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<br /> TOGETHER�'VITH all the improvements now or hereAfter erected on the property, und adl cuscmcm+, uppwtruai�«y.and �.
<br /> ° Tixtures no�v or hereufter a part of the properry, All repincements nnd ndditions shull alxo be covcred by this Security �
<br /> Instrument.All of the foregoing is ref'crred to in this Sccurity Instrumcnt us•the "Prnperty." '
<br /> BURRUWER COV6NANTS thut Burrowcr is lawfully sciscd of thc cstatc hcrcby conveytYl and t�ns ihc right to grant mtd �
<br /> , convey the Property und that the Property is unencumbered, excepe for encumbrances of record. Banower wurrants and will �• •.
<br /> defend genernlly the title ta the Property aguinst all claims and demands,subject to any encumbrances ot'raurd.
<br /> �'"� THIS SECURITY INSTRUM�NT combines uniform covenants for �ational use und non-u�iifarm covenants wich limited �
<br /> ,�,�+ variations by jurisdiction to constitute a uniforni security instrument covering real property. �
<br /> UNIPORM COV ENANTS. Borrower und L.ender covenant and agree ns follows: �
<br /> 1. Payment of Princtpul wnd Inter2st; Prepnyment and Late Char�es. Borrowcr shall prompdy pay when duc thc �
<br /> principal of and interest on the debt evidenced by the Note and any prepayrnent and late charges due under the Note. _
<br /> 2. F'unds for Taxes and Insurnrtce. Subject to applicable Isw or to a written waiver by Lender,Bonower sliall pay to i
<br /> L.endcr on the day monthly payments arc due under the Note,until the Note is paid in full,a sum("Funds') for: (a)ycarly taxes �_
<br /> and assessments which may attain priarity over this Security Instrument as a lien on the Property; (6)yeady leASehald payments ��
<br /> . or ground rents on the Property, if any;(c)yearly hazard or praperty insurance premiums;(d)yearly flood insurance premiums, _
<br /> - if uny; (e)yearly mortgage insurance premiums, if any; and(f)any sums payable by Borrower to Lender, in accordanee with -_.
<br /> - the pravisions of paru�raph 8,in lieu of the payment of mongage insurance premiums.These items ar�called"�scrow Items." —
<br /> , � Lender may, at uny time, collect and hold Funds in an amount not to exceed the maximum amount a lender f�r a federaliy
<br /> related mortgage loan may require for Borrower's eserow account under the federal Real Estate Setdement Procedures Act of
<br /> 1974 as amended from time to time. 12 U.S.C. Section 2601 er seq. ('RFSPA"},unless another law that applies to the Funds �=
<br /> � " sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser umount. =
<br /> � I.ender ma estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future �!
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<br /> Escrow Ytems or otherwise in accordance with applicable luw. �.
<br /> The Funds shall he held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> _ �' (including I.ender,if Lender is such an institution)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the
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<br /> l>:.•• •.. �,..� Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyiing the escrow account, or
<br /> •.` verifying thc Escrow Items, unless I.ender pays Borrower interest on the F=unds and applicable law perrnits Lender to make such
<br /> "�-;;`�s"'- a charge. However, I.ender may require Horrower to pay a one-►imc cnurge tar a��i��Jepc���er�t r:;a1 cstacc:ax r�Fartirg s:^•::r
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<br />-. .��;,.-,�• . used by Lender in connection with t}�is loan, uniess applicnble law provides otherwise. Unless an agreement is made or
<br /> '''; '�'•��".' npplicable taw requires interest to be paid, I.ender shall not be required to pay$orrowcr any interest or carnings on the Funds.
<br /> �'��;�::�'�` ' Bonower and Lender may agree in writing, however, that intcrut shali be paid on the Funds. Lender shall give to Borrower,
<br /> _"-���, � without charge, an annual accounting of the Funds, showing credits nnd debits to the Funds and the purpose for which each
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<br /> - `!'��'�`�� �� � debit to tlie Funds was made.The Funds are pledged as additional security for all sums secured by this Secw•itp Instrument.
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<br /> - If the Fur.ds held by Lender exceed the amaunts permitted to be held by applicable law. Lender shall account to Borrower
<br />- —'?:a��' � for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any
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<br /> :.,�,� time is not sufficient to pay the Escrow Items when due,Lender may so notify Borruwer in writing,und,in such case onower
<br /> - =-:=� shall pay to Lender the amount necessary tu make up the deficiency.Borrower shall make up the d�ficiency in no more than
<br />___�'°R"„� twelve monthly paymcnts,at Lender's sole discretion.
<br /> ---�— Upcm payment in full of all sums secured by this Securiry Instrument, Lender shall promptly,mfund to Borrower any
<br /> __ Funds held by I.ender.If.under paragraph 2l,L.ender shall acquire or sell the Property, L.ender, prior ro the acquisition or sale
<br /> �� '. of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit ag�inst the surns secured by
<br /> ---�� ' this Security Instrument.
<br /> 3.Applicatlon of Payments.Unless applicable la�v provides otlierwise, all payments n,ceived by I.ender under paragraphs
<br /> =,.;;,�. 1 and 2 shall be applied: first, to any prepayment charges due under the Note;second,to amounts�rayable under paragraph 2;
<br /> --— � �= thira,to interest due; fourth,to principsil due;and last,to any late charges due under tha Note. -
<br /> � - � 4.Charges; Liens. Bonowcr shall pay all taxes,assessments,charges, fines and impositions attributable to the Property
<br /> "-" m_ • which may attain priority over this Security Instrument, and leasehold payments or ground rents,if uny. Borrower shall pay
<br /> ---�-v these obligntions in the manner provided in paragraph 2,or if no[paid in that manner,Bonower shall pay them on time directly
<br /> "=��� , to the person owed payment.Borrower shaU promptly furnish to L.ender all notices of amounts to be paid under this plragraph.
<br /> _ — If Borcower makes these payments directly.Borrower shall promptly furnish to L.ender receipts evidencing the pa,yments.
<br /> -'_"=��� Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrowcr. (a)a�rees in
<br /> _T=�4".�;,� writ9ng to the payment of the obligation secured by thc lien in a manner acceptable to Lender;(b)contes�s in good faith the lien
<br /> —�r:���,:�• b;�, or defends aguinst enforcement of tl�e lien in, Iegal proceeciings which in the Lender's opinion operate to prevent the —
<br /> - ��T-�'_�� enforcement of die lien; or(c)secures from thc holder of the lien an agreement satisfacrory to L.ender subordinating the lien to
<br />— '�• • this Security Instn�mcnt. If Lender determines that any pan of the Properry is subject to a licn which may attain priority over —
<br /> "'�"F=r_ � rhis Security Inst►vment. L.ender may give Borro�ver a nntice idcntifying the lien.Borro�vcr shall satisfy the lien or take one or _
<br /> '��L`�=��;� morc of thc actions set forth abovc within 10 days of thc giving of noticc.
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<br /> t�-��-7-�� Form 3028 9190
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