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<br /> }`�: c~ T r TOGETHER W1TH a!1 the improvemmts now or h�r er�ded on the property, =_ � ._;
<br /> tt" P P PertY• and additioas shall also be oovered by this Security •: .
<br /> , :' a : f�xauec now or he�after a art of the m Aii replacer�nt4 � �.�:
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<br /> ' �,.. � Iasuument All of the foregoing is refemed w in this Security Iiutrument as the"Property." <4,Y�.. _
<br /> ``' ` " B O R R O W E R C(3VENANTS that Bomower is lawfiilly seised of the estate he�eby conveyed and ttas[he right to grant and :�
<br /> ` � oomey the Pmpe�ty and that the Prnperty is unencambe�ed. excePt for enaimbrances of reoozd. Borrower warcants a n d w i t l � � , �, .
<br /> ,;� +f defead g�eiaUy the tide to the Property agains�all cfaims and demands.subjeat to airy�cumhraaces of record. ,� '� , ,� .
<br /> Y.
<br /> r_: , v,;, 1'EIIS SECURITY INSTRLTM�NT cowbines unifc►rm coveaants for nanional use and non-uniforaa oovenanu wiil►timited • ��,�: .
<br /> --�` ". � ...``. �:`�• vazmtions by jurisdicrion to constnute a aniform secvrity instrument covering ieal property. . � . .:�:4."�..
<br /> as foltows: � '� ° "•
<br /> £ i � 4.°_ <` UNI�ORM COVENANTS.Borrower and Lcnder vovenant and agree : :� - �
<br /> ` , . _ , eat and Late Charges. Bor�vwer sh�1 PT��Y PaY when due the � "'�
<br /> _ ' ' 1. Payraent of�rindpal arcd Iuterest; PrePaYm s � �` f i _
<br /> ' ��,���t principa!of and intetest on the debt evidenced by the Note and anY P�PaYment and tate charges due undei the;t.-x�.
<br /> -- • �';,•:'"••;_ ; : , 2.F ti m d s for Tases and Iasarauce.Snb}ert to applicable law or w a wtiuen waiver by Leader.Borrower sha}1 paY to � ` �r� _..`'
<br /> . Lender an tbe day momhlY PaYme�s are dae wufer the Note,until the Note is paid in full.a sum('Funds")for.(a)yeaziy taxes �.�� �F°. .
<br /> ,�� �,.''` ``°;�; earl teasehoid `• -��.
<br /> ��:`� ` ` and asse��which m�y attain priority over this Security Tnsuament as a lien on t0e FropeRy:N)Y Y PaY°�S ::
<br />_ �� `� ., ° . � or pruund renu on the Property.if any;(c1 Y�Y ba7asd or property insurance p�emiums;id)YearEY flaod wsarartce preunums, �;. •
<br /> . �.: nms,if an 'and(�anY s�ms PaYable tiY Borrower w L.ender.in acxardance with �u, ,�
<br /> �, if any;(el year�y mortgage insuranca premi Y• `° �`.
<br /> Y the provisions of patagcaph 8, in lieu of the payment of mortgage insvrance premiums.'i'hese items are c�l�ed"Fs�°w Items." �x � r .
<br /> ��' F 4� �
<br /> N - - ��may�at any time, collect and hold Funds in an amount nat w exceed the uoaximum amauut a lendet for a federally c }r
<br /> ��..
<br /> �t = for Borrower's escrow amonnt mider the federa!Real Estate Setttemau Procaimes Act of . �
<br /> related mortgage loan may require �,
<br /> �'tl.t�
<br /> ; iE'� �'� ` . . 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RESPA").untess annther law that applies to the Funds �ti , ; ��;M�',
<br /> ` ` sets a Iesser amunnt. If so,Lender may.at any time. oollect and hold Funds in an amount not w exceed the lesser amntmt. . ', •_-
<br /> � �` ` ?' I�nder may¢stimate the amomn of Funds dae on the basis af a�rrent data aud reasouable estimates of expendimres of foture _Y
<br /> '" -. Escrow Itertu or otherwise in acxurdance witl►applicable Iaw.
<br /> : t� :..�� -
<br /> ._.. ._ .. The Fands sha11 be held in an insritution whose deposits are in�.ued by a federal ageacY• ius[mmentality. or entity �.. ; :
<br /> ; w � _ , :
<br /> , ;-.`4�� (incltrdins Lender.if Lender is snch an institution)or in any Fedesal Home Loan Bank.l�ender shall apply the Funds to pay the ;
<br /> Esc�ow Items.L.euder may not cbarge Eorrower for holding and applyiag the Fonds,annaally analYzinS d�e�w�0��O1 . :.
