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<br /> � �Rk�'1F�iWiala..auLaw��•_ __.. � __.._;�...,......�'_'—""—_
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<br /> 98� 1(s4�35
<br /> T(XlETHER WlTH oll the Improvcme�te now or herr�fter�rocted on the propeny,anJall eavcnxntx,uppunenx�xcc� nnd
<br /> fixtures now ar hereaRcr u part of the proper►y. All �epl�cennenta and wdditlons +hull alco t►e covered t,y this Security
<br /> (nstrument. All of the furegoing is nferml to in this Security liutrument us thc "Property."
<br /> HURItUWER COVEl3ANTS ciut Borr<iwer is lawfully stiseci of the estste hereby cunveyai�nci has Ihe right to grant and
<br /> convey the Property and thnt the Pr�erty is unencumt�eraf,except f�r encumbrances af reconi. Banawer werrams urd will
<br /> defend generolly tho dtie tn tho Propeny agAinst all claims snd demands,subject ta sny enc:umbrAnces af rccord.
<br /> TH[S SRCUR[TY 1NSTRUMENT sombines uniform cmenants for natiotuil use and non-uniiorrn covenants With limitod i
<br /> variations byjurisdictian to rnnstitute� uniform r�ecurity inst�ument covering rea�prope►tY•
<br /> UNIFORM COVENANTS.Bonower snd L.ender cavenant urxl agroe aa fallows: Wr.�n due the.
<br /> l. Ps►yment o!Princlppl �nd Interest; Prep�yment �nd Ia►tc C1u►rgd. Borrower shall promptty pay
<br /> �,�.r.ci�Al of en�intr.reat on the d�ht evidenced hy the Nou iuxl any preAayment and late charges duo under the Nate.
<br /> 2, F`unds [or Taxes s�nd Intiurence. Suhject to uppl.i,rrblo law �r r.a A writtc�.waiver by I.renQer. t3orrowcr shail pay to
<br /> Lender on the dsy►nonthly paytnents are due under the Kote,unti.l:thc Ncxe is pai�in fuJI,a su�n("Funds")for:(a)yearly taxes !
<br /> � aad a�sessmenls which may attain prior:^�ty over this Security lnstce►ment as a�itin on th�e Y�o�rty:(b)Yu►rly leasehold puyma►ta .
<br /> ar gca�ena rr!KS on tha P�npe�t�r.if any' (c?x�Ey��o�ProP�ny insuzance p�emiums:(�)ytarly flood insurnna prem[ums,
<br /> if any: (e)Y:�u'ly mortgage inse�carxe prero.iums, if any; aind(�auiy swns pa.�r�le by �orrower to Le►xier. in accordanca wfth
<br /> M the provisions of paragnp�h 8, in iieu of the p�yment of rtwng�ge insurrnce psemiurns.These itetns are calLed"Bccrow Itertu."
<br /> Lender neay�at any tlme, collece ai�l hotd 1Funds in an amaunt not to eaceed the m�.rimum amount n teackr fn�a federa��Y
<br /> nlated mc��tga�,c loan may re9uire for Horcower's escrow account urider ttie federail 12ea1 Bstate Setdement Pra'aiur�e�s Act Qf ,
<br />�,,; 1974 us annended from time ro time,l2 U.S.C. Section 2501 rt scq. ("RESPA"),untess anMher law that appties to llye F►,utds -
<br /> • sets a lessec amount. If so, Lender may, at any time, colloct and hold Funds in an a►►wunt not to excood t4e tesur emuunt.
<br /> L.ender niay estimac�c the amount of Funds due on thc basis of cumnt data and rcawnable esNmates of expenditures of future
<br /> r Escrow Items or otherwise in accarda�ce with applicable law.
<br /> The Fux+,ds shall be held in m institution whose deposits are insured by s federal agency, instcumentalicY, or entity
<br /> ' (including Leniler, if L,endcr is such en institution)or in any Poderal Home Laaa Hank.I�endGr�ht+��apply the Funds to pny th�
<br /> ;� . '��emw lteni�.�la;ndtr may not charge Borrower for holding and applying the Fund�,.�nnually arwlyzing the Cscrow account,or
<br /> . , verifying thc'�sc`iow Items,unless I.ender pays Borre►wer interest on the Funds anci�uppiic,�tc iary��+=a�r�'�zQ�=-�'_ -af�
<br /> '' a ch:sge.•�lo�ve�ter. Lsnder rnay r�uire Borrower to pay a one-time c.harge fot•an indcpendtnc real c3�at'e�t,rx rc,}iorting s�awla
<br /> — used by Lxnticr jn conneccion with this loan. unless applicable !�w•provid�s othemise. �nlen;i'an.A�rtemant;is .m�e'or
<br /> 3 applicable la�v �requircs interest to tx paid, I.ander shall not be requiired ta pay Borrower any en��rest or emrnjngs on�t�eFsYn�s.
