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<br /> . 7'OGE'CHER WI'I'H all the improvemenu now or hereafter erected on the property, and al!ea�ement�.appurtenances,and . -.
<br /> , fixturts now� or hereafter a part of the property. All replacements and addiuoas shall also 6e co��ered by this Securiry � � _
<br /> - - Instrument.All of the foregoing is referred to in this Security Instrument as the"Pmperty." - =— ._•- - -- -
<br /> .' BORROWGR COVENANTS that Borrower is lawfWly seised of the estate hereby conveyed and ha�the right to grant and h ,
<br /> convey the Property and that the Property is unencumbered,except for encumbrances of record. Borrower warrants and will '`` `�'
<br /> dzfend generally the tide to the Property against all claims and demands,subject to any encumbrances of record. " .�
<br /> THIS SECURITY INSTRUMENT combines unifarm covenants for national use and non-uniform covenants with limited .
<br /> � variatioru by jurisdiction to constitute a uniform secs:;in�instrument covering real pmperry. - �
<br />- - - UNIFORM COVENANTS. Borrower and i.er.de�:rovenant aad�ee as follows: -� � - � -
<br /> l. Pa ent of Princi al and Inter�-� �rr timent and ��. C r i � ����.—�
<br /> ym p pa hatges. Borruwer 4��7�_ �za-g�g pa} ul;en due the
<br /> principal of and interest an the debt evidenced by�':�?�o�and any pr:ra��ment and late c6ar��s�ve i�.:�-�<e;�a:a. ' r --
<br /> 2. Funds for Taxes and Ynsurance. Subjec? t�+applirable law or to a wri�����:siver b} L�zc`:_ :a�a--�u�r � �y to � ' - �'�= .��`•"'::-�
<br /> rA'l, .,, tt«';.•? •.;.isf.
<br /> y y paymenu are due under the Note,until the Nate is g��l in�;11,a sw-n("Funds"):�r.ia�.�::_:�:a.-c� ��-`�'�•'�'•° � '
<br /> � Lender on the da monthl r�•.�.;.;==-°
<br /> :��.:;..:,,;'-._-,.--
<br /> and assessments which may attain priority o�er this Security Instrument as a lien on the Property;(�)yearly leaszhotd F�.cn�-st , ^. ��., '�s,jE�p�;{1.Ey`;�;�'•(:�"
<br /> . �l t .,.l0:�'y�p1S.�I,r.� .4G _.
<br /> or ground rents on[he Property.if any:lcJ Yearly hazard or property insurance premiums- (d)yearly flood insurance premir.:.-zs. ' �•,,.`�':' ;•;r,��%�;"�`�,.,-;.:,:,'__
<br /> : . if any; (e)yearly mortgage insurance premiums, if any; and(� any sums payable by Borrowe;to Lender, in accordance with � �•e"��{�,��.:•:'';•;,,��:•.
<br /> . the provisions oP paragraph 8, in lieu of the payment of mortgage insurance premi,ims.These items are called "Escrow Items." � 4,� �-� ���� -°�'-�"`
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<br /> Lender may,at any time, wllect and hold Funds �� zn amnunt not to excee���maximum amount a lender for a federally 1 � .. �^�;�,:
<br />,- � related rttortgage loan may require for&�_^-:�e;'s�:ow account under the fa�.ral Real Estate Settlement Procedures A:� �f •- • �.��"`"_�
<br /> ..,�., '- �. �...:__...
<br /> • 1974 as ar_i:�u�from time to time. 12 ri-�-�. ��on 2601 et seq. ("RESPA"), unless another law that applies to the e-zn�:s ;,�: _r. _
<br /> : seu a le��r�.�o,:�t. If s�, [.ender may, �: �� :r!:..eullect and hold Funds ia an amount not to exceec!Li-.e lesser amount. " i � — �
<br /> `� ,�:�`
<br /> � i:s4er rr.�: �;L��:r: �:,-;�,unt of Fund,d�e Qa��e basis of current data ann� reasonabie estimates of exp�r'�::ures of future ..1 € _
<br /> �, - ,
<br /> ��i �CIOW�'�S t.�S OZ}IeTA=•.i8 li:accordartce wit'�a��:�.'30��;�W. , .� ' /� -
<br /> ' j�'U��`�,
<br /> .. �: 1'he :�t�.v shall f� I�,:iJ in an :��n::Le» w^ose deposits are insured by a tederal a�:r.cy, instrumentality, or entity �'�,���,.; • �f�• �, . . .
<br /> :,-:� ,, . �.,,, ,. .. ��� (,•? . .: _.
