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<br />• TOGETHER WITH all the impr�vement.now or hereafter erected on the property.and's1��`ementa,appurtenances.and `__„T____
<br /> Fixtures now or hereaher a part of the property�. Ail replacements and additions shall ats+� be covered by thi� Security =:
<br /> Instrument. All of the foregoing is referred eo in chi.Securiry Irucrument ss the'PropertY." . ..��
<br /> ' � g{}�rpl:'ER CC�VE!�tANTS[hat Barrov�er►�lawfully seised vf the estate heeeby conveyed and h:s�the right co grant and 4 `--
<br />�<� - . . � . �
<br /> canvey the Propeny and chut the Property is unencumbered. eacept for encumbrances of reconl. Borrowe� 4uarrants and will _ _._ _ _r�.
<br /> , _ defend generally the title to the Propert}•againse all claims and demands.�ubj�t to any encumbrance+of recard.
<br /> THIS SECURITY INSTRUMEi�TT combines uniform coveuants f8r ttati�roe a►ui nan-unifartn coveru�uus with limited '',�
<br /> ` variations by jurisdiaion to constitute a uniform�ecurity instrument covenng p PenY• ,. •
<br /> UNIFOR.M COVENANTS. �orrou�er snd L.ender wvenant and agree as follows: d when due the �u Y. • �, `
<br /> _ 1. Payment of Principal and lnterest: PrePaYmeni andy Palp yha�'ges. Borrower shall prumpdy p'y _,. _. _. .�
<br /> ere.t
<br /> principal of and interest un the debt e�idenced by die Note and an� re a ment and late charges due under the IVute. . �
<br /> 2. Funds Yor Taues and 1nsUrance• Subject to applicable law or tu a written waiver b5' 1-cnder. Borroeuer shall pay to o,�
<br /> Lender on the day monthly pay[neats are due under the Note,until the Note is paid in full,a sum("FundS"1 for.ta)yeu�y taxes _ _. .. _.;,�_-
<br /> • and assessments which may attain priority over this Security Instrument as a lien on the Froperty:lb►�ee a�Y���pP�Y�u� _.._�-_J.._,;;-
<br /> • � or gmund rents on the Property.if arry:(c?year�Y hazard°T Property insurance premiums, (d►yearlY ;�• '_ � .;,,�,�
<br /> s a able b Borrower to l.ender, in accordance with __�_,, .:.
<br /> if any:(e)Yearly mortgage insurance prcmiums. if any:ar►d(fl anY ums P Y Y +?;:��;��i�t--
<br /> ' the provisions of paragraph 8.in lieu of the payment of mortgage insurance premiums•These items are called°Escrow Itetns•" _ ,.�,•;���;
<br /> . � I.ender may. at any time. collect and hold Funds in an amount not to excced the maximum am°unt a lender for a federally '-:���_ .__
<br /> c Y.5v ��'
<br /> Ti�1?' _
<br /> . related mongage loan may require for Borrower's escrow account under the federal Real Estate Settlement Procedw'es Act of � � _ � 4
<br />` 1974 as amended f'rom time ro time. 12 U.S_C. Section 2601 er seg. ("�SPA'). unless another law that applies to the Funds f _�
<br /> • sets a lesser amount. if so, l.ender may. ��Y Ume, collect and hotd Funds in an an►ount not to exceed the lesser amount. ,
<br /> ��` ��.�:.�-:
<br /> �� Lender may estimate the amount of Funds dae an the basis of current data and seasonable estimates of expenditures of fumn= '�t`f���•,�a`-
<br /> Escrow Items or otherwise in accordance N+�t1►applicable law. :� . • -_
<br /> ' The Funds shall be hetd in an institution whose deposits are ►nsured bY a federal agency, instrumentalit}, or entity ��.,, :_ _ _',�:�:�
<br /> , (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank. Lende�shall apply tf�e Funds to pay t�: ----`�-=--�_=�_�
<br /> »::�
<br /> Escrow Items. l.ender maY not charge Borrower for holding and applyfr�the Funds,annually analyzing the escrow acrnunt,as �_�
<br /> '��1 ..
<br /> �• . verifying the Escrow Items,uniess L.ender pays Borrower interest on L•e Funds and applicable law permits[-ender to make sufi �5��,,__ _._.,.
