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<br /> •' . TOGETHF.R�lITH all tha impmvemenu aotv ar bereafter e�ted on the progerty.and ali easemeau.appunenances,and y�
<br /> � - _ --- er a ast of tRe m e . Aii Iacemen�s aaid ausiiuous s�att alsa � cov�red by shia wcurir; � � ,
<br /> fi x t u r e s n o w o r h e r e a ft p P P n 3+ �P � `.
<br /> . . • y Insmameat.All of the foregoing is referr�to in thes Securiry r.,, mm�t gg(� °p�gErty.° � �.;_=
<br /> � BflRRUWER COVEIVANTS that Boarower is lawfully seised of the estat2 hereby wnveyed aad has the right co grant aad � ��E-_
<br /> convey th�Progerty aad thnt th�Froperiy is uagnwm6ered,eac►�pt for eacumbrans�zs of record. �Qrrower vlamanu and w�ll �
<br /> .,� dEfead geaerally the ade to th:FYOpsrry againsc all claims and dem�ads,subject to aay encumbrances of record. �
<br /> THIS SECiJRITY INSTIdUMEM cambiaes uniform covenanu foz nazional use and nan-uniform covenaats with limit�d � :
<br /> . ` variations by jurisdictian to sonstimte a uniform securiry instn�ment covering r�eal property. � °
<br /> qJNIFORA/i COVENANT'S.Borxotver and Lendsr covenant�ud agre�as follows: �,
<br /> � • • l. Paymeu3 of P13nripa! Pud Intesa�i; Pre�3lment and r.stte�Lar�es.Eanower shall promptly pay when due the
<br /> �—:=�,��r` principal of and interest on the debt evideaced by the Note and any prepayment nnd laze char�es due nader the Nate. r
<br /> � •�,� 2. Fuad�for Tsixes aad H�usaace. S1ibj�t to applicabte law or to a vs+ritten waiver by Lender. Borrotver shall pay to t
<br /> . r v� ° II
<br /> Lender oa the day monthly payarents aze due uader the No[e.unril the Note is paid in full,a sum("Funds°)for:(a)yearly taxes
<br /> g aad as��sscnents ahich may attain priority over this Sscuriry Insuument as a lien on ths Progerty;(b)yezsly leasehold payments _-
<br /> or gmuud rents an the Props�ty.if any:(a)Yearly hazard or property insurance pmmiums;(d)Yearly fload insuraace premiums, _.
<br /> � ! iE any: (e)Yearly mortgag�iacuranoe premiums,if any:aad(�anY su�s PaYable by Bomower to Leader. in aocordance with --
<br /> . . �` thc provisions of paragraph 8.in lieu of the paym:at of mflrtgage insura�ce psemiums.These items a�called"Fsctnw Items.' °
<br /> . ' ' t• Leader may,at aay rimQ.coll�t aad hold Fuads in an amount aot to exceeai the maximum amount a leader for a federally
<br /> . � . ' ' n�l�ied mortgage laan may require for Borrower's escrow account under the federal Reat Fstate Seulement Frocedw�es Act of =
<br /> } 1974 as amend�from timE to time, 12 U.S.C. Secaon 2601 et seq.("LRESPA'),unless anot.ker la�v that applies to the Funds
<br /> . �• . � _
<br /> • � �u a lesser amount. If ss,Lender may, az any time,collea and hold 1Funds in an amouat aot co exceed the lesrer amaunt. _
<br />; . . � � L.ender may es6aoate the amount of Funds due on ths basis of current dara aad reasonable estimates of exgenditures of fiuure �
<br /> Esccow Items or oiheiwise in arc,ordance aith applicable law.
<br /> .;.:.::,�. �, .�i. Thr Funds shall be held in an instituiion whose depa�� •�se insnr� by a federzl agency, instramentaliry, ar entity �--
<br /> ' • ('includi�,�;.ender,if Leader is su�w.�institutiaD)or in aa►y Fa{.�'•Ho�Lonn Bank.E�te�sball apply the Fuads to pay the �';.
<br /> _• , - Erctow r':�s.Lender may not clL�e�rmwer for holding�:�:�lying ihx Funds,an:walLy analyzing the escrow account,or _
<br /> veiifying the Escrow Items,unless II.�3er p�yK IIr,�-'�wer interest on the F�:..es 2nd applicable law pera�its Lender to make sad� `.
<br /> . a charge.However,Lender may require Borce rr��r pay a oaeaime chaa�e���:,u aa independent real estaie tax reporting service -
<br /> ' used by Lender in connec�ion with this loan, �;�ss appli^,..,�`� law �m::�ea oihern:`.�. Unles.s an a�eemrnt is made or r
<br /> applt�5�_law r2quires interest to be paid,LeadEr shall not L����uired to pay Borrowa�interest or earnings oa tte Fuads. �_
<br /> ,- - -- = Borcower aad Lender may agcee in writin�,howet:er,that interest shall be paid on[he�.Wds. I.eader shal�give ta I3c�owsr. _
<br /> . withuut charge. an aanual acc�o�mria8 of the Fue'.��, showing ccedits aad debita to the Funds and the���use for�we-.di each
<br /> debit to tlte Funds was made.The Funds aie p1�3�i as additional security fcu:�sums seeured by this S�ec,�ity Insttument.
