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<br /> "''-��-='�'�� . I'OQg�`f9�R WiY'1�all tho!�i�rmv�menta now or liae�aRer arccte4 an tlio�sr��seri�etld all�iiofMd�i ..
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<br /> -�°�-�- � fl�turar now on c�ncaftoe a pati af tha pmpexty. �11 �:�lac�cfueute.and eddtd�fle at►till slso Ue covcrctl by tliie �u'txarity ---
<br /> "°A���'� Inatniment.AII of tUa P6rngoing is rcfoned ta In thla Sarority Iastrumcnt ns tlte°Pia�erty." �
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<br /> �:=;;r��'��• 80RROWER COVBNANT3 diat Borrowea is lawiWly aeisrd of d�o�.stato hereby oa�nveyed and has tho right to grant atsfl
<br /> .��-_tlr,�'�.�'`�., ... conv�p the Pmpe� aad thnt tbe Pmperty ia unanc�mbered,except for encumbrence9 af�eeord. B�rrower war�ants ancl�vi11
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<br /> .���,4'�:y"."�- - defead generally the title to the Property againsi all claims and demands,eubf xt to any eaar�brautf of recoM.
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<br /> . .:. . .- . THIS SECUf�ITY MSTRLIMENT combivas�miform cavenants fos a3tional nse and tton•uniform oovenants wltt�1Dm[ted —__
<br /> varlatioas by JurlsdictIon W conatitute u uniform sr�curEty Itt�tc�ex►t�nt covertng real Pnoperty --, _
<br /> � '� - UND1�tRM COVBNAIJTS.BO1�WP,S AL•t'���'2P OOYOID.FJO.t 8II�B�IEE AB FOII09V8:
<br /> II, II�g�aynal of�rincf�ul sim�i &�i�u�s/t;��gmna¢v�4 v�m II�t�Charges.�ureav�r c�alQ promgitY g�► w1��►�ue r,�a
<br /> �rLacipa9 aff au��ntea¢scc on tiac d2Qt evi�c�by aha No2e amd a�Y�n�aYment am4 De�e c1�azg�s do�e�a�der¢he N�2�.
<br /> 2.�unds�or�m am�!�msaea��.S�bj�t eo applicable law or to s wanuee�waueEr iby II.¢nd¢s,l�orrn�v,rer sh�ll p�a,y 80
<br /> • I.eader ott che day m�mIIhlY PaYment�am due un�er�x Note.�mtil the Note is padd dun ft�ID.a�uum Q"FY�mds")fmY:(a)yearly taaes
<br /> . � and assessments which may attaiat prdorhy over t�1a Securtry Insmuueat as a lten on t4e�+np$aty: (b)YeaaBy le3schold gayenents °-°-- , -
<br /> �:,,i;t�!�,, or ground n�nts on the Property.if any:(e)Yearly hazard or pmperiy insurance p�miwns:(d�Ye�ly flood insurance pr�a�ums� -
<br /> �'�`.'fti.;, if anyt (e)Yearl{��rt(��.Qe insuran�y�remiums, if any: end(f�aay sums payable bp Barrp�dtr to Lendza.in aoco�+ds��.a with ��-
<br /> ��U�ty:.i ! Ly`� C 7
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<br /> '-'{.`�°�>JS '.. the zovisions of 8.la lleu of the pay�at of mortgage i�suraace premiums.The$e itema ere emile�l 16scno�v IItems.
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<br />'�:;y';�": j�;t�'�j:�� Len3er may,et any dme,collect and hold Fvnds in an affiauat not to e�ecl the maximwa amount a leader for a federallY
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<br /> ��';�,:«��°'"�' related mortgage loan may require far Bomower's escrow axount uader ttee fadetal Real Bstate Seuleme�t Pcor.edur�s�x of - ,
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<br /> - - 'lF:p�p� . 1974 as a��nded fi+om time to tlme, 12 U.S.C. Sectlon 2601 et seq.( RESPA ),unless aaother law thar applles to tiie�l�nds :.L;`:-
<br /> .. , • � sets a leaser amouat. If so, Lender may, at any tlrae, collect and hold Funds in an amount not W eacoee�d tUe tesser asnonnt. .'`=r�
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<br /> Lender may estimate t�ne amount of Funds due on a�ne basIs of current data and reasonable esdmates of�:c�enditumra of future --�'''"
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<br /> `',�� Escrow Items or otherw9se In accordance wtth applicable law. �s A�i;:�;rf^-
<br /> �a � •.�i•��ti�y��i�n:.'.:. Tha Funds shall be held in an insdduion whose deposits are iuswn�d�ny a federat ��emcy, insiaram2ntality. or �adty �• �,I,F; �_-
<br /> � `:. , `.`:.:� �' if Lender is su�zn insHtution)or in any Federal Horue E.uun Bank.Ean�er small apply the Funds to�4�y ttie (� �, ti,::
<br /> ., •,,,�,;,,.:.,,Jr:r <inc1uding I.ender, '�`',�• ..
