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<br /> TOGETHER WIZ'H all the imprcn•ements nou or hereafter erected on the propertJ•.and ai� ca+c�nen�+. appurtenanres.and , . :�t
<br /> tixtures no�� or hereafter a part of the prupert}. AU replacements and additiun� +hall al�u h� cu�ereS by thi. Security _ ` _
<br /> Instrument. AU uf the foregoing i.referred tu in thi.Serur.ty In.irument:i.,the"Prupert}. . , . .
<br /> ' BORROWER COVENAhTS that Burruw•er i,lawfull� �ei:eci of the.�tate hereb} cun��ycd:uid fia�the right te�grant and
<br /> �• com•e� the Propen}• and ihat tl�r Property i�unencumberctii. e+��ept fnr encumbr�nre.� uf re«�rd. Bottuu•er warrents and will � _'___ ,_ ,_-';-�
<br /> defend generall} the title to the Propeny again�t sll claims and demands.�ubject to any enrumbrance+ut record. - -;-
<br /> THIS SECURlTY itiSTRUMENT cumbine+uniform rm�en:int�for natiun:�l use 3nJ nnn-uniform cu.•enant. ���ith limited
<br /> �� : v:iriatium by jurixiiction to runstitute a uniform security in+trument cuvering re:il pmpert}•. - - -. "„- __
<br /> [1NIEORM COVENANTS.Borrower:tnd Lxnder cocenent and agree ati f��l{ows: `
<br /> � 1. Pa��ment of Principal and Interest; PeepaYment and Late Chac^ges. Bormw'er shssll promptly pay when due the ,
<br /> -- . . ' and am- re a ment and late charees due under the Note. �.� __ _
<br /> --� pnnc�pal of and interest on the debt evidencre!by the tiotc , P A Y _ - '�"
<br /> 2. Funds for Taxe�and Insurance. Subject co applicable law or to a written waiver by Lender. Borrower stiall pay to �; �-a
<br /> ,� -.+:..��i� a���m�.'Funds")for:(a)Yearly taxes . ,•
<br /> Lende:on the day monthly payments are due under tne ivoir,w�i►i ilie�.�tc�s F:.:..••••-- • -�- , -----
<br /> and a�.sessments which may attain priority over this Security Instrument as a lien on the Property:(b)yearly��a.Sehold payments ,. :T':;,u�`-,t �
<br /> � or ground rt:nts on the Prope�ty.if any:(c)year�Y hazard or property insurance premiums;Id)yeatly flood insurance premiums. . F.�� .
<br /> if any: (e)y�1y mongage insurdnce premiums. if any: and(� any sums payable by Borrower to Lender. in accordance with '�� . ---`
<br /> the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items are called"Escrow Items." --`��:_
<br />� Lender may. at any time. coltect and 'noi�i runJ�iu an aj�ivunt not i� ;,x� ihe.^.�.asim�!m amount a lender for a federally P-,=---.•.-.-.s�..r=-
<br /> , related mortgage loan maY require for Borrower's escrow acrnunt under the federal Real Fstate Settlement Proeedures Act of ��� •�
<br /> 197�1 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds .�•�, ��� .
<br /> sets x lesser amount. 'f so. L.ender may. at any time, collect and hold Funds in an amount not to exceed the lesser amount. "„ ; � .__F�: .
