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<br /> -�"-�--=--- aad fixwres now on c�reafter a�ra��t of tlie prolxny. Ai!rr.pla:c�izcnts qnd udditios�s eiiall r�.iso E;e ccrv�icd Ly tiiis ti,tL,+;if
<br /> _ Instrwntir.t. All of th�forcgaing is refenetl tu in th±s Sccurity Instnmicnt us the"Propercy."
<br /> -- HURROWER.COVENANT5 diat Borrower is lawfully seised of the estate i�rcby canvcyed nnd I�as thc rigtu so�ra�it
<br />__-____ ;_�__�, und convey tli��rd�perty and that ttbe Property is unenr.umbercd,except for encanabraixes af rxord. Horrower�vaxTan�;a�xt
<br /> ---- wiil cl.:Fcad gca::ra?ly tt:�titic ta t1�P Prnr^rty�;,�ainst�1!clnims aiid demansls,subjcct ta any cncuu�6r:tn�oirc,�:urd.
<br /> THIS SECURTTY 1NSTRUMBNT combines uniform coven�uits for nutlonul use t+nci non•uniform covenants wE.th
<br /> linuted varlatdons by judsdiction tQ constitute a uniform security iustrumcnt covering jtinl pmperty. .
<br /> _-_-�� UIJI�ORM COVENANTS. F3onAwer and Lender cc�venant and a�e as fullows:
<br /> ';;�;i,���,y�Y�; 1. Payment ot Pr[ndpal wid Intcrest;Preps►yrnent wtd f.ate�rge�. B�rrower shall prompqy pay when duo the
<br /> • princ9pal of and interest on the debt evidenced by the Nota aad any prepAyment and late charges due under the Note.
<br /> - �.,.�;
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<br /> ���� 2. FY�+ads for'ilaxes snd Iacurance. Subject to applicuble law or to e written waiver by I.ender,8orrower shull pay to
<br /> -- --_:_�..,,;.
<br /> -' I.endcr on the dny monthly�ayments are due under the Note,unti!the Note is paid tn full,n sum("Funds") ur:(a)yea;�y
<br /> ' tuxcs And assessments which may attain�priority over this Securiry Instrument as a lien an the Property;(h)yearly laaseholJ
<br /> � payments or n�raund rents on ttie Propcny. if any; (c) ycarly hazard or property Insurance pren�iums: (ci) yearly flood
<br /> -�-- insurancc;preniiums, if cu�y; (e) yenrly mortgnge insurance premiums, if any; and (fl nny sums payable by Borrower to
<br /> Lendcr, in accordance with the pmvisions of paragrapfi 8.in NGU af dic ps►ymeut of mortgagc insuruncc premiumv. Thcse
<br /> items are enlled"Escrow Items.' Lender may.at any time,collect and hold I7unds ir►an amount not tq exceed the n�aximum
<br /> - nmoUnt A lendcr for a fedcrally relnted mortgi+go toan may reqaire for Barrowor:g escrow account under the federaE Rcul
<br /> - - -- = Esu�te S�ttle�cnt['rac;.ctu:vs Act af 197�3 es emendcd frorn t3�ne tn timc,l2 U.S.C.$2G01 et sea.("RESPA'7.unless nnoti�er
<br /> law that applies ta the�nds scts a lesscr amount. If so,Lcnder may,nt nny time,collect und huld Flinds in nrr amount nut to
<br /> — - txeeed the lessec c►mount. Lender may estimute the amount of Fwids duo on the basie of cureent datu and reasonable
<br />_,,,�,;;,�;,,;;;;;;YH� estimates oF exp�nditures of future Escra�+Items or uthenvise in accordance with npplicnbte 1nw.
<br /> - The Fun�s shall be licld in an instiwtion whose deposits are insured by n fe�cr.�! agency,lnstrumentuliry. or cntity
<br /> --P-,,���� (including Lender,if Lender is such an institution)or in Any F�ederal Hojnc Lonn Hank. L.ender shnll appiy tlze Eunds to pay
<br /> the �scrow Itcros. Lendcr may not chargc Borrower for holding �nd applying tlic PUnds, a�mually analyzing the cscrow
<br /> _�,,,�,�, accoun� or verifying the Escrow Items, urdess Lender plys Borrower interest on the Funds and �pplicable law permits
<br /> -~-°-°� Lender to make such n churge. However,Lender may require IIoaower to pay a on�-time charge for nn independent real
<br /> -==�'�''�� estate tnx reporting service used by Lender in connection with this loan,unless applicable law provides otherwise. Unless an
<br /> _�-.,,�.-�.'� ugrcement is madc or applicuble law rrquires interest to bc paid,L,ender shall not be required to pay Borrowcr any interest or
<br /> .-�w:.;. � eamings on the Funds. Boaower and L.ender may agree in wridng,howevcr,that interest shall be paid on the Funds. Lcndcr
<br /> 't'°i ���,�, shall give to Bonower,withaut zhargc,an annual accounting of the Flmds,showing credits nnd debits to thc Funds and the
<br />__T,ar.r'-;=`=�,= nurpose for which each debit to itie Funds was madc. Tiin i�m�ds iue p1c3�;;c3 ns a3�ticna.oc:,ur.r� fcr:ll�Lms°.�..^:ir��;
<br />--_-r• �^'`d'��`+ thls Securiry Instrument.
