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<br /> � TO(iETHER WITH dl tho improvementa now or hereaficr eroctod on the propetiy,�nd nll atsement�, app�urtawrce�.a�
<br /> Bxtura now �r here�Rer w part of the PropeAy. All replocement� wxl eddidnns xt�il nlao be covued by �hi� 5ecurlty
<br /> Inrteument. All af tho forcgoing ir ref�rrod w in this 3ecudty In�tniment an the"PmpeAy."
<br /> BOR�tQWSR COVENANTS Ihwt Barmwer ie Ipwfully selxed af�he exuue hcrcby cnnveyod u�d luw the�iQht to Qrrnt and
<br /> canvcy thc Prnpetty md that tho Pmperty i�unensumberaf.cxapt far cncumbrwrce�i►f raa�J. Born�wcr warnntr and wlll
<br /> dofend Yenenlly the Utlo 1�►the Propeny�ainst�II cluimi utid denwnd,,�ubJect to any crkumbrwnces ot'record.
<br /> THIS SECURITY INSTRUMENT cumbine�unifarm coven�nt�+far nalional u�und ncm-uniform rnvenonu wlth Ilmited
<br /> vulwiona by Juriwli�tilun w rnnalilutc e uniform iocurity inKtrumcnt rnvcrin�rcol prc►peny.
<br /> UNIFORM COVENANTS. B�irrower�nd l.ender covcnant and a�rce ar folluw,c:
<br /> 1. PAymeat of Prindpql w�d Interat; Prepnyment �nd l.ote Clu�rga. Bc�rrower shrll promp�ly pny wlun due tho
<br /> prfncipal of and intereat on thc debt evidenced by the Nota end any prepaymcnt wKi let�charges duc under the Note.
<br /> 2. Futid� !or Taxes s�nd Inrue�nce. Subject t�applica6la luw or to a written wai�er by Lender. Barmwcr�hall pay to
<br /> l.endcr on thc day monthly p�ymems ure due undcr thc Note,until th�;Nae is puid in full,a sum("Funds")far:(a)yearly u+xea
<br /> end assescmentR which mey anAin priority ovcr this Security lnstrumcnt aa u licn an the Propeny;(b)yearly leaaehuld pyymentr
<br /> or ground rents on the PropeAy.if ony;(c)yearly hazurd or property insurance premiums; (d►yearly fload insurance premiums,
<br /> if any: (el yeruly mortguge insurance premiums, if any; end(� any sums payAble by Bormwer to l.ender. in acrnrdance with
<br /> the praviaians nf paragrLph 8, in lieu of the payment of mortgago insurance premiums.These items are called"Escrow Items."
<br /> '� l.endor may,a� any time, collect and hold Funds in an tunount not to exceed thc maximum amount a len�ier for a fe�erally
<br /> relate� mortgage loun muy rcquire Por Barmwer's escrow aceount under Ihe fecleral Real Estate Sealement Procedures Act of
<br /> �•'"1 �- 1974 us amended from time�o time. 12 U.S.C. Section 2601 e!seq. ("RFSPA"),unlers another law tiwt applies to ihe Funds
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<br /> R ,;, sets a lesser umount.If u�, l.ender may, at any time, collcct and hald Funds in an ar�xiunt not to exceod the lesser amount.
<br /> ' ' "�`'� �'�=' l.ender may estimute Ihe amc►unt of Eunds due on 1he basis of rumnt data and reasonabie estimatcs of eapenditures of future
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<br /> � . "' Eseraw Items or c►th�nvise in accurdunce with applicuble law. j
<br /> �'` � The Fund� shall bc held io an institution whose deposits are insured by u fcdcral agency, instrumentnlity, or entity
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<br /> �` !'��• • � • `'� (including Lendar,if l.ender is such un inxti�ution>o�in any Federa!Hame Loan Bnnk. l.ender shall apply the Funds to pay the
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<br /> r "` ':•. • �.4CfOW I[Ct11.4. l.ender muy not charge Borrower Por holding and applying the Funds,annusilly a�wlyzing the escrow Account,or
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<br /> •.�,{ .-_:-� y�': � , fy' Q the Escrow Items, unless l.ender a s Borrawer intereat on�he Fundx and a licublc law rmits Lender to make such
<br /> :. ... ....:.... � �.� a charge. However, Lender may require Borrower to puy u one-time chargc for an independent reul estate tax reportinR service
<br /> � . , .. . ' used by L.ender in rnnnection wi�h this loan, unless applicable luw pravides othe�vir,e. Unless en agreemem ia made or
<br /> r;', •. . '+'�''; applicublc law requi�es interest to bc paid.l.cnder shall nc►t be required ta pay Borrower any intcrcst ar earnings on ihe Funds.
