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<br /> + , .. . � �94-1U'7��'7
<br /> � �CiRTHF.R WITH all the ivaprovements now or hmreafter aract,cd oA tha properiY�eud ul�c,asemente,appurten�nsc�,�nd
<br /> �xtu�es► naw or hereaRer a part oP tho pmperty. All replaeemtnts �nd additIons ehaU ulso Ise cov�red by thib Security
<br /> i Insirument.All af thc furcgofng is refctted to in diis Security Instrumcnt as thc"Praperty."
<br /> BORR(�WBR CUV6NAIVT3 thut Aorrowcr is lawfuliy aeisc,ci of thc cstutc hcrcby convcycd nnd I�u.�thc riBitt to�rau a�xt
<br /> cnnvey the Pcoperty und thnt the Property is unencumbercit.exccpt for encumbrances af cernrd. Borrowtr warrant»and wili
<br /> defend�enerally the title ta the Praperty a ainst all rlulms t►stcl dematxlt�.subjcct ta m�y encumbr�nces of rea�rd�
<br /> TH1S SRCURI'�Y INS'fRUMBNT�mbinen unlfarni covenante for nadonul use und non-uniforn�cavNnant�s with Iimtted
<br /> vnriiulons by.�u�lsdtction tn r�ngtitutc a uniform ticcurity instrumcnt rnv�ering rca!praperty.
<br /> UNIFORM CAVBNANTS.A�r7awer und Lcnder coveaant und ugrco us follawa:
<br /> 1. P�yment of Princippl�nd Inte�stt P�'�pAyment and l.otc Charges. Barrawcr Fhult pramptly pay when duo �ho
<br /> � princip�l of a��d intercst an the debt evidcnccd by the Note uud ur►y prepuymcnt and late rharges dua undcr the Nate.
<br /> 2. Funds[Ar Taxes and Insurana�. Subject to applicuble law ar ta a wrinen waiver by Ls:nder. Barcawer shull pay ta
<br /> l.�ender an tt�e day monthly payments are dae undor the Note,until the Note is paid in t411.A sum("Funds"y for:(o)yearly ruxes
<br /> i und assessmentR which muy attuin prioriry over this Security Instrument us a tien on the Property;(b)yenrly leasehold paymente
<br /> or ground rents on the Property.lf any:(c)yearly howrd or properry insumnce premiums;(d)yearty tlood insuruncx ptrrniums,
<br /> � if uny: (e)yearly mortguge insurunce pmmiums.if uny; nnd(� any sums pnynble by Borrawer to Lender. in accardurtce with
<br /> ; the provisiona of paragruph S. in lieu af the paym�nt of mortgnge insus�r►ce premiums.These items are called"Escrow Items."
<br /> ; l.ender may. ut uny time, collect und hold Funds in an amaunt not to excecd the maximum nmount a lender for a federalty
<br /> � related mortgage loam m�y require for Borrower's escrow uccaunt under the federal Reai Estute Settlement Procedures Act of
<br /> � 1974 ns amended from time to time. 12 U.S.C. Seetion 2601 et seq.("RESPA"),unless another law thut applies to the Funda
<br /> i
<br /> , aetc a I�ser umount. If so. Lender mny, at any time,c,�llect and hald Funds in aa amount not to oxceed the lesser umount.
<br /> � 1.ender mny estlmate the amount af Funds due on the basis of current data and reusonable estlmates of expenditures of future
<br /> � Escrow Jtems or otherwise in uccardunce viith appllcable law. •
<br /> The Funds shall be held in an institudon whose deposits ure insured by a fe.ieral agency, instrumantaliry, or entity
<br /> (including Lender,lf I.ender is such an institution)or in any Pederal Home Loan Bank.Lxnder shall apply the Funds W pay the
<br /> Escrow Items.Lender may not charge Borrower for holding cind upplying the Funds.annually analyzing the escrow account.or
<br /> verifytng thc Escrow Items.unless Lender pays Borrower interest on the Funds und applicuble law permits Lender to make such
<br /> a charge.However,Lender may require Borrower to pay o onc-time charge for un independent real estate tax repc�rting �ervice
<br /> us�d by Lender in connection wlth this loan. unless appltcable law provides otherwise. Unless un agreement is made or
<br /> applicable law requims interest t�be paid. I.ender shnll not be required to pay Barrower any jnterest or eamings on the Funds.