<br /> �-='`."''�'�":,�:� ]f the Funds held by I..ender exceed the amounts permitted to 6e held by applicable law, Lender shall account to
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<br /> ;ikrk'.;::' �: .r" Borrower for the excess Funds in accardunce with the requirements of applicable law. If the amount uf the Fuads he4d by
<br />;��r�;�;��..;��r;��;� Lender at any time is not sufficient to pny the Escrow Items when due,Lender may so notify Borro�ver in�vridng,und,in
<br /> ';`ti� � �''�'�•' such case Borro�ver shall pAy to Lender the amount necessary to make up the de�ciency. Borrower shctll make up dic
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<br />�°-�;v� -;;- '.s." •' derciency in no more than twelve monthly payments,at L.ender's sole discretion.
<br /> --°„_::r:;�-:,�:F�;;l�� Upon payment in full of all surns secured by this Securiry Instntment,Lender sh�ll promptly refund w Boaower nny _
<br /> ,,-:�,�a...: � ��• Fhnds held by I.ender. If,under paragraph 21,Lender shall acquire or seU the Property,Lender,prior to the ncquisiuon or
<br /> �'�,..,,,,�;:..•-,,.R.x•. sale of the Properry. shall apply ssny Funds held by Lender at the time of acyuisition or sale As a credit against the sums __
<br />-°°��r°�• ,�•�-°�F secured by this Securiry Inswment. �''
<br />"::��`: .:'� ��-''"`� 3. Appl(cation of Puyments. Unless applicublc luw provides otherwise, all payments receive� by Lender under ��w
<br /> ,.„e.�_-: .:�;.�:
<br /> -�f---•.F..,:,X,�� paragruphs 1 and 2 shall be applied:first,to nny prepayment char�es due under the Note;second,to amounts payable under
<br /> �-�''�� '`' paragraph 2;third,to interest due;fourth,to principal due:and last,to any late char�es due under the Note. -
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<br />�'���:���-^� °"'° ' 4. Charges; Lten.9. Bormwer shnll pay all taxes. assessments, charges, fines and imposirions attributable to tlte �-�:
<br />-�x;-;^'^!^"`�• ^��`;� Property�vhich muy uttain prioriry over this Security Instrument,and leaschold payments or ground rents,if tmy. Borrowcr �';==`
<br /> _- _:, � ;; shall puy these obligaxinns in thc manner provided in paragraph 2,or if not paid in that manner.Borrowcr shall pay them on �.�-_-
<br />��;�'v.� ._;,;. time directly to the person uwed payment. Borrower shall prflmptly furnish ro Lendr,r ull notices o�amounts to be paid under ,;,..
<br /> . • ��` '�"� this paragraph. If Borrower makes these payments directly. Borrower shall promptiy furnish to Lender receipts evidencing - _
<br /> . • the payments.
<br /> Borrower shall promptly dischlrge nny lien which has priority over this Security Instn►ment unless Borrower: (a)agrecs
<br /> , in�wdpng tu the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the __
<br />=.���,`(,,-t lien by,or defends against enforcement of the lien in,lcgal proceedings which in the Lender's opinion operate to prevent the
<br /> . • enforcement of the lien;or(c)secums from the holder of the lien un ugreement sntisfactory to I..ender subordinating the lien :
<br /> ;•.x ., ' to this Security Instrument. If Lender dctermines that uny part of thc Property is subjcct to n lien which may attain ariority
<br /> ��' • ' over this Security Insavment,Lender may give Borrower a noticc identifying the lien. Bonower shaU satisfy the lien or take
<br /> _- ° one or more of thc actions set fonh above within!0 days of thc giving�f notice.
<br /> ^�� ' S. I�aznrd or Property Insurance. Honower shall kcep the improvements now exisqng on c�reafler erected on thc
<br /> Property insumd ugainst loss by fire,hazards included within the term"extended coverage"and any other hazazds, including
<br /> ' tloods or floading, for which Lxnder requires insurance. This insw�ancc shall be maintained in the amounts and for the
<br /> Ibrm 3028 9/40 (Page 2 ojb pageal
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