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<br /> TO(ifiTHBR WITH all die improvements uow ar hereafter erected on d►e praperry,nnd all�:�semeuts, appurtei�:�nces,und
<br /> ' , fixtures naw or t►ereafter a patt of the propersy. All replucements and additions shnll �ilso he covereci by tDis Secu�ity
<br /> lnsttumeut. All of the foregoing ls referred ro fn Wls Security Iustrument as the"Prapc:ny."
<br /> " BORROWBR COVEiNANTS that Borrower is lawfully hciscd of the estate lcereby c:onveyed a�xl h�.9 the rigt�t to�nuit xixl :
<br /> con��ey the Frop�rty aad tli.�t the l�ro�erry is unencumbered, eaeept for encamhrances of record. Bonower wi�rrants auJ will �
<br /> � �� defend benerally the dtle to the Property against all claims and demands,subject to any encun�brances af rewrd. '
<br /> °{' THIS SECURITY 1NSTRUM6NT cambines uniform coventwts for nadonal use and t�an-uniform wvenlnts witl� lin�ired
<br /> ' variadons by judsdiction ro constituce a unif�tm securiry insorument covering real property.
<br /> �+�1°�'� UNIFORM COVHNANTS.Bo�rower and L.cncter covenant and agree ns follows: -
<br /> '^w�'^"'°''� 1. Payment of Princigal and Interest; Prepayment and Late CharRes. Bonower shall prompdy pay when due the =
<br /> � , princigal uf and interest on the debt ev[denced by the Note and aay prepayment and late chsuges due under the Note. -
<br /> :a 2. �nds for Texes and 6psuzence. Subj�ct to applicable law ur tv a writt.n waiver by I.ender. Bonower shall pay to -
<br /> � Lender on t�e day monthly payments are due under dle Note.until tLe NaP�is�d in full,a sum("Funds')far.(a)yearly taxes =
<br /> f and essessuien�s which may attain priority over thia Securiry Ivs�a�ment�s a l:°�oa td�Properry; (b)yearly teasehold paymrnGc
<br /> �� or und rents on the Pro en ,iff any; (c)yearl hazard ur . insir�xe remiwm4;(d)yearl fload insurance remiums, �
<br /> 8ro P Y Y I'�r�Y P Y P
<br /> if any; (e)yearly mortgag¢inaurance prcmium.s, if ac►Y: and(t)any sams�ayable by Borrower to Lendet, in acrordance widi =
<br /> • the provIsions af paragrapL 8, in lieu of the pay�r.Y of mortgage i���*�nn�premiwns.These items are called'&scmw ltems.' _�
<br /> ;�• I.ender may, at any tirrae, cullect and hold Fu.a�".:�an an amaunt not to cxcced th;,maximum amo�►r►t a Icnder for a federslly =
<br />, � related mortgage loaa may require for Bor�ower's esceow account under We federal Real Bstate Setdemeat Procedures Act of
<br /> . 1974 as amended froffi tune to dme,12 i1.S.C.S:etion 2CC�1 c3 seq. ("RSSPA"),unless another law d�at applies ro the Fuucls _
<br /> ,, :, , sets a lesser amount. If so, I.ender may,a¢ar..y time, co1:��Y ard hold Funcls in an amount not to exceed the lesser amaunt. =
<br /> Lenctcr may estimate the amaunt of Funds et�ae�n tl�e basis of current data snd reasonable estimates of expeaditures of future _
<br /> l ,, '� Bsctow Itetns or otheiwlse in uccordaa�e widi�y�y!�iraible law.
<br /> 'I`he Funds shall be held in en insdtution �vhose deposits are insured by a federal agency, iasm�mentaliry, a� enflry
<br />_. �� (3�lucfiirl,�Lender,if Lender is such an insdtudon)or in any Federal Home Loan Hank.I.ender shall apply the Runds ta�+ay the
<br />�' �� Bscrow I2eans.Lender may not chaige Bonower for holding and applying the Funds,annually analyzinb the escrow uccuunt,or -
<br />�'•' ••�• verifying the Bscrow Items,unless I�uder pays Bonower interest on the Funds and applicable law permits Ixnder to make such
<br /> -r ' `'�; a charge. Kowever, I.ender may regui�+e Borrower to pay a one-tlme charga for an independent real estate tax reporting service
<br /> =._. `` u�u u�� I.e�e� u► �c,�,°tian:sic::his t�s, u�::,�; spglic»b2e ls::� gr��i� �ther�w?. CTIIZ�S RL a��a! Is �utP �r
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<br />�rr::;•;;;i,�;.�,, appllcuble law requires interest tm Ex�naid,Lxnder sUall not be reqvired to pay Bonower uny intec�est or eunings on the Funds.
