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<br /> TQC3ET!!Eft tVfTH u!1 thc 3mprovem*nts n�w or hereaftcr erected on the propetty,and all casementx.uppu enunc ,and
<br /> t�xture9 now ar herca�ter a part oP the prupn�iy. Ail �ep18e�:TrtCi1tS �Ttd ndJitiarr� siiull a4sa 6e covered by thi� Se�cucicy _
<br /> Iushvment.All of tiu foregoing ig referred ta in this Sccurity Instrument as the"Prnpersy."
<br /> BORROW6R COVkNANTS that i3orrawer is luwflally neisod of the estuto hereby cunvcyccl und I�us thc rlght to grunt nnd
<br /> canvey the Pro�rty and thut the Fraperty is unencumbered,except far encumbrunces af record. Borrawer wnrrmus and will
<br /> defend gentrally the titlo to the Praperty aguinst all cluims und demandg,subject t�uny encumbrances of recard.
<br /> THIS S�CURITY INSTRUM�NT comblrRS unit�rm covcnants far nutionul use und non-uniform cnvencu�ts with limited
<br /> varistion,r•by,jurisdicdnn to constitute a uniform security instrmnent cavering real propt;ny.
<br /> UNIFORM COVENANTS. Rorrowr.r�md Lender covenant nnd uRrcc as follows:
<br /> 1. Payment a!Prtncipd pnd Intereah. Prapwymmt pnd I.Ate Ct►�rQ�w. Borrowcr shall praniptly �uy when due thc
<br /> princlpal af and intcrest on the debt evidenced by the Note and any prepaymcnt enci tate chargcs due undcr thc Note.
<br /> 2.Fund�far T�xes and Ituura�ece. SubJect ta applicuble law ar to a written walver by Lcnder, Borrower ghall pay to
<br /> Lender on the day rr�anthly paymcnts are due under the Note,until the Note is paid in full,u sum("FundA")far:ta)yearly taxes
<br /> and assessments which rnay uttain prlarity aver thia Security Instrument as a lien on the Property; (b)ye�uly lcaschold paymente
<br /> or ground rents on the Property, if any;(c)yenrly ha•rard or property insurance premiums;(d)yeurly fload insurance pttmiums,
<br /> if any;(e)yearly mortgage insuranca premfums. if any;and(� any sums payable by Bonower ta I.ender. in uccordance with
<br /> the provtsions of paragrapft 8, in lieu of tha payment of mortgage insurance pnmiums.These items are cnlled "Escrow Items."
<br /> Lender may. at any time, coilect and hold Funds 3n an umount not to exceed the maximum amount a lander far a federally
<br /> relatal mortgage loan may require far Borcower's escrow accaunt under the fe�eral Real Estate Settlement Procedures Act of
<br /> 1974 as amendal from timc to time, 12 U.S.C. Section 26E11 et seq. ("RESPA"). unless anather law that applics to the Funda
<br /> seta a lesser amount. If so. Lender may, at any Ume. collcet and hold FutKls in an amount not to exceed the lesser unount.
<br /> Lender may estimate the amount of FuuJa due on the basis of currcnt data and resisonable estimates of expcnditures of futurc
<br /> Escrow Items or otherwise tn accordance w[th epplicable law.
<br /> The Funds shall be held in an institution whose deposits ere insured by a federal agency, Instrumentaliry. or entlty
<br /> (including La�der. if Lender is such art institution)or in uny Federal Home Loan�ank. Lender shall apply the Funds ta puy the
<br /> Bscrow Items.Lendcr may not charge Borrowcr for holding and applying the Funds,annuslly analyzing tho escrow account,or
<br /> verjfying the Escraw Items.unless Lender pays Iiorrower interest on the Funds end applicable Iaw permits Lender ta make euch
<br /> a charge. However.Lender may reyuire Bonower to pay a one-time charge for an independent real estate tax npocting servia
<br /> used by Lender in connection with this loan. unless applicab(e luw provides otherwise. Unless an agrament is made ar
<br /> appl�cable law requires intec+est to be pxid.L.ender shall not bc requiral ta pay Borrower any interest or earnings on the Funds.
<br /> Borrower end Lcnder may agire in writing�however. that fnterest shall be paid on the Funds. L.ender shall give to Borrower,
<br /> without cherge, an pnnual accounting of the�unds. showing credits end debits to the Funds end the purposc for which each
<br /> debic to she FunJs wa�u�c.'fi�a:u�arc pir,3gd�add�tions!secssrIt;fQr a!1 s�1ms�!�rexl by this Security Instrument.
<br /> If the Funds held by L,cnder eaceed the amounts permitted to be held by applicable law.Lender ahall account to Borrower
<br /> for the excess Funds in accordance wlth the requinments of appltcable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Escrow Items when due,Lender may so nottfy Borrower in wrlting,and,In such case Borrower
<br /> shall pay to Lender the amount necessary to malce up the deficiency. Borrower shall malce up the defictency tn no more than
<br /> twclve monthly payments,at L.ender's sole discretion.
<br /> Upon payment in full of ail sums securod by this Security Insnument,I.ender shall prompdy nfund to Borrower any
<br /> Funds held by Lender. If.under paragraph 21, Lender shall acquire or sell the Property,L.ender.prior to the acquisition or sale
<br /> of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit agalnst the sums secured by
<br /> thic Sc�urity In�strument.
<br /> 3.Appltatlon oi Payroents.Unlesa applicable law provIdes otherwise.all payments received by Lender under paragcapha
<br /> 1 and 2 shall be applied: �rst. to any prepayment charges due under the Note;second,to amounts payable undee paragi�ph Z;
<br /> third,to interost due;fourth,to principal duc;and last,to any lat�charges due under the Note.
<br /> 4. Chs�rQa�; LIEas. Borrower shall pay all taxes,assessments, charges.6nes and impositions attr�butabic to the Property
<br /> whicu may attain Priority over this Secur�ty Instcumen+. and teasehold payments or ground rents, if�y. Aorrower shaU pay
<br /> these obligations in the manner provided in paragraph Z,or if not paid in that manner. Sorrower shall pay them on time diroctly
<br /> to t3�e person owod payment.Bumc�wer shall promptly furnish to Lender all nodc�s of amounts to be p�id wder this p�ragrnph.
<br /> If Borrower makes these payments directly.Borrower shull promptly furnfsh 10 L.Cnder'reoeipts evideneing the paycn��nts.
<br /> Borrower shall prumptly discharge any lien which has priorlry over this Security Instrument ueless Borrower:(a)egrees In
<br /> writ�ng to the payment of the obligatlon secured by the lien in a manner acceptable to Lender;(b)oontests in good faith the lien
<br /> by, or defends against enforcement of the I{en 1n. Iegal pn,cadings which in the Lender's opinion operate to prevent the
<br /> enfarcement of thc lien;or(c)secures from the holder of the lien un agreement sadsfactory to Lender subordinating the lien to
<br /> this Security Instrumcnt. If Lender determines that any part of the Proparty is subject to a lien which may attain priority over
<br /> this Secudty Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or taka one or
<br /> more of thc stctions sct forth above withln 10 days of the giving of notice.
<br /> Fam 3028 9/90
<br /> Ppe$Of 8
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