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<br /> TOC3STH�R WITH dl the lmprovemeats now or hereaher erectod on the ro rt , ��� ���
<br /> P P� Y +��11 e�seme n, appurteeunoes,u�d
<br /> tixtura now or herea8er � part of the property, AU repl�cemenu u�d �dditians �hall �lw be covered by thii Secudty
<br /> lnaerumrnt. All of the tore�oing i�reforred to in thii Security Inatrument a the "Pmpeny.`
<br /> BORROWER COVBNANTS that Borrower i�I�wtully uised of the at�te h�reby conveyed�nd hu the ri�ht to�rpnt�ad
<br /> convey the Property uid thu the Property!� wrcncumberod, except for encumbruxseA of record. Borrower wanants�nd will
<br /> defmd�rner�lly the dUe ta the Property�g�li�at dl cl�ims nnd ckmu�d�,�ubJect w any rncumbrrncc�of record,
<br /> THIS SECURI'fY INSTRUMENT cambinet uniYorm coven�nu for naUorul uae uui non-uniform coven�nts with limitod
<br /> vuluiau by Juri�diction to corudtute a uniform�ecurity Inatrument covering rcal pmpeny.
<br /> - UNIFOR�t COVENANTS.&►rrower mcl Lender covenAnt and�roe�follows,
<br /> 1� Ff�yseut ot PrindPd �ad IWa�t: r"sp►ymeat �ad Lnte Ch�ria� Borrower �all promptly p�y when due the
<br /> psincip�l of�nd intarat on the debt evidenced by du Note�nd wy prep�yment and late chuga due under the Note.
<br /> 2.F�uad� ta Taxer u�d Imunna. Subjat to applicable Iaw or to a written w�ver by Lpuler, Borrower�h�ll pay eo
<br /> l.eoder on tbe day monthly paycarnu ue due under thC Note,until tho Note ia p�id in lull.a sum("Fundi")for:(a)yeuly wca
<br /> +wd asuumeau which may utatn pdoHty over this Secudty Lutruma�t u a lien on the Prape�ty;(b)Yeady leasebold p�ymenta
<br /> or�rouad nents oa the Property, if any:(c)Yeu'lY huud or PmpenY inaur�nce premiumr(d)Yeuly flood Insunu�oe prcmium�,
<br /> if�nY: (e)Yeuly mort�e iruur�oce pmmiwna,if u�y� �ud (n any eunu payable by Barrower to I.rnder. In accoM�nce with
<br /> the provitiant of pua�nph B, in lieu af the payment of mortgige insur�ooe premiums.'Itiese items ue called "Facrow Item�.'
<br /> I.e�Wer may,u �ny time, collect md hold Funds ia ui urwunt not to excoed the maximum u�wunt a lender for�fedeNly
<br /> rclued mo�tpge loan nuy requin for Borrower's perow account under ttu foderal Resl F.stue Settleaxat Proc�edum Act of
<br /> 1974 a�uneoded[rom time to time, 12 U.S.C. Secdon 2601 er seq. ("RESPA'),unlai another law tdu�pplia to t6e Funds
<br /> �eu a leuer unount. !f w, Lender may, t�t�ny tirne, collect�nd hold FwMa in�n waoont not to exoeed the lesser uix�unt.
<br /> Lender may atirn�te the aaaunt of Funds due on the buia of curnnt dua aad reasoiuble estimates of expenditures of. future
<br /> F�crow Itunr or atherwiu in sccordance with spplic.�ble l�w.
<br /> The Fwda thdl be held in �n i�ustitutian whose deposits are insurod by a fodernl agency, instrumentality, or �ntiry
<br /> (incl►idin�L.aWer,if Leader ia such ui instinuioa)or in any Feder�!Home Lan Buik.Ltpder sh�ll apply the Fw�da to pay tbe
<br /> Facmw 1tem�•L�eMer auy aot charge Borrower for dulding and applyin�td�Funda� annually uWyzing the escrow accouat,or
<br /> va1t�'la�the Fscrow Iteau.ualess Leader paY: Bor�ower interoat on tbe Ftu��ad applicable law permiu I.ender to tn�lce sudi
<br /> a chuje.Howeva,I.ader may requirc Borrower to pay a one•time chuge for�a indepaident rW estue tax rq�ortin�servke
<br /> wed by I.eoder in connectlon wlth thi� luw. unleu �pplicabie l�w pmvidea oWerwise. Unlas aa �ree►nent u mide or
<br /> �p�pllcable!aM requira iatsrpt to be paid,Lmder stull na be roquired to pay B�mower eny interest or eunln�t on tbe Pundt.
