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<br /> TO�ETHER WI7'H al!the improvements noK ar hereafter erected on the property.ar�d all easements,appurtenances.and �`�
<br /> fiawres now or hereafter a part of the property. All repFacent�nu and additions shall also be rnvered by this Securirj� ��__� �
<br /> . Instrument.Ali of the foregoing is rcfcrred to in this Security Instru�nent as th�'Property•' �;n;
<br /> BORROWER CnVENEiNTS that Bumnwer is IawfulEy seisai af the estate hereby conveyed and has the right to grant and '•
<br /> • _�,;
<br /> convey the Property and that the Pruperty is unencumbemd, except far encumbrances of record. Borro�ver�varrants and wil� ,, T.
<br />- ` def�nd geaterally the title to the Property against all claims and demands.subject ta any encumbrances of record. ;;�¢ ,
<br /> THIS SECUftITY MS'iRiJMENT combines uniform eovenants for natiortal use and non-unifonn covenanu with�imit�d �.�__
<br />� vnriations by jurisdiction to constitute a uniform security instromeat covering reaf property
<br /> ��,.:�,r�,�.
<br />` � UPIIFORM CUVENANTS.Borro�ver and Lender covenanc and agrex as follows: :��;:;
<br /> 1. �a;meat o� �cipal aurl Interest+ PrePaY�artent and a.ate Charges. Borrotver shall promptly pay when due dtc __
<br /> �� principai of and interest on the debt evidenced by the Piote and any ptepayment and late charges due under the Note. „::z�"'=.
<br /> 2. Funds far'd'axes aud Insarnetce.Subject to appli�ble law or to a written waiver by l.eader. Borrower shall pay tc� -__F_ _
<br /> ez-rn��
<br /> � Lender on t6e day mvnthly paymenu are due under the Note,until the Nota is paid in fuU,a sum("Funds")for:(a)ye�uiy tax� �,�_._,.,_•
<br /> and assessmenu wi�ich may aunin priority over this 5ecurity Insuuanent as a lien on the Froperty:(b)YearlY leasehotd paymenw -"„�,s:,.
<br /> harard or ro inswance remiwns:(d)YeartY flood insurance premium�. �'4iC1 �
<br /> or grotutd rents on the Property,if any:(c)Y�Y P PertJ' P �'-
<br /> � if any:(e)yeariy mrngag�insurance premlums, if any;and(fl any sums payable by Borrower ta Lender,in accor+dance witfi� A .r°�
<br />• the pmvisions of pucr•�aph 8.ip lieu of the payment of mortgage insurance premiuras.These items are called"Esemw[tems." .'>.<,.�..•
<br /> l.,ender may,u any time. oollECt and hold Funds in an amount nut to excced the max4mwn amount a lender for a federa.lfy :-,r,��4..
<br /> relut�mortgage loan may mqui� for Borrower's escrow account under the federal Real L-state Settlement Procedures Att o� - .•,
<br /> 1974 as amended�-om time to tim,,t2 U.S.C.Sectien 2601 et seq. ("RFSPA"), unless ar.other la�v rJtat applies to the Fuuds ��_:`r���-_
<br /> •�s." sets a lesser amount. If so. I.ender may, at any time, collect and hold Funds in an amount not ta eT�eed the lesser amoun� ��t:...
<br /> f�;Y—,
<br /> Lender rr�ay estimate the amount of Funds due on the basls of current data and reasonal�le estimates of eupenditures of fuwre �'�:rt�`4:
<br /> F;• '�.;
<br /> Eszraw Ytems or otherwise in acrnr•lance with applicabte law. ,;d� k;`:
<br /> -- "fhe Funds shaji bc heid in m� iu�litution whose deaosits arc insured b} a fc�.::� agency. inctn�memality. or enti,'cti �<�'�:�;
<br /> -�---
<br /> ` (including Lender,if I.ender is such an institution)or in any Federal Home Loan Banlc.ii.ender shall apply the Funds to pay th.a �,,,
<br /> • Escrow (tems. Lender may not charge Borrower for hotding and applying the Funds,annuaUy analyzing the escrow accouat,or =�__
<br /> . verifying the Escrow Items,unless Lender pays Borrower interest on the rnssrls and applicable law permits Lender to make sucP� �� ��_
<br /> a charge. Ho�vever. Lender may require Borrow�r to pay a on�-time ch��e ior an indeper�ent real estate tax repor�sg ser�'ice �:;,;;,�
<br /> u..�. hy Lender in connection vrith this loan, untess applirable law• avow-ides otherwise. Unlcss an agreemerst is ma�e or �,
<br /> ..�� appl[�t�te law taquires interest to be paid,Lender shall not be required:a(_�y Borrower any interest or earrrings otr:tf3r Puada.
