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<br /> ' � � ± � TUGETtIEit W1TH all the impmvemeats aow or(ieaeafter ereaed on the pmpeity.and all easements.aPPurtenances.and ' '� �
<br /> . fixnues now or dereafter a pan of the pmpeny.All ceplacemeats and additians suall also be covered by this Security Insuumeat. ". . • � .
<br /> . '" . `.. , All of the foregoing is refezred to in this Security Insm�ment as the"Fcoperty." C� . � ,
<br /> ` . � BORROWER COV�NANTS that Borrower is lawfully seised of the esTate hereby coaveyed and has the right ta grant anc� . .
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<br /> ` cnnvey the Property and Ihat the Pmpercy is unencumbered,except for enaunbraaces of recard.Borrower waaancs and w�71� . . ' ' "
<br /> � defend genaally ahe dtle tn the Propetty against a11 claims and demands.subject to any enaunbrances of record.
<br /> . . • ; TFIIS SECLIRTfY IIVS'IRiTN1ENf wmbines uniform covenauts for narianal use and non-uniform oovenants with limited� . . . , . .
<br /> -.. __.,.i_._- - � variarions by�uisdiction ro oonstiwte a uniform security ins�meat covering rea!propeatY• ��'- - . _ _.. _
<br /> � UNIFORM COVENANtS.Bomnwer and Lender coveaant and agree as follows ,. . • �
<br /> ,� � ` l.Payment of Pria�pal aad Interest:prePayment and Late C6arges. Bomnwer sball prompdy pay when due the , ,��
<br />-� . . ` �' principal of and mterest oa the debt evid�ced by die Niote and aay prepayment and 1ale charges due under the Note. •.�:r= -• . .
<br />. . . I Z Faadg fos Tases and Insuraace. Subject oo applica6le law or w a written araiver by Lr.ud�a,Boriower shall pay to .< ;.�� .
<br />_ . `• � Le�der on the day montWY PaYm�ts are dae mider the Note.�mt1 the Note is p�d in full,a suu►("F�mds'�for.(a)yearty taxes
<br /> e " .
<br /> mmd assessments wlrich may attain priority over this Secamy Insuwaneni as a lien on the Property;{b)Year1Y teasehold payments ,•.,..
<br />� � or ground rents on the Property,if anY:{e)Yeazly h27ud or ptope�ty insut�ce ptemiutn�(�Ye�IY flood ins�uance pretntums,�f �n•-',
<br /> ' �Y.(e)Y�Y m�Se insuzance premiums.if anY;and E��Y�PaY�2e by Boaowe�to Lender,in acxordance with the .°, .�- r�_ �- .
<br /> : or a
<br /> � *mminme.7TIC58 IIBIDS 3IE t�ICd "ESCtOw IiffiiS.° �'• ` `,,�,"'-» `
<br /> :. pmvisians of paragiaph 8,m lieu of the paymeat of ma�ge in�u�ce r- ^ � -
<br /> • . �s L.�dea may,at aay time,collect and hold Fimds m an amauat aot to exceed the maxannm amoant a leader for a federally related _ - .. ___
<br /> �;: mortgage toan may requse f o r B o a o w e r's e s a e w a c c a u n t i m d�r t b e f e d e a a i Real Fstate Settlement Procedmres Act of 1974 as g.:>�-.,�f,::.:,.,-",�_i.-._�"
<br /> s , amended from tiffie t�timc,12 US.C.Seaion 26t)1 et seq. ('RESPA),u�tess another taw that�es w the Funds sets a lesser � ; ,_._
<br /> � � ;.��..� amount. Tf so,I.endar may,at any time,collect and hoid£v�nds in an amount not w exceed the less�amount Lender may , '� . .:,�_
<br /> `� . ' '�`t esumate We amouat of Funds dae oa if�e basis of cunent dara and reasonable esumates of expendiUUes of Fuwre Escsnw Iter�ss or ::�.t:.�:,
<br /> �., . othera+ise in accordance with applicable law. - -- -� ,_•
<br /> ' The Fuads shall be deld in an instiuwaon whose deposiLs�re insured by a fedeial agea�cy.iasfnunentalitY.or enmY(including • . � �-:� .
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<br /> ' � Lender.if Lender is sucb an insu�tion)or in any Federal Home Loaa Bank.Leader sshall apply the Fuads tn pay tke Fscrow . . y'':=;=��;
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<br />..� Items.Leader may not charge Borcawer for ho2ding and aPPtyu►8 the Fmtds,annually analyzing the esecow accouat,or verifYing . ,...,q '-.:z--.
