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<br />� TOGETHER WITH all the improvements now or hereafter erected on the proparty.and all rs,ement,,appurtenance�;�nd � ' "'"
<br /> � fixtures now or herrafter a part of the property. All replacemenu and additions .hall also be covered by this Security . �, ''� ' ' -
<br /> ` [nstrument. Alt of the foregoing�s referred to in this Security Ins[rument as the"Propeny." . '. , , "'�'~ �`
<br /> BORROWER COVENANT5 that Borrower is lawfully seised of the estate hereby ronveyed and ha�the right w grant and . .'
<br /> canvey the Property :ind that the Property is+anencumbered, except for encumbrance., uf nxord. Borrower warranu astd will ' :
<br /> ' defend generally the title to the Properry against all claims and demands,subject to any encumbrance.z of rerord. � , . . ..�
<br />-� THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform rovenants with limited _ � ��_ _
<br /> variatiu�by jurisdiction to cons'itute a uniform security instrument covering real property. � � : '
<br /> UNIFORI�i COVENANTS. Borrower and I.ender covenant and agree as follows: � ' _
<br /> 1. Payment of Principsl a�d anterest; Prepayment and Late Charges. Borrower shall promptly pay when due the __ _� '�--r�,�
<br /> ` ` principal of and interest an the debt evidenced by the NMe and any prepayment and late charges due under the Note. .-- `:�-..,�_-�-i_,r,.:'�•
<br /> Z. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to ' , "' `�'" ''
<br /> ,�
<br /> Lendes on the day monthly pa�-ra°nu are due under the Note.unul the Note is paid in fiill,a sum("Funds")for:Ia)yeariy[axes ..' � � : : „
<br /> and assessments which may attain priority over this Security Instrumenc as a lien on the Property; (b)yearly ieasehold payments ��'""`�"'��- ��--'•r�
<br /> < or ground renu on the Propem_if any:(c)yearly hazard or property insurance premiums:(d)yearly flood insurance premiums, ���'•__F-';'" ' -._
<br /> . if any: (e)yeaiiy mortgage ir_�:.��ce premiums. if any;and(�any sums payable by Bonawer to Lender, in accordance with . '•°�:=-�_-
<br /> the provisions of paragraph 8, in lieu of the payment af mortgage insurance premiums.These items are called"Escrow Itetns." ��.: .�. ' ,-`��•",�.
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally ..� ,�3��-,.
<br /> related mongage loan may require for Borrower's escrow•account under the federal Real Estate Settlement Procedures Act of ,"��;•TY• -
<br /> •� .� 1974 as amended from time to rime, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds .'� ��''"�'���''
<br /> -:4.---;,.._
<br /> sets a leaser amount. If so. Lender may, at any ume, collect and hold Funds in an amount not to exceed the lesser amount. ' _ '°•_. `�~
<br /> `'.,�.�s'—,...,
<br /> �- Lender may estimate the amount of Funds�e on the basis of current data and reasonable estimates of expenditures of fi�ture ��'X�°-- _
<br /> Escrow Items or otherwise in accordanc�w�*�,applieable law_ '�'`.��;. � "
<br /> -:c�._
<br /> The Funds shall be held in an institution whose depc�sits are insured by a federal agency, instrumentality, or entity • '+��" -��
<br /> (including l.ender,if Lender:�-i,ch an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the , ,��k��� ��
<br /> � Escruw Items. Leeder ma c,rhaz e Borrower for holdi �and 1}•iu�the Funds,annuall anal zin t he escrow account,or ?�':`�' •�' �'`��
<br /> Y � g � aPP Y Y g �;.a::�i.{,�,,_-�:;,�.-. :.
<br /> , f�A^�
<br /> verifying the E.vs:�.:• Iter_�s. �nless Lender pays Borrower interest on c�z Fsnds and applicable law permits Lender to make sucf: .�C.t,��;a�'- .f�
<br /> a charge. Howe���. :..°nc�:.�may require Borrower to pay a one-time c:�.�-ge for an independent real estate tax reporting service f�;�}�. }���.,9+ ,.
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<br /> Y �� P � `(;�,�.:..:... : : .::..��f�`.• .:
<br /> used b I.ender :: cc�-w��•-: with this toan, unless �li:able law rovides otherwise. Unles� an reement is made e� f �; .
