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<br />- . � . 'PO(IBTEiT�R WITH all thc lmprovements now or hercafter erccted on thc groperty,und a!1 easemynts,appurtena��cce.and � ', . � •-,%'�y"�"
<br /> �,��'- '. flxtures now ar t�ere�fter a put of th�e propeaty.All replacemento�nG additbns shall aLSO bes covcred bgr thLv Secuciry InstiumenG ;.,��,.�r?�:�`*:�
<br /> . ` Nll of lftu forcgoi�g ts rcfe,rr�to in this Sca;urity Instrument as the"Property" � , ,,.,;{'.T' "�'
<br /> . BORROWER CO�IVANT'S that Borrowu is lawfully seLsed of tho estats h�.reby cAnvcycd end ha9 the r1Rht w grant and , • , i, �` -
<br /> � �� ° convey sho Property end that tho Yroperty Is uneneumbered, eacept for encumbrances of cecord.Borrower warrants nnd wIll `'"�_ � ,'r'�� . �
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<br /> � defend gene.�ally the dQa w the Property against all claims and deinands,sub}ext w uny encumbrance,s of record. �r+`-�.�Lt,;;:=.'�
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<br /> '�=•�"'�:: THIS SECURTI'Y INSTRUIuQ3NT combincs unifonn covenants for national use and nan-unifonn covenants wid� llmItW �'=�'.==--
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<br /> � �;f "`:.- variadons by jtuir,dlcdon ro consdtute a uniform security instru�nent�oveaing real propetty. _'��°T;4"""'"`
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<br /> UNIL'ORM C�VHNANTS.Borrower nnd Lcndcr covcnant ond c�grt�as follows: [' • -'�;:';,-•;:__:-
<br /> l.Pt�yment uf T'r{acipal f�nd Interest;Prepayment and Late Cha�r�e�. Borrower shall promptly pay whea due the �--- '
<br /> � principal o€end intaost on tha dehs evidenced by tha Note and any�repayment nnd Inte c6arges dac undcr tho Noto. �� ''`°,"�'�:'_;;�;,--
<br /> 2.�nds fnr Taxesf and Insurance, Subject ta ap�IIr�ble law or to a written waivcr by Lender,Horrower shall pay so 4+: :*�'=��ti'�_�-
<br /> Lendcr en the da monthl , r � •���•LL���
<br /> Y Y Paymcnt�Ara dtea unda tho Note.undl�ho Noto is paid in fuU,a s:mn Q"Funda')for.(A)yearly ta.xes �^.'Y:,;;,w:,•!�:_
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<br /> and assessmerits which may uttein prlori.ry over this Sccurity Inslr�mcnt as a lien on tha Proputy;(b)ycarly lc�schold pa}�mentv -�.- ;y,�:�.-�
<br /> • � � '" or ground rents on the Frope�ty.if nny;(c)yearly hnrard ar property inswance prcmiums;(d)ycarly�lcaod insurance pnmiums,if ��,'�'��='�
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<br /> '' any; (e)ye?rly mor�nyc ins�rence Qreaniums,if any;anc�(� eny sr►my t�yflhla by Baaawer tn Lender,in ac�oordance with the ••�--r
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<br /> �.-�. provis�ons of psra�grpph 8, in Ileu of the payment of mangagc insurance premmms.Tt�rse it�ms a�e callc�i 'Escrow Itcros. G::��r�-
<br /> ,� �� Lender may,ut eny Hme,collect and hold Funds in an emount not to ea�ceed the miucimum amoum a lendra for a federal3y r��ated "�`-;�-;`:.:
<br /> .}� mortgage loan rnay require for Ilorrower's escrow accaunt under she federal Real Estata Seulement Procedures Act of ]9'l�ns �J��;;;�::--
<br />--- , - - :` J amended fmm dme to ame.12 U.S.G.Secdan 2601 et scq. (��RESPA").unks.v another law ti�et applie.s to the Funds sets a lesser ` .=-',"
<br /> � amount If so, Lender may,at any time, collect nnd hoid Funds ln an amount noz to caccxd dio Icsscr amoant Lcadcr may j ';;.��
<br /> „ _, . csdrnau the emount of Funds due on the basis of current r]ata and masonable estjmmatcs of cacpenditures of futuTC�scrow Etems or �<<.�_='
<br /> otheiwise in accordance wIth appllcable law. ;�,Y���,o„�.
