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<br /> � �� 98--�.u��4e �-�:� �
<br /> TOGETHER WITH aU the imprnvcments now or herei►fter erected on the property, ad�f all easements, uppunenunces, a�f �;�.:j:_
<br /> tixtures now ar hereufter a p:sn of the property. All replacements und udditions tihall ulsc� he covcmd by this Securily . .�4 r'F,_i_::
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<br /> lnstrumcnt. All of thc foregoin�i.r referred tu in thi�Security Instrument a,thr"F'ruperty." , �...: ,..
<br /> BORROWER COVBNRNTS thut Burrawer i+ luwfully sciscd of thc c�lutc hcrcby ccmvcycd unJ has thc right ai grant and
<br /> ccmvcy thc Property and thut thc Propcny is uncitcumhcrcd, exccpt fc�r cncumbranres uf'record. Bc�rruwcr wurrants und will ;�' �
<br /> ' ' defend generully the tiUe to thc Property uguimt ull c:laimti und demundti,+uhject to any encumbrunres uf record. :^v,:`;;-
<br /> THIS S�Cl1RITY INSTRUMENT combines uniform ruvenunts ti�r nationul u�c and nan-uniform covenunts with limitcd
<br /> �a vuriations by jurisJiction tn constitutc u uniform sccurity intitrument covcring rcul property. .cx:;_'.-'
<br /> 'F.•_,'�'_ .
<br /> � UNIFORM C'nVF.NANTS. Rnrrowcr and l.cndcr c�wcnant und agrcc us follows: , :,_ ,
<br /> '' ) 1. Payment of Principal and Interr�t; Prepayment and Late Charg�s. H��rrowcr �hull promptly pay whcn duc; ihe ,9�.-��-�
<br /> ,�,..wi014'^. principul of and interest on the debt evidenced by the Ne�te und uny prepuyment and late churges due under the N�te. ,.�____
<br /> •��M ���""� ; 2.Funds for fax�und Insarunee. Subject tc�upplicuble law c�r to u written waiver by L.ender. 9urrower shAll pay to ::•._____
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<br /> L.ender nn the duy monthly puyments are dne undcr the Notc,until the Notc is paid in full,u sum("Funds") for, (u)yearly tazes - �___
<br /> ; und ussessments which may uttnin priority aver this Security Instrument as u lien on the Property: (b)ywrly Ieasehold paymetNs �;LL__-
<br /> � or �rowid rent�on the Pro crt if an (c)yc:►rl h:�nrd or ro iK insurunce remiums;(d)yearly flood insurance premiums, �_�-__
<br /> b p y. y: Y P P� Y P - --
<br /> if any;(e) yearly mortguge insurunce premiums, if uny: und (f�any sums payable by Borrower to Lendcr, in uccordance wilh __
<br /> the provisionx of parugruph 8, in lieu of the puyment of mortgage insurnnce premium�. These item+are calleci "Escrow Items." ��•,,,
<br /> � I.ender may. ut any time. collect und hold Funds in an amaunt not to exceed the maximum umount a Iender for a federally �,��
<br /> relatrd martguge loan muy ruquire fc�r Be�rrowcr's escrow account unaer the federal Reul Estate Settlement Prc�cedures Act of �
<br /> ��• 1974 a.�umcnded from time tc�time. 12 U.S.C. Section 2601 et seg. ("RESPA"),unless an�ther law thut applies to tl�c t=unJs
<br /> �;� scts u Iesser amount. If so, Lender may, ut any time, collect und hold Funds in an amount not to exceeci the lesser amount.
