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<br /> � ' 97— �0'7869
<br /> TOCiGTHER WITH all the improvcmcnts now an c�naftcr crccted on thc praperty,and ull cascmcnts,appurtennncas,and
<br /> tixtures now on c�reafter a paR of thc property.All teplaccments and addldons shull aLso bc covcrcd by ihts Sccurlty Insffumcn�
<br /> � Ali�f thc forsgaing is rcfcrrcd to in this Sccurity Insuumentas thu"Propeny."
<br /> IIOREtOW&R COVENANTS thut Horrowcr is lav�fuUy sciscd of thc estnte herchy conveycd and has the right ta qrunt nnd
<br /> .� comuy the Property and thst the Properry is unencumbemd, except for encumbrtinces of record. Bonower warranis and will
<br /> dcfend gencrally thc title to the Property against aU claims and dcmends,subjctt to any encumbrances of rccord.
<br /> ���,,y+� THIS SECURITY INSTRUMEIV7' combines uniform covcnanis for nadonal usc and non-uniform covcnants with Gmitcd
<br /> ,,..,,...,,.we� varfadons by jurlsdiction to wnsdwte a unlform securlty inswment covering rcal property.
<br /> � ; UNIFORM COVENANTS.Borrower end I.ender covenont and agrce ns follows:
<br /> ' 1.Payment of Prtncipal and Iateresh,Prepayment and Lnte CharQ�. Borrowcr shall prompdy pay whcn due thc
<br /> ' principal of and Interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> � 2.Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shell pay to _
<br /> Lender on the day monthly paymentc a�e due undcr ihe Note,uncil the Note is paid in full,a sum("Funds")far.(a)yeurly Isxas �s:.
<br /> and assessments which may attain priorizy over this Securiry Instrument as a lien on the Property;(b)Yearly leasehold payments F'`
<br /> � or ground renu on the Pro�serty,if any; (c)yearly hazard or prope.rty in.gucance premiums;(d)yearly fload lnsw'ance premiums,if ��
<br /> � �YC (�)Y�ly matgaga insuranccs premiums,if any;and(� �nY sums payable by Borrowcr to L.endcr,in aceordance with the �:
<br /> pmvisions of paragraph S.in lieu of the payment of�cxtgage Insurence premiun�s. 'Il�ese items are called"Escrow Items." `
<br /> Lender may,at any time,coAect and hald Funds in tu►sunount not to esceed the maximum amount a lender for a federally related
<br /> , mortgage loan may require for Boaower's escrow accaunt under ihe federal Real Sstate Settlement Procedures Act of 1914 as _
<br /> amended from time to dme,12 U.S.C.Secuon 2601 er seq.("1ZESPA"),unless anothor law that applies to the Fnnds sets a lcsser —
<br /> , amoun� If so, I.ender may,at any dme,collect and hold Funds in an amount not to eaceed the lesser amounG Lender may
<br /> estimate[he amount of Funds due on the basis of c�urent dala ssnd reasonable esbimates of expenditures of futuro Escrow Items or
<br /> : otherwise�n accordance with appllcable law.
<br /> � �;,1.�:,•. The Funds shaU be held in an insumdon whosts deposits are lnsured by a federal agency.instrumentality,ar entity(including
<br /> ' Lcndu,if Lender is such an insdtudon)or in any Fedcral Home Loan Sank.Lendcr shall apply thc Funds to pay the Esaow
<br /> . Items.Lender may not charge Borrower for holding and applying the Funds,ennuaUy analyzing the escrow account,or verifyfng
<br /> • the Fscrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender ta make such a charge.
