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<br /> ITOC3ETHER WITH all thc improvcments now on c�reaftcr crcctcd on the property,and'all cascmenis,appurtcnanccs. and __�_�
<br /> � � fucwres now on c�rcaftcr a part of d�c property.AU rcplacemcnts and addivans shall also bc covcred by lhis Security Instrumcnt. •(_���
<br /> ' All of thc forefioing is rcfcrrcd w In ihis Sccuriry Inswment as thc"Praperty." „ •`'"-
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<br /> IIORROWER COVENANTS that Borrower is lawfully sciscd of thc cstatc hcrcby convcycd and has the right w grant an
<br /> , _ convcy thc Property nnd that the Property is unencumbcred, cxcept for cncumbrances of recard. Bonowcr warrants and will , - -
<br /> � , a defend generally the title to thc Praperty against ell claims and demands.subjcct a any cncumbranccs of rccord. . >-;'u_�.
<br /> THIS SECURITY INSTRUMENT combines uniform covenanu for nauonal use and non•uniform covenants with limitcd ,�'R�_�
<br /> I variations by jurisdiction to consdwtc a uniform securiry instrumcnt covcring rcal property. �_�'
<br /> � UNIFORM COVENANT'S.Borrower and Lcnder covcnant and agree as follaws: When due ihe ., ^
<br /> , 1.Payment of Prinripal end Interest;Prepayment and Late Charges. Bonawcr shall prampdy pay ,�. _��
<br /> I principal of and intcrest on th�dcbt cvidcnccd by thc Nate and any prepayment and Inte chazgcs due undcr the Notc. ,,��
<br /> � I Z.F u nds for Taxes and Insurance. Subject tn applicable law or to a wdtten waiver by Lender, Bonower shall pay to ���_.�
<br /> Lcndcr on the day monthly paymcnis are due under t hc Note,un t i l t he N o t c i s p a i d i n f u l l,a s u m ("F u n d s")f o r:(a)y e a d y t a x c s ��,%--�
<br /> and assessments which inay aUain prioriry aver this Securiry Instrument as a lien on the Property;(b)Yearly leasehold payments _-
<br /> or ground rents on the PrapertY,if any:(c)ycarly ha�ard or property insurance prcmiums;(d)yearly flood insurance premiums,if
<br /> r any;(c)ycarly mortgage insurance premiums,if any:and(�any sums payable by Bonower to Lcnder,in accordance with the ';
<br /> " provisions of paragraph 8, in Geu of thc paymcnt of mortgage insurnnce premiums. These items arc called "Escrow Items."
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<br /> ` I..ender may,at any thne,collect and hold Funds in an amount not to excced the maximum�maunt a lender for a federally related
<br /> mortgage loan may require for Boaower's escrow account under the federai Real6state Settlement Procedures Act of 1974 as � '
<br /> ; ' amendcd from ume w dme, 12 U.S.C.Secuon 2601 et seq. ("RESPA"),unless ano�hcr law that applies to ihe Funds sets a le,ucr =
<br /> ' amoun� If so,Lendcr may, at any timc, collect and hold Funds in an amount not to exceed thc lesscr amoun� L.ender may
<br /> espmate the amount of Funds due on the basis of current data and reasonablG esumatrs of expendiwres of future Escrow Items or
<br /> �' othcrwisc in accordancc with applicable law.
