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� R�-�F�GRa��9 9 i 0 9 9 � 4
<br /> TOGaTHER W1TH all the impravrment�naw or hereafter erecta�l an tt►e pm�rty.and a1l easement��appurt�anci:.�, and
<br /> tixtures now on c�rent�er a part of the pro(►erty, All r�plac�ments aad addidons Fhall also be cov�rCd by lhis Sr.cul7ty
<br /> Inntrument. All of lhC for�s�oin};is refer�to in thi`Secutity It�tnl�u�nt as the "Property."
<br /> IiORROWECt COV�NANTS�hat Burrowar is lawfully tiei�i qf the etitate hertiby cpnveyed;tn.d hac[hz righl lo�;r;int xn�]
<br /> convey ihe Property an� th�t the; Prop�:rty is unencumbered, except fc�r encumbranc� pf recc�rd. BonowCr wan:+nl� .trx1 will
<br /> def�ncl gar►erullly tha titlz to the Property u�rin�t alt claimx and deman�l.:, cuhject ta any encumbranceF aF rcx.ard.
<br /> THlS SECURITY INSTRUMEN'f combmcs uniform covcnasnts for national ucae r�nd non-unsform�ovanxnth wi�h 4�mitul �
<br /> vnri�ttions by jariuliclion to constitute a unifonn ucurity instturnent coverin�real pmY+zrty. GC
<br /> UNIFUkM COV'E[�1ANTS. &rrrawer and t,ender covenant Rnd agree as follow�:
<br /> 1, i�aYmrnt of Principxl and Interest; Prepuyment �nd Late Char$e.c. Borrowcr �hall promptly puy wlzCn due tha �
<br /> principal of and interost on tha ckbt cvi�ea�cul by th�Notc:and any�repayment and iate cha���du�un�r.r tho Noro, C
<br /> 2. Funds for Tax� and in�urance, Subject tc� a��plicahl� la�,v or to �writt�n waiver by Lxncler, Burrower �t,:ilf �y to 00
<br /> Lcntler on t6c day monthly pnymer�ls are due under the Noke,until the Noue is paid in full, x sum{"1 pnd+")for. (x)yaxrly tdxr� �
<br /> and a.�aments which tn�y attain priority ovzr this Security Inslnixn�t aa t liun on tho property;(b)y�rly la:e�:ehold p�yrtxnGs �
<br /> or sround rent�on the Prop�rty,if any;(e)ye;xrly haYaril or pro�x;rty in�:urance pnemiums,(d)yea�ly flcxxl in,urance premiurns, �-
<br /> if any; (C� ye:xrly mc)rt�a�ti insurdRCe PCCR1LUQ�5, if any; aad (fl any suuls payable by Borrowcr to L.�ndar, in ucc[�rdxnu: with
<br /> tha pmvisions nf pxragraph$, ia li�u of tho paym�nt of rnortbage insurxnc.�premiumm�. I'h��;itcm.�.ara c.-x11ec1 "E.�c�c�w lt�ms."
<br /> Lender mHy, at�y time, eollcx;t a�xl hold Fmids in :ui amount not M exceed tha n�xiixium amount a lander Cur a fcd�r.►lly
<br /> rel�ued awrtgagu ln�n muy �rec}uire for Rormwer's escrow account under thz fe�l�r�l Rr,�l E.ctxt� S���lcmc;nt PrUC�:dure;t; Act aF
<br /> 1974 as amended ti'�m time to time, l2 U.S.C. S�ction 2601 r�srg. ("RESPA"), unle:.r anathec 1aw that applii;s to the Fund:�
<br /> sz1.G a le�SSer amount. If so, LandGr muy, et any time, co)lect and }rold Fun�� in an amaunt not to oxe�c) thc Ic�,dr amoo�l.
<br /> I.ender msy estimat� thc am�unt of Funds dua on the b�ris of current clata atkl rza�nable etilimxtus of csx1x,mclitur�v c,f futurz ,
<br /> �scrow lt�ms or ott�esewise in acxordanca with arplic�ble law.
<br /> Tha f•irncl� ahall t� held in $n inFkitution whosa depo.its are insnrecl b� a fi�.clrr�l xgency, in�t[uiiicnkulity, or entity
<br /> (includin�Lencier, if I.endar is such rttl insCitutiun)or in xny Fu1�ri1 Hume Lnun Bxnk. i.encler shall apply th�FttnJti tu puy thu
<br /> 6.�craw Item.a. ixndet n�y dot charb*z$orrow�r fur holdin�an�applying thd Furnl.�, annu•rliy analyzin�the vscrow�ccnYmt, or
<br /> verifying tha EFC;row Items,unlws�.enck�r pays Borrower intrr�t on tha Fun�and xp�licabfz law permit� Lund�r to make��b
<br /> R C}lACgC. How�var, Lender may Kequire Bortowet to pay a one-titt�ehar�for an inck;pesnclunt re:a1 etilatr tax reporting srrvice
<br /> use� by Lendee iu cc�nnection with this loetn, untess app]icahle law prc�vide.� othecwisz. Unless an agr�mc:nt iv msulr nr
<br /> :y�piicable]aw requiros interest ta bc;puid, Lend�r shall not he reyuired ko pay I;orrowvr uny int�r�t ur earnings on the Funds.
