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<br /> TO[3E7'HEIt W!7'N all thc improvementa now or hercafler etectod on the prqkcty.u�d aii eaemenu�sppurten�nces.
<br /> u�d fixturo�now or hareJter� p�rt of the propaty. All repl�xmenu uid�ddidons�Il�Iw be oovered by thi�Sacurity
<br /> Gut�umemt. All of the foro�dn�is rcfm+ed a in thi�Serurity Inwurt�ent u the"Property"
<br /> BORROWNR COV�NAN7'S t4utt Barower is IawfuUy seired of the eatate heroby ca►veyed md tus tho d�ht to�nt
<br /> u�d caivey the Property and that the PropanY ic unencumb�rcd�except for encumbrance:of record. 8orrower warranu and
<br /> will defend�a�enity the dtk a the 1'ropeny a�inq ail cWms and demanda.abJect to u►y e�cumbr�nce+�lroconf.
<br /> �------- 1'HIS SECURITY INSTFtUMENT combines unifam coven�nts: for nxtional use and non-unifotm covenants with �
<br /> limited vatfaUoni by jurf�dictian w constltut�a unifocro security instrument covering r�l property.
<br /> UNIFORM COVENANTS. Borrower and I..ender covenant urd�gree As follows:
<br /> 1. Paya�eat of Princip�l uid Intere:ti�repaymeat u�d I.�k Cha��ea. Borrower shall promPt�Y WY w�d��
<br /> principil of and iaterest on the debt evidenced by the Note and any pnpayment anci late chArges due under the Note.
<br /> 2, I�luads tor'l�xes And lasurance. Subject to applicable Iaw or to a wrltten waiver by Lender.Bonnwer shAil p�y to
<br /> L,ender on the day manlhly payments are due under the Notc,untll the Note is patd in fuU,a sum("Funds")for.(a)yearly
<br /> texes and assessments which may�ttain prloriry over this Secudty[nstrument as a lien on the Ympeny:(b)yeAdy leasehotd
<br /> payments a ground reats on ttie Property. if any; (c) yearly hazard or property insurance premiums; (d) yearly tlood
<br /> insurance premlums, if any; (e)yeacty mortgage insurance pcemiums.if wny; and (� any sums payable by Borrower to
<br /> Lender,in accordance whh the pruvisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> items are called"L�scrow Items.' Lender may,at any time,collect and hold ELnds in an amoun[na to exceed the mnximum
<br /> amount a lender for a federally rclated mortgage loan may requlre for Borrower's escrow stccount undtr the federal Fttal
<br /> Estate Settlement Pmcedures Act of 1974 as amended from dme to time,l2 U.S.C.$2601 et seq.("RESPA"),unless anoth�r
<br /> - law that aNplies to the F�nds sets a lesser amount. If so,Lender may.at any time,collect and hold Funds in an amount not to
<br /> cxceed the lesser amount. Lender may estimate the amount of Fvnds due on the basia uf current dnta and reasor�abtc
<br /> �='�, ectlmates of expu�ditures of future Escrow(tems or otherwise in accordance with applicable law.
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<br /> The Fonds shall be held in an institutton whose deposits are insured by a federol agency. insavmentality, or entity
<br /> �:;�l. (including Ixnder.if L.ender is such an institution)or in any Federnl Home Luan Bank. Lender shatl apply the Funds to pay
<br /> -- the Escrow Items. Lender may not charge Borrower for holding and applying ths Funds,annually analyzing the escrow —
<br /> uccount, or verifying the Escrow Items, unless Lendcr pays Borrower interest on the Funds and upplic�ble law pertnits
<br /> Lxnder to make such a charge. However,Lender may require Borrower to pay a one-time charge for an independent real
<br /> estate tax reporting service used by Lender in connection with this loan.unless applIcable law provides otherwise. Unless an
<br /> „ _,. ,�,,,; agreement is made or applicable law requires interest to bc puid,Lender shatl not be required to puy BoTrower any interest or
<br /> - eamings on the Funds. Borrower and Lender may ngree in writing,hawever,that interest shall be paid on the Fundc. Lender
<br /> shall give to Borrower.without charge,an unnual accounting of the Funds,showing ctedits and debits to the Funds and the
<br /> -� � �•:•, purpose for which each debit to the Funds was made. Tt�e Funds are pledged as additional securiry for all sums securcd by
<br />- '+�L thls Se�'t�Tity inntn�tne�t.
