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<br /> �� ` 'DOGE7'f�R WITH all thc improvements now or he,reafter erected on the propc,rty.and all mtements.aPPurtenances.and ' . �
<br /> ; : fn�mres now or heceafter a pan of the property.Ali replacements and additions shall also be wvered by this Securiry Inswment ,� •
<br /> ° . All of the foregoing is refeared w in this Security Instrument as the"PmP�Y-" j �
<br /> � � BORROWER COVENAN'fS that Borrower is lawfully seised of the estaie hcreby wnveyed and has the right to gcant and � - - -
<br /> -- - � -' convey the Property and that the Property is unencumbeaed,ea�cept for eacvmbrences of record.Borrower wanants and wiD E,< �t ,---°°
<br /> i defead generally the title tn the ProPertY a8ain�t all claims and demands.subjep.to any encumbrances of zecord. � � • . .
<br />- Tl�IIS SECURITY INSIRUNN�NNT combines nniform coveuanis for national use and non-unifarm covcnanu with limited � . .
<br /> , � variations by jurisdiaron tn constitute a uniform security instmment cavering real property. ' '
<br /> UNIFORM COVENAN7'S.Baaower attd Lender covenant�d agree as folIows: . ,; �-
<br /> � .�; 1.Payment�f Priacipal and Inierest;Prepayment and Late C6arges. Bormwer shall prompdy pay when due the
<br /> ` � • 'I principal of and'mterest on the debi evidenced by the Note and any prepaym�t and late ch�ges due wder the Note. � � �-!:
<br /> - ._„���,�.
<br /> ' - , � 2.FandS for Taxes and Insuraao� Snbject to appficabte law or to a wriuen waiver by I.ender, Borrower shall pay w ' �
<br /> Lender on the day monthiy payments are due under the Note,until the Note is paid in full,a s�m("Funds")for.(a)yearly taxes �� J�,F��
<br /> ' and ass�n�ts wluch may attain priority over this Security Instrument as a lien on the Propeaty;(b)yeacly leasehold paymenu '_ -,-�`�}
<br /> , or ground rents on the Property,if a11y:(C}yCazly hazard or piopea[y'tnsv�ance prCmiams;(d)yeerIy fload IDsltraricc nmaninmc,�'
<br /> CA1 � �- ' .
<br /> �Y:(e)Y�Y��Se insurance Premiums,if anY;and(�anY s�ns PaYab2e by Borrower w Lend�.in accordance with the ( , --
<br />:�`;'�� visians of ara h S, in lieu of the � .�..`'"
<br /> ' Pi'� P S�P PaY�i of mortgage insurance psemiuuu. lhese items are raited "Esarow Items.°
<br /> ��• ` Lender may.ai any tune.collect and hold Funds in an amount not w accced ths maximum amount a lender for a federally related —
<br /> � � mastgage loaz�may�equi�e for Borrower's escrow acconnt nnder the fed,cral Rcal Estate SeNement Procedures Act of 3974 as �� - ., �•-° .`'
<br />.-; . ,., . amended from time w time.l2 U.S.C.Secpion 2601 et seq. ("RESPA'�,unlcss anothe,r law thai applies tn the Funds sets a l�ss� � " �:•
<br /> amonn� If so. I.ender may,at any time,coltect and hold Funds in an amount not to exceed the lesser amo�mt t.ender may , R--
<br /> • , .-;:�.;;.r
<br /> eswnate the amount of Funds due on the basis of purent data and reasonable estimates of expendidues of fuwre Fscrow Items or ' �°-`�
<br /> T�� � otherwise�accordance with appHcabte law. F ����- _
<br /> _ . ... Tke Funds shaU be held in an ins6tution whose � . �. - -
<br /> � .. deposits are insured by a fedeaal agency,insuumentality.or entity(including �:
<br />� -k Lender,if Lender is such an�stitution)or in any Federal Home Loan Bank.Lender shall apply the Funds m pay the Escrow
<br /> � �.. i __.