<br /> applicable law reqnires ir.�w'Tes�_o be paid. Lender shall¢ot 3:required to pay Borrower any interest or earnings vn the Funds. '� �:
<br /> Borcower and l.ender may agrv�e in writing,however, that int�rest shall be paid on the Funds. Ixnder shall gi��e w Borrower, � ����,��°
<br /> .�; '� ,. . �., ..t,'
<br /> without charge. �,=^.a-urual accounting of ch,'Funds, showing crcdits and debits to the Funds and t��e pwpose for wfueh each � .:s�� _:
<br /> .��� debit to the Fu��:U ::..s made.The Funds a�,-��_d ed as addiqonal sece-�.-�for all sums secured b tt�e:�securi Instrument. ;. Tl�,�f��.�':
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<br /> '•2'� If the Fun�?��r::d by Leader exceed c���-:ounts pertnitted to be'r��s.,by applicable law,l.er�:✓ ssall account to Borrow�r _ ��
<br /> for the excess Fn�ds in accor�::.-�ce with the re�uiremenu of appiicable law. If the amount of the Funds held by iu�r.der at any •r `�-:���:���
<br /> .•;;;�.,. .
<br /> " time is not su�cient to pay the Escrow Items when due.Lender may so r_otify Borrower in writing,and, in such case Borrower ,�,: �(';.
<br /> . shall pay to Lender the amount necessary tQ r.�:�ake up the deficiency. &��ower shall make up thQ deficiency in no mare than �•_��;
<br />-- twelve mnnihly naymentc,at i en�!?%s sole�°��PIi^n. -- _
<br /> � Upon payment in full of all sums secured by this Security instrument, Lender shall prom��y refund to Borrower any ��jj'' :-=
<br /> Funds held by Lender.If,under paragraph 21,Lender shall acquire ar sell the Property.I.ender,prior to the ac�:•u.sition or sale •
<br /> • •+- i a 'nst the�w.�secure�b ����,�='--_
<br /> of the Properry,shall apply any Funds held by l,ender at�.e nme of acqu�s�tion or sale as a cred t gai y -- ---
<br /> .. .�
<br /> ' this Security Instrument. • ''
<br /> 3.ARplfcrtfQa�of Payments.Unless applicable law provides otherwise,all paymenu receiva:ic Ly i.ender under Qaragrap!'� -
<br /> 1 and 2 shalt 15�a�plied: first,to any prepaymcnt charges due under ti:e Note; second,to amou^t5�4;abte under paragraph P: " '� `
<br /> � third,ro enr.cx��a:��. fourth,to principal due:and last,to any late charges due under the Nate. -�-��-_-_���,_;�
<br /> . � � 4.C[�c;,� Liens. Borrower shall pay all taxes,assessments,charges, fines and impositions attributable to the Property . �!'?� _
<br /> :,� which may atrain priority over this Security Instrument, and leaschold payments or ground renu, if any. Borrower shall pay � '�� • ''='� ' " `'_•'•`��
<br /> �' these obligatisr.s ia the manner provided in paragtaph 2,or if not paid in that manner,Borrower sh�S pay them on time direcrl,4- '' " - � '
<br /> • to the person owed payment.Borrower shafl prompily fumish to Lender�11 noticc�of amounts to[s��:�id under this pars�gra;lz. ,, , ,, _�r+:,�,`
<br /> � ' ' If Borrower makes these payments directly.Borrower sh�tE promptly fumish to Lender receipu evi��.cing the paymenu. • • � ` ='----=-�'�•
<br /> �- Borrower shall rom tl dischar e an lien which has riori over this Securit Instrument uriless Borrower:(a)a mxs in � �j�
<br /> .•:•';��;�r•�`:�'��
<br /> P P Y 8 Y P �Y Y S =,.,' '��:
<br /> = writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien -• • •
<br /> , ` by, or defends a�ainst enforcement of the lien in, legal proceedings which in the Lertder's apinton operate to prevent the ^^• ''�,:,(;.;�
<br /> . '��. ' ..
<br /> � enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lcr,�i_r subordinating the liett r,z ., � ;{��;+;rrr.,.
<br /> � r. this Security Instrument. If Lender determines that any Rart of the Property is subject to a lien which may attain priority c�r� -'°'r'` ° `.'''•:`°
<br /> i this Security Instrument,l.ender may give Borrower a r,etice identifying the lien. 9orrower shall satisfy the Gen or take onE or ��'�� ' �.� �� ,
<br /> � more of the actions set forth above within J O days of the givin�of notice. '`���'^'^"�"``""'�```.� .
<br /> . .:���T;
<br /> . Form 3029 3�r8�i ;•s..
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