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<br /> 'IY}f3F.TfiFR W(�t ull ihe I�n ovement�naw ar hereaftsr ecected cti the pmperty,und-al1 ll���u�ee,
<br /> und fuctures�tuw or Rtere�ftor a part of�he prnpeRy. AQ��eplwcctnento and additians shall aiso be cuvec�Q by ehis Srcu�ity
<br /> Iniuume�t. All of the fore�oin�te refetred to ln this Secudty Insuumcns as tho"Prox►e�ty." � ..
<br /> BOR1tOWPR COV�NANTS etat Rorrowec is lawfully�itod o�tho estwte hetieby conveyed snd tt�e the dght to Rrent
<br /> rnd Canvay the Praperty and that tho Praperty is unencumbared.except for encumb:sr�css of necoN. HQmower warr�r►�+arrd
<br /> wiit defmd generaily the tlqo to the Pro�xr�y�i+�nst dl el�lnu ud de�zw�d�,�ubjax to w►y ct�cumbc�neet of rocord. � .
<br /> THIS 3FCUR1'�Y INSTRUINBNT combinca unEform aovcaentg fcir n�donal ur+o and non•uaiform cavcnants vr(th
<br /> limitod w�rladons by Jorisdlctian W�onsdtuto a unifartn security in:uument covedng rra�l prop�rty.
<br /> UN[FORM COVBNAt+1T5. Barmwer and Lendu covccwnt and a�cee a�foUowa:
<br /> i. P�meat ot Prindpd a�d InYenak�Pri'meat�nd l.nto Clwrsee. Borrower shall Pro�PUY DaY when due eho
<br /> principa!of end interest on the debt evldenced by dxw Note and any piepay�aent and late chargee due uadt:r the Notc.
<br /> 2. fi�tids tor 71�uta�nd Inur�txa Subjoct to applicable law or to a written waiver by l.ender.Boirower shall pay to
<br /> Lex�der an the day mont6ly pnyments are duc under thc Note.unW the Note is paid in fuA,a sum("Funds")for.(a)yesrly
<br /> t�es aad e�s�asrnente which may attain prfortty ovea this Sxu:lty Insinrment as a lien on the Property:(b)yearly leasehold
<br /> payments or ground natx an the Pmpe�ty. if any; (a) yeariy hezerd or property ins�uance premiums; (d) yetuly flooA
<br /> Insucanco premiwas. if any: (e)Year�y mortgago insurance pnmiwns,if any;and (� any sum.9 payable by Horrower to
<br /> Lender.In aCcoldence witb the provIs[ons of paragreph 8,in lieu of the payment of mortgege insuranca premiums. Tbea4
<br /> items are calied"Bscrnw Items." L.ender may,cu aay time.collect aad ttold Funds In en aruount not w exceed the maximum
<br /> nmount a leader for a fede�ally telated mortgage loan may t�eguire for Bor�ower`s escmw nccount under the federal Real
<br /> Estate Settlement Rroceduncs Act of 1974 as amended from dme W timo.l2 U.S.C.$2601 et seq.("RBSPA").unless su►ottkr
<br /> law that appUes ta the Fuads sets a iesser amoua� If so,I.ender n►ay.at aay dme,collect and hold Funds in an emount nat to
<br /> exceed the lasser aznow►L l,ender may esdmate the amount of Funds due uu 1he basIs of cutrent data and t�sonable
<br /> estimaus of expendltun.w of futura Escc+nw Items or atherwise in accordance with applicable Iaw.
<br /> '17ie Punds ahaU be held in aa iusdtution whose deposits ure insured by a federal agency.lns�nuility.or eatity
<br /> (including Lender,if Lender�S such an insHtudon)or in aay Federal F�ome Loan Bank. I.ender shaU apply the Funds to pay
<br /> the Escrow Items. Lender may aat charge Bomower for holding and applyiag the Funds. aanually enalyzing We escrow
<br /> uccount,or verifying the Escro��v Items, unilesa Xxnder pays Bonower interest oa the E�ads and sppllcable law pemiita
<br /> I.ender to make such a charge. Howe�ver.Lender muy�uina Bosower w pay a one-tlme charge for ua Independent real
<br /> estau tax reporting service used by Lender in connecHon w�th this loas�,unless appllaAble law provides otherwlse. Ualess an
<br /> agretment is made or applicable Isw requires interest to be paid Lender ahaU aot be nqulred to pay Botrawer aay interest or
<br /> eamings on the�nds. Boirower aad Lender may agree in writing,however.that iaterest shaU be pa{d on the Funds. Lender
<br /> shall give to Bormwer.wttbout charge.en annual accountiag of the Fuads,showing cmdits aad debits to the Fwtds and the
<br /> puipose for which each deb[t to the Ainds was made. The Funds are pledged as addi�onal secutity for alf sums secured by
<br /> thfs S?*_+�rity InsM�m��.
