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<br /> ' . 970 1���6 � . . �` : .� `��
<br /> ,: TOGETHER WITH all the improvemtnts now ar hereafter emted on the pmperty,and all easemeut,,appuaea�nces,and � , � :al=•
<br /> fixtures �ow or herc�ftcr a part of the properry. All replar.ewenti and additiun., shall al�i� he wvered by chis S�x;urity ,
<br /> � InsYn�ment. All of the foregoing is refetred to in tius Secu�iry Insm�meat as the"Pmperty." r � � ' �-.
<br /> BORROWER COVENAPi'fS that Borrow�r i�lawfully seised of the estate hereby conveyed and das the right to grant and � ' - =__
<br />, • convey the Propetty a�that the Property is unencumbered, except for encumbtan�of record. Banower wam,tn�,and will � .
<br /> defend generally the tide to the Properry aa inSt all clainu and demands,subject eo any encumbr�nc;es of record. � ' .; , �
<br /> _ � THIS SECURITY INSTRUMENT r.ombines uniform covenants for narional use and non-unifoim coveuanu with limited ` � . ___.-----
<br /> variatians by jurisdiction to constitute a wuform security insmiment covering real proprtty_
<br /> UMFORM COVENANTS.Borrower and[xnder co�enaut and agree as foUows: � ��
<br /> � 1. Pa enL of and Iaterest; a aatd Late C es. Borrower shall mm d a when due the .. ; _ • _e
<br /> Yar �P� �P Ym� � P P Y P'Y
<br /> • I grincipal of aad interest on the debt evidenced by the Note aad any prepaymeni and late charges due under the Note. � ,-' '-
<br /> 2. F�mds for Taxes and Insuraace.Subject to applicable law or to a written waiver by Lender, Borrower shall pay to � . ,, ��-'._� -';:;"�.
<br /> Lender on the day monihly payments are due under the Note,until the Noce is paid in full.a sum("Funds")for. (a)yearly taxes �� ���-:��a:���
<br /> and assessments wlrich tna atpin riori over this Secaui Inswment as a lien on the Pro e (b)yearl leasehold a enu �` '' ~���
<br /> Y P t3+ �Y P rtP: Y P Ym ..�..
<br /> or ground renss on the Pmpercy,if any:(c)Yearly hazard ar pro�erty insmance premimns: (d)Yeaciy flood insazance premiums. � � '`�`��:-,-_:��_
<br /> '� "=
<br /> . if any; (e) yearlq mortgage insuiance piemiums.if any: and(�any sums payable by Borrower to Lender, in accordance with • ° - - -
<br /> the provisions of patagraph S. in lieu of the payment of martgage insivance premiums.These items are called"Fscrow Items." " '. • � -- --
<br /> ��.:a,�.-
<br /> L�er may, at any time, wllect and hold Funds in an amount not to exceed the mvcimum amaunt a lender for a federally " 1 - _
<br /> ' related mortgage loan may require for Borrower's escrow account under the federal Real Estate Setitement Ptocedures Act of . � ___ =
<br /> 1974 as aznended from time to time, 12 U.S.C. Secdon 2601 et seq. ('RFSPA"),unless annther law tl�at applies to the Funds � `��;: ��=.. �-
<br /> sets a lesser amount. If so, Lender may, at any time,collece and hold Funds in an amouat not W exc,eed t6e lesser amount. i. ' . `�'_`. -__
<br /> - Lender may estimate the amonnt of Funds dne on the basis of current data and reasonable esdmates of ezpenditures of fature j . ��'��- --
<br /> , '-r =°
<br /> Escrow Items or otherwise in ac;cordance with applicable law. � �� :s�`_ `-.'-
<br /> The Funds shall be deld in an institudon whose deposits are insured by x federal agency, insmrmentality, or enuty ` �-,--
<br /> (inclading Lender,if Lender is such an institntion)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the ` . •'
<br /> Escmw Items. Lender may not charge Borcower for holding and applying the Funds, annnally analyzing the eserow acoount.or ' ,�'j '�
<br /> • verifying the Escrow Items,unless Lender paps Horrower interest on the Funds and applicable law permits Lender to make such �- � "•T{�•-:1--.
