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<br /> 1'OG�'iHER WIT}1 all thc impruvcmcnts now nn c�reaftcr•erecteJ un thc pruperty,�md nll ra,cmcnts. uppurtenaocCs,ai�d .
<br /> _ ,3 , , fixtures now un c�ecaRcr u part uf thc prnperty. All rcplaccnunts aud ,idditium ,hail ;+Iw bc cuvcrcd by tl�is 5ccurity , - .---
<br />___• ,.�, , � instrumcnt. All nf thc forcgning is rct'crrcd to in this Security lnstruincnt as thc"Pruperry." --
<br /> � - `•-m,. �� ° RORROWER COVHNANTS that Burrowcr is liiwfully seiscd of'the esune herchy a�nveped nnd h,is the ri�ht to grant und
<br /> �� � � convcy the Prop�ny and thnt tbe Pruperry is unencumbered,except fnr encumbrcma�ti of recurd. Horrower warrants and will ---
<br /> `'�-����.�:�c;� dcfend geneenlly d�c tltic tu thc Properry c��i�inst all cluims und dcm�nds,suhjcct to nny cnrumbranccs of rcwrd. � ,
<br /> - - --,�r•; ..
<br /> _� '" THIS SECURITY INSTRUMENT�ontbincs w�ilimn covcnants for national u�c and nnn-uniform covenants with limitcd .. b�
<br /> =�:��y�,;•••;; :% ;s variltions t�yjurisdiction to r,onstitu►r,a unifann sccurity instrumcnt covcring rcal propc�ty. ---
<br /> -"'`:��'�'.'�!1`�"� UNIFORM COVENANTS. Borro�vcr and Lendcr�ovenant and agrce as fallows: -
<br /> �,;�� l. Payment nf Pi•lnclp�l nnd Inter�h, i'�•lpaymeut nnd Latc Charge:s. Borrower shall prumplly pay whcn duc thc ° r�+�r
<br /> rinci il of und imcrest on the dcbt evidenccd h the Note and an re a mcnt i�nd late char eti due under the Natc. �°--
<br /> ".� � P P� Y Y P R'Y G •� , �!g' ;
<br /> "' ' • • 2.Cunrlv far Taxcs niyd I��surancc. Subjcct to applicabfc law or to a wriucn waivcr hy Lcndcr. Borrowcr shall pay to ,a&�
<br /> �'`1• •` -� ` L.cnscr on thc day iiioiitt�ly�ayriicnts�ir�:duc uiidcr thc Notc, u�itil the Notc is paid iii tull, a su�»("I���rids")for: (a)ycarly taxes ��'_
<br />= . and asscssments �vhich may attnin priority over this Sccurity Instrument xs u licn on thc Propeny: (b)yearly Ieasehold paymcnts
<br /> .-._*,_ ;�
<br /> - �' �'� " or ground rents on thc Property, if any; (c)ycarly hazurd or properry insurancc prcmiums; (d)ycarly fload ins�rancc prcmiums, "'_
<br /> f� if any; (e) yearly martgagc insurunce premiums, if uny;anJ (� any sums payable by Horrou•er to Lendcr, in accordnncc with ��`t�
<br />� • � ' the provisions of paragraph R, in licu of the payment of'mortgabe insurance premiumti.These items a�e callcd"Escrow Items." � � .
<br /> �� '�� Lender may,at any time, collect und hold Funds in an amount not to exceed the maximmn amount a Iender far a feder�lly '� a
<br /> - �'� ' `'�� �� related mortgage loan may require for Borrower's escrow account under the federal Real Estate Setdement Proceciures Act of • �'
<br /> n.,"., ' . .. _ ���A
<br /> ; "" . , 1974 a�amencteci frc.m time t�time, 12 U.S.C. Sectinn 2fiQ I�1 srrl. ("RF.SPA"), unlesc:inother I;�w th�t applies tn tne Funds �. , . .•.,a��
<br /> _ sets a Icsser amount. If so, I.ender may, at any timc, collcct and hold Funds in an amount not to cxcced the lcsscr amount. ' '�' �
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<br /> --- ' � Lender may estimate the amount of Funds due on the hasis of current data and reazonable estimates of cxpenditures of future '����. ; ,�,��
<br /> Escrow Rems or olhenvise in accordance with applicable law. ����`~�"�•=
<br /> �:-:�.-
<br />= . Thc Funds shaU bc hcld in an instiwtion whose deposits are insurcd hy a fedcral agency, instrumentulity, ur cntity .,;:;;,�i��':v�r�:
<br />� (including Lender,if Lcndcr is such an institution)ar in any Fedcral Home Loan Bank. Lcndcr,hall apply the Funds t��pay thc . . -
<br /> ." ;�,,' � Escru�v Items,Lendcr may not charge Borrawer for holding and applying the Funds,annualty analyxing the escraw account, or :'�'��:-��:bt.; •:�
<br /> ' verifying thc Escro�v Itcros,unless I.endcr pays Borrower interest on thc Funds and applirablc law permits Lcnder to make such ;. �,;�.'3.-�- -
<br /> a churgc. Ho�vcver, Lender may requirc Borrowcr to pay a onc-time charge for an independent rcal cstatc tax reporting scrvice , a�7r.��:
<br /> �� � uscd by Lendcr in connection with this loan, unless applicablc law provides othcrwisc. Unlcss an agrcemcnt is madc or • . _-
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<br /> applicablc law rcquires intcrest to bc paid, Lcndcr shall not bc rcquircd to pay Rorrrnvcr xny intcrest or carnings on thc Funds.
