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<br /> . Toc�6rxER arrH all t�e a�p�v�a m.�►or�e�e�n the prupaty,oa.0 asaoena.�.�. ,
<br /> ��piC� IptiV'Of �IC'q�Cl ��p/�t Of tbC �y: AII �I�OM�tS 1l� i�dlt� SIIwII �I30 IfC OOYlR� b� t�S SOCYTI�► �
<br /> , �t[111pG(�.�Of I�C fOtC$WD$1S tl,'fEr[�LO lII t�11S$OL1ltltyt�R iS iZ1E•pIOQGliyl.• . '
<br /> BOI�ROWER OOVENANTS tbat Bomuv�ter is IawfWly seLsod of the es�e badsy ooavcyaf aod�s tha right to grant aod
<br /> � oonvcy tl�Pmperty`aad tkat the property is uoenium6ec�,cxcxpt for ma�mbcances of reoocd. Barrawer warraats and wiU
<br /> � defead genenlly the tide co the Property agaiast aU daims aad dema�is;su6ject w a�r envmbranas of Roai�. �
<br /> ' � � TFIIS SECURTtY INSTRUMENT mmbhxs uniform covenants for national use aid mn-uniform oovenants with timited
<br /> `variatiflns by jurisdiction to oonstidiu a uniform saurity insuunxnt ooveiing ceal P►tiP�rtY• .
<br /> Ur11gOgM CpVENANTS.Borrower azwi Lettder oovenant and agce as follows: �
<br /> � ' 1. Pf�ymeet.ot Ptindpi aad Inta�at; PheP�ymmt aad Ute Char�sr Bortower sha[1 promP�Y PaY wixn dtu the ,
<br /> _ _ principal of and interest on the deht evidenced by the Nate ard any p�epayment and tate charges due uiider the Nate. � .
<br /> -= 2.�Lnds foe Taxes and Inweanea SubJoct w ePPW�ble law or to a�ritten waiver by I.u�der,Bocmwer sh�11 paY to
<br /> — Lend�er an the day monthly payme�ns�e dae imdcr the Note,until the Note is paid in futl.a sum t'F1mda"�for:(a)Y�Y�
<br /> and assessments which�may attain priority over this Secnrity Inswment as a tien on the PcvPertY•tb}YeutY leasd�old paya�aas
<br /> or ground r�nts on tbe Property.if any:(c)YrariY 1�aza�d or Piupert7'insacaoa giemiums:(d)Yea�rtY flood insunnce premirunc.
<br /> -� if any;(e)ytarIy mortgage insurance preminms,if any;and(�any sums payabte[sy Bornnwer to Ixader,in acaardance witb
<br />�r the provisians of pazagraph 8.in li�of t6e payment of mortgage i++��p�miwns.These items arz called"Fscr�aw Items." ..
<br /> . LaWer may.at any ti�e.irollea an�hold Fat�ds in aa amount not ta�zceed the maximnm azswuctt a Ie�der f�s�federalIy
<br />��, related moctgage toam may require for Borrawer's escrow account undec the federal Real Estate 5et¢�t+�aent Proaed�res Acx of —
<br /> _-- 1974 as ameadod fmm time tn time, 12.E.F.S.�.Se�xiocr 26Q1 rt seq. {"EtESPA"),unless anc�ther tav�that applies ra the Fu�s =--
<br /> - � sets a lesser amoaM. If so. Lender may;a��y time.collect and hold Funds in an atraant not to exseed the Iesser amoun� ��
<br />--__°,��- _ ,,`::� Lender may esumate tiie anwunt af Funds.c�e"on�the basis of cunent data and reasonabte estinrates of eupenditnres of future �.`:�'�'4�
<br /> Escrow Items or otherwise in acoordance v�t1a aQplicable law. � _ ��.,,_=5;�:__
<br /> ' The F�nds shall be held in an instifation whose deposits are insmrod by a federa! ageacy, i�mentality, or entity. ��,
<br /> (inctuding Lender,if I.ender is such an instimtion)or in any Federal Home Laan Bank.Ixnder shai!�pi�the F�mds ta pay the � �
<br /> Fs�row items.l.eoder may not cf�acge Eonower for hold�an�aPP�S We Funds.annually analyziug tfte�w a�um,or E, d�t;;`_
<br /> r .. -
<br /> -- _ `' verifying the EscroA itemc.unters Lender�ays Bormwer�nt�st on the Funds and applicable law p�rrt►irs Iend�¢a�make such _ �'�,-_.:
<br /> �4i/- .. ' " Tit�:'•..'-�"_--
<br /> ;" •� s,'� : ' ,a charge.However.Eender may require Borr�wer to pay a one-time c8a�e for an independent real estace tax r�n seivi� � _
<br /> .: ��� � S �'•.,,, - _
<br /> ;;;s, � . used by Lender in oonneaion with this inan, unless applipble law provides otherwise. Unless an agreement is r�ade er�
<br /> -�, .:.�f��4 ' apQlicable.law requires interesa ta i�e paid,�nder shall not be uired to Barrower an interese or eamin a.�ihe Funds. �:`,` `,'•:''� �.--
<br /> Y�, c�;� � PaY Y 8� :>;,•.r;sF.,.;,
<br /> + ���,-. � Bormwer and Lender ma agr�e in wriiir ,however.thac interest shall be a�d on the Funds.Lender shall giv�rn Borrower. 1f.'./�£F�Jt t :"—
<br /> P , ,;,�.���t,
<br /> .•��}�.,. ..3._�N without charge. an annual aoeonnt's:�of tt�e Funds,showing credits and debits to the Funds and the n se for whicb each,: . ��4�h}'`"z.,:�?;:.-`.
