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<br /> TOOETHER WITH all the impravements naw on c�m.uf�er erected on the pmpe�ty.nnd nll cnsements�ppu'�tel��.anr3 —
<br /> tixtures now or hercattcr u pc►rt of the pmperty. All rcplucements and addltiona shull ulr,o l+e cavcrcd by thi� Secudty
<br /> Insttument. All of thc foreguii��i�rcfcrred tu in/his Sccurity instrumcnt as thc"Pra►perty." —
<br /> BOttRUWBR COVElV�1NTS thut 13o�'roi�ei is iawfully F:,iac,�i af thc estntc hcrcby cunvcyed und hus thc right to f�mnt and .
<br /> canvey the Pro�crty and thnt the Property ih unencumbcrod, except far encumhauurs M'rccurd. Aarra�vcr wurruntK and will
<br /> defend gencealf�r the title ta the Properry ng�inst�il claims nnd demunds,subject tu uny cnrum!►r�n�r�af rccard.
<br /> THlS S�'�URITY INSTRUM�NT combincs unifarm covennnta far natinnnl uu imd nan-unifurm covcnuntK with limitai
<br /> vurlat�ans by judsdicttun ta constitute n uniform secudty instrument cavering reAl pmperty.
<br /> UlV1kURM COVENANTS. Sorr�wcr w�!J..c:i�dcr covcnaot und agscc t�s folto�vs: �-
<br /> l. I'syment af iMncipal end Interest; Prepuyment and I.Ate Cha�es. Borcawcr ahall promptly pny when due the
<br /> principnl of and interest on thc debt evidenced by the Note and nny prepayment artd lute charges due under tha Note.
<br /> 2.�ads for Texes end lnsurance.Subject to applicable Inw or to a wdtten walver by [.endcr. 8attawer Fhall pay to
<br /> Lender on the day monthly payments sue due under the Note,until the Note is puid in full,u sum("Punds")for:(a)yearly taxes
<br /> and assessments which may nttain priority over this Security Instn�ment ns a lien on the Property;(b)yearly leusehold payments
<br /> or ground rents on die Property.if uny;(c)ycarly hazard ar property insurnnce premiums;(d)yearly flood lnsurance premiums. .•
<br /> if any;(e)yearly mortgage insurance premiums, if any: and (t�any sums payable by Borm�ver to Lender, in accordance wtth
<br /> the pmvisions of parngraph 8,jn lieu of the payment of mortgage insurance premiums.These itema ere csilod"Escrow Items."
<br /> L.ender muy.at uny time. caitect and hold Funda in an amount not to exceed the maxlmum amount a lender for u federaily
<br /> related martgege loan may require for Barrower's escrow account under the federal Real Estate Setdement Procedums Act of
<br /> 1974 as amended fmrt�tirne to time. 12 U.S.C.Section 2601 et seq. ("RESPA"),unless enother law that applIes w the Funds
<br /> seta u lesser amount.If so. Lender may. at any time,collect end hold Funds tn aa amount not to oxceed the Lesser amount.
<br /> L.eader may estimata ttee amount of Funds due on the basla of curnent date and reasonable estimates of cxpenditures of tuwre -
<br /> Escrow Items or otherwise in eccordence w[th applicable 1aw. �.
<br /> The Fands shull be held in an instltution whose deposits are lnsured by a federal agency. instrumenwliry. or enuty
<br /> (including I.ender.if Lender is such an institution)or ia any Fedcral Home Loan Hank. Lender shatl upply the Fu,nte tu pay thn �
<br /> Escrow Items. Lender mny not churge Burro�ver for hofding and applying the Funds.annualiy isnalyzing the escrow acooi+nt,or
<br /> verlfying the Fscrow Items.unless L.ender pays Eiorrower interest on the Funds and applicable law pemiits Lender to make such
<br /> a charge. However.Lender may require Horrower to pay a one•tirae charge for tut independent real estate tax teporeing service
<br /> �ased by Lender in conneccion with this loan, unless applIcable. law provides otherwise. Unless an agreement is made or
<br /> applicable law requires intcrest to be paid.Lender shall not b�required to pay Bomower any interest or eurnings on the Funds.
