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<br /> TOUBTHER W1TH all the improvementa now or heroaRer erectad an the propeny,wnd all eacernentc,appu�tenanoec,u�d
<br /> fiztuca now or hereafter o part oP the property. All rcplacements ar�d additlanr shall dyo be ooverod by this Sxudty
<br /> ItWtument.All af the forcgoin�1+�rofcrred ta in thir Sd:urity Inatrument�w the"Pn�peny."
<br /> 80RRAW8R COVENAN'CS Itwt Bomuwer ia lawfully seised of thc c►txtc hcreby canvcyod wnd tuu�thc right to�rant and
<br /> oanvey thc Fh�operty usd tiut tlx Prq�eKy is�unencumbercd, except for encumbrancer of raard. Borrowcr wArrana and will
<br /> defmd�c�xr�lly the tiUe to the Property a�yait�t aU claim�sud dam�ndc,wbjat to any cncumbr�uxes of record.
<br /> � �� Y THIS S�CURITY INSTRUMENT a�mMnex uniform cuvenantx fi�r nutionul use a�d non-uniform covc�wnts with limitod
<br /> v�rfuian�;by jurisdictiun tu constitate�uniforni security inbtniment covcring rcal property.
<br /> UNI�ORM COVENANTS.Bnrn►wcr and I..c�xicr covcnant aiul agra as follows:
<br /> - l. 1'�ymrot ui'Prinrl{w►1 w�Kl Inirrrat; Prrprymrnt xnd Late ClwrKes. Bnrrower+ball prumptly pay w1�en due thc ^
<br /> pritkiptl of and Intercst on the debt evldenaxl by the Nc�te and any prcpuyment�nd latc chargec duc under thc Notc.
<br /> _ 2.Ftindc tor Twxes and Insurrnce.Subjoct tn upplic�ble law or to u written wuiver by Lcndcr, F3ar�ower r;hall pay to _
<br /> Lcndcr on thc day monthly payments are duc under thc Note,until thc Natc is p:�id in full,a wm("Funds")fc�r:(u)ycurly taxcs
<br /> and assetismentc which may uttain priority over this Security Instrument ac a lien an the Propeny; (b)ycurly Ic:uchold payments
<br /> or gmund rentx on the P�operty,if any; (c)yearly ha•r.ard ur prapeny insurunce premiumr:(d)ycarly fla�d insurance premiums,
<br /> '�°` "`=G9 if any;i�)yes+rly mortgagr insur•r�ke premiums, if uny;und(�uny xumti puyable by Borrowe� to lxixler, in uccordunce with -
<br /> the provi�ions of parngraph 8, in lieu of the payment of mortgage insurunce premiumz. These itemr ure callai "E.r•crow Items."
<br /> Lendcr nmy, at miy time, collect and hold Funcis in an rnwunt not to cxcced the maximum unwunt u lender for u federally
<br /> relatcd rrx�ngagc loan may require far BoROwer's escraw arccwnt muler the federal Real Eswte Setticment Pracedures Act of
<br /> __.. 1974�s amcodcd from time to time, t2 U.S.C. Section 2601 ct sey. ("RESPA"), unless anc�ther law th•rt•rpplics to the Funds
<br /> :�s'° acts a tesser amount. If so. Lender m•ry, at any time, collect and hold Funds in an amaunt not to exccud the lesser amcwnt. _
<br /> : l.cnder may estimate the urnount of Funds duc on the basis of cutrent�±at•r and reusons►ble cstimntes of cxp�:nditures of future
<br /> Escmw Itemti or othcrwisc in ucwrdancc with upplicablc luw•. �
<br /> � The Funds shull be held in un institution who.tic deposits are imurcci by a federal ugency. instrumentulity, or entity
<br /> •" ,` • (inciuding Lender,if Lender is�urh an instiwtion>or in any Fcderul Home Laan Bunk. Lensicr shall:�pply the Funds to p•ry thc _
<br /> y '� �"`�. Escrow Item,r•. Lender may nc�t charge&►rrower for holding and applying the Funds,annuaily unalyr.ing the escrow account,or _
<br /> " co• <<'.S�-j�. " verifying the Escraw Items.unlesx l.ender pays Bnrniwer interest cm the Fund��nd applicrble law pennits l.ender to make such
<br /> , 4i•.. ;",:.:: B Y 9 P'Y S Fx' P° s •.
<br /> ,�_�' a char e. However, L.ender ma re uire Born�wer to d u onc-time char e for an inde ndent re:►I estate tax re rtin tiervice
<br /> ?�•� —
<br /> �� �,�.��_j�, used by Lender in connection with this loan, unless upplicuhle luw provideti otherwise. Unless un agreeenent ix nwde�r =
<br /> �.R,,,�,:`'��^�'•� applicable law requires interest to tx puid.I.endcr shull not be reyuireJ to pay Borruwer uny intere.rt or eamings on the Fundti.
<br />..- . k �.,��ti.� .