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<br />��.;;�,�jf,`�r,y.�;: Borrower and Lender may agree anmratins, however, that interest shall be paid c►n the Punds. Lender sba1D give to Borrower,
<br /> � wlthout charge, an annual accaundng of the I�ds, sliowing credits and debits to the FY�nds and the puipase for which each
<br />�` `t �'' " dabit to the Funds was made.The Punds are gledged as additional sxurity for all sums srcured by this Securiry Iastiument.
<br />�"N�1�y If We Funds held by Lender exceed td�e amouacs pemutted to be held by applicable law,I.ender sl�all account to Bonawer
<br /> '�"���, for tfla excess Ftmds in accordance snttt t�e requirements of applicable law.If the amount of the F�nds held by Lender at any
<br />---��=�-.� time i�not sufficient to gay die Bscrow Items whea due. Ixnder may so norify Borrower in wridng.and,in such case Bomnwor
<br /> '==��'�==s'�� shall pay to Lender the amonnt neassary to make up t2ie deficiency. Borrower shall make up the deficie�y in no more tl�an
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<br />� twelve montWy payments.at Lender a sole discredon.
<br /> .�;;s� Upon payment in full of all sums secured by this Security Instmment, Lender shall pmmptly refu�d to Borrower any
<br /> "";'_-__ Fandv held by Lender. If,uader paroKraph 21,Lender shull acquire or sell the Property,Lender.prior to the acquLsidon or sale
<br /> ---:�"� of the Property,shall apply any Funds held by Lender at ttte tinie of acquisidon or sale as a credit against the sums secured hy
<br /> —° -- thia Secvrity Iastcument.
<br /> �_______M_ , 3.Applicat[9n of I'aymaits.IJnless applicable law provides otlienvise,all payments teceived by I.enderuncler pantgraphs
<br /> — 1 a�12 shaU be upplied:first,to aay prepaymeut charges due under the Note; second,w amounts payable under paragraph 2;
<br />_��,� third,to interest due;fourth,to principal due;and last,to any late charges due und�er the Nore.
<br /> _--_=_-�-� 4.Char�es;Llca9.Bonuwer shall pay all taxes. assessments,cliaarges,fines antl im�Qacidons attributnble to thc�roperty
<br /> - wbicl�mny attain priorlty over this Sec�urity Insm�ment,and leasehold payments or�c�numc�rents, if any. Boreower shall pay
<br /> �;;;,�„�� these obligadons ia the mnn�r provided in parngrnph 2.or if not paid in tl�at maw�er.Borrower shall p�y them on time directly
<br /> --- ro the petson owed�xtyment. Boaower shall promptly fiunish ro I.ender all norices of amounts to be paid under this paragraph.
<br /> ��,� If Barrower make3 these payments d'uectly, Borruwer shall promptly fumish to Lender receipts evidencing the payments.
<br /> �-_--= Boxrower shall prom�dy dlschai�e wy llen which bas priarity uver this Security xnst���mcnt unless Bonower:(a)agrees in
<br /> - ---� wrlwng to tlte paymnent of the obligadon secured by the lien in a manner acceptable to Lender,(b)contests in good faith the iten
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<br /> .,�,�:� by, or defends aguinst enforcement Qf the lien ic�, tegal proceedings wtuch in tke Leader's opini�n operate to prevent tl►e
<br /> - enforcenient of the lien;or(c)secures from the hoIlder of the lien an agreemer�e satisfuctory to Lender subordlnadng tlie lien to
<br /> �'.���' this Security Insuvmeni. If I.cader detennines tlwt any part of the Property Is subject to a Ilen which may attain priori.ty over
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<br /> _ .. ;;,��, r this Security Insuunient,Lender rnay give Borrower a nodce idendfying the lien. Borrower shall satisfy the lien or ta1.N one or
<br /> '_��.'^,;;:;3':''.:; . more af the acdons set forth above�vi¢�in 10 days of the giving of notice.
<br /> - ''";�. : .. - Form 3028
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