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<br /> � TOGETHER W1Tfi all the :�sprovements now ar heieafter erectQd an the propeity.and all easements,apPurtenances.and ; • � ` . ,
<br /> � fucuues now or hereafter a part of tke property.All replacements and additions shall also be covered by this Security InsuvmenG k - . ' , T_
<br /> � Al!of the foregoing is referred to in this Securiry Instrument as t6e"ProPerty.°
<br /> IBORROWER COVENANTS that Borrower is lawfully seised af the estate hereby cc�nveyed and has the right to�ant and � ` � � , -
<br /> convey the Propeety and that We Property is unencumbered, exoept for encumbrances of record. Bormwer �vaaants and will _ �°
<br /> } defend genetally the title to the PropErty��inat all c�ims and demands,subject w any encumbrances of record. � '
<br /> , TI-IIS SECLJRTfY INSTRIJN�NT combines uniform coveaants for aational use and non-unifome covenants with limited � ._
<br /> - varialions by jurisdiciion w con�utute a uniform securiry instrumeat covering real property. ' . � .��
<br /> UNIFORM COVENAN'I'S_Bornnwer and Lendec wvenant and agree as follows: � . -- ' '--
<br /> 1.Payment of Prtndpa!and Interest;Prepayment anai Late C6argES. Borrower skall promptly pay when due the ' _ -
<br /> principal of and inr�est on the deht evidenced by the Note and any prepayment and late charges due under the Note. f�. . � , ��
<br /> , j 2.Fbnds tor Texes and IaSaraace. 5ubject to applicable law or w a wriuen waiver by I.ender, $orrower ai�all�ray to " . -
<br /> + Lender on the day montiily paymenB aee due under the Note,unU7 the Note is gaid in full,a sum("Fiucds'�for.(a)yearly taxes . �� -
<br /> f ; . • �°.�
<br /> . � and assessments which may auain priority ovea this Security Instrument a5 a lien on the Propeny;(b)Yearty leasehold paymeats '...1..' --_ .--
<br /> os gronnd rents on the Propeaty,if anY•f�)Yearly hazard or P�P�+��F��s;(�Yearly Aood insarance premi�uas,if
<br /> �Y:�e�Y�Y mfl�Se incuranCB F i E R l t U t t l S,l f 2 J l y:a n d(�a n y s u m s p a y a h l e b y B o r ro�v e r w I.e a d e.r,i n a c c o r d an c e w i t h t h e :
<br /> ', 5 provisions of paiagraph 8, in lieu of the pay►aent of mortgabe ins�Tance �mmmc,'j$� itEtt1S 3iE C31I0d"Esc�ow Items." . -u;u=`��
<br /> Leuder may,ai any time,collect and hold Fimds in an amaunt not w exceed t3e maximum amount a l�der for a 5�dr�aIIy related �','::'�w-�-'.__
<br /> moatgage toan may require for Bo�wa's escrow account andea the fede:al Real Fstais Settlement Procedw�s A�:�1974 as ,�� � , ;.,
<br /> a�e��from lune w pme,12 US.C.SeaiQn 22Cii11 et seq. (":�G�A'�,aniess anather la.�+d�i applies to the F»;�s�s a t�sser ���",�r���r
<br />' ' a��� II f so,I.e n d e r may,at auy�e.a.c T��a:�� ho l r l F:_�� an a�c4�nc t t n..:�t h e l e s��e�.t I.W�?�rn a y � ,;"�L.s.��.
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<br /> �'t es~-*�='°ri�a�azn.�1��ds due�n�.e���r�a�c�nt dara�.:�c�-�cu.�iTn���c:e..-rn�d�zs��$�•.,Fscr�::I-�::s o� r, ,'';:;.���.,-�,.
<br /> e��'���sr�sc.��''s:,�b'.s law. ' :.3�� ' ..,��.
<br /> �1=�shai�ts��.a�n an��ion whose depossis a-e�.su�d by a fede�3 2ae���,�ment�ity,or enmy(�ch�ding ,�, �' ��` -°—
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<br /> � Lend�r,if Lend�is suci�aa�)or in any Fedeia!I-Yome Loan Bank.Leavder shaPi apply the Fuads to pay t};e Esceow ,'E.''1�,i�t.�r>�?ylF��?y�..•
<br /> L.Pd , ,�t'�jn::
<br /> �'``` Icer,�.Lender ma not char e Borcawer for holdin and a 1 ' the Funds,annaall the escrow account,or v �r�;•.;�;�i��.;;Y;•'•
<br /> Y 8 g PP Y�8 Y�Y�B �S ,� #�";�::�:,i�
<br /> � t��Escxow Items,imless Leader a s Borrower intere.st on the Funds and licable law Lendea tn make such a char e. ��•��,"`
<br /> P Y aPP P� B � . �y r :. -
<br /> . - - Ho�zr�,Lendea may requice Boraower ro pay a one�time charge for an ir�depend�ent rea!estate tax reporting service used bY _- - ��: :--
<br /> � L e n d e r i a c o n n e c t i o n w i t h t h i s l o a n,u u less a p plicable law p r ovides othaarise.Uniess an a g r e e meni is made or a p plicable law :f�..
