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<br /> TOGI:THFik W17'll idl thc impr�,vcmcnts nnw on c�rcnftcr crcctcd un thc pri�perty. and :dl catiriucnt,,uppurtennnrc�, anJ
<br /> fixtunti nuw on c�rcuftrr ,i part uf lhr properry. All rcplurcmcnt, iuiJ ndditionti shall ul+u hr ri�vrred hy this Scrurity
<br /> Instrumcnt. All ufthc fin•eguing i�rcfcrreil tu inlhi�ti�curiry Inrtruntcnt us thc "Proprrry."
<br /> IiORRUW[:!2 COVENAN7'S thut I3iirruwcr iti lawfully �eitiCd nf lhc rsR�te hcrchy cimvcy�d und h.iti d�c riFht tu�rant unJ
<br /> �un�cy thc Properry anJ thal thc Prupcity is wicncutnhcred. cxrcpt li�r cnrumbriuucs uf rcrord. lio�ruarr wnrrantti und will
<br /> dcfcnd t,cncrally the tiUc to thc Property agiiintit all rlaim,and dcmands. tiuhjcrt tu any cncumhr,mrc�of recurd.
<br /> ' "� TH1S SECURITY INSTRUMBNT rumhincs uniti,rm ruvcmmt. litt natiimul usc und nun•unifi�nn rovenunts wiih IimitcJ '
<br /> variutions by juri,diction to constitute a uniform security instrumen[covering real prc�perty.
<br /> UN(FORM COVENANTS. Borri�wcr and l.cndcr covcnant und agrec ar follows:
<br /> I. Puyment of Principnl and Interest; Prepnyment and l,ate ChAr�;es. Borrowcr shall prc�mpUy pay whcn duc thc '
<br /> , prinripal nf und interest on thc de.bt cvidenceci by the Note und any prcpayment und latc charges due undcr the Notc. •�:?�v�`_`.'
<br /> „ 2. Funds f��r'taxes and Insurance. Subject to applicable law or to a written waiver by Lcnder, Borrower shaU pay to :�,�r.�'�`
<br /> Lcndcr on the duy monthly puyments arc duc under the Notc, until thc Notc iti paid in fuU,a sum("Funds")for.(a)ye:irly taxes ;F``=�
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<br /> �• and assessments which may attain prioriry over this Securiry Instrument as a licn on thc Property; (b)yearly Ieacehold paymcnts �=�:;;;-=-
<br /> b P Y Y Y Y P P Y P Y Y p r�' :--
<br /> or round rents on the Pro ert . if an ;(c) earl hazard or ro ert insurance remiums; (d} ea�l flood insurance reniiums, .. .r�.-�
<br /> �� if any; (e)yearly mortgnge insurance prerniums,if any; und (f� any sums payable by Borrower to 1.ender,in accordance with ,��_='
<br /> the provisions of para�nph 8, in lieu of the payment of mortgage insurance premiums. These items are calleci "Escrow Items."
<br /> �` Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a tender for n federaUy �-'r'
<br /> s�..� related rnortguge loun may require for Borrower's escrow uccount under the federal Reul Estate Setdenunt Procedures Act of �'���,�,...,
<br /> i 1974 as umended from timc to timc, 12 U.S.C.Sec[ion 2601 cr seq. ("RESPA"), unless anothcr law thAt applies to the Funds ,L:__r=-
<br /> �;� sets a lesser amount. If so, L.ender muy, at any time, collect and hold Funds in an amount not to exceed the Iesser amount. ;��;,�„��,_.w:.
<br /> , �'`�' Lender may estimate the amount of Funds duc on the basis of current datu nnd reasonablc estimates of expenditures of future � .��af,����
<br /> ' °r"•� Escrow Items ar otherwise in accordunce with a I' b .
<br /> PP ica le law. :,:+�;�;'."