<br /> J Borrawer ared Lender may ugre� in writin�,however,thnt intcrest shall be paid on the Funds. Lender shall give to Borrower,
<br /> :�iihnut rharge, an enn��al ncc.�,un�ine�f the Funds. showing credits and debits to the Funds and the purpose for which each
<br /> debit to the Funds was made.The Funds ure pledged us additional securiry for itll sums secured by this Secu�ity Inswment.
<br /> �, If the Funds held by Lertder exceed the nmounts permitted to be held by applicable law. Lender shall uccount to Borrower
<br /> �y for the excess Funds in accordunce with the requirements of applic�ble Inw. If the amount of the Funds held by Lender at any
<br /> + time is aot sufficIent to pay the Escrow Items when due.I.ender rnay so�x►tify Borrower in writing,end.in such case Bocrower
<br /> ;!�,!
<br /> �; sh�ll pay to Lender the amount necessary to make up the deflciency. Borrower shall make up the deficiency in no more than
<br /> . '� "' twelve monthly payments, at ixnder's sole discretion.
<br /> ., Upon payment in full of all sums secur�cl by this Security Instrument, I.ender shall promptly refund to Borrower any
<br /> � Funds held by Lender.If. under para�taph 21. Lender shall ucquire or seli the Property.Lender.prior to the acquisItion or sale
<br /> of the Property. shall uppty uny Funds held by Lender at the tim�of acquisition o:sele as a credit a�ainst the sums secured by
<br /> this Secudty Instrument.
<br /> 3.Applleation of Payments.Unles�applicabie law provldes otherwise,u!1 payments received by L.ender under paragraphs
<br /> � 1 end 2 shall be applted: tirst.to any prepayment churge�due under the Note; secund,to umounts payable under paragraph 2;
<br /> thi�d,to interest due;faurth,to principa!due;and last,to any late charga due under the Note. r�
<br /> 4.Char�es;Liens.iBormwer shall pay alt taxes, assessments,chnrges,fines and impositions uttributable to the Property
<br /> ��. whIch may attain pr�oriry over this Socurity Instrument, and leasehold paymenGc or ground rer�ts,if any. Horrower shall pay
<br /> '� '�� these obligations in the manner pmvlded in paragraph 2.or If not paid in that munner,Borrower shall puy them on time direcdy
<br /> •�•�.: ..
<br /> �`_,�*.,�„��`�` tn the person owed payment. Borrowcr shatl pmmptty furnish to Lender all notices of amounts to be paid under this paragraph. %��
<br /> . �� `•°'n� If Borrower makes these payments directly.Bonower�huU pmmptly furnish�o I.ender receipts evidencing the payments. ��
<br /> }-•� Borrower shall promptly discharge any Iten which has priariry over this Security Instrument unless Borrower:(u)a�rees in
<br /> ��� writin�to the payment of the obligation secured by the lien in u manner acccptable to Lender:(b)cuntests in good faith the lien
<br /> �- '.�;��;.. "
<br /> •.� �"�: ;. by, or defends against enforcement of the lien in, le�nl proceedings which in the Lender's opinion operate to prevent the �; �
<br /> , ��•.,h,
<br /> F�` ' enforcement of the lien;or(c)secures from the holder of the lien an Agrcement satisfactory to[.ender subordinating the lien to '' �
<br /> �` this Secudty Instrument. if I.ender determines that any part of the Property is subject tu a lien which may attuin priority over
<br /> ;;d�„ this Security Instrument.Lender may gfve Bonower e notice identifying the lien.Borrower shnll tiatisfy the lien or take une or
<br /> : 'r?•'��>" more of the actions set forth above within IU days of thc giving of�ot[ce.
<br /> � t. Fortn 3028 9/90 �,
<br /> y ' �, Papo 2 ot 8 ?� .
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