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<br /> TOClETHER WiTN nSl thc improvemcnts notv an c�r�a�tet crcctcd on the prop�ny. i+nd aU cascments,appucten,nccs,�utd .____.,...-d.�.-,---_----------•.�
<br /> fixtures now or heu7ftcr a p�rt af t6c properey. All rcpincements und udditions shall also bc c�vcrcd by thi5 Sccuelcy -__-_____ _
<br /> Instrument. All of thc foregoin� is rcferred to in this Securiry Instru�-;cn�ns the "Pmjrr.ny." _�-_,: _
<br /> I3QRROWER COVG�NANTS that Uorrower is Ia�wiLlly seised of the etitate licreby cunvcyeci and has ehe right ro grnnt�nd ��;��._�;2._-�.__
<br /> " canvcy thc Property imd that[he Propeny is unencumUcred, cxcept for cncumbranccs of record. Borrawcr wnrrAnis �nd will "-
<br /> defend�cnerally the tiUe to thc Property ngainst idl clnimti.ind demands,subject to uny cncumbrmices of recUrd, �_::..:,,�,r.-�- ___
<br /> - THIS SECURITY [NSTRUMEN7'combincs unit'om�covcnants ior natiaml usc and non-uniform covcnants witb limitcd ' -
<br /> " variations by jurisdiction to constiwte u uiiiform security instrument covering real propert,y. �
<br /> � UNIFORM COVENANTS. Bnrcowcr und[.cndcr covcnant and agrec as follows: -___-.
<br /> 1. Payment oP Principnl m�d Interest; Prepnyment und I.ate Chae^�e,9. Borrower shuli promptly pay whcn due the =—
<br /> principal of and interest on the debt evidenccd by the Note and any prepayment und late charges due under the Note. _ _
<br /> Z. Funds Por Tax�i�nd �nsurance. Subject to appl icable law or to a written w�iver by Lender, �arrower shall pay to -
<br /> �
<br /> , l.endcr on tlie day monthly puyincnts are due under the Nute, until the Nocc is paid in full,n sum("F�►nds")for:(a)yearly tnxes ���=-R'-���--'°�--
<br /> , and ussessments which may attain priority over this&ecurity Instrurnent as u licn on the Property; (b)yearly leasehold payments --
<br /> or ground rents on thc Property, if any;(c)ycarly hazard or property insurance premiums;(d)yearly flood insunnce premiurns, =------
<br /> if any; (e)yearly mortgage insurance premiums, if any:and (0 any sums payable by Horrower to Lender, in sccurdartce wtth a��p__'� -��
<br /> • the provisions of pnragraph 8,in lieu of the payment of mortgage insurance premiums,These items ate calleci "Escrow Items." �'`__°_-°.�-
<br /> • Lender may, at uny time, collect and hold Funds in an amount not to excced the maximum umount a lender for a federally _ -
<br /> �:. related mongage loan may require for Borrower's escrow uccount under the federal Real Estate Settlen�ent ProcE;dures Act of ° _ _
<br /> 1974 as amendcd from time to time, 12 U.S.C. Section 2601 er se . ("RESPA"), unless anuthcr law that a lics to the Funds ""�-
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<br /> sets a lesser amount. If so, L.ender may, at any time, col lect and hold Funds in an amount not to exceed the lesser amount. ti;-=
<br /> Lender may estimat�the amount of Funds due on the bases of current data and re.isonable estimates of expenditures of future ��, "��•__:___._� _- _
<br /> Escrow Items or otherwise in accordance with applicable law. --
<br /> ° The Funds shall bc hcld in an institution whose deposits are insurcd by a fedcral agency, instrumentality, or cntity ' ' __
<br /> (including Lcnder, if L,endcr is such an institution)or in any Federal Home Loan B:mk. Lender shall apply the Funds to pay the �`;;:�
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account.or �+"'�
<br /> ,. ~, .. verifying the Escrow Items, unless Lender pays Borrower i nterest an che Funds and applicable law permits L.ender to makc such __ _
<br /> a charge. However, [.ender may require Borcower to puy a one-time charge for an independent real estate tax reporting service �''`: t�rr� �
<br /> used by L.ender in connection with this loan, unless applicable luw provides utherwise. Unless an agreernent is made or {� ��r',
<br /> applicable law requires interest to bc paid, Lcnder shaU not be required to pay Borrower any interest or carnings on the Funds. �.;;, ..
