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<br /> r�aECORO�o 9� �OjB'� J4
<br /> � """°"``'� TOflIITHBR�'�'PfH uli thc Impnovemonte aow or heren�tcr arec:tal on tho Iaopr.rty�and all euacmenw,appu�tenancce. � _ _ _ _
<br /> nad fixtnres anw or hereafter a paft of the propeny. All replacamMits and addiNona ahui{nlso bo covered by this 5ecurity
<br /> . Insttumen� All oq tho fongoing!a nfened ta In this Securlty Inswment as tho"Ptoperiy:'
<br /> BORROWBR COVBNAIJT3 that Bortower is lawtl�lly seised of tha eatate hereby conveycd und has the dght to gcant
<br /> -_� ° and convay the Pmperty and that the Property is unenrur��ee�e.d,except for encumbeancea ot record. Borrower warrAnts And
<br /> . - will defend generaUy the dtle W tho Property againat all etoims tu�d�lemnnda,subject t�any encumbrances of reco�+d.
<br /> " THIS SECURTfY WS"fRUM�NT sombines uniform covenenta for nationui axa +uid non-unifonn cavcnonus vdth �-- ----- ----
<br /> - Wnit�varIsdons by jurlsdicdan to consdtute a unifotm secucity insuument covering real property.
<br /> UNIFORM COVBNANI'S. Borrower and Lender covenant and agree as followa:
<br /> i. Payraent ot Prtndpa!w►d Intensu Pi+ep�yment wad Lwte Charges. Boisower shell promptly pay when du�the
<br /> principal of and interest on the debt evtdenced by the Note and eny prepayment and Ince charges due under the Note.
<br /> 2. Funds tor'li�es and InsurAnce. Subject to applicable law or to a wdtten waiver by l.ender,Bonower ahall puy to
<br /> �''• I,cnder on the day moatlily payments are due nnder the Note.until the Note ie paid tn full.a sum("Funda")for.(a)yearly _
<br /> :. ; texes and assessmenta which may nttain prlority over thts Secud�+Inahument ua a Hen on the Property:(b)yearly leasehatd
<br /> ;s. _. pnyments or ground renta on the Property. if any; ce) ye��y hazard or property insurance premiums: (d) Yeariy flood �- -- -
<br /> � ;� •:`"r�=�7 insurartce premiums.if a�ry: (B)Y�TI mortgage insurnttce premlums. if any:and (� anY sums payable by Borrower to
<br /> .;. ��., :
<br /> ' "�„��w�* L.ender.In accordeuce wlth the Pmv is oas o f puaagmp h!3,i n l iau o f t h ep a y m e n t o f m o rt g a g e i n s u r a n c e p r e m i u m s. T h e s e�
<br /> `�';; �i;,�;. ',.' ; j��s are called"Fscrow Items." Lender may.at any tlrae,collect and ho ld Funda ln an amount not to exceed the maximum -
<br /> ,� �-v:*. „
<br /> „ �,�,y,�,�� amount a lender for a federaUy related mortgage loan may cequire for Sotrower's escmw account under the federat Real
<br /> �.�2:;:•. c.-• ?. Estate Settlement Procedures Act of 1974 as amended ftom dme to Hme. 12 U.S.C.$2601 et seq.("RESPA").unless another
<br /> �� ' � �"'� '``���� Ipw rhac anpiiea to the Funda sets a tesser umounG If so.Leade�may.at eny dme.collect and hoid Funds in an emount rtot to
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<br /> ' �` �� ��� �^�' exceed tbe lesser amounG I.ender msy esdmate tho amaunt of Punds due on the basts oi cwr�,mt data and reasona e =-�-- - -
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<br /> � � estimates of expeaditures of future Escmw Items or otherwise in accordarece with appUcable law. �-
<br /> T he Plinds shall be hald in an institution whose deposits arc Inaured by a federal agency, instrumentality�ar entlty ��--�;,,
<br /> ���� ' ; °. � � (lncluding Lender,if Lender is such an Instltudon)or in any Fedetal Home Loon Bank. Lender shall apply tha Funds to pay .���_
<br /> � � the Bscrow Items. Lender may not cher�e Borrower for holding tu►d applyin�the Funds, annually analyzing the escrow .��_
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<br /> �� •. account, or vedfying the Fscrow Items, unlesa I.ender pays Borrower interest on the Flmds and applicable Iaw permits r•. ._�.
