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<br /> - 94� i020►�'�
<br /> TOOETtYBtt WITH all the improvements naw or hereafter erected on the ptoperty,end nit easements,appu�tenences.and
<br /> :����� ftxtures now or herenftcr u part of the property. AU replucements nttd additlons Rhall also be covcred by ti►le Sccuriry
<br /> -- — [nstrument.All of the faregoing!s reforred to in thia Secudty Instrument ua the"Property."
<br /> BQItROWBR COVSNANTS thnt Borrower!s IawfLlly reORed of the estute hereby conveyed and has the�ight to grnnt and
<br /> convuy tha Aroperty and that d�e Property is unencumbered, axcept for encumbrances af record. Bnrrower wanants and wlli
<br /> defend generally the Qtlo to the Praperiy agalnst all claims and demanda.subject to Any encumbrnnces af record. '
<br /> -- _ - °— - TH1S SECURITY IIVSTRUMENT combincs aniform covcnants for natfonul use pnd non-uniform covenas►ta with 1lmital '
<br /> ' ---- - - vadatians by jurisdicdon ro constitute u unlform r,ecudty tnstrument covering reat praperty.
<br /> --- UNiFORM COVENANT3.Hotrawer and l.ender covenant end agree as follows:
<br /> �� 1. Payment of Princtpal and Interest; Prepayment end Late Charges. Aarrower shall promptly pay when due tha �
<br /> �� prirtcipal of and Intecest on the debt evidenoed by the Note and any prepayment und late charges due undar the Note.
<br /> 2. Fupds �or Taxes and Insurauce. Subject to applicable law or to a wrftten wuiver by I.ender, Barrower shall pay w
<br /> , Lender on the day monthly payments are due under the Note,until the Note ls paid in ftill,a sum("Funds")fi►r:(a)yearly ta�ces
<br /> „ and asscasments which may aituin priorlty over thfa Secudty Isstn►ment es n lien on the Property;(b)yearly leasehald payments -_ _--� _
<br /> ' or ground rents on the Praperty,If any:(c)yearly ha7ard or property Insurnnce premiuma;(d)yearly fload insurance p�mfums,
<br /> ' '^�•"•`�'}'''=� ' If an e earl mort a P Y P Y Y
<br /> ti�.�.�. �,• y;( )y y g ge insurance remiums, if an ;and(�any sums a able b Bonower to I.,ender. in accordance wIth
<br /> i �^:.��';'>�- �•=�'_�. the provisiona of paregraph 8.in lieu of the payment of martgage insurancc premiums.These items are caUed "Escrow Items.'
<br /> � +.'.�"'?��-_ ��3� Lender may.at any ttme.coUect and hoId Funds in an amount not to exceed the meximum amount a lender far a federally --__ -
<br /> „ ,,,;�li�i,:` r;; � �v—
<br /> ��-�;�� -••+'-�= related mortgage loan may require far Bonower s escrow account undcr the federal Real Sstate Settlement Procedures Act of
<br /> } " ��"�"' t974 as amended from ttme to time, 12 U.S.C. Sectton 2601 et seq. ("RESPA").unless another law that applies to the Funda �`°`'
<br /> �w�::t` >..�. --
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<br /> . ,`'''�„'� sets a lesser amount.If so, I.ende� may. at any dme, catlect and hotd Funds in en amount not to exceed the tesser amount. - b,:�_; ---
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<br /> `-'-��="`�-='�`�---- I.ender may eu�imace the amount uf Funcis Jue an the busis uP current dain ,��d rr,a�unabic estimates of expenditures af fu[ure
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<br /> `*• Bscrow Items or othenvise in accardance wIth applicabla law. �•,. .-_
<br /> .. � The Funds shall be held in an lnstitution whosc depos[ts are insured by u federal agency. lnstrumentality, or entity �,}� '�` --
<br /> � �• .. , (including L.ender, ff Lender is such an institutian)or in any Federal Home Loan Bank. Lender shaq apply the Funds ro pay the '`;�� T� �
<br /> � Escrow Items. I.ender may nat eharge Borrower far hotding and applyfng the Funds.annually analyzing the escrow accounc.or ; „',�4r�`��
<br /> � ., ' �_ vedfyfng the Escraw Items,unless Lender pays Borrower interest on the Funds and applicable law permits I.ender ta mnke such ' � � ' `�
<br /> a charge. However, Lendcr may requirc Borrower ta pay a one-tlme charge far an independent reul estate tax reporting service ^�'��`��x
<br /> ' •, used by I.endcr in connection with this loan, unless applicable law provtdes otherwise. Unless an agreement is made or ,
<br /> � ,.' applicable law requjres interext to be paid, L.ender shatl not be required to pay Borrower any interest or earnings on the Funds. •. ''�
<br /> .,, Bcrrower and I.ender may agree in writin�, howevcr, thut interest xhall be paid on the Funds. Lender shall sivc to Borrower. • '
<br /> — :� witi�aut charge. an aanual accountin� ot the Funds. �IIOWUl8 CfC(I1�1 11IltI lICZ71�J IV�IIC �U�ItSh N�ItI tltC}1UI�1U.lC fui wliici,rucit ` �'_ -
<br /> " � debit ta the Funds was rriade. Thc Funds are piedgrd as additional security for all sums secured by this Sccurlty Instrument. �� .:
<br /> • � If the Funds held by Lender exeeed tt�e amounts permittecl to be held by applicable Inw, Lender shall account to Ronuwer � �..