<br /> ' Borrowcr und Ler�der may agrce in writing, however, that interest shall be paid on the Funds. Lendcr shall�;ive to Borrower, ,�'•Y
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<br /> without char�e, an annual accounting of the Funds, showing creciits and debits to the Funds und the purpose for which eaeh �.,
<br /> ; '' debit to the Funds�vas made.The Funds are pledged as udditional security for all sums secured by this Security Instrument.
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<br /> If the Funds held by Lender exc:,cd the�nount�permitted to be held by applicable law, Lender shafl account to Borrower .
<br /> for the excess Funds in accordance with the reyuirements of applicable law. If the amount of the Funds held by Lender at any s
<br /> time is not sufticient to pay the Escrow[tems when due.Lender may so no[ify Horrower in writing, and,in such case Hnrrower i� , `
<br /> , shall pay to Lender the amount necessary to make up the deticicncy. Borrowcr shall makc up the deficiency in no morc than
<br /> twelve monthly paymcnts,at Lender's sole discretion. �� �
<br /> Upon payment in full of all sums secured by this Securiry Instrument, Lender shall promptly refund to Borrower any • ' �'�
<br /> Funds held by Lender. If,under paragraph 21, Lender shall acquire ur scll the Propeny, Lender,prior to the arquisition or sale . :�`
<br /> ' •• of the Property, shall apply any Funds held by Lcnder at the time of acquisition or sale us a credit against the sums sccured by � '' +.•-�
<br /> - " • this Security Instn�ment. �=_l� i
<br /> , 3.Applieatfon of Payments. Unless applicable law provides otherwise,all payments received by L.ender under paragrnphs „ ��j
<br /> , 1 and 2 shaU be applied: first,to any prcpayment charges due undcr thc Notc: second, to amounts payable under paragraph 2; . J; •
<br /> d�ird,to interest due;f�w�th, to principal due; and last,to any late charges due under the Note. �
<br /> - 4. Chnrges; Llens. Borrower shall pay all taxes,ussessmcnts, char�es, fincs and impositions attributable to thc Propeny "'
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<br /> which may attain priority over this Security Instrument, and Iesschold payments or ground rents, if uny. Borrower shall pay �.'
<br /> � these obligations in the manner providcd in paragraph 2,or if not paid in that manner,Borrowcr shull pay them on time directly i � �•"• t�
<br /> to the person owed payment. fiorrower shall promptly furnish to L.endcr all noticcs of a�nounts io be paid under this parugraph.
<br /> " „ „ If Borrower makes these payments direcdy,Borrower shall promptly fumish tc�Lcnder reccipts evidcncing thc payrnents. �
<br /> , Borrower shall prompUy dischargc any lien which has prioriry over this Security ln�trument unlrss Borrow•er: la)ugrccs in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (h>eontests in gcx�d faith the lien :
<br /> by, or defends aguinst enforcement of the lien in. Iegal proccedin�s wh�ch in the Lender'�. opinion operate tc� prcvent the
<br /> °�, enforcement of the lien; or(c)secures from the holder of the licn an u�reement,atisfactury to Lender subordinating the licn to
<br /> „ this Security Instrumcnt. If Lcnder detcrmincs that any pan uf the Property iti subjrct tc� u lien a•hirh may:�tcain priarity uver ,
<br /> this Seeurity [nstrument. Li:nder may give Borrower a notice identi!'ying the lien. Bc�rrower shall satisfy thr lien �r take ime or �
<br /> more of the ar.tions sM forth abovc within 10 days of thc�iving of notice. ; '
<br /> Form 3028 9/90
<br /> Pnpa 2 0l G .
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