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<br /> TOOETHBR LVITH all the impmvementx now or hereafter erxtM on the propertyr,and all easements.uppurtennnces.und
<br /> fixtures naw or'hereAfter a part of tho pro�erty. All replacements and ndditioas ehall ulso bo cuvered by thia Secndty
<br /> Instrur�eent. A!1 of the for+egoing ls neferred to fn this Socadty Instrument as tho"Property."
<br /> HORROWER COVBNANTS tlwt liarrower is IawfuUy seised of tho esWte hereby conveyed und has tho right to grant and
<br /> oanvey the Propeny and that the.Proputy is unencambtred.exapt for encumbrances of record. Borrower warranta nnd wlll
<br /> defeztd gensrotly the tide to thA Pco�tty ugulnst r�ll claimb tux!der�uxis,subject to�u►y encumbrenoes of rewrd.
<br /> THIS SECUltIT�1NST1tUMSNT combines uniform coventu►ts for national use and non-uniform covemntA with limited
<br /> vadations by Judeitt¢tlon to constitute a uniform securiry instnur►�nt covering rcal praperty.
<br /> UNIFORM('OVHNANTS.Borrowet erid L.tndet cavenant anct ugrea es#'ollows: •
<br /> i. 17�1�nitenT oi rrinCepai anli i�aeresii i�azPaym� At�a a.aie a:t�ar�. Bvcnrwar nrtaii P�PuY Pa7 wiicn wia�a
<br /> principal of artd Interest on u►e de6t evtdcncod by tha Note snd bny prspayment and lau chEUges due un�ier the Note.
<br /> 2. Funds for Tpxes uad Iasuraace.Subjcct to applicable Isw or to a written waiver by Le�Mer.Borrower shail pay to
<br /> �.ender on the day mo�+hly paymenta aro due under the Notc.untlt the Note ia paid in tWl,a sum("Funds")for:(a)yearly texes
<br /> and assessmeuts whfch may attain prlorlty over this Securlty Instrument ea a lien on the Property;(b)yeacly leasehold payments
<br /> or gmund rents on the Property,if any; (c)yearly hazard or property insuranae pnmiums;(d)yearly tlood Insuranco pnmlams,
<br /> !f Any:(c)Yearly mortgago Insurana pnmiuma. if any: and(�any sums payable by Bormwes w Lender, In acoordance with
<br /> the provlslons of paragraph 8. in licu of the payment of ruortgage tpsuramx premiums.These items are cal[ed"Escrow Items,"
<br /> I.ender may.at any time� coilect and hold Funds in an emount not to exceed tha maxImum apiount a lender for a federelly
<br /> e�elated mortgaga loan may require for Borrower's esceow a000unt uader the federal Real Bstau S�Wement Pro�vdures Act of
<br /> 197A as amepded from timo to time. 12 U.S.C.Scctton 2601 et seq. ("RESPA"),unless another law that applia w the Funds
<br /> sata a lesser amouni. If so, I.ender may, at any dme.oollect and hold Punds in an amount not to excead thb lesser amount.
<br /> I.ender mey estlmnte the ataount of Funda dua on the basls of curnnt data and reasonable estimatcs of expenditures of future
<br /> Fscmw Tt�ms or otherwise in aceotdance witt►applicable law.
<br /> The'gunds shall bo held in an insUtution whose deposits are iasured by a federal agency, insuwnenudity. or entity
<br /> (including Lender.ff L,ender is such an insUtution)or in any Federal Home Loan Bank.Lender shell apply the Fw�ds to pay the
<br /> 8sccow Items. i,ender may not chatge Borrower for holding amt applytng the Funds,annUafly analyzing the escmw aocount,or
<br /> verityin$the Escrow Items,unless Ixnder pays Born�wer int�rest an the Funds and applicable luw pormits Lender to atake such
<br /> �chsr;e.Hotv�ver.Le�eder may requir;,E�croGer ta p�y n one-time charge for aa indepen��ttt rc�esiatt tax�arting�vice
<br /> usod Isy l.ender tn connectIom wlth this loan, uniess applicable law pmvides otherwis�. Unlxss an agreement is inade or
<br /> appiic�bie i'aw�airts u►ucesc to be paid. undar sha11 not be required to pay Bomuwer air�y inuenst ar eamjnga on the Funds.
