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<br /> � ,. . ! 'DOGEI'I�R WITH aU the improvements aow or dereafter ereaed on the PmpenY,and all ea�uts.� and :` :�' ,: �
<br /> � `�,� fixwie.v nnw ar h�after a part of t6e PiaPem+.All replaoements and add'uions shall a l s o i s e cov e�e d by t h i s SecUrity I n s a u meat
<br /> . : ::r All of the foregoing is refeaed to in this Se�auity Inst�amPnt as the"Propeny." . ...
<br /> ` � � �_ BORROWER COVENAN'TS thai Boitower is lawfi�Ily seised of the estaie he�eby conveyed and ttac the right to grant and � ,'
<br /> -, . coavey the Property and tbat the Propezty is unenaimbe�ed,e�ccept for euwmbrances of cecord. Bonower waaants and w� �
<br /> .�_ - -- - defend�eially the tii2e Do the Property against all claims and d�mand.s,sub;ect w any eucumbrances of record. - -_._-y__ '_-
<br /> :� . . - :�:� TEIIS SECURITY INSTRUMEMT combines�mifoim covenants for national use and non-�miform covznants with limited • < � . ,.
<br /> . + variaunns b to camsmute a nniform instrume,ait cove,riu ieal t�-, ..
<br /> .. . Y J�n s�Y S F�P�Y•
<br />,-t;,. . UNIFORM OUVENANTS.Bosmwei and Lendrr cove�ant and agree as follows: _ ':,
<br /> �..
<br /> ` L Payment of Yrindpat�d Inte�es�Prepapment aad Late Charges. Bormwer sf�all P�p�Y PaY when due the . • ,
<br /> � � princ�pal of and'mLerest an the debt evid�ced by the ivote and anY P�Yment and tate charges due under the Natc. . .. _
<br /> . . . . ��ds for Taxes and Iusarance. Subiect to applipble law or w a written waiver by Ix.nder,Bormwcr shall pay m -
<br /> - L�der on the day monthlY PaYmemts are due amdra the NoLe,�mn7 the Note is paid'm fa11.a svm("Fwnds'�for:(a)Ye�IY�xes �., f-_-.-,
<br /> and asse�smentg which may attaia priority ovea this Security Ins�nmme,at a�a liea�on the Propeaty;(b)Yearly leaschoId paymeats , ` ,�:_- _ _
<br />- or gmnad rems on the ProP�Y.��Y+�c)Y�Y��T P�Y��reinn�ma;(�Y�Y flood�ce ptemiums,if ;4��-��
<br /> - �Y:(e)Y�Y m�e"'�`=P�•��Y.�(��Y�PaYabls by Bmrowea to Leadea,in accor+dance with the . -- .
<br /> : � . provisions of paragaph 8.m tiea of the paymeat of mmtgage insivance p�emnims.These iiems are c�Ued "Escrow Items." <° _-,
<br /> '`'` ` I�nder ma ,at an tun�,coIIect and hold Funds ia an amoant not m exceed the maximum amouat a Iendea for a federaity:elated
<br /> ,,�• :' .
<br /> Y Y ; ��-+�s='-
<br /> .� . . ma�age loan may requae far Boaowe�'s escrow accmmt imder the fedeial Real Estate Seuteme�ni Roceduces Act of 1974 as °�•"; :�::
<br /> amended irom Gme oo time,l2 U.S.C.Searon 2601 et seq. {"KESPA'7,un�ess anothea law d�at a�plies ro the Funds sets a Iesser °��=5-:-'iY���_
<br /> Q `:. • �, amoant. If so,Lender may,at any time,collect aad hoW Fands in an amount uot w exoaed the lesse�amount I.ended may ''`` �,��`�
<br /> . , estimate the amo�t of Fimds due on the basis of cument data and masonable estrmates of eape.adidacs of fumce Esaow Items or . . �:_..
<br /> . , otheawise in accoN�ce with appticabte law. �,,t ' ��;�
<br /> ' � ' ' � 1�e Funds sUaD be held'm an Ins6tudon whose deposits are in.sured 6y a fedeaal agency,mspnunea�ralityr,or wtity(including ` ' - �4-':
<br /> � � �'.
<br /> � . � L,e�d�, if Lenda is such an instimtlon)or in any Federal Home Loaa Bank.L�eadec sGall apply Ihe Faadg W pay the Escmw � �.--
<br /> . - Items.L�der may not cbarge Baimwea for ho2d'mg and applying the Fuads,annnalty analyz6�g the esc;row account,or veiifjring �.. ,�;`.: .. '��_
<br /> ; •,��..�..
<br /> `•••` .. � �..,�< the&cmw ItEms.�mless I.ender pays Botrower inteaest on the Funds and applicabls law permits I.endea m make such a charge. �_::, �:. .,. V.;._;,"
<br /> � i } Howevea,Lenda may iequi�Boa+awer to pay a on�time cdarge for au mdepeadent real estate taa re�oiting scavice�sed by ;: �.�:.� ,,�'.�`�'�`�'�-.
