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<br /> 97- �.���.t��� t� � . _
<br /> TOGETHER��ITH all the improvementti now or hereafter erecte�an the propert}.and a��ca+emcnt�. appunrnanc��.,�nJ �. - _ `�` �
<br /> fiztures naw ur herwfter a part uf the presperty. All mplacements :�nd additions .hall �I�+� ha �����rc�.f h} thi� 5ecurity
<br /> Instrument. All uf thc fureguing iti rcferred to in[hi�Security In�trument a.the°Pre�prny." � .
<br /> � BORROWER COVENANTS that Bortower i.lawfully sei,ul uC thc cytatc hcreby rom•eyed anJ hs+thr right tn�rant:ind � � -
<br />• cunvey the Properiy :ind that thr Propeny i. unencumbered. e!ecept t:�r encumbranre+��f re�ord. Borru�ver warrant, :uid wilt . _
<br /> t defend generally the title to the Pn�perty against all cl:iim�:ind demand+.�ubject tu:uiy'encumbrances c�f retiurd. '
<br /> TH[S SECURITY INSTRUMENT combines uniform eocen:uits fur na[iunal use and non-uniti�rni cavenants aith limite�i
<br />_...-. `
<br />-- -= �ariations by jurisdictian to corutitute a uniform+ecurit� instrument ravering r�sl pruperty. � , �' �
<br /> UNiFORM COVENANTS.Barrower and Lender cuvenant and agree ati follows: — --•-;��----- -: .
<br /> , 1, Paymeat of Principal and Interest; Prepayment and Late Charges. Barrower +hall promptly pay when due the
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. - ^_Y��
<br /> 2. Funds for Taxes aa d Insurance. Sub ject to applicable law or to a written waiver by Lender. Borrower shall pay to • `' . �_�"--
<br /> Lender on the day monthly payments are due under the Note.until the Note is paid 'en full,a sum("Funds")for. (a)year�y taxes t< .-- -- ;;5,.;,�:�:.:,_
<br /> and assessmenu which may attain priority over this 5ecurity Instrument as a lien on the Property:(b)YearlY leasehold payments :•._�-
<br /> or ground renu on the Property.if anY:(cl yearly hazard or property insurance premiums:(d1 Y�'�Y flood insurance premiums. � �..,�..�
<br /> :a�--��.�_,--�
<br />� if any: (e)yearly mongage insurance premiums. if any: and(fl any sums payabte by Borrower ro Lender, in accordance with , ,. - ,��`
<br /> the provisions of paragraph 3- in lieu of the payment of mortgage insurance premiutns.These items are called"Escrow Items." , ,'. ,�;.���.T--
<br /> Lender may, at any tirrte.colkxt and hold Funds in an amaant not to exteed the maximum amount a tender for a federally '.''� ��:� :`
<br /> .;.�i,.-� related mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Pro:edures Act of {.'; _,` � _
<br /> ,';�;5; 197�i as amen d e d from time to ti m e. 1 2 U.S.C. S e c t i o n 2 6 0 1 e t s e q. ("R F SPA"). unless another law that applies to the Funds ��`'.��� .' ;,�'T���
<br /> � ��,:__
<br /> :f'• seu a lesser amuunt. If so. L.ender may. at any time. collect and hold Funds in an amount not to exceed the lesser amouut. „ �,_.-:
<br /> Lender may estimate the amount of Funds due on the basis of cunent data and reasonable estimates of expenditures of future . ;�„-.�>� l_
<br /> . :.•_ -• � �i•_.r
<br /> Fscrow Items or otherwise in accordance with app�icabte law. � .
<br /> , �. The Funds shall be held in an institu:ion whose deposiu are insured by a federal agency. instrumentality. or entity ��-�-�— �
<br /> • (including Lender,if Lender is such an insiitutionl or in any Federal Home Loan Bank• �ender shull apply the Funds to pay the . :.,� :• t:�. ,.
<br /> � Escrow Items.I.ender may not charge Borrower for holding and applying the Funds,annually analyzing thr escmw:tccaunt.ar ,,�,�,,;,�.
