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<br /> . ��� .. 91- 10575� �__
<br /> �`"�� TppBTHER W1TH all the improvements now or hereafter erccted on 1he property,and wll cascmenta,appuncnunca.
<br /> ---- — and tixturcs now or hereafter a part of the property. All replecements and additians shall olao be coveted by Ihfr Se�u�ily
<br /> ..�- Inctrumen� All of Ihe foregoing ia referred to in thia Secu�ity Instrument as tho"ProperlY•°
<br /> a BORROWER COVENANTS that Borrower iR lawfully aeised of thc eetatc heroby canveyed wid hoa 1hc ri�ht to��t
<br /> -_-- - ,uid convey the Froperty nnd thut the Property is unencumbered.e�ccept for encumbrance�of rccord. Bartowar wnrra�u md
<br /> _- �.� will defend generaliy the tide to the Property agafnst all claim�and demands,�ubJect to uny encumbranres�if record.
<br /> 'r �xr� THIS S6CURLTY INSTRUMENT combines uniform covenunta for nationol uRe And non-unifbrm cnvenanto wlth
<br /> - limlted verladona by jurisdiction to constitute a uniform secudty inxtrument covedn�real propertY•
<br /> - -- -,-�°,.�`��� UNIFORM COdENANTS. Bocrower und i.ender covenent and agree ne follawa: �_ _
<br /> ' 1. Peyment of P�Inctpal wod laterest;PrepAyment and Late Char�es. Bortower shall promptly pay when due Uio
<br /> �"r``� ' principal of and interest on the debt evldenced by the Note and any prepayment and late chprges due under the Note.
<br /> -=_�`y :� 2. �nde Por 7bxes nnd Insurance. Subject lu applicablc law or to a wrltten waiver by I.ender.Borrower ahall pay In
<br /> �' '� Lender on thc day monthly payments are due under the Note,until thc Notc is paid in full,a sum("Flinda") for:(u)yearly
<br /> `°''� ��, taxes and aasesaments which r�ay attain prio�ity over this Secu�iry Instrument ax a lien on the Praperty:(b)yearly lcacehold
<br /> -��i�:�;�, ' payments or ground rents on ihe Property. if any: (c) yearly hazard or property inaumnce prem�uma: (d) yearly tlaod
<br /> �°_� -= insurance premiums. if any; (c)ycarly mortgage lnsurance premiums,if any; und(�enY sums pnyAMe by Borrower to �
<br /> -=-` Lender. in accordenec with the provisions of pazagraph 8,i�lieu of the ppyment of moRgage insurance premiume�. These
<br /> �_'°`'��,�.:, items are culled "Fscrow Items." Lender may,at any time,collect and hold Funds in en amount not to exceed the maximum
<br /> ��;�� amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federel Real
<br /> _-�w' �'+ Eslate Senlement Procedures Act of 1974 as amended from time to time,l2 U.S.C.�2601 et seq.("RESPA"),unless another
<br /> ,�=-` law that npplies to the FLnds sets a lesser amount. If eo,Lender may.at any�ime,callect and hald Funds in un anount not to
<br /> `�� eaceed the lesser amount. Lender may estimate ihe amount of Funds due on the basis of current dew end ncaronoble
<br /> .�';�.-� estimates of eapenditures of futu►e Escrow Itema or otherwise in acwrdance with applicable law.
<br /> � -��'°���'�'• The Funds shall be held in ao inatitudon whose depositx arc Maured by e fcdcrul agency, instrumentality, or entity ___
<br /> --=u�`-�� (including L.ender,ff Lender is such an inslitution)or in any Federal Home�oan Bunk. Lender shull apply the Funds to pay
<br /> - `- '�===' ; the Escrow lums. [.ender may not charge Borrower for holding and applying the Fundx, sutnually anulyzing the escrow
<br /> '�'�`'• account.or verif in the Escrow Items, unless Lender pays Horrower interest on the Funda und applicablc law permfts
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<br /> - Lender to meke such a charge. However,Lender may require Barawer to pay a one-time cherge for un independent real a_-
<br /> --��� ��' w�� ,`..• ' estate tax reporting service uFed by Lender in connection with this loan.unless applicable luw provides otherwine. Unless an _
<br /> -- ==�=-+{�'� . , agreement is made or appliceble lew requirea interest to be paid,Lender shull not be reqnired to pay Bortowcr any in�crext or _
<br /> �'i�"' � ��� earnings on�he Funda. Barrower and Lender may agnee in writing,however,that interc��shall be paid on the Fundg. Lcnder ___
<br /> .� .,:. •,,.