<br /> Sunowtr and I.endec may agtec in writ3ng,howcver, that interest shal!be paid on the Funda. Lender shall give to Borrower.
<br /> without r.t�arge.an unnual acrounting of the Funds, showtng credits and dabits ta the Funds and the purpose for whlch each
<br /> debit to tbe E�unda wag made.The Funds are pledged as addit�onal securIty for al!aums secund by thia Security Instnunent, _
<br /> If the Punds held by Lender excad the amounts permiaod tu.foG held by appltcable law.Ldnder shall a�unt to.�on+nwer
<br /> for the exoess Funda 1n•a�roordance with the�quinmeats of applicabie law..If the anwunt of the Fwxlsheld by Leader at eny
<br /> , • Wne is not sufficient to pay the F,scrow It�ms when due,I.end�er may so natify$orrower fn wrlting, aad,in such case Borrower
<br /> shali pay ta Lender the amount iKCessar}r to make up the deficiencyr. Borrower shaU mak�up the deficie�x.y in no mom thwi
<br /> twelve montbly payments.nt L.ender's sole discretion. �
<br /> Upon payment In full of all sw�s secur�d by this Security Instrument, Lender shaU promptty refund w Borrower any
<br /> Funda held by LeMer,�.uader paragraph 21.I.ender shall acquiro or sell the Piuperty.Lender,pdor W tl�e acquisitfon or saiq,
<br /> , of the P+ropetty,shal�apply any Funds held by i.ender at the time of acquIsiNon pr sale as a credit against the sums secured by
<br /> WIs 6aaudty Instnut�en� •
<br /> 3.App�k�tlon oL P�yma�b.Unle�s applicable taw provides otherwIse,al!payments ceCeived by Lercder und�r pacagrapbs
<br /> 1 aqd 2 shall be nppiied: ticst.W any prqswyment charges due under the Noto;seoond�to amounts pa�yable uixler paragraph 2;
<br /> ' third,w inttrest due;fourth.to prInclpai due;aKl last.to eny(ate charges duz w�Eer ttae Nou.
<br /> ,. 4.Ch�t�esi Y.ienb.Borrawer shall pny ell taaes,esssssments.churges. �nes und tmposittons attributable to tha.�'roperty
<br /> �. which may attain priorlty over this Secur�ty In�avment. and�easehold payments or ground rents, if any. Barrower shall pay
<br /> tlresc+ot►ligations in the manner p�v3dod in paragraph 2,or if r�o't paid in that manaer.Barrower Rhalt pay them on titno'dirtctly
<br /> w the person owod paymam.Bmm�wer sl�sll promptiy fumish fo i,ender aQ nouc�of,amounts to be paid under Uu.a paragraph.
<br /> if Borrower makes these payments dimZly,Borrower shnll promptly ftirnish to L.euder croeipis cv�dencIng thc payraents.
<br /> • Borrower shall promptly dIscharge any lien whfch Gas priorIty over this Security Instcument uNess Borrower.(a)agc+ees in
<br /> writfag to tihe payirxnt of the obligation secured by the licn it}a manner acceptable to Lendet:(b)rnntests in good fuith ihe 1{en
<br /> l�y. or �efi�nds egainst enfurcement of the lien i�.legal praceediags which in the Lender's opinion operate to pteYent the
<br /> enfoncetinpni of the lisn;or(c)sxures frnm the holder of the lien an agcecanent satisfactory to I.ender s�ubordinattng the lien to
<br /> th[s Sxuriry Instrume�at, If Lender detemunes that any pact of the Property is subjax to a lien which ma,y attain priority over
<br /> ti�is Security Insuument,I.ender muy give Borrower a notice identIfyins tt:e tien.Horrower shalt sattsi'y the lien or take nne or
<br /> mQre of tht actfons set farth above wit�in t0 days�f the giving of notioe.
<br /> Fam 8028 e/80 _
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