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<br /> 'FO(3ETHER WI'1�1 all the impmvemeata now or heceafter erected on the praperty,and all easemen ;npp nanc�.and -.�.;
<br /> ftxm:es aow or hereafter•a part of thx prope�}+. All replasements aad uddiflons shal1 alsQ be wvered by thia Sxurity �. �:, .
<br /> lnsuument.All of tlie foregaing ia referred to ia this 3ecurttg►Instniment as the'Property.-
<br /> 5 BORR�WER COVENANTS that Borrower is lawfiilly�ei�ed of the estaze hereby coaveye�and has the rlght w�ant and _�'_
<br /> .., convey the Pcaperry aad that the Progerty is unensumbered, except for encumbraaces of reooid. Borrower waaants aad wlti ��:c?4;�
<br /> . defead generaliy the ti8e w the Prapecty aga.inst all claims and demaads.sublect to aay eaeumbraaces of reoord. h
<br /> • 'fHlS SECURITY INSTRLJMENT combines unifo�m covenants for national use an�non-uniform covenants�vlth limited ���f..
<br /> variations iry jurisdiction to constitute a unifoim security insm�ment oaveria�real property.
<br />°�.; UNIFORM COV&N�ti3TS.BOItOWEi ffiid LCItdCt CAVP.tt321t 2a.tl 2g[P�C 2S f410VIS: �.?-,:'�
<br /> . 1. Faymen3 oY Pc�Inclpal attd Iater�s3; PrcpaYment aad Late C�ye�. �u�vrer shall prom�tly pay when due the �"",
<br /> �d lat�cbaa�es due uc�er the Note. f. �, �;,
<br /> F�PaI of ansi interest on the debt evfdenced try the I�tote and zuY F��Y�� '�x,
<br /> 2.Fbn�s Por Taxes a�ctd Insi�usuce. Subject to agpUcable��+or to a�r�uen craiv��y Lea3Qr. tdorrower shall pay to �r..r,;
<br /> I�end$r on the day monthlY Paymeats are due under the Note,until t�s ATote is pa:�i��.�:s�n('FTmds°)for.(a)yeardY taxes , '.'._:
<br /> -^ aad ass�ssments which x�y attain priorlry over this Sec:urity rn�i,,,m�c�a�:zn��.*..°.�c��rs.y;(b)Y�Y leasehold gay�*•s 1__
<br /> �`!�
<br /> ' or grannd rents oa ths PropgrtY,if any:(e)YeariY ha�r�or gmpeatY ffis�rne�..:-�;:�t Yearly fl�d m�,*�,*P p;��, - - _
<br /> if anl+;(e)Ye�IY�&��uT�Preminms,if an�:au�t(fl aa�}s�s PII}a�le by�'s�er to Leasi�, in accflrdaace wix� � _
<br /> . the provisions of parage�ph 8,in Iien of the paymeat of mortga�a�s`�:.'�Preminais.l��items are called°F.�zc L�e�s-" ��
<br /> Lender may, at aaY wtte+ eolleci�hoid Fund�iu au amou�not w ex�eett the*na�'�amovnt a tenie3 f�s 3'�sc+.saily �"":
<br /> e
<br /> for Borrower's escrow accowit�der E��r.deial Real Estate Seitie�t Fsa�Act o# �s-"
<br /> .. related martgage laan may�qu'sre e t.. �.
<br /> 1974 as amended from time to time, 12 U.S.C.5�ion 2641 et seq.('RF�"I'A').unless another la����lies to t�e Fnnds ��
<br /> L�'•..
<br /> sets a lesser amount If so, Lender may, at any#�e, oollecc and hold Funds in an asount noi ta ex,ce�d Z`.�lesser amonat. L;��.-
<br /> Lender may esthnate the ammmt o€Futtds dne on the basis af carrent data and reason��e�es�mates of�ditc..*es of fumre �..' '
<br /> ., Fscraw#tems or otherwise in aocondanae arith applicable la�a. .. . . � �j'
<br /> er s a
<br /> iusta�mentafit}+�`ox e�titY -
<br /> 'Fi� Funds shall be held 'm xa institution whose depas�rs a:e insured bY a fec�..� agency, • �o;_;-
<br /> ('mcluding I�ender,if te�nder is su�h an instiu.�an)�r in any Federal Ho�.lt,n.��ank.Le�der shall agply the Funds ta�y t�: .. ==�.=
<br />' Escraw Iten�s.Leadei may nat c�arge Borrowe3 for holding�d aPPIY�S:�e���s.an�ually analyzing the es+craw account.e3 ''
<br /> Ai " J:�jF:
<br /> verlfiripg.ihe Bsct+ow IteXns.ualess Leuder pays�Borcower inteiest on the Fu��s w:.ci�I:�b2$taw permits I.ender tm�sus�s �' ^
<br /> er ria real estate tax r�s,,,,.yice 19
<br /> � a eharge.I�owever.L�mder may�ire Barrower to pay a ane-dme charge:cr an�ut
<br /> ar
<br /> �
<br /> ased by I.ender itt oonmectioa caaY�s d�is lo�, am1ess applicable law �r�c�.� ��ar�r•se., Untess 2n agrcemeai� :� � '��,�;r =
<br /> r��d Fs�'t�a,r�s���:2ras wzr�ezrniags on the�t�s. x^;;�;�
<br /> , a p pUcable latv requic�uaterest t�tra pai�,��lsr�saaU not be ra .� ` .``
<br /> � Sosmwer aad Lender t�say a�ree m��g>fr�':ver. t h a i i�r e s i s h a l l T ae��i a n t i���.L e n¢z:�a ll g i v e t o B o n d�� 'k��s;;"�_
<br /> witha�+�arge,an aanual ac�:urar�of the Funds.shmvi��dits and debits ta ti��'�.s and the purpose foz whieh eac� ' _ -----__
<br /> � ' debit to the Fuads was made.The�'ands are pledged as additsr,�al securiry for all sams�d by this Security tnstcument.