<br /> .� �i L.cndcr inay estimute thc amo+ant of Funds due on the basis of current data and reusonable estimates of expenditures of future �_
<br /> 4 Escrow Items or otherwise in accordance with applicable law. _.�-=_---
<br /> �`�• Thc Fundti shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity -�_--
<br /> (includinb Lcnder,if[.�:nder is such an institution)or in uny Federnl Home Loun Bunk. L,encler shall upply the Funds to pay�he �:�-:o�
<br /> ��, Bscrow items. l.ender may not charge Borrower for holding and applying ttie Funds,annuaUy analyzing the escrow account,or
<br /> verifying thc Escrow Items, unlexs Lendcr pnys Borrowcr interest nn the Funds und applicablc law permits Lcnder to makc sucli 4_.
<br /> a churge. Howcvcr. Lender may require Borre�wer to puy a one-time charge for an independent real estate tax reporting service �,
<br /> .�" used by Lender in connection with this laan, unless applicable law provides otherwise. Unless un ugreement is made ar
<br /> ' upplicable law requires interest to be paid,I..en der s ha l l nat be require d ta pay B o rr o w e r a n y i n t e r e s t o r e a min gs on thc Funds. --
<br /> � Borrower and Lendcr may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower.
<br /> without charge, un unnunl accounting of the Funds,showing credits and debits to the Funds and the purpose for which each
<br /> --=- -- - debit tc thc Funds�ax msde. The Funds�t*r rledocd�s additionnl sceuriry for ull sums secureci by this Securiry Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicuble luw.I.ender shall account to borcower _
<br /> � for the excess Funds in accordance with thc requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when Jue,L.ender may so notify Borrower in writing, und, in such cuse Borrower
<br /> shall puy to Lender the amount necessury to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments,at I.endcr's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument, I.ender shntl promptly refund to Borrower any
<br /> � � « Funds held by Lei�der. If,undcr paragraph 21.Lender shall ucquirc or sell the Property. Lender, prior to thc acquisition or salc
<br /> s of the Property, shall apply any Funds hcld by I.cnder at the time of acquisition or sale as a credit against the sums secured by _
<br /> this Sccurity Instrument.
<br /> . 3.Application of Payments.Unlcss applicublc law provides otherwisc,all payments received by L.cndcr under psrugraphs
<br /> � " 1 and 2 shall be upplied: first,to uny prepaymcnt charges duc under the Note: sccond, to umounts payable under parugruph 2;
<br /> � third,to interest due; fourth, to principal duc:nnd last,to uny late ch�rgcs due under thc Note.
<br /> 4. Churges; I.iens. Borrower shall pay all taxcs, asscssments,charges, fines and impositicros attributable to the Property
<br /> which may attain priority over this Security Instrument, und leusehold payments or ground rents, if nny. Borrower shall pay
<br /> these obligations in the manner provided in puragraph 2,nr if not paid in tl�at manner, Borrowcr shall pay them on time directly
<br /> ' to the person oweci paymcnt. Borrower shall promptly furnish to Lcnder all naticcs of amounts to be psid under this para�raph.
<br /> _� If Borrowcr makes thesc payment�dircctly,Borrowcr shall promptly fumish to L.endcr rcceipts cvidencing the paymcnts. ��
<br /> Borrower shall promptly dischurge any lien which has priority over this Security Instrument unless Borrower: (u)agrees in
<br /> • � writing to the payment of the obligation sccurcd by thc licn in u manner ucccptable to Lendcr; (b)contcst�in fiood faith the lien
<br /> • ` by, or defends against enforcement <�f the lien in. Iegal procecdings which in the Lendcr's upinion operate to prevent[hc
<br /> � ° enforcement of the lien:or(c)secures from thc holder of thc licn an agreement satisfactory to Lender suhordinating the lien to -----
<br /> • this Securiry Instrument. If Lender determines that any purt of the Property is subject to a licn which may attuin priority uver =
<br /> this Sccurity Instrumcnt. Lrndcr may givc Borrowcr a nuticc idcntifying thc licn. Bormwcr shall xutisfy thc licn or take onc or
<br /> ' more of thc actions�et forth ubove within 10 dayti uf thc giving of mitice. �_�-
<br /> Form 3026 91A0 -
<br /> ' Pape 7 016 -�-
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