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<br /> .4 TOGETHER�NTfN all the improvemeats now or he r erty,and all easements,appuaenances.and :
<br /> � . � - �' fi::cures now or hereafter a part of the property. All replscements and additions shall aiso be covered by this Security .. :' : . �,:,:.
<br /> .4` , ' �
<br />' " ' Instrument.All of the foregoing is referred to in this Security Insuvment as the"Property•" . . , . .
<br /> �.:.:.R-' BORROWER COVENANT5 that Bomuwer is lawfiilly seised of the estate hereby conveyed and has the right to gcant and . , .
<br /> , --_-. convey the Property and drat the Propeety is nnenc�mbered.except for encumbrances af record. Borrower warrants and will •
<br /> • defend generatiy the titte to the Property against all claims and demands.subjed to auy encumbrances of record.
<br /> :• THIS SEC[JRITY INSTRUMENT combines uniform covenants for national use and non-uniform covenanu with limited , �'•
<br /> _ . . . variations by jurisdiction to constitute a uniform security instrument wvering real pmperty. t : .
<br /> � UNIFORM COVENANTS.Borro�ver and Leader oovenant and agree as follows: � ,���;
<br /> • � ' ' 1. Payrr►ent of Principal aud Interest; FreP'dYment and Late Chaiges• Borrower shail promptly pay when due the - : :j'
<br /> � �• t and tate charges due under the Note. • -�
<br /> � ' principal of and interest on the debt evidenced by the Note and any prepaymen � ;,
<br /> � 2.Funds fur Ta�c�aad Insurauce•Subject to applica6le!aw or to a written waiver by I.ender.Borrower shall pay to - -
<br /> � t; � �. Lender on the day momhly paymenu are dae under the Note,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes .;,,;s„_:
<br /> � ' � and a,sessments which may attain priority over this Secvrity Instrument as a lien on the Property:(i�)Year1Y leasehold payments , . � _
<br /> � ,�•�..�-
<br /> � �'�; or ground renis on the Property.if any:(c)Yeazty hazard or property insurance premiums;(d)Yearly flood insurance premiums, ;' , ' -
<br /> � if an y:(e)yearly mortgage insurance premiums,if any:and(�any sums payable by Borrower to Lender, in aocordance with ;,``.5: ',
<br /> � � the provisions of paragraph 8.in lieu of the payment of mortgage insurance premiums.These items are called"Escrow Items.° . :,__-
<br /> Lender may. at any rime, collect and hold Funds in an amaunt not to exceed the maximum amount a lender for a federatly �� F,�,�,.
<br /> , �• - related mortgage toan may require for Borrower's escrow account under the federal Real Estate Setttement Procedures Act of . __ _
<br /> 1974 as amended from time to time. 12 U.5.C.Sc�.�tian 2601 et seq. ("RESPA"),unless another!aw tt�at applies to the Funds � ` ��
<br /> � sets a lesser amaunt. If so. Lender may. at any time, collect and hold Funds in an amount not to exceed the lesser amoun�
<br /> ' . - �� .:��.' Lender may estimate the amount of Funds due on the basis of current data and reasonab2e estimates of expenditwes of future ,�G�- °
<br /> Fscrow Items or otherwise in accordance with applicable law. : � `.' =:
<br /> 4�`, -
<br /> ` •' ' � � T(ie Funds shall be held in an institution whose deposiu are insured by a federal agency, instrumentality or entity . � �a`.`�'~�::
<br /> - • � (inclufling l.ender,if Lender is such an institution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the . ��.;.
<br /> ; .���
<br /> Escrow ltems.Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or .:,����
<br /> � `` ' '(� � verifying the F�crow Items.unless Lender pays Borrower interest on the Funds and applicable law permits I.ender to make snch ,r._o:
<br /> ' ���i:. .; ;`.f:; �; ':.'�';
<br /> � . '�;:-1'�- a c h a r g e. However.Lender ma y r e quire Borrawer to pay a one-time ci�arge for an independent real estate tax reporting service ,.,��
<br /> '. used by Lender in connection with this loan. unless applicable law provides otherwise. Uniess an agreernent is m a de ar �_
<br /> •� � applicable law requires interest to be paid.L.ender shall not be required to pay Borrower any interest or earnings on the Funds. ;'..F��_-s�*,-�:.
