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<br /> ;�ti�� 'fOGETHPR WITH all thc improvert�entr now or hercaf'ter ercctcd on�he propecty.and all easements,uppurtcnanca,
<br /> �. _� �u�ff,.tw��s rww ar heresfser a pxrt of t4x��Ny. All ne�lacementx and Addidons�hall�Iso be covered by thi�Security
<br /> ��'�� Inwrurnant All of ilu fongoing ia referred to in this Secueiry Inadument as the"Property." -
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<br /> `;,� 1 ' BORROWER COV@NAN'i'S that Borrower is lawfully iseised of the estate hereby conveyed and has the right to grant
<br /> > ` and convey the PropMy nnd Ihat the Property is unencum6en:d,except for encumbrances of rocord. Borrower warrwitr ond
<br /> �- will defend generally the dlle ro the Propetty against all claima and demands,subject to any encumbranees of recard. �
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<br /> „°�,� THIS 5ECURITY INSTRUMBNT cambines uniform covenant�; for national usc und non-uNform covenanta wilh --- -
<br /> limited voriwtions by Jucir,diction to conatitute a uniform secudty instrument covedng re�l property.
<br /> + UNIFORM COVENANTS. Borrower and Lender covenant and ngree as folbws:
<br /> �—��-"'+.r��: 1. Payment of Prtpcipd and Iptereet;Prepayment And Late Charges. Borrower shall promptiy pay when due the
<br /> �'s��:° ,�- princfpal of and interest on the debt evidenced by the Nate and any prepayment and late charges due under the Note.
<br /> � N.•R
<br /> �.°g��r�.�+.: ' 2, Fiundr�or7l�xea�nd Insurance. Subject to upplicable law or to a written welver by Lender,Borrower shall pay►o
<br /> °'—"'J •�^�•R`h� Lender on ihe day monthly payments are due under tNe Note.until the Note is paid in full,a sum("hlinds")for:(a)yearly �
<br /> ;.�iu°. . o eerl leasehold
<br /> ---��='~_'-' taxes and asseuments whkh may attain priority over this Security Inatrument as u lien on tha Propeny;(b)y y
<br /> ,�:�„r.N`y;;'�s"" payments or ground rents an the Property, if any; (c) yearly hazard or p�operty inaurnnce premiums; (d) yearly flood
<br /> insurnoce premiums,if any:(e) yearly mortgage insurence premiums. if any; end (� any sums payable by Borrower to
<br /> �' " � Lendar,in accordance wilh the provisions of paragraph 8,in lieu of the payment of mongage inaurance premiums. These
<br /> ''�`-�-•-°^' items ure culled"Escrow Items" l.ender may,at any time,collect and hold Funds in nn amount not to exceed the maximum
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<br /> -- " -^��`""�'��.--� amount a lender for u federally related mortgage loan may rcyuirc for Borrowcr's escrow account under the federa! Real _-�.
<br /> ' U�` Estate Senlement Procedurea Act af 1974 as amended frorn tfine to time, I2 U.S.C.$2601 er seq.C'RF.SPA"),unless another
<br /> ''�� ��� ,�'-=•���� - law that applies to tFic Funds sets u lesser amount. !f so,I...ender may,et any�ime,collect and hold Funds in an anount not to
<br /> • r exceed the lesser emount, Lcnder may eatimate the arnount of Funds due on the basis of current da�a and reasonAble
<br /> +' r.:•:< n " estimates of eapenditures of future Escrow Items or otherwise in nccordance with applicable law.
<br /> '� �°`"^ � .. The FLnds shall be held in an institution whase deposits are insured by a fedeml agency, instrumentality.or en�ity
<br /> � ,�'�' _• -• (ineluding l.ender,it Lender n�uch an institurion)or in wny Feder�l Home Lonn Bank. Lender shal l app ly t h e Fu n ds to pay �,�
<br /> ���,Y ' .. = the Escrow Items. Lender may not charge Borrower for holdin�and applying Ihe Fu�ds,annually nnalyzing the escrow
<br /> „ � , account, or verifying the Escrow Items, unless Lender pays Borrawer interest on the Funds and applicable law permils �._
<br /> ��' � ' ' Lender to mnke such a charge. However,Lender may require Borrower to pay n one-time charge for an independent reul
<br /> ° �.� estate tex reporting rervice used by Lender in connection with this loan,unless applicable law provides utherwise. Unless an
<br /> ��"'< � . � ngreement is madc or applicoble law requires interest to bc peid.Lender shall not be required to pay Borrower any interest or �_
<br /> earnings on the Funds. Bnrrower and l.ender muy agree in writing.however,that interest shall bc paid on the Funds. Lender �_
<br /> :;�� ;:" .. shall give�o Bonower. without charge.an unnuul uccounting ai the Flmds,showing creditx and debits to the Funds w�d the �
<br /> �,:._� �, , purpose for which each debit to the FLnds was made. The Funds sue pledged as additional securlty for all�ums secured by
<br /> -r�..,� -- .- this Security instrument. --
<br /> �"' If the Funds held by I.ender excced tl�e umoumy pertnined �o be held by applicable luw. Lender shnll nccount to
<br /> � ��`' ' Borrower for 1he ezcexs Funds in nccordunce with the reyuirementx of applicable law. !f the amount of the Funds held by -
<br /> ` .,�ti;. ,� Lender at any time fs not sufflcient to pay the Escrow Items when due,Lender may s� notify Borrower in writing,and,in
<br /> . such case Borrower shall pay to Lender the umount necessary to muke up the deficiency. Borrower xhAll make up the __
<br /> . deficiency in no more than twclve manthly paymentti,ut Lcnder's sole discretion.
