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<br /> TOGET�R WITH all the improvements now or hereaftcr erected on thc property, and all erisements, appurtcnanccs,and �
<br /> fixtures now or hereaftet a part of the propercy.AA replacements and additions shall also be covered by thi9 Securiry instnimen� ..-
<br /> � AIl of the forcgoing is referred to in thls Sccuriry Insuumeni ns the"Property:' ,:�:° "°'
<br /> BORROWER COVENANTS thnt Borrowcr is lawfully seised of the estate hcrcby conveycd and has the right to grai►t and •..
<br /> convey the Property rand that the Property is unencumbered,except for encumbrances of record. Borrower warnjn�s and will .� ,{: �
<br /> defend generally the tide to the Property aguinst ell daims and demands,subject to any encumbrances of record. :;_ .
<br /> 'CHIS SECURITY WSIRLJNIENT combines uniform wvenants for national use and non-uniforrn covenents with limited ' . -fl��-�
<br /> variations by jurisdictian to consututc a uniform security instrument covcring rcal propsrty. -`��'x'
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<br /> UNIFORM COVENANfS.Borrower and Lendcr covenant and agree as follows: •.:�v;�;��_°�_Y
<br /> 1.Payaienf ot Principal and Interest;Prepayment and Late Cdarges. Borrower shell prompdy pay when due the _______,� .
<br /> principal of and interest on the debt evidenced by the Note and any prepaymen[and late charges due under ihe Note. -- -----
<br /> ' 2.Funds tor Taxes und Ins�erance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to _
<br /> L.ender on the day monlhly payments ere due ander the Note,until the Note is paid in full,a sum("Funds") for. (a)ycarly taxes _
<br /> And a.s.sessments which may auain priority over this Security Instrument as a lien on the Property;(b)Yearly leasehold payments
<br /> or ground rents an the Property,if any;(c)Yearly hazerd or property insurance premiums: (d)Yearly tiaxl insurance premiums,if � _
<br /> any; (e)yearly mortgage insurance pzemiums,if any;and(�any sums payable by Borrower w Lender,in accordance with ehe
<br /> provisions of paragraph 8,in Geu of the payment of mortgage insurance premiums.These items are called"Escrow Itecns." ��:
<br /> Lender may,at any timc,coUect and hold Funds in an amount not to exceed the mexunum amount a lender for a federally related �;,;�,,.
<br /> mortgage loan may require for Borrower's escrow account under the federal Real Estate Seulement Procedures Act of 1974 us • � ,,
<br /> amended from tlme to wne,12 U.S.C.Secdon 2601 e�seq. ("RESPA"),unless another law ihat applies to the Funds sets a lesser � —
<br /> � amounG If so, Lender may,at any dme,collect and hold bluids in an amount not to exceed the lesser amount Lender may � �,
<br /> � estimate the amaunt of Funds due on the basis of current data and reasonable estimates of expendiwms of fupue Escrow Items or � �� ' �'''�_ __ _
<br /> t otherwise in eccordance with applicable law.
<br /> ° The Funds shell be held in an insticudon whose deposits are insured by a federal agency,instmmentaliry.or entity(including t
<br /> �� Lender,if I.cnde.r is such en insdtudon)or in eny Federnl Home Loan Bank. Lender shall apply the Funds to pay the Escmw .
<br /> '' Itemfi.Lei►der may not charge Borrower for holding and applying the runds,annuatly analyzing iiic rsc:iuw iai�t�7uni,or Lcxify�in; = .,,.�,; . ,� - .
<br /> ' the Escrow Items,unless Lender pays Bomawer interest on the Funds end applicable law pemnits Lender w meke such a chnrge. .w:,..
