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<br /> 98-ia.�s�s
<br /> TOGETHER W1TH All thc Improvcments now or hercafcer creaed on thc property, and all eascmants,appurtenancrs,and
<br /> fixtura now or herc�ftrr � put of the property. All replacements and additione shall ulso be covered by thi� Security
<br /> ituttrumrnt.All of the fore�aing is referred to In this Security Instrument as the"Propeny,"
<br /> BQRROWBR COVENANT5 th�t Borrower i�law(ully seised uf the estate hereby convcyed and has the right to grani and
<br /> canvey the property u�d thit the Propeny is unencumbercd, eacept for encumbr�nces af record. Burrower wanants and will
<br /> defend�enerdly the title to�ho Propeny�gainst ali cl�im�gnd demar►ds, aubj�ct to any encumbrances of record.
<br /> THIS S�CURITY 1NS7'RUMENI'combines uniform covenante for national use and non-uniform covenants with limited
<br /> vui�tiona by Jurltdictlon to constltute a uniform aecurity Instrument cavering real property.
<br /> UNIFORM COVENANTS,Aorrower nnd Lender wven�nt and agroa as follows:
<br /> 1. i'ayment ot i'rincl{wl anal Ir�terest; Prepayment and x.ate CharQes. [iorrower shall promptly pay when due the
<br /> princip�l of�nd intercst on thc debt evidenced by the Nae and any prcpayment and late chuges due under thc Note.
<br /> 2.Fuads tor Twxes And iasun�nce, Subject to appliceble lsw or to a written waiver by I.ender, Borrower shall pay to
<br /> Lender on the d�y monthly p�yme�ta ue due under the Note,untll thc Note is paid in full,a sum("Funds')for:(a)yearly taxes
<br /> uad asaeasments which nu�y�ttaln priodty over this Secudty Instrument as a 1len on the Property;(b)yeurly leasehold payments
<br /> or ground nnts on the Property,if any; (c)yearly h�zard or propeny insurance premiums; (d)ye�uly flood insurance premiums,
<br /> if any;(e) yearly mortgage insurance pnmiums, if any;u►d(�any suma payable by Bonower to I...ender, !n accordance with
<br /> the proviaion�uf pu�gr�ph 8, in lieu of U►e paymec►t of mottgage insurance promiums. Thcse items are callod "Fscrow[tems.'
<br /> Lender may, at my time, collxt and h�ld Funds in an amount not to excad the m�ximum amount a lender for a federally
<br /> related mortgage loan may rcyuin for Borrower's escrow account under the federal Real Estate Settlemcnt Procedures Act of
<br /> 1974 u aiixnded from time to time, 12 U.S.C. 5ection 2601 et seq. ("RESPA"),unless anoshor law that applies to the Funds
<br /> aeu a le:ser urwunt. If ao.Le�nder may, at my time. collecc and hold Funds in u� amount not to exceal the lesser amount.
<br /> Lepder may estimate the anaunt of Funds due on the tusis of curnnt data and reasonable estimates of expenditures of futun
<br /> Eecrow itenu or o[herwise ln�cordance with appllc�ble law,
<br /> The Funds shall be held in an imtitution whose deposite are insured by a federal agency, inatcumentality. or entity
<br /> (including Lender, if Lender is such m inatitution)or in�ny Ferieral Home Loan Builc. l.ender sh�ll apply the Funds to p�y the
<br /> Facrow Itemi. Lendec r►uy not charge Borrawer for holding and applying the Funds,annuaUy analyzing the escrow account, or
<br /> verifying the Escrow Itetns,unlaa Lender pAye Borrower interost on the Funds and applicable law permits Lender to make such
<br /> a chuge. However, Leader ivay rcquiro Borrower to pay a one-dme charge for an independr.nt roal estate tax repottfng servia
<br /> wed by Laider in connoction with thia lo�n, unless �pplicable law provides otherwise. Unless an agrament is made or
<br /> �pplicable l�w requira interat to be psid, Lender ahall nc�t be requircd to pay Borrower any intereat or euntngs un the Funda.
