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<br /> `' 'r� �`< . ��a}�ea5emen�ts.appurtenanees.and :t
<br /> . . �, Tp!#ErHER WiTH sill the improvemeats now or hereafter erected oa the,;nop�y. covered this Security
<br />: I° � � ° fixuues now or Aerrafter a part of the prope�ty. A11 c�tacemeats aad additi°ns s�� �so be by
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<br /> ' Insttument.AI!of the foregoing is cefer�ed w in this Security Instrament as the"ProP�Y•
<br /> ` SOitROWER COYFIVAN'fS that Barrawer is lawfiilty seised of the estate heieby conveyed and has the right to grnnt artd
<br /> ,•�� ,•r±•. '�. oonvey the Property and tdat the Psopecty is unencumbered.exce'P= for enaunbrances of reoord. Borrower wanants and witl
<br /> ; �f�g¢�r�Uy the tide w the Progerty against all ctaims and de�uaads.subject to any e�uumbcanses of remrd.
<br /> • - , iu
<br /> �,,:_�� THIS SECURTTY INSTRUMENT oombi�s�nif°ra'oovenants for nadonal use and non-uniform covenanu with limited
<br /> - variations by jnrisdiction w oonsritate a uniform securifY ia�u�t wv�iag rea!Frapenl'• ----
<br /> � • UNffORM Ct?VEAIANTS.Bo:mwer and Lender covenant and agcee as follows: p � �vheo due the '
<br /> `` � 1. Peyment oY P�3n�ci(r�l sted taterest: P+�PaYm�►t end Lste C6a�es. Barrower shall ro ttS+ PaY - _ .��
<br /> . . psincipal of and inte�st on the dcbi evidenoed by the Note and anY R�Y�°t�d tate charges due uader the Note. .,r w
<br /> � . ..._, �
<br /> 2.Fhuds for Tases an�lasarame•SubJect to applicable law or to a written waivee by Lcnder. Borcower shall pay to .
<br /> ' E�ender on the day ta+onthlY Pa]+menu are d��er the Note.until the Note is paid in fuli.a svm("�unds")for.(a3 Y�Y� -
<br /> ' and assessme�ts whicb may attaia p�riority wer this S�rity Insttument as a lien on the Prope�ty;(b)YearlY leasehotd payrnents -
<br /> , or grouad rents on the Praperty,if an}+:(c)YeartY dazaTd or prnperty insuzance premiams:(d)YeariY flaod insurance praniva�s. .
<br /> ' if any:{e)YeartY mortgaEe insu�aace Premiums.if am+:and(�anY su�Payable by Borrawer w lxnder,in acoordance with
<br /> � the provisions of paiag�aph S. in lieu of the payment of mortgage insurance premiums.These items are calted'Fscrow Items." : .:.
<br /> ' Lender may.at any time.coltea and hoid Fands in an amovnc not w exceed the maximum amowit a tender for a federaliy ::�'..:
<br />. ' related mortgage loan may reqaire for Eorrower's escrow acoount Qnder the federal Real Fstate Settlement Praceduies Act of _
<br /> .'.,` . . 1974 as amended fram time w dme.12 U.S.C.Secaon 26di er se�.("RFSPA").unless another law ttasi applies to the F�nds »-
<br /> im
<br /> . sets a Eesser amount.If so,Lender may.at su}+time.collect and�oid Funds in an amouat not to exceed the tesser amounG �i.
<br />._ . . � Leader may esdmate the amount of Fands due on the bagis of cument data and reasanable es6mates of expenditures of fumre
<br /> Fscrow Items or otherwise in acoordattse+r+ith sPplicabte law. ��
<br /> .•� =.. :� � ,
<br /> .:�,��'."��:,;'i;' The Funds shall ire 6eid in aa"usritution whose deposiu are insuied by a federal agency, insuumentalitY, or entiry .-
<br /> � (including L�ender,if Lender is sucb an institution)or in arry Federal Home Loaa Bank-1.eader s6a11 appty the Funds to paY the .
<br /> � �..` � �Fscrow Items.Lender may not chasge Borrower for hoidiag and applying the Fu�s,annnally analyzing the escrnw acooun�or :
<br /> _ ...._�.,�_:.. . ,,
<br /> ... , •.` � verif5+ing the Escrow Items,unless I.�nder pays Horrower iaterest an the Fu�ds�d applicabte!aw permita I.ende,r �� �. .:,,�
<br /> �. ; a cLar�e.Kewever,Lender may require Barrower w pay a ono-ti�tharge for an indepandent reaf estate tax repo � � �;�_�.'_ _
<br /> La -
<br /> . ; uaed by L�'er in oonsiect�On.with this toan, unless applicabte ;:ur provides.otherwise. Unless an agreement is ma�e aF
<br /> . . ' `� �plicabl�:aiv�equires inte�est to be pa[d,Ix,ader shal!not be•��edto PaY Borrower any intet+ese or eamings on the Fct�s.
