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<br /> � TOQETHER WITH i�ll thc improvcmcnts now on c�rcuftcr crcetcci on tho pr�perty,und all�c.ascmants, uppurtcnanccs,und F
<br /> fixUucs now on c�rcuftcr a p�Ut of thc property.All rcplacc�nicnis und ucldivans shuU ulsa bo covcn:d by this Sccurity Instrumcnt. f ,�'��
<br /> 1 Ap oF thc forcgoing is rcfcrrcd to in this Security Instrumcnt as tho"Propeny." ( _-
<br /> • � IIORROIVER COVENANTS thnt Borrowcr is law�fully sci�cd af thc cstutc hemby con��cyccl nnd has thc right to gr�nt nnd � --_
<br /> convey the Propeny und that the Property is unencumbercC,except for encumbrnnces of record. Barrower wurcants �nd will
<br /> ' defend generally tho ude to ihe Property aguinst all cluims and damands,subjoct t�any oncurnhrnnces of record. '-;�;•
<br /> -w�•��"`' � TH1S SECURITY INSTRUMENT tombincs unifnrm covcnant� fbr nati�nal uFq and non-uniform covenan�9 with limited �, �=�s���;�'
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<br /> 1 vtuinuons by jurisdlcuon to consutute u unifom�security insuwnent cavering real property. . �� :��-
<br /> UNIFORM COVENANTS.Borrowcr and L.cndcr covcnant and ugn:c as follaws: �r�
<br /> 1.Paymertt o!{hrincipal and Interest;Prepayment end Late Chnrges. Borrower chall prampdy pay whcn duc the _ __
<br /> principal of and intcrest on thc dc6t cvidenced by tha Noto sind any prepuymcnt nnd lnta charges due undcr tho Natc. '����
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<br /> 2.Ftinds for Twxes and I�surAnce. Subject to applicable luw ar to a writton waiver by Le�der, Borrower sh�ll pay to �:
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<br /> Lendcr an thc day monihly puymcnts ara duc undcr thc Notc,unpl tha NotQ is paid in full,a sum("Funds") for.(u)ycarly taxcs �i;"�°
<br /> and assessmentg which may attair►priarity over this Sccurity Insuum�nt us a Gen on thc Property;(b)ycarly Iciischold pAyments �''_=-�-
<br /> or ground rentx on the Property,if any;(c) ycarly ha�ard or property insurance premiums;(d)yearly flood insurance premiums,it �_ �� _�
<br /> � any;(e)yearly mortgage insurance premiums, if any;and (�nny sums payable by gorcower to Lender,in accordance with the —
<br /> pravisions of paragraph 8, in lieu of the payment of mortgoge insura�ice prewiums. 'l7ies� items are called "Fsscmw Itcros." �."--
<br /> � Lcndcr may,at eny timc,caUcct and hold Furtds in an amount not to cxcecd the maximum amount a Icndcr for a federaUy related =_---"
<br /> mongage loan may require for Borrower's escrow account under ehe federal Real Estate Setdement Proceciures Act of 1974 as __
<br /> amendcd from time to time,l2 U.S.C.Scction 2601 et seq. ('RFSPA").unless anothcr law that nppGes to Ihe Funds sets a Icsscr —
<br /> � amounG If so, Lender may, at any time, collect and hold Funds in an amount not to exceed tha lesser amount Lcnder may _
<br /> estimate the amaunt of Funds duc on tha basis of curxent dam and m,�sonable estimutes of expenditures of future Escrow Items or
<br /> � otherwise in accordance with applicable law. -- _
<br /> 'Ihe Funds shaU be held in an institutian whose dcposits are insured by a federal agency,instrumentality,or cndry(including `9e°"
<br /> Lender.if Lender is such an institutian) ar in any Federal Home Loan Banlc.Lender shall apply the Funds to pay the F.scrow
<br /> " ltems.Lendcr ma,y not charge Borrower far holding and applying the Funds,annually analyzing the escrow account,or verifying _--
<br /> �' the Escrow Items, unless Lendcr pays Borrowcr interest on�hc Funds and applicable law permits Lcnder to make such a charge, __—
<br /> -' - - ' .�—'. HUWGVCI� Lc�iite► r���,y re.7�ire �orraw:x to pay a anc-rirn�chargc for an indcpcndcni rcal csiasc s�, regozt3stg.°.er�ice �° b; -----
<br /> Lender in connecdon with this loan, unless applicablc luw provides otherwise. Unless an agrcement is mede or applicablo law
