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<br /> , . ' - TOCiETHER WITH ali phe Improvements now or flemafter ereaed on the property,�d��ents,app , :1=•`�'`'"
<br /> 'c.�` ! ` fixtutes naw or hereafter a part of the gmperty. All replaoemeuts aad additions st�all also be covered by Wis Secu:ity ��: '_��:.$r=' ,
<br /> , :� � �
<br /> . ��+- ". � Lnstrument.AIi of the fon�oing is nferred to in this Secwity Tn�ms:t as the°Property.° � — _.
<br /> `�4` �' BORROWEFi COVENANTS that Borrower is tavirfutiy seisecl of the estate hereby cor►veyed�and t�as thc right to graat�d . '���-:<;
<br />� . . �� coavey the Property aad that the Pro�tty is nnencum6ered.except for encumbrances of rernrd. Boaower wan~ants'mid wifl <',, .
<br /> —�� def�rtd generally the atte to the Property ngainst all claims and demands,subjecx w any encumbrances of record. _ _`
<br /> ':s.. ;` T HI S SECURITY WSTRUR+IEN'P combiaes uniform oovenauts for national use and nntfuniform covenants with fimited � . __� '`
<br /> ty' rnverin real ro ��'
<br /> . vasiations by jurisdiction to constitute a uniform se�ri mstrume�►t 8 P i�rtJ+• . ;`;�,
<br /> �} ' � IJNi�ORM COVENANfS.Borroa•er and i.ender caveaam and agree as follows: '`
<br /> t : .. !. Feyment of Priacipttl sud Fnter�st: F3�ePaYmeM and Late�CLasges. Bomnwer shall promptlY Pay when dne We ` _
<br /> ' s+ `.` priacipa!af and'uuerest on the deht evidenced by the Note and nny ptepayment and tate ci�arges due nnder the Note. _
<br /> � � "''" Z, fimds for Texes and Insuraisce.Subjcct to appllcable law os to a written waiver by L.ender. Borrovrer shalE pay to ,�`
<br />_ _ � : •�F�::-.�t� - e e _
<br /> Lender on the day monB�Iy payments arc due ander the Note.imtil the Note is paid in fnU,a sum( Funds )for.ta)Y�Y�� ;�,�,":"��_
<br /> ;`�; '`•� amd a5sessments wtucb�aay atmin priority over this Security Jnsuumeat as a lien on the Pmperty:(b)Yeazly Ie�sehoW�Payments �•:�::,__.�.....
<br /> ` '+�`:,`.::•:r or gcound reats on the Property.if artY:(c)Yearty ha�d or property in��+�++ce p�minrns;fd)Yearly ftood ins�uaaae piemiuws,
<br /> .. , , :-�� if any;(e)YeaziY mortgage insurance picmiums.if any:aud(�anY sums PaYable by Borrower to Lemder,in accord.wQe with
<br /> '-:�4; the provisions of parag,raph S.ia lieu of�the payment of mortgage insuzance premioms.These items are called°Fssrow ILems." �` � _ '.
<br /> `�-.
<br /> � `: ti�� Lender may. at any time. colleCt.and hold Funds in an amauat not to esceed the maximum amnunt a lender for a federalty .,, ;
<br /> .� ..�- related mortgage lpan may.�zquir+e for Bormwer's escrow acoount under the fedezal Reat F•state Settlemen►ProceQures Act of ,� '�_
<br /> �-� , ". �;� 1974 as amended from time to time. 12 U.S.C.Secrion 2601 et seq.("RESPA°).untess auothet law that applies to th�Funds
<br /> .::r �_: ;•.;.` sets a lesser amaunt. �f so, I.euder may.ai any time.colIect and hold Fnnds in an amnu�not w exceed ihe tesser amoant. �� `:�_--'�
<br /> ;���. Lender may estimate the amouut af l�unds due on the basis of c�rrent data and reasonable estimates of expenditures of fatune _
<br /> ��. � , � ;> Escrow Items or ottierwjse i�acoordahce with applicabte law. •. =;- ,-
<br /> . . � �?� The Funds shall be hetd in an institadion whose de,posits are insured 6y.a federal agency, insuumentality. or eatity a,--•u r_.�-
<br /> ,, E _ --
<br /> . �- (inctuding Leader,if Lender i�such an inssitu4ion)or in any Federal Home Loan Banlc.Lender sha11 apply the F�ds to pay the k :: _-
<br /> � `� Escmw Items.I.ender may not cfEar�e 8orrower for holding and applying the Funds,anaually aaalyzing the escrow accouai.or. �� u.
