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<br /> 98� 112�26
<br /> TOCiETHER W[TH all the Improvementa now or hereafter erceted on the property,and all eascmcnts, sppurtenances,and
<br /> fiatune now or herc�fter �part of the prppeny. All replacements utd addition� shall also be cuvered by this S�curity
<br /> Inatrumrnt. All of the foregoing Is referced to in[hia Security Instrument as the "Propeny."
<br /> BORROWBR COVENANTS th�t Borrower i�lawfully seised of the atate hereby conveyed and I�as the right to grant�utd
<br /> vonvey the Propetty and thu the F�ropeny is wiencumtxred, r..xcept for encumbrances of record. Borrower warrants and will
<br /> defend gener�lly the title ta ihe Property ugainst all clAicru and demands,subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for national usc and non-uniform covsnants with limlted
<br /> varistions by jurlsdiction to wnstitute s uniform sccurity instrument covering real property.
<br /> UNIFURM COVENANTS.Borrower and Lender covenant and aEree as follows: �
<br /> 1. Payment ot Principal �nd Interc:st; Prepwyment pnd l.pte�lu�rga, Borrower shall promptly pay whan due the
<br /> princip�l of and interest on the debt cvidenced by tht Note and any prGpayment and latc cherges duc under the Note.
<br /> 2,F�ads tor Tpxes and Insur�nce.Subjcet to applicable law ot tn a wrtttcn waiver by Lendec, Borrower shall pay to
<br /> I.ender on the day cnonthly p�yments are due under the Note,until the Note is paid in full, a�um("Funds")for:(a)yculy taxes _
<br /> and asxssments whlch may attaln priority ovcr thi�Security Instrument as a lien on the Property;(b)yearly leasahold paymenta
<br /> or ground rents on the Property,if any; (c)ycarly hazard or property insurance premtums; (d)yearly flood inxurance prerniums,
<br /> if any;(e) yearly mortgage insurance premiums, if any;and(�any sums payable by Borrower to Lender, in accordancc with
<br /> the pmvision�af puygraph 8, in lieu of the paynKnt of mortgage insurance premiums. Thex items aze callcd"Escrow Items.'
<br /> Lender may, at any time. wllect and hold Funds in an amount not to excsed the maximum amount a lender for a federally
<br /> nl�ted mortgage loan may require for Borcower's escrow account under the federal Real Fstate Settlement Procedures Act of
<br /> 1974 a�amended from time to time, 12 U,S.C. Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds
<br /> sets s leaser amount. If so,Lender may, �t any dme. cnllect and hold Fund� in en amount not to excad the lesser amount.
<br /> I.e►xler n�ay estimate the amount af Funds due on the basis of curnnt data and rea�onable estimates of. eapendihires of future
<br /> Fserow Itemc or othenvise la accordance with applicable law.
<br />- 'Ihe Funds shall be held in an institution whox deposits are insured by a federal agency. instrumentality, or entity
<br />- (lncluding Lender,if Lender is such en institution)or in any Nederal Home l.,oan Bank. L,ender shall apply the Funds to p�y the
<br /> Eacrow Itee►u. I.ender may not charge 9orrower for holding and appiying the Funds,azmually analyiing the escrow account, or
<br /> vedfying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lendec to mAke such
<br /> a chuge. However, l.ender may require Borrower to pny a one-time chuge for an indtpendent real estate tau repc►rting service
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is m�de or
<br /> �pplicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or eamings on the Funds.
<br /> Borrower u►d Lender may�gree in writing, however, that interest shall be paid on the Funds. Lender shall gfve to Bonower,
<br /> without charge, an annual accounting of the Funds, showin; credits and debits to the Funds and the purpose for which each
<br /> �cbii ic t2sc Fssad^.•�w,°sr�:.Th^_F��Ig 3r���Ir�lgixl ac additional security for all sums secural by this Security Instnttntnl.
<br /> If the Funds held by Lender exceed th�amounts permitted to be held by applicable law, l.ender ahall account to Borrower
<br /> for the axcess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by L,ender u any
<br /> tlme is not aufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing, and,in such case Bortower
<br /> sh�ll p�y to i.ender the arnount necessary to malce up the deficiency. Bonower shall maice up the defsciency in no more than
<br /> twelve monthly payments,at Lendor's sole discretion.
<br /> Upcm paymen[ in full uf all sums secuced by thls Security Instn�ment, Lender shall promptly refund to Borrower any
<br /> Funde held by Lender.If,under paragraph 21,I.ender shall acquire or sell the Property�Lender,prior to the acquisitlon or sale
<br /> of the Property,sh�ll apply any Funds held by L.ender at the time of acquisition ar sale as a credit against the sums socurod by
<br /> this Security Instrument.
<br /> 3.Applkation o[Ps�ymen�i. Unless appl[cable law provides othenvise, all payments receival by Lr,nder under paragraphs
<br /> 1 ux12 shall be appliai: first, to any prepayment charges due under the Note; second,to amounts payable under paragraph Z;
<br /> third,to interest due;faurth,to pria►cipal due;and last,to any late charges due under the Note.
<br /> q, Charges; Lien�. Borruwer shall pay all taxes,assessments, chuges, fines and impositions attributable to the Properry
<br /> which may attain p qoriry,!2v,r;r,�hi,s Security Instrument, u►d leuehold payments or ground rents, if any. Borrower shill pay
<br /> these oblig�tions in tl�e�n�inner p�ovidod in pazagraph 2,or if not puid in that manner, Bonower ahall pay thcm on tim� direcdy
<br />_ to:he person owed payment, Borcower shall promptly furnish to[.ender all notices of anwunts to be paid under thia psuagraph.
<br /> . !f Barrower makes th�.ce payments direcdy, Borrower shall promptly fumish to l,ender receipts evidencing the paym�ents.
<br /> Borrower shall promp�ly dischugc any lien whicl�has priority over tl�is Security Instrument unless Borrower: (a)agnes in
<br /> writing to the p�ymenc of the obligation secured by the lien in a manner acceptablc to Lender; (b)contests in good faith the lien
<br /> - by, or defencls against enforcement of the lien in, legal procadings which in the Lender's opinion operate to prevrnt tt►e
<br /> onforcement of the lien; or(c)seeures from the holder of th�lien an agrament satisfactory to Lender subordinating the lien ro
<br /> - this Securiry lnstrument. It L.ender determines that any part of the Property is subject to a lien which may attain priority over
<br /> this Security Instrument, Lender may Aive�orrower a noticc identifying the licn. Bonower shall satisfy thc lien or take one ar
<br /> mon of the actlons stt fon6 above within 10 d�ys of the giving of notia.
<br /> Fam 30ZY 9190
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