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<br /> �. � Q .�...��f....���._�..—�.... �J.—:r–rJsii, ...�.�_.�.��. ,i _ _ ___f�_'.: .
<br /> �� � �ar ����s��I � � ' . .
<br /> TOGETi�LER WITH aIl thc impru��ements now or he�eafter erecced un the property.and all eaxment�.sppurtcnanrc..:�nd . • . „ "
<br /> _ fixtures now on c�rNaftcr a part af the Pn'P�nY.��n��Icns�trv�ent asathc�1Propertysll �l,o be rn�ered by thi. 5ecuriry - - - --- -
<br /> ',_-..
<br /> Intitrument. A l l o f c hc f o r e g o i n g i.re l e r r c�d►n�i i i h ti ? -- -- �-�-
<br /> BORRO�VER COVEI�IANTS tt�at��,m�"'unencumber�:d�exc�eP�f f r entumbr.ui es uf record�8 n�we� nar�''��s�a� will " .`. �� �u, '
<br /> comey ihe Pn�pc�ty snJ that thc Pmperly �� .':`t°r-*�*_'-'"'"�'��
<br /> defend generally Ihe title to the Propeny ag:unst;ill claimti:utd demand',�ubject tn;u+y eara►nbrancc..�of rcxoni.
<br /> THIS 5ECUFiITY iNSTRUh1ENT �Y�mbine�unifocm covenanu for nati�in;�l use and non-uniform�-ovenants with limiced i .
<br /> variations by jurisdi�xiun ro cnnstimte a unifurm secunty inslrument cuvering real property. -^-f�-.---__e..- --
<br /> UNIFORM COVENANTS. Bormwer and Lender��enar►a d�ie�C���"B��ower sh:ill promptly pay ��hen due the . -
<br /> 1. Puymwt of Pctncip�f and lnieeest: PrePaY • _ _
<br /> principat of and interest on the debt eoidenced by the Note and any prepayment and late ch:ugey due undrr the Note. � _�.i.�F�=; `",
<br /> .. Z. Ftutds tar Tasc�,amd Insurance. Suhjett to Note.until the No e?+paid n fuUVea umlie"Fund+H)forµla)Yeacly taxes -.Lv7,,f;;:-i7,_::y:.y; -
<br /> Lender on the day munthly payments are due under the Irasehold a menis _ _ . ��.�,��'.
<br /> and assessments�vhich may attain priarity over this Security lnstrument as a lien on chc Property: lb1 yearlY P y ,. -._
<br /> harard or proPertY�nsuiance premiums:Id)yearly flead insurance premiums. ;.�.��-��---°:`'�_--=�
<br /> or gtound rents an the PropertY•�f anY: lc)year�y " '
<br /> 1�.��>c, 7--:.-.:_-__�__.
<br /> if any: le)yearly mortgage insurance premiums. if any:and ltl any sums payable by Borrowe�to Lender. in accordance�vith ��Y_r;qj::;_..- .
<br /> , ,na_.
<br /> + h 8,in lieu of the payment o!'murtgage insurance premiums.These i[ems are called"Escrow tterns•" ., ._.
<br /> the provisians of paragraA =_-„--
<br /> : Lender may. at anY time. collecc and hold Funds in an amount not to exceed the maz�mum amflunt a lender for a fede y
<br /> � ;�'��
<br /> ' � uice for BormWer's esrrow accow►t under the federal Rea1 Estace Settlement Procedures Act of :�;���,��
<br /> .,�! related mortgage loan may req �
<br /> '
<br /> 1974 as amended from time to time. 12 U.S-C. Section 2601 et se�l• ("RFSpA�>•unless another law that applies to the Funds `
<br /> amount. If so. Lender may. at any time, coltect and hold Funds in an amount `��tes�f e�ap nd turea of futu� ``y"'��`�`�^�r
<br /> sets a lesser �. _
<br /> �� Lender may esrimate the amount of Funds due on the basis of current data and rr.asonab e ec L u: �":`T''`:rt- ,
<br /> licable iaw. _����� '
<br /> Escrow Ite�ns or otherwise in accordanr-e N+ith aPP instrumentalit or entity - ---�_
<br /> The Funds shall be held in an institution whose dep�s�era H me�I�-��B���er shall apply the Funds to pay the �-r ;�..
<br /> (ineluding Lertder,if L.ender is such an institution)or in any �e�sCrow account,or ,_ ;';,-
<br /> Escrow Items.Ler►der may nut charge Borrower for holding and applying the Funds.annuallY analYzmS ., --�, �.
<br /> s Bmrrower interest on the Funds and applicable law permiu Lender to make such ::„S i
<br /> _ . verifying the Escrow Items.unless Lender pay service J ,.rF;�.: .
