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<br />" _�_� - . T�HTi3�R�Vi't'tt att thc irreprorc�rtcnu aow o:&�ie�fter c�eeta�an thc ptagei4y.aa9 nll ea�ecffen�.appiuten�aces.und .
<br /> -- --_-_=— � �ixtures now �or ticr.,aftce �s pari of t�e �mpepiy. AS! r�plaoeatferts agil eddltfons r�t`�Isn be iwavercd 6y. ' ...�...;.. �. . '
<br /> _�=_:>=� Instmment.Alt of►he foregoing is refenest to in ti�s$ecarity tns�tsument as ttta'Pro�esty.°`� � �
<br /> -- - ,�� �4RROWER COVENA[�'E'S that Rornswer ls lawfully seis+:d af tEie esta3e t�r�by nanveyed und has s�e ri�ht to graai auct �
<br /> -- - -- oonvey t�e Property�thnt eke Pc�perty 9s urtzacumhered.e�s�ept for encumbr.uices of,record. Ba�rovier waFCSnts antl will ,' '
<br /> _,,,�-,� � defea�di gener,�llty th�ttfle to she Ftogesty agatnst all claims azcd demaads,su6}�t to any ear.�m6rauu�of cesard. • : .
<br /> _=��3- ,�,-� � , 'gliIS SECURTfY 11VS'TRiIMEAtT�sombines umifo�m cove�nts far natiana!use aad nfln-urrifotta covenanrs aiith'Hmit�d . ,
<br /> ��1 . variations by jarisdicdon to coristitute a nnifoim securiry instsument cavering real P�'oF�riY• • .. , �, �
<br /> �t, �.r;�€ ° '
<br /> , .�;�..y � iJNYFORAd�VENANTS.$o�ower aad Lender covenaaf and a�as follows: � � r '
<br /> '�'`,.'�sk� = 3. Fa of mt�l IIIte��ti ��ayat�at�t� I.at���s. E�matsei shalL B��Y��t �`���'-��P
<br /> *��,..wa'�°� j�- , �`� �� � � . . . --- --_..
<br /> �-��,�`s�, pnnciPal of and dnter�st on the�bt evidenced by the Note and anY PT�Paymettt a.�ti Iate sl�arg�s dae un,d.°.r die Nate. . �
<br /> ���: . Z.Fflnds for Tax�and Ins�eanee.Subject to applica6le law or w a vniuen aaiver b}r�nder,Barrower sF�a41 pay to
<br /> _ "�"" ;� Leffi�r on the day moatiilY PaYmeats are due under the Note.until tbe Note ts paid in full,a ss�a("Fu�s°)for:(a)YeartY ta3c� .
<br /> - �P�� . and assessme�s wlucb msy attain griority aver this Sea�riry IastnupenR'as a lie�on t�e Pmperty:(6)Year1Y I���Pa3+��
<br /> _ ��s=- or grouad rents on the Prv�erty,if an�:(c)YeariY hazar@ aT pmp�rty incnran�.premiuDls:�d)Yearly fiood ti�uance Pr�mi�tms;. ., . .
<br />�Y?.!_'J'Li�Y.ii�+�.?.`� .
<br /> _`-�'�`=� ,;f aay;(e)Yeariy mortgage�i�+�Roe p�uuams,if any;and(�any sums payable by Borrower.to t�nder,ui ecxordaace witls ,
<br /> _�,.;,,��y .v� ,s�Provisions of paiagraph S.in tieu of the�mymet►t of mortgage insarance p�miums.These items a�e called�ow Items:."
<br /> ''"""`�`�°� i,�nder may, at any time,col�ect and hold Fuads ia ait aruount nnt co exceed the masinmia►a�vnnt a lerxter for a fedetallp
<br /> _ .�,�
<br /> ;;-�._�_ s�etated mortgage loaa may ieqaire for Sorrpwer's escrow�coouat under the federal Reat Es1��S�ttIement:prcacedunes Act flf
<br /> --_�S?.._��:�s`�� n e
<br /> 4�;� ^.� . .�X14 as amended fmm time to tim�,12 U.S..C. Sectias� 2601 et seq. ( RFSPA },imiess aaotlter law that agpliss to We Fnnds :
<br /> ��;��.� �;. me
<br /> �-,,,;��-�. � ��sets a lessei amount.If sfl.Lender.may,at any ticae,callect and hold FuQds m an amm�nt nat ta exceed the le�er amount. ,``
<br /> _.._L 2��:�3..,� Lender may estimate the a�onnt of Funds di�e on the basis.of c�r[ent data and rezsoaabte estimates of expe4diitnres of futare
<br /> �`���'� Escrow Items+�ff otherwise in accotdance with applicable Law. • �
<br /> fl' �`.,`t s����'� • �The F�.'t�shaU be held in au ins�tution whose deposits�;:a�insund by a feder�l ay:�="�. �nstrumentatity, or er�:y �
<br />..,�:;,):y:��r�i.�'��'a� "'. '
<br />;;;��,•. .-.,,,,f,�;.,, ..(iiicluding f.e�der;if Lencter issnch�ur in5ri�tidn)-os�inany�Fedei�af i�ome Loan Bank:Lendez�l a�rPIy the Fcmds to pfly Q1iee
<br /> �;,_�; _ '�� � � .IEs.,'raw items.Lgader may not cl�arge Sorrawes for bo'.�aad ayplying tt�e Funds.annnatly analyzing ttce�.�row account,or
<br />:,'`.' '�` `"�';' �er.fying tlte Fscraw Items.nntess I.endes pays Sarrs�wr�interest on the Funds and applicable Iaw penmits�er.to make sach .
