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<br /> ` TOtiE'I�IER W1TH all the impmv�e�ts now or he�eafter esected on the piopeaty,��all��`��i�tena�ccs.and ' ' - ,
<br /> � futiaes aow or hereaftar a part of thr:Pi'oP�Y.Atl reptaceanents and additions shaU atso be covered by Wis Seauiry Insl�umcnt < .
<br /> • � � r � .' A11 of tbe foregoiag is refemed to in this Security Instrumeat as the"Prnperly.° • �' . ` � �
<br /> : . BORROWSR COVENANI'S d�at Brnmwer is lawfutty seised of the es�ie hereby coaveyed�d has the right t�grant aad `°
<br /> ' _ _ �-�� coavey the Propeaty aad that the Ptopeity is unc�cam6e�e�,excePt for ea�cnmbrauces of record.Bonower wariaais and w71 . .. _
<br /> - . defend geueaally the utie to the Prap�ty agamst all ctaims�d demazads.subjax�o any eucumbrances of record. _ � .� ,
<br /> u - - ---;`��� THIS SECiJRITY INSIRUMENT cambmes imifoffi cove�a.nts for national use and noa-unifomr covenants wiW lunited �.---.' .. _
<br /> vaziarions by fiuisdiction w constioitE a aniform secauity IIistrnment covering real property. .`<:
<br /> t _ �
<br /> � � UNIPORM OOVENMPIS.Boirower and Lender coveaant aad agree as folIow� • .
<br /> . . � . 1.Fayment o!Priaapal aad Inte�esl;Prepayment and Late Charges Boaower s4all PmmPfll► PaY whe� due the �
<br /> . ' Principal of and inte�t an the debt evidenced by the Note and any prepayment and late d�ges doe�mder the Note. �_-�'�� .�
<br />'�; . . ` 2.Fands far Taaes and Insnranc� Snbjea io applicable 1aw or tn a wrilren a+aiv�by I.enda,Borrowea shall pay to .
<br /> . ' � LL�eeader on the daS+�Y PaYme�ts ace dne uader the Note,�mtii the Noic is paid'w fni1,a svm(°Funds7 for.(a)Y�Y� 7'•._.��." :``'"r.
<br />-�. ,�.. and a�ents which way attam piiority over t6is Security Ins�unent as a lia►an the proPe�tY:(b)Yearly Ieasehold payments .� ,,`;-;• _
<br /> -: ar gra�d renis oa the PmPenY.if'any,(c)Ye�r1Y ha�ard or pmperty insivance pQemiams:(�Yearly ftoad ins�aance prerniums,if '�.' ;•;`,;-=�,n.
<br /> '7� � • � anY.(e)YearIy mortgage�ce prerniums,if any;aad(�any s�uns PaYable by Bormw��o Leader,m accordance with the -° �=:'.
<br /> '' - . prnvisions of paragraph 8, in lieu of the payment of mortgage insu�ance pmmiums.'Ihese items are calted"Escmw Items.° � � ��%
<br /> Lend�may,at any time.collect and hold Funds in an amannt aot w exceed tlte ma�cimwu amonnt a lender for a federally ielated
<br />- . •; moitgage loan may req�e fos Boirower's esr.zow asco�mt under ti�federal Reat Fs�te Seuleme�t Pmcedares Act of 1974 a4 �.'�..:`.r�':�.;�:;�-
<br /> ; amended from dme to time,l2 U.S.C.Secx�n 2601 et s�q. ("RESPA'�,�mless anoihea law t�ai agplies to the Funds sets a 1e,sser , ``•`;°�—
<br /> ' . ..:�.� amoimt. If so,Lexider mag,at any mne.coitect and 6o2d Funds en an amount not w exceed the tesser amouat Lender may . . : ` }:_�,.
<br /> • : ���."' est�atc the amoiu►t of Fonds due on the 6asis of caureat data and reasonable estimates of expendiUUes of fumre Fsctow Items or �
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<br /> _ . .-°�:: othela+ise in accordance wid�applicable law. � � ��'��=�
<br /> ° . 1he F�rtds shall be heid in an mstiwtion whose deposits are ms�ed by a fededal ageacy,in.stramentality,or entity(including . ',`�`�;�i;`s;'
<br />' .�E • ' � Lemder,if Le,nder is snch an ms�wrion)or in any Fedaal Home Laau Bank.Leader shati apply the Funds to pay ihc Escxow �.r.o;:�„_;
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<br /> - " -. ItEms.I.ender may noi charge Borrower for MldinB�aPPh�B the Funds.azu�aallY anatYziAg the e,stzow accaunt,�verifymg �-.k�'r .:�:.�.� :.
