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<br /> TO(iETHER WTfH dl tbe improvur�nu now a heratta erocted on the property.�nd d!wemenb��ppunenui�a,
<br /> and ftxtures naw ot t�eneafter a p�rt of the pno�eKY. All�splacemenu and addidau shall�la be coverod by thi�Sxurity
<br /> lnwument. All af the fase�oln�i�refetred to ia Uif�Securlry lnstnunent as the"Properry"
<br /> BORROWF,R COVGNANTS that Borrower is I�wfuUy cei�ed of the estate hereby convcycd and tws the rt�t+t to�rant
<br /> w�d convey theProp�ty and that tt�e Property ls unencumberod,except far encumbruices of rccocd. Bort+nwer wuranu snd
<br /> wiU defend�eeeraliy the dtk w the Propctty a�d�ut�Il claim�and demends.subject to any encumbranca�of rocord.
<br /> = —_--- THIS S�CURITY INSTRUMEN'I' combines w�iform covcaunts for nadonal use an� non-uniform covetuutts w�lh
<br /> � limited vAriat�ona by juricdict�on W cwutltuu a uniform securtty inununent covering ceal property.
<br /> " UNIFORM COVENANTS. Bort+ower and l.onder covenartt ond agrec ns follows:
<br /> -- __-- 1. P�ymeat ot Principd�nd Intecat=Preqtyment�pd I.�te Cbar�e�. Borrowor shall prompQy pay wlxn due the
<br /> ---�----�-� principal of and interest on thc debt evidenced by the Note and any prepayment and late charges due under thc Note.
<br /> - -- -- 2. E�nd�for'11�xex Nnd Iu�uranca SubJcet to applicable law or to a writtcn waiver by Lendec.Borrower shall p�y to
<br /> ____ _____ _ ___ ___ , Lender on the day monthly payments arc due under thc Nute.until the Note is paid in full,a sum("Funds")for.(u)yearly
<br /> — taxes end assessments which may attaln priority over this Secudry Insuument as A lien an the Property:(b)yearly leacehold
<br /> ��r,�.� payments or ground rents on the Property, If any: (c) yearly hazard or propecty insurance premiums; (d) yearly flood
<br /> --w---�•��� insurance premlums. if any; (e)ye�rly mortgage insurance premiums, if any; and(� any sums puyable by Bomower ta
<br /> Lender,in accondance with the provisions of parngraph 8,in lieu of the payment of mottgage Insur�nce prcmiums. These
<br /> items are called"Escrow Items." Lende�may,at any time,collect and hold Funds in an amount uot to exceed the maxlmum
<br /> -. ---_= amount a lender for a federally related mortgagc loan may requic�e for Borrower's escrow account under the fede*al Iteal
<br /> �m ti' Estate Settlemcnt Procednres Act of 1974 as amended from dme to timc, 12 U.S.C.§2601 u seq.("RESPA"),u�less another
<br /> � law that applIes to the Amds sets a lesser amount. if xo,I.ender may.ut any time,collect and hold Fuods!n an amount not to _.
<br /> Ys'�;:s�`�c.'a: '.�.
<br /> `��y<<�., ,. . exceed the lesser amaunt. L.ender may estimnte the amount of Funds due on the basis of cutrent dat�wtd rwronabk
<br /> , :. ` esdmates of expenditures of future Escrow Items or otherwise in accordance wlth applicable law.
<br /> ..``:''.,�; .�;"*,;.� 1'he Funds shall Ge held in an institudon whosc depostts are insured by a federat agency.instrumentality,or entlty
<br /> f `. v.�.:.,,,,,; (including Lender,if L.ender is such un inst�tupon)ur in any Federal Home Loan Bunk. Lender shall apply the Funds to pay
<br /> � ° • _ . .,_... the Escrow Items. I.ender may not c6arge Bom,wer for holding and applyfng the Fvnds.annu�lly analyzing the escrow
<br /> account,or verifying the Escrow [tems, unless Lender pays Borrower interest on the Ftinds and applicAble law permits
<br /> I.ender to makc such a chargc. However, L.ender may mquire Borrawer to pay a one-time charge for an independent real
<br /> • estate tax reporting servlce used by Lender in connection with this lostn,unless applicable luw provides otherwise. Unless an
<br /> ' �, asmement is made or upplicable law requires{nte.rest to bc paid,Lender shall aot 6e reyuired to pay Borrower any interest or
<br /> . .��,'r,�'• �''�`" eamings on the Funds. Bocrower and l.ender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> ' ;� • shall give to Borrower,withaut charge,an annual accounting of the Funds,showing credits nnd debits to the Funds and the
<br /> purpose for which cach debit to the Funds was made. The Funds nre pledged as additional sec:ur�ty for all sums secured by
<br /> - - - -- - --- this�ecurity Instsurrjent.
