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<br /> TOGfiTHER �VITH all tlte improvcmen�s naw or herr,aftcr crectcd on the propr���di all easemenrs,appurtenana:s.and . , �� _: . �.-
<br />, fixtures now or hereafcer a part of the progcrty.All repla;ements and addi[ions shaU also bc covcred by this Security Insvumei►t . •
<br /> All of the foregou�g u refeared to in shis Secunty insvument�s ihe"Property." .. •
<br /> � BORROWER COVfiNANTS that Borrower is lawfully seised of th�estate hereby conveyed and has the right to gant and . � �--
<br /> convey the Proper[}• and that tfie Property is unenain►bered.excePt for encumbrances of record.Borrower wairanu and will (.� ..
<br />_ defend ges�esally the utle w the Property against all ciauns and dema.n�J.�,subjeet to any encumbrances of record. � •
<br />� TH1S SECiJRITY INSTRUMENT combines unitorm covenzr►ts[or national use and non-uniform covenants with liirutc� -- � - - -- _� -_
<br />, variations by jurisdicuon w cons[imte a uniform security mssument covering mal property. :
<br /> UNffORM COVENANfS.Borrower and Lender covenant and asree as follows: � � ' �
<br />` ' 1.P�yment of PP3ndpal and Interest;PreQayffient and Late Charges. Borrower shaU proaaptly pay when due the
<br /> principal of and interest on the debt evider.ced by the Note and anY W�Yment and late charges due under the No9e. -', '� :`+;.:'':" ':. ;'
<br /> Z.Funds for Taxes and Insuraace. Subject to applicable law or [o a wriaen waiver by Lcnder. Borrower shall pay tn .:,�:,:,,�,;,.:,%;�J�.� 1` -
<br /> ' Lender on the day monttily pa}mients ara due under the tiote,antil the Note is paid in full.a sum C'Fnwds")for.(a)yeady taaes � • •c?,.;;.=_-_`__=_`-_
<br /> '� and assessments whicd may attaui priority over lhis Security I�ment as a lien on the Frope�ty: @)yearly leasehold paymer►is Tl_,.,._;�,;�=---
<br /> atta '
<br /> � or ground rznts on the Property,if any:(c)Year1Y na�ard or pmperty insurar►ce premivais:(d)Yearly flood insurance premiums,ff •_ , �:�'��..., :
<br /> �,
<br /> anY:(e)YearlY mortgage insurance praniums,ii any:and(fl any sums payable by Ba:rowes to Lr,�der.m accordance wiib rhe t: :r.,.,. _ ^'':"'s,-`Tr•
<br /> provisians of paragraph 8, in lieu of the payment of mo�ge insvrance premiums. 'Ihese irems are called "Es�ov�Icems." _ _
<br /> Lender may,at any time.collect and hold Fands in�amoant not to exceed the maaimum amoant a teadea for a fedeJally s�ated +,�'�
<br /> : ' der the federal Real Tstate Senlement Peocedures Act of 1974 as �'��.� . `'�,����
<br /> . mongage losn may requue for Bormwer s escrow actouat un � , .., _•, ,
<br /> -amended from time ro time,12 US.C.Section 2601 et seq. ("R&SPA"),unless another law tLat applies co the Funds seis a iess°.r #��;.. � �
<br /> , � tLa . ''�
<br /> :.� . amount ff so. Lender may.at any time, coIIeu and hold Funds in an amount not to exceed the tess�amasnt I.ead�a aaaY '`-?-`_,.y°`,�`'r'''�°-°.`
<br /> : �.�•:.r�c9�.�u.::�:.�
<br /> .�;:._w.:.
<br /> �� � - esumafe the amount of F�ds due on thM"�asis of ciureat dara�d reasonabl�nalES of e�xpe,ndinues of future�scco�v Tce�s ar ,..: �,'r�:�'...
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<br /> � Q�BIWLSC 1I18CC0I(�'IICC W11t1'dpp�1C'db1E�"Wi . .��,,,x,q ;•y.'�•�••..':��.
<br /> The Funds shall be held in an instianion ahose deposits�e insumd by a federal agency,insaumentality,or eatttY(inctuc� _ 4:;—
<br /> - Lendea.if L.e�dea is such an ms6tution)or in any Federal Home Loan Bank.L.endes shall appl�•the Funds to pay the Fsauw ,_�." .� :�:`
<br /> �- Items.Lender may noc charge Bonowa foz holding and applyiag r�ce Funds.annuaily analyzing the esarow account,or v�a µ
<br /> the Fscrow ��ms,unless I.c�der pays Borrower interes[on tLe Frr.��s and applicable law permits Lender to matce such ac�ias�w �'� ,?`
<br />";�s��,• However,i.°,der ma}• require Borr�a�to pay a one-time charge�.�:an independent real estate tax reporting s�svice�f i'.y ". ,�,.�::� :
<br />`��F'•:; Lender in:.�:u►earon w-isip:this loaa,anless applicable law pmvides othenvise.Unless an agreement is ma�e ar applic�:'Ie::w �� s �..
