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<br /> 'fOCiBTHER WITH all the improvemente aow or hereafter erected on the pcoperty,and all easements,upputtrnan,r.s, and
<br /> fixtures aow or hereafter a part of the pruperry. All replacemcnts and additions shall als�n bc covercd by this Securt3y
<br /> Instrument.All of tl�e foregoing is refened to in thls Security Instrument us the"Property,' 4_.
<br /> BORRUWBR COV6NANT5 that Bocrowcr is lawfully s�ised of the e�tntc hereby convcytxi nnd ha9 the right to g�.'►nt and
<br /> c:onvey the Pmperty end that the Praperry Is unencumbered, eactpt for encumbrances of rec.�rd. Borrawer warnust& and will
<br /> deter�d generally the title to the Propeny against all clalms ond demands,subJect to any enaimbrances of record.
<br /> TH{S S�CURITY INSTRUMENT combines uniform covenant,9 for nAtional use a��d non•unifarm cove.nFZ�tu with limited
<br /> variations by jurisdictton to constitute a uniform°ecurity inatru�nent covering real propeny.
<br /> UNIFORM COVBNAN'1'S.Boaower and l.cndee covena�t and agree as follo�v�: �
<br /> 1. Ppyment af Princlpd pnd I�tereat; PrePoYmmt �nd Lste Cderge+. Borrower shnll pro�nptl�� pr.y Nhen duc the
<br /> princlpal of and In[erest on the debt evidenced by the Note and any prepayrnent and late charges due under th�Noto.
<br /> 2. fi�nd9 f6r Tsxes and Insurance. Subject ta applicable law or to a wricten waiver by Lender, Ba7rower shall pny ca _
<br /> Lendet an ihe day monthly payments are due under the Nc,tc,untll dic Note is paid In full,a sum ('FuixAg")for: (A)yearly taxcs
<br /> and assess�nents whlch may attaia priortty over tble Secudry InstNment�s a Itcn on tho Prop�rty: (b)ye.�sly lcasehold paymente
<br /> or ground nnu on the Propei'ry.lf aay;(c)yeariy liezard or property insurmnce premiwns;(d)ye�rly tic��lnsurance premlums, ___
<br /> if any;(e)yearly mortgage insurance premiums.if any; and (�any sums payable by Borrower to Lenrlr.�r, in accordance with
<br /> the provisions of paragtaph 8, in lieu of the payrnGat of mortgage insurana premlums. Thesc itema are�callod "Escrow[tems.'
<br /> Lender may, at any[ime, collect and hold Funds in an wnoune not to eaceed tho mauimum nnwunit a lender for a federally
<br /> related mortgage loan may cequire for Bonower's escrow c�ecount under the faletal Real!Extate Settltcncnt Procatures Act of
<br /> 1974 as amendod from time to time, 12 U.S.C. Scction 2601 et seq. ('RESPA'),untes�wiother law that applies ro the Funda
<br /> ssts a lesser amount. If so, I.ander may, at an, i�rac, co1lec� and hold Funds in an amoiuit not ta exceod the lesser amouat.
<br /> • Lx.ndor may esdmate the amounc of Funds due on the basls of current data and reasonabla cstinn��tes of expendittucs of futurc
<br /> Fscrow Iteu�s or atherwise in a�ccordance with aPFl�cable law.
