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<br /> I 7'OGSTHHR WITH uU Ihc improvcrrtcnts now an c�rca.ftcr crccted on thc property, end ull cusemcnts,appurtcnanccs,nnd ' � ;�
<br /> � f i a w r e a n o w o r h e r e a f t e r o p s u t o f I h e p ro p e n y.A l l r e p l a c G m e n t s a n d n d d l d o n s s h a l l a l s o b e c o v e r e d b y t h i s S e c u r i t y I n s t r u m c n t. �
<br /> 1 Aq of thc foreguing is refcacd to in this Scsurlty Instrumcnt os�ho"Propcety." �
<br /> HORROW�R COVRNANT'S ihnt 8onowcr is Iawfully�ciscd of thc cstntc hercby convcycd end hns thc right to g�nnt and
<br /> � convey the Pmperty and thnt the Properry i9 unencumbcrcJ. exccpt for cucumbrances o[eecotd. Iiorrowcr warrants artd wiU -
<br /> . ! defend generally the tlUe to the Pr+openy aguinst all elaims And demerds,sub}ect to any encumbrancas of record. '
<br /> 1 TrIIS SE�UFcIT'�' IiVSi7tU'�&iv i combinc.g uniiorm covcnents for national usu end Ron•unitorm covcnants with limited
<br /> _ ( vnrintions by Jurlsdicdon to canstitutc a uniform sccurity inswmcnt covedng rcal praperty.
<br /> . � UMFORM COVENANTS.Hortowcr and I.ender covenant and u,grec ns follows:
<br /> , 1.Paynient o!Pr[ncipa!and Inierest;Frepayment�nd L�te Charges. Sorrower shall prompdy pay when duc thc
<br /> princip�il of end intcrest on thc debt cvidcnccd by thc Plotc and any prepayment and inte cherges due under the Note.
<br /> 2.Funda far Tuxes and Insurnnce. Subj�c�cct to applicable law or to a written waivcr by Y.ender, Borrower shall pay to �,
<br /> Lcnder on the day montiily paym�nts uro duc undcr the iVote,untll�he Notc is paid in full,a sum("Funds")for:(a)yearly taxes ,,.
<br /> and assessmen�s which may uttain priodty ovcr 2his Securiry I�strument as a licn on thc Property; (b)ycarly leaschold payments r�
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<br /> or ground rents on the Yroperty,if any;(c)yearly hazard�r property insurance premiums;(d)yearly flooci insurance premiums.if � �� ..-�;
<br /> any; (e)yearly mortgaqe insurnnce prcmiums, if any; und (� any sums payable by Borrower to L.ender, in accordance with the y;�� ,_�°'"°-
<br /> RrovisIons of paragraph 8, in lieu of tho payment of mcrtgoge insurance premiums. These items are called "Escrow Items." •
<br /> ° I.cnder may,at any timc,collcct and hold Funds in an aur►ount not to excced the maximum amount a lendcr for a fcdcrally related ___
<br /> mortgagc Ioan may requ've for Sorrowcr's esc�nN uccount under the federal Real Estate 5ett�cment Proccdums Act of 1974 as
<br /> a�ended from ume to time. 12 U.S.C..SectIon 2601 et seq. ("RESPA"),unlcss anothea law that eppltes to the Funds sets a te,scr �;�;:'-
<br /> amount If so. Lender may. at any time, collect and dold Funds in an emount not to excced the lesscr amount Lender mny � ..�`_
<br /> est�nate tfie amount af Funds due on tt�e basis of currcnt date and�rasonable estimates of cxpendipues of fudue Escrow Items or ' • -
<br /> � otherwise in accordence wlth applicabl�law. • �-
<br /> Ttte Funds shall be held in an insatudon whose deposits are insored by a federal agency,ins�ument�lity,er endty(including �"•�+�,"�
<br /> ' I.ender,if I.ender is such ri.a instiwdnn)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the Fscrow �' `'�
<br /> , �. Items.L.ender may not charge Borrower for holding and applyi�g the Funds,annually analyzing the escrow account,or verifying ;;_,;:;;�
<br /> • the Escrow Items,unless Lender pays Borrower intcrest on the Funds and applicable law permits Lender uo make such a charge. �' ��, L•,
<br /> • However,Lender may mquirc Borrower to pay a one-dma chargc for an independent real esWte Wx reporting servicc used by ";��,
<br /> � ---'-'`' Lendcr in connoctIon wlth tt!is loan, unless eppllcuble law provides othenvise.Unless an agrcement is mede or applirsbie iaw