<br /> t:�?� The Funds shuU be lield in an institution whose depocics Are insured by a fecieral agency, instrumentality, or entiry �"���� �
<br /> ; (including Lender,if L.ender is such un institution) or in any Fecleral Home Loan Bank. L.endcr shall apply ihe Funds to pny the
<br /> Eserow Items.Lender may not charge Horrower k>r holding and applyin�the Funds,unnually analyzing the escrow account, c►r
<br /> verifying the Escraw Items, unless Lendcr pays Borrower interest on the Funds and applicablc law permits I.ender to make such ��'
<br /> a charee. Howcver. L.ender may reauiee Borrower t�i pny a�nr-timr�•hn�or fnr�r�lP.�C�P.�ent r,.s!�s:s:�:a: s��r:i^g ser.�ice �'`�
<br /> _ _ used by Lender in connection with this laan, unless applicnble luw provides otherwisa Unless un agreement is mude or `-
<br /> applicablc law rcquires intereu to hc paid, Ltnder shall not bc requircd to pAy 8ormwer any intcrest or earnings on the Funds. -
<br />,_ , � Borrowcr nnd l.endcr muy ugrce in writing,howcvcr, that intcrest tihall bc paid an thc Fundti. l,endcr shull givc to Borrowcr, _°
<br />=�r' ' without churge, un�mnual uccuunting of thc Funds, showing crcdits und dcbits to thc Funds und thc purposc for which cuch '
<br />- dcbit tu the Funds wns made. The Funds arc pledged as�dditionul sccurity for all sums securcci by this Security Instrumcnt. -_
<br /> : ��-..,; ` (f the Funds held by l..endcr exccul thc nmounts permitted to bc hcld by applirable Inw, L.cnder shall account to Borrower
<br /> - ''�'=��`� for the excess Funds in nccordnnce with thc requirements of upplicable luw. If the nmoum of the Funds held by Lender at any -
<br />,;. "�`'�"�'� timc is not sufficient tn pay thc Escrow Items whcn due, Lcnder may so notify Barrower in writing,and, in such case Borrower �
<br /> .r�:4';;�;,, shall pay to Lcndcr thc amount neccssary to make up thc dcficiency. Borrower shall makc up the deficiency in no more than =
<br />: -g .,:�:z, twclvc monthly paymcnts,at Lendcr's sole discrc�ion. __
<br />�:-��-., ---
<br /> ��.-_.' Upon payment in full of all sums secured by this Sccurity Instrument, I.cndcr shall prompNy refund to Borrower any =-
<br /> -`"�'"''�'�� Fun ds he l d by L en der. I f,un der paragrAp h 2 l, L en dcr s hall acquirc or sell the Praperty, Lender,prior to the acquisition or sale r.:
<br /> "'`-��'� of the Pro rt shall a I an Funds held b I.cnder at the time of ac uisition or sale as a credit against the sums secured by [.''-
<br /> =�,:.��°.� P� Y• • pP Y Y Y q
<br />_ -:,�;:� this Security Instrument. � _
<br /> =�`�;�;"— 3.Appllcatton of Pnyments.Unless appl icable law provides otherwise,all puymcnts rcccived by l.endcr under paragraphs �"=--
<br /> �'-'" I and 2 shall be applied: first, to nny prepayment charges dt�e under the Note; second,to amounts payable under pnragraph 2; �,;�. ---
<br /> ..,.,...�,,;., third,to intcrest due; fourth, to principal duc:ai�d last,tu any lat�charges due under the Note. �__ °-
<br /> --��'� 4. Cha es; Lfens. Borrower shAll a �II taxes, assessments, charges, fines and impositions attributable to the Property
<br /> :.�•a��,_ 1'fi P Y --
<br /> ____-- — which may attain priority over this Securiry Instrument, and leasehold pAyments or ground rents, if any.Borrower shall pay � ��
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<br />._.-5,.,,�,:=��N these obligations in the manner provided in paragruph Z,or if not paid in that manner, Bonower shall pay th;.m on time directly �`:"_
<br /> _=_==�c• ro the person owed payment. Borrowcr shull promptly furnish to Lender all notices of amounts to be paid under this paragraph. �`'
<br /> ' If Borrower makes these payments directly,Bortower shall promptly furnish to L.ender receipts evidencin�the payments. ~
<br /> �__�•;'�•�'"� Borrower shall rom tl dischar e an hen which ttas riorit over this Securit Instrument unless Borzower. (a)agrees in
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<br /> -::•-�;�:: :: P P Y � Y � P � Y Y
<br /> • •',»�.: �vriting to the payment of the obligation secured by the lien in a manner acceptable to C.ender; (b)contests in good faith the lien '
<br /> , '. '° by, ar dtfcnds a�uinst cnforccment of the licn in, Iegal proccedings which in the Lender's o�inion operate to prevent the —
<br />�:s�••, � -- enforcement of the lien;or(c)secures from the holdcr of the licn an agreement satisfactor�tu Lcndcr subnrdinating thc licn to �
<br />: '� this Scruriry Instrument. If L.ender determincs that any pan of thc Praperty is subject to a lien which may attain priority ovcr , .���:_:._.___.
<br /> this Security Instrument. Lender muy give Borcower a notice identifying the lien. Borrower shall sutisfy the lien or take one or �:-�=-
<br />_ ; morc of thc actions set forth ubove withiu 10 days of the giving of notice. ''���_=-:�:
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<br /> Form 3028 9/90 =-r�,�_,--
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