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<br /> `° `N1TEi all the' mvements now or hereafter erected on the �an�d�l easements.appurtenances.and
<br /> -<f°` TQ�GETHIIt unP P!°PertY• .
<br /> ' fixt�res now or hereafter a pact of the property. All replacements and additions shaU also be covered by tt�is Security ,.
<br /> ' Insavment.Aq of the foregoing is referred to in this Security Insuument as the'Property" . �;,•�.;•.
<br /> ' BORROWER�01BNANTS tbat Sotrower is lawfully seised of the estate hereby oonveYed and has the right to grant and ::, :
<br /> '. �`� convey the Property and that the Property is.unenaimbeied,except for encnmbraaces of record. Homower warrants and wiU . F �. �
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<br /> ' defend gene r a 1 1y t he t i de to t h e P r o p e r t y a g a i n s t a 11 claims and demands,subjett to any encumbrances of record.
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<br /> . `�;, THIS SECURITY INSTRUNiENT combines uniforrn covenants for aational nse and non-uniform covenanu wi t h l i a n it e d .�� ,.
<br /> `_ msuument covering real property. -- -
<br /> �� variations by jurisdicdon to constitute a uniform security' �foltows: •
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agree W�due the
<br />=° . . _ _.: :�•.,:. 1. Payment of Prinsipal aicd Interest; PrePaFment and Late C6aiges. Botrower shaU pmmptly paY
<br /> � � :, principal of and interest on the debt evidenced by the Note and any prepayment aud late charges due ander the Note. .
<br /> � 2. Funds for Taxes and Im,uTan�-Subje�t to applicable law or to a written waiver by I.ender, Borro«er shal!pay to �, �
<br /> � ````':'�=' a nts are due under the Note.until the Note is paid in full,a sum("Funds")for.(a)yearly taxes •<<:��=
<br /> �'�.�. ':.,. . Leader on the day monthlY P 3+� leasehold a , ;� -.
<br />- - and assessments wtuch may attain priority over this Serurity Instrument as a lien on the Property;(b)YeartY P Y�� �• �;,-_`
<br /> '< �f an . c early ha7ard or ro e ins�uance preminms:(d)YeaziY Qood insuiance premiumv, '. :-�•:. ,` "
<br /> �, or ground rents on the Property.� Y'O Y P P rtY < <.;•^
<br /> �=':4... - if any; (e)Yearl}'mortgage;nc�„�nsP premiums.if any:ar►d(t� anY Sums PaYable by Borrower to I.eader.in axor�dance with -
<br /> the provisioas of paragraph 8.in lieu of the payment o f mortgage insuran o e p r e m i u m s•Tti�e 1�������OW I��'•�
<br /> �� � , � Lender may. at any time,coilect and hold Funds in an amowtt not to eacxed the maximum amount a lender for a federally ,�".�
<br /> ;� .�:- : . .. relate�mortgage loan may require for Borrower s escrow account under the fedecal Real Estate Setticment Proced�r+es Act of
<br /> ` 1974 as amended from dme to time. 12 U.S.C.Section 26Q! et seq. ("RFSPA").unless aaoiher law that applies w the Funds �
<br /> � `•� f.-�V sets a tesser amount.If su, [.ender may,at any time,collect and hold Funds in an amoun2 not to exc�eed the lesser amount• , .���- ___..
