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<br /> TOOB7I�BR W177�i�II the improvamou nnw a haerflat arected an the proporty.and ea�arwiu.appurtenanca.
<br /> �ad fixtt�aow ar henafter a p�rt af the property. All:eplaamenq aad�ddItfonr siWt�Ito be covaod by tbis Sacurity
<br /> Inrwment. All of the forcadrt�i�nkrted to ia thfa Security I�a�ument a�the"Prapaty.'
<br /> lsWtltUWl'R COVBNAM'S Uwt&xrower i�lawfuliy uiced of thc estate he�+eby canveycd and ha�the�ight to�r�nt
<br /> and convoy the Propecty�ncl thst the PnoNerty is unencumberai,except for encumbr�nces of record. Barower warrmu�nd
<br /> w1U defend�ener�Uy the Qtk w the Propaty a�ainsc all claim�and denwr�ds,cubJxt to any encumbnncet of rocord.
<br /> THIS SECURITY 1NS'1RUMEN'1' combines uniform covenants fa national use and non-unffam covenant� with
<br /> - �� limfted vuladons by jurisdiction to conrUtute a untCun�i�urity insuwnent covecing real prope�Yy. --
<br /> � UN(FORM COVENAIY'fS. Bort+ower and Lender cpvenant and agree ns follows:
<br /> " 1. P�yaOeat ot Principsl�nd Uakra�ti Prep�yaunt aad I.�te Cluir�es. Borrower shall prompdy pay when due the
<br /> pripciptl of wnd intereu on the dcbt evidencod by the Note and any prepayment and lau charges due wider the Nae.
<br /> 2. Fluadi for'Itixs aad Incurs�ca Subject to applicable law or to u wdtun waiver by Lender,Borrowec sha11 pay to
<br /> L,ender on the day month(y payments are due unde�the Note,nnt�l the Note is paid in full,a sunl('Funds")for:(a)yearly
<br /> __-_u _ _,__�a tAaes and aasessment�which may attain priority over this Secudry Insavment as a lien on the Property;(b)yeuly leasehold
<br /> paymenta or ground rents on the Property, if any; (c) yearly hazard or property insurar�ce premiums; (d)yeaiiy flood
<br /> � insurancc premiums.if nny:(e) yearly mortgage insarance premiums, if any;and (�any sums payable by Borrower to
<br /> Lender,in accordance with the provjsions of paragraph S,in lieu of the payment of mongage insurnnce premtums. These
<br /> items ere called"Escrow Items." L.ender may,at any time,collect and hold Funds in an umount not to exceed 1he maximum
<br /> ____.��.._ anwunt a lender for a federally related moRgage loan may requim for Borrower's escrow account under the federal Real
<br /> Estote Settlement Procedures Act of 1974 as amended from dme to tirtw,12 U.S.C.$2601 et seq.("RESPA").unlcss another
<br /> - • law that applies to the Funds sets a lesser amount. if so,i.ender may.at any time,collect and hold Funds in an aznount not to
<br />•-. e r•�., exceed the lesser amoont. Lcndcr may cstimatc the amount of Funds due on thc basis of current data and reasonable _
<br /> �� � estimates of expenditures of future Escrow Items or otherwise in accordunce with applicable law.
