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<br /> 7'OGETHER WITH all thc impravements now on c�rcaftcr ercctcd on thc property, and all casemcnts, app an s, and
<br /> • C�xtures now or hereafter a part of the property.AU replacements and eddiGOns shaU also be covered by this Sauriry InstrumenG
<br /> Aq of the foregoing is rcfened to in this Sccuriry Instrumcnt as thc"F'roperty." � .
<br /> BORROWER COVENANTS that Boaowcr is lawfully scised o€the estatc hcreby convcycd and has thc nght w srant and �
<br /> .. convey Ihe Property and that the Property is unencumbered,except for encumbrances af record. Borrower warran4s and will +
<br /> •� defcnd gcncraUy ttic pdc to ihc Property against ell claims and dcmands,subjcct to any cncumbranccs oF rccord. •�
<br /> THIS SECURITY INS'IRUMENT combines uniform covenanls for natianal usa and non•uniform caven�nts with limited „
<br /> variapons by jurisdiction to constitute a uniform security instrument cavcring real propeny. ' .-
<br /> UNIFORM COV�NAN'fS.Barcowcr und l.cndcr covcnant and agrca a4 follows: "
<br /> 1.Payment ot Princip�l wnd Interesti�'epAyment And LAte CharRe�. aarrc�wcr sht�ll prompdy puy whcn duc thc i
<br /> princip�l of and intcrest an�hc dcht cvidcnccd by thc Natc and any prcpaymcnt nnd lutc chcuges duc und�r thc Nutc. -
<br /> 2.FundA tor T�xev and ingurwnce. Subjcct w upplicablc law or to u writtan waivcr by l.cndcr, Hn�xowcr shall pay to !
<br /> I.cnder an thc day munthly puymcn�v ivc duc undcr thc Notc,unul thc Notc is pAid in full,a sum ("Funds") far.(a)ycarly uixcs
<br /> ! and ussessmenGq which may uttuin priariry nver ihis Security Insirument av a lien on the Property:(b) yeurty lcasehold paymen4s =
<br /> I or ground ren�v an thc Prapcny,if nny;(c)ycurly hur.�ud ar property insuruncc prcmiums; (d)yex+rly Aoad insuranc:cpremiums,if
<br /> any;(c)ycarly martgagc insurancc ptemiu►ns,If Euty; and(�any sums pAynblc by Barrowcr to Lcndcr,in accordancc with ihc -
<br /> provisions of paragrnph 8, in licu of thc paymcnt of mortgugc insurarrcc pecmiums.Thcsc itcros arc callcd"Escrow Items." _ __
<br /> L.ender may,at any pmc,collect and hold FundS In an amount not to ezcced thc maximum arnount a lcndcr for e fe:dcrally rclated –�
<br /> mortgage loan may require for Borrower's escrow account under the[ederal Real Esla� Settlement Procedura Acl of 1974 s�s
<br /> amended from time to time,12 U.S.C.Sectian�601 et seq. ("RESPA"),unless anather law that applies w the Fundssets a lesser -
<br /> amoun� If so,Lender may,at any time,coUect and hold Funds in an amount not to exceed thc Iesser amoun�Lender may
<br /> estimate the amount of Funds due on�he basis of current data and masonablc estimates of expendiaucs of futurc Escrow Items or -
<br /> �• othcrwise in accordencc with appllcablc law. ��,�
<br /> Thc Funds shall be held in an insdwdon whosc deposits arc insured by a federal agcncy,instrumentaUty, or cntity(including ' �--
<br /> Lender, if Lcnder is such an institudon) or in any Fcdcral Home Loan Benk.Lcnder shail apply the Funds w pay the Escrow `
<br /> � Items.L.ender may not charge Borrower for holding and applyin�ihe Fnnds,annuaUy analyzing the escrow account,or verifying _��
<br /> J �P g�mw tt�.ms,�mtE�cc i.ender pays Boaower interest on the Funds and applicable law permits Lender w make such a charge. ���.;,!
