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<br /> �.T�- . �:.� . � � [�J5-��O�p� � ; �4 ; -- �:.
<br />:•:�'-'• - .. . �� " TOGETf�R WITH alI tfce improvemews now or hezeafter erected on the progsrty,and all easemen .aPP
<br /> `-°`F=•:'� ', • ffxtures now os hereafter a part of the praperty. Ali replacements and addidons shail also be wvered by this Seauicy •�;. ` ''�
<br /> i�''�;=.—�;: ' . , ' r
<br /> � �:=-.�•.' �•,-� Insuument.All of the foregoing is ieferred to in this Szcurity Instr�ment as the"Property." • . . . . . . -
<br />�. .�:..; .� _,:
<br /> BORROWER COVENANTS that.Borruwer is lawr'u'!ly seised of the esrate hereby conveyed and has the right to�ani and ,� •ti " .�`''
<br /> , ,_ t. .' ��`• ` ' canvey the Pi+uperry and that the Propertq is unencum6ered. except for encumbrances of reoord. Borrower�wdrrants and will ' • " '
<br /> :-�:�"?.�' defend geuerally the ritte to the Property against all claims and demands,subject to any encum�rances of record. __•_--_� - - -_ ;
<br /> �-F� ..- • � THiS SECiJRTIY INSTRU�ENT combines uniform covenanu fur oauonal use asd non-uniform covenants with limited G }.
<br /> _ `. ' - ..i vaziarians by jurisdistion to constitute a uniform security in+nument covering real property -- r;.-
<br /> ' ' ��.::s � UNffORM COVENAN'TS•Borrower and Ixnder covenant and agree as foltows: • �
<br /> :. " �: �. . 1. Papm�t of Pi3ndpal aad Interest4 PrePayment and Late Charg�. Bosrower shall P�mPUY RaY when due the . _� ' .
<br />•`j; �;'��' :� ; priacipal of and i�rterest on the debt evidenced by the Note and any prepayment and late charges dae under the Note. �`��� .
<br /> ;� ,. � Z. Funds for Ta�tes and Ittsmance.Sn6Ject to applicable faw or to a written waiver by Lender. Borrower shaU pay to �. ;
<br /> � �• '� Lender on die day monthly pa}rmenu are due under the Note,until the l�tote is paid in fiill,a sum("Funds")for:(a)yearly tanes . � .
<br />`-r. `���'.;" •' and assessments which may attain priority over this Seairity IcLSttument as a lier►on the Pcoperty;(b)Year1Y teasetwld payme� " • , _ ' '' ,
<br /> _ ` or ground cents on the Property.if any;(c)YeaziY ba�ard or property insurance premiums;(d)Yearly flood insutance premiums, • ,;•:.: •r:::
<br /> : • �"�• • if any: (e)Year1Y mortgage insurance premiums.if any;and(t)any sums payable by Borrower to Lender.in accordance�vith _ ,.,,,.-�';'.'
<br /> . • '•c . , the provisions of paragiuph 8. in lieu of the paymeat of mortgage insurauce premiums.These items are called"Escrow Items." .�': , - .
<br /> .-. . '� �� ;. � I.ender may, at any ume, collect and hold Funds in an amount not to exceed the maximum aznount a tender for a federally , , � �• �
<br /> � '' related mortgage loan may require for Borrower s escrow account under the federal Real Estate Seutement Procedures Act of t�;:F:� ,._.�:�R;
<br /> ����.°��;�.. " � 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq.("RE5PA").unless another law that applies to t6e Funds ' .;•;�..'.
<br /> .
<br /> sets a lesser amount. If so, I.ender may, at any time, collect and hold Fwids in an aaLOUnt nut to exceed the lesser amount. ' ,��� 'x�E_;
<br />�..._:..,,�_�,:,�.:
<br /> - -•''�` ----�- -�--Lender-may--estimate-ihe.amovnt�f Funcis due�nshel�asis.of.current�lata and reasonabl��timat�.s_of e.xp�ndity_res of future-- ,.----.- t ' �' �.`�"
<br /> .. - . . =�
<br /> ��� Escrow Items or othenvise in accordance with appiicable law. ' .�.
<br /> � � ' ; `� �; The Funds shall be held in an institudon whose deposits are insured by a federal agency, insuumentality, or entity /:�
<br /> � . .. ` �� (including L.ender,if Lender is such an insutution)or in any Federal Home Loan Bank.I.cnder shall apply the Funds to pay the �
<br /> ----_-=—_� . Escrow Items.Lender may not charge Boaower for holding and applying the Funds.anrtually analyzing the escrow acwunt.or .. .',,r` "
<br /> .,.__
<br /> _. . • , �.:� ' - - -- _ .
