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<br /> TO(3ETH�R V►�IT}I nll the impnivenxnts�bw or here�Rer erocted orx tho prapeny,und ull cauiuents,uppurtcnunt�h,niul
<br /> fixtureg now c►r hercafter u µ�rt of the pro�x;rty. All replocemenfs and udditians shull ului Ix cuvered hy Ihis Securi.y
<br /> lnsirunxnt.AU of tlK furcguing 6s rePcrrcit t�in thi,Sccutlty Instrumcnt na: the"i'roperty."
<br /> }30RRQW�It COVGNANTS thet&�rrowcr i:IawfUlly seisecl af thc cs�atc hcrcby cu�evcycil untl huti �hc right tu grunt�uv�.
<br /> eomey the Pruperty en•sl that the Pro�xrty ix unencumbered. except for o�xumbraner�of record. He�rrower wurrantti a►x!will
<br /> dcfe„d genrrally�hPii�lP ro the Prc�perty�ignhi�t�ill cleims uird derna�xis,subjcc�tu any encumbrunc�s af record.
<br /> 'fHIS S�CURITY I�'S1'RUM�NT combi�ks unii'orm covenunts for national usc urxi �wn-unif��rm covcnants with limittd
<br /> vnriations by juriulitli�n ta ronstitute a unifurm security inctnm�ent covering re�l property.
<br /> UNIFORM CaVENANTS. Bormwer anci L.cnder covenara and agroe as follows:
<br /> 1� p#ym�n� of P�incipal ond interegt; Prep�yment wnd l.ate Ctt�ryRes. Borrower shall promptly pay when due tfx;
<br /> principql of uxi intercst on t[u debt evidencal by the Note and any prepayment and latc charges due under the Note.
<br /> 2. F'nn�0�s fnr Toxa�nd Insurance. SubJect ta applicablc luw or to a wrltten wniver by Lcnder. Borrower shall pay ta
<br /> Lendcr on the riay rnonthly payments are due under tf�e Note.until the Note is�wid in full,a sum("Funds")for: (a)yearly twxes
<br /> ar►d assexsments whkh t�uy uttain priority over this Security Instniment�.s a Ucn on the Property; (b)yeariy leasehold payments
<br /> or ground rents un the Property, if s��y;(c)yearly huard or property insurunce premiums;(d)yexrly tlaxi insurana premiums.
<br /> if any; (c)ycxrly nwrtgage insurance prcmtums, if any;und (�any sums payablc by Barrower to L.cixl�r, in accordancc with
<br /> the provisions of paragraph 8,in lieu of the{aayment af mortgage insurencc premiums.Thesc items arc called "P.scrow itcros."
<br /> l,ender may, ut eny tirne, collect and hold Funds in an nrrwunt not ro excad the maximum arnc►unt a lender for a fodorally
<br /> retatod mortgu�re larwn r�wy requic�for Bornswcr's cscrow account undor tho fedeml Real Estate Setdement Pr�►cedures Act of
<br /> 1974 as an�ended from time to time, 12 U.S.C. Section 260!et seq. ('RESPA"). untess anothor law that applics to the Funds
<br /> sets a lesser amount.If so. Lender may, at any time, collect and hold Funds in an amc�unt not to exceed the laser amount.
<br /> Lcnder may estimate the smount of Fu�xls due on the basis of current data and reasonable cstimates of expenditures of futuro
<br /> Escrow Items or ot�erwix in acconianoe with app{icable law.
<br /> The Funds sh�ll be held in an institution whose deposits ar� insural by a federal agency. instrumentality. or entity
<br /> _, (including Lendn•, itLci�der is such an institution)or in any Federal Home I.oan Bank.Lend�r shall apply the Funds ta pay the
<br /> • Escrow Itcros. Lender n�y not cha�ge Borrower for holding and applying the Funds,annually anAlyzing the escrow account,or
<br /> verifyfng the Escrow[tems9 unless Len�+er pays Bormwer interest on the Funds end applicable Iaw pernuts l.ender to make such
<br /> a charge. Howevcr,Lender may rcquire Borrowcr to pay r ono-timc charge for an independent real estate tax rcporting servia
<br /> used by Lender in cannnction with this loan, unless applicable law providw otherwise. Unless an agreement is mmk or
<br /> appfic,�,��i.w «y:�����irt�r:Ai i���id,L:srizr:hs!Z r.�s�r_;ur«±r„ �Ay Anr�nw�r pny interest or eamines on the Fund9.
