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<br /> � TO(3BTHER WITH xll the imprnvrments nawor l�rreafter erected on du proprrty.aiid all rusements,appurtenances,and � ---
<br /> � � fixturch now or hereafter a part of thr prnperty. Ail replxcemeuG, xnd adJitian.r• �haU .ilsa be covered hy this Security � _
<br /> Ipsuument.All of the foregojng Is refened ta in dtis Secudty Ii�.tiuument us Qie"Property.'
<br /> '�'�Y,� � BORROWflIi COVENANTS thxt Barrower Is lawfully sCl�eJ of tlie esu�te hereby conveyed and bx..die rlght tu grant and� _
<br /> convey the Property and that die Praperty iti unerxvinhercd, except ti�r riuumhrances of recurd. Hurrciwer wxrranGi and willpp
<br /> ' defend generally th�tide to the Praperty agai».tit ell clnlrns und demsu�a�,subject tu any encumbnuicrs of record. �
<br /> � � THIS SPCURITY INSTRUMHNT camhlues unttumi covenunG�far nadanxl twe and nan-unifunu cuve��:tn�s with liuiitec� _
<br /> variations by jurisdlctton ta constitute x unift�rni security i�Ltitrument caverfng real prapertY• �
<br /> UNIFORM COVBNANTS. Banower xnd Lernkr covenunt und agtee xs fallows:
<br /> .' 1. Payment of Priincipal and Interest; Prepayment and Late Charges. Borrower shxll pran�ptly pay when due th� -
<br /> pdncipal of and imerest oa the debt evldenced by tbe N ote and:wy prepayment und late char�es due under die Nate.
<br /> 4 2.Funds far Taxes and Insurance. Subject�o applicable law ar to a written waiver by Lender, Barrawer shull pay tA►.� _
<br /> I.ender on the day mottthly payments ure due unJer the Note,unpl the Note is paid in full,a suw("Funds")far.(a)yearly tuxes
<br /> � and assess�nents which may attain prIority aver this Security Instniment as a lien on the Property;(b)yeurlY leusehold payments
<br /> i or ground rents on the Property, if�uiy;(c)Ye�ulY Y�rd pr propetty ins�ntnce premiums;(d)yearly fload Insurance premiun�.s, _
<br /> � I if any; (e)yeurly mortgage insurance premituu.4, if any;und(�any avms payable by Borrower to Lender, in e►ccard�uice with
<br /> the pravisions of paragraph 8,in Ileu of die paymeat of m�rtgage insurunce premiw�u. These items are called "Bscraw Itews."
<br /> ' ' Leader may, at any dme, collect and hold Func��in an umount not to exceed the msiximum tuuoant a lender for a federally
<br /> �` �.I, related raortgage loan may require for Bonower'S acrow accnunt under the federal Real Estxte Settlement Procedures Act of
<br /> � I 1974 as amended from tune to time, 12 U.S.C,Secuon 26 0 1 et seq. ("RESPA"). unless another law that applies to the Funds
<br /> '�,�i � sets a lesser aznount. If so, L.eadet may, at any tie�e. collect and hold Fuads iu an amount nat to exceed the lesser s�mount.
<br /> 3 � Lender may esdmate the amount of Funds due on�he basis of cunent data Ftnd reason:tble e�dmates af expenditures of future
<br /> � S Hscmw Items or atherwise in accardauce with applicable law.
<br /> � The Funds shaU be held in an insdtudan whose deposlts are insured by a federal agency, Insmimentullty, or endty
<br /> (including I.ender. if Lender Is such an insdtudon)or Yn uny Federal Home I.oan Hanlc. Lender shall apply the Fund+to pay the
<br /> : � Fscrow Icems. Ixudcr utuy t�oi�harge Borrot;ret fs�tholdino ts�d xpplylnG the Punda;xnnually analyzin�the esetow account,or
<br /> verifying the Bscrow Items, uuless i.ender pays Borrower interest on the Funds xnd applicable law permits L.ender to n�ake such
<br /> a c6arge. Hawever.Lender may require Bonowex to pay a one-dme charge far an independeat real esu►te tx�c reparting servlce
<br /> used by L.ender in connecdon with diis loxn, unless applicable law provides otherwise. Unless an agreement is inade or
<br /> ., applicable law reqnlres interest to be paid, Lender shall not be mquired to pay Borrower any interest or earnings on the Funda.
