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<br /> and all easements.aPPurtenances,and << . � `
<br /> T p G E T'I I E R W I T N all the im provemeats now or hereafter erected on the pcuper[y, Instrument � `
<br />• fixtures now or hereafter a part of the propertY•A11 rePlacements an d a d d i a o n s s h a ll a L s o b e c o v e r e d b y t h i s Securi ty . _ . . .
<br /> All of the foregoing is referred w in this Seciuity Instrnment as the"Progercy" . • _ -
<br /> BORROWER COVENANI'S that Botrower is lawfully seised of the estate hereby conveyed and has the right to grant and `
<br />. convey the PropertY and that the Property u unencumbered.except for encwmbrances of record. Borrower warcants and wil1 `. ' . .. ., • ' `
<br /> the riSe w Wa Property agains�all claims and demands,subjett tn any encumbrances of record. �
<br /> _ defeadgenerally = .. --� . �- - --
<br /> ` TFIIS SECLTRTTY INSTRI3N�N'T combines uniform covenants for uarionai use and non-uniforae covenanLs with limited ` -
<br />. vanations by juris uistrument coveiring real proPercY• . �
<br /> diciion to constitute a►uuform security� yS follaws• , .
<br /> (,�iFORM COVENANTS.Bocrower and Lendea covenant and a�ee Borrowea shall promP�Y PaY when due the , ,.
<br /> • 1.Payment of Principal and In4�+rest;PreFs3'me�4 and Late Chargcs. � _ _r ' ,
<br /> �'` prmcipal of and interesc on the debt evidenced by the Note and an}piepayment a�d late char8es due under the Note. ^ :. _
<br /> 2.F�ads far Taaes an d I n s a r a nce. due und�r the No�uatil the Note i�uai.d in fu11,a bsum("Fun d s")for.(a)y e a rl y aGVCes , `` <'^
<br /> t �.s��
<br /> i.ender on the day mo�+thly payments are �y Ieasehold payments . ,,�-:._^
<br /> and assessments wtrich may auain prioriry over this 5ecurity Instrument as a 1��on ihe Propeaty;(b)Y .• ,
<br /> earl ha�ard or ProP�Y����'�u�;�d11'�lY flood ins�ance premiwns.i� . :.. .�,,:.
<br /> or giv��ts on the Property,if any;(c?Y y and a^•} sums payable by�oiroR�a�I.ender,in accordance with the ,�.. , .�--;: ,. . :
<br /> v ;•
<br /> �Y.(e}y�r1Y mortgage insarauce Preaniums,if any; (� �, Th� rt„ms are called "Escmw �-�s.° .. . . ,�:.�-�.. .
<br /> ers of mortgage insiu-ance premi �Y;� r�`_�"-�.:;
<br /> prov�ons of paragraPh 8, in lieu of the pa}+m ' `,.`}�Y�Y:_$• �;•�_�
<br /> a n time,collect and hold Funds i���no�t not to excePd if�e ma�cimwn amflunt a 1�f�A�T�1�4� , t.,�;��._:.
<br /> Lender may,at Y ,���nt i:nncser the federal Real Fstate Seuicment .,;r;;;.,� . ,,.,��.�;�:;V•
<br /> � �4��loan may re9uire for Bomowea's essru � t �ta�Funds sets a lesser ;:��`; �` .^ -
<br /> ' �.�f��'.n,.� fr
<br /> amen��m time to ume,12 U.S_C.Secaon 2501 et seq. ("R�S..9A"),unless another law t�app . , ,
<br /> amount L so, L.eudar may,at any rime,colled and fiold Funds in an amount not to exc�the lessrz amount Lender may �,r_,;r':a������,`;:� T'�
<br /> esdmate the amount o f Fun d s due on t h e b a s i s o f c u r r e n t d a t a a n d�a sonable estimates of expen3iuues of future Escrow Items or ; .�y .��;''��
<br />.. � �`�"' � ` �•
<br /> � � o t h�w�se in accordance widn applicable law. mclnding -='-
<br /> 'lhe Funds shall be held in an insatution w hose d e p o s i�s�e���b y a f e d e r a�a g e n c y,�inswm e F�s to pay�the Fscmw ��F;��";:�
<br /> Fede:al Home Loan Bank.L.endea shall aPF Y � '�:��"°'�
<br /> Lender,if Lender is such an insritution)or in any 1 ' the Funds,annaatly analYrmB the escrow aocounL or verifyinS _,.,;;�;� ' ' � `;;.
<br /> Iteans.Le�der may not charge Borrower far holding and aPP Y�S �cable law is I.ender ta make such a charge. ", ;' �� . �
<br /> � w Itsms,untess Lender pays Borrower intraest on the Funds and app Pe� �''�� : '";f'.:'.•'
<br /> the Fscro secvice used by ����-;s.;i<,,�`�:+�+ . :�:.�;�:
<br /> � Howev�rr,Lender�ay recluire Borrower W paY a an�time charge for an independent real e.�tate tax r�TtmB .� .Y
<br /> � �:�iule taw rovides othea�+ise.Unless an agceement=�=:�e or applicable law ?�'`� �',`, .
