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<br /> . . � 'DOGE['ff�RR WITH all the impmvements now or herc�fftcr eracted on�the property, and all easements,aPPurteaances.and . ' '
<br />- - ' • . ' 6awres now or h�a pert of the PmP�Y.All replacements and additions shail also be oovered by this Security Instrument ` '� .
<br /> � ' � All of the foiegomg is refe�red to in this Security Insnument a4 the"Froperty"
<br /> ` , , "j BORROWER COVENANfS that Boirower is lawfully seised of the estate heceby canveyed and has tfie right m g�aant and _, � ,
<br />_ , �. �� convey the Property and that the Property is unencumbered,cxcept for cnctunbranccs of record.Borrowa wa�ants and will , . ' �.f
<br /> � def�d geaeialty the titie to the Propen}+against all claims and demands,snbjcct to any encumbrances of record
<br /> �, � THIS SECURTfY INSTRUMENT combines uniform covcnants for national use and non-uniform covenants with limited ` -
<br /> _ ' :� variations by jurisdicdon to constimt�a�enifoan security instnunent wvering rcaf property. �
<br /> �'' UNIFORM COVENANTS.Bocrower and Lender coveaaut and agrec as foUows: �_"
<br /> _ s L Payment oY Proaclpa!and Iaterest;Prepayment and Late ChBrges. Borrower shall promptly pay when due the • . .: f'; '�
<br /> • _ . � grincipal of and int�est on the debt evidenced by the Note and any prcpay�rcent and latc chaages due ander the Not�
<br /> " � ' Z.Funds fos Taxes aad Insurance. Suhject tn apglicabie taw or to a writtea araiver by:Lender. Boirower shati pay to
<br /> ....� � '� � - .�.=s-'i
<br /> _ -:;;:1 Lender aa the day montbty paymenrs are due under the Note,until ihe Notc is paid in full,a sum("Funds")for.(a)yearly ta�ces
<br /> , and assessments which tnay auain priority ovea this Securlty Instrument as a Gen on ihc Ptoperty;(b)Yearly leaseho2d p�ymenu ��`;;`;;.`." . �°'„�-.�_,,
<br /> " �wi or gmund renu on the Propeary,if any;(c)yearty l�a7ard or property insurance premiwns:(d)yearly tlaod insurar►ce premiams,if :, �°-
<br /> ` �` : I �y:�e)Y�iY�anS�e incnran�p�miums.�1'aAy:and(�anY swns PaYable by Homawe,�w Lender.in accordance with the `;�_:,
<br /> �': , , � provisons of paragraph 8, in lieu of the payment of mortgage insurance gremiums. These items are r�al2ed "Fscrow ItEms." � ` �.: �
<br /> ?.` Lender may,at any time,collect and hold Funds in an amount not to exceed the maximum amount a leader far a fe�erally retated .. ;.� �-..
<br />_'•< . mortgage toaa may requae for Boaower's escrow accoant under the fedec-al Real Fstate Seulement Pmcedures Act of 1974 as '. -� �t: '',�`��
<br /> .: .
<br /> ' , ame�ded from mne tn time,12 U.S.C.Section 2601 et seq. ("RESPA"),untess anothe�taw Ihat applies W tlte Funds sets a Iesser - `_ .
<br /> •' amount If so.Lender may,at any time,callect and hold Funds in an amount not w eacceed the lesser amount Lender may .:.�_�,
<br />-�. • es�mate the amount of Funds dne on the basis of curreru data and rrasonable estimates of e�pendipues of fuwre Fscrow Items or , � }�:'
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<br /> '� otherwise in accordance with applicxble law. ..r�:_-.:
<br /> ;'_� � 'Ihe Funds shall be held'm an institution whose d s�ts arc iasiued b a fcderal a en �nswmentali or en' (u�cludin - '`�-�
<br /> � � Y S �Y,� ty, �Y g �
<br /> �`� � Lender,if I.eude,r is sucd aa instiwtion)or in an Federal Home Loan BaNc.Lenda shall a 1 Ihe Funds ta . �';`:::y�
<br /> ;;, Y PP Y PaY the Escmw �•;�.:••1
<br /> - . � , ' Items.Lender may not charge Bos��wes for holding and applying the Funds,aunually analyziug the escxow accouut,or verifying .... ';�'-.
