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<br />"-��-�°—�'"����' 'f0(iETHBR WITH olf the improvemcnts now on c�rcafter erected an tho property.nnd nll ca5cments.appunenuncas. _
<br /> ' nnd fixturea now or hereufter a part of ttte property. All replacements and additions chall also be covct+ed by this Security
<br /> � Insuument. All nf the foregoing is refeaed to In thts Secudty Ineaument as ihx"Property."
<br /> I BORROWER COVBNANTS that Borrower Is lewfuily seised af the estate hemby conveyed and hns the dght to gmnt
<br /> and convey Ute Ropertyr and that the Property is unencumbered,except far encumbrnncea of recard. Borrower wa�rants ar►d
<br /> - —� wiil defend genernlly the dtlo to the PropeKy uguinat all cinims and demnnds.subJect ro any encumbrnnce�of record. L
<br /> -- ----- -- TH1S SECUEtiTY tNSTRUMENT combincs uniform wvenunts for ru+tiona! use and non-uniform covenants with ____
<br /> +����i Itmited varladona by jurisdlction to constItute a unifotm securlty inatrument covedng taai pmpeAy.
<br /> UNIFORM GOVENANTS. Borrower and Lender covenant and s�gree us follows:
<br /> � 1. Pnyment ot Prirtciput and Interest;Pirepayment and Late Charges. Borrower shall promptly pay when due the
<br /> � principal of and interest on the debt evidenced by the Note end eny prepayment end tate charge�due under the Note. _
<br /> �'�' • 2. Funds tor'lhxes and Insurance. Subject to applicable luw or to a wrinert waiver by L.ender,Borrower shal�pay to ____
<br /> � ,�.',,a �• T.,ender on the day monthly payments are due under the Note,until the Note is paid in full,u sum("�nds")for:ta)yearly ___.,
<br /> . ..:;(,t:�;�'' taxes and assessments which may sttain priority ovor this Secudty lnstrument as a lien on the Property:(b)year{y leaschotd �
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<br /> ,,.-:. •� � :. paymenta or ground rents on the Praperty. if any: (c)yearly hazard or property insurance premiums: (d> yeatly flood
<br /> '"�•'.''• � •�. _:� inRUrance premiume,if any: (e) yearly mortgage insurance premiums, if any:und(fl uny sums payable by Borrower to _
<br /> " � `�' '' Lender.In accordance with the pmvisions of paragraph 8,in Iieu of the payment of mortgege insurance premiums. These =_.�
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<br /> items are called"Esccow Items.' Lender may,at any time,collect and hold F1mds in nn umount not to exceed the mnximum tK-t���;_
<br /> .t,r,;�,,:.�,;.'_,;:`A.�; amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real �•:' ":`__
<br /> • Fstate Settlement Procedures Act of 1974 as amended from ume to tlme, 12 U.S.C.§2b01 er seq.("RESPA").unless another t;�._
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<br /> !sW*_}►st enp���;tn nc�F�md��eGq n lesser amount. If ro,Lender may.at any time,callect und hald Funds in an amount not ro r��F���'
<br /> ���• ' exceed the lesser amount. l.ender may esdmate the anount of Funds due on the basis ot curren� dain u,�d �o�,uablc ------•-"-
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<br /> •; �� esdmates of expenditures af future Fscrow Items or othenvtse in accordance with appijcable Iaw. y,,,�:__
<br /> , . • • The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality,or entfty i:;:
<br /> '' � (including Lender.if L.ender is such an insdtudon)or jn any Federet Home Loan Bank. Lcnder shull apply the Funds to pay �:
<br /> � . ' ' the Fscrow Items. Lender may not charge Borrower for holdin$and npplying the FS�nds,annun(ly analyztng the escrow �,;,�►',�'.
<br /> � , account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and upplicable law permits , ��
<br /> Lender to make such a charge. However.I.ender may require Borrower to pay a one-time charge for an independent real � .Y f:
<br /> ` � estate tex reportIn�serv[ce used by Lender in connection with this loan,unless applicable law provides otherwise. Unless an . ,;�;:_
<br /> agreement fs made or applicable law requires Interest to 6e paid,Lender sheil not be requfred to pay Borrower nny Interest or •- ._�
<br /> ° „ � eamings on the F�nds. Borrower and Lender may agrec In writing,howevcr.that inter+est shall bc pa�d an the Funds. Lender
<br /> • � • shali give to Borrower.without charge,an annual accounting of the Funds.showing credtts and dsbits to the FUnds and the ._ .�
<br /> ' ' p w pose for which each debit to the Funds was made. The Funds nre pledged as addltionul securiry for all sums secured by .. -_
<br /> — .. this Security Inswment.
<br /> • If the Funds held by Lender exceed the amounts permitted to be held by applicnble law. Lender shall account ta ��..,
<br /> • Borrower for the excess Funds fn accordance with the requirements of applicable law. If the amount of the Funds hetd by , ,
<br /> L,ender at any ttme is not su�cient to pay the Escrow Items when due,Lender may so aottfy Borrower in wrlting,and,in ..,
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly payments,at Lender�s sole discretton.
<br /> Upon payment in fuq of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower any
<br /> �> FUnds held by Lender. If.under paragraph 21,Lender shall acquire or sell the Property.I.ender,prior to the acquisition or ""�.
<br /> . sale of the Properey,shall apply any Funds held by I.ender at the time of ucquisition or sale as a credit against the sums
<br /> secum,d by this Security Instrument.
<br /> 3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to any pi�epayment charges due under the Note;second,to amounts payable under
<br /> � ', paragraph 2;third.to interest due:fourth,to principal due;and last,to a►►y late chnr�es due under the Note. ,
<br /> • 4. Charges; Ltens. Borrower shall pay all tnxes, assessments, charges, fines and impostdons attributable to the
<br /> '? Property which may attain priority over this Security Instrument,und lensehold payments or ground rents,if any. Borrower
<br /> � shall pay these obligutions in the manner provided in paragraph 2,or if not paid in that manner,Bor?bwer shall pay them on
<br /> - =- - ume dlcectly to the person owed payment. Borrower shalt promptly fumish to Lender nIi notices of amounts to be paid under
<br /> ' � thts paragraph. If Borrower makes these payments dimctly,Borrower shuli promptly fumish to Lender receipts evidenc�ng ,,
<br /> the payments. .
<br /> ° Borrower shull promptly discharge any lien which hns priority over this Security Instrument unless Borrower.(a)a�rees
<br /> �� in writing to the payment of the obitgation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the
<br /> � lien by,or defends agalnst enforcement of the lien in.Iegai proceedings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder of the Iien an agmement satisfactory to Lender subordinattng the lien
<br /> to this Security Insuument. lf Lender determines that any part of the Propeny is subject to a lien which may attain priority
<br /> . �, over this Security Instrument.Lender may give Borrower a notice identifying the lien. BoROwer shall satisfy the lien or take
<br /> one or more of the actions set forth ubove within 10 days af the giving of notice. ,
<br /> . S. Ha�ard cr Property lnsurance. Borrower shall keep the improvements now existing or hemafter erected on the
<br /> Properry insured ugainst loss by fire,hazards included within the term"extended coversge"and any other hntnrds.including
<br /> � I floods or flooding,for which Lender reyuires insurunce. This insurane:e shull be rnaintained in the amounts and for the
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<br /> Form3028 9I90 qxrX�=��1�lk+xesl
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