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<br /> .I'OGCTflFR WITN ull thc impn,vcmcnts ni�w on c�renftcr crectcd on thc properry, at+�d all ci!tumcntti,appurtcuunccy, und �.
<br /> tixtures now on c�rci�ftcr �� part of thc p�ropci�ty. All replu��en�cnts und udditinns shull nl��� hc ruvcrcd hy thia Sccurity —
<br /> Instrumcnt. All nf'thc Foreg��ing is refcrrcd t�� in this Sccurity instrumcnt ns thc"1'ruperty." -_
<br /> • BORROWEft COV�NAN'PS thnt 13orr��wcr iti luwfully sciticd uf thc r+tutc licrchy runvcycd�md hns thc right tn�:r.uu�md _
<br /> " ,' c�mvcy thc Pruperty cuid thiu thc Praperiy is uncncumhcred, cxrcpt fur encuiiibriuucs �,f rccurd. [iorrowcr wnrrunt� und wili �
<br /> .`�, dcfcnd gcn�ridly tlic�itic tu thc Pruperty against aU claims and drmnnds, tiubjcct Io uny cnrumhramres�,I'rccurd. G
<br /> ,.`�^�;'7" THIS S6CURITY 1N5TRUMGNT comhincy uniform covennnts fur nutionul usc iind nun unifurm ruvcnuntti �4ith limitcd _
<br /> � ��ariutions by jurisdicti��n to c�mstitutc u uniform scruriry instrumcnt covcring runl pr�+perty. _
<br /> .;w,�;,,,';� UNIFORM COVENANTS. Burrau�cr tuid L.�'ndrr covcnunt und ugrcc ux fo��ows: �� whcn duc thc �,.
<br /> °�� ° 1� P��yment of Prhulpul mid Ittitcrest; F'rcpuyment und Lutc Clutrgc,r•. Bormwcr +hull prcnnptly p'y �
<br /> .( principul ot'and intcrest nn thc dcbt cvidcnccd by thc Note und any prepuymcnt und lute rh�irgcs due undcr thc Nota �
<br /> Z. Etinds fu��Taxes and Dnsurunee. SuUject t�� applicable luw ��r to u written wniver by I..ender, Aorrower shull pay to —
<br /> � � l.cnder on thc Jay monthly puymcnts u�e due under thc Notc,until thc Nutc is paid in full,ii sum("Funds")(or: (i►)yet►rly taxes _
<br /> � � ,. and asscssmcnts which m,ry uttuin prioriry ovcr this Sccuriry[nytrument us i� licn on thc Property:(b) yr�rly la�schol�payments _
<br /> "� or graund rents on the Properry, if any: (cl yearly huzurd or property insurance premiums:(d)Yearly flaod insuri�nce prentiums, _
<br /> if any; (c) yc:irly mortgagc insurancc p�rmiums, if uny; und(t� uny sums puynble by sorrowcr tn L.cndcr,in uccc�rdancc with `
<br /> �' • ' the provisions ot paragraph 8, in licu of the payment af nwng��gc insuruncc prcmiums.Thcsc itcros urc c:►Ued "Escraw Itcros." _
<br />''`;l;:'•;��t ` I.ender may, at uny timc. collcct und hold Funds in an umaunt not to exceecf the m�ucin•�um umount n Icndcr for a fedcraUy
<br />.:�•.:.': .
<br /> �%4, r' : ��elnted mortgage loan may require for Borrower s escruw uccount under the federal R�al Estnte Setdement Procedures Act o
<br /> _'"`;'.;'_t, ' 1974 ns amended from time ta time, I�U.S.C. Se;ction 2601 et.sey. ("RESPA"), unlcss unotl�er luw that applies to the Funds
<br /> �� • sets u Icsser umount. If so, Lender muy,at any time, collect and hold Funds in un amount �iot to exceed the Iesser umount. _
<br /> Lendcr may estimatc thc amount of Funds due on the basis of current dutu and reusonuble cstimates of cxpcnditures of future s
<br /> `�'°"'��'•� Escrow Items or othcrwixe in uccordunce with upplicable law.
<br /> - - � � The Funds shall be held in an institution whosc dcposits arc insured by a federui ngency, instruntentality, or entity
<br /> ���:-=;�+`.
<br /> - (including I.cnder,if L.ender is such un institution)ar in any Fedcrul Homc Loan Bunk, Lcnder shall upply tlic Funds to pay the
<br />�•:I;����;., Escrow Items. Lender may n��t churge Borrower for holAing and applying thc Funds, annunlly�inalyzing tlie escrow accouut, or
<br /> �;:r.Ht+�� .
