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<br /> �?-r 1Q6S94 �
<br /> 'I'OGE'I'HER Wll'H aU thr impruve►nent�+m�w un c�rc:a0er erected un the pruFx:rty,;�nJ all c:i,rmcni,. appurtciein�e,. and
<br /> iixtures now ��r licrcaftcr a p,trt i�f the prciperty. All rcplit��eme»ts and additiun� +hall :dsu tx: rnvcrcd hy this S�rurit�� ��!`':,-
<br /> fn,trum�nt.All uf th�ti�r�guing i+rcfcrrcd[o in�his Sccurit;r ln�trumcnt as the "Proprrty"
<br /> �' BORROWF.R COVENANTS that Rorru�vcr is IuwfuUy+ci�:d ol'thc estatc hrrcb crnrvr rd�nd h�,th4 ri it�in �rant and �"��
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<br /> ',,,N,�.r� com•cy the Property and that thc Property is unencumhrrcvl, except for enrumhrances uf rerurd. Borrower wurrams and wiU
<br /> kw� defcnJ gcncr�lly thc titic to thc Property ubuin�t all clnirn�i+nd dema+ndti,tiubjert tu any cncumbrunreti nf rccunl. ���'
<br /> THIS SECURITY iNSTRUMENT cimibin��s unifi�mi ruvenants for national u,c aini nun-uuiforni rnvenant� �vithlirnitcd
<br /> vuriatinns by jurisdicti�m to constitute a unifi�rm security in�.trumrnt covering rcul propeny. �? _
<br /> , =� � UNIFORM COVENANTS.Bcirruwer und L�ndei•cn��enant and agree as follows: Qi�_
<br /> 1. Payment of Princi�ml und lnterest; Prepnyment nnd I.ute Cha�es. Borrc�x•cr shall prompdy pay whcn due thc ��
<br /> ' principal of and interest on the debt evidenced by thc Notu und any prcpaymm�t and latc charges due wvlcr the Nott. °=-
<br /> 2.Funds for Taxes nnd lnsurance. Suhject [u appli�:�►hlu luw or to a written waivcr by Lender, Bormwcr,h:all pay w E,�.
<br /> I.enderon the day monthly payments are�ue under thc Nuta,until thc Nute is paid in full,a tium("Funcls") for:(:a)yearly taxes �-
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<br /> ' " and asse�sments which roay utti�in pri��rity uver thiti Security Instrument us u lien on th�Property: Ih1 yearl}� leasehold payments �, -
<br /> or ground rents nn the Propeny, if any;(c)ycarly hnzurJ ur pruperty insurunce premiums;(d)yearly tlood insurancepremiums. -�-�
<br /> if any:(e) yearly mortguge insurance premiurns, if any; and�f�any sums pnyable hy Sorrowcr w Lendrr, in a�uarJ:sixe with
<br /> ' , thc provisions uf paragraph 8, in lieu of the puyment of mort�uge insurance premiums. These items are called"Escrow Items." ��-
<br /> Lend�r may, ut any time, collect and hold Funds in an amaunt not to exceed the maximum amount a Icnder for a fedsraUy
<br /> related mortgage loan muy require for Borruwer's escrow account under the federal Real Estute Settlement Procedur.:s Act of ,�
<br /> '' 1974 us amended frnm time to time, 12 U.S.C.Sactiun 2G01 er srq. ("RESPA"l, unless unother law that applies to the Funds �f;.,.
<br /> sets a Iesser amount. If so, Lender muy, at any [imc, cullert und hold Funds in an :�mount nut to cxcecd thc Iesser amount. �7{'
<br /> - Lendcr muy estimnte the amount of FunJs duc on the busiti of currcnt dnw and reasonable estimates af expenditur� o(future t•f;`
<br /> . Escrow Items or othenvise in accordunce with applicublc luw. �
<br />= The Funds ti;�all be held in an institution whose drposits ure insurcd by a fedcral agency, insuvmental ity, or entity
<br />:�,+ (including Lender, if Lender is such an institution)or in uny Federul Home Loan Bank. Lender shall apply the Funds tvpay the �_
<br /> � Escruw Items. Lender may not churge Borrower for hulding und applying the Funds, annually analyzing the cscr�w account,or ""'
<br />�:�--_-- ver�tying thc Bscrow Items. unce�s I.endcr Pays Borrow�r ini�rcai un itic Fu��d�uud upplicu�,tc iaw Nciiiiii5 l.�:iiu�; i���a.� �ueh
<br />- ' a charge. However, L.ender may require&�rcower to pay a one-time charge for an indcp�ndent real estate tax reponing service
<br />- used by L,ender in cannection with diis loan, unless applicable law provides otherwise. Unless an agreement is n�ade or
<br />�� , •` �,•<,'� npplicable law reyui�es intemst to be paid, C.ender shall not be requireci to pay Borrower any in[erest or eamings on ti-�e Funds.
