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<br /> �, •� ' . RE-REC(?Rc�ED ��� �C,��S� 9���Q��g � ` �
<br /> � � ' and ali easements.aPFurtenanoes,and i� .t� . ° ;�.�,� -_.
<br /> . . `_-_�� ' TOGETHER WI7'H all the icnproveme,nts aow or hereafter ecected on the pmperty. I . -..._
<br /> this Securiry
<br /> - . f��s now or hereafter a part of the property. F►11 cePlacements a�1 ��tions shall also be covered by ': :
<br /> - � --�°� a is referred to in this SecuritY Ins�um�°t as the"PraPertY•" . `�
<br /> - Instrument.AII of the tare8 in8 and �` _':: ,..-- ,-=,°'c.'-
<br /> �. -..-- �
<br /> . BQ1tROWER COVENANTS that Borcowunencumbe�ceds xcept for encumbrances ofnvrec rd Borrower�warrants and will . : ':.,;, !: _
<br /> � coavey the Property and that the ProPertY ��
<br /> defend generally the dde to the P�operty aSainsc all claims and demaads,subject to any encumbrances of record. � . -_ '�:�.y_�
<br /> `,. e�" .r :�j-..�,, .
<br /> 'f'E3IS SECURITY INSTRUMENT combines uniform covenants for nacional use and non-uniform covenants with limited ( 3r( ` , ,._,
<br /> �•�� wsuument oovering real propert}+• � ,.. � �c'.
<br /> � . � . variations bY jurisdiction to cons6tute a uniform securitY�
<br /> ' ��. UNffORM COVENANTS.Bonower and l.ender covenant and agree�f�°Bormwer shali promptlY PaY when due the ` . -
<br /> . '` . � 1. PaYm e a t of P�inci p a l aad Interest; PrePaYm�snd Late C6asg ` _ ._ T—+.`.
<br /> _ `.,; principal of and interest oa the debi evidenced by the Note and any PrePaYment and late c harges due under the Note. ' � -_
<br /> ect to applicable law or to a written waiver by Lender, Boaower sha11 paY� ;_�:;;i':;--�.-_-
<br /> ,s 2.Fands for Taues and Ias�a�►nce.Sub3 earl taxes : . 4`� __-_.�.-.
<br /> - - Leader on the daY montIily Paymen�s are due under the Note,uatil the Note is paid ia fiill,a sum("Funds') �easehn d payments . : , � -_----
<br /> ' ` �nd assessments wtuch maY atta�Prioriry over this Security lnstrument as a iien on the PcopertY;(b)Y�Y . .
<br /> ,. � hazard or pro etcy ins��Premiums:(d)Y�1Y ftoad msur'uice Premtums, � '��' .
<br /> - or ground rents on the Properf•�,if ai►y;(c)Ye�1Y �d���y�payable by Borrower to Lendes. in accordanr�with _ .� .. _ ___
<br /> . � � if any;(e)Ye�ip mortgage ins�uance Premiums•if any; `�'� �. -:� . _
<br /> � h 8,in lieu of the payment of mortgage insurance Prem��.T���items are called"Es�ow Items."
<br />- - `�= the pmvisions of paragrap _ :.:`--=�.. _.
<br /> 8�"P
<br /> Y. Lender may. at�Y�, CO�� ��hold Funds in an amonnt not to exceed the maximum an°°� a tender for a f Ad of a_
<br /> related mortgage loan may require for Borrower's escrow account nnder the federal Real Estate Setde�ent Prl�oc�res Funds N': �.�- _`
<br /> • f' �.;; 12 U.S.C.Section Z601 e!seg.("�PA"),���o�er law thas app . ��
<br /> 1974 as amended from rime to time, �e��u��d hold Funds in ar►amount not to eaceed the 1�esse�'amount. . .
<br /> , � . ``�• seu a lesser amount.If so. Lender may, at any d�tures of future :;;F�';�'v-^�.•
<br /> and reasonable estimates of exgen � ,..�:._��^_
<br /> . _ �;- I.eader may estimate the amrnmt of Funds due on the baSis of current data . ;_ss�,;<__•�_- =
<br /> • `:�� Itcable law. � '"'�''' �•� '�:
<br /> � �� '�+ Escrow Items or othervvise in accordance with app' b a federal agencY• ins�mentaliry, or entity � ` ,°., �,�
<br />� ' 'fhe Funds shall be held ia aa iastitu rio n w h o s e d e p o s i i s a r e insured Y � �e F��to p a y t h e '`�'�!��
<br /> . ,`f ,'.�'_ �,,r zk�o��:_
<br /> I ' the Funds.annually anatYzinS the escrow account,or :�;—�,.o.•
<br /> - . ('including Lender,if Lender is sach an institution)or in any Federal Home Loan Bank.Lender shall aPP Y •., _.. ...;-
<br /> , - E s c r nw Items.Lender may uot charge Borrower for holding and aPP Y1°g licab!e law perwits i.ender to mase s�ch •.-r]<>— -
<br /> . . ..�.,�` :..�l.��Np:� -I:::-
<br /> the Bscrow Items,unless l.ender pays Borrower inter�st on t h e F u nds and a p p service '::,r'"�`=
<br /> . verifying . �.�?,�r_�_.
