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<br /> °_'���'�� 7YX3aTHBR\ViTH ali the improvernEnts naw or hercufter ere�tcA on thE pmperty�attd all easem�nta,appnrtennn�es,and
<br /> '�i z�s====� fixtures rtow or hzreufter a purt of the pmpE�y. All replucementa nrtd addittons ehull also bo cavered by this 3ecu�ity .
<br /> �;�,�;;��;-��� Instrument.All of'the foregoing is referred ta in this 3ecur�ty Instrument ns the"P.bperiy."
<br /> -----�— BORROWBR COVLNANTS that Borrower is In�vfully Reiscd af the estute hereby conveyed and hus the right ta gtunt an�1
<br /> -- -�—::--.
<br /> ------��-
<br /> �.''7'S'+�', +';►j� canvey Ute Property uad that thc Praperty is unencumbered,except far enc�tm6rances af recotd. Borrower wurtunta atuf�vll � ° --
<br /> ""-=�--�-�_°��` defend generelly the tide to the Properiy against all ciutms ond demartda.subject ta any encumbrances of cccord.
<br /> =�:�rsyTJ°"�K�• THIS SECURITY INSTRUM6NT con►binzs unifarm covenants far nattonal use ansi non-uniform cuvenunts with limited _
<br /> ,.�� �v:w ; ,`� variatians by jurisdictian to cnnstitute u u��ifurn►xcYUrity instrumcnt cc�vcring rcal pro�scrty. �- -
<br /> _x�-=�'`�=��' -w UNIFORM COVENANTS.Rorrower end Lender covenant and agree as follows:
<br /> . � � "�'� 1. Pnyment of Pirincipat nnd lnteresti P*'eps�yment a�d iarte Charges. Borrower shall pmmptly pay when due ths
<br /> � .-- _ - principai of ond intcrest on tt�c debt cvidenced by the�►Iote and any prepayment and late chnrgec due under the Nate. -----
<br /> 2. Funds for Taxes and Insurance.5u6ject to applia�ble law or to u written waivcr by Lender.Borrower shall pay to
<br /> . . Lender on the day manthly pnyments are due under the Nate,until the Note is pald in full.a sum("Furtds')for:(a)yearly taxes
<br /> and assessments whirh may attain prfority aver this Security Instrument as a licn on the Property;(b)yearly leasehald pnyments �_-Y_ --- .. -_..
<br /> - or gmund rents on the Property.if uny:(c)yearly hazard ar property insurance premiums:(d>yearly flood insuatnx premiums. -_
<br /> � if any;(e)yearly mortgage insurance p�rniums, if any:and��any sums payable by Borrower to I.ender. in secotdac�ce vrith --- __
<br /> the provisions of paragraph 8, in lieu of cRe patiya�ent of monga�e ic�surance premiums.These ite►ns are caltod"Escrow Htems." °-�---
<br /> ' Lender may, at any tiine, co(lect att�hold Furt�s in an umouut rtot to exce�d tLte maximum amaant p lrrtder for A federatty
<br /> related mortgage loan may reyuire far�orrawer's escrow account umler the federal Rral 6seate Settlement Procedures Act o4' ''�=�f=
<br /> 1914 as amended from titt�e to ti�rte, 12 Q1.S.C.Section 2601 er seq. ("1�ES�A'D,unless attotR�er!aw that applies to the�ut�ds �,;��Nr�-
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<br /> sets a lesser amount. If so, Lender may, at any time, collect and hold Fu►tds in an amount a�ot to exceed the lesser tu�evuiit. �.;,�,:�,-,_
<br /> � L.ender may estimate the amount of IFunds due on the basis of current data and�easonable es¢imates of expenditures of future .H..�:�-=:—
<br /> `�� • , Escrow Items or otherwise in accordance with applirable law. • " --
<br /> '��:�., � The Funds shull be held in an institution whase deposits are insured hy a federal agency, instcumentality. or entiry *'yv'"��
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<br /> �+_ :: ,� �,...� �including I.ender,if i.ender is such an institution)or in any Federal Home Loan gank.Lender shall apply the Funds to pay the
<br /> �''�-�' Escrow Items. l.ender ma not char �Bcmrrower for holdin and a 1 in the Funds, annuall anal zin the escrow account,or ��`--
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<br /> , ,, ,,, verifying the Escrow Items, unless I.eixiea�puys Borrower interest on the Funds and applicable law permits L.ender to make such �'�;�
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<br /> �• � a charge. However, L.ender may requirc Borrower to pay a one-time charge for an independent reul estate tax reporting service •�,;.-_,_
<br /> '' used by L.ender in connection with this loan, uniess applicable law provides otherwise. Unless an agreement is made or ::�._
<br /> . appli�:able Iaw requires interest to be paid,I.ender shall nat bc reyuired to pay BoROwer any interest or earnings on the Funds. '��:-�.----
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<br /> ,s��,ti, Borrower snd l.ender may agree in writing,however, that intere,t shatl be paid on the Funds. Lender shall givc to Borru�ver. "'u��,:.�-_--
<br /> `��,�. , withotet charge. an annual accountm_�of the Funds, showing crcuar>and drbita iv the i'ur�s at�3 iht put�osc for wh9r:::,�ch ���`�__ -
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<br /> debit to the Funds was rtiade.The Funds ure pledged as additional xerurity for a11 sums secured by this Security Instrument. ,„. ,.�,� , _
<br /> • If the Funds held b Ixnder exceed the amountc tmitted to be held b � licuble law, Lender shall account to Borrower ''`'� "'''-�
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<br /> •� for the excess Funds in accordance with tfie req�nirernen�.of applicable law. If ehe amount af ihe Funds hefd by L,ender at any `N'. =:'�?`•
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<br /> � '����':�f;' �ime is ncu.ufficient to pay the Escnn� 1�cema��•h�:n due.Lender rarey So notify&�rrower in��ri;ing,and,in sueh case B4�m�wer .< „•� :i.._-
<br /> . ��`�;;'''��',� shaq pa� to Lender the amount nec��ar} to mal�e u�the desicien�y. Borrower sha❑ make uF the de}iciency in no m��e �han �: ,��,��,-<;;,.
