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<br />�_;�� ��. 98- i12'?'81
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<br />--:�--- TQGETHER WITH all the Improvements now or hereaftererectcd on the property, and 111 casements, appurtenances, and
<br /> � T" � fixtures now on c�reafter a pan of thc property. All replaceinents and additians shall also bc covcrcd by this Security
<br /> y�"'�,� Instrusnent,All of thc foregoing is rcferred to in this SecurUy Instrument as chc"Pro{�erry."
<br /> Y;K�R`'r `''' BORROWER COVENANTS that Borrawer is lawfully seised of thc cstatc hereby canvcyed and has the right to gr��t and
<br /> =�i`x�.��`_;' �onvcy the Properry and that thc Propeny is unencumtx:red, eac�pt for cncumbranccs of rctord. Borrower warrints and will
<br />-""` "' defend generally the titic to the F�roperty against all claims and dnnands,subject to any cncumbrances of record. _
<br /> -�:f?•.-_ ' THIS SECURITX INSTRUMENT combines uniformcavonants for national usc and non-uniform covcn�u�ts with limitcd
<br />- "��+�� variaiians by juri�diction ro conetitutc a uniform secur9ty instrument covering real properry.
<br /> ,�;��.,��� UNIf'ORM COVENANTS.f3orrowcr and Lcndcr coveaam ttnd ngrcc as follows: ,
<br /> 1. Peyment ot Princlpwl and Interat; PrepAyment and l.ate Charges. 8orrowcr shall promptly pay when duc thc
<br />::"`" ,� ' • principal of and lntcrest on the debt evidenced by the Notc and any prepayment and latc chargcs duc under the Noce.
<br /> "� 2. Funds for Tpxes and Insurance.Subject to applicablc law qr to a written waiver by Lcndcr, Borrowcr shall pay to
<br /> A• �+- Lender on the day monthly payments arc due under thc Ncte, until the Note is paid in full, a sum("Funds")for: (a)yearly taxes
<br /> � •���s�, ' and assessments which may attain priority ovcr thts Securiry Cnstrument as a licn on the Property; (b)yearly leasehold payments
<br /> =.�;�;t�;�.;= or ground rents on thc Praperty,if any;(c)yearly h�rd or pro�reny insurancc premiums; (d)yearly flood insuruicc premiums,
<br /> _-_=°_;,��7;ti if any; (e)yearly mongage insurance premiums, if any; and (�any sums payable by Borrower to l.ender, in accordance with
<br /> -__---' the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These items ate caUed "Escrow Items."
<br /> "```��`� Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a Icnder for a federally
<br /> --�=�.��
<br /> related mottgage loan may require for Borrower's escrow accaunt under the federal Real Estate Settlement Procedures Act of
<br /> ,.� 1974 as amended from time to time, 12 U.S.C. Section 2601 rt srq. ("RESPA"),unless another law that applics to the Funds
<br />_ . -.�:',� sets a lesser amount. If so, Lender may, at any time, collectandhold Funds in an amot�nt not to exceed the lcsser amount.
<br />°�__��� � L.ender may estimate the amount of Funds due on�lie basis of current data and reasonable estimates of cxpenditures of fbture
<br /> Escrow Itcros or otherwise in accordance with applicable law_
<br />_;;;�,-�y�,r� The Funds shall be held in an institution whose dcposi�s are insured by a federal agency, insttumentality, or entity
<br /> -- (iacludtng l.ender,if Lender is such an institution)or in any Fedc:ral Home Loan Bank. Lender shall apply the Funds to pay the
<br /> _ _ _ Escrow [tems. I.ender rr�ay not charge Borrower for holding and applying the Funds, annually analyzing the escrow account,or
<br /> -�'��� , verifying thc Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender�o makc such
<br /> - - a charge. However, I..ender may require Borrower to pay a one•time charge for an independent real estate tax reponing service
<br /> �_:_,���' used by L.ender in co�wection with this loan, unless npplicable law provides otherwise. Unless an agreement is made or
<br /> --_-��; applicable law requires interest to be paid,Lendcr shall not be requirccl to pay Borrowcr any interest or earnings on the Funds.
<br /> ____ ---- Borrower and Lender may agree in writing, however,that in�erest shall be paid on the Funds. L.cnder shall give to BorroW�er,
<br /> �,'- without charge, an annuat accounting of the Funds, shuwing credits and debits to the Funds and the purpase for which each
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<br /> - debi[co�he Fwids w�as iiiud'c.'{'t��rur,ds a�;,p.c..gc..«..a..diiie....__._u..t, fe*all c�imc cecured by this Security Instrument.
<br /> -v"'� ' If the Funds held by Ixnder exceed the amounts permitted to be held by applicable law, Lender shalt account to Borrower
<br /> = for the excc;ss Funds in accordance with the requirements of applicable law. If the amount of the Funds held by L.ender at any
<br /> time is not sufficient to pay the Escrow Items when due. l.ender�nay so notify Borrower in writing,and,in such case Borrower
<br /> shall pay to L.ender the amount necessary to make up the deficiency. Borrower shaU make up the deficiency in no more than
<br /> twelve monthly payments, at Lender's sole discrction,
<br /> - Upon payment in fuU of atl sums secured by this Security [nstrument, L.ender shall promptly refund to Borrower u►y
<br /> � Funds held by l.cnder. If, under paragraph 21,Lender shall acquire or sell the Propeny, L.ender, prior to the acquisition or sale
<br />��`� af the Propeny, shall apply any Funds held by I.ender at the iirrie of acquisition or sale as a credit against the sums secured by
<br /> ''- this Security Instrument.
<br /> - :a 3. AppllcRtion of Ps►yments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs
<br /> - 1 and 2 shall be applied: first,to any prepayment chargcs due u.nder the Note; second,to amounts payable under paragraph 2;
<br /> — �7 third,to interest due; fuurth,to principal due;and last, to any late charges due under the Nute,
<br /> �� 4. Charges; Liens. Borrower sl�all pay all taxes, assessments, charges, fincs and impositions attributable to thc Propcny
<br /> -�- � which may attain Ptiority over this Security lnstrument,rnd leasehold paymcnts or ground rents, if any. Borrower shall pay
<br /> - ,; these obligations in the manner providcd in paragraph 2,or if not paid in that manner, Borrower sha11 pay them on timc directly
<br /> -�-----� to the person owed paymcnt. Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph.
<br /> —_ —_� If Dorrowcr makes these payments dircctly, IIorrower shall promptly furnish to Lender receipts evidencing the paymcnts.
<br /> Borrawer shall promptly discltarge any lien which has priority over this Security [nstrumcnt unless Borrower: (a)agrees in
<br /> Nriting to the payment of the obligation secured by the lien ina manner acceptable to Lender;(b)contests in good faith the lien
<br />_�-+_��� by, or defends against enforcement of the lien in, legal proceedings which in die Lender's opinion operate to prevent the
<br /> ---"°"°�"-°n'� enforcement of the lien; or(c)secures from the holder of ttie li�n an agreement satisfactory to Lender subordinating the lien to
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<br /> __:�,��,�� • this Security Instrument. If Lendcr dcu�rmines that any part of thc Property is subject ta a lien which ►nay attain priority over
<br /> _°===°�° �°° this Security Instrument, Lcndcr cnay givc Borrower a noticcidentifying the licn. Borrower shall satisfy the licn or take one or
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<br /> �°��-i�� more of thc actions set forth above within l0 days of the giving of notice.
<br /> —^'���=fi�' ' Form 3028 8190
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