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<br /> � � 96- . ��t`; ��- .
<br />� � TOGETHER WITH al1 the improvements now or hereafter erected on the property,and a11 easemeats•aPPurteaances.�d ` • � �� � ` . . .;�:��:
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<br /> �.� fixtuies now �. h2raafttr a parc �f the grog�cy- All reolacements and additions shall alsa be covered by this Securiry _, _ _� _ _,
<br /> � Insuument.All of the foregoing is referred to in this Ser,urity Insm�meat as�e"�rogerty•" . . . -
<br /> i BORROWER COVfiNANTS that Borrower is lavrfully seised of the estate hereby conveyefl and has the right to grant and . � �i.� `
<br /> ,i coavey the Pivperty aad that the Property is unencombered,°accePt for encumbrances of record. Borrower warrants and will ,.
<br /> � defend generally tt►e tide to the Pcoperty against all claims and demands,subject to any encumbrances of record. , . •
<br /> THIS SECUtLTfY INST'RUMEAIT combines uniform covenants for national use and non-uniform oovenants with limited - " _.
<br /> .' variateons by jwisdiaion to consumte a imiform security insaument covering real prop�rty. .:- - ... ; � .—
<br />:;>'.� U1�IIFORM COVENANTS.Borrower and L.en�er covenant and agree as follo��s: when due [h� . . -
<br /> - 1. Paymeat of P r i n d p a l an�b a t e r�; P r e P a Y m e n t a n d L a t e C h a r g e s. E o r r o w e r shall pro m P�Y P a Y , ,
<br /> ' principal of and interest on the debt evi�by the Note and a..^y prepayment and late charges due under the Note. .. __ _.
<br /> 2. F�.nds for Taxes atnd Insur^�rz. �jc�2�xpplicalale law or to a written waiver by Lender, Borrower shall pay co � .o ''•`. ..
<br /> Lender on the day moathlY Pal+menu ar�d�e und�r t�'_Vote,un.til the Note is gaid in full,a sum('Funds")for.(a)YeattS+taxes :.;; A.�'Jl•�,�'.
<br /> � and assessments which may attain prie;zty over thi,s Ssc,nity 1`nstr�ment as a tie�a on the Property; N)Y�ly leasehold Payme�ts ,:�: �` ��:.;_.>:;_
<br /> ' c earl ha�ard cr�:�oery insurance premiums;(d2 Y�Y flood insuranee remiurns. . ;���'�'s.;: {�;..',: .,•�
<br /> or ground rents on the Property,if a33;( }y Y p ���.• � . .. _�
<br /> ..:%3:
<br /> r.�S: ': ::i:=:
<br /> _• if any: (e}YeariY mortgage insurance premiums, if anY>a�1� a.-r:surr�Fayaole by Borava�-¢r to Lender, in asxordance with ---_-_.",: �, .�,,.�,
<br /> ;�. .,_-=
<br /> of moa �°�-,�ran_sP ��ums.'I�ese items are called'Escrow Items.° -:=���.,sm--: 8..
<br /> ° the provisions of paragraph 8,in lieu of the payment g".�- F -*<�'•�-� ...�.
<br /> :t..�.-
<br /> Lender may. at ai►Y r.�e. colLect and hold Funds in an amount nat to ex�fe�e maximum amount a lzader for a federalty • ...,�,...�.:�:�__
<br /> related mortgage loan may require for Barrower's es..^row account under the:�iaial Real F.state Settlement Frocedures Act of .;.,,.� ,•,�a',,: -
<br /> � 1974 as amended from time to time, 12 U.S.C.�on 2601 et seq. ("RESPM"),unless another law that applies to the Fnnds i_.,,�.y ''.: �'.
<br /> ��; sets a lesser amount. If so, Lender aaay, ai any �e,couecc and hold Funds in an amount�ot to eaceed the lesser amount. . _ , �;�
<br /> �i L,ender may estimate the amount of F�ds duQ�a��e basis of current daia and reasonabte estimates of expenditures of future . ._ ����`. ---
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<br /> ,',f�i� Fscrow Items or otheravise in accordance w-�.��le law. • ' or enti '-, ' : `•�° � .
<br /> . •� b a federal w�tY, tY _ _--. . ?.:�.�r �:.�,
<br /> The Funds shall be held in an instia==-a����se deposiu are insured Y ��' 1 [he Funds to pay the . `
<br /> (inc lu dir.�L e n der.i f L e n d e r i s s u c h�i n s t i m t i c~;��:i n a n t"-v d;r a l H o m e i.oaa Bank.Lender shall aPP Y '.���;"�` ��.
<br /> .1 .M not char��orrower for hald:a��apP1YinS the Funds,annually analyzing the esctnw aooaont,or �4;r ,'��i'�.'i;..":5��..
<br /> Fscrow�..�s.I.ender may t �p � .. �'�` "`� ' :�,.:.
<br /> --:.,.''. ,r.-w"
<br /> .. verifying the Fscrow Items,unless 2�:der pays Borrower i�*�es:on the F w t d s an d l i c a b le la w t s I x u d e r tIO�m a k s�� r�,�- •• ., ��;;�
<br /> m ds ��
<br /> t real esta2e tax repo 8 `',.'�. 4�. :; _'-
<br /> e far an ind �`;,:'' � —
<br /> a charge.However,L�.der may require Borrower c+�pay a s-:z-�e charS �a� � ,. •: ��<:�: .'-
<br /> used by Leader in oc�ction with this loan. uul�s aggi;�:e law pr�vides otherwise. Unless an agreemeat is made or _ , ;��.,_,� :a,c,�:��,:,.,�,•
<br /> gs on the Funds. `<���`•. +"� '
<br /> .. apPlicable law mquirzs iaterest ta L��aid,Lend�'s�all not i�raqiired to pay Borrower any interest or eamia �. ..,..t�.,,�L:�
<br /> ..:T.��,r` � f ,'
<br /> however that i�:'..'r:st shall be paid on the Funds. I.eader shall give t�Borro�er, n.•a,� -�,;j•�;':�..