<br /> J • for the excess Funds in accordnnce witi�the requirements of applicable law. If the amount of the Funds held by Lender at aay •
<br /> , . time is not suffcicnt to pay the Escmw Items when due.L.ender may so notify Bc�rrower in writin�,and, in such case Bonower
<br /> . shall puy to I.ender the amount neceswry to make up the deficiency. Borrower shall make up the deficiency in no more then � ____ ....._
<br /> � �� twelve monthiy payments,nt Lender's solc discretian. �� ��_ �¢' �
<br /> ' � Upon payment in full �f ull sums secured by this Sccurity Instrument, L.ender shall promptly refund to Borrower any
<br /> „ Funds held by Lender.If,under pura�rnph 21, Lcnder shull acquirc or scll the!'roperty,Lender,prior to the ucquisition or sale �� . ;wx,,,
<br /> of the Pmperty.shall apply any Funds held by L.ender at the time of ucquisitinn or sale as a creciit aguinst the sums secured by ��:+ �
<br /> ' this Securlty Instrument. � •! q� �
<br /> " • 3.A lication of Ps ments.Unlesx u licublc luw rovides otherwi�e, ull u ments received b Lcnder under ara ra hs : '"�'-
<br /> . PP Y PP P P Y Y P 8 P �"�y��-
<br /> I and 2 shall be applied: first,to uny prepuyment charges due under thc Note; scr�md, to am�wnts payublc undcr purAgrnph 2; " � ,��.�J,, .
<br /> third,to Interest due;fourth, to principal due;und lust,to uny lute churges due undcr the Note. ..�' '. '
<br /> ' 4.Chatges; I,iens. Borrower�hull pay ail tuxes, usscssmentx, churges, tines und impo+itiom attributable to the Property
<br /> . " which muy att�in pri�uity over thiti Sccurtty Instrumcnt, and lcaxchold payment���r gmund rents, if any. Bnrm�ver shull pay . • _ . .- ,
<br /> � these obligations in the munner pmvidcd in purugraph 2,or if n<�t paid in that manner.Borrc►wer shull pay thcm on timc directly ' " -
<br /> to the penon owed payment. Bnrrowcr shull promptly furnish to I.cndcr ull noticc.of amount,to bc paid undcr thiti paragraph. .
<br /> . ' If Borrawer makes thesc payments directly.Borrower�hal! prompdy furnitih tu L.cndcr rereipts evidenring thc ptiyments. ' -
<br /> Barrowcr sh�ll prompdy disrhurgc uny licn which has priority�ivrr thi.Sccurity ln.trumrnt untc,s Barn�wcr. (a1 agrcc.r• in
<br /> writing w the payment c�f the�+bligution serured hy the lien in u munner arceptuhle t��f.ender: (h)contetitz in goixi ti�ith the lien
<br /> ' by, or defcnds uguinst enforccmcnt of thc licn in, Icgul prorccdin�+ whirh in thr Lendcr'. opinion uperatr ai prrvrnt the ',.
<br /> enforcement of the lien: cir(�)scrures frum thc holdcr ot'thc lirn an agrcenunt .r:nistart�rr}�tu Lr►xirr,uhordinating thc licn to
<br /> this Securlty Insvumcnt. If 1.enJcr Jctcrmine+thut uny pun of the Pr��pcn�- i..uhjrrt t��a�irn �vhirh m:ty attuin priarity ovcr
<br /> . this Securiry Instrument, LcnJer mi�y give Barn�wcr u noticc idrntifying thc licn. Rorroa•cr shall �ati.t)�thr licn ur tukc<ine or
<br /> ' more of the actions sct forth above within �o avy,��r�i������n��,r�x,e���. �
<br /> � Form 3028 8/90
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