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<br /> j TOGE'tHER WI"CH all the improvements now ar hereafter erected on che property.:uid all easements,appurtenances,and � � . __
<br /> fixtures now or her�fter � part of the pro�rty. All replacement5 and additions .hall al.o be covered by this Security �_ ���. -
<br /> tmtrument. Atl��f the fomsoinc is r�fened to in thi�Serurity In+trument ati the"Property.' --- -- -
<br /> BOItROWER COVENANTS that Bonuwer is lawfully sci�cd nf the e�tste hereby� runvey�i and ha�the right to grant and
<br /> eonvcy thc Prupeny a�d that the Property i+ unencunnbereii,eaccpt t:u encwnbrance. uf rerunl. Born►wer �carrsnts and wiU - ,. ._ v
<br /> defend generally the title to thr Raperty ciga�n.[all claims and demand,.,ubjcct to:u�y encumbr:uice+of recurd. . � . _
<br /> - THIS SECURITY 1NSTRUMENT romb�nc.unifom�cmenunt. ti�r national u�c:inJ nnn-unilurm cuvenanh with litnited , . ^��-
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<br /> ,� �•ariationa by jur�.dictian a�comtitute a unifnrm+ccurity in,trument�:uvcnng nal pn�perty. � � _ °
<br /> UIVIFORM COVENAPITS. Bnm�wcr and Lcndcr cuvenant and agrcc a, fullmvs: , .�� --
<br /> � } l. Pay[nent of Principal und I�terPSt: Pe+e(r�yment ana9 l.nte CIu3rGes. Bi�rrower sh;ill prompily pay whgn due the __ -'�`�```
<br /> u . ..,�;._.
<br />-_._ principal uf and interest on the debt evideticed by the Note and any preRayment and late charge+due under the�Iote. �• � � _"�_'_"-'_
<br />�f�. 2. Funds[or Taxes and Insurauee. Subject to applicable law ur tu a written waiver by Lender, t3orro�.•er shall pay to
<br /> L.ender on the day monthly payments are due under the Nate,untit the Note is paid in full,a sum("Funds")for:(a)yearty taxes " �"� •°� : .; � . -
<br /> -`ti ." ' �' R":_�.''�-..
<br /> . and assessmenu which may attain priority over this Su.urity Instrument as a lien on the Properry:(b)yearly teasehotd payments •��«'°;�:r.y:;;;-
<br /> or ound rents on the Pro erty.if an :(c)yearl hazatd or ro e insurance r2miums:ld) eart flood insurance remiums. "'�'-�`" ''.��`
<br /> gr P Y Y P P rt3' P Y Y P -.��.;.,,...-�.,�:�;_
<br /> < if any: (e)yearty mortgage insurance prenliums, if any:and(� any sums payable by Borrower to L.ender, in accordance with ��-,. ,
<br /> ' the provisions of paragnph S,in lieu of the payment of mortgage insurance premiums.These items are called"Fscrow Items." �•'� ��; . ' -
<br /> :�i�
<br /> Lender may, at any time, wllect and hald Funds in an amount not to excYxd the maximiun amount a lender for a federally �•_ -.. -__------__--_
<br /> � '` re(ated mortgage loan may require for Borrower's escrow acrnunt under the federal Real Estate Settlement Procedures Aet of `-'t"'n�°—
<br /> �..; :�_�_.
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA'), uuless another law that appli�to the Funds �'�'''.;*�;:-'-;��-••--•
<br /> _ sets a lesser amount. If so, Lender may, at any time, col(ect and hold Funcis in an amount not to exceed the lesser amount. ; �:�::�,.-...��.�.
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditur�s of futxre _ -�.�-��-'�"��
<br /> Fscrow Items or othenvise in accosdance with applicable law. ���
<br /> The Funds shall be held in an institution wfiose deposits are insur� by a federal agency, instrumentalin, or entity : �`�;,�-�,�-
<br />; (includi�Lender,if l.ender is sucl�an i�utituteon)or in any Federal Home Loan Bank. Lender shall apply the Futas�pay the <' =� —
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<br /> Escrow[tems.Lender may not c�iazse Borrower for holding and applying the Funds,ann.ually analyzing the escrow ao�unt,or .-Y%��,
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<br /> veri�ying the Escrow Items, unless Lxnder pay�Borrouer interest on the Funds and applira'�le law permits Lender ccn a�alce such ` �. �� .,
<br /> • a charge. However. Lender may requ'ue Borrow•e,to pay a one-time charge for an independent real es�2te tax reporting service � ;• r� fi•��:
<br /> ' I an i:nless licable law rovides otherwise. Unless an agreement is made or w �.�°,;�-''.;:r���,:
<br /> used by [.ender m cannection �vith th�s o . app p
<br /> :�,:. aF�li:able law requires interest to tse paid,Len��r shall not be required to pay Borrower any interest or eamings on the Funds. � �,''�,�;�: �.°" ".�• �.
