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<br /> • TOG1iTHfiR W1TH all the improvemenu nuw ur herexfter erecred on tli�pruperty,iitl(I lill Ci1SCAlCIIIti, appurtenxnces, ;�nd •�
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<br /> fixtures now ��r herexfter x pxrt of die prnprrty. All r�plucemenGC an�d xddi�ian.ti shall altiu hr cuvered by thiti Security I �}�
<br /> I��.,tnui�ent.All uf d�e ti�rcguing is rcFerreJ tu iu diis Securiry(n.titruntent as the "Prapeny." ..',
<br /> BORROWBR COVBNANTS that Borruwer is lawfully seised af th�estxte herrry cutrvayeJ xnd I�.►.r•d�e riblit to gn►itt aud �� ��°.„?�"
<br /> •" convey the Pmpeay xnd that the Proprny is unencuml�x:red, �xc�pt for eucumbrances of reci�rd. Borrenver w:irrant� ai�d wlll . �,�
<br /> ` defend genrntlly dt�dde to the Pruperty eg�►3n�t xll clafms and demtu�dti,subJect m any enc:umbr.►nces uf rrcurd. • ,.°�``�
<br /> THIS SECURITY INSTRUMfiNT mmbtnes unlf�rm covenuuts for rwtio�u+l use anQ non-uiilti�m�cuveiuuus with !lmited • ,�`�
<br /> wulatiu�u by judsdiction ro constitute a unlfam�securiry in�trument cavering rrxl property. -�.
<br /> UNIFORM COVENANTS. Onnawer anct I.ender caven;u�t:utd agree as follows: - -�-•-
<br /> 1. Payment of Prtncipal and Interesti Prepayment and Iate Charges.Banower sh�ll prompdy pay when due the ' �:_-
<br /> principal af xnd 3nterest on the debt evidenced by t�e Note:wd�uy prepaymeat und late cliarges due under the Nate. ' �"
<br /> 2. Fund.S for Taxes and I��sura�a. Subject to applicable law or to �written waiver hy Lender, Borrower shall pay to
<br /> Lender on eLe clay manthly paymenGti ure due under the Note,until the Note is paid in full. u sum("Funcls")for: (a)yearly taxes
<br /> aud assessments whicb may xttain pdoriry over this Security Instcument us a l[en oa the Prop�:rty;(b)yr.�rly lesuehold paycuen[s
<br /> or ymund reats an the Property, if any;(c) yearly hazard or property insunince premiums; (d)yeurly tlaod Insurance premiurus,
<br /> if x�iy; (e)yexrly martgage Insurance premiwus.if any; und(t)uny stuns payable by Borrower ta Ixndcr, in acwrJauce wlth .. -
<br /> the provisious of paragraph 8, in lieu of the payment of mongage iar•urance premiums,These iteau ure cxiled"Hscrow Iteuu." . •-
<br /> Lcttder may, at uny time, collect und bold Funds in an umount not to exceed the maximum amount a lei�der for a federally '�` '
<br /> y, related mongage loan may require for 6orrower's escrow account under tho federal Real Sstxte Setdement Procedures Act of ,w• �
<br /> i� 1974 as amended from time to dmc, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless xnodier law that applies tn the Funds '''�'-
<br /> sets a lesser umount. If so, I.ender may, xt any time, collect �u�d hold Puuds in an aniount not to excxed the lesser s�nount. ;,;,_`�
<br /> Lender may estimxtc the amount of Funds due on the bxsis of current clxta and reasoaable estimxtes of expenditures of fuNre -
<br /> �; Bscrow Items ar otherwise in accordance with applicable law. —•_
<br /> � The Funds shall be held in an iastiturion whose deposits are insureci by a fe�eral abency, iastrumentality, or endty �`
<br /> '�49 (including I.ender, if Lender is such xn iastituaan)or in xny Feden►1 Home Lofui Bank.l.ender shxll apply the Funds ro pay the _
<br /> � Escrow Items. Lender may not churge Borrower for halcling and applying the Funds. aanually analyzing the escraw account,or =_
<br /> -.►� verifying tlie lsscrow Items,unless Ixnder pays Borruwer i�iicrc�c uu iLr.Fuu�axi applicablE taw p�rmiu L,�.ndcr to m:utie�cch -
<br /> '�< a charge. However, Lender may require Borrawer to pay a one-dme charge for an indepettdent real estate tax repordng service -
<br /> � used by Lender in connecdon with this laaa, unless applicable law provtdes athecwise. Unless an agreement is made or _
