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<br /> '`� ow or hereafter �6A�h�p�r�O��Y�a�d all easements. .. S.� ;.4 `£,(.
<br /> ' 'j 'fOGETHER tVITH all the improvements n . .
<br /> , • � � � appurtenances,and fiatutes now or hereaPoet a patt of the property.All replacement4 and additions shall also be covered , - ` � ,
<br /> - � by this Security Instrument A11 of the foregoing is referred to in tWs Sec�mtY Inscrument as the"Property." . ` y z t
<br /> ' . � BORROWER COVENAN'TS that Bprrower is lawtully seised o4 the estate hereby conveyed and has the right to
<br /> � ; , .�.�--� grant and convey the Property and that the Propercy is unencumbered egcePt for encumbrances of record.Borrower - .--� .
<br />_ _ ' _�..__� warfarus asid will defend generaliy tha title to the Property against all claims and demands.suhject to any encumbrances -`---- ----
<br /> ,� ot reoord. � _ . .
<br /> THIS SECJJRFIY INSTRUMENT�°mbines uniform covenants for national use and non'uniform covenants wit h � f
<br /> ' } limited variations by jurisdiction to constitute a utuform securitY insttument co�ering real property. i � _ .
<br /> UIJIFORM COVENANI'S•Borcower and Lendec covenaat and agree as follow� p when due '`�-
<br /> � � � � 1.Payanent of Principal aad lnterest;Prepayment aad I.ete Chssges.Borrower sha11 prom t1Y PaY
<br /> } . _ ; >�`..:_�;.
<br /> . the principal of ared interest on the debt evidenced by the No�baad w or�aa written wai'verc by LenderuB�o�,Noh'
<br /> ' •� • 2. Funds tor Tases aad I�►surance. Subject to app
<br /> . . . � �y to Lender on the day manttily paYmrnts are due undn'the Note.until the Note is paid in full,a sum("Funds"){or. '•..<•.... . : r :
<br /> ; :�...�-��'rA �. � :
<br /> . (8)Y�'l Y��a n d a s s e s s mer►ts wtuch may attain priority over this Security Instrument as a lien on the Property:�b� • ,j,- •
<br /> �, _ y e a r l y 1 e a s e h o l d p a y m e nts or g r ound rents on the Property.i t n�(u��l p�a z a r d s,i f�y�{f�u m s p a t y able � :. '.%�% .-;'
<br /> (d)yeasly flood insuranr,e prem�ums,if any;(e)qearly mortgag ;�5<<.--a::
<br /> . � � by Borrower to Lender.in accordance cvith the provisions af paragraph 8,in lieu of the payment of mortgage insurance .•
<br /> _ � � premiums.'1'hese items ate called"Fscrow Items."Lender may.at any time.coUect and hm'?d Ff��ower's unescrow _ . �����
<br /> amount a lender fos a federally related mortgage loan n►aY re4us� C , '�';;�"�
<br /> � ` to esceed the masimum 12 U.S. . �. •.'-`�_,'
<br /> � ' ` account under the federal Rea1 Fs�tate Settlement Procedures Act of 1974 as amended from time ts�time, , . � , �;,;. _
<br /> . . Ler►der may, , . '.;�:
<br />°-. - � Se�tion 2b01 et seq.("RBSPA`j,unless another Ww that appli�s to the Funds sets a lesser amount�If so, ._ --
<br /> ' ` � ' at any time.collect and hold Funds in aa amount not to esc�eed the lesaer amoun�Lender maq escimate the amount oY _ � _,_—
<br /> :�'- � Funds due on the basis of current data and reasonable estimates of espenditurea of future Fscrow Items or otherwise in _.� ''z=J
<br /> • • • '. � accordance with applicable law. ,insttumentalitq.or entity ��
<br /> The Funds sha11 be hetd in an institution whose deposits are insured bY 8 f��1��7+
<br /> er iq Lender is such aa instituuon)or in any Federal Home Loan Bank-Lender ahall apply the Fundsh �.•,.�.i.`;�4;_
<br /> . ,,-# (inctnding Lend , ,. : :
<br /> x pay the Escrow Itema Lender may not charge Homower for holding and appTying the Funds,anauslly analyz�nS + . ..;;.---_
<br /> ! 1.�."—
<br /> - = escraw account,or verifying the Fscrow Items,unless Lender pays Borrower mterest on the Funds and applicabte law , �__`�.