<br /> Borrower aad L,ender may �,gree in writing, however. tlut intereu ah�ll be p�id on the Funds. l.ender sh�ll give to Borrower,
<br /> without chary{e. ui anmial �ocounting of the Funda, showing credits u�d debits to the Fw�da and the purpose for which each
<br /> debit to the Funds was made.The Fw�ds are plaiged as ddiNon�l socurity for all suma aecund by thix Secudty Instruaunt,
<br /> Ii iue Furuii Lelu oy i.ctwcr exc�ceci ine wnounis penniilai iv oe neid'oy applicsole Iaw, Lender rhail accounc co Borrower
<br /> for t6e excai Funds ia�coordaaoe with the reqviremenu of�pplicable law. If the amount of the Funds held by I,er�der u�ny
<br /> time is uot aufficient to pay the Eacmw IGems when due,Lender may so notify Sorrower in writiag,aud, in such caue Borrower
<br /> shall p�y to Lender the unount necwa�fry to ms�lce up the deficiency. Bomower sh�ll m�ke up the deficiency in no mot+e ihan
<br /> twelve monthly payma►ta, at Lender's sole discretion.
<br /> Upon p�ydKnt ia full of�II suma �ecured by this 5ecurity Instcumrnt, Lender sh�ll promptly refund to Borrower uiy
<br /> Funds held by L.ender.If, under paragraph 21,l.ender ah�ll�cquiee or sell the Property, Lender,prior to the acqui:ition or sale
<br /> of the Property,shall�pply my Funds held by Lender u the time of acqui�ition or s�ie as a crcdit agunst the surtu secund by
<br /> ch;s scca,ricy lr,swrpa�c.
<br /> 3.AppMewtloa o[P��nnenb.Unles�applicable law provida otherwiae,�Il paymrnta received b L�r under paragaphs
<br /> 1 and 2 ahall be�pplied: fint, to any preprymau charga due under the Note;second, to�unount�p�'i►�u�der paragrapb 2;
<br /> third,W intereat due;fou�th,to principal duo;�nd l�t. to uiy Isue chugea due under the Note.
<br /> 4.C1ur�ea;I.iaa. Borrower shall pAy�Il taxes, useaaments, charges, fines and impositlons attributable to the Property
<br /> which mty utain priodty over Ihis Securiry Instrument,and lwehold payments or ground rents, if uiy. Borrower shall pay
<br /> tLae obligationa in the manner provided in paragraph 2,or if not paid in that manner,Borrower ahall pAy them on time directly
<br /> to tLe person owed p�ymrnt.8orrower sh�ll promptly ffutnish to L,ender�ll notice,s of amounts to be paid under thi:puagnph.
<br /> If Bonower makea the�c.paymenta directly:Borrowa sh�ll promptly furnish to l.ender receipts evidencing the psyments.
<br /> Borrower shall proinptly diachazge any lien which hu priority over this Securiry Instrument unlas Borrower:(a)xgroea in
<br /> writing to tLe payrt�ent of tlfe obligation aecured by the lkn in x maaner acc,eptable to Lender,(b)ccmtests in good f�ith the lien
<br /> by, or defends �gainst enforccment of the lien in, legd procealings which ia the J.ender'a opinion opernte to pnvent We
<br /> enforament of the lien;or (c)xcure.s from the holder of thc lien an agrament sadsfxtory to I.ender:ubordinating ihe lien to
<br /> ' this Sxurity instn►mrnt. Yf Lender determines that u►y ptrt of the Propeny is aubJect to a lien which may atudn priority over
<br /> thia Security tnstniment, L.ender may give Borrower a notice identifying the lien. Borrower shall aatiaty the licn or take one or
<br /> more of the xtiona set forth above within 10 d�ys of the giving of notice.
<br /> Form 302R i/80
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