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<br /> � � �7°�- �CD�0�4 � � � . .. . -
<br /> � T6GETHER WITH all[he improvement�now or 6ereafter eiected on the P�'PeTty•and a➢1 easements,appurtenances.and � `� ��-- -
<br /> fixaues now or hereafter a part of the property. All mplacements and addidons sLall also be covered by this Secuirity � ` . " - --
<br /> Instniment.All of the foregoing is refened to in this Security In�tmmeait as the'Froperty."_ � : , , , --
<br /> BORROWEIL COVENAIVTS that Borrower is la�vfnlly seised of the estace hereby comreyed and has the right to gr.mt and � . --
<br /> comey the Property and that tl� Progerty is uneucumbered.except for eu�umbrances of recard. Borrower warrants and will • . ' : -
<br />�� defend generally the pde to the Property against all claims and demands.sub,�tt to any encumbrances of record. � --- -- ; `- •` '_
<br /> 7'EiIS SECURTfY INSTR(JMEIVT combines rmifoim cmrenants for natiouai use and non-uniform covenants with limited <<
<br /> � variations by jatisdicdon to constitute a nnifonn secarity iasuument mverinS�P�i'�Y• ' . , � . ; . `
<br /> �� U1�iIFORM COVENANTS.Borrower and Lender covenant and agee as follows: . r :: - . _
<br /> 1. Papment of Prtnci�aal ar� Int�est; P�payment and LaL� Charges. Borrower shall F�P�Y PaY �'hen due die
<br /> a princip a l o f an d i n�e s t on d z e de b t evi d e n r e d by[h e N o t e a n d a n y p�e p a y m e n t an d t a t e c h a r g e s dne und er t h e N o t e. - . • , , —
<br /> 2. �mds for Taxes aat�Ins�anoe. Sabject to applicable!aw or W a written waiver by I.ender,Borrower shall pay to • . •
<br /> Lender on the day mogthly payments are due under the Note.antil the Note is paid in fall,a s�(°Fands°)for.(a)yearly taxes ' -_
<br /> and assessmews which may attain priority over t�is Secority Inst�eni as a lien on the Propecty:(b)9earlg leasehnld gayments _ ' ;:'.�,�:�:
<br /> or gronnd rents on the Property.if anY;(c)Yearly bazard or property insurance p�iams;(¢��early flood insu:ance pzemiums. --
<br /> if anp� (C')YCazly IIIOI[g3gC�^r^*�*���•pnmimns,if au9;and(�anY s�s pageble by Borrc�e;co L,eu�c-E.fe azcordance with ' . . ':'�"""'�`�' .
<br /> the provisions of paregiaph 8. in lieo of the payment of mortgage insQrance prem.�s.'f��items a:e ir °Escrow It�s.° ,. �.`:`'
<br /> ap
<br /> Lender ma.p, at any time,collect and hold Funds in an amoani not to exceed t�.maxi�amonnt a lender for a feder�y . t'�'��
<br /> �.e.t;.,P.
<br /> ' r r.-�--sr_-
<br /> re��m�-�-sge loan may require for Borrower's escrow acwant under the fedeia!Real��:se Settlement Proceda�[�.��€ � '��"r-�
<br /> ''?�-:�,-:•.. ..
<br /> 1974�a-cie���'rom time to rime, 12 U.S.C.Secdon 2601 et seq. ('RfiSPA'�. �te��er[aw tvat appfies t4 t�:L�;.�s -�rrrL,•:r�,°.�--- ,.
<br /> `� . t:.i a_��ser�ount. If so,Lcnder may. at any t�e. collect and hold Fands in�amams not to exceed the lesser amount. :--, -- •-
<br /> s'.�,�:�:,;estimate the amount of Fands dne on the bavs of cunent data an�ue�onable�of er.pendimres of fi�e ...��.�' ��-�
<br /> �� . Escra�:ir.a�or otliecwise in accordance with applicable ltiw. .i. '�.;� �;�,� ���
<br /> 1 TI� �nnds shall be held in an institndon arhose dejsasits are insured by a fedecat �„1�ncy, ins�mentaliry. or entity • :-�::�,°°:�•
<br /> ('including L�er. if L,euder is such an instimtion)or in any Fedeial Home Loan Bank.Len�r shall apply the Fuads w PaY the . -�-.���_ _�
<br /> Escrow Items. Leuder maq not charge Borrower for holdimg and applying the Puuds,annually analyzing the escrow acconnt,or . :� ,:• _
<br /> ve the Escrow Items,unless Lender a s Ea�wer interest on the Pnnds and licable law ermits L,ender to make sach = •.'� ?�� � -
<br /> �S P Y aPP P . ',�, �::,, r:, _:
<br /> a charg� �owever,Lender ma HOIYOWC>ZO • .'.1.71 � - -
<br /> Y�I� �aY a one-time cBarge for an independent mal estate tax reporting service :4,;:,� � �:•': _
<br /> nsed bg Lz�der in co�ection wit$ r�:s !-�..�_�*. .::u�ss apglicsL^2� law provides otheiwise. Unless an ag�eement is made or s•,•;�. ',;,. .;;;s.:�.
<br /> .�,:; .. :.