<br /> � venfying the F.scmw items. unless Lender payti Borrower interest un the Fund,and applicable Ixw permits Lender to make such ... ''
<br /> a charge. Hc�ever. L.ender may re.�uire�onuwer to pay a une-time charge for an independent r�al estate ta�c reportin��ervice �. �,:�.;- �
<br /> � u.�ed by Lxnder in cannection with [his loan. unle�+ applicable law provide+ otherwi�e. Unle�y an agreement is made or �; �
<br /> � �r ti intere+t to be aid. L.cnder shull not be reyuirul tu pay Borrower any incerest ur eamings un the Funds. ,_. �,�-��i',�,�=•��.
<br /> a p p l i c a b l e l a�v r e q u�e P
<br /> Borri�wer and Lender may agree in writing, however,that intcrest s ha l l be pai d on t he F u n d�. L e n d e r s h a l l g i v e t o B a r r o w e r. ,�,.;: ..�
<br /> without charge. an annual arcounting of the Funds. +howing rredit� and debitti to the Fundy and the purpose for which each �;
<br /> .;: '
<br /> d e b i t t o t h e F u n dy wa�made.The Fund+are pledged as addition�l,ecurity[��r all +umy+ecured by this Security Instrument. �
<br /> if the�unds held by Lender exceed the amaunts permitted to be held by app lica b le law. I.en der s h a l l a c c o u n t t o B o R a w e r ,�t �,'
<br /> for the excess�unds in accordance with the requirements of applica6le law. If the amount of the Funds held by l.ender at any
<br /> ._ . time is not sufficicnt to pay the Escrow Items when due.Lender may so notify Borrower in writing,and. in such case Borrower :.� � ;
<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than x ;,
<br /> � twelve monthly payments.at Lender's sole discretion. y�-=-�''_
<br /> � . Upon payment in full of all sum� secured by lhis securiry Instrument. Lender shall promptly refund to Borrower any .,,s--
<br /> Funds held by L.ender. If,under paragraph 21. Lender shall acquire or sell the Property.L.ender,prior ta the acquisition or sate _ __ _
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by ___ _ __��
<br /> this Security lnstrument. -�°-- �,
<br /> � 3.Applicatton of Payments.Unless applicable law provides othenvise,alt payments received by Lender under paragraphs ���
<br /> re a ment char es due under the Note;second,to amounts payable under paragraph 2; �y ?�
<br /> and 2 shall be a lied:first. to anY P P Y � �°=' -.. �-.-.�t°._'
<br /> 1 PP .
<br /> . • third,to interest due:fourth,to principal due:and last,to any late charges due under the Nate. ��`�_ -
<br /> � 4.Charges; Liens.Borrower shall pay all taxes.assessments, charges, fines and impositions attributable to the Property _. � �. �,.
<br /> + which may attain prioriry over this Security Instrument. and leasehold payments or ground rents, if any. Borrower shall pay "'�. ^��_.__:.
<br /> these obligations in the manner provided in paragraph 2.or if not paid in that manner.Borrower shall pay them on time direccly '• �...
<br /> ' to the person owed payment.Bonower shall promptly furnish to Lender all notices of amounu to be paid uader this paragraph. .��T T::. •':: : F���
<br /> if Borrower makes these payments directly.Borrower shall promptly furnish to Lender receipts evidencing the payments. �
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agsees in .., . . r''
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to L.ender;(b)contests in gaod faith the lien �?�,.�:
<br /> ' � :i�.`�'�:�
<br /> y by, ar defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the :r�`.:. . -
<br /> enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to � '� �' �•
<br /> � this Seturity Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over "�Tp�'�`::�s".::,
<br /> �^;wViii�r. .,. •..,..::
<br /> ' this Sccurity lnstrument.Lender may give Borrawer a notice identifying the lien. Bonower tihall satisfy the lien or take one or _ .wx.-., 4T�--
<br /> inore of the actians set forth above within 10 days of the giving of notice. ,"'��r'°•'�;j;�,`:'�:�.:•
<br /> . ..4.y..?::.•.�
<br /> .-_� Form 3028 8190
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<br /> vage 2 of 6 � "" -• •
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