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<br /> 97.�. �.Ci`�i1..�2a� • ; ' " ...�•_... �.
<br /> ` •' TOGETHER W1TH alt the improvements now or hereafter erected on[he prupen},:snd:ill��.,�ment+.:appurtena�ucs,and • , -:
<br /> fxtures now or hereafter a part of the pmperty. All replacements and additiom ,hall :►I.0 he r�n•ered by thi, Se�vrit}� . �-=�'•
<br /> Irutrument. All of the foregoing is referred to in thi+Se��urity Instrument a,the"Pmperty.° • , . .��
<br /> BORROWER CUVENANTS that Borrower i�. �aw•fully,eised of the estate hereb�runvep��anJ ha.the nght tu grant and • , �'
<br /> convey the Property and that the Property is unencumbered.exrept for encumbrance,uf rerord. &irn�w•er a:�rrant. and will : .' . .
<br /> defend generally the title to the Property agaimt all claims and demands,subject tn any encumbranre�uf r��c��rd. • � . �. -
<br /> THiS SECURII'Y INSTRUMENT combines uniform cvvenants for national u,e artd non-uniti�rm covenantti with limitexl "` . . '
<br /> ���
<br /> variatior.s by jurisdiction to constitute a uniform�ecurity instrument covering real property. • .
<br /> UNIFaRM COVENANTS. Borrou�er and Lertder rnvenant and agcee as follows: . � �. < _
<br /> 1. Payment of Principal and Interest: Prepayment a�d Late Charges. Borrower ,hall promptly pay �vhen due the - - -T- �� ---'- ___
<br /> �` principal of and intere�t on the debt evidenced by the Note and any prepayment and late charges due unde�the Note. • ' � -�.�•�
<br /> � ` " 2. Funds for Taxes und Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to : � __��
<br /> - - -� .` .
<br /> C.ender on ihe day monthly payments are due under the Note,until the Note is paid in full.a sum("Funds")fur:(a)yearly taxes ' . ' _��;.
<br /> � and assessments which may attain priority uver this Security Instrument as a lien on the Property;(b)yearly leasehold payments .. �;� .�� �: ` '
<br /> or ground rents on the Property,if any: (cl yearly hazard or property insurance premiums:(d)yearly flood insurance premiums, ' ::x-�7!` '`� �`�_
<br /> if any; (e)yearly mostgage insurance premiums. if any: and(� any sums payable by Borrower to Lender. in accordance with ���
<br /> •..AT�.�w t'-y{�'
<br />� the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums.These items are called"Escrow Items." `�'•:. __
<br /> ,., .
<br /> � Lender may. ar any [ime, col!ect and hold Funds in an amount not to exceed the maximum amount a lender for a federally � � ��,.'3'��`,
<br /> i related mortgage loan may require for Borrawer's escrow account und�r the federal Real Fstate Settlement Procedures Act of "'�'"'��-_
<br /> .;.��.• '� �+
<br /> 1974 as amended from time to time. 12 U.S.C.Section 2601 et seq. ("RESPA"), unless another law that applies to the Funds ''--����,�
<br /> .�.�._
<br /> sets a lesser amount. If so, Lender ma ,at an ti�ne, collect and hold Funds in an amount nat to exceed the lesser amount. .
<br /> Y Y . :f����.w,.
<br /> � r"' Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future � �t.�.. - .
<br /> Escrow Items or otherwise in accordance with applicable la«. ' • '��-� �--�
<br /> The Funds shall be held in an institution whose deposits are insured bg a federal agency, instrumentality. or entiry .-.,,�, '" —
<br /> :�, t. (including Lender.if Lender is such an institution)or in any Federa!Home Loan Bank.L.ender shall appiy the Funds to pay the �;�;.
