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<br /> TOGL'•TH�Ft WITH idl thc impruvcmcnts now on c�reaftcr crectcsl un thc priiperty. nnd all c;�ycmcnt�, uppurtenuncc,, auid %-�'
<br />- r fixtures now on c�rcaftcr �i part uf thc propeny. AU rcplucentcn►s i►nd udJiti��ns shnll al,u hc ruvcrod hy this Sccurity -_
<br /> Instrumcnt. All uf thc forcgning is refcrrcd to in this Security Instrumcnt iiti thc"f'roperty•" �
<br /> BORROWER CQVBNANTS thut Borrowcr is luwfully sciscd of thc cstutc hcrcby cunvcycd und hii+thr riyht tu grunt and _,
<br /> • �� convcy thc Pmperty und that thc Property is unencumbered, exccpt for cncumbrunces of rac��rd. Borrowcr wurrants i►nd will �.
<br /> ' dcfc�id gencrully thc tidc to thc Property uga�inst ull claims and dcmandti,subject ro uny encumbrunccs uf ru:��rJ. _
<br /> ���y THIS SECURITY INSTRUMENT combines uniform coven�nts fnr nutionul usc and non-uniform covenants with limited _..
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<br /> } variatians by jurisdictinn to constitute a unifnrm security instrument covering rettl propeny. _
<br /> + � UNIFORM COVENANTS. Borrowcr nnd Lcnder covenant and agrce us fallows: —
<br /> 1. Feyment of Princtps�l and Interest; Prepuyment and Lnte Charges. Barro�ver shull prompcly pay wlien duc thc —
<br /> �. principnl of and inteeest on the debt evidenced by the Note and any prepnyment and late charges due under the Note. __
<br /> 2. Funds for Tuxes nnd Insurance. Subject ta Applicable law or ro a written wxiver by Lt;nder, Borrower shall pay to _
<br /> Lcndcr on the day monthly payments are due under thc Note,until the Notc is paid in full,u sum("Funds")fur: (u)ycarly taxes _
<br /> and assessments which muy attain priority over this Security Instrument us a lien on the Property; (b)yearly leasehold payments
<br />-;i, � or ground rents an[he Property, if any;(c)yearly hazard or property insurnnce premiums;(d}yearly fload insurance premiums,
<br /> „ ' if any; (c)ycarly mo�t�,age iusurance prcmiums, if any; and (Q any sums payable by Borrower to l.cnder, in accordance with
<br /> •- the provisions af pxragraph S, in lieu of the payment of mortgage insurance premiums. These items ure culled "Escrow Items."
<br /> . Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> n..,,,. .,_,.. . related mortguge loun may require for Borrower's escrow account under the federnl Real Es[ate Settlement Procedures Act of __
<br />_ » ' 1974 as amended from time to time, i2 U.S.C. Section 2601 er seq. ("RESPA"), unless another law thut upplies to the Funds
<br /> sets a lesser amount. If so, Lender rnay, at any time, collect and hold Fwids in an umount not tu exeeed the Iesser amount. _
<br /> � ��'.y. : Lendcr may estimate the amount of Funds due on the basis of current data and re�onable estimates of expenditures of future
<br />_�.�:.;�. ': Escrow Items or otherwise in accordance with applicable law.
<br />-::�.'". �� The Funds shall be held in an institution whosc deposics are insured by a fcderal agcncy, instrumentality, or entiry
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<br /> ,:,,;. (including Lender, if L.er.der is such an institutiun)or in any Federal Home L.oan Bank. Lender shall apply tbe Funds to pay e
<br />�F?f'.":�:`'����.?' Escrow Items. Lsnder may not charge Borrower for holding and upplying the Funds,nnnuully anulyzing the escrow account,or
<br />� ' -- vc�ityi��b t�e G�crou I.:.ms,ualcss 1-�•"•'!�z Y=;`g`•'r�"w�T inr�rce�on nc�Funds and applicable law permits Lender to makc such
<br />�,��1`' •• a charge. However.Lender may requirc Borruwcr to pay a onc-time charge for an independent real cstate tux repoRing service
<br /> ::;'�'�•, ' used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agre;ement is made or
<br /> �:-:: .,,�y....
