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<br /> TOGf:THfilt W 11'H all Uic impruvcmcnts nuw on c�rcaftcr crectcd un tlic prnperty. +md idl cu,c�nrnt,. appurt�nunccti, ��nd �
<br /> fixturc+ i���w ur hrrcafirr a ��uil uf tlir pr��perty. All rrplucemcnts und �iddili��n� .h,ill ,d,n hr r��vrrc�l hy ►hiti tierurity �
<br /> Imlrumcnl. All uf the furcEuing is rcl'rrrcd li�in ihi,Scrurity h�+lm�ucnt iiy tlic "I'r��periy.' �
<br /> BORItUWfils C'OVF?NAI�Tti thut lian•uwcr iti la�vt�ully uisnl uf thr rsUitc hcrahy runvcycd wi�l I��u thc righl ln �rnnt and
<br /> ' convcy thc Property und that thc Praperty iti uncnctunhcrcd. cxrcpt fnr cncumhri�nrcti u(rcrurd. Horruwcr wnr��nnts und will —_
<br /> � d�fend generally Ih�' tille tud�c 1'n�Perly n�!uinsl nll rinints und�l�m,dl�dti. tiuhjcrl lo,iny cncumhrunrc+of rrrurd. �
<br /> t THIS SECURITY[NS'f RUMfiN'f cumbincy unifurm covcn��nt�fi�r nutiunul u�c und nun-unitin•m ravcnunts with hnuted
<br /> ' vuriutions hy juri+diction [oc��n�titute:i unifornt ticcurily instrurncnt cnvcring�r.d praperty. �"
<br /> -�"""� UNIFORM COVtiN ANTS. Borrowrr und l.�ndcr covcnant�nci ugrcc us fuUow,:
<br /> '"'""'`"� � 1. Payment of Princlpul and Intcrest: Prepa�yment nnd Lutc Churges. Burr��wcr shull prompdy pay when duc the �
<br /> , principal uf and interes�on ihe debt cvidenced by thc Note and any prcpuyment und lutc rhurgcx due under chc Nate. �
<br /> 2. Funds for T��x�v anel Insurnnce. Subject to applicablc law nr to a written wuiver by Lender, Bc�rrower shull pay ro �;-
<br /> " {� Lendcr cm thc duy monthly payments arc duc undcr thc Notc,uniil thc Notc is puid in full,u sum("Funds") far: (a)ycurly tuxes `-
<br /> . and assessments which m�y attain priority over this Security[nstmment us a lien on the Property; (b1 ycarly Ieasehold payments �:
<br /> or ground rents an the Pre�perty.if any; (c)yearly huznrd or property insurance premiums:(d)yeurly flood insurance premiums, �
<br /> � =. if any; (c)ycarly mortgagc insurnncc prcmiums, if any; and(f�any sums payablc by Barrower w Lcndcr, in uccordancc with C;
<br /> the provisions of paragraph 8. in lieu of the payment of mortgage insurance premiums, These items are called "Escrow Items." B�
<br /> � I..ender may, ut any time,collect and hold Funds in an :tmauni not to exceed the maximum amount a Iender for a federally —
<br /> related mortguge luun muy require for Barrower's escro�v account under the federal Real F.s[ate Setdement Procedures Act of �.
<br /> . 1974 as umended from tirne to time, 12 U.S.C. Section 2601 eisc�g.("RESPA"), unless another law that applies to the Funds =
<br /> se[s a Iesser umount. !f so,Lender may, at any time, collect and hald Funds in an amount not to exceed the Iesser amount. _
<br /> , � Lender may estimate the amount of Funds duc on thc basis of currcnt da[a and reasonablc estimates of expenditures of f'uture �;-_
<br /> � ` Escrow Items or otherwise in accordance with applicable law. _
<br /> The Funds shall be held in un institution whose deposits are insured by a fcderal agency, instrumentaliry, or entity -_
<br />� � (including I.ender,if Lender is such an institutian)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the
<br /> Escrow Items. Lender muy not charge Horrower ibr holding and applying the Funds,annually analyzing the escrow account, or -
<br />- " verifying the Escrow[tems,unless Lender pays Bonowe�interesi on the Funds and npplicable law permits Lender to make such —
<br /> - a charge. Howevcr, Lender may require Borrower ta pay a one-�iine chArge for an independcnt real estate tux reporting service
<br /> used by Lender in connation with this loan, unla;s applicablc Imv provides othenvise. Unless an agreement is made or
<br /> - , tiNNZii.d�"iIc ia`i% iiyiIiS'w�nu�:,::o �'Fsid, Lender`ha!! n^,h� ran■ireci to�ay Borrnwer any intcrest or earnin�s on the Funds.
