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<br /> TOa6fHBR WITH uil tho improvemenu+now or herenfeer erected an tho property�nnd�11 eusemenu+,app►utonanccs, °� - -�
<br /> - and tixtures aow or here�fcer a pArt of the property. All neplacementa and sddittona shall ulsa bo covered by this Security
<br />__ Insuument. Ait of tho foregoing ia refemed to in this SecutFty Innuument os the"Property:'
<br /> _�._.--- --.--- -- -� BORROWBR COVENANTS that Hrtrmwe�io Inwfully Feised of the eatute hcreby conveycd und htia the ripJ�t to grant
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<br /> ���_...� tuid convey the Property and thnt the Pmpetty is unencumbered,except for encumbrartcea af t+ecord. Borrower wurmi►ts and °
<br /> � wlll defend generaity the titlo to tha Property ug�ina�t all clul�ns and demsnds,subject to eny encambrances of record. � - --
<br />—' THIS SECURIIY INSTRUMEIVT combines uniform covenant� for nadonal use and non-unIform covennnts with �
<br /> .'� �Uw•. limlted vnr�udons by juri�cdiction to conatitute a w�iform securlty inawment covering real property.
<br /> * '� � i•,�''4 UIJIFORM COV�NANTS. Bonower and Lender covenant and agrea es follows:
<br /> � �;•x:. ,� .. ,�. .�
<br /> ' �.':r, • � l. P�yment otPrindpul and laterest=Prepayment�d I.ute Chae�ges. Borrower shall promptly pay when due the
<br /> ' : �;;��: ,;�::��•�,,,�:�•i� principal of and�tterest on the debt evidenced by the Note and aay prepayment and late charges due under the Note.
<br /> _ � , , . � 2. Funds for 7bxes and Insur�. Subject to applicable law or to a wrltten waiver by I.ender,Botrower shall puy to 6:
<br /> ;�;�:•:�:� "'��:� .������' Lender on the dey monthly payments are due under tho Notc, until the Note is paId in full.a sum("P1�nds")for.(a)yearly
<br /> �• d; . ,. �� _ : t a x e s a n d a s s e s s m e n t s w h l c h m a y a tt a i n p d o r t ty o v e r t h i s S e c u s i t y I n s u u m e n t a s a l ien on the Pro p e rt y;(b)Yead y leasehold -� ---- --
<br /> F:� payments or ground rents on the Property. if any; (c) yearly hazard or pmperty insurunce pmmiums; (d) yearly flood
<br /> ;' - � insurance premiums,if any; (e)yearly mortgage insurance premiums. if any; and(�any sums payable by Borrower to
<br /> � - • � '" Lender.in accocdartce with the provislons of paragraph 8.in lieu of the payment of murtgage insurance premiums. These
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<br /> Items are called"Escrow Items•." I.ender may,at uny tlme,collat and hold Funds in an amount not to eaceed the maximum
<br /> ,. ,, . amount a lender for e federally related mortgage loan may require for Borrowera escrow account under the fedeml Real � -.
<br /> � Bstate Settlement Prncedures Act of 1974 as amended from time to ttme. 12 U.S.C.�2601 et seq.("RESPA"},unless enothcr �
<br />- ���-----— luw that apptles to tltc I�ads scts a lrsscr afnount. If sa,Lcndezmay.at any time.wllect assd hold F:setds in a�t sunoesnt not to =___-
<br /> t � exceed the lesser amount. L.ender may estimate the amount of Funds due on the basis of curmnt data and r�easonable —
<br /> � �� estimates of expend�tures of future Fscrow Items or otherwise in uccardance with applicable law. _ _
<br /> The�nds shall be held in an institution whose deposits am insured by a federal agency, instrumentaliry. or entlry �='w
<br /> ,� " . (Including Lender,if I.ender is such an insdtution)or in any Federnl}iome Loan Benk. l.ender shall upply the Funds to pay ,� ,;-.
<br /> •� t[ie Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow ,�;�
<br /> account,or ve�ifying the Escrow Items, unless L.ender pays Borrower interest on the Funds and Applicable law permiu •"�=-�4-=
<br /> Lender to make such a churgc. Huwever,Lender may require Borrower to pay a one-t�me charge for un independent real '�'�`�:-
<br /> ' estate tax reporting service used by I.ender in connection with this loan,unless applicable law provldes othenvise. Unless an ��.�i.�__`
<br /> agreement is made or Applicablc law requires intciest to bc pald,Lender shall not be rcquired to pay Borrower any intcrest or �'��'�„�
<br /> ' �• eamings on the�nds. Borrower and Lender muy agrec jn writing.howevcr,that interest shnll be paid on the Funds. L.ender ..�b •�,;._
<br /> _ ____—:__ chalt gtve to Borrower,without char�e,an unnual uccounung of the Funds,showing credi�c und debits to the Funds and the .,�,,_
<br /> pnrpose for which each debtt to the Funds was mr.de. The E�nds ive pledged as additionai security for all sums secuned by � .
