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<br /> . TOGB'THRR WITH�Il tlte imp�ovemrnts now or l�emafter ere�:ted on�lie proherty, ctitd�dl raseuirrnts,a�purte�tiv�es,iuid
<br /> fiatures now or t�ereafter � part uf die pra�eny. All repl;,cements tutd itdditi��ns :+tiall �tlso he cnvered hy t>>is Se:curity
<br /> ' I�Ltitrunient. All af t�ie foregoi��is refernd m in tl�is Secudry latitcun�ent�G9 tht"Property." -.
<br /> BORROWaR COVBNANTS that Baraower is lawfully e;elsed of Qie estate hereby c�mveyed and lius the right to gr.►nt nud �„
<br /> �i u�nvey d�e Propetry nncl tliat tlie Ptoperty is u��encun�herecl, except fi�r encumhrHnces of re�:ord. Born�v�er wamiri9 i►nd will i
<br /> ' �• �;� defend geperally die dile ro the Pmperty against all clahns and demandy,suhjeLt ta a��y eucu�i�bu►nces of r::curai.
<br /> - THIS SECURITY INSTRUMBNT conibices untfam�c�ven:u�ts fur t�ttloi�l use t��xl►�on-unjfonu cove�L�nts wl�li litulted .
<br /> ,.:-�'''� vxriatlons by jorisdietiou ro coustitnte a unifom�secudty instru�uent cuvering real peopercy.
<br /> '�� UN[PORM COVBNANTS. Bortawer and Lender cove��ant and ag►�e us follaws:
<br /> 1. Payment of Prir�cipal and InterGSt; Prepayma�t and I.ete CharQes. Hormwer shall pru►upily pny wheu due tlie �.
<br /> � principal of and int�nst on the dsbt evidenced by ths Nate aw1 any prePayment anc!late charges due und�s d�e Note.
<br /> ' 2. Funcb far Taxes aud Insurxnse. Subject to applicable law or ta a wrinen wi�ver by L.ender� Dorroa�er shall pay to _,,,�
<br /> � I.ender on the day iuonthly paymenu xre due under th:Note,until the Note is paid In full.a sum(°Funds")far:(a) yearly taxes ='-:,-�
<br /> �� aud assessn�;,nts wtuch may att�,in priority over this Sesuriry Inscnunent as a lieu on the Property; (b)yearly leaseliold paymenu ' �:�;';_;�
<br /> ' �* � o:ground rents ou tlu;Progcrty,if auy; (c)yearlY h�aaRd or pmpeaty insurance premiums;(d)yearly flood insuria�e pr�miums, •w�j+'�
<br /> , '`� if any; (e)yearly mortgage ins►�rance prenniums, if any; and(�any sutns payable by Bonower to Le�uier,in accordauce witli _��___
<br /> •� the provlsions of paragtap�a:8,in lieu of t�e payment of mortgage Insurai�ce pnmiwns.These items are called'Sscmw Items.' + :
<br /> � Lcnder mzy. at any dme, collect and hold Funds In an amounc not to excecd the maairuum amount a leader for a Federally „_ _
<br /> related uto;tgag:.lu:au may requlre for �o*rower's escrow account under the federal Real Estate Setdement Proce du[es Act of , ;� __
<br /> 1974 as amend�l from tuue to time,12 U.S.C.5ection 2601 et se�. ("RESPA"). unless another law that applies to the Nund.c �____. --
<br /> ' sets a lesser amaunt. If so, I.ender mxy, at any time, collect and hold Funds 1n an amount not to exceed the lesser araounc
<br /> , ' L.ender may estimate ct�z amount of Funds due oa the basis of curnnt data and reasonable estimates of expendit�sces of future � .`°��
<br /> '� Escm:�Items or othern�se in accordance wi t h app lica b le law.
<br /> ` The �nds shall be held in an institudon whose depasi�s aze insured by a federal agency. insm►mentality,ar entity o _
<br /> (i�ludiug II.ender, if Lender is such au insdtution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay ttie �
<br /> � �r Bscrow Items.Lender may not ciuuge Horrower for holdinf;aad a�plying tha Pvuds,�nnually an�,llyztnb the escrow e�c�nnt, nr �'
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<br /> ,� verifying the Bscmw Items.uuless Lender pays Bo7rawer interest on the Funds and applicable law pem4its Lender to make such _ _
<br /> _ , � a cl�ar�e.However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting servicr. _�
<br /> ,� �� r.•�Pr in ennnec�ion with this loan, unless applicable law provides othe�wise. Untess an agreement is n�ade or
<br />-�'";_,.,, applicable law reyuires interest to be paid, Lender stiall not be required to pay Borrower any interest or eaminge on tue Funds.
