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<br /> — TOC3ETHBR W1TH �II thc Improvemenlr now or herc.�iler croctoJ on Ifx pro{xrty,�rx!dl eArement�►,appurtc�wx�,�d
<br /> — - fixtures now an c�rcaDcr a ptut oi the PropcnY. All rcpla��cnKnlx wwl �IJiliun» �hall drn bo wveroJ by thir Sa:utity
<br /> lnstrument.All of the forcgoing is refertal to in�hfx Socurfty Inxtn�mart ux Ih�:"Pa►perty." '
<br /> -,.---— _ -•.�=_,�.
<br /> BORROWER COVENAN'f3 that Borrower iR Ipwfully Kisal of thC cN�ic hcrchy cnnveyed rnd hnw tho ri�hl u►Qrw�t w�d :
<br /> - ---- rnnvey �he Pr�y�erty and �hat thc Property ie unen�:umt�raf.cx.�.t f.►r��xu�iiht�ukc:�of recard. @arral4cr w��nnu� and wNl �_ _
<br /> =- defend genernlly the tide to the Property against wll claima and demAndr,KuhJect tn any encumbrancea oP rerurJ. ---
<br /> - THIS SECURITY INS7'RUMBNT combines uniform cavenanta for nationul use ond non-uniform covenants wlth limited ,
<br /> -;;-;— varialiona by jurisdiction to constituta a uniform security instn�ment covering real pmperty. �
<br /> �---- ------ UNIFORM COVENANTS.Borrower nnd Lender covennnt and agme es followg: '
<br /> 1. PAyment ot PriacipW and IMcre�t; Prepayment And L.s�te Charge9. Borrower fhAll promptly pay when duc the� ��
<br /> principal af and interest on the debt evidenced by the Note and any prepuyment and latc charges due under the Note.
<br /> 2. Ftind�tor Tnxes pnd Insur+mce. SubJect to applicable law or to a written waiver by Lender, Borrower shall pay to
<br /> l.ender on the day monthly payments are due under the Note,until the Note is paid in full,a sum('FunJa")for:(o)yearly taxes
<br /> and assesamenta whlch may attain priority over this Security Instrument as a lien on the Property;(b)yearly Icasehold payments
<br /> —=------- ��------- or graur�d rents on the Property,if any;(c)yearly hazarl o�•property insurnnce premiums;(d)yearly flaod insurnnce premiums,
<br /> if any; (e)yearly mortgage insurnnce pretnlums,If any;and(� any sums paynble by Barrower to L.ender, in accordance with
<br /> � the provisions of paragmph 8. in lieu of the payment of mortgage insurance premiums.These items are called"Fscrow Items."
<br /> """"-'�""�'��� Lender may, at any time,collect and hold Funds in an amount not ro exceed the muximum amount a lender for a federally
<br /> related mongage loan may require for Borrower's escrow account under the federal Resl Estate Setdement Pracedures Act of
<br /> = — 1974 as a�mnded from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to thc Funds
<br /> sets a lesser amount. If so, L.ender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> '�^"*_����^,..t Lender may eatimate the amount of Funds due on the basis of wrrCnl daw a��d reaso�wble estimates af cxpenditut+es of futu�+e -
<br /> �"�;��.. Escrow Items or othenvise in acco�+dance wlth applicable law.
<br /> ..� ..,._ .,'�
<br /> w� , , The Funds ahell be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> -_ •.•'�N� � (including I.ender, if I.ender is such an institution)or in any Federal Home Loan Bank.l.ender shall apply the Funds to pay the
<br /> � Escrow Items.L.endet may not charge Borrower for halding and applying the Funds, annuaJly analyzing the escrow account.or
<br />'_�';�.��.�,,;�'_,:; . verifying the Escrow ltems,unicsa l.ender pays Borrower lnterest on the Funds and applicuble Iaw permits l.ender to make such
<br /> �� ob�;;�"�� • a charge. However.Lender may require eorrower to pay a one-time charge for an independent reai estate tnx reporting service
<br />::,��:.:.
<br /> ,�� 't a�� used by lxnder in connection with this loan. unless applicable luw provides otherwise. Unless an egreement is made or
<br /> ---��.�"� � r, upplicablc law rcquires interest to be paid. l.ender shall not be required to pay Horrower any interest or eamings on thc Funds.
<br /> —� • �; Borrower and l.ender muy agree in writing,however,that interest shall be paid an the Funds. I.ender shall give ta Borrowcr,
<br /> °— '' without ch�rge, an annu�l accounting of the Funds, showing credits und debits to the Funds und the purpose for which each
<br /> -�.--z:,;;�,. —_-. ��;��- debit to the Fundr w�u uwdC.Ti�a Fu�Js are piuigc�i as addiiional xcnrity far a1!sums sccurcd by this Sectsrity Irsstn+ment.