<br /> Borro�ver and Lender may ubree in writing, howevcr,thut intercst shall bc paid on the Funds. Lcnder shall givc to Bonower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br />..;,: • � . �; debit to the Funds was made. Thc Funds are pled�ed us addi�ional security for all sums secured by this Sccurity Instrument.
<br />.;''.'�� ;� '�'� ' � If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account ro Borrower
<br />°-'i,�•�� for the excess fiunds in nccordance with the requirements of applicable law. If the amaunt of the Funds held by L.ender at any _
<br /> __. � .
<br />;v""�_�' time is not sufficient to a the Escrow Items when due, Lender may so notify Borrower in writing,und,in such c,use Bonower
<br /> _��,.b�„• P Y
<br />�,;.:,�.�;�;,-,� shall pay ro Lender the amount necessary to make up the deticiency. Borrower shall make up the deficiency in no more than
<br />--'•�'��` twelve monthly payrnents,at I.ender's solc discretion.
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<br />��"-�'=�'�' Upon payment in t'ull of all sums secured by this Securiiy Instrument, Lender shnll promptly refund to Borrower any
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<br /> — .�}.. Funds held by Lender.IF,under paragraph 21, Lender shall ucquire or sell the Property,Lender,prior to the acquisition or sa e
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<br /> „e.=,�.� of the Praperty,shall epply any Funds held by Lcnder at the time uf acquisition or sale us a credit against the sums secur y
<br /> --���T•-c-�� this Securiry Insmiment.
<br />�=�'��"='`�';� 3.Appllcution ot Poyments.Unless Applicable law provides otherwise,al!payments received by Lender under paragraphs -
<br /> - -==��'� I and 2 st►a11 be applicd: first,to any prepayment charges due under the Note; second. to amounts payab!e under paragraph 2;
<br /> ;-=_�y�`ys��i�� third,to interest due;fouqh, to principal due; and last,to any late charges due under the Note. _
<br /> _ � ,��� 4. ('hArn�w;i.iens_ Borrower shali pay all tuxes, assessrnents,charges, fines and impositions attributable to the Property
<br /> �:�`��� which may attain priority over this Security Instrumcnt, und lcaechold payments or ground rents, if uny. Borrowe►• shull pay
<br />-_--.=..A;�_;.� these obligations in thc nnanner provided in paragraph Z, or if na paid in that munner,Borrower shall pay them on time directly •
<br /> -- _-- to the person owed payment. Borrower shall prumptly furnish to L.ender all notices of amounts to be paid under this puragraph.
<br /> :�_„�,.p,m � If Bo�rower mak�.s these p�yrnents directly.Borrower sh�ll promptly furnish to Lender receipts evidencing the p�yments. _
<br /> _ ,;:.�� Bonower shal! p�ornptly dischnrge nny lien which hns priority over this Securiry Instrument unless Borrower:(a)agrees in _
<br /> -=�'-r�'� writing to the puyment of ihe obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br />—=�°z.�����'•� by. or defend� against enfonement of the lien in, legal proceedings which in the L.cnder's apinion operate to prevent the
<br /> - enforcement of the lien; or(c)serures from the holder of the lien an agreement satisfactory to Lender subordinating the licn to
<br /> - • • this Se:.urity Instrurnent. If L.ender determines that any part of�he Property is subject to a lien which may attain priority over
<br /> - � =•'z ., this Security Inst►urncnt. Lender may give Borrowcr a notice identifying thc lien. Borcower shall satisfy the licn or take one or
<br /> °� , more of the actions sct fonh above within (0 days of the givin�G of notice.
<br /> - Fo►m 3028 9/90
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