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<br /> � 38- ���1319 � �l
<br /> TOGETHER WITH all thc improvcmcnGs now on c��cuftcr crcctcd an thc propcny,und ull casemcnts,appurtcnonces,and �
<br /> � fixtures now or hercaftcr a part of thc property. All teplacemcnts and additians shall aL�a bc cuvcrcd by this Security Instrumcn� '
<br /> � All of�hc foregoing Is rcferred to in this Security Insvumcnt as thc"Property." =
<br /> � BORROWER COVENANTS that Harrowcr is lawfully scised of thc cstatc hcrcby convcycd and has thc ri�ht to grnnt and '
<br /> � canvey the Property and that the Praperty is unencun�bered,cxcept for encumbranees of record.Borrower wamints and will �
<br /> defcnd gencrally the tidc w the Property against sill claims and demands,subjcct to nny cncumbrancc.9 of rccord. �
<br /> THIS SECURITY INSTRUMENT combines uniform covcnents !or naponal use and non-uniform covenants with limited �
<br /> variations by jurisdlcdon to constitute a uniform sccurity instrumentcovering real property.
<br /> UNIFORM COVENANT'S.Borrower and I.ender covenant and agree as follows: � �� •.
<br /> � 1.Payment of PrincipAl and Interest;Prepayment and Late Charges. Borrowcr shall prompUy pay when duc the : �`
<br /> principal of and interest on the dcbt cvidenccd by the Notc and any prepaymcnt and latc charges duc undcr thc N�te. ' ��,_A_�
<br /> 2.Fuads for Taxes and Insurance. Subject to applicabla law or to a wrltten waiver by l.ender, Borrower shall pay to
<br /> I.cndcr on �he day monthly payments ere duc undcr thc Note,unql the Note is paid in full,a sum("Funds")for:(a)ycarly taues �
<br /> and assessments which may attain priority aver this Security Instrument as a licn on the Property;(b) yearly Ieasehold payments � '�,:��_`
<br /> ar ground renu on the Property,if any;(c)yearly ha•r.ard ar properry insurance premiums;(d)yearly fload insuranw prcmiums,if � �
<br /> any;(e)yearly mortgage insurance premiums,if any; and (�any sums payable by Borrower to Lcnder,in accordance with the •
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insarance premiums. These iLems are called "Escrow Items." __
<br /> Lender may,at any time,collect and hold Funds in an amount not to exceed the maximum amount n lander for a federally rclateci
<br /> � mortgage loan may require far Borrower's escrow account under the federal Real Estate Seulement Procedures Act of 1974 as (
<br /> amcnded from time to time, 12 U.S.C.Secuon 2601 et seq. ("RESPA"),unless another law that appGes to the Funds sets u Icsscr � _
<br /> amounG If so, L.endcr may, at any time, collect and hold Funds in an amount not to excecd thc lesser amount Lendcr may �
<br /> � estimate the amount of Funds due on the basis of currcnt data and rcasonable estimmates of expendiUUes of future Escrow Ttems or '
<br /> �: otherwise in accordance wiuti applicable law. i ��
<br /> , The Funds shall be held in an instiWtion whose deposits are insured by a federal agency,ins�umentelity,or endty(including ; �,,_
<br /> Lender,if I.ender is such an insdtutIon) or in any Federal Home Loan Bank. I.ender shall apply ihe Funds to pay the Escrow I .4��
<br /> •, Items. Lender may not charge Borrower for holding and applying ihe Funds,annually analyzing the escrow account,or verifying �'^�'
<br /> the Escrow Items.unless Lender pays Barrower interest on the Funds and applicable law permits Lender to make such a charge. "`
<br /> Howevcr, Lender may requira Borrower to pay a onc-dmc chargc for an independcnt rcal estate ia�c rcporting service used bv '°��t, • :';;+�_
<br /> - Lender in connection with this loan,unless applicable law provides otherwise. Unless an agreerncnt is madc or applicable law �':°""
