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<br /> - TOt3ETHBR WITII all thc improvcments now on c�rwfttr erected an the property,And all c�sementa.Appurtenarues,and
<br /> � tixturea naw ot hereafler A �u�t of the prc�perty. All replacemcnts ond udditiana shall ulsa ba covored by this Sccudty
<br /> - ` ---�_=—� lr�ttuatent.A!!of thc f�agning ix refeaed to in thir 5ecu�ity lnctrument u�the "Propeny."
<br /> ` BORROWER COVENANT3 tlmt Borrawer is lawfully scised uf the estate hereby convcyed and has thc right to grnnt and
<br /> canvey�he Property and Ihat �he PrapeRy is unencumbered, eacept fur encumbrunces of �ecord. Borrower wurtau�ts and wfll
<br /> � - defend generally the title to the Property aBeinet all claims anci demandc,su6ject to uny enc:umbrunc�of record.
<br /> ��� THIS SECURITY INSTRUMENT combines uniform covenants far natia�wl use und non•unifonn cov¢nnnir with limited
<br /> voriwtions by judsdiction w constituto a uniform secur�ty instrument cavering real propeny. -
<br /> . UNIFORM COV ENANTS. Borrower and Lender covenant anJ agrec as follows:
<br /> l. Paymeat ot Princip�l ami interest; Prepayment s�nd l.ate Chorges. Borrower shall pr�mptly pay when due the,
<br /> �H--�� -_ principal of and Mterest on the debt evidenced by the Note tu►d any prepayment and late charges due under the Note.
<br /> -�"''Y''�'i"°�� 2.Funds tor Taxes and Inaurance.Subject to applicablc law or to a written waiver by L.ender. Borrower shnll puy to
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<br /> '��3�y�y.� Lender on the doy monthly payments are due under the Note,until the Note iy paid in full,A sum("Funds")for: (a)yearly tuxes
<br /> �����_"��*��'�y and assessments wh��h muy attain priority over this Security Instrument us a lien on thc Property:(b)yearly lc:utiehnld payments
<br /> -=�=="x.� � � ar g�nund rents on the PropeRy,if any;(c)yesul y hazard ar property insurance premiums;(d)yearly tlaad insurance premiums.
<br /> �s�-°•"� if any:(e)yesuly moRgage insurance premiums. if any; and (0 any sums payuble by Bnrrower to L.ender. in accordance with
<br /> '�"��°-x• the provisions of paragrnph 8,in lieu of the payment of mortgoge insurance pr�miums. These item�are called "Escrow ltems."
<br /> _ �i�'' I.ender may, at aay time,collect and hold Funds in an amount not to exceed the maximum amount a lender far a federnlly
<br /> y��:�;.; n;lated mortgage loan may require for BoROwer's escrow account under tha fcderal Reul Estute Settlement Pracedures Act of
<br /> - ---� ��`•" 1974 as s�mended from dme ta time. 12 U.S.C. Section 2601 el se�. ("RFSPA"),unless another law that applies to the Funds
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<br /> ___- ,_�,,,_ ,�..+�; sets a lesser amount. If so, l.ender may.et any time, rnllect and hold Funds in un amount not to exceed the lesser amount.
<br /> ���,.�.,••��• � `.�::�; Lender mAy eadmate the amount of Funds dur.on the basis of current data and ressonaWe estimates of expenditures of futu�
<br />___ �,,._ . . ;.,. '''7s:.°, Escrow Items or otherwise in accordunce with upplicabie law.
<br /> . . . :•�.:i �;.,�,, The Funds shall be held in an inslftution whose deposits are insured by a fedcral agency, instrumantaliry, or entity
<br /> „ .. . ' '. ' (including I.ender,if Lender is such an institution)or in uny Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> � •� • . ` ,:•��• ' Escrow Items.l.ender may not charge Borrower for holding and applying the Funds,unnually unalyzing the escrow account,or
<br />_ . -'`�. �°"� ` verifying the Escrow Items, unless l.enderpays Borcower interest on the Funds and applicAble law permits Lender to make such
<br /> . � �`� `�'���� '` a charge. However. Lendcr may requirc Bon•ower to pay u one-time charge Por an independent renl estate tex reponing service
<br /> �,c:r_:.�_::::.. . uaed by I.ender in connection wlth ihis loan, unless applicable law provides otherwise. Unless en agreement is made a�
<br /> � � '� .�``'" applicable law requires interes�to be paid,Lender shall not be required ta pay Borrower any interest or carnings on thc Funds.
