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<br /> � TC)GFTHER WITH all thc improvements now or hercafter erected on the propeny, and ull easement�, appurtenanccs,and . ,.
<br /> fixtures now on c�reufter u part cif thc property. All replacements and additions shall also bc rovcred by this Security : �:,,�,+;p
<br /> ]nstrumcnt. All c�f the foreg��ing is refcrred to in thir Security Instrument as thc "Property." `"'f�—
<br /> BORROWER COVENANTS that Burrawcr is luwfully seised��f'thc ertate txrcby ronveyeJ urxl has thc right io grant and , ;�.�;.,�t��`�.
<br /> ,� � . �'''.- -
<br /> ' convey the Yrc�perty and that the Properry i� unencumbercd, exrept for encumbranres of rerord. Burrc�we:r��arrants and will . . ; �;:., —
<br /> defenJ generally the title t��the PropeiKy uguimt all claims and demunds,subject to any encumbrunres of recc�rJ. :2��'�`,,'�,-+�R54M�
<br /> � .f,n ,,,�..,.�._
<br /> TIIiS SGCURITY INSTRUMENT rombincs unif'nrm co�•enanh far natinnid utie and nnn-uni(orm rnvcn:mts with limited • _. ...�.
<br /> � c��rz-�.«.� �v�c�..�
<br /> w.,,n..� � variation,hy jurisdictiun to rnn�titute u uniform serurity in�trument ravering rcal propeny. .,K'�f�c�•�
<br /> •-* ' UNiF(�RM COVENANTS. Borrowcr und Lender cavenant and ugrce as R�Uowa: bti�"=`__"
<br /> l. Puyment of Principul and Inter�wt: Prepayment und l.ute Ch�r�Ew. Borrowcr +hall prumpAy pay whcn Juc the ��`="-"�"--� -��---
<br /> prinripul nl'and intcretit un thc dcbt cvidcnccd hy thc N��tc und uny prcpaymcnt a�xl lutc chur�;eti dur undcr thr Notc. �N-,;,�_-
<br /> 2. Funds Por Tux�w und Insurunce. Suhjcrt cu upplicuhlr law or tu a writtcn wuivcr hy Lcndcr. Burr��wcr tihull puy t�� ���_�_=
<br /> ' Lcndcr��n tlic duy monthly paymcnts arc duc undcr thr Nutc. until ihc Notr i�pa►id in full.u,um("Fund,") ti�r:(a►ycurly tuxcti �� ____.��_-
<br /> ,m�l :i.r�ti,nunt+whirh may uuuin priurity uvrr�hiti 5ecurity In,[rumcnl a. u licn an thc Pri�pcny: (hl ycarly Ica,chuld p�rynunts
<br /> �_
<br /> ar�!raund rrnt,an thc Yruprrty. if uny:lr)ycurly huiard ur pruprrty in�urunrc prcmiums: �d) ycarly flu�x!insuranrc prcmiums, __-
<br /> �--
<br /> if uny: Ic►yrarly murt�ngr in�uruncc prcmium,. if uny:and 11l :my tiums puyuhlc by Burrowcr to Isndcr. in accnrduncc with _
<br /> . thc provi,inn,nl'parugruph 8, in licu uf thc pirymrnt uf murtga�c in,uranrc prcrniurn+. Thc+c itcros are caI1�J"Esrrow ltems." _=
<br /> Lcndcr nwy, at uny timc. collcct and hubl FUI1tJti Itl 1l0 IlI11uU�lt IIDI tu cxcccd thc maximum um<�unt a IcnJcr for u fcdcrally
<br /> �:..—
<br /> reliU�d marl�:agr luan muy rcyuire ti�r Burruwer's e+crow acrnunt unJer the federul Reul E,tute Settlement Procedures Act of
<br /> �,.�'--.
<br /> 197d a�amcndcJ from timr tu timc. 13 U.S.C. Scrtiun 2b01 r�sry. 1"RESPA"l.unlc„anutl��r luw thut applies ro thc Funds �.. --
<br /> � • �etti a Icti.cr mnuunt. If su. Lcnder may, at any time, ruliert und hold Funds in an amc�unt not to exceed the lesser amc�unt.
<br />' � Lcndcr may est'tnlule Ih�untount i�f FunJs Ju� un the husis uf current Jatu and reuscmable rstimatcs of cxpctxlitures of future �J��
<br /> .� E.craw Itcm+or otherwisc in arrurduncc with applicablc law. °' —°—
<br /> � Thc Fund� shall hc hcld in an in�titutiun �vhusr depatiit� arr insured hy a fcdcral agency. instrunientality, or entity
<br /> ��^-._.
