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<br /> 92_ sos�e�
<br /> ��� TOOETHEIt WITH all�hc improvemente now or hercafter erccted on the property,wnd�II easerrtienu,appurtenancea.w�d
<br /> tlxtures now or heratfter a ps�rt of the property. All replecements and additiona shall olro b� covered by thic 5xurlty
<br /> -- In�trumcnt.All of the foregoing is referrcd to in this Security Inatrument as thc 'Ptoperty."
<br /> — - BORROW�R COVENANTS that Borrawer ia lawfully selsed of�hc estate hrreby conveyed and has�he �Ight to grAnt and
<br /> — - convey the Property And that the Property is unencumbered, except for encumbrancea of rcxord. Borrower watr�us ord will
<br /> � defend genemlly the tfde to the Property ugainqt all c1Aim�und dernands, subject to uny encumbrunces of rceord.
<br /> — THIS SECURITY INSTRUMBNT combines uniform covenants Far national use sind non-uniforn�covenents:+�ith limilod
<br /> .w'� vYriations by jurisdiction to canatiwte a uniform security lnstrument cmering re�l praperty.
<br /> �. UNIFORM COVENANTS. 8orrower and l.endcr covenant s�nd agree as follows: ' -
<br />- 1. Poymeat ot PrincipW and lnterest; Prepayment and I.�te Cfwrges. Horraaer shall pramptly pay when due �he
<br /> principal af and interest on the debt evidenced by the Note and any prepayment and lute charges due under the Nate.
<br /> ---- Z. Funda tor Toxes and Insurnnce. Subject to applicable law or to a w�itten waiver by lxnder, Borrower shall pay to
<br /> � .„ L.ender on the day monthly payments arc due under the Note.until�he Note is paid in full,a sum('Funda")for:(a>ycarly ta.ces
<br /> and assessmenta which mny attain prlority over this Security Instrument as a lien on the Propeny:(b)yeiuly leasehoid payments
<br /> ;;���„-- or ground rents on the Propeny,if any:(c)yearly hazard or property insurance premiums;(d)yearly flood insurun��e premiums.
<br /> �,,�.. �' if any; (e)yearly mortgage insurance premiums. if any;and(� any sums pnyable by Borrower to l.eader, in accordance with
<br /> �+:*t'� the provisions of paragruph 8, in lieu of the pnyment of mortgage insurance premiums. These item�:are cellod"Escraw Items."
<br /> --= � tr; Lxnder may, at any time,collect and hold Funds in an amount not to exceed the maximum amount a Iender for a federelly
<br /> ' '`'� related mortgage loun muy nx�uire for Borrawer's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> ��g�-°� 1974 as amended from time lo time, 12 U.S.C. Section 2601 er sey. ("RESPA"). unless anolher law thal applies to the Funda
<br /> '���:-"��. sets a lesser amount. If sa, I.ender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount.
<br /> � �F��� ' ^� Lender may estimate the amount of Funds due on the basis of current dala and reasonable eslimates of expenditures of future
<br /> ���?=n:4�:`„a�F;;:'i:s..,•;.,
<br /> �.,.,.-�,�:.,• ...,t.Y f;,; F.scrow items or otherwise ia accordance with epplicable law.
<br /> _.��{p'',`•� .,•„w The Funds �shal! be held in an insdwtion whosc deposits are insured hy a federal pgency, insin�mentality, or entity
<br /> �'k� " (including Lender,if Lender is such an institution)or ln pr►y Federal Home l.oan Bank. Lender shall apply the Funds to pay Ihe
<br /> it� ..
<br /> : �- ��' "� Escrow[tems. l.ender may not chArge BoROwer for holding anc! npplying the I=unds,annually unulyzin�ihe escraw account,or
<br /> '"`���?�► (^ verifying ihe Escrow Items, unless L.ender pays Borrower interest on the Funds and applicuble luw permits Lender 1a make such -
<br /> �_�..r,.ar.�r_:�:;...3.�, ..
<br /> � +.�;;;�x�,�•.,, , a charge. However, Lender muy require Borrower to pay a one-time charge for an independent reai esture tax reporting service _
<br /> . �._,
<br /> =•�'�'''''" �' used by Lender in connectiun with this laan, unless applicable law provides otherwise. Unless An agreement is made or �
<br /> -�..,,.�. , :'.'. . , �'..
<br /> applicable law requires interest to be puid, Lender shall not be required ta pay Borrawcr any interesl or eamings on the Funds.
<br /> — '�t�y��Y• '" %~"�f� 8orrawer and L.ender may agree in writing, however. thal interest shall be paid on the Funds. [.ender shall give to Borrower,
<br /> - µ.�O' �, ...�.�_. .
