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<br /> . 8428858
<br /> ' LOVH
<br /> , . � ' ; �c•RECOfi�O�tJ g�.� (� �]'�
<br /> • ' . UNIFORM COVBNANI'S. Barrower and Lettdar c�otia�aa�me as foilows: 98��� ��
<br /> � 1. �aymQnt of PrinciQnl and Ic�ter�st:�'egayment wnd Lute Chaeses. Borrower shall promp y p�9 wnen ue
<br /> the principal of and intcrest on the debt cvidenaed by tha Note and any prepay�ttent and late chsuges duc under the Note.
<br /> 2. Fundg for Toxes nnd Imsurance. Sut�act to upplicable law or to a written wniver by l.cnder.Bonower sh�ll
<br /> pay co Lsnder oa the dny monthly paymenta are dua undar tha Note.umil ehe Note ia paid in full.a aum('Funds")for:
<br /> (a)yearly taxes and ussessments which may attnin pri.arity over thls Sauriry Instrument as A lien on che Propeny;(b)yearly
<br /> • � ' Ieasehald paymenis or ground rent� on tha Properry,if nnKc d�a)yearly hazard or propeny�nsurance prrmiums;td)yearly
<br /> -� � � , 800d insurance pmmiums, if any;(e)yearly macrgage Inea►ra��ue premiwns. if any; and t��y sums payabk by Borrowor _
<br /> ° to L.ender. in accordunce w[th the grovisions oP pataBraph 8,la lieu of�he payment of moRgage insurance premiums. These �,:;
<br /> _��,� items are called"Escmw Items.' l.ender may, at un��time,collect and hold Fuada la an amount aot to eaceed the maximum ;_:-
<br /> �: amount a lender for u federally related mar�gage loan may require for Borrowvr's escraw uccount under the federal Re,�l �:;'
<br /> - Estaze Settlement Procedures Act of 199A as amanded from dme to time. 12 U.S.C. § 2601 et seg.("RESPA').unless
<br /> ' another law tdat appticis to the F'unds seta o lass�r amouat. lf so.l.ender may.at any ttme.coliect aud hdd Funds in an =
<br />_ � amount not to eaoeed tha !esser amo►uu. Lendar mt�esWnate the a�nount of Funds due on the basis of cument duta nnd
<br /> „ . � � reasonable estimates of eRpenditus+es of futut�x Esatniv.�Itams or otherwtse in accordance with applicabls law. --
<br /> The Funds shall be deld in an Inst[tudan•wbatx�dapasits are insumd by a Federal agency.insuumen�ltty,or eatity
<br /> (iacluding Lender, if l.en dar [a such an in�tittttion), or itt�cn��Federai Home Loan Bank. Lender shall apply the Funds to _
<br /> ; �� pay the Escmw ltems. Lender may not char(3e Borrowar for,hotding and applyIng the Fuada.annuaily analy�la�the escrow
<br /> . � account,ar verifying the Fscmw Itams,wdass Lendpr gays Borrower Interest on the Funds and applicable law permlta Lend-
<br /> �'• er to make such a chatge. I�Ilowever, l.endar ma7t reqyire Borrower to pay a one-time charg@ for an independeat real estate
<br /> �.�� tax reporting service used by Lender in conasction�wiih this loan,ualess applicable law provtdes otherwise. Unless an agree-
<br /> - � . . .�;,,l;, ment is made or appllcabl8!aw requir+�s inter�est to be paid,Lender shaU aot he mquired to pay Borrower any interest or eam• -
<br /> };:,. ' �� '�•:.-.'�` iags on the Funds. Borrowsr and I.ender maya$c�e in wr(ting. however, that iaterest shall be paid on the Funds. Lender ^
<br />'.:",..,, ••i � shall give to Borrower, without char�a,aa.annual accounting of the Funds, showing credits and debics to the Funds and the
<br />__`,�:�� pucpose for whtcb�eash dabit to tha Funds was made. 7'he Funds are pledg�d as additional securlry for all sums secured by "
<br /> �•�a,f �: tpis Se�urlty Insrivment.
<br /> K . If the Funde hald by I..ender exceed the amounts permitted to be held by applicable law.Ixuder shal!a000unt to Bor-
<br /> � ` ': mwer fcr We oxcess Fuads in• acco�+daace with the re9uirements of applicable law. If the am�nat of the Funds held by __
<br /> =.. " I.ender at any tima is nat sufHaieat• to•.pRy ths Escmw Items when due.Lender may so notlfy Borrower in wrlting,and.in
<br /> ` ..�._ _ such casC Borrower shall�.pay to Lenc��r che azuount necessary to meke up the deficiency. Borcower shaU make up the de-
<br />_,_.-.�_ - - • ficiency'ut•�►o mo�tdan,twalve moad�ty•payments.at Leader's sole discr�tion. _
<br /> • �'� ' Ctp��u paymenc� ia,fu1P of atl swns secured by thts Sewrity Instruma►t,Lender shali prompdy�+efuud to Bocmwer
<br /> ;',,.;,:,•.
<br />��- . �. ��;,�t' aay�mi��k��ld by d�der. ;@.ua�er pasagraph 21.Lender shall acquire or sell the Property.I ender.prior to the acquisieeon
<br /> - � +.• 'r,�� �.�1.
