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<br /> . . : • Tp�,�R WITH all the improvements now or hemafter erecced on the property.and all easemenu,appurtenunoes.and
<br /> ` � fixtures now or hereafter a part of the property. Al1 replacemenu and additions shall also be rnvered by this Security �
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<br /> . „ . Instrument.All of the foregoing is refemed to in this Security Instrument as the"Properry."
<br /> � ' 80RROWER COVENANTS that Borrower is Sawfully seised of the estsrte hereby conveyed and has the right to grant and `�:�
<br /> ` ��:r. convey the Property and that che Property is unencumben�. exoept for encumbrances of record. Borrower warrants and wiU . .
<br /> �.-�,�,� � �
<br /> s defend generally the tide to the Property against all claims and demar►as•sublect w anY encumbrances of record. + _ • I '
<br /> - - 1'HLS SECURII'y�`iS1'RUIytENT combines unifcxm covenants for national use and non-u�riform covenants with limited .`
<br /> ` �' . ''°. . variarions by jurisdiction to constitute a uniform security instrument covering real property• , � '�
<br /> ` '�, tJI�iIFORM COVENANTS. Borrower and Lender covenant and agree as foltows:
<br /> � • <,. a when d�e the .�;F .
<br /> �: 1. Payment of F�incipal and Intercgt:PcepaYment and Late Cbarges. Borrower shall promPUY P Y . ,, •. �
<br /> ,s: µ.. ` • _ en�and late charges due under the Note. , .
<br /> • • princi p a i o f and interest on the debt evidenced by the Note and any prepaYm . .
<br /> .�,��. ; � Z, Fnnds for Taxes and lnsarar►ce-Subjece to applicable law or ta a written waiver by Lender.Borrower s h a t l pay w �i.,, • L
<br /> ' . Lender on the day montply PaYments are due under the Note,urtil the Note is paid in full,a sum("Fu�i, leaseho d�y�nts • -��{
<br /> ;s� � ' and assessments which may attain priority over this Security Insuument as a lien on the Property:(b)y Y PaY� _
<br /> or grouad rents on the Propecry.if any:(c)YeatlY hazard or propercy iasurance premiums:(d)yearly fload insurance premiums, • ;:�=-�-� .
<br /> sums a abte b Borrower to Lender, in accordance a'►th ••-�t =�, `--
<br /> ;��.�'t,> ,,;` �° if any; (e)YeazlY mQ�Se insurance premiur�u. if any:and(�anY P Y Y ,:t. ..�.-:.
<br /> � ''.:�ii..;: •` the provisions of paragraph S.in lieu of the payment of mo e insurance ums.'I7►ese iterns are cal1ed"Fscr°w Itecns." ;;�.:,, . _
<br /> Tcgag P� ,.i',.`
<br /> ��`("''"�'�"�� �t time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally
<br /> l.ender tnay, at anY `���.r. ` . •'_
<br /> s:,.__�"r..�i�r?•: ' -
<br /> �`;,,":;;•;.��" �-;. retated mortgage Iaan maY re9uire for Borrower's escrow accouni under the federal Rea! Estate Settlement Procedures Act of �
<br /> , ;:-' 1y74 as amended from time to time. 12 U.S.C.Section 2601 et.reg. ("RFSPA").untess another law that applies to the Funds �_
<br /> ^'��^'`�� ` seU a lesser amaunt. lf so. Lender may.ai a�►Y ti►►te• collect and hold Funds in an amount not to exceed the lesser amount. �;6°
<br /> --;�:d.r � _ � —
<br /> ' �t.:; .- •" Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expeaditur2s of fnture • �.�
<br /> ': .��,.:'.;, ,; .�F � , ''; .�. ����
<br /> Escmw items or othenvise in accordance with applicable law.
<br /> ' � �r�` The Fattds shall be held in an institudon whose deposits are insured by a federal agency, inswcnentality, or entity , �:;_ ��sr-•
<br /> r-.�.:.