<br /> If dte Funds held by i.ender exceed the amounts pemaued to be held by appUcable law. C.ender shaU account w
<br /> Borrower for the eacess fi�nds in accordauce with the requiremenu of applicable Iaw. If the amount of the Punds held by
<br /> Lender at any timc is not sufficient to pay the Escrow Items when due,i.ender may so notify Bomower in wridag,and.in
<br /> such case Bonrower shall pay to Lender the amount necessary to make up the deficiency. Bor[ower shall make up the
<br /> deficiency in ao more Wun twelve montlily payments,at Lender's sole disccetion.
<br /> Upon payment in full of all sums secured by this Security Instr�ment,1.endsr shall prompdy refund to Borrower any
<br /> Funds field by I.ender. If,under paregiaph 21.Lendar shsdl acquiie or seU the Property.Lender.prlor w the acquisldon or
<br /> sele of the Property. shall apply any FS�nds held by I.ender at the time of acqaisitioa or sale ac a credit against the sums
<br /> aecured by this Security Instn�men�
<br /> 3. Application of Pnymenis. Unless appQcable Iaw prnvides otherwlse, all payments ceceived by Leader under
<br /> paragrapbs 1 and 2 shall be AppUed:firsG w uny prepayment chnrges due undet the Note:second.to aa►ounts pnyable under
<br /> parugraph 2;thitd,to interest due:fourth,W principal due:and lest,to any late charges due under the Note.
<br /> 4. CNsrges; Liens. Borrower shall pay all taxes.ussessments,charges. fines and imposidons amibutable to the
<br /> Pnooperty which may atmin pdority over this Security Insuument,and leasehold payments oc ground rents,if any. Bomnwer
<br /> shall pay these obllgatIons in the manner pmvtded ia paragraph 2.or if aot paid in that manner.Bafrower shall pay them on
<br /> ttme direcdy to the person owed paymenG Bormwer shell promptly fumish to Leader ell notices of umounts to be paid under
<br /> this paragraph. If Borrower makes these payments directly,Borrower shaU promptly fumish to Lender receipts evidencing •;�,
<br /> the Pa3'ments. `�..
<br /> Bomower shall pmmptly dtschazge any IIen which has priodty over this Securlty Insuument unless Borrower:(a)a�rees �;;•
<br /> in wridng to the payment of the obl�gadon secured by the lien in a manner acceptable to Lender.(b)contests in good faith the F
<br /> lien by,or defends agatnst enfoncement of the lien in.legal proceedings whtch in the Leader's opinion operate to ptevent the :�,��`-
<br /> enforcemeat of the lien;or(c)secures from the holder of the lien an asreement satisfactory to Lender subordinati�g the liea�
<br /> to this Securlty Instrument If I.ender determines that any part of the Property is subject to a lien which may auain priority
<br /> over thia Security Instniment,Lender may�tve Borrower a nottce identifyiag the lien. Botrower shall satL9fy the Iten or take
<br /> ` one or more of the actions set forth above within 10 days of the giving of noHce. ,
<br /> S. Hazard or Properiy Insurance. Borrower shall keep the impmvements now exisHng or hereaRer erected on the '
<br /> ��'�: Property insured agalast loss by fire,har,ards Included wtthin the term"extended coverage"flnd any other hazards.including
<br /> H}
<br /> floods or flooding,for whlch L.ender requiies insurance. This insurance shall Ue muiatained in the amounts und for t1►e
<br /> . bb�m 3028 9/90 fpr+se a of6 pagea)
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