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<br /> � now or h�e�cted on the propeitY.and all easaneuts,aPPuQ'oenaa�s.and . , `
<br />- � TOGEPl�R W1T[� aU the unysmvemeais , `°
<br /> , � fAwres now or he�eaftea a part of We pro�eicY.All rePlacemeats and additions sLai1 aLso be cavered by this Sec�rity Instrum�t. . .F � ,� ,`
<br /> � � � All of the foregoing is ret�red tn iu this Se�uitY Ia�eat as tt�e"PropeatY•° ' . ,. •�'�,
<br /> ` � BORROWER COVFNANfS that Boimwear is tawfu]IY seised af the estatc he�eby comreyed and has the rigt►t.to grant and� -
<br /> - . ' :-� convey the Ficoperty and that the Pmperty is unencambeced.except for emcambsances of record. Borrowea watrants and w�71� • :
<br /> • ,� '�"`� the tidle w the ProPertY aSamst all ciaims and demands.subject tn any eacumbrances of re�ord. .,_ _
<br /> ---=�- . —� defend genetallY
<br /> ��r�� . THIS SF.CUR1T1l lNSTRUN�NT combines anifoim cavenants for national use and noa-uniform covea�ts with limited �D ,:
<br /> entcovedn teal • f :��
<br /> � �b msmim g P�P�Y• •` -�
<br /> < vaanauo Y l�isd�c�°n W constimtc a nnifoim seauity� _ . -
<br /> ,�,:.. .. LTNIHORM COVENAKI'S.Bonawer and I.ender coveaant�d agrce as follows: when due the � ,,'� `
<br />'.;.�' � ' i.P a y a 4en t o f P r i n+d p a l a a d I n t e r e s�p r e P a y�e n t a nd l.ate CUar ges. Boimwer shall pmmptly pay . �rt ._
<br />�' � , principal of an�mteaest on the debt evideaced by the Note and any psepaymeat a n d l a t e c t�az S e s d u e u n d e r t h e N o t e. � - ,;„
<br /> �� . .�` 2.Fands[or Tmre.s and Insuranae. Subject m applicabie taw or to a writtea waiver by L.e�ea.Bormwea shall pay u� , 'L .;:
<br /> .. Leudea on the day monWy payments are dae under the Note,until the Notc is paid'm fu11.a sum("Fmids'�for.(a)Y�Y�� .i.'," ::-.
<br /> � � � and assessme�ts whic6 may auain pria�in►over this Sec�ity Ins�ame°t as a lien on the Pmpeaty:N)Y�Y l�old payrnents • .. ._•
<br /> ; ��. :.
<br /> ,: �nsivance premiian�(�Yr�1Y ffood insurance preirriums,if ���,
<br /> {, ! . or ground rentc on t6e Pmperty.if any;(�)Y�Y�or pmperiy k ;'` ..::`,:,::.��
<br /> - anY.{e)yearty mongaSe insu�ance psemiums,if aoY.and(�a�►Y sums paYable by Borrow�tn I.eader,in aa:ordance with the . _
<br /> �i.� , provisioas of pazagraph 8, in lieu of the paymeat of mortgage rosntar.ce pre�uums.'l�ese items a�� ��Ow Ite�s"
<br /> '=�."<"_. � . L.ender may,ai any time,collect and hotd Funds in an amoant not w e�cceed the maxunnm amount a le,nd�for a federally related -
<br /> �a° . mre fior Borrower's e�xow aabunt undea the federal Reat Estate SeWeme�t P�+ncedures Act of�1974 as -
<br /> mortgage loaa may r�al � A .unless another law that apglies tn the Funds seis a tesser
<br />�r:L ".. . � �:.�.. amended&om tisne tn time. 12 U.S.C.Section 2601 et seq. ("RESp '� --
<br />'�: ' amo�mt If so,I�ender may. a!any tune.caltect and hotd Faads in an amouat not w exceed the lesser ar�wunt I.ender may
<br /> �- .
<br /> ;,: • •'�- � estimate tbe amount of Funds dae an the basis of curreat data and reasouable estimates of e�cpendit�u�.s of fiu�ue Fscrow Items or -�°• : s ,�
<br /> ' � ' � • oth�vise in accordance with applicable taw. ��ffiyty,or entity(inciucGmg ` • •���
<br /> ��'' �>:.�r 71ie Funds shall be deid in an insdtution whose deposits are msured by a fedeeal agencS+, �'�-..
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<br /> � � ` Lende�r,if Lra►der is such an mstiNtionj or in any Fedecal Home Loan BaNc.Lendear sLall apply the Fimds w pay the Esaow ° ` '�.:�`'.-
<br /> _ .. . the esctow account,or verifyiug r .. ��,=.-:`�`_
<br /> . Iterns.L.ender may noi charge Borrower for doldmg and applying the Funds,aunnalIy anal3rzmg ..o,.