<br /> Borrower md I,.eader m�y �ree in writia�.however, that interat�tull be pxid oa thc Fuad�. I.akkr�tull�ive to Borrower,
<br /> without durje, am m�ual axoubtinQ of the Funds,�howtng crodiu md debits to We Fwnd:and tbe purpose for whkh each,
<br /> deoii io i5e`r�w was m�oe.�ii,e runds ue pled�eA a additiow�l uc�uity for dt wms xcun�d by�dis Sxuriry lnan�mea�. .. .
<br /> If tbe Fuo�L held by I,e�nder eaoeed the�mounq permiRted to be�ield by�ppUcable law,I.eoder sh�ll a000�tat,.Ro.Botrower:,,;�
<br /> for the e�Fundi In�ecordance with the�oquinemnris of applicable I�w. If tbe smouat of the Fund�held Ny�I,ender�t aoy�
<br /> dme is not suf[iclwt to pry the�?tcrow Itena whea due.Lender may�o notify Borrower in wridn�.u►d.ia�c6 c�Le Bono� .
<br /> �6aU pay to Isoder the�mwmt nars�ary ta malce up the deticieacy. Borrower s4�11 mtice up tbe c�eficiaky fn no ma+a thui� .
<br /> hvdve monthly paymenb,at L,aidrPs tole discraion. .,
<br /> V� P�Y� ia full of all wms �tcurod by thi� Secudty Luuumrnt. L.ender �tu1l pmmpdy nlluid to Horrowa aay
<br /> Pund�6dd by L.eader.If,imder p�n�raph 21,L�nda�h�ll aoquire or rell the Property,Lender.prior w t6e�oqni�ition or t�le
<br /> ot the PtoQe�ty, �1!apply aay Fuad�held by L�r at tbe time of acquisitlod a wle a a crodit��t the num�a.veed Dy
<br /> t61s 3�cudty l�ttumeat.
<br /> �.Applhtba of PrTneats.Unleas applicable l�w providei otheryviu,�1t p�ymenti recxived by I.eader uader pu�rapht
<br /> 1 aod 2 �hdl be apptied;Rra, to in!'P�'�PW'�Q��ea due uoder th�Note� �eoond.w amounn payabk unda pan�rapb 2;
<br /> third,to interpt due;foucth,to principal due;wd lau,to�ny lue chu�a due under dye Note.
<br /> 4.Ch�e�es;I.ledt�.Borrower�tull pay dl nx,a, �ueeumean,cbarae�� fina�nd fmpo�itionr mributable tO the P�operty
<br /> whlch uny stWn prbdry over thi:Security InstNmeat. and leaehold paymeau or�mund reati, if�ay. Aormwa�hall pay ,
<br /> thae oblipciai�'9i►tbe m�nner provided ia Pu�rtPh 2�or if na paid ia tbit m�oner, Bomewer�11 pry them oa time dlc�xly
<br /> to tbe peeon oaved payma�t.Bonvwer ahtll P►'omprlY tumish to L.ender dl notioa of amounte w bb.p�id vader this pu�rapb.
<br /> If Borrower twka theae paymenta diroctly,Boaowa�hall promptly furniah to i,ender raeipu evideacin j the paymeats.
<br /> Borro�va ihali Prum�ptlY dlscl�r�e any Ikn which hu prioriry ova thii Savrity Lutmment unleu Hormwct:(a)�re�in
<br /> writin�to the prymeat of the obli�ubn�eaired by the lien in�maoner,�oepuble to I.eoder;(b)ooncqu in�cwd taith the lka
<br /> 65'� or defeAdr a�dn�t wforcemeat af the lka ia. le6at pmceedin��which in the I.ender's opfnion operue w p�evaot the
<br /> eatorxment of the liea:or(c)secura fcvm tLe holder of the Iku�u►aQreanant a�tistacwry to LaiJer�ubordin�tlnt t6e lbn to
<br /> this Secadty Instrumant. [f Leadcr determina tt�t any put of the Property is subjeat to i llen w6ich mry utain prbdty over
<br /> this Security Inatrument, I.eMer m�y give Borrower i notice identifyin�tGe liea.Borrower ahall suufy the llen or take one or
<br /> more of t�e sctiona ut fo�th�bove within 10 drya of the giving of notice. •
<br /> Fonn so2t /90
<br /> ��RINE)Ivi�z�.o� rq.�a e �
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