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<br /> TOGETHER WITH�Il �hc improvcmcnGs now�n c�renftcr encctcd on thc property,and all cuscments, appurtcnanccs, and •
<br /> � fi�dues naw or hereaCter a part of tho property.All replucements and edditions shutl uiso be covered by this Securlty Inswment. � "-
<br /> ' All af ihc forcgoing is refcrreA to in this Security Insirument as the"Property."
<br /> AORROWEK COVENANTS thttt Borrowcr is luwfully scised of thc cstntc hcrcby wnveycd and has�hc right to grant and
<br /> � convey the Property and that the Property is unencumbered, except for encumbrunces of record.Borrower wanants pnd will ..
<br /> defend gene•rally the dde to the Property agninst all claims and demends,subject to uny encumbrnncas of recard.
<br /> ' THIS SECURITY MSTRUMENT combines uniform covenants for national use and non-uniform covenants with limited
<br /> � veriadons by jurisdicdon to wnstiWte a uniform 5ecurity insuument covering real property. ' :
<br /> ' UMFORM COVENAIVI'S.Borrower nnd Lender covenent and agcee as fallows: � • � -
<br /> 1.Payment of Prindpal uad Interest;PrepAyment And Late Charges. Borrowcr yhall prompdy pay whcn duc thc � � .,.
<br /> ' principal of and interest on the debt evidenced by the Note and uny prepayment an d l ate c h a rgea due un der t he No t e. � .;^�:'
<br /> 4
<br /> � 2.Funds for Taxes and Iasurance. Subject to aPplicable law or to a written waiver by l.ender, Borrower shall pay to � ,,;:.��_
<br /> Lender on the day mon�hly payments are due under the Note,until the N�te is paid in fuU,a sum ("Funds")for.(a)yearly taxes i --
<br /> I and asscssments which may attain piiority over this Security Instrument as a lien on thc Properry;(b)ycarly lcasehold paymcnts ---
<br /> � or ground rents on the Property,if any;(c)yearly hazard or propeny insurance premiums;(d)yearly flood insurance premiums,if (
<br /> � any; (e)yegrly mortgage insur�nce premiums,if any:and(fl a►►Y sums payable by Borrower to I.ender,in accordance with the ; _
<br /> � provisians of paragaph 8, in lieu of the payment of mongage insurance premiums. 'Ihese items are called "Fscrow Items."
<br /> Lender may,at any dme,collect snd hold Funds in an arnount not to exceed the maximum amount a lender for a federally related • -
<br /> mortgage toan�may require for Borrower's escrow account under the federnl Real Estate Seplement Procedures Act of 1974 as a.:.
<br /> amended from dme to ume.12 U.S.C.Secdon 2601 et seq. ("RESPA"),unless another law that appGes to the Funds seu a Lesser •
<br /> amounG If so,Lender may,at any time,collect and hold Funds in an amount not to eaceed the lesser amount Lender may . _
<br /> estunate the amount of Funds due on the basis of current da4�and reasonable estirnates of expendiWres of tutur�Escrow Items or "^=�
<br /> otherwise in accordance with applicable law. ,� �:
<br /> !� . 'Ihe Fands shall be held in an insdtudon whose deposits are ins�ued by a federal agency.instrumentaliry, or endry(including
<br /> '� I.ender,if I.ender is such an insdtudan)or in any Federal Home Loan Bank.I.ender shall apply the Funds to pay the Escrow . .
