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<br /> I 'IYXifi1'I�R W1TH all thc improvemcnts now on c�rcaftcr crected on thc property, and all cascment�;a�p��!'cL'H�►�S� and ..
<br /> � Cutures now on c�rcaftcr a part of the property.AU rcplaccmcnts and addittons shaU also bc covcred by tt�is Sccurity Inatrumen� . ; _
<br /> All of the foregoing is rcfcned to in this Sec;urlty Instrument as ihe"Property."
<br /> ' BORROWER COVENANTS ihat Bonower is lawfuUy seised of the estate hereby convcyed and has thc rlght to grant and •�
<br /> „ � comey ihc Yroperty and that �he Property is uncncumbcrcd, cxcept for encumbtances of rccord.Bortowcr warranis and will ,
<br /> defend generaUy the dde to the Property against all claims and demands,subjest to any encumbrances of record. ,.,�:.
<br /> •� ' THIS SECURITY INSTRUIv�NT combines uniform covenants for nauonal usc and non-uniform covcnants with limitcd . . . -.
<br /> � . "`- � variations by jurLsdlcdon to constiwte a uniform security instrument covering real property. � :�;'•-,).,,•- �,"°���. .-
<br /> I UIVIFORM COVENANTS.Borrower and L.ender covenant and agrce as follows; �,:Ys:,:l�;,:�;:�j>•�
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<br /> � 1.Payment of Princlpal und Interest;Prepayment and Late Chnrges. Borrowcr shall prompUy pay whcn due thc �-�►�' �'�-^'_,
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<br /> i principal of and intcccst on the debt evidenced by thc Nate and any prepayment and latc charge.�due undcr the Notc. =�___ �
<br /> Z.Funds tor Taxes stnd Insurance. Subject to applicable law or to a wriuen waiver by Lender, Borrower shall pay to -':.`A��.
<br /> Lcnder on thc day monthly payments arc due under the Notc,until the Note is psid in full,a sum ("Funds")for:(a)yearly ts�xes , :�
<br /> � and assessments which may attain priorlry over this Security Instrument as a licn on the Property:(b) ycarly Ieasehold payments :;.
<br /> or ground rents on Ihe Prop�rty,if any:(c)Yearly hazard or property insurance premiums;(d) yearly flood insurance premiums,if �"="'�
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<br /> � any;(e)yearly mortgage�nsurance premiums,if any:end(� any sums payable by Borrower to Lender,In accorclance with the ...,;�__
<br /> � provisions of paregraph 8, in lieu of the payment of mortgagc insurance premiums. Ttiese items arc called "Escrow Items." ^�^��!?`
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<br /> I.ender may,at any dme,collect and hold Funds in an amount no!to exceed the maximum amount a lender for a federally related :�:.-
<br /> mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act o�' 1974 as .`___-=
<br /> amcnded from dmc to time,12 U.S.C.Seclion 2601 et seq. ("RESPA"),unless another law that appUes to the Funds sets a lesser �"��-_�
<br /> ;, amounG If so. Lender may, at any pme,collect and hold Funds in An amount not to exceed the lesser amoun� Lender may
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<br /> - estimate thc amount of Funds due on the basis of current data and reasons�ble estimates of cxpenditures of future Escrow Items or �;,;4;�=a�4
<br /> otherwise in accordance with applicable law. F .�`;`,
<br /> � The Funds shall be held in an institudon whose deposits are insured by a fedcral agency, instrumentality,or enttty(including '-aT�'�
<br /> L.ender,if Lender is such an instiWtion) or in any Federal Homc Loan Bank. L,ender shell apply the Funds to pay the Escrow ;���: ,,
<br /> Items.L.ender may not charge Borrower for holding and applying the Funds,annoally analyzing the escrow account,or vertfying ��;�?�,�__
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<br /> � the Escrow Items,unless Lender pays Aorrower interest on ihe Funds end applicable law permits I.ender to make such a charge. .,---=_ �
