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<br /> '[�CiBTHEF! WI'TH nll �ho improvcrnents now on c�rcaftcr crcctccl on tho property,ns�d all casements,appurtcnuncc.9,and �� .. �, ,
<br /> "' fixtures now or hereafcer u part of thG property.All rcplaccment�and odditions shall ulso be wvarcd by�his Security Insuument. �
<br />,.,,.,; �
<br /> � � . All of�he toregofng is rcfcrcecl ta in�his Securiry Insuumcnt sv tho Propeny." � '� -
<br /> . BORRQL�iEiR COVFNAI�I'I`S thai Bafiow�r is lawfully se;scci of U�o cs�nto hcrci�y convayct!ar+d i��s U�o eygiU to g�a��t:.nd
<br /> convay tho Prupetty end that tho Fraperty is uncncumbcred, except for encumbranccs of rccord. Horrower werrar�ts tu�d will , . ,
<br /> �� � defend generally tho ddo to�he Propeaty aguinst all cL�lms c►nd demands,subjeet to any encumbrances of record. :
<br /> — THIS SEC(JItITY INSTltUMBNT wmbines unifotm covcnants for nntional usc nnd non-unlfarm covcnanis wlth limitcd
<br /> � ' �' varietion�by judsdlction to consdtute a uniform securlty instrument covering reul praperty. "
<br /> UN�ORM COVfiNANTS.Borrowcr nnd Lcndcr coven�nt and agrcc es followa: •
<br /> � � 1.Payment uf FrincipAl p��Iuterest;P�epaywent and LAte Ct�aegea. Boaower shap prampdy pay when due thc
<br /> principai of and Interast on tt►c d¢bt evidenccd by the Note nnd eny prepayment and late charges duc�under the Nato.
<br /> 2.Fuads for Taxes and insuvenca Sub�ect to upplicuble law or to tt wiitten waiver by Lender, Borrovezr sliaU pay to •
<br /> Lender on the day mo.nthly payments are duc under the Noto,untU the Notc is paid in fuU,a sum ("Funds")for:(u)yearly ta�ces ,
<br /> • ond assessments which may atu�in prioriry ovcr Ihiv Security Instn�ment as a li,en an the Property;(b)Yearly letisettold paymcnts �,��,�;,�,,�`
<br /> or ground reiwts on the Property,if eny;(c)y�arly haaard or property insurance premiums•,(d)ye�rly flood insurance premiums,if ���.
<br /> �` enY�(e)Yearly m�ngage insuranc.e premisuns.if any; and(�r�ny sums payable by Borrower w Lender,in accordance with tho - .; ::��,-��.:��
<br /> � , provision.g of paragraph 8. in Ileu oF the paymcnt of martgsgc insurancc premiums. The�c items are callcd "8scrow Itcans." {� ; . = •-%_�:,,�--
<br /> Lender may,at eny tune,collect and hold Funds in en amount noc w exc�ir.d the maximum emount a lender for a federally nlated E .•s"�,i�;;,,�,_
<br /> �f mortgage lottn may req�.ire for Hocrower`s escrow account under the federal Real Estate Seulement Procedures Act of 1974 as • ��"�#':'`"�-`"'.'
<br /> _— ema►dal from riaee t4 ti�ne,12 U.S.G Secdon Z6�1 rt seq. ("RESPA"),unl�.ss another law that t�plles w the Funds�^�a l�r ;,,:�;.;;�-��-i6ctit`_
<br /> „ � .� ., amount. If so.I.ender muy,at eny time. colloct and hold F�ends in an amount not w excc�ti the lesser amounG Lt;nrL;r may :.;i:`�''s'�+�;.��.,�
<br /> . esdm�Ue the amount of Funds due on tho basis of cuerent data and reasanable estirnates of ea dlWtes of futur�Escmw Ituns or �''1;rf�`` �'-
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<br /> othcrwise in accordancc with applicablc law. .,`,•�::
<br /> . ' 11ec Funds shall be held in an institudan whosc dc,�wslts arc fnsured I�y a fcder�l a;ency,instrurrtcntallty,or endty(including � `-- -
<br /> -`�' L.endu.if Lender is such an insdtusion) or in eny Fedcral Homc Loan Bank. Lcndce s6aL' apply thc Funds to pay tho Fscrow -s �-�
<br /> . , Items.Lender mey not charge Bocrower for holding and applying the Funds,annually analy...ing the es�.�row account,or verirying
<br /> the Bscrow Items.unless L.ender pays Aorrowtr interest on the Funds und applicable law permlts Lendv to malce such a ct�,arge.
