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<br /> z � }5 < 4 �'�, TOGET'NER WITH all dee improvements now or hereaftet erected on the property.and all easanenu.appurtenances.and ''`.^ 4-
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<br /> <<._ .:_.�.,_�•.._ .�- fiutu�es aow os heaeafter a part of the propercy. All repla�oements and additians sball also be covered by this Securiry `t¢`x:,�°••
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<br /> � Insumrneat.All of the foregoing is refcrced to in dus Securicy Inshument as the'Property.' A,f : , ,.
<br />-_ ' '`•��• � BUItROVUER G�DVENANTS that Bormwer is lawfiilly ssised of the estate hetehy com�eyed and has the rigtu w grant and ;,�,� ` '� °.
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<br /> _� . �: arnvey tHe Properiy and that the Property is uneuaimbered,except for e�xaimbiances of record. Borrawer warranu and wiA • -
<br /> ,` ° ` t - defend genetally the tiue to the Property againsT all claims aad demands.subject w any encumbranoes oi record. � '� '•` .
<br /> .��-.` ,-: - ` . TAIS S�.CURITY INSTRUMEI�IT combin�s tmifornn covenants for aational use and aon-uaiform covenants with limited < � �` �..
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<br /> ..�Y variations!ry jarisdiciion to oons�tue a unifoTm se�urity mmumecu oovering teai property . �_< .
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<br /> �`� ` ' UNffORM COVENANTS.8orrower and i.endec oovenant and agrce as follows: �.
<br /> - °� � � �` 1. Psymwt of Frintipal end Interest: �repagmeeot and Late Charges. Borrawer sha11 promP�Y PaY �vhen due the ` ��. `, _:•
<br /> s '=µ L""'r� '' principa!af aQd inte�st on the ctebt evidenced by the Note and anY P�Y�����es due under the Note. _`
<br /> �� ' . .,,..ti�;,,�. ._�` 2. Funds for Taxcs and Insa�anoe.Subject to a�plicable law or to a written waiver by Leoder. Horrower shall pay m � ��
<br /> ,<;i N I.ender on the day mnntWY PeYII►ems are due under ihe Note.until the Note is paid in full.a sum("Fuads")for.(a)Y�Y�� '�
<br /> a� �,- aud as�ss�ments whic�may auain prioriry over this Sec�u�ity Insn�amrnt as a lieai on the Property;N)Yearly lessehotd paynaeats 1 '. 4 �� `... ,
<br /> �`� :: ` • < or ground rents on tlze Properey,if airy:tc)Yea�Y ha�ard or pmperty�oe premiums;(d�Y�Y�t�ce Pmaninms, � � r � `-
<br /> ; _ . • . � if any; (e)YeartY mortgage insmance premiums. if any:and(�anY sums Pa3+able by Borrower to[.euder, in accoidance with � �- `� •:
<br /> . �';, t , the pravisions of paragtaph 8,in lieu of tiie payment of mortgage insuranoe gremiums.'17�ese items are c a ll e d"F scrow Items." � <<
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<br /> T N_ 3t� I.ender may.at aay time, oollect and hold Fundg in an amount not to exceed the maximum amowu a iender fur a fede�aAy =� r �
<br /> tr� '• ;_ ' " �' related mortgage toan may require for Borrower's escrow account under the federal Reai Fstate Sealement Procedures Act of „� �-- .
