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<br />_ . . 7�OGETI�R WITH afl the impmv�teau now or hereaftcr e�ected on the pmperty,and all easements,aPPucteaances.and � � .." .
<br /> _ . , ' F fiatures now or hereafter a part of the pmpeny.All replacemeats and addirinns shaII also be covered by this Secu�ity r��a„m n � . . , .
<br /> " ' � Ali of the foregoing i�referred tn um this Security Instrument as the"Propecty." - ;
<br /> �. " ' - BORROWER COYIIVAN'I'S that Borrower is lacvfiilly seised of the estare hereby conveyed aud t�as thc right to grant attd `k � r,- � .` �
<br /> ' -• wnvey the Propecty and Wat the Property ic unencmubered,except far enc�mbrances of record.Bomnvrer wairants and wiU 1• .. ��... -
<br /> ::- - - _ - d e f e a d g e n e x a l t y t h e ri d e t o t h e P r o p e r t y a g a m s t all claims and dem�ds,sub i e c t ta au y eacumMaaces of record E. �'�. ,- --
<br /> ``' . TI�IIS SECt3RITY INSTRUNNIENT wmbines rmiform coveaanu for national use aad non-unifomi covenants with limitcd €- - -
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<br /> variations by�isdiction to cansriwtc a mtiform security ias�ument covering reai propecty. �•� " '
<br /> .t,- '. � UNII�ORM COVENANfS.Bor�awer and Leader covenant and agree as follows: � c.:.�s� `.�
<br /> `` . L Payment of Frimcipal and Interest:PrePayraent and Late Chargea. Borrowear shall promPUY PaY when due the .. ,- �
<br /> _:� ' � . principal of and intraest on the debt evideuced by the Note and any prepaymeat and late charges due uuder the Note. � °�:.,, .
<br /> �; ' E.Fands tor Taaes and Instvanc� Subject w applicable law or w a writtcn waiver by Lender, Bormwer shall pay to . . -
<br /> :i � , ,� Lend�on the day monthty paym�ts are dae undez the Nore,unti!the Note is paid in full,a sum(°Fcmds")far:(a)Y�Y�� ° : "`'�.
<br /> - � � ` and asses�neuts which may anain�iority over this Security Iuswment as a lien on the ProP�Y:(b)Y�Y leasehold paytnents . `
<br /> •j; . , �f-' or ground rents on the Property,if�Y.��)Y�Y h2rard or propetty mstuance gtemiums;(�Y�r1Y tIood ir�svtartcc ptemiva�s,if �.. . : _ ';:.=�
<br /> �` � � any;(e)Y�Y��SaSe�s�ance Premiums,if any.�d(�anY s�ms payabte by Borrower tn Lender,ia accordartce with the ;
<br /> �;; . �� provisions of parap�apb 8.in tieu of the payatent of mortgage insurance ptemiums.These items are called "Fscrow Itetns.° E ...`�� �..
<br />' t_ . ` � Lendsr may,ai any mne,collect and hold Funds in an amomit not w exceed the maximum amount a tender for a fede�ally related E � ;__
<br /> -;<, mortgage toan may require for Borrowet's escrow acxowtt under the fedeaai Real Estate Settlement Proc�d�res Act of 1974 as �•,.. �•T.,
<br /> �; �� amemded firom�ime to time,l2 US.C.Secxion 2601 et seq. ("RFSPA").unless aaother taw that applies tn the Funds sets a lesser . ?:�
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<br />•.! . amount If so,Lender may,at any time,co1le�t and hold Funds in an amnunt not to exceed the tess�amflaoat Leadc�may . _-_-
<br /> esdmate the amount of Funds due on the basis of cxurent data and reasonable esmrnates of expeudiwres of fudtte Escrow Items ar � y—
<br /> ,, . =,�. uren �;-
<br /> ;; othesa�rise in aocordance with applirahle law. ► ' .
<br /> � ...� '[�e Funds shall be held"m aa instiwdon whose deposits are insured by a fedeaal agency,instnrmeatality.or eatity(�cluding ' '. ' i i�� - -.
