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<br /> TOOSTHBR WI'fli afl the improvements t►nw pr hera�ter ei+ected at the property,and�Il e�eir�nt�.�ppuMen�noa4,�
<br /> fixturcs now or hereutter a �ut uF tho prnpeny. All rcplacemcnts und additfons ehall alea l3e covered b'y thi� Sa.�itity "
<br /> Instrun�ent.All of dic forcgaing in rcfuretd ta in Rhia Securiry Instrumcnt as ti�c"Froycrty."
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<br /> BORROWL��t COVIINA1Vr$thut Barrower is luwfully seised nf the estate hareby ec►nvcyc�f rarsl hus the right to�rant and
<br /> convey the Property enA .ht�t tho Property ts unencumbecod. excegc Wr encumbrances of rocord. Borrower wanymts w�d wi11
<br /> defend gcnerally the titlo to the Prop�rty egainst all clalms and demands,subjat to any encumbrnnces of tecond.
<br /> THIS SBCURITY INSTRUMBNT combine�untform cova�ar►W fur natiarttl usa and non-uniforna covenu�ts with liMtad�
<br /> vnriatlons by jurisdictlan to canstitute a uniform isecuriry fnstrument covering real property.
<br /> UIJIFORM COVENAN'l'S.Barrower ar�d I�ender covenant and agrx iu fnlluwe: ••
<br /> 1. Aaymrnt of Prinaip�l�nd Intee+astt �PU'►hnK �nd Late Chac�es. Burrowar shall Prompt1Y P�Y wha�duo the .
<br /> pr�ncips�l of end interest on tke dtbt evidencrd by tho Noto and any prepayment and Iste charges due under tha Note. � ,
<br /> 2. k'unds for 7 axns and Iesurat�ce. Subject to epplicablc law or to a written waiver by I.cnder, Hormwe�ehatl pay to
<br /> i.ender on the dny munthly payments ure due under the Notc.until the Note is paid in full. a sum("Funda")for:(a)yearly taxes
<br /> and essesoments which may attain pdorlty over this Security Iasttument es a lien op the Property;(b)Ytar1Y leaschold p�ymtnts
<br /> or ground rents on We Properiy.if any:(c)Yearly hazat�d or pmperty insu�nce p�miums:td)Ye�rly fiood le�suraace prepiluma.
<br /> if any:(e)yearly mortgage ln'suianoe pretriiums. if nny: and(�any eums payable by 8orrower w I.etder, in accordanve with �-
<br /> the provisians of paragruph 8.in lteu of the payment of mortgage insnraacc premiums.These items are called"Escmw Itsms."
<br /> Lender may, at any time.collect and hold Funds in nn amaunt rtot ta exceed the maximum amount a lender for a faleiaAy
<br /> relatad mortgage loan may require for Borrower's escrow ar�:ount under the fe�eral Real Fstate Seetlement Prc�dur�es Act of
<br /> 1974 as runendad fcom time to t[me, 12 U.S.C.Section 2601 et seq.("RESPA").unla�snwther law that applies to tbe Funds
<br /> seta a lesser nn►ount. If so. lender muy. at aay time,colloct and hold Funds in an umount not to exaed et►e lesser amount.
<br /> Lender may estimate tho amuunt of Funds due on the basis of current dxta end r�asonable estunaus of expeAditures of funue
<br /> Escrow Items or otherwise in ua:ordunoa wlth applicable law.
<br /> The Fundg shutl be held in an institutIon whose deposits are insured by a federnl a$ency. ipsuuatentalIty. or entity
<br /> (lrtclud.ins Lender.if L�ender is such stn lnstitution)or in any Federal Home Loan Bank.Lender sh�!(apply the Fw�da to p��ihe
<br /> Escrow Items.Lender muy noi charge Borro�vec for holding suid applying We Funds,aanw�ily unalyzing the e.scrow aocou�t,or
<br /> verifying the Fsc�+ow Items.unless L.ender pays Borrower interest on the I�unds and applicable Iaw permits Lender w make'such
<br /> a charge.However.Lender enay require do:rower to pay a one-time charge for an indepeadent reW estate tax reporting service �
<br /> used by Lender in connectton wlth this loan, unless upplicable law provides otherwise. Unless en agt+eement is mude or ''
<br /> applicable law tequires intet�st to bc paid.l.ender shull rtot be required to pay Bormwer aay interest or earnings on the Furtds.