<br /> i�cquires interest to be paid. Lendcr shall not be requircd w pay Bomnwer eny interest or eamings on the Funds.Borrower and
<br /> , . Lender may agrce in wriring,however.that Interest shall be paid on the Funds.Lender shall givc to Borrower,without charge,an
<br /> " annual accounting of tl�e Funds, showing creaits and d�bits to the Funds and the purpose for which each debit to the Funds wag ��
<br /> s., made.'tl�e Funds are p]edged as addid�nel security for all sums secured by this Securiry Insuument
<br /> `` If lt�e�nds held by Lcnder eaceed the�tounts permitied to bc held by appltcable law.Lender shaU account to Borrower for
<br /> � the eacess Funds in accordauce with the requirements of epplicable law.If the amount of the Funds held by Lender at Any time is r �
<br /> . not sufficlent to pay[he�scrow Items wh�n due.Lender may so noafy Borrower in writing.and,in such case Boirower shall pay
<br /> to Lertder the amount necessary to make up the d�ficiency. Borrower shall meke up the deficiency in no more than twclve �
<br /> monthly payments.at Lender's sole discrefion. _
<br /> . Upon payment in full of aU sums secured by this Security Instrument,Lender shall prompdy refund to Borrower eny Funds =�;.�►
<br /> held by I.ender.If,under paragraph 21,Lender shall acquire or sell the Prnperty.Lender,prior to the acquisitian or sale of tho �!'��*-v
<br /> • . Propeaty.shall epply any Funds hcld by Lender at the tiwne of acquisidon or sale as a c�rdit ng:�inst thc sums sccurcd by this ����`=
<br /> . . Security Ynswmcn� —----
<br /> �' 3.Appikatlon oP i'nymenta. Unless applicable law provides otherwise,all paymcnts rcceived by Lender under paragraphs �';;� - °�.
<br /> 1 and 2 shAll be applied:first,to any prepaymcnt charges due under the Note;second,to amaunts payable under paragrs►ph 2;
<br /> ' �" � third,to interest due;fo�uth,to principal due:end last,to any l�te churges due under the Note. _-_°
<br />_� �- � 4.Ch�rges;Lkns. Borrower shall pay ell ta�ces,assessments, charges, fines and imposidons auributable to the Property = -
<br /> �'` which may auain prlority over thas Security Instn�ment,end leasehold payments or ground rents,if smy.Borrower shall pay thesc `;'._�
<br /> obligadons in tha manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on tuna dirocdy to the
<br />-= •> person owed paymen� Borrower shall promptly fumish w Lender all notices of amounts to be pald under this paragraph. If �� `- -
<br /> - Borrower mak�es�ieie paymt�direcdy,Sorrower shall prompdy fumish to Lender receipts evidencing the payments. �
<br /> - � Bomnwer st�al]prompdy discharge any lien which has priority ovpr this Security Instrument unless IIortower:(a)agroes in ---:�-,.=,;,�,,,,�,,;,;
<br /> � writing to the payment of the abliga�on secured by the lien in a mtuincr scccpiable to I.ender, (b)contests in gaod faith the licn �'`'"F����
<br /> 8 � 8 P 8 � P P�te w pnevent the .� '` ' . +�',
<br /> by, or defends a amst enforcement of the &en i�, 1e al roceedin s which in the Lender s o inion o . ''}1,5 :�._+�,,�.
<br /> �� enforcement of the lien;or(c)secures from the hblder of the Gen an agreement satisfactory to Lender subordinating the lien to �.�,t �*•
<br /> : this Securlty Instrument If L.ende,r dctermines that any part of the Property is subject to a lien which may att�in priority over this �"��,�'��;`'`%' "'.�
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<br /> , Securiey Instrumen�I.ender may givc Borrower a notice identifying the lien.Borrowcr shall saUSfy the lien or talce one or more �.::, �•. : :.-
<br /> , of the nctions set fo»h flbove wiihun 10 days of the giving of notice. . � `�
<br /> • Fo�m 3020 ��00 ' . ��;`• •,.�
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