<br /> . .� Borrower and Lc,1�-ma.y agree in writing. however, that interest shat!I;��aid on the fiunds. Lcnder sha11 give ta L�urrovrer;
<br /> ,4� without charge,aro�nnual accounting of the Funds, showing credits un�debits to the Funds and the purpose for�ftich ea�ii � ,;�.�:,.�
<br /> debit to the Funds was made.The Funds are pledged as additional security far all sums secured by this Sec�rity Inshwn�n� Fi�����,
<br /> � - �'�� If t6►e Funds held by Lend:s exce�ed the amaunts permitted to be held by applicabl�Iaw, Lender shall account ta Botrovrer ?'�rr+'
<br /> ��..s;r<<;��.�, for the excess Funds in accordance with the requiraments of applicable tativ. If the amount of the Funds held by Lender at air!• _
<br />' '"" time is rtot sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such case Bosrawet- -����
<br />;;t:;�.`�.
<br />'t:i���;t: shall pay to l.end'er the amount necessary to make up the deficiency. Borrower shall make up the defcciency in no mos.,t}isi�i • ? =-_
<br /> - � ;ta�
<br /> •. nvelve raonthly paymenu.at Lender's sote discreuon. —
<br /> ' ;�;�� Upon payment in full of all sums secuted by this SECUrity Instrument. Lerzder shall promptly refund to P.rsrrc��ver a..n.*� �--_--
<br /> `l��• Fnnds held by Lender.If,under paragraph 21,Lender shall acquire or sell the Property.Lender,prior to the acquiiuLsn o:stste ----
<br /> of the Pr+operty,shall apply any Funds held by Lender at the tlme of acquisicion or sale as a credit ogainst tf�e wrm s�eur�ed�y �
<br /> � � this Security Instrument. `
<br /> �• 3.Appltcation of Payments.Unless applicable law provides othenvise,all paymenu re¢eived by Ixnder wrsi�.r�ara�dnpha '�;s��;�n;
<br /> ' 1 and 2 shall be applied: first.�T�any prepayment charges due under the Note;second, to amounts payable under�agsa�h��: �;;�<•
<br /> � third,to it�terest due;fourth.te�rrincipal due:and last.to any late charges due under the Nota. • ""'"''-
<br /> �'!:. '.
<br /> ,� >`,�;� 4. Chs�rges;Ltens.Borrower shall pay:!!taxes,assessments, charges.fines and impasidaas.;a'vibntflbte to the Pi.tipat�t
<br /> �� �;= which rrtay attain prioriry over this Security fnstrument, and Itasehold payments or ground rents. if any. Bocrower shAlt pny,
<br /> ;' these obtigatinns in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time d+.rect�y
<br /> . to the person owed payment.Barrower shall promptty fum'r.W�to l.cnder all nouces af nmounts to be paid under this paragraph.
<br /> • . If�oaower makes these paymems directly.Barrower sha1L rr�mptly fumish to Lender receipts evidencing the payments.
<br /> �-:;..
<br /> • • Borrower shall promptly discharge any li:ai which has priority ovei r4is Security Inst�ument unt�,Ms Borcower.(a)u�ee.in• o.,,,,�.
<br /> � writing to the payment of the obligation secura�by the lien in a mann°r sc�table to Lender:(b)c�r.t,:�ts in gaod faidt tSto lidn F� '�""
<br /> �:_:-:.:.
<br /> ' �i: by, or dcfends agninst enforcement of the lien in, legal praceedings r•st�icd� in the Lender's opiniun operate tn prevent.the ,,-
<br /> � enforcement of the lien:or(c)sacures fram the holder of the lien an agreement satis£�;ory to Lcmder subordinaping the 1'vEn to �}��;
<br /> ,��{� this Security lnstrument. If Le�3er deeermines that any part of the Property is subj�co a lien which may attain proranf avet ,',�,�•,`�.;
<br /> �5 this Security lnstn�ment.Lender may give Borrower a notice identifyin�the lien. Borrower shall salisfy the lien or take onn or '—
<br /> ;�;� more of the uctions set forth above within 10 days of the giving of notice.
<br /> ..tl��'�?�� Furm 8038 9i90 �.°.._
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