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<br /> __.��y,� 7'OOETH�R Vl1TH uli the impravcments aow ar hereafier erected on the propeny.and nll ease�nents.appurtennnccs,and
<br /> -�- -- fixtures nrnv or hereutler u pad of the property. All replasernente and additions shull also be cover�d by thi» SecurICy
<br /> _ � [nstrumcnt.Ali of tho faregaing IK rrferred to in this Securfty Instn�ment as d�e"Aroperty."
<br /> ' B013ROW�R COVENAiVTS that Borrawcr ie lawtl�lly sefFed af the estate hcreby canveyed and haq the right ta grnnt and
<br /> � cunvey tho Prapeny und that tho Property is unencumbercd.except for cncumbrances af record. Borrower wurrents and wfll
<br /> defcnd ge�krully the Utle ta the Praperty aBainst all rluims and denwndA.subJect to any encumbranc�w af record.
<br /> - - -__=,I THIS SF.CURITY INSTRUMENT combincw unlfarm cavenuntx far nutionol u�u and non•unifamt��avcnanta�vith 1{mit�d c_
<br /> vuriations by jurisdirtion ta oonstitute u uniform eecuriry iru►trument covering res�l property.
<br /> UNIFO1tM COVBNANTS.Barmwer und l.ender covenunt und agrcc as fatlows:
<br /> ;• l. Ppyment o!Princip�l attd Interest; l7�eps�yment pnd I.ate Charges. Borrower shall promptty pay when due the
<br /> i � principai af und intcrcst on the debt evtdenced by the Note and uny pmpayment and late chu�es duc under the Nc�te.
<br /> � 2. Fundy tor Taxc.w and Insurance. Subject ta upplicable luw or ta a written wadver by L.ender. Borrower shnll pay to
<br /> I Lender on the duy manthly payments Ar�due under the Note.until the Nate is puld in full�a sum("Furtds") far: (u)yearly wues
<br /> �� und uss�sment�which muy attain pdarity aver this Security Instrument as u lien on the Property; (b)yeariy lea.sehald paymenu --
<br /> or graund rent�on the Property.if uny;(c)yearly haznrd or pmperty msurnnce premiums;td)y��iy rZood incu�zun;e p�raiiums. --
<br /> ��r'?�. � if uny; (e)yeurly mortgage insurnnce prcmiums.if uny; und(�any sums puyuble by Borrower to Lender. in aaordence with
<br /> i�•. the provisions af parngraph 8, in Iteu of the payment�f mortgAge insurance premiums.These items uoe called"E,scmw Items."
<br /> � �' �'� l.ertder may, ot cu�y time. coltect suid hold Fuads in an amaunt not to exceed the maximum amaunt a lender far a falerally
<br /> �'�-:
<br /> •����; � related mortguge toan may require far Harrower's escrow accaunt under the federal Real Estute SetNement Procodures Act of
<br /> _�;.,�,,�,,, 1974�s amertded fram time ta time. 12 U.S.C. Sectian 26(11 er�eq• ("R�SPA"),unless another luw that applies ta thc Funds ___
<br /> ' �' sets n lesser umaunt. tt sa, l.ender may, stt any time.coliect und hold Fu�ds in nn umount not to excceci ihe lesser a,��oa�u. - -
<br /> ,wr.,,. . .
<br /> � � •� L.endcr may estimate the amount of Funds due on the butiis of current dutu and m,usonabic estirtwtes of expenditures of future
<br /> „ �- E.icrow ltems or othcnvisc in accorduncc with applicablc tuw. —
<br /> The Funds shail be hcld in un institution whase depc�sits ure iosured by a foderai agency, instrumentality.oc e�tity =
<br /> � , , , (including L.endcr,if Lender is such un institution)or in any Fcdcral Home Loan Bank.i.ender shall Apply the Punds to pay the R�,
<br /> � E , �scmw items.Lender muy aot churge Barrower fo�holdtng and upplyi�g the Funds.annuully anulyzing the escmw acrount.or _
<br /> • verjfying the Escrow Items,unless I.ender pays Borrower interest on the Funds nnd applicuble luw permit�c I.ender to make such �-"
<br /> • a churge. However, i.ender may require Barrowcr to pay u onc-time chur�e for an independent real estare tux ieporting�service
<br /> . used by Lender in connection with this laun. unless Applicuble law provides otherwi.se. Unlesx un agreement is mnde or "�
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<br /> „ applicuble luw reyuires intcretit ta bc paid, L.endcr shall not be required to puy Borrower any interest or carnings on the Funds.