<br />�: . . . Howevrs,Lc,�dci�any r�uira B�trawcr ia pay a anc-t�rnc cl�asgc for an isideg�ndr.�t real estatP t?x s��,.ring cesvice�scd by ,
<br />- I.ender in connec6on with this loan,unlcss applicable law provides otherwise. Unless an apfcement is made or applicablo law _
<br /> 1-�.�' mquires interest to be paid,Lender shall not ba requircd to pay Borrower any interest or earnings on the Funda.Borrower and
<br />= � Lender may agree in wridng,however,that intcrest shall be paid on the Funds.Lcnder shell give to Borrowerv without charga,an
<br /> _'''',�:'Y', � annual accounting of the Funds,showing credits and debits to the Funds end the purposa for which each debit to the Funds was
<br />�.I.��r��,'^�an�`
<br /> r:.�..., made.The Furids are pled�ed as addldonal security for all sums socured by this Securiry InstrumenG
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<br />��- � '"''" If the Funds held by Lender exceed the amounts pem�►iucd W be held by applicable law,Lender shall acconnt to Bomowu for
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<br />_%�_�"��,� the axcrss Funds In accordance with the mquirements of applicable law.If the amonnt of the Funds held by I.ender at any dme is
<br /> `'"� not sufBcient to pay tho Escrow Items when due,L.ender may so nodfy Borrower in writing,and.in such case Borrower shall pay
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<br /> "y'�'���'' to Lender the amount neces.sary to make up the deGciency. Borrowe�r shall make up the daficiency in no more then twelve
<br /> f�ry-r���
<br />--n•��se�p■ . monthly payments,a:Lender's sole discredon.
<br /> ==�_��- Upon payment in full of all sums secured by this Security Instx�ment,Lender shall prompdy refund w Borrower any Funds
<br />----��8�. . held by Lender. If,under paragraph 21.Lender shall acquire or sell the Property.Lendu,pdor to the acguisldon or sale af the
<br /> -����— _-= Property,shall apQly any Funds held by Lender at the time af ecquisIdon or sale as a credit against the sums secured by this
<br /> _--_ - Sccurlty InsuumcnG
<br /> ' 3.Applicatioc o!Paymenta Unless applicable law provides othenvise,s►ll payments roccived by Lu�der qnder paregrephs
<br /> - 1 end 2 shall be appHed: flrst,to any ptepayment charges due under the Note;second,to amounts payable under paragreph 2;
<br /> --"=�,-'�-.,.,,—s-,� ihlyd.w intenst due; fourth,to pcincipnl due;and last,to t�ny late charges due under the Nota.
<br /> ---= � 4.Charges;Lirns, Aorrower shall pay all taxes,assessments,charges,fines end imposidons eqrlbutable to the Propecty
<br /> -- == whicd may auain prioriry ovu this Security Instrument,und leasehold payments or gcound rents.if any.Borrowu shall paY Ihese
<br /> -- obllgadons in the manner provided in paragraph 2,or if not paid in that marmer.�3ocrowu shall pay them on dme djrocdy to the
<br /> ����� person owed paymenG Borrower shall prompdy fumish w I.ender ail nodces of emoants W be paid under thls paragraph. If
<br /> ---���' Bomower mekes these payments directly,Borrower shall prompdy f�unish to I,ender receipts evidencing the payments.
<br /> �_-----� i �orrower shall pmmptly discharge any lien which has pdorlty over ttds Secudry Instrument unless Barrowu: (a)agras in
<br /> _-__._,�_� � wrtdng to tha payment of the obligation socured by the lien in a manne�aocaptable to Lendex,(b)conusts in Sood fsith the lien
<br /> ="`�'�"� by, or defends against enforcement of the lien in, legat proceedings which in the L�der's opinion operate w prevent the
<br /> --����� , enforcement of the L'en;or(c) sesures from the holder of the lien en agreement sadsfactory w I.ender subordinating the llen to
<br /> -�tiy�}F ' � this Secudty Instrument If Lender detsrmines that any pan of the Property�S subject to a lien which may atteh►prtodty ova this
<br /> --- ;'��;� 4 Seciuiry Insuument, Lender may give Borrower a aodce ldentifying the Hen.Bomower shall sutisfy the lIen or tako one or more
<br /> __;I:``' . of the acdons set forth above within 10 days of the givin�of nodce.
<br /> - Form�02�Y/90
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