<br /> Fscrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow accnunt,or , „-�;" = �, �^�,
<br /> ' verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits L.ender to make such ;;�s� ;'t�,�.� �
<br /> ,��- '.. a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax repordng service �:.r �r*il ,, ��
<br /> - used by L.ender in connection with this loan, unless applicable law provides othenvise. Uttless an agreement is made or � Y � �""��
<br /> applicable law requires interest to be paid. I,ender shall not be required to pay Borrower any interest or earnings on the Funds. .�: •• .g�
<br /> 'i�t`.`
<br /> � Borrower and i.ender may agree in writing, however,that interest shall be paid on the Funds. I.ender shall give ta Borrower. ' . �
<br /> ,: ,; without charge, an annual acconnting of the Funds.showing credits and debits to the Funds and the purpose for which each � i<.:. .,_
<br /> " .� ` :: �
<br /> � debit to the Funds was made.The Funds are pledged as additional securiry for all sums secured by this Securiry insbument. _, , _ �r-
<br /> If the Funds held by I.ender exceed the amounu permitted to be held by applicable law. Lender shall account to Horrower " _�� "` � �,�
<br /> for the excess Funds in accordance with the reyuirements of applicable law. If the amount of the Funds held by Leader at any ��j! ; �,��� �
<br /> :. , time is not su�cient to pay the Escrow Items when due,L.ender may so notify Borrower in writing.and,in such case Borrower ::.1� .F �`:y`
<br /> shall pay to Lender the amount necessary to make up the deticiency. Borrower shall make up the deficiency in no more than - :����f• _ �
<br /> , " twelve monthl a ments,at Lender's sole discretion. ' �`'�
<br /> . Y P Y .c�::_.:.,�...
<br /> Upon payment in full of all sums secured by this Securiry Instrument. L.ender shall promptly refund to Horrower any ;�;4• ,:__F-�--•
<br /> � Funds held by Lender.If,under paragraph 21.Lender shall acquire or sell the Propeny,Lender,prior to the acquisition or sale ��'����
<br /> �� of the Pro e shall a 1 an Funds held b Lender at the time of uisition or sale as a credit a ainst the sums secured b ��'�,
<br /> P �'�Y• PP Y Y Y �9 S Y •:. •�.,..-�,
<br />- this Security Instrument. ---_ '�:'"--
<br /> , 3.Appl�eatton of Payments.Unless applicable law provides otherwise,all paymenu received by Lender under paragraphs - r,,,�
<br /> I and 2 shall be applied: first,to any prepayment charges due under the Note: second,to amounts payable under paragraph 2: ---�7+;:;_.__
<br /> third,to interest due:foutth,to principal due:and last,to any late charges due under the No�e. - _,__
<br /> 4.Char�es;Ltens. Borrower shall pay all taxcs,assessments, charges, fines and impositions attributable to the Property ---- - -
<br /> ' which may attain priority over this Security Instrument. and leasehold payments or ground rents, if any. Borrower shall pay ----- _.-
<br /> t6ese obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on time directly ''"'.^"!'"�
<br /> � .. to the person owed payment.Borrawer shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. -- '=-
<br /> :�,:-�s�',-. P�-
<br /> � lf Borrower makes these payments dinctly. Borrower shall promptly furnish ta Lender receipts evidencing the payments. ��*= ��
<br /> � Borrower shall promptly discharge any lien which hac priority over this Security Instrument unless Borrawer: (a)agrees in , ' �` ' �
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (b)contes�s in good faith ihe lien ' �-�
<br /> by. or defends agains: enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prevent the �:. �. . • . ' �,.,, .
<br /> . r���
<br /> • • enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the fien ro ���_._. �
<br /> ' this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over � �, _,..,^:_ . � ��
<br /> this Security instrument. Lender may�ive Bonower a notice identifying the lien. Borrower shall satisfy the lien or take one or -. -, -'=-
<br /> , .;ti more of the actions set forth above within 10 days of the giving of notice. ��,.ri;:,.::F. .,�. �
<br /> r �':. —
<br /> Form 3020 9190 w��--�-�—-•—
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