<br /> However,I.endcr may require Borrowcr to pay a one-time charge for an independent real estate tax reportin8 sen'ice used by �.-�-��-�
<br /> _ �- Lender in connecdon with this loan.utiless applicablc law providcs utl►CrwLie. i�ntG�.s at►agttxmtrtL i:msd�or 8ppli�8ble ]ew =—
<br /> � requires incerest to be paid,L.ender shall not be required to pay Boaowcr any interest or esrnings on thc Funds. Bonower and --
<br /> Lendcr may agrcc in writin8,however,that interest shell be paid on thc Funds.Lcnder shaU give to Sorrower,without charge,an ___
<br /> � annual accounting of the Funds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br /> • made.The Funds ere pledged as addidonal security for eU sums secured by this Security Insuument � __
<br /> If the Funds held by I.ender excced the amounts permitted co be held by applicable Iaw,L.ender shall account to Borrower for _
<br /> � the excess Funds in accordance with the requirements of applicable law.If the amount of the Funds held by Lender at any time is `y.�
<br /> :1 not sufCcient to pay ihe Escrow Items when duc,Lendcr may so notify Bonower in writing,and,in such case Borrower shaU pay
<br /> ►`". to Lender the amount necessary to make up the deficiency. Banower shall meke up ihe deficic�icy in no more than twelve R _
<br /> �: monthly paymenu,at I.ender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shall prompUy refund to Borrower any Funds
<br /> '�• held by Lender. If,under paragraph 21,Lender shall xquire or scU the Property,Lender,prior to the acqaisidon or sale of the ___
<br /> Property,shall apply any Funds held by Lender su the time of acquisition or sale as a credit ageinst the sums secured by this __
<br /> Securiry InstcumenG ---�
<br />_. 6 3.Appllcation ot Payments. Unless applicablc law provides otherwise,all payments rc�eived by Lender under paragraphs
<br />- f 1 and 2 shall be applled: fust,to any prepayment charges due under the Note;second,to amounts payabla undor'paragraph 2; �' -
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<br /> third,to interest due:fourth,to principal duc;and 1ast,w any Iate chazges due under the Note. r ---
<br /> - � 4.ChargPS;Liens. Borrower shaU pay all taxes,assessments,charges, fmcs and impositions aaributable to the Property - �- - -------- -
<br /> �v h ic h may auain priori ty over t hi s S e c u ri ty I n s t r u m e n t,a n d l e a s e h o l d p a y m e n t s o r g r o u n d r e n t s,i f a n y.B o r r o w e r s h a l l p a y t h e s e �.4-;
<br />- • obligadons in the manner provided in paragcaph 2,or if not paid in that manner,Borrower shall pay them on time direcdy to the —
<br /> - � person owed paymen� Borrower shall prompdy furnish to L.ender all noaces of amounts w be paid under this paragraph. If � ,��- --
<br /> Borrower ms�lccs thcsc payments d'uectly,Borrower shall prompdy fumish to Lender receipts evidencing ihe payments. . -�.��
<br /> - Borrower shall promptly discharge any lien which has priority qver this Se�urity Instrument unless Borrower:(a)agrees in �;
<br /> , writing to the payment of the obligation secured by the lien in a manner Acccptable to I.ender;(b)contests in good faith the lien . �
<br /> by, or defends against enforcement of thc lien in, legal procecdings which in the Lender's opinion operate to prevent the �� •r,; � •"-*'�'•
<br /> enforcement of thc licn; or(c)secures from the holder of thc licn an agre�ment satisfacwry to Lender subordinating the lien to � :�. �
<br /> this Security InswmenG If Lender dctcrmines that any purt of the Property is subject to a lien which may auain priority over this . "�''.� ".
<br />� Sccuriry Instrumcn� Lcnder may givc Borrowcr a notice idendfying thc lien. Borrowcr shall sausfy the lien or take one or morc '
<br /> of the actions sct fonh abavc within 10 days of thc giving of noticc. � ��
<br /> Form 3026 9100
<br /> �-BR(NE)te2�si.oi anoezoie �n�uais:
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