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<br /> � '[�OGEPF�R W1TH all the unpmvanents tuow or flereafter erected on t6e pmperty.and all rasemcnts.appuroenacces.and ,- �.
<br />- ' . , � fn:n�now or he,reaft�er a part of the pmperty.All replaoeme�ts and addidons shall also be covemd by[his Security Iastrumen� �:.. � �
<br /> � � .,.>;f All of the foregoing is refe�red tn ia ttris Securiry Insintmeat av the"Froperry" ' �
<br /> � . � � BORROINER COVENANiS that Barrower is lawfutly seised oi the estate dereby conveyed end liag the right w grant and (� "
<br /> convey tlte Pcopeny and that ttce Propeity is unencumbered.except for eacumbrances of recard.Borrower warraats and wiU � ,:,.�`,
<br />; . ` -_ _-:I defend generally the title to the Pcoperiy�gainst all clauns and demands,sublect w any encumbrances of record. � ' ' . .
<br />_ _ .j THIS SECURITY INS'IRUAdBNT combines uniform covenants fos national use aad non-uaiform covenants with limited < .
<br /> ---y'��=---, variaaons by jurisdicaaA to coasiiwte a unifam►security ins�meat covering reai ProP�Y• � -- — -
<br /> , ��� L'NfFORM COVENAN7'S.Bonaarea and Lender eavenant and a�ee as follow� � � :.
<br /> ti �. : l.Payment of prindpal aad InterQSt;Pre�aym�t and Late C6siges. Bmmwer shatl promP�Y PaY wken due the � ;, ` - `�'..
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<br /> ° �. . prin c i p a l of and iri�an the d�t e�ideaced by the Note aad anY prr,payment and late c6arges dne undea theNote. •`'•�.. ',: ;w� ,.'
<br /> . 2.Fimds tor'i'ases and Iasmrance. Subiecl.w applicable taw ur ro a wntteu waivea hy Ix�der,Boirow�sLall pay to � 2.' ,�..
<br /> � �, . Lender on the day mcrntlilY PaS+meau are dne aadea the Note,�mtil the Notc is paid'm full,a sum("Fnnds°)for.(a)yearly t�ccss „ . . "
<br /> ,; .
<br /> , and a�s.sments whiich muy aUain piiaritY aver this SecuQity Iast�umeat as a liea on ttee Pcoperty;p�)yearlY leasehold gaymenis : ,',� �':
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<br /> `� . � or und reats on the Pmgeaty,if any;(c)Ye�IY�d or insutance earty flnod insu:ance premiams,if `. <=�.�'='•'.
<br /> �: • . gr° P�Y �(�Y . ...f_,
<br /> .. �Y.(e)Y�Y mortgage iusurance p�emiams,if aoy;and(�any sums payable by Bortowa to Lendea,in accardance wit6 the ".: :: ,T-=-
<br /> ;i;• � . provisions of patagtaph 8. m lieu af the paymeat of raaitgage�ce pr�ruums.'fhese imems ace called "Essaow Iteuds." '�.`,`-�
<br /> �?"; • LeBder may,ai any taae.voDect and holrl Funds in an amo�mt not w eacceed ihe maximum amount a ic.ad�for a federally reiated ` �' g
<br /> ' • � . mortgage Inan may require for Sorrower's es�ow acco�mt ander the fed�al Rea!Fstate Seutement Pmcedures Acc of 1974 as ` � "'''
<br /> i;• .: ameaded fsom mne to dme,12 US.C.Sec6on 2601 et seq. ("RFSPA'�,untess anoth�taw that applies to the Fands sets a tes� : _ .���'��`_"
<br /> `� � . amount If so.Le,nder may,at any time,coIIect and hold Funds in an ffinoant not to eaceed the lesser amount I.eudea may � .,.`�;=-
<br />,`:� • �: estimatc the amount of Fands deie on the bagis of c�rent data and reasonab2e estimates of oxpendinues of famre F.scrow Items ar - �==
<br /> '% '' otherwise in accordance witb applicable law. . � �.�`,-��
<br />,;, '�.� 'Itte Fands s6a11 be held'm an msdmtion whose deposits are insared by a fedc��al agency,instrumentatity,or eatity(includmg . ' ���:;=�''
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<br /> �.� .� . Leader.if I.end�is suc6 an�tuaon)or u�any Federal Home Loan B�k.I.endea s6a11 apply the Fnads to pay the Esciow . �' �.`;:',':
<br /> ' Items.Lende,r maY not charge Barrowa for holding and applying the Fundg,annually analyza�g the escrow acco�t,oz verifyu►g . . ''� .`-Y'.
