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<br /> J��� 01_ 106253
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<br /> �! TO[367'HEIt 1VITH s�ll the improvemcnta now or hereuRer erccted un th�property.und u��en+�emeniq,appunenances,
<br /> �nd fixlurc�nc+w or hemaftcr a p�ut of thc property. All replacements ancl additiona shall al�o be covered by this SecurltY
<br /> - - uatrunm�t. Aii viiiii:f�'C�}alr�g is tcfc�srr!!o fn tlt3a SecurEty Inwn�men[as the"PrWkr►Y•" �_
<br /> a BORROWBR COVENANTS that Bortower ig lawfuliy seised af the es�ate hcrcby convcyed and hps the�ight to gront 4
<br /> - and convey the Pmperty and that the Property is unencumbercd,except for encumbrunctx af record. Bonower warrunte a+nd -_
<br /> � � will defend generally the titk to Ihe PropeKy against�II claimr und demanda.subjert lo any encumbruncex of recurd.
<br /> °-------_--- _---� 'iHiS SECURiTY iNST'RUMBNT combincs unifarm cavrnant� for nntionnl u�:e ond non-uniform cnvenamr witF� F___
<br /> 1lmited variotione by judccficdon to conrdtule a uniform secu�ity in�trument wve�ing re�l propehY•
<br /> � UNIFORM COVENAN'I'S. Bartower and Lender covenwn and agrce Aa followx:
<br /> ,a 1. Pwyment ot Prindpal aad Interest;PrepAymenl and I.Ate Chorgea. Borrowcr ahall pramp�ly pay when due the
<br /> � principal of and interest on�he debt evfdenced by the Nate and nny prepayment pnd late chnrgea due under the Nnte. _
<br /> ----"'.:� 2. F�unda tor 71�xes ond InsurAace. Subject to applicable law or to a written waiver by Lender,Borrawer shall pay to _
<br /> __ _ -_�,�� Lender an the day mon�hly payments ure due under thc Note,unlil the Note is paid in full,u sum("Flinds")far:(a)yaarly �s
<br /> � taxes snd asscssment�which rnay pttain priaity ovcr thie 5ecurity Instrument as a lien on the Property;(b)ycarly leosehold
<br /> -- ' paymenta or qround nmts on the Property� if any; (c) Yearly hnzard or properry inaurance premiums: (d) yearly flaod _
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<br /> y insurance premiuma. if any; (e) yearly mortgage insurance premiums,if any: und (� anY sums pnyuble by Borrower to �---
<br /> ---�,�'''� Lender.in accordance wl�h the prc►visions of paragrnph S. in lieu of the payment of mortgage insurance premiums. These -
<br /> :.-�a�rs}�� items are called Fscrow Items. Lender may.at any time,callect and hold Funda in an amount not to exceed the maximum
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<br /> _�,,, simount a lender for a iederally related mortgage loan may requlre for Borrower's escrow account under the federal Real
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<br /> .�,.,., , Fstate Settlement Procedures Act of 1974 as amended from Ume to time,i 2 U.S.C.�2601 et seq.("RESPA"),unless ano er —
<br /> - , .--=�.;�� .. !aw that npplieg to tha Phndi seta a lesscr amount. If so.Lender may,ut ony time,collect and hold Flinds in an amount not to
<br /> _ __�. " eaceed the lesser amount. Lender may estimete the amount of Funds due on the basis of curreat duta and reasonable i -
<br /> � est�mntes of expenditures oi future F.scmw Itema or otherwise in accordance with applicable law.
<br /> �y,p`,.� i,.
