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<br /> - ' � 94-los.sea _ _ __
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<br /> -_ ---- -- TOCiETHER WITH a!1 the improvemcnts now or t►erafter ercetad on the property,and all eASemenu,appurternnce�.and
<br /> flxtures now or hercafter a part of the property. All rcpl�cert�nts �nd additions �fwll al�u be oov�red by �his Socu�ity
<br /> Irutrumu►t. All of the forcgoing is referrod to in thic Socudty InstrumeM a�the "Property."
<br /> BORROWER CQVENANTS ttwt Sorrower ic lawfully ceiced of the r,atyta hercby conveyod and twa the ri�ht tn�rAnt aix!
<br /> convey the Property and ttwt the Propeny is unencumberal. except for encumbrancea of rx.ord. Borrower wxmntr �nd will
<br /> defaid generrlly the tide to the Property agAinst all claima and denwnds�,subJect to any encumbrances of rocord.
<br /> THIS SECURITY INSrRUMBNT combfnex uniform cuvenanis fur naticros►I usc:wid non-uniform rovenantr with limitaf
<br /> vuiMi�ns by jurlsdiction to constitute�uniform security in�trument cnvering reAl prapecty.
<br /> UNIFORM COVBNANTS.Barcowcr wnd L.cixicr rovenunt su�J agccc as fiiflowe:
<br /> '�'f l. Paymeat ot P�iaclpal and Interali PreP�ymeat �ad l.�tr l'luir�es. Harmwcr sttAlf promptiy pay whcn due thc
<br /> princiFwl of and intarat on thc debt evidenced by thc Note a�xi wny prcp+rymcnt and late churges duc undcr thc Notc.
<br /> 2. Fundr for T�xex Nnd Insur�ncc. 5ubj�Yt ti�LppUr�hlc I�w ur w a wrlucn wuivcr by I.cncicr, &+rruwrr stwll pwy tu
<br /> Lender un thc�y nwnthly p�ymcntc�ro duc undcr�hc Ncd�. until the N��tr iti paid in full,a sum("FunJx")fi�r:(u)ycurly taxes
<br /> nrxi��r�,cmcntx which muy attwin priority ovcr thir S�tiurity lnurunxnt ati�+licn on thc Property;(b)ycurly Ica�chnlJ payments
<br /> or gawnd rcntc�n the Pmprrty,if uny:(c)yeurly hn�.urd or prc�perty insurance premiumr;(d)yeyrly flaxi in�urunce prcmiums,
<br /> i�� if uny; (c1 yuuly mcmgagc in�ur�ncc prcmium.r•. if uny: und (Q uny sums pryablc by Borruwcr to l.cndcr, in uccurdancc with
<br /> thc pravihiuns of�wrug�uph 8,in iicu of the paymcnt of ttx�rtgage insurance premiums.The.tie items urc ralled "Exrow Items."
<br /> l.ender may, at uny tin�e, cullect •rnd hc�ld Funds in un amount ruu t�excced the maxinwm amount u Iender for n fedcrally
<br /> related nx�ngage Icwn mmay rcquire for Burrnwer's escruw uccaunt under the federal Real Estute Settlement Pr�xedures Act of
<br /> 1474 us umencicd from time to time, i2 U.S.C. Sectio� 2b01 er.ceq. ('RESPA"), unless another luw th:�t upplie+to the Funds
<br /> - sets a lesser amount. If so, L.ender may, at �ny time, collect and hold Funds in an amount not to exceed the Iesrer umount.
<br /> ° [.ender may ectimate the um�unt of Funds duc an thc busis of current data and re:uonable estimates of expenditures af future
<br /> Bscrow Items or othcrwisc in accarduncc with applicablc law.
<br /> Thc Funds shull bc held in un institution whose deposits are insural by a federal agency. inxtnimentality, or entity
<br /> • �`•�• ' w (including Lendcr,if Lender is such an institution)or in uny Federul Home Loan Bank. I.ender shaU upply the Funds to pay the
<br /> Escrow Items.Lender may not charge Borrowcr for holding a�ui applying the Funds,unnually analy�ing thc escrow•rccount,or
<br /> _ � - verifyin�the Escrow items,unless I.ender pays Bc�rrower intere+t on the Funcis and upplicublc law permits Lender to make such
<br /> ��`�� a charge.However, L.endcr.nay requirc Borcowcr to pay u one•time churge for an independcnt rcal cst:�tc tax rcpnrting servicc
<br /> :;:,;�s.!`s�.•:�••
<br /> "� uuxd by Lendcr in ronnection with thic luun, unless applicable law prnvides otherwise. Unle�s un agrcement is madc or
<br /> ` � � y_,.;:'•�=�R. applicablc luw requires interest to t�c puid, I.ender shall not t�rcyuired to pay Rorrower any interest or evrnings on the Fund�.
