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<br />�,�'�;� 'TUGETH�R W1TF{ all the improvements now or horeafter erceted on the property, and all casements,appurtenances, and
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<br />^�`'; � fixturea now or hereafter a part of the property. All replacements and additions shall also he covered by this Secunty
<br />?*t�;;� ' . In�tntment. All of the foregoing is rcferred to in this Securiry Instmment as the"Propcny."
<br /> �°'-�,�°�� BURRUWER COVENANTS thut Borrower is lawfully sei�sed af thc estatc hcrcby convcycd and has thc right to grant and
<br /> `�:�a��r' convey the Propeny and that the Propeny is unencumbered, Cxapt tor encumbrances of record. Borrower warrants and will
<br />'-y�`�,:,': d�fend generelly the title to the Praperty against all cldms and demands,suh}ect to any cncumbrances of rccord.
<br /> �+ ° THIS SECURITY INSi'RUMENT combines unifarm coven�nts for national use and non-uniform covenants wi�h limited
<br />���t'" ' variationa by juriisdiction to constitute a uniform security instnunent covering real property.
<br /> �`�'`�N UNIPORM COVF.NANTS. Dorrower and l.ender covenant and agrcc as follows, �
<br /> -y��� 1, PAymenl of Principal and Interest; I'h�ep�yment wnd Late ChArge.v. aairower shall promptly puy when dac uic -
<br /> principal of and interest on the debt evidenced by the Note and any prepaymcnt nnd late charges duc under the Natc.
<br /> "'��� 2. Funds tor Twxes and InsurAnce. Subject to appllcablc law or to a written waiver by Lender, Borrower shall pay co
<br /> eari taxes
<br /> Lcnder on the day monthly payments are due under thc P�ote,until the Note is pald in fuU,a sum("Funds')for:(a)y y
<br /> ;`�'"�A�� and assessments whlch may anain priority over this Securiry Instmment as a licn on the Prope»y; (b)yearly leasehold payments
<br /> _�;`;;,,,� or ground rents on thc Propeny, if any;(c)ycarly hazard or prop�rty insurancc premiums;(d)yearly flood insurance premiums,
<br />�` `�=��� if any; (e) yearly mortgage insurance premiums, if any; and(fj�ny sums payable by Borrower to Lender, in accordance with -
<br /> �-__-�� the provisions of paragraph 8,in lieu of the payment of mortgage Insurance premiums, Thpse itcros are called "Escrow Items."
<br /> -.�_L��� Lender may, at any time, collect and hold Funds in an amount not to exceed the maxi�nam amount a lender for a federally
<br /> :-�� related mortgage loan may require for Bonower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> -- - 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq.("RESPA"), unless ancther law that applics to the Funds
<br /> =-_-_- sets a lesser amount. If so, I.ender may, at any time, collect and t�old Funds in an amount not to exceed the lesser amour:z.
<br /> ° °°� L,ender may estimate the amount of Funds due un the basis of current data and reasonable estimates of expenditures of future
<br /> •='�j�=��� 8scrow Items ar otherwise in accordance with applicable law.
<br /> The Funds shall be held in an Institution whos� deposits are Insured by a fcderal agency, inatrumentality, or encity
<br /> `'�`�`-�� (including Lender,if Lendor is such an institution)or in any Federa]Home T..oan Bank. Lender shall apply the Funds to pay the
<br /> �� Essrow Items. Lender may not charge Aonower for holding and applying the Funds,annually analyzing the escrow account, or
<br /> -----�:, verifying the Escrow Items, unless Lender pays Borrower intereston thc Funds and applicable law permits Lender to make such
<br /> a charge. Howevar, I.ender may require Borrower to pay a one•ii�ne charge for an independent real estate tax reporting service
<br /> used by Lender in connxtion with this loan, unless applicable law provides otherwise. Unless an agrament is made or
<br /> --•��� applicsble law requires intarest to be paid, Ixnder shall not bc reqniral to pay Borrower any interesc or earnings on the Funds.
<br /> - - Borrower and Lcnder may agrec in writing, however, that interat shall be paid on the Funds. I..ender shall give to Borrower,
<br /> -- - without c�harge, an annual acr,ounting of the Funds,showing cttdits and debits to the Funds and the purpose fur which each
<br /> =='��� de6it m thc Funds was made.The Funds arc pledged as additional sewrity for all sums secured by this Security Instrument.
<br /> —_- If the Fands held by L.ender excad the amounts pertnitted to be held by applicabie iaw, Lendcr shali au,uiiiii iu SoTa:t%��
<br /> for the excess Funds in accordance with the requirements of applicable luw. If the amount of the Funds held by Lender at any
<br /> time is not suf�cient to pay the Escrow Items when due, Lender may so notify Borrowcr in writing,and,in such case Borcower
<br /> - shall pay to Lender [he amount nocessary to make up the de�ciency. Borrower shall make up the deficiency in no more than
<br /> twelve monthly payments, at Lender's sole discretion.
<br /> :_-_�___ Upon paymcnt in full of all sums secured by this Securiry Instrument, I.ender shall prompcly refund to Sorrower any
<br /> � Funds held by Lender. If, under paragraph 21, Lender sliall acquir�or sell the Property, Lender, prior to the acquisitlon ur sale
<br /> of the Propeny,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> — this Security Instrument.
<br /> 3.Application of Payments.Unless applicable law providu otherwise,a1l payments received by Lender under paragraphs
<br /> 1 and 2 shall be applieci: first, to any prepayment chuges due under tiie Note;second, to amounts payable under paragraph 2;
<br /> third,to interest d�e;,fourth�yo rincipal due;and last, to any late charges due under the Note.
<br /> 4. Chargea;�..R�•�o��er shall pay all taxes, assessrn�nts,chazges, fines and impositions attributable to the Property
<br /> which may attain priority over th{s Security Instrument, and leasehold payments or ground remts, if any. Borrowor shall pay
<br /> - �"�' these obligations in the rnarmer provided in paragraph 2,or if not paid in that manner,Borrower shall pay thcm on dme directly
<br /> �"�� to thc person owed payment.Bonower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph.
<br />-�.=-:� If Borrower makes thcse payments dircedy,Borrower shall pmmptiy furnish to I..ender ceceipts evidencing the payments.
<br />-'"-�''='�� Borrower shall promptly discharge any lien which has priority over this Security Instruntent unless Borrower: (a)agras in
<br /> _ — writing to the payment of the obligation secured by the lien in amanner acceptable to L,ender,(b)contests in good faith the lien
<br />"`_'°°'_�"� by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> °�-----__=- enforcement of thc lieu; or(c) secures from the holder of the licn an agreement satisfactory to Lcnder subordinadng the lien to
<br />--__"'1�,�,'--'-�,-p��� this Securiry Instrument. If Lender determines that any part of ihe Property is subject to a lien which may attain priority over
<br />�""�;��., �• this Securiry Instrument, I.ender may give Borrower a notice identifying the lien. Aorrower shall satisfy the lien or tuke one or
<br /> _- :��r.;��' � more of the actions set fonh above within 10 days of the giving of notice.
<br /> . :. Form 3028 9l90
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