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<br /> 94- 14:�s9s
<br /> ` ; '!'Ai3E'fHER WITH aillhe ymprovemcnt� no►v on c�rcafter crccted on tha properiy,nnd all cuscmente,appurtcnnnccs, -
<br /> V �y�q��,�,i,• und fixtures now on c�rcufter u p.�ut of the propeny. All rcpincementd nnd ndditians Khidl alsa be ciivercd by thia Securiry n. .,
<br /> __ � �� I Instrument. All of the fur¢going is rofarred to 1n thla Security Inswment as the Ptopeety.
<br /> BORROWER COVBNANT3 thut Barrower Is lawfully seiscd of the esutte henby canvcycd nnd has tho dght to grunt
<br /> "' and convey the Propecty► nnd thut the Property is unencumbered,except far encumbrartccw af record. Borc�v►er wUrmnt»und
<br /> will defend generaUy the dQe to the Property ugainst ull cl�ims and demunds,subject ro any c.•ncumbaen�:es uf recard.
<br /> ; , .�� .�,,.w�- TI�pg gECURTI'Y INSTRUMENT combine� uniform covenants far natlonnl uEC uad ncsmunifarm covenunt� with _ __
<br /> r iimited variutions by Juric+�dic[lon co coasticute a uniform security fasaument covering re�l pmperry. � _
<br /> � � UIVIFORM COV6NANTS. Borrower nnd Leadcr covenant end ttgcee ax foAowA:
<br /> ` .r. .�°� 1. P�yment otPrincipal end Interest;�epayme�t wsd I.ate Charges. 8omowcr ah�ll prompUy puy when dua tiio —
<br /> ���' -
<br /> „�*� prlucipal of and inte�est on the debt evIdence.d by�he Note and any pmpuyment and lato charges due under the Note.
<br /> }: : ,. gorrower shall ay tu
<br /> ' i ' � „ •,�:-t� 2. Funds for 7lu�es ond Unsae�utce. Subje�t to appllcable law or w a wr�ttan wAiver by Lender. p ___
<br /> _ a�'� ;`.�;�'i°�.�*f'� I.,ender on t4e day atontttly payments are due uader the Nate.untll the Note Is pald in full.n sum("Flmds")for.(o)ycurly �
<br /> • , ?��A .� t w c e s a n d a s s e s s m e n t s w h t c h m n y n t t a ln prtodt y mer this Securl t y Inswment as u lien an tho Pmparty:tb)yeurly leasehald
<br /> �"��,' + payments or Sc�ound renta on the Property.if any:(c) yearly hazard or property insumnce premiuma: (d) yearly tlood """`
<br /> /1 w �'..����'• insuwnce premtums.if aay; (o) yearly mortgAge insurance premiums, if nny;und(tl any sums payable by Borrower to
<br /> ' :�`"•��^ Lender.in accatduttce with the pmvisiona of psuagraph 8.in Heu of the psyraent of mortgAge insurance premiumx. These
<br /> �� n �, � ;cems are called"6scrow Items: Lender may.at any time.collect and hold Funds in an umouat not to exccett the nnaxlmum �.�
<br /> i�i5:::J.-..;w'.' -_.
<br /> ' � �� „t; .,�•;• amount a lender for a fede�ally related mortgage luan may requlre for Bormwer's escrow account under the federal Real —_-
<br /> ��zt;+�,�•.:' � Estate Settlement Procedums Act of 1974 as amended Prom time to time.12 U.S.C.§2601 et seq.("I�ESPA").unless another
<br /> �'?''""• law that applies to We Funda seu a lesser amoun� If so,Leader may.at any t�me,coUect and hold Funds in an aatount not to _�
<br /> ! �`�-- '�_�''''� cxcccd the lesser aano�nG L.ender may esdmatc the amaunt of Funds due on tha basIs of cucrent data aad reasanuble r,
<br /> "p•�•.,::�;;,-•..
<br /> `'�����'`•"`.,' estlmates of exgendit�u�es of future Escrow Items ar othecw[se in accordance with applicable law. �,�._
<br /> ,.;';n."rJ.:=.:.<.;�, ;
<br /> �.:,.;.;r , :_,., The Funds shall bE held in an instttutIon whose deposits are insured by a federnl ageacy,instrumentality,or entity
<br /> •. (lncluding Lender,if Lender is such an institutIon)or in any Federal Home Loan Bank. I.ender sheU apply the FLnds to pay ��'ti
<br /> .,:ti ' ��^��.^�. "" .�f,• the Fscrow Items. Lender may �tot charge Borrower for holdin�and applying the Funds.annually unalyzing the escrow �-„-^
<br /> � accounG or verifying the Escrow Items, unless LeAder pays Borrower interest on the Funds aad applicable law pecmi9s _,�
<br /> ` ��.', ;...;�.:.,; ....,��``:; Lender to mnll•e such a chac�e. Howevcr, I.ender may require Borrower to pay a one-dme churge for an independent real �R
<br /> �',+:^'.. ..Q estate ttuc reporting senrnce used by Leader in connecrion with thls loan,unless applicable(aw providos otherwise. Uniess an !+i:=
<br /> '���'`` ' agrcement is made orapplicable law req�res interest ta be paid.Lender shall nat bn reyuired to pay Bairower su►y Interest or �.
