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<br /> , 'POGETHIiR WI7'H�1 the improvements now �or hereafter crecuxi on the property,end ell easements,appurtener�ces,end
<br /> ' Cueturas now on c�rcafter a part of the praperiy.All rcplaccmcnts and addirions shall nlso be covcrcd by this Socuriry Instrumcnt.
<br /> � All of tha foregoing is rcferr�ed to ln thls Security Instrument as the"Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estatc hercby conveycd and ha�the right to grant and ,r��
<br /> ;„„,,,� convey the Propeny and that the Property is unencumbered, except for encumbrences of record. Borrower warrants end will �.�-
<br /> defend genaaUy the Htlo w the Property against all claims and demands,subject to any encumbrances of record. '��
<br /> THIS SECURTTY INSTRLTMS1VT cambines unifoun covenanis for nadonal use and non-uniform covenants with limiced -�`'_
<br /> � variaUOns by jurisdicuon lo consdwte a uniform security insirument covering real property. - -
<br /> � UNIFORM COVE4VAN'I'S.Borrowcr and Lender covenant and agrce as follows:
<br /> l.Payment o!Prindpal�nd Iaterest;Prepayment and LAte Charges. Borrower shall prompdy pay whcn due the
<br /> � principal of and interest on Ihe debt evidenced by the Note and any prepayment and late charges due undv the Note. _-=
<br /> �' 2.Funds tor Tpaces aN1 Iasurance. Subjoct to applicable law or to a wriuen waiver by L.ender, Boaower shell pay to =
<br /> Lendcr oa the day monthly�ayments are due undu the Notc,until the Note is paid in full,a sum("Funds")for: (a)yearly taxes
<br /> � and assessmants which may apain prioriry ovu this Securlty Instrument ac a lien on the Property;(b)yearly leasehold paymenis � _
<br /> or ground rents on tha Prc�perty,if nny�(c)yearly hazsM or property insurnrtc�premiums:(d)Ycarty flood insurance premiuins,if
<br /> any: (e) yearly mortgage insurance premiums,if any; and(t�any sums payable by Barower w I.ender,in accordance with the
<br /> provisions of paragraph 8, in liw of the payment of mortgage insuronce praniums. These items are called "F.scrow Items." -
<br /> Lender may,at any tune,collect and hold Funds in an amoant not to excecd thc maximum nmount a lender for a federally related -"
<br /> mortgega loan may cequire for Bomuwa's escrow account under the foderal Real Estatc Settlement Procedures Act of 1974 as
<br /> amcnded from timo W t,ime, 12 U.S.C.SectiQn 2601 et s�q. ("RESPA").unless anothet law that applies to the Funds sets a lesser -
<br /> amount If so.l.enckr rr�ay, at any time. coliect and hold Funds in an nmount not to excerd the lesser amonnt L.e�tder u�ay •"r`�--
<br /> � �to the cunount of Funds due on the basis of current daa and reasonable esdmates of eupendlWms of fuWre Fscrow Items or , °
<br /> otherwise in accordance with applicable l�w. � �_
<br /> � 'I U e Funds shall be tuld in an insuwtion whosc deposits arc insnred by a federa!agency,instrumentality,or endty(including �' •�°
<br /> - - -.;..`� I.tnder�if I.ender is such u� instiwtlon)or in any Federal Home Loan Bank.Lender shall apply the Funds to pay the Escrow '�,.
<br /> - ^-- _ Items.I.cnclu may not cturge Borrowu for holding and anplying tlte�F��r��.ar��;��,,,�e��p.;.����y��yg =_
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<br /> thc Eaxow Items,unks9 Lender pays aorrowu intucst on the Funds and applicabk law�xrmlts Lendcr to rnake such a charge. ,���,:_
<br /> However.I,ender may roquin Borrowa to pay a one-tjme cherge for an indq►e�clent rcal estate taa reporting s�vice u�by ,�!,;.�
<br /> ' I,enclu ln connoction with this loan, unkss applkable law provides othawise.Unless an agrcxn�ent is made or applicabk law ';:
<br /> �:.f reQuites intaest lo bc p�aid,I.uuicr shall not bo requirod to pay Borrowu any intcrest or eamings on ttxs Funds. Bormwcr aad ;'.
