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<br /> TOdETHF.R W[T}{ all thc improvcmcnts now an c�rcafter erected�m the praperty, un�1 ull cusen•rn s,ap c u ccs,and �
<br /> fixtures now un c�rc:d'tcr a pun c�f thr_ prcipcny. All replucements and udditionw shull ulso bc covcrcd by thiti 5ecurity
<br /> Instrumcnt. All��f thc furc�uing i�rcf'crrcd to in thi+Srcurity Intitrumcnt us thc "Propeny." �
<br /> BOItROWGR COVCNANTS that Bnrrowcr iti I:nvfully�ci.rd��f thc c,r�tc hcrrhy rc�nvcyrd and ha�th� ri�ht to�runt und -
<br /> � convey the Propeny und thut the Propeny is unencumhered, except for encumbrances of rccord. Borrower warrants und will
<br /> �lefend genernlly the title to thc Arnpeny against all cluim+and Jemund,, tiuhjert to uny encumbrunces of rccord.
<br /> THIS SECURITY INSTRUMENT combincs unitiirm covenantr far natianul use and n��n-unifurm ravenants with limited
<br /> "� variations by jurisdicticm to ccmtititutc a uniform securiry instrumcnt cmcring rcul propcny. �_
<br /> UNIFORM CQVENANTS.Bctrrowcr und Lendcr c��vcnant and ugrcc��follnws: -
<br /> � 1. Puy�ment nf Principa! and Interest; Pirepaymcnt and I.ate Chnr�;�. Bonowcr shull promptly pay when due thc _
<br /> principul of and intcrest nn the dcbt evidenccci by thc Note und any prepuyment and lutc charge:.due undcr the Nate. �_
<br /> 2. Funds far Tax�und Insurance.Subjcct to upplicablc luw ar to a writtcn wuivcr by 4cnder, Borrowcr shull pay to �-
<br /> L,ender on thc day monthly paymcnts arc due under the Note,until thc Notc is paid in full. a sum("Funds")for:(a)yearly taxes -.
<br /> � and��.tiscstimcnts which muy attuin priority nver this Sccurity Instrument as a lien on the Praperty;(b)yearly leaschold payments
<br /> or ground rents on the Property,if any;(c)yearly huzard or property insurance premiums; (d) yeurly flond insurance premiums, :
<br /> ' �' if any; (c) ycarly mortgagc insurancc prcmiums, if uny: and(� uny sums puyxble by Borrower to Lender,in accordunce with
<br /> the pruvisions of parugraph 8, in lieu of the puyment uf nwrtgug4 iasurunce prErniunis.These items are culled "Escrow Items." .
<br /> Lender muy,at uny time. collect anc: hold Funds in un amount not to exceecl [he maximum amount A lender for a federully
<br />- related mortguge loan may require for Borrower's escrow account under the fe:dernl Real Estate Settlement Procedures Act of ;
<br /> , 1974 as amended from timc to time, 12 U.S.C, Section 2601 er.req. ("RESPA"),unless unother law that applies to the Funds
<br /> sets u Icsscr amount. If so, Lendec may, at any time, coltect and hold Funds in an amount not to exceed the lesser amount. �
<br /> Lender muy estimatc the umount of Funds duc on the basis of current dutu and reasonublc cstimates of expenditures of future ;
<br /> Escrow Items or atherwise in accordance with applicable law. �
<br /> The Funds shnU be held in an institution whosc deposits urc insured by a federal agency, instrumentality, or cntity -
<br /> (including Lender,if Ixnder is such an institution)or in uny fiederal Home Loan Ba�k.Lender shall upply the Funds to pay the '
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annu�lly analyzing the escrow account, or
<br /> verifying the Escrow Itcros,unless I.ender pays Bonowsr intcrest on thc Funds und applicAble luw permits Lender to make such
<br /> `---` a charge. However,IxneIcr�iiay�cyuiiC Bui roa�er to pay u oa�-timc charg�.ar at�indegcrdcnt r:al estatc ta�, seporting ��^�ice
<br /> � used by I.ender in connection with this loan, unless applicnble law provides othenvise. Unless an ugreement is made or
<br /> � ' applicable la�v requires intcrest to be paid,Lc:nder shall not be required to pay Borrower any intcrest or eamings on the Funds.
