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<br /> . . TOGfiTHER WITH all the improvements now or heceafter emted on the property.and all easements.x�pp�![[EAa�and � . ,,�
<br /> Sxtures now or hereafter a part of the pmpecty. All replacemrnts and additions sl�all also be cavered 6y this Security ' � •
<br /> • In�trumen[.All af the foregoins is cefer�l to in tdis Securiry insmiment as the°Pcoperty' � � ' .• ' ` °
<br /> - . BORROWER CUVENANTS tLat Borrower is lawfiilly seised of the estate hereby conveyed and has the right tu gzaru and � ' -,1,
<br /> . ' comrey the Ptoperty aad that tfie Property is unencumbered, rxcept for encwnbrances of ze:cord Borrower watrents and will � �
<br /> ---- _- defend generaUy the dde to the Property agaiast ali claims and demands,sabjecc to aay en�,�uubran�s nf record. � -- - .- ` _-
<br /> THIS SECURITY INSTRUMENT combines uniform covenants fnr national use and non-nnifom►rnvrnants with limited ,,
<br /> . � variadosu by jurisdiction to coastitute a nniform secauity ins�ument covering real property. .
<br /> iJNIFORM COVENANTS.Borruwer and Lxnder covenant and agcee as follaws: . . .
<br /> • ' l. Paymeit of Priacipa! and Interest; PrepaytneIIt and Late C6arges. Borrower shall P��Y PaY when due the - _-
<br /> � ` , principal of and interest on the debt evideaced by the Note and any prepayment and late charges due under the Note. � .
<br /> ` 2.F�►ds for Tascs and Ias�ance.Sabject to applicable taw or to a written waiver by Lender, Borrower sha11 pay to � • . . . '
<br /> Lender on the day manthly payments are due ander dte Note.tmtil the Note is paid in faU.a sum('Funds°)for.(a)yearly taxes . . ,,::�.•,,
<br /> � , � and ass�sments which may attaiw priority over this Security Instr�ment as a liPn an the Property;(b)Yeariy l�old payments . • ?•'--
<br /> t
<br /> . �`�Fi�''Y'-
<br />- . . ' • ar gmnnd rents on the Prapect9,��Y:(�?Yearly har,trd or properry iasuiance pnemiums;(�Yeaiiy fload insura�uoe p�mns. . . .:�.::
<br /> ��Y: le)Yearly martgage insazance pre�niBmS,if nny;and(�anY sums PaYable iry Bo:rower to Ixnder,in socordance with • .. `�.�- ._
<br /> � the pmvisions of paragrapli 8,in lieu of the payment of mortgage ins�uance premiams.These items are called°Fscrow Items.' � , . `a �,`-�
<br /> :` ; Lender may,at any time, wllect and hotd Funds in an amount not to exc;eed the maximum amoant a 2ender for a federaily � . ' �:• -�
<br /> - • ' :� mlated mortgage loan maq require for Borrower's escrow account under the federal Real Estate Seulement Proced�res Act of ,.�;;� - n �;`
<br /> 19T4 as amended fmm time w�e, 12 U.S.C.Secxion 26U1 et seq. (°RESPA").ualess another law tLat appties w the Fands � �.`� ,':. �`
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<br /> sets a lesser amount. If so,Lender may,at anp time. collecx and hold Fnnds in an amonnt nat to exceed the lesser amuunt. F ;:'x`: .:-- ,��`
<br /> ' � Lender may estimate the amonnt of Fosuts due on t he basis o f current d ata a n d reaso n a b le e s�t i m a tes o f e x p e n d i t u r e s o f f n t n c e . ' �.
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<br /> , 8scrow Items or otherwise in accordance with a�plicable law. r �`�J`
<br /> ' The Fonds shall be held in an instituuon whose deposit�are insuted hy a federal agency, wsdn�mentatity, ar entity . . ��':';"s'�,;:
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<br /> - . � ('incln�ng I.ender.if Lender is sach an institation)or in any Federal Home Loan Bank L.euder sball apply the Funds to pay the -_ . ;:,.�.;�':,;:
<br /> ,. s Escrow Items.Lender may not cbarge Boaower for halding and agplying the Fnnds.anuaally analyzin8 the escrow account.or •: .'..�'.;_�
<br /> `t` `'� verifying the Escrow Items.anless L�nder paps Bonower inte�+est on the Fands and agplicabte law peimits Lender to make s�tch ';•. :�'�;����.'��:)'_�
<br />� �,1 • ��L�.I�L+fINS:.
