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<br /> ° ' .��; 'POGETI�R WfPH all thc i�nprovemenu now or hereaftcr erected on the m �� �f1�sv�a� � ' '- .,`.4,I,•`
<br /> P P�Y�an ease�ents,aPPnrtenances.and l ;
<br />_ _ fuctiucs now on c�reafter a part of the property.All replaceanents and addidons shall also be cavcred by this Security Instrument ; � ,`. •
<br />. All of the foregoing is refcrred to in this Seciuity Instrument as the"Property." , , � . '
<br />�r . .`.� BORROWER COVENANI'S that Horrower is lawfully seised of the estate ltereby canveyed and has the right to grant and
<br />_ _ _ • convey the Property and thai the Pro �s anencumbered,ac ��_�----:r-::_.—.`�Y.
<br />_ - , -.�==--° P�Y � cept for encumbraaoes of record. Borrowcr warrants and w�71
<br /> • , de fen d ges�erally the title to the ProPertY aY�iast all claims and demands,subjecx tfl any encumbrances of�ecord. � `,,. �,�:
<br /> i THIS SECURTTY INSTRU1v�1VT combines uniform wvenants for national use and non-nniform covenanu with limited E r ',: '. �.
<br /> I wariations by jurisdicuon to constimte a uniform security insuument covering real P�P�Y• " ._. -
<br /> - , `I UIVIFQRM COVENAN1s.Borrower and I.ender covenaat and agee as follows -- . '
<br />`- � , • �,f 1.Payruent oP Prtncipal aad Interest;Prepaymea!and Late Charges. Bomnwer shall promP�Y PaY when due the ` .
<br />:s;: -. PrinciPal of and a�terest on the debt evidenced by the Nate and any PrePa}'ment and late charges due vnder the Note. ' .
<br /> �, .. 2.Funds fos Taxes aQd Iasnrance. Sub,{ect w applicable taw or tn a wriuen waiv�by Lender, Borrower shall pay to .
<br /> i� Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("F:mds'�for.(a)ycarly tues `
<br /> f� � ' and asses,uuents which may anain priority over this Security Inshvment as a tien on the ProP�Y.�)Y�rly leasehold payatents , . '.- �
<br /> ;.: ' . or ground rents on the �f an • c earl ha7ard or ro :.�' ;�:
<br /> �Y,' y,( )Y Y P P�Y���P��:(d)Yeariy tlnod'uisarance premiums,if . . . .
<br /> `,r:. � ' . , � azty:(e) Yearly mortgage insuiance premiums,if any:and(�anY svms Payable by Borrower to Lendea,in accordance with the .
<br /> ::<�. . � provisians of paragraph 8, in lieu of the payment of mortgage ins�rance premiums. 1he.ce items are called "Escrow Items.° .V ; ,�` ��"'�``"
<br /> i; , �. �der maY.ai anY wne,collcx:t and hold Fnnds in an amount not t�exceed the maximum arnount a lender for a federally related
<br /> : . mortgage loan may requue for Borrower's escrow account under the federal Real Fslate Seutament Procedures Act of 19'74 as :;:.% `-� . -
<br /> �� '._- '°": ,. =-_,y:�.
<br />,�' ` . a�cended from time tn time, 12 U.S.C.Section 260t et seq. ("RESPA"),unless another 1aw that applies Oo the Funds sets a lesser - . . u.°
<br /> `_ ' acnount If so, Leader may,at any time,colleci aud hold Funds in an amount not to exceed the Iessea amount Ler►der may , "`
<br />"?`' . . estimate the amouni of Funds due on the basis of current data and reasonable eswnates of expendiwres of fwaue Escrow Items or
<br /> .�:ti othernise in accordance with �, , s-
<br /> aPPhcab1e law.
<br />_ .: � � TUe F�nds shall be held in an instiwtion whosc deposits�e insured by a federal aSencY,instrumentality.or entity(inclad'mg .
<br /> Lender,if Lender is such an ins6tuuon)or m any Federal Home Loan Bank.Lender shaU apply the F�nds to pay the Escrow
<br />_ � Items.L.endea may not charge Borrower for holding and applying the Funds,annuatly analyzing ihe escroW acco�n�,or veri!'qing �
<br /> ; , the Escrow Items,nntess Lender pays Borrower interest on the Funds and lipble law % .',•;�� ' -r
<br /> aPP permits Lender to malce such a charge.
