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<br /> _ '�` '[�OGEfI�R WITH all the improvements aow or herrafter erected on the pmpeity,and.��eme� 6�s,aad � '�• ,`, �```.
<br /> � . . fixwres now or hereafur a part af the propaty.All reptace,�aents and additinns shall alsa be coveaed by dus Sec�uity�ment � . • . �. .<'
<br /> • • _ All of the foiegoing is refened to in this Sec�rity Ins�t as the"Froperty° �, , '
<br /> � _ BORR0INER COVENANTS that BQirower is lawfi�Ily seised of the estate hereby conveyed and has the rig6t to grant and � " ` r r
<br /> � � . :'�� convay the Property aad that the Propert�+ is uneacumbered.except for encumbrances of ti�ecord. Sorrower wariants and a+ill � ' .
<br /> - --- ... . : defend geneaaliy the title to the Ropesry agamst all claims and demands,sabject w any eacumbrances of record. - <. ..:._.::' . . . ..
<br /> -� ,_�•—`-t- - �
<br /> � TfIIS SECURITY INSTRUIv1ENT combines unifomr wveaants for narional use and non-uniform covenants with lim�ed , . _ -.. �.
<br /> � � variations by jurisdiction tn consatute a unifoim sea�ity ujs�ument oavering real propeity. •
<br /> . ° ' UNIFORM COVENANTS.Borrower and Le�td�covenant and agree as follow� ` .. . �
<br /> ° ` 1.F�yment of Frincipaf and Intesegt:PrePaYment aud Late COarges. Boriawer s4all P�mP�Y PaY when due the �:..:�.:�:
<br /> t
<br /> , '�4 principal of�d'mterest on the debt evidericed by the Mote and any picpayment and tate c6arges due under the Note. - .,
<br /> � . . �� . :f�
<br /> : , � 2.Fands for Ta�es and Insuranc� Sublect tp applipble law or to a wriueu waiver by I�eadea,Boirower shall pay tn . `. ,
<br /> Lender on the day mont6lq Paymenis aie due andar the Notc,�mnul the Note is paid in fi�D,a sum("Funds'�fnr:(a3 Y�Y�� ' `' .�`�-=
<br /> ,' , � , .
<br /> and assessments which ma attain over this Secaui Instiument as a lien on the , �"""� �
<br /> � Y PnaritY tY P►'oP�Y @)Yearly leasehold paymeats - :�-_r,�:,�=:
<br /> �7 or ground rents on the Property,if any.(c)Yeaz1Y hardrd or properry+n�„*anCe P��(�Y�rly ilood insurance premiums,if -=.:,�.�..
<br /> . an • e eazl mo e insurance miruns.if anY;and(�any sums pa}rable by Barrower to Lendea,in accordance with the � �� , -_
<br /> Y,( )Y Y rt S a B P r e � •. �`'
<br /> provisions of paragraph 8. in lieu of the payment of mongage insurauce pm.raiurns.'Ihese i�m.s are c�ed "Esaow IUems." �. *
<br /> • Lmder may,at any mne,collect and hold Funds in an amount not w exceed the maximnm amounc a lend�for a fedeaally related . .
<br /> a im
<br /> � mo e toan ma uire for Bomnwer's emow account�mder the federal Real Estate Settte�t Prosedures Aa of 1974 as � , . . ; ..�,�~..'
<br /> .. �g Y �I 1Bt . .._;.�
<br />' � amended fram tisme tn tinme,l2 U.S.C.Sectinn 2601 et seq. ("RESPA"),unlcss anoth�law that applies w the Funds sets a less� . •:
<br /> . �='.�:���•`
<br /> amoimG 1f so,I.endea may,at any tune,callect and hotd Funds in an amount not to exceed the Iesser amoun�Leader may . .._,�,--
<br />: � estimatc the amount of Funds due on the basis of carcent dataand reasonable estimates of expendimres of fuwre Fscrow Items or �. . ;�;..�'.�.�
<br /> ' � ��' otheawise in accordance with applicable taw. �: ':�`""�
<br /> a The Funds shaU be hetd'm an ins6tution whase depos'sis are insiued by a federal agency,instnimentality,or endty(including . ., .1"Y;�.:
<br /> - . . � :� . I.ender,if Ieudea is suc6 aa instituti�an)or�any Fedezal Horae Loan Bank I.ender shaU apply the Funds to pay the Escrow * -
<br /> Items.Lender may not charge Borrower for holding and aPPh�g the Funds,annualty analyzing the escmw accotmt,or verifyicsg ��'�:
<br /> . �,,� the Fssrow Items,unle.sv Lended pays Bormw�interest on the Funds and applicable 1aw permits Leudea tn ma3ce suc6 a charge. � �
<br /> Howevex.I.ender may reqaae Borrower to pay a one-fune charge fos an ismdependent real estate t�reporting seavice nsed by _
<br /> . ' � Lendea in connection with this Ioan,unless applicable law provides othervvise.Untess an a�ean�t is made or applicable taw - ; l��
<br /> .. � requires intr�est to be p�id,i.ender shall not be requiced to pay Bnrrower any�teaest os eamings on the Funds.Boaower and , ���� :=
<br /> �`_�°:�r?'"'.