<br /> :�.�-_1 � verifyin�the Escrow Items, unless Lcnder pUys Borrower interest an the Funds and applicablc law pennits Lender to uiake siic
<br /> �v:�xy� n charge. However,Lendcr may reyuire Barrowcr to pay a onc-time chnrge for an independent real estute tax•rcponing servicc
<br /> �_--,�:°rY:;r�.� uscd by Lender in conncction with this I�un, unless applicable la�v provides otherwise. Unless an agrcement is made or
<br /> __R__��:. - applicnble law requires inceres[co oe p:siu, Lx�i�ic�st-�att r��:�c rr.,uir�t^r?; a�rT�wer nny interest or earninfis on the Funds.
<br /> __'_`-'�� Borrower and I.ender may a�rec in writing, however, that interest shall be paid on thc runds. I.ender shull give to Barrower,
<br /> =-�,°�•"_�r.cs�+?� without charge, an annual accounting of the Funds, showing credits und debits to the Funds and the parpose for which each
<br /> � debit to the Funds was mnde.The Funds are pledged as ndditionAl security for all sums secured by this Security Instrument.
<br /> ---=�- — if the Funds held by i.ender exceed the nmounts permitted to be held by applicable law,C.ender shall accuunt to Borrower
<br /> - - - --� for thc cxcess Funds in nccardance with the requirements of applicable law. If the amount of the Funds held by L.ender nt any
<br /> time is not sufficicnt to pny the Escrow Items when duc,Lcnder inay sa notify Borrower in writing. a��d. in such cuse Borrower
<br /> -- shall pay to I.ender�he wnount necessnry to make up the deficiency. Borrower shall muke up the deficiency in no mor�t han
<br /> '��""""— twelve monthly payments,ac Lender's solc discretion.
<br />- ---�� Upon payment in full of all sums sccured by this Sccuriry Instrument, Lender sliall Rromptly refund to Borrower uny
<br /> -- Funds hcld by Lender.If,under parasraph 21, Lender shull acquire or sell the Property, Lender,prior to ttie acqulsition or sale
<br /> of the Property, shall apply any Fundc held by Lender at the time of acquisition or sale as a credit aguinst the sums secured by
<br /> this Security Instrument.
<br /> "``'� 3.Appltcatton oP 1'ayments.Unless applicable luw provides otherwise,all payments rcceived by Lender under p3rngraphs
<br /> _�=--- 1 and 2 shaU be applieJ: first, to any prepayment charges duc under the f�iote; second, to�unounu paynble under paragraph 2;
<br /> third, to interest duc; fourth.to principal duc;und IASt,to any late charges due under the Note.
<br /> _-- 4.Chargcs; Liens� Borrowcr shall pay all taxes,assessments, charges, fines and impositions nttributable ro the Property
<br /> --- "'-� which roay atw+n priority over this Sewcity Instrument, and leasehold payments or ground rents, if any. �orrower sh111 p�y
<br /> - these obligatious in the manner provided in puragraph 2,or!f not paid in that manner.Bortower shall pay them on time directly
<br /> to the person owed p�yment.Aorrower shall promptly fi�rnish to Lender all natices of amounts to be paid under this paragraph.
<br /> — - If Borrower mnkes these paymetxts directly, Bonower shall promptiy furnish to Lender receipts evidencin�the payments.
<br /> Horrower sl�all promptly discharge any lien whicl�has priority over this Security Instrument unless Borrower:(a)ugrees in
<br /> �_-- writing to the payment of the obligation secured by tha lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br /> --_ - by, or defends agninst enforcement of the licn in. Iegal proce,edings which in the L.ender's opinion operate to prevent the
<br /> enforcement of thc lien;or(c)sccures from tlic holdcr of thc licn an agrcemcnt satisfuctory to Lendcr subordinating tlie lien to
<br />_— �=- this 5ecuriry Instrument. If Lender determines thnt any purt of the Pmperty is subject to u lien which may atu►in priority ovcr
<br /> - this Security Instnmient, L.ender may give Borrower a noticc identifying the licn. Bon•ower shall satisfy the licn or tukc one or
<br />=-r�"�!�."�• ntore of the actions sct forth above within 10 days of the giving o�'notice.
<br /> ='-%��+=r� Form 3028 9180
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