<br /> k•` �� 1974 as amended fivm time to time, 12 U.S.G. Secbion 2601 et seq. ("RESPA").unless annt6er law that applies to the Funds �. `� •_
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<br /> ' ��:�::<.:.= ..��. .:_�� sets a lesser amount. If so. Lender may. at any time, coUed and hold Funds ia an amnunt not to eaceed the tesser amount. : n:..<,.::;:._
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<br /> : �•r.� . ' w.:.�. (,ende�may estimate the amount�f Funds dne on the basis of current data and reasonable esumates of expeadiwres of fut�ue •
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<br /> Esecow Items or otherwise in accoidance with applicable law. ,, ,: �
<br /> E- � -. The Fnnds shall be held 'u► an instinrtion whose deposits are insured by a federat ageacy. instnrmentality. or entity ; .-
<br /> '` �� (including L.ender,if Lender�s such an institation)or in any Federal Home Loan Bank. Lender shall apply the Funds w pay the . ti: :
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<br /> �` `� Escmw Items.Leuder may not charge Borrower for holding and applying ttie Funds.annually analyzing the escrow acc�ant.or _, +�,
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<br /> verifying the Escraw Items,unless Lender pays Borrower itrterest on the Ftmds and applicable law permits l.ender to make such x :-�4`
<br /> , n;,`�,:� 'c 'f` ' a charge.However, Lender may require Bormwer to pay a one-[ime charge for an independent real estate tax reporting service —
<br /> `��- . 5, ,� � '. used by l�ender in com�xion with this loan. unless applicable law provides otherarise. Unless an agreement is made or • , :',,��
<br /> :�C-:-�.-,`-'..�:` ,:; ' a p p}ic�able!aw tet�uites interest to be paid.I.ender st�ll not�e requised to pay Borrowet any interest ar earnings on the Funds. �
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<br /> :� . � � 8orrower and Lender may agree in writing.however. that interest shall be paid on the Funds. Lender shaU give to Harrower. `'.�_,... 5 _
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<br />�:r,. -'•':4 ,- . .:�4i arithout charge,an amival accountiu�of the Fnnds.showing credits and debits w the Furids and the putpose for ahich each Y-`. -- -
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<br /> ,;�., de6it to the Funds was made.The Funds are pledged as additiomi security for al!sums secnred by this Seiusity Insuamen�. � -
<br />'.� ``` If the Funds held by L.ender exceed the amourtts pemutted w be hetd bY apAlicable Iaw.I.ender shall account to Borrower - -
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<br />��.`� .' :' for the excess Funds in accordance arith the requirements of applicable law. If the amount of the Funds hetd by Lender at any f� `':,�:�;;�`=
<br />-- ...�.�• time is nat sufficient w pay the Escrow Items when due.I.ender may so notify Borrower in writing,an d.in suc h rase Borrower `".;,t;�»;
<br /> .,�;.;,. '� . .,..•; shall pay tv l.cnder the amount aec:essary to make up the deficiency. Borrower shaU make vp the defrciency in no more than �
<br /> , - ;_ twetve momhly payments,at Leader's sole disereaon.
<br /> ,� r = Upon paymerit in full of al! sums seavred by this Securiry Inswment. Lerider shall ptampdy refund to Borrower any ,��°:
<br /> .:�. • �. , .
<br /> �' �: � Funds held by Lender.If,under paragraph 21.Lender shall acquire or sefl the Property.Lender.ptic�r to the acquisition or sale � :;
<br /> ,.� ' ' ; ;: of the Property,shall apply any Fvnds held by I.ender at the time of acquisition or sale as a credit asainsc the sums secured by . _.
<br /> '��'�'. �: • . .. - this Sec�riry Instmment. :' .
<br /> '' 3.AQpltcatlon oT Payments.Unless applicable!aw provides otherwise,all payments received by Lender under paragraphs �•�:;��_. �;
<br /> ���'�'"� et�t charges due under the IQote:secotid.to amounu payable uader paragraph 2:
<br /> :x:�.:�.. �.. • , 1 and 2 shall 6e applied: first.w anY PreP� , -
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<br /> {�� •. third.to interest due:fonnh,to principal due:and Iast,to any late charges due under the Note.
<br /> - �:;' ,� . .. - 4.Chatges: I.ieag. Borrower shall pay all taxes. assessmentc.charges. fines and impositions atuibutable to the Property ,, ` .
<br /> l which may attain priority over this Security Instrurt�ent,and leasehotd paymenu or ground rents.if any. Horrower shafl�pay �:;
<br /> r � .`' these obligations in the manaer provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on time direpiy
<br /> :�'F.•� �=' • . to the person owed payment. Borrawer shall promptly fumish to Ixnder all notices of amounts to be paid under this paragraph.
<br /> � '�'���` ' If Borsawer makes these.Qayr�cents directly.Horrower shall promptly fumish to l.ender receipts evidencit�the payments. ' '� �.
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<br /> �� � �� �. ' � Borrower shail rom d dischar e an lien which has riori over this Securi lnstrument uniess Borrower: (a)agrees in �
<br /> � �< . � - P P Y S Y � P �Y lY
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<br /> !::, ; . ,.,.. writing to the paymenl of the obligation secured by the lien in�manner acceptable to Lender:(b)oontests in good faith the{ien -
<br /> ,•�"�,' ' by,or defends against enforcement of the lien in, legal proc e e dings w hic h in t he L en der's opinion operate to prevent the
<br /> • . enforcement of the lien: or Ict secures from the holder of the lien an ar,reement satisfactory to Lender subordinaung the lien to •
<br /> :•;�';'.;.. , ' this Secvrity Instrument. lf Lender determines that any part of the Property is subject to a lien which may attain prinrity over
<br /> `:k?:'•,:.' � . �• .� this Security Instrument. Lender may give Borro�ver a notice identifying the lien. Bc�rrower sha{I satisfy the lien or take one or ,_ ._.
<br /> ��„�;a.•. ` � more of the actions set forth above within 10 days of the giving of notice. ,
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<br /> � , Form 3028 9l90
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