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<br /> _ ��,LL_..�- � --�� 1.,,,,, 105'76�
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<br /> � TO('�ETNER WITH all the improvcmenta now w hereatkr erected on the property,and all easemente,appurtenances.
<br /> _ _ .. _.___ _ _, and flxtwes now or here�fter a part of the property. All replacements nnd addidon�sh�ll alro bo covered by this Securiry
<br /> Ins�rument. AU of the foregoing is r�fcrred ta in thia Securfty inctrumen�av the"RopeRy." �
<br /> - •...�:�
<br /> BORROWER COVENANTS that Borrower ls luwfuliy sefsed of�he astetc hcreby conveyed und has the�ght to grant
<br /> - and convey the Prop�ty and that the Property Is unancumbered,eacept for encumbrances of record. Borrower wa�rantr and
<br /> "�° will defend generally the dtle ta the Property aguinat all claima cind demonda.subject W any encumbmnces of record.
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<br /> = -- — THIS SBCURI7'Y INSTRUML�NT combincs uniform covenants for natlonal use and non-unifotm covenwnlc wllh --
<br /> •� limited variadons by Jur�sdiction to constitul�u unifortn securily instrument covering rwl property.
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<br /> �° UNIFORM COVENANTS. Harrower and Lender covanent and agree us followa:
<br /> - ���s3� 1. Payment of Principal and Interest;Prepoyment pnd L�te Chargea. BoROwer shail promptly pay whrn due the
<br /> princips)af and interest on the debt evidenced by the Note und any prepuyment und late charges due undei tne Note.
<br /> 2. Ftinds for'Ihxea and Inaurance. SubJect to upplicablc law or to n written wuiver by I.endcr,Borrower shall puy lo
<br /> °--`�--- =�:",,�� L.ender on the day monthly pAyment�are due under the Note,unNl thc Notc is ps�id In full,u xum("Funds")far:(a)yeurly --
<br /> �::� taxes and assessments which may attain prioriry over ihia Security Inxtrument ua a Nen on the Property:(b)yeuly lepsehold
<br /> � .� paymenta or ground renis an the Property, if any; (c1 yeurly haxurd or propeny ingurance premfuma: (d) ycarly Oooa
<br /> ___s_ � insuraace premiums.if any: (e) yeurly mongage inaurunce premlums, if uny; and(�any suma payable by Borrowcr tc►
<br /> _ _ Lender.in accordenco wUh thc provigfana af parngrnph R,in licu af thc puyment af mongagc inaurancc premiumx. Thetic
<br /> -==°;� itemx are called"Escrow Items." Lender may.at uny time,cullect und hold F�nds in an amount nat to exreed�he maximum
<br /> amaunt a lender for u federally rclated monguge loun muy rcyuirc far Barrawer�ewcrow account u�xler thc fedcrul Rcul
<br /> _ _ _ Eswte Setdement Praccdurcs Act of 1974 us umended from lirne 1��limc, 12 U.S.C. �2fi111 er seq.("RESPA"1.unlc»x�nc►thcr
<br /> - -���;-,� Ipw thul upplieK to the Fund�iscts a les�scr umount. If xu.l.cndcr muy.u�uny tim�,rollec:t and hold Fundx In un umoum not io �___
<br /> --� excecd the loxxcr arnount. Lendcr muy es�imptc thc umount uf Fundw duo on thc baxis oP currcnt dota und reuxunubM:
<br />�;-3, :. , 'ri n��:;' e�lfmales of expendiwrca aP future Excmw liems ar athenvixe in uccurdonce wfth upplMubk law.
<br /> ���,°,�' ' .a� The FLnds xhall bc hcld in un inxtitutian whose dcpuvilx ure insured by u fcdcrul ugency, inxtrumentulity,or entily
<br /> -.u7ti . ;.` (including Lender,if Lrmler is Ku�:h an instftution)or i�uny Federul Home Luun Bunk. ll:ndcr shull apply Ihe Funds ta puy
<br /> • the Eurow Items. Lender muy not churge Borrower fbr holding und upplying the Fundr;.nnnunlly nnulyxing the cxcrow �
<br /> '�r+' account,or verifying tho Excrow Itema. unless l.ende�payx Borrower intcrert on tbe Fundx und uppllcuble luw pertnits
<br /> _ �• � '�' Lender to make auch e charge. However,Lender may requirc Borrower to pay u one-time charge for an independenl real
<br /> ° �� ' estate tax repoRing service used by l.ende�in connection with this loan,unless applicable law provides otherwise. Unless an
<br /> _ ,;` • agreement ia mode or opplicable luw requires interest to be paid,Lender�hull not be required to pey Borrowcr uny interest or =
<br /> °F s. eamings on thc Funds, Borrower and I.ender muy ngrce in wriNng,hawever.that irnerest shall be paid on the Funds. Lender
<br /> � � �� �'�. ; shell give to Borrower, without charge,un unnunl accounting of the Funds.showing credits und debits to the Funds nnd the �.
