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<br /> � . , � 'POGETHER W1TIi all the impmvements now or herrafter�on t6e propeny.and all easemeats.aPPurtenances•nnd . ' ` _� : .
<br /> . . .� ° fncaaes now or�a past of the propeity.All teplacements and additions shaI!also be covered by this Secruity Insuument < < -
<br /> �� � Ail of the faregoing is referred w in this Secarity Inst�umeat ag the"Pmpeaty." . . ,
<br /> " BORROWFR COVENAN'IS that Borrower is lawfnlly seised of the estaze hereby wnveyed and das the right to�ar►t and , �.. . ; . `. .
<br /> . ' � • convey the Propeity and that the Property is unencumbered,eucept for enaunbrances of record.Borrow�aananLs and an'll _ - - . ;
<br /> ��-- -.-�-`-�`_- ,,,
<br /> � � ` defemd geneiatty the atte w the Propeay against all ciauas and demands,subject m any encumbrances of record. � , ' • .
<br /> ' TMS SECLJRTI'Y INS"I1tIJNIENT combmes un'sform wveuants for national use aad non-miiform covenants with limitetl ,`
<br /> • variadons hy j�aisdiction to wasa.wte a unifarm seauitS'msuumwt wvering zeal propaty. . �, ,
<br /> ' • UNIIfORM COVENANfS.Bmmwea and L,e�der cove�snt and agree as follows .4,. . ---
<br /> L Fayment of Prtadpal and Interes�PrePayment and Late Chasgea Boaower sha13 P��PUY PaY whea due dse • , • - _
<br /> ` • . •`, principa}of and inte�est an the deht evidenced by the Note and any prepaymeat and late cLarges dne�mder the Note. ._ ,`s,'��;;�
<br /> t�.Fundg for Taxes and Insuranoe. Subject tn appiicable 1aw ar to a writteu waiv�by Leader,Bosmwer sLall pay to :�^'4:��,
<br /> ' � L,e�der on the day montWY Pal+ments are dne nnder the Note,unnl the Noie is paid in fWl,a sum("Funds'�for.(a)Yearty taxes �. . __---
<br /> .. • and assessments which may auain priorsiy over this S�arity Instrumeat as a fieu on t he�o p a t y.(b)Y e a r 1 Y leatehold P a Y me�s -�..
<br /> , or gcound zeats on the Prope�ty,if any;(c)YeaziY h�aM or PmPertY insu�ce premiums:(�Yea�y+IIood'msur�nce premi�uns.if . . :.' -
<br /> , , � (-�-; �Y:(e)Y�Y mo�gage iasurance premiums.if any;and(�anY sums P�S+��hS+Bona�wer to L,end�,ia accurdance wab the -
<br /> . - . provisions of parag�apb 8,in liw of the payment of mortgage ms�ance premioms.lhese itr�s ffie called"F�cow Ite�s." _ , �
<br /> Lee�der may.at any arae.collect and ho2d Funds in aa amotmt not ro eaceed the ma�cimura amonnt a Iender for a fedeaa]Iy retated J
<br /> . �� mortgage loan may requ've for Borrower's escrow accam�t anda the federal Real Fstate Satle,ment Proced�ues Act of 1974 as _ �_�-
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<br /> � ame�ded fmm wne w time,l2 U.S.C.Sedion 2601 et seq. ("RESPA"),untess anathea law that appl�es to Uce Funds sets a lesse�r _. � ._�-�--
<br />- amount If so, Lendea may,at any tnne,collect and hold Fands in an amount not to eaceed the fessec amoimL I.ende,r may � % .�•.�+�
<br /> estrtnate the amount of Fuads d�e on the basis of cutrent data�il masonabte estimates of expe�dinues of fuUue Escrow Itans or � <',: ;'` '�°.-�..:..
<br /> - . � otherwise in accozdance with applicable law. _� �.. ���''.�',..�}
<br /> mciadin ,4-.�"'"'�
<br /> - 'i�e Funds shall be held in an institutinn whose deposits are iasured by a federat agency.u�ume�tit�►,or enrity C g , ��`, ,,,�i
<br /> • , Lender,if Laide,r i�such an ins�tion}ar in aay Federal Home Ioau B�k.Lender shall apply the Funds to Day the Escmw •..:;�,;��
<br /> Items.I.e.rider may aoi charge Boimwa for hold'mg and applying the Funds.annually analydng the escmw acc�ount,or verifyiag :. .,;,µ.,�;,;, �
<br /> e
<br /> � the F.s�ow Itee�s,untess I�ender pays Honowea iat�arest on the fimds and applicable 1aw pamits Lender to make such a edarge. ," ,``• „���•�
<br />� � However,Le,uder may req�ire Boimwer w pay a on�time ct�arge for an mdepeadeat mal esmre ta�c repnrtnng scavice ased by - ::i�;.-��
<br /> . �ess applicable taw provides othcswise.Uniess an aagceement is made or applieable law� .. . 4��,��^=-:,..