<br /> requires intenest to be paid.Lender shaII not be requIIed to pay Borrower any interesc or eamings on the Funds.Bomnwer and . �� ,� ',�:�'��
<br /> � Lender may agree in writing,however.Yhat inteaest shall be paid an the Funds.Lenda shall give to Borrowu,wit6nut charge.an '�. ';.' . . `.,� � �:
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<br /> annual accaunting of the Funds,showing credits and debit�to the Funds and the pwpose for whlch each debit to the Funds wav ...��""�� ��' '� ...
<br /> made.lhe Funds are pledged as edditional seciuiry for all sums secured by Uris Securiry Insaument .. , �.
<br /> " Ii the Funds held by Lender exceed the amaunts permiucd to be held by�pplicable law.Lender shall account to Borcower for "'�, .'� �?•�
<br /> U�e eacesa Funduu in accordauce wIth the cequirements of applicable 1aw.If tite emount of ihe Funds hetd by[.endet at any dms is • �;Ef • . � .:
<br /> • na t s u f�ci e n t to p ay t h e E s c r o w I t e m s w h e n d u e,L e a►d e r m a y s o n o ti f y B o n o w e r i n w r i t i n g,a n d.in such casa Horrower shall pa y 'm�.�� ; _
<br /> to Lender the amount necessary to make up the deficIency. Borrower ahall malce up the deflciency in no mo�than twelve � �
<br /> . .. montlily paymea�ts.at Lender's sote dlscretioa ` o.:i•.=�_..-,
<br /> Upon pagrment in fuU of aU swns secured by this Sc�uriry Insuument,L.ender shall prompdy m,fured m Bonower any Funds ' ��"-
<br /> � hetd by L.ender.If,under paragraph 21,Lender shaU acquire or sell the Property,Lendex.prior w the acquisidon or sate of the '. � `�-�'._."�.''
<br /> : Pcaperty,shaU apply any Funds hcld by Lender at the time of acquisition or sale ss a credit against the sums sec�ued by this ���+..:� '��,..�""
<br /> , Sacurity L�s�ment °:"'"�: - . —
<br /> 3.Applicatton ot Paymenta iJNess applicable law provides otherwise,all payments reccived by Lendea under paragraphs � '`�`:`'
<br /> 1 and 2 shall be applied:first,w anY p:epayment charges due under the Not�second.tn amounts payable andez paiag�apt�2: ��:--; J
<br /> third,w interest dne;fourth.tn Pm�ciPal du�and lase.w any late charges due under the Note. a �.,°-
<br /> � 4.Chargeg.Liens. Borrower shall pay all taxes�asses.sments. charges,fines and imposidons atW�utable w the Property ����,,�.,.; `V �_. .:
<br /> whic6 may anam priority over this Sec�uity Instrument,and leasehold payments oz grouad rents,ff any.Borrower shall pay these �. �, ' �'�t_���
<br /> • obli ons in tha manner rovided in h 2,or if aot aid in that manner.Boaowez shall ay them on dme dire�tly w the "*s,-y:`,•;^, -
<br /> S� P P�P P P , r�'c,�
<br /> person owed payment Botrower shaU promptly furnish to Lender all notices of amounts to be paid uader this paragraph If .��-�':.r��,•"'°:T'�,�.'�`T'``
<br /> Borrower makes these payments dcr�tiy,Borrower shall prompdy fumish tn Lende,r receipts evidencing the payments. •�ii fhr w•_.„ ,_
<br /> . �,�s+�;,,,:. _•-
<br /> • Borrower shall m d disc6arge any lien which has ori over this Sec�ri In�trumant wiless Bonowea: (a)agrees in ..� ,;.:.;:.., '' �'
<br /> . P� P Y Pn �Y �Y • �";' . .��
<br /> writiwg to the payment of the obligation securEd by the lien in a manner acccptabte tn Lender:@)c.flntests in good faith the lien ;,f���;:. �,�:,,�. f���
<br /> by, or defends against enforce�ent of the lien in, legal proceedings ahich in the Lender's opinion operate to prevent the `�*.'��`��r^^�•� •'��'•�.
<br /> � ' ..MYhif'�."�'����-""::.-�i--
<br /> enforcement of the lien; or(c) s�aues from the ho2de�of the lien an a eement satisfacto to I.ender subordinating the lien to ��'�^"*:-^��^�°='='
<br /> � tY .j. _•.� ...���s�.�
<br /> - � this Secarity Insuum�t If Lender determines that any part of the Propeaty is subject to a lien which may auain prioiity over this �.�r.;�;�_. :- ��''
<br /> Security Ins�ument,Lender may givc Borrower a notice identifqing the lien.Borrower shall satisfy the lien ar take one or more . . , . � . ,
<br /> of the actions set fotth above within 10 days of the giving of notice. , :.-.
<br /> Fmm 8028 91�0 •
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