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<br /> TOdETHER WITH �ll thc improvcmcnts now on c�rcuitcr crccted on thc property,und all cascmcnts, Appiutenenccs, and '"
<br /> Cuctures now on c�reaftcr n part of thc property.AU rcpincemcnts and addldans shall also be covered by thls Securiry InsuumenG �
<br /> All of thc faregoing is rcfcrred to in this Securi.ry Inswment as the"Property." '
<br /> BORROWBR COVEIVANTS that Hotrowcr is Inwtully scisc.�1 of Qte esiate hereby convcycd and has thc right to grnnt and -
<br /> convey the Property and that thc Pr�perry is unencumbered,except for encumbrances of record. Bonower warrants and will
<br /> defend generaUy the dtlo to the Property against nll clalms and demands,subJect to any encumbrances of record.
<br /> 7'HIS SECURITY QVSTRUMHNT wmbines tmifortn covcnants for national use and non-uniform wvenants with timitcd -
<br /> variuflons by jurlsdicdon to consdtute a uniform securiry inswment covering real property.
<br /> UNIFORM COVENANTS.Borrowcr and Lcnder covenant end agrce as follows: �,
<br /> 1.PaymenE of Prtncjpal and Interesh,Prepayme�.t and Late Charges. Bonower shell prompdy pay whcn duc thc ?
<br /> principal of and interest on the debt evidenceci by the Nate and ttny prepayment and late charges due under the Note. :
<br /> 2.ltinds for Taxes aad Insuraace. Subjoct to applicable law or to a written waiver by L,ender,Borrower shall pay to � . :�.
<br /> Lender on the day monthly payments are due under the Note,until the Note Is paid in full,a sum("F�inds") for.(a)yearly taxes � __;""''"'"
<br /> and assessments which may suain pdoriry over this Security Instrument as a lien on the Property;(b)Yearly leasehold payments �
<br /> or ground rents on the Property,if any;(c)yearly hezard or properry insurance premiums;(d)yearly flood insurence premiums.if I � .ry���_i
<br /> any; (e)yearly mortgage insurance premi�uns,if any; and(t�uny sums payabla by Borrower to Lender,in accordance with the -___
<br /> provisions of paragraph 8, in Heu of the payment of mortgage insurance premiums. 'IT�ese items are called "Escrow Items." :i::�=--'�
<br /> Lender may,at any time,collect and hold Funds in an amount not to excced the maximum amount a lender for a federally rclated , ." �;',',�� , f�—���.
<br /> mortgege loan may require for Borrower's escrow nccaunt under the federal Real Estate Settl�ment Procedures Act of 1974 as � �� .�����_
<br /> amended from time to drr►e, 12 U.S.C.Secaon 2601 et.seq. ("RfiSPA"),unless another law that applies to the Funds sets a lesser ,',,�,,;1 =��
<br /> amount If so, I.ender may,at any dme,collect and hold FundS in an emount not to excc:ed the lesscr amounG Lender may ��'`'�`'ti
<br /> . esdmate the amonnt of Funds due on the basis of current data end reasonable esdmates of expendidues of fuwn Escmw Items or �
<br /> otherwise In accordence with applicable Iaw. " , `
<br /> '� Tl�e Funds shaU be held in an insdtudon whose deposits are insured by a federal agency,instrumentality.or endty(including
<br /> Lender,if Lender is such an 1nstlwdon)or in any Federal Home Iaan Bank.Lender shall apply the Funds to pay the Escrnw • � ' . �
<br /> s Items.Lender may not charge Borrower for halding and applying the Funds,ennually analyzing the escrow account,or vedfying •�• •
<br /> the Escrow Items,unless Lender pays Borrowu interest on the Funds and appllcable law permits I.ender to make such a charge.
<br /> � However,Lender may require Borrower w pay a one-dme charge for nn independent real estatc tea reporting service uscd by - .-;;�:• ,, ����-
<br /> ' Lender in conaecdon with this loan,unless appliceble Iaw provides otherwise.Unless an ngree���ent is made or applicable law `'�"'' • .
