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<br /> TOOE7'HER W1TH�II the iropvvdnenta uow a hae�Ret eraoted on the p[opetty,mad dl ea�etn�nu.��
<br /> �nd fu�uxee now or ha�attes'a p�rt of the property. All �a�nd�itioos�U d�o be oo�►a�d by d�it�Y
<br /> IaravmenG All o!the fara�oia�is refared w in this Secu[it�Inttcumait a�t6e"PropettY�
<br /> BOItROWER COVENANTS that Bomoweruaencwc�berod.i excx f far arcu b�r�ncYea of t+xotd. Hamwer w�i�ranu��
<br /> �nd canvey the Propaty and th�t the�ropertS' dl cWau�ad de�inda,wbject W my mcumbrnaoe�of recad.
<br /> will defend�a�a�lly the dtle w tbe Property a�unsc
<br /> -"°" -- - 'fiifS SECURiTY INSTRUMFNT combincs unifam covename fnr natior�l uRe and ttiaa•uaiform oovanws wlth
<br /> Wnited vvlatiam by Jurlullctiaa w con:titute a unifam�ecuri�y inswment covaia�neat p�operty.
<br /> UNIF�ORM COV�NANTS. Barower and Lender covaiant w�d�yroc u fallawe: w���
<br /> 1. Pyna�at a�PriNdpd�GMen�ti Prep�y�al�d I.�w L"h�rt�. Harowu stWl pio►npt1Y WY
<br /> princl of and intnYu on the debt evidenoed by cha Noto�nd u►Y P�'aP`Y�nt u�d l�te chu�e�due w�der tho No1e.
<br /> �fh�ad�[oe'IUxa�nd Iwu�aace. Subject to�pUc,tble law or to N writkn wuver by L.ender.Bocr�ewer�hall psy w
<br /> I,ender on ti�e dwy monthlY p+�Ymenn are due under the Ncxo.uncll the Noto i�p�id 1n full.a sum("Fiuuf+")for:(s)Ye+r1Y
<br /> uxex and weumenti which may ut�in priotit�r over thfs Secutiry In�trument rr a Uen w►tha Property:N)Y��Y��ho1d
<br /> p�yrnenu or ground rcnts on the Prnpecty. If any: (c) Yar1Y hwrd ar property insun�nce Prrmiwas: (d) Ye�dY Qood
<br /> iniurince prcmiuma.if any; (e) yeuiy mort�age insurance premiumo. if�ny; �nd (� any sumr p�yabk by Barrower to
<br /> Lende�.in�cco�+dance with the provisions of paragraph 8,in lieu of tho psyment of roortgage insunnce premiuma. 'il�ese
<br /> items are called"Escrow items." Lender may,at any dme,collat and hold Funds in en art�ount not to exceed the maxluium
<br /> emaunt t lender for a fedecally related mortgage loan rnay c+aiuire for Barowera escrow Account�nder the fodernl Rea1
<br /> - Estau SetdecnentProcedures Act of 1974 as sunended from dma to dme.12 U.S.C.$2601 et srq.("RFSPA"),unless another
<br /> �;���R !aw thac applies to the Hufds sets a la+ser amoune. If so,L.ender may,at any time.coltxt and hold Funds in 9n unoun�not to
<br /> cxceed the lesscr amounG Lender rnay estimatc the amount of Ei�nds due on the basis of aument data�nd re�conobie
<br /> ��.. � esdmates of expendituc�es of future Escrow Items or otherwlse in accordance wIth appltcable law.
