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<br /> _ _ - 96-�10425'7 ►
<br /> fl ttie im ruveY��ents no��or hereafter erectcd on the property,and nll c.�semcnts,nppunennnces,nn�i �
<br /> TOG6TH8R WITH n p i--
<br /> fixtarc:� no�v or he►•caftev �► pari of the properly. All replccernents and additions shall also be covereci by ihis 5ecurity I�_
<br /> G1SliU111C11t. All uf ei�e foreg n l ns i z rcfcrred to in�i�is Sccurity Instrurnent ns thc"Property."
<br /> ��'...
<br /> RO!"tROW�R COVENANTS that Aorrowcr is lawi'ully seiscd offor encumb ances of reco da 13otro�Yelr War ants�and vi 1 (
<br /> convey the Property nnd that the Property fs unencumbered, excep
<br /> defend generally the title to tlie Pro�erty aQainst all claims and demands,s�bject to any encumbrances of��ecord. �_
<br /> THiS SL�CURiTY INSTRUMENT combines uniform covenants for national use and non-uniforn�covennnts with limiteA
<br /> varintionw by jurfsdiction to constitu[c a unii'orm security instrument covering real property ,
<br /> 'UNIFORM COVENANTS.Borrower nnd i.cnder wvenunt und a�ree as follm�t: P p y when due ti�e �`—
<br /> ..�..,»..�..oi o„,� t�terests PrepoYment and Late Charpjes• 9onower shall rom tl pay
<br /> :,•i'gY.niuQ ua a a.v..v•• •.•._ .'3u�::.^.(S�f thP NAte. :_—
<br /> prin�ipal uf and interest�n tlie debt evid�nced by the Nate and auy p�epuYmcnc anu i«Lr C�!j'�,u,'^'
<br /> 2, Fund9[or Tsx�aud Insurance.Subject to applicablc law or ta a written waiver by l.endcr, Honower sh�rl pa�t�o� i
<br /> Lender an the day manthly paymcnts nre due undcr the Note,until the Note:is paid in t'ull, a sum("Fun�srl) I�easehold payments
<br /> nnd assessments which may attsiin priority ovcr this 3ecuriry Instrument as a licn on the Propert�Tb)flood insurance premiums,
<br /> or ground rents on the Propeny,if any;(c)yeur�y hazard or property insurance premiums: (d)y y _
<br /> if an ; (e)yearly mortgage insurance premiums, if nny;and(f�any sum�payable by 9onower to Lender, in accordunce witli !-
<br /> Y '
<br /> d►e provisions of paragraph 8�lectl and hold Fu ds'in a��am untenot to exceed thcmmax mu nitanlount a ender�tbr fede dlly
<br /> L.ender may. nt nny time, col
<br /> [Cfattxl�uuiibt�gu i�o R mer o time,�l2U S Cc Section 2601 et segndeRESYA'')YUnless uEutLer taw tfiat ppl es to the Funds _
<br /> 1974 as amended fr
<br /> sets s tcsscr amount. If so, Lender maY,sst any tim e bnsis of curre tddata and reuso b1c csuma es of�i•.xd{�'nd tures of future
<br /> I,cnder may estimate th�e amount of Punds due on th
<br /> Escrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in a�� institutian �vhoin anepFederal Home LoanYBank•L.e�de�r shall apply he Funds ta pay the
<br /> (including I.ender,if I.ender is suc�►an institution)or y ,
<br /> I:scr�w Itche L'sc ow Items nunlessrl.e der paysrBorrowernnterest onithe F nds nnd$applic.�ble I w'pZ�rmithLender oAm ensuch
<br /> verifymb t
<br /> a charge.Hawever,Lender may require Borrower to pa.y a onc-time charge for�u�iudependent real estate tax�reporting serv cr
<br /> used by Lender �n CO intere t to be taid,1Lcnder�shall otlbe required p°P�Y�QnOW�'a°y nterest or aeami bsnon�th Fundsr ',
<br /> applicable iaw requires P �
<br /> IIorrower�a�nd L.cp d ann��°a�countingrof he Funds,rshowi g credits�ar►d bit to the Funds andn he pturpo�se forpwhi h each
<br /> ..:i....s.� g . _ acco h�rhic Security Insteument.
<br /> dcbit uo the Funds was made.The Funds are pledged as additionat securiry iur�ti�ums�:ss�-.
<br /> I.ender shall account to Borrower
<br /> If the Fands held by Lender excecd tlie�►mu ieme�nt olf pplicableclaw.ylfphe�amount o�f the Funds hcld by I.ender at any
<br /> for the excess Funds in accordance with the req
<br /> time is not sufficient to pay the Escrow Items when due,I.ender may so notify Borrower in writing,and, in such c��se rrower
<br /> shall pay to I.ender the amnunt necessary to make up the deficiency. Borrower shall muke up the deficiency in no more than
<br /> twelve monthly paymenu,at Lender's sole discrTtion.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender S�ndcrmprior t the acqu�s tion or sale
<br /> Funds held by I.endcr.If,imder parugraph 21, Lender sh�ll acquire or sell the Property,
<br /> P
<br /> of the Propeny.shall apply nny Funds held by I.ender at the time of acquisition ar sale as a credit a��inst the sums secured by
<br /> this Securicy Instrument.
<br /> 3.Applicatton ot Puyments.Unlese APPmentcliar es duc andcrlt e Note'specond nt m nnts pu ble+mder paragraPh z
<br /> i and 2 shaQ be upplted:first,to nnY P P Y �
<br /> thixd.ta interest due;fourth,to principal due;and last,to anY�ate charges due under the Note.
<br /> 4.Ctutrges;�.acns•13onower shail pzy a!I taxes, ussessmcnts. charges, fines and impositions Attributable to the Propercy
<br /> which may attain pr:ority uvcr this Scx.urity Tnstniment, an�t leasehold paymcnts or�Broo'urn�d�r shall pay tlie�m on time d ic�tly
<br /> t hese o b l i g a t ions in the manner provided in paragi'uPh 2,or if not paid in thax manncr,
<br /> to the person owed payment.Bonower shall promptly fumisli to I.ender all no�ices o f amou n t s to be puid under this paragraph.
<br /> If Bonower makes these paymenu direcdy,Boaower sitall pr.om�pilYnfnrnrs�h��U'dyri��pment unless Bor owerm()agrees in
<br /> gorrowcr shalt promptty discnurge a��y�«���•••N••,�r..°_..,
<br /> writing to the payment of the obligation secu�ed by the lien in a manner ncce{��ublc to L.ender;(b)coniests in good tu�tn tne iic��
<br /> by, or defends against enforcement of the lien in, legal procu��ngs which in the Leseder's opinion opernte to pn:�ent the
<br /> enforcement of tlie lien;or(c)secures from the holder of che lien an a�ceem;s►SUa�t���`o�1'c wlrich mayYattain prio ityeover
<br /> this Sccu+ity Instcument. If I.ender determines that any part of the Yroperly ' J
<br /> iliis Security Instrument, Lender may give Bonower n notice identifying the li�n.Borrower shall satisfy the lien or take one or
<br /> mare of che actions sct farth nbovc vvithin 10 days oF thc giving of ttoti�e. Form 3028 9l90
<br /> P�90 1 Of 0
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