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<br /> ' • . �o e� im���i�t�i�'ll�a ner��nces.m�d ,.. .
<br /> TOahTNLR Wl'fN nU dsc improv�mcnte now on c�rcnftcr crected on the�r p y. ppu
<br /> tixtures now �ir hemnft�r n pnrt of' th� proparty. All tcpinccmznta nnd nddttiana shnll ulRa be covere�i by this Sc�:urity
<br /> - Inatninient.All of thc farcaoinn i»refcrred ro In ihis Sccurity InAtrumcm ag thc"Propeny." •
<br /> - BORRUWP.lt CQVENI�NTS thnt Horro�var is lmvflitly Relsed ai the estnte hereby conveyed und hns the riaht tc►�rnnt nnd �
<br /> convay the Pmpcny and that tho P�openy ie unencumhered,except for encumbrunces of record. BOI[OµC! 1YAC�itI118 (lTltl WJII
<br /> defend��nernlly thc titie to the Propeny nuninxt nll clatma nnd demnnds,subject to nny encumbrnnces of recoed. , . ,
<br /> THIS S�CUttITY INS1'liUM�N7 wi�ibiueF uniWrm covcn.�►ctts for natlonal usc and non-unifotm�vvennnty with limited _
<br /> vurinttons by jurisdictian to conatitute u uniform securtty inatrument caverina re�l properry. � .
<br /> UNIFQRM COVEIdANTS.Honower and Lender cavenant nnd ugree ns followa: ,
<br /> � �� -' 1. Poyment of Principul und Interest; Prepaymcnt and �.ute Chnr�es. Borrower shall prompdy pay when due the ,
<br /> princlpul of und intorest on the debt evidenced by the Note and uny prepayment and lnte chnrges due under the Nate. �
<br /> 2. �nds[or Taxes and Ingum+nce. SubJcct to upplicable!nw or to a written wniver by L.ender,Borrower sh�ll pay to
<br /> Lender on the day monthly paymenta ure due under the Notc,ur�tU the Note is patd in full.a sum('Funds") far:(a)yearly taxes
<br /> tutd assessments which muy attein prIarlty over this Securiry Insttument as u lien on the property;(b)yearly teasehold puymeats
<br /> � or grourtd rents on tho Property.{f any:(c)Yearly hazard or property insurance prewiums:(d)Yearly tlood insurance premiums, . .
<br /> lf aay;(e)yearly naortgage inautance premiucns. if any; and(�any sums payable by Borrower to I.ender. in accordance with _
<br /> � the provislons of paragrapb 8,in lleu of ehe payment of mortgage insurance premiums•These items are called'Escrov�Items.' ..
<br /> Lender may. at aay time,collect and hold Funds in an amount aot to exceed the mauimum amouat a leader for a federally
<br /> related mortgage loan may require for Bormwer's escrow account undor the federal Real Fstate Settlement Pmcedures Ac�of
<br /> 1974 as amended from time to time, 12 U.S.C. Section 2691 et seq. ("RPSPA"),uniess another 1aw that applles to the Fuuds .
<br /> ..; sets a lesser amouat. if so, Lender may. at any ti�ae, collect and hold Funds in an aa�ounc not to eaceed the lesser azaount. r� _
<br /> Lender mny estimate the amount of Funds due on the basis of current data and reasonable estimaces of expeaditutes of Poture
<br /> Escrow Items or otherwoss in accordance with applicable law. •.