<br /> {includina�i.e;,der,if[.endar is such ae insu,.:::on)ar in v� Federal Home Loan&s'c. l.ers?� � '' !"' �f'
<br /> �,;�� y r:,,�:.apply the Funds to pay the ti�,.+ ; ; , T
<br /> ;.�,r:Y Escrow Ite_rs. Lender may not charge�mrrov.�er fcr aa?ding and applying the Funds.ar.n::t;!;a.�a�:�ng the escrow account, or �d',, '� ; �. = ��;:
<br /> `"�.�� verifying the Escrow Ite�s.vnless Lender pays Bo��•er interest on the Funds and a,:.plica�;= �u�ermSu C.arr�er to make such !�'�'%'`,3�%���k-,�!`h` � `'k •
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<br />,t��4y,.r �charge. Huwever,L...�der nay require Borrower c�p3y a one-time charge for a.1::r'epend,�;.:-.�zt esta.e.a� rzporting ser�-i�e .. �,�. a•1, " �;.� '
<br /> .:�r�;a i:s� by fG:��::� in cn,��.-t�n with this loan. unless applicable law provid� o�_rwiee. t;n:�s an agrez-:er.i is ra�d,� �1; '' :����'*`� 'r'; . .
<br />:';:�'{��# aPPliczb[e°aa•r�aires iuc�e-�st to be p�*d.Lender shall not be requirea to�ay T'r.�-,-�;.•:;�>;nc an:s:�,_nr eu^i^gs on tke E�r�.4>. i , .i, +
<br />.v:':';?�". Borrower�-1;t..ender m�,g��ae in wrieina. howe�•er.c�izt interest�*�a^:�e�:�d u:.:=.s rr:r.;'.s. I.�•.:.°:�s'�ai[ j.e to Borrow�r, �
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<br /> `.. without charge, an annuaI aca�unting of the Furtds, sza•»�ing credits and de6�� :;�:.�%Fcr:�s�.� d�.e�uri�vse for which each '.���� � "'
<br /> ., debit to the Funds was made.The Funds are pledgod as�ditional security for alt�.;_�secured�;c::is Secar*.t�� instrument. - --;`��,;,��:__
<br /> I f t he Funds held by Lender exceed the amounts permitted to be held by applicable law.Lender shall account to Borrower � � � • `� �
<br /> . .N,�.i%t �.%_ .
<br /> for the exce.ss Funds in accordance with the requirements of applicable law. If the amount of the Funds held by I.ender at eny ,+E,�., T
<br /> . time is not suffcient to pay the Escrow Items when due,Lender may so natify Borrower in writing, and,in such case Borrower ' ��7��"�
<br /> ; ��..._`�'
<br /> - � shall pay to Lender the amaunt necessary to make up thc deficiency. Borrower shall make up the deficiency in no more than �`"�-'-��"'
<br />` f ` twelve monthly payments,at I.ender's sole discretion. ��,�-
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<br /> �•' j. Upon payment in full of all sams secured by this Security Instrument. Lender shall promptly refiand to Bocrower any _�+1�,�� "
<br /> Funds held by Lender. If, under paragraph 2l,I.ender shall acquire or scl!the Property.I.ender,prior to the acquisition or sale --
<br /> ' of the Property, shall apply any Funds held by[.ender at the time of acquisition or salc as a credit against the sums secured by �-=-
<br /> ' this Security[ns[rument. -._-__ -
<br /> . 3.Apglication of Payments.Unless applicable law provides othenvise,all payments received by Lender under paragraphs -- °- _
<br />� . 1 and 2 shall be applied: first,to any prepayment charges due under the Note;secand,to amounts payable under paragraph 2; � �Y _
<br /> •� third,to interesi due;fourth,to principal due:and last,to any iate charges due under the Note. �,�,�. - '
<br /> 4.Cha�ges;Uens. Borrower shall pay all taxes.assessmenu,charges, fines and impositions attributable to the Property
<br /> :�. Hhich may attain priority over this Seturity Instrument. and leasehold payments or ground rents, if any. Borrower shall pay �v _
<br /> ..� these obligations in the manner provided in paragraph 2,or�f not paid in that manner,Borrower shall pay them on time directly _�,,�c� '��==-
<br /> . to the person owed payment.Borrower shall promptly furnish to Lender all notices of amounu to be paid under this paragaph. �-e? -
<br /> - If Borrower ma.kes these payments directly.Bonower shaq promptly fumish to Lender receipu evidencing the payments. � " � ��.,,,.��:✓����_
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrurrtent unless Borrower (a)agrees in � '�,�:=-�;F_-.---v--"'-._..
<br /> • writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contesu in good faith the lien ��,,,
<br /> by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to revent the ��"�"'"�� �• ,�� � �
<br /> P F
<br /> en f o rcemen t o f t he lien;or(c)secures from t he ho l der o f the lien an a�reement satisfactory to Lender subordinating the lien to • � �--
<br /> ,�: this Security Instrument. IF Lender determines that any part of the Property is subject to a lien wi�ich may attain priority over '-;�,°"'=�'T�-'-.°-.-
<br /> �'�:�'• this Security Instrument,Lender may give Borrower a notice identifying the lien. Borrower shafl satisfy the lien or take one or � ' ��•`-'��� .��
<br /> .��r,
<br /> _; more of the actions set forth above within 10 days of the giving of notice. � � -._.
<br />, Forrri 3028 9/90 --.•«+�—•� �
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