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<br /> �C(1(:;5'!'�pR WITF;all tha improvcntents nuw oe F�cresfter eroctod c�n thc p�'upctitY.and ell easeme�ts,aQp�uctau��ces.
<br /> �rid fixttu�s�ov�ex haeaft�r n put of the proptrty.. Ait r�facemenut and w;ui�iuus s�Wli�:;.0 L.:�::.::,:,...a h;�`u��'=^_.�.it,
<br /> Inst�umr,��. All oC�hc foicgoin�is rrfernxi to in th�e Secudty Inswme�t�a�he"t'ro�xiY•"
<br /> B7ItR4WRR CQ1/ENANTS thai 13orrowcr is Iawfu!{y.v.'isat of the tswte Q�ereby con�•cyed a�Aaa the right tu�at
<br /> arKi conv�y the Pna»atY encf thac the Wc►pe�ty is unencumbered.cxcept for encumtx�nce�of aecond. Hur.ower wrrnnts u�
<br /> will�efend gcc�'�.lfy t6t tiQo to the 1'�u�xriY aBafnst all claimw and demen3s,subj�ct t,o a�2y sncumbru►ca of i�o�ord,
<br /> TH1S 9�:CURITY INST1tUM�NT combines, twiEaru covenants fa natiunal use and nor►-unifaem covemunGS wi�h
<br /> limited vasietions by jtuisdictivn to conxlicui�a�uif.�°ra rx:.uriry 9nsirumtn!covesing rYal pro;xciy.
<br /> UN[FORNi1 COVF,NAN7'S. Bomower and X.ender covcn�at and agrce as tollaws: W����
<br /> 1. P�ypcent o[Prindp�l�nd Intereat:PreWYmen�and I.ate Ch�r�es. Borrawcr shall pro�np[lY PaY
<br /> pri,nciNal af and inurest on the deb!cviiknc�ed by Uu Nc►te nnci nny prc[�ayment aixi lnte chargos duc under the Nr►ta.
<br /> x, Fy�paLt for'Iiucrs and Inwnnca Subject to a�pl'ccubte law or to a wiftten waivr.r by I..ender,Bormw�c,r shall paY to
<br /> �,,��Y on the day rt►�thly payment�arc due under tbc Note,until.tha Not�is paid�n.fi�ll,a sum("�nds"p ferr.(a)yearly
<br /> taxes and assessments which may uttaln pciority over tt�is Security insinmx:nt as s lien on the Property;(b)Yexrly i�se+hold��,
<br /> i�+Ya��;w a gaussd rnt� en the Prog_ny. if any: (c) y�eazly haztud or propercY insu�ance nnemwms; (d1 yeuly fload.
<br /> insurance p�miums, if nny;(e)yearly mortgnge insutaace p�r.miums, if any: anci(� any sums payable b.y,�barow�r to _
<br /> Lxnder,in nccords�nce wit�h�he provislons of paragraph 8, in lieu of the payment uf mortgage insuranca prr+»iums. These
<br /> it���s ar..cnttc,d"�s.r.�;r Items.' �.en�,:r m.gy,a!assy ame,eailect ared hold�nds in an amount not to exceed tlr:maximru,,m,,j
<br /> ..►.. I....Lr Frv o F/Y�F:AIIW MIAfAf� JI1()(}QAO!If1A1) Ii18V MLIUIIY`.fOT SOI'COWCP�L�iSCIOW a�CQUM UII�'r IINS t�^I�14:ii1
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<br /> Estnte Settlement i'tocedures Ai�t of l974 as amtnded from time to time,12 U.S.C.�2601 et seq.("RESPA."}.unless anotner
<br /> ; luw that appli:=-r,u�c f�nds sets�lesser amounL [f so,Lender inay.at uny timc.collect and t�i;�Trtmds in an umount not to
<br /> execed the less�r amount. Londre may estimate the amount of PUnds due on the basis of cuirenc data and reasonable _
<br /> estimates of eapenditures of futur�Esc�nw Items or otherwise in xcordance with applicable Inw.
