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<br /> 98_ �i.o4�a
<br /> TOGBTHER WITH�11 the improvemenia now or hereafter erectcd un the propeny��nd xll saumenta,appunen�nces, �nd
<br /> (lztures now or hercafter r put ot the propeny. All rrpl�cern�nts �ux1 Wditions sh�ll also be covered by this �curity
<br /> Imtrument.All of the forc�oin��a rcferred to In thiy Securiry Inatrument u the"Property,'
<br /> BORROWER COVENANTS�t Borrower ii I�wtldly eei�ed of the e:tue hereby convryetJ�n@ h�s thc right to grant and
<br /> convey the Property and th�t the Propetty ie unencumbered, ezctpt for encumbr�nces of record, Br�rcawe� warrxnts uid will
<br /> d�fend 6ener�lly the title to the Property q�init all cl�ftr�md dematxia,�ubjat to any encumbrnnces ot record.
<br /> TNIS SECURITY IN5TRUM6NT combina uniform covenants for n�tiorul use and non-unifurm cavenants with limited
<br /> vuiaUons by Jurisdiction to conuttu�c a uniform Kcurity instrumrnt covering rcal propeny.
<br /> UNIF�RM COYENAI�ITS, Borr�wcr and Lcnd,,.�ccven�nt uuf agrcc ac follows:
<br /> �• �!'��� � ��P� ��l�M�� �I�tyMent �ad I.ate C6at�ea. Barrower shall promptly pay when due the
<br /> principnl ot utd interest on the debt evidenced by the Notc and any propayrr�rnt and i�[e chuges due u��der the Note.
<br /> 2. E�tor Tiucp��d Ins�rarice, Subject to�ppUcible la.w or to a written w�iver by Lender, Borrower shall pay to
<br /> Lender on the dry monthly paymaau u�e due under the Nate,until the Note is paid in full,a sum("Furds")for: (a)yeuly taxea
<br /> and aue�amentn which may ut�in priority aver thia Security Instrurnent as a Ilrn on tha Property;(b) yeuly leasehold paymenca
<br /> or ground n:nts on the Property,if ny; (c)yeuly huud or propeny itssur/na premlums;(d)yearly ttaxt insuru�ce premiums,
<br /> if any;(e)Yw�Y ��BA6�iruwana premiurtu. if�ny; smd(��ny sums pay�ble by Borrower to Lend�r, in accord�nce with
<br /> the provitiona of pan�raph 8, In Iiq�of th�piyment af mortgqgc iinsurance prcmlums.Tt�ex items are callod "Escrow Items,"
<br /> i���►Y� u�►Y<i�� ���at �d' bold Funds in an amor,csrt.a�t to exceod the mucimum amount t lender far a federally
<br /> related aangage lo�n may requi�e fer Borrower'a escrow acc4wma under the federal Real Estue Settlement Procedures Act of
<br /> 1974 u amended from time to dme,l2 U.S.C. Seccioa 2601 a seq. ("RESPA'), unleaa�ncxhec I�w ihat �pplia to the Fund:
<br /> aeu a leuer a�t�ount 1f so, l,d►der roay, at u�y timr, wllect uid huld Fum�,'h,(n an �mount not to eaooed the Icsxr unount.
<br /> �.atider may eatimAte d�e unount oiFunds due on the basis of cun�ent data�d reasoruble estimua of expenditurea of future
<br /> E�crow Item�or ot6enviu in acoordnc-.c with�pplicable IAw.
<br /> The Fuod� ahall be held in �n iwtituNon whose deposits �+e in.auimd by a feder�l �gency, instrument�lity. or entity
<br /> (iucluding Let�der,if L,ender is suci��n irutitution)or in any Federal Xiomc L.oan Bank.i.erider stull apply thte Fw�ds ro pry the
<br /> FacroM Itertu. Lender may pot chu{e Borrower for holding and epp�yiieg cl�e�'unds,annwlly uulyzina the eacrow acoount,or
<br /> verifying tbe Eacrow Itsms,unless Lrnder payi�orrower inter•�toa Ure Funils and�pplicable law permits L.end�r to malce such
<br /> a charae. However, Lender may require Borrower to piy s oae-tiiri�e charg'e for an independent ral esute aa roportin,g�crvia
<br /> wed by L.eader ia conaaxion with thii lo�n, unless �pplicablc ta,w provida othenvise. Unleu an�grxmrnt is m�dt or
<br /> �pplic�ble law requim interqt lo be pwid,L,ender shall not be requimd to pay Borrower any interat or euninga on the E�lmd�.