<br /> ��•� :� ��`•�• • Horcower und Lender nwv uRrec in writing, howevcr, thw iaterect�hall be paid on the Funds. I.ender shall give to Borrower,
<br /> '''� . � without ch�rge, un annual nccnunting of�he Fund�, showing credits and debits to the Funds and the purpose for which each
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<br /> , ' debit to the Fundr wu�mudc.Thc FunJx ure plcdged uti c�dditi�nal securlty far all sum�secured by this Security instrument.
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<br /> . . If�he Funds hcld by l.emler cxrced thc umounts permittcd to l�e held by appticnble Ir�w, Lender shall account to Harrawer
<br /> � .� for the excess Fund�in uccorJance with the reyuirements of Applicahle luw. If the aimmnt uf the Fundti held by l.ender at any
<br /> ��`�•, � •� �, time is not wfficient in pay the Escrow Itemr whcn duc. l.ender muy�o notify Borrower in wriling, and,in such case Borrower
<br /> ; shall pay to l.ender thc amoum necessury lo make up the deficiency. Borrawer shall make up the deficiency in no more than
<br /> � " ..���, twelve monthly paymentx,at LenJer's s��lc Ji+crcdun.
<br /> °�'� � Upnn paynxnt in full ot'ull .um. uxured by Ihi� Serurity Imtrunknt, l.ender shall promptly refund to Borrower any
<br /> `•• ,t �, ' � Funds held by l.endcr. If,undcr p•rrug�uph 21, l.ender�hall acyuirc��r tirU thc Propeny.I.�nder,prior to thc acquisition or sale
<br /> u n • ' � � • af thc Propchy, sha11 upply any Funds hclJ by l.c�ndcr ut Ihe limc uf�quisilion or sale�.�n credit against the aums secured by
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<br /> ���, � ...� '�-,ti; , this 5ecurity Instrununt.
<br /> ��;' . •r': t. • 3.Applkadun oP Ps�yment�.Unlr.�appliruMe luw�pravi de.ot hcnvise,n l l p�yment.r• reccivc d by L.en Jcr un der paragrup hs
<br /> ��� : ,�� � 1 und 2 shall t+e upplicd: firs�, to any prcpaymrnt rhargcti Juc unJcr the N��te: .cYUnJ, a�sunount.payable under paragraph 2:
<br /> „�•�; ` third,tn intcre�t due:fnunh,ta prinripal duc:und la+t,to any lute rhurec�duc unJor the N�nc.
<br /> ;.,, � ���• 4.CharReiv: I.icns. &�rrawcr+hull p:�v ull laxes. usscssnu nt., rhar�c.. finr.anJ imp►+itiun. auributAble ta Ihe Property
<br /> � which muy attain pri�►ri�y i�vcr thi. Sccurity Instrumrnt,unJ Icu.ch�►IJ paynknt� ��r gr��unJ rrntti. if any. Borrc�wer shall pay
<br /> thexr ohliFutiom in thr munner proviJ�tt m parugraph 2. ur iP n�►t paiJ in ihui mum�cr. B��rruwrr.h•rll pay�hcm on time direcdy
<br /> ta tlx penun��w��l puymcnt. H��rn»��rr+h�ll pr��mptly furni.h t�� l.cndcr ull n��tirc��►1'umuuna a,bc paid undcr this purugraph.
<br /> —. , .. If&�rri�wrr mukc,tlx�c payment.dircrlly. B��rr�►wcr.hall p�omptly fumi,h to LcnJer rcreipt.rviJencinR�hr payments.
<br /> �`"�� ` &►R��w�cr.hull pr�,mpUy di.rh.irge unp lirn���hirh ha.priuri�} ���¢r thi.Srcurit} In.trument urdc.r,&ircaw•er: la)agreeti in
<br /> ° writing�n�hc puyment i�l'Utr ubliHatiun�crurcJ h� thr licn in a m;inncr arrcptaMc tu Lrndrr: lh)runtrtit.in p�x�d Paith Ihc(icn "�.
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<br /> by. ��r drfc�xl+ uguin�t enti�rccnmm ��I' thc licn in. I.gal pr�hceJing+ ��hirh in �hc Lcnder', upiniun ap�rate k� prevcnt the �:i
<br /> � ' ' ' enfi,rr�mcnt��f thc licn: ��r Ir1�rrurr+t'rum Ihe hulder��f Uic lirn:m :igrcem�nt �;ni,t:�r1„r� t��Lrnd.r.utx►rdinating thc licn to �`{�
<br /> thi.Sccurity In.trument. It'LenJcr de�enninr, Ur.�� :m� pan ��f�he Pro�er�� f• .uh�rri i�� a liro ��hich ma} au•rin priuri�y o�er
<br /> � this S.�curit} In.irunhnl. L�nJrr m:�� gi�r H�rrru��.�r a nuii�r id�nnl�►nL thn c�n. li�n•ro��rr�h.�ll .:di,l� tN� hrn ur take ane or
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<br /> � •; more at'thc ac�ion.act tbnh alx►vc N hhin lu du}.��I the giv�ng��I ui,ticc.
<br /> 1 i Form 3028 9/90
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