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<br /> � �,.�� TOGETHE[t W1TH all the improvements now or hereafter erectod on tRe property.and all easemenu,appurtznances.and
<br /> ` . 8atures now ar hereafter a par[ of the property- AIt ceplacemenu and additions shall atso be rnvered by this S�curity
<br /> • Instnunent. All of thc foregoing is refemed to in this Security[nstrument as the"Praperty.' �
<br /> ' 4 BORROWER COVENANTS that Barrower is Itiwfuliy seised of the estate her�l+y wnveyed and hss the right to gtant and ��•" .
<br /> . ...��r..:- , wnvey the PrnpercY end thnt the Propercy is uncncumbered. except for encumbrances of record. Borrower warran[s and will
<br /> _ '""�""�` defend generally the ritie to the Property against all claims and dcmar►ds.subject to uny encumbrances of rcxord.
<br /> -� -- THIS SECi3R1TY I1VS'fRUMENT combi�uniform co�enants Cor national use and non-uniform covenanu with limited �4_`r_
<br /> ` . . ' variations by jurisdi�tiun to canstitute a uniform securlty instrument covering rea1 propenY•
<br /> s UN{FORM COVENAI3'fS.Borrowec a�td L�ader covenant and agree as follows:
<br /> � � '_,`� 1. Payment of Prvtdpsf end Interest; Prepaytnent and Late Charges.Bortower shall promptly pay whea due the
<br /> �_ _ F � - . principal of and interest on the debt evideaced by the Nate and any prepayment and late charges due under�he Note.
<br /> . �� 2.Funds for Taxes aad fmvrance.Subject to applicable law or to a written waiver by Lender. Borrower stsall pay to ' `'
<br /> , ' �;._� L e n der on t h c d�y monW y pa y m e nts are due under the Note,anti!the Note is paid in fiill.a sum('Funds")for.(a)yearly taxes ..
<br /> and A����••,pnts which may auain priority over this Securiry Instmment as a lien oa the Property:(b)Year1Y teasetwld payments ;���4.
<br /> •�. ��•�•.� or ground rents on the Property.if any:(c)Year1Y hazard or property insurance pmmiums:(d)YearlY ftood insurance premiums. • :;;;
<br /> � �. if any:(e)Yeaz1Y rnortgage insurance premiwns.,if any:and(�aAY sams Payable by Borrower to Lender.in aceotdance with .
<br /> � �,�,� the provisions of paiagtapb 8,in tieu of the pay�nt of mortgage insurance Premiwns.These items are called°Fscmw Iteias."
<br /> Lender may.at any time. cullect and hold Fnnds in an amouat not to exceed the maximum amount a leader for a federally �:;_
<br /> , � retated mnrtgagc taaa may cequire for Borrower s esccow accouat under the federal Real Estate Settlement Procedures Act of
<br /> . , �. .�•.`±.
<br /> 1974 as amended from time to tune, 12 U.S.C.Secdon 2601 e�seq.("RESPA"),untess aaother law that appltes to the Funds .
<br /> �.. t,`•_j sets a lesser amamu. If so. Lendrr may,ai any timc.wliect and hotd Funds in an amouni not to exc��e lesser amount. �,���..
<br /> �--^ ^�-���? Lender may estimate the amount of Funds due on the basis of current data aud reasonable cstimates of expeadimres of future -r
<br /> ; �r; . F s r r ow Items or othera+ise in acoordanoe witt►aPPlicable law. ��••
<br /> : " The Funds sl�all be held in an institutioa whose deposits are insured by a fedecal agency. ins t c u m e n r a l ity• or en t i t y �-:�••�
<br /> • - � (including Lender,if I.ender is sus�an institution)or in any Federal Home Loan Banlc.Lender shall apply the Funds to pay the _
<br /> ... . . .�.`���. Fscroa kems.Lender may not charge Borrower for hoiding and applynng the Funds.annually analyzing the escrow acoount,or __1,:
<br /> . ,�:� `..� • � verifjring the Escr�ow Items,unless Lender pays Borrower interest an the Funds aad applicable law pemtiu Lender to mnke such ` =s=
<br /> ;�r,;;..�.•... "�°: a charge. However,Lender may require Borrawer to pay a one-time charge for an independent real estate tax rePorting servcce
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<br /> ��+1�'k:• . >•. used ¢Y Lettder in wnnection with this loan. udess applicable law provides othenvise. Ualess an agreemeni is made or 6
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<br /> , „ii,,���,::,.;."�� applicable law requires interest to be paid,Lender shall not be requ��o pay Borrower any iater�t or eazaings��e Funds. _
<br /> • ``E f�:" . • ����`: Borrower and Lender may a�cee in wriring. howevet,that interest shaU be paid on the Funds. I.eQder s6aU give to Bosrower. __
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<br />, " .' `� ' without charge, an annual accounung of the Funds.showing cr�iu and debits to the Fuads and the purpose for wluch each . "'%
<br /> ' .%�. � de6it to the Fands was made.The Fnnds are pledged as additional security for all sums secured by this Security Inshumen� �. `.'
