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<br /> TOGETHER WITH all tlir improvcmcnts naw nn c�rcuRcr erected on thc propcny. und all c1{��fl�ni�. a�p���tShR�and �
<br /> tixtures now on c�rcuftcr u pun uf thc prc�perty. All r�placcrncnts an� �uJaitio�is shaill al�ii h� cuvcrcd by this Sccuriry ;�� ,
<br /> Intitrumcnt.All u1'thc f�ucgoing is rcfcrrcJ tu in thiti Security Instrumcnt as thc"Pri�perty." �:�`°
<br /> BORROWFR COVENANTS thut Burrowcr iti luwfully sci�ed of thc r�tatc hcreby cnnveycd und huti ihc right to grant and `�u__,
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<br /> runvcy thc Prnperty and that thc Property iti unencumbcrcd,cxccpt f�ir cncumhruncc, of rccord. Borrowcr wurruntx und will •�,;,,-
<br /> :; det'end generully the tiUe to the Prnpeny ugiunse aU cluim.wid JcniunJ,.+ut�jcct tu any cncumhrance�of recard. :�y;.,
<br /> THIS SECURITY INSTRUMENT comhines uniforrn covenant� fnr nutionul use und nun-uniform cuvenunts �vith limited � �- -=__-
<br /> �""�� vuriutii�ns by jurisdiction to constitutc x unifnrm ticcurity instrument r��vcring rcul prc�perty. :,;:-
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<br /> UNIFORM COVENANTS.Borrowcr und Lcnder covcnunt:�nd ugrcc us fi�lli�ws: "_:°—
<br /> 1. Payment of Principul and Interest; Prepuyment and Lute Chur��. Borrowcr shull promptly pay whcn due the "'�=�—
<br /> principAl of und intercst on thc dcbt evidcnced by the Note und any prcpayment und latc churgeti due under the Note. ��a���
<br /> Z. H'unds for Taxes and Insurnnce. Subject tc� upplicuble luw or to u written wuiver hy I.ender, Barrrnver shxll puy ta �_`?'-�___
<br /> t Lender on the day monthfy payments ure due undcr the Note,until the Note is paid in full,u sum("Funds")for:(u)ycarly taxes =.:_
<br /> and assessments which may attain priority ovcr this S�curiry Instrument ac u lien on the Property;(b)ycarly leasehold puyments •.•�;��
<br /> '�; or gmund rentti on the Property, if uny;(c)ycurly hazard or propeny insurancc premiums;(d)yeurly tlood insurance prcmiums, '.4='--�
<br /> �' if uny: (e)yearly mortgage insurunce premiums, if uny:und 14 any sums puyable by Borrower to L.ender, in uccordance with ''i��-."
<br /> - i the provisions of paragraph 8, in lieu of the puyment of mortgage insurance premiums. These items are culled "Escrow Items." ��=�
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<br /> ' Lender ma y. at an y time, collect und hold Funds in un amount r�ot to exceed the maximum umount u Iender for a federally ��,.a�x'=
<br /> .�`i' ,�-
<br /> related mortgage loun may require for Borrower's escrow account under the federal Renl Estate Setdement Procedures Ac�of
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<br /> " �:.t 1974 as umcnded from timc to time, 12 U.S.C. Section 26U1 rt seq. ("RESPA"), unlcss another law that applics to the Fui�ds ...�
<br /> sets a lesser amount, If so, Lender mny, at any time, coUect and hold Funds in an amount not to exceed the lesscr amount.
<br /> �rE Lcndcr may estimute the umount of Funds duc on thc basis af current data and reasonuble estimatcs of cxpenditures of future
<br /> ""� Escrow Items or otherwise in arcordance with applicable law. E .'
<br /> The Funds shull be held in un institution who�c deposits are insured by u federal aF�ncy, instrume�tality, or entity �[�.��
<br /> t� =c.
