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<br /> TooerHEiR w,TN v�tbe�mp+uya�a�ww a nero.rtar axtea a�u�a propeny.�na�I�e�n,a�, aa�ac�.
<br /> rod tixp�aow ar dae�tter a p�rt of the property. All rcplacoaioau aad�ddidoas ahdl dw be covaod b�8aou�ilN�:
<br /> 1mt�umen� All of�he fae�dn�i�rofarod w in thi�Security In�wmeM�u�he"Propeity.»
<br /> BORROWER COVENAN7'S Uwt Borrower is lawfully Reisad of the cst�te ha+cby oanveyed wd h�u tUo dght ta�nwt�.
<br /> and cunvey N�oprup�ty and that 1he Prope�ty 1�unencumberod.cxcept for encum�ee of recard. Bcxmwrr w�rt�t�aad�
<br /> wW defend�aKrxliy die dtle w the PropertY+�+fast vl cl�inu�nd dem�nd�.wbJect w iny cncumbn�x�es of r000rd.
<br /> THIS SF.CURITY INS1'RUMENT combiriee unlform cavenents fa mtion�l u�e �nd naa•uaifam oova�ntf with�:
<br /> Umi►ed vprlotion�by juricdkdon w conitltute a unjform Recurity jnstrwnent coverin�rcal Prope�ty
<br /> UNIEaORM COVBNANTS. Bo�rnwer u�d I.endcr covcnant�nd a�roe as follows:
<br /> 1. Paymeat of Prtndpd wd Inte�+e�t:Prel�yweat wd I.�te C'M�r�. Borrower chall PromPqY W►Y wha�dua�lia
<br /> pdnci of uid interest on the debt evidenc�d by the Wotc And any preepayme�t ond I�to chqrgo:duo ur►der�ho Nato.
<br /> �Ihnd�tor 71�us�ad inwnnca Subjoct w applicable law or to a written waiver by Lender.Bomower�luill puy to
<br /> Lp�der on iha day montuly payments arc dne w►der the Note.uatil the Nau is paid in full,�sum("Fundc")for.(a)yeariy
<br /> taxes aad assessments whlch msy at�n priaity over thia Secudty lnswment as a Uan an tho Property:(b)Y�Y��k)�
<br /> PRY� or grou�d na�ts aa the Pmperty. iP any: (c) Year1Y iwzerd or pmperty insumnoe pt�emiums; (d1 Yaaiy ilaad
<br /> insuaanoc prcmiwns. if any:(e)Y�Y �8� inau�ance p�emiwns. if any: wW (�any sums payablo by Bmmwar tu
<br /> i,ender�a�accordanoe with the proviaions of p�uagraph 8.in Ileu of�hepayment of maAgage insu�su�oe pt�amiums. Tfioso
<br /> ltpns ane cailed"Esc�uw ltems." l.endcr muy.at aoy time,collect ond hold Furt,ds in an amaunt nat ta exceed Il�a mAZimum
<br /> � I� amount a lender for a federally related matgage laan may rcquin for Borrower�escrow aocount undcr �ho fodoral Real,-
<br /> „ . Estata Settlement Procedu�+cs Act of 1974 as ameaded from time to 6me,12 U.S.C.�2601 et s�q.("RBSPA").unless nnad�or
<br /> `"�'' .�,�, law tl�t epplies to the Wnds seta a lesser arnouiu. if so.Lender moy.ot eny time.collect and hold Funds in an amount�nat ta
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<br /> . a`�}��;y, . excad �he lesser emoun� Lender mey esUmate the amount oi Funds due on 1he basis of cuRent dwa ond reasa�la
<br /> i�?�f: estjmates of expenditw�es af future F.scrow Items o�oU�envise in accordance wlth applicabla law.
<br /> ';,,.,� �.�At., The Punda shall be held in an institution whose deposits are insured by a federal agency. in�tality,or entiry
<br /> •����f'i���::ti. (including Lender.if Lender is such an instirodon)ar in nny Federol Home Loan Bank. Lendcr shall app{y iho Fundc ta pay
<br /> ''• � `:, : x;M ihe Escrow Items. L.eader may not churge Barower for hoWir�g and applying�he Funds,annually analyzing{ tha�w
<br /> p �° ''���:%���''"'{ account,or vedf in the Escrow Items, unless L.cnder Barawer intcrest on the Funds and a licabla law 1�
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<br /> � '/N 7 k' "Y''�'" Lender to make such a charge. However, Lender may require Botrower to pay a one•time charge for an indapaide�n n.�l
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<br /> :t. •Y�,�,,�.�y4;,�r:,.r� estate tax reporting servlce used by Lender in conoectian wi�h this loan.unless applicsibla law providas atherwia�e. llnit+�s an
<br /> r,�.,,, .,�,.,_;..'•; agrccment is made or applicable Isw cequires inte�+est to be p�id.Lender shall not be nequimd to pay Borrvwerany interest or
<br /> � �::.��• .��'� earnings on thc Funds. Borrower und Lender rnay agree in writing,hawever.that interest shull be paid on Uta Fundc. Lender
<br /> • "x!'h':?''�%•�'�°����` shall give to Bort+ower,wfthout churge,nn annuul accoundng of 1he Funds, shawing credits and debits to tF�e Fundc aad the
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<br /> � t d;,.:-:- ,�' !�•r��+� purpose for which each debit to the Funds was mode. The Funds are pledged as additional socuriry for all.wms�warurod by
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<br /> ��, • .... �.:s�„` this Security Inswment.
