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<br /> TQGCTNER WI'l'FI adl thc impruveinents naw ur here;►ftcr erected on thc properry, ur.d all ca�cmcnis,appurununccti,nnd :
<br /> tixwrez nuw or herenfter a pan of thc property. AU replacements nud additionti shull i�lsa he ci�ver�
<br /> d by chis Sccuriry 4
<br /> ' lotitrumcnt. All uf tfu furc:guing is rcfcrrcd ti�in this Security In,trumcnt .�s thc "Praperty. �+
<br /> ' 13Q�RROWElt COVENANTS tQ�at Barrowcr is Inwfully sciscd i�f th�cstntc hcreby cun�cycd und huy thc right tu grunt anti �.
<br /> ���nvcy thc Property nnd that thc Property is unctuuntbcred. cxccpt far cncu�uhranccs uf recorJ. Borrowcr wuerants und �vill �;
<br /> �� dcfcnd gcncr�dl y thc tidc ta thc Propeny agninst ull cl,►��»������a��„��►�a�, sub�cct to any cncumbr�incc+uf ruord.
<br /> '"�;: THIS SECU[iITY INSTRUM�NT com bincs uni fonn co v e n u n t s f o r na t i o na l u s e i u t d n u n-u n i f u r m arvenunts with lirnitcd �__
<br /> � variuticros by jurisuictiim to constitutc u uniform sccurity intitrumcnt cavcring rcal property. �,'
<br /> UNIFORM COYENAN'I'S,Borrowcr and L.endcr covcnant undagrec as fallows:
<br /> bM'� 1. Pay�nent of Princlpul and I�iteresh 1'repuyment mid l.nte Chary;es. Borrowcr shall promptly puy when due the ��•
<br /> n� Y P P Y --
<br /> principnl of,uid interest on the debt evidenced by the Note and an rc a ment and fate charges duc undcr the Notc. �
<br /> �. �. Funds Por Taxes and Insurance. Subjcct to upplicablc luw or ta n writtcn�vuiver by I.cndcr, Borrower shall pay to -
<br /> � � Lendcr on thc�fay monthly payments are duc under thc Note,until thc Notc is paid in full,a sum C'Funds")for:(a)ycarly taxes
<br /> � ;�id assessmcnts which muy nttain priurity uver this Sccuriry Instrumcnt as a lien on thc Property:(b)ycarly Icasehold payments -
<br /> �� or ground rents on the Propeny,if a»y; (c)yearly hvurd or property insurance prentiwns;(d)yearly flood insurance premiums. __
<br /> if any; (e)yearly mortsage insurnnce premiums, if any;and(�any sums puyuble by Borro�ver to Lender, in accardance�vith
<br /> '��`; the pravisions of paragraph 6. in lieu of the payment of mortguge ensurance premiums. These items nre c;illed "Escrow Itenu."
<br /> • . � Lender may, at auy tin�e,collcct and hald Funds in an amnunt not to exceed the maximum amount a Iender far a fecierully
<br /> related mongage loan may require fur Borrower's escrow account under the federal Real Estate Settlement Yrocedures Act uf
<br /> 1974 as amcnded from time to timc, 12 U.S.C. 5cction 2601 et sey. ("RESPA"). unless nnother luw that applies to thc Funds
<br /> _ _..;,,�.; sets a lesser amount. If :;o, Lender may, at any tinte. wllect and hold Funds in an amount not to exc�ecd the lesser amount. _
<br /> ',; Lender may estimate the amount of Funds due on the basis of current data ctnd reasunable estimates of expenditures uf future
<br /> ' ,; � Escrow ltems or otherwise in accordnncc v�ith applicable luw.
