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<br /> � .. ., �,,� ��� ��I�fl�� � . _, �'��^,`
<br /> , TpG�TH�R WFTH all the imp�veanents now or hereafcer erected oa the pmpetty.and aU easements. u naz►ces.and 4 ?
<br /> - fixcnres naw or hereafter a part of the property. A11 repIacements and additions shall also be rnvered by thic Sccurit} •
<br />- - - (asuumcAt.AII of the foregoing is referred w in this 5eeuriry inswment as the'Property.' , - �
<br /> � � - BORROWBR COVENANTS that Borcower is lawfully seised of the estate hereby conYeycd and has tlm right to grant artd ,
<br /> _ convey the Froperty and that the Property es uae�ncumbered, eiccept for encumbraaces af record. Borrawcr warrants artd aill � .. '
<br /> � �� defend gengraUY the tide to the Property agaiast all claims and demands,subjea to an}encumbrances of record.
<br /> raU
<br /> � ' �, ` '�'HIS gECURn'y IPISTRUMgATf combiaes uniform covenants for narioaal use and noa-uniform covenants with limitea •
<br /> ':; variatioas by 1urisdicaoa to constimte a uniform secvriry insavment covering reat PropertY• : .. ;
<br /> . . '°s UNIIFORM�OVENANTS.Bormwer and Lender covenant and agree as follows: � �, �, • ��� ,_.�r
<br /> . �•..:.� .. .�,:_.._.:.:
<br /> • • = :� 1.Payment of principa[ aad I�eres� Ptepa}�meat and LaLe Charges. Bornawer shall prompdy pay when due the ��� •
<br /> • • P�i r t p p a l of and'mterest on the debt evidenced h3r tlie Nats a.�d a�r Prepayment and late c.harges due imder the Note. y ti�-- �' _
<br /> �'�r r` 2.Fuads for Taxes attd Iasvrance. S�bjecc t�aggtrcabie tave or co a Rrittca a�ai:er fsy L.euder.Bormsrer shaii pa::ta �.-�-;t---- �� -
<br /> .. ��.`; ents aze due uader the ncr�,uan7 dse:�vte is aid ia fntl.a snm f"�nr_ds')for.(a)yeazly caxes �: ;`.;�: � �=•?--
<br /> , leader on�he day monthlY PaYm � P . �`
<br /> . th .
<br /> � �'� and assessments which may attain priarity o�rer this 5ec4cira insunmecr as a lien an the Propem:�Ibp yearly Iease6old gaymenrs '` :,: :..: . ,"
<br /> . .�•� � . ��= .. :�a: .
<br /> �,i cr�,: °nad iasur2ace pretniums. �
<br />• x; or grouad ren[s on the Praperry.if any:(c)Yearly�c�uc properey insurance premium�(d}_ '� ,>.;,.,.� � �..
<br /> ,-1 if e earI mort e insuraace premiums. i f�v;�a d s u m s a b l e D�$a r r o a-e r e s�d e r, �a s o a t a a a c e a v i r h �"��;� �
<br /> atty:l )Y Y 8� (f?�Y P a 3'
<br /> � • Y� o f t�e E of mort insurance piemiuitts.These i2e�s are called�"�scsow Iress_- :s.. 'r�, ,. .
<br /> ;f the provisions of paragrapb 8.w ueu AaYm�n SaBe
<br /> � �• Lender may, ai any tune,coUett and hol�Fuuds in an amonnt nut w exceed the maaimum a��ant a leader for a feder,a�:y ,�
<br /> . -`'� related mangage loan may require for Borroarer's escrow account unde;the fedetat Real Fstate Sealement Procedwes A�ct of y y . _�..., ;_.,--_
<br /> 1974 as amended from ame co time, 12 U.S.C.Sectien.2641 et seg.("RFSPA"},�1ess another law that applies to the Funds .,�}�� ; ,.,� �:^�_
<br /> - --- - sets a lesser amount If so, l.ender may. aF amr't�,ccuect and hotd Fuads m�ag amowu not to exe,eed the l�ssr amoufu. �tl��. = - -
<br /> � • � Lender may e�m�te thg azaount of Funds�e ea t3e ta,-:sis of curtent data aa��aabte es�sates of expendit►ues of fatur�t ;;. `..;<<---
<br /> �: ` � Fsccaw Iten�s��erwise ia accordanoe_�iki apgtisa3te faw. • ,. � � . _—.
<br /> ` �� TQe �� be� �n an u�srtutiaa Rfic��epasiu are insured b�:��ederal agensy. iustnimea:�lity, or entiry "
<br /> �•- .:;4i�dia��,.i f:��xc s.cch aa instiuiiion)�s i��r Federal Iiome Loaa;�c.I.ender shall appty tim�ds to pay the � ��..----.
