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<br /> TOC3ETklSR WiTi�I all the improvements now on c�reufter er�cted on the�rope�aTnd aU e�e�men s, pp�irtenunr,�s. !
<br /> _ - — and flxtures now or hereafter a part of the pmperty. All replacements and additlona shall alc�ba covered by this Secudty '
<br /> - - InattumonG AI!of tho fongofag is rcfeired to in tbis Security Inswment es the"Proporty." �
<br /> --- - BORROWER.COVBNAM'S that Horrower ts lawfully selsed of tho estato hereby conveyed and has tho dght to grant ;
<br /> � and convay the Property und that the Prope�ty is uneacumbened.exapt for encumbrancas oP nrord. f�oirower wacrents aad
<br /> - � will defencl generaliy the dtle ro the Prapeny ag�ast all cloims and demands.aubject to any encumbmnces of record.
<br /> THIS SECURTTY WSTRUMEI�IT combines unifo:m covenants for nadonal uso and non•uniform covenunts with `
<br /> �r: limited�ariadona by judsdictlon to consdtute a uniform security instrument coved�g real pmperty. �
<br /> . UNIFORM COVBNAIV'fS. Rorrower and Lender covenant and agnee as follows: �
<br /> i. Prnyment ot Prlacipd s�ad Interest;Prepxyment and Gxte Ch�cgea Bomower ahail promptly pay when dua the
<br /> principal of nnd intercat on the de6t evidence�by the Noto and any prepayment and inte charges due under the Noto.
<br />" 2. Fundn for 7Lxes wnd InsurArne.SubJect to uppiicablo luw or to u written waiver by Lender.Horrower ehail pay to
<br /> - Lcndcr on tho dny momhly pnyments ur�e due under the N�to. until thc Nato iR puld in fldl,a aum("Funds")for.(o)yeurly ____
<br />- taxex and usseRSmentA which msy attain prior�ty over this Sccurity Inatrument ua a Nen an the Pmperty:(b) ew.ly Ieasehold
<br /> .;:�;A;;�:; , puym�nts ar ground Mnta on tho Prapc►ny, iP any; (c) yc�uly haacud or propccty fnsurancc premiumn; �d) yeurly tlood
<br /> �:: =.,�-�;�.;�:�^'� inRUranco prcmiume, if any; te) yeurly mortgAgo inxurunco premiumx. if uny; und(�uny suma payable by Barrawer ta
<br /> �� ��.`-�"��•:` •;,'�.�; l.cnder,ln acccndunce wlth the pmvfalana of paragroph R,In licu aP the puyment of martgogo inRUranco p�emiuma. Thcao •
<br /> - ..;,T.;• •.. .;`'• itema ure culicd"E?�smw Item�." l.endcr may.ut uny time,coUect and hatd E'unds in un amount not ta exceed the miueimum
<br /> �;� ;�`+�*�" nmuunt u Icnder fnr n federally rolnted mortgoge loon muy requiro for Barrawer'x escrow ncaount under tho federal Reul
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<br /> ,.,r . � , ,r;« �state Settlement Pracsduroa Act of 1974 as umended Pram timo to tfine.12 U.S.C.$2601 et seq.("RESPA"),unlesa unother -
<br /> '';;"' _ luw thut upptic.tu th�FunJb eetx u le.rser onwunt. tP eo.i.endee may,at any dme.coitect nnd hatd l�unds in un nmount nat to �-
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<br /> ,. ° �� . azcced thc 1esACr amount. Lender may catimate the amounc of Punds duc on the ba.giR of cuncnt data an� reasonuble --
<br /> er�tfmate»of expenditures of future�.scr+ow Itema ar otherwise in accordanca with uppIlcnble law.
