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<br /> T(KICTHER WITH ull d�c impruvements now on c�rcnftcr crected an the propcny,and ull cuscmcnts,uppuncnunces,and
<br /> lixtures nuw or herc:dter u part uf lhc propeny. AU rcplacemcnts :uid additinns shull ulsn bc ruvcred by this Sccurity
<br /> Instrunxnt. AU��i'thc forcgoing i+rcferrcd to in this Sccurity Instrument as thc"Pruperty."
<br /> HORRqWGR COVIiNANTS thut Bnrrowcr is Inwfully scixcd of the estutc hercby conveyai iind hiis thc righ�tu grunt und
<br /> convcy thc Prc�perty und �hat thc Nmperty is uncncumbcrcJ, cxccpt for cncumhrunccs of recorJ. &�rruwcr wurrants und will
<br /> def��nd�*.rnernlly the title a�the F'rciperty uFainst all cluims und demunds, suhject to uny encumbranaes of record. �
<br /> TNIS SECURITY INSTRUMGNT combines unifarm covenunts for nulionul use und namuniform covenants with limit�xl _
<br /> variutions by juriulirtints ta rnnstitutc a unifonn sccurity instnimcnt cavcrinb rcal property.
<br /> UNIFORM COVGNANT5. &�rcowcr and l.�:ndcr cavcnunt und agrec us(olluws,
<br /> l. Payment ot Princlpal and Interest; Prepayment and Ls�te Churgac. Borrc�wer shnll promptly pay when due the
<br /> principal of und interest on thc dcbt cvidenced by thc Notc und uny prcpuyment und lata churges duc undcr thc Noic.
<br /> 2. �unds for Toxes��d InsurAnce. 5ubJect ta applicablc law or tn a writt�;n wniver by Lender. Horrower shall pay to
<br /> Lendcr on thc duy monihly puymenis arc due undcr the Noto,until tho Note is paid in full,u sum("Funds")for: (a)yearly taxes
<br /> and asscssments which may atwin prioriry over►his Sc:cudry Im:trument:u n lien on the Property:(b)yearly Icasehold payments
<br /> or ground rents an the propeny,if uny;(c)yearly hurard or pro�orty insurance premiums;(d)yearly flood insurnnce prcmiums,
<br /> if any; (e)yearly mongage insuranc�e pn:miums, if any;and(� any sums p•ryable by Rorrower ta Lender. in accordance with
<br /> thu provisions af parogruph 8, in linu of the puyment of mortgage insurance premiums. These items are called "Escrow Items.'
<br /> Lender may, at any timc, collect and hold Funds in an amount not to exceod the maximum amount a lerxler for a federally
<br /> related mortga�e loan may require for Burro�ver's escrotiv uccount undcr the federal Re�l Estate Settlement Prcxr•dures Act of _.
<br /> 1974 us amendecl from time to time, 12 U.S.C. Section 2601 et seq.("RPSPA"), unless anather taw that applies to the Funds
<br /> sets a Iesser amount. If so, Lender may, at any time, collect aTxi hold Funds in an amount not to excct�d the lesser amount.
<br /> Lender may estimate the amount of Funds due on the 6asis of current data and reasonable estimates of expenditures of future
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> Thc Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
<br /> (including Lender, if Lender is such an institutian)or in any Facler��l Hotne Loan Bank. Le�xier shall apply the Funds to pay the
<br /> Escrow Items. L,ender mny not charge Borrower for holding and applying the Funds,annually analyzing the escrow acc.�unt, or
<br /> verifying the Escrow Iteins, unless Lender pays Borrower interest on the Funds aixl applicable law pem►its I.ender to make such
<br /> a charge. However. Lci�der may require Bonower to pay a one-time charge for an indeFendent real estate tax reporting service
<br /> used by Lender in connection with this loan, unles5 npplicable luw provides otherwise. Unless an agreement is made or
<br /> sgglicsble ls:e rtxyuir�intes�t t4 be pa�d,LptN�ps 5!l�ll ri�t kk'rP���jrr�l tn nay Rnrrnwer nny interest oi eumines on the Funds.
<br /> Bonower and Lender n�y agrce in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> debit tu the Funds was made.The Funds at�e pledged:�s udditional security for all sums secured by this Security Instrumcnt.
<br /> If the Funds held by L.endcr exceed the amounts pemutted to be held by applicable law, l.ender shall occount to Borrower
<br /> for the excess Funds in nccordance with the requircments of apnlicahle law• If the amount of tl�e Funds held by I.ender at anY
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so notify Bonower in writing,and.in such case Borrower
<br /> shull pay to Lender the amount ncxessary to muke up the deficiency. Borrower shall make up the deficiency in no more than
<br />_ twelve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrun�ent, I.ender shall promptly refund to Borrower uny
<br />' Funds hcld by Lender.If,under paragraph 2l,Lcnder shail acquirc or sell the Property,Lcnder,prior to the acquisition or sale
<br /> of the Propeny. shall apply any Funds held by Lender at the time of acquisition or sule as a credit aguinst the sums secuced by
<br /> this Security Instrument.
<br /> 3.Applkation af PAyments.Unless applicable law provides otherwise.all payments received by Lender under paragrephs
<br /> � 1 and 2 shall be applied: first,to any prepayment churges due under the Note; second, to nmounu payable under paregraph 2;
<br /> third,to interest due:fourth.to principal due;and last, to any late charges due under the Note.
<br /> 4.Clwrges; Liens. Borrowcr shall pay all tazes. assessments, charges.fines and impositions attributable to the Prope�Yy
<br /> which may attain priority over this Security Instrument, and leasehuld paymcnts or ground rents, if any. Borrower sl�all pay
<br /> , thosc obligations in the manner provided in paragraph?,or if not paid in that manncr, Borrower shall pay diem an time directly
<br /> to the person owed payment. Borrower shtall promptly fumish to L.ender all notices of anwunts to be paid under this pacagraph,
<br /> If Burrower makes these puyments directly,Borrower shall promptiy furnish to Lender receipts evidencing the payments. —
<br /> Rorrower shsill promptly dischazse any lien which has priority ovcr this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of the obligation secured by thc lien in a marmer acceptable to Lender; (b)contests in goad fahh the lien
<br /> by, or defends against enforcement oF thc lien in, legal proceedings which in the L.ender's opinion apernte to prevent ttie =
<br />� enforcement of the lien; or(c)secutes from the holder of the lien an ngreement satisfactory to Lender subordinating the lien to
<br /> this Security Instrument. If Lender determines that nny part of the Property is subject to a lien which may attain priority over
<br /> ' this Sccurity Instrument. Lendcr muy give Borrower a notice identifying thc lien. Borrowcr shall satisfy the lien or take one or
<br /> ' moro of the actions set fonh above within 10 days of the giving of notice.
<br /> Fam 3028 9/80
<br /> P�ge 2 0l 8
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