<br /> -�'�'" � '�'-'�� shell glva to Borrower,without charge,an annual accounting of the FundR,showing credi�s and debits to thc Funds und�he
<br /> ��•°�-°•` purpose for which each debit to the Funds was mnde. The Fund�are pledged as additional security for ull xums secured by �
<br /> ��": ':• "-' this Secudty lnstrument.
<br /> -. � ��+�' If the Funds held by Lender exceed the amounts permitted to be held by applicuble luw. Lender shall uccount �o _
<br /> - �'�'�"'� Rormwer for the exces�runds in accordance with the r�quirements of applicabk law. If the amount of the Fundx held by
<br /> ;��,�,, , ' Lender at aay time is not sufficient to pay the Escrow Items when due,Lender muy so notiiy Hurn,wC� in wriiisg,and,in -
<br /> ,,,� such case Borrower shall pay to Lender the amount necessary to make up the deP�ciency. Borrower shall muke up Ihe
<br />`��it'� ;� '' � deficienry in no more than twelve monthly paymentx,a�Lender's sole discretion. �_
<br />-r 4,��,: � '' '" Upon payment in NII of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower uny "
<br />-�-��� _ Funds heW by Lender. If,under paragraph 21,Lender shnll ucquire or sell the Property,Lendcr, prior to thc acquisition or ��:`
<br /> �t . � � snle of the Property. shall apply any Funds hcld by Lender ut the time of acquisition or sale as a credit againat the sumx
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<br />;;,.�`�'. �� secured by this Securiry Inswment. -
<br /> ��`� •` �• 3. Applicatlon of PAyments. Unless upplicuble law provides otherwfse, all u ments received by Lender under �..__,
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<br /> y-��T�' ' �� ti• nra ra s I and 2 shall be n hed:first,to An re u ment char eti due under die Note:xecond, to amounts puyable under -�-__
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<br /> .�� �'•. • �� paregraph 2;Ihird,to interest due;founh,to princlpal due;and last,to uny late charges due under the Note. �:=
<br /> T_t. , 4. Chprges; Llens. Borrower shail pny nll taxes, as�exsments,cherges, fines and impositions attributable to the __
<br />�"`-Ts. ��„ti. property whkh may attain priority over this Security Instrument,and leasehold payments ar ground rents,if uny. Borrower s.=.
<br /> -;�'�•i .'"�-y `, s h all pay thesc oblf gations in the manner provided in paragrnph 2,or if not paid in that manner.Borrowcr shall pay them on =
<br /> :",�`A�� '���4• time direcdy io the person owed payment. Borrower shall promptly furnish�o Lender all notices of umounts to be paid under _
<br /> `� " "'' this arn ra If Borrower makes the4e payments directly,Borrower shall promptly fumi,h to Lender receipts evidencing
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<br /> -:• �;.,a ,: the payments. _----
<br />- _�:�;;""�:;'.,�;,.' . Bmrower shall promptly discharge any lien which has priority over thix Security Instrwnent unless Borrower:(a)ugrees
<br /> -_•"�"°���-� in writing to�he payrnent of the obligation secured by the lien in u mnnner acceptable to Lender,(b)contests in good fuith the
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<br /> � • lien by.or defends agninst enforcement of the lien in,legul proceedings wNich in the Lender'.s opinion opernte to prevent t e
<br />';'ui;��Y � enforcement of the lien;or(c)secures from the holder of the lien un agreement sutisfuctory tu Lender subordinating the lien "'.._
<br /> -"�,�^�-.:� � to this Securiry Instrument. t(Lender determines that uny part of�he Propeny is subject ta u lien which may atu+in priority �:•,,_;.
<br /> � .,^` �' over Ihis Security Inslrument,Lender may givc Bortnwer a noticc identifying the licn. Bortower shull satisfy the lien or lake �
<br /> � '•;�, one or more of the uc�ions set forih nbove within l0 days of�he giving of notice. �iyj;_
<br /> - • " S. H�rd or Property Insurance. Borrower shull keep the improvements now existing or herenfter erected on the �•�-
<br /> : �• �y;., , property insured ogainst loss by fire,hazards included within the term"extended coveruge"und any other hazards,including w.,
<br /> tlooda or tlooding, for which l.ender requires insurance. This insuronce shall be mnintuined in Ihe amounts and for the -'-°
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