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<br /> TOGETHER WiTH all the improtiements now or hereafter ereccal on the pmperty,anJ alf ra.�ements,appunenanre�, and � �'�
<br /> � fixtures now ur hereaftcr a part uf the propeny. A!1 replacementti and additioa, shall al>u be ���•�erc�t ny ►n„ Srrunty . s�;t
<br /> Instnement. All oF the fnreguing i.rcfrrred tu in thi>Securit} Instrument a�the"Pniperty.` ; � � � A
<br /> BORROWER COVENANTS that Bc�rraw�er��lawfully seised uf the cytate hereby ramryed:�nJ ha+the nght tu graRt and : . -
<br /> convey the Propert}• and thst the Pruperty is unencumbered, except for encumbr,uires uf re�:urci. Burruwer w�:inant.and �sill _ ,r,' � ---
<br /> � defend generally the title tn the Property again,t all claim.and demand,,,ubje�K tu�sny encumhr.�nre�uf rerorJ. . .
<br />� THIS SECURITY INSTRUMENT combine�unifnrtn covenants for natianal use:ind non-uniform covenann with limited � � •
<br /> variacion>by jurisciictiun to constitute a uniform securit}instrumertt covering rea! property. _ _ _ �_!'___ __ _ r'--.
<br /> � UNIFOR�I COVENANTS. Borrower and L,ender covenant and agree as follrnvs: . , • �'
<br />`• 1. Pagment of Principal and Interest: Prepayment aud Late Charges. Bocrower shall prompcly pay �•hen due the ;
<br /> - principal of and interpt on the debt evidenced by the Note and any prepayment and late chargeti due under the Note. • . . � , ,,.
<br /> . 2.Funds for Taxes and Insurance. Subject to apptecable law or to a written waiver bv Lender, Borrower shall pay to _ r
<br /> . L.endes on the day monthly payments are due under the Note,until the Note is paid in full,a wm("Funds")for: (al year�y taaes �' ��-,
<br /> . and assessments which may attain prinrity over this Secune} Instrument ati a lien an the Propeny:(b)yearly leasehold payments . . ;,a:`.:+�•:.�__
<br /> or ground renu on the Property, if any:Ic)yearly hazard or property insurance premiums;(d)yeariy tloud insurance premiums. � . ;-:±-;=�-.4„�:�—
<br /> . ��,, ��'�,�'aF"*i
<br /> if any: (e) yearly mortgage insurance premiums,if any:a.�d 1�any sums payable by Borrower to Lender,in accordar�ee with ,r � _:_�
<br /> the provisions of paragraph 8,in lieu of the payment of:nnrtgage insurance premiums.These items are called "Escrow[tems." .�_,._•�
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceec! the maximum amount a lender for a federaUy . _' -��=-
<br /> related mortgage loan may require for Barrower's escrow account under the federal Real Estate Settlement Procedures Act of �":��_.-
<br /> -�.-+.1� t ,t'i•r•, ._.!
<br /> 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ("RESPA"),unl�s another law thai applies to ihe Funds .. � . `�
<br /> sets a les�er amount. If m, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. -'• ���=�'
<br /> Lxnder may estimate the amount of Funds due on the basis of cvm:nt data and rea�onable estimates of expenditures of future - .;�'J" :..�.�= :"°�
<br /> ;.s:�-,;s.-r����:s�i�£E:,.'
<br /> : , ': Fscrow Items or otherwise in accordance with applicable law. ...--�--�.' �"'•°'.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entin• . . ,�i��l-' �
<br /> � "'�`'_-� -.._
<br /> (including Lender.if Lender is sach an institutioN or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the ,� 'e� , _
<br /> Escrow Items. L.ender may not charge Borrower for holding and applying the Funds.annually analyzing the escrow account,or '
<br /> 1��;.
