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<br /> TOE3ETHEtt N1TH ail the improvemenu aow or t�re�er erecud on the propeny.azu1311 eas�mants.appur:enaaces.2nd ;`-; .
<br /> • All replacements rand xddiSons shali also he covered b this S�curiry �_'=__ _
<br />.. fixtures now oa h e r e a fter a p a.r f of the P�P�Y• n y . _._�=
<br /> L�t s t:�s t�n t.'•!t cE the fur�o'sng:s tefe�!to in this Sxurit;InsLCtue2nL as the"Frop°•.st�•'
<br /> �'• '
<br /> BORROWEI2 COVENANTS that Borrower is la w f u l ly seis e d o f t h e e s t a t e h e r e b y c o n v e y e d an d h a s t h e ri g ht to grant and �.:.�
<br /> convey the Property siad th�t the Property is unencumt�ereA.except far encumbrances of rewrd. Borrawer warrants as►d cvil! �,,. ,
<br /> ad t
<br /> defea�geaeratty the titte to the Property against all claims and demaads.sut�c.ct to uny enaimbrances of record. � �
<br /> THiS S��URITY INSTRUMEI�iT combines uniform covenants for aatioaal use and non-unifonn covenants with t'united �_ :y_
<br /> : i1�'=:__
<br /> '4.' � variacions by jurisdiction to oonsairute a uniform security insavment oovering real property. ,�.�,
<br /> . �p�1y�pVENp1V1'S. Borrower and Leuder covenant and agree as follows: �.�-----
<br /> �-_'� � a eat an�E E,ste C!�'ges- 8ormwer shaU pmmptlY PaY when due ttte
<br /> l. Faymeut of Princ3pal �d Iater�t � 3'� �'�=;��,
<br /> . principal of a�interest on the debt evidence�by the Note and auY prePaYment and 1&te cE�arges d+ie under the Note. ��.:-
<br /> ���y_
<br /> � 2,Fhatts�or Teses and Inwranoe• SnbJest to apP�icable law or to a wriuen waiver by Lender. Borrcwer shall pay to ��-
<br /> , Lender on the day montWy paY�ccents aae due under the Nate.uati�r�he Note is gaid in fiill,a swn("Fands")for.f�)Y�Y� ��, -=
<br /> . a n d assessai�n t s w d ich ma y attain priority over this Security In�ment as a tien on the Propetty:(b)Yearly leasehold payuzents .
<br /> �'.�
<br /> . or ground rents on the Property, if anY:{c)yearly ha�rd or pmperty insu�ar►ce Premiums:(d)Yea�iy flood iasurance greminms, �,�:
<br /> . . if az►y:(e)YeariY martgage insuxance premiums, i�f any;end ffl anY S�s l�Y�te by Borro�ver to Lender. in aceordanc$arit� �-..-
<br /> , the provisions of paragraph 8,in lieu af tiie payment of mortgaga insurance Premiums.These items are called°Escrow It�ems." �-:.:
<br /> • I.,ender may. a4 any time. collec4 az►d hold Funds in an atnount not to exceed the maximuu�a�sount a leader for a fair3ally �;a_
<br /> relsied mortgage loan m�+re9ui�e for Borrower's escrow account under the federal lteal Estate Settlement Procedures�ct of -_-,
<br /> � 1974 as amended from *T^ to time, 12 U.S.C. S�ction 2601 et seq. ("�PA").unless az►other taw that applies to the Funds �`"
<br /> o.
<br /> ` sets a lesser amaucu. If�I.eader may,at any time, collect aud hoid Funds in an amount not to exoeed the lesser amount. �:�::^''
<br />'�•;'.>�( � Lender may estimate the amaun3 of L�cc�s due on the basis of current data and reasonahie estimates of expenditvres of 5rt�e ^�
<br /> �:::�'g.� with a Sicable law. � ._
<br />;�_,,�.:• Fscrow Items os otherwise in acro�d�ur� FP
<br /> 'i�e Funds shall be hetd in an institutian whose deposits ure incvred hy a federai ;^:,enaY. inwumentality, or�tity �-;
<br /> b
<br /> . . (including Lender,if Lender is such a�r i�stitutiomm)�c in any Fed�eral Hom;e Loan Bank.Lender shal!apply�t��scrow aa:ount or �v:
<br /> C� ` Fscrow Items.I.ender may noi charge Borrower:.r E�aldiag and appiying the Fs�ds.annuaUy analYzing --
<br /> � verifyieb the Escroa+Items•unless I�d�r pays Hoaower interest on the Funds aad applirabie law pet������e sucb �:.,
<br />' � a charge.However.Lender may rea�:se Borrower to pay a ane-ti��t�arSe for an indepencfr�.#real estate tax repo�ag ser�ice �-__
<br /> • • nsed by Lender in connecaon with ttus loan, unless.appli� law provides otherwise. Unless an agreement is made or E:-,_:
<br /> . .. applicab�e law requi�s i�zerest to be paid,Lender shall not be required to pay Barrower any interest or eamings on�he Fa�s. _
<br /> . Bomower and I.ender c�y agree in writing•however, Wat interest sha11 be�;::�on the F�s.Lender shall give to Borroaer,
<br />,_:,.�:... and the pnrp�
<br /> withaut charge,an annual aa;ounti��of the Funds, showis�g cr_dits�nd debits to the Fur�> se for wirieh each �-
<br />';:;-F���.': : debit to the Funds was made.'I`tte F�ads are pledged as addidon:3 s�rity for all sums sect*vd'�y tlu.s S�curity Instrument• .