<br />}, . or sale of the Pro��jt�sha11�siy Any Funds held by Lender at the time of acquisttion or sale as a credit age[nst the aums
<br />•,?..: . ',.. secund by ti�s Secauo.t�r IInstrumeat. � —
<br />-�i.'.=•�-.'' �, � 3. Appllretton of Payments. Unless applicable law pt+ovldas otflaerwise, a11 Payments receive.al iry LEnder uatler �
<br /> ••F•»- '� • � paragraphs 1 and 2 shall be appli�d: firat, w anY prepayma�►t charges due under the Nots;second,to anYOtmts payable un-
<br />� ..: :'%• � der p�ragraph��:thtrd,to interest due:fourth,to principat due: and 1ast,w eny tats charges due under thB Not�.
<br /> r�'�'"'�+� 4.+ Cbfst'ges: Liens. Borrower ahall pay all ta�ces, assessmente�chazSe�s.fines and impositions•at�'ibutable to the
<br />�.. '•.• ProPertY',•wbich may attaia priorlty over this Security Instrument,and leasehold paymenta or gmuad renta. if any. Borrower
<br />-�•.. .,.. �.:
<br />- shaU �pAy these obligations in the manner provided in paragraph 2,or if aot paid in that manner,Botcower shall pay them
<br /> i1�n,;,�,;,z� oA�•timE di�ctly to the person owed payment. Borrower shall protnpdy furnish to Lender all nodces of amauats to be paid
<br />-�;=.:���5 ur�d�thisi paragraph. If Borrower makea these payments directly. Borcawer shall promptiy fumish to I.ender receipta evi-
<br /> ...,,�-_,�:�;,r•�,r; .. den�ii��thd payments.
<br />-—:y�.:�!j{Y d,S .
<br />_qK �.�`r ,Bprnn�ver shatl prompdy dischazge any lien which has priority over thia Security Instrument unlesa Borrower: (a)
<br /> .s,�!1''� �,., --
<br />�.:,!: ��d�' agnees in.writiag to Phe�aymeat of the obligation secured by the lien in a manner acceptable to Ixnder; (�)coatests�n good _
<br />-- ,,�_,- '
<br />'�fY'.�;;:.__,,,;. faith�thg ticn by.or defends against enforcement of the lien in. legal praceedings whlch in the Lender's opiaion operate to
<br />,�;�:r„�;;t,=, _ pmv�mt•the enforcement of the lien; or(c) secures from the holcler of the lien an agreement satiefactory to L.ender subar-
<br /> -_-y%�y-��-^" dln�ting the lien to this Security Instrumeat. If Lender detemrinas thst any part of the Property is subject to a 1ie�.which
<br />-_.�;.,..�".�
<br />��F,;; may attain priorlry over this Security Iastrument, I.endar may give Borrower a notice tdentifying the lien.Born�wer shall __
<br /> �=�-=-�� satisfy the lien or take one or more of the acdons set forth above within 10 days of the giving of notice.
<br />—�-�..�-,--•� 5. Hazard or Propeity Insurance. Borrower shall keep the improvements now exisdng or hectafter erected on
<br />�.�►�w�.� ..•.. °,.,ti
<br />,�y�,�,�;�f. '...:�.. the pmpertyr �nsured against loss by fire, ha�ards inciuded witbia the cerm"extended coverage"and any other hazards.
<br />_-�_.,K,,� ...+:� . including floods or floaling, fmr ahicL Lender requic+es insunace. Thie insuraace shell be maiatained iu ihe amotatts'and
<br /> for the periods that Lender requia+es. The insurance carrier Provlding the insurance shell be chosen by Boirower subject ro
<br /> - . � Lender's appmval which shall nmt be unreasonabIy withhcld. If Bonower faits to maintain covenge descrlbed above,Lend- ..
<br />-_I � er may.at I.ender's option,o6tain coverage to protect Lendet's righta in the II>mperty in socordance with paragraPh 7.
<br />--1' ' �+.
<br /> All insurance policFes and cenewals sLall be acceptable to Lender and shali include a stendard arortgage clause. Lsmd-
<br /> er shall have the right to hold the policies and renewals. If Lender requires.Borrower shall pmmptly give w Ixndet all r�
<br />- �= ceipts of paid premiums and renewel aodces. In tho event of loss, Bor[ower shell give pmmpt uotiCe to t6e inn+ran��_
<br /> • ' rier and Lender. I.ender may make proof of loss if not made prompdy by Borrower.
<br /> � Unless Lender and Bonower othetwise ag�+ee in writing, irnsurance pmceeda shall be applled to c+estoration or repair =
<br /> , � of the Ptoperty damaged. if the restorauon or repair is economically feasible and I.ender's security is not lessened. If the _-
<br /> :r'•�:�:..� S restoration or repair is not economically feasible or Lender's secudty would be lessened,the insurance proc�ecis shall be =..
<br /> -.--,.«�- aPPlied to the sums seCUred by this Secutity Iosirumelit,watcmeror not wen due.wicn�y exasa paiu iv a.;iiv:rai. ii�-
<br />- •� rower abandons the Property. or does not answer within 30 daya a nodce tt+om L.cnder that the iasurance cartier has offered
<br /> � to settle a claim,then I.ender may collect the insurance proceeds. LRnder may use the pmc,eeds to mpair or restur� tfie Pro-
<br />�• perty or[o pay sums secuc�ed by this Securiry Insuument,whether or not then due. The 30-day period will begin when tha
<br />- notice is given.
<br />- Unless Lender and Borrower ot6erwise agree in writing. any application of pmcx�ds to priacipal shall aot extend
<br /> or postpone the due date of the moathly payments referred to in paregcaphs 1 aad 2 or change the amount of the payments. _
<br /> ' " " If under paragraph 21 the Property is acquiced by Lender, Borrower's right to any tnsurance policies aztd proceeds resulttng _
<br /> 1 242019(I/each RrUt)t I2/93)120I921 Fo�m 1028 9l90 (pt¢e I of 6 pu�eal _
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