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<br /> I TOG�THER WITH nll Iho impnsvcmenLS now on c�rcaitcr crcctcd on d�c properry, and nll casements. nppurtcnnnccs, and " �_`
<br /> � fiatures now on c�rc,aftcr a part of Ihc property.NE rcplacemcnts fsnd ndditions shell utso be covcrcd by this Sccurity Insvument. i
<br /> I Atl of Ihc forcgotng is rcferrul w in this Sccurity Inswmem as the"Property.”
<br /> J BORROWHR CQVBNANTS that Bonower is lawfully scised of the csmte hereby convcycd and has thc night to gmr►t and , . `:�
<br /> � eonve th�Pro rty cu►d t�nt the Pro rty is unencumbered,excE t for encumbranecs of r�ord. Borrower warran6v cuid will
<br /> � �ete:id generally ttte tide to the Pra�crty�nlnst all cl�ims end demands,subject en any encombranees of record. Y�
<br /> � THIS SECLJRITY INSTRUMBNT combines �nifo�rm covenents for nadonal use and non-uniform covenanes with limited . .
<br /> � variations by jurisdlction ro consdarta n uniform sccurity instrument covcring rcal property. . .. •
<br /> UNIFORM COVEIVANTS.Bonowcr ond Lender covenant and egree as follows: -
<br /> ' 1.Payment of Principal and Interest;Prepayment ond Late Charges. Borrowcr shuil prompdy pay when duc thc ,
<br /> � I principal of and interest on the debL evidenced by tha NoLC nnd any prepuyment and lnte charges duc under the Note. _
<br /> 2.Ftiads for Taxes nad Insurance. Subjcct to applicabic law ar to a wrluen waiver by Leader, Bortower shall psy to
<br /> I.cndcr on U►e day monthly payments arc due under�he Note,undl the Note is paid in full,a sum("Funds")for: (a)yearly�axes �'�`• _
<br /> and assessments whfch muy aunin prioraty ovcr this Securiry Instrnment as a lien on the Property;(b)Yearlg+Icaschold paymenu "'`� �
<br /> or ground rents on the Pcoperty,if any;(c)Yearly hazard or propeity insurance premiums: <d)Yearly flood insurance premiums.if .._�_'`��'��
<br /> � any; (c) yeariy mortga�e insurance premiums.if any;tand(�any sums payable by Boreower to l,ender,in accordance with the �:-•T..;
<br /> `� 1;'�•7yk�t•
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insurance premiu-ns.These items are called "Escrow Items." �,�_�-_'.'---
<br /> Lender may,at a�ry dme,collect end hold Fands in en amount not to eaccced the manimum amount a lender for a federally relaned �
<br /> mortgage loan may require for Bocrower's escrow account under Ui�fecleral Real Estat� Setttement Pco�educe�Aet of 1974 es . ,_ __- -
<br /> ' amendzdi from time w tlrne� 12 U.S.C.�ocdan 2b01 et seq. ("RESP�'1")�un!ess anothca l�w thrt Pppli�,s tn the Funds sets a lesscr � _�!�":� _
<br /> amounG If so.I.�nder may, at any time,collect and hold Funds in an t�mount not to sxceed the lesser amount Lender may =�-�:;_..4��:-
<br /> ' esdmate the amount of Funds due on the basis of curtent clata tutd reasonable estimat�.s of expendiwres of fuwre Escrow Items or •�'=�-;oo:---�
<br /> ot�erwisc:in accorda�sce with applicable law. '.�,�,s,f�i.- .
<br /> �' 'ltia Funds shaU be held in en institudon whasc de sits ere insured by a federal a enc ,instrumentali or endty(lncluding . �;"'�.:�t�"�
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<br /> � Lendu, if I.endr.r Is such an instiwdon)or in any Federal Home Loan Bank. Lender shall apply t he Fun d s to pay t he B s c row ''.�,
<br /> Items,Lender may not cAarge Boaower for holding anB plying the Funds,annually enalyzing the escrow account,or verifyang �x��'�����
<br /> aP ,:r;?A'�!"s�---
<br /> , � the IIscrow Ieems.unless L.ender pays Bonowea interest on the Funds and applicabie law per��iits Le�der to maLe sach a charge.
<br /> � However,L,ender may require Bormwer W pay a one-time charge for an independent real estate tax reporting se,rvlce usecl by ,
<br /> Lendu�n connecdon with this loan,unless applicable law provides otherwise.Unless an egreement is made or appllcable lnw
<br /> --, requires incenesc io as paiu.Lu�d���sSt r����:eyu�-�d to pay y�„ xr,r any L�tex�°t or�r.;�Q.n the F��c.RnRr►wer su�d —t=.-.