<br /> - � ' v a�.Escrow Ite�s.anless Lender ays Baaower interest on the Fuads and applic�ble law permits Lender to make sacb �' —
<br /> •',:��• ' _�:i �'� P �'.�;:.:—
<br /> ��.`,���; a cbacge.t$is�vever,Lender tnay requue Borrawer to pay a one-time charge for an independeut�eal estate tax reporting s�rvice � ���
<br /> ,- �i nsed 6�3 Lender in connection with tfus.loan, nbless aPPlicable law provides otheta+ise. Unless an agreement is made or � � ` ,
<br /> __ � applicable law requires interest w be paid.l.ender sNall aot be required to pay�orrower any interest or eaunings on the l�unds. . �,�__
<br /> :� •! ' : �iprrower and Lendes may agree in writin8.hovuever, that interest shall be paid on the Funds. Lender shall give to Bntrower. �xx;:'_
<br /> _ . ,,`�•'E � without charge,an annual accounting of the Funds;showing cre�iu and d�bits to the Funds and the purpose for which eacb. � �'�' _;
<br /> -�:•�.•,;.:�; €` debit to the Funds was ma.de.The Funds are pledged as addidonal secority fas a!t ss�ms�cvrd by this Security Instmment. . _
<br /> ff the Funds held 6y Lender exceed the amounts pemutted to be held by applicable law.Lender shall account w Borrower �� _
<br /> .. ;�� �
<br /> � • .. �.? for the excess Funds in nccordance with tt►e requiremenu of applicable Iaw.If the amount of the Funds h�ld by I.ender at any
<br /> �, ,�*�' ,–
<br /> � time is not sufficient to pay the Fscrow Items when due.Lender may so notify Eorrower in writing.and,in sach case Borrower _
<br />- – • � �L� ° shali pay to Lender the amount neccssary ta make up the deficiency. Bosower shap make up the deficiency in no more than � '°'�'""
<br /> �t' twelve monthlypayments.at Lender's sole discretion. • `�`���" `
<br /> . ���� � Upon payment in fult of all sums secured by this Security Insuument, Lender shall p�mptly refund to Borrower any � ��
<br /> # • Bunds held by Lender.lt;under paragraph 21.L.ender shall acquire or sell the Property.Lendes,prior to the acquisition or sale ' .s�--�
<br /> " of the Froperty,shall appfy any Punds hetd by l.ender at the time of acquisition or sale as a credit against the sums securet!by � _
<br /> .t -
<br /> ` � this Security Instrument. – •
<br /> ��.� ._. '• .:4•+ 3.Applfcatton of Payments..lTriess applicable Iaw provides otherwise,a11 payments rea:iyed by Lender under paragraphs � ' --'� �"
<br /> . . i: 1 and 2 shall be applied: first.to any prepayment charges dae under the Note;second,to amaanfs payable under paragra,�h 2; ^ ,:
<br /> � • • ' '•�_;., third,to interes[due:fo�,to principal due;and last,to any late charges due under t{�e Note. , ' T _
<br /> 4.Chaeges;Liea9.Bonower shall pay all taxes,assessments,charges. fines and impositions amibutable to the Pr+nperty t
<br /> " ' �, which may attain prinriry aver tlus Secudty Instru.uat,and leasehold payments or ground rents.'if any.Borrower shall pay - '�-��
<br /> � � ' these obligaeioils in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall paythem on time directly : �''>�-�=�=�=:
<br /> .:_,��,.-__
<br /> - to ttie pers�c�owed payment.Borrower shall promptly fumish t��der all noGces of amounts to be paid under this para�aph.� � •
<br /> . .� If Borrower makes these�:ayments directly.BorroK•er shall promptty fumish to Lender receipu evidencing the paymenu. '��"''' '�
<br /> � � Bonowet shall prLL�tly discharge any lien«�:�ich has priority over this Security tnstnwent unless Borrawer:(a)agrees in , : .:
<br /> �y`� � � . � writing to the payment of the obligation secured by the lien in a manner acceptable to I.ender;(b)contests 9n good faith the lien •
<br /> ',:;. � • . by.or defends against enforcement of thc lien in. legal praceedings which in the Lender s opinion operate to prevent the --
<br /> . � enforcement of the lien;or(c)secvres from the holder of the lien an agreement satisfactory m i�ender subordinating the lien to .
<br /> ' �" � this Security lnstrument. If Lender detemunes that any part of the Praperty is subject ta a lien whic.h may attain priority over . . .
<br />- • . .. � • this Security instrument.Lender may give Borrower a notice identllqing the lien.Bonower shall sa6sty the lien or take one or • '
<br />'"•` � . ' more of the ac6ons set forth above within 10 days of the giving of noticc. ,
<br /> .�•
<br /> ' form 302F3 9I90
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