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<br /> - ' ' Borrower aad Lender may agree in wridng,honever, that interest shall be paid on the Punds. L.ender �all give ta Borroaer,
<br /> �-''�'"` � � withc�ut charge, an as�nl accounting of the Funi7s,showing credits and debits to the Funds and the gon�pose for which each
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<br /> ",-�.•=""° debit to t�e Funds was Anade.The Funds are plalgecl as additional security for all s�ms secumd by this�esudty nsuument.
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<br /> - - If ehs Funds held by I.ender exceed the amounts permitted to be held by applicable law.L.ender ah.ill uccount to anower
<br /> ---;�:��,�'. for che excess Funafs in accordstuce w:i2h the requirements of t�pplicable law. If the emount of the Funds held by LecKles at stny
<br /> —;__!:� time ie not•sufficient to pa3►the�scrosv Items whe.n due.I..ender may so notify Borrower in cvrittug,and.in such case Bonower
<br /> --��-��� sUall pay to Lender the amount aecessary co mzk�up the deficiency. Aorrower shall�►ake up the deficienry in no m�re than
<br /> �^-F^'�:�• twelve monthly payments. at Lender's sole discretlon.
<br />=-�-_•�"�� Lender sl�all promptly refund to Bomower any
<br /> v=������ Upon paymeut in full of all sums secureQ by tbis Security Instmment,
<br /> ='�='^"� Fnnds Leld by L.end�r.If, under pua�ph 21.1.sndsr sbell acquire or sell the Propecty. Lex�der, prior to the acquisiuon or sale
<br /> ���,�:�� of the Property,sba11 app1Y anY Funds held by Lender at the time of acqulsidon or sale As a credit against We susa�s sacured by
<br /> _-��=::�� this Sxurity Instrument.
<br /> --__._�_.--_- - 3.Appticatton of kwyments.Unless applicable law provides otherwise,all payments received by Lender underparugraphs
<br /> - _ 1 an�d 2 shall be a�plled: 6�st, to anY Prepayment cLarges due under the Note;second, to amounts payable under paragaph Z;
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<br /> -- - - tlurd,to imterest due;fourth,to principal due;and last.to any late charges due under the Noi:.
<br /> _7+�� 4.Ctuiraes; Lleas. Borrower shall pay all taxes. assessnents, charges, 5nes aud iin.posidons attributable to the Property —
<br /> =�;;;--,�---��— wluch mny attain priorlty over this Securiry Instaument, and leasehold paymeats or ground rents. if any. Borro��er shall pay
<br /> •-_ -= these obllgadons in the n�armer pmvided in pa�,gaph 2,or if not paid in that manner,Botrower shall g�y tb�em o�n time dlrectly
<br />-�_�„�,-r� to the person owed payment.Bona�ves shall ptompdy furnish ro L.ender all nodces of amounts to be}.�id under tiva paragraph. __
<br /> �-��?=-� 1f Borrower makes these payments clirectly,Bonower shall prompdy furnish to Lender receipts evidencing the paymen2s.
<br /> __:�m�� Bonower shaDl promptly discht�r�e any lien which has priortty over thls Security Insm�ment unless Bonower:(a) a�tcees in -
<br /> �_,�;,;;.-�-�— writing to the payment of the obligation secured by the lien in u manver c:ceptable to Lender;(b)contests in good faith the lien
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<br /> "'�;;;?.:�*w �: by, or defends against enforcement of the lien in, legal proceedin8s wlrich in the Lendsr's opinion opernta to prevent the _,
<br /> --�::3r..:.: enforcement of the lion;or(c)secures from the holder of the lien an agreement sadsfactary to Lender subordinaung tht lien ro P;'
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<br /> t1�is Sac�irity Insuument. Yf Lender detemunes tliat anY part of the Pmperty is subject to a lien which may atUan prioriry over _
<br /> - ttus Sec.roricy Instivment, Lender may give Bonower a notice idenafying the lien. Bono«•er s1�a11 satisfy the lien or tt►ke one or __
<br /> • � ° �; more of the acdons set forW above within 10 days of the glving of nodce.
<br /> _ �" ' Form 3020 9l80 �' '�
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