<br /> - 'The Pwnds shall be held in an inst�tutlon whose deposits ai�e insuc�ed by a federal agency,inswmentality,or endty
<br /> (including Lender.if Lender is such an insdmdon)or in uny Federal Home Loen Bank• L.ender shap apply the Funds to pay
<br /> - the Escrow Iums. Lcnder may not charge Borcowcr for holding end applying the Funds, annually analyzing the escrow
<br /> , account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law peimits
<br /> Lender to make such a charge. However,Lender may require Borrower to pay a one-t�me charge for an independeat real
<br /> ,.D.,„ estate tax reporting servlce used by L.ender in connection with this loan.unless applicable law provides otherwise. Unless an •
<br /> ' ' agreement is made or applicable law requires interest to be paid,Lender shall not be required to p�y Borrower eny interest or
<br /> r•a • ° + eamings on the Funds. Borrower and L.ender may agree in writ3ng.however,that interest shall be paid on the b1►eds• 1-ender
<br /> `'i::�::`'.�e shall sive to Borrower,without charge,an annual accoundng of the Funds,showinb credits and debtts to the Fundc and the
<br /> purpose for which each debit to the Funds was made. The FLnds are pledged as additional securiry for all sums eeciu+ed by
<br />, __ .. , ,. . . this Securiry in�irun�cut. �
<br /> �-'^�•��J �-ti•�'.=;°�-�~�•�^• If the Funds held by Lender exceed the amounts permitted to be held by appNcable law, Lender shall account to
<br /> ' � • Borrower for the excess Funds in uccordance with the requiremenu of appltcable law. If the amount of the Funds held by
<br /> � Lender ut any ttme is not sufficicnt to pay the Escrow Items when due,Lender may so notify Borrower in wr3ting,and,in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shull make up the
<br /> deficiency in no more than twelve monthly payments,at Lender's sole discretion.
<br /> ' ' •, Upon payment in full of ull sums secured by this Securiry Instrument,Lender shall p:ompQy refund to Borrower any
<br /> Funds held by Lender. if.under paragraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or
<br /> ' � sale of the Propercy,shall apply any Funds held by Lendcr at the time of acquisition or aule as a credit agalnst the sums
<br /> r� ' secured by this Security Inswment. �
<br /> �Y� 3. Application of Rtyments. Unless:�pplicable law provides otlterwise, ull payments received by L.ender under _,,,.
<br /> �' � �� . paragraphs 1 and 2 shall be applied:Crst,to uny prepayment churges due under the Note;second,to amounts payable under ��
<br /> �j„ , parasraph 2;third,to interest due:fourth,to princtpal due:and last,to any late chargcs due under the Note. ___
<br /> • 4. Chprges; Liens. Borrower shall pay all tuxes,ussessmants, chargec, Cnes and imposit�ons atulbutable to the __
<br /> !� Property which may attsun priority ovcr this Security Inswment,and leaschold payments or ground mnts,lf any. Borrower
<br /> ' f �. . shall pay these obligations in the munner provided in paragraph 2,or if not paid in that munner,Borrower shatl pay them on �._
<br /> , � time directly to the person owed payment. Borrowcr shall promptly fumish to Lender all notices of amounts ta be paid under r.__
<br /> , this paragraph. if Borrawcr mukes thesc payments directly, Borrowcr shatl promptly fumish to Lender receipts evidencing �:-.
<br /> i the payments. E -
<br /> i Borrower shall prompdy discharge any licn which has priority over this Sccurity Instcument unless Borrower:(a)agrees �,,
<br /> .� : in writing to the payment of the obligation secured by the lien in a munner acceptable to Lender;(b)contests in good faith the �.,,
<br /> � • lien by,or dafends against enforcement of the lien in,lcgul proceedings which in thc Lendcr's opinion operate to prevent the `_:.-..
<br /> � ;, � enforcement of the lien;or(c)secures fram thc hofdcr of the licn an agrcement satisfactory to Lendcr subordinuting thc lien
<br /> � �•"�.� I to thjs Security Inswment. If Lender determines that uny part of thc Propeny is subjcct to a lien which mny attain priority
<br /> over this Sccudty Insuument,Lender may sive Borcower a notice identifying the lien. Borrower xhall satisfy the lien or take �r�
<br /> ' i onc or more of thc actions set forth abovc within IO days of thc giving of naticc. _
<br /> � ; 5. Hazard or Property Insurance. Borrower xhall kcep thc improvementx now cxi�ting on c�reuf[er crected on the
<br /> T ti,. ; Propcny insured again�t loss by firc,hazurds inrluded within the term"extcndcd coverugc"and any other ha�ards,including
<br /> • I floods or fl«xiing, for which Lender rcyuires insurunce. Tl�i� insurunce shall be maintained in the amounts and for the �_
<br /> ; � i::
<br /> Form 302�i 9/90 px+Xe 2 of b�x+grs) �'
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