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<br /> . . � 9� 9.�2�.�°s'� �-:_
<br /> �.. � . TOGETFIER WI7'H aU the improvemgnts now ar�emafter erectsd on the prop�rty.and all easemenu.agpt►�4eniamces.astd =
<br /> �� � �
<br /> ' fixtures aow or hereafter a part of the property. All replacements ard eddibo� shall ulso be covered by this Securiry _ ..
<br /> Instrum2nt All o€the fot+egoing is�ferred to in this Securiry Instniment as the"Property." �*:•.
<br /> BORROWE�Y COVENANTS that Barrower is ta�vfuily seised of tAe estate hereb;conveye�and hns ttce ri�ht tn psnt amd �
<br /> � convey the Property and that die ProPertY is unencumbered. except for eacuuibreaces of recosd.Borrower warrsnts and�viU ��
<br /> defend generally the title m the Propeny against all ciaims and demands,subject to any encumbrances of record. --v;,
<br /> '['�IIS SECURITX INSTRUMEN'f combines uniform covenants for national use and noa-uniform covenants with[imited �
<br /> . vaiiations by jurisdiction to oanstizute a r�niform seauity insuumant cuvering ceal praperty. �`
<br /> � UPiIFORM COVENANTS.Borrower ar.d Lendes coveaant ar�agree as follo�vs:
<br /> . !. F2y�ent of Pri�adpaf snd Irrterrst; RepaYment and LaEe Chssges.Borrovu�r shati promptlY PaY when due the =-�°
<br /> .` printipa!af aud inte�+est on the debt evideaced by ths Note snd any prepayment und late charges due uader the Note. �'°"`f
<br /> ��� � E.��tor Taxes Sud I�te. Sub,ject to applicahte law or to a written waiver by Lender. Bonvwer shall pay to �_
<br />-;"::� L.ecder ocs u5e day monthlY PaYa�ass ac�du�.�ndes tt�.$Noie,unril the Note is paid in full,a sum("Funds")for.(a)Year�Y taxes ��-
<br /> ''•�/� and assessments tvhieh rmay attain priority o�rer this Securiry Instrument as a lien on the Pr+operty;(b)yearlY teasehold paya�nts -�--
<br /> �.:;;::.- or ground rents on the Property.if any.(c)Year�Y hazard or properry insnranoe premiums:(d)Year�Y tt�o�i insurance premiums, ��i;,,
<br /> �°�' if any:(e)Year1Y mortgagz insurance ptemiums.if any: and(fl�Y Sums FaYabte by Bnrrowcs to Lender. in accordance with --—
<br /> ` " the provisions of paragrsph S, [a liEU of the payment of mortgag�..in.c�rance p�miums.T�ese items are called"Escmw Items." ��"`
<br /> ..;.,:....: .,
<br /> Lender may,at any time, wQect ass,d hflld Funds�n an amn�nt nat w eacceed the ma�cimum amount a lender far a federally wxr,;.
<br /> celated mort�tz�;c�lo�m ma3+recluire far Borrow�'s escraw aaam�.t under cux federal Rea� Fstat�Seitlement Prac.ealures Act of
<br /> 1974 as am�en�d i'iam mae w mne, 12 U.S.��esxiou "�t'i t�t ser�. t"�A"),unless anot}ier law that appUes to the Funds --.
<br /> sets a tesser amautrt. If so> Leitder may,at arcy time,�L�and�old �in an aanount nnt to eaceed the lesser amounG
<br /> , ��.
<br /> � L,endes muy Cstimate the amauat af Funds due on the ba.�is•x�currenr data and reasonahle estimates of expenditures of futuie —
<br /> �:�+ Escmw Itexns ar ott�ivrise in acsc�t.aace a+ith applicable la�. "—a'---.':`
<br /> . ' The Funds shall be held �an institudon whose deposlts ac�e insured by a fedsral agency, instr�mentality, or entity �=:.-.
<br />;.%.. �� (iac[uding I�nder,if Ix�der is snch an insti�n)or in any Fede�u!Hom�e Loan Bank.Lender shatl apply the Fiu►ds ta pay the ---�-
<br /> . Fscrow Items.Lender uu►�uae charge Bar^s�s for holding and applying tne Fnnds,annuaily analyzing the escmw aeconnt,ar
<br /> •�'.: ,_� veti�fying ths Fscmw Ytemi�<.'.t��dec�ys Borrower interest on the Funds and appli.�le law permits L.ender tn make svch �
<br /> .. a d�:+rge.However,Lender�y•���Horrower to pay a oue-time chazge for an indc�pemdent real estate tax rt�c�s=nrice �.
