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<br /> TOGETHER NfTH all the improvements now or hereafter erected on the property.and all easemenu,aPPurtenances.and ��. •, •
<br /> . • fixtures now or hereaRsr a parc of the pmperty. All replacemenis aad additions shall also be covered by d�is Sexuriry .. . : �.•� _-
<br /> Inst�ument as the°Propea3+•" '• .;�' '=�• `_
<br /> Instrumeni.AIl of the foregoing is referred to in this Security . ,. , .
<br /> BORROWER COVENANTS that Borrower is lawfulty seised of the estate 6ereby convey�and has thc right to grant and � ...,`:--
<br /> - �� � convey d�e Prope►Ty and that the Property is unenwmbered.except for encumbrances of rec°rd. B°*r°wer warrants and will `` ''',.. .
<br /> ��.:F—`�._, all ciaims and demands.subject to any encumbrances of record. a ;
<br /> -:-� defend generslly the title to the Property against ; �. �
<br /> , - THIS SECLTRTfY INSTRUMENT oombines unifonn wvenants for natiom!use ana non-uniform covenants with limited °y — _4 -�
<br /> G; , variations by jurisdiction to constitute a uniform security instrument covering real proPertY- J .
<br /> UNIFORM COVENANTS.Berrower and Lender covenant and agtee as follows: ,
<br /> gte
<br /> . _ + l. Payment of P�3ttcfpal and Infereshs�PaFm�tt and Late Ci�a�ges. 8orrower shall promptly pay when due the _—
<br /> `r principal of and interest on the debt evidenced by the Note and anY Prepayment aud late charges due undes the Note. < . �.-
<br /> ' Z.Fnnd4 for Taxes an�d Insvrance- Snbject to applicable law ar to a written waiver by Lender, Boaower shall pay to ,` ;�
<br /> ` � . � Lender on the day monthly payments are dne ander the Note.unti!the Note is paid in fall,a sum("Funds")for.(a)yeazlY taaes - , '. �<.�: .
<br /> � Instrument as a tien on the Property.(B)Year1Y leasehold payments _
<br /> . and assessments which may attain priority over tisis Sewrity p �1 flood insurance premintns. �``.:' '
<br /> . ... . '.. . or ground rents on the Property.if any;(c)YearlY hazatd or pmperty insurance reauums:(d)Y Y v =
<br /> . , _ if any; (e)Year1Y mortgage insurance premiwns, if any:and lf?anY sums payab2e by Borrawer to Ixnder.in accordance arith :
<br /> o remiums.These items are called"Escrow Items." ' t � .}_�- -
<br />� ', the provisions of pazugraph 8, in lieu of the payrnent of mortaage insarance p ; , .
<br /> ' � Lender may. at any rime.culter.t and hold Funds in an amnunt not to exceed the uraximum amount a tender for a federally .."r_
<br />_ �` retated mortgage toar►maY re9uire far Borrower's esemw account under the federal Real Fstate Settle►nent Procedures Ad of
<br /> ' 1974 as amer.ded from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA°)•unless another law that applies to the Funds �
<br /> ' '�.� `� ' .���. sets a tesser amounG If so. Lender may. at any time.colled and l�old Funds in an amount not to excxed the lesser amount. _ -r__
<br /> - :��� • --
<br /> I.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future . �----
<br /> �. ;�• Fscrow Items or otherwise in accordance with applicabte la�v.
