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<br /> TOGETHER W1TH all thc Improvcments now or hercafter erccted an thc propeny, and all casements, appurtenances,und _
<br /> fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security _
<br /> lnstrumem. All of chc foregoing is refened to In this Secudty Instrument as the"Propeny." ,,�i
<br /> � BORROWER COVENANTS that Bonower is lawfully seised of thc estate hereby convcyed andhas the riglu to grant und
<br /> .,,,,w , + convey the Property and that the Property is unencumbered, except far encumbrances of record. Borrower warrants and will °
<br /> ,. ... defend geaerally the title to the Praperty against all claims and demands,subject to any encumbrancesof raord. _
<br /> THIS SECURITY INSTRUMENT combines uniform covenaztts for national use and non-unifomn covenants with litnited
<br /> , variations by jurisdiction to constitute a uniform securlty instrument covedng real property. ��
<br /> UNIFORM COVENANTS.Borrower and Lender covenant and agtee as follov�s:
<br /> � 1. Payment of Prfnc(pal and Iaterest; Ftepaymeut aad Late Charges. Bonower shall prompdy pay when due the � --
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due uader the Note. ��,
<br /> •� Z. �nds Por Taxes and Ic�vurance. Subject to applicable law or to a written waiver by Lender,Borrower shall pay to F
<br /> Lender oa the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds') far:(a)yearly taxes _
<br /> � and assessments which may attatn prior�ry over this Securiry Instrument as a lien on the Property; (b)yeazly leasehold payments =_
<br /> 8 or gmund rents on the Property,if any;(c)yearly hazard or property insurance premiums;(d)yearly fload insurance premiums, __
<br /> If auy; (e}yearly mongage insurancc premiums, if any: and(�any sums payable by Borrower to Lender, tn accordance with _
<br /> � � the provisions of paragraph 8, in lieu of the paymeat of mortgage insurance premiums.These items u�called"Escrow Items." !
<br /> , Lender may, at any time, collect and hold Funds in an a�nount not to exceed the maximum amount a lender for a federally
<br /> mlaterl mortgage loan may require for Bonower's escrow account under the federal Real Estate Senl�.ment Procedures Act of �
<br /> � ' 1974 as amended from time to time, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another law that applies to the Funds
<br /> sets a lesser amount. If so, Lender may, at any tlme, collect and hold Funds in an amount not to exceed the lesser aznount. _
<br /> � Lender may estimate the amount of Funds due on the basis of current data and reasonable estimata of expenditures of future
<br /> .� Escrow Items or otherwise in accordance with applicable law.
<br /> The Funds shall be held in an institution whosz deposits aze insured by a federal agency,insuumentaliry, or entiry __
<br /> � � (including J ender,if Lender is such an instttutton)or in any Federal Home Loan Bank. Lender shallapply the Funds to pay the _
<br /> Escrow Items. Lender may not charge Borrawer for holding and applying the Funds,annually aualydng the escrow account,or _
<br /> • = vcritying the Eocrow Items,anless Ixnder gays Rorrower interest on the Funds and applicable law p�rmits Leuder to make such
<br /> � a charge.However,Lender may require Borrower to pay a one-time charge for an indepeadent real estate tax r�porting service �
<br /> used by Lender in wnnection with this loaa, unless appiicable law provides otherwise. Ualess an agreement Is made or
<br /> applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interesi or earnings on the Funds.
<br /> • Borrower and Lender may agree in writing, however,that interest shall be paid oa the Funds. Lender s6a11 glve to Bonower, �
<br /> without charge, an anmual accounting of the Funds, showing credlts and debits to the Fuuds and�6e purpose for which each _
<br /> debit to the Funds was made.The Funds aze pledged as additional secur�ry for all sums securecl by this Securlty Insmiment. �
<br /> ` If the Fuads held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to Borrower _
<br /> ;,� for the eacess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by Ix.nder at any �.-
<br /> � ��- time is not sufficient to pay the Hscrow Items when due,I.ender may so notify Borrower in wrltirig,arad,in such casc Borrower
<br /> shall pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the deficiency in no more than _
<br /> s, twelve monthly payments,at Leader's sole discretioa.
<br /> � . :' Upon payment in full of all sums secured by this Secudry lnstrument. Lender shall prompUy refund to Bonower any
<br /> , Fwids held by Lender. If,under paragraph 21,L.ender shall acquire or sell the Property. I.eader, pdor to the acquisitton or sale
<br /> q of the Property, shall apply any Funds held by L.ender at the time of acquisitton or sale as a credit egainst the sums secural by _
<br /> °� this Security Instrument. _–
<br /> 3.Appltcation of Payments.Unless applicable law provides otherwise,all payments received by I.cnder under paragraphs __
<br /> � 1 and 2 shall be applled: first,to any prepayment charges due under the Note; second. to amounts payable under paragraph 2; _°
<br /> third. to interest due;fourth,to principal due;and last,to any late chazges due under the Note. __
<br /> - ; 4.Charges; Ltens. Bonower shall pay all taxes,assessments, charges, fines and impositions attributable to the Praperty Q;
<br /> � which may attain prioriry over this Security Instrument, and leasehold payments or ground rents,if any. Borrower shall pay =-__.
<br /> J these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonower sball pay them on time directly �,:�-�_v__
<br /> ta ihe person owed payment. Bonower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. --_-._
<br /> - If Borrower makes these payments directly, Bonower shall promptly fumish to Lender receipts ed idencing the payments. '-"�"`
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<br />� Borrower shall promptly discharge any lien which has priority over this Securiry Instrument wdess Borrower: (a)agrees in �_. �1;=-=
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien �,�:�: :
<br /> by,or defends against enforcement of the lien in. lcgal proceedings which in the Lender's opinion operate to prevens the • _
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agmement satisfaccory to Lender subordinating the lien to ..
<br /> this Security Instrument. If L.ender deternunes that any part of the Property is subjecc to a licn which may attain priority over ! ,
<br /> this Security Instrument, Lender may give Borcower a notice identifying the lien. Bonower shall s�tisfy the lien or take ane or
<br /> more uf the actions set forth above within 10 days of the giving of notice.
<br /> Form 3028�` 9""/90
<br /> ��BRINE!i92t 2�.Ot Poao 2 0�6 wue�7�
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