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<br /> 'POGETf�R VYITH all the improvements now or hsreaftEr erected on the property.and all ea�ements. aPPurtcnances.and � . .
<br /> �
<br /> � fixuues now or h�after a part of the pmpeaty.All replacements and additions shail also be covered by this Security Instrument. k ' 8
<br /> •,;{ All of the foregoing is referred tn m this Security lns�ment as the"Property." !, . �,�
<br /> . { BO�ROWER COVENANTS that Borrowcr is lawfully seised of t6e estate haeby wnveyed a��d has the right to gant and } . � � .�_
<br /> ' cflnvey the Property and that the Property is unencumbered, except for en�umbrances of record.Borrower waaants and vvill �. '
<br /> ' defend gene�ally�he ptle to the Pro�ty a�ainst all claims and demands,subjr,ct to any encumbrances of rcxord. �,, • -_-.-.
<br /> TFIIS SECURITY INSTRUIV�NT combines uniform coveaants for r►ational use and non-uniform covenants with limited ; - • � --- -
<br /> � variaaans by jwisdicdon tn constiwte a unifaan security insuument coveaing real prope�ty. .+�
<br /> ' U!VII'ORM COVENANTS.Borrower and I.ender covenant and agree ac follows: : '• . "�'�
<br /> � 1.Paymeat oi�cipal and Interest;I'repayment sud L.ate Charges. Borrawer s6all prompQy pay when due the ' ' : t _
<br /> '�� painapa!of and interest on the debe evidencat by the Note and aay prepayment and Iate charg�,s due under the Note. f ` '; .-�t;� " �
<br /> ";y Z.F�nds tor Tases aad Insuraaoe. Subject W applicable law or to a writt�en waiver by I.ender. Borrower shall pay w � �� ,;,: .
<br /> Leader on the da monthl " taxes E •:��_
<br /> y y payments are due under the Note,nntil the Note is paid in full,a sum("Funds)for.(a)yearly
<br /> and assessments which may avain priority aver this Security Inshument as a lie�on the ProgertY•(b)Yearly leaselwld payments � :`.-;`'���=-__
<br /> . or ground re�ts oa t2te Propeaty,if any;(c)Yeazly harard or propa�ty insurance premiums:(d)Yeariy flood'msurance premiums.if � :.,�..;-�.e;.,�"�
<br /> �Y:(e)Y�Y mortgage msurance premiums.if any;and(�a�►Y�PaYable by Banower to I.ender,in accordance with the �_._.__._..
<br /> . provisions of garagraph 8, in lieu of We paymeat of mortgage insurance premiums.These items are calted"Esaow Iteans." -"_�'`�=`�'_�_
<br /> I.eader ma ,at� tirae.collect and hold Funds in an amount not to exceed the maaimum amount a lend�for a federall related �� �'�=``
<br /> . ` Y Y y , [-�=------.
<br /> �: �; mortgage toau may require for Borrower's escrow aocounL�nder the fedeaal Real Fstate Seulement Procedtues Act of 1974 as . , _-�+p�=�-:
<br /> ' amended from iirne to ti�me,12 U.S.C.Seaion 2601 et seq. ("RFSPA'�.unless another law that applies to ttae Funds sets a lesser �'�.�..�
<br /> � amaunt If so,Lendrd may,at any mne. collect and hotd�ds iae an aaiount nat w exceed the less�amount Lendea may .� - -
<br /> ��' estimmare�amount of Funds due on the basis of cunent data and�easonable estimares of expendidues of fuwre Escrow Iteras or • •�
<br /> ar
<br /> othrawise in aecordance wirh applicable law. . z ,
<br /> The Funds shall be hedd in an institudon whose deposits are insur�d by a fedeaal agency,insuum�tality,or ea�tity(inciading � �
<br /> "'i,;..,,;�
<br /> . Lenda,ff Lea►der is snch an instiwtion)or in any Federal Home Loan Bank.Y�rader shall apply the Funds w pay the Escrow : . .�,>�'s�:.-_.-
<br /> - Itaas.L.��a may irot charge Bomawer for holding and aPPtYing the Funds,annaally analyzing the escrow accounb or veaifying . -�'_ �
<br /> ' the Fsc�a��tns,anless I.euder pays Bormwer intaest on the Funds and applicab2e law peamits Lendea to make such a c�arge. . •.�,�' .. �s:; . -
<br /> . ^� -
<br /> However,Lend�may require Horrower w pay a one-dme c4arge for an indepes�dent real estarE tax reportu�g service esed by •: � " -
<br /> _ I.endea in connection with this loan,nnless appticabte law pmvides otherarise.IInless an ag�eement is made or applicable law __..�; �.,�.gk,,:�;;;y-�;--