<br /> .;y The Funds shall be held in an institutian whose deposits are insured by a federal agency, instrumentality, or entity �-�'�
<br /> =+._��-'. � -.�.. . (induding Lender,if Lender is such an institurion)or in any Federal Hnme Loan Bank•1-ender shall apply the Funds to pay the _
<br /> � - Fscrow Items.i..ender may not charge Borrower for holding and applying the F�mds. �le aw ermgts1Le der t make su h . ' ,•.��A:
<br />.�� � � •. verifying the Escrow Items,unless Lender pays Borrower interest an the Funds an pp P . : • ��-
<br /> l `' . � a charge. However,l.ender may require Eorrower to pay a oue-time charge for an independent real�state tax reporting service � . ��v_
<br /> �-�. � . used by Lender in connection with this loan. uniess applirable law provides otherwise. Unless an ageement is made or ��;
<br /> . � applicabie law requires interest to be paid,Lender shall not 6e iequired to pay Borrower any interest or eamings on the Funds. ;'�,��-
<br /> ` Bonower and Lender may agee in wriring,however,that interest shall be paid on the Funds. Lender shall give to Borrower. :`,�_��'
<br /> .� without charge, an annua1 accaunting of the Funds, showing credits and debits to the Funds and the purpose for which each . �^
<br /> " debit to the Funds was made.The Funds are pledged as additional security for all sums secureA by this Security tnstrument. _�-
<br /> � If the Funds held by lxnder exceed the amounu permitted to be hetd by applicable taw.Lender shall account to Borrower _� _
<br /> " � for the excess Funds in accordance with the reyuirements of apglicable law.If the amount of the Funds held by i.ender at any .,_=,_
<br /> ' time is not sufficient to pay the Escrow Items when due.l.ender may so notify Borrower�.n writing.and,in such case Borrower . . ... �--,.;_.
<br /> �•�:�.a:��.:
<br /> ' shall pay to Lender the amount necessary to make up the deficiency.Borrower shall make up the deficiency in no more than , `�,T_.
<br /> • � � • twelve monthly paymenu,at Lender's sole discretion. .
<br /> � � •• Upon payment in full of all sums secured by this Security Instrument, l.ender shall prompdy refund to Bonower any .� .`��_
<br /> !� ' h 2I, Lender shall acc�uire or sell the Property. Lender.prior to thc acyuisition or sale �� _
<br /> � Funds held by i.ender.If,under paragrap �.��� ��-
<br /> � of the Property.shall apply any Funds held by Lender at the time of acquisitian or sale as a credit against the sums secured by � .._
<br /> this Security Instrument. � • � . ��=�
<br /> .- � � 3.Applteation of Payments.Unless applicabte law g due u derht e Note: second,�t amou�pay bte under paragrapfi 2: . ��;t'.,s�-•
<br /> ':•'.� 1 and 2 shall be applied: first.to any prepayment charge
<br /> third.to interest due:faurth,to principal due;and last,to any late cfiarges due under the Note.
<br /> � 4.Charges:Liens.Borrower shall pay all taxes.assessments. charges,fines and impositions attributable to the Property .
<br /> � � � which may attain priority over this Security instrumcnt.and leasehold payments ar ground rents. if any. Borrower shall pay
<br /> � � � � these obligatians in the manner provided in para�raph 2,ar if not paid in that manner.Borrower shall pay them on time directly
<br /> . to the penon owed payment. Bonowcr shall promptly fumish to L.ender all notices of amounts to be paid under this paragraph. . ,
<br /> •• If Borrower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing che payments. ,�.,
<br /> '''� � . Borrower shall ptomptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees in , ,
<br /> : ' . ' writing to the payment of the obligation securc;d by the lien in a manner acceptable to Lender;(b)wntests in good faith the lien
<br /> , � ' by. or defends against enforcement of the lien in. legal proceedings which in thc l.ender's opinion operate to prevent the .
<br /> � enforcement of the lien;or(ej secures from the halder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> • � this Security lnstrument. lf l.ender determines that any part of the Property is subject to a lien which may attain priority over , �
<br /> " � � this Security Instrument. Lender may give Borrower a notice iJentifying the licn. Borrower shaU satisfy the lien or take one or .
<br /> • more of the actions set forth ab�+ve within 10 days of the gi�ing of notice. , ,
<br /> • Form 3028 9/�J0 �
<br />.- Pa�o 2 ot 6 � ' •� "
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