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<br /> � . � � 98— i�j�s�� � .. ��s .
<br /> ��i 'POGEI'I�[t WITH sil the improvements now or hueaftrr ereaed oa the property.and all�ements,appurteuanccs.and � � .` •
<br /> � j funues now ar hQaeatt�r a part of ihe grope,rty.All replacements and addidons s6a11 also be cave.red by tl�is Secucity Ias�ume�L : ` ._` . . °.. '
<br /> ' - 1 All of the for�going is refe�t�ed w in this Se�ityr tnsmrment as the"Propertyy." � • • .
<br /> ..�:� ,; BORROWER COVENANfS that Bormwer is lawfiilly seised of the estatc hereby conveyed and 6as the right to grant and
<br /> — ,-- wnvey the Pmperty and tbat the Praperty is�meacwnbered.exc�t for encmnbiances of record.Borrower wauaats and will �:._.�_-•__-�-_=�-=. --__
<br /> . ` defead g�e�ally the utte oo the Pmpelty against all ctaims and demands.subject w any e,acumbranccs of record. �� ,_..� , '_ ;
<br /> .� �,.� TFIIS SECiJRI1Y INSTRUMEINT combines uniform cove�ants for national nse and aon-unifoim covemants with limited • • ..
<br /> . � v�iatrang by j�asdiqion w constiwte a unifom�seranrity;,,�*m�covermg real property. _. _. , .
<br /> • UNIFORM COVENANTS.Bouow�and Lend�covenant a�d agree as follows: - ,- , .
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<br /> ' L Fayffient of Prinapal and Iaterest;Pr�ymen!sud Late Chasges. Bo:rower shall pmmpdy pay whea due the , ' . :
<br /> principal of and inteiest on the debt evideaced t►Y the Note and any prepaymeat and late charges due uad�the Note. 'F'�:i
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<br /> • . . �.Fands for Taaes aad Insaraure. Subject w appluxble law or to a written waiver by Le�der Boaower shatl pay m ; -�;�;�;„-,;_-,_
<br />_ � . ' , Ler�der on the day monthlY PaYme�ts are dne ander the Note.until the Plote is paid in fi�11,a sum("Funds'�for.(a)yearly taxes �. .�. . ;;�.�.;::;^.
<br /> and assessmee�ts which may auain priority ovex tdis Sep�rity Instrumemt as a tien on the Propeat�►;N)Y�}'teasei�old payme�ts . ` �.'-, --
<br /> or gmund ree�ts on t�e Pcoperty,if anY:(�)Y�Y��PmP�Y insta�ancc pm�iumg;(�Year1Y tlood'u�svrance premiums,if . �y; 4"`. �,.:
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<br /> • ' �Y.(e)3�Y��Se�II�P��•�any,and(�a�►Y sum�PaYabte by Bairowu m L�d�,in accordance wiih the � _`.�,�-��:
<br /> . provisions of paragtaph 8, in iien of ths paymeat of mortgage �ce pr�animns.l7iese iteans are called "Fsaow Items."
<br /> . . Lead�may,at any time.collect and hold Fauds in an amount not w eaceed the maximum amount a leader for a fedaally related , . ;`�I"' .
<br /> . � :;';��'°."',
<br /> � -- : rnongage toan may iequire fot Bormwe�s esaow acconnt�md�the federal Real Fstate SetUeia�t Procedures Act of 1974 as _
<br /> �'.,,� am�ded from time to time,l2 U.S.C.Section 2601 et seq. ("RESPA'�,untess another taw tLat applies tn We Funds seLs a lessa :-�—
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<br /> F ds ia an amount aot w eaceed the lessea amount l.endca `•..��
<br /> • �� amount ff so.Leander may,az any time,callect and hold un °�Y .:f..�.=.y
<br /> � estimate the amownt of Fands d¢e on the basis of catrent data and reasonable esumates of expendiwres of funue Escrow Ite�ms or . S-_?.�,�
<br /> • ' oWawise in aocardance with applicab121aw. • •f�•,'r�,�;�
<br /> . 'Ihe Fundv sdal!be held in an institution whose deposits are insared by a fede�al age,ncy,uisacnmentality,or entiry tinctnding _.._s�Y• ` ,'•.�
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<br /> � L.ender,if Leader is such an instimtion)or in aay Fedeaal liome L,oan Bank.I.end�shall apply th�Funds w pay the Tigcmw , _ ,'•':�'�f�'
<br /> , � It�ms.Lend�may not charge Bomower for hoid"uig and agplyiug the Funds.annually aaalyzmg the escmw accounL or veaitying , •`:�•.'�;�
<br /> ms.