<br /> _ � ' , ,•:;;�
<br /> .•. Sonower and L.ender may agree in writing, however,that interest shall be paid on the Funds. Lender shall give to Borrawer, ;
<br />``� � without charge,an annual accounting of the Funds. showing crediu and debits to the Funds and the purpose for which each •.',�.(•,:i_.,•+�_�
<br /> ---- ---- -' debit to the Funds was made.'r'he Funds are pledged as addiuonal setarity for all sums secured by this Security InstrumenL � ,,,,,_. __
<br /> . • If the Funds held by Lender exceed the amounts permitted to be held by applicabte law.Lendzr shall account to Borrower ��•; :. . j."--"'
<br /> " • for the excess Funds in acwrdance with the requirements of applicable law. If the amount of the Funds held by Lender at any l.,;,, .•,�x'�'
<br /> . e =-.,.
<br /> ' time is not sufficicnt to pay the Escrow[tems when due.i.ender may so notify Borrower in writing,and,in sach case Borrower �,�.�
<br /> � shall pay to Lxnder[he amount necessary to make up the deftciency. Borrower shall make up the deficiency in no mare than , .;��.-
<br /> twelve monthly payments.at Lender's sole discretion. - _
<br /> . Upon payment in full of all sums secured by this Security Instrument, f..enuer shail prumptty refwiJ to Borrowcr any -- ���:�
<br /> . � � Funds held by Lender.If.under paragraph 21.Lender shail acquire ac sell the Property.Lender.prior to the acquisition or sale
<br /> .. :.. of the Property.shaq appfy any Funds held by Lender at the time of acquisition or sale as a credit against the sumg secvred by � ���_
<br /> � ' [his Security Instrument. � � � ' �?4
<br /> • � 3.Application of Payments.Unless applicablc law provides otherwise.all payments received by Lender under paragraphs : •;•��
<br /> . • 1 and Z shall be applied: first, ta any prepayment charges due under the Note: second,to amounts payable under paragraph 2: �_.,
<br /> �� ' third.ta interest due:four[h,ta princip�al due:and last,to any late charges due under the Note. . ,
<br /> - �• 4.Charges; Liens. Borcower shall pay all taxes,assessments, charges, fines and impositions attributable to the Property . .
<br /> which may attain priority over this Security Instrument. and leacehold payments or�round rents. if any. Borrower shall pay
<br /> these obligations in thc manner provided in paragraph 2,ar if not paid in that rtwnncr,Borro�•..'r shalt pay them on time directly : ;.::
<br /> . � � " to thc per,on owed paymcnt. Bonower shall promptly furnish to Lendcr all notices of amours.+ta be paid under this paragraph. ~•.:;_.:' .
<br /> � lf Borrower makes these payments directly.Borrower shall pramptly furnish to Lcnder receipt�evideneing the payments. . ,
<br /> �� � �. Borrower�hall promptly discharge any lien which has priurity over this Security lnstrument unless Borrower:(a)agrees in .
<br /> writing ta the payment of the obligatian secured by[he lien in a manner acceptable to Lender tb)wntests in g000 faith the lien .
<br /> ' � � by, or defends against enforccment ut the lien in. lega! proceedings which in the i.ender's opinion operate to prevent the
<br /> ' ' enfarcement of the licn:or Ic)secures fro�r�thc holdcr of'the licn an agreement satisfactory to Lender subordinating the lien to . .
<br /> • this Security Instrument. lf Lender determine�that any part of the Propeny is subject to a lien which may attain priority over , .. �
<br />- • this Security Instrumc�:t. Lender may givc&�rrower a notice identifying the lien.Borrower tihall tiatisfy the:en ar take one or _ _
<br /> � more of lhe actions.ret forth above within IU day+of the giving of notice. _ . .
<br /> � � form 3028 9190 ' .
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