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<br /> _ - _ - .�°.:a � 94-�o�za _-�_---
<br /> -��.�"�" TOO�'THBR WITH ell the improvemente now or hereaiter ereated on the pr»perty, and s�c�semente,
<br /> appurtenu►cea,�nd fiYtutea naw or hen�aYtar a part of tha pmparty.All replacaments artd add ti ios�s ehtll slso bo covered —'-��-
<br /> � by thle Seourlty lnstrument.Al1 oi the foregoing te referrod to in thie 8ecurity Instrument as the"Ptoperty"
<br /> .,�, BORRONBR COVBNANI'S thet Borrower is lawtully selsed ai the estate heroby canveyed and has the ri�ht w
<br /> - Rcant and convey the Praperty�►nd thnt the Property ie unencumbered�except ior enaumbrances of record. Borrower
<br /> _ '�, � � __ _ ._.._ a�tr�nta end wilt defend generally the title to the Pmperty against a11 ctaime and dem�nde,subjoat to any enaumbnncas `__,
<br /> af rocord. --
<br /> � ��''`'" "�" ����''' THtS SBCURITY 1NST12UMEIVT c�mbinca uni?ocm cavananta for natlona!uso aed non-unllorm covenanta a;th �- - -
<br /> - �' limited variatlona by jurisdfctton to constttutee uniform seaurIty insuument covering ceal property. --�
<br /> � � ��, LJNIFORM COV8IJANTS.Borroaer and Lender wvenant and age+ee as fallow�
<br /> . :.:.;::f. r„ "-�-
<br /> _ �,.t,. , ;: '.,,Y�.P—=
<br /> � '. l.P�ymeut ot Prinelpat and Interest;Prepayanent sad Late C6arsea.Borc+oaer shall pramptly pay ahen due
<br />- �'��'�� ' ' �. tha pr�ncipal ot and Intere�t on the dabt evidanced by tho Nota and any prepayment and lau chergea due under the Noto. �"'`�"'T,���
<br /> ��� � 2. Funds tor Ta:es and Insuraaco. Sub t to a licable laa or to a wdtten waiver b Lender,Borrowar ahall � <'`'�``�`�D'�^��
<br /> � PP Y ,�,c�,=.�:::.�,�.x.m.
<br /> ° " �• y w Lender on the day monthlypayments are due under tha Nota,until tha Nota is paid in tull�a sum("Funds")for, ' '"`•�vl:a:�:±�:s�� _
<br /> � ��� '� � ��� • �aj yearly taxes and assessmente whiah may attain prIorlty over this Secur�ty Instrument es a Iten on tha Property;(b) '-�;�'��"�%�'="'-
<br /> ° ' ye�rly leaaehotd paymente or und tenta oa the Pro �c)yearly hazacd or � �� _�''°""'`"-
<br /> ;� rt 6ro PMY,ii eny: P�PMY insurance premtume; .-�..t..-•,,;, .
<br /> - . (d)Yearly tlood insurance Iums,ii an � e)yearly mort ,,.,�..;;::�.'^l.:��'�<, •-
<br /> prem y ( gege insurance premiuma,ii any;end(f)any sums payable * ��
<br /> J ° ° " by Borrower to Lender,in accordance wlth the provlslons of paragraph 8,in lieu oi the payment ot mortgege Insurance " ��';�;��� �
<br /> premiuma.These items are celled"Bsarow Itemo."I.ender may,at any tlme,collect and hold Funds in an amount not '�• � � �
<br /> �• r ta exceed the masimum amount a lender for e federelly related mortgage loan may requiro for Borroaer's escrow ."f������
<br /> ° ' eccount uader tha federal Real Eatate Settlement Procodures Act oi 1974 es amended frorn time to time. 12 U.S.C. ��,��`�r����-
<br /> •. .•.� .i.�cwrmr��
<br /> Section?.6{)1 et aeq.("RESPA").unless another Iaw that applies to the Funds sets a tesser amount. Ii so.Lender may. ,.;�°x_-�=s-Y s
<br /> - " - � -- at any time,collect and hold Punda in an amount not to exceed the lesser amount.Lertder may estimate tha amount of '-� ��x�'�"-
<br /> " � , Funds dua on the besia oi current data and reasonable esttmates of expendltures uf future Escrow Items or otherwisa in • �;� -:��
<br /> accordance with applicable law. `"��''`�'
<br /> � � ,. The Funds shall be hetd In an instltutton whose d sits are tnsured b a federal a enc ,instrumentelit �or entlt �'�'�'�'�'"•
<br /> , � Y 8 Y Y 9 � ' :����
<br /> (including Lender.ii Lendar is auoh an inatitution)or in any Federal Home Loan Bank.Lende�shall apply the Funds to ', ;''� �t�
<br /> pay the F.scroa Items.Lender may not charga Borrower for holding and applying the Funde, annuslly analyzing the ,, lf • xf�
<br /> ' escmw account,or verifying the F.scrow Items,unless I.ender pays Bonower interest on the Funds and applicable law . ��,,
