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<br /> ��•x+� TOdETHBR WITH el! tha improvemente noa or horeatter arected on thc pro rty, and all easements, _
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<br /> • ;�• - appurtenances,and flxtures now or hereatter a Jwrt oi the property.All repincamen�e ond odd tione ehal!�Iso be covered ��:._n�-:�E:::.:.
<br /> by this SeBUdty Instrument.All af tha foregoing is retermd to tn thta Soourity Inatrument es the"Property."
<br /> - BOk1tOWBR COVBNAN'fS thnt Botrower ie Iswtully selsed of tha estete heroby conveyed and hae the right w
<br />—� � grant and convey the Peoperty t+nd tAat the Property is unencumbered,except for encumbrences of record. Borrowor
<br /> �' uarrante nnd will detend generaily the tisle tc�the Prap�srty against all olaims and demands.subject to any dnattmbrences =_=_-
<br /> – -- of rasord. ` -- �
<br /> „""�' THIS 3ECURITY INSTRUMF.NT combinea uniform covenants for nattonal use and non-uniform covenantg wtth [� �_•�
<br /> ' � � Ilmtted variatlons by judsdiation tn constttutsa uniiorm seaudty ine�ttrumentcovering real property. c�!--_�--
<br /> � :�;��-`.�•�. UNIFORM COVBNANT3.Boaower end Lender covei►ant and agcee ae follow� �-;�;;:;fs,�-_
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<br /> i.Payment ot Prinoipsl aad Iaterest;Prepayment aad I.ata Ch�r�ea.Borrower eha11 promptly pay ahen due � =� ,
<br /> ���?:�- -�'� the prinaipal oi and lnterest on tha debt ovtdonced by the Nots and nny prepayment and lats charges due under tha Note. . .� _ _
<br /> �r� ' , 2. Funds ior Tazea�nd Insurance.Subjeot to applIcabttl law or to a wrItten waiver b Lender�Borrowet ehall - �
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<br /> ~' '�a " � p�y to I.ender on the day monthly paymenta are due under tha Nota�unt il t he Note is p a�d In tu l l�a aum("Fun d s")for. :.�,;��,�,;��-
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<br /> ;�Y� ' � ' ' �i (s� yearly taxes and essessmante which may attein priorIty over ti►ts Seaudty Inatcument as a Itan on the Property;(b) �.' , ;��,;
<br /> 3'�' � ''' yearly leasehold payments or ground rents on the Proparty. if any;(c)yearly hazard or property inaurance premiums; ��:� . ��"��s;�' :`..-
<br /> �;, i[ l Y �8 P y pa . . =.. . ,' ". ,.
<br /> �d)yearly flood insurance premtuma, any; e)yearl mort a e insurance remiume,ii an ,and(f)any suma yable
<br /> � , ' � by Borrower to Lender,in accordance with the rovistons of ra h 8,in lieu of the rnent of mort a insurence � � ';+�"��'''� ��. ;
<br /> � ,. P Pa 8�'8P PaY $ Se .: -„�,,:'� �
<br /> premiuma.Thesa itema are called"8scrow Items."Lender may.at any time.collect and hotd Funds In an amount nat ��� �
<br /> :� � to exceed the rmaximum emount a lendar for a fedaraily related mortgage loan may require for Borrower's escrow . +':P A.':'���-
<br /> � account under the federat Real Estata Setttement Procedutes Act of 1974 as amended irom time to tIma, 12 U.S.C. ' ���== '°'��
<br /> �� �� ' Section 2601 et aey.("RBSPA"?�unless another law that appltes to tha Funda sets a lesser amount.If xo,Lender may, •^--�
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<br /> : at aay time,collect and hold Funds�n an amount nat to exceed the lesser amount.Lender may estimate tha amount ot �` �_ � --='=_
<br /> �- Funds dua on tha baeis of current data and reasonable estimates oi ax ditures of future Escrow Items or otheraise in � *='<-�°
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<br /> � accordance with applicable law. �� '
<br /> � � Tha Funda shsll be held in en�nstitutton whora deposits are insured by a federal agency,inatrumerttality.or entity � ;��",:� .:,
<br /> (including Lender, if Lender is such an inetitut�on)or in any Federal Home Loan Bank.Lendar shall apply the Funda to ^ ,: ��*
<br /> �� pay the Escrow Itema.Lender may not charge Bormcver for holding and applying the Funda, annuatly analyzing the . �
<br /> ° � escroa account,or verifying the Eecrow Items,unless I.er►der paya Bonower interest on the Funds and applicable law •• """��
<br /> to make such a char e. However. Lender may require Borrower to pay a one-time charge for an ., .�.�'i.; "'�_
