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<br /> TOGETHER WITH ull�he improcements now or hereafter erecced on the propeny,and xll�ssements,appurtenances,and ; ".q:
<br /> fixtures now or hereafter a part af the propert;•. All replacements and additioru �h:ill also be covered B� this Security � , , °'
<br /> Instrument. All of the foregoing is mferred to in this Security instrument as the"Pmperty." � " ' • . �"
<br /> �, BORROWER COVENANTS that Borrower i.lawfully�eised uf the catate hereby r��nveyed and has the right to grant and ' . _
<br /> com•ey [he Property and that the Property i� unencumbered, except tor encumbr.uice.+ of record. Borrower warranu and will • �. <•. �
<br /> defend generally the title to the Property against all claims xrtJ demand,.�ubject to any encumbrance.+of recard. `"- � � ' _
<br /> THIS 5ECURITY INSTRUMENT combineti uniform wvenant� for natianal use:end non-uniform covenants with limited . `
<br /> _ variations by jurisdiction to cor.stitute a uniform�ecurity instrument cuvering real property. . -- _
<br /> - CiNIfiORM COYENANTS. Horrnwer anJ Ixn�lrr ruven:uu:md�gree:u foliows: - _--- --- - - -
<br /> 1. Paymeai of Principal and [nterest; Prepay�ment antl Late Charges. Borrower shall promptly pay when due the ` ; � �.,_, �: '�_
<br /> principal of and interest on the debt evidenced by the Noce and any prepayment and late charges due under the Note. , -
<br /> 2. Funds for Taxes and In4urance.Subjec� to applicable law or to a written wai�er by Lender, Bortower shall pay to - � ' -��'� ':;��'=
<br /> . .?:7f(,jx'�'µr�..tc: -.�
<br /> Lender on the day monthly payments are due under the PIote,until the Note is paid in fuli, a sum("�unds")for:(a)yearly taaes ,'�,,��- -� �;
<br /> , and assessments which may attain priority over this Security Instrument as a lien on the Property;(bl yeariy leasehold payments ,��.r.c.�.
<br /> or ground rents on the Property, if any:(e)yearly hazard or property insurance premiums; �d)yearly flood insurance premiums. •�.��',�- ' . -_
<br /> ' if any: le)yearly mortgage insurance premiums, if any;and(� any sums payable by Borrower to Lender, in accordance wit6 � i'•"���.�t-.'�^ ' ' . `' '
<br /> � the rovisions of ara ra h 8,in lieu of the a ment of rnort a e insurance remiums. 7'hese items are called "Fscrow Items." �°��� .
<br /> ; � �
<br /> �. P P S P P Y g g P -•��__
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally . _ ';;-`�_f�z�°
<br /> relate' m�rtgage�oan may require for Borrower's escrow atcount under the federal Real Estate Settlement Procedures Act of " . ��}'
<br /> 1974�a�..�nded.. �m time to time, 12 U.S.C. S3.-tion 2601 et seq. ("RESPA"), unless another law that applies to the Funds ��� � TT
<br />. �.�.�;��.""'�..�•_•n•���:�s�.`
<br /> �eu a'.��.r anaonnt. If so, Lender may, at any time. collect and hold Funds in an amount not to exceed the lesser amount. - _ ---�,:-:
<br /> Lers�����y� estimate the amount of Funds due on the basis of wrrent data and reasonable estimates of expenditures of future ������;;;�
<br /> �•!. .�
<br /> •�`�"_ .� --
<br /> Fscrow Items or other�se in accordance with applicable law. -
<br /> s��� The Funds shall �e held in an insticution whose deposiu are insured by a federal agency. instrumentality, or endty _-'_�;t=�'; �, -
<br /> :• =.l� ��,- • ,
<br /> (including Lender, if Lender is such an institution)or in any Federal Home Lc�.�Bank. Lender shatl apr�: the Funds to pay the .:;,�,,,, .�,_y� ;t " '
<br /> .. .��.;.�
<br /> F_scro+v Items. L.ender may not cha�g�Borrower for hotding and applying the Funds,annv�lly analyzing the escrow account,or °-
<br /> . verifying the Escrow items,unless 3.ender pays Borrower interest on the Funds and app::c.�t�:a law permits Lender to malce such
<br />. a charge.However. Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service � `,'�.�;
<br /> � used by I.ender in connection with this loan, unless applicable law pTovc:� othetwise. Unless an 3areement is made or _
