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<br /> ___—'_._._._._..._"'_._.__�.._..._....�-.�._.�_....._�__.�_'_"_.__"_'�._ _... . . '—_"_..__�.._..._._..._..____—_�_'_ _" _". .., .____ . " . . :,�„�_
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<br /> TOGETHER WITH all the improvements now or hereafter erected un che property.:►nd all w.�rnienc,, appurtcnance., and . � ' ,
<br /> � � Cixtures now or herrafter a part of the property. All replacements and addition� +hall al.n tr co�•ered by thi. Security , . _
<br /> Instrument. AII of the foregoing i�referred to in this Security Instrument ati the"Pmperty." ^ � ;
<br /> ' BORROWER COVENANTS that Borrawer is lawfully seised uf the e+tate hereby romey�tii�nd hss the right to grant and __
<br />- y convey the Property and that the Property i�unencumbered, except for encumbrances of rnoni. Burrower warrant, snd will . ' � ,
<br /> � defend generally the tit!e to the Property against all claims and demand+. +ubject tu any enrumbr.uurti ul re�urd. • � �,
<br /> �3 THIS SECUP�ITY INSTRUMENT combines uniform covenant+!ur national u�e and non-unifi�rm�ovenants w�ith timited - .---- - - - '"
<br /> " variations by jurisdiction to constitute a uniform security instrument cuvenng real prn�rty. .. . � . .
<br /> UNIFORM COVENANTS.Borrower and I.ender covenant and agree a+follows: �
<br /> � 1. Paytnent of Principal aud Interest; Prepayment and Late Charges. Borrower �hall prumpdy pa}• when due the _ '":°- _�
<br /> } principal of and interest on the debt evidenced by the Note and an��prepayment and latz charges due under the Note. - �'- � _ � r
<br /> 2. Funds for Ta�ces and IInsuranee. Subject to app licab le law or to a written waiver by I xn der. Bo r r o w e r s h a l l p a y t o . ,
<br /> ,,t - .
<br /> :; Lender on the day monthly payments are due under the Note.until the Note is paid in full,a sum("Funds")for:(a)yearly taxes =-�;;�g�. .,,_,
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Propeny:Ib)}•early leasehold payments . -
<br /> �� or ground rents on the Property,if any:(c)yearly hazard or property iasurance premiums:fd)yearly flaod insurance premiums. • �_�. ,<.;•.
<br /> L if an : !e)yearl mon a e insurance remiums, if an , and (�an sums a able b Borrower to Lender, in aceordpr►ce with , �v�'� �- �T���
<br /> Y Y 8 8 P Y' Y P Y Y __�,'ss.t.�:
<br /> � the ptovisions of paragraph 8. in lieu of the payment of martgage insurance premiums.These items are called"Escrow[tems." , �� _
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally . ":���`��.��,.
<br /> rzlated mortgage loan may require for Borrower's escrow account under the fed.era! Real Fatxte S:.ttlement Pracedures Act of . �:�';,.�'�
<br /> 1974 as amended from time to time. 12 U.S_C. Settion 2601 et sey. 1"RFSPA"),unless another Saw that applies to the Funds `,•r ,���,n�.=—
<br /> seGS a lesser amount. If so. Lender may. at any time, collect and hold Funds in an amount not to exceed the lesser amount. ... ,..�:.. �:===�_-
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expendi[ures of future �'--- � y �
<br /> ' �'�` Escrow Items or otherwise in accordance with applicable law. . r. •, �`.` �����;
<br /> 4�, The Funds Shall be held in an institution �vhose deposits are insured by a federal agency, instrumentality, or entity . ' ���"-
<br /> .. �,�•.
<br /> (including Lender,if L,ender i�such an intititution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the �•
<br /> '` Escrow Items. L.ender may not charge Borrower for holding and applying the Fund�,annually analyxing the escrow account.ar _ .
<br /> verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits Ixnder 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 /> us e d by I.en der in connec tion wi t h t h i s l o a n. u n l e s s a p p l i c a b l e l a w p r o v i d e s o t h e r w i s e. U n l e s s a n a g r e e m e n t i s m a d e a r • '°`�`� '�;.:�.•,
<br /> ,�.�_
<br /> applicable law requires interest to be paid.Lender shall not be required to pay Borrower any intermst or earnings on the Funds.
<br /> :.�,;� `;.'�.. ,
<br /> Borrower and I.ender may agree in writing, however, that interest shaU be paid on thc Funds. Lender shall give to Borrower. ,�:�; - 1?
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the parpose for which each �� �
<br /> debit to the Funds was made.The Funds are p(edged as additional ae�:urity for all sums secured by this Security Instrument. �'���. � ��� �''
<br /> � if the Funds held by L.ender exceed the amounu permitted to be held by applicable law. L.ender shall account to Borrower �' �r '`S� "
<br /> .�� Y
<br /> � for the excess Funds in accordance 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 when due.L.ender may so notify Borrower in writing,and,in such case Borrower � : • - �'-^-
<br /> shall pay to Lender the amount necessary to make up the deficienty. Borrower�hall make up the deficiency in no more than ' Y '�`'
<br /> twelve monthly payments,at Lender's sole di.cretion. _ •, ,.�`�
<br /> Upon payment in fuU of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any -:---:,_
<br /> Funds held by Lender.If, under paragraph 21. Lender shall acquire or,ell the Property.Lender,prior to the acquisition or sale _�_'�:'����j-'
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition or sale ac a credit against the sums secured by __
<br /> .:-'������, ;
<br /> this Securiry Instrument. 4 ="' ;°
<br /> � 3.Appltcation oP Payments.Unless applicable law provides athenvise.aU payments rcceived by Lender under paragraphs ';���� .�.z-��•'
<br /> i and 2 shall be applied: first, to any prepayment charges due under the Note; second,to amounu payable under paragraph 2: E�"� - _
<br /> third,to interest due:fourth,to principal due:and last,to any late charges due under the Note. "�.�,,,��,�,� _
<br /> 4. Charges; Liens. Barrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Praperty ___ .-___ --- _.
<br /> which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay ° �, q*'T*+�,�,
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay thcm on time directly �;; '����.a� -
<br /> to the�►erson owed payment. Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. �"�'`.~� _,
<br /> _-�,:�-:-�-.�-...._.._.
<br /> If Bonower makes these payments directly.Borrower shall promptly fumish to Lender receipts evidencing the paymentti.
<br /> . Barrower shall prompily discharge any lien which has priority over this Security lnstrument unless Borcower: (a)agrees in , •''����
<br /> � writing to the payme�t of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the lien ' ��'�`�_��"'•`�`""
<br /> by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the . -�'����T`�-
<br /> enforcement of the lien: or(c)secures f'rom the holder of the lien an agreement satisfactory to Lender subordinating the lien to ''�����J' _
<br /> this Security Instrument. If Lender determines that any pan of the Property is subject to a lien which may attain priority over �'� ���y�-� ' -
<br /> this Security Instrument. Lender may give Bonowcr a nntice identiiying thc lien. Bonuwer tihall wtisfy the lien or take one or .. �' �.,.,,,*_`.::;.
<br /> " morc of the actions set forth above within 10 days of the givin�;uf'noiice. ' � '
<br /> Form 3028 9190 • � ' - _.. .
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