<br /> �, , ;� • verifying tiie Escmw Items,unless Lender pays Borrower inierest bn t}ie Funds and applicable law petmits i:ender to make such
<br /> a charge.However.Lender may require Bortower to pay a one-time charge for an independent real estate tax reporting service ��
<br /> . �r:i
<br /> ' • ,_y;� used by Lender in connection with. this loan, unless applieable law provides otherwise. Unless an agreement is made or �'„-.�: '
<br /> ' • • •?. • agplicable law requires interest to be paid.Lender shall not be required ta pay Borrower any interest or earnings on the Fnnds. , � �..w:"
<br /> . . .a.
<br /> • Boaower and Lender may agree ir.writing. however,that interest sha11 be paid on the Funds.I..ender shall give.to Eorrower, . . :'�-�'�•� ': �
<br /> . � . � without charge, an annual accountiag of the Funds, showing crediu and debits to the Funds and the purpose for which each . ' q'�
<br /> -;i; : :'�
<br />...�,,,:. ': , debit to the Funds was made.The Fdnds are pledged as addirional security for all sums secured by this Security Instrum,ent. �' '
<br /> - � -� h if the Funds hetd by I.ender eaceed the amounts pemntted to be held by applicable law, Lender shall account to Borrotver • .,'��f..E,: •
<br /> � � •+� for the eacess Funds in accordance with the requirements of appiicable law. if the amount of the Funds held 6y I.ender at any ��„;,,� •
<br /> . ' • ' time is not su�cient to pay the Fscrow Items when due.Lender may so notify Borrower in wriring.and.in such case Borrower � '� 'f
<br /> shall pay to L.ender the amount necessary to make up the deficieacy. Borrower shall make up the deficiency in no more than . '
<br /> . '.�n'�:
<br /> _��• . � � twelve rnonthly payments,at Lender's sole discretion. . ' . �'���"�'y��- ' —
<br /> U n a ment in full of all sums secured b this Securi Instrument: Lender shall rom tl refund to'Borrower an . �����
<br />'�h•�._`. ' _ Po P Y Y tY P P Y Y .`.:� . `;
<br />"i:. ' ' Funds held 6y L.ender.If.under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisitian or sale � .
<br /> �� � �' •�f=' of the Property.shall apply any Funds held by Lender at the tima of acquisition or sale as a cmdit against the sums secured by -
<br />:_•A';.� � .
<br />:t: ._•�ir=:'i:: this Security Instmment. . . .
<br /> ' ' " �' 3.ApplicatEon oP Payments.Unless applicable law provides othenvise,all payments received by l.ender under paragraphs . � � •�
<br /> . • :� :r• _,
<br />- � • 1 ar�d 2 shall be applied: first,to any prepayment charges due under the Note;second.to amounts payable under paragraph 2: ' •
<br />= � third.to interrst due:fourth.to.principal due:and last.to any late charges due under the Note. � .� !`'��' �'�
<br /> -- 4. C6arges;Liens.Borrower shall pay all taues,assessments,charges, fines and impositions amibutable to the Property . . '� �� ',
<br />� . ' . . which may attain priority over this Security Instrument. and leasehold payments or ground rents, if any. Borrower shall pay • .
<br /> , . • ' � these obligations in the manner p�vided in paragraph2,or if not paid in.that manner,Borrower sh�ll pay them on time directly � •
<br /> . ' � +••�. " � to the penon owed payment.Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. - ' - � �:
<br /> . . • � If Borrower makes these payments direcdy.Borrawer shall promptly furnish to Lender receipts evideneing the payments. - . �
<br /> - ; Barrower shall promptly discharge any lien which has priority over this Security instrument unless Borrower.(a)agrees in , ,
<br /> :,;�.•'��;�;'::;.��� writing to thc payment of the ob}igatian secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lier. ��
<br /> '-Y•-:� '� �. by, or defends against enforcement of the lien in. lega! proceedings which in the Lender's opinion aperate to preveni the : . �
<br /> • � . ' enforcement of the lien:.or(c)secures from the holder of thc lien an agreement satisPuctory to I.ender subordinating the lien to . ..
<br /> r ?� : � ;. this Securiiy lnstrument. If Lender determines that any part of the Propeay is subject tu a lien which may at[ain prioriry over -' �.
<br /> • � '. '.�. this Security Instrument. Lender may give Bonotiver a notice identifyin�the lien.Borrower shall satisfy the li0n or take one or ;,
<br /> _ ;:;= : ,. . .. .
<br /> . � ,;�.. more of the actions ses forth above within 10 days of the giving of notice. �
<br /> -_- �."s Form 3028 9190 . ..
<br /> .., �
<br /> :•_... � :� : � Pagx2o/B - � u. � .
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