<br /> require9 interest W be paid.I.ender shall noL be required to pay Bocrower any interest or earnings on thc Funds. Borrower and ' �4
<br /> , Lender mey agree in wridng,however,that interest shall be paid on the Funds.Lender shall give to Borrower,without charge.an v� �.� �j '
<br /> annaal accounting of the Funds,showing credits and debits to the Funds and the pu�pose for�vhich each debit to the F�nds was �,;�,a +
<br /> • � made.The Ftiu►ds ere pledged as addidonat securiry for all sums secured by this Security InstrumenG ?: ,
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<br /> � If the Funds held by Lender exceed the amounu permitted to be held by applicable law,Lender shall account to Borrower for ,� � ,
<br /> a tho excess Funds in accnrdance with the mquirements of applicable law.If the amaunt of the Funds held by Lender at eny time ic �
<br /> ''• nat aufficient w pay the Escrow Items when due,Lender may so nodfy Borrower In writing,and,in such case Bomower shall pay _ -
<br /> a � ro Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more ihan twelva Y_ � _
<br /> , �, monthly payments,at I.ender's sole discreuon. � R' y �`'`
<br /> �. Upon payment in full of all sums secured by this Security Ins�ument,Lender shall promptly refnnd to Borrower any Funda `.,��_•-'� `
<br /> +^ hald by Lender. If.under paragraph 21,I.ender sludl acquire or sell the Property. I.ender,prior to the acquisidon or sale of the ���'`'=�
<br /> - ,.�i Property. shall apply any Fnnds held by Lender et the dme of acquisidon or sale as a credit against the sume secured by this `�'r''"
<br /> ' ' " � Security Instrument <<��:,.
<br /> . ,.�� � 3.Appllcatbn ot Paymente, Unless appticcsible law provides otherwise,aU payments received by Lender under paragraphs =�_�
<br /> - 1 and 2 shaU be applied: fust,co any prepaymentcharges due under the Note;second,to amounts payable under paragraph 2; `�:,-��
<br /> third,to Intemst due;faurth,to principal due:and last,to any lau:charges due under the Note. ��1°�'!�'��'
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<br />_ , : f; 4.Charges;Liens. Borrower shall pay all tazes.assessments, charges.fines and imposi6ons auributable W the Property :T;��R;:,,__
<br />_ � which may attein priority over this Securiry Instrument,and leasehold payments or ground rents,!f any.Borrower shall pay these •:`_��,:R_,._..�
<br />- �. ��� �'� obligadons in the manner provided U�paragraph 2,or if not paid in that manner,Borrower shall pay them on dme dicr,cdy to the _:,:�, ,',` °.,:t. ;
<br />_• person owed paymen� Borrower shall promptly fumish to Lender aU notices of amounts to be paid under this paragraph.If • �.�� {.� •
<br /> Borrower makes these puyments direcdy,Borrower shall prompdy furnish to Lender receipts evidencing the payments. • � yy��;.
<br />- Borrower shall ptompdy discharge any lien which has priority over this Securiry Insuument unless Borrower:(a) agrees�n . ; ;;�.A'�-���
<br />_ . wrluing to the payment of tha obligat'son sccured by the lien in a manner acceptable to I.ender;(b)contesis in good faith the lien ,
<br /> � by, or defends against enforcement of the Gen in, legal proceedings which in the I.ender's opinion operate ta prevent the , . , , � .
<br /> - ' enforcement of the lien;or(c)secures from the holder of the lien aa�agreement sadsfactory to Lender subordinating td►e Gen to �
<br />_ � this Security InslrumenG If Lender determines that any part of the Property is subject to a lien which may attain prIority over this
<br /> Socurity Instrument,Lender may give Borrower a notice identifying the lien.Borrower shall sadsfy the lien or take one or morc
<br /> of the actions set forth above within 10 days of the giving of notice, .
<br /> ,- � �orm 3028 �/00 .�.
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