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<br /> � 98-- �t�►�31'� �
<br /> ' TOGETHER WITH all thc improvemen�s naw on c�a;aftcr crcctcd on thc properry, and ull ulscmcnls, t►ppurtcnunccy,�md
<br /> . fixwres now on c�rcaftcr a part of thc property.All rcplaccmcnGS and Addiaans shull ul�o tx:cc�vcrcci by this Scc:urity Inhuumcnl. _
<br /> • . All of ihc forcgoing is refencd to in this Sccuriry Insuumcnt as thc "Pr�perty." i " _
<br /> BORROWER C7VENANTS that Borrowcr is �twfully scised af thc esmtc hcrcby convcycd[uid hur�hc right toµrnnt�u�d I
<br /> I convey the Property and that the Property is unencumbered,exeept for encumhruncea of record. Horrawer wi�rrunl.e wid will
<br /> defend�enerally the ade to the Property agalnst aq clsims and demands.subject tc�uny encumbrunces af recad. �
<br /> . 1TiI5 SECURITY INSTRUMETVT wmbines uniform cavcnanl5 (or nauanvl usc i�nd non•unifarm covcmi+niti with limncif I
<br /> � variations by jurisdiction to consdtutc a uniform sccur�ty insurument covcring rcul praperty. �
<br /> UNIFORM COVENAIV'fS.Bonowcr and L.cndcr covcnant and agrcc es follows: °
<br /> 1.Payment of Principal and Interest;Prepayment And LAte Ch�rge.9. Barrawcr shsill promptly puy whcn duc thc ••
<br /> principal of and interest on the debt evidenced by the Note and any prepayment und lute churges duc under Ihe Nate. ,�";��-
<br /> 2.Funds for Taxes and Insurance. Subjcct to applicablc law or to a w,riucn wnivcr by I.endcr. 9anowcr shull puy to , ••, �� �"
<br /> Lender on the day monthly paymcnts are due under thc Note,unW�he Ntite is psud in full,u sum("Funds) fnr.(u)yeurly uuccy
<br /> and assessments which may attsin priority over this Securiry Instrumcnt os a licn on th^.Praperty;(b)yciuly Icutiehold paymcnls ;
<br /> or ground rents on the Property,if any;(c)yearly hazard or property insurance prcmiums;(d)ye�rly llood insurnnce premiumy,ll' �T
<br /> any;(e) yearly mortgage insurancc premiums,if any; and(n any sums payuble by Barraw�r w Lender.in c�ccardunce with die �
<br /> provisions of paragraph 8, in lieu of thc payment of mortgagc insurancc prcmiums,Thcsc itcros arc celled "Escrow Itemw." ' '
<br /> � Lcndcr may, at any tune,collect and hold Funds in an amount not w excced the maximum amount a lcndcr for a federally relatecl � -
<br /> mortgage loan may require for Borrower's escrow account under ihe federal Rea!E,tate Setdement Ptcx�utes Act of 1974 aK „
<br /> amendcd lrom timc w time,12 U.S.C.Sccuon 2601 et seq. ("RESPA"),unless enothcr law that applics to�he Funds sc�r•a Icsu:r
<br /> amoun� If so, I.ender may,at any tim�,coUect and hold Funds in an amou�t not to exceed the lesser amounG Lender mvy
<br /> estimate the amount of Funds due on the basis of cunent daut and masonable cstimales of expenditures of future Escrow Itcros ar
<br /> �, othenvise in accordance with applicable law. '
<br /> The Funds shall be held in an instiwtion whose dcposi�c arc insurcd by a fcderal agcncy,inswmcntality, or cntity(including
<br /> � Lcndcr, if I.cndcr is such an insGtution)or in any Fcderal Homc Loan Bank. Lcndcr shall upply thc Funds to pay thc Escrow . � ,
<br /> � Items.L.ender may not charge Borrower for holding and applying the Funds,annually analy�ing the escrow uccount,or verifying
<br /> ' the Escrow Ttems,unless Lendcr pays gorrower interest on the Funds And appllcabla law permits Lendcr to makc such u charge. ' . -
<br /> Howcver,Lendcr may mquire Borrower to pay a one-amc chargc for an indcpendent rcal estate tax rcporting scrvIcc used by ��� �
<br /> _. Ixnder in cQnn��tion with this loan.unless applizablc law providcs oiherwisc. Unlc�s cn agrecment�: m.�l�or applicable!�� , "'�°�=