<br /> -. „� ��,�;;��" Borrower und Lender muy ugcec in writing, however, that intcrest shall be paid on the Funds. l.endcr shall giv�to Borrowcr,
<br /> ��:'; �.�:.. withcwt charge. an annual accounting of the Fund�, showing credit. anci debits to the Funds and the purpose fi�r which each
<br /> `�.��",�' debit to the Fundx wa.r made. The Funds:�re pledged as additionnl .recuriry for ull sums secured by thiti Security Instrument.
<br />. _ , "�•"',"•; If the Funds held by Lender exceeJ the umounts permittrd ta he held by upplicable Inw. Lender shall ace�wnt to Bc�rrower
<br /> �.'���.:..:. . .::
<br /> • •v� far the rxcess Funds in accorJance with the requirement�i�f upplicuble law. If thr amuunt of the FunJs held by L.ender at any
<br />_ c';,�;"° „ time is not tiufticient to pay the Eticruw ltems when duc, I.ender m•ry so notify �rruwer in writing, imd, in.ruch cuse Borrower
<br />- , shall pay tu i.enJer the umuunt nece.rsary t�� muke up the deticicncy. &�rrower shall make up the deticienry in no more thun
<br /> •• -� twclve manthly payments,ut I.endcr's solc discrction.
<br /> Upan p•ryment in full of all sums tiecured hy thi. Sccurity Imtrum�nt. Laider ,hall pramptly refund to &�rruwer any
<br />— • � Futxlti held by Lender. If.undcr pura,sraph 21,L.enJcr tihall arquirc or xll thc Property,l.rndcr,prior to thc acyui.ition or,ale
<br /> _�y af the Pruperty, shall upply uny FunJti held by Lendrr�t thc timc uf acyuisition or sule a,u credit agsinst the sums u:curcJ by
<br /> _�.�" . ' • . : � this Scxurity Instrument.
<br /> �� � 3. Application of Pr�yments. Unleti�:�ppli�;�bl�lu�� pr�wid�ti oth�rwis�,ull paymrnt.rcrcivcd hy LenJcr unJcr paragraphs
<br /> - 1 and 2 shall bc applicd: tirst.to any prepaymcnt rhargc.Jur undcr thc Notr: +crima, tu.unountti payuhlc undcr puragruph 2:
<br /> � _ ... third.tci intere�t Juc: tiiurth. tu pri�xipal dur:and la.t. to any lat�rhur�c�dur undr�thr Nutr.
<br /> .-- . ' 4. Charges: I.iens. Borroa�rr tihall ray :dl taxe�, usx,snxnt+.rhargc�, tinc. and imFxnitiun,uttributahle ti�the Property
<br /> • . . . . . which may attain pricirity ov�r thi,Sr�uriq In,trumrnt. and Ic:►,ch�,ld puynunh ar gruund rrnt�, if any. B��rrou•rr +hall pa}•
<br /> . • thcsc ubligutinn.in th�manncr prc>�idrd in paragraph 2.or il'nnt paiJ in that manncr. R��rrowcr�htill pay thent on timc Jimrdy
<br /> to thc jxrson ua�d p.tymrnt. Burri�a�rr�hall pr��tnpd}• 1'urni,h tu L�nJrr all rn�tirr,uf amount,tu br paiJ unJrr thi.parugraph.
<br /> �*.. If&�rrowcr makcy thcx paymrnt�Jirrrtly.H��rr��w•er+h:dl pr�nn�tl}•furni,li tu I_¢n�tcr rcrcipt.cvidcnring thc paynxnt..
<br /> -- . . " F3�►rruacr tihull prumpU��Ji.cliarpr am liru which ha�rriurit}u��cr thi+Srrurit} In.trumrnt unl�+.[3urruw•er:la1 agrcr,m
<br /> . . % - writing to the puyment nf thr ohli�atiun tirrurcJ by thr licn in a manner arreptuMr to Lrnder, ih�runtr.t�in g�xxi I'aith the licn
<br /> �"" by. or del'rnJr uF•rin.t enli�rcemrnt ul'thr liai in. Irkal pr�xerding� �ti�hich in the I.end�r'. ��pinion ���xr;itr tu prr�•rnt thc
<br /> a � K�is�. .
<br /> t,�;,,..: cnti�rccmcnt of thc lien:��r(�1+c�urc�fmnt th�hnld�r„fthr licn an a�rrrm�nt�ati.t:irtur� t��L�nJ�r�uhnrdinatin�;thc licn to
<br /> this Sccurity Instrumcnt. II'Lcndcr drtcrminr.that an}• part ul thc Pro�xrty i. ,uhjrrt to u lirn ��•hirh ma� attain priority iwcr
<br /> -� � thi�Sc�urity Intitrumrnt. Lcndcr may gi�•r Burraucr a mnicr iJ�ntif�ing thc liru. f�urr����rr,hall�ati,f} th�lien or takr unr ur
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<br /> • � . morc of thc uctions tict R�rth utxnc xithin IU Jay�ul thc gi�•ing��f�n�,tice. _
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<br /> � Form 3028 9l90
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