<br /> (including LenJer, if Lendcr is such an institutian)or in any Federal Home Loan Bank. Lender shuU apply the Funds to pay the f;:
<br /> Escrow Items. L.ender may not charge Borrowcr for holding and upplying the Funds,annually analyzing the escrow account,or
<br /> " 1 verifying the Escrow Items,unless Lender puys Bonower interest on the Funds und upplicable law permit�L.cndcr to make such
<br /> a charge. However, l.ender may require Bonower to pay a one-time charge for an independent real estate tax reporting service
<br /> ' used by I.ender in connection with this loan, unless upplicable law provides othenvise. Unless un ugreement is made or
<br /> applicuble luw requires interest to be puid,I..cnder shall not be required to pay Horrower any intcrosc or carnings un tl�e Fuud,.
<br /> Borrowcr and L.ender may agrce in writing, however, thut intcrest shall be paid on thc Funds. Lendcr shall givc to Borrower.
<br /> ., without charge, an annual accounting of the Funds, showing credits und debits to the Funds and the purpose for which each
<br /> debit to the Funds was mude.The Funds are pledged as additional security for all sums secured by this Se;curity Instrument.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law. I.ender shall account to Borrower
<br /> for the excess Funds in accordance with the requirements of applicable law,If the ainount of the Funds held by L.ender at any
<br /> � tirne is not sufficient to pay the Escraw Items when due,Lendcr may so notify Borrower in writing,and,in such cuse Bonower
<br />- shall pay to I.ender the amount n�cessary to make up the deficiency. Borrower shall muke up the deficiency in no more than
<br /> twelve monthly payments,at Lender's sole discrction.
<br />-� Upon pnymcnt in full af all sumx secured by this Security Instrument, L.cnder shuU promptly rcfund ta Sorrawer any
<br /> " Funds held by Lender.If, under paragruph 21, Lcnder shall acquirc or scll the Property,Lendcr,prior to the ucquisition or sale
<br /> • . of the Property, shap apply any Funds hcld by I.endcr at the timc of acquisition ur salc uti a credit against the sums secured by
<br /> ' this Security Instrument.
<br /> 3.Application of Payments. Unless upplicable law provides othenvise,all payments received Uy Lender under paragraphs -
<br /> ' l and 2 shull be applied: first, ta nny prepayment cliarges duc under thc Natc: sccond, to umounts payublc under paragraph 2; -•�
<br /> third,to intcrest duc;fourth,to principul due:and lust,to any lute chargec due under the Note. _
<br /> ~ 4. Charge.s; I.iens. Borrower shall pay aU taxes,assessments, charges,f nes and impositions attributuble to thc Property -�
<br /> which may attain priority over this Sccurity Instrument, and Ieasehold payinents or ground rents, if any. Borcower shaU pay �-
<br />-� . these obligutions in the manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on time direcdy
<br />� to the person owed payment. Borrower shall prompdy furnish to Lender all notices of umounts tc�be paid under this paragraph. _
<br /> If Borrower mukes these payments dirccdy, Borrower shall prompdy furnish to L.enJcr rcceipts evidcncing the payments. _
<br /> Bonower shall prompdy discharge any lien which has priariry uvcr this Security Instrument unless Borrower:(a)agrecs in ��.
<br /> writing to Ihc paymcnt of thc obligation sccurui by thc licn in a manncr acccptablc ta Lcnder; (b)contcsts in good faith thc licn _
<br /> by, or defcnds against enforccmem of the lien in, Iegul pn,ceedings which in thc Lcnder's opinion operate to prcvent the :�,.��_�=
<br /> enfi�reement c�f thr lien: c�r(r) secures frcim the heildcr of'the lie��an agreement sutisfartory to Lrnder subordinating thc lien to �-'°`"-"
<br /> this Security In.trument. If Lender determines that uny part nf the Propeny is ,uhject to a lien which nury uttain priority over :,;R=
<br /> this Scrurity Instrumcnt, Lcndcr tnay gi��c Borrowcr a notirc identifying thc licn. Bc�rrc�wcr shall satisfy thc lien or takc c�nc or ':� .
<br /> . ntore uf Ihc aetions tict fc�rth above within 10 dayti of'the giving ul'notirc. r
<br /> Form 3028 9f90
<br /> _ . P�6o 2 of f
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