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<br /> 4 'i'aGETI�R WI'TH all the improvemeuts now or hereaftrr erected on thc properry,and all easements,appuitenan�sand -r
<br /> � f i x w r e s n o w o r h e r r a f t e r a p a rt e f t h e p r o p e r t y.A 1 1 r e p 1 a c e m e s i t s and addirions shall also be covercd by this Security Instrumcnt �
<br /> All of the faregoing is referred w in this Security Insuument as the"Property." _.
<br /> j BORROVNER COVENANTS thai Bnnower is lawfully seised of the estate hereby conveyed and has the right to grant and : _�
<br /> convey the Propaty and thac the Property is unencumbered, exccPt for encumbrances of rcxord. Borrow..r waaants and will : . .
<br /> � defead generally the dde w the Property against all claims and deinands,subject to any encumbrances af record. .z:-
<br /> �., THIS SECURTTY WSTRUA/1�[V'C combines uniform covenants for natit�nal use and non-uniform covenants with limited :• � `
<br /> . variations by jurisdiction to constiwte a uniform secarity instrument coveaing reaI property.
<br /> ; UN�ORM COVENANTS.Bonower and I.ender covenant aud agra as follows: • _
<br /> 1.Payment of Psincipal and Interest;Prepayment and Late Charges. Bonower shall prompily pay whea due the ; .
<br /> " principal of and interest on the debt evideaced by the Note and any prepaymer►t and late charges due under the Note. , •
<br /> " 2.Foads for Taxes and Ynsuranc� Subject to agplicable law ar to a written waiver by L.ender, Borrower shall pay to ; .` .=
<br /> ' Lender on the day montlily payments are due under the Nnte,until ihe Note is paid'm full,a sum("Funds")for.(a)yearly ta�ces . ��'-
<br /> and assessmeats which may atrdin priority ov�this Security Instaument as a fien on the Property:(b)Yeariy leasehold payments , , .
<br /> • or gro�d rents on��Property,if anY:(�)Y�Y�d or properiy ins�rance premium�(d)Yearly flood insurance premiums,if • . .. .�.�:
<br /> anY:(e)YeariY mort�a;e inc�rance premiums,if any;and(�anY sums PaYablC by Borrower to Len.'er. w�ccorc'+nce witt thc , . .• —
<br /> . ptovisions of paragr�h 8, in lieu of the gay�t of mongag� ;nc�,.A��e p�.,minms.These items are-^•..�:r� "Escrow Items." . � .
<br /> I.enda may,ai anY time,collect and hold FuYrs m an amount not w exceed ths mazimum z:nount a lens'��. for a fec�raa.'�y relaied ; . . .
<br /> ' mortgage toan may require for Bc�Rer's escrow aixount unclea the fedeial Reat Estate�.,:.lement Avicedures Act of 1974 as : , .
<br /> amended from time to time,12 U.S.C.Searon Zb01 et seq. ("RESPA").unless another law e�2 applies t3 the Funds sets a lesser � � �$=�
<br /> amoimt If so,Lender may,at any time.cc�s�:a and hold Funds in an amount noi w excee�l tl�e Ies� amount Lender may ; • • ,. -'�:. �
<br /> ' estimate the amount of Funds due on the basis a�current data and reaSOnable�imafcs of expeaditu�s of��mre Escrow Items or `• • ., � _
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<br /> otheraise in accordance a+ith applicable law. � . . � •,� �.
<br /> 11ie Funds shall be held in an instiwtion whose deposiu are insured by a fedaal age�cy.L�sirumentality,or endty�inc lu d i ng � : ,.� _„-_
<br /> I.ender,if I.cnder is such an institudon)ar in any Federal Ha�ae L.oan Baak.Lender shall apply the Funds to pay the F.scrow , � • : ,;;`:���j;:
<br /> Items.I.ender may not charge Borrowea for holding and applymg the Funds.anuually anaiyzing tlie esccow account,or verifying • , �,. -
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<br /> the Escrow Items.untess Le�cder pays Borrower interest on the Funds and ap�7�cabte law pennits Lender to mak�such a charge. : . , —`
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<br /> ' Howevea,Lender may require Bonower to pay a one�time charge for an i���endent real estate tax reporting service used by � ;' �;i-
<br /> Lender a�wnne�tion with this loa�.unless applicable law prvides oWawise. Untess an�reement is made or a��able law • .. ;r�;,
<br /> requires interest to be paid,Lendea shall not be required to pay Borrower any interest or�niags on the Funds.BQ�wer and •��;; ` : �'
<br /> � I.ender may agree in miGng,however,that inceazst shall be paid on the Funds.Lender sh�give to Bo�w�,without r.�arge.an . • � '#� :;',,.
