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<br /> 7'OOHTHER WITH all thc Lnprovcmcnts naw on c�rcaftcr crccted on the propcny,And ull cas�, is. . end �� , _
<br /> Ifixtura4 now or hereufter u part of the property.All replacementv and additions shnll ulsa be covere:cl by this Securlty Inswment. _
<br /> , All of tho forogoing is rcfcrrcd to�n this Secudty Instrument as thc"Property." ..
<br /> 90RROWER COVENANTS ihat�orrowcr is lawfuUy scued of the esmte hereby conveycd and h�s the right to gront nnd ,.. *_-__
<br /> convcy tha Property and that the Property is unencumbcred,cxccpt for cncumbrances of racord.Borrower warrantg cuid wW • —
<br /> . ; dcfend generaAy the tide to the Property agalnst all clairr►s and demands,subject to ar►y cncumbrances of record. _
<br /> THIS SECiJRITY WSTRUMEIV'f combincs uniform covenants for naUonal usc and non•unl(arm covcnanis wlth llmitcd
<br /> variatIons by jurisdIction to cot�sdwtc a uniform securiry instrumcnt covcring rcal property.
<br /> , iJNIFORM COVENAMTS. Borrowcr ond I.cndcr cc�vcnant and agrcc as follows: -
<br /> ' 1.Payment of Principal aad Interest;Prepayment stad Late Charges. Borrower shall prompdy pay whcn duc thc • „
<br /> principal of and interest on the debt evidenced by the Nota and any prepayment and late cherges due under the Note. ;, =
<br /> Z.Fuads for Tnxes aad Iasuranca Subject to applIcebk law or to a wrltten waiver by L.ender,Borrower shall pay to �'
<br /> • I L.cndcr on the day monihly paymenis are due under thc Note,until the Note is paid in fuA,a sum ("Funds") for: (a)ycarly taxcs
<br /> and assessments which may auain priodty over this Securiry Instrument as a lien on the Property; (b)yearly leasehold payments =-
<br /> � or ground rents on the Property, if any;(c?yearly ha•r.erd or property insurance premiums;(d)yearly tlood insurance premiums,if --
<br /> any;(c)ycarly mortgage insurance premiums, if eny;end(�any sums payable by aorrower to L.ender,in accordance with the
<br /> f provlsions of parag�aph 8, in lieu of the payment of martgage �nsurance premiums. 'It�ese items are cslled "Escrow Items." •
<br /> r I.,endcr may,at any timc,collect and hold Funds in an amount not to cxcecd the meximum amount a lendcr for a frderaUy related
<br /> � mongage loan may rcquire for Borrower's escrow account under the federal Real Estate Setilement Prc�ccdures Act of 1974 as -
<br /> � smended from timmo to timc, 12 U.S.C.Secqon 2601 et seq. ("RESPA"),unless another law that appGcs to the Funds sets a lesscr ---
<br /> 4 � amoun� If so,Lender may,et any dme, coUect and hold Funds in an amount not to exceed the lesser amounG I.ender may
<br /> estimate the amount of Funds dtne on the basis of current data and reasonable estimates of expendiwns of future Escrow Items or ,'`r
<br /> � ' otherwise in accordenco with appticable law. +::u_
<br /> •'� The I'unds shall be hcld in an insawdon whose deposits arc insured by a federel agency,lnstrumentaliry.or endty(including _.„ .��
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<br /> � L.ender,if Lender is such an institution) or in eny Federal Home Loan Bank. Lertder shall epply the Funds to pay the Escmw �" ���;
<br /> ' ' Items.L.ender ma not char e Borrower for holdin and a I m the Fundx annuall anal zin the escrow account,or verif m `��h'
<br /> , ►I Y 8 8 PPYS . Y Y 8 Y8 �.