<br /> � Items.I.end.er may not charge Boerower for holding and applying the Funds,annually analyzing the escrow account,or verifying �
<br /> � �hr Fcr..mw itemc:unless Lender pays Borrower interest on the Funds and applicrible law permits Lender w make such a cherge. _ _ �
<br /> � However, Lender may requirc Bormwer to pay a one-time charge for an independent rcal es►at�e tax reporting scrvice used by , ;� , _
<br /> ,� I.ender in connecHon with this loan,unless applicable law provldes othenvise.Unless an agrcement is mede or applicable law ' '
<br /> requires intemst to be paid.Lender shall not be requirrd to pay Borrower any interest or eamings on the Funds. Boaower and ;
<br /> I.ender may agree in writing,however,that interest shall be paid on the Funds.Lender shaU give to Bonower.without charge,en �; .�, t'
<br /> ann��il accounting of the Fands,showing credits and debits to the Funds and the pucposu far which each debit to the Fimds was ., ,� �
<br /> macle.'llie Funds are pledged as addirional security for ell sums secumd by this Security Insmiment ��;. '
<br /> If the Funds held by Lender eacced the amounts pem►iued to be held by applicable law,Lender shell eccount to Bonower for ,;�.�• _ s�
<br /> � the excess Fnnds In accordance wilh the requirements of applicable law.If the amount of the Funds held by Lender at any time is ,:,�� '
<br /> not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and, in such case Borrower shaU pay °.+�t'.�� t
<br /> to Lender the amount necessary to make up the deficiency. Borrower shaU make up the defciency in no more than twelve `•'�� '��
<br /> monthly payments at Lea►der's sole dlscrebon. ����.>`� � ,
<br /> ' '',���x, ��,
<br /> Upon payment in full of all sums secured by this Security Insuument,Lender shall pmmpdy cefund to Bocrower eny Funds ,;;�;,,«,,,�y,._
<br /> held by I.ender.If,under pacagraph 21,I.ender shall acquire or sell the Property,Lender,prior w the ecyuisition or sale of the � �= -
<br /> Prope�ty,shall apply any Funds held by Lender ai the time of acquisidon or sale as a credit a�ainst the sums secured by this .;-.�tiy_:_.�� __
<br /> Secsuity Instrumen� ;:�=%�`�a--- .
<br /> 3.Applkation ot Payments. Unless applicnble law pr�vides otherwise,all payments reccived by Lender under paragraphs ����+�_ _
<br /> 1 and 2 shaU be applied: first, w any prepayment charges due under the Note;second,to amounts payable under paragraph 2; ���c.:,_-_ _
<br /> � third,to interest due;fouAh,w principal due;and last,to any Iate Charges duc under the Note. .. �.,;.f,�=�•'''
<br /> 4.Charges;Litns. Somnwer shall pay all texes, asses�ments,charges. fines and impositions atuibumble to the Properry "': . N�`'�_-
<br /> . which may attein prioriry over this Securiry Instnuner�t,and leasehold payments or grovnd rents. if any.Bocrower shall pay these �:..;h;fs�_�.�
<br /> _ ' obligadons in the mannu pmvided in paragraph 2,or if not paid in that manner,Borrawcr shall pay them on time directly to the . .
<br /> _ • person owed payment Barrowcr shell prompdy fwnish w Lender all notices of iunounts to be paid under this paragraph. If ° ,� y�,
<br /> gorrower malces these payments direcdy.Bonower shall prompdy furnish to I.ender receipts evidencing the payments. ,,:+;;.
<br /> Borrower shall prompdy discharge any lien which has priority ovcr this Security Instrument unless Borrower:(a)ugrees in °
<br /> writing to the payment of the obligation secured by rhe Gen in a manner acceptable to Lender,(b)contes�s in good faith the ficn
<br /> - by, or defends against enforc:ement of the lien in, legal p�nceedings which in the Lcnder's apinion operate to prcvent ihe
<br />� enforcement of the lien;or(c) secures Crom the holder of the lien an agreement sarisfactnry w Lender subordinating the I�en to :
<br /> ;• this$ecurity Instrumen�If Lender determines that any part of the Progerty is subject to a lien which may auain priority over Ihis �
<br />— Security Instrument,Lender may give Borrower a notice identifying the lien.Bomnwer si�all satisfy the lien or take one or more
<br />- of the xtions set fonh above within 10 days of the giving of notice. ' :
<br /> Form 3028 oi90
<br /> _ , �•bR(N@)(02t21.Ot Pap�2 ot 8 Inilialt:
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