<br /> unes'°�..�erest to be aid,Lendes sha11 not be uued ro a Boirower any mirsest or eamings oa the Funds.Borrower arcd "��'-"
<br /> req .ar P � �1 P Y ;..:_,�.:. �,}"`,`,",_
<br /> _ ; Lender�.�agee in writing,twwever,that interest s1�aII be paid n�she Funds.Lender sha112j.�-e�Botrower,without c�°.,an ,�,,,,�..i.�i�;:ap�.n .r
<br /> snnnsl ac�sant�g of the Fun3s,shc:�:.,�c�4its asd debits to s��..�ds ant�she pu�pose f�w��ych each debit to the Fuar�.��as _.:����+;-`�A T:i: �w� '
<br /> made.'lhe Funds are tedged as addia�al saa�ority for all sums sec�^°..d b tf�s..eaui Ins�-*.�t --�'"`�"`�- c
<br /> P Y � ty �y.i ;. �.,,
<br /> If the Fuads deld hy L�endea eaceed the amounts peimiued Eo be held by�rir=.31e law.L,end�shall account w Bormwer for t,,;,,�•;. � ';� :
<br /> � : the excess Fands in accotdance with the requirements of applicable law.If tDie:�rmt of the Funds he2d by Lender at any time is :,� ��r �
<br /> ' noi sufficient w the Fscrow Items whea due,Lendra may so ao Borrower in writin ,and,in such case Borr�wer shall a `. : .='�
<br /> . PaY �l+ 8 P Y ���: ���---
<br /> to Le�dea the amo�mt necessary w make up the deficiency. Botrower shaU make up the deficiency in no more than twelve ,-�•-
<br /> � , monthlY PaYments,at I.ender's sole discretinn. �`_.. .f�� -
<br /> . : Upon payme,nt in full of all sums se�red by tLis Secwiry Insuument,Lender shall prompdy refund tn Borrower any Funds �.�� _�.�-• - _-
<br /> . held by Le�der.If,andra pazagtaph 21.Lender sh;�acquire or sell the Property,I.ender,prior tn the acquisiuon or sa2e of the • ?'�"�-..�=,-r..�,�
<br /> � Property,shall appIy any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this •,a,•:_ ''�
<br />"/. '. y,..... L "..t z.�_
<br />, " Security Inswment .. �n��,
<br /> � • t 3.A p p l k�¢t t o n a Y P�y m w t a L':.r,:s s a p p li r a b t e l a w p r o v i d e s o t h e x w i s e.a ll p a y m e n u r c�r u v e d b y L e n d e r a n d e r p a r-.,�r s p h s _'�!��,��•� .
<br /> 1 and 2 shall be applied: fust,w anY Prepaymsnt charges due undea the NoL:,sacond,w amounts payab2e u:�er;�rr.�r 2; =:;.�,io,�,i�,�•a�,:'-�
<br /> tL'ad,to inteaest due:fe�.tn principal due;and las4 tn any tate charges due i.:�r1�the Note. . �,-
<br /> • 4.Charges.Llp�. �dorrower shall pay all taxes.assessments.ct�arges. fines and impositions attn'butnble to the 19:ope�ty - ' � � . �t:�::
<br /> which � o ova this Secmi Instrument,and leasehold • r'Y�''�'
<br /> may Pn mY tY PaYments or�ound rents�if any.Borrower shall�y these - +'�
<br /> obligations ui the manner provlded in paragraph 2,or if nflt paid in that manner.Borrower shaaU pay them on time d'aec:C�tn the ' �
<br /> peason owed payment Batrower shall promptty fumish to Lend�all notices of amounts w be paid under this parngraph. If ' 'R..' ':....�..
<br /> Borrowei malces these�3rme,uts directly.Amrowa shall promptly fumish to L.ea�der receipts evidencing the pti:.��.�r.cs. � � .:: F;�,
<br /> Borrower shgll promptly discharge any lien ahich has priority over this Security Inswmea►t unle�a Ba�rowea:(a�:�.-•ees in ' �
<br /> �.'a,.,.,•' . ..
<br /> • writing w the payment of the obligatnn secured by the lien in a manner acceptable to Lender E�)contests in good fa�o d:e lien '.r,;;�,' �. ��=:::
<br /> by. or CP1.`��s against enforcemer.t cff the lien in, Iegal proceeitings which in the Lea�der's opinion operate to pre��t the �yt����`'`' � '- • ..
<br /> e�fon.etnent of t�.�q;or(c)secures from the hold�of the liea an agreement satisfactory to Lendea subordinating the lien w •. ; ,.:�
<br /> _ tbis Securlty Instn�snt If Lender determines that any part of the Propeny is.::�;ect to a lien which may attain priority ovcr this ' ' • .. ,.
<br /> Seciuity Insuvment,LenBer may give Borrower a nouce identiffyir.o L*.z��-'�.G:srrower shall satisfy the lien or take one or more ' �
<br />� af the as�ons set forth above within 10 days of the giving of no�ce. ' '
<br /> Form i.W2B 9/90 • ',<<;i';'�• � .
<br /> ��fd(N�(0212).O7 Payo 2 ot 6 Inrtlaro. , .,�'j::� • . �
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