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<br /> TOGETHER WITk all thc impro�•ement+no���or hereaRer erected on the property.anJ�1!�asea:cn jp�p��s•and , ' , ����,
<br /> fixturea now• or hereafter x pan of the pmperty. All replacements and additi�ns .h:tll atw be covered by this Security �'_
<br /> • Instrument. All of the foregoing i�referred to in this Security Inawment as the"Property•" . . � ` °.
<br /> s BORROWER COVENAN7'S that Borro�cer is laa�fully sei�e41 of the e�tste hereby com•e}�ed and ha�the right ta grant and � _
<br /> convey the Propeny� :uid [ha[the Property is unen�umhered, exrrpt for encumbranreti uf murd. Burrower warrants snd will -. - �. • ?•.;_-...__
<br /> defend generally the titlr to the Property again�t all claims and demands,subjert to any encumbrance-�uf rec�rd. � f° ' • _
<br /> THIS SECURITY iNSTRUMENT combine.uniform covenants fur national use and nan-unifi�rm covenant� with limited _ _
<br />, variations by jurisdicUOn to con}ptute a uniform�ecurity instrument wvering real property. • . ____
<br /> UNIFORM COVENANTS.Borrower and L.ender covenant and agree as fi�llows: • ��y�
<br /> 1. Payment of Pr[ncipal and Interest; Prepayarent nnd Late Charges. Borrower �hall pmmptly pay when due thc � _
<br /> principai of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Not�e. ::_��__.:.�.��;�'_a
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<br /> 2. Funds for T�xes and Iasurance. Subject to applicable law or to a written u•aiver by Y.ender, Borrower shall pay to __
<br /> • Lender on the day monthly payments are due under t4�e Note,until the Note is paid in fuil,a sum("Funds")for:lal year1y taxes ``,;Yt�� - ___
<br /> and assessmenu which may attain priority over this Security lnstrument as a lien on the Property:(b)yeariy leasehold paymenu _ �s=��:r-_��-—•
<br /> ' • or ground rents on the Property.if any:(c)yeai'ly hazard or property insurance premiums: Id)yearly flood insurance premiums. ' "��
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<br /> if any: (e)yearly mortgage insuiance Qremiwns. if any: and(�any sums payable by Borcower to Lender, in accordance with . ;,- --
<br /> �, >:"-
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are called"Escrow ltems." , .,�--;,�_,,-��j,_
<br /> Lender may, at any time. collect and hold Funds in an amount not to exceed [he maximum amount a lender for a federally .:,4{_��,-�_
<br /> related mortgage loan may require for Borrower's perow account under the federal Real Estate Settlement Procedures Act of .. _ �_
<br /> � 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds _ �_ ��-�-`:
<br />•y��.. sets a lesser amount. If so. Lender may, at any time, collect and hold Fund� in an amount not to exceed the lesser amount. ;
<br /> _ �:'°�:
<br /> [.ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expend+tures of future _ .� ; _
<br /> Escrow Items or otherwise in accordance with applicable law. • �" �_ �"
<br /> ���' The Funds shall be held in an ins[itution whose deposits are insured by a [ederal agency. instrumentality, or entity �.-�:�ss
<br /> •w.,.^ �J--•�-- • .
<br /> �;:;r;. (including Lender,if Lender is such an institutian)or in any Federal Home Loan Bank.Lender shall apply the�unds to pay the �,,
<br />'. Escrow Items. Lender may noi charge Borrower for holding and applying the Funds,nnnually analyzing the escrow account,or ``* _ _ '.'t ��•_
<br /> � verifying the Escrow Items.unless Lender pays Borrower interesc on the Funds and applic;able law permits I.ender to make such ,
<br /> ` : a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service . " .
<br />� '�•�' used by Lender in connection with this toan. unless appliqble law provides e:herwise. Unless an agreement is made or � -
<br /> '•ii�..-.. �'.,._
<br /> �'`�•`' applicable law requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. , ..
<br /> Borro�ver and Lender may agrec in wtiting,however,thai interest shall be paid on the Funds. Lender shall give to Borrower, �'�
<br /> � t°l.
<br /> • without charge. an annual accounting 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 securiry for all surns secured by this Security Instrument. ��ij : ` ��
<br /> :s;,:' If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall acc��at to Borrower {.•
<br /> ���?_'• for the excess Funds in accordance with the requirements of applic2ble law. If the amount of the Funds held by Lender at any � •f� -
<br /> � time is not sufCcient to pay the Escrow Items when due.Lender may so notify Borrower in writing,and,in such case Borrower r`;��_���
<br /> shall pay to Lerder the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than • • �i�:,�-'"'
<br /> twelve monthly payments,at Lender's sole discretion. F`�`;.�'a�.=
<br />� Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any :.:��+�F_f w .
<br /> Funds held by Lender. If,under paragraph 21. I.ender shall acqoire or sel l the Propeny. Lender,prior to the acquisition or sale �j��
<br /> of the Propeny,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by R`�'�__._-_,._���---
<br /> �.-s-.� _��._.
<br /> . this Security Instrument. _�
<br /> • , 3.Applicatton of Payments.Unless applicable law•provides othetwise,all payments received by l.ender under paragraphs _ __
<br />=- . 1 and 2 shall be applied: fi�st, to any prepayment charges due under the Note; second, to amounts payable under paragraph Z: • -
<br /> third,to interest due:fourth,to principal due;and last,to any late charges due under the Note. �?',`.��.�_
<br /> � 4. Charges;Liens. Bonower shall pay all taxes,assessments, charges, fines and impositians attributable to the Property •• :• •�
<br /> which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shal! pay ��"_
<br /> - these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time directly . ����_.•��
<br /> to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. "�"�""` LL� `�"
<br /> _-.a,M,,�,w��.
<br /> • If Borrower makes these paymen�s directly,Borrower shall promptly fumish to I.ender receipu eeidencing th�payments. � ' • � �^�
<br /> Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Bonower:(a)agrees in ._:>*.!�*„�--
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender.Ib)contests in goad faith the lien `::�;.�;,�^'��.�.
<br /> � by, or defends against enforcement of the lien in. Icgal proceedings which in the Lender's opinion operate to prevent the . .- __
<br /> enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ,-.:;..,.. ,��� •
<br /> ' this Seruriry Instrument. If Lender detertnines that any part of the Property is subject tn a lien which may attain priority over . . � .. . � '` '
<br />° this Security Instrument. Lender may give Borrower a notice identifying the lien. Horcower tihall satisfy the lien or take one or 1 `��
<br /> • more of the actions set forth above within 10 day�of the giving af notice. .,��� =:•�,�
<br /> Form 3020 9190 � '" "'��
<br /> Paqn�ol 6 x . . �-
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