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<br /> TC)(i�TH�ER'W�TH sll tha impxaver�ntr naw�r herrxRer eroctal on the propeny�an�i x�i,�S'n"�tr��r���.ami
<br /> Cxtures nciw or.hareafter a pnrs uP thn pmperty. All repl�cemrnte �►rd �dditions ah�ll dsa be cavsred by thi� Sep►ric,y
<br /> __.-_.__.,,s�,�,_ Irtstrumcm.All af tho foregoing is neferrest to in this S�urity Instrument ae tho"Aroperty « ..
<br /> �v H�'l1tROW�R C�7Y�NANTS that iis�rrawcr Ia Irwttdly Aels�ed af tha estaSe hrreby conveyed�nd h�the d�ht ta gn�nt�ord '
<br /> convey the Rrapercy and�het the Pruperty Is une�x:+xmbered, oxr,cpt for encu�mbranc�s of recurd. Rcitruwer wurrrnt�anQ s�[tt �
<br /> - dcfend gcncr.�ity th�titlo to tho Property agalast�II claimg pnd danands�subjcct w e�y sncurnbrunccs nf recanl. �
<br /> � 'PHIS SBCU1�17'x'INSTRUM[?NT combi�xs unfforn�cavenantR f�r nvltQana!ust a�xt nnn-uulform oavensuus wtth iimitqdl
<br /> vadations by jurtKiiction to constituto a uniform bocurity lnstrumens caverfng rCal propsrty.
<br /> -:-_ - -- --� UNIFOLRt�d COV�N�IVT'S.�OCrOt�CP efltl l�R��'T�vgn�ni n�f ngre�es follo�vs: —_
<br /> - 1. �ent oi lMacip�l aod Intercat; Prepsyment Arol Late Cbargcs. Borrawer sha�! pmmptty �V when aduc the
<br /> �_____�_..— pr3nclQal oP and interest on the debt evfdcnc�d by tho Nota end uny preFayment and Inte chargee dao usxler tho Nato.
<br /> - 2. Fnnds for Taxes and Inswaunce. Subject to applicable Inw or to o �vdtten w�iver hy S.ender. Barm�v�r shult pay to
<br /> Lender on die day raontGly payments are due under the Note.until tho Note is pnid in t1u11.n sum{•Funds")tor:(s�)ycarly tiu�es
<br /> _..���� and assessmenla whtch may attain prtodty over this Secudty Instrument as A lien on the Pruperty;(b)yearly Ieasehotd pnymente
<br /> --_--=--' -_ __� or�rau�reats on the Property.if any;{c)yearly hn��ntd�r�rol►�:rty insurancx�pnemiums;(d)yeurly flood iasuPanee prGmiuma,
<br /> -_���� if,a.t�;(e}q�ly�ortgage insurance prerrliums. if uny; and (�uny sums Qs►ynble by Borrower W Lettder. in accor�dance wlth
<br /> ____:__-._ -- u���3rovcsio�s ef,Qar�ph 8,in Iteu of tha payment of mortg�,,rre cnsursrnce�src�niums.Theso ltems are cAlled"Bscrow Items."
<br /> ""����''�a,- Lender ms►y. st�qyr enme, oollect and hold Funda in en amu:�.c�aar,ta eacra�d the mtutimum nmount a leader for n f�derally
<br /> °��`'"r"� g g ma�r � f�ederal Real Estnte Settlement Proc�dures Ac�o�
<br /> �„�.• related mort a e a2�n 'r.ce for Bornower's essrotiv�qcou�as cunde�thy.
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<br /> `-���:�.. ' 1974 as amend fronx tiae¢eo e�ca�, 12 U.S.C. Section 26iAA et seq.("RES3PA").unless nnother law that applies to t�t.e iFu.r.��s
<br /> -'`"� � i�r` seis a lesser amauau. IIf s�+,H.em�er ma , at any dme.colle�arr��uvld Funds in un�cr,a�uczt not to exoead the lessr�r r�ru�acan.
<br /> t.�,�'�.�'�n, y sra
<br /> - '••��k=::... L,ender may estic.varee r��4e amaea�u o4'Fuaclv due on We basls oG'c�cfeat c4ata 2u-td ceas�,�Ct€e�s�ec�ai�of e , L��t�s og fut� �
<br /> •�:i�;�•' ,, Escmw Items or os�e�ri5e 6n acoordanoa with applieable law.
