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<br /> T0C38THER WITgi all the improvements now or lierenfter erected on the property,And aU eascments,appurtenances,and •
<br /> fianires e�ow or hereafter a part of the propeny. A!l replacements and additlons shall olso be covered by thls Security ,
<br /> Instrument.All of the foregoiag is referred to in thls Security Instrument as the "Ptoperty." �
<br /> � a�RROWER COVENANTS that Honower is lawfully seised of the estute hereby conveyed a�id has the right to gcant n.�d
<br /> convey the PropertY at►d that the Property is unenaumbered, except for cncumbranccs af record. Borrower wurrnnts and will
<br /> defend generally the title to the Propeny ag�inst all claims and demands,subject to uny encumbrnnces of record.
<br /> THIS SECURII'Y INSTRUMENT combines uniform covenants for nation pusp antyd non•uniform covcnants with limited
<br /> �v vatiations by jurisdiction to constitute a uniform security inst�uuient coverin�real ro e
<br /> �� `s UNIFORM COVENANTS.Bonower and Lender covenant and agree as follows: p � When duc the
<br /> ���� 1, pmyment of Prtucipal aad IInterest; Prep�yment and Latc Charges. Bonowcr shnll tomptly p y
<br /> �'�Y�1 principal of and interesc on the debt evfdenced by the Note and any prepayment and lace charges du�under che Note.
<br /> 2,Fund9 for'�axes and Iosurstnce. Subject to applicable law or to a written wniver by I,cnder, Borrower shall pay to
<br /> L,ender on the day monthly payments are duc under the Note.until the Nate is paid in full,a sum("F��1, leasehol paym nts -
<br /> r and ossessments which may attnin pdority over this Ser.urity Instrument as a lien on the Property: (b)Y Y r�.'�
<br /> � - Y or ground nnts on the Property. if any:(c)Yearly hazand or pmperry insurance pnminms:(d)Yearly flood insurance premiums, �:
<br /> , if any;(e)yeariy mortgage insurance Premlums�if any;and(� any sums payable by Bonower to Lender, in accordance with __
<br /> °• the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums•'These items sue called"Esemw Items." �__`
<br /> " Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amounc a lender for a federally —�
<br /> �' related mortgage loan may require for Borcower's escrow account under the federal Real Estate Settlemeut Frocsdures Act of
<br /> 1974 as amended from time to time, 12 U.S.C.Section 2601 et seq. ("ItESPA'), unless another law that applies to the Fuads
<br /> � sets a lesser amount. If so, Leader may, at any tlme. collect and hold Fands in an amounc not to exceed ttic lesser antotmt• �
<br /> a I.ender may estimate the amount of Funds due on the basis of current data and reasonable estimutes of expenditures of future
<br /> `� Escr�w Items or otherwise in accordance wtth applicable law.
<br />` The Funds sLall be held ia an instltution whose deposits are insured by a federal agency, instrumentality, or entiry
<br /> (including Lender, if Lender is such an insdtutioa)or in nny Pederal Home Loan Bank•I.ender shall apply the Funds to pay the
<br /> ' ��� Pscrow Items. i.encler snay not charge aorrower for holding and applyiag the Funds,annually aualyzing the escrow account,or
<br /> " vedfying the Escrow Items.unless 1-eader pays Bonower interest on the Ftmds and applicable law perraits Lender to mske such
<br /> a charge. However,L.ender may require Boaower to pay a one-time charge for an independent real estate taa teport[ng service
<br /> useci by Lender in connection with this loan, unless aPPlicable law provides othenvise. Unless an agreement is made or
<br />. �� applicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or eamings oa the Funds.
<br /> .� , ; +,,"� �;�.��_��T�n�Pr may aeree in writing, however, that interest shall bo paid on the Funds. Lender shall givfYro Bo�ow��h
<br /> without e karge, an a n nual accounting of the Funds, showing credits and debits io thc FuuCs and iha giu�t,.e
<br />'���;'" debit to the Funds was mede.The Funds are pledged as additional securlty for all sums secur�nder shall�account�comBor�°WCr
<br /> v �' � If the Funds held by I.ender exceed che amounts permitted to be held by applicable law,
<br /> ' �� � for the excess Funds in accordance with the requirements of applicable law. If the amount of the Punds held by Lender at any
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<br />:;:��`"�;t`.�.j. time ls not sufflctent to pay the Fscrow Items when due,Lender may so nodfy Borrower in writing, and,in such cave Bonower
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<br /> - ., •;•� ; ehaU pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the daficiency in ao more an
<br /> �=���.1,:.. twelve monthly payments.at i.ender's sole disc�etion.
<br />=iY�`___''�� �_ Upoa paymcnt in ftill of all 6ums secured by this Security Instrument, I,ender shall promptly rofund to Borrower aay
<br />"'°��y:��: Funds held by Lender.If. under paragraph 21,L.ender ahall aeclulre oa sell the Properry.L�nder.prior to the acquieition or sale
<br />—=���� of the Property,shall aPP�Y�Y Funds held by i,ender at the time of acqnisitioa or sale as a credit against ehe sums secured bY
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<br />_--�'L='-�-�-'�' this Securiry Instmment.
<br /> all paymenta received by Lender under paragrap s
<br /> _��.�.`:� 3. Applicetion of Payments•Uni ng°Pp�nbrhazges due uudrr�the Note;secand, to amouats payablc under paragraph 2;
<br />`A='�`.'.�t! l xnd 2 shall be applied: first. to any p p$Y
<br />=--=�� third,to intenst due; fourth,to princip�l due;aad last,to auy late charges duc under the Note.
<br /> --=!= 4. Ctu�rges:Uens• B4rroW�i shall pay all taxes,essessments. charges. fiaes and Impositions attributable to the PropertY
<br /> '° which may attaia prlorIry over this Securiry Instrumcat. aad leasehold payments or ground rents, if nny. Borrowa shall pay
<br /> =Y�:� h 2,or if not aid in that manner,Borrower sh111 p2y thera on time dlrectly
<br />�.�;=��9 these obligations in the manaer provided in paragraP P
<br />- --- to the person owed payment.Borrower shall promptly furnish to Leader all notices of amounts to be paid under this parTgraph.
<br />-�--- -_��j IP Bomower makes chese PaYm�nts dir�ctly,Bonower shnll prompdy furnish to Lender receipts evidencing the payments.
<br /> ��� Borrower ahall pmmpdy discharge any lien whlch has prlority over this Security Instrsment unless Bormwer:(n)agrees in
<br /> -_-��� writing ro the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faith the lien
<br />—��:���� by. or defends against enforcement of the lien in, Iegal proceedings which tn the Lender's opinion operate to prevent tt�e
<br />—=��� enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lieu to
<br /> ���'�-�^'" this 5ecurity Insnument. If Lender detemiines thac any part of the Properry Is subject to a lien which may attaiu prioriry over
<br />���• �_--�V'��'� this Security Insuument, Leader may give Bonower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> _� 'r'�'.:`�'t more of the acdons set forth above within 10 days of the giving of notice.
<br />" Form 3028 8/90
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