<br /> ��:.•:•:+�.�^•��-�` wirhrnn charge. an annual accounting of�he Funds, showing credits and debits to ihe Funds and the purpose for which each
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<br /> ' . .��,;. debit to the Funds wt�s mude.The Funds are pledged a,additionul security far all sums secured by this Security Instrument.
<br /> _ ;��� �• �. • If the Funds held by Lender exceed the nmount.r• permitted to be held by applicuble law,Lender shall account to Borrower
<br /> � for the excess Funds in accordance with the requirements of applicable luw. If the amount of the Funds held by Lender ut any
<br /> -_ ,. � : �, time is not sufficient to pny the Escrow Items when due, Ixndcr may so nutify Borrawer in writing,and,in such rase Borrower _
<br /> __�, •, shAll pay to Lender the simount necess•rry to make up the defiriency.Honower shull make up the deficiency in no rn�re than
<br />".'� -� , ;' �' ' " twelve manthly puyments,at Lender's sole discretion. _
<br /> � e• • .:;•
<br /> °r��`" - ��� Upon payment in full af all sums ,ecured by this Security In+trument, Lrnder shall prompUy refund ta Borrower any
<br /> :�; �.:- -
<br /> ° � '� Funds held by Lendcr. If,under pars►gruph'_'I. L.ender shull ucquire i►r scll thc Property,lxnder, prior to the acquisition or sale
<br /> -- :v��{'�;;'� of the Property,shnll apply any Funds held hy l.ender nt the time nf acquisition or sule as a credit ngainst the xums secured by
<br /> _,, �
<br /> -:� ` ,¢,nr� . _ . this Security In.r•trument. _
<br />" °" ., " 3.Application of Poyments.Unless�pplirable luw provid�ti otherwise,all paym�nts received by l.eixier unJer puragraphs _
<br />_�� �h,,.�„c- ;�� 1 und 2 shall bc upplied: firs�,to uny prepuyment rhurge,due under�he N��te; serond,to:unounts payablc under puragraph 2;
<br />-� fi�"'" „�;, �,� third.to interest due; founh,to principal Juc:nnd lust,to any late churges due under the Notc.
<br />-�- ' � �`� 4.ClwrRes; Liens.Burrnwer shall puy all tuxe�.nsk:s,ment., churges, fines and impositions attributuble to the Property
<br /> � � '•�� x„ , _
<br /> - ' �;,: which may attain priority nvcr this S��urity Instrument, and leaseh�►IJ payment� ur smund rents, iP �ny. Bormwer shall pay
<br />_�;:� ��� ,. ° these obligntinns in thc manner pr�wided in purugruph 2,ur il'nut puiJ in�hut nwnner, Borruwrr shall pay them on time directly
<br /> 'j" . . .. ' . to the person owed puyment.Borrowrr zhull pnimptly furni�h t�� l.enJer ull notire,ol'anx►um.r tu tx pAid unJer this paragraph. -
<br /> . � If Bnrrower makes thcsc puymentx Jir��tly. &�rr�iwcr.hull prumptly furni�h tu Lrndcr rcrcipt�rviJencing�he payments.
<br /> �,:'�r�. � Borruwer tihull promptly dischurge•rny lien whirh ha�priority u��cr thi,Security In+trument unless Borruwer: (n)agrec.�s in
<br /> .,� , �.. ..
<br /> , �� .r;i;%;, , '. . writing to�hc payment of the obligution zccur��l hy thc licn in a mm�ner ucccptuble a�Lendrr;(b>rontr�ts in good faith the lien
<br /> by, or Jefendr aguin,t cntimement of thc lirn in. IcEul pr�x��dingti which in dk L.�:nJrr'. upiniun apura�e tu prevent the
<br />- '���� ' enPnrcement cif thc lien: or Ic1 tierure�t'rrnn�hc h��IJrr of thr lien an a�reemcnt.:�ti.l'uctar��ta Lcndcr+uburJinating the lien to
<br /> .�`�, . � this Sccurity Inslrumern. II'LcnJcr dclermine+that uny part�,I'thc Prnprny i,.uhjert w:� lirn �vhirh may attuin priority nver ,
<br /> *.,, • ' this Sccurity Intitnmient. L�ndrr may givc Borruwrr a natirc idcrnit��ing thr lirn. HurruHCr.hall .ali.tr thr licn ur tukc onc cir _
<br /> more of thr u�ti�►ns set funh ubuve within I(1 Juy,ut'th��!iving��f nuiirr.
<br /> : �. Form 3028 8/90 _
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