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<br /> " • °. TUC}E'3'HER WITH s�l the impmvementx now or hex+eaf'ter erected on thc property,nnd al1 eas$mcnta.appurtennnces,
<br /> ------ . --- nnd fixtures now or heratfter u purt of the pmperty. All replucements artd addidona shall ulso be covemd by this Security
<br /> � InsuumenG Alf of the fore�oyog is refemed to in th�s Stcurity Inafrum�nt�Q�a"P��rtY• ___ _
<br /> . ' BORROIVER COVENANTS that Borrower iE lawti�ily seisetf of the estate henby aonveyed und ha.g 1he dght to grunt
<br /> ar�d convey the Property and that the Pmperty is unencumbered.except for encumbrances of record. Bocrower wacrantg�d __
<br /> will defend generelly tlie dtle to the�roperty against oll cfaims end demands,subject to any encumbtances of t+eco►d. �-"""'___
<br /> -� � THIS SECURITY tNSTRUMENT combines uniform covenant� fAr nndonal use nnd non•uniform covenunts wlth
<br /> � 1lmited variadons by jurisdiction to constitute a unifonn security Instrument covedn�real property. __.
<br /> UNIFORM COV ENANTS. Borrower and I.ender covenant and agm.�as foUows: ""'
<br /> 1. Payment of Prindpst and Interesu Prnpuyment and I.atc Charges. Borrower shall prompdy pay when dua the ���.�.
<br /> • principal o!and interest on the debt evidenced by the Note and any prepayment and late chargoa due under the Note. �.°��-_
<br /> 2. fiands foc'd�uces uad Imvrance. Subject to applicable law or to a wrltten waiver by Lender.Borrower sh�ll pay ta �.
<br /> Lender on the day monthly payments are due under the Notc,until the Note is paid in full,a sam("Funds")for.(o)yezuly �—o---
<br /> caxes and assessments which may attain pri�rity over tt�is Security Instniment as a lien on the Propeity:(b)yea.rtgr teasehold �—
<br /> . . qraYments or gronnd rents on the Prop�t�r. if aay: (c) Yearly hazard or propeaey inswa�cce premir�ims; fdD Yeae1�► 4tQOd !�-_-
<br /> iRSUrence pu�miums, if any:(e)Yezuly martga�e iasvca¢rs.�e pa�emiu�..if any:aad(�any sus�►s payable by E�vrrmwert ta __
<br /> � , ': I.ertd2r.in aicmrdanee with tt►e provisions mf p�ragra,grR�S.in�neu o�ehe payattzne of eavrtgage eesuv�uece P�+e�uenc. Tpe¢se �-
<br /> , items ae�e cxsD�cd"Escrow Items.' I.end�e¢ceo�y.at aay Yirae.oolEect acr.4fl hold Phrads ia an amoune¢aQ4 Qo exceed the muxiu�ozm _
<br /> � " a�ount a lender for a federally celated mortgage lozsat may�q�ire ffor�omDwer's essrow accovni under th2 federal R¢al
<br /> �state Seulement Procedures Act of i974 as amended from time ta timee,!2 U.S.C.§2�O1 et seq.("RESPA").tanless anatD�er `__
<br /> . law that apg+lies to the Punds sets a lesser amoun� If so,Lender may.at any time,callect and hold Flmds in an�nount not to ��-
<br /> ' exceed the tesser amount. Lender may estimate the amount of Fennds due on the basis of cument data and �easonable ���
<br /> •�•=��� estimates o�ez�nditures of future Escrow Items or otteenrise in accor�lanse with applicable law. �-�,�s;,s:R
<br /> ' �'`''���` The Fauds shalIl be held in an insauedon whose deposits are insured by a federal agency,ec�struatentality.or entity =
<br /> �:�`:�„ • (including L.ender,if l.endfer is such an institution)or in any F�edecal Home Loan��nk. Lendxt s�hcd9 apply tlte Funds W PaY �_�.
<br /> �:�`.:>��; the Escrow I�ems. Lender may not charge Borrawet for holding and applying thr �ua�ds, a�►�ually analYne�B the escr°W '�""=�-
<br /> '`:;�' accoun� or verifying the Escrow Items,unless Lenc�er pays Borrower interest on :rhe F►emsls s�nd appltcable law permits �`�'`'
<br /> ���.
