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<br /> ':'�GGTHf?R WITH n!l tl�e impravcmcnts no�v or herenRcr erccted on the property, And all casenicnts,appunennnccs,nnd
<br /> fixtures notiv cu hcrcaRcr u p�rt of chc praperty. All rcplaccmcnts nnd ndditions shall nlso be c�wercil by this Security --
<br /> Instrwncnt. All uf'dic G►rc�uing is rc('crrcd to in�liis S�curlty lnstrumcni us Uic "Pruperty." ��
<br /> L'Ot�RQ�VCIi COV�NANTS that Ro►7ou•cr is lativfully seised uf the estntc heo•ehy cmiveycJ und has thc rieht to grant und .
<br /> convey th� �'roperty ard th,►t thc Property is unencumhered, exeept f�r encumhrimr.e��f recnal. Rnrrow�rr w�rr�uics and �vll! -
<br /> defend generally Ihe tide to the Property n�ninst all claims und demands,subject tn nny encumbrnnces of recard. _
<br /> Tk11S SGCURi7'Y INSTRUMENT cambincs uniform covcnuius for natinnal usc nnd numunffcirm covennnts with limitc:d
<br /> vnrintians hy jurisdictlon to constitutc u uniform sccurity instrumcnt cavcring rcal property.
<br /> UNIFORM COVk?NANTS. Borrower and I.cndcr covenant and nsrr.c ns Coilows, '�
<br /> 1. Puyment of lh�inclpul aud lnter�,�t; I'reNayment und I,ats Churges, Borrowcr shnll promptly p:ry whan duc thc
<br /> principal of und intcrest on the debt evidenccd by thc Notc und nny prcpaymr.nt nnd lutc churges duc under dze Nute.
<br /> 2. Funds for Taxes ancl Insurance. SubJect to applicablc law or to a written �vliiver by I.endcr, Borrower shnll pny to
<br /> I.endcr on the dny manthly payments are duc under the Natc,until the Notc is pnid in full.a sum("Funds")for: (a)yenTly taxes
<br /> and asscssments which�nny attain priarity uver this'.+e�ourilp lnstrument ns n lien ou thc Yroperty;(b)yeurly Icnschuld payme�zts
<br /> or graund rents on thc Propeny,if nny;(c)yeurly I�v:utiM�ar�mperty insurance premlums; (d)ye�irly flood insumnce prcnuums,
<br /> if uny; (c)yearly mongage insurunce premiums. if any;:tnd (�any sums payable by Borrower to Lender, in accordance with
<br /> the pravislo��s of pn�agraph 8, in lieu of the payment of mortgage insurnnee premiums.T��ese items are called "Escrow Items."
<br /> l.cnder mAy, at any time,collect and tiold Funds in un amaunt not to excecd thc maximum umount n lendcr for a federally
<br /> relnted mo��tgugc loar�may tequire for Bor�ower's cscrow nccount under the federal Reul Estute Settlement Pracedures Act of
<br /> 1974 us nmended from time to time. 12 U.S.C. Section 2fiQ! er ser�. ("RESPA"), unless anothcr lnw thut ap�liea ta thc Funds
<br /> sets n lesser emonnt. If so, [.ender may. ut any tlme, cnllect and hold Funds in an umoimt not to cxcced the lesser amount.
<br /> l.cnder mny estimntc the umount of Funds duo on the busis of current dntn aiid reasonable esiimates of expcnditur�,of fi►ture
<br /> Escrow Items or otherwise in uccordnnce with:i�plicable law.
<br /> The Funds shall be held in un instiuicio�n whose depc�sits nre insured by a federal afiency, instrumentnlflJ, or entlty
<br /> (includin�Lender.if Lender is such nn inctitution)or in e�cry Federal Home Loan Barik.I.ender shull apply tl�e Funds 2o pay the
<br /> Eserow ltems. t.enc�er may not chnrge Aorrower for holding and applyinb the Funds,annuully analyzing ehe eserov,�ccaunt,or
<br /> varifying the Escrow ltems, unless Lender pays Borrower interest on the Funds and npplicablc law permits L.ender ti�make such
<br /> a ehnrgc. However, Lernder may require Horrower to pay a one-time charge for nn independent rcal estcttc tax reporting servicc
<br /> used by Lend�r in connection with this loan, unless upplicrlble Inw provides othenvise. Unlr.ss nn ngreement is made or
<br /> upplicable law requlres juterest to be p�id. Lender shall not be required to pay Horrower any interest or e�unings on the Funds.
