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<br /> ` all the im�mvements now or hezeafter erected an the pmperry.and all easements.apPunenances,and � ; ` ° • �. ', '
<br /> - TOGETHER W1TH All replacements and additions shall also be covered by this Security � , ; ..�_ ,
<br /> : • fixtuies now or hereafter a part of the propertY• tasthe'Property." c: `. i`.
<br /> � � insnvment.AlI af the foregoing is refetred to in this Security Iasnumen < "..
<br /> _ BORROPJER COVENANTS that Bo:roaer is lawful�ty s eised i foreencumbrances ofIIrecord. Barrower warran�dt W a ` r : :. '
<br /> .� �"� '`_��• convey t he P r ope rt y an d t h a t t h e P r o p e r c y i s u n e a c a�m b e . ce P ' _ _-
<br /> T�-:.. defend geneiaUy the tide to the Property against all claims and demands.subject to any ea c u m brances o f r e o o r d. -- .- . '-
<br /> ains ��� �
<br /> TEIIS SECURITY INSTRUMENT combines nniform covenants for natioaal use aad non-uniform covenants with limited � .
<br /> ` • urisdiction to constirute a uniform security insuument cavering real pmPenY- ,. .�: . .�°.
<br /> . variations by j Borrower and Lender covenaut and agree as follows: ' �
<br /> . UMFORM COVENANTS. eat and Late Chatges. Borrower shalI promptly pay when due the '. ._. . .
<br /> � - 1. Paymeat of PrindPal ac�d Intercat; PrePaYm a nt artd late charges due under t6e Note. `
<br /> ' , Principal of and'mterest oa the debt evidenced b t he Na���lacv or w a written waiver by L.ender. Bonuwer shall pay to - , _ _
<br /> 2.Fands for Tases and Iasosance. Sablecx t°aPP __
<br /> , - .' L�ender on tbe daY monthi9 Fayme�ts are due undet the Note,u n t i l t h e N o t e i s p a id ia full,a snm("Funearl leaseho d�paym� ` ''`� ' _
<br /> • and assessrnsnts which maY atta�Pn��Y over this Sea�riry Insuument as a lien on the Property;(b)Y Y .��M`.
<br /> if azry;(�)Y��Y h�or proPertY ins�ce Premiums'(�Y�Y fload insnranc�ptemiums, , ..�; .�.
<br /> � or groand renu on the ProPertY, Iemi�mos,if any and (��Y�PaYable by Borrower to Lender,in accordance aith � _�;_
<br /> .. '" if a�r;(e?Year1Y mortgage insuranre p nt of mortgaSe imsurance P�ums.These items ace called "Fscrow Items." . �.,��,^v�
<br /> . °, the provisions of patagrapb g.in lieu of the payme ��a lender for a federally • ` �"
<br /> time, collect and hold Funds in an amount not to exceed the ma�cimwn ��.; .;:.s. _
<br /> - Lender maY, at an3+ for Bomowu's escrow account under the federal Real Estate Settlement Prucedures Act of . _�,�•�:,
<br /> . • relatecl mortgage loan may requi� , .. � � •. �,�,. �
<br /> � RESPA"),unless another law that apPlies to the Fuuds :,;.�.-,
<br /> 1974 as amended fmm time to t�, 12 U.S.C.Secaon 2601 et seq.(" :`;�.�_
<br /> .. . � = sets a lcsser amount.If so, Lender maY, at anY time, collect and hold Funds in an amount not[o exceed the lesser amount. _.�--- _..j
<br /> 'c_J� -;_:.t�Ea;i'F
<br /> • ' L e n d e r m a y c�t i m a t e t h e a m o u n t of Funds due on the basis uf current data and reasanable estimates of expenditores of future , ��.