<br /> �s , the Esaow Itea�.unlesg Lender pays Bomnwer iaterest un the Funds and applicabIs faw pennits LEn�er w make svch a charge. .. :`�,.�-'-
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<br /> i;: Howeva.Leader asay r�uire Borrower to pay a on�time c6arge far an independe�►t real estate tax reporting service used by ,�
<br />-` , . l.ender ia conaection with th'ss loan,untess applicable iaw provides otheiaiss.Unless aa agreemc�t is made or applicable law , ,`�!�_
<br /> �� • ., requires interest to be paid.I.endcr sball not be requircd m pay Bom�wer eny intesest or eamings on the Funds.Bomnwer and �.Y......;,��-�_
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<br /> � iRnder may agre�in writin8.however.that interest shall be paid on thc Funds.l.ender shall give co Horrower.a+ithout charge,an _ __.
<br /> � ' annual accaunting of the Funds.showing credits and debits tn the Funds and the pasposc for which each dcbit to the Funds wav � � -"��
<br /> •: �..—a;.
<br /> ' � � made.'17ie Funds ar�Pledged as additional scxurity for all sums secured by this Security Inswment -:'�`"
<br /> • ' hcable taw.Lender shall account to Borrower for I� , 'r-
<br />`.:•:, ' � • ;, If the Fuads Aeid by Lender excced thc amounu peanived w be held bY aPP� ,. ��:?�'`:'
<br /> the enc.ess Funds�accordance with the requirements of applicabte law.If the amount of the Fun�s hetd by Lender at any time is , „ _-
<br /> � - not sufficie,nt to pay the lEscrow Items when due,Lend�may so nodfy Bonower in a�ritinng,and,in such case Bormwer shall pay '-�-��--
<br />_ :. '�,. �.
<br /> � W Lender the amount necessazyr to make up the deficieacy. Borrow�shall malce ap the deficieacy in no more than twelve . `�; �s .
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<br /> :::� _ • monthty payments.ai Lendea's sole discretion. .. ' :, ` .
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<br /> _� Upon payment in fuU of all s�uns secured by this Scxurity Instrument,Lender shall pmmptiy refund to Boimwer any Funds . 'ti---
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<br /> ° �� � . � . held by Lender.If,under paiagraph 21,Lendea shall acqu'ue or sell the Property.Lender,prior to the acquisition or sate of the , -
<br /> Aoperty,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured hy this . : °�=
<br />':�.� Secauity InsUUment • , „ , .,'L�
<br /> �•:' 3.AppHsatton of Paymeats. Unless appticable taw pr�svides othcawise,all pa}+ments rereived by Lendra tmder graphs ` . .'�"
<br />. . l and 2 shall be applied fust,w any PrePaS++neat charges due under the Notc;serond,w amounts pay�61e�d�'�raph 2; .
<br /> � � third,to int�est due:founh,w princiDal due:and last,to any tate charges due under tke Note. , �
<br /> �' 4.C6arges;Liens. Bacrcwer shtill pay all ta�ces. ass�.sments,charges.fines and impositions aanbutabte to the Property ' . ..
<br /> � • afiich may auain priority ovez this Security Inswmeat,and leasehold paymenis or gcomid rents,it any.Bomower shall pay these ' � :
<br /> ` ��• obligations in the manner provided in paragraph 2,or if not paid in that maaner.Borrower shaU pay them on time directly to the : .
<br /> ' ' ' person owed payment Borrower shaU pcomptly fumish to Lender all noSces of amounts to be paid under this paragraph.If . .
<br /> . Boaowar mak�these payment�direcdy.Boaowed shall promp0y Eumish w Lender receipis evIdencing the payments. . . .
<br /> .' Borrower shall promptly discharge any lien which ha9 priority ovea th3s Sec�uity Inswment unless Bormwer:(a)agrces in �
<br /> � � � . writing to the payment of ihe obligation secured by the lien in a manner acccptable to Leader;(b)cantests in good faith ihe lien : "• .
<br /> � by. or defends against cnforcement of the lien in, Iegal proceedings which in the Lender's opinion operate tn prevent the .. • , . �
<br /> ` � enforcement of the lien:or(c)sec�es from ihe holder of the lien an agreement satisfactory to Lender subordinating the lien to .
<br /> ' ;; this Security lnswmen�If Lender determines that any part of the property is subject to a lien which may attau�priority over this .
<br /> Secwity 1nsVUmcn�Lender may give Boaowcr a notice identifying the licn.Boaower shall satisfy ihe lien or take one or more
<br /> of the ac6ons set forth abuve within 10 days of the giving of notice. • � .
<br /> . Form 3028 9190 .. .
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