<br /> the Bssxow Itezns.anlesa Lender pays Borrower inter�st on the Fands and applicable law permits Leuder to make svch a cdarge. .. ��'�;,��
<br /> ' However,Lend�may require Bosrower to pay a on�time charge far an independ�t real estate tax reponmg service ased bY �i�4$a 4;;�
<br /> , � Lende�r in cannec6on wi1Lh this loan, unless appHcable law pmvides othera+ise.Unless an agreeanent is made or applicable,law . =,=
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<br /> • i recluues interest tfl be paid,Lender shall not be reqused to pay Bormw�s�y frrttaest or eamings on the Funds.Borrower and .... �: �•:x�`.
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<br /> • Lwdea may agree in writing,however,tt�at interest shaall be paid on the Funds.I.ender shall give tn Boimw�,withont charge,aa ';:lk���?��
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<br /> . annual accounting of the Funds,showing credits and deisits to the Fvnds and the pu:pose for which esch debit to the Funds was k. .` .- _ r.-t • _
<br /> . . made.'ihe Fmids are pte�ge�as addirional s�arity for ail sums secured by this Secwi�Y Insuument : -_'.:��,-'
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<br /> ,� , If the Fimds held by Lender exceed the amounts pecmiued to be held by applicab2e law,I.ender shall account to Bomuwer for • "�:` .y�.�
<br /> . . . � the excess Funds in accardance with the requireanents of applicab2e law.If the amount of the Fands held by L.ender at any time u , '��.:i.;s
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<br /> . aoi sufficient to pay the Escrow Items when due,I.ender may so notify Bormwer in wriwig,and,in such case Bomower shaU pay , , ,. ,;..•
<br /> . ' to Leatder the amount nocessary to make np the deficiency. Borrowea shall make up the deTiciency in no moxe than twelve . -���,:'.
<br /> � � monti�lly paym�ts,ai Lender's solc descre6on. � , . .+ �;"_
<br /> � . . � Upnn paymes�t ia full of ail sums seaued by this Security Inswmea�t,Lender shall prompfly nfiu�d w Bonower any Fandg : . . �
<br /> � hetd by l�ender I��dea pazag�aph 21,L,ender shall acquire or sell the Fropeaty,Lendea,prior w the acquisi6on or sale of the _ . .;�,'�,.��
<br /> .' P�,epercy,shall apply any Fuads held by Lender ai 11►e time of acquisition or sale as a Credit against the sams seciurd by this ' _.�-
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<br /> Security Insaument �
<br /> � f 3.Apptication of Paymenta Unless applicabte law provides otherwisc,all payments rcceived by Lendea nnder paiagraphc � •
<br />- . 1 and 2 shall be applied: fust,w any prepaymenf charges due nnder�he Note;second,to amount��ayab2e undcx pa�agraph 2; • ., �
<br /> ! third,w interest duz:fourth,w Principai due;and lasb to any latc ctiarges d�e under the Note.
<br /> 4.Charges;Lteas. Boaower shall pay all ta�ces,assessmcnts,charges,fines and imposidons atu�butable to the Property .
<br /> , • whtch may aVain prioriry over this Security Instrument,and leasct�old payments or gronnd rents,if any.Borrower shall Day these .
<br /> • obligations in the manner provided in para�raph 2.or if not paid in that manner,Borrower shall pay them on time direcdy.co the .�
<br /> person owed payment Borrowcr shall prompily fucnish to Lender all nodces of amounts to be paid under this paragiaph.If . .��--
<br /> ;',r Barrower makes these payments direcdy,Boaower shall promptly fumish w Leaider receipts evidencing the payments. •
<br /> Borrow�shall prompily discharge any licn which has prioriry over ihis Security Inshumeni nnless Borrowt7:(a)agrees in
<br /> ' wridng to the payment of tho obligation sccured by the lian in a manner acceptab2e w Lender;(b)contests in good faith thc lien
<br /> • by,or defcnds against enforcement of the lien in, legal proceedings wlrich in the Lcnder's opinion opecatc to prevent the ' . .
<br /> enforcement of the lien;or(c)secures from the holder of the tien an agreement satissfacwry to Lendea subordinadng the Uen to .
<br /> � this Security Instrument If Lender detennines that any part of the Property is sub}ect to a lien which may aaain priority ovcr ihis '
<br /> ,::
<br /> � . � Seciuity Insuument,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one ar more . � �
<br /> i of the acdons set forth above within 10 days of the giving oi notice. �
<br /> j Form 8028 9190 �
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