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<br /> TOU6THER WITH all the improvements now or hereaRer erected on the property,and all easements,uppurtenatices.and
<br /> tixturea now or hereaRer a psrt of the praperty. All replacements and additions shall also be covered by this Socur�ty _
<br /> -1 instniment.All at the faregoing ia referred to in this Securiry lnstrument as cnc`r�peny.'
<br /> ,��-�'•��` BORROWER COVENANTS thut Borrower ia lawfully sei�sed af�he estate hereby conveyed and has the rlght to grant and
<br /> ,.�h;,
<br /> rnnvey the Property und that tha Propeny is une�u:umbered, axcept fur encumbrnnces af record. Bonower warrante And will
<br /> defend generally the title to�he Property ogainst all claims und demartds,subject to uny encumbrances of record.
<br /> - THIS SBCURITY INSTRUMBNT�cambines unif'orm cuvenunta fur nutiunnl use und non-unifurm coveiwnts wfth limited
<br /> . ° _ varintions by jurisdiction to constitute a uniform securiry instrument cavedng resl property.
<br /> s `'�" ' UNIFORM COVENANTS. Borrower and L.ender covenant nnd agree as follows:
<br /> ";;� � �,�;,' 1. Poyment ot Principal and Interest; Prepayment and Late Charges. Borrawer shall promptly pay when due the
<br /> ,�:����;�;:. ,:,.,� principal of and interest on 1he debt evidenced by the Note and any prepayment und late churges due under the Note. �
<br /> �:.��i.�4.'� ' �' 2, �nds tor Taxes and Insurnnce. Subject to applicable law or to u written waiver by L.ender. Borrower shall pay to
<br /> ���"a [.ender on the day monthly paymen�s are due under the Note,umil tiie Nate is paid in full,a sum("Funds")for:(a)yearly taxe.g �
<br /> ;iffi�;..`•�.°;;�:,� and assessments which may attain prioriry over this Securitv Instrument as a Uen on ihe Property; (b)yearly Ieasehold puyments _
<br /> _=�,;,�r;,,,.x� or ground rent5 on the Property, if nny: (c)yearly hazard or propert, insurance premiums:(d)yeurly flao� insurnnce premiums,
<br /> ���' �� if tu►y:(e)yearly martgage insurance premiums. if uny; And(Q uny sums payable by Borrower to L.ender, in accordc►nce w�th
<br /> �aai::^'�`..,'.
<br /> �,y . u„ P:�:,r the provisions of psuagraph 8.in lieu of the payment of mattguge insurance premiums.Thesc items are called"Escrow tems.
<br /> �10i. »�•���.�.' � Lender may, ut any time, mllect ond hold Funds in an amount not to exceed the maximum amaunt a lender for a federally
<br /> .l�*Y�.�. ` .
<br />___� .�r �.��:_ � .�_ related mortgaRe loan muy requi re for Barcawer's escmw accaunt under the federul Reul Estate Settlement Pracedures Act of `
<br /> �, .b, �..
<br /> ..,� .. �� 1974 as s►mmended from time to time,12 U.S.C. Section 2601 et seg. ('RESPA"),unless another law Ihut upplies to the Funds _
<br /> � .. ; � . � sets a lesser umount. If so.L.ender may,at uny time,collect and hold Funds in an amount not to exceed �he lesser amount.
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<br />__ � Lender mny Pstimate thc amaunt of Funds due on the basis of current data and reasonable estimates of expenditures af future _
<br /> `°='•`� �' '' '� Escrow Items or otherwise in accardance wfth applicable Iaw.
<br /> �
<br /> — �'�'`�: - Ti�c fu:3ds shal: b:. he:3 :n an institution :ehose ar�osits ::re Insured by u fc�le�ai ugeu..y. ivat�u�iicni.�iity. ur entity
<br />`�°� o w °��• •*�• (including Lenc!er, if l.ender is such an institution)or in any FeJcrnl Hame I.oan Bank.Lender shAll apply the Funds to puy the -
<br /> — . �, Escrow Items. Lender may not eBarge BoROwer for holding und applying the Funds,unnually unulyzing the cscrow account, or
<br /> _— ° � verifying the Escrow ltems,unless l.ender pays Boirower interest on the Fund.r-and applicAble law permi�s Lender to malce such
<br />;_;'�; :,n;,;,, n charge. However,l.�nder may require&mower te pay a one-�ime cherge for A�independent real estate tox reponing service
<br /> ., "a-._...
<br /> —• `_ � , used by l.ender in conne�rion with this loan, unless applicuble law provides atherw+se. Unless an Agreement is made or —
<br /> - � ;..,,:,.;s,,.._��.;:;_a�;$r�;� npplicable luw requires interest to bc pAid, l.cndcr shall nat bc rcquired ta pay Borrowcr any interest or eurnings on the Funds.
