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<br /> � �t �t;_ �. POVeiriEIIt9 tlflw 8i I1ClC8�G:t 2t0{��II t� ?OP�'l�f� �,1II�
<br />--_ '•'LL°`3"�_" ' TOCiEtHER WITH ali the imp `
<br /> _ _ -�. �.` fixtur�s now or hgreafter a part of the pmperty. Atl repiacetu�nt� and a+ddidons shail.elso be cnvered by tl�rs Securit� .
<br />�-�'�4� -•� Ins�rument:A11 of tha for+egoing is referred to in this Sec�uiry I�stcument�s tite."ptoFErtY•° �
<br /> ','•'"`,� ��." B�RROWER COVE1�ANfS that Enrrower is(awfully seised of th.estate hereby conyeyed a�d i�as the d�ta�t and'
<br /> �'�--r..��;f. ` ' �s uneneum6ereci.exc�pt for eacumbrances of r�orei.�3orrnwer tivarcant�a�d will
<br /> `" s�%��y-� wmey ths Property nnd that tAe ProPeriy �t �. � .
<br />_.s:;;����=;.",.�°�''F defesul�enerally the titte to ttse Propert3►against al!claims and dem�ads.subject to any eacumbrances of record.
<br />-°. THIIS SECU�ITY INST[dUMEN'F�mbine5 u�ifmm oavenants for national use aud noa-emifom crovenants wit�limitbd
<br /> . .. ne. �.
<br />"��}-� '` �'` variations by jurisdictidr�to consteune a un9form security insuument coverin��l PropertY• � ., .
<br /> . � �'�*�' '.EiN1FORM COVEPtANTS.AormwQr and Lender cavenant nad agree as follaws: , ..
<br /> p:epayment sud i,a3e Ct�aarges.�oirowe�shall prpmP�Y P$Y'►�hen due the •:
<br /> � _ 7._�,,�:� Y. Fay�tteat of Fet�I�!an�Is�ieres3: � nc and late cI�arges due under Eae Note. •� ~ y_ -
<br /> . , `. ' f principal of atid interes�on the deht evideaoed by the Note apd anY.P� Y� ,
<br /> -`:"-4�'��.,'� 'r 4 �:Fimds for Tases and fnsu�attse.Subject to app!isable taw or to a�vritten�vaiver b}+-'le�er.Bonro�rer shalt pay to
<br /> ��' � " � I.ender on tlie day montlilY FaYmeats are due under the Note,unt�the Note is paid in full,a sum("Funds°)far.(a?9�Y�� :
<br />"_+�=�`��- � ys' and assc.gsmenss whicb may axtain prioaty over this Secarity iasuume�t as a lien an tAe Propertl+;N)Y�Y leasehold pay�ents `
<br />:=�:�`,:•._t..;{' `.•�,'�, .. or ground sents on the Property.if any:(e)Yeaz1Y��or pmpe�ty insurdnce premn�mc;(d}yearly fload insvrance Pr�s•
<br />;-';,t y._. � •°'"�• •• earl mo i��TM'�^....sA p�¢tiwns. if atsy;and(tl any sums PaYable by Borrower to I.ender.in accosdaaoe witii
<br /> - - -.-r:.,:;4:;, if any:.te)Y Y. �S�
<br /> -_�__,�.:.-.,,,,;-,• Tizese items are caileri"Eserow Items." �
<br /> .....-; ;...
<br />`:�;`i�:. :, -�.•r,_?'-. " . the provisions of paragraph 8.in li�of the�yment of mortgage insurance P�em�ms. . , , .
<br /> I.ender may.at any tim� oolle�and hotd Funds in an amount not to exceed the rnax;mnm amount a Ieuder for a.fedesally.
<br />-�;�=• '� - ' for Borrower's essrow a�count undes the f�era!Real Fstate Seidement.Proc�duns Act of .
<br />. �x..:,.,. . . � ielated mortgage Laan may require �
<br /> ;k.�- '_;%��`.� . 1974 as amcuded from dme tn time.l2 i�.S.C:Section 2601 et seq. ("RFSPA"),�anle�s another law that applies to the Funds .
<br /> �"��:'".,�; ';`.`. : sets a lesser amoun� Lf so. Lender may.at any sime.wllect and h,uld Funds in an amount not to�exce�d the tessec an�tr,i: . . .
<br /> =s:_..,..; : ,�,=.,.•�`.'�
<br /> -- - �:: ,.'-: . : - L�nder may estim�ate tfle amount of Funds dus on the basis of aurent dasa and reasonab'te istim3tes of eapenditures of fat�u�� ., .
<br /> .,s.:y •
<br />-�"�.`'`�;. . Escro�v Items or otheiwise in acconda¢ce with applicable taw.
<br /> '" : - ;' '� . The Funds shall be held in an iustitudon whose deposiu are insurea bY a federat ageac7+• instnunentalityr, or emity
<br /> --,;.--'=.---'=�--:,
<br /> < _ . (inc7ading�Lender:if L��der is sucfs-an-institution)or-iaany-Federal Aome LoanBank.I,�nde�',shatl app�Y�t������..� .
