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<br /> � � TOGE1't�R WITH all the improvemcnts now or hereaftr,r erected on the PropertY•and alt easemenis,aPPurtenances.and � - ;= . ; .%�
<br /> • , ?` : � f ixaues now ar hereatter a pan of the property.All replacemenu and additions shall aLso be cc�vc�eci by this Security Instrument --..,, { ' ., _.
<br /> ' . .�.. � All of ihe foregoing is refccrctl w in this 5c�rity InsOnimentas the"Prope.ny." . . � �: �.
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<br /> , �+ BORROWEtt COVENAN7'S tha!Bosrower is lawfully seised of the estatc hereby conveyai and has the right tn grant and� i, � �
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<br /> � - • -. i convey the Propecty and that the Property is unencumbered, except for encumbrances of rtcord. Borrower warrants and will� _,_ ` . <<_
<br /> _ , i defend generaliy the title to the Property against all claims and demaads,su��ect w any encumbrances of record. ` ' _ � .
<br /> ' " TEIIS SECURITY INSTRUIV�NT combines uniform covenanu for national �ue and non-uniform wvenants with limi� - ._
<br />- .- ° � - .. ; variations by jurisdictian to constitut�a uniform security instnuncnt covcring mal property. --- --. :-----
<br /> ` ,. � • UN�ORM COVENANTS.Borrower and Lender coveaant and agree as follows: • • , .
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<br /> � . ' 1.Paqment of Priacipal and Inte�+est;Prepayment aud Late C6arges. Bormwer shall prompdy pay when dae . . :._r
<br /> ; prinapal of and interest on the debt evidenced by the Notc and any prepayment and late charges due under the Note. _ • - . �
<br /> � � ! 2.Fuads for Taxes aad Insucance. Sub}eci tn applicabte law or to a written waiver by Leader, Borrower sha11 pay tn --.. . .`•.L '
<br />. , . ...J� :..ender on!he day monttilY paymcnts are due under the Note,antil the 1�Iote is paid in full,a sum("Funds")for.(a)Year1Y taxes .. . . ._-•.
<br /> and assessments which may attain priority over ihis Securiry Instrument as a tien on the Pmperiy;(b)Year�Y leasehold payments '��` %��:�
<br /> . � or gronnd rents on the Qroperty,if anY:(c)Yearly hayard or property+insurance premiums;(d)Year1Y ftaod ins�eance premivrus.if , : ,�,'°"...
<br /> . any;(e)Yeariy mortgage insurance premiums,if any:and(�any sums payabte by Borrower w Lender,in accordance with ihe ;�;:-m,,:�,':
<br /> - . � - ': provisions of parag�aph 8, in lieu af the payment of mortgage uuurance premin�ns.These items are called "Escmw Items.° � .,:.��`;'.°
<br /> , :! Lender may.at any time,collect and hold Funds in an amount aoc w exceed the maximum amount a lender for a federally related .s .. �t��•�.,---.;__
<br /> :j mon�age toan may require for Borrower's escrow account under the fedecal Real Estate Seulement Procedwres Ace of 1974 as •� ° '�'"�.Y._
<br /> � amended from time to tune,l2 U.S.C.Sectioa 2601 et seq. ("RFSPA"}.unless another law that apglies to the Funds sets a lesser :;._`�:� ;
<br /> � �:` :
<br /> ... � � � amounL If so. L.ender ma y.at an y time,collc;ct and hold Fands in an amount not to exceed the lesser amaunt L.ender may ' '�_':P?��'
<br />,. : _ estimate the arnauni of Funds due on the basis of cunent data and reasonabte estimatcs of expenditures of fut�re Fscrow Items or 'C �. �5
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<br /> ' othcrwise in accordancc with applicable law. --�--- �'� -
<br /> ` � � '[1ie Funds shall be held in an institution whosc d osits are insured b a federal a en instruynen t a l i or en mc lu d i n ,� • ��
<br /> eP Y S �Y, �Y, �Y�� 8 ` <,�. .�,.��:_�
<br /> • Lender, if Lender is such an instiwtion) or in aay Federal Home Loan Bank.Lender shall apply the Funds to pay the Fsc�ow '. .• "f'•'��.'._�:f°.,;;'}
<br /> � � Items.Lender may not charge Borrower for holding and applying ihe Funds,annuaRy analyzing the escrow accouaL ar ve�ifying :'}�=;,-;;�",`•��
<br /> . . " . `; the Eserow Items.unless Lender pays Horrower interest on the Funds and app&cab2e law pennits Lender to make such a charge. •. ....°r:
<br /> � However,Lender may require Borrower w pay a one-wna charge far an independeat real estate tax reporpng service used by �y .,�� SY�
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<br /> � Lender in conncxtion with this loan,unless applicable law provides othernise. Unless an agreement is made or applicab2e law •'�•'��
<br /> • . requires interest w be paid,Lender.shall not bc rcquired tn pay Borrower any interest or eamings on the Funds. Borrowet and �' jf�"�`� .��
<br /> � � L.ender may a�e ia writing.howcvcr,that interest shall be paid on the Funds.Lender shall give to Borrower,without charge,an • ' �`�-=,
<br /> arg ..�'::��-�.
