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<br />" TO(iET}i�t W[Tl�t alf the improvem�nts now�h�rea8er ea�d on t�e pmperty.and al!easements.���and �:�
<br /> ' ftatures now or he�eafcer a part of the property. Aq replaaemCtrts and add'itions shaU atso be covered by this Securiry —
<br /> ' Iustrument.AU of t�e foregoin�is rEferred to ia this Security Instrument as the°Property." --
<br />, SE?RR�WER COVEPIANTS that Borrower is lawfully seised of the estate hereby rnnveyed and has the right to grant and
<br /> uonvey the Property aad chat the Property is unenarmbered.exsept for encumbtances of record. Borrower warrants and will �==
<br /> •�� ��' defend geaera:Iy the tide to tha Prope�ty agaiast all claims and demands,subject to any eacumbranoes of record. �"=`
<br /> THIS SECURTTY INSfltYJM�NT oombines unifarm oovenanu for national use and non uniform oavenanis arith limited -
<br /> _--- variations by jurisdiction W constisute a uniform security instrument covering real Ptopert3'• —.�
<br /> UMFORM COVENAN'T�.Borrower and Lender covenant aud a„�ree as follaws: ��
<br /> �� E`"• ;.
<br /> L Pay�! 04 P�gs!s�utl Iit3i�t; ��t� a�s� ��te C�rge.s. Borrower shal!prompdy pay when dac the
<br /> principal of and inierest on the debt evidenced by the Nute aad any prepaymeJSt arcd late charges due under the No� @
<br /> �
<br /> �. �nads f�r Taaes aud t�*�*+�Subjecx to a}rnlu�LGY law or to a vrritten waiver by Lender.Bormwea�s�"•.I pay to �r.
<br /> .` f.�^.�tria tIte day montlu�Y Pa3+ments are due under the I�c(s'..,rt�3 the Note is paid in�ull.a snm(°Funds')for.(a)���s�s �'_
<br /> . � „usf;s�sa�s���ch��ay aitain priariiy over this Se�atc!:13�rament as a lien on the Froperty;(b)Yearly leasehoid paymeats —
<br /> _ a�g��s�aa�e Properry.if any;(c}yeariy hazar�c��opPaty insutance premiums;(�Year1Y flood insurance ptemiums. —�
<br /> if znvr Ye)Y�Y��Se u�suiance premiums. if aay;as�{�any sums payabte by Borrower to I.ender,in aa;ordanoe with
<br /> ,� .��r the provisions of pamgrapb 8,in lieu of the payment of mortgage Insutansx prerniuu�s.Z'hese items are called"Escxow Itecos.'
<br /> Lender iaay. at a�r time� eollect and hold Funds in an arnount no3 to eacceed the maximum amoupt a lender for a federaUy __
<br />.. ._ celated mortgage lnan may require for Barrower's escrow account uader the federal Rea!Fstate Settiement Procedures Ast of
<br /> � 19r/4 as aa�eaded from time to ticne. 12 U.S.C. Section 2601 et seg.("RFSPA").unless another law that applies to the Funds �
<br /> ' scis a lesscr amaunt.If so.l.ender may. at any time. coflect and hold Funds in an nmaunt aot ta exc�ed the tesser ar¢wunt. �'�
<br /> ' ' t.cnder may esdmatc the amouot of FUrtds due on the basls of current data and re�sanabie estimztes of expenditures of future —
<br /> . Escraw(tems or Qtherwise in arcarduncc with npplicable law. -
<br /> � ' The Funds shail bc dctd in un Institution �vhose deposita are Insured by o federal ugency. instntmenuility. or entity �-
<br /> (inc(uding l.ender.iP l�er is surh an instltutl�n)or in�y Fedetal Harne Loan Bsnk.l.et�der siiell�►pty tke Funds to pay the
<br /> �row Items.Lcndcr may nat charge Barrawer for holdin�und applying the Funds.annually analyzin�the escmw account,or �
<br /> ' verifying the EscraVv itcros.untess Lender paya Borrowcr intenst on the FunQs end ayplicabte!aw permits l.ender to�nake such � :
<br /> o charge.Howev�r.Len�et may require Bomower to pay a oae�time charse for�sn independ�nt real estate tax reporting sezvlce
<br /> ' : usM by .Le�er in conr�ection with this loan. unless applicabte law provides otherwise. Unless an agreement is made or �
<br /> appli�ble l:iw requires intemst to be patd.Lendet shall not 6e required to pay Bozrowes any interest or eamings on t6e Fands.