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonabte estimates of expenditures of future , `-��„_
<br /> -.-��-
<br /> �• Escrow Items or otherwise in accordance with applieable law. •. ,
<br /> The Funds shall be held in an instetutiou whose deposits are insured by a federal agency, instrumentaliry. or entity • n� •_=_=
<br /> (includin Lender,if l.ender is such an institution)or in any Federal Hame Loan Bank. Lender shall apply the Funds to pay the �����,.��_�
<br /> g . , r
<br /> . • � Escrow Items. Lender may not charge Borrower for holding and applying ttn Funds,annually analyzing the escrow account,or y��; ,,- _
<br /> . ; verifying the Escrow Items,unless Lender pays Borrower interest on[he Funds and applicable law permits Lender to make such �, ���'���i� .,-
<br /> e •
<br /> - a charge. However. Lender may require Borrower to pay a one-time charge for an independent real estate tax reponing service �;,�' ,'^: �:•� �
<br /> used by L.ender in connection with this loan. unless applicable law provides otherwise. Unless an agreement is made or
<br /> applicable law requires interest to be paid, Lender shalt not be required to pay Borrower any interest or earnings on the Funds. : •. a'�°� ��:��,`�
<br /> �6 ��:f...
<br /> Borrower and Lender may agree in writing, however,that interest shall be paid on the Funds. Lender shall give to Bonower. ,,�„ .Y .�:,
<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 aecurity for all sums secured by this Security Instrament. �:;���. _.
<br /> • If the FunJs held by Lcnder exceed the amounts permitted to be held by applicable law. Lender shall account to Sorrower ��: � '.�; �,
<br /> for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender at any .,. L.' ' '?��...
<br /> f. .:.,
<br /> • time is not sufficient to pay the Escrow Items when due.Lender may so notify Bonawer in writing,and, in such case Borrower •. :
<br /> . shall pay to Lender the amount necessary tn make up the deficiency. Borrower shall make up the deficiency in no mote than _�._ , g�
<br /> ' twelve monthly payments,at Lender's sole discretion. ~��-'=_=
<br /> ...�i��_,
<br /> Upon payment in full of all sums secured by this Security (nstrument. Lender shall prompily refund to Borrower any ..
<br /> �7al3••.
<br /> Funds held by Lender.If,under paragraph 21. Lender shall acquire or sell the Property.Lender,prior to the acquisition or sale ._ �rc�-:;,:•.z._
<br /> � `�-�:�-...
<br /> of the Property, shall app!y any Funds held by l.ender at the[ime of acquisition or sale as a credit against the sums secured by � *�r•--
<br /> �'�>-+a.�:
<br /> . - . this Security Instrument. � ;���_..�_ :
<br /> <• � 3.Applieation oP Payments.Unless applicable law providec otherwise,all payments received by Lender under paragraphs �x-,..=:'-_;��, ,._
<br /> � 1 and 2 sha11 be applied: first,co any prepayment charges due under the Note: second,to amounts payable under paragraph 2: � "'"""�-":`'=.:
<br /> '�b'�:.-,�-
<br /> � third.to interest due: fourth,to principal due:and la�t.to any late charges due under the Note. ._
<br /> ° 4.Charges;Liens. Bonower tihall pay all taxec. asscssments.charges, fines and impositions attributable to the Praperty ���� .i
<br /> a•hich may attain priority over this Security Inctrument, and leasehold payments or graund 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 directly •,;;;�`�"��- .-�-r�°�_
<br /> to the person owed payment. Borrower shall promptly furnish to Lender all noti�es of amounts ro be paid under this paragraph. .�:,;�i'�.y!!���
<br /> � if Borcower makes these payments directly,Borrower shall promptly furnish to C.ender receipts evidencing the payments. tis,,;_..::. ,�„—
<br /> Borrower shall prampdy discharge any lien which has priority over this Security Instrument unlesti Borrower:(al 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 /> :�-i.��..
<br /> by, or defends against enfarcement of the lien in, legal proceedings which in the Lender'a 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 �,,��.^V 4' .
<br /> ' . this Scxurity lnstrument. If Lender determines that any part of the Property is�ubject to a lien which may attain priority over _ , ��� . �
<br />� � this Security lnstrument. Lender may give Borrawer a notice identifying thc lien.Borrower shall satisfy the lien or take one or �
<br /> � more of the actions set forth above within 10 days of the giving of notice. � . ' �
<br /> Form 3028 9I90 � '.
<br /> Vaqo 2 01 6 - '- - �
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