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<br /> vements now or hereafter erected on the propeity.and all easements,aPPur[enances.and . . .
<br /> ' � - `i TOGFsTHER WITH all the impro : . .
<br /> , ` fix[uies now or hereafter a gan of the pruperty. All replacements and additions shall also be wvered by this Securiry� .
<br /> � . *`� lastnunent.All of the foregoing is referred to in this Security Instra�ent as t6e'Property." ..
<br /> ` BORROWER COVENAN'fS that Borrou'er is lawfiiUy seised of the estat�1�erebY conveyed and has the right to grant and� �` �
<br /> � ,`'� �s uneucumbeied, except for encumbrances of record. Boaower warrauts aad� � ` `< ' .
<br /> . �.. convey the Property and that ttie Propenl+ � __. - - -.
<br />- � .- - - defend generally the ri t l e to t he P r op e rt Y a g a i n s t a ll c l a i m s a n d d e m a nds.sub ject to any encwnbrances of record. - -- - -' -
<br /> THIS SECURTF1t INSTEtUMENT�°mbm��°�COY�1°�for national use and non-uniform covenants witi� ' ' �-
<br /> . . ,. ,.`. � ,. .
<br /> � variations by jurisdiaion to constitute a uniform seauiry inswment coverin�real p�P�Y• ` � : .
<br /> ... ' UNIFORM COVENANTS.Borrower and I.ender covenaat and agree B o t mw er shall pro m P U Y PaY wl�en due th - � - �-:' �� .
<br /> - • � • - 1. Faym�t of Princi p a t an d I n i e r e s� Y re p a Y m r n t a n d L a t e C h a r g e s. late charges due nnder che Note. � a J...a�:: :`.•
<br />_ . principal of ansl interest oa the debt evideaced bY the Note and aaY PrePaYm� � � .`.:
<br /> � ' 2.Fomds for Taxes and Insuramce.Subject to applicable law or w a written waiver by I.ender, Bormwer shall pay to . :V'
<br /> ` . Lender on the day montht}+paymeats are due under the Note,�mW the Note is paid in fiill,a sum("Funds")for.(a)Yea�1Y� ,. ',;`;7:.•
<br /> t as a lien on the Property;N)y�ly teasehold payments �,: _
<br /> .. • . • ' a n d a s s e s s m e n t s w h i c h m a y a tt a i n p riori ty over this Securiry Insaumen remiums;(d)Y e a r 1Y Q o o d i n s�u a n c e P r e m i u m s, �. ,,`I,`. �---
<br /> � c euly ha7ard or properry insurance P :"'�`'`-
<br /> or grnuad rents oa the PmpeccY•� a�►Y;()Y � �p��le by Bortower to Lender,in accordance with -
<br /> , - if aay;(e)Year1Y mortgaSe wsuiance P�ums.if an3►;and(� Y
<br />- r � the pmvisions of paragraph 8,in lieu of the payment uf mortgage insurance premiums.These items are called"Fscrow Items." �
<br /> �a��y� �any pme, collect and hold Funds in an amount not to excced the ma�im��►°unt a lender for a fedcrallY ��;:��
<br /> . � related mortgage loan may recNire for Borrawer's escrow account under the federal Real Estate Sealement Pracedures Act of .. �: __-
<br /> � s��� 12 U.S.C.Section 2601 et seq. ('RF.SPA").unless another law that applies to the Fuads ..��
<br /> 1974 as amended from time to[ime. ,�._=
<br /> : � _.. sets a lesser amounL ff so.Lender may,at any cime, collect aad hold F�mds in an amount nos co exceed the le.�ser amount. _ .__. . t�r�-.
<br /> . Lender msy esamate the aatount of Funds due on the basis of cucrent data and reasonable estimates of expenditures af future '. �T
<br /> _ � plicable taw. •`�"'��6:�-.
<br /> . ... '� � Fscrow Items or otherwise in acco r d a nce with ap
<br /> � .. . The Funds shhall be held in aa institution whose deposits are insured by a federal agency, insaumentality, or entity •..',��:,__,:�*-;
<br /> • . . ('wcluding Lender.if I,ender is such an insutution)or in any Federal Home Loan Bank.Lender shail agply the Fuuds to pay the �,.