<br /> >s:�� licable law.I.ender shall account to Bomnwer
<br /> If the Funds hetd by Lender exaeed the amounts permttted w be held by upp' �:
<br /> for the excess Fuads in a000rdance with the requiremenu of ap�►licubte law. Tf th�amauat of the Funds l�eld by Le�der at any
<br /> ," .'�' time is n�*.sufficieni c�gay the Fscrow Items wtien dae,Lender may so notify Borrower in writing,and.�a�u�b c�se B°nower
<br /> shall pe��ao I�ender L'a�anmu�necessary to in�:;c up the def�i�ency. Borraiver shal!m�lse up ttte defic;��.y in no more than �,
<br />.��:r�..-��
<br /> �:�x • twelve monthiy pay�ts,at I.�nder's sole discretioa — -
<br /> Qpon payment irs full of all sums seaured by this Seauity Tnstrumenf, L.ender shall prompfly refund to Be�r�er anY !-'�
<br /> ' Funds held by Lender-I�uc�iler paragraph 21,Lender shsll acqnire or sell the Property,Le�der,prior to the acquis'itSYn ot sale �__
<br /> � of the Pcoperty.shalb.�lY anY Funds hetd by Lender at the time of asquisitioa or sale as a credit agaiast the swns secvred by
<br /> ,.. �... this Security Insuument. �-
<br /> ��=��,...-. ' 3.Agg�r'at[o�of Payaieats.Untess applicable law provides othen�rise.all paymenb reoeived by I.endCr undcr pa�agraphs .
<br /> y �_
<br />'r "'�+ ' 1 and 2 shail be applted:fust. to any prepaymeat charges due under the Note:sacond.to amounts payable under paragrapb :
<br /> �''`� third.to interest due:founh,co principal due:and last.to any late charges due under the Nots. ���
<br /> 4.CErasges;Liems.Borrower shau pny a11�eS,����•charges,fines and impasitions attrii�s:�"�le to the Propet¢y
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<br /> ::;,,., ��•� wWch may atta3n pric�}r over this Sewrity Insuument• aMl Zeasehold payments or ground rents.if e�;v:'�orrower shall pay = _
<br /> ,.;��.,; ....
<br /> �,�`f;? ..:.� th�o�ligations in the'maru►er psovided in paragraph 2,or if nat paid in that manner.Bonower shall pay ttiem oa tiaie directty � �,:- _
<br /> to the person owed payment. Bom�•.tier shall promptly fumish rr,�.ixnder a!1 notices of amuunts to be paid under this paragraph.
<br /> � � If Batra�wer makes th�.�paymems direcdy,Borrower shall prompdy fqmis�to Lender receipts evidencing the payments. �_._
<br /> . � . Borrower shalI�c�ptly discharge any I�en whic6 has prioriry over this S¢�urity Instrument unless Borravver:ta)aS�s�n —_-
<br /> .�s;,. •� wridng r�r the p�y rr�sm.-�f the obligation secured by the lien in a manner acce�l'sble to I.ender;(b?�ntests in good faitP�tfte lien
<br />��"" by,ot dF���1g a$��t enforcement of the lien in, legal pmceedings which in the I�er's opinion opErate to prevent the E;,_�
<br /> '!� � `�' � enforcement of the tien;or(c)secures from the holder af the lien an agreement sadsfactory to Lender subardinating the lien to `�
<br /> this Setvrity Instracn.�at.If Lender determines tUat any part of the Property is subject to a litn which may attain prlority over
<br /> � . this Security Instr�o.'�'it,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or talce one or �
<br /> � � rtrun of the actiana set fonh above within 10 days of the giving of notice. �,
<br /> � . foms 3028 9190
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