<br /> applicable law requires interest to be paid,Lender shall not be required to pa� Borrower anc interest or °.�-nings on the Funds_ *`. "_�� � y�'
<br /> � , Borrower and Lender may agree in tvriting, however, that inter��s shall be paid on die Fe,:.�_ Lender�C�i give to Pxrr�wer, '' + .! �
<br /> _ withoc: c�.:rge, an annual accauntinc of the Funds, showing:r�"ts and debits to the F�:iCs and the�;:4�se for u�:�.each
<br /> , debit to an:Funds was made.The F4nds are pledged as addition2l securiry fer a1 sums se..-e:rr.i by this S�>-:y Instrur�t. � Y'Z
<br /> � � If the Funds he!�h-y Lender exceed the amounts permitted to be held b� t�licable law,Lender st�.�:account[o Borrower : , �i�;,
<br /> for the excess Funds in accordance with the requirements of applicable law. �F:.'�e amount of the Funds held by Lender at any �';�''J��'� �f`
<br /> ' � time is not sufficient to pay the Escrou Items when due.Lender may so notify Sorrower in ariting,and.in such case Borrower ' ` `i��� '�;;{—
<br /> shall pay to Lender the amount n�ASary to make up the deficiency. Horrower shall mal::up the deficiency in no more than �'' �
<br /> twelve monthly payments,at I.ender's sole discretion. f '
<br />" '� LJpon payment in full of all sums secured by this Secnrity Insuument. Lender shall pramptly r:'rand to Borrower any ��a".
<br /> ' Funds held by Lender.If,under paragraph 21. Ler.der shall acquire or sell thr Property. Lender,prior c�ti.e acquisition or sale 4.. ��-=
<br /> _ of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit agair��:the sums se�.:red by .;�;�:..,,
<br /> ��� .
<br /> � � �: this Security Insmiment. ��� --
<br /> L 3.:�ppldcation of Payments.iJ�.ess applicable law provi�s otherwise,all paymenu received by Lerder under p��graphs � .i.;;��_��c ��
<br /> ' 1 and 2 shall be applis�: first, to any prepayment charges due under the 1��;�,w;second, to amounts pay.:I*�e under paragraph 2; ���`,:�`�
<br /> � � third,to interest due;fourth,to principal due;and last,to any la:e charges�;.:under the Note. --- _}•''�
<br /> { 4.Charges;Liens. Borro�tier�'�all pay all taxes,assessar:,�:s, charges. fines and impositions attri'�stable to the Property �'-"'4 T��r-r�-
<br /> # which may attain priority over this Security Instrument, and tu:sehold payments or ground rents, if any. Borrower shall pay '��,��s,y�''�4..
<br />, , these obli�ations in the manner pro�i�ed in paragraph 2,or if not paid in that manner, Bvrrower shall pay them on time direcdy ��,:�`.•..�<<• . ° '•�'�_•
<br /> '1��~;� -
<br /> to the person owed payment.Borrower shall promptly fumish to Lender all notices of amounts to be pa:u�nder this paragraph. 1;�� �'=:-`�=s:-._-..�_<:-.
<br /> If Borrower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencie�*_he paymenis. � • ����;
<br /> .�,,,. .::.-�. .�....;�
<br /> ; Borrower shall promptly discharge any lien which has pciority over this Security Instrument unless Borrower: (a)agrees in � �� ;;:.�,;� _
<br /> . - ,�:` .
<br /> • writir,g to the payment of the obligation secured by the lien in a nanner acceptable to Lender; (b)cantesu in goad faic'�the lien :.;:�p'':,s.:.:,��._.._.��r�
<br /> by, oz clzfends against enforcement of the lien in, legal pro;�ings which in the Lender's opinion operate to prevent the F�_,,,�_.
<br /> enforcement of the 62en:or(c)secures fmm the holder of the lien an agreement satisfactory to Lender subordinating the lien to ''�`�`�""'•�'"�'"'r�
<br /> ��-�- � �::
<br />. this Security lnstru:r�nt. If Lender determines that any part of the Propert�ds subject to a lien which may attain priority over � r�+�+�.�
<br /> � this Security Instrument. Lender may give Bonower a notice id�ntifying the[ien. Bonower shall satisfy the lien or take one or -��`-°�--�,��=--
<br /> ---,.�,.�:�..��-..-
<br /> � more of the actions set forth above within!0 days of the giving of notice. �-���•�i�i.�•��: �"''' `
<br /> ::�uri}n?rn�isn����
<br /> Form 3028 9190 - �•,r..�`s� _-- �
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