<br /> -�:f . • aaalyting t��esc�a'vcv accwnt.or �
<br /> < ;�w I�::�de�s�.���:�arge.��r�:��a1�35�aad aPPjY�g the Fu�„�,annnatiy � - �f::
<br /> f: • .t�s���,,��` '�terifying t�e��ow It�eemss,ue�ess•Le�r�pavs$cr�g'�interest on the F�mds aad�^plirable Iavz�permits I.eader to make sach _`'.. � . ��%';,
<br /> . t�'y
<br /> `-; ;.,,��<. ' ` . a�ge.F��u�t Lender may r�equice��v.re�r'rv�a one-time c9arge for an indep�r��ate tax repordng servic� .'.,� �,t + : . `_
<br /> ' used by I.ender ia canaeaion with th� 1�;'���ticable law pmvides es�erwis�, r�1n1�� �ment is made or -- �,�, N;� _
<br /> '' - � ••.; . ,�g?icable law requires ini��a be paid..Leuder�Ot.m��te requi�ed to gax�G��:r�y'�`,�pr e�.s on the Funds. : �,��FE�wr�y�>_-
<br /> �� ' `�'��`-. m writing,hoa+e��er.ulha interesc shall be gaid�•a�.�t�.�.,� �-�.s�a31 gdv:to Borrower. �I�!`;�,,�,��_
<br /> < _ is`����� .� • �1ti-ower afld:,Ereude;t�y ac�y�ze� ' -
<br /> c � ,... � �� �� widiauc ebaa�,�.aunuaL'a:�tmuag of che Funds.�o�g crediis�d��'.�7�����ss�s-�x��ar-',�,for wisich e�..�: ,+ ; : ��; '_-- _.
<br /> t t,,�, � .. . , . • __
<br /> xr .r �.��,�� t� drfiit to the�'�was masie.�te Ftmds a�gledged as�ditsoaai sec.v�asc For a`i su�s�It�e�5ec�ty'�nsuument_ ��. :, >i�` -
<br /> ��" �r.� If the Funds hetd by Ee�er eacced r�e amounts�ed to be�e:c3 by 2��:i,.^a"�.;r:�w.����a�u to Sarsa�s� ��yt _�
<br /> ; , faz the eacess Fuads in•acbat�atice with the r�eqaire�±�!!!�o�applicable laa.If the�t of the�unds tteId t�y leudar at aay ��� !•��,<_
<br />:.;t:f . . �. � � -
<br /> � !'• � time is not sufficient ta pay the Escrow Items when due.Lender may so noafy Borre�+ei in writing.and.in suc6 case Borrower ,. . --.
<br /> . ' ` . sball pay W I.ender tiie amouat necessary to make up the deficigncy.Borrower shall make up the deficiency in no more than 1��;;':..�;,•'�,.�_'_ _
<br /> ., • � , tarelve montiily paymeacs.at I.euder's sote discretion: • � = _.
<br /> --_---•-.-- - _ lJpon paymenc in full of all sums seaued by this Security Insuumeat, Lender shall prompdy refund to Borrower aay . . .: ..=
<br /> ��.��..� ,..._
<br /> ' �. . Funds 6etd by Lender.If.under paragraph 21.Leada sDall acquire or sell the P r operty.L e nder,prior to the acquisition or sate . _ r,;__
<br /> .� of the Properry.sha11 app1Y anY Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by - . ''.='�_
<br /> . • _ t�is Seeuriry Insuumeat. . • :• .:�..��
<br /> . .: . . 3.Appltestion of Paymeats.Unl�s appllcable!aw provides othenvise.a11 paymeau received by l.ender under paragraphs ' .,. .
<br />: � .. i and 2 sha11 be applieA:fust.to any Prepayment charges due under the Note:secoad.w amounts payable uisdcr paragraph 2: :�����_ "�
<br /> s:;.. . : .. '� =
<br /> . third.to interest due;fourth,to principal due;and las�w aay late charges due uader the Note. .„
<br />• ' � 4.Cha�gcs;Lfeas.Eonower st�all pay alt[axes. assessments.charges.fuies and impositions�'�b t D�,t�,t he P r oper�y :.: _-
<br /> : ha g
<br /> ' � �� which may attaia prioriry ovet this Securiry Inmument.and leasehold paytneats or gmimd rents. $o{tdwer shall pay `::>�..`_
<br />, � ��`. these obligazions in the manner provided ia paragrapb 2.or if Bot paid in thai manner.8orrower shaU pay Wem on cime directly :. :; -
<br /> . , . .,.;� .-
<br /> . ` '."`�;., to the persoA owed payment.Bonower sball prompdy fiunish co L'Rnder a11 notices of amouats to be paid under this pazagrapD. � �„=i
<br /> If Bo:rower makes these paymenu directly.Boaawer shall prompdy fumish to Leader receipts evidencing the paymenu. .. �.� i:�-=
<br /> '��. � Borrower s6a11 premptly disc6arge any lien which�prioriry ovqr this Sec�utiry Iastiument unless Boaower.(a)agsees in . - -
<br />_ •...,;. :_�. �: writing to the paymeat ot the obligatian secured by the lien in a mannei acceptable to Lender:(b)coatests in gaod faith the liea . . . �
<br /> • . � • � by. or defends agains� enforcement of the lien in. Iegal praceedings which in the Lettder's�pinion operate to gr�eat the ., . .�,: �.-
<br /> ' enforcement of�he liea:or(c)secures from the holda of the lien an agreem.°nt satisfactory rs�&.ender su�osdinatinS the lien to � �;�;:,��r��-�:
<br /> `. . .. �'
<br />_ � tbis Secwlry Instrument. if Leader detetmines that auy parc of thq Praperty is subject to a lien which may a t t a i n prioriry over . • , .
<br /> • � this Seauity tastmment.l�eader may give Barrower a aorice ideatifyiag the liea.Berrower s�nll•satisfy the lien or take one or
<br /> , . .:` ;•.,.. ;, moae of che aaions set foM above within lO days of the giving of nouoe. . . ; �
<br /> • '�.:: _,. . iorm3028 9/90 .
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