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<br /> K,.,,�.:•..;� . 5 if rhe FwnL, imi�i by i.��idr� rx��i ti�r wavuni� �,r�u�itt�f tu bc F�13 by aapllcebla iaw. Le$d�' �t�i►i1�ac�vuni to
<br /> t '" ,}��> � Borrower for the eacess Funds in accordunce with ihe requimmenls of applicable law. If�he amaunt of�Fundc held by
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<br /> • ��;.��•,_ � Lender�t any time is nat sufticient to pay �he E�crow Items when due.l.ender muy sso notifj►Bartower in �vrit�ng,nrd,in
<br /> ' , 'f''';'. • such ca.ce Bo�rower shaQ pay to L.ender the amount necesstuy to make up the deticiency. Bor�ower shaU rnake up tbe
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<br /> '3 • •� ':�'.',: � deficiency in no more ihan twelve monthly payments,ut L.ender's snle discrction.
<br /> � � ' •� Upon payment in iuil of all sums secured by this Secu�ity Insuument.Lender shall promptly rBfund to Borrower any
<br /> ��''` `: Funds held by l.endPr. If. under pnra�naph 21,Lender shnll ucquirc or sell the Propeny, Lender, prior to the acquisition or
<br /> sale of Ihe Properiy, stwll apply ony Funds held by I.endcr at the time of'acyuisilion or sale as a cradil against the sums
<br /> �� '� " . � secured by�his Security lnswment. z;„�
<br /> . _ 3. Appltcation ot Pfayments. Unlesx opplicublc !aw provides otherwisr, all paymenls ruceival by Lender under " '
<br /> �,, � " psuagraphs 1 and 2 shull be applied:fint,to any prepuyment churge�due under thc Nc►ta;scxand,ta amounts payuble under • :.•
<br /> • - ° �� � par�gruph 2;third,to intercsl due;fowth,to principal due:suid latit,lo any late charges due under the Nnte. '.;,;n
<br /> �F " 4. Chw�ges: Llens. Borrowcr shall pay all laxcs, a,x.+nxnt.,ch�rgc+, finc+und im}wsitions atuibutable to thc
<br /> . ,�. Property which may attain priority over this Sc�urity In,tnrmcnt,und le•rKh��ld puymenl�.or ground rrnc�,if any. Borrower _
<br /> � .. ", .. shall pay these obligations in Ihe munner provided in parugruph 2,�x if not puid In that munner.Borrower shall pay them on ' ,�
<br /> ti :' ;� ;�,�;; ume directly to Ihe person owed puymcnt. Borruwer shall pmm�tly fumi+h tu LcnJer all no�iot►af nmaunts to be puid under
<br /> ; C ,;., M_ ,?.}r,;.:,, U i�s paru�ph. If Borrower muke.Ux�,c payment.dircrNy, Borrowcr shall prumpUy fumixh�ta Lender receipts evidencing
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<br /> • "�{�Y'•i�;• Bcmower shall prompdy dischurge uny lien which hn,pnorny over thi.Scrurity Insttument unless Borcower.(a)ngrees ���t
<br /> � � in writing to the payrnenl of 1he obligation serure�by the lien in a m;umer ucceptabla tu l.rnder,(b)cuntesu in goal faitb the
<br /> '' , , • , lien by,or defcnds ugainst enforrement of thc lice in,legal pnx��riings w•hich in the Lrndcr i opinion opernte to prevent the
<br /> ".�',�;;�, enforcement of the lien;or(c1 securex from�hr holder of the lien un ugrcemem sutitifuctory to Lender subordinuting the lien
<br /> �':�.`�;� to this Security Inswnunt. If Lender detern�ineti thut uny part��f the Propeny i.+uhjcv:�to a lien which muy uttt�in priority
<br /> '�'''° � `�t::t•:�.��`ti' over this Sccuriry Inswment,Lender may givc Bannwcr a n�nf�ti identifying the Ucm. Borrower shall sa�isfy�he lien or wke
<br /> ti•�-��~ '=�`"'`�� •�,,,.� one or more of�he uctions set forth abave wiihin 1�d:ryw of the giving of notici.
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<br /> i�, � S. Haaard or Properly Iacurance. Borrowe:shall ke�p the improvement+now exi�ting or hereuhcr ercc�ed on the
<br /> p y • Propeny insurcd uguimt loss by Pre,hazouds incluckd within the tenn"eatc�n�a!ro�•eragc"and any other hs�ards,including
<br /> 7�',. , � �;� floods or flooding,for which LendPr require,insurunct. Thi. insuruna:yhall be maimained in 1hc nmounts and f'or the .�..
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<br /> FormJ028 9f90 �paHS:ulbla+xexl
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