<br /> "+',..._i�: ,
<br /> - � `,-= a char�e. However, Lender may require Eorrower to pay a one-tiQne chasge for an independent real estate taK�reporting s��se _
<br />: osed �Sy Len��r in connectian.with t4is'1oan; nntess a�sglicxhle!aw provides otherwise. �Tntess an a�nesis is ��.`:a�s.,
<br /> . . 2gJli�bie�aw'requires interest to be paid.Lender shal!"not be reyuired to pay Borrou�er any iTi�sest or eamings on the F��
<br />_ . f` . �1i�srawer aud I.ender may�in writing, however;char interest s6a116e paid ua tfie Fands. I.ender shall g'rre ta Sarcau-er, __
<br /> without cbarge, an annual accounting of the Funds, shawing credits and debits:o the Funds and the purgose for whic$�
<br />- .. .. debit to the�autds was made.The Funds are pledged as additioaal security for ail sums secured by this Security Inswm:nt.`.;�
<br /> � � • � . tf the Funds hetd by Lender exteed the amounts pemutted to be held by applicable law;Lender shall accoum to Borrower
<br /> - ' for the eaceas Funds in accordance with the requiremenu of applicable law. If the amount of the Fuads held by I.eiider at any
<br /> --'���%•',�- dme is not saff cient to pay ths Fscrow Items when due.Lender may so notify Borrower in writing,and.,an such case Borrower �
<br /> �' �`•� : shall pay to I.ender the amount necessary to make up the deficiency. Borrower shali make up the deficiency in no more thaa �;-
<br /> '":•�.:•..•
<br />';;rr.„ :: .. • twelve creontlily payments,at i.endet's sote discretion. �_
<br /> ': � � Upon payment in full of all sums secured by this Secvrity Instrument, [.ender shall promptly refund to Borrower any ,.
<br />- ° ' � � Fund�held by Lender. If.under paragraph 21,Lender shall acquire os sell the Pr+opc;ty.Lender.prior to the acqnisition or sate � -
<br /> `"'�`,�r�'•�' •� of the Property,shall appfy any Funds hetd by Lender at the time of acquisition or sale ac a credit against the sums seeured by -=
<br />"''=; . : . this Securit Insttument. :�
<br /> _:�•��`�:.�_:..'. Y
<br /> � 3.A Itca4ion of Pa ments. Unless a licable law rovides otherwise.all a n�ents received b Lender under ara hs �`'.
<br /> -3�`:"�- P8 Y PP P P Y Y F S�P —
<br /> 'r:1•:�,.:; •
<br /> t and 2 shali 6e applied: first. to any prepayment charges due undcr the Note;second. to amounts payable under paragaph 2;
<br /> --�"�� third,to interest due:fourth,to principal due:and last,to any late charges due under the Note. ��� l
<br /> ���f�
<br />-'-f=='`�- �'' ." . 4.Chatges;Llens. Borrowes shall pay all ta�ces.assessments,charges, fines und impositions attributable to the'Froperty =_
<br />:. ...�..;:�:;:.• _.
<br /> • � which may attain priority over this Security Instrument.and teasehold payments nr ground rents,if any. Borrower shall pay R.;s�B,=
<br /> °' these obligations in the crranner provided in paragraph 2.or if not paid in that manner.Borrower shall pay them on time directly ��+'�!_�_�
<br /> , °._--
<br /> .. , - . to the persore owed payment.Borrower shall promptly fumish to l.ender all natices of amounts to be paid under t6is paragraph. `��*�-.�r�y.
<br />- If Bonower makes these payments directly.Borrowes shall promptly fumish to Lender receipts evideacin�the payments. ' � '����
<br /> , �'. ' Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower.(a)agrees in ���.,���`'-
<br /> _ • �' writing to the payment of the obligarion secured by the lien in a manner acceptable to i.ender;(b)contests in good faith the lien '�.-;"��:• ��
<br /> by. or defends against enforcement of the lien in. legal proceedin�s which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder af the lien an agreement satisfactory to Lender subordinating the lien to . ' .
<br /> �;� , '.I� " :.°i;,, this Security Instrument. lf Lender deiem�ines that ar►y paR oi the Property is subject to a tien which may attain priority over .. � �
<br /> ..• this Security lnslrument. Ilender rttay gi��e Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or '. � _
<br /> _;;,;�;,�;� ' more of the actions set forth above within l0 days of the giving of notice. � �
<br /> =`::+�.�,'x: '� Form3028 9/90 '
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