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<br />.-;•;;�:-�*'�.�'f.�)•�, 'i'QGL?'PHFIi�1/!7'H c�ll ehe impravcinents now on c�reattcz cra;tc:d un th%',pI0pCliy��'.i�f�al�eL!SCillcnts,a,��r�i�tc<<aacc7, snt! _
<br /> ; • � fixeuies na�� or h•:�c.7i'tcr u ��a�-t af tlic �r•o��rty. /►II rcZil�:c:.+ncut� n►ul i:dditiQns sirll ats+; l�� suv�:•c�i l�y thi:� C,cu��iiy :
<br /> ." I Ynr.t�w;tttit. Pdl of tlic fnr;,�;nim�ir,��fetircd to iu thi�c Scctu�ity Iii�t�ar�lc:��t�i�;tiiti "t'e•op�stY•" : .
<br />_,,�il�, : .. ,.F:� t3UitE:QC✓�P.CO°JNN�1�71'a thnt Uurro�vcr is la���t'ully sci::cil of iitc cstate i�c��cUy convcycd,uid h:is ti��►i�,iu tc�1,ranA c u�1
<br /> y`;.::;,:1;;:��;�„i.;z:,� couvey die Nroperty 1nd that die Pmperty is unencurnbercd, except for encumbrm�cas af�•esord. D�reo�vcr war;ants �ind �vill h'"_..:
<br /> �''f�`;�� .':�Y��s�Sr;� dci'en��eucrally tlie titic ta thc Property n�ninst all claims and demands,subject to nny cncumUrances nf record. _
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<br /> - 'I'l115 SE�U[tI'fY [NSTRUMBNT ca�nbines uniform covenants for natiunal use an�non-tmiforni covcn�nts �vitli li�ni�cd
<br /> ;s�`�;.::�,-.��i:�::�."•� variatiuns by j►n�isdiction to canstitutc u uniform sccurity instrumcnt covcrin�rcal property. ��,«,p_
<br /> °-----— UNIPORM COVENANTS. klarcowcr und l..cnder covenant and agrcc as follows:
<br /> —� - _— 1. Paymeizt af 1"rintl�ul mnd Intereet; 1'renuyment ae►d Lnte Chacses. Horrowcr shall promptly pay when duc die
<br /> -`��'f=`_�}�� principal of and intcr�t on the debt evideneed by die Nate and uny prepayment und Inte charges due under the Notc.
<br /> � ------ 2. Funds for Tnxes und Insurance. Subject ta npplicable Inw or to n writtcn waiver by Lender, Horrower shall pay to
<br /> -_�P=v�,�;:j� Lcnder on the day monthly payments�►re due under thc Note,ur�til the Notc is paid in full,a sum("Funds")for: (a)ycarly taxes �
<br /> ='"�� � and nsscssmcnts which may attain priority over this Security Instruincnt as n Nen on the Property;(b)ycarly Icascliold paym�nu
<br /> ��°�� or ground rents on the Properey,if any;(c)yetu'ly h�rd o:property insurance premiums;(d)yearly fluud i�isurance pre�uiums, -
<br /> _=-H=';:`;;�,� if any: (e)yearly mortgage insurance prc�hiums, if uny; und(�any sums payAble by Borrower to I.cnder, in Accordmue witn
<br /> `�"� �'`.'��;� tlie provisions of paragraph 8, in lieu of the paymcnt of mortgage iusurance premiums. These items are called "Escrow items."
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<br /> , ,,�_ < �A Lender may. nt any time, collect and hold Funds in nn nmount not to excced thc maximum a�nount a lender for n fcderully =
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<br /> - : •,• - �;� rclatecl mortgage loan may require for Bonower's escrow account un�er the federal Real Estate Setdement Procedures Act of __
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<br /> -.. _�-. 1974 as amcnded from timc to time, l2 U.S.C. Section 2601 et seq. ("RESPA"), unless anothcr law that upplies ro the Funds
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<br /> _ �- • seits a lesser amount. If so, I.ender may, ut any time, collect und hold Funds in an amount not to exceed the lesser amount. ���
<br /> �".' ' ���r�� Lendcr niay cstimate the amount of Funds due on the basis of current data and reaconablc estimaees of expcnditures of future ,��Y�'
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<br /> __� Gscrow Items or othenvisc in accordancc with applicnblc law. --
<br /> 'Che Funds shnll be held in an institution �vhose deposit� arc insured by a federal agency, instrumentality, or entiry !��'`
<br />-_ ,'.' `_ 5`�`�,;: (including L.ender,if L,ender is such nn institution)ar in any Federal Home Loan Bank. Lender shull apply the Funds to pay the ��'r::`'.
