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<br /> � TOGETHER WI'Y'H all thc imprcwemcnts now on c�reaftcr crected on the property.and:dl ca�cmcutti. uppurtcnaiicc�,and —:��-
<br /> � fixturc+ now or hercaftcr n part of thc property. Atl replaccmentr und additiom tihali ulsu hc a�vcrcd hy this Sccuriry _ _
<br /> lnytrumcnt. All of the ti�rcgoing is referrcd to in this Sccurity ln�trument us the"Property." � �� •
<br /> BORROWER COVENANTS that Bi�rruwcr i�luwfully sciscd��f thc cstatc hcrcby c��nveycd und ha>tlic nFht t��gr.un and „r,,.��;,
<br /> ; c�mvcy thc Praperty und thut thc Propeny is uncncumbcrcJ, cxccpt I'ur cncumbrancc+ uf rcr��rd. Burrowcr warrun►. and `yi�� ,
<br /> � defcnd gcncrully thc title to thc Prupeny usain�t all cluimti und Jemands.�,uhjcct ti�uny cncumhrunreti ut'rcrurd. ,4r,�,:
<br /> �. THI5 SECURITY iNSTRUMENT combincs uniform covcnantti fc�r natianul uac unJ n�m•uniti�rm r��vcnaiuti wrtli limited c l.
<br /> •k variution+by juritidicti�n to constitutc u uniform sccurity instrument covcring rcul pruperty. � '"�""--
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<br /> UNIFORM C0�'GNANTS. sorruwcr and Lcndcr c��venum and.�grcc uti f��lluws: .__
<br /> . .c-'�� 1. Payment ot Principal nncl Inter�t: Pirc�uyment and I.ate Char�es. Bc�rrowcr shull prumpUy pay when duc chc ���2_--
<br /> principal of nnd interest on the debt evidenced by the Note und uny prepuyment und lute chur�;es dur under the Note. �,.�_--
<br /> .��� 2. Funds for Tnxes and Insuranee. Subject to applicable luw or to u written wuivcr by l.cnder, B��rrnwrr shall puy to �.=�
<br /> - Lender on the duy monthly puyments ure due under the Note, until the Note is paid in full.a+um("FunJs") fiv: (iq yeurly tuxes _
<br /> und assessments which may uttain priority uver this Security Instrument as a lien on the Propeny; ib)yeur�Y Ieutiehotd payments ___
<br /> ,';; or ground rents on thc Property, if any;(c)ycarly hazard or pr��perty insurunce premium+:(d)ycu�Y fluud in`urunce prcmiums. ! `
<br /> � if any: (e) ycarly mortsagc insuruncc premiums, if uny: and (�any sums payablc Hy Borrowcr to l.cndcr, in uccorJuncc with
<br /> � thc provisions of pnrn�raph 8, in lieu of the psyment af mortgage insurunce premiums. Thcsc itcros urc cullcd"Escrow Items."
<br /> L:ender may, at any time, collect and hold Fundr in an amount not to excccd the muximum umount u Icndcr for a federally —
<br /> reluted mortgage loan muy require for Borrower'� escrow account under the federul Real Etitate Settlement Pracedures Act of
<br /> 1974 as umended from time to time, l2 U.S.C. Scction 2601 e�seq. ("RHSPA"). unless anathcr Inw thut upplics to thc Funds �
<br /> sets u Icxscr amount. If so, I.ender may, at any timc, collect and hald Funds in an umaunt not to excced the les�er amaunt. i�
<br /> Lender may estimate the amount af Funds duc on thc basis of current duta and reasonable estimatcs of cxpenditures of fumrc
<br /> 3 � Escrow Items or otherwise in accordunce with applicable law. L
<br /> ' '� Thc Funds shall bc held in an institution whose dcposits are insu�ui by a federal agency, instrumentality, or entity —_
<br /> (including Lender,if Lcnder is such an institution)or in uny Federal Home Loan 13ank. Lendcr shall apply the Funds to pay the
<br /> � Escrow Items. Lender may not charge Bonower for halding and upplying the Funds,annually analyzing the escrow accaun4 or
<br /> verifying the Escrow Items,unless Lcmder pays Borrower interest on the Funds and applicable luw permits L.cnder to make such
<br /> a chargc. However. Lender may rcquire Borrower to puy u one-time chnrge for an indcpcndent real estutc tax reporting service
<br /> uscd by Lender iii connection with this loan, unless Applicable law provides athcrwise. Unless an a�reement is made or �
<br /> applicable Inw requires interest to be paid,L.ender shall not be requircd to puy Bonower any interest or carnings on the Funds.