<br /> • t�brrowei and I.eader may agree�n wntmg,
<br /> howeves.c�s inter�st�11[s� *�" en the Fuads.Lender stiat���3ve to Borrower, �- ��
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<br /> .svithout charge,an anmial accowiting of the Fnnds, �vriag�ts and d���the Fuqds and the pm��fos wluch each ,
<br /> � .��� debit to the Funds was made. �e Funds are pledged as addidonal seauity foi�.?.r,�4s s�d bY this Seaurtty Iastzument• � � �_
<br /> t'i i�;'� . , I f t h e F u n d s he t d b y L e n d e r e a�a e�f i t h e a m o u n t s y e c m i tt e d t a��s e l d b Y a P P l i c a b l e l a w,L e n a e r shall accaunt to Borrower �
<br /> • �r��' � for the excess Funds in aaordance witis the requirernents of applir�abte law.lf tke smouat of tlte Funds held Ery i.ender at any , �,
<br /> in such case Bormwer• : ��'_
<br /> � -'� time is not suffectent to pay the Fsemw Items when dne.I.ea der may so no t i f y�'a a o w e r i n w ri t i n g,a n d,, '.�,.-_
<br /> � � � � `` shaU pay W Lender the amount nec�sary to make up the deficieacy.Bonower shall m�ke up the defic�ency in no more t6an �.
<br /> . ` twetve monW1Y P�S+�nts.et Leuder's sole disccetiom. � �'-`-
<br /> � ' . ` '� ppon payment in full of aU sums secured by this Security Instmment, Let�der shall promptly refund to Borrower any �;=
<br /> � .. .-�: ',:; Fuads held by Len�er.If,�ndw paragraph 21,Lender shall acquire or seil the Property.Lender.Prtor to the acquisition or sale . _
<br /> : . ` of the propetty,shall appiy any FunQs hetd by Lender at the time of aoquisidoa or sale as a credit against the sums s�uted by __
<br /> . , . , ; this SeaIIiry Im4ttument. ��.
<br /> � � 3.AppHc�tion of Paym�ts.lTniess aAPlicable taw pmvides othciwise.a!1 payments recelved by Ixnder under paragraphs �,
<br /> , ;.}5�� , 1 and 2 si�atl be a lied:fust,to any prepayment char$es due ander the Note; secand,to amounts paya6te wzdee paragr�h 2; �
<br /> pp • �.,P -
<br /> , ;}p�y,f�, � tirird,w interest due;founh.to principal due;and last,to any late charges due under the Note.
<br /> � �`�,� : q.Chargcs;ldea9.Borrower shall pay all taxes.assessments,charges.fines and impositions attrib�le to the Propeny . �,�.
<br /> :; ���. . � .
<br /> � � afiich may attain prIority over this Secvriry Instrument,and teasehoid payments or grouad tents. if any.Bomoaer shall pay �_,
<br /> � , • these obligations in the inanner provided in paragraph 2,or if not paid in that manner.Borrower shaU pay them on time directlY _
<br /> • to the pecs�:,�wed payment. Borrower shail promptly fumish ta I.ender all notices of amounts to be paid under this par$graph. ,
<br />_ ' . • �r If Barrowes�akes these paymencs directiy,Borruwer shall promptly farnish to Lender receipts evidencing the paymenis. '
<br /> ' , • ' • Boimwer shall pr�c.ptty discl�arge any lien which has priority over this Secarity tnstrament unless Borrower:(a)a�es in
<br /> • writing to the payment of the obligation secuted d3�t�a Iten in a manner acce�'�le to Lender:(b)cantesta in good faith the llen
<br /> � ' by, or defends against enforoement of the liete i�x. �egal proceedings which in the I.ender's apinion opeiate w prevent the
<br /> enforcement of the llen;or(c)secv�s�om the P:�'-3'er of the IIen an agr�ement sadsfactory to Lender subord�nating the lien to •
<br /> ' .�''!�� this Se�i. Instrument.if Lender�ines that a�cy Part uf cl�ProDertY is subject to a uen whlch may attain piiority aver. .
<br /> ••i;r'r . 'y .
<br />_' • , this Security Instrumens.Lender maY g"sve Bomaa►e�a notice iF.�°.ifying the lIen.Borrowe��Il saflsfy the llen or take one oi
<br /> ' � � more of the actions set.`•erth above within 10 Gay s c`�:e giving of notice. -
<br /> � . ' FaTm 3028 9l90
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