<br /> �! l�ender in comiocdion with this loan,antes4 applic�b2e taw gmvides offierwise.Unless an agree�aent is made or applicable 1aw , -"`
<br /> ,�„�
<br /> ` -- --- require.s interest to be paici,Lr�der sUall not 6e requirc�d tu pay Bosm�vu aay iat�st as eamsags an titc Fua3s.Bcsirowcr and �-"' . F.:•;��;:
<br /> , .. . . •, . Lender may ag�ee in writing,however,that iaterest shaU be paid on the Fands.L,eudea shaU give w Botmwer,without cLarge.an . � . .�
<br /> ` ,;.�.,�;,_
<br /> :� . , annual a�co�mtiag of ttce Fands.showing eredits and debits W the Fimds and the pmrpose for which each debit to the Funds was `__"w�'
<br /> m
<br /> ' `� '. � . made.'I4ie Funds are pledged as addidonal serauity for all sums secumd by dvs Secauiry Instrument . . � ��`..�•'�:=
<br /> . . . ._ � If the Funds he2d by Lend�exceed the amounts pem►itted w be hetd by agplicable law,Lenda s1�aU account w Bonowea for . ' �..':��:�-
<br /> " � ' the eaccess Fw►ds�accardance with the requirements of applicable law.If the aa►ount of the Funds heid by Lender at ar►y dme is � . . •'��
<br /> . ' ..rR::
<br /> �'; � not sufficient to pay the Hscaow Items when due.Lendet may so no6fy Bomower u�writing,and,in sueh pse Botrower shail pay � , -. •_
<br /> ;.. . w Lendel the amount necessary w make up the deficieacy. Borrower shaU malce np the deficiency in no more than tarelve '::`����-
<br /> ; • monthty paymeats.at Lender's sote discrerion. =�
<br /> . lJpon payme�t in fvll of all sums secured by this Seauity Ins�tr+�ment,Lender shall promptty refund to Bmrower any Funds
<br /> � ' held by Lender.If,under paragtaph 21.l�der ahaU acqa'ue ar sell ttie Praperty,Lender.prior w the acqaisition or sale of the • . .�:=
<br /> ''••� � � Propc�ty shall appIy any Funds he2d by Lender at the drae of acquisiaon or sale ag a cmAit ' �
<br /> � ,. , against the sums s�aed by this ,
<br /> ��;'.' ; Ser,�u3ty Itisuument ,-
<br />.; • :a 3.A�ppt�ealiun of Payments. UnIess applicable law provides otlieawise,all paymenis reteived by Lendea nndcr paragraphs � �• � .
<br /> ' � ' �� 1 and 2 s6all be applied:first,w anY Ptepa3+ment charges due undea the Note;second,w amaunts payable under paragrapb 2; ` ,., . '
<br /> .'� tWrd.w�teaest due:fourth.w principal due:and last,w any late charges due under the Note. � . .
<br /> • ; . � 4.Charges;l.isns. Borrower shall pay all ta�ces,assessments.charges,fines and imposidons aun'butab2e w the Property ,. � . � �'. �
<br /> which may attain priority over thls Sec�uity Insuument,and leasehold�ayments or ground rents,if any.Bonowe.r shall pay these .
<br /> ' . � obligarions in the maaner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on qme directly to the ' � .
<br /> .- j pe,rson owcd payment Bonowar shall promptty fumi4h to Leader all aosices of amonnts tn be paid under ihis paragrapb.If �' ', ��� �� .
<br /> '�.,`:. , Bormwcr makes�heso payments direcUy.Borrower shaU promp9ty fumish o�Lender receipts evidencing the payments. .
<br /> .. � Boaower shall prompily discharge any lien whicb hav priority aver this Security lnsts�wtent unless Borrower:(a)agrees in • . . �.
<br />•• . , writing to the paymea�t of the obllgarion secnred by the lien en a manaer acceptabte w Lender;(b)contests in good faith the lien
<br /> � � by. or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion oyerate to prevent the . '
<br /> • � enforcement of Ihe lien;or(c)secures from the hotder of the lien an agreement sadsfactory to I.eadea subordinadng the lien w , ' _
<br /> . I this Sec�uity Insuument lf Lender determines that any pan uf the progeny is subject w a tien which may auain priority over this :
<br /> Seciuiry Instrument,Lender may give Boaower a noace ide�afying the lien.Borrower shall sadsfy the lien or take one or more
<br /> . of t2re actions set forth above within 10 days of the giving of nodce. . •
<br /> • Form 8028 9190
<br /> . � �'SR(NE)l9x�t).ot Pepezo�e imt�air.
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