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<br /> '!'D4E1'HER WI1H a!!sl:e lnsprovem�n�+�nn�v or hereafter eroctod an We PropeAY.Wnd�I wpPuACn�nces,
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<br /> - and flxwres now or hereafter a part of the property. All rcplacements and additions ahall also bo caverod by thts ry _
<br /> `y'':� In�trument. All of the foregoing ia refemed to in this Secudry lnaavment as thc"1'roperty."
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<br /> = HORROWER COVENANTS that Bormwer is Iawfully seised of the estate hereby convoyed and has the right to grant
<br />� �r� and convcy the Property and tlwt the Pmperty is unencumbered�except for encumbrnnces of record. Borrower wanantr and
<br /> �-��� will defend generally the tido to the Property againat all clafma and demands,subJect to uny encumbrances of record, __
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<br /> Y TH1S 3ECURITY INSTRUMENT combines uniform cuvenants far national use and non-uniform covenanw w
<br /> ;� limited variationa by jur�sdicdon to constitute a uniform security inswment covering real property.
<br /> � UNIFORM COVENANTS. 9orrower and Lender covenant and agree as followa: a when due the
<br /> - ��v., 1. Payment ot Principsl and Interest;Prepayment aad I.Ate CliuQes. Borrower shall promptly p y
<br /> __��--*� principal of and intcrest on the debt evidenced by thc Note and any prepuyment and late cherges duc under the Note.
<br /> _ __� ^!__- ;''� 2. Fbndo�or 7hxes oad lnsurs�nce. Subject to upplicable law or to a written waiver by Lender,Borrower shall puy ro `--
<br /> e: Lender on the day monthly payments sve duc under the Note,until the Notc is paid in full.a sum("Funds")for.(a)yearly
<br /> taxes and assessmcnts which may attain priority over this Secu�ity Instrument as a lien on the Property:(b)yearlY lea�ehold
<br /> `::::�:�:_"_� payments or ground rents on the Property, if any; (c) yearly hazurd or property insurnnce premiums; (d) yearly flaod
<br /> � T insurance premiuma, if any; (e) Yearl y mortgage insurance premiums, if any; and (� any sums payable by Borrower to
<br /> T.��::,,;�:�-:_'�; l.ender,in accordence with the provis ions o f paragra p h 8,in lieu of the payment oF mort ga gc insurnnce premiums. These c�
<br /> �--="� items are celled"Bscrow Items.' L.ender may.at any time,collect and hold Funds in an amount not to exceed the maximum
<br /> ;�,_�� amount u lender for a federally related moAgage low►may requi� f'or Borrowers escrow account under the federal R$al —
<br /> Y.� , Estate Settlement Proccdurea Act of 1974 as amended from time to time. 12 U.S.C.$2b01 et seq.("RFSPA"),unless another i
<br />_ '�" ��`�,,� law that applias to the Funds sets a lesser arnount. if so,Lender may,at any time,collect and hold Funds in nn amount not to
<br /> � excecd the lesser amou�t. Lander may estimate the amount of Funds due on the basis of current data and reasonable �
<br /> _r� ,' estimates of expenditu�es af future Escrow Items or otherwise in accordence with applicable law. �.