<br /> The Elinds shall 6�e held in an instimdon �vhose de�sits are insurec!by a feder.►t agcncy, instnuure�t�ity,or entity
<br /> (includIng Lender,if Lende.*.is such an insdtutio»)or in any Feckral ldome Loan Bank. Lendcr shat!�np!}r¢�e Funds to pay
<br />= the Escrow Items. I.ender may not ch.xge Hoirower fmr holciing and applying tha Funds.aL�m�zYly enalyzin�the escrow
<br /> accoun� �r verifying �i�e Escrow Items,unless Lender pays Borcower interest oa the Funds �ucci applicabl�e law pecmiu
<br /> Lendrr to maice suci►a charge. Howe�c�.I.e�,3e��a�r:,�uirr Earro'::er iQ ps;s�nP•!im�charae for an indepencknt reul
<br /> estate t�reporting sejvice usGd by Lender in connection with this loan,unless appllcablc law provides oth�c+vasc. Unless an _
<br /> ogreament is made or apy3ncuble law requires inurest to be paid.Lender shall not bc required to pay Borrower any inYeres4 or
<br /> eamings on the Funds. Borrower and L.ender may agne in writing,however,that intercst shall be puid on the Flmds. Lender
<br /> sha11 give to Borrower,w ithout ch:uge,an annual sccountin�oF the Funds,showing credits a^•�d debits to the Funds nnd the
<br /> purpose for which each debit to the Funds was made. The k7unds are pledged as addidonal ser.wity for all sums securcd by
<br /> this Secwiry Instivment.
<br /> If ttu Funds held by Lender excer,d the amounts pemutted to be held by applicable law, Lender shall account to
<br /> Borrowcr for the excess f�+nds in accordance with the requirements of applicable law. If the umount of the Fands held by
<br /> Lender at any time is not sufficient t4 pay the Escrow ltems when due,Lender may so notify aorrower in writing,and,in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall moke up the
<br /> defecicucy in no xnore tlian twelve monthly payments,nt Lender's sole dif;reaon.
<br /> Upon payment ia f��D of all sums secured by this Security Insaument,Lender shall prompt�y reCund to Borcower any
<br /> Funds held by Leader. If,under pamgraph 21.Lc:nJer sf�all acquire or sell the Property,L.endcr,prior to the acquisiGOn or
<br /> sale of the Property, shs�3 apply any Funds held by Lcnder at the dme of acquisiaon or sale as a credit against thc sums
<br /> ser,ured by this Security Inswment.
<br /> 3, AppBcat�on o[Payntent9. Un1GSS applicablc luw provIdes othen++ise, all payments received by Lender unr�et _
<br /> paragrapT�s 3 and 2 shall be applied:�rst,to siny prepayment char�es due under the Note;secoz�d,to emounts payable under
<br /> pacagraph 2:thlyd,to interest due;fourth,to principal due:and las�to any(nte cl�axges due under the Note.
<br /> 4. Charges; Ltens. Borrowcr shall pay ull taxes, assessments, charges, fines and impositions attributable to the
<br /> property which may utuun pdority over this Security instrument,and leasehold payments or ground rents,if any, Eursvwer
<br /> shall pay t�ese obligations in the mas�ner provided in parap�aph 2,or if not paid in that manner,Horrower sh�ll pay them on
<br /> timc dirECily to the person owed payr��nt. Borrowcr shall pmmptly fumish to Lcndcr nll notices of amounts to be paid under
<br /> this pnt'agraph. If H�rcower malces these payments directly.Sorrower shall promptly fumish to Lender reccipts evidenci�g _
<br /> thc payments.
<br /> Borcowcr shall pammpdy dischar�e any lien which has priority ovcr this Security lnswment unless Borro�ver:(a)ng�ees _
<br /> in writing to the payment of the obligation secumd by the lien in n mAnner acceptnble to Lender;(b)contests in good faith tlie
<br /> lien by.or atefends a�ainst enforcente�z of the lien in,legal proceedings which in the Lender's opinion operate to prevent¢fi2
<br /> enfosceir�ent of thc lien;or(c)sccures ftom the holder of thc lien an agrcemcnt satisfactory to Lender subordinatin�the lien
<br /> to this 5ecuriry Instrument If Lender det,em�ines thot any part of the Property is suUject to a lien which may attain priority
<br /> over this Security Instt�ment,Lender muy give Borrower a notice edendfying the lien. Boaower shall saasfy the licn ar take
<br /> one or morc af the nctions set forth ab�ve within 10 dnys of the giving of notice.
<br /> 5, H�rd or Property Insurs�nce. Bonowcr shall kcep the improvcmcnts now existin�or hereaftar emcted on the
<br /> � property instu�d against loss by fire.7eazards included within the term"extended covci��e"and nny othcr harards.includiag
<br /> floocls or floaling, for�vhich Lender requires insurance. This insurance sh:ill be maintained in the amounts and for the
<br /> Eorm 3028 9,'90 (Poge Z oj6 pagesl
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