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<br /> '!'OObTKBR 1MITH all the improvemcnts now or hemattex emcted on tho pruperty.und a11 cusements,appurtennnccs,
<br /> nnd fixtures now or hereatter o part of the propeny. AIi replacements und addldona Aha1t nlso bo caveced by tihie Securiry
<br /> InsuumenG All oF�h�foregoing ts rcfcrred ta in this Securiry Inahument aa thc"Property."
<br /> HORROWBR C0IBNANTS that Rormwer is lewt�lly seised of the estnu hereby conveyed nnd has the r�ght to grartt
<br /> und convey the Property nnd that the P�+aperty la unencumbet�ed,eacept for encumbrnncea of record. Barrower warrants und
<br /> wiil defend generaliy the dtle to the Property against uU claims an�l demends,subjec¢to any encumbrances of tecord.
<br /> THIS SBCURITY INS'1'ttUMENT cambinea unifortn covenuntn for�►sitionul use and non-uniform covenanta with
<br /> 8mited vurfationa by juriedIcdan to consfltutc n unifa�mi securfty insuument covedng mul propeity.
<br /> UI�{IFpRIy COVENANTS. Borrower und Lender covenunt and agrce as folluwa: when due the
<br /> 1. Pr�yment of Prladpal aud Inkrest;Prepoyment�rxl Lste C6arges. Borrower shaU prompQy pay
<br /> prtncipal of aad interest on the debt evldenced by the Note nnd uay prepayment aad late charges due under the Note.
<br /> L Funds tor 71�xes and Imveaace. Su6ject to sppllcable law or to s written waiver by Lender.Borrower ehaq pay to
<br /> Lender on the dey monthly payments ere due undsr the Note,un�l the Note is paid iu fuU.a sum("Fuads")for.(a)yesirrly
<br /> wxes end assessments which may attuin prloiity over thia Securlty Insuumeat as u Iten on the Prnperry:(b)year�Y leasehold
<br /> PaYmentx or ground rents on th�s Property. if any:!c)YeuTly baznrd or property Wsurance premivats: (d) eurly flood
<br /> t
<br /> Insaranco premiums.if any;(e)yearly mort�age insusence premiums.if eny;ead (�any sums pays►ble by osower to
<br /> Lender.In acwrdance wlth the pravisions of part�aph 8�ia Ueu of the payment of mortgage insurnnce premi�uns. These
<br /> items are called"Escrow Items." L.ender muy.at any timc.collect and hoId Funds in aa amount aot to exceed the maximum
<br /> amount a lender for a federally related mongage toan may requlre for Bomnwer's escrow accouat under the federal Real
<br /> �state Settlement Piocedures Act of ly'/4 as amended from time to tLne,12 U.S.C.§2601 ea se�.("RESPA"),unless aaflther
<br /> �aw that applies to the Funds sets a leaser amoun� If so.l,ender may.at any time.coAect And hold PWnds in an smount not to
<br /> exceed the 1�araount L.ender may estimate the amount of Funds due on the basis of current data and t�easonable
<br /> estimates of eapendiwres of fupu+e Escrow Items or otherwise in accordance with appllcable law.