<br /> l.eader may agree in writing,however.that interest shall be paid on the Funds.L.ender shaU give to Borrower.withont charge,an , ;�
<br /> ,,� ann u a l a c c o u n ti n g o f t h e F u n d s.s h o w u m g c r e t l i t s a n d d e b i t s t o t h e F u n d s a n d t h e p u r p o s e f o r w h i c h e a c h d e b i t t o t h e F u n d s w a s •'`'��'��
<br /> '!:.'f��
<br /> `. . ..� made.'It�e Funds are pledged as additional security for all sum4 secaaed by this Security Iast�umeat �:�-;�,;,•—
<br /> If the Funds held by Lender eacced the amounts penniued to be held by applicabte law,L.ender shall accoaat to Borrower for .'���,�=
<br /> r the eaccess Funds in accordance with the rec{nuements of applicable 1aw.If the amount of the Fands held by Lender at any time is �,;=���.:_—,
<br /> :.�.� ._
<br /> � . � not sufficient to pay the Escrow Items whcn due.Lender may so notify Boaower in writing.and,in such c�se Borrower shall pay -�a?,;;�
<br /> E to Lender the amount necessary to make up the deficicnc . Borrower shall make u the deficicncy in no more than twelvc - �••��'�""°
<br /> Y P , ",��.�"?':_
<br /> monthly payments,ai Lender's sole discretion. ���,
<br /> � Upon payment in full of all sums seGUed by this Security Instrument,I.cnder shall pmmpdy refund to Borrowtx any Funds �==
<br /> .,�.:.. :
<br /> . he2d by Lcnder.If, undea paragraph 21.Lenda shall acquue or scll the Propeny,Lender,prior to the acquisition or sate of the . .' ,,° #�:".
<br /> �. Pcopecry,shall apply any Funds held by Lender at the time of acquisidon or sale as a credit aga�st the sums secured by this � ' " -�"`� �
<br /> ' � Saa�rity Jnswment� � '=��`:,
<br /> 3.Applicadon oYPayrueats. Un2ess applicabtc law provides otherwise,all payments received by Lender ander paragraphs � . .
<br /> , 1 and 2 shall be applied: first,to any pmpayment charges due under the Note;second,to amaunts pa}+able under paragraph 2; ; :<<. _ •_ :
<br /> 1 third eo interest due:fomth,co principal due;and last,w any late chargcs due under the Norc. . .. ;
<br /> � 4.Charges;Liens. Boaowcr shall pay all �es,assessments,charges,fines and imposi6ons aqnbutable to tt�rs Property " . `
<br /> , • which may attain priority ovcr this Security Instrument,and leasehotd paymcnts or ground rents,if any.Borrower shall pay these • ' . � •�
<br /> ' "� obligations in the manncr provided in paragraph 2,or if noi yaid in that manncr,Borrower shall Day them on time directly w the •
<br /> '" • person owed paymen�Borrower sAall prompUy fumish w Lendea all notices of amounts to be paid undcr this pazagraph. If ' . � ' . . . .
<br /> " Borrowcr makes thcse payments dircctly,Borrower shall promptty fumish to Lcnder rcccipts evidencing the pay�nents. , � .
<br />. ' j Borrower shall prompdy discharge any lien which has prioriry over this Sccurity Instrumcnt unless Borrower.(a)agrees ic�
<br /> ` . • � writing to the payrricnt of the obligation secured by the lien in a manner acceptable to Lender:(b)contests in good faith the lien • . �
<br /> � by, or defcnds against cnforcement of the lien in. tegal proceed'mgs which in the Lender's opinfon operate W prevent the � .. . ;
<br /> enforcement of the lien;or(c)secures from the holdcr of the lien an agrecment satisfacwry to Lender subordinating the lien to . • ,
<br /> . '� this Sec�rity Instrumen�lf Lcndcr detcm�ines that any part of the Property is subject W a licn which may attain priority over this .
<br /> _' j Securiry Instrumcnt,Lcnder may give Borrowcr a notice idenufying the licn.Barrower shall satisfy!he lien or takc one or morc •
<br /> of thc actions sct forth abovc within 10 days of thc giving of notice.
<br /> Form 3028 9�90
<br /> . � • �•eR(NE)ta2iz�.oi Pago2ois inniats: � -
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