<br /> T[tII .c�;�,;c;
<br /> • ire Borrower to pay a one-time charge for an independent real estate tax repo g ,`,_;.,'s,:__.__
<br /> • . . a charge.However.L.ender maY re�N licable law provides otherwise. Unless an agreement is u�ade or , . ,.-.�:;-
<br />- • used by Lender in connection with this loan, unless aPP to a Borrower aay interesc or earninF,s oa the Funds. ��;:. ,�.,�
<br /> � • . , a pplicabte law requires iaterest to be paid,Lender shall not be required p �d on the Fuuds. l.ender shall give ta Borrower, ,_`;,-
<br /> e �•
<br /> a ee in writing.h o w e v e r.t h a t i nterest shall be p ' .;;;. _:-��__
<br /> . - . . ._ Borrower and Lender may 8c ose for w h i c h e a c h ,:,r,'.:.`:��_..
<br /> ' withuut chazge, an annual acco�►tin�°f the Funds, showing crediu and debiu to the Funds and the purp ;;F„ �:
<br /> � • ' for all sums secured by this Securiry Instrument. .;i;:,::._s•.f.
<br /> ::�;,.-
<br /> ' debii to the Funds was made•The Funds are pledged as additional security �icable law.Lender shall aceount to Boaower : �,�.��-�:
<br /> ' � If the Funds held by L e n der ex c e e d t h e a m o u n t s p e r m i a e d to be held by app
<br /> for the excess Funds in accordance with the requirements of applicable law. If the amount of the Fun ds he l d b y I.e n d e r a t a n y ..:��=
<br /> . s�noti Borrower in wciting,ana.in suc�°c�se Borrower ��` f
<br /> = . -- n m e is not sufficient to pay the Escrow ltems when due.Lender maY B o�o w er shail make up the deficieae,��n n�more than -- "J"�
<br /> _ � ", shaU pay to Lender the amount necessary to m a k e u p t h e d e f i c i e n c y. '^����,�...
<br /> , � twelve munthlY Payments.at Lender's sole discretion. ;�;;
<br />`.,, � ' Upon payment in full of all sums secured by this Security Instrument, l.ender S�pder.prior to t�he acq us rion or sale :: .� ."°� �_
<br />- Fwtds held by Len der.I f.un d e r p a r a g r a ph 21.Lender sbail acquire or se11 the Property, •, ;�.
<br /> shall apply anY Fw�ds held by Lender at the titne of acquisition or sale as a cr e dit agai n s t t h e s u m s secured b y ,:
<br />_. .. of the Property, . : •,,.
<br /> ' • ' • this Seeurity insmiment. �.� , •�,:�-�
<br /> . � • 3.Appllcation of Payments.Unless apPlicable law provi under the Note;secoad n o amounts paY b le eiuide r Par g�P Z . ' �
<br /> re ment charges due ' `` �� "
<br /> � •� � � 1 and 2 sha�l be applied: iirst.to aaY P PaY , . •
<br /> � third.to interest due:fowth,to principal due:and last.to any late charges due under the Note.
<br /> ' 4.Charges.Lieas. Borrower shall pay all taxes.assessments,charges, fines and impositions a�tribntable to the Property
<br /> ' which may attain prioriry over this Security lnstrument,and leasehotd payments or ground renu, if any. Bottower shall pay �
<br /> . � these obligations in the manner provided in paragraph 2,or if not paid in that manner.Bonower shall pay them on time directly
<br /> , . • to the person owed payment.Borrower shall promptly furirish��nfumish to Lender receipts eviden ng the payments.��ph
<br /> � If Borrower makes these payments directly.Bonower shall pro p y ees in _:._.: _ •
<br /> ' Bonower shall ptompQy a'•S��Se�Y lien which has priority over this s ble o Lendem N)�e��n good faith he lien ������' ,
<br /> wrting to the payment of the o3ligation secured by the lien in a manner accep
<br /> •:' by, or defends against enforcement of the 11en �n. le o��he liendan agreement sa i factory to i.ender s bo dmating the lien to
<br /> enforcement of the lien;or(c)sccures from the holder �of the Properry is sub}ect to a lien whic6 may attain priority over ,
<br /> • • • this Securiry Instrument. lf Lender determines that any p , . . �
<br /> ' ' . • this Securiry instrument. Lender may give Borrower a notice identifying the lien. Honower shall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of notice. Fa�3028 0 � �
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