<br /> .: � � .. Fscrow Items or otherwise in accordance with applicable law_ • �. ..:����
<br /> � or enrity � .-�,;=y_,
<br /> " The Funds shall be held in an insatutton whase deposiu are insured bY a federal a8��7+' ��e F��to pay the '•�''"
<br /> _ . ._ . � . _,,.�= (including Lender.if Lender is such an institudon)or in any Federal Home Loan Bank.Lxnder shall aPP�Y�esctow account,or °` _ �_ :�•4`;f;i-:
<br /> g the Funds,annually analy�►S •-_:.t�.. "�=..:_
<br /> � Escrow Items. Lender may not chuge Bormwer for holdin and aPP1yt°� `. r,.�.;� �:�;;
<br /> verifydng the Escmw Items,untess I.ender pays$orrower interest on the Funds aud applicable law permits Lender to make�c�h� ^'.'�t::
<br /> ' '# a charge.Nowever,Lender may Ie9uue Boa�wer to pay a one-rime charge for an independent real estate ta��iT��de or ������
<br /> nm
<br /> lscable law provides otherwise. Unless an ag�n►e �*:�;� `
<br /> . , � - � used iry Lxnder ia com�ection with this loaa, unless app� Boaower an}+interest or eamings on the Funds. r�- �'�i^:�
<br /> �� � applicabie law requires interest to be paid.Lender shaU not be requited to pay . , �,
<br />`'r ' `�-= however.that interesc sha11 be paid on the�unds•I.ender shall give to Borrower. s,;__:^
<br /> , • • • Borrower and Lender mal+a8ree in writing, ose for which each �"i,�_:
<br /> ' withont c6arge,aa annual accouating of the Funds, showing credits and debits w the Funds and the purp ,; �F•.,;
<br /> ' : :� debit to tiie Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. . .�,:�•
<br /> licable law,I.ender shaU accaunt to BoTTOwer _•�„—
<br /> If the Fuads held by Lender exteed the amounts permitted to be held by app
<br /> . . for the excess Fuads in aceordance with the requu�ements of applicable law.If th�ame1�t writing,�in such case Borrower � �.��-�
<br /> ,.' ;�::.=s
<br /> time is not snffic'sent to pay the Escrow Items when due,Lender may s Bo�B shall make up the deficiency in no more thaa : -�'=��::
<br /> ' � . � s1�all PaY to l,.ender the amount necessary to malce up tbe deficiency. �: ;'``��`,'_.
<br /> l.en °
<br /> � �:� twelve monthly Payments,at 1.ender's sole discreaon. .: ,:..: •:._�;�;:;.
<br /> • : Upon payment in fn11 of all sums secured by this Security lnstmment, Lender s�nder.�pri'or o thed tacquisition or sale . . ;�°�'�
<br /> �� Funds held by Lendes.lf,under paragraph 22.w..Ce:��».��=rm�f�P ot sell ttte Ptoperty, _
<br /> •:�:.,___
<br /> � (1'. ' ' A
<br /> x of the Property,shall apply any Funds held by Lender at the time of acquisition or sate as a credit against the sums secuced by . .�.
<br /> , . [his SeCUTity IILStNIneIIt. e
<br /> ��` • � •
<br /> ' � - 3.Appl���on of Payments.lJnless applicable law provides othenvise,all paymeats received by bnder�a der�paraBraPhs :. �7!._
<br /> . 1 and 2 shall be applied• first, to any prepayment charges due under the Note;second,to amounts pay P �p •
<br /> third,to interest due;fourth,to principal duc:and la5t,to any latc charges due under the Note.
<br /> 4.Charges;Lienv.Borrower shall pay aU taxes.assessments,chazges, ��or�dround renu,f any. Bormwer shall pay , � ; �
<br /> � wh9ch may attain ptiority over this Security instrument. and leasehold paym g : .
<br /> � ' • these obligations in the manner provided in paragrapb 2.or if not paid in tha�manner,Borrower shall pay them on time directly -
<br /> � . . to the peison owed payment.Borrower shall promptty fumish to Lender all notices of amounu to be paid under ttus FaraS�Ph�
<br /> � ' If Borrower makes these PaYments directly.Borrower shall promptiy fumish ta I.ender receipts evidencing the payments•
<br /> . , � Bonower shall promptlY dischatge any lien which has priority over this 3e.curity lnstrument nnless Borrower.(a)agrees in
<br /> (b)contests in good faith the lien
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; . .
<br /> , by, or defends against enforcement of the lien in, legal proceedings 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 a�reement satisfactory to Lender subordinating the lien to
<br /> � � i this Security lnstrument. lf Lender determines that any part of the Property is subject to a lien which may attain priority over ..
<br /> � ? this Securlty Instrument.Lender may give Boaower a notice identifying the lien.Boaower shall satisfy the lien or take one or
<br />,. � � more of the actions set fonh above within 10 days of the giving of notice. Form 3o2a 9190 � '
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