<br /> Borcower And l.endcr nuty agrcc in writing. howevcr, th•rt interc�t tihall be prid on thc Funds. L.cndcr shull givc to &�rr�►wer, �
<br /> _ti��� . . withou�charge, an annuAf accounting of the Funds, showing cr��dits und debits to the Funds und the pur{xne for which each �
<br /> ' I�`�' debit to the Funds wuti t►l:u1e.The Futuiti ure pleJged as ndditionul ucurity ti�r ull sum.secural by this 5ecurity Instrument.
<br /> ��• � � If the Fundr held by Lender exceed the amnuntti permitteJ a�he held by applicable law.L.e►xler tih•rll account to Borr��wcr
<br /> " : '. � • for the cxcc�s Funds in acconlancc with thc rcyuircnuntti af applir•rblc I•rw. If thc :�muunt ��f thr FunJ� hcld by I.rndcr ut any -
<br /> • time is not suf'ficicnt to pay thc E�crow Itcm�whrn dur. I.cnJrr muy�o nc►tify R�m•owcr in writing.and, in such casr Borr�wcr t�"
<br /> _..:
<br /> ' ' shall p•ry to L.ender the amcwnt neresrary u�muke up the deticicncy. li�irrower shall make up the deticiency in n<► more than �
<br /> � twelve mc�nthly payments,at L.ender's soly discretion.
<br /> • '+` ;� U}xin paymcnt in fuU ut'aU sumti .crurcJ My thi� Sccu�ity Imtrumcnt. I.cnJcr shall prcimptly rctimd to &irrowcr any
<br /> Fund,hcld by Lcndcr.[f,undcr paragraph 21. LrnJrr.hall acyuirr ur�cll Ihc pro�rty. I.rndcr, prinr tu d�e acyuisition or wlc
<br /> ' of thc Property,shrll upply any Fund�helJ by Lender ut thc timr uf uryuitiition ar tiale•ry a credit against the sums .ecurcd by �~
<br /> � •• thit S�ruriry In�trument. �-
<br /> P' .
<br /> " ' 3.Application uf Payment.r•. Unirtiti appliraMr law•pruviJr+uthrrwitir,all paymcnt�rcrci�•eJ by I.rnJer undcr paragraphs �;
<br /> `'� � 1 anJ 2 shall hc�a licd: first, to an� rc a�mcnt cliar�c.duc unJrr thc Nutc: �cr���xl. tu umuunt, u ublc under .�ra ra h Z: -
<br /> PP > P p > b P Y P' F P --
<br /> ` third,to intcrc�t duc: fourth,to principal duc:and la.t,tu an��latc rhargc+duc undcr thr Nutc. �.u`,:.
<br /> , � � ' t 4.Ctwr�es: I.icnti. Borroxrr .hull pay all taxc,.a,�c..mrnt.. rhar�c.. finc. and imEx�.iti��n�attributaMr to thc Pruperty �:,
<br /> _ whirh msy attain pri�xity o��cr Ihi� Srcurity In.trumrnt. and IratictwlJ paym�nh ur gruund rentti. if'any. &►rn�wrr,hall pay °-
<br /> thesc obli�*,aticm.in thc mannrr providc�l in paragra�+h 2.ur it nut paid in that mami�r. f3urruucr,hall pay thcm�m timc Jirectly ;:
<br /> ' to:hc pcnon uwcd paymrnt.Borrua•cr.hall prumpN�• turni,h lu Lrn�rr all nnticr. ul xnuwnn t�,lk rai�l undcr thiti paragr•rph. �
<br /> If Borr�iwcr makrti thr,c paymrm,dir�rtl�.Barrua�rr�hull pr��mptl� lurni�h tu Lcn�lrr rir�ipt�r�•idcnring thr paymc-nt,. ='-
<br /> . •..,���. H��rruwcr tiliall prom�dy dixhurgr an� lirn whirh hu.priurity o�•rr thi�Srrurit� hi.trumcnt unlrti�l3�irruN•cr:(ul agrcey in �!::
<br /> ' � writing to the paytnrnt ul'the i�bligation�crured My thc li�n in a mannrr.urrptahle[o Le�1dLT:lb)enllit�I�i�l f!exxl C:►ilfi[h�IiCn �-'-
<br /> �`^�=`�,. by. llf(It�C�HI1 :1�!:tltl\I enti�rcemrnt o( the iirn in. Irgal pr�kcrding� which in thc l.crxirr'+ ��pini�m ci�xr:Ur ta pmvent the
<br /> y :*� cnlurccmrnt ut'thc licn:ur Ir► xcure�from thr h��ldrr uf thr lirn an agr�rmcnt ,ati,l:��tun tu I.rndcr wtxirdinstin�the (icn tu .�,�_
<br /> . thi.Security In,trumrnt. If Lrn�kr deternnne�Iliat an� pcu-t „1 thr Pr�,�xrty i� ,uhjcrt tu a lirn ��hirh ma� uttain priarity uvrr �
<br />-. � thi.Scrurity Imtrununt. [.rndcr may gier F3urruwcr a nutiir id��ntifying�h��lirn. f3nrn���rr.hall +ati.l� thr lirn ur takr oik o� �
<br /> !':
<br /> � � nmrc af thc artiom.et timh�ho�•c w ith�n 10 J:�y,uf thc givmg af nutirr. ��.�.
<br /> r � , Fam 3028 8/90 _ -
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