<br /> :.,;,,:,: •
<br /> �``'`t'��': 'I'he Funds s1�a1C 6e 6eeId in an institution whose detvosies a�re insured by a foderal age�zcy. ituCce�ea.tality, ap entity
<br /> �' ' (inctu�nFr,g 1[Rnder,if Y.ender is such an lnstitution)or in eny 1Fede.��1 Home Loan Banh.Ian�e�sha�l a,p�ly tke Funds to pay the -
<br /> -`,�'�;;�:;.:.r�'::`"'•° �' Es`aowr�►_��ns.Lender ma not cb e Bornower for holdin aad 1 in the Furtds.anar,aald anal zi the escnow account.or
<br /> ,. .,. �•. Y � E 8PP Y S F Y �
<br /> • t�.,y ; , - verctySQng ade Escrow Gaems.unless Lender pays Borrower interest on We lFw�s ared applicaDfe luw permits Lender to make such
<br /> ��.�.• a rharg�e. However.I.ender may requirc Borrower to pay a one-time charge Cor an independent real estate tax reporting servIce
<br /> ;,,:,,.;:�'�' ,�; used by Lender in connaction with this loan, unless applicable law prnvides otherwise. Unless an sgreement is made or -
<br /> � � ``r� applicabte Iaw requires interest to be paid. I.ender shall not be required to pay Borrower eny interest or pmings on the Funds.
<br /> ' ' �`' • Bormwer and I.ender may agree in writing.however.that lntemst shall be paid on ttze Faa�s. Lender shall give to Bornower.
<br /> . ' wlthout charge, an ana�uel accounting of the Funds, showIng credits and debits to the Fuads�zd ahe guerpose for which each
<br /> _. dcbii ta ilic Furals uas m�dc.Thc Furtdo ase pla3gw as�d3tions!:.ecxtritl;for s!!�:.ec�re�f o,� :��usisy Iasts�t. _-
<br /> If the Funds held by Lender exc.eed the amounts perntitted to be held by applicable law.Lender shai�ac�wunt to Born�wer
<br /> for the excess Funds in accordarece with the requirements of applicable Iaw. If the amount of the FuAds held by T.ender at any
<br /> , , time is not sufficient to pay the Escrow items when due,Lender may so notify Borrower in writing,and,in such c�se Borrower
<br /> shall pay w Lender the amount necessary to make up the deficiency. Borrower shall make up the defieiency in no more than
<br /> ' � twelve monthly payments,at Lender's sole discretion. - .
<br /> � Upon pxyment im full of ali sums secured by this Security Instrument, I.ender shali promptiy refund to Borrower any =-_
<br /> � � � ' Funds held by I�ender. If,under paras�aph 21,Lender shall acquire or sell the Property,L.ender, prior to the acquisition ot sale
<br /> . ' of the Property, shall apply any FuncEs held by Lender at the time of acquisition or sale as a credit against the sums scxured by
<br /> , � ' this Security Instrument. -
<br /> .' ' 3. Appticadon off Payments.Unless applicable law provides otherwise,all payments�eceived by Lender under paragcaphs
<br /> - 1 and 2 shall be applied:first, to any prepayment charges due under the Note;second.to amounts payable under pazagraph 2;
<br /> third,to interest due:fourth,to pr�ncipai due;and last,to any Inte charges due under the Notc.
<br /> . ��.Lr�� .;. 4. �hat�ges;Ltens.Bonower shall pay all taxes,assessments, charges, ftnes and impositions attributable to the Property
<br /> �."•}�r , which may attain priority over this Security Instrument, and Icesehold payments or ground rents, if any. Borrower shall pay
<br /> th�e obligations in the marmer provided in paragraph 2,or if not paid in that manner, Borrower shall pay them on time directiy
<br /> to the person otived payment.Borrower shall promptly furnirh to L.ender all notices of amounts to be paid under this paragraph.
<br /> `'" If Borrower makes the.se a ments directl Bormwer shall rom tl fumish tc►l.ender recei ts evidenein the a ments.
<br /> PY Y• P PY P S PY
<br /> •� �� Horcower shali promptly diseharge any lien which has priority over this Security Instrument unless Borrower:(u)agrees in
<br /> :;�i%; writing to the payment of the obligation secured by the lien in a manner acceptable to txnder;(b)contests in good faith the lien •
<br /> " by, or defends againsrt enforcement of the lien in, legal proceedingc which in the C.ender's opinian operate to prevent the
<br /> enforcement of the liear.:or(c)secure�fmm the h�lder of the lien an agreement satisfactory to I,ender su��rdinating the lien to
<br /> this Security Instnsm:��t.If Lender Jetermines that any part<�f the Property is.ubject to u oien w•hich may attain priority over �
<br /> �'� � th4s 5YC::r�ry �nsinernevct.Lender may give Borrower a notice identifying the lien. Borr�nver shall satitify the lien or take one or
<br /> ' `��, mov�ay`e(:z aetions set fonh abo���.�•echin 10 days of the gi�•ing of noticc.
<br /> Fo�m 302� 8/90
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