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<br /> 1 TOGEfHER WITH all the improvein�ts now or heaeafter erected on the property,and a]l�ents,aPPurteaances.and i� . , . . --
<br /> fixpues now or hereafter a part of the propeaty.All replacements and additions sha11 also be oovered by this Seairity Instrument . , —
<br /> AU of the foregoing is refe:red w in this 8ecurity Ins�umeat as the"Property." ; : . . -
<br /> BORROWER COVENAN'IS thai Borrowa is lawfully seised of t6e estase hereby conveyed and has the right to grant and _ , ` , •
<br /> convey the Property and thai the Property is unencumbered, except for encumbrances of record. Boaower warranu and will � .
<br /> defend geaieaally the atle to the Property against aU claims and demands,subject to any encumbrances of record. ; . ,' ' • __—
<br /> THIS SECURITY WSTRUMEN'f combines uniform oovenants for national use and non-uniform covenants with limitEd ; . � "
<br /> variazions by jurisdictian m consritute a unifomi secnrity instrumea�t cover�g real property. , _. -_-_ ,T .
<br /> � UN�ORM COVENANTS.Bo:rowea and Leuder covenant and agree as follows: � ` . �
<br /> �� 1.Payment of Prfndpal arsd Interesl;Prepayment and Lafe Charges. Horrower shall pmmpfly pay when due the � �_ � _
<br />� ! principal of and intraest on the debt evidenced by the Note and any prepayment and late charges due nnder the Note. . , � ,, _'�
<br /> ; 2.Fuads for Taxes aad Insurance. Subject to applicable law or to a wriuca waiver by Lender,Barrower shaII pay to � , � :r
<br /> • L.ender oa the day mondily payments are due under the Note,until the Notc is paid in full,a sum("Funds°)for.(a)yearly taxes �. . , '. , —
<br />' and assessments which may auain priority over this Security Instmmeat as a lien on tlie Property;(b)Yearly leasehold payments i •• � _� ::<,a-�x�
<br /> . or gmund reats on the Prope�ty,if anY;(c)Yearly harard or propeity ins�uance piemiums:(d)YeartY flood insurance premiums,if � :. °—
<br /> an : e)YearlY monga8e insurauce if an •and(�au sums Ie b Eorrawea to Lendea,in accordance with the � . �`.:<�'�—
<br /> Y � P��, Y, Y PaY� Y � c-�,-,�.- `�. �--
<br /> provisioas of patagrdph 8. in lieu of the payment of mortgage insurance pmmiums. �ese items are called "Escrow Iteens." � , . , .��T::
<br /> Lender may,at any tinme,wlled and hoId Funds in an amount not to exceed the maximum aa►ovUt a lendu for a fedeially related , ��
<br /> • mortgage toan may requue for Borrower's esczow account under the fedeaal Real Estare Setitement Procedures Act of 1974 as � . ��`��'
<br /> .. amended from 6me to hme. 12 U.5.G Section 2601 et seg. ("RESPA").unless another law that applies w the Funds sets a lesser � � •}:; .`'�u-L�
<br /> amormt If so.I.ender may, at any time,collect and hold F�mds in an aznount not to exc.e�d the lesser amoimt Lendc,r may =
<br /> m
<br /> • i�._:� =
<br /> .A estimaie thE acaount of Funds due on the ba9s o f current data an d reaso n a b 2 e�o f e�cpen d iwres o f f uwre F s c mw Items or ' . "�""`'"'
<br /> .r� othenuise ai accordance with applicable law.
<br /> _ �r"`�w`��.:.
