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<br /> .��=—----- _ _ . _- . _ . _ 92—iv�1s2 _ �.
<br /> TQp�HFR�NITH a!I tt�e improvements now or heteafter erectad at tbe pcoperty.and al!e�tements.appurten:uise�� �
<br /> — :" and fixtac�ss.tit�w or i�after a part af the property. nti re�iace,n�nc��a aaa�a��i�o�e ro��a ey�,;5 secu,��y
<br /> ; iqstrwne�,t�:tkll oE ttie foregoiag is referred to in this Security Inmument as the"Ptoperty-" ' �,:... , .
<br /> __ ' gQt�QV4FFR COVENANTS that Boaower is tawfully seised vf the estate 6eneby conveyed and has the right to grant _
<br /> _ : ��v�q;�p�.�ny and that the pr�npertyr Is unencumbered,except for encumbrances of recor� Boirower wartants and �
<br /> __"_ _� will de[�y�,(��neraUy the dUe to the Pro�Oerty against al}ciaims and demands.subjec�w�ny e�uumbrances of ncord. � -- -
<br /> , __._._. _ . _-_. - -- THI�:�RITY�NSTRUMEN7'combines unif� soven�►ts foi national use and'nat-uniform covenants with ` - __— .
<br /> -- " - - �__-._ - —
<br /> - _-_ � timited x�j'�'c�ns bY jurisd'ictibn to consdtute a unifortn seauity instrwne�rt covering real property.. ' --- �
<br /> _-��� . U1W�QR11#CQVE4+FANTS.�Borrowei and Lender coveaant and agree as foflows: ' �.� _ ---
<br /> -- I� 1!�►YA�Mt d Prin�ipal and Lterest:P[epnYme�auQ Late CUuSes. Boaower shalt prompUY PaY wheti due ihe " ��=:,:..__-
<br />< � ~.„ principzl�f�snd�At�est ort the debt evidenced by the Note and ac4Y PmPaYment�d late cGarges due under the Note. �_s��-------
<br /> `. ' �.� Fj�tldt�ar Taxes s�d Ipsuneoa Snbject ta applicable law or to a wriaen waiver by i.ender.Boirower s6all pay to _"_
<br /> -�'° azr dne under the Note,until the Note is d in f ull.a sum l"F u a d s")for:la)Y e az 7 9 '"__
<br /> _ ' i,.endec cnt�i1�daY��t9�, � ^"�"
<br /> �t �' t�noa
<br /> '--''`'- taxes aqcf ass��.s wbich ma attau�priority over this Sec�uity Insuument as a lien on t i�e P ro cty:(b)Y e a�r 1Y �`:xW--
<br /> _ y v� �-�--�__-===--
<br /> �-- pay�,.qr,grpund rents on tl�Property.if any: (c) Year1Y ha�ard °r PmPenY insuiance.premimns:°(�Y�Y � �{.�'�y----.-
<br /> ' ' _ ;;==7 . . i�A�e�emiums+ if 3ny;(e?.Y�Y�8a8�� P�i f any: (� sums payahIe 6 =
<br /> �e urance ums,i aad a�ry � Y�Nwer to ���Y:
<br /> L.ender,.in��GCOtdance with ttre pravisioas of. 8.in lieu of 1he paymeatbf mvRgage inscuanCe•P��ums. 7tKSe. �._
<br /> items.arc�a.Ued."Escrow Items" Lender may,at any time.rnllect aad hotd Funds in an amaynt not to exceed the makimwn, � ; ,�
<br /> "'f�•~'?°_���. artxxini�a,[ender for a federaliy.ielated mongage toan rt�ay req�rire for Bosiawer's escr8w accouni.�the feder,sl Reat �-
<br /> '�- �.; =-- Fstate StxtiC�nt Procedums Act of 1974 as amended from tirne to time.l2 EJ.S.�§2Gd1 Ft'seq.('RFSIiP1").unless�nther ��, �.::;'r�-�- - -
<br /> � ��:
<br /> • ��. , 1�w dl�,t:aPPlies to tt�e tamds sets 3 l e s s er amount i f so,L.e n d e r m a y,a t a n y t i�a e,c o I E e�c G a a�fi o l d F i i n d s i u►a n a m o u u E.n o t t o
<br /> � -- eaceed:tt�.lesser smours� Lender may e.�timaic the amo�int of Funds d�e�t��a.�of curirena+data aad reasona6k -
<br /> `'�.i�`�- �� • estim�tF€.af.eapend"etnres of fuwre Escr+ow ttea�ax aherwise in accordacr-.e���cab�e law. - . __-
<br />. �s�n�, � r _
<br /> .�.� 71J�Fands sfiafi tre hetd in an institatiae.�.I�ose deposiu are insu��g a�eder�.l atgeacy,iastcumentality,oc entiiy
<br />';, �z . � ,:,�f;•`�� � - (ineludit!$•1:erider..�Lender is such an institi.�)a in any.Federal Hom�€;oan Banlc.;Lender sball apply the Funds to pay _
<br /> '���'•���':,�` ttie�w�;Items. l:ender may aot eharge Bor�awer fa�ha[�ng anc�apPlying the��s;annually analYzinB the cscmw . .
<br /> '..,�> .