<br /> �_::;..i.,, „ If the Fuads Deld by Lender excxed the a—��:au permitted w be he2d t?r�plicable law,Leader shall account to Borrower
<br /> ;:�%;r.�,;`;. for tht excess Funds in accord�nce ti�:th tt�e r�..irements mf applicabie lavi.If the amati::of the Funds held by Leader at any
<br /> _`r�rl�r'�°��� ,� time is not sufficient to pay the E���'x�:s��:.n due,Leader m�y so notify Hoaoc�«.s`n,•.�-riting,and,in such case Eorrower
<br /> T:'`t'���f� shall pay to Lender the amount n �ary ro c�;:e up the defici nsy.Bflrro.�,�s::-.l.t�sE..�p the defi�ieacy in no more thaa
<br /> `=;i..� : '' tare�ve Tuontbly paymer►ts.at Lender's sote dise��on.
<br /> °"�:=<,�s:,;��.. :� � UPoII P�ent in full of a11 sums se�ured by this Sscuriry Insaume�� �'.:.::`��ii'�mmpdy refimd to Bosower any -
<br /> __i;;;�"'?���;�• F u n d s h e l d b y L�n d e r.I f,i m d e r p�a g r a g h 2 1.Y.e n d�r s h a i l a c q u i r e o r s e ll t h e�s o g s.�;. �:,a u'�i s r,p rio r to the a c q uisition ar sale
<br /> �'''i�� � of the Property. shall apply any Fads held by Lender at the t.�:of acquisitien or s�'::ss:�r_*edit against the sums secuted by
<br /> :=''��•• � this Security insuument.
<br /> -g�s�� '.,��rt 3.Appllratton oi Pnyments.Unless applicable law provides other�,vi:e,:z31,��yments received by Irander under paragraphs
<br /> ``=�`:,.�_{:_,_� � a ent chaz es due under the R�7ra. �a::ond,to amounu a able uader h 2;
<br /> _ 1 and 2 shall be applied:fitst, to anY Prep ym g D Y P��P
<br /> __ _�,�:_,��
<br /> "�- �._,,�;w,.�'� third,w interest due;fourth,to pnn�:ipal due;and last,to any late chuges due u:�'er th:P��_�:.
<br /> _�,,��� 4.Chargts;Llens.Borror,�r:sLall pay a19 taxes,assessments,charges. fines and i�r,,.iions attn�utable to the ProPertY
<br /> ;p:��-� whir,�may attain prioriry over this Security ln�tmment, and leasehold gayments or gcT��mi.rents, if any. Bornow�T shall p2y
<br /> _=- •� these obligatians ln the manner provided in paragraph 2,or if not paid in ths�anner,Borrower shaU pay them on time directly
<br /> '.- �``;-R., ;� to ths person owed payment.Botrower shall promptly fum3sh to Lender sill awiices of aanounts to be paid under this pazagtuph. -
<br /> •..<,�uuY�� If Borrower�akes these pnyments direct/y,Borrower sLall pmmptly furnish to I.eader cv�r.i�{s evidencing the payments.
<br /> -'"�i?�?`=;'�'�� Borrower shall�zomptiy distharge any lien whicL has priority aver tlils Security I��c:�rment unless Borrower.(a)agree.s ia
<br /> �s._�;..3�
<br /> ' _�_:�t writing to the payment of the o�ligatioB s�ure�by the lien in a manner aoceptzible to I.ender;(b)oontest�in good faith the lten ;
<br /> __���s�; by, or d�fends against enforcement of the lien in, legal proceedings wL`r,� in the I.eader's o�inion operate to prevent the
<br /> —=��--�°•� enforoement of the lien:or(c)secures from the holder of ttte lien an�agaeE��nt sarisfactory eo Leader subordiaatiqe,the llen to
<br /> , � �r�'r�-� . Wis Serurity lnsuuu�nt. lf Leader determiaes that any pazt ef the Progerty is subjea ta a lien which may attain prioriry over _
<br /> =`�``•r�;::"..� this Socurity Inswment.Lender may give Borrower a notis�e i�:ntifying the tien.Borta�v�ur:;hall satisfy tht lien or tzlce one or
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<br /> '�.;;t: _„_ . ,�; more of the astions set forth above a+ithin 10 days of the�iviLg of notice.
<br /> 'i;.'S:�
<br /> �•' Form 3028 9/90
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