<br /> If the Funds held by Lender exceed the umounts permitted to be held by applicuble law, Lender shatl account to _
<br /> ' 8orrower for the excess Funds in accordance with the requirementc of applicable law. If the amount of the Funds hold by
<br /> � Lender at any time is not sufficient to pay the Escrow Items when duc,L.ender may so notify Borrower in wdting.and.in
<br /> ' such case Borrower shall pay to Lender the amount necessury to make up the deftciency. Borrower shall make up the �-
<br /> . deficiency in no more than twelve monthly paymcnts,at Lender's solc discretion. °"
<br /> Upon payment in full of ail sums secured by Qiis Security Inxtrument, Lendcr shall prompdy rcfund to Borrowcr any �`
<br /> � Funds held by l.endsr. If,under paragraph 2l,Lender shull acquire or xcll the Property,Lender,prior to the acquisition or �
<br /> �_ � sale of thc Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against thc sums �_
<br /> � . secured by this Security Inswment. �-_
<br /> � 3. Applicatlon of P�yments. Unless:ipplicable law provides othcrwisc, all payments rcceived by I�nder under �,_
<br /> �ti • �� paragraphs 1 and 2 shall he applied:tirxt,to any prepaymcnt chargeti duc undcr thc Note;second,to amounts payub(c uncier =_-
<br /> paragraph 2;third,to intcrest duc;fourth,to principal duc;and last,t�•rny latr charges duc undcr the Nota �%--
<br /> `�, s 4. Charqes; Liens. Borrower .hull pay all taxes,assc+smentti, eharges, fines and impositions attributable to the
<br /> Property which may uttuin priority over thi.3ecurity Imtrumcnt,and Icuschold payments or ground rents,if any. Borrowcr �,
<br /> , shall pay these obligations in the mm�ncr provided in par.igraph 2,or if not paid in that manner,Borrowcr shall pay them on �--
<br /> time dimcUy ta thc per+on owcd paymcnt. Bottowcr�hall promptly furnish to Lender all notices of amountti to Ix paid under �
<br /> thix paragraph. If Borrower m:►krs these puyments dimcdy,Bnnower shull prompdy fumish to Lender reccipts evidencing _
<br /> the paymentx. �_
<br /> • Borrower,hnll promptly dischargc any licn whirh ha,prioriry uvcr thi.Sccurity Imtrumcnt unles�Borrower.(a)agmcs
<br /> in writing to the payment of thc obligation�ecumd My thc lien in a m�nner acceptable to Lendcr,tb)contests in good faith the ��
<br /> licn by,or defends ugainst enforccmept of the lien in,legul pr�xecdings which in thc Lendrr�upinion operate to prevent the �'_z
<br /> . � enforcement of the lien:or(c)secures from the holder�if thr lien an agreement satisfactory to Lender subordinating the lien Q��;:
<br /> to this Securiry[nstrument. If Lender d�termines that uny pait of thr Pr��peny i,tiubject to a lien which may attain pnonry `-'-
<br /> over this Sccurity Inswment,Lendcr may givc Borrowcr a noticc identifying thc lien. Borrowcr xhall satisfy the licn or take �-==
<br /> ' ane or more of the actions�et torth alwvc within(0 day.of the giving of notice.
<br /> S. Hazard or Property Insurance. Borrowrr.hall keep thr impr�wcmrnt.now�xi�ting or hercafter erected on the -
<br /> Propcny insurcd again�t loss by Grc,h:vard+included within thc tcrni"catrndrd ru�•cragc"and any othcr h:►xards,including
<br /> tloods or tlooding, for which Lcndcr requires insuruncr. Thi. insurancc shull hc maintained in the amounts and for the
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<br /> ' Form 3028 Y/90 lpuge 2 nf b pugts I
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