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<br /> � � . �� �+ ���' ��r�'��� �`�t , ��:�
<br /> . . . ;�i 'POGfiTF�RR WfTH aIl the bmprovements now or hereaftra�rected on the pmpaty,and all easeme�us.aPParteaances,and . .f < <
<br /> � � fixoucs aow or h�a pazt of the praperty.AU replaxments and additions shall also be wvued by this Security L�uuieat ` �
<br /> : � All of the foregoing is refeai�ed tn in tLis Se�anrity Instrument a4 the"Propeaty." • "
<br />_ � ..�:� SORROWER COVENANI�t6at Baaowcr is Iawfully seised of the estate hereby oonveyed and ha4 the right tn�ant and . .
<br /> • . .-. convey the Praperty and that the Property is unencnmbued,except for enaunbrances of record. Boaower waaants and wifi � '' .`� �
<br /> ,-- - �'� defend geaetally the tide w the Pmpeity against all ctaims and dernands,subjeq.tn any encammb:ances of recozd. f ' _. `,
<br /> -- -- - THIS SF.CIJR17'Y INS74tUMElu'f combines�nifoim coveaant�for rratioval use and non-miiform wv�ants wit�iimit�ed � --. - -
<br /> . variations by 2urisdiction to wnstimte a unifarm seciuity inshumcai covermg reai prape�ty. _
<br /> � ` [JN�RM COVENAIVIS.Borrower and Lender covenant and agree as follow� .. .
<br />- ` L Peyment af Priaapal aad Interesh,Prepaya�ent aad Late Charges. Bonower shall DromP�Y PaY when due the .i. .. .
<br />-',. ,. . ' princigal of�d mt�rest on the d�t evidenced by the Noie and any pmpayme�t and taie c6arges due�mder the Note.
<br /> m ar •°
<br /> _ 2.F�nds for Taues aad Insarance. Subject ro applicable law or to a wriitea waiver by Lendea,Bomuwer shall PaY tu �.. ��,.'��
<br /> ;.�., ,
<br /> ,f ; . Le,nder oa the day monthly PaYn'zeuts are dae aade�the Note,unti!the Note is paid'm fi�ll,a sau►("Faads'�for.(a)yearly taxes . • ,: •-°"�
<br /> . � and assessmeats which may anain priority over this Saauit}r Instrameut as a lien on the PropPrty;(b3 Y�Y Ieasehold payments '
<br /> _ • _ or gro�d r+eats on the ProPertY,if anY:(c)Yearly ha7ard or PmP�Y insutance ptemiums;(�Yearly flaod'msm�ce premiutns,if • = ' r-r•�
<br /> • �y;(e)Y�jY�0�88 insar�ce premi„m..,� if any,and(�any smns payable by Borrower w Leader,in accordance arith the , ,�.':.,:.- _.,r, .
<br /> provisians of paragraph 8. in&eu of the payment of mortgage msmance premiums.7liese items are plled"Fscmw Items." . " �.`��.:
<br /> '�� � � ' '� � L.endea may,at any time,wIiect and hoId F�mds m an amount aot to eaceed the maximnm amoimt a le�der for a federaUy related ,
<br /> `- � mnrt�ge Ioaa ma . ,
<br /> • f y teyuire for Bnrmwea's esQOw acxount under the federal Re:il Estate Settiement Procedarcg Act of 1974 as
<br /> 9�� ,.:; ameaded from time to 6me,12 U.S.C.Secrion 2601 et seq. ("RFSPA'7,unless another law that applies to the Fnnds seB a lessear � -`
<br />_ . : : �L 1f so.Lender may.at�y t�.coUect and hold Funds in an amaunt not to exceed the fess�amount Leuder may ::�;.� �;�_'
<br /> : . • ����; estimate We amn�t of Fuads due on the ba4is of c�rrent daza artd reasonabie esdmates of expenditur�s of futiu+e Escmw Items or ' . -
<br />:;;: ;� othenvise in accandance cvith applicabie law. �rt,.�,�,._=
<br /> `. . 'Il�e Funds s3�a�l be hetd'm an insuuuion whose d . `�: . .��7i`
<br /> '.; , , � ns' eposiLs are insured by a fede=al ageacy,instrameatality.or entity(includ'mg .,�';�:��
<br /> • Leader,if Ixnder is such an insa�o�tion)or in any Fedeaal Home I.oan Bank.I.�dea shall apply ihe F�mds to pay the Fscrow �� �,,: '�;='•�,:
<br /> , 1
<br /> :'_� ..<.�,ti;�• : Nems.Lender may not charge Barrower for holding and aPPlquig 1he Fm�ds.�naaUy anatyang the essrow acconnt,or veaitying "` :�.._
<br /> •- the Fscmw Items,nnless Leadea pays Bormwer interest on the Funds and applicable law peamits Lendea to make suc6 a c6arge. � "•°�.':-----
<br /> �`�'• � . � However,Le�der ma • .--
<br /> : Y�luire Borrower tn pay a oa�time charge f�an independent real estate taz reportiag service used 6y `..`�;:--
<br /> ;':i ' � I�ender m canneaion with thig lnan.anless i�cab2e Iaw mvides otheiwise.Uniess au a applic�ble law , . .,,`;,:=�_:
<br /> ' . �i $PP� P gteement is made or '�.•_ -
<br /> � °? zequ3es�t�,st to be paid,Leade.r sdall noi be reqnIIed to gay Borrow�any inteaest or earaings on the Funds.B�rower aad - ' �:�
<br /> •j. Lwder maY agmz in writing.6owever,that int�est shaU be�3 on the Funds.Lended shall give to Borsowea.withont chazge,� �� �=�..�:_,.