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<br /> • Escrow Items. L.cndcr may not char�e Borrower for holding and applying tlie Cunds,annually analyzing the escrow nccount,or �','.�:•
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<br /> � . verifying the Escrow Items,unless Lciider pays Borrower interest on the Funds and applicablc law permits L.ender to make such •,�;,:
<br /> . . „:''._ . a chargc. However, I.endcr may rcquire Borrowcr ta pay a onc-timc char�e for an indepcndent rcal estatc tax reporting servicc _`.�
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<br />,�, , . used by Lender in conncction with this loan, unless applicublc law provides otheiwisr;. Unless an agrcement is made or •
<br /> '' ° '. � " applicuble Inw requires interest to be paid, I.cnder shall not be required to pay Borrower any interest or earnings on the Funds, ;;;,s
<br /> , . Borrowcr and l.ender muy agree in writing, however, that interest shall be paid on the Funds. I.endcr shall�ivc to Sarrower,
<br /> , - � -- withmit ch�rne. an annual accountine of the Funds, showin� credits and debits to the Funds and the purpose for which each �`
<br /> . _. __ .. . .. -
<br /> .� " debit to the Funds was tnade. 'fhe Funds are pledgcd as additional security for all sums secured by this�ccuriry instrument. �"',
<br /> � ° , If the Funds held by Lender exceed the amounts permitteci to be held by upplicuble law, I.ender shall account w Borrower ;�:
<br /> • for the excess Funds in nccordance with die rcquirements of applicable law. If the amount of the Funds held by Lender at any „�;
<br /> time is not sufficient to pay the Escrow Items when duc, Lender may su notily Borrowcr in writing. and, in such case Eiorro�ver � `:"
<br /> ` shall pay to L.ender tl�c umount neccssary to makc up the dcficiency. Horrowcr sh;ill mukc up thc dcficicncy in no more chan • .
<br /> . �� twelve m�nthly payments,at L.cndcr's sole discretion.
<br /> Upon payment in full of all sums secureJ by this Security Instrumcnt, Lendcr shall promptly rcfund to Borrowcr any .:��.
<br /> Funds hcld by Lcnder. If,under paragraph 21, L.ender shall acquire or scll the Propeny, Lender,prior to thc ncyuisition or sale •,
<br /> ; � •� of the Property, shall upply uny Funds held by L.ender at the time of acquisition or s11e us a creclit against the sums secured by �
<br /> this Securiry Instrument.
<br /> 3.Applieutton of Poyments. Unless:�pplicable law provides otherwise.all payments receiveci by Lender under paragraphs �
<br /> ' ' ! ' 1 and 2 shall be applicd: first, to any prepayment charges duc under the Nute; second, to amounts puy�ble under paragraph 2:
<br /> ° " third, to interest due;fourth, to principal duc;and last,to any lute charges due under the Note.
<br /> •�� � , 4.Charges; Liens. Borro�vcr shall pay xll tuxes, assestiments, charges, fnes snd itnpositions attributable to the Property
<br /> � which may attain priority over this Sccurity Instrument. and lraschold payments ur�round rents, if xny. Borro�ver shall pay
<br /> • � thesc obligations in the manner provided in paragraph 2,or if not paid in thut manncr, Borrowcr shall pay them on time directly
<br /> �� ro the person owcd payment. Aorrower shall promptly furnish tu Lender all noticcs of amounts to be paid under this par�gruph.
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<br /> ° [f Borrower makcs these payments Jirectly, Borrower shaU promptly furnish to I.,e:ndcr receipts evidencing the paymcnts.
<br /> - Borcowcr shall promptly dischargc any lien wh:rh has priority ovcr this Securiry Instrumcnt unless IIorrowcr: (a)agrccs in
<br /> ' " • writing to thc paymcnt of the obligation secured by thc licn in a munncr acccptablc to Lcndcr:(b)contcsts in good fuith the licn
<br /> '.�`��-: ,.. by, or defends against enforcement of thc lien in, Icgal prciceedings which in the L�nder's opinion operate to prevent the
<br /> enforcement oF the lien:or te:)sccures from thc holdcr af thc lien an agrcemenr satisfuctory w Lender tiubordinating tl�e licn to
<br /> ��� ,. ., � this Security (nstrumcnt. If L.cndcr dctcrmines that any purt of thc Properry is subjcct to a licn which nrry attain oriority o�cr
<br /> ' ' ' this Security Instrument, Lender may give Borrawer a nutice iJentifying the lien. Borrower shull sxtiafy the lien or tnke onc or
<br /> .i. _ " more uf the actions sr,t forth above within I U days of thc giving of nutice.
<br /> �� � Form 3028 9/90
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