<br /> •`��4�� The Funds shall be held in an institution whose deposits am Insured by a federal agency, i�strun�entaliry. or entity
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<br /> •• .- (Inctuding:.ender.If Lender is�uch un institution)or in any FecSeral Home Loan Bank. Lender shall apply the Funds to pay —
<br /> •b�i�.a� .. ,;.:��. the Escrow Items. I.ender may not charge Borrower for holding and applying the Funds,annually sinalyzing the escrow __
<br /> -�'�.•s:+-:::'�.Y�'��:: account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits
<br /> � � (..ender to make such a charge. Howevcr,Lender may require Borrower to pay a one-time charge for an independent real
<br /> `'��'�y 9'� "r�;`. estate tnx mporting service used by Lender in connectfon wlth this loan,unlexs applicable law provides otherwise. Unless an
<br /> '�;�°•'= ••>•��' •• agrcement is made or applicable law requires intc►+est to be paid,Lcnder shall not be required to pay Bon�ower any interest or
<br /> camings on the Funds. Borrowcr and L.ender may ugree in wrltin�,however,that intcrest shall be paid on the Funds. Lender ��
<br /> ' �''�� shall give to Borrower, without chnrge,an annual accounting of the Funds,showing credits and debits to the Funds and the
<br /> - � " pucpose for which each debit ro the Funds wus made. The Funds are pledged As additional security for all sums secured by � __
<br /> __ .t:__�------_-�;... this Security InsUument. �i�'`
<br /> - --- - if the t�nds hetA by l.ender exceed the amoun[s pemtitted io be heid by appiicuLlc iuw. Leii3er shaJt accaunt to -_
<br /> Borrower for the excess Fundx in accordance with the requirements uf applicable luw. If'the umount of the Funds held by
<br /> Lender at any time is not sufficient to puy the Escrow Items when due,Lender muy so natify�3orrower in writing,and,in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Bonower shall make up the �
<br /> deficiency in no more than twelve monthly payments,at C.ender's sole discretion. �
<br /> Upon payment in full of all sums securcd by this Security Instrument,Lender shall promptly refund to 9arrower any
<br /> , Funds held by Lender. If,under parugraph 2I,Lender shall ucquire or scU the Propeny.Lender,prior to the acquisition or "-°"
<br /> sale of il�e Propeny,shall apply any Fundc held by Lendcr ut the time of ucquisition or sule as a credit aguinst thc sums �••.
<br /> '�� secured by this Securiry Instrument. �-r__.
<br /> . 3. Application of Pnyments. Unlcss applicablc luw provideti othcrwisc, aU payments received by Lcnder under �Y
<br /> �.'. paivgraphs 1 und 2 shall be applied:firtit,to any prepayment chargex dur unde�the Note:second,to urnounts payable under �
<br /> i`► • parugraph 2;third,to interest duc:fourth,to principai due:and last,to any late charges due under the Note. � _
<br /> ��, � 4. Charges; Liens. Borrowcr shall puy all taxey, assessments, churges, fincs and impositions xttributublc to the �_
<br /> • Property which may attain priurity over this Security Instrumcnt,und leaschold paymentc or graunJ rents,if:u�y. Borrower �__.
<br /> shall pay these obligution�in the manner provided in paragraph 2,or if not paid in th•rt manner,Borrower shall pay them on �-
<br /> • - time directly to the person owed puyment. Borrower sh•rll promptly fumish to Lcnder ull notices of amounts to be paid under �=--;�
<br /> : , � � this paragraph. lf Borrower m;�kes theye payment�direcdy,Bormwer shall promptly furnish to Lender receipts evidencing
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<br /> • • � the paymcnts. �.;�`
<br /> Borrowcr shall promptly di�ch:►rgc any lien which has priority over thiti Security Instrument unlesti Bnrrower:(a)agree�
<br /> • in writing to thc paymcnt of thc obligation securcd by the lien in a manncr acceptablc ro Lendcr.(h>contests in good fnith the -
<br /> � , • lien by,or defends ugainst enforccment of thc licn in,tegal prcxeeJing.whirh in the I.endcr;opinion operate to prevcnt the
<br /> . ' ' cnforcemcnt of the licn;or(c)xecures from thc holder of the lien an agrecnunt�atisfuctory ta Lcndcr subordinating the lien ���:
<br /> • to this Security Instrument. If Lender determines thut uny part of the Property i+subject ro a licn which muy attuin priority
<br /> • "• over this Security Instrument,Lcndcr may sivc Borrowcr a noticc idcntifying the lien. Borrower shall satisfy the lien or take
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<br /> ;' ,' one or morc of thc actions set forth alwve within 10 duys of thc giving of notice.
<br /> S. HAZS►rd or Property Insurance. Borrower shall kccp thc improvcment�now exi�ting on c�rcaftrr crccted on the
<br /> '` � Property insured against loss by firc,h;�ards includcd within thc term"extcndrd r�>�•cragc"and any nther hutarti�,incluJing
<br /> �c• ; floods or flooding, for which Lender rcquire; insurunce. This insuranec ,hall be muintamed in the smounts and for the
<br /> , � Form 302N 1M90 ryk�gt 2�Jb�x+gesl �
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