<br /> , . � ' annual accounting of the Fands.showmg cxedtts and debits so the Fnads aad the p�upose for which each debit tn the Funds was . :.,����'
<br /> , • �� made.T6e Funds�pledged av addi6onal security for all sums seaffed by this Secw�ity Ins�umenL ,, , '';,�',��
<br /> � If the Fnnds h�7d Is Lenda exceed ihe amounls ermitted w be heId b `-�=
<br /> Y P Y$PPlicable law.I.endea s6all account tn Bcamnwef far - ;
<br /> II+0
<br /> the excess Funds in accordance w�h the reqoirements of applicab2e 1aw.If the amonnt af We Funds heW by Leaides at�y timF is . ,... " �-:`.�-
<br /> , • �. . not sufficient tn pay the Esc�nw I�mv when due,I.enda may so notify Somuwer�writmg,and,in such case Borrower shall pay .. . . -"�
<br /> °• , . � to Ixa�dc�the amount necessary to make up the defciency. Borrower shall make Up the deficiency m no more than twelve i •_��_'
<br />;t.:: mon at Lende,r's so2e discre�on. � . �,.� ,�`
<br /> . , �Y PaYments, .. �_
<br /> Upon payment in faU of all sums secured by this Security Insuument,L.ender shaU pmmpdy refund to Bonowea any Funds • •��-'__
<br /> "� •: � '• heId by Leacder.If,under paiagraph 21.Lender shall acquire or seU the Pmp�ty,I.ender,prior to the ac,�uisi6on or sate of the . - - ^�`
<br /> . Propeaty,shall appIy any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by ihis ' . ,.""��T
<br />.r. � SeGUitylnsWment . ' "
<br /> � . • . �• 3.Application ot Yayment9. Unless applicable law provides othcra+ise,aU payments received by Lender andear parag�aphs ••
<br /> - i and 2 shaU be a��eG:fust,w any Pre,Payment charges due under the hote;second,tn amounts payable under patagraph 2;
<br /> third.tn interest dae;fourth.to Drirtcipa!dae:and las�ta any late charges dae under the Nate. � ' .
<br /> 4.Charges;Liens. Borrower sha11 pay all ta�ces,asses�nents.charges, fines and impositions amn'butable to ths Ptoperty .
<br /> . � whicA may at�prioriry over this Security Instrument,and leasehold payments or ground rents.if any.Bmrower shall pay these � . �"
<br /> • , obligations in the marmer provided in paragaph 2.or if not paid in that ananner.Bonower shaU pay them on time directiy to the
<br /> � ; person owed paymen� Borrower shall promptly fumish w Lender all nodces of amounts w be paid aader this para�raph. If '
<br /> • . ' , � �onower malces these payments direcUy.Hoaowc�shall promptly flunish to Lender receipts evidencing the paymencv. � ' . . .
<br /> ' f Borrower shall prompily discharge any Uen which has priority over this Security Instrument unless Boirower.(a}�rees in � �
<br /> �::,..� . � writing to the payment of the obligation secured by the lien in a manner acceptabte to Lender,(b)contests in good faith the lien � �
<br /> � by, or defends against enforcement of the licn in. legal praceedings ahich in the Lender's opinion operate w prevent the �
<br /> • enforcement of the 1ien;or(c)secures from the hotder of the lien an agreement satisfactory w Lender subordinating the lien to
<br /> .�. this Security Instrs:cient,If Lender determincs�at any part of the Propeny is subjece[o a lien which may attain priority over this
<br /> Secwity Insuument,L¢nder may give Borrower a nodce identifying the lien.Boaower shall satisfy the licn or take one or more � � '
<br /> of the actions set forth above within IO days of the giving of notice. . '
<br /> ' • Fotm 90?a9/90 �
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