<br /> _- - Borrowcr and Lcnder rnav aerec in writine. however, that intcrest shull bc naid on the Funds. Lendcr shaU eive to Borrower. ' � "�
<br /> , ' '� without charge, an annual accounting of the Funds, showin�credits and debits to the Funds und the purpose for which each `�� ,
<br /> dcbit to thc Funds was made. Thc Funds arc pledged as additional sccuriry For all sums sccured by this 3ecurity Instrumcnt. ;i
<br /> . If the Funds held by L,ender exeeeci the amounts permitteJ to bc helJ by applicanle law, L.ender shall account to Borrower ;�p}�4- _.�,
<br /> " , for the excess Funds in accordance with thc reyuirements of applicablc luw. If thc amount of thc Funds held by Lender at any �� •
<br /> time is not sufficient to pay the Escrow Items when due, I.cnder may �o nc�tify Borrower in writing, and, in such case Borrower ���, ��
<br /> . ;iifw.:
<br /> shall p�y to Lender the umount necessary to make up the defirienc�•. Borrower shall make up the deficiency in no more than �'3�k.. _
<br /> � •• nvelvc monthly payments,at Lcnder's sole discretion. " •° r•!!�° ,t
<br /> ' � Upon payment in full of all sums secured by this Security Intitrument, I,ender shull promptly refund to Borrower any `�" - '
<br /> �""�"' Funds held b I.ender.If, under ira ra h 21, Ltnder shal! ac uire or sell thc Pro ert Lender, rior to the uc uisition or sale
<br /> Y p� S P 9 P Y• P 9 �.. '{ .
<br /> . ' of thc Property, shal! apply any Funds hcld by Lcndcr at thc tirne of acyuisition c�r salc as c�credit ugainst thc sums securcd hy ;, ., %
<br /> ��,.,._„r;� , this Sccuritylnstrument. : ^�
<br /> „
<br /> • 3.Appllcation of Payments.Unle�s applicable luw providcs nthcnvise,all paymcnts rcrcived by I..ender undcr paragraphs + • �t^
<br /> ' "` ^ I and 2 shall be a licd: first, to an m a mcnt char es duc under thc Notc: scrond, to amounts a able under ara ra h 2: ' ':�7'�'`�`±�"`"`
<br /> PP Y I� P Y F P'Y P' F P
<br /> � ' ' ' third,ta intcrest duc; fourth,to principal duc; and last, to any latc chargcs duc unJcr thc N�3tc. , ��� sw�
<br /> , � d.Chatges;Lfens. Borrowcr�Iiall pay all taxcs, asscssmemc, rharges, finc,and impositions attributablc to thc Peoperty r"'` �
<br />. , which m�y attain priority over this Sccurity Instrument, cind Icasehold paymentti or�,rowid rents, if any. Borrower shall pay � r
<br /> ' . these oblig�tions in the manncr provideci in paragraph 2,or if not paid in that manncr. 8orrowcr tihall pay tl�em on timc directly . t r;
<br /> a to thc penon owed payment. Aorrower shall promptly furnish tn Lcndcr all notices nf'umounts to bc paid under this paragtaph. � ' �.
<br /> ...r
<br />`t • if Borrovier makes�hese payments direcdy.Borrower�hall promptly Furnish tu Lender receipts evidencing the payments. � I�
<br /> �,' Aorco�vcr shall promptly discharee any licn which has pri��rity ovcr thiti Seruriry In,rrument unlcs� Bc�rrowcr:(a)agrces in f ,* ��.--.�;�)
<br /> - . writing to nc�paymcnt of'thc obligation secured by thc licn in a manncr acccptahlc tu Lcndcr:(b)rontests in good faith the licn I � •'?1 �
<br /> y by, or defends against enforcement of the lien in. Iegul proceedin�s which in the Lender's opini�m c�perate to prevent the • �~'�;,�,-
<br /> * cnforccmcnt of thc lien; or(c)sccures from thr holdcr of thc licn an agrccmcnt�atisfurtory u� Lendcr subordinating thc licn to f �'r;
<br /> �� this Security Instrument. If I.ender detern»neti that any part of the Property is tiubject t��a lien whirh may uuain priority ovcr
<br /> T this Sccurity Instrumcnt, L.cndcr may givc Borrowcr a nuticc idcntifying thc licn. Burro�scr shall satisfy thc licn or takc onc ur �- +��
<br /> �r � more of the acti�ns set forth above within 10 days of thc giving��f not ice.
<br /> . I. ': '' .
<br /> . Form 3028 9f90 � °
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