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<br /> � � . TOGETI�R W1TH ail the imprm►ements nnw or he�eaftrr�on[he pmpecty,and all easemems.aPPn�teaances.and �.
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<br /> ..• . f�u�now or h�ft�a part of the�p�y.A11�p1�s�►�B�d additions sdall also be cove�ed by this 5ecaui.ty ta4uument .
<br />_ � ` . All of the foregoing is refe�red w II►this Security Insaumeat as the"Prapeary." 1 �
<br /> BORROWER COVENANTS that Botmwer is lawfuily seased of the�7ate hereby oonveyed and has the right to g�ant and
<br /> • . convey the Pmperty and that the�COperiy is Unencumbered,except for eacambranoes of reoord.Bmmwer waaants and arill ,. _ :
<br /> - - _—�. def�d g�ty the mle w the P�operty aga�st all claims and demauds.sab1ect m any eticumbrances of record. "<. , '� `-� '. .
<br /> erty
<br /> ' � ' THIS SECURITY INS1RiTN�1T combines �mifoim covenants for nationa!use and non-uniform covenants wat�timiUed �-
<br /> ' .. . �bY J�is�ipion to cons�a imifotm sec�rity msuumeat oovering�eal pmrperty. �`� � � ` � ,
<br /> • UNIE�ORM CO1tEN�iNI'S.Bormwer and Lende�covenant and agtee as follows ., •
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<br />_ �� • . L Payment of Principal aad Interest;Prepaymwt aad Late C6arges. Borrower shaU promP�Y PaY when due the ;.,Y ': .�,
<br /> • p�cipal of and inte�est on d�e debt evideaced by the Note and any prepaymeat and late chargas due undar the Note. . .
<br /> ' • . Z.F�mds tor Taaes ant!Insorauce. Snbject W applicable 1aw ar to a aritten waiver by Lender,Bormwer shall pay to , • ' , ,:
<br /> , I.eadei on the day monthiS►Pal'ments are dne Emder the Note.umtil the Notc is paid in fnU.a sam("Funds'�fnr:(a)yeaaty taxes .. • � _. ,,:< �
<br /> . . and asses.sma�ts which may aaain pria�►ova this Security Iasuvme�t as a tiar an the Property;N)Y�Y Ieasehold paymeat� < '
<br /> or ground rents on the Property,if anY:(c)Yeazly t�zard or pr+opeaty msur�c�e pm,miums:(d3 YearlY ttood insurance pceauums.�f � ` . °"; .`•.
<br /> ' � a�►Y•(e)YeaxlY martgage insivance premiums.�f any;and(�anY sums PaYable by Bormwer w Lender,ia accotdance with ihe . '+�".-'�.,-
<br /> rem •.. .a,,,-..
<br /> ' . provisions of pacagraph S.m li�u af the payment of mortgage insmrance pieminms.7hese items are called "Fscrow Iteaas." . `• .-a �,. -.
<br /> L,e m d e r m a y,a i an y 6m e.collect and hatd Funds in an arnount not w exceed the maxin►um amount a leader far a federaIIy related r �. :,: �--.
<br /> ,. '`i martgage loan may re4use for Bmrowea's esaow accannt under[he fedeial Real Estate Seut�t Procedures Act o f 1 9 7 4 as ' : . �_:��-
<br /> _ . <: 1 amended fcom mne m time.12 i3S C.Section 2601 et seg. ("RFSPA'�,�mless anothea law that applirs to the Funds sets a lesser n . . _ `���
<br /> :� � '� amaunt If so.Lxa�der aiaY,ac any rime, coIlect�d hold Fuads in an amowit uot to exceed the tess�amounc Lender may _ � .,�.�-
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<br /> • • � �imate the�noaat of Funds due on the basis of cu:rent data and reasonable estimates of expendiuues of fudue Fscrow Itcros or `J_�ti
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<br /> �. ` ';j athe�+ise m ascordanc�with applicable law. . �'�
<br /> r• in an instim�on arhose d are insuced by a federal ag�cy.inslsumea�tality.or en6ty('mcludimg ``���°_
<br /> 'ihe Funds shall be keW �� , `��<�
<br /> � . I.euder,if Leadea is such an instiwtion)or in any Fetteaal Home Loan Banlc.Le,nder shaU apg l y t he Fnn d s to pay t h e H s a aw ,. . ';'�,�.;°`�,
<br /> '' . ..._.'1;�.3�v+o:
<br /> • ' Items.I.ender may not charge Borrnwer for hold'mg and applying the F�mnds.annually analycing the escaow accouut,or verifya�g
<br /> .. the Fscmw It�ns.unless Leadea pays Bosmwea inrerest on the Funds and applicable law pemiits Leudea tn malce such a charge. :;�. :.:;'T;;�`•�-
<br /> Howevea,Lead�may reqase Borrower to pay a one�ame chazge for an independeant real estatc tax reporting seavice used by ,�• ;;.. ,,�;.�;
<br /> � • ,.�.:.
