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<br /> Ti'f1(3�i'1`fiER WITN nll thc ip:provcnicnta now on c�rcai'tcr trecttd an thc prupert�.xnd ell easert►erets,appurter�.�ness.
<br /> nnd fixtuces now or hema�ftes a pert af ihe property. All nplacenxnts and udditioas ehall�Isr�be cavued by this�ocurity
<br /> Inst�mnt. Ail of tha foreBaing{a cefemed w In thie Se�udty Instnuc►cnt ea tho"E�roperiY•"
<br /> BORROY+�3lt�OYF.NAN1'S ehat Boirower is lawfiilly seisd of the estate hcreby conveycd aad hia the d�fit ca�ac
<br /> and convey thep�roperty end th�t the Pmpacty is unancurnbered.oxcept for encumbrauces of ncord:•BomawGr wurar�ts and
<br /> wIU defend gen ty thn dtte to the Propecty aga�nst all cl�ima aud dem�nda,subjat to uiy tncumb�w�of racocd.
<br /> �[g �+�g�'�'y I�t1gTltUi�� �ombftt� upifo�m,snvennnte for rtatianal�uso eaQ non-uniform cove�ttte wltb
<br /> lienited veriadons by judsdlctton ro constiwte a uniform secw'ity inatrument covering ix�l property
<br /> [JPiIFORM COVBNANTS. Borrower and I.ender covenent o�nd agnee as followa: �� when doe the
<br /> 1. Payment d IMncipd and Iniettiati�WYment and I.ate�liur�. Borrower shall dY FeY
<br /> prIncIpal of and inte�si on tho debt evidencefl by the Nou and any prepsyrnent and late chargas d4�e under tho Note.
<br /> Z. Ftinde iur 1�zee�ud I�riu�ce. Subjxt to appllcable law or to a writtea waiver by Lender.Bon�awer R1�e11 psy to
<br /> Lender on the day montWy payments nre due under the Note,until dze Note is paid in fu)I.a aum("Funds")for.(a)ycazly
<br /> ta�ces and assessmenta which muy attaia priorlty over tdis Seruriry Jnsmuneut ss a 1len on tha Praperty:(b)yearly leasehold
<br /> paymenta or�mund rents on the Property. if any: (c) Yearly hazard or pmpetty insurance p�emtums: (d)Ye.�r1Y ilaod
<br /> iasuianco precniwns. If any: (e)Yearly mortgage ins�ace premiums.if any: and(fl �Y 8�PaYaele by Hrnrowar w
<br /> Lender,in accordauce with the pmvlsiaas of paragraph 8.ia Ueu of tha payment af mortgage insuranx pnmiums. These
<br /> items am calle�i"Bscrow Items." Lender may.at any tinne.collect and 6old Funds i�u ua amount no!to exceed d�e ma�ctmum
<br /> amouat a lender for a fe�leraUy related mortgage toan may requin for Bormwer's�ctow account under the federat Real
<br /> Estate Settlement Procedures Act of 1974 as amended from dme to dme.12 U.S.C.§2601 et seq.("RESPA").unless.another
<br /> law that appll�w tke li�nds sets a lesser nmounG If so, Lender may,at any tIzae,collect and hald Funde in an acnonnt not to
<br /> exceed ihe lesser amount Lender may cstimate the amount of�nds due on the basls of cun+ent data and reasonable
<br /> esdmates of espenditures of fiuuce Escrow Items or atherwlse in eccordance with applicabie law.
<br /> Tue �uads ahall be held in an institudon whose deposits are insured by a fede�al ageacy. instruuneatality.or entity
<br /> (including Lender.if Lender is such an insdtuaon)or in any Federal Home LoaA Baak. Lender shaU apply the l�nds to pay
<br /> the Escrow Items. I.eader may not charge Batrower for ftoldins and applYiug che R�nds.annually eaFSlyziag We escmw
<br /> acxount,or ver�fying the Eserow Items,unless Lender puys Borrower interest on 1he FLncis and appiicable taw permita
<br /> Leuder ro make such a charge. However,Leader awy mquire Botrower to pay a one-time charge for en indepenQent real
<br /> estate tax reporting service used by Lender ia conuecdon wIth this loan.unless applicable Iaw prov►des otherwise. Unless an
<br /> ageenuat is made or appllcabie law re�uire.s interest to be paid.Lcnder shall not be reqaired to pay Botrower any inurest or
<br /> earainga on the Fnnds. Bomower and I.ender may agree in writiag.ho�vever.that iaterest shall be paid on the Punds. Lcnder
<br /> shall give W Horr�wer.wlthout char�e,an annual accoundng of the Fuuds.showing ctedits and debits ro the Funds and the
<br /> pwpose for whlch each debit to the Funds was made. The F1u►ds are pledgal as addidonal security for all sums secured by
<br /> tiiis Securiry 3usaumenc
<br /> «� ' � If the F►uids held by Lunder exr,eed tiie amouats permitted to be held by appl[cabte law. I,ender shali accouat to
<br /> �` Borrower for the excess Fiuids in accordance with t6e requl�+ements of applIcable law. If the amouat of the�lu�ds held by
<br /> °�� ?'!`. � Lender at any time is not sufficient to pay the Fscmw Items when due,Lender may so aotify Bornower in wdting.aad.In
<br /> +��'!.�,�, such case Borrower shall pay to Lender the amount aecessary to make up the deficiency. Bormwer shall make up the
<br /> t �' '�'� deficlency in no more than twelve monthly payments,at I.ender�sole discreUon.