<br /> .y,�jLy� The Funds shnll be ixld in an inatftution whose deposils are insured by a federal agency, inslrumentality. or ent ty -
<br /> �;,.;.,,: ; (including Lender,if Lender is such an institution)or in any Federal Nome Loan Bank. Lender shall apply Ihe Funds ro pAy ���
<br /> `���,,, .,� � the Escrow Itema. Lender may nat charge BoROwer for holding and applying Ihe Fun�ls. annually unalyzing 1he escrow -_
<br /> �i��;.�,„ , account. or verifying 1he Bscrow Items. unless Lender pays Borrower intereat on the FLnda und applicable law permits _�
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<br /> �:�:,-:. •-- ' Lender ta make sucb e chuge. However,I.ender may requit�c BoROwer to pay a one-time chnrge for an indep�ndent real
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<br /> _ ----•� esttite tax reporting service used by Lender in connection with this loan,uoless applicable law provides otherw se. n ess an _
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<br /> ��-•:_:,�_'�'y�, agreement is made or applicable law requires interest to be pald.Lender shall not be required to pay Barower any interest or �
<br /> ����•`�``:y=~ •� ' earnings on the FLnds. Borrower and Lender may agree in writing,however,that intcrest shall bc paid on the Funds. Lendcr _
<br /> '�=°���'��-",�,� shall give to Borsower,without charge,an annunl acrnunting of the Funds,showing credits and debits to the Funds and the -
<br /> ---�•.:�+7dl�rs�-� purpose for which each debit to ttie FLnds was mada. The Funds are pledged a4 additional securiry for sdl Kuma secured by ��
<br /> _�_ - ihis Sccurity[asuumenG
<br /> `.,�.� �r � " If the FLnds held by Lender eaceed the umounts permitted to be held by applicable law, Lender xhall sccoun[ [o
<br /> „..�w �+.• Borrower for the excess Hinds in accordance with the requirements of applicable luw. !f the amount of the Funds held by
<br />-���• ' ' L e n d e r a t a n y t i m e i s n o t s u f f i c i e n t t o p s�y t h e E s c row I te ms when due,L.ender ma y so notify Borrower in writins,unJ,in __�
<br /> �••:-."1�'_• • ' � such case Borrower shnll pay ro Lender the amount necessary to make up the deficiency. Borrower shull ma ke up t he �,�
<br />_ --���. "�,.'•;� deflciency in no more than twelve monlhly paymentc,at Lender s aolc discretion. _�_
<br /> �`°�'�' ' Upon payment in full of ull sums secu�ed by this Security Inst[ument,Lender ahull promptly refund to Borrower any
<br />.�i�,�`'°�;y.�:�rn�.,� � �_,
<br /> _�._� , �. Funds held by Lender. t f,under pnrngraph 21,Lender shall acquire or sell the Property,Lender,prior to the ucquisition or
<br />�,��r_�,, sale of the Properry,shall apply any Funds held by Lender at Ihe time of acquisition or sale ax a credit ageinst the sums _
<br />_� ro�,°:�: seeured by this Securiry Instrument. _
<br /> -- - ��� 3. Applicatlon of Payments. Unless npplicuble Inw provides otherwise, ull pnyments received by Lender under
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<br /> " �'° ' ara ra hs I sind 2 shall be u I�ed:first,to t►n re a ment chnr e�due under the Note;second,to amounts payable under
<br />..'�.��•� -•.,__';. P 8 P PP� Y P P Y B � —.
<br />�_. , paragrnph 2;third,to interest due;fourth,to principul due;und last,tu uny late charges due under the Note.
<br /> - k"'�" 4. Cbar�es; Uena Borrower shull pay all tnxes, asscssments, charges, flnes und impositions uttributable to the
<br /> =''��Y� � `�' Property which muy anain prioriry over this Secu�Iry Instrument,and leasehold payments or ground rents,if any. Borrower �-_
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<br /> -_� :, ,s,�.,.x,ti„„ shall pay these obliga�ions ln the manner provided in purugraph 2,or if not pnid in that munner.Borrower shnll pay them on
<br /> time direcUy to thc person owed payment. Borrower shall promptly fumish to Lender ull noticcs of nmounts to be paid under
<br />-r,. ..�.�...���. �y this pnrngraph. If Bormwer makes these payments directly,Bortower shall pronipdy fumish to Lender receipts evidencing
<br /> _'��"=�= ' ° thepayments. -_
<br /> '_���'.,. :• Borrowcr shnll prornptly discharge uny lien which hns priority ovcr this Security Instrument unless Borrowcr:(�)ugrees �:
<br />"`"�'��' in writing to the payment of the obligetion secured by the lien in u manner ncceptable to Lender,(b)wntests in good faith the _
<br />,-'°�'��`"`� • lien by.or defends agefns�enforcement of the lien in,legul praceedings which in Ihe Lender c opinien operate to prevent the k=::
<br /> �^� � '•„ � " enforcement of the lien; or(c)secures fram the holder of�he lien an ngreement satisfactory to Lender subordinating the lien
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<br /> ,�� ' ' to this Security Inswment If Lender determines thut uny part of the Property is suBject to a licn which moy nttain priority ��
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<br /> �����r'-:' over this Security Inswrnent,Lender muy give Borrower u notice identifying the lien. 8orrower shull sutisfy the lien or take
<br /> . one or more of the Actions set forth above within 10 days of the givin�of notice.
<br /> � 5. Hazs►rd or Property Insurance. Borrower shull keep�hc improvements now cxisting or herenfter erected on the
<br /> � � ', property insured against loss by�rc,hazurcis included within the term"extended coveruge" and uny other hazards,including �
<br /> floods or tloading. far which Lender requires insurunce. This insurunce shall be muintaincd in the umounts and for the -r�
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<br /> . . . � � Form 30lB 9/90 I/k+xe 2 njn�wResl
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