<br /> �. • Lender may egree in wridng.however.that interest shall be paid un the Funds. Lender shall glvc to Borrower,without chnrgc,an
<br /> �� annual accounting of the Funds,sliowing credits and debits w the Funds and the purpose for which each debit to the�unds was
<br /> ' f� mada,Tha Funds are pledged as eddiaonal security for fill suma secured by this Security InstrumenG �
<br /> , ,_�. ,� If tho Funds held by Lendcr exoeed the amounts permitLed to be held 6y agpllcable Iaw,L.endcr shpll sccaunt w Boaawer for
<br /> �� ���` the excess Fands in accordance with the roquirements of appllcable lu�v.I[the amount of th�Funds held by I.ender at any dme!s �
<br /> . .,;'`:r'':;`s,,i _.
<br />� �.,,;,;� , nat sufficicat to pay the Escrow Items when due,i.ender may so notify Bosrower in wtiting,end,in sach casa Sonorrer shstll pay �•-
<br />- w I.ender the amount necessary w make up U�e defciency. Borrower shall meke up the deficfency in no more than twelve �:
<br />•� . . monihly payments,at Lender's sale discreaon. �
<br /> �•'•': ' Upon payment in full of all svms securecl by lhis Securiry Insuument,Lender shall prompdy refund to Boaower any Fti►nds
<br /> . , �s"s;�i;�;i :, held by Lender.If.�nder paragraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or sale of tha .�
<br /> ` " "'•' Property.shall apply any Funds held by Lender at the dme of acyulsi�on or sale as a credit egainst the sums securetl by €his �'°�
<br /> 4�.'r�.�<;:,�ri:;`i. �
<br />��;„�,..,� ,ti.;,� : Sccudty InstramenG —
<br /> -:;-;.+�.w•�..:_•,;,,; 3.Applkatbn ot Payment�. Unless applicahle law provides othenviss:,all payments received by Lender under pare�raphs __
<br />- �•:.`;',-�':: i and 2 shall be appliecl:first,to any prepayment charges due under the Note;secand. to emounts payable nnder�u�graph 2; _
<br />;�,� �"�:j;.- .. third,to interest du•;fourth.to principal due:and last,to any late charges due under the Note.
<br /> 4.Charges;L1ens. Borrower shall pay all taxes,assessments, charges, fines and imposidons attributeblc w the Propacty __ -
<br /> _ - • `'r� � which may attain priorlty over this Seciuiry Instrument,and leaschold paymcnss or ground m,�ts,if any.Bonower sh�ll pay these �,_--_--- _
<br />_�s;�.',� � obHgaaons in the manner provided in paragraph 2,or if noi paid in that manner,Borrawer shall pay them on time directly to the �__-
<br /> _ r:}u..=,= person owed paymeill..,�o�wtr�atl prompdy fumih to Lender all nouces of amounts to be paid under this paragraph. If �::-
<br />=T`�"•"--��•��° Borrow�r m�-ikes thesk!pa�#�atLY dy,Barxower ahall prompdy fumish to Lender receipts evidencing the paymenty. � ' ___
<br />---�`'`-..,.,, � Borcower sha21 prompdy discharge any lien wluch hss prioriry over thLs Security Inswmeat unless Borrower: (a)agrees in �`v _���
<br />*�'`"� �"•� �, . writutg to the payment of the obllgadon socured by thc lien in n mannet accepmble w Lender;(b)contes'�s in good feith the lien ��---��,
<br /> by. or defends against enforcement of the Gen in, legal proceedings which in the Lender's opinion apera2e to prevent the �`"���"'�"'�"��;:
<br /> ' �� en�rorcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lcnder suborilinnting the lien to .•T�� ��,;,,
<br />�- ., p ' this Securiry Insinunent If Lender detennines that eny par�of the Property is subject to a lien which may auain priodry over this ::as.-� �ti� •:� �,
<br /> - � 5ecurtty Instrument,Lender may give Borrower a noUica idendfying the licn. Borrower shall satisfy the lien or teke one or more ����.�;�_
<br />� �, '•r.�:.;;;::,��:•�..;:
<br />= of tho acdons s�t forth nbove widiin 10 days of thc givrng of notice. : .?f �.
<br /> " ' Form 3028 ¢I90 '���"�-�`-' •
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<br /> ' �•eR(NE)�osiz�.o� r.y.zote inisiar . . . . -_ �
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