<br /> °� Upon pnymcm in full of ull sums securcd by this Sewrity Instrument,Lender shull promptly refund to Bortower uny �:.
<br /> •t ' ....,,[w. ' " Funds held by Lender. If, under psmgruph 21,Lender shall acquim or seU the Property,Lender,prior to the acquisition or �k.
<br /> • � � � snle oP the Proper►y.,hall upply uny Funds held by Lender ut the time of ucyuisition or sale as a credit uguinst lhe sums
<br /> , � a. ., secured by this Security Instrumen�.
<br /> ' •' • 3. Applicalion of I'aymen�g. Unle+s upplicublc luw provides otherwiu, all puyment.r• rcceived by l.ender under
<br /> ••• � puragmphs I and 2 shull be opplied: first,to any prepuyment churge.due undcr the Nntc:xecond,to umounts puyuble undc� _
<br /> - �,. paragraph 2:thfrd,to interesl due;fourth,to principal due;and lust.to uny lute chargez due undcr the Note.
<br /> ' � • • 4. Charges;Liens. Borrower �hull puy nll tuxc,,usscssnxnts, chnrgcti, fines and imposidons nttributable to�he
<br /> � Property which muy attain priority ovcr Ihis Sccuriry Inxtrumcnt,and Icaschold paymcnt�or grounJ rcnts,if any. Borrowcr
<br /> - � ahall pay thexe obligations in�hc mvnncr provided in paragruph Z,or iF not pnid in that munner,Borrowcr shull puy them un �
<br /> . � time direcdy to thc person owed puymcnt. Bortowcr shul l prompUy furnish u�Lcndcr ull notices of umounts to be paid under v_
<br /> ' , . - � this paraRmph, !f Borrower make� these payments directly,Borrower xhnll p�omptly fumish ta Lender rcceipts evidencing ��^�_
<br /> � s� `::� � � the payments.
<br /> ''"� ' ' .. Borrower shnll promptly dischurFe any lien which hus priority over thiy Security Instrument unless Borrower:la)ugrees �=-
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<br /> � in writing to the pAyment of ihe obligutian sccured by thr licn in u munner ucccptablc to Lendcr,lb)contcsls in goad Yuith the �.:.�
<br /> '° ' lien by,or defcnds againat en(orcement of ihc lien in,k�al pracedings which in Ihe Lender:opinion operatc to prevent the '_
<br /> ''� enforcement of the lien;or(cl securez from the holder uf Ihc licn un u�zreement wtisfuctory to Lender subordinating thc licn __ _
<br /> � to this Securiry Instrument. If Lender dctem�ines�hut uny pan of the 1'roperty is subject to u lien which may uttain priority �
<br /> �.••. . over this 5ecudty Instrumenl,Lender muy givc Borrowcr u notice identifying thc lien. Borrower shall satisfy the lien or Inke `
<br /> _ one or more o(the actians xel forth:�bove within I11 Juys of Ihc giving of nwice.
<br /> � 5. Hazard or Properly lnsurance. Bormwer shull kcep thc impruvemem+ now existing or hercaftcr erec�ed on thc �
<br /> � . • Praperty insurcd against losx by fire,hazurJs included w ithin the tcrm"cxtended cuvcruge"und uny olher haxurds,inrluding
<br /> � •� . floods or Iliwding,for which Lender reyuirex insurunre. This insurunc�+hull t►� muinrrincd in the umounts �nd for thc �, ..
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<br /> � , Form 30=8 V/90 qwxe:nl nlwkrs� '
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