<br /> :� Borrower and Lenckr rnay agree in writing, however, that interest shall ix paid on thc Funds. Lcnder shall give to Hormwcr,
<br /> w(t}aut chuge,an annual aa.�ounting of th.-. Funds, showing credits and debits to the Funds and the purpose for which euch
<br /> debit to the Furds was m�de.Tho Funds are pledged as additional security for all sums secuned by this Securit}+Instcumc:nt,
<br /> Ef the Funds hrk4 by I.ender exaed the wmwnts pemuttod to be held by applicable law,Lencfer shttll acc:ount ta Aorrower
<br /> for the excas Funds in�ecordance with the requirem�nts of applicable law.if the amount of the Functs heid by Lender et any
<br /> ; ti�r�r 4s�xit suf�ci�d t�p�y the Escrow Ytems when due,Lender may so notify Borrower in writing, and. in such casc Bortower •
<br /> -` sh$tl�xv to L.end�t the amount necessary to make up the deficiency.Bonower shall make up the deficiency in no monc than
<br /> �.;� twelve monthly payments.at l.ender's sule discretion.
<br /> �+ Upon payment in full of all sums secured by this Securlty Instrument. Lender shall promptly refund to Bormwer any
<br /> i•� Funds held by Lender_ If, unAer paragraph 21,lxnder shall acquire or sell the Pr+operty,Lender.prior to the acquisition or sabe
<br /> nf dx ktnNerty,siull apply ury Funds held by Lender at the Ume of acquisition or sale as a credit aganst the sums securod by
<br /> � this Sayar.•ity itulrument,
<br /> 3,,:�►y�pliptiae o!Pvyments.Unless applicable law provides otherwise,all payments rooeivod by Lendcr under paragraphs
<br /> �{ 1 and 2 shall be applied:first, to eny prepayment charges due under tho Note;second,to amounts peyable under parxgra�te 2;
<br /> R.�, third.to interrst due;�ourth,to principal due;arx!last. ro any tata charges duc under the Note.
<br /> '' �' �. Cbsrga; Lias9.Borrower shall pay all taxes. assessmtnts. cliarges. fines and impositions attributable to thc Fniperty
<br /> ' ' which may attain prioriry over this Securiry Instrument,and leasehold paymrnts or grounci rents, if any. Borrowcr stwll pay
<br /> ��' thex oi�lig�tions in�he manner provided in paragraph 2,or if not paid in that manner.Aorrower shall pay thom on time dirocdy
<br /> 4 to We�i+erson owod payment.Barrowar shall promptly fumish to I.ender all notice.9 of amounts to be paid under this pan►graph.
<br /> - � Tf H�rrower m�kes these payments dir�ctly,Borrower hhall pmmptty fumish to I.ender receipts evidencing the payment4.
<br /> ' � Borrower shall promptly discharge any lien which has priority over this Secudty Instrumont unless Sorrower:(a)agroes in
<br /> . writing ta the payment of the obligation securod by the lien in a manner accept�ble to Lender;(b)contests in good faith the fitn
<br /> by, or flefencis agdnst�enforcemont of the lien in, legal proceedings which in th� l.e:nder's opinion operate to prevent the
<br /> =� cnforcement of the lian;or(c) secures from thc holder of the lien an agreement satisfactory to Lcndcr subordi�wting the licn to
<br /> '�; this Security Instrument. if Ler►dcr determines that any part of the Fcopony 3s subject to u Iltn whicb may attuin priority aver
<br /> ' this Security Instrument,Lcnder mny give Borrowcr a noticc identifying 1ho Ilen. Borrower shall c�atisfy the lien or rake one or
<br /> � more of the actiuns set forth above within IO days nf the giving of notiec.
<br /> i Fr�r 10Y8 9l80
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