<br /> this Secudty Inswment.
<br /> ' • lf the Funds hcld by Lender exceed the amounts permitted to be held by appltcuble law. Lender shall account to
<br /> � Borrower for the excess Funds in uccordance with the requirements of applicnble law. lf the amount of the FUnds held by
<br /> Lender at Any time is not sufficIent to pay the Escrow Items wt�en due.Lender may so notify Borrower in wddng,and,ln •�z�'
<br /> such case Bocrower sha�ll pay to Lender the amaunt nece�sary to muke up the deficiency. Borrower shall make up the
<br /> . .'.. -...'__ . .. .. • �. . . ....... .. .1.. 4.- �n.lir...n S .. - . ..
<br /> uCUCtcucy�u�tu tuwc u�a�i iwciri,iiiviiu�ij�ia�u��rii;,wi Z...i'iu.f'.+.,��...........T.CA. � -
<br /> Upon payment in full of ull sums xecured by this Security Instrument,I.ender shall prompdy refund to Borrower any ,`v;�' .
<br /> Funds held by I.ender. If,under paragrnph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisit�on or --
<br /> . sale of the Property,shall apply any Funds held by Lender ut thc time of ucquisition or sale ac u crcdtt a�ainst thc sums �
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<br /> secum,d by this Security Inswment. �_
<br /> , 3. Applicetion of Paymenta. Un�es� applicuble luw pmvidc. othcrwisc, ull puyments received by I.ender under -
<br /> i� � ara ra hs 1 and 2 shall be u licd:fint,to an m u ment c;hur es duc undcr the Note;second,to wnounts u able under '°°
<br /> P s p PP Yp P Y 8 PY -
<br /> , paragraph 2;third,to interest due;fourth,to principal dur;und lact,to uny lute churges due under the Note. _
<br /> 4. Charges; Wens. Borrowcr shult pa;� all tuxcs, aesessments,charges, fines and impositions attributable to the �'�-
<br /> Property which may uttain priority over this Security Inmtrument,and Icusehold puymentx or ground rents,if uny. Borrower +��
<br /> shall puy these abli�ations in the manner provided in par.�gruph 2.or if not puid in thut munncr,Borrower shull puy them on
<br /> ° timc direcdy to the person owcd puyment. Bormwer shali prornptly turn�sh to Lcnder utl notices of amounts to be paid under `�
<br /> this parugraph. lf 8orrower mukes these puyments dincdy,Borrower tihull pmmptly fumish to Lender mceipts evtdencing �i .: _
<br /> the payments. r
<br /> Borrower sBaU promptly dischurge any lien whirh has priority ovcr this Securiry Instrument unicss Borrower.tu)agreex I ° •
<br /> in writing to the payment of the obligutian secumd by the lien in a munner acccptuble to Lender;tb)rontests in good faith the ' `
<br /> , lie n b y,o r d e f e n d s u g a i n s t e n f o r c e m e n t o f t h c lien in,ic�;ul prexe�din gs which in the Lendcr'ti o pinion o perute ro pmvent the �
<br /> enfonement of the lien; or(c)secures from the holder of the licn an agmemcnt sutisfuctory to Lender.ubordinating the licn �
<br /> to this Security Inst�ument. If Lendcr detcrmincs thut any pan of thc F�roperty is subject to u lien which may attain priority �
<br /> over this Security Inrtrument,I.ender muy give Bormwer a notice identifyin�the lien. Borrower tihall sutisfy the lien or tuke �
<br /> � one or more of thc actions sct forth abovc within 10 days of thc giving of noticc. �
<br /> 5. Haznrd or Property Insurance. Borrowcr shali kecp thc impmvements now existing on c�reuftcr erected on the !
<br /> Property insured a�ainst lass by firc,h:�urdx included within thc tcrni"extcnded coverage"snd any ather har.ardc,including �
<br /> floods or flooding, for which Lender requireti intiurnncc. This insurunre shull he muintained in the umounts and for the
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<br /> , � Form 3021{ 9I90 I�x,ge 2 nJn�xrKn� �
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