<br /> . a charge. However.Lender may requin Borrower to pay a one-tirne charge for an independent ral estate tax reporti�
<br /> used by I.eader in connecdan with this loan. untess applicable law provid B�o�W���y nterest or aeamingsnon�th Funds. �.�
<br /> '' applicable law requires interest to be paid,Lxnder shall not be required ta PaY _��E�_1.�
<br /> Borrower and Lender may a�ree���dng. however, that interest shall be paid on the Funds. I.ender shall give to Borrower. , f, .
<br /> ,. ?i ,.
<br /> ,� without charge. an aiu►ual accaunting of the Funds,showing crediu and debiGs to the Funds and the purpuset�o�wment.� " `'� �
<br /> ���':'� de b i t t o t h e F a n d s w a s m a d e•'f h e F u nds are pled ged as addiaonal security for all sums secured by this Security
<br /> •.��,'
<br /> If the Funds held by Lender exceed the amounts permitted ro be he l d by app lica b l e l a w.L e n d e r s h a l l a c c o u n t t o B o r�awer � �� � ,
<br /> .'',� •..
<br /> for the excess Funds in accordance with the requiremenu of applic�able Iaw. If the amount of the Funds held b}Lender at any #�
<br /> �-�� % ume is not suf�icient to pay the Escrow It�s when due.I.ender may so notify Boao�ver in writing,and.in suc.�ease Borrower � '
<br /> ��. .,..
<br /> . �k;, m make u the deficiency. Borrower shall make up the deficiency in no more�.han
<br /> ,-.;'�,;,�_. shall pay to[.e�cder the amnunt necessary ' P s�-,°�,
<br /> ' S'� twelve mantfily payments.at Lender's sole discretion. refund to Borrower aay �� �'" �
<br /> Upon payment in full of all sums �r��eT shal acqu re ort se 1 the Prog�rtys Lend�r P r to tee acquisition or sale ta,,,:��__
<br /> � Funds held by Lender.if,e�mder paragrap .�;"_
<br /> of the PropertY.shall appfy anY Funds held by I.ender at the time of acquisition or sale as acredit against the sums secured bY {:""'
<br /> ''�'�'��� Instmment.
<br /> .�''�� this Securiry licable law provides otherwise.all payments cew.ia�by Lender under paragraphs _ .�,...�„�--.-=
<br />:,�,�ii:=,.' `
<br /> :.. ��:;r 3.App�lcat3on of Payments.Unless aPP
<br /> `•>''�.'!r,� re a ment char�es due under the Note:second,to amannu payable under ara Ph 2: •;_�,-_
<br /> .,,•�•.•. i and 2 sha11 be applied: first. to anY P P Y p � �, .
<br /> ���� ��rd.to interest due:fourth,to principal due:and la���Y�a=e charges due un�the Note. _
<br /> �•.��;::;�: q,C�es•Llens.Borrower shall pay a��ta�c�- •:ss�sments,charges. fin�xnd impositions attributable to the Property _,�_F� '
<br /> .j}�..;..
<br /> •;{1�'• which may �ain priority over this Secu�'ity lnsuunrr.t, and leasehold payments or graund rr�=ts. if anY• Borrower sHall pay �;t:° � .�„
<br /> i.,,y�'.� h 2,or if not ��3 in that manner,Borrot:•c-�-�Lia11 paY them on time din�ly ,. ���...., .,,
<br /> � these obligf.•:��ns in the manner provided in paragraP p" • .
<br /> , to the person owed payment.Borrower shaU promptly fumish to Lender all nouces of arnounts to be Paid under this paragtaPh• .�_; -:.� .-;
<br /> If Borrower makes these ia:.3:Tenu directly.Borrower shall pramptly furnish to Le�:der receipts evidencing the payments. �-::•�•�_�.�y•,�•�.�r=
<br /> Instrument unless Borrower:(a)agrees in
<br /> Botrower shall pra.::y ty discharge any lien which has priority over this S��ty � ` .
<br /> • . writing to the payment of the obligat:c�c secure�by th e l�n ii�inn sr wUichtini the Lendr.r'sbop nnon topera eo f p e e�v:,�e .�'�. ',-_F,_`;�,-
<br /> by, or defends against enforcement c. the lien in, l g p g ��,�•
<br /> enforcement of the lier:�r(c)secures from the holder of the lien an agreement satisfactory c:� l.ender subordinating�hQ�=ver ��n'"�'''�~'
<br /> � this Security Inswment. If Lender deter[e�ines that a"y' Part of the Properry is wL^;ect to a lien which may attain priarity --- - - -
<br /> • this Security Instrument.Lender may gi�e Bono'�°�T�i notice identifying the l'een- c3onower shall satisfy H1:f.i�e or take one ar . � ,� ..:�� '_
<br /> . �'::
<br /> ' more of E1:_:�:zions set forth above within 10 days oi the giving of n�cice. �--�--_�_,_;_
<br /> Fortn 3�� c'90 �.f,1'�°.�'
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