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<br /> 7'OOETHBR WLTH dl tbe i�nproveraenta now a hero�fter erocted an the propecty,r+nnd all�easemenu�+iPPunenwncr�,
<br /> �ad Rxturei now a dereatier a p�t of the property. Ail rcpl�cement��nd acldittons shalP alw bC cova+ed by thu Sxucity
<br /> Insnwt�ent. All of the fa+eQoity is niened w in thii 3ecurity In�wrtknt as the"PropertY."
<br /> SaItROWER COVENAM'S that Bocsowu i�uwfuUy sei�ed of the eatate hereby conveyed and ha5 the ri�ht to�nt
<br /> u�d convey the Propeity and thtt t1x PropeRY is unencumbe�+ed,cacept for encumbrances of rocotd. Bamwer wuranu and
<br /> wiU defend Qeoeraily tho titk to the Propany�airut�Il claims�nd de�i.cubJcet w ury encumbrancea of reco�+d.
<br /> THlS SECURITY INSTRUMENT combines unifcxm rnvenanta for nation�l use And non-unifam covaun4 w11h
<br /> ' �"'-'-�" - limi�od vuivaonc by jurisdiction to conr•titutc:►wiltorn�u;curlry Lutrumens coverin�real property. --
<br /> UNIFORM COVENANT'S. Bortawer aid Lender covenant and ag�ee ac follows:
<br /> 1. P�yment ot Prindp�!and Interrsti PreP�Y�nt and I.ade Chary�a. Borrowcr shall promP�Y PaY when duo the
<br /> principa1 of and Intcrest on tho debt evldenced by thc Note and eny pt+�payment and late charges dut under the Note.
<br /> 2. F�und�[or'lhxes ancl Imuranoe. Subject to applicable law or to a written waiver by L.ender,Bonower shall pxy to
<br /> Lender on thc day monthly p:►yments are due under the Notc,undl the Note is paid t��fult.u sum("Punds")for:(a)ycarly
<br /> taxes and assessments which may atta�n prlority over this Secu�ity Insuument es a licn on the Property;(b)yeuly leusehold
<br /> � ��� ���� payments or ground renu on the PropeRy, if any:(c) yetuly hazard or property insurancc premiums; (d) ycarly fload
<br /> insurance premiums, if any; (e) ycarly mo�tgagc Insnrance premiums, if any; and (�any sums payable by Borrower to
<br /> Lender.ln acco�dance with the provlsions of paragruph 8,in lieu of the payment of mortguge tnsutance premiums. 'Ihese
<br /> items an called"Escrow Items" Lender may.at any Gme,collect and t.old Funds in an amount not to exceed the maximum
<br /> amount a lender for a federally related mortguge loan may requine for Borrower s escrow account under the federai Real
<br /> Estate Settlement Pracedures Act of 1974 as nmended from time to tlme,12 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> law that applies to the Punds seta a lesser amount. If so.Lender may.at any time.collect and hold Fundc in an amount not to
<br /> :'�t, excecd the lesser amoun� Lender may estimate the amount of Punds due on the basis of current data and reasonable _
<br /> ' esdmates of expenditures of future Escrow Items or atherwlse in accordance with applicable law.
<br /> - Tt�e Funds shall be held in an institution whose dcposits are insured by a federal agcncy, instrumentality, or endty
<br /> ' (including L.ender,if Lendcr is such an institutian)or i��any Fcderal Home Loan Bank. Lender shall apply the Funds to pay _
<br /> � � � �w��,�,, �.' the Escrow items. [.ender mny not charge Borrower for holding and applying ihe Funds,unnually unalyzing the eccraw
<br /> .��::.•. � ,,�...,;�*. account,or verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable luw permits —
<br /> :f�.�,);,�r`:r�. Lender ro make such a charge. However, Lender muy mquire Borrowcr to puy u one-time ct►arge far an independent real
<br /> - �, .,t� .;,-..t,.�,�,� estate tax mporting service used by Lender in connecdon with this loan,unless npplicable law provides otherwise. Unless un
<br /> .r�:�:;'::;:.i; .=� agreement is made or applicable luw reyuires interest to be paid,Lender shull not bc required to pay Harrower any inierest or
<br /> +:�.�� ' ' �` �� earnings on thc Funds. Bornower und I.ender may ugree in writing,however,that interest shall be paId on thc Funds. Lender
<br /> �``'�"' "'' �4"` `� shall give to Borrower,without chsuge,an annual uccounting of the Fundx,showing credits and debits to the Funds and the
<br /> w•�- � • .•: •i�,
<br /> . �ti"�';,f�;.''� ';`�``•�;-' purpose for which cach debit to the Funds was mude. The Funds are pledged as udditional securiry for uU sums secured by
<br /> ' ��`' thisSecudty Instcument. -�
<br /> � - ' --'�''�''`��"- i�'the Funcis heid by Lendr.r excccS tiia uniounis permittcd io bc held by sppliesl�le laiv, Lcndtr shall ncc���n< «
<br /> � Borrower for the excess Funds in accardnnce with the requirements of applicuble law. If the amount of the Funds held by
<br /> ' Lender at any time is not sufficient to pny the E�crow ltems when due, Lender may so notify Borrower in writing,iuid.in ••-.
