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<br /> '('OpbTH6R W[TH nl!tita impmvcments now or hercufter erected on the prAperty,and i�ll eaxemente,upp
<br /> urtenuncox, �i
<br /> ; und fiatures now or hereufter a pnrt�f the property. All replacemenGc and additionR ahall nlso be covered by this Secudty
<br /> Inauvraen� All of the foregoing is referted to in this Securiry lnsuument nh the"Ptoperty." _
<br /> BORROWER COVENANTS thnt Borsower is lawfully scised of the estate hereby conveycd and hns the dght to grunt
<br /> zu►d convey the Progerty cu►d lhat the Property is unencumbered,eacept for encumbrnnces of record. Borrower warrnnts nnd : _
<br /> u►
<br /> will defend generatly the tide to the Propeny against all claims and demands,snbject to uny encumbrnr►ces of record. _
<br /> THIS SECURITIC INSTRUMENT combiaes uniform covenants for national use and non-uniform covenants with _ _
<br /> ,, limited variatEons by judsdiction to consdtute e uniform securlry insuument coverins real propertY• � �� -
<br /> U�ppp��1�TAN'fS. Boreowee and I.ender covenane and agme as foqows: , —�—"'�
<br /> when dne the , �.--
<br /> l. Pa��ue¢o?�aas��ad ttaid Intem�st;�re�Yme�Q rau�l La4��hneurg�. Borrower shaAl p�romptiy pay `�• . , �,�
<br /> �rincipad of and inQerest on the c��bt evidenc¢d by the Note and any prepay►Y►ent and late chatges due under the Note. ,
<br /> �. I�1�ap�s��r 1lo�ces r��IIu�snr�mte. Suls�ect to applicable law or to a written waiver by�..eader,�otroH+er sCeall pay to
<br /> �.ender on ttne day monthly payments are�iue mmder the Note,until the Note is gaid in full,a sum("Funds")earl lea ch Id ,�.
<br /> taxes and assess[�eents which may attain prnoriry aver this Security Inswment as a lien on the�pecty:(b)Y earl flood ;.��
<br /> msurance remiu�ns; (d) y y
<br /> payments or gro�end rents on the Propecty,if az►Y: (c) Yeat�Y ha�.a�d or ptopertY � su�, a able b Borrower to
<br /> •�� insurance premiums. if any; (e) Yearly mv��guge insurance premiums, if any: and (� any ' p Y Y .�'
<br /> ,;•.<a Lender� in acconlance with the provisions of parugraph 8.in lieu of the payment of mortgage insur.::�ce premiums• 7'hese .
<br /> '� ;°��=~` � items are called"Escrow Items." Lender m�ay,at any time.caUect and hold Funds in an amount not tn exceed the maximum
<br /> .:�,�>.�?;::1'.;• . . -
<br /> "�°y�'`• •: ' °" amount a lender for a federally related mortgage loan may reyuire for Borrower's escrow account under the federal Real ,, `� Y�+��
<br /> " ��`.� Estate SeWement Ptacedures Act of 1974 as amended from time to timc, 12 U.S.C.§2601 er seq. ("RESPA").unless another ,,, . ,�.
<br /> law thnt applies to the Funds sets a lesser arnount If so,L.ender may,ui:�ny dme,collect and hold Funds in an amount not to .,�:�:�:;�»�_:
<br /> � •:�?�,�;; ..�•..
<br /> ,,.�, � ' ' i exc.eEd the lesser amounG I.ender may eswnate the amount of Punds due on the basis of curn:sit data and reasonable � J ;: .•,;,.,:: h,���m�.
<br /> �>'.l� , E;umates o f expen di t u r e s o f f u t u r e E s c r a w I t e m s o r o t h e n v i s e i n accordance with a p plicabtc law. F � � ,�'� a ;
<br /> '�:�':' ds shaU be held in an insueuuon whose deposits ate insured by a !'i�lerai agency,instrumenta licg�,.�r. en t i t y ,�, ':s�� t 3-l�;�{� d A�
<br /> � �, The F�n
<br /> r;.r��' •�.•� I �irkluding L.ender,if I.ende��e�such an institudon)or in any Federal Home Loan�ani�. �.ender shall apply the Fa�::�s to pay 4�. ��,k�s �'� � �<<;,
<br /> '.'t;_c �c
<br />•7y�r�i'; ''.:;;:-�.:•: �tt;e Escrow Items. Lender may n�t char�e Borrower for holding and applyanr the �unds,annualLy analyzing �the escrow s �� ' �k�;l ,�Y,�ky '
<br /> .,�rt�,:'�:�::�:i':i;';i.�, ,. �.'.�. ;��r:'?:,-.J3'�+,-�
<br /> ,�..••, account,or verifying the Fscrow Iteans. •u:.�ess I.ender pays Borro��n:c i�tesest on ihe �nds ancF applicable law permits . .' f:.} . --
<br /> `t��'r�.'`!t'�,����� Leader w make such a charge. Howeves.ixnder may re<yuine Bunawer to pay a one-time c�ack�ior an independent real . ;:�'�;;;,:•��;n�,:;�,�,,;
<br /> .r,.s7���,�••a,�:;?'b.i1"��: ���::�,,< ,�.,L; <i r,.. rm�)�a',��
<br /> : .:;?,�,;,..:�;,^t��r estate tax teporting service used by I..endrs in connectioe���i t h t his lo a n.u n l e s s a p p d i c a bl�l aw�prm�•i�les otherwise. Unless an ;. r ?a,`.`�.;�:°y..
