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<br /> y � . ;';�.;...,- . TU�iET�R WTfFI all the improvements now or hereafter erected on the pmperty.and all easemenu.aPPartenanoes:and ,_ _ -.
<br /> - fixcures no�r or l�ereafter a Fart of the property. All replacements and additions,sft,all also be covered by this Secwrity ty.=�i� �- .-..-_.
<br /> - �'� �'` ' Instrument.All of the foregoiug is referred to in this Seeeuity Instrument as the"Progerty.° ' ���.r �
<br /> - � _�a F ' gORRpWER COVENANTS that Borrower is tawfiilly seised of the estate hereby conveyed and has the right to grant and �'�
<br /> � � � convey the Pro�erty and that the PrnpertY is�inertcum6erecl.except for encumbraaces of record. Bor�awer warrants aad will , "�� ---
<br /> .F � -
<br /> - . �� , '�,• defend generalty the title to the Property against all claims and demands,subJect to any encumbrances of record. ` �� ,C _- -.
<br /> � THIS SECURTCY INSTRUMENT Fambines uniform covenants for national use and aon-uniform covenants with limited ��' f
<br /> � . f,_ M __
<br /> -'-'� variado�s by jm�isdiction us comtitute a uniform secvriry insmim�nt covering rea!propertY:
<br /> �L_St �al7.� �_
<br /> ' �,�;' � . �. �iMFORM CQVENANTS.Barrower and Lender covenant and a�ree as foitows: =r Y' `=�..d �,y
<br />��� - � � l. Paymeni of Prindpal sud Innteres�t; �[�Y�enY and I.ate Chaiges.Borrawer shall pmmpdy pay wheu dae the _: .4: �; �-:,�..�rz
<br />�` 4 �" * ' principal of and inter�st on the debt evidenced by the Note and any prepayment and late charges due under the Note. , '�!y��� __
<br />��f�` � � • • Z.�unds for Taxes ead Insorance.Subject to a�plica6le law or to a written waiver by I.ender, Borrower shall pay to � . .__
<br /> "_:`s�.; .____._
<br /> Iznder on the day monthly payments are due under the Note,until ttte Note is paid in fnll,a sum("Funds")for.(a)yearty taxes r c���� �.-
<br /> _�_r.�_�J�,.,;•,�' ..�'� and assessmems which may attain prioriry over this Security Instrument as a lien an the Praperty;(U}yearly leasehold payments , __ v_�
<br /> �",; � or gmund renu on the Pcoperty.if any;(c)YearlY harard ar proPerry inswance p re m i u m s;(d)Y e a r iy S a a d i n s u r a n c e p r e m i u m s, • _.�.—
<br /> , ' ��^ if anY:(e)Yearly Rtortgage insarance premierms, if any;and(fj any sums payable 6y Borrower ta Lender, in accordanoe with - _-_-
<br /> _ . � ' � the provisions of paragraph 8,in lieu of the payment of mortgage insurance premituns.'Ibese items aze called"Fscrow Items." �` ��''�'�,�A-
<br /> ' _ Lender may,.at any time, coltect and hold Funds in an amount not to excx�d ihe maximum amount ra lender for a federally �.:y h��'"__ -
<br /> � '�• related �e loan ma re for Borrower's escmw account under the federal Real Estate Setttement Procedures Act of " `'�`"`
<br />- ., mP�� Y� s -
<br /> �_i.�-v-__
<br />" � 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq.("RESPA"),unless another taw thai ap�lies ta the Funds . ;:�.�==-_
<br /> � �� ` a � .��M��;��=r-.�--,�_
<br />- � sets a tesser amount. If so. Lender may.at asry time,collect and ho2d�unds in an amount not to,exceed the lesser amonn� -�.. �.
