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<br /> ��R 9�'� �li1+�90 �
<br /> � ;s� TOCfTHBR WITti ull thc impr��vcments now or hereafter erected on the E�mperty, and ull cuscmentti,uppurtcniuiccs,and �
<br /> � •; fixtures rn�w iin c�rcai'tcr u part of thc pr��perty. All replacemcnts and udditions ,hull also bc covcrcd by this Sccurity
<br /> �" ''i� Instrumcnt.All of thc forcgcying is rcf'crrcd to in this Sccurity 6utrumcnt ris thc "Property."
<br /> BORROW�R COVL'�JANTS lhitt 13orrow�r iti li�wfully scised of the estntc hcrcby ccmvcycd und has �hc right tu�riuu und
<br /> .� convcy thc Prnperty.+nd thut thc Presperty is uncncumbcred, czccpt Por encumb�anccs �if rccord. Borrowcr warrants und will
<br /> ��. defcnd bencrally thc citic t��thc Pruperty ubuinst ull claims un�dcniands,subjcct to any cncurnbr,incrs af rcrnrd.
<br />''����� 'fHIS SECURlTY INSTRUMENT combines unifonn cavenants for nationul utic und non-unifonn covcnuntti with limited
<br /> • '�' vnricttions by jurisdiction tn constitutc u uniform ticcurity instrumcnt covcring rcul property.
<br /> � UNIFQRM COVE NANTS. Bnrrowcr and I.endcr covenant und agree a�follaws:
<br /> 1. Payment oP Principal und InterMt; Prepuyment and I.ate Chnr�es. Bnrrowcr shall promptly puy when duc thc
<br />: � principal nf and interest on thc Jcbt evidencat by thc Notc and any prepaymcnt und latc charges due under tl�c Nnte.
<br /> � ,. „ 2. Funds for Tuxc.�und Insw•anee. Subject to applicablc law or to a written wuiver by Lender, Aorrc�wer shall puy to
<br />'.�:''�► Lender on the dny monthly payments arc duc under thc Notc, u�itil the Notc is puid in full,u sum("Funds")for:(a)ycurly wxes
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<br />���..• • and assessments which rnuy utt��in priority over this Sccurity Instrumcnt ac�licn on the Property; (b)yearly le:uehold payments
<br /> w:�;:::, :.� ,! or ground rents on the Property, if any;(c)yeurly hazurd or property insurance premiums;(d)yenrly flood insurance premiums, :
<br /> J�`Y' � if an (e)yearl mort a e insurunce remiums, if an and (�an sums a able b Borrower to Lendcr,in uccordnnce with
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<br />?"•��:;`''-",�.`. the provisions of paragraph S,in lieu of thc pnyment of mortgage insurance premiums. Thetie items are calleci 'Escrow Items."
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<br />�:'��;•`'':•'ti';� ' I.cndcr may, at any time, collcct and hold Funds in an nmount not to excceci thc maximum amount a lendcr for a fcdera y
<br />_ , ��' related mortgage loan may require for Borrower's escrow account under the feclerul Real Bstate Setdement Proculures Act af -
<br />-9.= ��•'�' 1974 as amended from timc to time, l2 U.S.C. Scction 260!e�seq. ("RPSPA"), unless anothcr law that applics to the Funds
<br /> � sets a lesser amaunt. If so, Lender may, at any time, collect and hold Funds in an amount nat to excced thc lcsser �tmount.
<br />�:.�,:•..;. �- Lendcr may estimute the amount of Funds due on the bnsis of current data and reasonablc estimates of expenditures of futurc
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<br /> r Escrow Items or othcrwisc in accordancc with upplicablc law.
<br /> al?, The Funds shall be held in an institution whose deposits arc insurcd by a fedcral agcncy, instrumentality, or entity
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<br /> (including Lender, if Lcndcr is such an institution)or in any Fcderal Home Loan Bank. I.ender shall upply the Funds ta pay the
<br />- � " Escrow ltems.Lender may not churge Bocrower for holding and applying the Funds,unnuully analyzing the escrow account, or
<br />�•' � •:�� verifying the Escrow Items, unlcss Lender pays Borrower intcrest on the Funds and applicable law permits Lender to make such
<br /> _�.��t� _ a char�;e. However, I.ender may require Borrowc►•to pAy a onc-timc charge for an independent rcal cstatc tax reporting service ;
<br /> ' usecl by Lender in connection with this loan, unless applicoble luw provides otherwise, Unless an agreement is made or �
<br />:`!����: � � applicable law requires interest to be puid,Lender shatt not be required to pay Borrowcr uny i��tcresi o, cai�iiiig5 i�i�ili�Tcn�s.