<br /> Borrawer aad Lender may agree in writing, however. that interest shall be paid on the Funds. I.ender sLall give to Bonower, �_
<br /> �_ wlthaut charge,an annual accouudng of the Funds,�howing credits and debits to the Funds aad the purpose for whicb each �
<br /> debit to the Funds was made.The F�nds are pledged as addidonal security for all sums saured by this Securlty Instnuneut.
<br /> ;�-; If the Funds held by Lender exceed die amounts pemiltted to be held by applicable law,Lender shall account ta Bonower
<br /> �, for the excess Funds in accordance wlth the requinmr:nts of applicable law. If the amount of the Funds held by Lender at any
<br /> � time is aot sufficient to pay the Escrow Items whcn due,Leuder may so noafy Borrower in wridng, and,in sucu case Borrower
<br /> shall pay ta I.ender the amount uecessary ro make up the deficieucy. Borrower shall make up the deficieucy in no more than
<br /> ' ; twelve nionthly payments,at Lender's sole discretiai.
<br /> ,, Upon payment in full of all sums secured by this Securiry Instrument, Lxnder s6a11 promptly refund to Bonower uny _
<br /> � � Funds held by Lender. If,unJer paragmph 21,L.ender shall acquire or sell the Property,Lender.pdor to the xcqulsidan or sale _�_
<br /> of the Property,shall apply aay Funds held by Lewder at the dme of acquisition or ssille as a credit against the snms secured by
<br /> � this Security Instruruent. _-
<br /> 3.Application of Payments.Unless applicable lxw provide+otherwise.�ll payments received by i.ender under paragraphs _
<br /> ; � 1 and 2 shall be appliect: first, to any prepayment charges due under the Noce;se:cond,to amounts payable under paragraph 2; �
<br /> •I t�ird.to interes�ciae;fourth.to princip�l due;and lost,ro any late charges due under tlie Note. �_
<br /> F 4. Charges; Lie�s.Borrower shxll pxy all taxe�,xssesstnents,charges. fines and impositions attributable to the Propeny —_
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<br /> which may attain priority over tliis Security l�utnn�ient, :u�d leaseholJ payments ar bround rents, if any. Borrower shall pay �.�--
<br /> � these abligation�in the ivanner provideJ in parabnph 2,oe if noc paid in d�xt manner. Borrower shali pay them oii time directly �,�,...,�,��
<br /> ' I to the per�on owed payment.Borrower shall prornptly furnisu to L.ender all notices of tuuounts to be pxid under this paragraph. �"�;^'."
<br /> � If Borrower m�ke�diese paymeuw directly,Borco�ver shall promptly funris6 to I.enJer meipts evidencing the pxyments. _
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<br /> Borrower shall promptly discharge any lien �vhich lias priurity over diis Security Instruaiei�t uiiless Bonower: (a)agrees in ,�.
<br /> � writing to the payn�ent of tlie ohligation secured by die lien in a masuier accepuble ro Lendrr; (b)contesGi in good fxith the lien • .
<br /> by, or defends against enforcement of the lien in, legxl pioceedings wliiclt in die Le►ider's opituon nperate to prevent the
<br /> enfr�rcement of the lien;ar (c) secures from tlie l�oldcr of die lien xn agreement uuisfacrory to Ixnder subordinating die lien to
<br /> � this Security Instruntent. !f Lxnder Jetemiines tliat auy part of die Property is subject w a lien which mxy xttain priority over
<br /> rhis Security Instrument. Lxnder mxy give Borro�ser a notice idenpfying tlie lien. Borrower shxll s�►tisfy tlie lien or tuke one or
<br /> ntore of the actions set forth atwve witl�in 10 daysof the giving of notice. .
<br /> ' Form 302 /90
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