<br /> .y`, . � . Lender u�coimecdon wiW this loan,ualess applicxbls law provides otheiwise.Unless an ag�eematt is made or applipble law .: :. ..F�
<br /> � � uires intraest to be d.Lender shaD not 6e reqnaed to pay�oirower�y inteaest or eamings on the Fuads.Bonowe.r and - ' : .i:,�''
<br /> Lender may agree in �'Yung,however,that interest sl�all be paid on the Funds.Lender shaIl gnve to Boaowei.without c1�2�ge,an , .'' '``�`�''
<br /> . �:.
<br /> .. � . annnai accounting of the Funds,showing credits and debits to the Funds and the purposa for wluch each debit to the Fimds was ; �,
<br />_ . � . � made.'I�e Funct�are pledged as addirional security for all snms secured by this Se�uity Insuament `�„`y`.
<br /> ' If tAe Funds held by l.endex eaceed the amounts penniued to be held by applic�ble law,L.eude,r shall accow►t to Bormwer for ��:�:''~i�
<br /> . the excess Fnnds in accordance with the requirements of applicable law.If the amoant of the Fmids held by Lender at any t'sme is �r,• : ,::;;�,
<br /> � not sufficient to pay the Escrow Items ahen due,Lender may so notify Bomower in writing,and.in such case Borrower svall pay ' . ,:��;�
<br /> w Lemder ihe amount aecessary to maice nP the deficiency. Borrower shall make up the deficiency ai rsn more tLan twelve • . : �~.�.
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<br /> . . monttilY PaYa�ents,ai I.enda's sole discretion. ,� �:,�.,,
<br /> _ . ppun payment m full of aU s�usL s:ct._*�3 by this Security Insuumenb Lender shall promptly refund to Bormwer aay Funds : - � '...�..`.,�
<br /> v, held by Le,nde�.If,und�parag�h 21,Lendca sball acquire or sell the Propetty,L�ender,prior to the acquisidon or sale of ihe . �''�
<br /> ,;r' � Propesty�shall apply any Funds hetd by I,ender at the rime of acquisitinn or sate as a cm,�c against the sums sec�ued by this m
<br /> .�s`.'
<br /> � � • �''�. Security InsOcumen� , �. ..:
<br /> 3.Appliqdon of Paymenta Unlcss applicabte law provides otherwise,all paymenta received bY Leudea'uader Dar'agraPhs
<br /> " 1 and 2 shall be applied: fusb w anY PlepaYment charges due under the Note;secaad,W amounis paya�.e und�Daragraph 2: •
<br /> ' _ � � � tlurd,w interest du�fowth,w pmicipal due:and last.to sny tate charges dua undea the Note.
<br /> ��,. 4.Charges;Ltens. Borrower shall pay aU taaes.assessments.charges, Fmcs and impositions aun'butable to the Prop�ty
<br /> ' ,� which may atiain prioriry over this Security Instrument,and Ieaseho2d payments or gound�nts.if any.Borrowea shall pay these � . �
<br /> obligations in the matuier provided in para�aph 2.or if not paid in that manner.Boirower shall pay ihem on time directly w the
<br /> � � � � yeason owed payment Sorrowea sha11 pmmpdy fumish tn Lend�all noticcs of amounts to be paid nnder this paragraph.If - . _. _ . ',
<br /> `� ;. � Boirower makes these payments directly,Soaower shaU prompdy fumish tn l.e��der receipts evidencing the payments. . ';. , .
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<br /> ' B��rower shall promptly disctrzrge any lien which has priority over this Securiry Instn�►ent imless Borrowe,r: (a)�rees in .:.'>:�� . '.
<br /> ��� writing tn the payment of the obligation sec�ed by the lien in a manner acceptable w 1.ende*:N)contests in good faith the lien • �
<br /> - : by, or defend5 ap�t cscforcement of the ti�� m. kgal proceedings which ln the L�der's op9nion operate tn prevent tite • • ,-___
<br /> enforcemerit of the lien;or(c)secures from the hotder of the lien an agreement sadsfactory to Lender subordinating the lien W • •
<br /> ' ' this Sectuiry InstrumenL If Lender dctermines that any part of the Pmperty ls subject to a lien which may attain priority ovet this . ,
<br /> .Security lnstrument,l-ender may give Bonower a notice identifying the lien.Borrower shall satisfy the lien or take one or more �•
<br /> � i of tiie acrions sct forth above within 10 days of thc giving of no6ce. . . .
<br /> � Form 8028 8/90
<br /> . � �-eR(!1E)tss�z�.o+ va9e2o�e inmai6: . . _
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