<br /> ' such case Borrower shall pay to Lender the amount necessary to make up the deficienry. Borrower shall make up the �'°--
<br /> • • deficiency in no more than twelve mantbly puymcnts,at Lender's sole discretion.
<br /> Upon payment in full of all sums sccurcd by this Sccurity Instrument.L.ender shnll promptly refund to Borrower:u�y
<br /> Funds held by Lender. If,under paragruph 21,Lender xhail acquire or sell the Property,Lender,prio�to the acquisition ar �
<br /> � sale of the Propeny, shall upply uny Funds held by Lender nt the time of acquisition or sule as a credit against the sums �_
<br /> securcd by this Security Instrument. -
<br /> ��, • . 3. Appllcation of Pwyments. Unir�. upplicablc law providex othcrwixc, all payments received by p y der under f �.
<br /> ±.. paragraphs 1 und 2 shall be upplied:first,to uny prepayment charges duc unJer the Note;second,to amounts a uble under
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<br /> . • pr�uagraph 2;third,to interest due;fourth,to principal duc;and lust,tc�uny lute charges due under the Nate. r:�.
<br /> ;� , � , 4. ChArges; Giens. Borrowcr shull pay ull tuxes, axsersments, chargcs, tincs and impositions attributable to the �•-.
<br /> � Praperty which may attain priority over thiti Security Intitrument,and Ieatiehoid payments or ground rents,it'any. Borrower -
<br /> shall pay thcsc obligutions in thc munner providcd in puragraph 2,or if not paid in thut munncr,}3orrowcr shall pay thcm on E'r:�-
<br /> �. time direcdy ro the person owed puyment. Borrawer shall prompQy fumi,h to Lendcr all notices of amounts to be paid under �''`
<br /> this paragraph. If Borrower mukes thesc puyments directly. Borrower shull promptly fumish to I.cnder receipts evidencin� _ __
<br /> ' the payments. �
<br /> Borcower+hull prompUy disrhurge any lien which has priority ovcr thi,Serurity In.trument unless Bonuwer:(a)agrees �-_
<br /> in writing to thc payment of the obligution scrured by thc licn in u munner acceptublr to Lcndcr:(b)contestt in gcxxi fuith thc
<br /> '� • � lien by,or defcndc uguinst cnforcement of thc licn in,legal prcx:ceding.which in thc Lcndcr�opiniiin��perutc to prevent the ��r
<br /> enforcement of thc licn:or(c>sccures from thc holder of thc licn an agrecmcnt tiatisfurtory to Lrnder subordinuting thc licn �
<br /> � to ihis Sccurity Inxvumcnt. lf Lender detennines that uny p�rt of the F'roperty ix tiubject to a lien which muy•rttain priority �
<br /> ' over this Security Instrument,Lendcr may givc Borrowcr a notice identifying thc lien. Borrowcr shall sati�fy thc lien or take �
<br /> � �; , �� one or morc of thc actians set forth atnvc within IQ days of thc giving of noticc.
<br /> � S. Ha•r.ard or Property Insursmce. Borrowcr tihail kcrp thc improvrmcnts now rxi.ting��n c�rcAfter crocted on thc �
<br /> Property insurcd agninst los.hy firc,ha�ards inrludcS within thc tcrni"rxtrndcd ruvcragc"and any othcr hararJs,including �
<br /> �' . � � floods or flooding, for which l.ender requin� in,urance. This insurunce +hull he maintainrd in thr amounts and for the p
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<br /> -- . Form 3U2N 9I90 f/x+Xr 2��j6 puxrsl �
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