<br /> ' � The Fu�ds ahall bcs held ln on lnsdtudon whose dcposits are insared by a federal agcncy,instn�mnntality,or cntity(In�clucling °�"``'"-'—"';,_
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<br /> '•�` Lender,if I.cnder is such en insdtution)or In any Federal Hamc Loun Benk.Lcnder shall appiy the Fwids W pay the Escruw '=`;'-�''��``�
<br /> �� Ituns.L.cnder n�a not char e Borrower for holdin and 1 y y�inb tt�e escrow account,os v �`'y�5�y����
<br />- . .. . Y B 8 aPP 5'�fi the Funds.smnuall anal • erlfying F 3I��---_.-:
<br /> _ the Fscrow Ttems,unless I.c,nder pays Borrowci interest on the Funds ar�d enplicable law permits Le�tdet to tnt�3ce suc6 a chatge. '�i�.�:
<br /> Howev�x.Lender muy require Bairower to pay a one•tune ch�aga Sor an independent real estate tax repoming service used by •
<br /> „ ..'r,.,, I ��� �nnoction with this loa.h. ttnless applicabIs law provides oiberwlse.Unless an agceement is made or applicabk law . d ' ��
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<br /> � reqnires lntetest w be paid,Lendcr shall not ba requimd to pny Bor�awa any interest or eamings on thc Funds.Borrowes��d ;=��Q,��
<br /> I,cndu may egce in writing,f�owever.thflt intcraat shall be paid on die Funds.Lender shall givs w Horrowcr.without charga,en � .�r r,�
<br /> : annual accounting uf the Funds,showing credIt�and debits to the Fands and the puipASe for which each debit W Ihe fimds was , :� . � . _
<br /> rntide.The Funds aro pledged av additional security for ali sums secumd by thLv Security Instrument � ':o.. ,
<br /> • If the Funds hcld by Lender eaceed tho amounts permiaed to be held by applicable law,Lcn�er shsill nccount to Bonower for � '. �>;:• •�•
<br />. the cxcess Funds in eccordnnce with tho requicements of applic:able law.If the amount of the Funds held by I.ender at eny dme is � •�� �,���..
<br /> , not sufficient to pay the Escrow Itcros whcn due,Lender may sa notify Borrowcr in writing,s�nd.in such case Boirower shall pay � �,'� '`� !
<br /> to Lender the amount nr,cessary to make up the deficiency. Borrower shail m�ice up the deficiency in no more than lwei�e + �; ' ,-_
<br />: '. i monthly pAyments.ut Lender's sole discredon. � ' ,.�� ��
<br /> I Upoa rmyma►t in full of utl sums secured by this Security Instru�sent,L,endcr shall promptly refund to Borrower eny Funds � ' `'�
<br /> ' ' ': held by Lendcr.If,ander para�raph 21,Lcndcr shall acquire or s.ell the Froperty,Lcnder,prior to the acquisitioa or sale of the � �" '"°��"�`---
<br /> � � Property. shell apply ony Funds held by Lender at the time of acquisition ar sal�as a creciit against the sums secured by this ;� • ����' ����
<br />_ • Sacurity Inswmcnt
<br /> �'' 3.Applkatlon of Payments. UNess appllcable law provides otherwise,aq payments received by I.end�r vnder paragraphs � � _
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<br /> 1 and 2 shall be appl�ed:Cast� to tmY P�PaYmcnt charges due undci the Note;second,to amounts payable under paragtaph 2; ' .�:�,;��.�.'�.. - -
<br />— �� ^ thvrd,to interest due;fotuth,to principal due;and last,tn arey late charges due under the Note. � '�'�:� . �� t.
<br /> 4.Charges;Liens. Bolrowcr shall pay all taxcs,nssessmcnts,charges, fines and imposiaons auribuWble to the Property ,
<br /> , which may attain pxiority over this Security Insuument,und leasehold payments or ground renu,if any.Borrower shaU pay these ..
<br />-'%�'�! ' � obligations in the manner provided in paragiaph 2,or if aot paid in that manner,Bonower shall pay them on wne direcdy to the �„
<br />= person owed payment, Bocrower shall promptly fumish to Lendea fill nouc;es of amounts w bc paid under thLs paragraph. If '
<br /> • . �� ' ' Borrower m�kes these paymcaits direcdy,Dorrower shall prompdy f4►cnish to L.cndcr rcccipts cvidericing thc payments.
<br />- „ Horrower shall prompdy discharge any Gen which hes priority 9ver this Security Insuumcnt unless Borrowcr:(a)agrecs in � �
<br /> ,, .. wdting ro thc payment of the obligation secureA by the lien in a manner acceptable to L.ender,(b)con[ests in good faith the Gen
<br />-_ '� by, o� defends against enforcement of d�e lien in, legal procecdings which in the Lender's opinton operate to prevent ttie
<br /> •=;�•;i enforccmcat of thts Ilen;or(c) sccures from U�e holder of the licn an agccment satisfactory t�,L�cndcr subardinaang the lien to
<br />_ ' `;�:, thls Secudty Instrumen�If Lender dete.nnines that nny p�rt of the Aaaperty is subjact to a Hcn w�icl�may atfain priority over this • ;
<br />- `�• Sa.urity Instrunxi►t,Lu�der may give Bonowcr a notice identifying tite lien.B¢rtawer sltall s;�tisty the lien or lake ona or more
<br />_. of tho acdons set fonh above within 10 duys of the gira,�g of notzce.
<br />� ' Form 3028 9/80 �
<br /> �� �•ER(N�)(C2t2) P�pa:ot 0 �mua�c
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