<br /> annuai accountin of the Funds,showing credits and debiu to the Funds and the ose for which eacb debit w the Fands was '`x �c'
<br /> - S P�P �•.a;,z s-.
<br /> ` made.The Funds are pledged as additional security for all swns secured by this Sccurity Inslrument • �-'_,F f`�l:
<br /> " . ' If the F�snds held by l.ender cxceed the amounts peamiued to be 6eJd by applicable law,Lender shall account to Borrower for ;.:i��::_
<br /> . � the excess Funds in accordance with the r utremenu of lipble taw.If the amount of the Funds held b Lendez at any time is - ' '`�
<br /> . e9 � aPP Y '.."�=d;;:
<br /> -- � - nat suf�cient to pay the F.scrow Items whca duc,I.cndea may so norify Borrower in writing,and,in sucb case Borrower shall pay , '��.�":
<br /> • to Lender the amount nece.�sa�y to make up the deficiency. Borrower shall make up the defciency in no more than twelve �.""�:-'"°-
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<br /> ' � monthly payments,at Lender's sote discretion. � � �:?;�
<br /> Upon payatent in full of all sums secured by�his Security Inswment,Lender shall promptly refund to Borrower any Funds
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<br /> . hcld by Lender.If,andcr paragraph 21.l.ender sbaU acquue or scll thc Praperty,Lcnder,prior to ihc acqnisiuon or sale of thc ,.•.�;_
<br /> ��, Property.shall apply any Funds held by Lender at the time of acquisition ar sale as a credit against the sums sec�ued by this � ' ��'
<br /> - $'�ti�'..-
<br /> '`� �.'. � Securiry Insuuman� ' .; .'��.r: ,_
<br /> _ 3.Application of Payments. Unless applicable law provides otherwise.aA paymenu received by Lender under paragraphs - -
<br /> ` : . 1 and 2 shall be applicd: fust,to any prepayment chazgcs due undcr the Notc;sccond.to amounts payable under paragraph 2; � .' , � "+x
<br /> . �hird,to interest due:founh,to principal dae;and las�to any late charges due under the Note. ' � .�' • •
<br /> ' � • 4.Charges;Ltens. Borrawer shall pay all ta�ccs,asscssmcnts,chargcs. fincs and impositions attributablc to thc Property , . � .�
<br /> � which may attain priority ovcr this Se�urity Inswmen�and Ieasehold payment�or ground rents,if any.BorroweT shall pay these • � . ; ,
<br /> , . • obligations in thc manncr provided in parasraph 2,or if not paid in that manncr,Borrowcr shall pay thcm nn timc d'uccUy w ihc • . , _ . .
<br /> � i person owcd paymen� Borcower shall prompdy fumish to Lender all noticcs of amounts w be paid under this paragraph.lf
<br /> � '. � Borrower makes these payments direcdy.Borrower shall prompUy fumish w Lender rcxeipts evidencin�the payments. : . �
<br /> ' ; Borrower shall prompUy discharge any lien which has priority over ihis Security Inswment unless Borrower.(a)agrees in .'
<br /> writing to thc paymcnt oP thc obligation sccured by thc licn in a manncr acccptable to l.cnder.(b)contests in good faith the lien � .
<br /> . � by, or dcfends against enforcement of thc licn in, legal proccedings which in ihe Lcnder's opinion operate to prevent the ` •
<br /> � ' entorcement of the lien;or(c)secures from the holder of Ihc lien an agreement satisfactary to Lender subordinuting the lien to __ �
<br /> � this Security Insuumen�!f Lender determincs that:u�y part oF the Property is subject to�licn which may attain priority over this • � �
<br /> � Sccurity Instrumcn�Lcndcr may givc Borrowcr a nodcc idcnufying ihc licn. Borrowcr shall sausfy thc licn or talce onc or morc • � �
<br /> , of thc actions sct forth abovc within lU days of thc giving of noucc. • •
<br /> � Form 3028 9�90 .
<br /> ''�,. �•BR�NE)tsz+2�.o� Page t o�e imua�s:
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