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<br /> � TO[IETHER 3VfFH uil the improve�ents n�w or he�afteP erected on the property.�d�e3seffc�nT,�a��ilf���li�es•end --
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<br /> . �• firuures no�v ar ber�fter 3 pari of the property Alf replzcemrnts and cdditio�s shali sitso he covcrod by this �eturety �,-,.-_-
<br /> �tniat2nt.�11 of the fa�oing is�eferted do in this Security Instnimeatt as the'Pm�rt�r.° �;:>f.
<br /> ; ,� B�D12R�VYER CO�►ENAN'T5 that Borrower is lawfi►lly seised of We esrate hemLy conveyed and tases the right to grunt astd �__,.
<br /> ..� ooavey the frlvpe:t}r a�chat the Property Is unestcumDered. e��t far eac�umbruaces of record. Borcou�er warr.�►ts an�will ��q�
<br /> _ _- ���-t.£;�}y��!_sQ�¢sel,�^„m�•�Q_�`i�!!ct�lmc ond dem:�nsis•subtect to nny encumbranxs of remzd. �.--_
<br /> THIS 5ECi31iPi'y INSI`RUMEi�17'combines uniform wvenants for nation�l use and non-anlform wvenznis with limitod �
<br /> '�.`��-�� variarions by jurisdiction w consdtute a uniform security instnunent covering real pmpertY• • �
<br /> � iI1VIF{2RM COVENANTS.Borrow�aa0 Lender wvenaat and a�rce as folion+s: ���
<br /> ` •��. 1. PaymQnt o�Principal a�d In4er€st: StePa9�eat and Late Chatges. �novrer shall pro�ptly pay when due the �_,�_
<br />'—, 'i� principa!of and interest on the debt evideaced by the Kote and rusy prepayment and tate charges dus uflder the Kote. —_____
<br /> _-_ �,��S ga,'Fex�a a�t�9�,�ua��.SWsj�ct to r.gplis�ble!aw or to a wcitten waiver by Lender. Bonower shall pay to �'._..
<br /> '. Lender on the day mont�ly pay�ents are due under the Note.until the Note is paid in fuil.a sum(°Funds')for.(a)yearly taxes ---
<br /> an�assessmEnu whtcb may attain priority over this Seca�riry�mzm as a tien on�he Pmpesty:(b)Year1Y 4ea5ehotd gaymxass
<br /> • or graund nznts on the Praperty.if any:(c)Yearly ha7ard or PmpertY insu:anc�e premiums:(d)Yearly tIaod insurnnce premiums, �i
<br /> if any:(e)Yc�riy mortgage insuiaaoe pr�emiwns.if any:and(f}anY sums payable by Borrower to Lender, in ascatdaase wiih --
<br /> , . the pmvisians of paragrdph 8.in lieu of the payment of inottgage insurance preminms.TAese items are cailed"Fscmw Items.° -�__-
<br /> Lenstsr may,at any tim�, coilect and hold Funds ip an amount not w exceed the m�ximum amouni a ler�der for a fe�ially —_—
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<br /> .,� � . r�.l�ed mort�e toan may require for Borrower's escrow accwnt under the federal Rea{Estate Setttement Pmcedures Act of _-_-
<br /> ;,f�,�. 1974 e,s amea�d from ti�.to time. 12 U.S.C.Saxion 26Q2 et seq. ("RESPA°),uutess another law that applies to the Funds --__--
<br /> �a�a��s,�f�,I�ader may,ai any dme, coliect and Etold Funds in an amotmt not to excxed the lesser amuuAt.
<br /> . `���,�- I.e�er may��e a��c�f�'¢eds due an the 6asis of cuirem data and reasonable estimates of expsndimres of futuie :a��:;.:
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<br /> ' ;:r,F L..�cracv Et�ns ea�ctl:�u�'sa!��rorb�se wItb applic�bie law. `,R.,
<br />,r�s:,r; 'Tbe Frua's s�lb �',b�i� �an.�tution who�e degusits aie insuted by a federal agency. •n��s�ty, or entity j;,:;,
<br /> �x`:. �:• ' �=�tvinay IE�nt�,if���,�ars i�tntion)ar ia 2ny F�raB lFfrrme Loan Bank.Lender�.y apply�e'�uads tn psg th� `,��q4�%�
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<br /> ..+ � �����r�tefr�.�i�..�;.'�ctga t�;r�s'a���t6'r.a��er far Ita'�s.�'sag snci a�.�;�the Fund.s,annua�tY�a:;�zin�t���zaw accauu�i;;�r ��`'
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<br /> �'sz�fying tfut��.a�ri Ltr�s,::i�:"��F.:sn:�.~.�ays Barcci��r��c c�t��c�nds at�k hrabls��w ts Laau�ar to mr�.;s�r�. 4::r':
<br /> �AP w�,':�si �_
<br /> �drt�,.r�,.K����,�.'r��;,:ir��ira Borrower ta�y a eaY time^:�.�z.�as�indepeaden.�.IE3I�S'i.�2 H�t_ICj10I�1I1�S�P�'xC8 �+zn
<br /> used by Ix�t��r i��ir�a�cra�t�is taan, unless applicaS�te !a����rs�rwise. Untess an agc�mem Is mar3e ar :.
