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<br /> � �l�a.nun► ar baedk+r�.pict of tbe p�pa�ty, Al� �t�c�eats �.a aadit;oa.tb�u,ibo be a�c�ned w�►uia� seaei►x. . : ,
<br /> �` Lrt�oent.All of tbe fa�esoio�is�+efen�ed tv�in this 5ecurity I�ao�eat as tbe"Ikapetty.' , ` : ,
<br /> ' ' - HORRO�YFR C�OVENANTS tb�t Bamn�r Ls tairfull��eised of the e�pte he�elsy�oa�►eyad�nd ii�d�e�t ou�aot aed
<br /> ooavry:the Ptopeity aod t6�t�the Properiy is�nencuao6ered.eaoept for mcumbru�s of�rooRl.garcoMer x�traots aod wilE �
<br /> defeed�eaetally tbe titk to the Pcoperty�aimt�Il ciaims aad da�mds,au6ject to aoy�of feoord. � ` . ;°,`
<br /> , THLS SEC[TRPI'Y INS17�l7MEi�}T oombiaes uniform oaven�ats for iatlon�l use�id noef-uniforzn cov�with.limitad =
<br /> v�ri�tions by jurisdiCtiortto oonstiNte a uciform secvrity i�ttuaseot oovaina�i p�opetty. ' � • .
<br /> . UI3ffO1tM.O0YEI�iAI�TS.Botf�owet s�l I�eoder oov�aod agi�Dt as follows: � , �
<br /> � i.Pay�e�t d Pti�eip�l4d Iata�t:Pr�eps�a�t a�d Lste C�.�ormwcr sh�l1 promptiY P�Y wUen�ae,tHe" _
<br /> prinrcipa�l of a�inrecrst oo t6e deDt evidea;ed by the Nate�d anY p+eWYment ud tate cbargts dae under tl�e Note. .
<br /> �.��toe T�a�d Iasrranca Subjoct to ap�plira6le law ur to 9 wrirtteo waiver by t.ader.Borcower sTu�il pay w '
<br /> I�endes oa t6e dsY�Y WY�ne dae anda the Note.mui!the Note is poid in full.�I suta('Funds')fo,r.(a)Yrarly w�es
<br /> aod atsess�naxs which any main priority o�er tiris Seaaity I�uument as a Iiat on t�Prapecty:tb)yearlY lasebold WYman�
<br /> or g�ound�euts on.the Property.if a�r;(c)YearlY I�d or prope�ty insur�oe'premiums:(d)Yearly flood iasutanoe p�emionas,
<br /> if a�ry:(e)Year1Y moitg�ge i�uanoe premiums,if any:,and(�anY�WYable by Bamower tQ Lender, in acoo�danoe wiW
<br /> • tbe provisiot�s of puagr�pb 8.in lieu of t6e payment of awitgage ituura�e pnmiums.77xse iteras az�e catled`Eac�nnw Ite�.'
<br /> ls�nder mzy.at�aY timc,witect aad hold Funds in�n amount aot to excxd tlta m�cimann amoutat a lender for a foderaliy
<br /> nlated mortgage loan mry tequine for Botrower's cscmw account urder the federal Real Estate Setflemeat Procodutrs Act�,brf .
<br /> 1974 as amended fmm time to time.12 U.S.C.Secfion 2601 d seq. ('RESPA"),unless amther Iaw tlut epp[ies to the Fonds
<br /> sets a le,sser ama�� If so, Leader may.at any timq,.collxt aed hoW Funds in an amount mt to�oxd tite lesser amoard..
<br /> l.endeF inay es�te the amwrn of Fmods due on the 6asis of curreat dw�nd msana6le�of expp�diwres of fnmre
<br /> , Fsecow Items or athervvise in accor�d�na�cit'�app�cable laa. ' • .
<br /> The Fmds shall 6e Leld in an inaitutioa wl�ose deposits a�+e inu�red by a fedecal agency. inctrumeataliry. or rntity
<br /> (iacluding I,eoder.if I.eoder is such an i�titution}or in suy Federal Rome Lmn Bank,i.ender shaU apply tfie Funds to pay the
<br /> Escrow Iteats.l.ender may not charge Hortower for isoiding and applying the F�mds.aannally analyzing ti�e escrow awatm,or
<br /> verifying the Escrow Ite�s.anless i.ender pays Borrower interestaa the Funds and applicable law pemtits I�ender ro maice sach .
<br /> a charge.Howaver.I.eader may nquire Borrower fo pay a one-t�charge for an independent real estate tax reporring s�vicc
<br /> ased by Lender in connection witfi this loan, unless appiicable law provides othertwise. lJniess an agree�ent is made ot
<br /> — applicable law requires iaterest to be paid I.ender sha11 not be�+equired to pay Borrower any interest or eamiags on the Fwsds.