<br /> :_f., .. `
<br /> , a charge. However. L.ender may require Borrower to pay a oae-dme charge for an independent real estate tax reporting service �. . :. r:.�.-
<br /> used by Lender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or ., —
<br /> applicable law requires interest to be paid,Lender shall uot be required co pay Borrower any interest or earnings on the Fands. ` �: '
<br /> Borrower a�Lender may agree in wridng,however,thai interest sball be paid on the Funds. Lencter shall give to Boaower, `'` ' _
<br /> ,, ,
<br /> without cbarge, an annaal accoundng of the Funds, showing credits and debits to the Funds and the ptupose for wluch each ��� �..• `y �� �-
<br /> , debit to the Funds was made.The Funds are pledged as addiuonai security for all sums secured by this Security Insmimeni. ���1. ;.,'l� �. �`
<br /> • If the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall accouni to Bmrower ��� 'fi :` — `
<br /> for the excess Funds in accordance with the requirements of applicable law. If the amount of the Ftwds held by Lender at any ` ' �` '� �-�'� �
<br /> •T�l�..�.., � _-.-
<br /> : . time is not sufficient to pay the Fscrow Items when due.Lender may so notify Borrower in writing.aIId,in such case Borrower -�.
<br /> . shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in ao more than ��:.' 4' s•� —•-
<br /> �:�. � .��:.:�
<br /> � twelve monthly payments,at Lender's sole discretion. . �,r_
<br /> Upon paymeni in full of all sums secured by this Security Insuument, Lxnder shall prompdy refund to Borrower any ��`�'� �T'.
<br /> :��i��•-` s;
<br /> • Funds held by I.ender.If,under paragraph 21, Lender shall acquire or sell the Property,I.ender.prior to the acquisiuon or sale __��.
<br /> ' of the Pr shall 1 an Fnnds held b L.ender at tbe time of uon or sale as a credit a t the sums secumd b '�`�
<br /> ��Y. aAP Y Y Y �N��� S� Y
<br /> . . :�- r�'�#,.
<br /> �� this Security Instntment. ;Y?�.: :��_�._- .
<br /> �;� 3.Appllcation of Payments. Unless applicable law provides otherwise.all payments received by Lender under paragaphs =d--• •=-----._,,
<br /> ����=�. .
<br /> �. � 1 and 2 shall be applied:first. to any prepayment charges dae under the Note; second,to amounu payable under paragraph 2; �+� -=^"
<br /> • third,to interest due;fow�h,to principal due;and last,to any late charges due under the Note. � � '-:•-�•�
<br /> 4.Charges;LIenv.Boaower shall pay all taxes,assessments, charges, fines and imposidon5 attributable to the Property �;��v,.3���`t=°
<br /> • which may attain priority over this Securiry Inswment, and leasehold payments or graund renis, if any, Borrower shall pay • ':'�'�"���-��
<br /> these obligaaons in the manner provided in paragraph 2.or if not paid in that manner. Borrower shall pay them on rime directly . �• . ,�:=
<br /> � ' to the person owed payment. Borrawer shall prompdy fiirnish to Lender all norices of amounu to be paid under this paragraph. � � ___ '� • � ��_
<br /> If Bonower makes these payuients direcdy.Bonower sUall prompdy fiunish to Lender receipts evidencing the payments. � � �""
<br /> Borrower shall promptly discharge any lien which has prioriry over this Se.urity Instrument unless Borrower:(a)agees in . . ' � • � �� �
<br /> writing ro the payment of the obligation secured by t6e lien in a manner acceptable to Lender;(b)wntests in good faith the lien � , •
<br /> by. or defends against enforcement of the lien in. legaD proceedin�s which in the Lxnder's opinion operate to prevent the � : . '. k`_•
<br /> enforcement of¢he lien; or(c)secures from the holder of the lien an agreement satisfactory to Lender subordivadng th�lien to . : �
<br />. this Security Inswment. If Lxnder detemunes tUat any part of the Propeny is subject to a lien which may attain priority over
<br /> tlris Security instaument,Lender may give Bonower a notice idenrifying the liea Borrower shall saUsfy the lien or take one or . �' '
<br /> more of the acdons set forth above within 10 days of the giving of norice. • ' �
<br /> Form 3028 /90 �
<br /> �O BRlNE1 192721.Ot P�ge 2 0l B Irvnai�• � • .
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