<br /> � + , _- The Fl�nds shall be held In nn instttudon whose deposita iu+e in5ured by a fcderal agency. inswmentality. or endty
<br /> �..�� " (including I.ender,if Lender is such cue insdtution)or In uny Fedoral Home Loan Bank. I.endcr shall apply tho Funds to puy
<br /> �• � the Escrow Items. Lender mey not charge Borrower for holding and applying the�nds. annually analyzing the escrow
<br /> . account, or vedfyfng the Escrow items. unless Lender puya Borrower interest on the Flmds and applieable law permlts
<br /> L.ender to make such a charge. However,4ender mayrequire Borrower to pay a one-time charge for an independeet reaT
<br /> '�,. � estate twc reporting servtce u�ed by L.ender in cannect�on wtth this loan,unle�s upplicabla law provides othenvise. Unless an
<br /> , . ogreement is made or appltcable law requires intcrest to be paid,Lender shall not be required to pay Borrower any interest or
<br /> eamings on the Funds. Bomowcr und L.ender may ugnee in wrltIng.however,that interest shall be paid on the Funds. Lender
<br /> ,. � shall gtve to Borrower.without char�e.an ennual accoundng of the Fl�nds.showing credits und deblts to the Funds and the
<br /> pnrpose for which each debit to the Funds was made. The FLnds sue pledsed as additionul�ecudty for all sums secured by -
<br /> � this Secudry Instrument.
<br /> . If the Funds held by Ixnder exceed the nmounas permitted to be held by applicuble law, Lender shall account to
<br /> Borrower for the excess Funds in accordance with the reyulnemenu of applicuble law. If the amount of the Funds held by
<br /> L.ender at any dme is not sufticient to pay the Escrow Items when due.Lender muy so notify Bortower In wddng,and,in —
<br /> such case Borrower sh�ll pay to Lender the amount necessnry to make up the deficicncy. Borrower shaq make up the ---
<br /> deficiency in no more than twclve monthly puyments,at Lender's sole discretion. �-
<br /> Upon payment in full of dl sums secured by this Security I�strument,Lender shall prompuy refund to Borrower any ���=
<br /> Ft�nds held by Lender. If. urder parngraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisitlon or '`�"°
<br /> sale of the Property,shall upply any Funds held by Lender at the timc of acquisttion or sale as n credit against the sums . .,
<br />- secured by this Security Instrument.
<br /> t 3. Applicatlon of Payments. Unless applicable law provides otherwise,ull payments received by L.ender under '
<br /> ��' paragraphs 1 and 2 shall be applied: Grst.to any prepaymcnt char�es duc under the Note;second,tn amounts payable under . :
<br /> ;f pacagraph 2;third,to interest due;fuurth,to principnl due;and lu�t.to any lute churges due under the IJote.
<br /> 4. Charges; Liens. Borrower shull pay aU taxes, assessments,churges, fines und imposidons attributable to the
<br /> ' Properry which may attnin priority over this Security Instniment,and lcasehold payments or grc�und rents,if any. Borrower •
<br /> ' shall pay these obligntions in the munner provided in paragrdph 2. or if not puid in thut manner. Barrowcr shall puy them on
<br /> . _ , , time dimctly t�the per��n c►wed puyment. Borrower shuU promptly fumish to Lender all notices of amounts to be paid under �
<br /> : � this paragraph. If Borrower makes these payments directly,Barrower shsll prompdy fumish ro Lender receipts evidencing
<br /> the payments.
<br /> Borrower shall promptly dischnr�c any licn which hus priority ovcr this Security In.trwnent unless Borrower.(a)a�rees �.
<br /> , in writing to the payment uf the obiigation secumd by the licn in a rnunner ucceptable to Lender;(b>contests in good fnith the
<br /> . tien by,or defends uguinxt enf�xcement of the lien in,Ie�;ul proceeJin�s which in the Lender's opinion opernte to pmvent the ,
<br /> enforcement of the lien:or(c►secures from thc haldcr of thc licn un a�rcement satisfuctory to l..cnder xubordinatin�the lien
<br /> to this Security Instniment. If Lender detemiines that uny part uf the Propeny is subject ro u lien which may uttuin priority
<br /> _ over this Securiry Instrumcnt.Lcnder may give Borrowcr u notice identifying the licn. Borrowcr tihaU satisfy the lien or take
<br /> one or more uf the uctiuns set Wrth utx�ve within 10 duy�uf the giv ing uf nutice, f
<br /> ' S. Haznrd or Property Insurance. Barrower�hull kecp thc improvcments now exisiing on c�reafter crccted on thc I
<br /> ' Property insumd aguinst loxs by tirc,huzanis included�vithin the tertn"cxtcnded coveragc"und any other huwrdx,including
<br /> ' floods or flooding, for whirh Lcndcr rcquircs insurancc. Thi. inwruncr shall hc maintuincd in thc amounts und for thc •
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<br /> ' Furm 3uix 9/90 �ln,Kr 2 njb�uixes 1 �
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