<br /> - � � � the Escmw Item9,nnless Lender pays Barmwer intea�est on the Fuads and applicable law peamits Lender to make sach a charge. ' ������'
<br /> . � , � �� --r�.;
<br /> ' • However,Lender may require Borrower to pay a on�Bme charge for an independ�t real estate ta�c reporting seavice osed by � ' �•`���;�
<br /> �~j . , ';1 • Lend�m wrmection with tbis loan,untes4 applicable 1aw pmvides otherarise.Unle$s an agreeme,nt is made or applicable law ,.���: -.;A'�+i�'.;•
<br />- . ��.' reqaires interest to be paid,Lertd�shali not 6e requued to pay Bmmwea any inierest or eamiags on the Funds.Borrowea aad �;�`:� .
<br />�`>i� �� I.ender ma,+a:�+e in writipg,however,that int�est shall be paid on the Funds.I.eader st�all give w Bormwer,without cdarge.an , .. �-� ,.
<br /> .,,��_ ' � ' � aanual acooun�ag of the Funds,showing ccedits and debits w the Funds and the pucp�se for w4ich eacb debit to the Funds wac -
<br /> ' ' made.'I4ie Fmids are Ied ed as addioional seaui for aU swns seaued b this S � `�>�T�"�
<br /> �.'' . . P g tY Y eauitY Iasuum�t ;�.;�,��':
<br /> '"' �� 1f the Fuads held by L�da excxed We amounts pearniurd tn be held by applicab2e law.L.ender shall account to Bormwe�for < -�:;�,;_""�^
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<br /> _ . . . the excess Ftmds In accordance with the requiremenis of applicabte taw.If the amaunt of the Funds detd by Leaider at any tirne is , �.; ��:.
<br />• � not sufficient to pay the Fscmw Items whea�due,I.ender may so notify Bosrower in writing,and,�such case Bomower shall pay � � �����:=
<br />`5'": . . to Le,n�the amount nec�ssary to make up the deficiency. Borrower sha11 make up the deficiency in no more than twelve . �f ��:�'"
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<br /> � monthlY PaYmenis.ai l.ender's sole discrction. � : �-
<br /> Upon paymeat ui full oi all sums se�ured by this Security Lu�amen�Lendes shall promptly refund to Borrower any Funds � ...'�:--
<br /> held by Leader.If.under paragraph 21.Lender shall acquire or sell the Property,l.eud�,prior w the acquisition or saIe of the • -� �., ��`
<br /> _,�? . Ptope�ty,shall apply arsy F�mds he2d by Lendes at the ame of acquisidon ar sale as a credit against the sums secured by Wis �
<br /> ;r;; • Securiry Instrument � . '.�-'_
<br />�::� . � �� 3.Application olPayments. LJnless apptirabte law provides othe�wise.all payments received by Leader under paragraphs _ . -:�,�
<br /> 1 and 2 shall be applied:fast,w anY prepayment charges due�mder the Note:second,w amounts payable nndet paiagragh 2; ' � , . :�.•�::
<br /> • � � thad,w lntraest due;fourth.w principal due;and Jast,w any late charges due undea the Note. � .. '
<br /> ; . 4.C6argest Ltens. Borrower shall pay a11 taaes.asses�nent�. charges.t"ines and imposidons attributable to the Property �
<br /> .. , which may auaiu priority ovc�this Security Inswment,and leasehold payments or ground i�nts,if any.Boimwer sha11 pay these "
<br /> .�J 1 � . .
<br /> obligations in the manner provided in puagraph 2,or if not paid in that manner,Borrower shall pay them on time directly to the
<br /> peason owed payment Bonower shaU promptly fumish to I.ertder all notices of amounis to be paid undea this paragraph.If � � �
<br /> � . Bonowe.r makes these payments direcdy,Honower shall promptly fumish to l.ender recelpts evidencing the payments. �. ..
<br /> ' Borrower shall promptly discharge any lien which has priority over this Security lnstrument unless Bomower:(a)agrees in , . .'
<br />� . . writing w the payment of the obligation secured by the lien w a manner acceptable w Lender,(b)contests in good faith the lien . � �
<br /> � by. or defends against enforcement of the lien �, tegal proceedings which in the Lender's opu�4on operate to pnwent the � � •-
<br /> _-_. e�nforcement of the lien;or(c)secures fsom the holder of Ihc flen an agrceme�tt satissfactory to Lender subordinating the lien to ° . .
<br /> • � � this Securiry Inswment If Lender detemiines that any part of the Proyerty is subject to a Gen which may attain prtority over this � �
<br /> Securiry Instrument,Lender may give Borrower a norice identifying the 11en.Bonower sha11 satisfy tho Gen or take one or more
<br />- i of the actions set forth above within 10 days of the giving of notice. , • '
<br /> . � Form 8028 9�90 �
<br /> � �•8R(NEl(s2�2�.0� aapo 2 m e iNne�a: .
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