<br /> Bomawer and t.ender mry agroe m writing, however. that interest shall be paid on the Fands:Latder shall give to Borrower, �
<br /> �,,,�.� witbottt ct�arge,au annual accounang af the Funds,sl�owing credits and debits to ihe Funds and the purpose for which each
<br /> - -- 0 =- _debit to tbe Farids was made.The Fun�s are pledged as addirional securiry fur alt sums secured by this Secusity Instr�ment. ;
<br /> _= � If the Funds hetd 6y Lender eaceed the amrn���permitted ta be held by applicable law.Le�der shall acoount to Borrower
<br /> :� for tfie excess Funds in accordance with the requ;.r•�nts of applicable law.If the arraunt of the Funds he�d by l.ender at any
<br /> �`"_' time is not sufficieat to pay the Escraw Items wherit7iie.Lender may so notify Barrower in writing.and.iri.sirch case Borrower
<br /> ��',� shaQ payr to Lender the amount necessary co make up[he deficiency. Borrower shall make up the defieiea3sg�in no more thau ��Y-
<br /> �.�`} �:�,.-�-_
<br /> r..., ,.�• .• twelve monthlY PaYments.at l.ender's sole discretion. , �;::,.�_.:.-.�
<br /> �,�.;___,:xr•. Upon paymerit in full of all sums secured by this Securiry instrument� Lender shall promptty refiindto Borro�erany �.�;;�,x�.y,
<br /> ��`� _�"Y�� ` Funds held by I.er�der.If,under pa�agraph 21.Ix�stt..°r:shall acquire or sell th�Property,l.ender, prior to tEae acquisition or sale • � ' _
<br /> >��-.�=%.�.':;� �. .
<br /> •-'��� - • of the Pcoperty.shail apply any Funds hefd by i.;�tt�.°r at the time of acquisition ar sale as a credit against�.3e sums secured by � �;.,,.' ,,._�;:
<br /> s,� this Security Instrument. ; ;;_�,,._-
<br /> � '11�'� `�'.=�� 3.Application ot Psyments.Un2ess applirable faw pmvides otherwi�sc.all payments receivad by l.ender under paragraphs �"°
<br /> `��~"- `� ',-j:;:;: �,-
<br /> ' :�`". • 1 and 2 shall be applied:fint.ta any prepayment c'�arges due under the Note:secand,to amaums payabte under paragraph 2;
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<br /> _�. T, ,,. . ,� � third.to interest due:fouRh:to principal due:and i�cc_ta any late charges due andcr the Note. �����,
<br /> ''�'••' - " �•- , 4.C es; Liens.Barrower sha11 all taxes.�su�smentti,•char•eti. finec and im citions anribu��{:to the Pro : -� � ' � �
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<br /> �"8 PeJ+ b • P�• PeKY . .�,..
<br /> �f�-: `- • whieh mzy attain priority over this Seourity lactrument. and lea.cehald payments or ground rents,if any. Bortower shatt pay i- . •..,...:.....�i
<br /> �.�.
<br /> '�;� ihese obligations in the manner pravided in paragr:sph 2,or if not paid in that manncr.Bc�rroaer shall pay them on time disectly j
<br /> ��'�`• to the person owed payment.Borrower hhall prompUy furnish to Lendcr all nntices of am�unts to be paid under this paragrapfi. .
<br /> —==`�`�"-_'~-��� If Borrower makes these payments directly.Borrower shall prnmptly fumitih ta Lender receipis evidencing the payments. � ,
<br /> �,�:'��:�._::�, Barrower shali pro�e,Ftly discharge any lien which has priarity m•er this Secvriry Imtrument unless Borrower:(a>agrees in - �
<br /> �,�-.�--"'� . writing to the payment of the abligation sacured by the lien in a manner acceptable to Lender:(b►rontests in good faith the lien -- --. .'•.
<br /> �`"� ' by. or defends atgainst enforcement af thc lien in, legal prareedings which in ihe Lender ti opinion operate to pre�•eett the • ,°�;�'
<br /> '��'� -�• enforcement of the lien:or(c)secures from thc holdcr ai the licn an�grcement sati�factory to l.cndcr subardinating the teea to � -
<br /> s�,�'� �. this Security Instrumcnt. If I.ender determinrs that any part nf thc Pr��perty i�.ubje�K to a lien afiich may attain priority over ; � •'
<br /> ���'`•' this Security lnstrument.Lender may�ive Borrawcr a noticc�d�~tifying thc lien. Borrow•cr tihaU �atirfy the lien or take one or `.� � ' � - �
<br /> �n�.
<br /> -�rya�aor,:.�'.c�,. . . ' � - ---
<br /> ��- �• tnore of the aciions set forth above within 10 days of the givim��:�.���tice.
<br /> �� -- , ' Fonn 3028 9/90 � � . " . •
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