<br /> �:�� : requires lnterest to be paid,Lendcr shall not be requucd to pay Borrower any intcrest or eamings on the Funds. Borrower and - =
<br /> '''•; � Lender may agree in wridng,howcver,that interest shaU be paid on thc Funds.Lcndcr shall givc to Borrower,without chargc,an
<br /> annual eccounting of the Funds,showing credits and debits m the Funds and the pur�wse for which each debit to the Funds was
<br /> made.'1Tio Funds are pledged as additional security for all sums secured by this Security Instrumen� __
<br /> . If thu Funds held by Lender exceed the amounts permiued co be held by applicable law,Lender shaU account to Hoaower for
<br /> � thu excess Funds in acwrdencc wilh the requirements of applicable law.If tho amount of the Funds held by L.ender at any;ime is �R
<br />- not sufficient to pay tho Escrow Items when due,Lender may so natify Borrower in writing,and,in such case Borrower shaU pay
<br /> to I.ender the amount necessary to make up tha deCciency.Borrower shall make up tha deficiency in no more then twelve
<br /> � monthly payments,at Lendcr's sole discreaon.
<br /> - . Upon payment in full of aU sums sccured by this Sccurity Instrument,Lender shall prompdy refund to Borrower any Funds
<br /> ' ' held by I..ender.If,under pnrngraph 21,Lcndcr shall acquin;or scll the Property.Lendcr,prior to thc acquisition or sala of thc
<br />_..t ' Property,shall apply any Funds held by Lender at the tirne of acquisidon or sale fls a credit against the sums secured by this
<br />' : .. Sccurity Inswmcn4
<br /> ,, s' 3.Appltcation ot Payments. Unless applicable law provides otherwise,aU payments received by Lender undec pAragraphs
<br /> 1 and Z shall be appliod: first, to any prepayment chnrges duo under the Note; second,to amounts payable under ptuaQraph 2;
<br /> "� ,. ��:,,�� third,to interest due;fouRh,to princip�l due;and last,to any late chsuges due under Uie Notc. _---
<br /> _� � 4.Charqes;Lkns. Borrower shaU pay all taxes,asscssrnents,charges, fincs and imposidons auributable to the Property -
<br /> ;o:. .::_: . , which may nuairt prioriry over this Security Instr�ment,and Icasehold payments or ground rents,if any.Borrower shall pay these --
<br /> �•' ' .''• obligadons in ihe manner providcd in paragraph 2,or if notpaid in that manner,Borrower shall pay them on time directly to the �
<br />� . person owed paymenG Borrowcr shali prompily fumish to Lendcr all nouces of amounts to be paid undcr this paragraph. If �'_
<br /> _ Borrower makes these payments direcdy,Borrower shall promptly fumish to Lender receipts evidencing the payments.
<br /> +� 9arrower shall prompdy dischargc any licn which has priority over this Securiry Instrument unless Borrower:(a)agrees in - - - -
<br /> ' writing to die payment of the obligation secured by the lien in a menner ecceptable ta Lender;(b)contests in good faith the lien '���"-�-�°�
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<br /> by, or defends against enforcement of the lien in, Icgal proceedings which in the Lender's opinion operate to prevent the s��i;
<br /> • � 4 enforcement of the lien;or(c) secures from the holder of t�c lien an agreement satisfactory to Lender subordinating ihe lien to _'�t!"
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<br /> thi.s Security InstrumenG If Lender determines that any part of the Property is subject to a lien which mny ausin priority over this •�":'�hY����
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<br /> � Security Insaument, L.ender may give Borrower a notice idenGfying the lien.Bonower shall sausfy the lien or take one or more :�•;i,:e��,' ��:.',
<br /> , � of tho acaons set forth above within 10 days of the giving of notice. • ;�;,�+� ::
<br /> Fotm 3028 �/90 ''�Y�.,��y..'
<br /> �-ER(NE)Iest2).0� c�pe2oie imuais: . , .
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