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<br /> TOGETHER W1TH all the improvemeau now or hereaRer erected on the P�P�Y,and all easements,aPPurtenances,and . ` �-
<br />' ''� .` . , � fixtures now or heieafter a part of the pmperry. Alt replacements and additio�c shall also be covered by this Seauity .�. :`: . • .
<br /> : Insttumen�All of ttte fosegoing is refeTred to iu this Security in�r�+�ment as the"Propert}+•° _ �
<br />'..z.: , ,:,;_�- BORROWER COVENANTS that Borrower is lawfi�lly seised of the cstace hereby conveyed and has the right to grant and ,.
<br /> ' : •; wnvey the Property and that the Pragerty is unencumbered,except for eacumbrances of record. Borrower wanants and will — -
<br /> - -• . defend gweraily the atle w the P mPertY against all claims and demands,subjecc to any enavmbrances of recorct. _ :� _
<br /> en
<br /> �-: . THIS SECURITY INSTRUMENT combines uniform cov�for national use and non-uniform covenants with limited { ,"
<br /> ' � ` variadons t�3'lurisdiction to constinue a uniform security incsmm�t eover'mg real pmpeAY- 5`� iy,�.�''"
<br /> �-',_ ��'. .��: :'-;i.y>v�'t _
<br /> - , ` �:s LT�QRM COVENAN'TS.Bonower and Lender coven�t and ag�ee as follows: .. �•�.�• .
<br /> l. PaymeM of Prindpal and Interes� PrePeYme�t and Late Cbaiges. Bomnwer shall prompdY PaY when due ihe '.
<br /> �.. _; , ;:.`:z.� :
<br />�.;.= and 1aze charges due under th�e Note.
<br />:5.;, '. � - principat of and interest on the debt evidenced by the Note and anY P�PaY� .. .; .�%, . -
<br /> '` � 2. �rands for Taxes and Insazance. S�bject to applicable !aw or to a written waiver by Lender, Bomnwer shall paY to � •:
<br /> �� � � ` � l�eader on the day monthlY PaYmenu are due under the Note.until the Note is paid in full,a sum('Funds')for.(a)yearly ta�ces : . ' -
<br /> ��, � and assessmenu which maY atcain Priority over this Security Inshvraent as a lien on the Property:(b)Year1Y leasehoid paymenu - �`-.
<br /> �`;, � . � or gcound rents on the Property,if any;(c)Year1Y ha7ar�d or ptoperty insur-ance premiuu�s;(d)Year1Y flood insusance Premiwms. , . - ;`.��
<br /> , . . if any; (e)Yeariy mortgage insurance pretniums,if aay:and(fl �Y S�PaYable by Borrower to Lender.in accordance with —
<br />-��', • . • the pmvisions of paragraph 8.in lieu of the payment of mortgage insutance premiums.These items are called"Escrow Items.° . . �
<br /> �`` Lsader mav, at aay time.collect and hold Funds in an amouat aot to eaceed the maximum aznount a leader for a federally . � .�+�
<br />`�' � �' celated mort�age loan may require for Bor�uwer's escrow accounc ander t6e fe�leral Rral Estate S�ttlemeat Procedures Act of • ; ,
<br /> 8 s':'�:
<br /> u s. . �.:t4 1974 as atneaded grom time to time. 12 U.S.C.Section 2601 et seq.('RF.SPA").unless another law that applies to the Funds _ �
<br /> � � - secs a lesser atnount. If so. Lender cnay. at any cime. collecc and I�old Funds ia ar►amount not to eaceed the lesser amount. _
<br /> �.: ,.3=.�
<br /> Lender may estiraate tbc amount of Funds due oa the basis of current data and reasoaable estimates of expeuditures of future . ,.��
<br /> � Escrow Items or athen�vise in accordance with appliczble law. . or enti �
<br /> .r. .' '�4 1Le Funds shall be held ia aa institution whose deposi[s aze insured by a federal agencY. insu�mentalitY n' � '' ` "
<br /> - . . . ...�:, .._ '-�` -
<br /> _ (iac lu diag L x n der.i f L e n d e r is such an instimtion)or in any Federal Hotne Loaa Bank.lxader shall apPl�teh�w aa:ount or -�k?—
<br /> � � Fscrow Itemq.Lender may not cbarge Borrower for holding smd applying the Funds,annvallY analyzing , y,:-n-_
<br /> • ' . vesifying the Eszrow Items.unless 1-ender pays Borrower intesest on the Funds and applicable law permits Lendec to matce such . �.z.,g,:.�
<br /> . � a charge.However,Ixader may require Borrower w pay a one-time charge for an independent real estate tax reportu►g service ;:�i1 T'�
