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<br /> TaGETHER��'I'H a11 the impmvements now or tcer�after e�cted on the pmp:tty.aad a11 easem=Vts�,a�pu� ��a?d �
<br /> �`.:.; � fixtums uow or 6ereafter a psrt of the ProgertY. �UI r�pla�nenas ant� additia�s sWl aL�o be co bY tY
<br /> Instntment.All of d�foregaing is referred to in this�ecuzity Insnvm.at as t�C"Pro�.rtY•" ��ry
<br /> �,`�t ° BO�tROWER COVENA�ITS that Borrower is lawCvlty seised of the est$te he�eby conveyed and ha�the right to grant end
<br /> ' oomey the Froperty and chat thc Property is uneacunabered. except for encumbranr,es of record. Borro�ver viarranu�will �..,...:
<br /> � defend generally the tide co the Property+agai.nst a!1 claim�and deman�s.su6ject eo any encumbrances of�cord. ��__
<br />',5�� �� '�LS ggCUgl�y QiSTRUMENT co-mbiaes unifora��venants for national use and non-uniform covenants with limited ��:.
<br /> _.. -' variations hy jurisdiction to consaitute a un�form s�writy itutniment cove�mg real properry. __
<br /> ' � ', , UNIFORM COVENANTS.Eoaower aa�d Lender covenant and agree as fo{lows: �vhen due the .
<br />�.:.� 1. Fayaa:ni of Principa7 and Inie�est; PreIs33`m�t and Emte Charg�. ��irower shall promP�Y PaY .
<br />,s,_:ti.„� . a ment and late c es dne unde.r the Note. �-�_
<br /> . prinapal af and int..r�,,-t on the d�,avidented by che Note arecl anY F�P Y � �- ,
<br /> `.� 2. Fnnds for'�ax�a�ad IInsumrate•Subject to appli�hie lav` ot to a written waiver by Lender, Borfower shatI pay to ��
<br /> • Lender oa the day rnonthlY PaYm=nis a�d�under the N'oto,wKil tha Note is paiEi in full.a sum("F�ds")far.(a?Y�iy��
<br /> and assessmems wUish u�ay attniu priorit�over this Securiryr Iasuum�i as a liea on the PropertY;(b)Ycx�r1Y leasehmld payments •'�-.,..
<br /> � or grourjQ re.nts on t�3 Praperty,if any;(c)YeartY Eia7atd ar nmp:�'t3t ins�raz►ce Premiucas:(d)Yearly flaud insuranr.e premiums,. —
<br /> able b Bomawer tu Leasfer,en acso�dvace with �---�s�
<br /> � � if any:(e)Year�9 mortgaae insuranr.�premiums,if azry; aud f�}a,-�l' s+ims PaY Y
<br /> `'' the provisions of paragtuph 8.in lieu Qf the payment of mmt�ge insurance premiums.These items are called"Escmw Items." � �-_:
<br /> . °'' Lende�may> at r�Y�.�1QUYv collect and hold F�mds in an amount not to eacced the maximum amount a leus3er for a fedarally —
<br /> ,.;<;?'•' retated mort�ge�xa msy require for Horrower'��scrow account under the federal Real Fstate Settle�ent P�ocetiu�s Act af �:`_;_,
<br /> ` �,.��%� 1974 as amended tirr��time to time.12 U.S.C.�Qn 260t et sey. ("RFSPA°), unless another!aw t�rt applies co the Funds _
<br />:''°:x;�,� • tame,coIla�:�d t�o1d Funds in an amovnt noi to esc�d the Iessez a�ouat. F �-
<br /> - sets a lesset mnaWrt_ Ef so. L�nder maY,ai anY =--
<br /> _-� •` Lender may estim;t�-+�e amoi�t cr�'Funds dv.e ort the E.�_��currem data and reasorm�sEe estimates of expeadihu�M;it�Wre M�
<br />�; �1:,`,`'.
<br /> �-��� Escrow It�s.or. �' >�' in a+xordattce�*rith app�i�ble E�'. �"..-�
<br /> � .' ;'` • "fi�e Funds � Be he(d in an Institutie�-���:. cf��:ts �e insc*.rpd try a federttf agency, inc,mPritality�or enrity -
<br /> - (intittd€nt°Lender.if Lender is such aa iustitai��i,�s ia�L�exal Homs Loan Bank.Lender sha11�?�the Funds to pay the �:_
<br /> Esc'ra��r Items.I.ender may not c�arge Borrower��t��I�g�applying the Funds.annualIy analyz��o•�e esrcow arcount,ar
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<br /> '� �'.'• verifying the Escrow Items.unless 1-euder pays E�,-�+�vi�s;.�'�st an the Fands and applicable law ger�its Lender ts��ake such �
<br /> ' • a cbarge.However, Lender may require Borrou�.ic tv�ary a one•time charge for an indepensient rea!es'.,�e t�x r��g service F--
<br /> ' .. used by i,�der in coaaecrion with this loan,r.�ess.apPticabte lawr pxovldes otherwise. IINess an. ��ement is utade or [ .