<br /> � used by I,endsr in oonnearon ��tb this loa�, unless appli�hte !aw provides otherg�is�. U�less an agreeu�e�,cs�tle ar _
<br /> ap�lIcable law requires iriterest to be paid.I�ndzr shall aot be raquired tc.�y Bocrower any interese or eamings on t�e Fun�is. �
<br /> . Borrower and Lend�r may agree in wriUng,�ever,that int�rest shall �a�aid on the Funds. �.ender shall give W�anuwea; . ■�-�
<br /> � wfithont charga. an annual acconnting of t�gnnds. showing c�iu aa��i���he Funds�d�p�fox�:ch�h �. ('.
<br /> . debit w the Funds wa�made.The Fu�s are p2edged as additional secvritY far all s�s�atre�by this��uriry Ins�i�eat.
<br /> . If the Ftu�ds hetd by Lender exceed the amourss Permitted to i�e heid Cy�p��e_law,Leeder shall acoauus W Borrower , '. ' �=_�.:
<br /> � for the excess Fuisds in ar.cordance witd the requirements of applicable 1E�.!i tha,�tt�mt of the Funds held by T.ender at any;, : � ��i
<br /> " time is not su�iaeift to pay ti-�Esccow Items�vhen due.iRnder may so�i�'i�y Bnrr�n�ves''sn writing.and,in such cas�Borrawer ::. �y-
<br />. � t,,, ' shall pay to Lend�r the amo�car�cessary to malce up the deflciency.Bormwzr s:�il�ice up the deficiency in no more t�ian � : ��<
<br /> � � ' tzvelve momhiy pap�nents.at L�ct�ar's sote disecetioa. ��-".
<br /> UP�n PaYa�ene in full of all sums secured by this Secar.iay Instcum�ub I.ender s7iall promptly refund to ��ra+m�er any, .. • �x
<br /> .. Funds held by Lerder.If,ander paragraph 21,Lender shali acqui�ar s��9 ehy Progecty,Lender,Prior�o the acquisitii�?or site•
<br /> �,-,
<br /> • .� Qf thz P�operty,sha�apply any Funds held 6y Ler�er at the time of at�,aisiuon or sale as a credit against the sums secused��:;
<br /> this Seeurity Instrumera. —a
<br /> 3.Applic�4ion of H►yments.Uriless applicable law pmvides othenvise,all pay�nts received by L�ender ander p�ragraphs
<br /> � t and 2 shap be applied:first,to any prepay�nent charges due under the Note;second,•to amounts payable under.paragraph 2:. •
<br /> '. � � tJ�ird.to interest due;fouitb:to principal due;aad last,to any late charg�dus under the Note: --
<br /> � � 4.Charges;Ltejs.Borrower shalf pay all taxes.assessments,ch�g,..�s.fines and impa�itaons amibutabie to the Property
<br /> ;�.;;, �, which may attain priotity ovEr this Securiry Iastnunent, and leasehotd��ayr�nu or graund rents, if any. Borrower shall pay �
<br /> these ablEgattons'in the manner�Srovided in pardgraph 2.or if not paid ix�ttuif manner,.8olrower shall pay them on sime�directty =.
<br /> �s gr
<br /> .� � ' ta the person owed payment.Bonr,wer sha11 promptly fumish to Len�er all notices efa¢'riounts to be paid tu�er this paragraph.
<br /> If Borrower malces these payments direcdy.Borrower sha11 prompdy furnisl�to Leades�reiyts evidettcing ths payments. _—
<br /> � � Boirower shall promptly discharge aay llen which has prioriry oves tl:us Security Insmrasent�Ip�.Borrower.(a)agrees•in
<br /> . writiAg to the payment af the obligation se.cured by the lien i�a manner a,�pta6le to Lemder:(b)costzsts in goat faith the lien
<br /> .•�pr,�ro4��defends against enforcement oi the llen in. Iegal proceedings vr,iich in the Lender's opinion operate t�•.�rtevent the
<br /> ' e�Yu�tvement of�he tien;or(c)sccures from the halder of the lien an agr�meat satisfaciory to I.ender subordinating the lien to �
<br /> • � this Seeurity Insmiment. If Lender determines that any part of the Prapa�:y is su6ject co a lien w4ich may attain priority over, „
<br /> . this Securiry InsCCai�t►t.Lender may give Borrower e notice idendfyin�¢'a:lien.Borrower shall satisfy the llen or take oae or� �'"
<br /> '. ' more of the nctior,;set forth a6ove wi�thin 10 days of the giving of notioe. --
<br /> � " . Fo�m 8028 918Q ,=
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