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<br /> � -�F�!+�•�^ The Funds shall be hcld in an institution whose deposit� are insured by a federai ngency, instrumentality,or entiry
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<br /> t•.•!k.�.�=t:. • (inc lu d ing L.cn der,i f I.e n d e r I s s u c h a n i n s t i t u t i o n)o r i n a n y F e d e r e l H o m c L o a n B a n k. L.e n d e r s h u l l a p pl y the Funds to pa y �_
<br /> Ihe Escrow Items. I.ender may not cherge Borrower for halding and applying the Fbnds, annually analyzing the escrow
<br /> k,��:s�°F accaunt,or vedfying the 8scrow Items, unless Lender pays Borrower interest on the Funds and appiicable law permits
<br /> �u., :�. Lender to meke such a charge. However, Lender may require Borrower to pay a one-time charge for un independent real --
<br /> , , � �`"V estate tax reporti�g service used by l.ender in connection with this loan,unless applicable law provides otherwise. Unless an �
<br /> �:��.� agreemen t is m a d e o r a p p l i c a b l e I a w re q u i r e s i n t e r e s t t o b e p a i d,L c n d e r s h u l l n o t b e r e q u i r e d t o p A y Borrawer en y interest or �
<br /> �:`:'�`':� � eamings on the Funds. Borrower and l.ender may s►gree in w�iting,however,that interest shall be paid on the Funds. Lender `-�"
<br /> `�trr"�!� shall give to Borrower, without charge,an annual accounting of the F un dg,s howing cre d its an d d eb i ts to the Funds and the
<br /> ! �.�. •-� ���for which each debit to the FLnds wes made. The Funds are pledged as additionnl securiry for all sums secured by
<br /> ,"` ; ': this Securi Inatrument. --
<br /> � K.��.�. .•o ty
<br /> � �� If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shail account to �_
<br /> ' �`. � � � . Borrower for the excess Funds in uccordance with the reyuirements of applicuble law. If the amount of the Funds held by _
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<br /> . Lender ut eny time is not sufficient to puy the Escrow Items when due,I.ender may so notify Borrower in writing.and,in L�'_,
<br /> �,,;:�; �, , . such case Borrower shull puy ro Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly payments,ei l.enderk sale discretion. ___
<br /> �� "�� �� Upon payment in full of all sums secured by this Security Instrument,Lender shnil prumptly refund to Bortower any �
<br /> � Funds held by Lender. lf,under paragruph 21,Lender shall acyuire or sell the Praperty,Lender,prior to the ucquisition or _
<br /> �• •��"` sale of the Piroperty,shall apply siny Funds held by Lender at the time of acquisitian or sale as n credit ugainat the sums
<br /> ' �y�F ��� • secured by this Security lnswment. �`'�=
<br /> " ' 3. AppUeation of Paymenis. Unless u licable law �ovides otherwise, nll a ments recefved b Lender under z,_
<br /> • .,�;� Pp P P Y Y F '
<br /> ,��. '.. ' paragraphs I and 2 shall be upplied:first,co uny prepayment churges due under the Note;second,to amounts payable under _
<br /> ^�'��'`' � paragrnph 2:third,to interest due;faurth,to principal due;and lust,ro nny late chargeg due under�he Note. _-
<br /> � "'' ^ � ° 4. Charges; Uena. Borrower shnll pay uli �axes, asxezsmenis,chargcs, fincs ond impositions uttributable ro the _,:__
<br /> '`��' "� ' Property which muy attain prioriry over�his Security Instrument,and leasehold paymcnts or ground rents,if any. Borrowcr -.-.
<br /> �`����. � • shall pay these obligations in the mnnner provided in parngraph 2,or if nat puid in that manner,Borrower shall pay them on �"
<br /> time direcQy to the person owed puyment. Borrower xhall prompdy fumish to Lender nll notices of umounts to be paid under R• �'
<br /> �+�r• this paragraph. If Borrower mekes these payments directly, Borrowcr shall promptly fumish to Lender receipts evidencing e
<br /> ��� x the payments. ---
<br /> , ;r�a, , �� Borrower shall promptly dischargc nny lien which has priority uver this Security Inatrument unless Borrower:(st)ugrees
<br /> ' ;x..i:;td..>..: �-. . in writing to the payment of the obligution secured by thc lien in u munner ucceptuble to Lender,(b)contests in goad faith Ihe �'-_;;
<br /> • " a lien by,or defends against enforcement of the lien in,leg�l proceedings which in the Lender s opinion opernte to prevent the �-�
<br /> � •:��:w�;.;:..,� enforcement of the lien;or(c)secures from the holder of the lien un agreement satisfactory to Lender subondinating the lien �='�`
<br /> � • to this Security Instniment. If Lender determines thut uny pnrt of the Property is subject to a lien which may attuin priority ���`
<br />�• � �•"� ,. � over this Security Insdument,Lender may give Borrower a nwice identifying thc lien. Borrawcr sh�ll sntisfy the lien o�take
<br /> ' one or mote of the actions set fath above within 10 days of thc giving of notice. ,,:�
<br /> ' ° 5. Hazard or Property Insurance. Borrower shull keep thc improvements now existing or hereAfter erected on the
<br /> ' Property insured ngninst loss by fire,huzards included within the temi"eatended coverage"und any dher hnzurds,including
<br /> � , •• �. floads or flooding.for which Lender requires inxurance. This insurunce shnll be muintuined in tt�e umounts and for ihe
<br /> . Form3028 9/90 I►x+Kr7oJa�prsl
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