<br /> ' , . However,I.endcr may xcquire Borrower to pay a one-time charge for xn independent real estate tax reporting service us�ed by � �-.�c.
<br /> Lender In connecdo� w.'rih this loan, unless applicable law provides otherwis�. Unles�s an agrecment is made or appltcable law „ :;,'; `
<br /> " reyuires interest tn be paid,L.cnder shall aat bc required to pay Borrowcr any Arctrest or camings on the Funds.Horrower and ,, �
<br /> , . •� Lendcr muy agroe in writinng,however,that int;ctcst sdall�e paid ott the Funds.L,�aider shall give to Borrower,without chargc.en ��t
<br /> � anamal accounti�ag of the Funds,sho�ang cred.its rind debits to the Funds r�nd the pu�ose for�vhieh each debit to the Funds was `'`'YS
<br /> � made.'Il�e Funds are pletlged a9 addiiianal secutiry for atl sums secumd by this Secarity Instrumen� ' •':`%;t�,��' �
<br />. If the Eunds held by Lender exceed the atnoum�s permiued to be held by applicuble law,Lendes shs�ll account to Borcower for � � y.
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<br /> the excess�nds in acconlance with the requiaements of applicable law.If the amount of the Funds held by L.endec ai any tune is � ,�
<br /> not sufFicient to pay the Escrow Items when due,Lcnder may so notify Bocrower in writing,and,in such case Boirower shal!pay ��� +� �
<br /> to Lead.a tlie emount necessiuy ro rmake up the deCciency. Borrower shall muke up the deficiency in no mare than twalve � h 7•�
<br /> monihty payments.at L.cnder's sole discrcuon. � ; � �r.j�-�
<br /> ' ' Upon payment in full of all swns secnrcd by this Sccuriry Inatrument,I.cndcr shall prompdy rcfund to Dorrower any Funds I ��` ' � ..,
<br /> ' �• held by Lcadcr.If�under parngrapl�21,Lencicr shall acquire or seU rhe Property,I.cndcr,prior to the acquisition or sele of the � ..�-�� "
<br /> ' Property, shall apply any Funds held by L.ender at the time of acquisiaan or sale as a crodit against the sums secured by this i .
<br /> „ , ' Socurity xnstrument •
<br /> ;..;. . 3.AppUcation�of Payments. U�nlzss applicable law provides othenvise,all payments Kc�ived by Lendcr under paragraphs � .
<br />- .: �� I and 2 shall ba applicd: firs�to any prepayment chturges due undcr thc Notc:sccand,to amounts payable under paragaph 2; � '
<br /> `� `� third,co interest due;founh,to princIpnl duc;end Iast,to nny lutc charges due under the Note. �
<br /> =� 4.Charges;Lkns. Borrower shall pay all taxcs, assessments, charges, fines and impositions aaributable to the Property ; ��
<br /> n, which mas�nttain priority over this Security Insuument,end Ieasehold payments or ground rents,if any.Borrower shall pay these ; �
<br /> obligations in tha manner provided in paragraph 2.or if not paid in t�at manner,Borrowcr stiall pay thcm on 6me d'uecdy to the ,
<br /> person owed paymen� Boaower shsill prompUy fumish tc� Lender all norices of nmounts to be puid un��a this paragmph. If ; .
<br /> • BorrowP.r makcy thccc puymcnts direcdy,Borrower shall prompdy fumish to Lcnder receipts evidencfng the payments.
<br /> Borrowcr shall promptly dischnrge any lien which has priority ovcr this Securiry Instrument unless Borrower. (a)agrees in
<br /> ., writing to the payment of tha obligatian secured by the Iten in a manner acccptable to Lender;(b)contests in good f<vth thc licn
<br />�-� . by. or defend9 against cnforcemcnt of thc licai in, leg�l proccedings which 3n the Lcndcr's opinion operate to prc�cnt the
<br /> ° cnforoement of thc lien;or(c)securas from thc holdcr of thc licn an�ment satisfacwry to Lendcr subordinaang the lien to
<br /> , this Scc�uiry Inswmenc.if Lcnder detcrmincs thlt any put of the Properry is subject to a lien which may attain priority ovcr�I�is
<br /> _ Securiry Instrumcnt,Lcntter may givo Borrower n notice idenW'yinQ die lien.Borcower shall sntisfy the lien or take one or more
<br /> , `' of the actions sct fonh aUove within 10 days of thc giving of nouce.
<br /> � Form 3020 0l8m
<br /> � �-BR(NE)�g2ia1 ' Pao•�m o iowai�: •
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