<br /> ._: -, �,r��w�r;�rut t.�nder may aaree in writine.however,thut interc+t shnll be paid on the Funds. Lendcr shull givc to Hc�rrower, ��W
<br /> without charRc, an annual acc��unting af thc Fund+. .howing crcdits und debits ro thc Funds and thc purpotic for which cach � ;�
<br /> debit to the Funds w�s ninde.The Fundx are pledged a.+udditi�mal�ecurity for all sums.ecurec!by this Security Instrument. ���
<br /> ° �� ' If the Funds hcld by l.ender exceed the umounts permittecl ta he held by s�pplicuble law. Lender shrll accuunt ta Barrower ��:�"'�'�
<br /> . for the exeecs Fundt in accordance with the mquirementti of�pplicablc law. If the anmunt of the Funds held by I..ender at uny r"��
<br /> � timc is not�ufficicnt to pay thc E�cr��w Itemx whcn dur. IAndcr may.o n��tify Borcowcr in writing,and,in such casc Bor,wer -
<br /> „ shull pay to L.endcr thc amount nccc�sary to makc up thc dcticicnry. Burrowcr shall makc up thc dcPcicnry in no mom than
<br /> ' twelve monthly payment�,at I.ender'�+ole discretiun.
<br /> • " Upon puynunt in fuU uf aii .unn zccurrd hy thi. Scruriq• Imtrument. L.ender shall prompdy refund to Bormw•er any
<br /> „ FunJ.helJ by L.ender.If, un�ier parxgraph 21. [.�ndrr�hall uryuire�x�cll ihe Property. I.ender, prior to thc acquisition or+ule
<br /> of thc Prc�perty. shall appl�•any�Fundti hcW hy I.cnJ�r ut thr tintr at'aryui+itiun or�alc ati u crcdit again.t thc�um� +ccurcd by
<br /> this Sccurity Imtrumcnt. °
<br /> 3.Application af Paymcnts. Unlc+.upplirabic law pru��idc.��thcnvi.c,all paymcnt.rcrrivcd by [.cnJcr unJcr parwgraphs
<br /> 1 and 2 tihall hc appliai: f nt. to an��prcpuymcnt rhargc+dur undrr thc Natc: �rc�mJ, to amount�payaMlc undcr para�raph 2: -
<br /> third,to intcre+t duc: fimrth,t��prinripal dur:anJ la�t,tu an�• latc�hargc.due undcr thc Nute.
<br /> - - :. 4.Cha�e:s: i.irm. 8��r�u��cr ,i�all pay ali tar�...�..c..mc�it.. .li.�r���. tin�;and im}xr..iti�zn,attributablc ro tne Frnperty •
<br /> •� which may Lttain priurit� u�•cr thi� Scrurit� In.trununt. and Ica+ehuld paymrnt+ur gr��und rent,. �f any. &�rro���cr.hall pay
<br /> .. thcu ohligatii�n.in thc munncr pn+�idrd in paragraph?.ur il'nnt paiJ in th,rt mann�r.Burro�.�rr�hall pa�thcm�m timc JircrNy
<br /> k�the pertion owrd paymc�u.Burr�nscr.hall pr�nnptl� I'urni.h t��l.cnJrr all notirr.�,f amaunh tii bc paid unJ�r thi� paragraph.
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<br /> . It'Borcou•er makc.th�,c paymrnt,dircrtly. Hurru«rr,hall pr��mptly furni.h tu I.rnJer rrr�ipt.c�iJcnring the paymcntti. ''--
<br /> . � k��rr�iwcr�hall prumptl�� di,rhargc am lirn uhtrh ha�prwrn} ���rr th�.Scrurrt� ln�trumrnt unlc�.&nrower. �u�nr�c�, i��
<br /> , writing ta thr pa}ment uf thc unligatiun.rcured hy thr li�n in:i mann�r u«cptahlr to Lrnder: �h►rantr.t+in g�,�d t'aith th�licn
<br /> b�•. ar drfcnd� again,t cnti�r�•cmcrn uf tli� lirn in. Icgul prorr�ding. ahirh in thc L�ndcr'. upfmun operatc to prcvent thc
<br /> enforcemrnt�J thr licn:nr �rl .ecurc,fmm tli� hnlJcr��f thr lirn an agrccment.ati.tart�+q t��Lcnder,uh�udinatin�,thr licn to
<br /> thi+Sccurit}• In,trument. If'ixnJe�Jrterm�nr. tliat :im pan �,1'the F'r�,p�n� �,.ul�ject t�,a lien��hich may •rttain priurity uvrr
<br /> thi�Srcurit�� In,trumrnt. l.rndcr ma� givr &�rr�n�rr a natir� iJrntit'}ing th� li.n. B�+rru��cr�hall +:tti.f� thr lirn��r takc om�,r
<br /> mom uf thr action..rt ti�rth ahave��ithin 10 d:��,ut thc gn inz nf n��ti�•r.
<br /> Farm 3028 9i80
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