<br /> Borrower and Lendcr may agc+ee in wdting. however,that tnterest shall bB paid on the Funds. I.ender shall gfvc to Borrower.
<br /> without charge.sn annusl accountIng of the Funds,showin� credits end debite to the Funds and the putpose for whtch each �
<br /> debit to the Punds was made.The Funds are pledged as addtuonai sacurity for aii sums secured by chis S�xurity insttumcni. �
<br /> If the Funda held by I.ender excxed the amowtts permitted to be held by�ppllcable law.L.ender shall eccount ta Borc�nwCr
<br /> for the excess Funde in nccotdance with the requirements of applicable law. If the amount of the Funds held by Lender at mqy
<br /> time is not suffic[ent to pay the Escraw Items when due.I.ender may so not�fy Borrower in wrlting. nnci.in such case Boi�rower
<br /> sholl pay to Lender the amaune necessary to make up the deficlency. Borrower shall make up the deficiency In no more ttwn
<br /> twelve monthly payments,at I.�nder's sole discretion.
<br /> Upon payment in fuU of all awns secw�ed by thts Secudty Instrument� I.ender shell promptly retuctd to Bonower any
<br /> Funds held by I,ender.If.under paregraph 21.t,ender shaJl acquire or seq tha PropeRy.I.ender.prior to the acquisidon or sale.
<br /> of the Prc�peKy,shaU apply any Punds held by Lender at the time of acqufsition or sale as a credit against the sums aecarad by
<br /> thla Security Instrument.
<br /> 3.Applicadon oY Paymenk.v.Unless opplicatsle law provIdes othenv[se,di payment�received by Lender under parugraphs
<br /> 1 end 2 sh�l!be appfied: first. tn any prepayment charges due under the Not�;second.to amounts payable under paragmph 2;.
<br /> third.to interest dne;fourth.to princtpal due:and last,to any late charges due under the Note. �
<br /> 4.C6Arges; I.tens.Horrower shall pay all taxes.assessments.charges, tines and impositions uttributable to the Property •
<br /> which may attain grlor�ty over this Secucity Instrument. and le�sehold payments or ground rents. if any. Ban+nwer shelt pay
<br /> these obligadona in the mani�er provided in paragr.sph 2.or if not paid In.that manner. Bnrrower shall pay them on time dit+ectly
<br /> tu thc pers�n owed payment.Borrower shall pmmpdy furnish to Lender ail nodces of amounta w be pald under this paragraph.
<br /> If Barrower m�ilces these payments directly.8orrower shatl promptly tiimish to I.ender receipts evtdeneing the payments.
<br /> Borrower shall prompdy discharge any lien whtch has prlority over this Secudty Instrum.ent unless Borrower:(a)agrees in
<br /> wr+ting to the payment of the obligat[on secured by the tien in a manner axeptable to Lender:(b)contests in good faith the lien
<br /> by, �r defcnda ngninst enforcement of the iten in, legal proceedings which in the I.�nder's opinlon operate m prevent the
<br /> enforcCtnBat oP the lten:or(c)secures from thc holder of the Iten an agreement satisfactory to Lender subord{nating the lien ta
<br /> th{s 8ecurity Inatrument. If Lender determines that any part�f the Property is subject to a ilen which may attain priorIty over
<br /> this 5ecurity Instcument,Lender may gtvg Borrower a notice identifying the lien.Bormwer shall sutisfy the(ten or take one or
<br /> more of the actions set Forth above wIthin 10 dnys of tl�e givtng of nottce.
<br /> Farm 3028 9/90
<br /> PoOO 2 of 6
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