<br /> . applicable las�:�res ia`res�st to be paid,Lender sball not be reqaire�i to���l�rtuwer any interest or eamiags on the F�qds. �E";
<br /> Hatcower and Lender ma a ee in wsitin .however.that iaterest shall•be pa:d cm the Funds.I.ender s6all.give w Borrau�r. �';�':•�
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<br /> .. wiihout chsuge, aa ann�al aocoonting of the Funds.shawing credits and debits so the Funds and�he purp9ase for whioh e4cb �j,,�,--
<br /> . debit to the Funds was raade.The Funds are ptedgai as additiQnal security for a11•svcns se�ur�d by this Securi�ty I�Mmm�ttt. �'r:;:
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<br /> If the Funds hetd by Iander exceed the amount�pemuaed to be h�ld by applicabls law,I.ender s'hall accaunt ta Borrower ��
<br /> for the excess Funds in accordance with the requlrzmenta os appiicabte law. If t�e araount of the Fartds held by Lender at any. __
<br /> � .. time is not suffisie,qt to poy the Escroiv items when due.L�er�der muy so notify Borrower In writirrg.and.in such case Batcow�r. -- --
<br /> ,�: .'� sna11 Qay to Lensier the omount rtecessaay to make up the deficiency. Bortower st�all ma[ce up the de�cieacy in na�oxa•thi�n
<br /> � twelve mont6ly payments.at Lender's sole discrctioa. �
<br /> .: Upon payroent In�fiatl of aii susns secured by th3s Security Instrument. I.ender shall pmmptiy refund ta Ptntrmve;�any. ,-
<br /> � Fcu�ds hetd by Lender.IP.under patagraph 2t.Lender sI�a11 acquire or sell the Property.Lender.ptiar tothe aogui��lab�or sale�• ,
<br /> � of the Praperiy. shull apply any Funds hetd by I.erider at the time of acquisitiaa or sale as�cre�it:a�ainst the suirisse�ced by�: ,
<br /> . . this Scturity Inswment. . "_;:
<br /> � 3.Applicatton otAtyments.Un2��s applicable tew pmvides othtrnise.ali�ppymenta rec�eive�dy Yxn�er und�r p�xpg�l��• � ; .'�=��
<br /> � :, 1 and 2 shnli'Go applied:first.to any pt�puyment c6arges due undor�tlb Not�; seoond. to amounta ppyabis uaddr•ppit�;�p'�1I�%;.� ..; .:'�_...-.._
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<br /> third.to inturest due;faurth.to princlpal duo;and[a5t.to arry tate cbiuges dae under the Note. �' , " ":. :;.;,+� —�
<br /> .°;,:;•'. : � 4.Ci�rges3 Lien9.Boaower shall pay all taaes,assessments;clu►tges.fines an�impositions attn'butable;G N��t�s�;.�;.�,.,,�_• �-.-
<br /> � •- vWh3cb may attain priarity over this 5ecurity Instcument.and lease�"►old paym�~.�.c ar ground rents.if auy. Ei�rroEver sh:�.t:icay:':� �-
<br /> � thcse obUgations sn the manner providecl in paragraph 2.or if not p�:d in t1�at c�anaer.Borrower shall�ay s'hein o�t titne di�n',ctiy . -� "''-�-
<br /> -� � to the person ow�ed paymenG Borrower shall promptly fwnish to F.r�dsr all not�ces of amounts to be paid under this pata�raph-
<br /> � if Borra�ver�nalces these payments directly.Borrower shall promp�:V�r namish ta Lender retxipts evideaciz�g the payments:. ' : _
<br /> • Borrower shs�p promptly discharge any tien which has priorn2�!aver this Secur�ty Instrun;i�.untess Borrower:(a)ss��s in ��
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<br /> • , writing to the payment of thv obligation secured by the lien in a manner aocept�l.to Lender;�`b)coniesta in gdod faith the tien :�
<br /> by, or defeads agulnst�nforcement of the lie» in. legat proceedings whIch ��•'�e Lender's opinion operate to�prevent the .
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<br /> •� enforcement of tbe lien;or(c)secures from the E�older of'the tien an agreement sadsfactory to Lender subordinating the lien ro �:
<br /> • � this Security Insm�ment. If Lender determines that any part of the Property is subject to a lien which may attain priority over . ��
<br /> ' this 5ecurity lnsrntment;!�tnder may give Borrower a aotice idemifytng the lien.Borrower shali satisfy the lien or k3ke one ar
<br /> ' . � more of the actions set foit�'ahuve within 10 dnys d:tko•�ivin�of notice. . ti�
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<br /> ' • Form 3028 9/90 -1-
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