<br /> • a charge. However,Lender may regnire Borrower to pay a one-time charge for an independent real estate tax reponing senrice
<br /> .� used by Lender m conaection with t6is loan, untess applicable law pmvides othervrise. Unless an agreemeat is made ar . . �.}�'�.;
<br /> applicable law iequires interest to be paid,Lender shall not be m,quired to pay Borrower any inter�st or easnings on the Funds. ;`' �`:_:•;
<br /> . � . � Borrower and Leader may agree ia wtiting.however,that interest shaU 6e paid on the Funds. Lender shall give to Borrower, • :,.�,:;:r�;;`
<br /> wIthwt charge. an anaual accoanting of the Fuads.showing crediu aad debits to the Funds and the purpose for wJuch eac6 ,_ �;-.+j�'•`'`
<br /> .:�� ' •f debit to the Fw�ds was made.T6e Funds are pledged as additiunal security for all svms secured by this Security Insttvmeai. ` :"�. , , -;:,c.;°-�:
<br /> •• If the Funds held by Lender exceed the amounts pemutted ta be held by app�ica6le law.Lender shall acsount to Borrower ._ :"�z;
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<br /> � � for the excess Fuads ia accordaace with the requirements of applicable law. If the amount of the Funds held by Lender at any • �..��r__
<br /> ' time is nat sufficient to pay the Fscrow Items when due.Lender may so notify Borrower in wri6ng.and,in such case Borrower � �;__•X.
<br /> . ', shall pay to Lender t�e amount necessary to matce up the defieieaey. Horrower svall ma�ce up the defieieney in no mare thw .�`� : •"��
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<br /> • twelve monthly paymeats,at Lender's sole discrerion. � •'�_���`"
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<br /> � • Upon payment in full of all sums secured by this Security Instrument, Lender shaU pmmpdy refund to Borrower any . - �';�
<br /> • � Fuads hetd by Lender.If.uader paragaph 21.Lender shall acquire or sell the Property.Lender.prior to the acquisidon nr sale � ;::'i>_�
<br /> • • " of the Property.sLall apply any Funds held by L.eader at the time af acguisidon or sale as a credit against the sums sec�ued by • : '' 1
<br /> ..+ this Secarity Instnsmen� -: -•- .
<br /> t 3.AppliraUon of Payments.Udess applicable law pmvides atherwise.all paymeats received by Lender under patagaphs '�� ��
<br />_ . • ; I and 2 shall be applled: first, to any prepayment charges due under the Note;second,to arnounts payable under paragraph 2; -
<br /> • . � third.w interest due:fosuth.to principal due;and last,to any lare charges due uader the Note. ��
<br /> � ' '� 4.Charges;l.lens. Borrower shall pay all taxes.assessmenu,charges,fines attd imposidons attributable to the Property • � : �, , r
<br /> _ � . � whicb may attain priority wer tt�iis Security lnstrument, and teasehold paymeats os ground rents. if any. Barrower shall pay . , . .
<br /> • , these oAligations in the manner ptavided In paragtaph 2.or if not paid in that manner.Borrower shall pay them on time directly . �` •
<br /> � � to the person owed paymenG Borrower shall prompdy fumish to Lender all nodces of amounts to be paid under tlus para�raph. •
<br /> .i If Borrower makes these payments direcdy.Bonower shall promptly farnish to Lender recttipts evidencing the payments.
<br /> � Borrower shall prompdy discLarge any lien wtuch has priority over this Secwity Inswment unless Borrower.(a)agrees in •
<br /> � � � writing to the payment of the abligati�n securecl by thc lien in a manner acceptable to Lender.(b)contests in good faith the lien , , .
<br /> � by. or dCfends against enforcement of the liea in. legal praceedings�w�ich in the Lender's opi�*'on operate to prevent the . •
<br /> . enforcemeat of the lien: or(c)secures from the holder of t�e lien an agreement sapsfactory to Len�:r subordinating the lien to .
<br /> • ; t6is Secutity lnsuument. If Lender determiaes that any part of the Property is subject to a lien which may attain priority over •
<br /> •� • this Security lastiument. Letuler may give Borrower a nodce identifying the lien.Bonower 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 90 i ,
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