<br /> � , The Funds shrsll bc hcld in an instiwtion whosc deposits arc insurcd by a fedcral agency,instrumentslity,or entity(including
<br /> ti Lender,if Lender is such an instiwtion)or in any Federal Home Loan Banlc.Lender shall apply the Funds to pay the Escrow
<br /> ' � � Items.Lender may not charge�3orrower for holding and applying the Funds,annually analyzing the escrow account,or verifying
<br /> '� the Escrow Items, unlcss Lendcr pays Bonowcr intcrest on thc Funds and applicable law permits Lender to makc such a chuge. e,__�
<br /> – - � However,Lender may r�uirc L'otta�:er so pay a onc-tim�chargc for an indcpendent rcal estate tax reporting scrvice used by �;.____
<br /> Lcnder in connection with this loan, unless applicablc law provides othcrwise. Unkss an agreement is made or applicablc faw E�����
<br /> j i rcquires interest to be paid,Lcndcr shall not bc requircd to pay Borrowcr any intcrest or eam in gs on thc Funds.Bonower and `p��_ ;;._
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<br /> Lender may agrce in writu►g,howevcr,that intcrest shall bc paid on thc Funds.Lender shall givc to Borrowcr,without chargc,an � ,�_
<br /> ' annual account�ng af lhc Funds.showing crcdits and dcbits w thc Funds and the purpose for which cach dcbit to thc Funds was ,�
<br /> � made.The Funds are pledged as additional security for aU sums secured by this Security Instrumeni. W�for �';� ,�-
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shaU uccount to Borro ,=-:�
<br /> � the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at uny time is
<br /> + nat sufficient to pay the Escrow Items when due,Lender may so notify Bonower in writing,and,in such cace Borrower shall pay _�
<br /> � to L.ender the amount necessery w make up the deficiency. Borrower shall make up the deficiency in no more than twelve ��
<br /> monthly paymcnLS.at Lcndcr's solc discretion. �,�
<br /> , ..``9 Upon payment in full of all sums secured by this Security Instrument,L.ender shall prompdy refund to Borrower any Funds —
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<br /> hcld by Lcndcr.If,under paragraph 21,Lcndcr shall acquirc or sell the Property,Lender,prior to thc acquisidon or sale of thc _�
<br /> • � Pcoperty,shall apply any Funds held by L.cnder at the time of acquisition or sale as a credit against ihe sums sccuced by �s �_
<br /> ; S Sccuriry Instrumen� �.'r`===°_
<br /> � � 3.Application ot Payments. Unlcss applicablc 1aw provides othcrwisc,all paymcnts receivcd by Lcndcr under paragraphs h�
<br /> ' 1 and 2 shail be applied: C�rsb ��Y Prepuyment charges due under the Note: second,to amounts payable under paragraph 2;
<br /> third,to intcccst duc;fourth,w principal duc;and last,to any latc charges due under the Notc. _�'�'-'-_ _� .
<br /> : � 4.Charges;Liens. Borrowcr shall pay all taxes,assessmenu, chargcs,Cines and impositions attributablc to the Property ___ _ �
<br /> � ' w h i c h m a y a tt a i n priorit y ovcr this Sccuriry Instrumcnt,and!�Q�ch�id payments or ground rents.if any.Sorrower shall pay these � ,f ��.
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<br /> . � obligaqons in thc manncr providcd in paragraph 2,or if not paid In t hat manncr.Bonowcr s h a l l p a y t h c m o n u m e d i r c c d y w t h c :�.; r�•
<br /> person owed payment. Borrower shall prompdy fumisn to Lender all notices of amounis to be paid under this paragraph. If ,,.,•L;��;,�`''�
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<br /> Bonower makes these paymenis d'uectly,Borrower shall prompUy furnish to Lender reccipts evidencing the payments. a�r��: ��.s• �•:•.
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<br /> � Borrowcr shall prompdy discharge any licn which has priority ovcr this Security Instrument unless Bonower: (a)agrccs in •
<br /> I writing to ihe payment of the obli�ation secured by the lien in a manner ucceptable to Lender;(b)contests in gcx�d faith thc lien _
<br /> � by, or dcfends against enforccmcnt of thc licn in, lcgal procccdings which in thc Lcndcr's opinion operatc to prcvcnt thc
<br /> 1 enforcement of the lien;or(c) secures from the holder of the lien an agrecment satisfactory to Lender subordinadng the lien to
<br /> this Security Instrumcnt.If Lcndcr detcrminc.e thAt any puri of the Propeny is subjcct to a licn which may attain priority ovcr this
<br /> � Sccurity InswmenG L.cndcr may givc Borrower a notice idcntifying thc lien.Barrowcr shall satisfy thc lien or tnkc one ar morc
<br /> � of thc acdons sct forth abovc within 10 days of thc giving of noticc. Form 3028 9iso
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