<br /> • Horrower and Lender may agcrP��'�in8. • �
<br /> � without charge, an annual acca�m�"�of the Funds,showing ccedits and dehits to the Funds aad the purpose for wb�ic�each
<br /> �•,•�.
<br /> debit to ihe Funds was roade.T�.Fusds are Pledged as addirional security for all sums secured by this S�curiCy Ins�ument• .,r . t����::`c;s•
<br /> � ��.r.,..,.
<br /> -����%� If the Funds heid by I.end��tceed the amaunu permitted to be held by applicable law.Lender shall account to Bomnwer t�� �
<br /> f�,.�;, �„' ,
<br />,;,_;��;; fer the eacess Funds in accordacc:vnth tha reoN�menis of applicable law.If the amount of the F�nds held by I.ender at�}r ; ,;�.:;.
<br /> " : 7r-: ;-___
<br />��'� � time is not sufficient to pay the Escmw Items when due,Lender may so notify Boaower in writing,and.in sac1�case BoTI°v�'er ' ' _ `;:�,;:�,
<br /> shall pay to Lendet the amount necessary to make up the defciency. Borrower shall make up the deficiency in no more than %• •
<br /> .: � twelve montlily payments.at LRnder's sole discreuon. ,� .;�—� -
<br /> . Upoa payment in full of all sums secured by this Securiry Insmimest. I.ender shall promptly refund to Bonower any r, ._..... .�,
<br /> Funds held by Lender.If,under paragraph 21,1�ender sha11 accNue ar sell thx Property,Lender,prlor to the acquisidon or sale . -.�
<br /> of the Pcoperty,shali apply any Funds heid by Lender at the time of acquisition or sale as a credit against 4h�e sums sec�ted bY �-------.�
<br /> --.�-�_�—._,
<br /> tLis Sccurity Insuument. .�"�,`���;-�,;
<br /> • � 3.Appucatloa at Payments.Unless applisable law provides otherwise.all payments received by I.ender�mder paraBraP2
<br /> �.�;�?:��.:__—
<br /> .. i: 1 and 2 sUall be agyti�,t:first,to anY P�P��charges due under thz Note; second,to amounta payable nnder paragrap _ !_��;;
<br /> ��..,.,�_.._.:..--. .
<br /> -��� third,to interest due:fourth,to principal due;a�nrl:azt,to any tate charges due under the Note. �,;�;,�,��,,,
<br /> •, ' 4.CLar�es;Lfens.BoaoR-ez shall pay all taxes,ass�s�ants,cbarges, fines and impositions attributable to th$Propesty , - -
<br /> •=�'�.-.
<br /> wluch may attain prlority over r�aas Securlty Instrument. a..�leas�hold payments or ground renta. if any- Boaoaer shall pay t � T _ __,_.
<br /> �. ' these obligations in the manner pmvided in paragaph 2,or if nnt paid in that manner,Borrower shall pay them oa time directly .Y`�.:' :.: ? .;,,;,� � .
<br /> to the person owed payment.Boaower shall prompdy fumish to Lender a".d notices of amounts to be paid uuder this paragapb• ,. s;.,,.�_:�
<br /> _•a�n�_�.�
<br /> � If Borrower makes these payments d'uectly,Bc�rower shall promptly fumis�to Lender receipis evidencing the payments. - :�..
<br /> � Borrower shall promptly dis:Yarge any lien which has prioriry over this Sec,urity Ia9tNmen�unlesg Bon°�+er: (a)agcees in _,� .,
<br /> � ..' w r i t i n g t o t h e pa yment of the o's'.s g arion secuted by the lien in a manner acceptable to l�es►der;(b)contests in good faith the lien ;t �,,._._��:::; .,;.`..'
<br /> ;;�, •�«. .
<br /> ` by, or defends against enforcemeat of the lien in, legal pr o c e e d i ngs w h i c h in t he 1�e n d e T�s o p i n i o n o p e r a t e t o p r e v e n t t h e ,y��„��1,� ,. ��- .,
<br /> ' , 7.f.,.,�.:...: ,•�.�
<br /> . '�r� enforcement of the lien;or(c)secures from the holder of the lien an agto.�ent satisf�scory to Lender subordinating the lien w .� �,�1,..., a.;���;;.
<br /> �, w,iv �.
<br /> tbis Securiry Insuument. If Lender determines ePi:at any part of the Prope�sy is subject to a lien w4uch may attain prioriry over ,,i. ������,�',, .
<br /> . ,,:
<br /> �5���` _._
<br />,:�.; .. ,� this Security Iestrument.Lender may Sive Borrower a aotice identifying the lien.Borrower shall saristy the lien os take oae or ` �' �;y„�
<br /> of notice. '�� .t i�-�i,;,� '
<br /> � more of the actions set forth abo�re within 10�ays of th�giveng •��r,+-,�..
<br /> . . Fotm 8 2�8 9/9a ' :' '.' _�;',�"_�'
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