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<br /> __ .�.�t�.�.,yr�.:.�.:.�.a.;_ gQ�wer end Lender mny nMrcr. in wri�ing, hnwever. that interest shall be paid on the Funds. Lender shall givc to Borrawer,
<br /> � ���"�� wlthout charge,an unnual uccaunting of the Funds, showing credits and debits to the Funds and the purpose far which each
<br /> ` ', ° debit ro the Funds was made.The Funds are pledged ar,udditional s^curity for nll sum�u�ured by this Security Instrument.
<br /> - � '. If the Funda held by Lender exceed the:umounts permitted to be hcld by applicablc luw. I.ender shall account to Borrower
<br /> , �, for the excess Punds in eccordance with the requirements oF applicnble luw. If the amount of the Funds held by Lender at nny
<br /> '.���,����'` �°" � tlme is not sufficient to pay the Escrow Items when due. [.ender may so noiify Borrower in writing,und,in such case BoROwer
<br /> � �� shall pay ca Lender the nmount necessary to make up the deficiency. Bormwer shall make up the deficiency in no more than
<br /> '�""',"".• a .�.�`":��' twelve monthly puyments,at LenJer's sok discretinn.
<br /> ' � " ���" Upon paymcnt in full of ull sums secured by thix Security Instrumcnt. Lender shaU promptly rcfu�xl to Borcower any
<br /> ' �"°�"`�" �'� ' Funds held b I.ender. If,under aru ra 21,L.emier xhull ac uire ur sell the P rt Lxnder,prior to the ucquisilion or sale
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<br /> �-' �;°•• .�.�� of the Property,shall apply any Funds i�e1d hy I.Pncler ut �he time of acquisi�ion nr a;ale ns o credit aRuinst the sums secured by
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<br /> `1... �� • ' •�• � • 3.Appllcation of Payments.Unlcsx upplicable luw provides otherwisc,ull payments received by L.enJer undcr puragraphs
<br /> j�` � �' ° 1 and 2 shall lx appli�xl:first,tu any prepayment charges duc under thc N�itc; sccond, to aitwunts payuble under pnrngraph 2;
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<br /> third,ro interest due:fcwnh,to principal duc:und la��,tu•rny lute churges due unJer the Nute.
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<br /> . : """' �� 4.Charges; Lleng.Borrower shall pay all taxc�,asscssmcnts.chargcs, fines and impositions attributuble ro the Property
<br /> which may attain priority over this Security Instrumcnt, und leuschold payment,or ground rents,if uny. Borrower shull pay
<br /> ' '�0.�!`�- these ohligations in the munner provided in purugruph 2, or if nut paid in thut manncr.Bnrr��wcr shull pay them on time directly
<br /> '"' •� to the person owcd payment. Borrowcr tihall prompUy furnish tu l.cnJer all nc�tires uf umounts to be paid wuler this paragraph.
<br /> '�.. "� � , If Bonowcr makcs thesc paymentx direcdy, Horruwrr�hall prumpdy 1'urni�h to l.enJcr rcccipts cvidencing the pnyments.
<br />_ ��"'�`�- ° ` Borrower shull prompUy discharge any licn whirh ha+prioriry ovcr thi.Security Instrumcnt unless Borrower: (n)osrees in
<br /> � �'`.;��� L writing to the payment af th�obligution ucurcJ by thc licn in a mannrr urrcptable tu Luxirr;(b►contests in gcxx! faith the lien
<br /> � � �''�.��.•.. by, or defends aguinst enForccment ol' dir lien in. Ic�ul prix;eedings which in the l.cndcr's ��pinion opernte to prevent the
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<br /> • • " � enforcement of the licn;or (c)ticcurc�1'rom �hc huldrr uf the lirn un uEreement satisfuclory to l.cndcr xub��rdinating the lien tc►
<br /> � , ' •t, �' , , this Security In.trunx:rn.If L.ender Jetermine+that any pan ol'the Pruperly is,uhjcri to a lien which may atwin priurity over
<br /> �• . this Security Instrwixnt.l.enJer may givc Rormwer a nuiicc idrntilying thr licn. [iurr��w�r,hall .ati.rl'y tlu lirn or tuke one ur
<br /> ' more of the actlons set forth alxwe wi�hin 10 day.nf thr givinF of n�iticc.
<br /> . � �. : .3 Form 3028 8180
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