpara�raph 2;
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<br /> � �� . � third.to intcrest due; fourth,to princip•rl duc:and I•rst,to uny Ia1c churgc�duc undcr the Notc. -
<br />� �`•�� � �. 4.Clu�rges; Llens. Bormwer�shAll pay ull taxes,assessments,rhargc,, fines aixi imp�isiti��m attributable ta the Property
<br /> " ��� which mAy attain p�iority over this Security Imtrument, unJ IeusehiilJ paymen����r gruunJ rent�, if any. Borrower tiball pay
<br /> d � }F�'r; , these obligations in the manner provide�cl in puragruph 2,or if not paid in�hrt manner,Horrower tihall pay them on timc directly -
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<br /> � to thc�e�on owed puyment.Bcirtowcr»hall promptly furnish tu l.endcr all noticc.uf am�►um,t�►t►e paid under thi�p:�ragmph.
<br /> «�,� �..�- . °` � iP Borrowcr mukes these puymcnts Jirectly,Bnrniwer shull promptly fumish to I..cndcr reccipt.rvidcncing�he puyments.
<br /> � �•�1 •:�°J."r' . � � ` &►rrower.r•hAll prompdy Jischarge any licn whirh hus prioriry uvcr�hi.Srwrit�•In.r�rununt unlcxs Borrowcr:(a>agrces in
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<br /> ''�i� writing to the payment of thr obligution secured by the lirn in u munner ucreptnhle a�I_end�r;lb)cnntrtitti in g�xxl taith the lien
<br /> .. ��i� •• by, or defends ugainst enforcement of thc licn in, Iegal procecdin�� which in thc Lrndcr'. opini�m oprrate ta prcveM the ;
<br /> , enfixcemem of the licn;or(c)suurex from thc huldcr uf�he licn un ugrce�ixnt tiati.lurwq• tu[.ender.uhordinuting the lien to
<br /> • •- this S��curity Instrument. If l.cndcr decern�incti Uiat •rny purt of�he Nru�x;�ty i� ,uhjrci a,a licn which muy uttain priurity over
<br /> :' � , ; this Security In.trument. LcnJcr muy givc Burr�����rr a notirc iJrnlifyinE �hr licn. B�,rr����•er �liall .ati.l'y dx li�n ur tuke une �tt _
<br /> . more of the actinns set fonh above within 10 duys of the givmg ol'noticc. f
<br /> �' � �^ Form 3028 8/�0 �
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<br /> Ppa 7 0/6
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