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<br /> ` . i 'I�OGE'�E�R W1TH aii the imp�ovemenls now or dereafter crect�d on ihe property,and all easements.appurtenances,aad � � .
<br /> ; fixaues naw ar hemafter a pa�t ot the pmpeity.All rcplasemeuts and addidans shall atso be coveccd by this Sccurity Inscrumeat
<br /> , ; All of thc foregoiag is rcfeaned to in tbis Seeeuity Imaument as the"Pcaparty." : • ,
<br /> � BORROWFR COVENAN't5 that Bomower is lawfully scised of the c�tate hereby convcyed and has the right to�ant aad �
<br />� , wnvey the Prope�ty aad that the Ptaperty is uneac�mben:d.exccpt for encumbranzes of record. Bocrower w�anants and will � '
<br /> < ., . defead geaerally the titte to t2�e Prope►ty against all cisims and dert�ds.subjea w asy cnarmbranax af rc�d. , - -
<br /> - THIS SECURI'i'Y INS'TRUMfiNT comba�es uniform coveaants for natonal use and non-unifoan covenants with limited • ...
<br /> = variarions by jurisdiction w canstilutc a imifrnm scrurity insmunent wveru�g ceal praperty. .
<br /> [JNIFORM COVENAN'TS.Borrowe,r aAd lensier covennut and agree as foitows _.
<br /> � l.Fay�aemt oY Principal aad Interetit;PrepayanQnt aad Late C6arges. Bonower shall promptly pay when due ihe ;.
<br /> - priacipal of and�t�est on ttce dc6t evideaced by the Note and any prepayment and lare charges due under the Note.
<br /> ' . • 2.Funds Por Taxes aad Ins�rance. Subject ro applicabie law or tn a written waiver by Leader, Boirower s6a11 pay tn : ` , .
<br />- • l.euder on the day monthty paymenis are due under the Note.until the Note is paid in fWl,a sum("Funds")for.(a)yearly taxes • '�
<br />�;; ' and as�essment�which may auain priority over this Security Insmunent as a lien an the ProP�y;(b)YrartY lc�sehotd payments , .
<br /> . or ground re,nts on the PropellY.�anY:�c)Ye2ily h�Id or p�operiy IDSUi�1CC piemtuID.�(�Y�tY flood in��ranp�p�iums.'if � , , ..
<br /> ' ' - �Y.(e)Y�Y�►�S'E ms�ance premiums.if any.and{�any sums payable by Bosrow�to I.��der.in accordance with the _
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<br />:,�� • � pmvisions of paragrapt� 8, in tieu of the paymertt of mortgage insuiance psemiums.7f�ese iterns are calted "Escroa Ircros."
<br /> '��. ' lender may,ai aay dme.oollect and hold Fand4 in an amo�mt not ro eaccced We maumum amount a teader for a federally rclated
<br /> - . • mortgage Loan may reqnue fnr Bouowcr's escmw acxount under!he fedesal Real Estaze SettIemei►t Procedures Act of 19�4 as •
<br />:;`..: ' . .. ameaded fmm time m time,12 US.C.Se�tion 26U1 et seq. ("RESPA'�,unless another law that applies tn the Funds sets a lesser •- • ...�. _
<br /> - . amannt If so,I.end�may,at any ti�,collect and hotd Funds in an amaunt not to exce�d ihe Iesse�r amount Lender may � . � :
<br /> '`"=� . ; esti�nate the acnonnt of Funds due on ti�basis of carrent data and reasonable estimarrs of expendiwres of fuwre Fscrow Items or E� � -
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<br />�:;i-. � otherwise in accordance witd applica�3:.�w. � , =�._�,.
<br /> = The Funds shall be?�3id in an instit�uion whose deposits are�ued by a federal agency,insauneentality,or entity(incladmg
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<br />__°��� .. . ; Lendea.if Leader is s¢��insti�tinn)or in any Federal Home Loan Bank.L�er shal!apply the F�ds tn pay the Esr�ow . � -��-~'--
<br />-x"` � �.�':;�'�. ' Items.Leader may not ci�,age Baaow-�for holding and aPP1Y�8 the Fuads,a�3y anaiyzing the escrow acxount,or v�ifying , ` i. :
<br /> '`.',�• �' . .;�`, i dee Fscmw Items.ontess I.ertder pa�a uaaower int�e.st on the Fundg and appli�l�law pa�Lender to make such a charge. :� r':•..
