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<br /> TOL'rETHER WTI'H all the improvements now or hereafter erected oa the property.and eli ea�em�nt,,appurtenanc��.:u►d • ,. ' � --
<br /> fixtures now or hereafter a part of the property. Al( replacements and additions sha!I also he covcrcxi hy this Securiry , . . -��:
<br /> Instrument.Al!of the foregoing is referred to in this 5ecurity Instrument as the "Property-" �
<br />�; BORROWER COVENANTS that Burrow•er is lawfully seised of the estate hereby conveyed and ha�the right tn grant and , . '°��
<br /> convey the Property and !hat the Property is unencumbered. except tor encumbrance.ti of record. Bortower w•anant,and will `
<br /> defend generally the title to the Property against all claims and demands.subjeet to any encumbrdnce�uf record. . �_
<br />.-� THIS SE�uRi'CY ItiSTR(i�fEtiT��mbin�s uniform�a:'ensnts for naiienal use and n�n-unifnrm cuvenants with limited _`_ _ _ _ _
<br /> 3 variation.by jurisdiction to constitute a uniform security instrument covering real property. . _4`� ' '''�
<br /> UNIFORM COVENANTS.Borrower and L.ender covenant and agree a+Culluws: -- __= 4__
<br /> 1. Payment of Principal and Interest; Prepayment and Late Chatges. Borrower shall promptly pay when due the ` , ,' - • _
<br /> , principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. _ _,��� *'��'
<br /> � 2.Ftutds for Ta�ces and Insurauce. Subject to applicable law or to a written waiver by Lender, Sorrower shall pay to __ �;��;:�" r +
<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 � - :-�;.:..���..,�.; �
<br /> �_,_ • - • .ti•.- c.......: r..�.......,.....,�.. �• ....•ti p- *.P*r.�• thi vr�rly leasehold oayments _ - -_
<br /> -- nlll�uaaca5iu:.MS:.::,�:;i^�:��:Q.^.:Z Y.:v..j.^.L':.:u..�w.u..:j..........,...u...�...S.,S22......�..�r....�. .-. �• — ---.= � -.-'`�— ��--
<br /> or ground rents on the Properry.if any:(cl year�Y hazard or property insurance premiums;(d)yearly flood insurance premiums, •��", .;i�,__,������,�r �:
<br /> if any: (e)yearly mortgage insurance premiums, if any: and (�any surns payabfe by Borrower to Lender, in accordance with R-�„�,^'�;'.
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insarance premiums.These items are ralled 'Escrow Items." - --
<br /> Lender may, at any time, coliect and hold Funds in an amount not to exceed the maximum amount a lender for a federzlly i: x, ��
<br /> � related mortgage taan may require for Borro�ver's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time. 12 U.S.C.SecKion 2601 et seq. ("RESPA"), unless another law that applies to the Funds ` ,�� _- -
<br /> seu a lesser amount. If so, Lender may. at any time, collect and hold Eunds in an amount no! to exceed the lesser amount. . .c � �_
<br /> ' �•. : �_�--
<br /> L,ender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future .�- •�•; ..t>; �,�.;
<br /> Escrow Items or otherwise in accordance with applicable!a«•. -�^ � ��°'`"`�'
<br /> The Funds shall be held in an institutioR whose deposits are insured by a Pederal agency, instrumentality, or entity �
<br /> — Ba�lc. Lender shall a 1 the Funds to pay the ���'. . -,.
<br /> (inc l u d i n g L e n d e r,i f L e n d e r i s s u c h a n i n s t i t u t i o n)o r i n a n y F e d e r a l H o m e L o a n P p Y � =�
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow account,or . *-'
<br /> -;,.: ;..�� } - `�..,_ �.
<br /> verifying the Escrow Items,unless Lender pays Bonower interest on the Funds and applicable law permits Lender to make such .,,.;y= - ; �,;
<br /> a charge. However. Lender may require Borrower to pay a one-time charge for an independent real estate tax reporting service �'7"'",'•`_ .
<br /> ,i
<br /> � used by Lender in connection with this loan. unless applicable law provides otherwise. Unless an agreement is made or ��►�• • : 4•'„
<br /> j applicable law requires interest to be paid. Lender shall noi be required to pay Borrawer any interest or earnings on the Funds. ._ ,::� ; .�
<br /> �`,�1 Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower. , . 1` :% '
<br /> `' without charge, an annual accounting of the Funds. showing credits and debits to the Fun ds an d t he purpose for w hic h eac h �/=�`.' s!�
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<br /> � debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. -��,'1- .�
<br />. if the Funds held by Lender excsed the amounts permitted to be held by applicable law,Lender shall account to Borrower `
<br /> � fo:the eacess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by i.ender at any i;
<br /> time is not sufficient to pay the Escrow Items when due.I.ender may so notify Borrower in writing, and,in such case Bonower .,}; ,..
<br />' shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than `�.�' .
<br /> ��_
<br /> ri�elve monthly payments,at Lender's sole discretion. ``''�( �}����
<br /> •. Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any �d'. � :-
<br /> • , Funds held by Lender. If,under para�raph 21.Lender shall acquire or sell the Property.Lender,prior to the acquisition or sale ` •
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by °•• ���
<br /> . this Security Instrument. - —�°._:-. �?J-
<br /> � ' 3.Applicatian of Payments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs
<br /> � 1 and 2 shall be applied: first, to any prepayment charges due under the Note:second.to amounts payable under paragraph 2; ����'
<br /> � ,•-i third,to interest due;founh,to principal due:and last,to any late charges due under the Nute. � ...
<br /> •' 4.Charges; Liens. Borrower shall pay all taxes,assessmenu,charges, fines and impositions attributable to the Property - �'
<br /> .�• :3-.
<br /> ' ' which may attain prionty over tn�s �ecurity instrument. anu irasenuiu paymen4�ur gruuuu rcm�. i;a�y• i������c� s!-�:,:�YNi ��`'"°' ...
<br /> ' these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on timc direcdy �":_ "
<br /> � ' to the person owed payment. Honower shall prompdy fumish to Lender all notices of amounts to be paid under this paragraph. ' '��� �
<br /> . '.�„�. " �.
<br /> If Borrower makes these payments direcdy, Borrower shall promptly furnish to Lender receipts evidencing the payments. . � • . _ . .'�
<br /> Borrower shalt promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees in , ;,�,��,...:.�,,,.; ��
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien " ' '
<br /> - by, ar defends against enforcement of the lien in, legal proceedings which in the Lender's o inion o erate to revent the '�`� �'"TT'� �
<br /> P P P h '�1,�;':.-.•-
<br /> � enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ������.
<br /> � . .s�•�e•,r��,._
<br /> this Security Instrument. ff Lender determines that any part�f the Property is subjut to a lien which may attain priority over ; �n�,,.�..;-, �
<br /> � this Security Instrument. Lcrt�er may give Borrower a noticc identifying the lien. Borrower shall satisfy the licn or take one or r . '
<br /> more of the actions set forth above within 10 days of the giving of notice. :`.•,-y,..•;,�..<-- �
<br /> Form 3028 g190 . . . ; � •
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