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<br /> �' 4" �01979
<br /> — —_ � TWaTtiBR W(TH all tho improvemcnts now or hereoftsr ercctcd on tho proparty,and nU casemcnto,uppurtenances.
<br /> nnd fl�ttnrea now ot hecrAtter a pt�nf tho propetty. Ail reptucamont�and addtdone shall ulso bo cavcred by this Secudty ,
<br /> instrumen� Ali of the fangoing ie re fcme d to in t h iR Securi ry Ins h u m e n t o n t h a"P ro p e r�y."
<br /> BORROWEiR COVBNANT3 that Bom�wer IA IawthUy seieed of tho eswte hereby ennvoycd snd has the rlght to grant
<br /> _------ end convey tlte!'mperty and that tho Property fy u►►encwtiibered.esccept far cncumbmacea of recar�. Bormwcr warranta md
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<br /> wi11 defend genemqy the Ntlo to tho Property ngutn�t all cirilmx and demnndA,subJect to any cncumbrencea of record.
<br /> - ' THIS S�CURITY INSTRUMBNT combinea uniform covenants for nucianal unc und uon-unifonn covcnants ��Ith -• -� - -
<br /> �; limited vuriadons by jurisdictton to con9titute a uniform secu�ity inauumcnt covering e�eul propoety
<br /> � '�� UNIBORM CO'VBNANTS. 8ortower und i.ender covenant and og[co arti followe:
<br /> 1. Anyment ot Nrtncipal and Interest;Prepeyment aad Lat�Charqee. Bomowcr ehn!!prompdy pay when due tho
<br /> p dnc ip u i o f nn d in teres t on tho debt evfdenced b y the Note nnd any prepuyment and late chargea duo under tho Note.
<br /> �, Z. �uude for'll�xee And Ir�aurnrtee. Subject to npplicablo inw ar to a written wuivcr by Lend�t.Borrowcr ehal!puy to
<br /> �: ••..�.. Lertder on the day montbly puymenu+nre due under tho Noto,until tha Note is puid in flill,a Fum t"�nds")for.(n)yearly
<br /> '��. taxos And assesamenta which muy Attain pdoriry over this�ecudty InRaument a�u licn on tho Property:(b)Ycar1Y ie�srsh°!d
<br /> pu ment� or gtound centx on tho Property. it iu►y: (c) yenrly hw.ard or prope�ty insumnce premiuma; (d> yearly 8aud
<br /> � �.��ti�� insumnce premiuma, if nny:(o)yearly mortgage inaumnce premiums,if any;and(fl any Rums puyablo by Botmwer to
<br /> '� �ra�'S lxnder,in accordnnce with thc pmvtsions of psira�graph 8.in lieu aF tho yment af moctgage inaurur►ce premiums. 'I'hese
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<br /> .�,C4�?� x,,��. itema are called Escrow Items. Lender may,at any time,collect und ho d FUnd.s In an amount not to eaceed the m mum
<br /> ,:.;•�,,... •:.�,�� amount a tender for u federnlly reluted mortgafie lopn may req�ire for Borrower's escrow account under the federal Real
<br /> • k���'�• ° "' 6stete Settloment Procedurca Act of 197�a.c amended from timo to Nme,12 U.S.C.�26Q1 et seq.("RESPA"),unless another
<br /> � :,..� _: _. .:" tuw that applies to the F1mds sec.g a IeRS$r nmaunt. if ao,Lender may,at any dme.collect ur�d hold Ft�nds!n en amount not to �. - _.
<br /> �-;=�'•.�ti exceed th$lesser amount. Lender may esdmate thu amount of Funds due on the basia of currenc data and m,usw�ablC -
<br /> 4. ' eatiniates of expenditures of futute E.�crow Items ar otherwise!n accordance wlth appltcable law.