<br /> �• • �•: . applicablc law requires interest to be paid,Lender shall no[be required to pay Borrower any interest or camings on the Funds.
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<br /> = fi;,t��s�•'• Borrower and Lender muy agrce in writing, however,that interest shall be paid on the Funds. Lender shall givc to orrowcr.
<br />'���:t'��'S: without charge, tm nnnual nccounting of the Funds, showing credits And debits to the Funds and the�u�pose for which each
<br />�`��- debic to the Funds wus mad�.The runds are pledged as additiona!security for all sums secured by this Security Instrument.
<br /> _-�,y� If the�unds held by Lender exceecl the amounts permitted to bc held by applicable law,Lender shnll account to Boreower
<br /> for the excess Funds in accordance with the requirements of applicnble law. If the amount of the Funds held by i.ender at any
<br /> -- _=-'-='� time is not suf�cient to pay the Escrow Items when due, I.ender may so notify Horrower in wdting,and,in such c�sse Borrower
<br /> — shall pay to Lender the amount necessary to mnke up the deficicncy. Borrower shall make up the deficiency in no more than
<br />��'"'-� twelve monthly payments,at I.ender's sole discretion.
<br /> __�i= Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br /> ------- Funds held by I..ender. If,under paragraph 21,Lender shall acquirc or scll the Property,Lender.prior to the acquisition or sulc;
<br /> -------°--�— of the Property, shal!apply any Funds held by Lender at the time of acquisition or sale as a cre;dit ugainst the sums secured by
<br /> this Security Instrament.
<br /> -- 3.Appllcntion of Payments.Unless applicable lnw provides othenvise,all plyments rcceived by I.ender under paragruphs
<br />_--��-� 1 and 2 shall bc applied: first, to any prepayment charges due under the Note: second,to sunounts payable under pnmgraph 2;
<br />- -._ third,to interest due;fourth,ta principal due;nnd last,to any late charges due under the Note.
<br />�=�� 4. Charqes; Liens. Aorrower shnll pay all taxes, assessments, charges, Rnes und impositions attributable to thc Property
<br /> - — which may attain priority over this Security Instrument. and leasehold payments or ground rents, if any. Borro�,+er shall pay
<br /> _s• --- � thesc obligations in the manner provided in paragraph 2. or if not paid in that manner, Bono�vec shal!pay them on time directly
<br /> --= to the person owed payment.Bonower shall promptly furnish to Lcndcr all notices of amounts to be pnid under this pamgraph.
<br /> :w-�:l,,�,� If Borrowcr makes these payments dircctly,Bonower shall promptly fumish to Lender receipts eviden:ing the payments.
<br />___=_��� Borrower shall promptly discharge any lien�vhicl�has priority over this Security Instrument unless Borrower: (a)ugrees in
<br />--"`�``_�P`'P�_ writing to the payment of the obligation secured by the lien in a manner ucceptable ro Lender;(b)contests in good fnith the lien
<br /> --i;s;;��� by, or defends against enforcement of the lien in, legal procec:dings which in the Lender's opinion o p erate to prevent the
<br /> —����'�'�� enforeement of the lien:or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
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<br /> _-.-•�..,. .,,�,.. this Securiry Ins2rument. If I.ender determines thut any part of the Property is subject to a lien which may attain priority over
<br /> �''�;`�,��'-_ thls Security Instrument, I.cnder may givc Borrotver a nnticc idcnti('ying tl�c licn. Borrowcr shall satisfy the licn or take one or
<br /> _- :•',,:w�,. � more of the actions set forth above within l0 days of the giving of notice.
<br /> :.��.�. ,r_;�', �. Fo�m 3028 9190
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