<br />� �.t I..enda in connecdan with this loaze,anless app P :�{�' '".: �',!S'.:';.
<br /> Borrower any interest or earninSs on�e Fands.Borrowea and �,t•:,?�.�. : .;_�;,;�,';`.-..
<br /> � re�uire�interesc w be Paid,Lender shall not be xequued to pay .�,,,,�7ia`�,,�,,;`;:e;;^.
<br /> de
<br /> ' Lendea may agree iu ariting,however,that inteiest shall be paid on the Funds.Lender oshall�which each debit to�the Funds was :,;�.� ; f:.:
<br /> annual accounting of the Funds,showing credits and debits to the Funds and ihe purp ,-.a-::�;.. ;�
<br /> � 'I�e Fuads are ledged as additional sec�uitY for all sums secured by this Secuiity Insaument
<br /> . P Lender shall accouat to Borrower fos . .��s�
<br /> � ued to be held by applicable law, :
<br /> If the Fimds heid by Lendea excead the amon�uts pemri . • •:si
<br /> the excess Funds in accArdance with the requirements of applicable l�w.If the araount of the Fnnds held by Lende�at any time is � �,�;�::;, _.:•..
<br /> _- nas s�ffic'seni i4 pay the Escrow Items when due,Lended may so notify Borrower in writing,and,in such case Boirowa shall pay :'y.• �`.�_.;r; 1;,f :
<br /> to I.ender the amount necessarY m malce up the deficiency. Brnrowra shail n,a1� up tt:o d��ci�sc; in no mare than twelve .�..,�$?�_._:
<br /> ;' `'���`�'.-�-
<br /> monthly PaYments,at Leada's sole discrEtion. m d refund to Hoirower any Funds .;-� :�..��.�_
<br /> Upon payment in full of all sums seaued�y chis 5ecuriry Insuument,L.endea shall pro P Y .,. �,_� :�..
<br /> ��p�h 21,Len�a�;all a�cluire or sell the Pra^�ty.Lender.Prior to the�rqnisition or sa2e af the ; : �,,,,��.�.
<br /> held by Lendea.If, � ^s2�::sums sec�ued by this ".!.
<br /> ..=-
<br /> 1 an Fands�:1d by L.ender ai the time of acquisition c1 s;.e as a c:e�lit agai.- -�"�+esa�r�,�.;,
<br /> Fropeaty,sliail aPP Y Y
<br /> -;.-,,�..
<br /> � gecusity Instn�ment �.,j;,—
<br /> 3.AQPflcation ot Peymenta Unless aPF�le law provides otbeawise,�pa}-�e��rs zzceived b�Lender iunder pm�p� ...,, �
<br /> 1 and 2 shall be applied: fust,to anY PIePaY�r•"•t charges due undeY the N�ta:second,i�amoants�ay��le under paiaBraP � . - '�� ':,
<br /> third,w int�est due;fourth,to prmcipal due:ar.3last,w anY tate charges d�a o,�3er the Nox. �?,:a.��!�v,.��-,- .
<br /> 4.Charges;Ltens. Borrower shall pay all taxes,assessments, �g�,���d�.�°siaons ars:3atable to the AropertY - -
<br />- , whicd may attain PaontY over this Seturity Insuument,and leasehold payments or ground r�nts.if any.Bortower shall PaY�� _—°-�--m.�- �_LL
<br /> m }�2,or if not paisl in that manner.Borrower shall pay t�.e:n on time d:.�tly to the ��--�-
<br /> . obligations in tha manner provided in paregraP a�der this paragraPh. If . ,��•�..:
<br /> person owed PaYinent� Borrower shail promFy�+ fumish to Lendea all notices of amounts to be paid�.
<br /> � Bonower makes these payments dIIectlY,Borra:a�cr shall pmmptly famish to Lender receipts evidene�c���aymeats. --� ��4°�*;.
<br /> � � Borrower shall prompdy dischar8e any lien which has prioriry over this Secwity Instrament unle��orrowe�:(a'' ���+ :�:=,-
<br /> .. : .. �-�-�_,„_
<br />• : writing to the payment of the oblig�tion secured by the lien in a mannerWCCePtaml the Lender'sb Piniotn°�erat�w&Event the •';.' ., �' ' '"
<br /> �' by, ar defends against enforcement of the �ien in, legal proceedinSs '��+rt;"`:' °:•.:.
<br /> .� p�forcement of the lien;or(c)secures fron►c�'�holder of the lien an agreement satisfactory w 1.ender suboldinat�nB�►e lien oo �����1
<br />� '� this Security Insumnent If Lender deteimines d►at any part of[he Propercy is subject to a lien which may attain priority over tl�as ;�
<br /> ` geceuiry Instrument,Lender may give Borrower a notice identifying the lien.Bortower shall satisfy the tien or take one or more '`�:�'.(S��.y�.Q`.�`:;
<br /> of t'�e acaons set forth above within 10 days of the giving of notice. F��,$028 s�90 ' ..
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