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<br /> 'CUORTHLR WITH atl tha iaipmveaavus now ar heriafiter ereaod on the pmperty,and att casement$��ppuiteuvxes�ond
<br /> flxturt� now or hercuftcr n psu�t of the property. All rcplacemants and additions ahal! elso be coveral by thls Ses�uity
<br /> lit.rtruntent.All�f the fnregoing ie referreii w in this Securlty Instrument us the"Propsrty."
<br /> AC)ltRAW�[t CUVENANTS that Horrower is Iswfully seised 4f thr�estate hemby conveyed and hns the dght to grant cuid
<br /> cnnvoy tho Fruperty und that the Property►is unencumbered, except f"or encumbrances of record.Borrower wucrantR nnd wili
<br /> dofand generully tl►o sitla to the Praperty a�ainst all claimx and demnnds,subject to any encumbrancea of record.
<br /> Tf3��&�?C[1RITY 1N5"fRUM�NT cc�mbines u.nifotm sovenants for ttatlonnl use end non�uniform covenants with limitad
<br /> vartwtc�ne by Jurisdtction to consNtute a uniform security insnuraent covering real property.
<br /> UIVIFUItM COVBNANTS. Borrowar and:I.ender eoveaant and agr�as faUowa:
<br /> 1. A�tyment of Pr(ncipal �nd Intet est; Prepayment and I.ate Charges. Botrower shr.ill promptly puy whan due tho
<br /> pdncfpul of nnd interest on the debt evldenced by the Note and any prepayment and late charges due undor the Note.
<br /> 2. Fu�td9 tor Taxcs And Insaraace. Subjecx to applicabie iaw or to a wdtten waiver by Lender.Horrower shulf p�y to
<br /> Lcnder on the day monthly payments erc due unQer tha Note,until thc Nate la paid In full.u sum("Funds")for:(a)ye�uly wues
<br /> and uesessmenta whtch may uttain pdorlty over t�te Secur�ty Instrument as a lien on the Property;(b)yearly le�sehold pAymente
<br /> or ground rents on the Froperty,if ar►y;(c)yeaz4y hazsrd ar property ineurance premiuras;(d)ye�rly flood insurance premlume�
<br /> if uny; (e)ycurly mortguge Insurance preruiums.if any; and(f)any swns payable by Borrower to Lender.ln acwrdsutce wlth
<br /> tho provielon�af parngraph S. ln lieu of the paymant af mort$age insurance premiums.These items ura called'Escrow Items."
<br /> Lender mAy. at any timo. collect aad hold Funds in an amount not to exceed the ma�mum amount a lender for u fedcrnlly
<br /> relatcd mortgnge laan may require for Borrower's escmw accaunt undar the federal Real Estate Settlement Procedures Ast of
<br /> 1974 ax amended from time to time, 12 U.S.C. Secdan 2601 et seq. ("ItPSPA"),u�less another Isw that applles to the Funds
<br /> 5et.9 a lesser amount. if so.l.Qnder may, at eny tlme. collect and hold Funds in an amount not to oxceed the lcsser aaiount.
<br /> L,ender muy estimatts[ho amount of Funds due on the basis of current data and reasonable estimates of expendituces of fLture
<br /> Escrow Itema or otherwiRe!n accardance wltb appltcable law.
<br /> The Funds xhall be held in an institution whosc deposits are insured by a federal agency, instntmentaliry. or entlty
<br /> (includiag Lender,if I.ender is such an instltutfon)or in Any Flederal Home Loan Bank. I.ender shap apply the Funds to pay the
<br /> Escrow Items.i.ender may not charge Borrower for holding and applying the Funds.annually analyzing the escrow account,or
<br /> vedfyin�the F�crow[temb,unlesa I.ender pays Borrower lnterest an the Funds and applicable law permits L.ender to muke such
<br /> u charge. However,Lender may require Borrower to pay a one-dme charge for an independent real estate tex reporting service
<br /> used by Lender in cannectlon wlth thia loan. unless applicable law provtdes otherwlse. Unless an agreement Is mude or
<br /> applicable law t+equires intcrest to be paid. I.ender shall not be required to pay Banower any interest or eamings on the Furtds.