<br /> ' account,.ar�verifying the Ese�ow Itet�ts. unless l.ettder pays�orrower interest on ttie�ds and appiicable law pr�rnits _
<br /> „ , ���_,_,_, _ . Les�,er tp:make sech a charge. However.Lender may reqc,c`�*�Sorrower to pay a one-ti¢�le charge for an indepeai�t mal _ � . �_
<br /> , est�:s t�c rc�nrtin�service used by Lender in connec6on i�i�"th�s toart.uniess appticaMe�aw prtmdes othenvise. Unless an ,,,
<br /> . ° • agr�ement�ia made ur applicable law requires interest to 6e�aid,Lender shaU not be iequired to pay eurcower any interest or '
<br />. � � . e�a�s op the Funds. Barrower and Lender may agr�ee in anting.however,that inteicst shall be pacd e�rf�e tvnds. Lender �;
<br /> hat
<br /> - . , . siiziL give to Borrower,without charge.an annual accouming of the Funds.showing cre�sts'and debit�ta the Fur.cfs.�d Ehe : � ;'
<br /> ' � �se far.which each debit to tfre Fur►ds was made. 7'he Fimds are pledged as additiam�l.security for a11 sums seci::ec#.by- '�=.''���°
<br /> - thiy.Security lnswment , � f�:_�i
<br /> : , If tl��Funds fieid by Lender exceed�amounts permitted to be ti�t�by applicable law. Lender shall avice��cn. • �=
<br /> ;.� 8drrawes,fur the cn�eess Funds irt aeeordanre with�he cequiremeats of agF�ieabte law. If the amount of the Funds�Js�by . .�
<br /> l.es�des at,aay time is not su f fciEnt sa pap t h e E s c row I te ms w h e n d u e.L en c i e r ma y so nod f y Borrower in writi n g,ac,�.in, :'.�:
<br /> � ``° ' sacb case Boaower shall pay to F�eader the amount necessary to make up the deficiency. Boaower shall make a�� � , c== -
<br /> ' ' ��� deficienay in no more than tweh•esnan[hty payments,a�L.ender�s sole discretion. " • � s:
<br /> " I n s w m e n L ender shap rom ti refund to Boiroarer an y . . �`
<br /> I_ U p o n p a y m e n t i n f u l i o f a l l s u m s s e c u r e d b y t h�s 5 e c u n t y t, p P Y � , �
<br /> � F w n d s h e l d b y L,e n d e r. I f.u n d e r p a r a gra ph 21,l.ender sha(I a c quire nr selt the Roperty.l.ender,prior to the acquisition or '' '
<br /> '� sale of.the Propetty. sfiall appiy any Funds he�d by Lender at the time ot acquisition or sale as a c r e dit aga�nst t he sums � •. : `'
<br /> , ; secure4 by this Security Instrument. � �`.i
<br /> ; 3. qpplicAtion of Payments. Unless applicabte law provides otherwise,all paymen�s received by l.ender under � _
<br /> e
<br /> � parastaphs 1 and 2 shali be applied:frrs�to any prepayment charges due under the Note:second to amounts payable under I
<br /> . � . � paragraph Z:thud.to interest due:founh.ta principal due:and last.to any late charges due under the Note. k :� _
<br /> 4. Charges: Liea�. BoROwer shall pay all taxes.assessments, chazge�.fines and impositions amibutable to the , ,s. _.
<br />' . ; i. Froperty which may attain priority over this Security Instrument.and leasehold payments or graund rents.if any. Borrower i -
<br /> ;',.,,;;.. shall pay these abligations in the manner provided in paragraph 2,or if rtot paid in that manner.Bmrower shall pay them on !
<br /> tlme diretily to the person awed payment. Harroarer shall promptly fumi�h to Lender a�t notices of amounts to be paid under �
<br />• `��;�;:�. this parAgraph. 1P Boaower makes there payments direcA}.Borrower shall pramptly fcrnish to Lender receip�g evi�fencing � �
<br /> �� . • . t1�e payment�. r
<br /> Barrawec shall prampUy discharge any lien which haa priority over this Security In.strument unless Borrower.(a)agtees � , �;� -
<br />. in writing to thc payment of ihe obligation sccured by the licn in a manner acceptablc ta Lendcr.(by cortests in good faith Ihe ; r' .
<br /> lien by.or defends again�t enfurrement of the lien in.tegal proceedings which in the Lertder's opinion operate ta prevent the i;'�
<br /> � enforcement af the lien;or(c)�ecures from the holder i�f the lien an:�grecmcnt satisfacwry to L.ender su6ordinatinC she lien !
<br /> • • to this Sccurity Inslrument. Ii Lendcr dctcrmines that any part of the Property is subjest to a lien which may attai��rioriry I •
<br /> � - over ihis Security Insuumenl.Lender may give Borrower�notice idcntifying the licn. Borrower shail satisfy the Ei�►os take ;,
<br /> one os mofe oi thc actions sct forth abavc within IU days of the giving of rtetice. ; �.
<br /> � 5. Hazard o�Property lnsurance. Bonowcr shall keep the im�ro�c�cments rtow cxi�ting nn c�reafter erected on the -
<br /> Property insured against tas�by fire,h:uards included within the tcrm"extended co�•crage"and any other hazards.including ;
<br /> floods or f�ooding.far whirh Lender requires intiur�nce. Thic insurance �hall be maintained in ihe amounts and fur the ;
<br /> . � . ' Fam 39:,� 4l90 �pux�2�,jR pr�gcc�
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