<br /> Borrower and Lender may a�ree in writin�, how�vor, tbat interest sha11 be paid on thc�un�i.�, Lender shalt Liva to Borrowcr,
<br /> withotit�rga, �n xnnual accounling of the Fvnds, showing crcdits soJ debits to the Fund� and the purJ�oaz for which wc:h
<br /> debit to 1h�l�tmcls waV rruuIe, 7'lie Fwxls ate pl�g�d as ael�litional s�curity for all sum.�s recured by this Stcuriry lnstrum4nt,
<br /> If the Funck hald by Lender cxcaed thd amaunts permitte,�l to be h�ld by apptieable law, Lcrxlar sha11 accaunt t�13�rrowzr
<br /> f�r the exee� Punda in ac:cx�nl�nc:d with the requiremen�af x�plicablz l�tw. If tha amount of th.;Punds held hy i�nd�r at nny
<br /> time iA not sufficient to pHy th�;£.u:ruw Itemx when due, Lender may so notify Borrower in wriiin�±, uncl, in such c�e Rc�rrowor
<br /> ch�11 Fxy to Le;ndnr the amc�unt necer,t;ary to p�ake up the 4eficienCy. Tiorrower ehall malce up tha deticirncy in nn rtiare theui
<br /> twislve monthly paymeat�, �t Lencler'a sole di�crction.
<br /> iT�mn payment in full of all ,ums secur�ci hy khis Sacw�ity Instrumznt, Ltnder �hall prumptly r�fund to R�r�rwer A»y
<br /> Pun�ls hel�l by Lander. if, under�[•r�aph 21, Lendet shpll acquir�or s�;ll th3 Pr�perty, Lemder, priar to tha acqnitiition or.ulu
<br /> �f the Prope�ty, �hal1 Apply Any Funcls hc;ld by T.ender at the timr of acqui�ition or c+ala ar>a crzdit again,t the Sums wr.cut�l by
<br /> this Sacurity Instrum�nt.
<br /> 3.ApplicxNun u�Rayments.Unless spplic�le law provides otherwj�e,a1]pAymentt3 te�ive�l by L�mcler undar paragrxnhti
<br /> 1 and 2 shxll be s�lied: fust, to any pr�payment charges d�updor tha Note; Reco�d, to�unuun��payable undet p�rxgrHph 2;
<br /> thir�, to intcsre.r•t�lua; faurtb, to�rincip�tl clttZ; and Inst,to xny late chargec due under the Note.
<br /> 4. Chargcn; Lieac. Burrower shul!lr,�y all taxes, assessment,, chHrgrs, fen� ar►d imposition� :►ttrihutAhl�to the Property
<br /> which may xttnin priority over this 5zc:urity Instsumixit, and 1���.�ho1d �ymenwa or smund tea�ts, if�ny. Born►wer �hall pay
<br /> th��obli}�►ations in th�manner providaci irt part��i�'ih 2, or if not pAiQ in(hat nx�nnor, Bc�rrow�r shall p:ty thzrn on tim�din'c:tly
<br /> to thc Ix:rson owe�cl�ayment. Borrow�r shalt pr�mptly !'urniyh to l..end�r ztl notices of xmounts to bc:paid nnd�r th+h p1ra�rxrh.
<br /> lE&�rrower makes thesa pttymznts dircctly, Borrawet�hall proin�tly fumiFit to Lcnck;r n.ce-ipts evidencipa the r;�ylnZnts,
<br /> $orrowur ahall promptly disehatge sny li�n which h:�r•priority ovzr this Sacurity lnstrumcnt unt�ti�orr��wer: (a)agrees in
<br /> writing to tlta�ayn�ailt of tha qblig�taun sec;u�ecl by khe�'stn in s mtinntr aec:eplabl�lu L,rnd�r, (I�)cont�t�in goud f�►ith thc lien
<br /> by, �r defands �gKin4t unfi�rc:nmant �f tha li�n in, legal prcx:er,�lin�;s which in the Leocler's orinioA �per+tu tu pravent the '
<br /> e�fo2rxm�alt Of th�lien; �r(c)secures f'rom thz[wider of the lien.in agresement catisfdctnry to I,endeY Fubordinatiii�r thr liet� t�
<br /> this$ec:urily]'nnhvrn�nt. Tf T..ender d�termin�that any part of Iha Prc�rty is subject to a 1i�n which mey uttain prinrity over
<br /> this 5ec:urity dnytrument, Lender ntay �iv��orrowcr a n�ticu idantifyin�±the lien. Bort�wec �h�ll eatisl'y tbe lic,n�r txke ane c>r
<br /> mc�ro af the actipns set fotth above wiihin 10 days af th�giving af notice.
<br /> Form 30�8 9/90
<br /> �•6R(NE)�es�z�.o� P��z or e �,:�,k:�G�. D[�h 1913
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