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<br /> " However.Lender may requIre Borrower to pay a one-time charBe for an independent real estate tax reporting service used by ;�.�� :
<br /> `'�"J Lender in connecdon with this loan,unless applicable law provides otherwise. Unless an agreement is made or applicable law ;j+�»_• . � "� •
<br /> '� Myuires interest W be paid,Lender shall not be requtred to pay Borrowcr any interest or eara�ings on the Funds.Borcower und ' �,"?"�`"� �.�'
<br /> � Lencter may agree in wdting,however,that interest shall be p�id on the Funds.Lender shall give to Borrower,without charge.an �". .j
<br /> ennuai acc�unting of Ihe Funds,showing credits and debits to the Funds and the purpose for which each de6it to the Funds was '�� ;,
<br /> y� � made.'Ihe Funds are pledged as addidonal security for all sums secured by this Security InsuumenG `�
<br /> ���`'" If the Funds held by Lender eaceed the amonnts permitted co i�e lield by applicable law,Lender shall account ta Bo:rower for
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<br /> ,-a.r, the eacess Funds in aaordance with the requirements of ctpplicable law.If the amount of the Funds held by Lender at any tune is -
<br /> � ,' not sufflcient to pay the Escrow Items when due.Lender may so notify Borrower in wriun8�and,in such case Bor.ower shell pay
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<br /> �q to Lender the amount neccss�y co make up the deficiency. Borrower shall make up the deficiency in no more then twelve ___,�r�,'�
<br /> ;.�;7 inonlhlY paYments�at Lender's sole discreHon. ��-,y�`�-
<br /> '1 Upon payme,�t in fuU of all sums secured by this Security Inswment,Lender shall promp�y refund to Borrower any Funds ` ►��
<br /> held by I.ender.ff,under paragreph Zl,I.encler shall acquire or sell the Property,L.ender,prior to the acqeiisiaon or sa(e of the .:��=:.:—•�----
<br /> - �� Property. sha(I apply any F�nds held by Lender at the tfine of acqui.cition or sale as a credit egainst the sums se�ured by this _i�;�'��
<br /> � Security Instrwnen� ,
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<br /> 3.ApplicAtlon otPuyments. Unlcss applicablc la�v proeidcs othenyise,all payments received by I.ender under paragraphs .s- �r.,s�-
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<br /> 1 and 2 shall be applied: fi�t,to any pre�ayment charges due under the Note;second, to amounts payable under parugraph 2; �,,_
<br /> • thlyd,to interest due: fourth,to principal due;end last,to nny late charges due undet the NoW. �:�-�T_
<br /> . 4.Churges;Llens. Borrower shall pay all taxes,as�essments. charges. fines and imposidans attributable to the Property • �;:. ..�►--_-.....
<br /> which may ausin p�raority over thi.g Secwrity Instrument,su�d leasehold payments or ground rents,if any.Bomnwer shall pay these •:'°�^� �'-r��;
<br /> � obllgadons in the manner provided in P��P P .-�'� .�?.� r.'•H�.
<br /> ' h 2,or if noi aid in that manner,Borrower shall pay them oa�tune dire,ctly to the •` ;''#�``
<br /> ' � pers4n owed payment Botrower shall prom tl fumish to L.endcr all notices of amounts to be paid under this paragraph. If - ;•''"•'i'�'��
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<br /> Borrower makes these payments direcdy,Borrower shall promptly furnish to Lender receipts evidencing the paymenis. . .
<br /> Borrower shell prompdy discharge any lien which has prioriry over ihis Security Inswment unless Borrower.(a)agrees in , . �
<br /> wrlting to the payment of the obl�gation secured by t�io lien in a manner acceptable to Let►der;(b)contests in good faith the lien .
<br /> by, or defends against cnforcement of the lien in, IegN proccedings which in the Lcnder's opinion operate to prevcnt the
<br /> enforcement of the lien; ar(c)secures from the holder of the licn an agreement satisfectory to L.ender subordinating the lien to
<br /> this Security Inswme�� If Let►der dctermines that any part of the Property is subject w a lien which may attain priority over this
<br /> Security Insuumen� Lender may give Rorrower a n�rice identifying the lien. Borrower shall sati�fy thc lien or take one or more
<br /> of the acdons set forth above within 10 days of the giving of notice.
<br /> Form 3028 9/00 �
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