<br /> � " � I.ender to make such a charge. However.L.ender may require Borrawer to pay e one-time charge for an fndependent real ,�„.'..r«�
<br /> � " estate tax reporttng service used by L.ender in connection with this loan,unless appllcnble law provIdes otherwIse. Unless an �.�
<br /> . agreement fs made or applicable law requlces interest to be paid,Lender shall not be c+equimd to pay Borruwer any interest or _ _
<br /> „ earninss on the Funds. Barrower and Lender may agree in wridng,however,that Interest shell be paid on the Flinds. Lender � � �.�:'�-,. _
<br /> , , ,; shall give to Borrower.without charge,an annual accounting of the FLnds,showing credits end debits to the Funds and the ,. �
<br /> _ _ ' purpose for whIch each debit to the Funds was made. The Ftmds are pledged as addidonal secudty for all sums secured by '�
<br /> . . •k
<br /> — thjs Secudty Instn►ment. • , `
<br /> �� If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to
<br /> Borrowcr for the exeess FLnds in accordance with the reqwrements af applicable law. If the amonnt of the FUndc hetd by '.� , -,
<br /> �,i Lender at any time is not sufficient to pay the E.scrow Items when due, Lender may so notify Borrower in wdtin�.and,in ,
<br /> � , ��� ' such case Borrower shalt puy to Lender the amount necessury to make up the def3ciency. Borrower shull make up the
<br /> '� , defciency in nn m�re than twelve monthly payments,at L.enderk sole discretion. _______
<br /> � i Upon payment in fult of all sums secuned by this Securiry Instrument,Lender shall promptly refund to Boaower any
<br /> • Funds held by Lender. If,under paragraph 21.Lender shall ucquire or sell the Property,Lender, prior to the acquisition or �
<br /> sale of the Property�shall apply any Ftinds held by I.ender at the time af acquisition or sale as a credtt agalnst the sums �
<br /> � secured by this Securiry Instrument. � ��
<br /> ., •• � 3. A,pplicatton of Payments. Unless appliaable law provides athcrwise, all pnyments receivcd by Lender under •p���;
<br /> , paragruphs I and 2 shall bc applied: first,to any prcpAymenc churges due under the Note;sccond,to amounts payable undcr .�,�,Y�
<br /> � paragraph 2:third,to interest due;fourth,to pdncipal due;and last,to any late charses due under the Note. ' ��—�
<br /> 4. Charges: Liens. Burrower shall puy all taxes, asscssments. chargcs, fines and imposidons attributable to thc �,J��,'`
<br /> I Property which muy attain priorlty over this Security tnstrument.iutd leasehold payments or�round rents,If any. Borrower y�,�:�
<br /> sha11 pay these obtigatIons in the manner provided in pnnigraph 2,or if not pnid in that manncr,Borrower shall puy thcm on •
<br /> - �� dme dimctly to the person otived payment. Borro�ver shall promptly fumish to i.�nd�r.�li notices nf amounts to bc puid under ._ . _. ..
<br /> this puragraph. If Borrower mukes these puyments dtrectly. Borrower shall promptly fumish to Lender receipts evidencing I . _
<br /> thc payments. (
<br /> Botrower shall promptly discharge uny lien which has priority over this Security Instrument unless Borrower:(a)a�mes .
<br /> • in writing to the payment of the obligation secured by the lien in a manner ucceptable to Lender;(b)contests in�ood faith the .. •, -
<br /> � lien by.or defends against enforcement of thc licn in,lc�:il prcucedings which in thc Lender's opinion operatc to pmvent the
<br /> enforcement of the lien:or(c)secures from the holder of the lien An agrecment satisfnctory to Lender subordinating the lien
<br /> � , to this Security Instrument. If Lender determines thut any purt of the Property is subject to u licn which may uttnin priority
<br /> c. ' � over this Secudty Instrument.Lender may give Borrower u notice identifying thc lien, Borrower shall satisfy the lien or take
<br /> one or more of the actions set forth ubove within I O days of the giving of notice.
<br /> S. Hazard or Property Insurance. Borrower shali keep the improvcmcnts now existing or hereafter erected on the
<br /> • Property insured aguinst toss by flre.hazards inciuded within the term"extended coverage"und any other hazards,including
<br /> floods or floodin�, for which Lender mquires insuruncc. This insurunce ,r•hull he maintained in the amounts und far the '
<br /> ' ;.
<br /> • Form 3028 9I90 f�ruxe 2 nJb�k+Re�l I
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