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<br /> ' TOGECI{ER WTfti all the improvemenu now or hereafter erectQd on the property.and all eacements.appurtenances.and i `,. �.` • `:.A'1
<br /> � fixtures now or heceafter a part of the property. A11 replacements and addia°n� s��11 atso be covered by this SecuritY 1 c
<br /> • I n s t r u m e n t.A l l o f t h e f o r e g oi n g is referred to in this Security Inscnunent as the"Property° .
<br /> � ' " BORROWER COVEtVANTS that Borrower is la�vfully sei.ced of the estate hereby oonvey e d an d h a s t he ri g l�t to g r a n t a n d . . ,::•`,
<br /> _' �-s�� convey the Propeity and that the Property is unencwnbere�.except for ertcumbrances of record. Borrower warranu and will . -�. .
<br /> •-_�.��. •�'• ,4•' ` I
<br /> : < <' - , defend generally the tide to t he P r operty aga'snst all claims and desnands.subject to any encumbtances of record. , �_� '•
<br /> --�- '`--`�_� THIS SECURITY INSTKUMENT combines usuform covenants for national use and non-uniform covenants with limited :;:r; � S .`�. .
<br /> ".� ' - , variations by jurisdidion to oonstitute a unifarm security instrument coverin�real�pw peny `-�, ,'�`h'.'
<br /> � � � � iJNIFORM COVENANTS.Borrower and L.ender covenant and agree - • �
<br /> � . I. �ayment of Frincipal and interest; PrePapment and I.ate Ct�ar�es. Sorrower shall promptly pay when due the . , '
<br /> .� �,� , principal uf and interest on the debt evidenoed by the Note and any prepaymetrt and late charges due under the Note. � . .�
<br /> • • •'% '' 2,Fands for Taxes and 1nst�raace- Subject to applicable law or to a written waiver by I.ender. Borrower shal!pay to � •
<br /> earl ta�ces � . ` `,
<br /> � .` ;,�4 Lender on the day montlily payments are due under the Note.uatil the Note is paid in full.a sum("Funds")�°�o d a ments � � (.�-.
<br /> �� a n d a s s e ssments which ma y attain prioriry over this Security Instrument as a lien on the Property: (b)Year1Y P Y � . �,.•.:�
<br /> .,- . ' � or ground rents on the Property.if any:(c)Year1Y hazard or property insurance premiums:(d)YeaT ly floa d insurance g r e m i u m s. _—
<br /> t � ��niums, �f an anrl(�any sums payable by Borrower to L.ender.in accordance with �
<br /> �, . ��. ,, if an y:(e3 Yearly mortgage insuraztce P Y� . ---
<br /> , - • the provisions of pa:agraph 8.in lieu o f t he payment o f mo rt g a g e i n s u r a n c e p r e m i u r n s•T h e s e i t e m s a r e c a l l e d"Fscrow Items•" ,t i . _
<br /> ' ` � i.ender may,at any tirae, rnllect and hold Fands in an amount not to exceed the maaimum amount a lender for a federally —
<br /> � • � related ciwrtgage loan may require for Borrower's escrow accouat under the federal Real Fstate Settlement Procedures Act of
<br /> . . . '` 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RFSPA"),unless another law that appltes to the Funds
<br /> •-•• • - --i`=a.�� sets a lesser amount. if so. Lender may. at any time, collect and hold Funds in ao amaunt not to exceed the lesser amount. ^ _ _
<br /> • ,. • ,.:.��{i'., L.ender may es6mate the amount of Funds due on the basis af current data and reasanable estimates of expenditures of future : ���^- -
<br /> - °�•��s=' Fscrow Items or otherwise in accordance wit!►applicable law. ' '� '= __
<br /> ' � ���� The Funds shall be held in an insritution whose deposits are insured by a federal agency. instrumental�cy. ar entity � . : -��
<br /> �. �_;.;;; .-, (including Lender,if I.ender is suc h an institution)or i n a n y F e d e r a l H o m e L o a n B a n l c.L ender shall a p pl y the Funds to pay the � � �r��=�
<br /> • a. Escrow Items. Lender may not charge Borrower for hotding and appfying the Funds.annually analYzinS the escr°W ace°u�t,or `�+! 2.
