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<br /> TOGk.THER WITH all thc impru�cment.n��w or hereafter erected on the pruperty..uid all ct.urn��nt.. appurtenanre,. and . ' .'.' < ` �� .
<br /> fixturc.� u��w ur herraFter s part of the property. All replacemenu and additiom +hall al+o he �ucer��i by thi+ Serurity � . �
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<br /> . Imtrument. All af the fumg��mg i�refened to in this Securiry Instrument a+die"Preiperty." � �..�
<br /> BORROV1iER COVENANTS that Bottower i�lawfully seised of the e�tate hereby�run�•eycd and ha-+the ri�ht to gr,u�t and . •c •<< • . ` • -
<br /> �_.�
<br /> runvey the Propem� and that the Propeny is unerzrumbered. except for enrumbrances uf rci:ord. Borrowcr wam.u��i an� wil� , . c`+
<br /> defend generally the title ta the Property against all claim�and demands,subject to any encumbranc��uf rerorJ.
<br /> ` THIS SECURITY IN5TRUMENT combines unifurm covenanes for national u�e a►td non-unifurm�o��enants with limited � .
<br /> - �•ariati�m.by jurisdiction to constitute a uniform security instrument cocering real property. , , .
<br /> L"�IFORM COVENANTS. BorTOwer and Lenderment and i.aterCharges�Borcuwer shall pmmptly pay �vhen due the --„--.--_-,-,-_-- . —.
<br /> 1. Payment of Principal and Lnterest; Prepay . • � �
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charge�due under the Note. . -
<br /> 2. Funds for Taxes and Insurance. Subject to apFlicable law or to a written waiver by [,ender. Borrower shall pay ta _, �, _�'�
<br /> I.ender on the day monthIy payments are due under the Nate.until the Note is paid in full.a sum("Funds">for. (a)ye'arly taxes _ . V '`;s�
<br /> and assessments which may attain prioriry over this Security Instrument as a lien on the Property:(b�fl�d�nsuranced pemiums. � �
<br /> or ground rents on the Property, if any:(c)yearly hazard or property insurance premiums:ld)yearly P ', _. .. - -
<br /> if any:(e)yearly mortgage insurance premiums. if any: and (f�any sums payable by Borrower to txnder, in accordance with — .;
<br /> the provisions of paragraph 8. in lieu of the payment of mortgage i►uurance premiums. These items are called "Escrow i[ems." � • _ -',;;n�,;;a;4�n.
<br /> .s:..�s•-�w_
<br />� Lender may. at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally �r_s __
<br /> ` � related mortgage loan may require for Borrower's escrow atcount under the federal Real Estate Settlement Procedures Act of ';����:..:.',r.,:'n;;
<br /> '--"�__�
<br /> 1974 as amended from time to time. 12 U.S.C.Section 2601 et seq. ("RESPA"). unless another law that applies to the Funds ,
<br /> seu a lesser amount. If su. Lender may, at any time, collect and hold Funds in an amuunt not to exceed the lesser amount. , �-
<br /> �imate the amaunt of Funds due on the basis of current data asid reasonable estimates of expenditures of future .,� ..--,.f
<br /> Lender may est ���� ''•'• _
<br /> Escrow Items or otherwise in accordance with applicable law. -Y` '' . ,_
<br /> . �,. >�:...
<br /> The Funds shall be held in an institution whose deposits :ue insured by a federal agency. instrumenEality. or entity .�
<br /> , (including Lender.if L.ender is such an institution)or in any Federal Home Lnan Bank. Lender shall apply the Funds to pay the -'-"::.Y; _� _
<br /> Escrow items. l.ender may not charge Bc+truwer for holding and applying the Funds,annually analyzing the escrow account,or ������*.�
<br /> . verifying the Escrow Items.unless Lender pays Borrower interest on the Funds and applicable law permits I.ender to rnake such _ �_
<br /> ' a charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate tax reportina service �
<br /> �-��,.;•...�;
<br /> used by I.ender in connection with this loan, unless applicable law provides otherwise. Unless an agreement is made or _,,, _i•.
