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<br /> '!�0(3E7'HER WITH�11 tha impmvemenu now or heraiRer eracted on the pmpeny,aM �a�ana�u.�pp�unenanoai.�od
<br /> fixtun� now or hercaRer a port of the pmpeKy. All repl�cement� �tv� pdditions �hall dw be ooverod by Ihi� Secu�ity
<br /> ln�t�ument.All of tho foregoing ia referrod to in thi�Security Inun�ment�r thc"Pr�eny."
<br /> BORROWER COVENANTS tiuit 8nrrower ir IRwtully soiiod of the auto hercby conveyod�nd tuu the ri�ht w�u�t ad
<br /> canvey thu Pmpeny w�d tiwt the PropeKy is unetxvmberod. exce{�t for encumbr+�nces of rocord. Barrower warnnu ad wW
<br /> defend gcnealiy the NUe ta the Propeny a�ainst�II cl�lms md dem�udi.cubjoct to�ny encumbrorrces aP rocord.
<br /> THIS SECIJRI7'Y INSTRUMBNT combincs uniform caveiwnu for national uso ond non-uniform cavenanw wilh limited
<br /> vrriatians by ju�i�cdiction to constituta A unifonn eauriry inwrument wvedng real property.
<br /> , UNIFORM COVENANTS. Borrower and Lender covenant and agrce er+Pnllnwx:
<br /> l. P�yment ot PrlacipAl and laters�t; 1'rep�ymenl and I.Ate Chw�a�. Borrower shall promptlY paY when due tbe
<br /> princippl af w�d interest on the debt evidc�cal by the Note uid any prepayment and lata chargea due undor the Notc.
<br /> 2. �undt for Taxcs�nd Inournnce. Subject to rpplicxble Ipw or to 4 wrltten w�iver by Lender, Borrower shall pay w
<br /> Lender on thc day manthly payments are due under the Noto,until thc Nota is paid in full, a sum('Funds")Por:(a)yearly roxa
<br /> And assessmenta which may attain priority over this Security InstNment as a lien on the PropeKy;(b)yearly leasehold payment�
<br /> or graund rencs on the Property.iP any;(c)yearly hazerd or property insurnnce premiuma: (d)yearly fload insuran�:e premlums.
<br /> if any;(e)yearly mortgage insurence premiums, if a�y; and(�any sums payable by Borrower to Lender. in Accordance with
<br /> the provisiona af paragraph S, in lieu of the payment of mottgage insurance premiums.These items are called"Escrow Items."
<br /> Lender rtwy� at any time. collect end hoid Funda in an amount not to exceed the maximun� amount a lender for a foderally
<br /> ��� ,,,,,,.,,� related martgage IoAn may requi�e for Borrower's escrow account under�hc federal Real Estute Settlement Procodures Act of
<br /> � 1974 as amended from time 10 time. 12 U.S.C. Section 2601 et seq.("RESPA"),unless anather law that applies to the Funds
<br /> �:�YS; aeta a lesser amount. If so. I.ender may, at any time, collect and hald Funds in an amount not to eaceed the lesser amount.
<br /> ��J'``` �`�'''�` � Lender may estimate the amount nf Funds due an�he basis of current data wW n�oneble estimAtes uf expenciitures af fuwre
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<br /> . �� ,,,��'.•�r,ilt,.y;�S���,•.�� Escrow Items ar ahervvise in accordence with applkable law.
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<br /> �•.�_,,.:;!�.t;r,;;`��' The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entity
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<br /> , ;;:,„ )���$.. . � (including I.ender,if L.ender is such an institution)or In uny Federal Home I.oan Bank.Lender shall apply the Funds to pay the
<br /> .. � �� -• ••� ..• Escruw Items.L.ender may not charge Bormwer far holding and applying the Funds,annually enalyzing the escrow account,or
<br /> `� ' verifying the Bscrow Items,unless L.ender pays BnRawer interest on the Funds and applicable law permits L.ender to make such
<br /> � � , �`!��;.� �� a charge. However, Lender may require&�nower to puy a one-�ime charge for an independent real estate tax reporting service
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<br /> � .��>�,:� used by L.ender in connection with this loan, unl�ss applicable law provides othenvise. Unless an agreement is made or
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<br /> :t, ,. upplicuble Inw requires interest ta be paid,Lender whall not be reyuinxl ta pay Borrdwer any intcrest or earnings on the Funds.
<br /> ' .� "''�"�'�� � : Borrower and I.ender may agree in writing, however,that interest shall bc puid an thc Funds. l.ender shall give to Borrower.