<br /> '� , Items.Leader may not charge Bomowe.r for hotding and applying We Funds,annually anatyzing the escrow account,or verifying - __
<br /> •�� . ' the Fscrow Items,untess Lender pays Bonawer interest on the Funds and appliqbte law permits I.ender to matce sach a charge. ; �i�-�
<br /> �+� Howev�,Lender may require Borrawer to pay a one-time charge for an independent real estate ta�c reporting service ussd by - ,
<br /> • ,. , Lenda in wnnec6on with ihis loan,unless applicable law provides otherwise.Unless an agneemenc is made or appGcable law . ;:.�
<br /> � requues interest to be paid,Lender shall not be required to pay Borrower any interest or eamings on the Funds.Borrowes and . � • '�'�
<br /> v . � Lender may agree in writing,however,that interest shall be paid on the Funds.Lended shall give to Borrower,without chargc,an ••��.'�`
<br /> .; annual accaunting of the Funds,showing credits and debiu to the Funds and the puapose for wtuch each debit w the Funds was �; „.
<br /> . - made.The Funds are pledged a4 additianal securiry for atl sums secured by this Sea�rity Insuvment . ~;%�-`
<br /> ,:?,�cs=
<br /> �'� If the Funds held by Lender eaceed the amounts pemrittcd to be held by applicable law,Lender shap account w Borrower for � � ' ```
<br /> � the excess Funds in accordance with the requirements of applicable 1aw.If the amount of the Funds held by Lender at any time is "''��`n-
<br /> � _ ' not sufficient w pay the Escrow Items when due.l.ender may so notify Borrower in writing,and,in such psc Bonower shall pay . • ' w�
<br /> to Lender the amount necessary to make up the deficiency. Borrower shall make up the defciency in no more than tarelve . �'-
<br /> � � monihly payments,at Lender's sole discretion. �� � "�
<br /> �;, Upon payment in fiill of all sums secured by this Security Inswment,L.er�der shall promptly refund to Borrower any Funds . � -�;`,
<br /> --. 1 held by Lender.If.under paragraph 21,Lender shaU acqu�e or sell the Property.l.ender,prior to the acquisidon or sale of the .
<br /> ' � '. -.`f Property,shall apply any Funds heid by l.ender at the time of zcquisition or sale as a credit against the sums secured by this .,_
<br /> �:� ' � Sccurity Instrumcnt. .
<br /> �,%.� , � 3.AppiIcation of Payments. Unless applicable law providcs othcrwisc,all paymenu rcccivcd by I.cndcr undcr paragraphs � �
<br /> ?. , � l and 2 shall be applied: fust,w any prepayment chargcs due undcr ihe Notc:second,to amounts payable under paragraph 2; �
<br /> third,to interest duc:founh.to principal due;and last,to any late charges dae under the Note.
<br /> ; 4.Charges;L�ens. Boaower shall pay all taues.assessments,charges,fines and impositions attributable w thc Property : � . ,
<br /> f which may attain priority avcr this Security lnstrumcnt,and leaschold payments or ground rents,if any.Bonower shal]pay tt�ese . -
<br /> � o b ligations in U te manncr provi d e d in paragrap h 2,or i f not pai d in ihat manner,Boaower shall pay thcm on time dirccily to ihe r , �
<br /> pctson owed paymen� Borrower shall pmmpily fumish to Lendcr all noticcs o!amounts w be paid under this paragraph. If ,
<br /> �. . � Borrower makes these payments d'uecdy.Borrower shall prompUy f�unish to Lender receipts evidencing the payments. ' :.
<br /> Borrower sha11 prompUy discharge any lien which ha5 priority over this Security insuument unless Borrower:(a)agrees in
<br /> ' � writing to the payment of the obligation secured by the lien in a manner acceptable to l.cnder;(b)contests in good faith the lien . � .
<br /> � by, or defends aga3nsl enforcement of thc lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> i � � enforcemeni of the licn:or(c)secures trom the hotder of the lien an agreement sadsfacwry to Lender subordinating the lien to .
<br /> � this Sccurity Instrumcnt.If Lcndcr dctcrmines that any part of thc Propcsty is subjcct to a licn which may auain priority ovcr this
<br /> Sccurity lnstrumen�Lcndcr may givc Borrowcr a notice idcntifying the licn.Horrowcr shall satisfy the licn or takc onc or more
<br /> . ; of thc acuons set forth abovc within 10 days of thc giving of nodcc. �
<br /> Fo�m 3028 9190
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