<br /> . Borrower And L.cnder muy agree in writing, however, that interest shall be paid on the Funds. Lender shall givc to Borrower,
<br /> without charge, an annual uccounting of the Funds, showing credits and debits to the Funds And thc purpose for which each
<br /> --- debit to the runcfs was made.The Fund,urc pScSbcJ,�u:idit:o�ai;c�urit, far a!!sums�ec�!*��My this Securiry Instrument.
<br /> . If the Funds hcld by Lendcr excecd the amounts permitted to bc held by upplicable Iaw, I.ender shnli account to Borrawer
<br /> • for the excess Funds in accordance with the requirements of applicable law. Tf the amount of the Funds held by T.ender At uny
<br /> • • time is nat sufficient to pay the Escrow Items when due, Lender may so notify Borrower in writing,and,in such case Borrower ,
<br /> � shall pay to I.ender the amount nccessary to make up the deficiency. Bonower shall make up the deficiency in no more than
<br />_ � twelve manthly payments,at Lender's sole discretion.
<br />; Upon payment in full of all sums secured by this Security Instrumcnt, Lendcr shall promptly refund to Bonowcr any
<br /> • • Funds held by L.ender.If, under purugraph 21,Lender shall acqui►•e or sell the Property,I.c:nder, prior to the acquisition or sale
<br /> � .. �. of the Propeny, shall apply any Funds held by L.ender nt the time of acquisition or sale as a credit ugainst the sums secured by
<br />' this Security instrumcnt.
<br />- ° , 3.Appllcat[on of Payments.Unless applicable law provides othenvise,all payments received by Lender under paragrapi�s
<br />- '""�� ' '' I and 2 shall be applied: first, to any prepayment charges due under the Note: second,to umounts puyable under parngraph 2;
<br />�� �. :.--- • third,to interest due;fourth,to principal due;and lxtit,to any late charges due under thc Note.
<br /> � 4. Char�;es;Ltens. Burrowcr shall pay all taxes, ussessments, charges, tines and impositians attributuble to the Property
<br />_ .\�... which may uttain priority uver this Security [nstrument, and Ieasehold payments or ground rents, if any. Borrower shall pay
<br /> - these obligations in the munner providcd in parugraph Z,or if not paid in thnt manncr, Borrower shall pay them on time directly
<br />° � to the person owcd payment. Borrower shall promptly furnish to Lcnder ull notices af amounts to be paid undcr this paragraph.
<br />�� If Bonower makes these payments Jirectly.Borrower shall pmmptly fumish to LenJer reccipts evidencing the payments.
<br /> _ Borrower shull promptly discharge any lien which has pnority over this Security Instrument unless Bono�ver: (u)agrees in
<br /> � �. • writing to the payment of thc ubligution secureci by the lien in a manner acceptuble to Lender;(b)contests in gooci faith the lien
<br /> , by, ur dcf'endx against cnti�rremcnt of the licn in, Icgal procecding� which in the i,cnder's opinion operatc tu prcvcnt the
<br /> `' enforcement af the lien; ur(c) secure�:from the holder of the lien an ugreemcnt satisfactory to L.cnder:+ubnrdinating the lien to
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<br /> ,, this Security Instrument. If Lcndcr dctcrmincs that.tny pxrt of thc Property is subject to a lien which may attain prirn•rty over
<br /> ' this Security Instrwnent. Lender ma}�givc Burrowcr a noticc identifying the licn. Aorrowcr shall satisfy thc lien or tuke one or __
<br /> murc of�hc actions set forth abovc within 10 days of thc giving of noticc. �_�_
<br /> � Form 3Q28 9/90 _
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