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<br /> ��.� ��e��a� �=--
<br /> � TOGETHER W[TH all the impro�•ernents now or hereafter erected on the propert}�. and all w.'ement>.appurtenan��.and �t. � •� �� f�
<br /> fixtures now or hercafter a part of the pmperty. All replacements and additions shall ahu be cavered by thi+ Secunry � --
<br /> Instrument. AU of the foreguing i,referred to in thi�Sc�:urit} Instrument ay the"Prapeny." • `, " _
<br /> BORROWER COVEIYANTS that $orrower is lawfully +eised of the e,tate he:eby conve}•ed and h:u ttr_• nght ta grant and • , ,. �,""l
<br /> � ronvey the Property and that the Property i� unencumbered, except tor encumbrances of rewrd. Barrower a�3rrant, and will . " . _
<br /> � ciefend generaUy the title to the Property against all claims and demands,subject to any encumbranceti of record. , _-
<br /> .t. THIS SECURITY INSTRUti1ENT combines unif��rm co�•en:uits for national use and non-unifiirtn co�•enant+w•ith limited . _ _
<br /> - variationti by jurisdiction to constitute a uniform+ecurity instrument co�ering real propeny. . .
<br />- - U�iiFORM COVi ENANTS. Burrower and Lendcr cuvenant and agree as follows: _.. - _ _._ __ ' _
<br />• 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower �hall promptly pay when Jue the � ,.
<br /> principal of and interest on the debt evidenced by the!lote and any prepayment and late charges due under the Nute. . ` � -
<br /> • 2. F'unds for Taxec and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower�hall pay to _ '<.� ,
<br /> Lender an the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for: lal yearly taxes _, _ �_ � _ _
<br /> and assessments which may attain priority over this Security Instrument as a lien on the Property:(b)yearly leasehold payments � • ^ .
<br /> � or ground rents on the Property,if any:Ic)yearly ha�ard or property insurance premiums:(d)yearly flood insurance premiums, ,. � �`_ _,_'
<br /> �;�•.._. .
<br /> � if any: le)yearly mortgage insurance premiums, if any: and(�any sums payable by Borrower to L.ender, in accordance with ' �=:=.---r_�. _
<br /> ' the provisions of paragraph 8, in lieu of the payment of moRgage insurance premiums.These items are called "Escrow Items." . �,.:�,v�,•;�-=-�.
<br /> ;�' C.ender may. at any time, collect and hold Funds in an amount not to excced the mauimum amount a lender for a federally '.�
<br /> : related mortgage loan may require for Borrower's Cscrow account undet the federal Real Estate Settlement Procedures Act of � �-'L'���
<br /> 1974 as amended from time to time. 12 U.S.C. Section 2b01 et seq. ("RESPA"),unless another law that applies to the Funds , . .
<br /> sets 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 af current data and reasonable estimat�of expenditures of future ., '�`�'�x:' _-_
<br /> �.' Escrow[tems or otherwise in accardance with applipble law. _ � %�� '��'-�-
<br /> � �- The Funds shall be held in an institution whose deposits are iruured by a federal agenry, instrumentality. or entity - ..- . �` ��=
<br /> _�'.�-__'i�r.:
<br /> (including I.ender, if Lendes is such an institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the -'_�- �_
<br /> Escrow Items. L.ender may not chazge Bornower for holding and applying the Funds,annually analyzing the exrow account.or r, ; • . ��j''��
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such �`�.
<br /> ..•,� _.
<br /> a charge. I-lowever, Ixnder may require Borrower to pay a one-time charge for an independent real estate tax reporting service •_ ;r• ---���•'yI . '
<br /> used by Lender in connectian with this loan, unless applicable law provides otherwise. Unless an agreement is made or - �
<br /> ,� ',
<br /> applicable law requires interest to be paid. Lendzr shall not be required to pay Borrower any interest ur eamings an the Funds. � . * � ,
<br /> _ Borrower and C.ender may agree in wriung, however, that interest shall be paid on the Funds. Lender shall give to Borrower. •.•'i�_.� '�+ � �� :: �
<br /> ,. ;„� �.
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each i::�•- ._j =
<br /> debit to the Funds was made.1"he Funds are pledged as additianal securiry for all sums secured by this Security Instrument. -�k,_'? ��� `. �
<br /> • If the Funds held by Lender exceed the amounts permitted to be held by applicable law, L.ender shall account to Borrower •;� _. '�
<br /> � for the excess Funds in accordance with the requiremenGs of applicable law.If the amount of the Funds held by L.ender at any ' ��'�Ji • ��
<br />� time is not sufficient to pay the Escrow Items when due. l.ender may so notify Borrower in writing,and,in such case Barrower �' �{t
<br /> � - shall pay to Lender the amaunt necessary to make up the deficiency. Borrower shall make up the deficiency in no more than ' �'- _ '. � a �._.
<br /> , twelve monthly payments,at Lender's sole discretion. �',�.�.•,, .
<br /> � Upon payment in fuU of all sum. secured by this Security Instrument, L.ender shall promptly refund to Borrower any . � - ,..:-_
<br /> _ •����
<br /> Funds held by Lender. If,under paragraph 21. Lender shall acquire or sell the Property.Lender,prior tn the acquisition or sale �� .
<br /> of the Pro e Shall a 1 an Funds held b Lender at the time of a uisition or sale as a credit a ainst the sums secured b �a �-�
<br /> p nY•• PP Y Y Y �9 g Y � �=r:i:r,� .
<br /> . . this Security Instrument. � �^'
<br /> 3.Application 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; E�:.:�=;`:�'�
<br /> third.to interest due:fourth,ta principal due:and last.to any late charges due under the Note. � —
<br /> • . ' 4.Charges; Liens. Borrower shall pay aU taxes, assessments, charges,fines and impositions atuibutable to the Property ��1�^� � =�
<br /> `":�• • which ma attain riori rnzr this Suuri Instrument, and leasehold a ments or ronnd rents, if an . Borrower shall a _�..:r.�� "i-�-"
<br /> Y P tY �Y P Y S Y P Y ,�<<.� � =��__-
<br /> � these obligations in thc manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on time directly �;.�,�`
<br /> � to the per5on owed payment. Borrower shall promptly fumish to Lender all notices of amounts ta be paid under this paragraph. �,:,,,�;,�
<br /> . .. If Borrower makes these payments direcdy,Borrower shall promptly fumish to Lender receipts evidencing the payments. � ���
<br /> '.;��n .v;��: • '
<br /> ' 8orrower shaU prampily discharge any lien which has priority over this Security Instrument unless Borrower: (a>agrees in �,��...
<br /> �.�__.-�r���-.
<br /> . writing to the payment of the cbligation 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 aperate to prevent the �"'=`�.::���, � .-•.
<br /> enforcement of the lien;or(c)secures from the halder of[he lien an agreement satisfactory to Lender subordinating the lien to � �••���'�;�'y
<br /> - � this Securiry Instrument. If Lender determines[hat any part of the Pmperty is subject to a lien which may attain priority over �>'������-��'- �
<br /> � ' this Securit In:.trument. Lender ma ive Bonower a notice identif in the lien. Borrower shall satisf the lien or take ane or a;9p�::►_, `-
<br /> Y Y F Y � Y '�'' • . .
<br /> more of the actions xet fonh above within 10 days of the givi,ig of notice. „ •
<br /> � � �+•. � �-...
<br /> Form 3028 9190 � .
<br /> � Page?ot fi -
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