<br /> ��erifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applic:abte law permits Lender to make such __°' * •°
<br /> , a charge. However, L.ender may r�equire Bonower to pay a one-time charge for an independent real estate tax reporting service `�V��`' f •A �,
<br /> � , used by Lxnder in connettion with this loan, unless applicable law provides otherwise. Unless an agreement is made or ,
<br /> __ applicahle law requires interest to be paid, Lender shall not be required to pay Borrower any incerest or eamings on the E=und+. , r: ' '`: ,
<br /> Borrower and Lender may agree in writing,however, that inter�st shall be paid on the Funds. Leuder shall give ta Borrou•er. � �.-,.� _•�:�`��:�'� ;'��
<br /> �nithout charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which eacA �:; '�,��.• �-•
<br /> debit to the Funds was made.The Funds are pledged as ad�itional security for all sums secured by this 5ecuriry Lnstrument. ,�-+ _':;��� :��.. . �
<br /> ; '� If the Funds held by l.ender exeeed the amounis permitted to be h�td by applicable law. Lender shall account to Horro�cer
<br /> � ' for the excess Funds in accordance with the rzyuiremencs of applicable law. If the amount of the Funds held by[xnder at any . ,;" .`' . , i`,,r;•
<br /> �� .
<br /> -;- : = time is not sufficient to pay the Escrow items when due.Lender may so notify Sa�rrower in writing,and, in such case Borrower �, :•���x�fl; ,' =
<br /> � sS,�ll pay to Lender the amount necessary to make up the deficiency. Borrower shall m a ke up t he de f iciency in no more t han _ �F�
<br /> .'..�� $ .
<br /> n�•elve monlhly payments,at Lendet s sale discretion. " =��
<br /> Upon payment in full of all sums secured by this Security In�trument. Lender shall prompdy refund to Borrower any _ �.-•
<br /> � � Funds held by Lender.If,under paragraph 21. Lender shall acquire or sell the Property,l.ender,prior to the acquisitian or sale � r-.:' �'�`�- ,`'`
<br /> ' of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums aecured by 3��. �°`
<br /> E.--- - �--
<br /> • this Security Instrument. �?W"���^p�^+�
<br /> � . 3.Appltcation of Payments.Unless applicable law pmvides otherwise.all payments received by Lender under paragraphs �-=�-� —,.-__
<br /> �' 1 and 2 shall be applied: first,to any prepayment charges due under the Note: second,to amounts payable under paragraph 2: _�1��''T-''=_� _.
<br /> �' third,to interest due:fourth,to principal due:and last,to any late charges due under the Note. ,,��r.,.r; �_v. .—_
<br /> � � 4.Char'ges: I.iens. Borrower shall pay all taxes,assessments, charges. fines and imposition�attributable to the Property : � _ _ � :
<br /> '�:: �
<br /> which may attain priority over this Security Ins[rument. and leasehold payments or graund rents, if any. Borrower shall pay _ '.;:.,�
<br /> ' these obligations in the manner provided in paragraph Z,or if not paid in that manner.Borrower shall pay them on time directly � '-'�.'•'-
<br /> . to the person owed payment.Borrower shall promptly furnish to Lendcr all notices of amountti to be paid under this paragraph. �•��--�---
<br /> , If Borrower makes these payment�direcQy.Barrower thall promptly furnish to Ixnder receipts evidencing the payments. �
<br /> �'---w_�, ,• .'..:,
<br /> ' Borrower shall promptly discharge a�y lien which has priority over this Security Instrument unle�ss Borrower: (a)a�rees in ���--`
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)cnnte�ts in goad faith the lien _� ;. � ' _
<br />' by, or defends against enforcement of the lien in, legal procecdingti which in the Lender's opinion operate to prevent the '��r��x�'r
<br />. ' enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ��,`�,_
<br /> ` this Seturity Instrument. lf Lender determines that any part of the Property is �ubject to a lien which may uttain priority over . .;d„�.�Y�„_F . -
<br /> ,' this Seturity Instrument, l.ender may give Borrower a natice identifying the licn.Borrower shall satisfy the licn or take one or ._-��-�:??° _
<br /> .A,'�.,:,-�r...�i�a-rr�c:-
<br /> more of the actions set forth above within 10 days of the giving of nntice. .�..��t.�.__ '
<br /> , Fc:rn 3028 9l90 _ ;_,,�;:•.�._ �
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