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<br /> - Lxnder may esumate the amount of Funds due an tiie basis of cnnent data and reasonable�rr�tes of expendiwres of future i
<br /> '.�-- ' �;..'� Escrow Items or otherwise in accordance with aPplicable law. �:�
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<br /> ` • `':!� The Funds shall be hetd in an institution whose deposits are insured by a federdl agency. instnunentality. or entity �,, �, r_�
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<br /> . .' . (inctuding Lender.if Lender is such an insdmrion)or in any Federat Nome Loan Bank• Lender shall apply the Funds to pay the ��__
<br /> � .: . -- .' Escrow Items.I.ender maY�not charge Borrower for holding ansl apPl3+ing tt►e Funds,annualtY analYzing ihe escr°w account,or s .—
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<br /> •� �� . verifying the Escrow Items,unless I.ender pays Borrower irrterest on the Funds and applicable taw pem�iu Lender to ma�ce such ��,:`
<br /> .�``- - " � ' a charge.However.Lender maY re4u�re Borrower to pay a one-time charge for an independent real estate tax reportin8 semce , �,=v
<br /> �' � .. �.�'w used by Lender in connection with this loan, untess applicable law provides othera+ise. Unless an agteement is made or •,-;,�,_
<br /> �'�� � ` `� applicable law cequires interest to be puid.Lender shall not be required to PaY Borrower any interest or eamings on the Funds. , ;, •� " ;_—
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<br /> Borrower an d L e n der may agr e e in m'iti n 8. however,that interest shall be paid on the Funds.lender shall give to Borrower. 'y��,,.,:,;..._'.__—
<br /> :?�`• '' ' ' •, ', without chazge.an annual accounting of the Funds,showing credits and debits to the Funds and the purpose for whic6 each .�;:,�-__
<br /> ;.` . ' debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. ::.;�,
<br /> '�`� � If the Funds held by Lender exceed the amounts pernutted to be held by applicable law.Lender shall account to Borrower '•� ; __
<br /> � �: . for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender ae any -„ �
<br /> t � rime is n o t s u f f i ci ent to pa y the Escrow Items when due.Lender may so notify Horrower in writing.and.in sucB case Bonower '` �
<br /> � • . shall pay to l,ender che amount necessary to make up the def ciency. Borrower shall make up the deficiency in no more t han �—T '._ _
<br /> twelve monthly payments,at Lender's sole discretion. �,•= �-
<br /> " ' Upon payment in full of all sums secured by this Secwity Instrument. Lender shall prompdy refund to Borrower any :::���`_�_
<br /> . . . . F u nds held b y Ixnder. If.under paragraph 21,Lender shall acquire or seU the Property.I.ender,prior to the acquisition or sale . ''� � T.:
<br />_:- �� , . of the Property. shall apply any Funds held by Lender at the time of acquisitian or sale as a cr e�lit agains t t he s n m s s e c u t e d b y _
<br /> � this Security lnstrument. , . __-
<br />�=�� � . � � • �.����� 3.Appltcation of Paymenis.Unless applicable taw provides otherwise.alt payments received by Lender under paragaPhs _- _
<br /> '�`��' ' � 1 and 2 shall be applied:first,to any prepayment charges due under the Note; second.to amounts payable under paragraph 2: -:.,, ' _
<br /> third,to interest due:founh.to principal due:find last,to any late chazges due under the Note. :�y., _.
<br /> � ' 4.Cha�ges;Liens.Borrower shaU pay all taaes.assessmenu, charges.fines and impositions amibutable to the Properry :. ,_
<br /> �• � which may attain priority over tttis Security Instrument,and leasehold payments or ground rents,ii'any Borirower shall pay ,,:,���,
<br /> • these obligations in the manner provided in paragraph 2,or if nnt paid in that manner,Bonower shall pay them on time directly .
<br /> '',�! • to the person owed pAyment.Borrower shall promptly fumish to Lender ail notices of amounu to be paid under this paragraph.
<br /> � . If Bonower makes these payments directly.Borrower shall promptly fumish to L.ender receipts evidencing the payments. �s in ' ' �
<br /> Barrawer shall promptly discharge any lien wbich has priority aver this Security Instrument unless Barrower:(a)agr -, ,
<br /> . ' . writing to the payment uf the obligatian secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> . by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinian aperate to prevent the
<br /> � '' � enforcement af the lien:or (c)secures from the holder of the lien an agreement satisfactory to Lender subordiirnting the lien to
<br /> . this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over
<br /> � � • this Security lnstrument, Lender may give Borrower a notice idcntifying the lien.Borrower shafl satisfy ihe lien or take one or
<br /> ' � • • more of the actions set fortb above within 10 days of the giving of notice. .
<br /> . ,' Form 3028 9180 •- .
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<br />- � . � ' vage 2 of 8 - . �
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