<br /> � � without charge, an annual accounting af the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> -- debit to the Fund�was mad�.The Fund,are pictiigc�i a,uddkianal�curity far al1 surn�secured by this Sccutity Isuttumeni.
<br /> . � i. '��.���'1'••���. � if Ihe Funds held by l.ender exceed the omnunts permitted to be held by applicable law. l.ender shall account to Borrower
<br /> ' ,':;���.,:�;; ' far the excess Funds in accordunce with the requirements of applic�Me law. If the nmaunt of the Funds held by Lender at any
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<br /> �;•�':_�:�� time is not sufficient ta pay the Escraw Itemr when due, Lender may u�notify Borrower in writing,and,in sunc�ase Borrower
<br /> •. shall pay to Lender the amaunt neceswry ta mAkc up the deficiency. Borrower shall make up the deFiciency in no more than
<br /> :r.'''� twelvc monthly puymentx,at l.ender's xole discretinn.
<br /> � Upon payment in full of uU �um. �ecureJ hy this Security In+trument, l.ender shull promptl�• refund to Banower any
<br /> ` � � FunJs held by L.endcr. If. undcr puragraph?I, LenJer shall ucquirc or ticll�hc Pmperty.l..cnder,prior to the acquisition ar sale
<br /> �; � •� � , of the Property, shull apply uny FunJs hclJ by L.encler ut the time of ucyuisition or sale us a credit ugainxt the sums secured by
<br /> ' � • Ihis Sccurity Inxtrument. .
<br /> �f i.Applicallon nt Payments.Unlc�s applicahlc law providc+alhc�ui.c,ull paymen�s rcceived h}�Lender under paragraphs ���
<br /> � ' „ . I und 2 shall he appli�Y1: fir�t. to uny prcpuynknt chiirge�Ju� unJrr�he Nute: ucond,a�amountx payable under parugraph 2: .*�•�
<br /> � thinl,to interest duc; founh,in prinripal Jur:und lu.t,to.m�• lale ch•rr�.c�duc undrr IIk Niilc. '
<br /> I .' . 4.ChprRcc:Liens. Burruwcr�hull puy ull taxr.. �.x+�nxnt�.rhargc.. li�k�:mJ im��,itium uttrihutublc to the Pruperly �
<br /> , whirh mu u�win rii�rit uvcr thi. Scruritc I�strumcnl, and lea.ch��ld u mrnt,ur �rouoJ rentx, if any. Borroa•cr�hull a ,�,
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<br /> the+e nhligati�►n,in thc manncr pmvidrJ in para�raph 3.ur ii nut paiJ in that m:�nnrr.&�rrow•cr.rl��lt puy thru►uo tiiuc Jir�titi� r
<br /> ti��hc pcnon owcd paynknt. Barr�ia�r.hull prumMly 1'urnitih tu LaiJcr:dl nutirc�al'amuunt.tu lx paiJ wxkr�hi.parug�uph. � •;
<br /> � If&�rrou•cr makc,lhc>c puynunt+dircrth•. Nnrra���r.hall pr��mptly furni.h ta Lcndrr rercipt�r��idenring thr puymenls. . ,
<br /> • &�rrowcr stwll promptly di�rharEr any licn�►•hirh ha+priurit�• wcr Ihi,ticcurity In.trumcnt unlc.�&�rtowcr:lal a�rcc�in � '.
<br /> wriling t��the pa�•ment ul'thc uhli�•rtian.rrured h�•thc licn in a m:mikr acrrpiahlr t��Lend�r: 1b1 cantr,�.in g�Hxl failh thr licn f
<br /> �. , ' by. ur dMcnd� again.t cnti►rrrmcnt ul' th� li�n in. Icgal pr�x�tiding. �vhirh in thr Lrnd��r'. ��piniun ���xratc t�, prevent thc I
<br /> cnfirrccmrnt�,t'the licn:nr Irl�ccurc.Irum thr haldrr�,t'Ihc lien un a�r«mcnt .;Ui.tiica�n tu I.cndrr.uhurdinalin�tlk licn to
<br /> ' thi� Security Imtnimrnl. If Lendrr drtrrminr. Iha�arn �an�,f thr Pmpem i. �uhj�rt U, a lirn�chirh may aaain prinri�y over
<br /> :�; this Scrurit�� Imtrument. Lrndrr nr.�� Ei�r liurr����.r :i m,ii.c i.lcntif�mg �hr licn. I;��rn���cr.h:dl .ati�f� Ihc lirn„r takr unc�,r '
<br /> tl : F � more of thr adi�in.,et fi,nh ulx��•���ithin 111 da�.af�he Li�ing ul'nuurr.
<br /> � • Fam 3028 9/90 ,
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