<br /> I.cncfar may agroc in wri�ng. however,that intcrest shall bc paid on tho Funds.Lcndcr shaU give w Bcxmwu.without charge,an ;-��
<br /> _ . aimual ecconndng of the Fluids,showing credit�end dcbits to the Funds and the purpose for which each debit tn the Funds was ?�t
<br /> _ ' mtde.The Funds ae�e plodgal as addiliunai securiry for all sums secured by Ihis Security Instrument �r<`.+-
<br /> • � If the Fuads held by La�da exceod the amounts pe,�miued to be hcld by applicable law,Lender shall acco�nt to Borrowu for �_�
<br /> : � th�exass Funds in xcc�rdu�ce with the roquircmcnts of applicable law.If the amau�t of the Funds held by Lerider at any time is �'
<br /> not sufficirnt to pay�he Escnow Items when due.Lender may so notify gorrower in writinng.and.in such case Bormwu shall pay `
<br />= w Ler�der the unount nactssuy to make up the defciency. Borrowu shall make up the deficiency in no mae than tnrelve —`'
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<br /> �:�1�;..,,.^p� • monthlY MYments.atl.aadtr s sok discnetion �;
<br />_�_;- ���: Upon pa�Yment in fuU of all sums secur ' �is Sccarity Insnumei►t,Le�dcr shall prompdy refund W Borrowu any Fuads =
<br />:r%'�":;�;: heW by L�cndar.If.under ptrAgraph 21,L (acquire or sell the Praputy.Lendcr. nor to the uisidon or sak of the
<br /> ;= .:•`';.`, , Propaty. shaU epply any Funds hctd by Leu. �he time of acquisition or sale as a credit against the sums secured by this --
<br />- ' Socurity Inswmai� -
<br />�, `�`' 3.Applicatbn of P�ym�nb. Unkss applicable law prnvides otherwise,all payments roceivod by Lender unda paragraphs �'=--
<br /> ;,�.;....: 1 and 2 shap be appltod:fust,to anY P�[�Y�t charges due undcr thc Note:second,to amounts payable under paragraph 2; �:.:�
<br /> - '.. third.to inienest due:[ourth�ta princlpal due:and las�tn any latc charg.�s due under the Note. � �
<br /> y� 4.Cbar6esp Liens. Barow�r shall pay all �a�ces. a�sessments, charges. fines and impositions suributable to the Property ""__-
<br /> _y�,.�V.: which may attain priaity over UiLs Socurity Instrurtient,and leacehold paymenu or ground rents,if any.Borrowe�shall pay these
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<br /> -. obiigati�ons in the mannesprovidod in paragraph 2.or if not paid in that mannu.Bomawer shall ?;;�`.,_--
<br /> F... .�, , person owed PaY them on time dirocdy w the ,_ _
<br /> PaYmcnG Barowcr sl�all prompUy fumish co L.endcr all noticcs of amounts to be paid under this paragraph. If ":,:;��
<br />�. . � Botmwer mak�these payments direcdy.Borrower shall prompdy fumish to I.ender reoeipts evidencing the payments.
<br /> Borrower shall prompdy discharge any lien which has prioriry over this Socurity Insrnuner�t unkss Borrower.(a) agrers in
<br /> jwridng w the payment of the obligation securod by the lien in a manner acceptable to Lender:(b)contests in good iaith the lien • •
<br /> by, or defentis against cntorament of thc lien in, legal procealings which in the Lender's opinion operate to prevent ihe -
<br /> � enforcemer�t of the lien: a(c)socuros from the holder of tho lien an egroement saasfxtory to Lender subordinating the lien to . -
<br /> � ihis Sceurity Instrument� If Lender determines that any pazt of the Property is subjoct to a lien which may attain priority over tA�s -
<br /> � Securiry Instcument,Lendci may givc Eocrowcr a notia identifying the Lien. Borrowcr shall satisfy thc lien or take one or more
<br /> of the actions set fonh abore within 10 days oF the giving of notice.
<br /> j Form 302t YI90
<br /> �� �-�H(NE)(os�21.o� aap�2 ot 6 imaib:
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