<br /> � ' applicable law nq�eiY+es interest to be paid,Lenc�s�bal!not be required to pay Borrowec any int��:�eamings on the Fw4ds. �
<br /> �� $urrower and Leader n�ay agree in writing, however,tha,t�terest shall be paid an the Funds. Le►ider shall give to Borrower. �
<br /> without charge.an annual acwouadng of the Funds,shoK�.*�eredits and dcbits to tha F�ads and the �purpose for which each -�,-_
<br /> " dehit to the�unds was made.The Fuads ere ptedged as addi�oaal security for all sums si�.^'�ct by tlus Security InstrUment• r'`-=�
<br /> .. . If the Funds t�.�',�by L.ender exc�ed ths ama�nts peradtted.to be het�'hY aPPficable law.Lender shall account to Boirow�r - ,
<br /> �.,.
<br /> � � for the excess Funa€�i.�accordnnce wi4h[he re4'`rtiiTZm�nis of applicable na�a�.If the amount of the F�ivas heid by Lendes at an���'�"�• �
<br /> ' , time is aas suffi�:��o paY the Escmw It�ms w3�►efl due.Le^-der may so notify Borrower in.writing,axrCi,in sach case Borro�:er
<br /> ' � shall.pag:t"v T.endsr We amount cieorssary to make ap ths�ciency. Boaower sha11 make up the defaciency ia no moye than �:_�:._
<br /> . tw�t=;,r.2anthly payjnents,at Lender's sole dis�retion. � __
<br /> . � "Upan paym�ni in full of a11 su�ns se�� by this Security Instcument, Lender shall promptdg sefund w Rorc�nwer any �.-_
<br /> � Funds hetd by L�Z2r.tF,u�der paragraph 21,Lender shalt acquire or sell the Propeny,Lender.pie�s to the acquisition or sale _
<br /> of the�'roperty,s�i apply any P�uads Tietd by Lender at the ti�ne of acquisition or sale as a credit against the sums secured bY d"°.
<br /> „ this S.scy-ity Instr�ent. � ;
<br />. • �. . . 3.Appllca��'�pf�e�.Unlas agplicable law pravides o�ecwise,aU payments received by beader uncl�r paragra�hs
<br /> 1 and 2 shall bs:�p(�ilied: �rst, to any prepayment chnrges dne ander th•'•Note;second,to amounts payabte uadea paragraph 2;
<br /> � • third.to interesc�;fourth,to principat due;and last.to airy late charg��,:e under the YVate.
<br /> ' �{.ChArga;I;fens.Bomawer sha11 pay all taaes,assessments, charges.fives end impositions att�ibutable ta the Propercy �.
<br /> wiurh may attain prioriry over this Security instrument;�dl�eas�hold payments or grauad rents,if any. Borrower s4�a11 pay _
<br />• . th�r m5ligations in the manner provided in Faragraph 2,or if noi paid ln that mnnner.Borrower shaU pay them on time directly . �;`'
<br /> � to t�ta person owed payment.Bonower shail�wampdy fumish to Lender all norices af aznounts to be paid under�his paragraph: --
<br /> � . If Borrower malces these paymenis directly,�zowcr shall promptly fumish to l.ender receipts evidencing thr.paya�ents. �
<br /> . .. � Borrower sha31 promptly discharge any lien whicb has priority over this Securiry Insuument unless Bor¢ower.(a)a�ees in
<br /> . vrriting to th�paytnent of the ob!s.��tion seceued by the lien in a maruier acceptable to Lender:(b)contests in good faith the lien
<br /> � by, or�defends against enforcerr.nt of the licn in. tegal proceedin8s which In Rfl�.E.cs�rler's opinion operate to prevent the � �
<br />' � enforcement of the lien;or(c)secures from the holder of the lien an a3reement sati�C�+iory to I.�nder subordiaating the lien to
<br /> � ' thLs.Secudry Instrument.If Lender detemunes that any part of the Progr��,is subj�ct to a lien wldch may attair�priority over.
<br /> • �`` this Security Instrument.Lender may give Borcower a�utice identifyin;r,�E:iien. �orro�ver shall sausfy ths liea or take one cfi� ..
<br /> � more of tne actions set forth above within 10 days of the giv9*�g of notice. � • ' �
<br /> ' • �. , . ' FaFqn31'� 8190
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