<br /> ""'" ` ! 1f the Funds Aeld by Lender exceed the amounts pemutted to be hetd by applirable law.Lender shall accaunt to Boaower �r -
<br /> ' � � for the eacess Funds in aocordance with the reqaiiements of applicable law. If the amount of We Funds held by Lender at any
<br /> � �t`�"� time is not sufHcient ta pay the Fscrow Items when due.Lender may so notify Borrower in writing,and.in such case Borrower �',';=.:___
<br /> shall pay to Len�er the amount necessary to make up the Qeficiency. Borrower shall make ug the defiaency in no morc than �;T
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<br /> ,,�:.�.:.. , . ,�,�� twelve monthlY payments.at I��der's sole dissvetion. �...�.:
<br /> :..,';Issl;: :�� : Upon pay�aeat in fiill og:�J sums se� by this Security Instrument. Lender shall prompdy refund w Bortower any ';..=::
<br /> �,'�l,�r� • t,ender.priar to the a sition or sale �_
<br />'. :�:;�� � � Funds hetd by I.ender.If.under paragraph 2�.�der shall acquire or setl the Property, � - -
<br /> � •�.�� ::.: `. •.. .
<br /> . • ;.;.,-• of the Praperty. s.ha11 apply any Funds hel�f�;�9r�nRer at tm�ame of acquisition or sale as a credit ag,ainst the sums secvrod by -
<br /> . • ;'!; �� this Sec�rity Ins�..��t. : ".
<br /> . ,: •�� n�� 3.AppltratIIaa of Paymer+is.Unless applicable law provides otherwise.all paymeats received 6y 3.ender under paragraphs �-'
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<br />- 1 and 2 shall be applied:fu�*,.:n any prepayment charges due under the Note:second.to amounts payable under paragzaph 2; ,
<br />_- • ,• , ` ,`:'� third.to interest due:fourti�.co principal due:and la5t.to any late charges due under the Note. • �'��;rz:
<br /> - • 4.C�Cg¢��,c�s.Bcres�ver shall ay all taxes.assessments.char�es.fines and impositions attributable to the Property �'�r<<.:
<br /> � : p �;.�,,,xi.
<br /> . � .,.;f , whlch may apa:a�sity 6ver this Security Instrument,and leasehold payments or ground renu. if any. Hosrower shall pay �
<br /> ��� '',: : ';;<• .-� these obligatior.s�t:'°ma�'.ner provided in paragraph 2.or if not paid in that manner.Borrower sball pay them on tlme directly
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<br />_'�,,,,.,;• .. .. . to tl•.c person ow•ed paya�ent.�',nnower shall ptomptly fumish to Lender all notices of amounts to be paid under this paragrap . y'`fj��,,
<br /> �, +�.,_ If B�orrower maEces these payme�'ts directly.Borrower shaU promptly fumish to I.ender iecelpts evidencing the pay�rents. 'J:f-
<br /> Borrower sl�Il promptly discharge any lien which has prlority over this Security InsWment unless Borrower:(a)agrees in
<br />` +, •�?� � • writing to the Fs�u�ent of the obligatton secured by the lien in a manner acceptable to Lender.(b)aontests in good faith the�ien ,
<br />=� • ' '��' by. or defends �ast enforcement of the lien in, legal proceedings which in the Lendet's opi�on operate to�revent the .
<br /> ' " � enforcement of tiie lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to �;.+`_
<br /> � this Securiry Instrument. If Lender determines that any part of the Property is subject tu a llen which may attain p»oriry over �•. ���
<br /> ��;;,:�
<br /> . . � thls Securiry Instrument,l.ender may give Boaower a notice identifying the lien. Borrower shall satisfy the lien or take one or ^�`
<br /> , more of the actions set forth above within 10 days of the giving vf notice.
<br /> _- . � . Form 3028 9J90 ,
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