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<br /> .,: L�der,if I.euder is such an iasiitution}or in any Federal Home L�an B�Ic.I.e.nder shalt applY the Faads to pay the Escrow . , •}:��-_
<br /> ?'. 7 Items.Leaider ma not charge Boiiower for holding and apptyin8 d►e Funds.armually analyzing the esaow accoant,or verify�g �� '• ; „"
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<br /> �::; . . the Esccow Iteans.unless Lender pays Bormwer interest on We Funds and applicabte law permits Lender to make sach a charge. ` '�`. ;`
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<br /> However,T.ender may reguire Borrowe�to pay a an�time charge for an independent real estate tax reporting service used by , �j•`;�
<br /> I.end�in connection with this tean,anIess applicabte law provides othernrise.Unle�an agreement is made or applicable 1aw •'Y�5""��
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<br /> . requires interest w be paid I.ender shall not be required w pay Borrower any interest or eamings on the Fnnds.Borrower and ; • �y;r<�,
<br /> Lender may agree in writing,however,that interest sha11 be paid on the Funds.Lendea shall give to Borrowea,without charge,an . ''.��:r:
<br /> . . annuai accaunting of ihe Fund4,showing credits and de@:LS W the Funds and ihe purpose for which each debit to the Funds was �=l'=-
<br /> made.71te Funds aze piedged as addi6onal security for all s�nns secured by this Sec�uiry In.stnunent }L ;
<br /> . . �' If the Fuads hetd by Lender eaceed the amounts pe�miued to be h8ld by applicab2e taw,Leader shall account w Bormwer for _ ... �-
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<br /> � the eacess Funds in accordance with the requirements of applicable taw.If the amoant of the Funds held by Lender at any time is `,,�:�.:
<br /> . not sufficient to pay the Fscrow Items when due,Leader may so notify Borrower�writimg,and,in such case Borrower shatl pay ���;;;:
<br />-=���, to Lender the amount necessary su make up the deficiency. Borrower shall make up the deflciency in no more than tweIve • ,,� ��`=
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<br />._. „ monthly payments.at Lender's sole discre6on. - � .. � :_
<br /> � � Upon payment in full of all sums secured by this Security Inswment,Lender shaU promptly refund to Borrowcx any Funds . _
<br /> `�jhetd by Lea�der.If,under paragraph 21.Lender shall acqaire or sell the Property,Lender,prior to the acqnisition or sale of the _ ; . �°�.
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<br /> Property,shall apply any Funds held by Lender at the prae of acquisition or sale�a credit against the sums secured by this
<br /> '�•.`;.` � � ! SecuriryMsuument .
<br /> •�:':.;. . . � 3.Appl�cation of Payments. Unless applicable law provides atherarise,all payments received by Lcnder under paragraphs •
<br /> r 1 and 2 shall be applied:fust,w any prepayment charges due nnder the Note;second,t,o amounis payabte under paragraph 2; .
<br /> l third,w interest due:fouN�,to principal dae;and last,w any late charges due under the Note.
<br /> . .1 4.Cbarges;Liens. Borrower shall pay all ta�ces.assessments,charges.fines and impositions attributable w the Property . . .
<br /> `'�f;�" . � ' which may auain priority over this Security Instrument,and leaSehold payments or ground rents,if any.Borrower shaU pay these _ , . '
<br /> ;� ��,� � - � obligaUOns in the manner provided in paragraph 2,or if not paid in that manner.Boaower shall Qay thcm on time directly to the _ •'
<br /> ' person owed payment. Borrower shall promptly famish W Lender all no6ces of amounts to be paid under this paragraph. If . `
<br /> - � Bonower makes these payments direcdy,Borrower shall prompdy Pumish w Lcnder receipts evidencing the payments. . • ..
<br /> `�•'� Borrower shall prompdy dischargc any lien which has priority over this Security Instrumcnt untess Sorrower:(a)agrees in • •_
<br /> ' writu�g to the payment of ihe obligation secured by the IIen in a manner acceptable to Lendet;(b)contests in gaod faith the lien � .
<br /> ' by, or defends against cnforcement of thc licn in, legal proceedings which in the Lendcr's opinion operate w prevcnt the • � ;
<br /> �� ' enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien w
<br /> this Security Insuument.If Lender detcrmincs that any part of the Property is subjcct tn a lien which may auain priority over this
<br /> Security Inswment,Lender may givc Borrower a nouce identifying thc licn.Borrowcr shall sadsfy the lien or take one or more
<br /> ', of the actions set forth abovc within 10 days of the giving of noricc. � .
<br /> , Form 3028 9/90 .
<br /> �� ' �-BA(NE)�sz�21.o+ vagezo�e inivaia:
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