<br /> The Fands shall be held ia aa tpsdtu6on whose deposlts are iasu�d by a federal ageacy.iasmimentality. or enHty
<br /> (iacluding Lender,if Lender is such un iasdwtion)or in any Federnl Home Laaa Bank. Lender shall upply the E�nds to pay
<br /> the Escmw Items. Lender may not charge Borruwer for holding and applymg the Funds.annually uaalydng the escrow
<br /> :.��.�> accaun�or vediying the Escmw Items, ualess L.ender pays Bomower interest on the Funds and applicuble law perniits
<br /> I.ender w malce such a charge. However.Lender may regwine Borrower to pay a one•time charge for an ladependent nal
<br /> egtaee ta�c reporting service usad by Lender in connecdon wtth thjs loun,u a less app llca b le luw pmvidea oWeiwise. Unleas an
<br /> agre�ment ia made or applicable law requires iaterest to be paid,Lender shall not be roqujred to pay Bormwer any interest or
<br /> eamings oa the Funds. Bormwet end Lender may agree in writing.however.that iuterest shall be paid on the Flinds. Lender
<br /> y��ve���rrower,witl�out charge,an ennual accoandng of the FLnds,showin�credits end debits w the Funds aad the
<br /> pu�wse for which each deblt to the Punds was made. 1he Funds are pledged as additionat setiufry for uiI sums secu�d by
<br /> this Securlty InstrumenG
<br /> If the Flmds held by l.ender eaceed the emounts permitted to be held by Applicable law. Lender shall account to •
<br /> Borrawer for the excess Funds in accordance wtth the requinments of applicnble law. If the aniount of the Fuads hald by
<br /> I.,ender at twy time is aot sufficient to pay the Escrow Items when due.I.ender may so notify Bocrawer in wrlting,and tn
<br /> such case Borrower shaU pay to Leader the amount necessary to make up the deficiency. Botrower shall make up the
<br /> deficIency ia no mute than twelve montWy payments,at Lender's sole discredon.
<br /> Upon payment in fall of all sums seeured by this Security Instcument, I.ender shaq pmmpdy cefund to Borrower any
<br /> Punds held by L.ender. If. under pa:a�aph 21.L.ender ahaU acquire or sell the Property.Lender,prior to the acquisitioa or :,��
<br /> sale of the Pmperty, shall apply any PUnds h�ld 6y Lender at the time of acqutsitIon or sate as a credit against the sums
<br /> secured by this Security InswmenG �
<br /> 3. Applicatlon of�ymenta Unless appGcable law pmvIdes otherwisa. all payments recelved by Lender under r ��
<br /> paragrapha 1 and 2 shall be applied:first,to any prepayment charges due under the Note:second to umouats payable under
<br /> paragraph 2;third.to intenest due:fourth,to priacipal due;ar�d last,to any late charges due undec the Note. �
<br /> 4. Charges;Liens. Borrower shall pay all taxes. assessuients,charges. fines end imposldons amibutable to the
<br /> pcopecty which may auein ptIorIty over this Security Inswment,aitd leaschold payments or ground rents.if any. Borrower -
<br /> shaA pay these obligations in the manner pro�ided ia pnregraph 2,or if aot patd in that manner.Borrower shall pay them on
<br /> dme dicectly to the person owed paymen� Borrower shaU prompdy fumish to Lender all nodces of amotmta to be patd under
<br /> ttas paragraph. If Botrower makes these payments ditectly.Borrower shall pmmptly fumish to Lender receipis evidencing
<br /> the paymeats.
<br /> Bomnwer shaU prorapdy dlscharge any lien wiilch h�.s prioriry over this Securlty Insnument unless Borrower.(a)agrees
<br /> in writing to the payment ef the obligation accured by the lien m a manner acceptable to L.ender.(b)contests in good fa�th the
<br /> lien by.or defends against enforcement of the Gen in. legal proceedings which tn the Lender's opinion operata to pnevent the y,E^_.
<br /> enforcement of the lien;or(c)securES from the holder of the lien an ag�+eement sadsfactory to Lender subordinating the lien ;,::',';;
<br /> to this Security Inshument If Ixnder deteimines that any part of the Property is subject to a lien which may attain priority
<br /> over this Securlty Insuumea�I.ender may give Sorrower a notice Idendfyfag the Uen. Borrowar shall suHsfy the tien or take
<br /> one or more of the acttons set forth above within 10 days of the giviag of notice. ,
<br /> 5. Haurd or Pe+operty Insaranoe. Borrowe�shell keep the improvements now e�cisting or herea8er erected on the
<br /> Property insured agaia�t loss by fire,hazards includeal within the term"extended coverage"and any other hazards,including '
<br /> ftoods or floodtag,for which I.ender requires insurance. This insurence shall be maintained in the umounta and for the �,`
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<br /> Flnim 30E8 9/90 (DaBe 2 oId poges) �t
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