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<br /> ;�� . the Escrow Items,w�less Lender pays Borrower interest on the Funds and apDGcable law permits Leedcr ta matce such a charge. ..��;��`�;''�
<br /> Howevex,L,ender may requ've Borrower to pay a on�time charge for suz independent reaf estate tax rcporting seavice used by •. ��.-�••.._:
<br /> .+,; � Lender in connection with U�is(oan,unless applicable law provides otherwise. Untess an agreemcnt is made or applicable law : • .� ��%`�,:�._,:
<br /> ' reqaires inierest to be paid,Lemder shall not 6e rcquired to pay Boimw�x any inierat or cazaings on tAe Funds.Horrawer and ... }r�;�.��`
<br /> � Lender may agree ia writing,however,that inte.reest shall be paid on the Funds.Leadet shaU give to Borrowcr.without charge,an , � °�;,�-��
<br /> � annual accoundng of the Funds,showing credits and debits to 1he Funds and the pucpose for which each de6it to the Funds was .
<br /> ' . made.The Funds are pledged as addidonal security for all sums secured by this Security Inswmen� . ��`.
<br /> �. � If the Fuads 6eld by Lender exceed the amounts permiued to be held by applicablc law.Lender shall accaunt w Borrower for , "_'�'��'�`�`
<br /> ' ;, the excess Funds in accordance witt�the requirements of appGcable law.If the ai►tount of the Funds held by L�ender at any time is __ . :�n:::
<br /> . noi suffcient to pay the Escrow Items when dae.Lender may so notify Banower in writins,and.in such case Borrower shall pay � ��'%.;'`�+,;�
<br /> to Lendea the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve � • " "�:�1;:.
<br /> �. monthiy payments.ai Lender's sota diccrcaon. -
<br /> , ' Upon payment in full of all sums secured by this Securiry Insuument,Lendcr shaU promptly refund to Boaower any Funds ��'��•
<br /> held by Lender. If,under paragraph 21.Lender shall acquuc or sell the Property.Lender.prior to thc acquisiGon or salc of the ='
<br /> �- . PropeAy,shall apply any Funds held by Lender at the tirne of acquisition or sale as a creGit against Ne sums secnred by this � '4.:�
<br /> . ..s Security InsUtunent �: _
<br /> 3.Application oY Paymentq. Untess applicablc law providcs othcrwisc.all payments rcccivcd by Lcndcr undcr paragraphs � �
<br /> " 1 and 2 shall be applied: fust,w any prepaymcnt charges due under the N�tc;second.to amounts payable under par�graph 2; - � .
<br /> :s � �i third.to interest due:fourth,to principal dae;and last,to any tate charges due under the Note. , " ''
<br /> � • 4.Charges;L�ens. Borrower shail pay all taxes.�ss�sments,chazges,Gnes and imposipons attributuble to thc Property � �.
<br /> � � which may attain priority over this Sec�rity Instrument,and leaschold paymenis or ground rents,if any.Horrowcr shall pay these • ' ,
<br /> ' � , � obligadons in the manncr provided in paragraph 2,or if not paid in that manner,Bonower shall pay thcm on time d'acctly to the : . �
<br /> . � person owed payment Borrowcr shall promptly fumish to Lcnder al! notices of amounts to be paid undcr Ihis paragraph. If ..
<br /> ' i Borrower makes these payments d'uectly,Borrower shall pmmpUy fumish to Lender rcceipts evidencins ihe paymenls. . "
<br /> �' Borrower shall prompily discharge any lien which has priority ovcr this Sccurity lnswmcnt unlcss Bonower:(a)agrcc,4 in
<br /> - � wridng ta the paymcnt of thc obligation sccurcd hy thc Gen in a manncr acceptabte to Lende�;(b)contcse�m good faith thc ticn . • • �
<br /> � t by. or dcfcnds against cnforccmcnt of the licn in. legal proccedings which in �hc Lender's opinion operatc W prcvcnt the �
<br /> �� cnforccment of thc licn;or(c)sccures from the holdcr of the licn an agreement satisfactory to Lcndct suburdinating thc licn ro
<br /> � �'` ! this Security Instrument If Lendcr determines that any pari of the PtapeRy is subject to a liCn which may atlstin priority over this .
<br /> , • �i Sccnrity Instrumcnt,Lcndcr may givc Borrowcr a�otice idcntifying thc ticn. Borrowcr shal!satisfy U�c licn or�akc imc or morc '. �
<br /> • j of thc accions sct forth above wit�in 10 days of�hc giving af noucc.
<br /> , �
<br /> _ , Form 8048 8r90 � .
<br /> .. � �•8ii(NE)reziz�.o+ Pago?ol8 ���na,e .
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