<br /> • licable la��� requires interest to be paid. L.ender shall not be required to pay Borrower any interest or earnings on the Funds. ;:,i� _
<br /> ; app
<br /> Barrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lender shall give to Borrower. , ,y,,,,,,., '.��_�:.���*:"� �°'.
<br /> � withaut charge. an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each ;:. " .
<br /> � debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrument. <� i,, �;� .+:•�,„-
<br /> s If the Funds held by I.ender exceed the amounts pertnitted to be held by applicable law. Lender shall account to Borruwer `�. -;,� �r
<br /> � for the excess Funds in accordance with the requirements of applicable law. If the amoun[of the Fundti held by I.ender at any 7 �
<br /> • " S6 , �
<br /> � timc i+not sufficient ta pay the Facrow Items whcn due,[.ender may so notify Borcawer in writing,xnd,in such c;ase Borrower _ f _
<br /> - shall pay to Lender the amaunt nccessary to make up the deficicncy. Boaowe� shall mnke up the Jeficiency in no more than _ _4, c
<br /> � • twelve monthly payment,,at Lender'ti+ole diycretinn. �� � �
<br /> Upon payment in full of all +ums secumd by thi+Securiry Imtrument. Lender �hall pmmptly refund ta Borrower any �,u_.
<br /> Funds held by Lender.If,under paragraph 21.Lendcr�h�ll acquire or sell[he Properey,l-ender.priur to the acquisition or sale _ •, F. �_.
<br /> of the Property.�hall apply any Fundti held by l.ender at the time of acqui,ition or sale a+a rrrAl►t against the sums secured by
<br /> � this Security Instrument. , ` ��
<br /> , ''� 3.Application of PAyments. Unless applicable iaw pravides otherwi�e.all payments received by Lender under paragraphs � � '
<br /> ' 1 and 2 shall be applied: fint, to any prepayment charges due under the Note:,econd, to amounts payable under paragraph 2; �,��_�__
<br /> • •� third,to in[erest due:faunh,to principal due:and last. to any late charges due under the Note. �- -�•.�,
<br /> 4.Charges; Liens. Borrower shall pay aU taxes, assessments, charges, fines and impositions atuibutable ta the Property .� �;'.' .---_�-:==.
<br /> which may attain priority over this Security Instrument, and Ieasehold payments or ground rents, if any. Borrower shall pay -
<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 /> �;=_-
<br /> • to the person owed payment. Burrower shall prompdy furnish to Lender all notices of amounts to be paid under this paragraph. _-__ -_ _��
<br /> • If Borrawer makes these payments direcdy. Borrower shall promptly fumish to Lender receipts evidencing the payments. , , ,
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<br /> Sorrower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in ',��.� .,�y;�^, :�:�`�:>
<br /> , writing to the payment of the obligation secured by the lien in a manner acceptable to l.ender; (b)contests in good faith the lien ,� ,:::;��,��.-,
<br /> �3-... •...._ .
<br /> by, or defend+ against enforcement of the lien in, legal proceedings which in the l.ender's opinion operate to prevent the � �rr,.., _.� -�t.:__`
<br /> enforcement of the lien:or(c)secures kom the holder of the lien an agreement satisfactory to Lender subordinating the lien to :�.�.,:__,.,. .•,�,-::�••
<br /> � this Security Instrument. If Lender determines that any part of the Propeny is+ubject to a lien which map attain priority over 1'aQ"'"�",r4�"'• "'.'
<br /> ;��`. '•�' '"'�:-
<br />� this Security Instrument. Lender may give Borrower a notice identifying the lien. Barrower shall satisfy the lien or take one ar T t::��. �r. ��
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<br /> more of the actions+et forth ubove within 10 day+of the giving of nutice. • -- --
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<br /> � Form 3028 9/90 " �' "
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