<br /> � Lender�coanecdon with tLis toan, eem :�`
<br /> reqaaes intecest w 6e pa�d,I.end�shall not be recluired to PaY Borrow�any inteaest or eamings on the Fands.Boirower and � 1. . .rt,�'^=:,
<br /> I.eader may agnee in wriang,however,that interest shall be paid on the Funds.Lender shall give tn Bormwer,whhout charge,an , .�`.' ':�,',�,�`
<br /> •%=.'a� -.,��T
<br /> . annual accounting of the Funds,showiag creditv and debits w the Fnnds and t6e p�pose for which each debit to the Fimds was . .;,,�� , LL.,:�-
<br /> .� ` . ` made.'Ihe Funds are pledged as additional sec�uity for aIl snms secared by this Secauity IustNmea�t . :.`..,��,..
<br /> If the Funds heid by Leader eacceed ihe amounts peimitted to be hetd by spplicable law,Lender shall account tn Borrower for .:�7;-�,_
<br /> � � � the excess Funds in accardu►ce with the recluirements of appllcabte law.If the amount of the Funds held by Lemde,r ai any time is <:;-f:,:-_,
<br /> . ;1 not su�cient to pay the Fscrow Items when due.Lender may so notify Borrower in writing.and.in such case Bmrower shall pay • ,' :�=°,�`:::
<br /> - -•--i tn Lender rhe amoant nece.ssary to make up the deficiency. Borrower shall make up the deficiency in no more than twelve . ��`_`
<br /> _� . . :., monthly payment��at Lend�'s so2e discredon. , . , ` '�i..
<br /> . . , UPon PaYment in full of all svmc secured by this Security Instrument,Lender shall promptly refund to Borrower any Funds � �"
<br /> b 21,Lender shall acquire or sell the Proyeaty,Lender,prior w the acq�tion ar sale of the • � � - .`'` ,���'.
<br /> � � , held by Lender.If.under pa�agrap
<br /> � � Pmperry,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secaued by this , -
<br /> •� Securiry Inshumen� . �� �;`%-
<br /> � 3.AppUcation ot peymenfa Untess applicable taw pmvides othecvvise.a11 payments received by Lender under paza�hs
<br /> � 1 and 2 shall be�plied: first,to any prepayment charges due under the Note;second,to amonnts payable under paragraph 2; . . .
<br /> ' � third,w interest due;fo�th,w principal due;and 1ast,to sny late charges due undea the Notc. . -.
<br /> � 4.C6arges;Liens. Bonower shall pay all taaes,asscssment�,charges, fines and impositions awibutable to the Propeny ' _.
<br /> � � whicfi may ausin priorlry over this Security Inswment,and leasehold payments or ground rents,if any.Borrow�shall yaY these � ;,. . ,
<br /> '.' . obligations in the manner provided ln paragraph 2.or if not paid in that mannea.Borrower shall pay them on time directly to the � •
<br /> � • person owed payment Sorrower shall promDtly fumish co Lender all notices of amounts w be paid unda this Dara�aph.If • . . •�., .
<br /> Borrower makes thcse payments d'uectty,Borrowcr sha11 promptly fumish to Lender recelpts evidencIng the payments.
<br /> � Borrower shall promptly discharge any lien whicb has priority ovcr this Security Insuument unless Bomower.(a)agrees in � �
<br /> ' � writing to the payment of the obligation secured by the lien in a manner acceptabte w Lender:@)contests in good faith the lien .. •
<br /> ;,,.. � , by, or defends ap,ainst enforcement of the lien in,tegal proceedings which in the Lender's opinion operate tfl Drever►t the . �
<br /> � enforcement of the tien;or(c)sccures from the holder of the liea�an agreement satisfactory w Lender su6ordinamog the lien to
<br /> '� this Security lnswment It Lender detennines that any patt of the Property ic sub}ect to a lien which may attain prioriry over lhis . �
<br /> • Sec�uity lnstrument,L.ender may give Borrower a nodcc identifying the lien.Borrower shall satisfy the lien or take one or more . •
<br /> � • of the acdons set forth above within 10 days of the giving of notice. ..
<br /> Far.:s 3020 9/90 �
<br /> . �•8R(NE)IS2�zt.a� vaaozo�e inniais: � . �
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