<br /> �, � ��,� t��u,�
<br /> , ,�,�,.�t.)'�•�f up.seement is made or applicaDle Saw rsqunues intereat tm�e�+aid,i.ender shall not be Q:�:;udQed tv��ay Borrower any interest or �� ,,< ,�' {�`°``i '
<br /> ,�; ,�s<"'�.�;t���'; ea►tiia$s on the Ft+nds. ��rrower ar.d Y.enc�tr anay ab ee in.�r�¢ing,ho�ve�¢r.that e�nce�rs�shalC me prdd on the Funds. Lender ���: + �, •. �,���«
<br /> �'•A,,:�� ;.��F�� chall ee�re i�1Basaower.witfcaut chargee.��T1 111T0Il12i c1SCOL1CaBcg af nh:1�w�s:Es,showia��Erea�as nu�d debiis to the�nds and tFc�r ,�.�ti t�'t`f<<t ,ti.;�
<br /> `''�`.�1,4'�i;� p�pose for which eaeh debit to the 1Fau�d� �vas cna�e. n��aaaad.r�:��•;c.;ged as�:::^��.:.�S°=o�r�ec i:ror&II SPlrtS SECUPf(I tiy �_ __�'' '.!_i� ''':
<br /> �4, `
<br /> ,,.;tt;'•;;�;5�i`y�F� thisSecurity Instrumept . . ;.
<br /> .�� � if the Fands heltl by Lender exceed the amounts �Prmitted to be held by applicable law. LeRder sf�alt account to
<br /> ' � Borrower for the excess Funds in accoidance wid►tt►e re4uirements of applicable taw. If the amount of the Fue�ds held by �•�
<br /> Lender at any time is not su�cient to pay the Fscrow Items when due,Lender may so notify Borrower in wriung.and,in . '�
<br /> such case Bomower shall pay to Lender the amount necessary to make up the deficiency. Sorrower shall make up the
<br /> • • deficiency in no more than twelve monthly payments,at Lcnder's sole discretion. " ���
<br /> � Upon paymcnt in full of stll sums secured by this Sccurity Insuumcnt,Lcnder�.shY 1 promptly�re fut d�o�Bo�s tio or ����
<br /> " Funds held by Lender. if,under parugraph 21.Lender shaU acquirc or+cll the Pro rt .Lender,p 9 }�
<br /> ' sale of the Property. shal�aPP�Y +�nY Funds held by Lender at the time of ucquisition or sale us a credit a�ainst the sums ' �
<br /> secured by thix Security Inxwment, � •, '
<br /> � 3. AppllcaUon of Payments. Unlcss :�pplicable law p�o��ides othcrwi.e. all payments reccived by Lender under � .
<br /> puragraphs 1 and 2 shasil be applied: fint. to any prepayment charges due under the Note:second,to amoun�s payable under i ,`�1�:
<br /> �ll ' , paragraph�;third,to interest due;fourth,to principsl due:and i�t,to uny late charges due under the Note. , �, �-
<br /> 4. Charges; Ltens. Borrower shall pay all taxes, ns�estments, chargcs, fines and imposidons attributable to the � ' � ^q::
<br /> property which may attain priority over this Security Instrument.and le:isehold payments or ground renu,if any. Borrower � yb� '�=
<br /> � sha11 pay these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borrower shall pay them on �
<br /> cime direcdy to the person owed payment_ Borrower shall promptly fumish to Lender a11 notices of amounts to be paid under � �,�;
<br /> � this paragraph. If Borrower makes these payments directly.Borrower shall promptly fumish to l.ender receipts evidencing ` -,;,;;; ,
<br /> ,r� .•� the payments. � I ..;�:i`;r`n,� w�
<br /> Bonower s h a l i promp dy di s c h az g e a n y l i e n w h i c h h a s p ri o ri t y o v e r t h is Securit Inswment unless Borrower.(a)a es � 'r ,.`E ' __(�
<br /> in writing to the payment of the obligation secured by the lien in a manner accepwble to Lender.(b)contests in good fai t h t he $ � ,�;,,,�: ;,.:;.., ..�
<br /> •,, ' , lien by,or defends against enforcement of Ihe lien in,legal proceedings which in the Lender s opinion operate to prevent the ;.,::;;;, � �_
<br /> enforcemen¢of the lien;or tc>secures(rom the holder of the lien an agreement satisfactory to Lender subordinating the lien � ��"��:;:;
<br /> to this Sec�uity Instrument If Lender determines that any part of the Propercy is subject to a lien which may attain priority ;
<br /> � over this Security[nsaumen4 Lender may give Borrower a notice identifying the lien. Borrower shall�atisfy the lien or take f.'`'.�
<br />".��' ' one or more of the actions set forth above within 10 days of the giving of notice.
<br /> S. H a z a r d or P r ope rt y I n s u r a n c e• g o r ro w e r t h a l l k e e p t h e i m p rov e ments now existin g or hereafter erected on the � ,
<br /> � property insureci against loss by fire,hazardc included within the term"extended coverage"and any other hazards.inc lu ding �
<br /> floods ot flooding, for whieh Lender requires insurance. T his intiurance .hall be maintained in the amounts and for the
<br /> � Form 3028 9/90 ipuxe 2.�f 6 paResl
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