<br /> requires interest to be paid,Lender shall not be requ'ued to pay Borrowcr any interest or eamings on thc Funds.Bonower and � : ��:; •'��"
<br /> Lender may agrce in writing,however,that intcrest shall be paid an thc Funds.Lendcr shall give to Borrower,without charge,an �� �
<br /> annual accounting of ihe Funds,showing credits and debits to the Funds and the purpose for which each debit to the Funds was E � ����-
<br /> made.'Il�e Funds arc plcdgcd as additional securiry for all sums secured by this Security Instrumcnt, C t .:
<br /> � If the Funds held by Lender exceed the amounts permiucd to bc held by applicable law,Lendcr shall accaunt to Borrowcr 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 .`�`
<br /> not sufGcient to pay the Escrow Items when due,I.ender may so norify Borrower in writin�,and, in such case Borrower shall pay � �:�'��—
<br /> to I.ender the amount neccssary to make up thc deficiency. Borrowcr shall makc up thc deficicncy in no more than twclve �s3�=-
<br /> monthly payments,at Lender's salc discretion. ��
<br /> Upon paymcnt in full of all sums secured by this Securiry Inswment,I.endcr shell prompdy rcfund to Borrower any Funds ---
<br /> held by Lender. If,under paragraph 21,Lender shall acquirc or seU thc Property,Lendcr.prior to the acquisition or salc of the
<br /> �� Property,shall apply any Funds held by Lender at the time of acquisidon or snle as a credit against the sums secured by ihis _ _
<br /> Security Instrumen�
<br /> 3.Applicatton of Payments. Unless applicab(c law providcs otherwise,all payments received by I.cndcr undcr paragraphs �•��=�
<br /> � 1 and 2 shall bc a hed: Cust, to an re a ment char es due under the Notc;sccond,to amounts a able undcr ard a h 2• `�'�-"�"�
<br /> PP� Y P P Y b P Y P bn P � r;4.�.,..�.�.,,,r
<br /> third,to intcrest due;faurth,to principal due;and las4 to any late charges due under Lhc Notc. - -
<br /> �� 4.Charges;Liens. Borrower shall pay all taxes, asscssmcnts,chargcs, fines and impositions attributable to thc Property -_ -- _
<br /> which may ausin prioriry over this Scxurity Instrument,and lea.cchold payments or ground renu,if eny.Borrower shall pay thesc '�
<br /> � obGgations in the manncr providcd in paragraph 2,or if not paid in that manner,Borrowcr shall pay them on time direcdy co thc :
<br /> .'�`.:.
<br /> � person owed paymcnt. Borrowcr shall pmmpdy fumish to Lcndcr all nouces of amounts to bc paid under this paragraph.If ��;•� • ���:��i� .
<br /> Borrower makes thesc payments direcdy,Borrowcr shall prompdy fumish to L.cndcr rcccipts evidencing the payments. � �'' .
<br /> � Borrower shall prompdy dischargc any lien which has priority ovcr this Sccurity Instrument unless Bonowcr: (a)agrces in
<br /> , writing to the payment of thc obli�ation secured by the licn in a manner acccptable to L.ender;(b)contests in good faith the lien �
<br /> by, or defends against enforcement of the lien in, Iesal proceedings which in the L.ender's opinion operate to prevent the �
<br /> enfarcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory to L.ender subordinadng the lien to �
<br /> this Sccurity Instrumcnt.If Lendcr dctermines that any part of the Propeny is subject to a licn which may attain priority over this !
<br /> Security Instrument,L.ender may give Boaower a notice idenqfying the lien. Borrower shall saUsfy the lien or take one or more
<br /> ot thc actions sct farth abnvc within 10 days of the giving of noticc. I
<br /> . Form 3026 9190 f
<br /> �-HR(NE)IB2t2).0+ Peqe2 018 imuale:
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