<br /> ra� • •
<br /> � the Fssrow Items.untesa L.�sde,r DaYs Bosmwer interest on tbe Fands aad applicable 1aw pennits Lenda w m�Ice sucb a c6arge. �` �,"..�,,-._�
<br /> ;`•.�' • liowever,Lender may�eci�ire Bom�wu w pay a on�time c.harSe for an independent real estate rax reporti�g service ased by � _--
<br /> om • a:,a
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<br /> : ; I�ender in wnnection witls tbis loau.vntess apptu�bte law provides otherwise.Uatess an agreement is made or applicab2e taw , --
<br /> ' , reqaucs intexest tn be paid.I.enda shaII not be requaed to pay Bonower any interesc or eamings on the Faads.Bormwu and � � ,,.;•a..
<br /> ,,��:—
<br /> . Lendez may agree in wriung.howevca,that interest shall be paid on the Funds.Lend�shail give to Bormwa.withaut charge.an _
<br /> . . annual accounting of the�unds,showing credits and debiLs w the Funds and the purpose for which each debit to the Fands was . . � -��,�'�''.�_'
<br /> • made.l7ie Funds are pledged as additional securiry for all sams secured by this Seaui e law�der sdatl account to Boimwer for : "
<br /> !V S the Funds held by I.ender exceed the air►uunts Pe�mitted t°be heid by app • - ���
<br /> �,•` ' the excess Funds in accordance with the requirements of applicab�e law.If the amount of the Fands hetd by I.eader at any dme is
<br /> ' � not s u f f icient to pay the Fscrow Items when dae,Lender may so notify Borrowea in writing,and.in such case Borrower sha11 pay `."`'
<br /> . to Lender ths amount necessary t� make up the deficiency. Bom�wer shaU make up the defciency in no more than twe lve .'�;."
<br /> : ' , mont2tlY payments.at Z.ei►der's sole discretion. . ±!!�
<br /> • ; � ;' Upon paymsnt in fuU af aD soms seaued by thi4 Sea�riry Insuument,Lendea s6all pmmptly refund to Borrower anY Funds . • j�.._
<br /> : : . � held by l.endea If,nnder paragraph 21,Lenda shall acquue or seU the Property,l-ender,prior to the acquisiaon ar sale af the , • '� �
<br /> _�•.:
<br /> :i_;�... Property,shall aPD�Y �y F��hetd by Lender at the wne of acquisition or sale as a credit against tbe sums seaved by Ihis , . . _
<br /> };.; . S e c a u i ty I n s t r u ment ents received by dettm d e r pa:agrap hs . _
<br /> , 3.Applicatton of Yayments. Untess appficable law provides othcrwise.all paym �e eundea par�°raPb 2� -
<br /> - - � ' �• � and 2 shall be applied: ficst.to any prepayment eharges due nnder the Note;secoad,ta amounu payab -----�--�-s
<br /> . . ' . third.w interest due;fourth.to DiinciAal due:and 1ast,w any late charges due under 1he Note. .. �,•
<br /> A.:
<br /> � � 4.Charges;Liens. Bonower shall pay all taxes.assessments•charges.fines and impositions aten'butabte to the Pmperty _
<br />' � . which may auain isriority over ti�i4 Secwity Inswmen�aud t�uehotd payments or ground rents,if any.Bosower sha11 paY these - ., . .
<br /> � obligations in the ma�er pmvidcd in Dara�aPh 2,or if not paid in that tnanner.Bflrrower shall pay them on time dircxtly to the
<br /> - � . person owed paymeat Bonower sha11 prompily fumish to Lcad�aU noticcs of amounts to be paid under thls paiagraPh. Ii
<br /> .. Borrower makes thes�e paYments ducdlY�Borrower shall prompUy f�unish tn l.ender receipts evidencing the payments.
<br /> '_� Borrower shall promptly discharge any lien which has priority over this Sec�riry Inswment unless Borrowea:(a)agrees in '
<br /> ' ' �. � writing tn the payment of the obligation secured by the lien in a manncrwaccepta'ble�e�nder's�, inion operate tof prcvcnt ihe �
<br /> � . by, or defends against enforcement of thc lien in. (egal proceedings n °P � �
<br /> ` '.' � enforCemcnt of thc lien;or(c)secures from the halder of the lien an agreement satisfactory to Lender subordinating the lien to . ,
<br /> this Security Instr�nmen�If Lender detemrines that any part of the Property is subject to a lien which may attain priority over this ;
<br />, � • , Security Ins�ument,l.ender may givc Borrower a noaoc idcntifying the lien.Borrowcr shall satisfy the lien or takc one or more �` �..
<br /> �• � i of the acdons set forth above withln 10 days of the giving of nouce. Form so2e 9�90 ; �
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