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<br /> � � T0t3ETH�l1 yVITF1 all the improvc��nts Row on c�renfter crec�eA an the progerty,nnd ail euscmentx,wppu�tenanccs, '
<br /> - wid pxtures now or hereafter n purt of tho property. All replacemen2s and addittons sl�a11 slso bu covered by this Secur[ty
<br /> Jastruman� All of tha.orc$olag is rcfernd W In thls Securlty lastrument as the"Propetty."
<br /> BORROWBR COVSNAIVT3 that 8orrowcr is lawfuqy scised of the e�tate henby conv�yed nnd bes tha dght w grant
<br /> and convey the Property acid that the Property is uaencumbered,except for encumbrnaces of recard. Honowsr wan�attts and
<br />— a=_ -- wiil defend gener�tiy tha d8e w tho Propeciy agai��at e11 ciatms end demartds�subJcct to any encumbrances of recard
<br /> _._ —.--_� TH13 SECURITY iNS7'[tUMENT comblrr�s uniform covenanta for national uso and non-unlforra covennnts wlth �
<br /> — flmited varladons by jadsdicdan to conodtau a uniform sscurlty insuuraent coveriag real prnperty.
<br /> ti (JldIFdRM COVBNAIVTS. Bomower and Lender covenant and agrce as followa:
<br /> � ; l. P�yment ot Prtncipstl and Interc.s�Pe�e�syment�u►d Lste Chw�ges. Bomower shall prnmptly pay when due thd
<br /> prinsipal of and interest on the debt evidenced by the Note snd any prepayment and late charges due under the Note.
<br /> 2. F'unds for 11n�ces wid Insurance. Subject to applicablo lsw or to a written waiver by Lender,Sonawer shali pay w
<br /> I.ender on tha day raonthly paymcnts are due ander the Note,unW the Note Is pa�d In fuU,A BUTA("Funds")far.(a)yearly
<br /> �;p taxea snd sssessments which may attein pnodty over this Secutlty Insmiment as e lien on tha Ptopetty;(b)Y�tly leasehotd -
<br /> �'� � paymenta or ground rents on tho Proparty,U any: (c) yeacly hezerd or pmperty inaureuce premlums; (d) yearly flood
<br /> �'' i,nsurance premlums, if any;(e) yearly cnortgage insurance premi�uns, if aay; and(�any swna puyable by Borrower to
<br /> •� L.ender,fn accordence wlth the provisiona of pasagraph 8.in IIeu of the paymeat of mortgage insurartce premiums. These
<br /> ,r; icems are calied"Escrow Items." I.ender may,at any time,coAect and hold Fuada ia an amouat not to exceed the maxitawn
<br /> � ; amount a lender for a federally related mortgage loan may require for Bortower's escrow account under the federal Real
<br /> • Estate Settlement Procedu�es Act of 1974 as amended from dme to time, 12 U.5.C.¢2b01 et seg.("RBSPA").ualess anotker
<br /> ,�r,�,;,.__,�, •..,�; law that applles to the Funds seta a lesscr amount. If so,I.ender may.nt eny dme,coilect and hold F1wds in an amount not to _
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<br /> w���— exceed the lexser amoun� L.ender may esdmate the amount of Puuds due on the basis of current data aad reasonable
<br /> . �::��•,,��, .,f;. .t`•: eatimates of expendItures of future Fscrow Itema or otherwIse in accordauce wIth appUcable aw. ___
<br /> The Punds shall be held in an insdtutioa whose depostts are insured by a federal agency. instrumentaliry,or endry
<br /> � ��;."� (includtng Lender,if Ixnder is such an instltudon)or in any Federal Hume Loan Bank. I.ender shall apply the Funds to pay
<br /> � •}` the Escrow It�ms, I.ender may not chargc Borrower for holding and applying the FUnds,annually analyzing the escrow
<br /> ! �� account, ar vedfyfng the Escrow Items, unless Lender pays Borrower interest on the Ptm ds an d app l ica b le law permits
<br /> '` � Lender to make such u charge. Howevcr, I.ender may�quire Borrower to pay a one-dme charge for an indepeadent real _
<br /> � estate tax reporting servtce uFed by Lender in wnnecuon wIth this loan,nnless applicable law providea otherwise. Unless an
<br /> . agreement is made or applicable Iaw requires Interest to be pnid.Lender ahall not be required to pay Borrower any interest or _
<br /> earnings on the PUnds. �orrower and Lender may agcee in wrIting,however.that Interest shaU be paid on the Funds. Lcnder —
<br /> • '� shnll�tve to Botrower,without charge,an unnual accoundng of the Funds,showing credlts and debits W the Funds and the —
<br /> � � " " " purpose for which each debit to thc Flmds was made. The�nds are pledged as addttional secudty for all sums secumd by �
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<br /> " this Security Insuument.