<br /> The Funds shall be held in an iustitution whosc deposits are insured by a fcdernl agency, instrumentality, or entity
<br /> (including Lender.if I.endet is such an institution)or in any Pederal Home Loan Hank.I�:nder sball apply the Funds to pay the
<br /> Escrow Items.l.ender may not chazge Borrower for hulding and upplying the Funds,annunlly analyzing the escrow account. or
<br /> verifying the Escrow Items,unless 1.ender pays Botrower interest on the Fuads and applicable law permits I.ender to make such
<br /> a charge. However,Lender may require Borrower to pay a onadme charga for an indepeudent ra�l estace ta�c reporting servia
<br /> used by Lender in connection with this luaa, unless applicable law pmvides othenvise. Ual.eas un agrament is made or
<br /> applicable law requires iaterest to be paid.I.ender shall aot be requlred to pay Botrowcr any interest or eamings on the Funds,
<br /> Borrower and I.�ndor may agra in wr[tin8,however,that interest shall be paid on the Tunds. I..tndcr shall give to Borrowet,
<br /> wirhouc charae. an annual aceaunting of the Funds, showing credits and debits ro the Funds ar�d the purposc for which eac6
<br /> debit ro the Funds was made.The Funds are pledged as add�tionat security ior ait sums sacurai vy 4iis:c;:ar.r I�s:r.:��a:.
<br /> [f the Funds held by Leadet excad the amounts Pormitted to be beld by applicable law,l,�nder shall account to Borrower
<br /> for the exass Funds in accordanct with th�reclu��nts of applicable law. If the amount of the Funds held by I.�end�r at any
<br /> time is not sufficient to pay the Fscrow Items when due, i.ender may so notify Bonower in writing,and, in such case Borrower
<br /> shall pay to L.ender ahe amoune necessary to mnke up the defleiency.Borrower shall ra�ice up the de�ciency in no wore than
<br /> twelve montbly paymenu.at Leader's sole discreflon.
<br /> l�lpon paymant in fu11 of all sums sxured by this Seciuity Auaun�ent, Lcader sha!! pxQmpdy refund to gorrower any -
<br /> Funds held by Lender.If.under paragraph Zl,Lender a6a11 acquire or sell the Propc�ty,I.�endcr,prior to the ar,quisition ar salc
<br /> of the Property, sball app1Y anY Funds held by Lender at che dme of xquisition or sale as a crodit agau�st the sums axured by
<br /> this Sxuriry Instrument.
<br /> 3.ApplicaHon ot Fayments.Ualess applicable law provIdes otuerwisc,all paymeata recciveQ by L.ender under paragraphs
<br /> 1 and 2 shall be applied: first,to any prepayment charga due uader the Note; second,to arnc►nnts payable under paragraph 2;
<br /> thi�,to interest dao;fourth,to principal due;and last.to any late charges du�under the Nmte.
<br /> 4.Charaes;Liena. Bomower shall pay all taxes. assessments. chazges, fines and impositiwns attributable to du Property
<br /> whlch may attain pziorlty over this Securlry L►suvmenc� and le�sehold payroents or ground rents, if any. Borrower shall pay
<br /> these obilgations in ehe manner provided in parugraph 2,or if aot paid ln that manner, Borrowcr shall pay them on time direcdy
<br /> to t6e person owed payment.Bormwcr shall prompdy fumish to Lender all notices of amourata to be paid under this pazagraph.
<br /> If Borrower makes thesc payments dirxtly,Bonower shall prompdy furnish to Lender receipen evider..cing the payments.
<br /> Sorrower shall promptly discha�rge any lien which has priodty over this Security Iastrum�en[ualess Borrower:(a)agrees in
<br /> writIng to the payment of the obligatian secured by the lien in a marmer acceptable to Lender;(b)coatests in good fa�th the lien
<br /> by. or defends against enforcement of We lien in, legal proceedinBs which in the Lender's opinion operate to preveat t6e
<br /> enfotcement of the lien;or(c)sa'uc+es ftom the holder of the lien an agrament satiafxtory to I.�nder subardinating the lien to
<br /> this Secudty Insnument. If Lender deieimines that any part of the Propecty is subject to a lien which may attain priortty over
<br /> Wis Security Instn�ment, I.ender may give Borrower a notice identifyiug the lien.Bonower ahull sntisfy the lien or take oae o*
<br /> - mon of the actio�s set forth above within 10 days of the giving of notice.
<br /> Form 3028 9/90
<br /> ��6RINE)�s2�s�.o2 P,a s o�s ��,�ue��:
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