<br /> ' ':ti'��};'::�' �' ' ; � eamin�e on the Ponds. Borrowet and Gender may agce in wriGng,however,that interest shall be psid on ihe Funds. Lendcr "`"
<br /> '`�i�s:'.�{�t�`',' . ` ,'•-:' shall give to Boaower, without char�e,an annuai accounting of the Funds.showing credits and debits to the Fundc and the ;.,-�:;:
<br /> :•�.ii�tj��rjt.. r:l":,: '
<br /> S��!��s�ly_•�� ' >•��•�. p�(u��rp(o��s�e for which eapc�h debit W the Hlmds was made. The Funds are pledged as additional security for ail aums secured by �;r.,:
<br /> 1 � yy ll UUS AGL���.S�vl�t. 1; _.
<br /> � �'r - if the Funds heid by Len�c cxcccxi tha am�unt� pemutted ta hc hsJd by apglicablc lau. I.ender shal! sccs�t te �i -:
<br /> '`�'" ' Borrower for the eacess Funds ln uccurdance with th�requirements of applicable law. If the amount of the Funds held by ��i=
<br /> - : �" •�� Lender at any time is not sufticient to pay the Escrow Iwms when due,Lender may so nodfy Bom�wer in wridag,and, in �;<<..
<br /> ' " such case Borrower sh�ll pay to Lender the amount necessary to make up the deficiency. Bomower shali make up tho
<br /> � deficiency in no mvre than cwelve monthly payments,at Lendar's soie discretIon.
<br /> ' • Upcm payment in full of all sums secured by this Security Insuument,Lender sh�ll prompdy refund to Hoaower uny ' '
<br /> • Funds hetd by Lxnder. If.under parngraph 21.L.ender shs�tl ucquire or seU the Property,Lender,prtor to the acquisiqon or ,.,
<br />- • .. . , -:," � sale of the Property.shall apply any Funds held by Lender ut the time of acquisition or sale us u credtt aguinst the.r•ums -
<br />_ �,•�- .•:� ., secured by this Secuiity Instrument. .
<br /> ' 3. Appltattlon of Paymenta. Unless applicuble law provides othenvtse, ull paymenGs recefved by Lender under
<br /> ' ���W •r � �� • pnrngraphs I und 2 shall be applted:tirs�to uny prepayment charges due under the Note;second.to amounts puyuble uncler '.
<br /> � • • " � ' ��: pnragraph 2;third.to intemt due:fourth.ta principal due;and ls�st.to any Iate charges due under the Note. a
<br /> b� �' ' • • 4. Cdarges; Idens. Borrower shull pay nl[ taxes.assessments.chargea, fines nnd Imposic�ons uttributable to thc
<br /> ' -f1RIIh�lX�'pY:i •.
<br /> -���.��•r;�:. •� • pi+operty which may attain priority aver this Security Insuument,and lea.tiehold paymentc or ground rcnts.if any. Bomower
<br /> � �•r•r���•,r r��-•, • shaU puy these obli�adons in the mnnner provided i�parugrnph 2.or if not paid In thut manner,Borrower shal!puy them on
<br /> • • �^�+•��• - • dma dicectly co the person owed payment. Borrower shaU prompdy fumish to L.ender all nodccs of umounts to be paid under
<br /> �.�:�:�, this pacagnph. Jf Bomower makes these payments direcdy, Bomower shall prompdy fumish to I.�nder receipts ev�dencing
<br /> � . �- the payments. .
<br /> - ' Bocrower shall prompdy discharge any lien which has priorlty over this Security Inst�ument unless Borrower.(a)agrees
<br /> "'�`•' ;' in writing to the payment of the obligittion secuzed by the lien in a manner acceptable to Lender.(b)contests in good faith the
<br /> � lien by.or defends ageinst enforcement of the lien in,legal proceedings which in the Lender's opin�on operate ta prevent the
<br /> - ��;I� enforcement of the lien;or(c)secures from the holder af the liea an agreement satisfactory to Lender subordinating the lien
<br /> , .,�`�'` to this Security Inswment If I.ender deternrines that any part of the R»pecty is subject to a lien whicli may attain prioriry
<br /> , . :{1• , over tt�s Security Inst�ument.Lender may�ive Borrower a notice idendfying the lien. Borrower shall sarisfy the lien or take
<br /> i ., •., � , one or more of the actions set forth above within 10 days of the giving of norice.
<br /> i � .';:,;.`, • . ;,;,_:,:: g, H�znrd oa Property Insuran�. Bottower shall keep tlie improvements now existing or hereafter erected on the
<br /> �, '�' .• • ' prope�cty insuted against loss by fire.hazands included within the tern►"extended coveragc"and any other hazards.including
<br /> ; ° ., floods or floading. for which Lender requires instuance. This insurance shall be maintained in the amounts and for the
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<br /> ' : Forfft 3028 9/90 (paRe 2 oj6 pagtsl
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