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<br /> �• �`��-` �?`�`, '�OGETHER WPfH sil the im�rov�n�w or heteaft�erected on the property.and all easemeau.appurtenances.aad ,,� f �z:,�4
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<br /> r t�— fixtutes novv or hereaftcr a part of the Froperty. All ieplanemeats and additions shall also be covered by this Secauity _ e
<br /> ' <. � � Inmumeat.A11 af the fo�gaing is referted to in this Secnriry Insaumwt as the°Pmperty." � `•-x� `�� ���
<br /> - s :_��`:.�,'•.�������,. BORROWER COVENANTS t6at Borruwer is lawfi�lly seised of the estate herebp coaveyed ai►d bas the right to grant aad � •... .�. .
<br /> t .� ' oonvey the Pmperty and that the Property is unenaunbered.ea�cePt for ednwmbtnnces of reoord. Horrower warrants and witl � h� � ` •
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<br /> , � � `� "•: defend generally the tide w the ProPenY against all daims and demands,subjecx to aay encumbrances of reoord. � ``'=r` � ;
<br /> ` ` � TI�IIS SECU1t1TY INSTRUMFIVT oombines w�iforni cavenants for aatioml use and non-uniform coveuants with limited � ;:�. , z ,.� ,`
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<br /> i�':�' • ' , ��T�• Va172LI0I1S I�I]IlitShcCLIbA�O 00175[UIifE S ll111PtltI11 SCWTtt}r inctn�mert�pveijll�TE31 Qiope[[y. , � ,� ,`.c
<br /> * �- ' � . -. UNiFORM COVFNAN'I'S.Borrower and lender oovenant a n d agree as fo l lows: �.:`
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<br /> - �—�- S` l. Pa}�ment ef Prindpal saA Interest; Prei�aYmwrt and I.aie Chargcs. Borrower shall prompdy pay when due the 1� '
<br /> ` i-. •� '� .'~'�.,.-_- •= principal of and iaterest on th�debt evidenced by the Note and any prepaymeat and late charges due under the Note. � '" � �
<br /> �` °°F'�`�.,,. �'�. 2.F�n d s fn r T a a e s and Insnranoe- Sub,�e c t to a p plicabte law or to a writtea waiver by l.ender. Borroaeer shall pay to ` f `
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<br /> �;, "� `_`f,�: Lender on tf:e day mnnthly payments arc due under the Dlote.�ntil the Note is paid in full.a sum("Fands"3 for. (a)Y�Y� - _
<br />--` _�-.. :�`- _ �. and s� �whicb anay attain prioriry over this Sacuriry Insuomerit as a tien on the Property:N)Yearly leasehold payateats �-:,
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<br /> or grouad rents on the Froperty,if aay:(c)YeariY ha7ard or propeity insurance premioms;(d)Yearly tlood insurance pmmi�!*�. , u , �
<br /> "_ •t� �� if any- (e)Y�Y��Pe inm�ran�e pt�emitnnS. if any;and(�airy sums PaYable by Bormwer to I.ender,in accordance witb '� ,
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<br /> - We provisions of patagragh S. in li�of the payment of mortgage ins�trance prerniums•9'hese items ase called"Fscrna'hems• , -
<br /> _ ",. ..`:j I.ender may.at any timc. collect and hold Fands in an amaunt not w exceed the maximum aznount a leader for a fedecaUy ` ':
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<br /> + �` = mlated mortgage loan may require for Borrower s escrow accouru under the federal Rea!Estate Seutem�t Procedu�+es Act of : ` �-;,,
<br /> —' '�.� �.� k�� l974 as aueended from rime co rime, 12 U.S.C.Se�tion 2601 et seq. ("RFSPA'�,antess another law that applies w the Funds
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<br /> i� . �' sets a tesser amount. If so. l.ender may, at any time, collect and hotd Funds in an amount not to exceed the lesser amount. `��r £ , .;��.
<br />_��-� , : ,.��.�`-• -• � �xnder may esrinnate t&e arnount of Funds due on the basis of current data and reasonable estimates of eacpendiuues of fatore •: .._
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<br />: �. . . . - Escrow Itcros or otherwise in acxordance wiW apglicable law. . .�t=:�•:
<br /> � . c ._. �.: The Funds shali 6e held in an iastitution whose deposits are insured by a federal agency, inswmental�tY. or entity :
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<br /> (inct¢ding Lxnder.if l.cnder is such an instituuon)or in any Federal Home Loan Bank.Lender shall appIy the Funds to pay dte - - -_�-.A,, '
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<br /> - f_,. �. Escmw Items.I.ender may nat charge Borrower for holding and applying the Funds.annually analyzing the cscrow account,or �: �_,
<br /> � ` verifying the Fscrow Items,unless Lender pays Borrower intere�t on the Fund�and applicable law per�nits lznder to make such -` Q.-�
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<br /> �"' , ." �, `' a charge.However.lender may requite Sorrower to pay a oae-time charge for an indepeadent real estate tax teporting service `' , �°
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<br /> f .. �' F used by l.ender in rnnnection with this toan. unless app l i c a b l e l aw provi d e s o t h e r w i s e. U We�s a a a g r e e m e a t i s m a d e o r Y r� _ �
<br /> � t � applicab2e law requires interest to be paid.L.ender shall aot be required to pay Borrower aay interest or earnings on the Funds. �.�' y;
<br /> � ` Borrower and l.ender may agree in wridng,however.tbat interest shall be paid on the Funds. I,ender sl�al!give to Borra�ver. �,°n =.