<br /> i� go�w,���nd I,ender may ngne in wriNng,however,that Interest shall be paid on the Funds. 'Lcncl��'�spttii �ivd to Borrr�wer.
<br /> � without chuge, an �u►nual +iccounting of the Funds. showing credits and debits ip'thC Funds anfl the pp�sc.for which ach
<br /> debit ta the Funds wis m�de• 1'he Funds are pladged as atiditional sxurity for all sums socurod by this Secudty Instrum�►t-
<br /> � If the Funds held by I.ender exoeod the ar►wuncs pern�ltted to be held by applicabte law, I.ender shall xccwnt to Borrower
<br /> for the excas Funds in sccordsncx wich the requiremenGa of appl(cable law. If tho amount of the Funds held by Lender nt u►y
<br /> _ , �ime is not sut'ficient to pay;tKe Exrow Items when duo.L.ender may so notify Bortuwer in writink,end,in such c�se Borrower
<br /> = '� shall pRy to I.etder the atfioimt massury to make up thc deficiency. Borrower shi�ll:make up the defieietl�:y in no rnora ttun
<br /> -- �� ,�welve manthlY PaYments:•�t I.enda's sol�discretion. `� , •" ,
<br /> i U�n�z�yment in full of afl suma secural by this Secucity [ns►nlment, x.ender shall prp�nptiv tafqorci.to Borrower u►y
<br /> ' Funds'byld by A:inder.lf.under peragropl�21. Lender shall ooqui�e o•r sell the Property.Lender,:p_riprta.tl�b'.pcquisitian pr sale
<br /> �i . '•af the Pro�ar+y,sh�ll�p[y any Funds hold by Lender.a�the time of acyuisition or sale as n crecla�i:u�itst,�the sums stnir�e�i•�y �`
<br /> :'�� ..•. �f;`�is Socurity Instrament. �
<br /> �- �� � 3.Appliat6oa ot Paymeats.IInless t+pplicabl�.l,�+v provides othecwise, aU}�xyintnts roaived by Letu]er.Under pu�gnphs
<br />—`'S ' 1 and.2 gtial! be appliad: ficst,to my prepayment chatgts due ander the Note;second, to amounts pay�ble under par�gcaph 2�
<br /> third,to interest due;fourth. co principa!duo;wx1(est,to any late charges due under the Note.
<br /> 4,CY�a^�ea; Ueac, �orrower sh�ll pay all tutcs;xssessments, charges. fines and impositians attr�butable to the Property
<br /> -�, , �ahich may attain priurir�C o�oer this Securiry tnsnuir�+en�, and�easehold payrnnnts or gmund cents, it'any�.''�orrower shs1�PRY .
<br /> � , ttkse obliguions in the n�iw�nner provided in paragr�h�'.ar if nut paid in that rrir+�mer,Borrowa shall pa�y.�k►em on time diratly
<br /> � � ta the person owed payment. Borrower shall promptly furnish to Lcnder all notias of unounts to be paid tYnder this pragnph•
<br /> s If Bortawer mel��s chese payments directly,Borrower shall pmmptly furnish to Lender reaipts evidencing the payments.
<br /> �� Borrower shall p[c►mptly discharge any lien which has priority over this Socurity Instn�ment unless 9orrower.(a��gr+xs in
<br /> ' writing to lhe peyment u6 Qie oblig�tion secured by ti�lien in a munner acce�able to Lerder;(b)cnrNests in good faith the lien
<br /> � by, or defends against enforcement of tho iie� in.L��al proceedings which in the l.ender's opinio�►y��ca•sne to pnvent the
<br /> � enfonxma�c af tho lien; or(c)secuncs from the ho�er of the lien an agrama�c satisfactory to Lendet.subrYnsli:iating the lia►to
<br /> + this Seceuicy Ia�trument. If Lencier deunnines that any pc+r�af tEie Prop�rty is subject ta:I:i��v�hiclA'�T•:!: •attain pri�aity over
<br /> j this Security Instrumcnt. I.e�der maY Bive Borrower a notice e�.ienrif5+ro$t[�Gi-'+a•6oTn�`s'ec st4a�."r.sat'ssty i'he lien or cake�ene or
<br /> ;i more of the actiona sr.t 1`onh above within 10 days of the giving of�atice.
<br /> Form 3028 Y/�0
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