<br /> '`: �,`•�.� �..'",>:''�, verifyiag the Escrow Items,anless Le�det pays Borrower iaterest on the Funds and applicable law perr�uts Lender to make such `..�.��`�
<br /> - irc Horrower to a one-[ime chazge for an independent rral estate ta�[reporting servive .::'L�. ' :�
<br /> � �` � "�� a charge.However,lender maY recN PaY ' �'�
<br /> �^ �s made or ,� , ,�,�-
<br /> , ,` � * .. used by I.ei►der in conneaion with this loan. wiless applicabie !aw provides otherwise. UnIess an ageuneat ' - �r:
<br /> a � �'- � , !,: applicabte law requires inter�st to be paid,i.ender shall not be required to pay Borrowec at►y intetest or eamings on the Funds. �-
<br /> 2.?`: - ` :.
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<br /> Y. ,;�' .�::; ;�.�': Borrower and Lender may agree in wriang.however,that inte�+est shati be paid oa the Funds. Lender shall give to Borrower, .,. ,:. •,�.__:
<br /> 4,µ.'_:
<br /> ' aithaut chasge. aa annual accaunt�of the Fureds.sho�+ing credtts and debits w the Funds and the pu�OSe for which each ` Y� -
<br /> :f . ' . debit to the Fundc was made.The Funds are piedged as additional security for a(l s�ns s�by this Security IaYtrame�. ,t y -
<br /> ' . ' �F' If the Funds held by Lender exceed the amounts pemutted co be held by applicable law. Lender shall accaunt to$orrower :,.;._
<br /> , �' �• " `r for the excess Funds in accordance wilh the tequirements of applicable law. If the amouat of the Funds hetd by Lender at any .�,: +l,�.
<br /> � � - � time is not sufficieat w pay tlte Escrow Items when due.Leader may so notify Borrower in writing.and�n such case Borrower � '• --
<br />'---�=.��' ' � � shaU pay to Lender ihe amounr neressary to make up the deficiency. Banower shail make up the deficiency in no mose than ::'e.�.
<br /> _�_;•.�..: . _
<br /> � "' twelve monthly paymenu.at I.ender's sole discretion. '- ""���f
<br /> �i'.-s •.. c .' - -
<br /> •�.. �. �� upon paymeat in full of all sums secured by this Security Inswmen� Lender shall prompdy refund ta Boao�ver any . •�.y�
<br /> � '`'� � ' ', ,t h 21, l.endcr shall a uire or seQ the Propeny. l.ender.prios to the acquisitioa or sale
<br /> .r,;;� � , Funds hetd by Lender.If.under paragiaP �i `, .:
<br /> + � of the Property.sdall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured bY �'�`,L , '
<br /> ,��•; . �c :
<br /> � � �- this Security Inmument. . ._..
<br /> �'`'• ��' � � 3.AppltcaHon oY Paynneats.Unless applicable law provides otherwise,all paymenu received by Leuder under paragraphs . � ?,�_.-..-.. :
<br /> • 1 and 2 sha11 be applied: firs�to any prepayment charges due under the Note;second. to amaunts payable under pazagiaph 2: ; �•,,; �.. .
<br /> ';�t�,_ :.�.. �.,� .� '� third.to imerest due:founh.to principal due:nrtd last.to any tate charges due under the Note. - ,�..
<br /> '�°�:_ !' � 4.C�eg;Liens.Borrower shall pay aA taxes,assessments,cfiazges. fines arnf impositions anributable to the Property . `. _�_
<br /> .�::.: .,
<br /> . :;:... . which may attain priority over this Security lnstn�ment, and leasehotd payments or ground �ents.if any. Borrovrer shall pay :�_�,.;
<br /> -• • thesc obligations in the msinner provided in paragrapb 2.ar if not paid in that manner.Borrower shali pay them on time dinxtty .
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<br /> � .:`;=' ' : � � to the persan owe�payment. Borrower shall prompsly fumish to Lender all nouces of amounts to be paid under this paragraph.
<br />_;�:�..r.•.�.. .; . . ;:..�tis •.: ..
<br /> . .�+. ,;_.• . . I�Horrower makes tAese payments directly.Bonower shall promptly famish to Lender receipts evidertcing the paymen►s. ` , ,:
<br /> ;�'^�k , . Sorro�ver shall promptly discharge any lien which has priosity over this Security lnstrument unlecc Borrower. (a1 agrees in ' ..•,
<br /> '; ��'�` , ' � , . - writing to the payment of the obligation secured by the lien in a manner acceptable to Lender:(b)contesu in good faith the lien
<br /> �',` ,,
<br /> � : ;, by, or defends against enforcement of the lien in, legal proceedings whi�h in the Lender's opinion opeTate to prevent the ; . ,
<br /> '•,;.j�.��_;�._� . . • . � eaforcement of the lien:or(cl secures from the holder of the lien an agreement satisfactory to Lender subordinasing the lien to
<br /> ._ ',�.� this Security lnsirument. If I.ender deterniine+[hat any pan of the Praperty is cubject to a lien which may attain priarity over
<br /> `. . � this Securiry InstrurrKnt. Lender may give Borrow•er a notice idcntifying the lien. Borrowcr,hult satisfy the licn vr take one or , .
<br /> •;. ;', .
<br /> �E3��' � � more of the actions set fonh above within 10 days of[he giving of notice.
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<br /> �_�::� iarm 302$ 9t90
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