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<br /> . TOGETHER WITH all the�mpro�•emnnts no�v on c�reatter erected on the pmperty.;ind�Il�emeitt���314tc�.. and � ` . -
<br /> fixture� now ur hereafter a p:srt ��f the pmpeny. All replacement< :uid a d dition� �ha l l a ho he a��c��d h y t h�. S e c u ri t y � . ,� ��_
<br /> � •. tmtrument. AU uf th�f��rrgirinr n refc;rted to in th�.Security In.trument a+the "Property." . - `
<br /> � ` BURROWER COVE:tiAtiTS that Burruwer i, I�w�fully �eis�d uf[he��tate h�reby tum•eycd:�nJ h;i+lhe nght t���rrnt:►nd _.`•.` •
<br /> ' �onvey the Pr��pertp anJ th�t the Proper[y i, unencumher�Yi, exrcpt fnr cnrumbrancr� uf ntiurd. Burruu•er w;urant. and will ° .
<br />� defend generaliy thc t�tle tu[he Property again+t ait rlaim.:niJ demanS+.,ub�ect tu�ny encumbnutre�ui rr�ord.
<br /> TH[S SECURITY INSTRUM1tENT rtimbine+ uniti�rm aiven3nt+for nati�mal u�e and nun-unitiirm ruccn;u�t.with limited � . •
<br />:c""' variatiom by juri.diction to�on,titute:�unifurm.ecurity instrument covering rwl propert}. � ` : ��;` " =
<br /> -- UiViFORM COVE�A�3TS.Borrower and Lcnder rueen:snt and agree as follnw�: _ . _. __ ,
<br /> 1. Payment of Principal anal Ineerest; Prepayme�t as►d Late Charges. Barrower ,hall prumptl� psy „•hen due the . •
<br />� princip�al of and interest on the debt cvidenced by ihe Note and any prepayment and late rhargeti due unJrr thr Note. , �
<br /> 2. Fpnds for Taxes and Insurante. Subject to applicable law or to a viritten waiver by Lender. 9orrower �hall pay to _ ., ....
<br /> Lxnder on th�day monthl��payments are due urtder the Note,until the Note is paid in full.a�unt l"Funds")for:tal year�y taxes : - '�°`
<br /> � and a�+�essments which may attain priority over this Security lnstrument as a lien on the Property:tb)yrariy I�ehold payments 4 , .• �"�
<br /> ' ar ground renu on the Property,if any:(c)y�rly hazard or property insurance premiums;ldl yearly flaod insurance premiums. , . ``r�+E.�•� �
<br /> . . "' if any: le)yearly mortgage insurance premiums. if any: and (fl any�ums payable by Bonuwer to Lender, in aecordance with � Y:•
<br /> .��._';.�-.xr- 'r ..
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are called "Escrow Items." - ;:ai��.•_. -
<br /> � . . Lender may. at any time,collect and hold Funds in an amount not to eateed the maximum amaunt a lender for a federally -�'�H°"
<br /> —�r.. �.
<br /> related mort�age loan may require for Borrower's escrow account under the federal Real Estate Serilement Procedures Act of :
<br /> 1974 as amended fmm time to time. 12 U.S.C.Section 26(31 et seq. ("RESPA"). unless another law that applies to the Funds !';Y;..��.,�, --��
<br /> �� �
<br /> sets a lesser amount. If so, lxnder may. at any time, collect and hold Funds in an amount not to ex�eed ti�e lesser amaunt. .' _• .
<br /> �. Lender may estimate the amount of Funds due on the basis of current data and reasonable�timates of expenditu�es of future �c�'!
<br /> • . Escrow[tems or otherwise in acrnrdance with applicable law. ' - • '=.4
<br /> � The Funds tihall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entiry _„____,_s � �
<br /> .,�� _
<br /> : 5. '• (including L.ender,if Lender is�uch an institution)or in any Federai Home Loan Bank.Lende�shall apply the Funds to pay the . `
<br /> ' Fscrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account.or `* :.
<br /> verifying the Escrow Items, unless Lender pays Borrower interest on the Funds an d app li c a b le law permi ts L en der to m a k e s u c h �.,,• ,q ••�:j.`� .