<br /> '��Y°'i"'��"�` IF the Funds held by l.ender exceed ihe amounts permitted to be held by applicable law. Lender shuti account to
<br /> ,�a�.�...:�. ,.• .
<br /> _,�,�;,;,.;- °., :,,�;, ,>� Borrower for the excess Funds in accordance wtth thc requirements of applicable law. If the nmount of the Funds held y
<br /> '. � . , Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in
<br /> • � such case Borrower shall puy to Lender the amount necess:►ry to make up the deficiency. Borrower shall make up the
<br /> � deficiency in no more thnn twelve monthly payments,at Lender's sole discretion.
<br />„ .. , Upon payment in full of all sums secured by this 5ecuriry InsUUment,Lender shuU prompNy refund to Borrower any --
<br />- Funds held by Lender. If,under parag�aph 21.Lender shall�cquire or sell the Property,Lender.prior to the acquisition or
<br /> � sale of the Property,shall apply any Fundx heid by Lender at the time of acquixition or sale as a credit ogainst the sums �
<br /> secured by ihis Security[nstrument. �
<br /> � 3. Applieation ot Payments. Unless;►pplicu6le law provides otherwise, all payments received by Lender under ��.
<br /> :,,r paragraphs t and 2 shall bc Applied:first,to any prcp�ymcnt chargex due under the Nore;second,to Amounts payabie under ___
<br /> � paragraph 2;third,to interest due:fourth,to principat due;and last,to any late charges due under the Notc.
<br /> �� � � 4. Charges; l.iens. Borrowcr shnll puy •rll taxes, atitic�+mcnts, chargcs, fine.r and impositions attributable to the �t-�"
<br /> � Property which may attain priority ovcr this Sccuriry Inxtrumcnt,and lca+ehold payments or ground rents,if any. Borrowcr �-�
<br /> � shall pny these obli�ations in the munner provided in paragr.iph 2.or if not paid in that manner,Borcower shull pay them on ��''
<br /> • ' time directly to the person owrd paymcnt. BoROwcr,hall promptly furnish to Lender all notires of amounts to be paid under F--
<br /> thiti paragraph. If Borrower makes these payments direcNy,Borrower shali pramptly furnish ro Lender receipts evidencing s
<br /> ' the payments.
<br /> $orrower shull promptly di,charge any lien which hati priority uver this Security Instrument unless Borrower:(a)agrecs _-_
<br /> � in writing to the payment of the obligation srrured by the lien in a manner ucceptable to Lender,tb)c�ntests in good faith the ---
<br /> lien by,or defends against cnforcement of the lien in,legal prcxeedings which in thr Lender's opinion oper,�tc to prevent the g;
<br /> � �" enforcement of the lien:or(c) secures from thc holder of the licn an agreement�ati,factory to l.ender subordinating the lien =-
<br /> � to this Security Inswment. If Lender determines that any part of the Propeny i,subject to u lien which may attain priurity ��•-
<br /> •• over this Security Instrument,Lender may givc Borro��•cr a n�iticr identifying the licn. Borrower sh�ll satisfy the lien or taice .,n_
<br /> �`° one or more of the actions set fonh abovc within 10 days of thc giving o(noticc. `
<br />_ � 5. Hazard or Property Insurance. Borrawcr shall kcep the improvcmcnt�now existing on c�reafter crected on thc
<br /> Property insured aguinst loss by�re,hazards included within the trrm "extendrd coverage"and any other hazards,including � �
<br /> A' � flaods or flooding,for which Lender reyuire.r insurance. This insurunce sh.�ll lx maintained in the amount+and for the
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<br /> Form 30lti 9l90 r�wge:ujn�wxesl
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