<br /> :— �- Bocrowet ano i.ender may agree�n wnting,Qoarever,that interest sitaIi oe paia on the�runds. i.ender snail give io avrrowcr,
<br /> arithont cha:ge. an annnal axouating of the Funds.showing credits and debits to the Funds and t[ie pnrpose for which each �==
<br /> de6it to the Funds wa�made.The Funds are pledged as additional security for all surns secured by td�is Security I���ent.
<br /> '.'. - • If the Funds held by Lender ea�ceea the amflunts permitted to be he!d by applIcabte law,Lender sha11 accou:t to Aorrawer
<br /> � far the�excess Fuuds in accordaace cvith the reqnirements of applicable law.If the ainount of the Funds held by t�der at atty c
<br /> � time is Qot sufficfent to pay the Escrow Items when due.I�ader may so natify Borrower in wri6ng,and.in sach�:.Borrower ���'
<br /> • • shall pay to t�ettdet tite amount necessary to make ap the�ficiency.Borrower shall make up the deficieacy ia crc� more than _
<br /> . twelve monthty payments,at Iander's sole discrzbioa. ' .� .
<br /> Upon payment in fuU of all sums secu� 6y tdiis Security Instrument, L.�nder shall promFtly refund to�orrower any `_
<br /> '� Fuads held isy Lender.If,ander paragtaph 21.L��:r�ail acqaire or sell the Property,Lender,pr:ra co the acquisitioa or sale
<br /> • � Q€uca��roperty,shall appty any�nnds held by beader as tik,:time of acquisition or sale as a credit a�ain,t tt�e a:�s seeured by ��
<br /> a� .
<br /> th:'s�curity Instrument. �Y '
<br /> •� 3.Appli�an of P�yments.Unless applicai�le law�r�vides otherwise.aU payu�ents received 6y I.endes ur��aragraphs .
<br /> '�-'',{.'- �,�,.`
<br /> . 4,4� . 1 and 2 sha11 be applied: fust,to any PrePaymont c6arges due qndsr t�,:.E���te:second.to amounts�.�yable under paragrap�2�:
<br /> ,;;. ihir�3.io iai�si auo:iwriu.tu pri�Rtyat utic:ar�d i�.;t.i.ti aay 1&t�,et�s.��;;�3u6 u�dEr ih?I+�o�. _ -__
<br /> ' �.Gha�ges;Utas. Borrower shail pay a11 taxes.a:�,:.�ments.charges,fines and impositions�tribntable tm:he Pro�erty
<br /> . _ wt�ch may attain priority o�er this Se.cusity Instniment,�.leasehold payments or ground rents. if�aay. Boprower shall pay ��
<br /> . these obligations in the manner provided in paragaph 2.ca if rrot paid in that manner,Boaower shai6�*ay them on time directly
<br /> • ao the person owed payment.Borrower shall�z�►pdy famish to Lender ali nflticQS of amounts to L��pued under this pacagraph.
<br /> ,`_-�°.� if Borrower maires these paymeats directiy,fi�rn,wer�t�a�,4�.:rompUy fumisi►to Lendes receipts evi�r�ccig the payments. �
<br /> Borrow�r shall pcomptly discharge any lien wIuch I�ririority over this Security Instrument�n:ess Bonow�:(a)agrees in
<br /> : � wriring to tite payment of the o6ligation secuced by the 6��:��a manner acaPptabte to�der;(b)contests in gaad faith the lien
<br /> �' by, or defends against enfonxment of the i'sen in. leg.�; proceedings c.hich in the Lender's opinion operate to prevent the
<br /> �..�'i`� enforeement of the lien; or(c)seaues fron dt,�9�older of the lien un agr9ement satisfactory to Lender subordinariag ch�.tien to = _
<br /> . � � Unis Security Instrument. If Lender determia�s L�at any&art�f the Praperty is sublect to a tien which may attain priorlty over
<br /> . . � th:s Security Instrumeat, Lender may give Ecrc�wer a a�uos ideatifying the lien.Borrower shall satisfy the tien or take one or ---
<br /> �''i �t of the acdons set forth above within Ib�ays of the gs�ing of notice. --�
<br /> •..� Form 3028 9l90 —
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