<br /> ' Bflrro�ver and Lender may agree in�ti�riting, ho�ve�er,that uuerest shall be paid on the Funds. Lender shall give to Borrower, •;- .�—
<br />:.,;,°"�:;�. v.ithoat charge, an annual accou�ti�g oE the�unds, �howing craiits and debiu to the Fands and tk:e purpose fo��.hich each � .'�:
<br /> ',:,_;;,1 debit to the Funds was made.7'he Funds azz ple3��as addirion�l securin �nr all sutns secured by t�as��ecuity Ins�ument. •`n�`�'� �
<br /> If the Fiends held by Lender excee�+w`:e amounts germ.i�ted t�be held by applicable law,Lend�sh�ll accour.t to Borrower ,;�--�' -�
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<br /> for the excess Funds in accordance with the re.�uiremens of applicable faw. If the amo�:nt of the Funds held by b.ender at any �r -
<br /> . time is not sufficient ta pay the�'G.sc:ow Items when due.Lender may so notify Borrotver in writing,and.in such cass Borrower � '�� �
<br /> , , ,; .r.
<br /> ' shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than '�='�i:, s;,�
<br /> twelve monthly payments,at l.ender's sole discretion. �e:���. '��
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly rePos�d to Boaower any o
<br /> � Funds held by Lender.If,under paragraph 21. Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale �`��� -
<br /> -.}.•.,__---
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<br /> of the Property,shall apply any Funds held by I.ender at the time of acquisition or s a le as a c r e dit against the sums secured by _� : �;;.• :
<br /> this Security Instrument. r��°
<br /> 3.Appiteatfon of Payments. Unless applicable law provides otherwise,all payments received by Lender under paragraphs ` �``' �'•�'-��.
<br /> • 1 and 2 shall be applied:first:to any prepaymertt charges due under the Note;second,to amounts payable under para�raph 2; '"';�;;-:,:;;.;.�
<br /> . '. third,to interest due: fourth,to principal due:and lasi,to any late charges due under the Note. -
<br /> : , 4.Charges;Ltenv.Borrower shall pay all taxes,assessmenu, charges.fiaes and ir.�positions attributable to the Property _ _-
<br /> which may attain ptioriry over t��Security Instrument, and leasehold payments or ground rents. if any. Boaov:es shall pay ' _.:__=__-'�`
<br /> . •• these obligations in the manner p��ided in parngraph 2,or if not paid in that manner.Borrower shall pay them�a time directly !l�-��°"`-���
<br /> � to the person owed payment.Borrower shall promptly fumish to I.ender all noaces of amounts to be paid undet s::�s paragraph. ' - —�
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<br /> , . If Boaower makes these payments directly.Eas:ower shall F:rompdy fumish to Lender receipu evidencir,�the{.vy�:nts. "�"�"�'°'�`�"� : -
<br /> Borrower shall�romptly Qi._sa1,�.ge any Iien which h��;�ioriry over this Security Instrument ucz'�s Bor�ow•.r: {a>agrees in •� �'`'
<br /> : ��: � w-r.u�ll:a°to the payment of the o�l'ia�:ion sece:..c!by t:e lic-�:�a manner acceptabte to b.er.der;(b)c.�.�.�ss in g�a�°th the lien � :.. ._ �
<br /> • �'�,;:, br, or defends against enforcement of the lien in, le;�! ;�:xeedings which in the Lemier's c;.ici;e{a open_�x �o �revent the .�. -
<br /> : �f�rcement of the iien:or(c)secvres from[he holder o f tae lien an ageement satis factory to L er_�:r s�`_+or r li^w��g t he lien to 4�� `�'°:
<br /> this Security instrument. If Lender determines that any g��of the Property is subject to a lien wh;ca may attaict�,:iority over ��'?�'_�-
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<br /> • dv.s Seeurity Instrument,Lender r.�ay give Borrower a nct�_+:identifying the lien. Bor*.�:�er shall satisfy the lierr.a_*��)ce one or ���:;••-�»:���-_
<br /> . �1:of the actions set forth ahr�::within 10 days of the g:����of notice. � �. .���`��!
<br /> � Form 3028 9190 'y�a6;'� '�, ..:::'i;�,.:,;- .
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