<br /> annual accounting of the Funds,showu�g crediu and debits to the Funds and the purpos�for whicb eac�debit ro the F�nds was . . ._��,. ..s.�:
<br /> made.The Funds are pledged as addirional security for all sums secured by this Security Is�sm�ment t :
<br /> If the Funds held by Lender e�cceed the amounts penrutted w be held by appticable law�,I.e.ndr�r shall account to B�rrower for �-- • �� - --:.� , °
<br /> the excess Funds in accordance with the requiremearts of appticable law.If the amount of the Funds held by Lender at aay time is ' r. �_
<br /> � not sufficient to pay the Escrow Items when due,Lender may so norify Borrow�er in wribng,and,in such case Borrower shall pay ' :. t =
<br /> to Lender the amount necessary to make up the deficiency. �orrower shall maYe np the deficiency in no more than twelve . %�—�
<br /> " monthly payments,at Lender's sole discrGion. ' �����
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<br /> Upon payment in full of all sums secured by this Seauity Instrument,Lender sl�all prompdy refund w Borrowea any Funds . .. '�'---- --
<br /> held by Lender.If.under paragraph 21.Lendea shall acquiore or sell the Anpe�ty.Lender.prior to the acquisi6on or sale of the . ���
<br /> Pr6perty.st�all apply any Funds held by Lendar at the time of acqnisiaon or sale as a crulit ag,amst the sums secu�!by this . . : Y�
<br /> Secarity Instrument . � .��j .
<br /> 3.ApplicaHon a�ll Paymeuts. Unless applicable law provides otherwise,aU payments received by 9�nder under paragraphs �.'__
<br /> :� 1 and 2 shall be apptied: first,to any prepayment charges due under�he Note:secon4 tD�,-nounts payable undea p�r^,�„9raph 2; ° •:,,:•;����. —
<br /> � � thad,w interest due:fourth,to proncipal dt�e:and last,tn any latE charges due under the h'are. � �-• .:
<br /> 4.Charges;Lien9. Borrower shall pay all ta�ces,assessrnents.charges, fines and impositions awibutable to the Property . �'�*"`_
<br /> ' which may auain priority oder this Security Instrument,and leasshold payments or ground rents,if any.Borrower shall pay these . ; . . .��
<br /> obligations in the manner provided in paragraph 2,ar if not paid in that manner.Borrower shall pay them on time direcUy to the � .
<br /> peason awed payment Borrower shall promptly fumish tn Lender all notices of amounu tn be paid unda this paragraph.If �"
<br /> � Bmrowei r�alces these payments direcdy,Horrower shall promptly fumish to Leader receip�s evidencing the payments. . ;� —
<br /> Homower shall prompdy discharge any lien which has priority over th;s 5ecurity Instrument unless Borrower:(a)agrees in • � .--
<br /> wri6ng to the payment of the obligation seciued by the lien in a manner acoeptable to Lender;(b)contests in good faith the lien , � �
<br /> by. or defea�ds agairsst enforcement of the lien in, legal procce�ings which in the Lender's opinion operate w prevent the : . . • . ,�•,�; ,
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lendet subordinating the lien to =
<br /> this Security Inswment If Lender detem�ines that any part of the Prop�ty is subject to a lien which may attain priori�y over this
<br /> Secu�ity Instrument,Lender may give Botrower a notice idenufying the lien.Borrower shall satisfy the lien or take one or more • . � �
<br /> of�he acdons set forth above within 10 days of the giving of nouce. � � � .'
<br /> Form 3028 9190 �� � . ��•-
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