<br /> .. ;.'.r_•, a charge. However.Lend�r m�y require Borrower to pay a one-cim�charge for an independent real estate�m n°rts made or y� • � ��:
<br /> used by Lender in oonnei`tio� with chis loan, unless applicabie law provid��w�+�� nterest or earn'ings on the Funds. � �''�"�•;*:� ,i.��,
<br /> applicable law requires interest to be paid.Lender shall not be required eo PaY y � �:�� ,_.�,.
<br /> -�i: � �:g .
<br /> � � Bonower and Lender may agree in writing, however,that inccrest�E�E be paid on the Funds. Lender shall give to Borrower, l ` , ''
<br /> . without charge, an annual zcmunting of the Funds, showing credits und debits to the Funds and the purpose for which ezc� :•,,Rf,;�.���,�f{. =__
<br /> •::�.,�•
<br /> ' � " debit to the Funds was made.The Funds are pledged as�i•'•�'ti°nal security for all sumc secured by this Security Insuument. f,f.%; S�; .....; ?
<br /> ::. : `; �4 °_ _
<br /> If the Funds held by Lender exceed the amounts�:"�itted to be held by applic.able law.Lender shaU account to Bonower
<br /> for the excess Funds in accordance wieh the requirements of applicable taw. (f the amount of the Funds hetd by Lender at any ., "�:_,
<br /> time is not su�cient to pay the Fsecow items when due.Lender may so notify Borrower in writing,and,in sueh case Borrower �,y,' ;r. �.• j`,;.',r:`
<br /> • to make up the deficiency• Sorrower shall make up the deficiency in no more d�az► .,���::..
<br /> shall pay to L.ender the amount necessary ,�
<br /> twelve monthly payments.�t C.ender's sole discretion. ��'� �:_
<br /> �- �., _=r-•
<br /> � . U p o n p a y m e n t in fu?f ef alt sums secured by this Securiry Instrument. [xnder shall prom n`o r t�ed ato B s o n o r s a le .r' ':'�.-��"'
<br /> � Funds held by Lender.If, cader paragraph 21•l.ender shall acquire or sell the Properry. l.en der,p' �1 --
<br /> ._��
<br /> of the Property,shall apply any Funds FeL.�by Lender at the time of acquisition or sale as a credit against the sums secured by a�
<br /> a ,�rr�-
<br /> this Securiry Instrument. �' """
<br /> 3.ApplitatIon of Fa}m�ents• llnless applicable la:.p*ovides otherwise.all payments received bpyy nder und p para�ap2s _�,�� .
<br /> II and 2 shall be applied• fint, to any prepayment chac��s due under the Note:second, to amounu a able under ara rap , �, �
<br /> • t:ird,to interest due;fourth,to principal due:and last,e��any tate ch�rges due under the Note. ::".s.�,
<br /> � 4.Charges;Lieus. Borcower shall pay all taues,assessments, d=arges.fines and imposirions attributah9z to the�roPerty . _r,�..--_. � _.._
<br /> . a'nich may attain priority over this Securiry Instrument. and leasehold paymenu or ground renu,if any. &^.:rower shall pay �'A;,�._ -__,
<br /> • 4 --�r-s rovided in aragrdph 2,or if not paid in that marr.:r,Borrower shall pay tl:e��3n time directty �,,3;��
<br /> N.,;se obligations in the�»._ p P -- - -- -=_-.--
<br /> � � to the person owed payrrr�.:•�trower shsill promptly furnish ta Lender all notices a:amounts to be paid unC.r J�is patagraPh• -- �_
<br /> .•�,i;_.�:'•, If Borrower makes these pa��:�ents directly.Borrower shall pmmptly farnish to Lender recei�ts evidencing the payments. . •
<br /> ',;;�,;;��. Bonower shall promptly discharge:�-y lien w hic h has priori ty o v e r t h i s S e c u ri ry l n s t r u m er.t unless Borrower: (a)agrees in ��� -� �
<br /> ' writing to the paymen[of the obligatior_x�.ured by the lien in a manner acceptable to Lender;ti�?contests in good faith tAe laea► ��".�`- °��±f-'•
<br /> � 5y,or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prever.'t�s �' -'-� .���_
<br /> � enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to __�-"
<br /> � , . this Securiry Instrument. If Lender determines that a; part of the Property is subject to a lien which may attain priority over =.�
<br /> �:�,:„�
<br /> this.Security lnstr�ment, l.ender may give Borrower a notice ider.tif;.'i*.ig the lien. Borrower shall satisfy the lien or take one or ��•.r�•»-�
<br /> more of the actions set forth above within 10 days of the giving of��xi:e. ��-=r�
<br /> � Form 3028 9/90 `��-` __
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