<br /> � . . usetl by Lender in connecaon with this loan, unless aPPUcable law provides otherwise. lJnless an agreement is made or • •i:,=;"°°
<br /> • , �^'".S applicable law reyui�s interest to be paid,Lender shaU not be reguired to pay Borrower aay interest or earnings on the Funds. •
<br /> � • � Borrower aud Lender may agree in writinS�however, that interest shall be paid ou the Funds.Lender shall give to Barrower, :.•� :� . ��:.�
<br /> without charge, aa annual accounting of the Funds,showing credits aud debits to the Funds and the purpose for which each t . _
<br /> ' ' debit co the Funds was made.The Funds a:e pledged as additional securiry for all sums secured by this Securiry 1�c• ''�`�:
<br /> _. .� If the Funds fleld by l.ender eaceed the amounts permitted to be held by applicable law,Lender shall account����rrower . `;,h�,
<br /> � ' for the excess Funds in accordance with the re4wremencs of applicable iaw. If the amount of the Funds hetd by L e a der at any ,; .��
<br /> ' time is not sufficient to pay[he Escrow Items w�en due.Lender inay so aotify Boaower in writing,aud.in such case Horrawer • - ,. .�r.
<br /> . • s h a l t�=p to Lender the amount necessary co ma.ke up the deSciency.Boaower shall make up the deficiency 3n no more than '.:.',;s;
<br /> .,:.; ' � tweh�e montlily paymenu.at l.ender's sole discretion. �... . —
<br /> - � • . , �;pon payment ia full of all sums secured by this Security Insttument. Leader shall promptly refund to B��wer any __
<br /> ' ' � Funds held by Lender.If.under paragraph 21,Lender shall accNire or sell the Property.Lender,prior to the acquis=:ia�or sale _
<br /> � � of the property,s;zall appiy any Funds held by Lender at the ame of acq�is.coa ar sale as a credit against the swrs sxured by „ _ �;;�_
<br /> �...y this Security lnstiument. '
<br /> T-APP1;��on of Payments.Unless applicable law provides otherwise,all payments received hy l.ender under ParagraPhs ;
<br /> � �. 1 and Z shall be applied: first.to any prepayment charges due under the Note;second.��amouncs payable under�zragraph 2; �• ;
<br /> .'"� � � thud,to interest due;fourth.co principal due:aac!last.to any late charges due under the ATote.
<br /> • 4.Charges;Liens.Borrower shall pay a!1 taxes,assessmeacs.charges.fines and impositions atuibutable to the Property .
<br /> . �. � ` which may attain priority over this Securiry lnstrument, and leasehold paymenu or ground tents, if any. Bonower shall pay .. : .
<br /> ' these vbligations in the manner provided in paragraph 2,or if not paid in that manaer.Borrower shall pay them on Lme direcdy
<br /> .. • � to the person owed payment.Boaower shall promptly fumish to I.ender all notices of amoants to be paid under th;s paragraph. .
<br /> ' If Borrower makes chese payments directly,Borrower shall promptly fumish to l.ender receipts evidencing the payments. ,
<br /> � • - Borrower shali promptly discharge any lien which has priority over this Securiry Instrument unless Borrower: (a)agrees in � .
<br /> � . writing to the payment of the obligation secared by the lien in a manner acceptable to Lender:(b)contests in good faith the lien . •
<br /> � by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion opetate to prevent the �
<br /> � � � enforcement of the lien:or(c>secures from the holder of the lien an agreement satisfactory to l.ender subordinatir.g the lien to .
<br /> • . � this Security Inswment. li Lender determines that any part of the Property is subject to a lien which may aitain prioriry over .
<br /> ' ' this Security Instrument.Lendcr may give Borrower a notice identifying the lien.Bonower shall satisfy the lien or take one or
<br /> �� more of the actions set fonh above within 10 days of the giving of notice. . �
<br /> � ' Form 3028 9190
<br /> _ . � . ��BRINEI�9z+s�-o� va90�o�s tNw.a:�Q� .. .
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