<br />:.t. '•�'•...:�._�.� � • Escrow Items.l.ender may not charge Borrower fdr holding and aPPI3r�S the Funds,eaaually analYziag
<br /> ,'r� , ,• ` ` , verifying the Escrow Items.unless I.ender gays Borrowes iirterest on ihe Funds and applicable taw psrmits laader to maYe s�_ : .
<br /> " <' � . ..,:.' a charge.However.Lender may require Bo:rower to pay a one-time chazge far an independent real estate tax rept�sing servise •
<br /> __ --•=�=-- ..
<br /> , • used.by.Lender in c,Aaaection witb this loan, unless a�pfica6te taw pmvides.otheiwise..Un(ess an�agreement is made ar .
<br /> � .. ' applicable!aw requires interest to bt paid,Lender shall not be iequired to pa3r Botrower azry inte�est or easnin$s art�:Fu�s-
<br /> • . . BOL(O�YC7 AIId I+CIld�7�11aY agI2C ID WlIt�11g.however.that interest shall be paid on the Fw�ds. I.ender shall P&ve t�IIO1T°wes, ,
<br /> ' � � .: • a-ithaut charge.an annual accounting of th,e Funds.showing credits and debits to th��anGs and.ths purpose for which cach� .
<br /> ;, 4 :� . � � debit ta the Funds was made.7he Funds are ptedged as additional security for ali sums sec�ered by this SectiritY Insmuaent• • .
<br /> . If the Funds held by Lender exceed the amou�ts pennitted to be held by npplicabte law.i.ender shall account to Borroaer
<br /> � • for the excess Funds in ascordance with the requimments of applicable law. If[he pmount of the Funds held by LEnder at any
<br /> • • pme Is not sufficient ta pay the Fscrow Items when due.Lender may so noufy Borro�ver in writing.and,in such case Borrawer
<br /> u ". - shatl pay tp Lender the amount necessary to make up ehe deficiency Borrowcr s1�aU make up 4he deficiency in�o rtiore than
<br /> twelve cnonthly payments,at l.eader's sole discretion.
<br /> � Upan payment in fuU of all sums secured by this Sa�curity Instrwnent. Lender shall pmmpdy refund ro Boaower any
<br /> �; . Funds held by Lender.If,under para�rsph 21.Lender shall acquire or sell the Property.Lender,prior to the acqnisition or sale
<br /> '�'�'' ` �'�.. • of the Property. s1�a11 aPP�Y�Y Funds hetd by Lendea at the time of acquisition as sale as a credit against the suats secured by
<br />=�.:;::•.�r.��: , tLis Security Instrument. •
<br /> _ •� • :+��.I��' � 3.Appltcatton a'�:1Pa3'mer�is-Untess appltcable law provides other�vise.all payments received by Lender under pardgrnphs
<br />:_:.z_�. .�,._ ;.. .,, l and 2 sht�lll 6e aFpliul:ftst.to �s�y {�r�rnyment charges due und�r the Nate:second.to amounts payable under parag�aPa 2:
<br />`=- r�=:-`;-- .. ` third.to interest due:iouni�. �o pcincipd d.ue::in�last.to any late ci�arges due under the Note.
<br />-= •��=. : . q-Chniges;Lfoas,gorrawec shall pay all taxes.assessments.charges. fines and impositions at�ributabte to the PropertY ,
<br /> 5
<br />'.a_ � � which may attain priority over this Security Instrument.and leasehotd payments or growtd mnts. if any. Botrower sl�ll pay. .
<br /> - ' �� ° these obligations in the manner provided i»paragraph 2.or if not paid in that roanner.Bormwer shall pay them on time direct3y
<br /> ��" • � �� to the person owed payment.Borrower shall prompdy fumish to Lender all notices of asnounts to 6e paid under this paragYaph• .'
<br /> ��• � If Borrower m�ices these paymems directly.Borrower shall prompdy fumish to Lender receipts evidencing the payments.
<br />`-�' . 8ortower shall pmmptly disct�arge any lien which has prioriry over this Security Insttument unless Borro�ver:(a)agrees in
<br /> . � writin�to the payment of the o6ligation secured by the lien in a mamter acceptable to Lender. (b>wntests in good faith the lien
<br />_'�, ,,• � by,or defends against enforcement of the lien in, legal proceediags which in the Lender s opinion operate to prevent the
<br /> -"" • enforcement oP the lien:or(c)secvres from thc hotder of the lien an agmement satisfactory to Lender subordinating the lien to
<br /> `'.`~'' �his Security Instrument. if I.ender determines that an}+part of the PrapertY is�bject to a lien which may attain priority over.
<br /> ��. ..
<br /> -�"� � � this Security fnsttument. Leader may give Borro�vec a notice identifying the lien. Borrower shall satisfy the lien or take one or _
<br /> {•�,.�. � ��;, • more of the actions set forth above within lOdays of'the giving of notice. . � _
<br /> ��! ' . . . , form 3Q28 9►80 -
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