<br /> � ' , _..�• However,Lender may require Borrower to pay a on�time charge for an independent real rstate ta�c reporting service used by . -
<br /> �'� Lender in wnnecdon witb ihis loan,uniess applicable law provides otherwise.Unless an agreement is made or applirab2e law �J
<br /> -•� •, � requires interest w be paid,Lender shaU not be required to pay Borrower any intemst or ea�mings on the Funds.Borrower and 1i , - --_
<br /> �.�1; Lender may agree in writing,however,that interest shall be paid on the Funds.Lender shall give w Borrowar,vrithoat ch . `� � � =_;�-_
<br /> ��� • . '`� annaal accounting of the Funds,showing credits and debits to the Funds and the �e'� .- - _
<br /> - . made.The Funds are pledged as additional security for aU sums secared by this Sec ty I�nstrumen ch each debit w the Funds a+as .. . ,�
<br /> , . lf the Funds hetd by Lender eacceed the amounts permiued W be held by applicable law.Lendea shall aocount to Borrower for � ` � ''"'r�
<br /> . the excess Funds in accordance with the requirements of applicable law.If the amaunt of the Funds held by l,ender at any time is � � � :.;:.;;��.
<br /> not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing,a,nd,in sach case Borrower shall pay , . ._;Y.-
<br /> to Lender the amouni necessary co make up the deficiency. Boirower shall make up the deficiency in no more than iwelve "—
<br />, . � monthly paymenis,at Lertder's sotc di�cretion. ..
<br />;�(.. Upon payment in full of aU sums secured by this Security Instrump�t,I.ender shall prompily refund w Bolrower any Funds � � " "
<br /> held by L.ender. If,und�paragraph 21,Lender shall acquire or sell thc Property,Lcndes,priar to the acyuisi�ion or sale of the �
<br /> ;;`,,_� . Properry, shall apply any Funds held by Lertder at the time of acquisition or salc as a credit against the sems secured by this � .� �
<br /> �� � Security Instrument . . ,, ..
<br /> � �. 3.A lication of Pa
<br /> _� . ; PP yments. Unless applicable!aw providcs otheawise,aIl payments received by Lender under paragraphs ' '�
<br /> .'.;.., ; I and 2 sha11 be applied: fust,to any prepayment charges due under ihe Note;second.to amounts payabte under paragraph 2; ' + '
<br /> � � third,to inuxcst due:fourth,w principal duc;and last,to any latc charges due under thc Note. •
<br /> . • ; 4.Charges;LIens. Borrowcr shall pay all taxes,asses,sments. chargcs, �nes and imposiaons attributabte w the Propcny �� �
<br /> , which may attain pdority over this Security Inswment,and Ieasehold payments or ground rents.if any.Bonower shall pay these �
<br /> � obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on Gme d'uecQy eo the
<br /> . ' person owcd P mP Y � . '
<br /> i paymcnt Borrower shall ro U fumish w Lcnder a11 notices of amonnts to hc paid undcr this paragraph. If '
<br /> , Borrower makes th¢se payments direcdy.Borrower shall pmmpUy furnish to Lcnder receipts evidencing the payments. ' �
<br /> Borrowcr shall promp0y dischargc any lien which has priority over ihis Security lnstrument unless Borrower. (a)agrees in �
<br />, , . writing to the payment of the obligadon secured by the licn in a manner acceptable to L.ender;(b)contests in gaod faith the lien
<br /> ' by. or dMcnds against cnforccment oP thc lien in. tegal procecdings which in thc Lendcr's opmion operatc to prcvcnt the
<br /> � � enforcemcnt of thc licn;or(c)sccures from thc holder of the lien an agrcement satisfactory w Lendcr subordinating the lien to ' �
<br /> � ` this Security lnsUrumenl.If Lender determines that any part of the Properiy is subject to a lien which may auain prioriry over this
<br /> �_ , � � Security Inswment,Lendcr may givc Boaower a notice identifying the licn.Borrowcr shall satisfy thc lien or take onc or morc � •
<br /> • of thc acGons set forth abovc within 10 days of thc giving of nouce. • .
<br /> •Aw� Form 3028 9�90
<br /> ;'�. . �/,uws-8R(NE)192t21ot Pago2oea
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