<br /> applicac�°ldw requires interest to be pad,L�aLa s�all not be i�ire�to pay Borrower any intetest or exr�inga on tr.Fnaas. . : � � � .
<br /> Boirowez�Le�er� a in writin hov�E�,that interesz shall be �d�n the Fnnds. Ixnder�i�EJi e to Bo�er , �.i;
<br /> � S� S, P' .� , �. ,.� . :�
<br /> withaat c�:.�e,a��ai acconnting of the Fanes,showing credits and de��c�the Funds and the p�:�for wbich each �--,��� e_
<br /> debit w�zr.nds�-�made. The Fundv are pledged as addi3ional security for all smns secated by this Se�.*:ry Inst�ment. f . i 'i `,'�'°;,
<br /> If�P`•..nds held by Lender exseed the amoIInts pe�itted to be held by applicable law,lxnder shall accouut m Beimwer t
<br /> . for the excess FaIIrls in accordance with the reqi�+*+�n�!+�of applicable law. If the amount of the Funds held by Lender at any ' �
<br />' dme is not svfficient to pay the Escrow Ite�s wben dne.Lender may so notify Barrower in writing,and,in sar.h case Bon�ower '•���'�� _.
<br /> sbaU pay to Lender tbe�nount necessary w make�the deficiency. Borrower shall make up the deficiency in no more than .. £ � �
<br /> � twelve monthty payme�s,at Lender's sole discm.tioa � '�
<br /> ` ,� �i.
<br /> . Upon payment in fall of aIl sums secured by this Secarity lnstn�ent, Lender sball prompflq mfand w Borrower any ���-- --
<br /> Fonds held by Leuder.If,ander paragraph 21.Lendei shall acqnim or sell the Property,I.ender,prior W the acqaisition oi sale ����- %�w �
<br /> of the Praperty,shall��Jy any Fands held by Lender at the dme of acqu'ssidon or sale as a credit against the sums ser�.^ed bp "
<br /> , this Secnrity Insmmmeuu �--•. .
<br /> 3.Application ef�IFaym+ents.Unless applicah[;:�w provides asherwise,a1H�yments received by Le+-.�.'•ke�er F��s}�apbs - . _. - -
<br /> 1 and 2 s*all be applied: fust, to an��repayment c�rges dne v�:r the Note;second, w a�unts payabi��der Far-.�4rh 2; ."u��Y'°'��
<br /> . thi.td,W e�:.�test dixe:fonrth.to prir.,c��l dae:and 1ast,w any Iax�:�arges due under the Note. �;�,'�) j•",�;;,-r''�'
<br /> t -�r�'��ti'�,..' :-�'•x:... °
<br /> � 4.��aigcv; Y.lens. Borrower s..a:l pay all taxes,assessmenis,charges. 5nes and imposiuons atta'bntable W�L�+ccler►Y •--��,�,��;:�, r.� ,.�--
<br /> which ma attain riori over this Securi Instr�ent, and leaseho2d ents or ound rents, if an . Borrower '-�` a s'�' �°�'�`::
<br /> Y P tY t9 PaYm Sr Y P Y ��,._ ..
<br /> - thes:obLi,ation9 in the manner provided in paragr�a 2,or if nnt paid in thai manuer.Baaawer shall pa���an d.�e�..*ectly _ : . -. ,. f.�yg�;.=
<br /> to the pecs3oa owecII paymen� Borro�.-v�shall prompdy fnmish or l.ender all nodees of amw�ts to be gaid,Vc:er t�:s����apL. • � yr�;'�!;:�"�°'�t`,r,,�,.�
<br /> If Boaacxr��oakes these paymenrs d��ly,Boaower shall prc�ly fumish to Lender receipts evidencing the payme�. `�..,,�:�.�,y�-- <__;
<br /> Bo�wer sUall promptly disc�:jr:any lien wlucd�has pricr•i�-y over this Suutity Iast�ent nnless Boaower:(a)a�ea in � -� —•�`;'�
<br /> wrlting w the payment ef the obtiga:on secumd by t�e llen in a marmer accegt�I;!.w Lender,(b)contests in good faith the lien � � •i '�'':}'l,'
<br /> by, or defends a . �� `"�`"•��`��.,
<br /> gainst enforcemens of the lien ic:, 1ega1 Pmcee�ngs vrbicS�, i�the Lender's opiaion operate to prevent the ;,. �. ,,�:'::'
<br /> enforceme�t of tLe lien;or(c)secures from the�aId.,^z of the ti.e�.an a�reement satnsfactory co Lender subordinadng the liea w � ; °••��`�"�—===
<br /> ang Part of p ; '�:���r;,,•::r:,ru„�.:..
<br /> this Secuaieg Insmiment. If Lender detemmines that �Property is snbject to a Ii��whicL may attain priar�ty aver . .,,}.�,�i;,n '
<br /> this Searnuey Ins�ent, Lender may give Borrower a no6ce ideuiafying the lien. Borrow�er��:ll satisfy ttte lien or t2ks one or • ��,;r�,!,. ,.,:
<br /> more of the actions set forth above within 10 days of the giving of notice. ' � �L ���,
<br /> -.��-..�a.�T..•r.
<br /> . ti:.
<br /> ��,�l.
<br /> Form 3028 9/90�7 ..
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<br /> INUEhJ�[,
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