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<br /> ' .`;�:r:':,!`.�=;s-'., debit to the Funds was made.The�unds are ptedaed as additional security far ali sums secured by thi�Security Inswment. . ;�y<4;,r ;,`
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<br /> '`�; , h � ;;:' If the Funds held by Lender exceed the amounts permitted to be heid by applirable law,Lender si:a:I account to Borroana' . F;. �� , •-.
<br /> � ��` ""'"'� � `� for the excess Funds in acoordance aith the irements of lipble law.If the amount of the�un6s held b Ixnder at any � �;�rs��{`�
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<br />` : �== . _,7.,f� ;...' 6r¢e is not sufficient to pa}rSae Escrow Items when due.Lender may so natify Borrow•er in writing.and.in such case$orcower :��:->,•�r�
<br /> �a.;;:'..'.� t i.:f�;�:.`'�.:,:_:�.37
<br /> shail pay to I.ender the a��nnt neressary to make up the de�ciency. Borrower shall rnake up the defciency in na more tflan ,•:,-; �
<br /> . - • . �: �` twelve month(y paynRencs.at Lender's sole discretion. � '""i';`( .
<br /> :.�
<br /> : . - Upon pay.nent.in fuza of all sums secured by this Security Instnunent, L.ender sf�all promptly refund ta Borrower any i. '� ,
<br /> • • •��s::;.. �' . Funds held by Lender.If,u�nder paragraph 21.l.endcr sha11 acquire or sell the Property.lxnder.prior to the acquisition or sale t-.'.;�,s�,. � ,
<br />= ;fi;,,� __ of the PrapeRy. shall appt}a�y��unds Meld by l.ender at the time of acquisition or sa1e ati a credit against the sums secured by ;. ..;;��`,.,.�.; `,.
<br /> . ��'=�;;
<br /> . _ , . this Secvrity Instrument. ; ;_ '�` '
<br /> ' ` 3.Applieation ot Payments.Unless applicable law provides otherwisc.all payments received by Lender under pamgraphs • ,
<br /> •�� � • ' 1 and 2 shall be applied:first,ta any prepayment charges due under the Notc: second,to amounts payable under.paragtaph 2: � � ;
<br />� � ` third.to interest due:faunh;to principa!due:and lust,to any late rharges due under the Noie. --.�.;� :.,. �-� '
<br />- � � ' - - 4.Charges;Ltett9.Barrower shap pay all taxey,asstssmen�+, charges,fines a,rti"s:npo5itions attributable ta 2he Propetty '•.%�,,;;��:��•. " .'
<br /> � � • � � which may attain priority over this Security Instrument. a��tcatehotd paymenu�r g7aund rent�:,if any..Borrc��•�s'�afl pay •����`�`� '�� '
<br />, � c; •.�•:� . ' .
<br /> • . these obligatior.s 3�the manner provided in paragraph 2,ar iP not paid in that manner. 8��-rower sf:all pay them an time d"+rertl� `�:`.�:;'`.` �.�
<br /> • r..-�,. . : . : ; :
<br /> • „ �, .. • ;, to the person oR�.d payment. Borrower shall promptly fumish to Lend�r a;l naticec ot'a.^zounts t���:;.Qaid under this paragraDPs-
<br /> - � - • If Borrower makes these payments directly.Borri�wer shall pramptly fum'rab to l.crt�:r;:ceipt.c�.;.:�lcing the payments. ' '� �.•-�� � ;
<br /> _ -" :•�r,;`�, . �`' Borrower shafl promptiy dischargc any licn whicb h:i.c priority over this Serur.t6•�-.trument unletc Borrower.(a)agrees in `•.;��;�;�..._.•:: ,
<br /> '�'r � <jr� '� writing to the payment oi the obligation secured by the lien in a manncr arceptuble to.�ender.(b)contestti in goad�faith the lien �.,,`::!-, • -
<br /> . � �, •'i.�tj'..� '�.....
<br /> � by. or defends against enforcement af the lien in. Icgal prcxcedingti which in the Lender's opinion aperatc ta prcvent the -;•� ,,� . .��
<br />_ • - ,�.%� enforcement of thc tien;or(c)secures fmm..he holder of thc licn an agrecmcnt satiyfactory to l.cndcr suburdinating thc licn to �:"'�'' • .
<br /> - '�"" ��° • � this Seeurity lnstrument.if Lender detern�ines that any part of the ProQerty i� �,ubject t�a lien which may attain priority over f�•:,��
<br />~i� �. V':=l:�::, . ' � '• this Security lnstrument,I.endar may give B��rrowcr u nutice identifying the licn.Burrow�er shall satisfy tl�c licn nr tuke one ar ':�;`�•�
<br />_ �'''•�����<.�:�;;.;f_. '� more of the actions set forih z�aove within 10 duys nf thc r•ivi:ig��f notice., . � ' �"
<br /> ,:. `�"�t''•' .. ,-?yu'• � , Form30S8 9/90 ';'.t.,,.'• .
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