<br /> Borrower and[.ender may agree in wdting, however,that Interest shall b�paid on the Funds. Lender shali give ta Bomnwer.
<br /> without cl�ar�e.an a�r►uaf uccounting of the Funds. showing credits and debits to the Funds and the pu�nse far whIch each
<br /> debit to the Funds was made.The Funds are pledged as additional securIry for ctil sums secuced by this Security Inshument.
<br /> If the Funds held by Lender exceed the mnounts permitted to be held by applica6le law,Lender shall account to Borrower
<br /> for the excess Funds in accondance with the cpquirements of applicable law.if the amount of the Funds held by I.ender�i any
<br /> { tlme is not sufficient to pay the Escrow Items when due. L.ender may so notify Borrower in writing.end.in such cuse Bortower
<br /> shnll pay to Lender die amount neoessary to make up the deficiency. Busrower shal! make up the deficiency in no more than
<br /> ,, twelve monthly payments.at I.ender's sole discretion.
<br /> Upon payment in full of all sums secured by this Secudry Instrument. Lender shall prompdy refund to Borrower eny �
<br /> ,,. ,�,� Funds held by l..ender.If.under paragraph 2!,I,ender sliall acquire or scll the Propeity,Lender.prior to the acyufsition or sale
<br /> of the Property,shall apply any Funds hetd by I.ender ut the time of a.cquisition or sale as a credit against the sums serur+ed by
<br /> ��- this Securtty Instrument.
<br /> `�`�� 3.Application of Anyments.Unless applicable law provides otherwise,all payments c�eceived by Lender under paragraphs
<br /> 1 and 2 shnll be applie�: first.ta uny prepayment charges due under the Note: secand,to amounts payable under paragraph 2;
<br /> � .�;,.,, �•�� third,to interest due:fomth.to principal due;and last,to any Iate charges due under the Note.
<br /> ,� :��„�'.;'':*�;.-� 4.Charges;Ltens. Borrowcr shall pay all wxes,asses�ments,charges,Fnes and impositions uttrlbuutble to the Pt+operty
<br /> `"�`'�";'i�-r;;��:�'' which may attain priority uver this Security Instrument. und (easehold payments or ground rents. if uny. Borrower shall pay
<br /> '?�'''��`�``'�"� these obli�ations in the manner p�+ovided in parngraph 2.or if not paid in thut manner.Borrower shall pay them on time dtrectly
<br /> `� " to the person owed payment. Borrower shall promptly furnish to Lender al l noticea of amounts to be paid under thts paragraph.
<br /> '' �'�' ; If Borrowar makes these payments directiy.Borrower shall promptly furnish to I.ender receipts evldencing the paymenYs.
<br /> _ '��' � _ Bonower shall promptly discharge nny lien which has priorlty over this Scxuriry Inst►vment untess Borrower:(a)agrees in
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<br /> e�, ;�� • writing ta the payment of the obligation secured by the lien in a manner ucceptable to I.ender;(b)coniests in good fui4h th�lien
<br /> , by. or defends against enforcement of the lien in, legai proceedings which in the Lender's opinion operate to prevent the
<br /> �"' � enforcement of the lien;or(c)secures from the holder of the licn nn agreement satisfactory to i.ender subordinnting the lien to
<br /> '��=� .;... •• this Security Instrument. If L.ender determines thut any purt of the Property is subjert ro a lien which mny uttatn priority over
<br /> `,;' this Secucity Instrument, Lender muy�ive Horrower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> �_ ,� more of thc acrions set forth abovc within 10 days of the givin�of notice.
<br /> ' . Form 3028 8/80
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