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<br /> without c6arge. an annual accounring of the Fvnds.showiag credits aad debits to the Fands and the purpose for which eacb .
<br /> t• �',-' ;, _ -�•�•5�..5' debit w the Funds was made.The Funds are pt�ged as additional secnrity for all sums seaueei by this Securiry�ment. ; ��:-..-
<br /> If the Fwuds hetd by I.ender exceed the amoums permitted to 6e held by applicable Iaw. Lender shall accoant to Borrower �` �`'�' -
<br /> �. ��� • ' " for the excess Funds in accordance with the reqnirements of applicable law. If the amount of the Funds held by Ixnder at any £•�� '`
<br /> .��r .• . titne is not sufficient to pay the Escrow Items when due.Lender may so notify Borrower in writing.and.in suc6 case Borrower �' � ��..
<br /> •• - shall pay to Lender the amount nec.�ssary to make t�the deficiency. Borrower sl�all make up the deficiency in no more tfian , u '
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<br /> . tvreive monthiy payments,at a.ender s sole discretion. �.� '` r�;
<br /> "�'.;;� � �"�`�-;� U o a nt in full of all swns sec�red by this Secusity Inspumeat. Lender siwll promptly refund co Borrower any "��`?:r
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<br /> �•.� . ��' Fuuds hetd by Lender.lf,under paragraph 2l.Lender shail acquire or sell the Property.Leadet,prior to the acquisition or sale �
<br /> ��=` . of the Property. shall appiy any Funds held by Lender at the time of acquisition or sale as a credit ao i St the sums secvred by , ___`_-'�
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<br /> �r � : this Security Instrument.
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<br /> 3.Appflcatton oi Payments.Unlegs applicable{aw provides otherwise,aU payments received by Lender under paragraphs
<br /> �.Q�: ' ' �� 1 and 2 shall be applied:first, to any prepayment charges due under the Note;second,to amounu payable under p'aragraph 2: r ��, :
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<br /> � ��. third.to interest due:fourth,m principal due:and last,to any tate charges due under the Note. . '
<br /> ��;: .. r ; 4•Charges:Lieng.Borrower shall pay all taxes.assessments.charges. fines and imposiaons ntmtributabte to the PropeRy �: . �;
<br /> �� .• ' whicb may attain priority over this Security lnstrument.and leasehold payments or growid rents, iP any. Borrower sitall pay
<br /> these ubligations in the manner pmvided in pasasraph 2,or ii not paid in that manner.Borrower shall pay them on time directiy ' .
<br /> ' ' ° to the person owed payment. Borroaer shall promptly fumish to Lender all nodces of a�rn�unts to be paid under this paragraph. '•;�..;;:.�� �
<br /> ,.�;'•' . '. ."� ' lf Borrower makes these paymen�5 directly.Borrower shatl promptly fumish eo Lender receipu evidencing the payments. • �. •r.'.:�,: ,;
<br /> ���� '�, , Borrower shall promptiy discharge any lien which has prioriry over this Secrority Instrument unless Borrower:(a)agrees in • :L . ,�`':
<br /> �""{,• ' . writin�to the payment of the obligation secured by the iien in a manner acceptable to Lender:(b)contesu in gaod faith the lien ' ' .
<br /> .:� • � � �• by. or defends against enforccmcnt of the lien in. lega! praceedings which in the Lender's opinioa operate to prevent the � '+ , �- -
<br /> ' " .. `, enforcement of the lien:or(c)secures frum the holder of the lien an agreement satisfactory to Lender subordinadng the lien to '���
<br /> ����::�:�� � � this Secvrity lnstrument. If L.ender dPtermifles[hat any part of the PropeRy is subject to a liea which may attain priority aver .:
<br /> �,��.;, . "
<br /> __ -,;. ��:; this Security lnstrument. [.e�uier may give Borrower a notice identifying the lien. Bottower shall sutisfy the licn or take one or ,
<br /> :., ., more of the actiuns set forth above within 10 days of the giving of notice.
<br /> ;�(: ,.� . Form 3028 9/90 � ' .
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