<br /> �ermits Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an ��, •_•
<br /> �ndependent real estate tax c+eporting service used by Lender in connection with this loan,unless appiicable(aw provides "'°° �
<br /> . othetwise.Unless en agreament is made or appIIcable law requires interest to be paid.Lender shall not ba requtred to •• �-
<br /> pay Borrower eny interest or earninga on the Funda.Borcower and Lender may agrea in writing.however,thet interESt . 'i•_,`� �'; _
<br /> — ---- ___---. shall be pa':d an thc Funds.Lettdcr shall gi1e ta Borraacr.aithovt chargc,aa annua!accavnting ai thc Funds,shoasng - - `"
<br /> credita and debits to the Punds and the purpose for which eech dobit to the Funds was made.The Funds are pledged as '
<br /> additional securit y tor all sums secured b y this Securit y Instrument. 'L "�
<br /> If the Funds held by Lender exceed the amounts permitted to be held by appliceble lsa,Lendec sheq account to
<br /> ' Borrower Yor the excess Funds in accordance with the requirements ot applicable Iaw.If the amount of the Funds held •• •���°
<br /> by Lender at any time is not sufiicient w pay the Esctow Items ahen due,Lettder may so notify Borrower in writiag, __`��• .
<br /> end,in such cese tSorrower shail pay to l.ender the amount necessary to mako up the deficiency.Borrower shall make �� �-� ��
<br /> up the deficiency in no more than twelvo monthiy payments,at Lender's sole discretion. �
<br /> Upon payment in full of all sums secured by this Se�urity Inatrument,Lendet shall promptly refund to Borrower r �
<br /> any Funds held by I.ender. If, under paregraph 21, L.ender shall acquire or sall the Property. I.ender, prior to the �� � � �;� ;
<br />' acquisition or sate of the Froperty,shall apply any Funds held by Lender at the time oi acquisition or sale as a credit � . t
<br /> ��;� against the sums socuted by this Se�utity Instrument. . .
<br /> :, 3. Application of Paymeats. Unless applicable lew provides otherwise,all payments received by Lender under , � `��•� A=
<br /> . :�;..
<br /> ,f paragraphs 1 and 2 shall be applied: first,to any prepayment charges due under the Note;second,to amounts payable ,,:•�y/`
<br /> under paragraph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note. :,,; ,
<br /> � 4. C6arges; Liens. Borrower shall pay all taxes, assESSments,charges, fines and impositions attributable to the �
<br /> , Property which may attain priority ovcr this Sccurits• Instrument,and icasehald payments ar ground rents, if any. .• � ,
<br /> ,. ' Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower I '�' •
<br /> . shall pay them on time directly to the person owed payment.$orrower shall promptly Iurnish to I.ender atl notices of i
<br /> amounts to be paid under this paragraph.If Borrower makes these payments directly,$orrower shall promptly furnish
<br /> � �
<br /> , to Lender receipts evidencing the payments. . �
<br /> Aormwer shall promptly discharge any lien which has priority over this Security�Instrument unless $orrower. (a) ' �
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in '
<br /> ��� . � good faith the lien by.or defends against enforcement at the lien in, legal proceedings which in the I.ender's opinion ;
<br /> operate to prevent the enforcement of the lien;or (c) secures from the holder of the lien an egreement satisfactory to
<br /> Lender subordinating the lien to this Security Instrument.If I.ender determines that any part of the Property is subject
<br /> � to s lien which may attain priority over this Security Instrument, I.ender may give Borrower a notice identifying the '
<br /> -; lien.Borrower shall satisfy the lien or take one or more of the actions set forth abo�•e within 10 days of the giving of
<br /> notice.
<br /> ; � � '
<br /> ' �i –8R(NEl�a+osio� Form 30Id 9/90
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<br /> � Inittele:
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