<br /> ,"�" ` _�`�� paepose for which each �ebit to the Funds wA�ma�iP, The Funcic are Qledged as additianul securitv for all sumR secured by —
<br /> h `` � '' , —
<br /> S.... `� ._ this Securiry Inswment. _
<br /> M r ,. � lf the Funds held by Lender exceed the amounts permiued to be held by upplicable Iaw, Lender shull uccaunt to
<br /> y' r•`�`"�•� • Borrower for the excess Funds in acwrdunce with thc rc u�rcmrntx of u I�cuble law. If the umount of the Funds held by
<br /> � , ��•:S 9 � PP�
<br /> `�, ' ` ' Lender ut any time is not sufficient to puy the Escrow Items when duc,Lender may�o notify Borrower in writing, and,in _
<br /> .. ��'.�`:=:.1;;f..' such case Borrower shall puy to Lender �he amount necessury to make up the deficiency. Borrower shall muke up the ___
<br /> • deficiency in no more Ihon twelve mon�hly puyments,ul Lender'.s sole discretion.
<br /> -`�� ' " Upan payment in full of nll sums securcd by�his Securi�y Instrumen�, I.ender shull promptly mfund ro Borrower uny o.,.
<br /> Funds hcld by Lender. If,undcr paragruph 21,Lendcr shull ucquire or sell thc Property,Lender,prior to the ucquihition or �"'°`
<br /> ° ,�% .."�'�_,. sule of the Propeny,shall upply uny Funds held by Lender ut Ihe time uf ucyuisi�ion or�ale as u credit aguinst the sums -
<br /> '"""` �� � ' • secured by�his Securi�y Inxtrument. ��
<br /> "``�`p� 3. Applicatioe of PAyments. Unless applicuble law provides otherwise. nll payments received by Lender under -
<br /> �`�A. ,;-'x�°�" paragraphs I und 2�hull be upplied: tirzl,to:+ny prepayment churgcz ciuc under Ihe Note;second,to amounts payuble under r.;
<br /> " ' ,, ����� parugruph 2;third.to interest due;fourlh,to principal due:und lu.r•t,tu any lute churges due under the Note. ��
<br /> . •��,,:, 4. Chorges; Uens. Borrower shull puy All taxcti, axscs+menls, rharges, flnes and impositions uuri6utable to the
<br /> Property which muy aitnin priority over this Security In,trumcnt, und leasehold payment+or ground rents,if uny. Borrower �;,_,
<br /> � ���� `�, shnll puy these obliga�ionc in thc manner providcd in purugraph 2,or i(not paid in th�l manner.Bormwer shull pay�hem on ___
<br /> t ' time directly to thc penon owcJ paymcnt. Borrowcr sholl promptly fumish to Lendcr ull noticcs of umounts to be pnid under —
<br /> • �'� �"������ P B p P Y Y P P Y P 6
<br /> , �4 � this nru rp h. If Barowcr makes thesc a ments directl ,Borrowcr shull rom U fumish to Lernier recei ts evidr.nrin
<br /> . . ^��`� . the pnyments. �
<br /> • �• •'���� Borrower shnll promptly dischurge uny lien which hns prioritv over this Security Inslrument unles.r•Borrower.lu)ugrees �-:�
<br /> ' `F'• ��. . +` in w�tMg to the payment uf the obligulion securcd by the lien in u munner ucceptuble to Lender.(b)contests in good fuith U�e �••�'
<br /> . .�"^� lien by,or defends against enforcement of�he lien in,Icgal pracerdings which in�he Le�xkr's opinion uperute�o prevent �he 04-
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<br />- ' � , ., ;, enforcemeut of the lien;or(c)secures from the hc�lder of the licn un ugreement sutitifuctory w Lend�r xubordin�ting the lien •.�-
<br /> � t:.. to Ihis Securiry Instrument. If Lender determincs thut uny pan of thr Prop.:ny is subject w a licn which muy attuin priori�y
<br /> •�°° � over this Securit Insln�ment,Lendcr mu givc Borrowrr u notice idcntifying thc lien. Borrower shall sntisfy the licn or take ���
<br /> +'1 ' ° � one or more of thl uctions sc,fonh uhovc within 10 duys of thc giving of noticc.
<br /> . ' S. Har.ard or Property Insurance. Borrowcr xhull kecp the improvcmentx now existing or hercufter crected on the �
<br /> • Property inxured aguin�t loss by fire, ha•r.urdx induded wi�hin thc tem�"extcnckd coverage" and any other huzuniz,including
<br /> . • .• flaods or flooding, for which Lender reyuires imur•rnce. Tl�i� in.uranre shall tx�muimained in the umounte and for the _ _ .
<br /> . Fi�rm102tl 9/90 I/wgr?nfAp�x�.0 �
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