<br /> � 'Ihe Funds shall be held in an instiwUon whose deposits are insured by a fedecal age�cy,instrumentality,or endty(including . . . i •r
<br /> Leadea,if Lender is such an institution)or in any Fede�al Home Loan Bank.Lender shall apply the Funds to pay the Fsciaw • . . '•- -'
<br /> Items.I.euder may not charge Borrower for holding and applying the Funds,annually analyzmg the escmw account,or verifying • � '� •
<br /> ., �.�
<br /> the Estxow Items,untest Lendear pays Borrower inteaest an the Fimds and applicable law peirnits L.enda to make svch a charge. - --
<br /> Fiowevea,Lender may require Borrower to pay a on�time charge for an independerit real estate tax reporting service used by �� .��� "
<br /> I.eader u�connecrion with this loan,unless applicable law provides otheawise.Unless an agzeem�►t is made or appHcable taw .� � � �;
<br /> a .�
<br /> requires uitraest to be paid.I.endes shall not be requimd to pay Borrower any int�st or eamings on the Fands.Bonowea and ����` "�'' '
<br /> Leader may agree in writing,however, P � Sn' 8 , �... _ ��: � .;���
<br /> that interest s6all be atd on the Funds.Lend�shall e to Borrower,wiihout char e,an ���-,���
<br /> annual accounting af thc Funds,showing credits and debits to the Funds and the piupose for wtuch each debit ta the Funds was ���'
<br /> , � made.'ltte Funds are ptedged as additianal sec�uiry for all sums secured by this Security Inslrument :� `a�
<br /> � If the Funds held by I.mder exceed the amounts pennitted to be held by applicable taw.Lendea st�all account to Borrower for >• - � �
<br /> the excess Funds m accardance with the req�ements of applicable law.If the amount of the Funds heid by Lender at any time is ' ���� � �'� .
<br /> not sufticicait w pay the Escrow Iterns when due,Lender may so notify Borrower in wriring,and,in such ca�e Borrower shaII pay �'�� ��
<br /> 0o L�nder the amount necessary to make up the deficiency. Borrower shall maice up the deficiency in no more thaz�twelve ',`��..°" " � ..
<br /> monthly payments.at L�ender's sole discretion. -'�;�:�- .,; _
<br /> Upon payment in full of all sums secured by this Securiry Instrument,Lender shall prompdy�fund w Botrower any Funds '`'"�`' -�----�
<br /> ro �.�---•-
<br /> held by Lender.ff,imdea pazagraph 21,Lender shall acquire or sell�e Propaty,Lender.prior w the acquisition or sale of the ��-��
<br /> 0
<br /> Propaty,shall apply any Fands held by Lendea at the ame of acquisiaon or sale as a credit against the sums secumA by this �""!
<br /> Security Instrument _��-'_�
<br /> 3.Application of Peymenta Unlesg applicable law provides otherwise,all payrrtenis received by Lender imder pazagiaphs '� ���"
<br /> :_.;.
<br /> 1 and 2 shall be applied:fust,w any pre�ayment chaTges due unda the Note;second,w amounts payable under paragrapb 2: .�";:y;;����� �-_.-
<br /> pr
<br /> d�d,to�t�est du�founh,to principal due:and last,to any late charges due under the Note. - --. ��y `—
<br /> 4.Chasges;Liens. Bormwer shall pay all taxes,assesssmments.charBes,fines and im s�dons artn'butable w the !�.;;=`` . •
<br /> s po ' P,ropeaty
<br /> which may suain priority over this Security Instrument,and teasehold payments or ground rea�ts,if any.Boirower shall pay these '. � �"� J''.�
<br /> :-;'�='r, .� , �.
<br />, obligations in the mannea provided in paragraph 2,or if noi paid a�thai ma,uzer.Borrowea shall pay them on time directly to the � ,�
<br /> peason owed payment Borrower shall prompdy fumish to Lender all notices of amounts to be paid nnder this paragraph. If � . � .�. �..
<br /> Borrower makes these payments d"uectly,Borrower shall promptly fumish to Lendea naceipts evidencing the payments. .
<br /> Barrower shall p�ompity discharge any lien which hav prioriry over this Secauity Yns�umeaii unless Boaower:(a)agrees in . . . - �� �
<br /> writmg ro the paymeni of the obligation se�aued by the lien in a manner a�ceptable tn Lender:(b)contests in good faith the liea� � . ,
<br /> by,ar defends against enforcement of �he lien in. legal proceedings which in [he Lender's opinion aperate w prevent the . . � . �
<br /> enforcement of the lien;or(c)secuns from the hotder of the lien an ageement sa6sfacronry tn Lender sub�dinating the lien to . . •
<br /> this Sec�uity Instrument If Lender detetmines that any pazi af the Propaty is subject tn a lien which may suain priority over this � . �
<br /> Sec�urity Insmuaen�I.ender mny give Borrower a notice idantifying the lien.Borrower shall sausfy the lica�or ta&e one or more � , �
<br /> of the actIons set forth above within 10 days of the giving of notice. � •
<br /> Form 8028 �I90 � �
<br /> � �-6A(NE)182121.Ot Pape 2 of B m�ua�a: � . .
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