<br /> �� 'Che Funds shaU be hcid in an Mstitutlon whase depocits uc�c insured by A federnl agency, tnsuumentality.or cndty �,w__ __
<br /> �' (including Lender,lf Lender is such an institudon)or In any Federnl Home l.onn Bank. Lender shs�ll apply the Funda to pay _
<br /> • the Fscrow Items. L.ender may not charge Horrower for holding and applying the Funds,annually unulyzing the escrow �__ _
<br /> � "' account, or vedfying the Escrow Items,unleas Lender pays Horrower interest on the Funds and appl{cuble law pertnits ----
<br /> , ., Lender to make such a charge. However. L.ender mayrequim Borrower ta puy u one•time charge for an independent real �-__
<br /> .. eatute tex reporttng service used by Lender ln connectton wlth thfs loan,unless upplicable luw Qrovtdes otherwtse. Unless an _ -
<br /> ngreement is mnde or upplicable Inw mquires Intcrest to bc paid,Lendcr shall not bc requtred to puy Bonower any Intercst or 's;'•_
<br /> ' �� carnings on the Funds. Borrowerand l.endcr may ngrcc in wdttng,however,that interest shall bc paid on the F�4nds. Lender ��.: `i;;_
<br /> • �� shall give to Borrower,without churge, an annual accounting of the Funds,showing credits and debits to the Funds end the : ik.--
<br /> °� -- p���►oce for which euch debtt to the FLndg w�s made. The Funds are pledgcd us udditional security for all sums secumd by � •� +•
<br /> _ . this Securiry Instrument.
<br /> If the Funds heid by Lender excecd the amounGs permitted to be held by applicuble luw, Lender shull account to
<br /> � �� Borrower for the excess Funds in accordance with the mqu►rements of npplicuble law. If the umount of the Funds held by .
<br /> Lender at any time ia not sufficient to pay the Escrow Items when due,Lender may so rtotify Borrower in writin�.and,�n -
<br /> . , such cuse Botrower shail pay to Lendcr che amount necessnry to mt+ke up the de�ciency. Borrower shall make up the .-
<br /> ___;�.._-_..____.:._ deficiencv in no more thun twelve monthlv payments,nt Lender's xole discretton.
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<br /> • � Upon payment in full af up sums secumd by thi.r•Security Instrument.Lender shnll promptly refund ro tsonower nny _
<br /> Funds held by Lender. If,under parageaph 21, Lender shaU acquirc or sell the Properry. Lender,priar to the acquiaition or
<br /> �� sale of the Property,shnll apply any Funds held by Lendcr at the time of acquisition or snle as a cmdit against the sums
<br /> secured by this Secudty Insuument. �•�.�`.
<br /> 3. Application of Payments. Unless�pplicable law provides otherwise,all payments received by Lender under
<br /> , paragraphs 1 and 2 shall be applied:first,to ony prepayment charges due undcr thc Notc:second,to amounts payablc under
<br /> , puragraph 2:third,to tntemst due;fourth,to principA!due;and la�t,to any late charges due under the Note. ,;
<br /> • 4. Charses; Ltene. Borrowcr shnil pay all taxes,ussessmenu, charges,fines und impo.r•iiions uttributable to the �
<br /> � Property which may uttain priority over this Security lnstrument.and leasehold payments or gr�und rents,if any. Borrower �
<br /> � shall pay these obligations in the munner provided in par.�graph 2,or if nat paid in that manner,Borrower shnU pay them on
<br /> - � dmc dircctiy m the person owed pnyment. Sorrower tihntl pmmpdy furnish to Lender ull notices uf umaunts to be p�id under
<br /> :� ' this parngreph. if Borrower mukes these payments directly, Borrawer shull promptly furnish to Lender rece[pts evidencing
<br /> the payments.
<br /> Borrower shn11 promptly dtscharge any lien which hac priority over thi�Security Instrument unless Borrower:(a)agrees
<br /> in writin�to the puyment of the obligution secured by the lien m a munner acceptable to Lender,tb)contests in sood fnith the
<br /> � lien by,or defends asainst enforcemenc of the lien in,Ic�al proceedings which in the Lender's opinion operate to prevent the „
<br /> ' enforcement of the lien;or(c)secures from the holder of the licn nn ugreement sutisfuctory to Lender subordinating the lien
<br /> to this Securiry Instcument. If I.ender determines thut any part of ihe Property is subject to a licn which may Attutn priority
<br /> • , over this Security Inswment,Lender may give Borrower u notice identifying the lien. Borrower shall satisfy the lien or tuke
<br /> one or more of the actions set fotth above within 10 days of thc givin�of notice.
<br /> , 5. Hazard or Praperty Insurance. Borrower shall keep the improvements now exi�ting or hereafter erected on the
<br /> .� Properry insumd a�ainst loss by�re,hazsuds included within the term"extended covernge"und uny othc�hnzards,including
<br /> ' floocls or floading, for which Lender mquims insurunce. 'fhis insurnnce shall be muintuined in the umounts and for the
<br /> � � Form 3028 9/90 (pu�e 2��n��Kesl (
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