<br /> �f the Escrow Items.unless Lender pays Bonower interest on the Funds and applicable law permits Lender w make such a charge. �4;r'` s°
<br /> _ � However;L.ender may reqntre Boaowcr to pay a one-time charge for an ineiPgc.n���s rrs,��s� �,Y r�pQ�o �����.��y .-4�' ±::•:
<br /> Lender in connectIon with this loan,unless applicable law provides otherwise. Unless an agrcement is mede or appllcable law �" ` ���
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<br /> requires interest to be paid. Lender shall not be required to pay Boaower any �nterest or earnings on thc Funds.Borrower and "+�_ ;�:�'
<br /> Lender may agree in writitrg,however,that interest shall be paid on the Funds.I.cnder shall glve to Borrower.without charge,an s. •`�`
<br /> ° annual accoiu►tinng of the Funds, showing crcdits and debits to ihe Funds and the purpose for which cach debit to ihe Funds was � '���
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<br /> made.The Funds are pledged as addiuonal security for all sums secnred by thu Security InstrumenG �, s,..
<br /> If the Funds held by I.ender exceed the amounts perntiued to be held by applicable law.Lender shall account to Borrower for ;,�l� `'°�
<br /> ,# the excess Funds In accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any time Is �
<br /> ��' not sufticient to pay the F.scrow Items when due,Lender may so nodfy Borrower in writIng,and,in such case Borrower shall pay _ — .
<br /> ;� to Lender the amount necessary to make up the deficiency.Borrower shall make up the deficiency in no more than twelve r~�°-----°
<br /> monthly payments,at Lender's sole dLscretion. 6�'�°"�
<br /> ;� Upon payment in full of all sums secured by this Security Instrument,L.ender shall prompdy refund w Borrower any Funds E
<br /> held b Lender.If,under h 21,L.ender shaU uire or sell the Pro r L.ender,prior to lhe `
<br /> Y P�S�P �9 P� �Y� acquisidon or salc of the
<br /> Property,shall apply any Funds held by Lender at the time of acquisidon or sale as a crer�it against the sums secured by this ----
<br /> Security InstiumenG _
<br /> • 3.AppUcAtbn ot Payments. Unless applicable Iaw provides otherwise,all payments received by L.ender under paragraphs --
<br /> 1 and 2 shall be applied: first, to any prepayment charges due under the Note;second,to amounts payable under paragraph 2; — --
<br /> '� ihad,to interest due;fourth.to principal due;and last,w any Iatc charges duc under the Note. `--:�_� --'__:_
<br />_ � 4.C6arges;Liens. Borrowcr shall pay ull taxes,assessments,charges,f'ines and imposidons attributable to thc Property -
<br /> which may auain prio�ty over.thip$ecurity Insuument,and leasehold payments ar ground rents,if any. Borrower shall pay these �,�:t�
<br /> obligations in the manner provid'ed in paragcaph 2,or if not paid in that manner,Borrower shall pay them on time direcdy to the �'?�-:
<br /> person owed paymen� Borrower shall prompuy fumish to Lender all nodces of amounts to be paid under this paragraph.If t'���"';
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<br /> Bonowcr makes these paymcnts direcdy,Borrower shall promptly fumish to I.ender receipts evidcncing the payments. �t^=�;:;���'�'�
<br /> Borrower shall promptly discharge any iien which has priority over thi�Security Instrument unle,ss Borrower:(a)agrees in � �
<br /> writin�to the payment of the obligadon secured by the lien in a manner acceptable to L.ender;(b) contests in good faith the lien ��� �
<br /> by, or dcfcnds against cnforccment of thc Gen in, Icgal proceedings which in the Lender's opinion operate to prevent the . �� •. �"' �
<br /> enforcement of the lien;or (c)secures from the holder of the lien an agreement satisfactary to Lender subordinating the lien to °
<br /> ihis Security InstrumenG If Lender determines that any part of Ihe Ptoperty is subject to a lien which may auain priority over this
<br /> Sccurity Inswmcnt,L.cndcr may give Borrowcr u notice idcndfying the licn.Borrower shall satisfy Ihe Gen or take onc or more
<br /> • of the acdons sct forth abovc within 10 days of the giving of notice.
<br /> � Form 3028 91�0
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