<br /> .'' � �•'i.•.:;,:��~ However,Lestd�aiay require Borrowci co pay a ane-time chasge for an�t real e�taa reporting service use�by � • -
<br /> '::;�,. �� Lender in connection wfth tfiis toan,unless applicable law prnvides othetcvise.k;n'r�s an agreemeant u made or a�pflca6te law E • . - •:
<br />�;ai j requ'vc.s interast w be Rxid,Lender shall noi be reGe�ed w pay Borrower any ia�st or eamings on the Funds.Boaowea and E ' ".:..7;;�:'
<br />''�;.t� Lend�may agree in wriong,however.that interest shall 6e paid on the Funds.Lender shall give to Borrower,without charge,an , ;. ;.`
<br />�'';" � annua12�3ng of tbe Funds,showing credits and debits w the Funds and the purpose for which each debit to the Funds was � >-�"�;��,
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<br /> ��� . made.lIt:Frmds are plet'o�ed as addirional security far a11 sums seaued by this Sec�ity Instruraen� t ,;.;�rYx';-:y
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<br /> :_;�; If the Funds held�j F.$cdea exceed the amounts penniued to 6e held bY aPpli�ble law.Lender shall account to Borrower for � --==,--;_,.,�;c .
<br /> :< the excess Fundc in acc�t�z.^.ce arith the requu�ments of applicable law.If tLe a�acat of the Fnnds held by Lender at any ame is � '. " r -
<br />�,-'�`, . not sufficieat tn pay the Euraw Items�i��due.Lender may so notify Borrow�aa writing,and,in such case Borrowea shall pay . • �-'..� "=
<br /> w Lender the amoant necessary to �: up the deficiency. Borrower shail :r�is•a up the���.zncy in no more than tarelve i .� � };;.� ,
<br /> ��i. ��,,�s. �' mondil Y P a Y mea►is,at Lender's sole discreetion. �`�
<br /> • • Upon payment in feall of all sums sec�red by tia�Sec�rity Insmiment,A.era�r�all pmmpt�y refund to Borrowea any Funds -
<br /> ::.;_x . � held by Lenda.U,nn�paiagraph 21,Lender st►�ar�uire or seU the Prop�er�:,Lender.prior to the ac�vi�ion oz sale of the � : .
<br /> - Propertg.s"zll apply aay Funds held by Lender at c�e eime of acquisition os sa,:e as a credit against ths�ms secured by ibis •
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<br /> .'_,�,5 :t SC�L£L�ECIImCIIL � .�...r5���_..,.:.- .
<br /> � 3.ApplicatIon of Payment� Unle�cs applicable law provides��erwise.all payments received by l�ende�nnder para�hs . "s,.'�:s:,`,
<br /> ���-�� I and Z shall be applied:fust.to anY D�Yment charges due under the Na*.:s�ond,w amounts paya�te�d�paragra�i 2;
<br />'�.s:�� ; thud,to inte�est due;fo�asth,w principal due:and last.to any late charges due u�3�vhe Note. , •
<br /> � . � 4.C6argesi Liens. 3orrower shall pay all taxes,assessments,charges.fnza and impositiuns atai6�.-.�:tr:to the Property '
<br /> ' -�•,: . �� which may aVain priority ovca this Seu�riiy Inswme,nt,and leaschold payments or ground rents.if any.Barrower shaU pay these E' ' �. ::.•;._•�r:�_;� `
<br /> obli m the manner vided in h 2.or if not a�d in that mmu�or.Borrower s{�L them on time dir `"�''
<br /> %::��r:: Satinns� Pm P�&�P P � ?FaY ectlY to the • �.i:.•:a;
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<br /> : `„•;;� : ' person owed paymen� Bmrower shall promptly fumisd w Lende,r all notices of amourts to �se paid�ar.c�this ParagraPh. If • . ,� ..
<br /> .'`,f . • Bmrawea malces tkese r..�yments d'uecUy.Borrowe�shall prompdy fumish ts Lender receipts evidenc�g the�rs;cienis. � .
<br /> � Borrower shaU prorr.pUy discbarge any tien whi�has priority over this Seciuiry Inswment untess Bc..�wcr: (a)agrecs in �� ,�
<br />; ';:.Y . wridng w the paymeat of the obligation soc�uued by che lien in a mannea acceptabie w l.ender.(b)contesrs in gaod taith the lien ' .
<br /> � � by. or defesids against enfonement of the lien ai, tegal pmceed:*ngs which in ihe Lender's opinion operate to prevent the � �
<br />, $;.h��; � enforcement of the tiea;or(c)secures from the hc�of the Gen an agreement satisfactory to Lend�subordinating the iien w ��
<br />_,,r�:. � this Seca�eity Instrumc��f�.ender detcrmines that�.-�y�art of�he Anpeny is�;r�t tn a lien which may acra.�priority over this
<br /> .��� Security Instrum�t,Lr�..�r:;�may give Borrower a a.:r..ce idcntifying thc licn.Ecx�wer shaU satisfy the lien or take one or more � '
<br /> �.....{� � of the actions set fortf�^�a ve within 10 days of the gir�g of notice. •
<br /> � �� Fo�m 3028 9/90 '�
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<br /> .. - � �•8R(ClCpt92721.0+ aape 2 or 8 inma4: `.r
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