<br /> � a charge. However, Lender may require Borrower to pay a ane-time charge for an independent real esiate tax reponing service ;.�;.
<br /> used by Lender in connection with this loxn, uniess applicable law provides otherwise. Unless an agreement is made or �:�;:.� , = _
<br /> • • applicable law requires interest to be paid.Lender shall not be required to pay Borrower any interest or earnings on the Funds. :r?=�- . �'�; �
<br /> Borrower and Lender may agree in writing. however,that interest shall be paid on the Fun ds. L en der s h a l l give to Borrower, ;
<br /> - without charge, an annual accounting of the Funds,shawing credits and debits ta the Funds and the purpose for which each ' �:{'•."
<br /> ' � debit to the Funds wac made.The F:::,�ds aze pledged as additional security for all sums secured by this Security Ir�strument. .
<br />� If the Funds held by Lender eeceed the amounts p�rmitted to be held by applicable law, L.ender shall account to Borrower uy� , _�,�:,��.
<br /> for the excess Funds in accarclance with the requirements of applicable law. If the amount of the Funds held by Lender at any •� -�., •�;- ;
<br /> time is not sufficient to pay the Escrow Items uhen due, l.ender may so notif}•Borrower in writing,and. in such case Borrower »>.
<br />- -~ , shall pay to I.ender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than �.*:• ' : ��:
<br /> twelve monthly paymenu,ac Lender's sole discreuon. _ _ - �;-'-'�`
<br /> � _;__ Upon payment in full of all sums secured by this Securiry lnnrument, Lender shall promptly refund to Borrower any =
<br /> ' Funds held by Lende�. If,under paragraph 21.Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale .. '�,�
<br /> � of the Property. shaSl��ply any Funds held by Lender at the time of acquisia�on or sale as a credit against the sums secured by � .. . —
<br /> �'-:��=
<br /> � � this Security Instrumer•c. --_ _�
<br /> 3.Application of Pay��nts.Unless applicable law provides otherwise,all paymencs received by Lender under paragraphs �„w�,..._.
<br /> � � 1 and 2 shall be appfied:first, to;..�y prepayment charges due under the Note:second,to amounts payable under paragraph 2; ���,
<br /> third,to interest due:fourth.ta principal due:and last,to any late charges due under the Note. �� _ �_--
<br /> � 4.Char�;es;Liens.Borrower shall pay all taxes, assessmen�s,charges. fines and impositions attributable to the Property
<br /> �:<<��,j:
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<br /> � which may attain prioriry over this Security Inscr�ment, and Ieasehold payments or ground rents, if any. Borrower shall pay
<br /> ` these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time dimctly '' ' • f "
<br /> . � • to the person owed payment. Borrower shall pmmptly fumish to Lender all notice.c of amounu to be paid under this�aragraph. -� ,,,���:�«'�� �
<br /> � - If Borrower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing the paymer.ts. 'L }_��, • '�� �
<br />�� Borrower shall r:romptly discharge any lien which has priority over�Iiis Security Instrument unless�orrower: (a)agrees in -F��
<br /> 7<-.:.:=.
<br /> � . writing to the paym�.�t of the obligation secured by the lien in a manner aax�table to Lender:(b)contests in good faith the lien .�;;,::��...,.
<br /> by, ar defends against enforce�r�a-:t of the lien in. legal proceedings which in the Lcnder's opinion operate to Frevent the ``.��rY"�"
<br /> � enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinatin�Q:e lien to { i� � '�
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<br /> � this Securiry instrument. If L.ender detertnines that any part of the Property is subject to a lien which may attain pr.ority over 'b`.�.
<br /> �� this Security Instrument,Lender may give Bonower a notice identifying the lien. Borrower shall satisfy the lien or take one or ,,,y�„ �,,:;,,��, �
<br /> � � more of the actions set forth above within 10 days of the giving of notice. ��'} ��r�����"`
<br /> w-��Witi%rr ;��.�rt..�
<br /> ..,'..,j':es*P��r,n..�y,,.,,
<br /> • form 3028 9180 ' .,
<br /> .. Pnqo 2 of 6 ��,
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