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<br /> ..� .,E•,i;�;�-`.arrS Bscmw Items.Lender may nos c4arg��3axrower for holding and APPiying t3�e Fu�uds,anu�aal�y analyzing the escrow soc�nn�t.br �l��`t`�;,::;�,r.y:��;�
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<br /> �:. �i`r"`;l•''t`�?�i vertfying the Escmw Items,unless i�.mdar�aps�orrower inter�st on the F�ads amd applicabl�iaw permits Lender to.,,�1� euch ' ^•��;�s �� �'.,.
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<br /> ;,��n,. �� ,,���.�?r','-{ a cbarge.However.IIxm�er ffiay requiee�asao�v�r to pay a om�•dme clnarge 9'or 1n nmde�nd�t real estate tax repording , , �{r",(1��'��'��T:;�°
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<br /> +1��..:.:;��,.} .!�,tt,;i msed by .i,ender in �muscrion wi13x th8s l�aa, �nic,ws ap��icnb9e taw pr��es o�lh�rnrusE, vn�ess an pgte�ament n� �antlx or , �,:,,
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<br /> ,s �, i, { ';.��E' ap�4ica'�3a taw requires interest Yo b�p�i�,Y1m��r a9naD1 mot Q►�rec�.:mred to gay 1B3�rrmmea any �mtea�st ar�g�'vsa�rs:Fvnds. ,! t , u::
<br /> � " ;,!_�+s��',...;`� Bornnwer and I.ender maY agc�e in wrlting, howevex.that 9nterest shall he g�ic1 on IIhe�wt�s.I.eadar �am�tti g��cm�3orrower.
<br /> '''�"r;-r''�';'•+'r�=� withaut charge, aa annl�al accountit►g of the Funds, showtag credits and debies to the Funds and tke p�rpuse for which each � : -
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<br /> ' � debit to the Funds was made.The Funds are pledged as addittonal securlty for all sums secured by this 3ecurity Instrument.
<br /> If the Fuada held by I.ender exceed the amouats permitted to be held by applicable law. Leader shall account to Borrower • :, '�;
<br /> . for the excess Funds in accordaace with the requirements of appllcable law. If tho amount of the Funds held by Lender at any }s?"
<br /> • time Is not suffictent w pay the Escrow Items when due,I.euder may so notify Bomower ia wrldng,aad,ia such case Borrower . . .
<br /> ' shall pay to Lender the amouat necessary to make up the deficiency. Horrower ahall make up the deficieacy in no more than • �
<br /> .� . twelve moatWY PaYments,at Leader•s sole discretion. � �;�,
<br /> Upon payment In fu11 of all sums secured by thia Security Inatrument. L.eader shall prompdy refuad tu Borrower any k��
<br /> Funds held by L.ender. If,uader paragraph 21,I.ender shaU acquire or sell the Property.Leader,prior to the acquisition or sale :
<br /> of the Property. shall apply any Fuads hetd by Lender at the time of acqulsitton or sale a4 a credit against the sums securod by . � .;:�-
<br /> this Security Instrument. _-_
<br /> 3.AppUc�ttoa of Payments.Unless appltcable Iaw provides otherwise.all payments received by Lender uader paragraphc ;�
<br /> � 1 and 2 shall be applied:first,to any prepayment charges due under the Note; second,to attwuats payable under paragraph 2; j
<br /> , third,to interest due;fourth,to principal due;aud last,to any late charges due under the Note. ;-�
<br /> 4.Cdarges;Liens.Borrower shall pay all taxes, assessments.chazges,Rnes and impositions attributable to the Property � �.'�����,
<br /> , ���,:..,
<br /> ., which may attain priority over this Securiry Insuument, and leasehold payments or ground rents,if any. Borrower shall pay . ��:i�• ''�
<br /> , � these obligations in the manner pmvided in paragraph 2,or if not paid in that marmer,Bonower shall pay them on time directly '' „. .
<br /> to the rson owed a ent. Borrower shall rom tl furnish co Lender all notices of amounts to be ud under tlus h. r, •:�;;`�''
<br /> Pe P Ym P P Y P � P��P �,(,.
<br /> � •, If�orrawer maices these payments directly,Borrower shall promptly furnish to Lender receipts evidencing the payments. . �<;;':��; J
<br /> Borrower shall prompdy discharge any lien which has prioriry over this Security Instrument wiless Borrower:(a)agrees in �
<br /> writing to the payment of the obligation secured by the lien in a marmer acceptable to Lender; (b)contesu in good faith the lien
<br /> by. or defends against enforcemeat of the lien in, legal proceadings which in the I.ender's opinion aperate to prevent the �
<br /> enforcement of tiie lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
<br /> ' this Sectirity Instntment. If Lender determines that any part of the Propetty is subject to a(ien which may attain priority over •
<br /> � this Security tnsuument,Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or
<br /> ; � more of the actions set forth above within 10 days of the giving of notice.
<br /> Form 3028 9/90
<br /> i �-6RlPJE)�s�os� Ppx 2 of 8 inc�a+s�
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