<br /> � ' : � perm;ta Lender to make such a charge. However, I.ender may require Bonocver to paY a one-time charge fot an �.^`;�.Y�
<br /> �.. �', ��
<br /> . ���' '.••i"..,��_•
<br /> . { . qndependet►t real estate tas reporting service�by Lender in connection with this loaa,unless apPlicable law prov�des ��;��.��
<br /> � �'�. otherwise.Unless an ageement is made or applicable law requires interest to be Paid.Lendec sha1� not b treq n�� , iz_`_�
<br /> , ' � pay Bonower any interest or earnings on the Funds.Borrower and Lender maq agcee in writing,however, , ; �_
<br />: shaU be paid on the Funds.I-ender shall give to Botrower.without charge,aa annual accounting of the Funds,showing � ,.�
<br /> credits and debits to the Funds and the purpose for which each debit to the Funds was made.The Funds are pledged as ..,��,�„
<br /> ' � additianal security 4or sil sums secured by this Security Instrument. licable law,I.ender shall account to =�'�'�'f;a�
<br /> � � If the Funds held by Lendet esceed the amounts permitted to i�e held by app' . > .�'�:a,.:--;:
<br /> . ,�_;;
<br /> ' Borrnwer�or the escess Funds in accordance with the reqo�rements of applicable law.It the amount of the Funds held ; �,•�,�,
<br /> • Ehe Escrow Items when due.Lender may so notify Bortower in writing, ;r=
<br /> • by Lender at any time is not sufficient to pay , • <-
<br /> , and,in such case Borrower shall pay to Lender the amount necessary to make up the de�ciency.Bonoaer shall make , .� `;�,,•�,..
<br /> ,.•..f.�;=.
<br /> • up the de4iciency in no more than twelve monthly payments,at Lender's sole disctetion. �--
<br /> : ::;s��:�"'
<br />'I�`, Upon payment in full of all sums secured by this SecuriEy Instrument,Lender shall pramptly refund ta Horrowet , l,`.;,�,:.m
<br /> ` � any Funds held by Lender.It, under paragraph 21. Lender shall acquire or sell the Property. I.ender, prior w the ' ;�_,
<br /> � ��,�:
<br /> ` : . ' �i acquisition or sale of the Prapercy,shall apply any Funds held by l.ender at the time o4 acquisition or eale as a credit : . �,�
<br /> a�inst the sums secured by this Security Inatrument. "�_
<br /> , . � 3. Application of Payments.Unless applicable law provides otherwise.all payments received by Lender under ' -
<br />_t;�. � .,# paragraphs 1 and 2 shall be applied:�rst.w any prepayment charges due under the Note:second.to amounts payable '
<br /> under paragraph 2;third,to interest due:fourth.w principal due;and last,to any late charges due under the Note.
<br /> .?�` ' ,. ' '• 4. Charges; Liens. Bonower shall pay all tases,assessmems,charges,fines and impositions attributable to the
<br /> '"` Property which may attain griority over this Security Instrument,and leasehold payments or ground ret�ts, ii any. '
<br /> :,,,; � Bonower
<br /> Borrower sha11 pay these obligations in the masuier provided in paragraph 2,or if not paid in that manner,
<br /> _ shall pay them on time ditectty to the person owed payment.Bortower sha11 promptly turnish to Lender all notices of :.�.
<br /> amounts to be paid under thia pat�agaph.lf Bonower makes these payments dire�tly,Borrower ahall promptly fumish ;,r,. .:;
<br /> -- ' to l.ender receipts evidencing the payments. . .
<br />-'�:�;,� � Boreower shall gromptly discharge any lie:�which has priority over this Security Instrument unlesg Barrower:(a) . .
<br /> agees in writing to tha payment of the obligation secured by the lien in a manner acceptable to Lender. (b)contests in
<br /> � good f2itb the lien by,or defends against enforcement of the lier►in,legal proceedingS which in the Lender's opinion .
<br /> operate�o prevent the entorcement o4 tha lien:or (c)secuces from tha holdtr of tha lien an agreement satis4actory to
<br /> '` Lender subordinating the lien to this Security Instrument.If I.ender determines that any part of the Property is subject
<br /> ��. ve Borrorrer a notice ident�fyin$the '
<br /> . . •� to a lien which may attain priority over this�ecurity Instrument.Lender may gi ;
<br /> i lien.Borravrer shall satisfy the lien or take one or more o4 the actions set forth above within 10 days of tha g�ving of
<br /> � i notice. � .
<br /> � Form 30�8 90L� �
<br /> ,
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