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<br /> TOGETHER w'1TH all tht impru�ement.nrn�or hereafter erected csn the prup�m. anJ aIl ca,�,TnT:.'.appunenan�r.. ,�nd .. �� __
<br /> hxture+ nuw «r herraf'ter a part of thr propert}. AI! replacement+ and aJd�tion. +hall al,u hr .u�cred hti �hi, 5ccunty � � _ . ��
<br /> Instrumertt. All uf the ti�regumg��rrf�rred tu m th�+Serunty Imtrwtient a.thr "Pr��p�m."' r • `-,-
<br /> BOltROH'ER COVEhANTS that Burcuarr �.la�►fuil� ,ei.ed of thr e+tate her�h�«,me�rd and ha+ thc nLht t��erant anJ � `� �
<br /> rome� the Prupert} anJ thrt thr Propeny i.unesicumher�tii. excrpt for rncumbran�r+��t rerurd. Burru��er �isrranh .uid w�II . • . ' �
<br /> defend genersll}•the title[u the Pruprrty:�:umt ail claim.and dem:uid.,,ubiert tu anr cn�umhranrr,ul r��urd. ' � `'
<br /> THIS SECURITY I�STRliMENT rumhine�unifurm anenant�ti�r nau�snal u.�and nun-uniti�rni ru�rnant+ w�tl� lunited ,'
<br /> vaziation,by juri,dirtiun w ran+titutr a umturm.ctiuriq•imtrument«���ring rral pn�pen}• � , • ' � �'
<br /> UNIFORM COV ENANTS. 8orrower anJ Lender curen:�nt:uxi agree a.ti�lluu�: : • .'_.__ " ,
<br /> 1. Patiment of Principal and lnterest; Prepayment and Late Char��. Biirro«rr .hsll prumptl} p�} ��hen due thr • ' '. -
<br /> prinripal of and intere.t un the dtht e�idenc��1 by the�Iutr and any prepayment:uid Istc rhar�:r.Jur under thr N.�tc. � , . '
<br /> 2. Funds for Tas�aad Iasurance. Subject to applirable law or tu a written waiver by Leniler. Borns�cer .hall p:ry to ' � , ,,
<br /> Lender�n the day�monthly payments are due underthe Note. until the Note is paid in full,a wm i"Fundti"►for: la1}early taxes � . •. .�.: ', , *
<br /> and a��eatiment+whirh may attain priority over thi�Security Instrument a_�a lien on the Prupen}:�b)���erly Iea�eholJ payments . , ;,.
<br /> or ground rentti on the Property.if:uiy:(c►yearly hazard or property insurance pmmiucru;(d)y�nrly t7�wd insurnnce premiums. ,��,:^�,j f
<br /> <.,�.-_�..-: �.
<br /> if any: (e)yearly mortgage insurance premiums. if any:and (�any sums payable by Borrower to C.emfer,in atcordance with : �3s�
<br /> the provisions uf paragraph 8, in lieu of the payrrttnt of mortgage insurance premiums.These itertu are called "Fscruw Items." . ' ' • .� '� � '
<br /> Lender may, at any time. collect and hold Fund�in an amount not to exceed the maximum amaunt a lender for a federally � >��i-
<br /> related mortgage loan may require for Borrower';escrow account under the federal Real E�4tte Settlement Procedure�Act of �. �-: �`'�2—
<br /> �'.
<br /> 1974 ati amended from time w time, 12 U.S.C. Section 2601 et seq. ("RESPA"1,unfess another law that applies to ihe Funds . . • �
<br /> sets a lesser amount. If so. Lender may, at any time, collect and hold Funds in an amount not to excard the lesser amount. � " � � r,".::
<br /> L.ender may estimate the amouni of Funds due on the hasis of current data and reasonable estimates of expendiNres af future , �.
<br /> .:��;��
<br /> Facro� Ctems or otherwise in accordance with applicable laa. • t�'
<br /> �e Funds shall be held in an institution whose de���s�.0 are insured by a tederal agency, instrumentality, or entity � � �� .��,-;
<br /> lincluding Lender,if Lender is such an institutiaR)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the ii�. --��
<br /> .. 7�,• L
<br /> Escrow Itertu. Lender may not charge Bonower:•�r holding and applying the Funds, annually'analyzing the escrow acwunt,or : � : , -
<br /> ' veri in the Escrow Items,unless L.ender a �Borrowe:interest on the Funds and a lir.able law rmits Lender ta make such " ' ���r
<br /> fY� S P Y� PP P� . -�. ti
<br /> a char2e. However, Lender may require Borrower to pay a one-time charge for an independent real e�tate tax reparting servic:e �- J` �,����'
<br /> used by Lender in connection with this loan, unless applicable law provides othenvise. Unless an agreement is made or �`- 3-
<br /> applicable law requires interest to be paid. L.ender shall not be required to pay Borrower any interest or earnings on the Funds. � . f °�
<br /> Borrower and I.ender may agree in writing, however, that interest shall be paid on ihe Funds. L.ender shall give to Borrower. � � `• �` ' �' ��
<br /> without charge, an annual accaunting of the Fund�, showin�credits and debits to the Funds and the purpose for which each .:��;� ' � " .
