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<br /> � TUCi�THER WITH ull thc improvements now onc�rcufter crected on thc property.und ;�II eu+�n u ur�nunceti, un �
<br /> fixwres now or I�creuRer a purt i�f thc propeny. All rcplucements und udditicros rhxll ul+u hc r�ivcred by this Securiry �
<br /> , Inytrumcnt.All uf thc: furebuing i+rcfcrred tn in thi,Sccurity Instrument u+thc "Proprrty." �.
<br /> BORROWER COVENANTS that Borrowci is luwfully sci�cd of thc cstutc hcrchy runvcycd and has thc right tu grunt and
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<br /> � convcy thc Propeny and thut thc Pruperty is uncncun�+crcd, cxccpt for cncumhrunccs ul r�corJ. Burruwcr wurran�s und will �
<br /> t defend g�nerally the titic to the Propeny uguinst ull claim�;and�Iemandti,suhject to anp encumbrunces uf recurd. -
<br /> • 1 THIS SECURITY INSTRUMENT cc�mbines unifurm covcnunts tirr naticmul u,c und n�m-unifurm ravcn�tnts with limitcd �-
<br /> '`� variaticros by juri�diction to cunstitutc a uniform y�curity instrununt cavcring rrul property. � _
<br /> UNIFORM COVENANTS.Hurruwer uuJ i.�:uJcr���vcn�utt:tnd agrcc as fc�lloa.,: �-
<br /> `'�t��, 1. Payment of Princlpul and Interest; Prepuyment und Lnte CharRes. Burrowcr .hall prumptly puy whcn duc thc
<br /> .,,,�� principal of und intc�c�t on thc debt cvidcnccd by thc Nnic und any pmpuymcnt und lutc churgc+duc undcr thc Notc.
<br /> y�, 2. Funds �or Tuxes s�nd Insurance. Subjcrt tu upplirable luw or to u wriucn wuiver hy l.cndcr, B��rrowcr shull puy to
<br />- � I.ender un thc day monthly payments arr due unJar thc Note,until the Note is puid in full,u sum("Funds")f��r:(u)yeurly tuxes
<br /> • ,�, and assessmcnts whirh muy attain prioriry ovcr this Sccurity Instrumcnt�s a licn on thc Pn�perty; (b)ycarly Icaschold puyments
<br /> ' .g, or ground rents on thc Pruperty,if uny:(c)ycarly h:uard ar property intiuranre prcmium�;(d)yearly flocxi insurance premiums, _
<br /> �, if any: (e)yrarly mortgage inzurxnce premiums, if uny: und (tl uny �ums puyublc by Borrower to l.ender, in urrorJunce w�ith
<br /> d;� the provisions of paragrnph 8, in lieu�f the puymcnt of mortgage insurance prcmiums. These items urc cullcd "Escrow Items."
<br /> � #' Lender muy. at any time, collect und hold Funds in an umount not to excecd the maximum amuunt a lender for a fede�ally
<br /> related mortgage loan muy ►•equire fnr Borrower's escruw account under the fecieral Rc:al Estate Settlement Prucedures Act of
<br /> �� 1974 as amended from time tu time. 12 U.S.C. Scction 2601 rt seq. ("RESPA"),unles+another law that applies to thc Funds
<br /> sets a lesscr umount. If�o. I.endcr may, ut any time, collect and hold Funds in a�� umount not to exceed the lesser amount.
<br /> Lender may estimate the amount uf Funds due on the basis of current duni und reu,onablc estimates of cxpcnditures of futurc —
<br />-• �. � Escrow Items or othenvise in uccardance with appficable law.
<br /> Thc Funds shull bc hcld in an institution whnse deposits are insured by a fcdcral agency, instrumentulity, or entity
<br /> • ,, (including Lender,it'L,ender is such�n institution)or in any Federal Home Loan Bunk. I.ender shaU apply the Funds to pay the
<br /> Escrow Items. Lender may not charge Bor�ower for holding und applying the Funds, annual ly analyzing the escrow account,or
<br /> ..+ verifying the Escrow Items,unless L.cnder pays Borrowcr interest on thc Funds and applicable law permits Lcnder to muke tiuch
<br /> u charge. Howcvcr, I.ender muy rcquirc Bonowcr to pay a one-time cl�argc for an independent real cstate tax reporting service
<br /> used hy Lendcr in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or
<br />- applicable law requires interest tu bc paid, Lender shall not bc requircd to puy Borrower any interest or eurnings nn the Funds.
