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<br /> ' TCI4ETHER W1TH nU the improvcmcnts now on c�rcaQcr erccted on thc pr��perty,and all cascuicn[s, uppurtcnanccti,a�zd .r '.,.
<br /> , �.� , fixwres nrnv or hereafter a part of the propci�ty. AU reptacements and additions shall also be ccwcred by this Securety '.
<br /> � lnstrumcnt. All of thc focegoing is rcfcrred to in this Sccuriry Instrumcnt as thc"Property." ' `�`'
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<br /> , t , SORROWER COVENANTS thac Barrowcr is lawfully sciscd of thc cstutc hcrcby convcyui and has thc right to grant und „ , ... ___.
<br /> :�..a�.—"'.
<br />;;�� ' ' canvey the Property and that the Praperty is unencumhered, except for encumbrances of record. Borrower w�rrants and will A---
<br /> � � ��i�Y,Y'�L+�,�.�.����.,
<br /> defend};enerally th�title t�the Property agc�inst all clnims a��d demands, suUject tn any ettcumbranees of record. � ` �
<br /> ��� . , ,�� , THIS SEC;URITY INSTRUMENT Z�ombines uniform covenants for national usc und non-uniform�ovenants with limited ° r ,;:j�,_ �t--�
<br /> 'C.'-n?;��—
<br /> � vnriations by jurisdiction to constitute a uniform security instrument covering real property. - ,.��
<br /> UNIFORM COVENANTS. Horrowcr and i.cnder covcnant and agrcc us follows: , .•� j�('•--
<br /> � � l. Payment of f'�•3ncipi�l and Interest; Ph�epayment and Late Charr;es. Borrowcr shnll promptly pay whcn due thc ';s+�`;;4•''���,;;�
<br /> �� principal of und interest on thc debt cvidcnced by thc Note and any prepaymcnt and Iztc charges due undcr thc Note. . ` ,� _
<br /> 2. �mds for Tax�und InsurAnce. Subject to applicable la�v or to a writtcn waiver hy Lender, Borrower shall pay to �"_� • _. ��'-���. _
<br /> ° „ Lcndcr on thc day monthly payments arc due undcr thc Note,until thc Note is paid in full,a+uni("Funds") for:(a)ycarly taxes ,,, • ,�..r,;. ,��
<br /> nnd assessmcnts which may attuin priority over this Security lnstrument a, u lien on the Property: (b)yearly le��sehold payments ' r"=- ;�;;`�'��,:i:.
<br /> . or ground reitts on thc Prnperty, if any;(c)ycarly haznrd or properry insurancc premiums; (d)ycarly flond insurance premiums, ,. ��;.' :':��+`���'-_-
<br /> � if any; (e) ycarly mortgage insurance premiums, if any: and (�any sums payable by Brn'�owcr to Lendcr, in accordance+vith ��i�_;.
<br /> J the provisions of paragraph 8, in lieu of the payrnent of mortgage insurance premiums. 1'hese items are calletl"Escrow Items." r�� . ;.�--
<br /> ' �"Y:�!'Y : ."K:1T.i
<br /> Lender may, at any time, collect and hold Funds in an amoum not to excced the muximum amount a Iender for u fcderully :.�<.,,z.:�...,�
<br /> � related mortgage luan may r�yuire for Borrower's cscrou�account under the federal Re�il Fclate Seidement Procedures Act �f - '�'�'�����--''�--'
<br /> �'� �'�-'--==�--_-
<br /> ;t 1974 as amcndcd from time to timc, 12 U.S.C. Secciun 2601 er s��q. ("RESPA"), unless anothcr law thut applics to the Funds •f�''^��"'''—
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<br /> ; sets a lesscr nmount. if so, Lendcr may, at any time, collect and hold Funds in an umount not to exce:ed the Iesser amount. :'�"^�iP"�',D"�•�'°.�:
<br /> �:.',•.;:.:,:--
<br /> • Lendcr may cstimate the amount of Funds due on the hasis uf carrent data and reusonable estimatcs of expenditures oF futurc �,r�,.• ; .
<br /> � • Escrow items or othcrwisc in accordancc with applicablr law. < t�'��`�-�
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<br /> The Funds shall bc held in an institution whose deposits are insureJ by a feJeral agency. instrumcntality, or cntity . __
<br /> (including Lcnder, if Lcndcr is such an instiwtion)or in any Fedcral Home i.oan Bank. L.endcr shall apply the Funds to pay thc , •'"`,��=�:: _
<br /> Escrow Items. L.�nder may not charge Borrower for holding and applying the FunJs, annually anulyzing the escrow account, or �__,�.�{_._
<br /> verifying thc Escrow[tcros, unlcss Lcndcr pays Borrowcr interest on the Fwids :u�d uppticablc law permits Lendcr lo m�ilce such • ��`��
<br /> � " u char�e. However, I..ender may require Borrower to pay n one-timc rhurge fnr an independent rcal estate tax repoi�ting service '��"=�
<br /> ,, used by L.ender in connection with this loan, unles� upplicable law provide� othenvise. Unlcss an agreement is mude �r •' ���`�� �`�'
<br /> --�-� -- __r.__4�. �..... • ...w......:,r I ,...,{„r�.hnll nnt hr rrruiirrd tn n:iv R�rrnwcr any intcretit or c;irnin�s im thc Funds. : _
<br /> . . _. - U U10.AVIG tQw iV'ijiiCS i�wfi.$i���w. •• • ..--. . ' "'� � .•—�`. _..