<br /> Borrowcr nnd Lcndcr mAy agrce in writing, however, that interest shaU be paid on thc Funds. Lendcr ahnll�i�te to&�rrowcr,
<br /> wlthout char�e,nn annuul accountin�of thc Funda, shuwinfi cre.�iits u��d debits to the Funds and the put'{►ose for which eaich
<br /> debit to thc Funds was made.The Funds ure��ledged us udditionnl security for all sums sccured by this Security Insttument.
<br /> If tlie Funds held by Lender excecd the amaonts permittul to bc held by applicuble law, L.ender shall uceount to Bonuwer
<br /> for the excess Funds in accordn�►ce whh the requ3rements of Applicable lnw.If tlic aniaunt of the Punds held by C.c�ider nt any
<br /> time is not sufficient to p;►y the Escrow Items when due,Lender may so notify Borrower in writinE,mid,in such case Porrower
<br /> shall pay to[.cndec th� amount nec.essary to mAkc up the deficiency. Dorrotiver shull muke up dio deficiency in no morc than
<br /> twclvc monthly p�yrnents,nt Lc:nder's solc discretion.
<br /> Upom payment in full of ull sums secure,d by this Secufity Instrument, I.ender shall promptly refund to 8orrower any •
<br /> Funds held by l..cnder.If,under paragraph 21, Lcnder shull acquire or ssll the Property.Le:nder,prior to tho�cquisitinn or sale
<br /> of the Property,shall upply any funds he!d by I.cnder at tlie timc of acquisition or sule as a credit against the sums stcurcd by
<br /> thls Security Instrument.
<br /> • 3.Applicatlan of P�yments.Unlcss applialble law provides othcrwise,all pteyments re.ccived by Lendcr undcr paragraphs
<br /> 1 and 2 shall ba appli�:first, to any prcpayment charges due undcr dic Not�:se�:ond,to amounts payabie under paragruph 2;
<br /> third,to interest duc;fourch,tn principal duc;a�nd last,to any late chargcs due under the Note.
<br /> 4.Charga; I.lens.Horrower shnll pay all taxes.assessments, charges, fines nnd impositions nttributsblc t�the Praperiy
<br /> which may attain pr[ority ovcr tl�ic Security Instr�ment, and lcaschold payments or ground rento, if any. Honower shall pay
<br /> these obligations in the manner pravidal in paragrnph 2,or if not paid in.that manna•,Borrower shull pay them on tima diroctly
<br /> ta tt►c porson owed payment.Banowcr sh�ll proniptly furnish to i.ender all notices of amounts to be;paid under this paragrnph.
<br /> If Borrawer mukes thcse paymcnts directly,Banower sl�all promptly furnish to Lender receipt�evidencing thc paym�nts.
<br /> Borrawer shall promptly dlscharge any licn wliich I�as priority over thfs Security lnstrument unless Horrower:(a}agrces in
<br /> writing to tha puyment of the obligation secured by the lien in a manner ncccptablc to Lender:(b)contests in goai faith tlie lien
<br /> by, or defends ag�inst enforcement of the licn in. legal proceedings wiiich in tlie Lender's op3uion oherate to provent tho
<br /> enforeement of the tien; or(c) secures frnm the holder of the lien oai agreement satisfactory to C.�nder suborciinating the liei►to
<br /> th�s Sccurity Instnrment. If Lender determines that any pArt of the Property is subject to n lien which may attuin priority over
<br /> this Security Instrumcnt,Lender mny givc Barro�vcr a noticQ idcntifyiiig thc lien. Borrower shall satisfy the lien ar takc one or
<br /> mot�e of the actfona�et forth above within 10 duys of the giving of notice.
<br /> Fam 3028 8/80
<br /> Pepe Y o10
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