<br /> ?� applicable law requites interest to be paid, Lender shall not be required to pay Borcower any interest or eurnings on the Funds. --
<br /> ` Borrower aad Leader may agree tn wriunb.I�owever,that interest shall be paid on the Funds. Lender shall give to Borrower. E�
<br /> wlthout charge,an aanual accounuug of the Fumis, showing credits and debits to the Funds and the purpose far which each
<br /> ' debit to the Funds was made.The Funcls are pledged as addidonal seeuriry for all sun�s secured by this Seeurity Instcumeat. -
<br /> ,��.. If the Funds held by Ixnder exceed the amounts permitted to be held by applicable law, Lender shall account to Bonower � �__,
<br /> k' for the excess Funds in accordxnce with the requiren�ents of applicable law.If tUe awount of the Funds held by Lender at any
<br /> '� dme is not sufficient to pay the Escraw[tems when due, Lender may so notify Harrower in wridag.:uid,in such case Borrower
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<br /> 4 shail pay to Leader the aniount necessary to make up the de�ciency. Bonower sl�sll muke up the deficiency in no raare thun
<br /> twelve montWy payments,at Lender's sole discretion. �
<br /> ; Upan payment iu full of all sums securcd by d�is Security latitruraent. Leader sh:sll pronipdy refund co Bonower any �-
<br /> Funds held by I.ender. If,under paragraplx 21, Lender shall acquire or sell the Property,Ixnder,prior to the acquis[don or sale �
<br /> of the Property,shall apply any Funds held by I.ender at the tinie of acquisition or sale a.ti a c:redit against the su�us secured by
<br /> this Securiry Instcument. �:;�_
<br /> - 3.Appltcatton of Payments.Unless applicable law pmvides otherwise,all payments received by Lettder tu►der pardgraphs
<br /> 1 and 2 shall be a lied: first,to an re�a meiu chu�es due under the Note. second,to amounts a able under ara ra h 2; �``��
<br /> PP Y P l Y b P'Y P' S P �;;-
<br /> third,to interest due;fourth,to principal due;anJ last,to any late charges due under die Note. ••—
<br /> 4. Chargesi LIenS. Bonower sh:ill pay all taxes,assessments, ch;uges, fiaes and imposidons xtuibutable ro the Property =`;;,��d _
<br />- which may attain priority over diis Security Intiuunient, and le;�ehold paymenW or ground rentti, if any. Borrower shull pay .. .;t,� -
<br />- these obligations in the mxnner provided in paragraph 2,or if not paid in that manner,Bunower shall pay them on dme direcdy �
<br /> to the person�wed pa}mient. Burrower,hall promptly furnish to Lxnder all notices c�f aniouuts to be paid under dus paragraph. �� ~;•
<br /> If Borrower makes these payruents direcAy. Bunower shxll prompdy funush ta Ixnderreceipts evidencing the paymenGti. • ,-.:T ��K�- .3''
<br /> i Borrower sl�all prompdy discharbe any lien which hau prie�rity over this Security Inswnietu unless Bonower: (a)agrees in • ; ;;.
<br /> wriGa to the a ient of the obli�ation secured b d�e lien in a ma�uier acce table tc�lxnder. (b)contests in *aod raith tlie lien "�����'��� •
<br /> � S P Yn b Y P ' b •.:•�;_.. .,,, :_ :
<br /> by, or defends against enforcenient of the lien ii�. leg�l proceedings which in the Ixnder's ��pinion operare to prevent the �" "
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<br /> enforcement of the lien; or(c)secures froin the hulder of the lien an agreement�atisfactory to Lxnder suhordit�aqng the lien to
<br /> this Securiry Instrument. If Lxnder detemiines that :uiy patt��f ehe Prc�peny is subject tu a lien which niay attain priority over
<br /> ' diis Securiry Instrument, Lender may give Borrower a uotice identifyitty the lien.Bc�rtower til�all satisi'y die lien or take une or
<br /> niore of'the ac;tio��.ti set ti�rth above within 10 days e�f the giving of notice.
<br /> - i Form 3028 9190 I
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