<br /> -•�s!�at,.k�.fLV..a.�
<br />;_,,����-��'t�, If the Funds held by Lender eaceed the amounts permitted to be held by applicable law,l.ender shall account to Borrower
<br /> �`�-�'""`''?'�'� for the excess Funds in accordance with the rcquirements of applicable luw. If the amaunt of the Funds held by lxnder at any
<br /> ___ _.-���� ��, time is not sufftcient to pay the Escrow Items when due,L.ender may so notiFy Borcower in writing,and, in such case Borrower
<br /> - . . shall pay to l,ender the umount necessary ta make up ihe deficiency. Borrower shall make up the deflciency in no more than
<br /> _ m�_,,r��„ twelve manthly paymcnts,nt Lcnder's wls discretion. �-
<br /> �� ''��� �' . � � Upon payment in full of ull sums uxured by this Sccurity imtniment, l.eixier rhall prumpNy refund to Borcower any
<br /> -�, ,�_.°n�.�:_N..,. . .w
<br /> • . ., ._ _.. ,; Funds held by L.ender.lf,under parogrnph 21, l.ender shall ucyuirc or sell the Prnperty,l.r.nder,prior to the ucquisition or�ale
<br /> „�„"„Q,�,,� " of thc Propeny.shall apply ony Funds held by l.ender ut the tin�e of a�quisition nr wtle us u credil against thc sums secured by
<br /> �+ .. . "', . � Ihis Socuri�y Instniment.
<br /> ;'�+►�` ., •.:��
<br /> - -• ' �N•.=t 3.Appiicaliun uf P�ymenlw.U�dc+,upplicabir law pruvidc+utheru•isc,all paymcnt�rucivcd by L.cnder under paragraphs �- _
<br /> � ��,,.: , I and 2 shall be applied: first, tu uny prcpayment chargcz Juc under�he Notc: ,ecurui,to am��unts pAyable under paragruph 2;
<br />-- ,,,�, o,,;�;,.,� Ihird,to interest due�fourth,to principul duc: and lu+�,to any I�te rhorgrti due under the Note. �-
<br /> .,.�.,...,., 4.Chnrges; I.lens.Borrawer shall p•ry ull tuxes,u.sr,�menh,churge�, tin�w unJ impositions nttributuble to thc Property
<br /> � �,�;,;�.' :'�c,��.` which nwy s�ttain priority ovcr this S��urity Instrumcnt, uixl leaschuld payments ur ground rents, if any. Borrower shall pay �
<br /> thesc obligations in thc munner pu►vidccl in pa�ugrsiph 2,ur if not puid in thut manner, Bnrmwcr shull puy them un�ime directly _
<br /> � �� � " to the person owecf payment. &�rrower xhall prompQy furni,h to Lcixlcr vll noticca�►f wmwntti to be puid utuler this parugraph. ---
<br /> � �, ' If Borrowcr makes thcsc puyments dirccUy,Borr�►wcr xhall prompUy furnish a�l.cnder receip�s evidencing the payments. �__-
<br /> ��- �"'�� Burrawer shull promptly diuhargc any lien whirh huti priurity over thi,Securiry Imtrument unless Borrower:(a)ngrces in =-
<br /> •„-.•,__.,.,;.
<br />'�. . . " � writing to the payment of the obligutinn securcd hy thc lien in a manner accepwhle tu l..ender:lb)cuntests in g�xxl faith the lien
<br /> "'�� � by, or defcnJs asuinat enforcemem of thc licn in, Iegul proc��eJingti whirh in thc l.cndcr', upinion op�:r.►te to prevent the ---_
<br /> �.
<br />,_ �'"�'�' .. entorcement of the lien; or Ir),ecures frum the huldcr uf thr lien un ugreemen�wti,f'ucwry to L.�nJ�r suMirdinating the lien to =__._
<br /> ' -._-� • ;,: this Security Instrument. If l.endcr dctenninr.thut uny purt ot'thc Prupeny i.,ubjrrt�a a licn whirh may •rttuin pri��rity uver
<br /> ,,��;.�.��:.. ,,.._ : . � this 5ecurity Im�rument. L.cnder muy givc&irrower•r nutirr idcntifyin�thc licn. B��rn,u�cr.hall�ati,l'y thc licn or take one or �'
<br /> ,�'" °n '�� more o f t h e r�x tions se t fo r t h a b ove w i t hin I U duys o(t he g i v i ng o f n o t ic c. �-''
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<br /> _ , form 3028 9I90 � -z
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