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<br /> � � , �.� 9�-���.�� .� i4.: .
<br /> ' 'POGETI�R W1TH aU the impmvemea�s now or hereafter cretted on the pmpeit}r.and all eascm�ts,aAPurtenances.and � .. . �
<br /> ' fiaatt�es rww or h�i a part of the pmperty.AU replacemeats and add�ions shall also 6e coveted by this Security Iastrument :`� ,:
<br /> � ' � AU of the foregoing is iefeaed w in this Seauity Instrumeut as the"Pmperty." . ` . .
<br /> , BORROWER COVENANIS that Bomawer is lawfiiIIy seised of the estate dereby conveyed and haq the ri�t to g�ant aad � ,
<br /> . � • convey the Pmperty aad that the Property is unencumbere�.exceFt for�cumbrances of r�cord. Bmcower w�rrants and will ' `
<br /> _ defeud geae�ally the titte w the Prapeaty agaiast all claims aad demands.subjece to any encumbrances of cecord. � • - - -_-
<br /> - TFIIS SECURITY INSTRUMENT combines unifonn coveaants fw national nse and aon-unifaan ooveaant�with lunited .;. .,.
<br /> - -`---..- - variatioas by jatisdictina ta wnstitute a uniform se�rity instrume�nt coveaing real pmpercy. ( - . .
<br /> �...:
<br /> '. � UNIFORM COVENANTS.Bott�wer and�Lertder coveoant and agtee as follow� - . • ,
<br /> � . L�ym�t of Prindpal end Interest:Prepayment and Late Charges. Boirower s6all QromD�Y DaY when dne the . •. ..
<br /> • ' � piincipal of and iateiest on tke d�t evide�oed by the Not�and any grepayment and Iate charges due�u►der the Note. . • , .
<br /> • • 2.Fands for Tases aQd Insurance. Subject to applisable law or w a written waived by L�ender,Borrower shaU pay w �,;; ,. ,,
<br /> � Lender on the day manthlY PaYments are due�the Note,until the Note is paid in fu4 a sum("Fands'�for.(aj yeariy taxes �• ,, •
<br /> . . • and assessmeats which may auam prioriry over this Security Ins�nmeut ag a liea on the ProP�Y:(b)Y�Y��old payments • � . '�`�
<br /> � � or ground reats on We Propeity.if atly;(C)Yes�ly 6a�rd or proped[y msureIICe pm,miUms;(d)Y?2tly f10od insu[ance me•,�inma,� ."'.�.��. '
<br /> . . �nY.�e)Year1Y mortga8e i�ance premi�ns.if anY:�(��Y��Y�le by Barrower ro Leadei.in accordauce witb ihe � � - _,. '.
<br /> � • piovisians of paiagraph 8,in lieu of the payment of mortgage ins�rance premiams.'I�ese iterns are called "�w Iterns." �'�j'=_
<br /> ; ,r.-•;--
<br />- � Lender may,ai any ume,w12ed�d hold Fands in an amount not to exceed the maximum amoant a teatder for a fede�ally ielated -� • ._�
<br />_ ` . � }. mongsige toan may requue for Barrower's esaow accoant�mde�the fedeial Real Fstarc Seulement Procedares Act of 1974 av •.:;,, `:,
<br /> a. ameuded fmm time m time,I2 U.S.C.S�tion 2601 et seq- (°RESPA").anless anoiher 1aw that app�ies to the Ftuids seL4 a lessed . � °'.� .
<br /> . •-,-� amoimt if so.L�ender may.ai any time.collect�d hoid Faads in aa amount not w exceed the 1es�r amount Lendea may --'.`� � �,.�-
<br /> es5mate tbe amount of Funds cWe on the basis of aurent data and reasomzble estrmates of expendcd�res of fatarc Escrow Iteras or '���•` ' '
<br />. : otheawise in accordance wIth appticable law. y �`•' .
<br />. � The Funds s6all 6e hetd'm�inst�6on whose deposiLS are insvred by a fedeaal age�cy,inswmentality,or eatity Cmc2ading . ..� -
<br /> �� � . '.�• Leadei,if Lwder is sach an ins6dition)or ia any Fede�al Home Loan$auk.Leadea shall apply the Fuads to pay the Bscrow .. r-=:-:�,_,;::.
<br />-. �._. T Itr�s.I�des may not charge Bouower for holding and aPP�S tlie Fands.annually anatyzi�g the escmw atcaunt,oz ve�ifyinS : '"�_�� --
<br /> , the Fscrow Iteaus,untess Lender pays Boriower mt�est on the Funds and applicatole 1aw peamits I.eude,r tn make suc6 a charge. • ,': 3���
<br />_ � . Hnwever,I.endPr may requae Boaower to pay a on�time charge for an independent real estate t�repor�ng se�vice nsed by ' ;.,. •�_ --
<br />: . . Lender in coimectioa with this Ioan,m�less applicable law pravtdes oiherwise.Unless an agreemeau is made or applica�ble law � . ° "`•—-�_
<br /> , . . requaes mte�rest to be paid,L,emder shall noi be requaed to pay Bonower any inteaest or eamings on the Fands.Bormwer and � �.�::.
