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<br /> TOOP.7'H8R WITli nll the impruvementti now or liereafter erected un Q�e property, nnd ull ea5ements, iippurtettances, end
<br /> fiatures nnw ur hereafter n pnrt of tlie property. All replacemenGs and addttian� shnll also be ccrvered by Q�is Securiry . .
<br /> Instrument. All uf die ti�r�guing is r�:fc:ned tn In thls Securiry Instmment es the"Property."
<br /> BORROWBR COVBNANTS tt�ut Borrowet is lawfully seised of the esutte hereby conveyed and has the right ro bmnt and , ., ;.
<br /> amvey the Ptopr.rty aund that die Property is unencwnber�d, exe;ept far encumbrances c�f record. Donawer warranGS and �vill
<br /> defend gr.nerally d�e tfde to the Praperty agai►ut nl1 claims and demands,sabject ro any encumbrnnces of rer.ord. .
<br /> • THIS SECURITY INSTRUMBNT cambines uniform covenants far nadonal use xnd nan-unifarm cnvenants with limited
<br /> vnrlxtioi�s by jurisdlcdon ro cansdtute a unifnnn sec:uriry insmiraent coverin�;rr.al propetty. : -
<br /> • UNIFORM COVSNANTS. Borra«��r�isl Lender covenant and agree as foUows:
<br /> 1. Payment af Principal and I��tc�est; Prepayment und Late Ct�ar�as. Bonower sUall promptly pay when due �he ,��.���.�_
<br /> princiQ�l of and inrerest on the debt evidenced by dte Note and any pnpayraeut and late cbac6es due under the Nate. ' � • �� ;*
<br /> 2. Funds for Tsuces and Insurance• Suhj:ct to applicable law or to a+vrittaa wAiver by Lc:nder, Borrower shall pay to °. �tRt L:�
<br /> Lenrler on the day monthly payments are due uncl:r tt►e Note,undl the Note i�paid in full,a sura("Funds")for: (a)yearly taxes ;�ry��.yi_
<br /> and assessments which raay attain pdority over this Security Insuumcnt as a lien on the Property; (b)YeartY leasehold payments �> �,i3,,,,�G� �-.-�
<br /> earl flood insutance premiums, •.'�"� _.
<br /> or growr]rents on the Property, if any;(c)Yearly haz:ud ar pmpYxty insurance premiwns;(d)Y Y .� _
<br /> if any; (a)yearly mongage insurance premiun1s,if any; aud (�any swns payabl�by Bonovler to Ixndar, ia accordance with - ----
<br /> the provisions of paragraph 8,in lieu af the payment of martgage insurance premiums•These items are ca11Qd"Escrow Iterns." _
<br /> Lender may, at any time, collect and hald Funds in an amount not to exceod the ma�cimum tsmount a lender for a federally �,�— _
<br /> related mongage laan may requin for Burrower's escrow account under the federal Real Estate Setdement Procedures Act aF ��
<br /> 1974 as amended from dme ro time, 12 U.S.C.Secaon 2601 et seg. ("RESPA"),unless anatber law that applies to the Funds f':•t.: :--
<br /> , - ,,,,�..„..,P �..n��An� hnl�t Funds in an amount not to excced the lesser amount.
<br /> _..____ : - _....
<br /> s�ts a lesser amounc. ii av. LLLLL�I eemJt .. , .--�-• -�----• •• -��
<br /> Lender may e�umaate the asnount of Funds due on the basis of curreat data and reasonable estimates of eapenditures of futu� y,,
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<br /> � Escrow Items or otherwlse in ac:cordance with applicable law. , . ��
<br /> �{ or enu , "
<br /> T h e p a n d s s h a l l b e h e l d i n a n i n s t i t u t ion whose de p osits are insured by a federal a�ency, instrumentaliry, �Y
<br /> (including Lender,if Lender is s�ich an insdtution)or in nny Federal Home Loan Bank. Lender shall apply t he F u n d s to pay�he ;�'� x� ,�
<br /> � Bsczow Items. Lender may not charge Borrower for holding and applying the Funds,annasUy analyzing the escrow account,or
<br /> ----.-------- verifying the Estrow ltems.unless I.endCr pxy�8uaiaw2r iawrs t aa t he F u a�s u d a g p l i c a b l P l n w g?r m i c c L.e n d e r t o m n k e s u c h __
<br /> a charge. However, Lender may require Bonower to pay a one-dme c.barge for an independent real estate tax reporting service
<br /> used by Lender in connecdon with tfds loan, unless applicable law provides otherwise. Ualess an a�reement is made or
<br /> � applicable law requires interest to be paid,Lender shall not he required to pay Bonower any Interest or earnings on the Fwids_ ^
<br /> � Bonower and L.ender may agree in wrldng,howevei, that interest shall be paid on the Funcls. Lxnder sha11 Bi for which acli `7'
<br /> o, without charge, an annual accoundng of the Funds, showing credits and debits to the Funds and the pucpo •. .:
<br /> � debit to the Funds was made.The Punds are pledged as addidonal se�:urity for all sums secured by this Securiry Insuument. �;�;��
<br /> „ .. x.�.