<br /> ��quires interest m be gz,:�,Len�er sball not be req� to pay Borrower any interest or eamings on the�+iucis. Borrower and '"���'�.�
<br /> ,.:t.
<br /> Lender may a�ee in writ�a.however,that int�est sha9 be paid on the Funds.Lender shall give to Bomnwer.without c6arge.an s �
<br /> annua]acc�.mting of the Funds.showu►g credits and debits[o�he Funds and the pwrpose far which each debit to the 1Funds was ° ,��:�, .��;;� :. '
<br /> �! 'r�<. ,:i},
<br /> made.Z��cnds aze pledged as addi�iec.1 seciuity for all sums s��.,d by this Security Insmtnrc�a_ �!'r''fJ; `_ t, '�.
<br /> � � If the Funds held by Lender eaceed the aanounts permiued to te�sld by applicabte law.I��•�shall account to Bomawer for "' ••�i :, :
<br /> the eacess Funds m accordance with the reyuiremea�u of appficable law.U ihe amount of the Funds hetd by Lender at any time is
<br /> not suf�t to pay�he Escrow Items when due,I.ender may so norify Bonower in writing,and,in s�ch case Boaower shall pay ,.- ,- . `'.!' '
<br /> to Lender[he amounc necessa�y co make up �he deficiency. Be:rower shall make up We deficiency in no mnre than e�veive ___ ____-''�:;`
<br /> . monthly g�-.�ents,at Le�cder's sote discredon. ;�
<br /> � UPan PaYment in full of all sums secured by tLis Sec�uity L*�..mra�t,L.ender shall prompdy refund to Bonower any Fnnds =-
<br /> hedd by Lender.If.uada paragrapb 21.Lender shal]�cquue or s;ll the Aoputy,Lendes.Prior w the acquisiaon ar sale oi the - --- «�
<br /> ' Property,shaD appi}•any Funds held by Lenda at the dme of a,:zuisition or sate as a cxedit agaiast the sums seaued by ihis _ s �,••,�� -
<br /> Securiry L.�ument ... `�:.. . ��
<br /> 3.�6r�tion of Poyments. UnL�s applicable law provi���`�erwise.aD paymeAts recezved by Lettder tmdQ paraa�aP4ts ��,�.:}�'�`'ti�,. .
<br /> ar
<br /> 1 and 2�be spplied:first,to arsy�repayment charges due�the Note;second,w ar.,�ts payable under p�ragaph Z: ,r4, '�,:��`-:;-:_
<br /> thad,tn inwESt due:faeu�,w yrincipal due;and last.to any late charges due under zhe Notc. ."`" �� •:v Y
<br /> � 4.Charges;Lier,s IIA�rmwer stiaU�ay all taxes.aucssrneats.charges. fines and impasitions ams�ntable td the Property `=� . .. ;�: . I:. .
<br /> . . which may at�vn pria*:�,�rver this Seanriry L�ument,and leatehold paymentc or ground rents,if any.Borrowu shall pay these ��;'��4„+t�`"'�!�'�""..'
<br /> oblig�tiaas in the manna provided���aragaph 2.ar if not paid i�that manner,Bo�rowe�sh.ti:�ay thexn oA time directly tn the . -,4--
<br /> ;?.•,•, person a�.�r�paymenL =�.crower��rompdy fumish to Lrr�s�Il notices ef amounts :�: L•re paid under this paragraph. If. •��'��'."-
<br /> .r.�s ,-_ • -
<br /> . Brnzawer r�akkcs these�,yr,�ents direcdy.Borrower sha:2 prompily��:sish tn Lar�receipLS e:h::rncing the�/ments. •�.�.`.'�"-�'-
<br /> � Borrower shall pram�rcly discha`rSe any lieai whidi has priority over this Securiry Inswr.ir.�t unless Ec�e�ver: (a)agrees in ��.�''�_
<br /> • cvriring t�the paymem of the obligation secured by the lien in a maner acceplable to Lender;(b)coniests in good faith the lien ----
<br /> by, or dFl.�,zds against enfo�ement of the lien in, legal proccr�ii�gs which in the Lender's opinion operate to pnvent the �,;:_-
<br /> �;��...
<br /> � enforamw�z of t�e hen:or(c)secares hom the holder of�he iien an agreemem sa�isfactory to I.ender svbordinating ttre lien to -_ -,:•,
<br /> this Securiry Insuument If Lender determines that any parc of the Praperty is subject to a lien which may anain priority over this - _ �•-� ���`��=
<br /> . �
<br /> Security Insuumen�i.en de.r may give B o i r ow e r a n c t i c e i d e n ri f}nng t h e li e n. B o r r ow e r s h a U s a ti sf�•the liea or t a ke�ne or more _=..�::
<br /> � of the actioru set[onh above within l0 days of the giv�g of notice. a:��- ''
<br /> �
<br /> ,•' i: Foam 3028 9/90 ':-�.,y�. `
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