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<br /> If the Flmds helil by Lender exceed the amounts permitted ta Ge held by epplicable law, Lender shall account to __
<br /> - � ' Borrower for the excess Funds in accordance with the requirements of appiicable law. If the amount of the Funds held by ��--
<br /> • � I.ender at any tlme is not sufficient to pay the Escrow Items when due,Lender may so notify Barrower in wridng,and.in --
<br /> � „ such case Borrower shall pay to i,ender the amount necessary to make up the de�ciency. Boaower shall make up thc
<br /> ' � deficiency in no mare than twelve monthly payments,at L.ender's sole discretion. ,.
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<br /> , , . : . . ;..._. . ... t1pon�•ayment io full of efl sumx sec�►recl hy thfc Secu�lty instrument.Lender shell prompdy refund to Bonower any ,�
<br /> � Funds held by L.ender. If,under paragrnph 21,Lender shalt acqutre or scl!the Property,I.ender,prlor to the acquisWon or
<br /> ' �� sale of the Property. shall apply any Funds held by L.ender ut the t�me of acquisidon or sale as a credit against the sums
<br /> �. secured by this Securfty Instr�ment. �
<br /> 3. Appltcation of Peyments. Unless appiicable law provides otherwise, all puyments received by Lender under
<br /> -_" � paragraphs 1 and 2 shull be applied:Crst,to any prepayment churges due under the Note;second,to nmounts payable under
<br /> " parasraph 2:third,to interest due;fourth,to principal due;and I�.st,to any late charges due under the Note. .
<br /> /.• 4. Cherges; Liens. Borrowcr shull pay ull taxes, a+sessments, char�es, f3nes nnd imposidons attributable to the
<br /> � Property which may attain pdority over this Security Instrument,and Icasehold payments or ground rents,if any. Borrower
<br /> • �r shull pay these obligutions in the manner provided in puragraph 2,or if not puid tn that munner,Bonower shall pay them on
<br /> ttme directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of umounts to be pnid under
<br /> � this paragraph. !f Borro�ti�er makes tl:ese payments dtrecdy,Borrower shall promptly fumish tn T.ender receipts evtdencing _•
<br /> „ the payments.
<br /> Borrower shal!promptly disrharge any licn which has priority ovcr thix Security Instrument unle�s Borrower:ta)agrces
<br /> in wdting to the payment of the obligution secured by the iicn in a munner ucceptuble to Lender;(b)contests in good faith the '
<br /> ' lien by.or defends usuinst enf�rcement of thc lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> , „ enforcement of the lien;or(c)secums from the holder of the lien an ngreement satisfactory to Lender subordinating the lien •
<br /> �� • to this Security Inswment. If Lendcr determinex that any part of the Property is subject to a lien which mny attain prioriry
<br /> over this Secur�ty Instrument.Lender mny give Borrower u notice idendfying the lien. Boaower shal!sutisfy the lien or take
<br /> • one or more of the actions set forth above within 10 days of the givin�of notice.
<br /> S. Hezard or Property Insurance. Borrower shall keep the improvcmcnts now existing or hereafter erccted on the
<br /> � property insured against loss by fim,hazards included within the term"extended coveragc"und nny other hazards,lncluding .
<br /> ;� , floods or tiooding. for which Lender requims insurunce. This insurance shall be maintuined in the amounts and for the
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<br /> Form 3028 9/90 (/x+ge 2 rJ6 pagrs)
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