<br /> l.ender to ra�ake such a charge. HoweLer, I.ender may require Borrower to pay a o��-¢�me chnrge for an independent real s.�.,.�___
<br /> estate usx iepoRing service used by I.en�er in connection with this Ie,nn,iu�less applicamle law prnv�des othetwise. Unless au►
<br /> agreement is made or applicable law requims interest to be paid.Lenc�er shall not lae tequired co puy Somower aay[nterest or �_
<br /> earnings on the Funds. Borrower and Lender may agree i��wndng,however.that interest shall be paid on the Funds. Lender e
<br /> __ _, _ __ ___ shall give to Borrower,without charge,an annual accouni�ng of the Punds,showing credits and debits to the Flmds and the ���
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<br /> purpose for ahich each debit to the Funds was made. ,'The Punds are pledged as addidonaI socurity fuc ati sur�s secured 133' ;�
<br /> this Securit�lnstrumenG ��'!��`�
<br /> If the �+nals held by Lender exceec•i the amounts permitted �t�n be held by appltcable Iz�en, Lender shaU account to ��..
<br /> Borrower for tlie excess Funds in accordance with the requirements of applicable law. If the aace�unt of the Fiutds held by =r s.
<br /> ��;�'�' Lender at any time is not sufficient to pay the Escrow Items when due,Lender rnoaX so notaf7+'1Bomower in w[idng.ancD.in �.��.�,''
<br /> such case Bomower s!�'ili gay to Lender the amount necessary to make up the a§eEicienc�. l�arrower shalE make up the . _,�.
<br /> deficiency inno more than twelve monthly payments.at L.ender's sole discretion. 1�;.:
<br /> , Upon payment in full of all sums secure,d by this Security Instrument,L.ender shall prorna��lq refund to Bomower any ,�`���o,'
<br /> • Funds held by I.ender. If,under pacagraph 21.L.ender shall acqui�e or seU the Property.I.endz:g,prior to the acquisition or
<br /> sale of the Property. shall apply any Funds held by i..ender at the time of acquisirion or sale as a cndit against the sums i
<br /> , • secured by tftis Securiry Insaumenc.
<br /> <<�i,.;� 3. �pplicaUon of Payments. Unless applicable law provides otherwise, all payments received b�: �.�ader under
<br /> � paragraphs I and 2 shall be applied:first,to any prepayment chargcs due under the Note;second,to amounra�yable under
<br /> . paragraph 2;U�ird,to interest due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and imposidons attributable to the
<br /> � Property which may attain priority over this Security Instrument,and leasehold payments or�tr�imd rents,if any. Bonower •
<br /> )ti•;., shall pay these obligations in the manner provided in para�raph 2,or if not paid in that manner,Sarrower shall pay them on �
<br /> , ' time directly to the person owed payment. Borrower shall prompdy fumish to LencRcr ali notices of amounts to be paid under
<br /> �"•• �`�� this paragraph. If Borro�ver makes these paymen�c directly,Borrov`er shall promptly fumish tv Lender receipts evidencing
<br /> � .,
<br /> .,+��,��'„ the paymenu.
<br /> '� S 1 -� '.� Borrn.�rr shall promptly discharge any lien which has priority over this Security inswment unless Borrower.(a)ag�es
<br /> •'�`; in writing tothe payment of tf►e obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the
<br /> . lien hy,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the _°
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement catisfactory io I.ender suburaianatang the lien .
<br /> ' • to this Secs�riry Instrument. If Lendcr deterrnines tt�at any part of the Property is subject to a iien which may attain prioriry
<br /> �` � ,t over this S ecurity Inswment,Lender m:�y give Borrower a notice ic3entifying the lien. Borrow�ea xhai➢satisfy the lien or talce ,
<br /> ' '; one or rnore of the actions set fonh uh��ve within 10 days of the gi�in�of notice.
<br /> ' `.� 5. Hazard or Property Insuraace. Borrower shall keep the improvements now existi�eg or hemafter erected o�n thr
<br /> I'roperty insured against la:�bv fire,h�uards included within the ternn"extendec�eoverage"and any other haxards,including
<br /> floais or tloodinF, for�vhieh Lrnder reyuires insurance. 'fhiti insurance shal[ be maintained in che amour�a and for the •
<br /> `�` Form 1928 9/90 fpaRt 2 nj6 paves.
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