<br /> (including Lcndrr, if Lc�ndcr is,uch un instituiic�n)ur in any Fcdcral Humc L��an Bank. Lcndcr.hall apply thc FundL to pay thc ��.r—
<br /> �' Escrow Itrm�. Lcndcr may not rhurgc Burruwcr fun c��lding and applying the Fundti, annually ;malyr.ing thc cscrow uccount,or ��r
<br /> vcrifying the Escrow[tem+, unless LcnJcr puys Burmwcr interest�m thc Funds urnl upplicable law permits Lcnder m make such ����
<br /> � a charge. However. L.ender may requirc Borrowcr to pay a onc-timc rhar�c for an indcpendent reul cstatc tax reponing servicc ��
<br /> . used by I.ender in ccmncctiun with this loan, unletiti upplicablc luw provides othenvise. Unles, un agreement is made or �:
<br /> , applirablc luw rcyuires interest to bc paid. Lcndcr shull n��t bc rcyuired tn pay Borrowcr any intcrest or curnings on thc Funds. ,�
<br /> . -- Horrower unci Lcndcr may agrcc in wriciag. iu,wcvor. �hut ItlICIC1I 1It711 VC�)U�IS��r� tF� f"ur�ds. Lcr,d�r shal!bi�c �a Sorrc::��r. `--
<br /> y.: without rhurge, an annual accc�unting uf the Funds, .howing crrdits and debits to the Funds and the purpo�e for which each __-
<br /> �• dcbit to the Funds was made.Thc Funds are plcdged as additional scrurity for all sums tircured by this Security Instrument. "`-
<br /> � If thc Funds hcld h��[.cndcr cxrccd thc amuuntti permiucd to bn c�ld hy 3pplirahlc law, L.cnder shall account to Borrowcr
<br /> ��; for the exress Funds in accordunce with the rryuiremcnts of upplicable law. If the amnunt of the Funds held hy I.ender at any _ ��
<br /> ' time is ni�t suflicicnt to pay thc Escruw Itetns whrn duc.Lender may so nc�tify Borrc�wer in writing,and,in such case Borrower
<br /> � shall pay to L,ender thc umuunt necessary to make up the Jeficieixy. B��rrower shall makc up the deficicncy in no more than "��'
<br /> �• twelve monthly payments,ut Lender's sole Jisrreticm.
<br /> � Upun payment in full of •rll sums sccured hy this Scrurity Instrument, i.ender shall promptly refund to Borrowcr any �—
<br /> � Funds hcld by Lendcr. If, undcr puragraph 21. Lendcr�hall�ryuirc ctt scll thc Property, Lcndsr, prior to thc acyuisiti�m or sale
<br /> of thc Propeny, shall apply an; Funds hcld by Lcndcr at thc timc ot�acyui�ition or salr as a rreJit againtit thc�ums tiecurcd by
<br /> . this Security Instrument.
<br /> - � 3.Application of Puyments. Unletis applirahlc law pru��idc�othenvise,all paymcntx r:ccivcd by Lender under paragraphs
<br /> I and 2 �hull he�pplicd: tirst, t��any prepayment charges due undcr thc Note: sccc�nd, to amountti payable uixlcr paragraph 2; �
<br /> tfiird,to intcrest duc;ti�urth,to principal Juc;and lutit, to sny latr churgcti duc undcr thc Note. —__
<br /> • 4.Char�es: l.iens.Aorrowcr shall pay all taxcr, asscssmcnt., char�es, fincs and imp��sitiems uttributablc to the Property __
<br /> which may attain priority cwcr thiti Sccuriry Instrumrnt, unJ Irusnc�ilJ puymcnts��r gruund rent�, if uny. Borrcnvcr shull pay _
<br /> � thesc ohligations in thr manncr pruvidrd in paragraph 2,or il'nut paid in that manncr,Borrowcr shall pay thcm on iimc dircctly --
<br /> to the penon��weJ payment. 9arrowcr shull promplly f'urnish ti� LenJer all noticcs of amuuntx tu be paid ttnder this pura�raph.
<br /> If Borruwcr makcs thc,e puyment�dircctly. Borr��wrr tihall promptly furnixh to I.cndcr reccipts evidcncing thc paymcnts. —
<br /> Burrower tihall promptly ditirharge any lirn whirh lia�priority��ver thiti Security Instrument unlesx Borrower:(a)agrceti in �—'—'__—
<br /> writing t��thc payment of thc ubligaticro sccurcd hy thc licn in a m.uuur arceptublc tc�Lender; (h>rontestx in good fnith the lien ��� —�
<br /> h ur defrndti a�aintit rntiirrcmrnt uf thr lirn in. Ir�al rurcrdin�.which in thc I_rnder's o inion �� �rme tu rcvent the "'�"�—'�
<br /> y. b b p �� {� P' P •':�»=.�'N"",...�_,�
<br /> cnti,rrrmrnt ul'thr licn:or (rl ,ccurc�I'rum thn c��IJcr of thr licn an agrecmcnt satisfactc�ry tci LrnJcr�ubcirJinitting thc licn to •.�tew� �:
<br /> "�:[!_�'��
<br /> thi�Scrurity Instrumrnt. If I.rndcr dctcrminc+ that any pan u(thc Pruperty is whjecl t��a lirn which may auain priurity ovcr Y„ ,�a .-
<br /> ihi�Scturity Intitrununt. Lrndrr may givc tiorro��•rr a nutirr idcntiCyinE thc lirn.Borroa�cr shall �ati�fy thr lien or tukc unc ur � �'��r ,,���.—�-�"�.:`r
<br /> ntcirr oFthc aclionti ut forth abrn�C��•ithin IU da)•�n(Ihc gi�-ing of nciticc. A�';4���'.
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<br /> Form 3028 9/90 ^i�
<br /> Irapr 7 a�G . `,. .
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