<br /> permtta L.ender � �''
<br /> , • lndependent real estate tax reporting sarvice used by Lender in connection with this loan,unless appl3cable law provides �;,. �
<br /> ' otherwisa.Unleas an s�reament ie made or applicabls law requires tnterest to be paid�Lender shall not be required to
<br /> . • ., pay Borrower any interest or eatninga on tha Funds.Borrower and I.ender may agree in writing.however,that interest ��;
<br /> � „ –=. shs!!be paid oa the Fun�.i,ender shall give to Borrower,without charge, an annual accounting of the Funds,showing • , ;•„�;,��
<br /> credits and debits to t he Fun d s an d t he purpose for which each debit to the Punda was made.The Funds are pledged es � "F
<br /> addittonal s�ecurity tor all aums secured by this Security Inatrument. ;,u:-�,'' i
<br /> � I[the Funde held by Lender exceed the amounta permitted to be held by applicable law,I.ender shall account to • . : ��'�•
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<br /> -� � Borrower for the excess Funds in accordanco with the requirements of applicable law. If the amount of the Fundr;held � }: �
<br /> by I.ender at eny time ia not sufftcient to pay the Escrow Items when due� L,ender mey so notify Borrower in writing, . ^z'` ��
<br /> • and,in such case Horrower shall pay to I.ender the amount necessary to make up the dei'iciency.isorrower shat t make ,. � � �-
<br /> up the deticiency in no more than twelve moathly payments.at Lcnd�r's sole discretion. r���'
<br /> Upon payment in full of ell sums secured by this Security lnstrument�I.ender ahall promptly refund to Borrower , ��
<br /> any Funds held by L.ender. If, under paragraph 21, Lender shall acquire or sell the Property. I.ender, prior to the .. • ,
<br /> ' acquisition or sale of the Property,shall apply any Punds held by I.ender at the time of acquiaition o�sele as a credit ;` � "'
<br /> • , against the sums secured by this Security Instrument. �+' �
<br /> 3. Application of Paymeats. Unless applicable law provides otherwise,all payments received by Lender under „ t �•:_,Sl�=
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<br /> , paragrephs 1 and 2 shall be appiied:first,to any prepayment charges due under the Note; second,to amounts payable ; ��,•�
<br /> � � under paragrap 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note. � i:i'� •�
<br /> 4. Charg�; L{ens:Borrower ahall pay all taxes,essessments, charges, fines and impositions attributeble to the
<br /> � Prc�party w}iicii may ottain priority over this Se�uritp Instrument, and leasehold payments or graund rents, if eny. _ _
<br /> � }3orrower shall pay these obligations in the manner provided in paragraph 2,ar it not paid in that manner, Borrower ` • "
<br /> � shall pay them on time dirrctly to the person owed payment.Borrower shall promptly furnish to I.ender all notices ot �
<br /> � amounts to be pai d un der t his pa ra g r a p h.I t$o r r o w e r m a k e s t h e s e p a y m e n t s d i r e c t l y, B o r r o w e r s h a l l p r o m p t l y t u rn i s h ..
<br /> to Lender receipts evidencing the payments.
<br /> • Borrower shalt promptly discharge any lien which has priority�ver this Security Instrument unleFS Rormwer.(a) ,
<br /> agrces in writing to the payment oi the obligation secured by the lien in a manner acceptabie tu Ixnder;(b)contests in •
<br /> good faith the lien by,or defends against entorcement ot the lien in, legal proceedings which in the I.ender's opinion
<br /> � operate to prevent the enforcement of the lien;or (c) secures frorn the holder of the lien an agreement satisfactory to I
<br /> � Lender aubordinating the lien to this Security Instrument.If I.ender determines that any part of the Property is subject
<br /> to a lien which may attain priority over this Security Instrument,Lender may give Borro�ver a notice identifying the ,
<br /> lien.Bortower shall satiafy the lisn or take one or more of the actions set forth abo�•e tvithin 10 days of the giving of :
<br /> � notiCe. "
<br /> Form 302E 9/90
<br /> •` �-8R(NElre+oe�o+ P•o. �e�e �nteo�s
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