<br />-'�� � • Borrower and L.ender muy :�gRe in writing, however, th�t interest shall be paid on the Funds. L.ender shall give to Borrower,
<br /> �='"�••>' -� without charge, an annual accounting of the Funds, showing creJits ancf debits to the Funds and the purpose for�vhich each
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<br />,�.w,b.; ,,r;� debit ro the Funds was mude.The Funds are pledged ns adJitional security for all sums secured by this Security In�tmment.
<br /> -';;�.::,��,-.•; Itthe Funds held by Lender exceed the wnounts permitted to be helcl by applicable law,Lender shall account ta Borrower
<br />-i���i,•'�:�;�-:�%�: for the excess Funds in accordance widi [I�e requirements of applicable law. If the amount of the Funds held by I.enc�cr at any
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<br /> �„ �� time is not sufficient to pay the Escrow Items when duc,Lender muy so notify Borrower in writing,and,in such cax Horcower
<br />=��"}�''"�'� ': shall pay to Lender the amount nccessary to muke up the deticiency. Borrower shall make up the deficiency in no rnare than
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<br />��;���' ; twelve monthly payments,at I,endcr's sole discretion.
<br />��;��.,�..�,,' Upon payment in fall of all sums secured by this Security Instrument, Le:nder shall prvmptly rcfund to Borrower any
<br /> °' �.?-�:;-���,` Funds held by L.ender. If, under paragraph 2l,Lender shall ucyuire ur sell the Propzrty.Lender,prior to the acquisitionor sale __
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<br /> � � of the Pmperty.shall apply any Aunds held by Lender ut the time of acquisition or sale as a credit against the surns secured by
<br /> - ;,;�,;.. this Security Instrument.
<br /> '` '� ' 3.Applieatton of Pnyments. Unless upplicable law provides atherwise.:ill payments received by Lender underparagraphs
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<br />�_r�=:�� I and 2 shall be appliod: first. to imy prepaymcnt charges due under the Note; second,to umounts payable undcr paragraph 2; -
<br /> "."`� ". �� third,to interest due:fourth,to principal due:and last,to any late charges due under the Note.
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<br /> -'z=s�•"i'-�''� 4.Charges; Llens. Borrowcr �hnll pay all taxcs. assessmcnts, chargcs, fines and impositions xttributablc to the Property
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<br />�-,i�+� •• • • which may attain prioriry over this Sccuriry Instrument, and Ieasehold payments or ground rents, if any. Borcou•cr shall pay _-_
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<br /> ��` these obligations in the manner provided in paragraph 2,or if not paid in that manner. Borcower shaU pay them on timedirectly ;-
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<br /> � . to the person owed payment. Borcower shall promptly fumish to L,ender all notices of amounts tv be paid under t1-iis para�raph.
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<br />�:• �'.. If Borrower makes these payments directly.�urrower shall promptly furnish to Lender receipts evidencing the payrnents. �s_.
<br />;�'� ' Borrower shall prompdy dischargc any lien which hns priority ovcr this Security Instrument unlcss Borrowcr:(a) :�recs in ,_
<br /> - writing to the payment of the obligation secured by the lien in a manner arceptable to Lender;(b)contests in good faith ihe lien
<br /> ' � by, or defcnds aguinst cnforcement of the lien in, Icgal proccedings which in the L.cnder's opinion operate to pre�•ent the '`�
<br />- enforeement of the lien:or(c) secures f'rom the halder ot'the lien an arreement satisfactury to [.ender tiubordinat ing t he lien to
<br /> � this Saurity Instrument. If l.ender determines that uny part of the Propeny is subject to u lien which may attain priority over
<br /> � .';��� thir: Securiry Instrument, Lender may give Borcower u notice identifying the licn. Borrower shall satisfy the lien e�rtakeone or
<br />_', � :% more of the actions set f'orth above within ]0 days of thc�iving of notice. '
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<br /> {,�,„ Form 3028 9190
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