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<br /> ` ` verifyi�g the Escrow Items.unless Lender pays Barrower interest on the Funds and applicable law permits i.ender to make sach � �
<br /> �; . � � � a charge. Hoae�;rr,Lender may require Borrower to pay a one-time cf+arge for an independeat real estate tax reporting service � �..., , � ��
<br /> ' ment is made or � � �
<br /> ' �' . used by Lender in connection with this loan. unless applicable law provides otherwise. Unless an agme ,� �-
<br /> ' .';�.:��t • .�' a�Iicable!aw requires inter�s:to be paid.T..ender shall not be required ta pay Borrower any intetest or eamings on the Funds. ' ,��
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<br /> � • � Horrower and Lender may agc�e in wriring.however. t t i a t incerese s h a l l be p a i d o n t h e F u n d s. L e n d e c s h a l l g iv e to Borrower. t�.�fr;;� '_=
<br /> • � ���. nds shocvin credits and debits to the Funds and the pwpose for which each ��_.
<br /> • .: � .�.;.$� without char�e.an annual accounting of the Fu . g —
<br /> �� �'� debit ta the Funds was made.The Funds ara pledSed as additional security for all sums secured by this Security Instrument. �""�.
<br /> � � ��� 1f the Funds held by I.endes exceed che amounts pemutted to be held by applicable law,Le�nder shall account to Boaower _�
<br /> � � • for fhe eacess Funds in accordance with the requirements of applicabte law. If the amount of the Funds hetd by Leader at aTry ;s t ��,
<br /> � time is not sufficient to pay the Escrow Items when due.Lender may so notify Boaower in writing.and.in such case Borrower s��
<br /> � , � �. shall pay to I.�:�er the amount necessary to make up the defrciency. Borrower shall make up the deficiency in na more than ,-;^,:,�•:T
<br /> � � twelve monthl}payments.at Lender s sole discretion. :''�`��
<br /> .', � ' ' Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrowes any .,�
<br /> � Funds held by Lender.li,under paragraph 21,l.ender shall acquire or sell the Property,Lender,prior to the acquisition or sale __
<br /> � ' of the Property.shall apply any Funds held by Lender at the time af acquisitian or sate as a creslit against the sums secured by .• ,_�� I,z+��
<br /> � . � 'f� . this Securiry Instrument. �'..�'
<br /> • � 3. Applicatfon of Payments.Unles.c applicable law provides aiherwise.all paymenu received by Lender under paragraphs +_;
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<br /> ����•� 1 and 2 shall be applied: first.to any prepayment charges due under the Note: second.to amounts payable under paragraph Z: .
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<br /> � ' � ``''�°'; third,to interest due:fourth,to principal due:and last,to any tate charges due under the Note.
<br /> � ' 4. Charges: Liens.Bonower shall pay all taxes.assessments,charges,fines and impositions attributable to the Praperty ,
<br /> . � which may attain priority over this Securiry Instrument, and leasehold payments or ground rents, if any.Borrower shall pay, , ,
<br /> - • . these obligations in the manner prnvided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly
<br /> �� � • � to the person owed payment. Borrower�F.all promptly fumish to LerCer aU notices of amuunts to be paid under this paragraph• . .
<br /> � If Borrower makes these paymenu directly.Borrower shall promptly fumish to Lender receipts evidencing the payments• ' , •
<br /> ..�:�'' Borrower shall pramptly discharge any tien which has priarity over this Security Instrument untess Bonawer:(a)agrees in . .,
<br /> ;�•; ; � �.� writing to the payment of the obligation secured by the:'en in a manner acceptable to Lender:(b)contests in gaad faith the lien , . ..
<br /> ' by. or defends against enforcement oi' the lien in. Iegal proceedings which in the L.ender's opinion operate to prevent the E .. . .,
<br /> enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to l.ender subordinating the lien►o
<br /> � this Security Instrument. if Lender determines that any pan of the P:operiy is subject to a lien which may attain priority over � .
<br /> , , , •• � �• this 5ecurity lnstrumcnt. Lender may give Borrower a notice identifying the lien. Borrower sha0 sutisfy the lien or take one or
<br /> more of the actions set fonh above within 10 days of the giving of notice. , .'
<br /> Form 3028 9190 • :
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