<br /> aorrower and I.mder may�gra in irritina. however, that inte�st sh�ll be�id on the Fw�ds. Lend�r ahall givo to Borrower,
<br /> a�lhout char�e� +m m�wl�ocountins of the Funda, ahowing crodits u�d ckbits to the Fw�ds aad the pu�p�ue for which each
<br /> �!'bit!c t�:F.sr.ds•�::m:tic. ':�„°;;;�;r Niaigai as�ii,{i;i,ui�i icc:u�iiy ioc�i sums sa.we�by thia �ax�rity lasttumdu.
<br /> If tbe Fundi 6eld by L�ender eaaed the aciwunu permitted�ttl be held by�pplic�ble law,Lender alull account co Bocrower
<br /> for We exoas Fw�da W aceoMance.v;ri�i�the requirements oE�{Splicabk lsw. If the amowu of the Fundt held by I.pxtcr�:at wy
<br /> tlme is oot tufficipu to pay tlie Esa�ow ltetns whaq due,L.eqd6r p�ay so nocify 9orrower in writing,and,in wch cae�e�orrower
<br /> �h�ll WY w Lader the sunount nachtiary tq make,up the deficiaxry. Borrower,shall malce up tbe deficiency in no more than
<br /> twelve mon[h1Y paYments,u L,eader'�sole discretian. ..
<br /> Upau paYmeat in fWl of�II �ums �ecured by ttiis Securlty liuuument, Lender shall promptly retund to Bortu�wer any
<br /> Funds Aeld by I.a�der. If,under pae�rsph 21,L,ender ahaU�cquin or rell the Pcoperty,I,ender. prior w the acquisition.or iale
<br /> of the Propaty,sha11�pply any Funds held by,Leodcr at the tirae of scqui�ition or�ale aa a credit�gaimt the aunu se�ured by ' ,
<br /> t!w Seauiry In�tcuaunt. •
<br /> 3.Applkatbo qf�s�ymedb. Uoless�iliGablc l�w provides ahenYiae,�ll payments ieaived by I.rnder w�der pangr�
<br /> 1 md 2 ihall be�pplful: Mt. to anY PnWYmea[C�ar�a due under the Not��second, to a�ount�pay�ble under parajrnph 2;
<br /> t6ird.W Lntecat due;'�founh.to p�ihcip�ll due:urd lut.to any late chargea due under the Naie.,.,
<br /> �1.Cl�ar=a;�,iebs:��otr,oW,e`r-siiall p�y all wca.asaeaamwts, charges, fwa and impos7tions utributable to tbe Prnpecty
<br /> w�hich may�taiap� � �c M�is Securiry Iastrucneat, aM leasehald paymana or ground renta� if any. Borrower �hhsll P�Y
<br /> , thae obliptions'in the�rn��,:.r•.piovided.in pau�gnnq�h 2.or if not pud in that manner,Borrower sh�ll ray them on time dinectly .
<br /> � ; r to tLe per�on owod payiineat.Borrower slWl promptly fiunish co l,ender all naioes of amouna to be paid uader Wi:puagniph• . '
<br /> If Borrowa m�ka thae paymenp dirxdy,Borrowa shall prc+mptly fumish to L.ender ra�eipt�evideacin�the pryments.
<br /> Borrower ehall promptly di�char�e aay lien whlch has pdotiry over Wia Sa;ur�ty Inunune�t ualess Borruwer:(a)u�ree�in
<br /> writing to the paymeat of the obligatbn secured by the lien ui a mm:�er apceptable to I.eada;(b)conte�u in good[�ith tt�e lien
<br /> by, or defaidi ��inu wfo�eemrnt of�the lim in, leg�l proceedings whkh in tlie I,ender'i op�;pion opQrxe to p�event the
<br /> enforoemeat of tbe liea; or(c)securd from the hol,du o(the lien u� a6�eement satisfaciory to L,eader,subordlnuing the lien to
<br /> thu 5ecvrity Insuument. If La�dor daerminas thu any part of the Pmperty is abject to a lien which ia�y �ttain priority over
<br /> thic Sauriry liuuumeat, i.a�der may{ive Borrowa a notice identifying the iien. Borrower sh�ll �tisfy�he lien or taice one or .
<br /> more of the sctiona set forth�bove within 10 days of the giving of noticx.
<br /> � Fam�02� l/f0
<br /> �-rll(NE)n:�si.os ►n•2 d• rru.r:
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