<br /> If the Funds held by Lender�xceed the amounts pecmitted to be held by applicable law.Lender sh�vl account w Borrower •o''
<br /> for the excess Punds in accordance wlth d►e recluirements of appticable law. If the amount of ehe Punds held by Lender at eny
<br /> time is nat sufficient to pay the Bscrow Items when due,L.euder may so notify IIoaower in wridng,und,in such case Borrower `_
<br /> � shall pay to Lender the amouni necessary to make up the deficiency. Borrower shall malce up the deHciency ia no more th�u
<br /> 1 twelve monthly payments,at Lender's sole discredon. �=�
<br /> �� ' Upon payment in full of all sums secured by this Security Iaso�um�nt, Lender shxll prompdy refund w Borrower any
<br /> .. ;� �' Funds hcld by Lender. If,under paragraph 21.Lender shall acquire or sell the Property,Lender,priar to the acquisltion�r sale
<br /> �•''"•' of the Ptoperty,shall apply any Funds held by Lender at the dme of acquisidon or sale as a credit against the sums secured by ___
<br />_ this Securlry Instrumeat. --_-
<br /> • 3.Appltcation of Payments.Unless applicable law provides otherwise.all payments received by Lender under paragraptis �_-
<br /> 1 and 2 shall be applied: first, to any prepaymeat charges due under the Note;second, to amounts payable under pv�agcaph 2; �-� —
<br /> tLird,to insemst due;fourth,to principal due;and last.to any late c h a rges due u n der t he N o t e. �"' -
<br /> �. 4.Charges;Lleng. Borrower shall pay all taxes.assessments,charges, fines and imposidons attributable to t�e Property �_._.,
<br /> which may attain ptiority over this Security Instrument, and leasehold payments or gmund cents, if any. Borrower sl�all pay —r:��:'�
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<br /> '�'r tl�ese obligations in the m2.rmer provided in paragraPh 2,or if not paid in that manner, Borrower sUall pay them an time diratly ;_����_�
<br /> � 9 to the person owed payment.Borrower sl�all prompdy furnish to Lender all notices of amounts to be paid under this paragraph. :�-°- —__ __
<br /> i If Borrower makes these payments direccly,Bonower shall pmmpdy fiunish to Lender receipts evidencing the pa}rments. �� �� �':
<br /> ' Borrower sl�all prompdy discharge any lien which has priority over this Securlty Insnvment unless Borrower:(a)a�in �'��}`��-"�• •
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<br /> ' ' writing to the payxnent of tUe obligauon secured by die lien in a manner acceptable to I.ender;(b)contests in good faith the lien ;:;;:,;��:.�_ .-,-,
<br /> � .,,.
<br /> ' by, or defends against enforcement of the lien in, legal proceedin�s v�hich in the Lender's opinion operate to pnventthe `:��,;;��,ry•�,,., '.`�r_..
<br /> • enforcement of the lien;or(c) secures from the holder of the lien an agreement sadsfactory w Leuder suboulinating the lien to '�:°,��� .=.:�_
<br /> ' tlus Security Insnument. If Lender detemunes that any part of the Pmpe�ty is subject to a lien�vhich may attain priority over � . � .
<br /> dus Security Instrument, Levder niay give Borrower a nodce identityint;tt►e lien. Borrower shall satisfy the lien or takc one or
<br /> � more of the acdons set forth above within l0 days of the giving of uotice. �
<br /> � Form 3026 90
<br /> • ��BRINEI wstsi.o� v�q�2 ofe iryru /y�� ' .
<br /> _ ---' 11115
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