<br /> requires intcrest to bc paid,Lendcr shall not bc rcquircd to pay Bortowcr any intcrest or camings on thc Funds. Bonowcr and � ���;
<br /> Lender may agrcc in writing,however,that intere.gt shall bc paid on the Funds.Lcnder shall give to Borrower.without charge,an r•
<br /> annual accounting of thc Funds,showing crcdits and dcbits to thc Funds and Ihc purposc for which cach debit ta thc Funds was
<br /> made.The Funds are pledged as addidonal securiry for all sums sccurcd by this Security InswmcnG �
<br /> If the Funds hcld by Lcndcr cxcccd thc emounts permitted w bc hald by applicab(c Isw.Lcndcr shall aaount to Borrowcr for ��, -
<br /> � the excess Funds in accordance with the requirements�f applicable law.If the amount of the Funds held by L.ender at any time ls
<br /> • not sufficient to pay the Escrow Items when due,Lender may so notify Bonower in wridng,and,in such case Borrower shall pay `• -
<br /> to Lender the amount necessary to make up the de�cicncy. Borrower shall make up the deficicncy in no more lhan twelve �'�
<br /> monthly payments,at Lender's sole discretion. ��-
<br /> • Upon payment in fuU of all sums secured by this Security In�trument,Lender shaU pmmpdy refund w Borrower any Funds "=—
<br /> held by Lcnder.If.under paragraph 21.Lender shall acquire or scA the Propeny,Lender,prior to tha acyuisition or sale of the F�"`°
<br /> Property,shall apply any Funds held by Lender at the dmc of ucquisition or salc as a credit ageinst the sums secured by this �
<br /> 1 Security Instrumen� -;
<br /> 3.AppHcation of Peyments. Unless applicablc law provides otherwise,all paymcnts rcccivcd by L.cndcr under paragraphs ---
<br /> 1 and 2 shall bc applied: fust, to any prepaymcnt charges duc undcr thc Notc; sccond,to amounts payab� under paragraph 2; ���
<br /> � third,to intcrest duc;fourth,to principal duc;and lest,to any latc charges duc undcr thc Note. f��:r-_�---
<br /> ' 4.Charge.g;Liens, norrower shall pay all taxes, assessments,charges, Gncs and impositions auribulablc to the Property - -
<br /> � which may auain priority over this Security Instrument,and Ieasehold payments or ground rents,if any.Borrower shall pay these �-
<br /> obligadons in the manncr providcd in paragraph 2,or if not paid in�hat manncr,Borrowcr shall pay thcrn on limc d'accdy to Ihc :��,�.. �.
<br /> � person owcd payment. Borrowcr shall prompdy fumish to Lcndcr aU noticcs of amounts tn bc paid undcr Ihis paragruph. If �".•'• . •N'..,.-.
<br /> I Borrowcr makes these payments directly,Borrowcr shall prompdy fumish to Lendcr reccipts evidcncing thcpayments. ��''�*',;t1ri°�.
<br /> j Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Barrowee: (a) agrees in ; � - � ,
<br /> � wridng to the paymcnt of the ohligauon securcd by the lien in a manncr acccptablc to Lcndcr;(b)contcsts in good faith thc licn � - '".'
<br /> j by, or dcfends against enforccment of thc lien in, legal proccedings which in the Lcndcr's opinion operatc to prcvcnt thc ; •
<br /> � enforcement af the lien;or(c) secures from the holder of the licn an agreement satisfactory to Lender su6ordinating the lien tc� ;
<br /> � this Security Instrument.If Lender determines that uny part of the Propeny is subject to a licn which may a��ain priority over this
<br /> i Security Instrument,L,ender may give Bnrrower a nodce identifying the lien.Borrower shall saqsfy the licn or take one or more �
<br /> I of thc actions sct fonh abovc within 10 days of the giving of noGcc. j
<br /> Form 3028 B/80 �
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