<br /> Bon•owcr and L,endcr may ugrcc in writing,�hnwevcr, Uiat intcrest shall bc paiJ�m thc Funds. Lendcr shall givc ro Borrower, ���7'�'+•;.'
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<br /> without charge, an annuul accounting of the Funds, sho�ving credits and debitti ti� the Fund�und the purpose for which euch
<br /> �� debit to the Funds w.is made. The Funds are pledged as additional secw•ity fnr all sums sccured by this Sccurity Instrumcnt. �.�' �
<br /> If t}te Funds held by[.ender exreed the amounts permitted tu be h�:ld hy�ipplicable la�v, l.ender tihall account to Barcower
<br /> for thc excess Funds in accordance�vith thc rcyuircmentti of applicablc law If the amount of the Funds held by Lcnder at any f�"�
<br /> time is not sufticient to pay the Escrow[tcnts when due, L.ender may sc�notify Borrowrr in�vriting,and, in such case Llorrower "t�;� ,
<br /> shall pay to Lettder the xmount necessary to m.►ke up the Jeticiency. I3orr��wer shaU make up the deficiency in no more than •i e�`•'`. •
<br /> twclvc monthly payments,:tt Lcndcr's solc discrctiun. �;''' '
<br /> Upon payment in fuU of all sums ucured by this Security Instrumcnt. LcnJcr �hall prcnnpdy refund to Borrrnver any l '
<br /> • .. Funds hcld hy Lcndcr. If,undcr parugruph 21. Lcndcr shall acyuirc or scll thr Propcny. I�:ndcr, prior to thc acyuisition c�r sale �.•�,�
<br /> of the Property, shall apply any Funds held by L.rnder at the time of aryuisition or sale as a credit cigainst the sums secured by � '' ; �;� ,
<br /> . ' .;�; this Security Inswment. � . `' :'�
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<br /> � 3.Appltcutl�►n of Pay�ntents.Unlrtis applicable law provides othenvise,all payments receivcd by Lender under para�raphs , , �;��
<br /> " 1 and 2 tihall bc applicd: first. to any prepaymcnt charges duc under thc Note: ,econJ, to amounts payable under paragraph 2: . " !'" �
<br /> �� �� third, to intcrest duc: fourth, to principal duc:and lust,tu any late chxrgcs due undcr tlic Notc. -:.i . -
<br /> � 4.Char�es; Ltens. Borrowcr ,hall pay all taxes, usscssmcnts, chargcs, fines and impositions attributahlc tu thc Property - .
<br /> which may attain priority ovcr this Sccurity lnstrununt, and Icasrhold payments or�round rents, if any. Bi�rruwcr shall pay ,� .,''� . ,��q
<br /> � thesc ubli ations in thc ntanner rovidcd in ua�ra h 2, ur if nut �id in that manncr, Burrc�wer tihall ay thcm on timc d ircrtly �
<br /> . E P P� � P P� p �.�
<br /> : to the person awcd paymcnt. Borro�scr,hall promptly furnish t��[Andcr all notices��f amounts t� hc paid undcr this p:�ragraph. +: .__
<br /> , " ;, if Barrower m�ikes these payments directly. Bnrrower shall prc�mptly furnish t�� l.ender receipts evidencing the payments. ' tv ,�;'
<br /> � Borrou�cr shall pro:nptly discharfic any licn which has prioriry ovrr this Sccuriry In�trument unlcsy B��rru���cr: (a) a�;rccs in 'w•. ,,
<br />� r writing to the pmyment ut'the nbligatiun tiecured by the lien in a nianner arceptablr to Lender; (h)cunlesls in gt�cid fi�ith the I'ten i ' �'_�,�
<br /> � , , by, or dcfends against cnforcement of thc lien in, Icgal proceeding� which in tlie Lrnder's opinion uperate tu prevenl the '"� '
<br /> entbrrcmcnt of thc licn; ��r(c)sccures from thc holdcr c�f thc licn xn agrecmcnt s.uislactury t�i I,rndcr+uhcirdin,iting thc licn tn : f y '
<br /> � � " this Security lustrumcnt. [f'Lender dctet7nines th�t:my part uf the Property i� .ubjrrt tu a licn which may attain pricirity ovcr : ,-` !
<br /> , this Security instrument, Lcnder mxy givc Horrowcr a nuticc iJentifying thc lien. B��rrowcr shall satislv thc licn ur�akc one or I a
<br /> . more ot the actions sct forth abovc within 10 dayti��I'thc givinr ut'natirc. �•
<br /> � , Form 3028 9/90 I ±
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