<br /> � If the Funds held by Ixnder exceed the affiounts permitted to be held by agplicable taw,I.ender shall acco�t to Bonower �:..,-,:.
<br /> for the excess Fuads in axordanse with the requirements of appl�sable law.If the amount of the Funds held by I,euder at any
<br /> „ time is not suffleient to pay the Fscrow Ite���th�fici�g Bonrtow�shall maloe up the aIId.snc�y in nn mo e�than
<br /> sha11 pay to I.�nder the amaunt neceesuY --
<br />� • twelve mnnthly payments,az Lender's so2e discretfon. � =
<br /> � . llpoa payment in fuU of all sums sea�red by this Securiry rfl + n�,Lender shall psomptty relim,d to Borrawcr�ay r,,:_—
<br /> �
<br /> , Funds betd by Lmder.If,uadac paragraph 21.Lender ahali acquite or sell the Pcopeny.Lender�P�ior to the acqulsition or sale
<br /> . of the Property,sha11 apply aay Funds held by Lendcc at the time of acquisidoA or saIs as a credIt again,�t tha eums saaued by
<br /> - t�is Seearity�e�„nanr, �-
<br /> � 3.Aypiicatlon at Payments.Unless applicable law provtdes otheswise.all paym,°nts received by Lender uader pata�raPhs
<br /> . �1 aad 2�u11 be aPPlied•Rrst.w anY P�PaY�t�g due�mder the Note:second.w amounts payable under papagreph 2:
<br /> � • thirA,to�nterest due;fourtL.to principal due;and la�t,to any late charges due uader the Note. �,-,
<br /> . ''' 4.Ci�esi Id�.Boaower shall pay all taxes.asse.s.sments.charges.fines and impositions amlbniable to the Praperty �,..
<br /> • tVlll�l fil'l�j! 8ii8I��iTtB�tjt OYCf thU S:xSlllty Tnat��m�nt� an_d I�sehatd gaymenta o:ground rmts,if any. Borrower shaU PaY ---
<br /> . � theae obBgatfans in the manner provlded in paragrapfl 2.or if not paid in that manner.Bo�wer sha11 pay them oa dme direstiy
<br /> to the peison owed payment.Bo3rowar shall p�+omptiY tumish to Lender all natices of amauats to in paid under this paiagraph. �.
<br /> ' � If Bormwer malces these payments direaly,Borrower shaU pmmptly turnz�.b to Lender receipts evidencing the payment5.
<br /> Bosrower shaU pmmptly dischazge any lien which hag priorIry over t�:s Secattry Instrument unless Boaower:(a)a8rees in
<br /> . writiag to the payment of the obligadon secvred by the lien in a manaer acceptable to Lendes;(b)comests in good faitl�the lien
<br /> by. or defends against enforc��ment of the liea in. legal procsedings whicL in the Iender's opinion aperate to p�e++ent tfle
<br /> ea,forament of the lien;or(c)sec�ues from the holdzr of��e D'a�an agreement sat�f�sarr w IRnder subotdinatin��e lisa w �:1e.:;
<br /> ` thia Security Instramcat.1i I�ender deurmines that any patz of u::Pro�t3r is sabjeGt�o a lien which may aitaln priorlry o�
<br /> ' - this Security Ia�trument,Lender may give Borrower a r.otse i:entifying�tre Sirn.Bcrrawer sha11 eatisfy the lien or taYe one cr: .�....
<br /> � .. mora of the xtions set forth above wlthin IU days of the g'ivi�g of notice. —_
<br /> �";
<br /> . Fccm 3►D28 9190 —" _
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