<br /> � The Funds shail be held in an instltution whose deposics arts iasured by a federai pgency, inatcumentallty. or entiry ���,�
<br /> (including i.ender,if Lender is sucP�an institutioa)or in any Federai Home Loaa Bank. Lcnder shall apply the Funds[o pay�he
<br /> Escrow Items.L.eader muy not charge Borrower for holding and upplyin�the Funds,annually aualyzing t6.e escrow account,or •
<br /> .,� verifyin�the Escrow Items,unless I.ender pays Borrower interest on the Funds and applicable faw petmits L.ender to make such
<br /> a charae.liowever,l.ender may requ{re Borrower to pay a one•ttme cherge for an independent reat estate tax reporting secvice �
<br /> • � used by i,ender in counecdoa with this loan, unless applicable law provtdes othetwise. Udess aa agreeraeat is made or :�;:
<br /> applicable IAw requires interest to be paid,Lender shall aot be required to pay Borrower any interest or car�Nags on the Funds. •�Y` -
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<br /> Borrower nnd Lender may agree in writing. however,ci►a�inicc�+i yu�ti Y,�paid�a thc F�:�. Lc���.�at2 g!:e te Sar:a���er. �:��, _ :
<br /> withaut charge. an suanunl accounting of the Fun dg.s how i ng c r e d l t s an d d e bi t s t o t h e F u rt d s a n d t h e p u x�o s e f o r w h i c h e a c h ;o�,���:
<br /> • � debit to We Fuads was made.The Funds are pledged as additional srxuriry for all sutps secured by this Secuzity Instniment. �;�;._
<br /> • � If the Funds held by Lender exceed the amounts pe�mitted to bo held by applicable law.l.ender shall aocount to Borrower ��-
<br /> � for the eac¢ss Funds in accordence with�he requiremencs of appltcable law. If the amount of the Furxda held by x.ender at aay
<br /> th
<br /> time[s not suffieient to pay the Esemw Items when due. Lender may so notify Bocrower in wrltlag,and,ia such case Borrower �":
<br /> sh�it pay to l.ender tbe awount necessury to make up thc deficiency. Borrower shall make up the deflciency in po more than � ��,y�gr�.
<br /> twelve monthly paymsnts,et l.ender's sole discretioa. �`�=-`�'
<br /> w t Upon payaient ia full of all sums aecured by tbis Security Iastnunent, L,ender shall prompdy refund to Bonower any �-��.��`_
<br /> � Fwtds held by Lender.If,undor paragraph 21,Lender shall acquire or sell the Property.Lendor�prior to thc acquisition or s a le �' =",�u�'
<br /> .� of the Property.shnll apply any Fuads held by Ixnder at the time oi acquisition or sale as a cred[t a�einat the sums secured by �°�
<br /> �, thia Secudty Iasri'umPnt. a-•��'
<br /> :�:�;,,,•_,,;,�. �•� 3.AppiicaUon oP�ayments.Unless applicablc law provides otherwise,�II payments received by I.enderuador parap,raphs ���,�;x,;:
<br /> ��''.`t`����:`:'!'`+•b � 1 aad 2 shali be applied:firat,to any prcpayment char�es due uader the Note; second,to aatounts pnyable undor paragraph 2; �'����
<br /> .,.::.'�-.i,�..,��m: � _ -
<br /> .,., �.,.y`; . ,i third.to interest due;fourth.to principal due;aad last,to any late chazges due uader We Note. _nP=-�-:_
<br /> ',.�>. ,� � 4.cCQmrges.Llens.Borrower shall pay all taxes� assessments.chnrges, fines and impositfons atuibutabk to the Property '��'=_
<br /> ° �� ; w}uch m�y atwin prtortty over tbis Securlty Instntment. nnd leasehold payments or ground rents, if aay. Borrower shall pay ____
<br /> these ob�igatlons in tha manner pcovided in parngraph 2.or if not paid in that manner,Borrov�er shall pay them on time dicesdy .T—°
<br /> � ta the pe�son owed payaient. Bonower yhell pmmptly furaish to L,cader all notices of asaounts to be pald under Wis parngraph. �'�«�-
<br />,... , �T If Botrativer mnkes these payn►enGc direcdy,Borrower shall prornpt 1y f umi s h to L�n der rece ipts ev i deac i n g t he paymen t a. ,'—_ _
<br /> � Borruwer ahatl promptly dischargc any Bcn which bas priority over this 5ecurlty instmment unlesa Borrower:(a)agrces in
<br /> •• wrlting to the payment of tbe obligattoa secured by the lien in a n�anr:er acceptable to Lender;(b)contests in good fait�the 1ten _
<br /> � � °• by, or defends against eaforcement of the lien in, 1ega1 proceedings which in the I.ender's apinion operate to prevent the :.{:4�1:=
<br /> enforcement of the IIen; or(c)secures from the holder of the lien an agreement satiafactory to L.ender subordinating the lien to .,__
<br /> �,; . this�r�ry Instn�ment.If Lender determines chat aay part of the Property ts subjest to a 11en which may atuiin prlority over ��=��
<br /> • this Securlry Insuvmeat.Lender may give Borrower a notice identifyiag the lien.Borrower shc{II satesfy the lien or ta�Ce one or
<br /> ,, more of the actiors set forth above within 10 days of the�iving of notice. •�`�
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<br /> Fomt 3028 8/80
<br /> •••o eilNE)tos�s�.oi aeflo�or a wn�e:� .•
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