<br /> - � Lend�may agree in wrieing,however.that II►terest sha11 be p�d on the Fonds.I.eaider shali give tn Barmwer,without charge,an ..;�;� -
<br /> ° � � ` annual ac�anting of the Funds,showmg credits and debits to the Funds and the pmpose for which ear,h debit to the Funds was ., ., a=.
<br /> made.T6e Funds are pledged as additional security for aU snais secared by this Sesauity Instrumeat � ' �.;,,�;
<br />- . � If the Fands held by Lended exceed the amoar�b permitted w be held by applicable law,Lender sl�all arcount w Boaawer for � . ,..,; .-.-�_�-
<br /> - • ' the excess Funds in accordance witb the airements of IIcable law.If the amount of the Funds he�d b Lea�de�r at aA Wne is ,.'::-: '''_^�-�-
<br /> �9 ePP Y Y .�.-.;�.
<br /> not suff'uient w pay the Fscxow Ite�as when due,Lendea may so nosify Bomowex In writing,and.in such case Boaowef shall pay - . •.• ;;�=�_
<br /> �. � w I.end�the amount necessary w make ap the deficiency. Bomower shall make up the deficiency in no more than twelve �• ; '_.�.��+�==•
<br /> . �� . � monthly payments,at Leader's sole discretion. ;- "`��-
<br /> � , U n ent in full of all sums se�ured b this Secauity Insuument,Leaider shall m tl refund to Borrower an Fnnds � •r� .,•`�;;
<br /> Po PaYm Y ��` P� P Y Y • "�x -
<br /> ;, � � .. held by Lendear.If,under paragraph 21,Lender shall acquire or sell the Pnopaty,I.endar,Prior w the acquisition or sala of the � � � '�s'=:
<br /> ; � _ Property.shaU apply any Funds held by Lendea at the time of acyuisition or sale as a credit against the sums secnred by this . . _ : .:���
<br /> , Secarity InstiumenL . .
<br />. 3.ApplIwBon of Payments. Unless ap�licable law provides otherHrise.all payments reoeived by`Lendea•under paragraphs � -
<br /> �, � I and 2 shatl be applied: first,w a�►Y PrePayment charges due under the Note:secand.tn amounts payable uadea paragraph 2; ; --
<br /> � �- . thi�d,w interes!due;fouN►,w principal due:and 1ast,to any late charges due under the Note. � '
<br /> - � 4.C6argea;Liea9. Borrow�r shall pay all taaes.assessments.charges, fiaes and imposidons at�utabie w the Propaty � . ��
<br /> � which may attain pria�iry over this Security Instrumeait,and leasehold payments or ground rents,if any.Boirower shall pay these '-_
<br /> , ' . abligations in the manner provided in paragraph 2.or if not paid in thai mannea,Borrowea shall pay t6em on time direcdy w the . � .
<br /> � , person owed payment Botrower shaU pmmplly fumish to I.ender all notices of amo�ts w be paid under this para�dph.If - ' �`':�� : • :.
<br /> .. Bonower makes these payments directly,Borrower shall prompIIy fumish w L.cnd�recelpts evidencu�g ihe payments. . . . • ' .
<br /> , . Borrower sdall pmmptly discharge any lien which hag priarity aver this Seauity Instruirtent unles4 Boaowea:(a)agrces in . • •
<br />.... wriUng w thc paymeet of the abllgation sec�re�by the lien in a manner acceptab2e w l.ender;@)contests in good faith the lien � . . , '
<br /> � by,or dcfends against enforcement of the lien in. legal proceedings which in the Lender's opinion opeaate to prevent the � .
<br /> �;�.! :. enforcement of the lien:or(c)secures from the hotder of the l�Ea an agreement satisfacwry to Lender subordinating the tien w � ' � � .
<br /> - . ' this Security Inswment If Lender determines that any part of�e Prop�ty is subject to a lien which may atrain priority over ihis � :
<br /> � : :� Security Instrument,Lender may give Boaowcr a notice identifying the lien.Botrowea shall satisfy the lien or take one or more ' . •
<br /> of the actions set fonh above within 10 days of the giving of notice. '
<br /> ' Form 80Z8 9190 '
<br /> . { 4 �-eR�NE)�sa�2�•o� aaea2o�e mn�a�a: • ' . '
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