<br /> _ ' " Borrower and I.ender may ogree in writing, howcver,thnt interest shull be psud on the Funds. Lender shaii give io Sum�wcr,
<br /> _� . �• without charge,an unnuul accaunting of the Fuad,, showing creciits and debils to the Funds and the purpose for which eaeh
<br /> =�: debit ta the Funds wus made. The Funds are pledged us udditional xcurity for all sums secured by this Security Instrument.
<br /> -��' ' If the Funds held by l.ender exceed�he umounts permitted to be held by npplicuble law, Lender xhull account to Borrower
<br /> _'_�' ,.
<br /> for the excess Funds in accardance with the requirements of upplirublc luw. If the�muunt of the Funds held by Lender ut any
<br />-��, ;� ' time is not aufficiem tu puy tiie Escrow Items when due, I.cndcr muy so notify Barrower in writing,and, in such rase &�rrower
<br /> _.^� •,;•�a. sh•rll pay to I.endcr thc utnnunt ncce+svry to muke up thc deticienry. Borrower sh�ll make up the deficicncy in no more than �
<br /> twelve monthly paymeots,at Lender's xole discretion.
<br /> '`� ' � Upcm puymen� in full of ull ,ums ti��ureJ by thiti S�rurity Imtrument. LcnJer shull prompdy refund to Borrower nny
<br /> . Funds helJ by Lender. If, under paragraph 21. Lcndcr+hull acyuirc ur.cll the Property.[.cnder, prior to thc ucquisition or sale
<br /> � ° of the Propeny,shsill apply cany FunJs helJ by L.ender ut thc time��f acquisitiun or sule us n credit against the sums secured by �
<br /> _ � .,-.,n ••,�,• � this Security Instrunxnt.
<br /> � a = . , 3. Application oi'P�ymentti.Unless applirnblc luw proviJes othcrwi�c,ull paymcnts reccived by L.ender undcr parugruphs
<br />-_ � 1 nnd 3 shall bc upplicd: tir.:t,to uny prepuyment rharges duc under the Nutr: ��YUnJ,to amaunta payuble under parngrnph 2; _
<br /> '��`!'b'4_o� �,
<br /> :.,�. third,to interes�due; Fiiurth, t��primipul duc:and last,to any lutc rhurFes due undcr the Note. ,:_
<br />- : � 4. CharRes; Llens. Bnrrower shall p�y+�II taxcs,a�ses.ment�, chargrs, finc,:uid impi�sitions uuributuble tu the Property
<br />- which may uttuin priority over ehis Scecurity Inatrument, and Ieu+ehold p•ryinents ur ga�und rents, if uny. Borcower shull pay
<br /> .� + "Jy ,� these ohligutions in thc mannct pruviJ�J in parugruph 2,ur il nut paid in thut n�um�er. Borrowcr.hall pay them an�imc direrdy "
<br /> � � to the perwn��w�tii puymeix. &�rruwer tihall pramptly furni.h tu I.rndcr ull notirc,�►1'amuunt.w be puiJ under this paragruph.
<br /> � � l,,,,.� ' � If Borrc►wer mukes these payn�ents Jircrdy. &�rruarr shull promptly t'umi.h to LrnJcr r�rcipt�cviJc�xing the p;�yments.
<br /> � - � &�rrowcr shall promplly Jis�:It�rEc miy licn whirh hu+priority ovcr thi�Srrurity In�trumcnl unlcyti Burrowcr:la)agrc.�es in
<br /> ��+ ,,., �, writing to thr p:lytlktll OF lIk ot+li�tuiiun urured by thc lirn in a munnrr;Krrptubk tu Lrndcr: (bl cumc+ts in gixxl fuith thc licn �
<br />- -, ' by. or defcnds •rgaimt cnfin-ccnmm of thc licn in. Icgal prurc��.lingti whirh in thr LcuJcr', upinion operutc to prcvcnt thc �.
<br /> .- � .. enG►rcement uf the licn:or 1�1�crure. 1'rum�he Iu�Wcr ut'thr licn un agrecnicnt.ati�l'actary t�► LrnJcr�ubordinating thc licn to
<br /> _ .. � thix Security Ins[rument. I(Len�cr detcrminc.that any pan uf thr Pn�perty i.,uhjert io a lirn��•hich may utwin priurity ��ver �'
<br /> + ; ' this 5crurity In.�rumcn�. LcnJer may�:ivc Hurr��arr a nutirr iJcntil'�ing Ihr li.n. li��rru��cr�hall �ati�f�•th� licn ur takc onc or _
<br /> . more ot'lhe ucti�ms set tiirlh aMive within 10 Jay,uf th��irin�ol�noti.c. f
<br /> �. ,. Form 3028 8180 =
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