<br /> the Fscaow I�s,�mtess Leadea pays Borrowa interest on the Fuads and applicable law pamits Lendea to mad�e suct�a cfiarge. _> -�.��•�:..�_
<br /> ' � �Y Hflweva,L,�dea may require Borrower to pay a on�sune e for an ind dmt mal estate tax o�g s�vice used by ' �
<br /> :: �S � reP 1,� .;�>.g;-_
<br /> '; , Lendea ia cunnecaon with this loan,unless l�cable taw vides otheiwise.Unle�an ent is made or applicable Iaw .. ..,�� �a
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<br /> reqaires mterest w be paid,i.ender shaD not be required to pay$ouower any interest or earnuigs on ihe Funds.Bormwe,r and : , .�!-�
<br /> 'f� Lead�may ag�ee in writing,howevet.that intere��t shaU be paid on the Funds.Lender shall give w Bosmwer,withont charge,an ' . -
<br /> ���`�• • � annual accamntmg of the Funds,showing ccedit�and debits w the Fands and the porpose for wlrich eac6 debit w the Funds was .. =
<br /> ::;;,. . , :':�• `:
<br /> '.r . ' . .` made.'I�e Fnnds ace pledged as addidonal seauity for all sams secared by thiv Seanriiy Insununem • " �•'�`:
<br />:•�`; If the Funds hetd by Lendea exceed the amoFmts pamiued to be hetd by applic�b2e law.Lender shall accomit to Bommwer far . '�:-��ar
<br />.",., � . the excess Fund4 in accordaace with the requirements of applicable 1�w.If the amount of the Fundg he2d by Lender at any time is �;;.:�
<br /> - . ' �` = not sa�icient w pay the fiscrow Items when dae,l.ender may so notify Baaower in writu►g.aud,in such case Borrower shall pay ."`- -:�_;-
<br /> • . � . " to Lender the amoant necessaq► to make up the deficiency. Hormwer shaU make up the deficiency in no more than twel�e � ..�. ����
<br /> � ... monthly payments,at I.ender's sa2e dis�aretion. -��.�,.
<br /> Upon payment in full of all sums secaaed by this Sec�rity Instrumeut,l.endea shall prompUy refund to Borrower any Funds ' ` . .:=;-�
<br /> . held by L,ender.If,undPr paiagraph 21,I.enda shall acquire or sell the Propedty,Lender,prior W the acquisition or sale of the ' • ��_'
<br /> '• ' `{� property,shall apply any Fnnds held by Lender at the time of acq�sition ar sale as a credit a�ainst the sums secured by this ,.;_'�:
<br /> 1 SCCilfity IaSWmE'dIL ,:':� . ' �,�,`a�=`
<br /> _ '� 3.Appticatton of 8aymenta Unlcss applicable taw provides other�vise,all payments received by Lendea�der parag�aphs � ' : „ ' _-
<br /> , l and 2 shall be applied: t'ust,w anY PrepaYment charges due under the Note;sea�ad,to amo�mts payable under paragrapb 2; �
<br /> . , .� � third,w interest due:fourth,w principal due:and last,tn any late charges due under the Notc. � '� '
<br /> _. . 4.Charges;Llens. Borrower shall pay all taxes,assessmenrs.charges,t3nes and impositions atm'butab2e to the Property
<br /> ' .j which may attain prioiicy over this Security Instrument,and leasehold payments or groand rents,if any.Boimwer shall pay ihese �
<br /> �.�'�, . � obligations in the manner psovidrA in paragaph 2,or if noi paid in that manner,Borrower shall pay them on t�ne d'uectiy W the .
<br /> � person owed payment Borrowcr shall promptly fiae.ish to Lender all notices of amonnts w 6c paid unde�this p�agraph. If ` -' �
<br /> � • . ' Bonower makes these payments d"uectly,Horrower shall prompdy fumi4h to Lender receipts cvidencing the paymea�ts: � �
<br /> � Borrowrr shaU pmmptly dischargc any lien ahich ha4 priority ovcr this Sec�uity Instrument un2ess Bo�rower:(a)agrees in . � � ,
<br /> � � writing to the payment of the obligadon secured by the lien in a manner acceptahle to Lender,(b)contests in good faith the tien . � ,.,
<br /> � by, or defends a�sinst enforcement of the lien in, le�aal proceutings which �the Lender's opinion o�erate to prevent the . .
<br /> . enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subor�nating the Gen to ' ,
<br /> this Securlty Inswmcnt If Lcnder det�rnines that any part of the Property is subject w a lien which may attain yriosiry ovea this
<br /> •• • • Security lnstrumcnt,l.ender may give Horrower a nodce identifying the lien.Borrower shall satisfy thc 6en or take one or more . ,
<br /> :�_, � � of the actions set forth abovo within 10 days of the giving of notice. . ' �
<br /> • � Form 8028 9/90 . �
<br /> � � �•eR(NE)�oz+z�ai aaae a m e m�r�am: •
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