<br /> The Funds shall be held in an institution wliose dsposits are insurcd by a federal agency. instrumentality, or cntity
<br /> (including l,�nder, if Lender is such un instiwtion)or in any Federal Home i.oun Bank. Lender shull appty the Funds to p:�y the _
<br /> '�,:.�;�;,, Escrow Items. Lender may not charge Borrowcr for holding nnd applyins the Funds,annually analyzing the escrow account,or
<br />-'=��`���'-�'" verifying the Escrow ltems,unless Lender pays Borrowar interest on the Funds and applicable law permits Lender to makc such
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<br /> �y;-,. ; a charge. However, Lender muy require Borrower�o pay a one-time charge for un independent real estate tax reporting serv�ce
<br /> - ' uac�i uy ;,e�',de. �n .cnr.e::iQr. �itn r�ic In:�n: unless ap�licable luw providcs otherwise. Unlcss an agrcem:nt is m^dc•or
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<br />:,.�;;,• ••..�, � applicable law rcquires intcrest to be paid, Lender shall not be required to pay Borrower any intcrest or caming�un ti�c �•u��..�.
<br /> 71�,:�is
<br /> "_`�°��.: �: Bonow�r and Lcnder may agree in writing, however, that interest shall be paid on the Funds. L.ender shall give to onower,
<br />_-;���y'� without charge, an annual accaunting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> -=-__'"-:�� debit ro the Funds wus made. The Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> _`�"°"`="`_°m-��� If the Funds held by I.ender exceed the amounts permitted to be hcld by applicable law, l.�:nder shall account to Borrower
<br /> ����_ e1A�'� for the excess Funds in aaordance�vith the requirements of applicabls law. If the amount of the Funds held by Lender at uny
<br />- J""`��� time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such r,ase Borrower
<br />�•W'���� shall pay to I.ender die amount ne:essary to mnke up the deficiency. Borrower shall make up the deficiency in no more than
<br /> '`4�`�'�� twelve monthly payments,at Lender's sole discretion.
<br /> ___ - Upon payment in full of all sums secured by this Security Instrument, Lender sh�ll promptly refund to Borrower any
<br /> �- - Funds held by Lender. If,under paragraph 21, Lender shall acquire or sell the Property,L.ender,prior to ihe�cquisition or sale
<br /> ----�-- of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit ugainst the sums secured by
<br /> �°�= this Security Inst►ument.
<br /> - ----= 3. Applicution of Payments.Unless applicable la�v provides otherwise,all payments receiveci by Lender under paragmphs
<br />— _ 1 and 2 shall be applied:f rst,ta any prepayment charges due under the Nate:second. to amounts payable under para�raph 2;
<br /> - - third,ta interest due;fourth. to principal due;and last,to any late charges due under the Note.
<br /> —=-_.,,�� 4. Chacgcs; L[ens.Borrower shall pay all taxes,assessm�nts,charges,fines and impositions attributable to the Property
<br /> ----~� - whish may attain priority over this Security Instrument, and leasehold payments or�round rents, if any. Borrowcr sl�all pay
<br /> — -- = these obligations in the manner provided in paragraph 2,or if not paid in that manncr, Borrower shail pay them on time directly
<br /> � ��= to the person wved payment. Borcbwer shall promptly furnish to Lender all notices of amounts to be paid under this paragraph.
<br /> _,...,.�,..�,�� If Borrower ma4es these payments directly,Borrower shall prornptly furnish to Lender receipts evidencing the puyments.
<br /> �:-�';'�;� Bonower shall promptly discharge any lien which has priority over this Secunty Instrument unless Borro�ver: (a)agm,�:s in
<br /> ___��:yi:";�; writing to the payment of the obligation secured by the lien in a manner acceptnble to Lender;(b)contests in good faith the lien
<br />`°'"A';"�Sr�i.:'""'"+ by, or defends a�ainst enforcement of the lien in. !egai proceedin�s which in the Lcnder's opinion operate to prevcnt tfie
<br />- __ �.r.-;�; enforcement of thc lien;or (c)secures from the holder of thc lien un agreement satisfactory to Lender subordinating th�e lien to
<br /> ''��•'�;;• this Security Instrument.If I.endcr detcrmincs that any pan of the Property is subjcct to a lien which may attain priority over
<br />- ' 'V' this Securiry Instrument.Lender may give Borrower a notice identifyin�thc licn.Borrower shall sntisfy the lien or take one or
<br /> ::r:';.. =-,'?:�`:, ; more of the actions set forth above within 10 days of the�iving of nutice.
<br /> _ Form 3028 9I90
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