<br /> �,. .�,;�` .. ,_ (incWding i.ender.if Lender is such an institution)or in any Federal Home Loan Bank•I.ender shaU apply the Funds to pay the , �, , . ;�,�
<br />_,_,.. : a.':'- _
<br /> � Escrow ltems.Lender may not charge Borrower for 6olding and upplying the Funds.annuaUy analyzing the escrow account,or _� .�
<br /> �'; PP p .,�:.•: �^-
<br /> ,� ., . . , verifying the Escrow Items.unless Lender pays Borrower interest on the Funds aad a licable!aw ermits Lender to make such '-, - arr
<br /> a charge.However. I.ender may require Borrower to pay a one-rime charge for an independent real estate tax reportins senrice :.,,,��:• ,;:��
<br /> � �> osed by Lender in connection with this loan. unless applicable law provides otfierwise. Unless an agreement is made or �; _
<br /> ,.; . � � p p Borrower an interest or eamings on the Funds.
<br /> � ' ' appiicabte law r ires interest to be aid,i.ender shall not be mquired to ay Y , ' . .
<br /> � Bonower and L.ender may agree in writing, however, that interest shall be paid on the Funds. I.ender shall give to Borrower, ;,_, ..., _ y _
<br /> ` .
<br /> . . without charge, an annual accounting of the Funds, showing credits and debits to th�Funds and the purpose for which each ;�_
<br /> debit to the Funds was made.The Funds are pledged as additional seturity for all sums secured by this Security Insuument. ,,.;;,�,r.,:. �
<br /> � -.._,��.
<br /> , , If the Funds held by Lender excxed che a�naunts permitted to be held by applicable law,Lender shall account to Borrower ��,., - �
<br /> ' - �-� -� —� for the excess Funds in accordance with the requitements of applicable law. If the amount of the Funds held by 1..ender at any .::,�_
<br /> � . Nme is not su�cient to pay the Fscrow Items when due.Lender may so notify Borrower in wsipng.and.in such case Borrawer �.�;�"
<br /> - , shall pay to Leuder the amount necessary to make up the deficiency. Borrower shal) make up che deficiency in no more than � �.T<
<br /> � twel�•e monthly payments,at Lender's sole discretion. •,
<br /> � Upon payment in full of all sums securecl by this Sccurity Instroment. Lender shall promptly tefund to Bormwer any J �'`�_
<br /> � � � . Funds hetd by Lender.If. under paragraph 21.L,ender shall acquire or seU the Property.l-ender.prior to the acquisiUon or sale �'� �� ' �s=
<br /> � '. :� of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by -_
<br /> ,';, . , . ' � .
<br /> this Securiry Instrument.
<br /> � • � - 3.Application of Paymems.Unless applicable law provides�therwise,all payments received bpy Lender undepr paragrap2s
<br /> . � .. � 1 and 2 shall be applied: first, to any prepayment charges due under the Note:second,to amounu a able under aragrap ' ,
<br /> third.to interest dne;foarth,to principal due:and last,to any late charges due under the Note.
<br /> � # 4.Charges: Liens. Borrower shall pay all taxes,assessments,charges. fines and impositions attributable to the Property . .
<br /> � which may attain priority over this Security Instru�nent, and leasehold paymerr.s or graund rents, if any. Borrower shall pay
<br /> , � � ,l [hese obligations in the manner provided in paragraph 2.ar if not paid in that manner.Borrower shall pay them on time directly
<br /> , � to the persan owed payment. Borrower shail promptty furnish to Lender all notices of amounts to be paid under this paragraph.
<br />• ; � � � if Bonower makes these payments directiy.Bonower shall promptly furnish to Lender receipts evidencing the payments. . .
<br /> Borrower shall promptly dischargc any lien which has priority over this Security Instrument unless Borrower:(a)agreec in
<br /> , .. 's . , writing to the payment of the obligation secured by the lien in a manncr acceptable ta l.ender:{b>cantests in good faith the liere ,
<br /> ... �:� •'•� by, or defends against enforcement af the lien in. legal pracceJings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien: or(c) secures from the holder of the lien an agreement sati�factory to Lender subordinating the lien to
<br /> � this Security]nstrument. If Lender dctermines that any part of the Prope.•ty is subject to a lien which may attain priority over . •
<br /> • . this Security lnstrument. Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or
<br /> ° � more of the actions set forth above within 10 days of the giving of notice.
<br /> . Form 3028 9190 ,
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