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<br /> � TOGGTH�R WITH ull thc improvcmcnt� nrnv on c�reafter erected on thc propeny,and ull cuscnunts,uppurtcnanccs,und
<br /> fixtures now or herei�Rer a part of the property. All repincements and additions shull also be a�vued hy this Security ,
<br /> ' Instrument. All of thc forcgoing is referrcd ta in this Sccuriry Instrument us thc"Praperty."
<br /> BORROWER COVENANTS thut Bor�•owcr iti lawfully sciscd ot'thc cstatc hcreby a�nvcycd und has thc right to grunt and •
<br /> convcy thc Property und thnt thc Propcny is uncnrumbcrul, c:xcept 1'ur cncumbranccs uf rccurJ. F�orru�ecr �ti�arrants and will
<br /> ' � defend generally the title to the Property ugainst all cluims and demands, subject to uny encumbrunces uf record. ��'�.'.
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<br /> '•. - � TH1S SECURITY INSTRUMENT combines uniform covenants for nutional utie und non-umform covenunts with limited
<br /> ;;�a.:�` � variations by jurisdiction to constitutc n uniform sccurity instntment covcring rcal property.
<br /> ��-�-w•�`: UNIFORM COVENANTS. Borrower and I.ender covenant and ugrec as folluws:
<br /> • 1. Payment of Princlpul and Intcrest; Prepayment and Late Cliar�cs. Borcowcr shall promptly puy when due the
<br /> r '; principul of and intcrest on thc dcbt cvidenccd by the No�c unJ any prepuyment nnd late chargcs duc under the Note. ,
<br /> " � � Z. Funds for Taxes aud InsurAnce. Subject to applicable luw or to a written waiver by Ixnder, Borrower shall pay to �`°'
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<br /> Lender on the day monthly paymen[s are due under die Note,until the Nctc is paid in full,a sum("Funds")for: (a)year y taxes c-.��
<br /> s und assecsments which may attain priority over this Security instrument as a lien on the Property;(b)yearly leasehold payments �,�
<br /> or ground rents on the Property, if any;(c)yeurly hazard or property insurance premiums;(d)yearly flood insurance prciniums, =A
<br />_ -`.� if any; (c) yearly monguge insurnnce prcmiums, if any;and(� uny sums paynble by Borrower to I.ender, in accordance with —
<br /> the provisions of paragraph 8, in lieu of the payment of mongage insurance premiums. These items are called "Escrow Items." `_
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally ---
<br /> �� relnted mongage loan muy require for Bonower's escrow accaunt under the federal Real Estate Settlement Procedures Act of ���
<br /> � 1974 as amended from timc to time, 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds __
<br /> Y: sets a lcsser umount. If so, L.ender may, at any time,collect and hold Funds in an amount not to cxceed the Icsscr an�ount.
<br /> , � Lender muy estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future —
<br /> Escrow Items or otherwise in accordance with applicable la�v.
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<br /> The Funds shaU be hzld in an institution whose deposits are insured by a federal agcncy, instrumentality, or cntity
<br /> �'. ' (including L.snder,if Lender is such un institution)or in any Federal Home[.oan Bank. Lender shaU apply the Funds to pay the
<br />=-�• - ° Escrow Items. Lender may not char�e Borrower for holding and applying the Funds,annuaUy analyxing the escrow account,or
<br />�i;;���� . . verifying the Escrow items,unless Lender pays Borcower interest on the Funds and applicable law permits Lender to make such
<br />- "� a charge. However, L.ender may require Borra�ver to pay a one-time charge for an independent real estate ta�c reporting service
<br />:fi�'""-''"n � used by Lender in connection with this loan, unless upplicable law provides otherwise. uniess an agreemenc is maae or
<br />_�Y.�:,,,.: :. �,, . applicable law requires intcrest to be paid.Lender shall not be requircd to pay Borcower any interest or earnings on thc Funds.
<br />�, Borrower and L.ender may ugrec in writing,howevcr. �hat intcrest shall bc paid on the Funds. Lender shall give to Borrower,
<br />;;..�,J,,.��; without charge, un annual accounti�g of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> 3-:.-���=" debit to the Funds was made. The Funds are pledged as additional securiry for al:sums secured by this Security Instrument.
<br /> `�T"''�"� If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shaU acwunt to Borrower
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<br /> - -� � for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by I.ender at any
<br />��,,;4��`'�'' time is not sufficicnt to pay the Escrow Items when due,Lcnder may so notify Borrower in writing, and. in such case Bonower
<br /> -_:��.;'�I'*'i�,� shall pay to i.ender the amount necessnry to make up the deficiency. Borrower shall make up the deficiency in no more than
<br />_�—:i,�s� twelve monthly payments,ut Lender's sole discretion.
<br />—_°'='�'�� Upon payment in full of all sums secured by this Security Instrument, Lcnder shall promptly refund to Borrower any
<br />�_:—_ — Fwids held by Lender.If,under paragraph 2l, Lender shall acquire or scll the Property,Lender,prior to the acquisition or sale
<br />��„;�Q�,� of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> :;��� this Security Instrument.
<br /> -- _.�— 3.Applicatton of Payments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs
<br /> = 1 and 2 shall be applied: first, to any prepayment chargcs due under the Note: sccond, to amounts payable under paragraph 2;
<br /> -_—_ �� third, to interest due:fourth,to principal due;and last,to any late charges due under the Note.
<br /> --- ==� 4.Chaiges; L➢ens. Bonower shall pay all taxes,assessmcnts, charges, fines and impositions attribuuthlc to the Pmperty .� -
<br /> — which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Boao�ver shall pay
<br /> — these obligatians in thc manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on time ciitectly
<br />,���� ta the person owed payment. Bonnwer shull promptly furnish to Lender all notices of amounts to be paid under this paragra�h.
<br /> -- .--� If Borro�ver makes these payments direcdy,Borrower shall promptly furnish to Lcnder receipt�evidencing the payments.
<br /> Borrower shall promptly discharge siny lien which has priority ovcr this Security Instrument unless Borrower:(a)ngrees in
<br />�.�:�r=:���'�� writing to thc payment of the obligation secured by the lien in a manner acceptable to L.ender;(b)contests in good faith the lien
<br />—���,�i?�:� by, or defends against enforcement of the lien in, lcga! proceedings which in the C.cnder's apinion operate to prevent the
<br />�=�,?�'�r= enforcement of the lien; or(c)secures from the holder of the lien an agrcement satisfactory to Lender subordinating the lien to
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<br /> `�`.�' "� � this Sccurit Instrument. Cf I.ender determines that an art of the Pro rt is sub'ect to a lien which ma attain riarit over
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<br />°%�-'-;•;:,`.;;;.=: � this Security Instrument. Lcndcr may give Borrower a notice identifying the licn. Borrower shall satisfy the licn or take ane or
<br />_='""''� .:.t•.;s' more of the sctions set fonh above within 10 days of the�iving of notice. _
<br />�;':����+�� Form 3026 Bl90 —
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