<br /> However,Lcnder may require Boaowcr to pay a onc•time chargc for an independent rcal estate tax reporcing servicc uscd by :��:_ _
<br /> Lender in connecdon with this loan,unless applicablc law provides othenvise.Unless an�reement is made or applicable law ',�--�.;� --
<br /> rcquires intcrest to be paid,L.ender shall not bc requircd to pay Borrower any intcrest or carnings on the Funds. Borrower end
<br /> Lender may agrce in writing,however,that interest shall be paid on thc Funds.Lcnder shall give to Boaower.withaut charge,an .�,F°
<br /> annual accoundng of the Funds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was `�,� '��
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<br /> made.The Funds are pledged as addidonal security for all sums secured by this Security Instrument, �
<br /> If the Funds held by Lender exceed the amounts permiued to be held by applicable law,Lender shaU account to Bonower for '�
<br /> the excess Funds in accordance with the requ'vements of applicable law.If Ihe amount of the Funds held by Lender at any time is �
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<br /> not sufficicnt to pay the Escrow Items whcn duc,I.cnder may so nodfy Borrower in wriring,and,in such case Borrower shall pay :���•�
<br /> to Lcnder the amount necessary to make up the de�ciency. Borrowu shall make up the deficiency in no more i}tan twelve •yh;�g�
<br /> monthly payments,at Lender's sole d'ucrction. %-'��
<br /> 1 Upon payment in full of all sums scc�red by this Securlty Instrumcnt,Lcnder shall prompdy refund to Sorrowa any Funds i-----�---
<br /> held b l.ender. If,undcr ara h 21,Lender shall a uire or scU the Ro L.ender, nor to thc ac uisiaon a sale of the '�"m�
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<br /> Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this =
<br /> Security InstrumcnG • `"^°'
<br /> 3.ApplEcation of Peyments. Unlcss applicable law provides otherwisc.all payments received by Lender undcr paragraphs '�'�� ,_
<br /> 1 and 2 shall bc xpplicd: first,to any prcpayment chargcs duc undcr thc Note;sccond,to amounts payablc under paragraph 2; _,�i�.�-
<br /> third,to mtcrest due;fourth,w principal due;and last,to any late charga duc undcr the Note. : ,}��-�_ 4—��
<br /> � 4.Charges;Liens. Borrowcr shall pay all taxes,asscssmenis, charges, fines and impositions aaributablc to�he Property ,,,
<br /> which may attein priority over this Security Instrument,and Ieasehold payments or ground rents,if any.Borrower sl�all pay these '"'
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<br /> � obligauons in ihc manner providcd in paragraph 2,or if not paid in that rnanner,Borrower shall pay Ihem an time direcdy to thc f :�• : - :
<br /> P� P Y P p Y P � P a8 P • .�.,.. ... ,.�.::; .,
<br /> rson owed a men� Borrowcr shall rom d fumish to Lcndcr all nodces of amounts to be a�d under�his ar ra h If f "'��';��+ ="'�"�J' :
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<br /> I Borrowcr makcs thesc paymcnts dircctly,Barrower shall promptly furnish to Lender receipts evidencing the paymcnis, I �
<br /> Borrower shall prompdy discharge any lien which has priority over tliis Security Instrument unless Borrower:(a) agrees in
<br /> ; wridng to the payment of the obligation secured by ihe lien in a manner acceptable to Lender;(b}contests in good faith thc lien •
<br /> • by, or defends against enforcement of the liet� in, legal procectlings which in the Lender's �pinion opere�e to prevent the '
<br /> enforcement of the lien;or(c) secures from thc holder of the lien an agrcement satis(actoty to Lender subordinating the lien to
<br /> this Security Instrumcnt.If l.cndcr dctermines that any paa of the Propeny is subject w u licn which may auain priaity over this �
<br /> Security Instrument,Lendcr may givc Borrowcr a noticc idcnafying ihc lien. Borrowcr shull sutisfy thc tien orutkeone or more i
<br /> of th,e acdons sct fonh abovc within 10 days of ihc giving of nopcc. `
<br /> � Form 3028 9190 f
<br /> � �j -8R(NE)�aaiz)o� aepe2oic ��+�,is:
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