<br /> ` . . - Escrow Items.Ixnder may not charge Borrower for holding and apPIY�B�F�,��ly analyzin&the escrow accatmt.or ;.--�»
<br /> .:�r�z��:
<br /> `' the Fscrow Items,ualess Lender paYs Borcower uuerest on the Funds aad applicable law permits 1�encler to make such '• ;,:.y�-a-�
<br /> - ' ,•: , verifyinS
<br /> ' a charge.However,I.ender may re�Nire Borrower to pay a one-time charge for an indeP�dent real estate tax rep�rting se�ice .".A`�""`� ,
<br /> . �� by Lender in connection with this loan. unless applicabte law pmvides otherwise. Unless an agreement is made or .•�.�Q^
<br />- applicable law requises interesc to be paid, L.ender shaU not be required w paY Borrower anY�nte��°r�&�on the Funds. � �'1
<br /> ..; i'�''i<�.
<br /> � � Borrower and Lender may agree in writing,however.that interest shaU be paid on the Funds.i.ender shall�for which�each ---
<br /> wiWout charge, an annual accounting of the Funds. showing credits and debits to the Fands and the Purpos �:�°,
<br />� " debit to tlte Funds was made.The Funds are pledged as additiunal securitY for all 1�les l�aw�bLx�����t��ower
<br /> � • - If the Fuuds heid by l.ender eaceed the amow►ts permitted to be held by app' r_;.��:
<br /> `' • " for the eacess Funds in accordance with�e recNu���of applicable law. If the awount of the Funds held by Le�der at aay ��
<br /> � time is not sufficient to pay the Escrow Items whea due,lxader may so notify Borrower in weidng,aad.u►such case Borrower .� �;` �.:,.F�`_l
<br />- shaU pay co Lender the amount necessary to make up the deficiency. Borrower shall malce up the defictensy in no more than ,�,_ .�5_,
<br /> �s
<br />� ' � twelve montlily payments,at Lender's sote discreuon. -_
<br /> . ; Upon payment in full of aU sums secured by this Security Inswment. l.ender shall promptly refund w Borrower any �_
<br /> ` � Funds held by Lender.If,under paragraph 21,Lender shall acquire or sell the Property.Lender.prior to the acquisition or saIe
<br /> Funds beld b Lender at the time of acquisition or sale as a credit against the sums secured by . • •�-���
<br /> � of the Property,shall aPP�Y anY Y `''�'..-
<br /> � � � this Security Insaument. p ments received by Lender wsder paragraphs .
<br /> ' � � 3.AppllcatIon of Peyments.Unless applicabte law rovides otherwise.all pay �2�
<br /> ;�'• .• 1 and 2 shall be applied: first,to any prepayment chazges due under the Note: second,to amoants payable wnder paragrap � .
<br /> " � � • ' third.to interest due;founh,to principal due;and last.to any late charges due under the Note. `� `, ;"-
<br /> 4.Chs+rges:Lieag.Boaower shall pay all taxes,assessmenu,charges, fines and impositions attnbutable to We Property : .
<br /> � which may attain priority over this Security instrument, and leasehold payments or ground rents,if any. Bonower shall pay
<br /> � . these obligattons in the manner provided in patagnP3�2•o=�f not paid in that marmer, Borrower shall pay them on time directly • ,, .
<br />'`'' t o t hs p e r s o n o w e d p a y m e n t.B onower shall prom ptly fiunish to Lender all notices of amounu to 6e paid under this paragcaph. � •:;�.;,
<br />, �, : ,
<br /> If Borrower makes t hese paymen t s directl y,Borrower shall promptly fumish to I.ender receipts evi dencing t t te p a y m e n t s.
<br /> `..; • ' Borrower shall promptty discharge F►ny lien which hac prioriry over this Securiry lnstrument unless Boaower: (a)agrees in
<br /> - ; writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contesu in good faith the lien
<br /> , � � by, or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prevent ttte
<br /> � f enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> � 1 this Security Instnunent.If Lender determines that any part of the Property is subject to a lien whicji may attain priority over •
<br /> this Security Instrument,l.ender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or talce one or .,
<br /> ' ` morc of the actions set forth above within 10 days of the giving of notice.
<br /> i Farm 3028 9190 . '
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