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<br /> TOGETHBR WITH nll thc jmprovenieuGs naw or l�ereafter erected on the property,und all easements,appunenances. and -
<br /> fixtures uow or hereafter a part of die property. All replacemencs and additlons shall also he covered by this Security -
<br /> � liLtitrument. All of the faregoing is referced to in this Security Instrument as the"Property."
<br /> t BORROWfiR COVBNANTS that Bonower is IawfuUy seised of the estate hereby conveyed and has d�e right to gr�nc and _
<br /> � convey the Property and d�at die Property is unensumberecl, except for eacumbraaces of record. Borcower warrau�ti a��d will � ,, •
<br /> ; defend generally t�e title to the Property against�ll claims and demands, subject to any encumbrances of record.
<br /> . THIS SBCURITY INSTRUMBNT wmbines uniform coven�nts for nationnl use and nnn-unifom�covenxnts with limited
<br /> � varinuons by jurlsdiction ta constitute a uniform security instrument coverins real property. �
<br /> UNIFORM COVENANTS. Bonowet and Lender covenant and agree as follows: _.
<br /> 1. Payment of Principal and Interest; Prepayment and Late Charges. Bonower shall promptly pay whea due the I •
<br /> 1 principal of end interes[on the debt evidenced by the N�te and any prepayment and late charges due under the Note. � ,. .,;�„ .7`°•
<br /> � 2. I�tinds for Taxes and Insurance.Subject to applicable law or ta a writtea waiver by I.ender, Barrower shall pay to „'-"-�`=''"'"
<br /> I.ender on tl�e day moathly payments are duc under the Note,wadl the Note is paid in full,a sum("Funds")for:(a)yearly taxes �='`"��'
<br /> and assessments which may atutin priority over this Security Instrument as a lien on the Property; (b)Ye<uly leasehnld paymeuts _
<br /> or ground reats oa the Property,if any; (c)yearly hazard or property insurance premiums;(d)yearly flood insurance premiums. :_
<br /> if any; (e) yearly mortgage insurance premiums. If any;and(�any sums payable by Bonower to Txuder, in accordance with
<br /> � the provisions of paragraph 8,in lieu of�he payment of mortgage insurance premiums. These items are called°Esceow Items." -. ___ __
<br /> Lender may,at any dm�,collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally ,
<br /> related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C. Secaon 2601 et seq. ("RESPA"), unless another law that applies to the Funds � ___ _
<br /> sets a lesser amount. If so, Leader may,at auy dme, collect and hold Funds in an amount not to exceed the lesser amount. —
<br /> Leuder may estimate the amount of Punds due on the basis of current data and reasonable estimates of expenditures of funue �-,�_.—__
<br /> � Bscrow Items or othenvise ia accordance with anplicable law. '�
<br /> The Funds shall be held in xn insdtution whose deposits are insured by a fedetal agency, instnimentality. or enUty
<br /> �..��• (including Lender,if Lender is such an institudon)or in any Federal Home Loan Bank. Lender shall apply the Futtds to pay the ''
<br /> . .n Bscrow Items. L.ender may not charge Bonow�r for holdins and applying the Fmnds,annually analyzing the escrow accouat,or
<br /> ,:�� verifying the Hscrow Items,unless I.ender pays Borrower interest on the Funds and applicable law pernuts Lender to make such , ,_
<br /> a charae. However, I.ender may require Borrower to pay a one-time charge for an independent real estate tax reportin�service ' :
<br /> used by Lender in wnnecdon witli this loan, unless applicable law provides otherwise. Unless an agreement is made or --
<br /> applicable law requires interest to be paid,Lender shall not be required to pay Bormwer any interest or eamings on the Punds. '� ."
<br /> � Borrower and 7..eader may agree in writing,however. that interest shall be paid on We Funds. I.ender shall give to Soaower, �' � � .
<br /> without ch�uge, an anm�al accoundng of the Funds, showing credits and debits to the Funds and the purpose for which each 'i .
<br /> debit to the Aunds was znade.The Funds are pledged as adcDidonal security for all sums secured by this Security Insuumeat. ?'
<br /> If the Punds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to Borrower ' �
<br /> for the eacexs Pands in accordance with the requirements of applicable law. If the amount of the Ftiutds held by I.ender at any
<br /> " • wne is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower ia wrixing, and,in such case Borrower �`
<br /> shall pay to Lender t�e amount necessary to make up the deficiency. �orrower shall make up the deficiency in no more than �_
<br /> � twelve montl�lly payments,at Lender's sole discredon. �• �
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall prompdy refund to Borcower any ; '`� �`
<br /> Funds held by Ixnder.If,und�r parngraph 21�Lender shall acquire or s�ll the Property,Leuder,prior to the acquisidonor sale , ^""�"�� �
<br /> of the Property.ahall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by � t�''�'�
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<br /> . thisSecuritylnsmunent. __ _ _
<br /> 3.Appltcatlon of Payments.Unless applicable law provides othenvise,all payments received by Lender under paragraphs ==_°°- -
<br /> . 1 and 2 shall be applied: Scst,to any prepayment charges due under the Note; second. to amounis payable under paragraph 2; =Y=---
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<br /> third,to interest due;fourth, to principal due; and tast,to any late charges due under che Note. `;r�q�.
<br /> � 4.Charges;Llens.Borrower shall pay all txxes,assessments. charges, fines and imposidons ataibutable to the Property •�;���:
<br /> ,� which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shal�pay �-^:.:�;��,;_
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<br /> these obligaaons in the manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on time directl3+ ,;�, ,.�:
<br /> . to the rson owed a eut. Bonower sLall ro d furnish to Lender all nopces of amounts to be aid under this ara h. :• �� •
<br /> Pe p Y� P mP Y P P SI'aP �: k,�+,,,;�.
<br /> If Borrower makes tl�ese payments directly,Borrower shall prompdy furnish to Lendex receipts evidencing the payments, ��.�• ��� •. �:.��-;.--
<br /> .. Borrower shell promptly dissharge any liea which has priority over this Security Instrument unless Borrawer:(a) ag�ees in � � �` '
<br /> wridng to the payment of the obligauon secured by the lien in a manner acceptable to Lender; (b)contests in gaod faitl�tl�e lien � `� �°• �`�''�
<br /> by, or defeuds against enfoi�eement of the lien in, legal proceedings which in the L.ender's opinion opera:e to prevent the �� � ' -
<br /> enforcement of the lien: or(c)secures from the holder of the lien an agreement sadsfactary to Lender subor�linating the lien to . � " , �
<br /> �� this Security Insrcumeat. If Lender deternunes that any part of the Pmperty is su'bject w a lien which may attain prioriry over �
<br /> tlds Security Insuument,Lender may give Borrower a nodce identifying the lien. Borrower shall satisfy the lien or take one or
<br /> more of the actioas set forth ahove within 10 days of the giving of norice. • ,.
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<br /> Form 30Y8 O
<br /> �m 8R(NEI iez�ai.o� a.s.s o�e iN:i,�,• .
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