<br /> twelve mcmt h l u mcnt�,at L.en drr'�si�lc discretion. ���3"�1��--.
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<br /> • 1����•f••`�� Upon payment in fuil of ull �um+ serured by thi� Security ln�trum�nt. Lcnder cha11 promptly refund to Borrower any �c ' ;�
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<br /> .�r Us,•, Fundti held by L.cndcr. If,undcr par3graph 21.L.endcr�hall acquirc a�r selt the Pmperty, Lender,prior to the acquisition or sale `°`=
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<br /> ,;.;,,,.�..�, of the Property. �hall apply any Fund.held by L.encler at the time ot'acqui�ition or sale as a credit against the sums secured by
<br /> � �� " this Security Instrument. —
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<br /> `'!��">�,t' 3.Application of Pa��ments.Unlc�s:�pplirahle law pr<wide���tiicr«•ise, ull payments recci�•ed by C.ender under parugraphs ,
<br /> " 1 and 2 +hall he appli��ci: t3r.t, tu any prrpayment rhurgeti due under the N��te: ��cnnd,tc�am��unts payahle under paragmph 2: . �
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<br /> third,tii interect due:tiiurth,to prinripal due:�Il(�IiLtiI,ta an��late rhar�e�duc under thc Note. , ..: .
<br /> .::' � 4.Char�es: I.iens. Burru��cr�halt pay all taxeti.as>e+�mcnts. �hargct. finc�and irn����itinns uttributable to thr Property ,tii,�'��:J3�-N
<br /> � '��''�,�'' ' whirh may attain priurity� o�cr thi. S�turity Imtrununt, anS Ir�,ch��ld pa�•mcnt�ur gr��uncl rem�. ii an�•. Borrawer shall pay ,�' �;,.�,,.�_
<br /> �`' the�e uhlig;Uion�in the manner pra��iJcd in par�graph?ur if nut paiJ in that manixr. &�ttou er shall pay them on timc directly .. •',,:;�;�.'�y-:_
<br /> to the pertion owcd pa}nknt. B��rru�►rr.liall prumpU� turni+h to Lendcr all natire.��f amount�to he �id undcr tfiis ara ra h. � �i; �`^�`"
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<br /> If&�rro�ver maketi the.r payment.Jircctly.Bexr��u�r shatl prumptly furni,h tr Lendrr receiptti evidencing the payments. �.,•.;. �'.
<br /> , $��rroacr�hall prumptl� di,rhargc:�m licn ��hi�h ha.priurity u��cr thiti Se�a�rity In�trum�nt unle��B��rr��wer: (al arrees in ' '�,;y;';$'� '-
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<br /> � writing to thr pa�mrnt uf thr c�hligation .�.urcd h�thc licn in a m.mner arre��tahtc tu Lcnder: �hl cemt�sh in gocxi fHith che lien ••�•,�,.•.,.,.,.�,. �
<br /> b�. or defcnd. �gaimt cntitt�cmrnt o( sh� licn in. kgal pro«•e.:ing, Whi�h in Ihc LcnJ�r'. apini��n uQer.tte to prev�nt the :''`.i'�;•��{. `�
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<br /> enfi�rcement��t'thc licrr,ur tr►.rrure.frum thr h�•l�:�r uf thr licn an ugmemcnt�a�i.tartc�r� ti. Lrndtr tiuhnrJinating the lien to • , „ �
<br /> thia Scrurit�• In.trutncnL [f Lendrr�ietcrminr,that am pan ot'thr Pru�xm �� �uhic�t t�. a lien��•hirh may attain priurity over ,�,
<br /> thi. Scrurit� In.trument. I.��xlrr may �i�r B��rn►��rr a n«tirc idcntif�in• thr licn. B��rratscr+�h:dl �ati.f�•thc lirn or takr one or
<br /> 1- b '�f�j�,•t .
<br /> more uf thc actiun..rt ti,rth ahorr a�ithin It)d:i��af Ih� i�in�uf ni�li�i ��� '� '�'.,' ••:�';�� ..
<br /> � b t• �. <�f��;'
<br /> Form 3028 9I90 I ± ,�?�?
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