<br /> �a::._�:=�_. _ Lender may estimate the amuunt of Funds due on the basis of current data and reasonabie estimates of expendimres of future v ---__.__.�z`-'°'�
<br /> �� .. , � �_ ----.. .__ - -
<br /> . . Escro�rItems-or-otherwise-in-accordancewithaPPlicable l�w: . . .. _.... ..----. . _...... _ . _ .....---. --. .- ---.--,----.----- - .- _
<br /> ' s����
<br /> _ • ,. , . .,
<br /> _. ' Th� Funds shall 6e held in.an institution whase deposits are insured by a federal agency. instrumentality. or entity '"'.:'-" --
<br /> . , �;y.. . _
<br /> ° . .'.• (including Lender.'sf Lender is such an institution)or in any Federal Home Loan Bank.Lender shall apply tfie Funds to pay the �
<br /> '�,, :, Escrow Items.Lender may not charge Boaower for holding and applying the Funds,annually analyzing the escraw account,or _ . , � �`�
<br />_ - verifying_the Escrow Items.unless Lende:pays Borrower interest on the Funds and applicable law�pemuts Lender to matce such �.....>fL.:: - `
<br /> :;.- ' . a charge.However.Lender may require Bonower to pay a one-time charge for an independenf real estate tax iepor[ing service • . „
<br /> - �� •.. .'. , - used by L.ender in connection wit}t this loan. unless applicable law provides oiherwise. Unless an agreement is made or � �'�ti;; ��.
<br /> � ' � , applicable ta�v requires interest to be paid,I.ender shall not be required to pay Borrower any interest or eamings on the Funds. . -�n"7�-
<br />_ � . . . Borrower and Lender may agree in writing,however,that interest shalt be paid on the Funds.Lender shall give to Borrower. . ';�:
<br /> � .� • . ' • withaut charge. an annwil accaunting of the Funds,showing credits and debits to the Funds and the purpose for which each �
<br /> ' ' debit to the Funds was made.The Funds are pledged as add;tional security for all sums secured by this Security Instrument. • . �''�� �=.
<br /> ` If the Funds held b Lender exceed the amounu rmitted to be held b a licabte law,I.ender shaU accoun[to Borrower �•`r" �
<br />- : �. :� Y � Y PP� . -�� �
<br /> ' � � for the excess Funds in accordance with ihe requiremenu'of applicable law. If the amount of the Funds held by Lender at any �
<br /> - • • • pme is not sufficient to a thz Escrow Items when due,L.ender ma so noti Borrower in writin and.in such case Borcower ___ �� '*
<br /> P Y Y fY g• _ ;� .;-
<br /> - �. shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no mare than �'• � .�_
<br /> � •• . , twetve monthly paymenu,nt l..ender's sole discretion. . � • "?`"� -
<br /> �� .��r
<br /> ' Upon payment in full of all sums secured by this Security instrument, l.ender shall prompdy refund to Borrower any • : • ;�'• ...�� .
<br />--�'� � ', Funds held by Lender.If.under paragraph 21.Lender shail acquire or sell the Property. l.ender,prior to the acquisition ar sale � �� :'.�;� .,,. ,
<br /> '. . ' , of the Properry,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by � • .
<br /> ...;�. .` ;;�;. ., this Securiry Tnstrument. , .
<br /> =-- ' ,''�Y' 3.Appltcatton of Peyments.UNess applicable law provides otheswise,all payments received by Lender under paragraphs . •
<br />_ - :.�� . ,
<br /> ,. 1 and 2 shall be applied:first.to any prepayment charges due under the Note: second,to amounts payable under paragraph 2; �
<br />_ . third.to interest due:fourth,to principa!due;and last.to any late charges due,undeT th�e Note. .- . �.�.�f •.:�
<br />- • . 4:Charges;Liens. Borrower shali pay all taxes,assessments,charges, tines and impositions attributable to the Property ; - : ;�;��; ._
<br /> � . • which may aitain prioritj+ over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay • . s; . '
<br /> . these obligations in the manner provided in patagraph 2,or if not paid in that manner,Borrower shall pay them on time directly , • �
<br /> � ' . to the person owed payment.Borrower shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. : •
<br /> - � •� If Borrower maka thes�paymenu directly.Borrower shall promptly fumish to Lender reccipts cvidencing the paymenxs. ; . .
<br /> Bonower shall prompNy discharge any lien which has priority over this Security Instrument unlcss$orrower.(a>agrees in � ,
<br /> � ' �. . ' writing to the payment of the obligation secured by the lien in a manner acceptable to l.ender: (b)contests in good faith the lien . •
<br />= , � - • by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent thc �
<br /> � ' � enforcement of the lien:or(c)secures from the halder of the lien an agreement satisfactory to Lender subordinating the lien to •
<br />_�' • � ' "° this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over ,
<br /> �"'��^ � � � this Security Instrument.L.ender may�ive Borcower a notice identifying the lien.Borrower shall satisfy the lien or take one or � •
<br />_�il�„�, .� � � .:.�' more of the actions set forth above within 10 days of the givin6 of notice.
<br /> =�•'.� Farm 3028 9/90
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