<br />-` ' "±� ` " Borrower and L.ender may agree in writing, however, that interest shall be paid on thc Funds. Lender shall �ive to Borrower,
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<br />?,y:�.,,.-;;:_.:�"• without charge, an annual accounting of the Funds, showin�creciits a�id debits to the Funds and the purpose for whiclt each
<br /> � '' � debit to the Funds was rnude.The Funds are pledgc;d as udditional security for a!1 sums secured by this Security Instrument. !
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<br /> :� � ,: If the Funds held by L,ender exceed the amounts permitted co be held by applic3ble law, L.ender shall account to Borrower
<br /> '4-'�-'`'�;° . for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Lender ut any
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<br />�,.-:.� . . time is not sufficient to pay tlie Escrow Items when due,Lender may so notify Harrower in writing,and. in such case Borrower
<br />-_— • �; shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> -�_=���"^'� . twelve monthly payments,at Lender's sole discretion.
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<br />:-�>� � Upon payment in full of all sums ticcureci by this Sccurity Instrument, Lender shall prompdy refund to Borrower uny
<br /> —T'��=- x�t Funds held by Lender. If,undcr paragraph 21, L,cndcr shall acquire or scll thc Propcny,L.ender,prior to the acquisition or sale
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<br />—�-4i;�,.�;�,� of the Propeny, shall apply any Funds hcld by Lcnder at thc time of acquisition or salc as a credit aguinst the sums secured by
<br />',�••-} �-r,�; il��� Securir Ins.rumcRt.
<br />=r�^�.='�;"� 3. Application of Payments.Unless applicable law provides otherwise, all pxyments received by Lender under paragruphs
<br /> � . 1 and 2 shnll be applied: first, to uny prepayment chargcs duc undcr the Note; second, to amounts payable under paragraph 2;
<br /> '�'''.s:°.' third,to interest due;faurth,to principal due; nnd last,to any late chargcs duc under the Notc.
<br /> ,;��' "�; 4. Ch�rges; Llens.Borrower shall pay all taxes,assessmcnts, chacgcs, fines and impositions attribmablc to the Propeny
<br />— � which may attain priority over this Security Instrument, and le:ssehold payments ar ground rents, if any. Burrower shnll pay
<br /> ;_..;���::' thcse obligations in the manner provided in paragrAph 2,or if not paid in that manner, Bo�rower shull pay them on time directly
<br /> _;�.r , to thc person owed paymcnt.Borrowcr shall promptly furnish to I..endcr all noticcs of umounts to bc puid undcr this paragraph.
<br /> . If Borrower makes these payments directly,Borrower shaU promptly fw•nish to L.ender reccipts evisiencing the payments.
<br /> ,.-- - Borro«�er shull prnmptly discliarge:my li�n which has priority over this Sccurity Instrwnent unlcss Borro�ver: (a)agrees in
<br /> writing ro the payment of thc obli;ation sccurcd by[he lien in a�nanner�cceptable to L.ender; (b)contcsts in gaod faith the lien
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<br /> by, or defcnds against enforeement of the lien in, legal proceedings which in the Le:nder's opinion operate to prevent the
<br /> � � cnforcemcnt of the licn;or (cl sccureti from thc Itolder of thc licn an agrcemcnt satisfactory to Lender subordinating the lien to
<br /> _ ., � this Sccurity [nstrmncnt. If Lcnder determincs thut any part of the Ptoperry is subjcct to a lien which may attain prioriry over
<br /> this Scrurity Instrumcnt.Lendcr nr.ry givc Borrower u noticc idcntifying thc licn. Borrowcr shall satisfy the licn or take one or
<br /> morc of thc actions,cc forth above within 10 day�cif thc giving of noticc.
<br /> — � Form 3028 9/90
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