<br /> Borrower and Lcnder may u�ree in writing, howcvcr, that interest shall be paid on the Funds. I.endcr shall give to Bonower,
<br /> ' � � wtthout charge, an unnual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br /> •• debit to the Funds wus made. The F'unds arc plcdged as additional security for ull sums sccured by this Security Instrument.
<br /> , If the Funds he(d by Lender exceecl the amounts permitted to be held by upplicable law, L.ender shull account to Borrower
<br /> ;. , ' for the excess Funds in uccordunce with the requirements of upplicnhle law. If the attx�unt of the Funds held by[.ender at any
<br /> , � time is not sufCicient to pay thc Escrow Itcros when due,L.cndcr muy xo notify Borrowcr in writing. und, in such casc 8orrower
<br /> shall pay ta Lendcr the amount necessary to make up the deficiency. Bonower shull muke up th: deficicncy in no more than
<br /> �. . ,, twclvc monthly payments,at L.ender's solc discrerion.
<br /> �- Upon payment in full of all sums sccurcd by this Security Instrumcnt, Lender shall prompNy refund to Borrowcr uny
<br /> Ac-�.• .
<br />_,A,,.,. ' " Funds hcld by I.,ender.If,under purngruph 21,l.ender shnll acquirc or xell thc Property, Lcnder,priar to thc ucquisition or s:ile
<br /> ,.•.�••• �� of the Property, shall apply uny Funds hcld by I,endcr at the time of acyuisition or sale a�a credit against the sums secured by
<br /> this Security Instrument.
<br /> � 3.Appflcutton of Payments. Unlcss applicable luw providcs othcnvise,all puyments received by Lender unde�r puragrnphs
<br /> 1 und 2 shall be applied: first, to any prepayment chArges Jue under the Notc; second,tci amounts puyable under paragruph 2;
<br />- third, to interest duc: fuurth, to p�ittcipal due:and last,to any latc charges duc undcr thc Notc.
<br /> 4.Chn��es: Ltens. Borrowcr shall pay all taxcs,usscssments, chargcs, fincs und impositions attributablc to thc Property
<br />=- which may attain priority over this Security Instrument, and Ieasehold paymcnts or ground rents, if any. Bonower shall pay
<br /> these obligati�ms in the manner provided in paragraph 2,or if not puid in that manner,Borrower shall pay thcm an time dirccHy
<br /> to the person owcd payment. Borrowcr shall promptly fumish to Lender ull notires of amounts to be paid under this paragraph.
<br /> If Borruwer mahcs thesc payments di►ectly,Borrower shall promptly furnish to L.cnder rcccipts cvidcncing thc payments.
<br /> Borrower shall promptly discharge uny lien which hus priority aver this Security]nstrument unless Borrower: (a)ugrees in
<br /> writing to the payment of'die obli�ution securcd by the licn in a munner acreptuhle to I.ender; (b)contests in gocxl faith the lien
<br /> by, or defcnds against cnforcemcnt of thc licn in, Icgal procccdings whirh in thc Lendcr's opinion operatc to prevent the
<br /> cnforccmrnt of the licn; or(r) }ccureti fram :Nc huldcr of'thc licn an agrccment tiatisfactc+ry to Lendcr subordin�ting thc licn to
<br /> this Sccuriry In::trumrnt. If Li:nJcr dctrrmincs that xny part of thc Propcny is subjcct ti�a licn which may attuin priority ovcr
<br /> thiti Security Instrument. IAnder muy givc Borrowrr a notire idcntit'ying the lien. Bettrower shall satisfy thc lien or take une or
<br /> ntore c�f the.��tiuns set forth ubo�•e within 10 dayti��f thC givtng i�f ncititc.
<br /> Form 3028 9I90
<br /> Pa�Irt 1 0�6
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