<br /> � �orrowcr und l.cndcr may ugree in writing,howcver,that interest shsll be paid on thc Funds. Lendcr shall givc to Borrower.
<br /> ' � without charge, an annual accounting of the Funds,showing credits and debits tu the Funds and the purpose for which each
<br /> debit to the Funds was made. The Funds are pledged as aaditional securiiy fur ull au�ti,s�cur:.d by ihi:;S:curit�Islstn�mr�tt
<br /> If the Funds held by Lender exceed the amounts permitted ta be held by applicable law.Lender shall account to Borrower
<br />- ' for the excess Funds in accordance with thc requirements of upplicable law. If the umount of the Funds held by Lender at any
<br /> � � time is not sufficient to p:+y the Escrow[tems when Jue, [.ender may so nutify Borrower in writing, and, in such cuse Borrower
<br />. shall pay to Lender the umaunt necessary to make up the deficicncy. Borrower shall make up the deficiency in no more than
<br /> twelvc munthly payrncnts,at Lcndcr's sole discretion.
<br /> •. Upon paymcnt in full of all sums sccurui by this Security Instrument. Lcnder shall promptly refund to Borrower any
<br /> - Funds held by l.cnder,!f,under paragruph 21, Lcndcr shull acquire ar scll the Propeny.Lt:nder,prior to thc acquisition or sale
<br /> � of che Property.+haU apply any Funds held by Lender ut the time of ucyuisition or sule as u credit again�t the sums secured by
<br /> � • this Sccurity Instrumcnt.
<br /> •4 , 3.Appl[cation of Pavments.Unless applicable law prc�vides otherwise,all payments received by Lender under paragraphs
<br /> � •-,.1 1 and 2 shall be upplied: fint, to any prepayment charges due under the Note: second,to amounts payable under paragraph 2;
<br />` r - ��•:w�, third,to interest due;fourth, to principul due;anJ last. to any I�te charges due under the Note.
<br /> 4.Chae��; Llens. Borrower shaU pay ull taxes, asscssments, churges, fincs and impositions attributablc ta the Property
<br /> • > . whicli may attain priority over this Securiry Instrument, and lcasehold paynunts or grnund rents, if any. Borcower shall pay
<br /> . thesc obligations in thc manner provided in pursgraph 2,or if not puid in that manner. Borruwer shall pay them on time directly
<br /> , ,,,. . to the person owcd paymcnt. Borrower shall promptly fumish to l.ender aU notices of amounts to bc paid under this paragraph.
<br /> � �_ If Bo�rowcr ntakes thcsc paymcnts directly,Bc�rrowcr shall pr��mpdy furnish to Lender rercipts cvidcncing the payments.
<br />_r, Borrower shall prompdy dischurge any lien which has priority over this Security lnstrument unlcss Borrower:(a)agrees in
<br /> _ � �,•. writing ro the payment of'the�bligation ticcurcd by ihc lien in a manner acceptublc to Irndcr, (b)contcsts in good faith thc lien
<br /> by, c�r Jefends against rnforcement of the lien in.Iegxl pmceeciing� whirh in the Lender'x opinion operate to prevent thc
<br /> � entorrement c�f thc licn: ur(r)+crureti from the.hulder of thc licn:ui agrcernent�atisfactory to Lender subordinating the licn to
<br /> $ this Sccurity Inytrunxnt. If l,�ndrr dctermines thut any part uf the Pruperty is �ubject w a lien which muy attain priority over
<br /> � this Security Instrumcnt, Lcndcr m,ry givc Borrowcrs rxnice identifying thr licn. Burrowcr,hall satisfy the licn or take one or
<br /> � more of the actiuns set tbnh abovc within 10 day. u(thc giving rf notice.
<br /> Form 3028 9190
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