<br /> Barrower und Lender may agree in writin�,hawever.that interest ahalt be paid on the Funds. L,ender sha11 give to Borrower. {�
<br /> - w4sh!+4ls r��P, �nr�ptp� 4c�i+unt#�4�of the FundR, �howing credits and debi�c to the Funds and the purQosr for whlch each
<br /> ,�,� debft to the Funda wns made.The Funds ure pledged as addicional securlty for all sums secured by this SecurIty Instrument. ,;
<br /> � If the Funds held by Lertder excee�the amounts permitted to be hold by applicable law,I.ender shell account to Horrower
<br /> ���; for the excess Funds in accordunce wlth the requirements of applicable law. If the amount of the Funds held by Lender nt uny
<br /> .,�' time ls not sufftcient to puy the Escrow items when due,L.cnder may so notity Bonower in wrIting,and,in such case Borrower
<br /> �""' shall pay to I.ender thc nmount nGCessary to make up the deficiency. Borrower shalt mske up the deficiency In no more than �ti�-.,
<br /> twelve monthly payments. at L.ender's sote discretion. �'�"
<br /> „�.,, Upon payment in tiill of NI snm.v tiecurrd by thia Security Instrurnent. I.ender shall promptly refund to Borrower any �+�'
<br /> .� � �` Funds held by L.ender.If, under pamgraph 21. i.ender sh�ll acquire or sell the Property,Lender,prlor to the acquisition or sule �'S•'
<br /> of the Property. shall apply nny Funds held by Lender st the time of acquisidon or sa(e as a credit against the sums secured by ;,
<br /> .' �-�;�;` this Securtty Lutnunent. �' .
<br /> '�' 3.Appllcatton of Puyments.Unless appticable law prov(des otherwise,all payments received by Lender under paragraphs ���,:,
<br /> a
<br /> 1 and 2 shall be applied:first.to any prepuyment cherges due under the Note; second.to amounts payable under paragraph'L; ���
<br /> �z;.;.;.,:,,;:; .. ,��, third.to Interest due; fourth,to principal due:tutd lust,to any late churges due under the Note. '
<br /> ••��•����(�:•. 4.Chargesi Liens.6orrower shall puy all taxea,c�sssessmenu.charges,tines and impositions attrIbutable to the Property
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<br /> "��;�� �'�+'+`��" which may attein prioriry over this Secuciry Instrument, and leasehold payments or ground rents, if any. Barrower shaU pay
<br /> .,,,,;�!,�,., these obligutlons in the manner provlded in puragrnph 2,or if not pa�d in that manner,Borrower shall pay them on time directly
<br /> =y�»�-""' to the person owed payment Bormwer xhall pramptly ttirnish to I.ender all not{ces of amounts to be paid under thls paragraph.
<br /> � ?;'���';,�s�% If Borrower makes these payments directly.Barmwer shall prc�mptly fumish to I.ender receipts evidencing the payments.
<br /> '�i�•�;;;��j' Borrower shnll promptly discharge nny licn which has priorlty over this Secudty Instrument unless Borrower:(a)agtees in
<br /> ,,•;���;}`,r wrlt�ng to the payment of tho obligution recured by che lien in a mnnner acceptabie to Lender;(b)contests in good faith the lien
<br /> �„':A-r:�:' by, or defends against enforcemcnt of thc licn in. legal proceedings which in the I.ender's opinion operate to prevent the
<br /> a:�.F.�,.��:
<br /> .�;^,�,�-; enforcement of the lien;or(c)Kecures fmm the hulder of the lien an agceement satisfactory to L.ender subordinating the Iten to
<br /> * j°- �• this Securfty Instcument. If Lender determinex thut uny part of the Property is subJect to a lien which may attain priority over
<br /> �� �
<br /> f ;r;��,t�-�_ this�curity Insuument,Lender mny glve �nrrower u nottce identffying the lien.Bonower shatl satisfy the lien or take one or
<br /> �'�'
<br /> �•,.;:�:..,�,.....: more of the actions set forth above withfn lU duy�of the givin�of notice.
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<br /> ;v:�.�: �,.� Form 3028 9/80
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