<br /> debit to the Funds was made.The Funds are ptedged as additco�al security for all sums secu::d by this Secunry Instrument. �`�'�� '� .�:k �.
<br /> `�,x(��;,. �.
<br /> If the Funds held by L.ender exceed the amounts pertnitted to be held by applicable:aw. Lender shaU account to Horrower •`�;�;?:".•�•• �,;.a ''
<br /> for the excess Funds in accordance with the requirements af applicable law.If the amount of the Fur.ds held by Lender at any '•""�' ' +ac '
<br /> � time is not sufficient to pay the Escrow Items when due.I,ender may so notify Borrower in writ'sng. and, in such case Borrower . �,,; � � ., }'';��•
<br /> .�_ '� � :
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<br /> shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the d�firiency in no more than "`°��_; :� -
<br /> twelve monthly payments,at Lender's sole discretion. �... •±�:,_;.•
<br /> Upon payment in full of all wms secured by this Security Instrument. Lender shall promptly refund to Borrower any •.. ��,�i:�„_
<br /> Funds held by Lender. If,under paragraph 21, Lender shall acquire or seU the Property,Lender,prior to ihe acyuisition or sale • ;.�'�y,�=='J`-
<br /> of the Property,shall apply any Funds held by l.ender at the time of acquisinnn or sale as a credit againsi the sums secured by • '--��` -�
<br /> � :l
<br /> � this Security Instrument. � `��`-:�--...r—
<br /> � 3.Appllqtion of Payments. Unless applirable law provides otherwise,all payments raceived by I.ender under paragraphs . ,;�,�:�, . ' .''3''�" _
<br /> ,.'�..;,_ s..
<br /> 1 and 2 shall be applied: first. to any prepayment charges due under the Note: second.to amounts payable under paragraph 2: �;:.;��„ � '� _
<br /> third.2o interest due: fourth.to principal due:and last,to any late charges due under the Note.
<br /> 4.Charges; Lfens. Borrower tihall pay all taxe.e, actessments, charges,fines and impositions ar�ibutable ta the Ptoperty � ' ,,,- -_
<br /> which may attain priority over this Security Ia��trument, and IeaSehdld pa«nents or ground rents, if�.�y. Borrower shall pay .� : ;t �`�.
<br /> these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on time directly • '�.. .��;
<br /> to the person owe�d payment. Borrower shall promptly furnish to Lender all noticea of amount�to be paid under this paragraph. • � :,�' A
<br /> •''�RI . .'���r .':
<br /> if Borrower makes these payments direcdy, Borrower shall pramptly furnish lo L.ender receipts evidencing [he paymenu. ,�=' •�1�.; °
<br /> Borrower shall promptly discharge any lien which ha..prioriry over this Security Instrument unless$orrower:(a1 agrees in ;>�,.;:d...,-�._�, -
<br /> writing to the payment of the obligation secured by�he lien in a manner acceptable to Lender:(b)contests in good faith the lien �-; .�'•• � "���
<br /> . ..,.,�.a.:.,.,..r..
<br /> by. or defends against enforccment of the lien in. Iegal proceedings which in the Ler.der's apinian operate to prevent the ,::.';;�..,,.�r_��r;�,:
<br /> enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactc.y to Lender subordinating the lien to .� ��; :�' �`-��-�
<br /> this Securit lastrument. lf Lender determines that an art of the Pm ert is tiub'ect to a lien which ma attain riorit over ""�"'`�''T"�""'�
<br /> Y YP' P Y� J Y P Y .
<br /> this Security Instrument, Lender may give Barrower a notice identifying the lien.Bnrrower shall�atisfy the lien or take one or � �`.�5;:. •
<br /> more of the actions set forth above within 10 days of the giving of nutice. � .:° , ' • , -'
<br /> . Form 3028 9l90
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