<br /> �°f1����:;:,�,:'.::��� Upon paymeat in full af all sums secured by this S�urlry Ipstrument,Leader ahall pmmpdy refund w Borrower any
<br /> y�;.;�,.�,.�. ' Funds held by I.ender. [f.under paragraph 21.I.eader shell acqu�ne ar sell the Property.L.ender.prIor to tUe acquisidon or
<br /> �.��:�:.�„�• � sele of the Property.shall apply any Ftinds held by Lender at the time of acquisiHon or sale as a crndit agaiast the swns
<br /> secured by thiis Securlty Iasdrumen�
<br /> ' .:a•�� >;i:' 3. Appllcutton oi PaymeaQs. Unless applicable law provides otherwtse, all payments rereived by Lender under
<br /> �;��'`'"��:�'�,'u:` para�raphs 1 and 2 shall be applied:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> ��'"'� pazeg�aQh 2;thitd.to interest due;fourth,co principal due;and last,to any lata charges due under the Note.
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<br /> :�s 4. Chuges; Lieas. Botrower shall pay all taxes,ussessments, charges, fines and lmposidons amibutable to the �+ '
<br /> ,:�'� 'afi+�:. Property wh(ch may attain prioriry over this Securiry Instcument,and leasehold payments or graund rents.if any. Borrower
<br /> �,;,,;,, ��'��� shall pay these obligatlons in the maaner provided in paraBraPh 2.or if aot paid in that manner.BoROwer shall pay them on
<br /> k. •��r�;.�;:; tirae dIrectiy to the person owed paymen� Bomower shaU prompdy furnish to Leader ull nodces of amounts to be paid under r
<br /> ; �.�.., this parapraph. If Borrower makes these payments directly.Bocrower shall prompdy fumish to Lender re.ceipts evldeaciug .
<br /> �� �:�5�:� ' che payments. •r
<br /> •`'' `���`'•'' ♦ ` Borcower shall pmmptly discharge any llen which has priority over this Security Inswment unless Bomower.(u)agrees '����
<br /> '�" �`���'�� in wriHng to the payment of the obll�aaon secured by the lien in a marmer acceptabls to Lender;(b)contests in good faith the
<br /> '` ' Uen by,or defends a�ainst enforcement of the lten in,legal proceedings which in the Lender's opinion operate to prevent the •`.;�r
<br /> .�;f.,: ,. ' , � enfor�eatent of the lien;or(c)secures from tt►e holder of the lien an agreement sadsfactory to L.ender subordinauing the lien �
<br /> �. to this Secucity Instrumen� 1f Leader determines that any part of the Property is subject to a lien which may attaia priodty ' (:�r�
<br /> , Y �;_' , over this Security Instrument,Lender may give Bo�rower u nodce identlfymg the Gen. Borrower shall satlsfy the llen or take ;'
<br /> � one or more of the acHons set forth above wlthin 10 days of the gtving of nodce. ��.,;,�!;_
<br /> 'r� ` � S. Hezne+d or Property Insurauce. Borrower s6att keep the improvements now e�cisang or hereafter erected on the
<br /> '""��� ` � P[operiy insured against loss by tire,hazatds included within the term"extended coverage"and any other hazards,iacludiag o
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<br /> r� . floods or flooding, for which Lender requires insurnnce. This insucance shall be maintaiued in the amounts aad for the
<br /> � � �tii':>,2.
<br /> � Fbtm 3026 9/90 (PaRt 2 oj6 pagesi ,�C„'•;
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