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<br /> -- s-�.� 'PO(�F'CM�R W[TFI all t1►o{mpcovemcau now ot h�tattu etected qn thts pmpaty�sad ap c�t+,�Pp�'�s.�d
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<br /> _-� fucturee nav�a hueatlae a{�ct oF tho proprrtY•A!1 tc�l&cci'nen�wtd oddidotta ehall elso bc covaal by tltia St�cwrity r�Uutnent
<br /> --,.��.•,��:1� Alt of thn fosegoing i�rcfaxod t,o in thf�Sx�uity Instnuncr►t r�the��l�rr.peYty."
<br /> --- _ ° HDilii.OvJflR CrUVri�lAl�ii3 ii�sit Fo�.�:��u L��e�:tty s;,.'::,d oF G"�c_'�'�M°r•-hy c.!►�etyr*1 rn�1 hp�thc rio�,t tc+g��nc and --------
<br /> --_= convey tha Property en�i �hu tho Fr�atY is uneocumbeted. cnccpt for eocum��sr�exs of rocad.Hamwer warc�ata end wU�
<br /> -- --, def�nd goneraUy tl�c tiUe to 1he PYapatY egaiinst dl cLims and dem�red��sub)oct w any encum'brances uf recad. _
<br /> �.:�w�l� THIS S�CURi'TY INSTRUMEN'T cambines unifam covraw�q fa nitbrtd u�o and nort-unifom�covenants wlth fimital
<br /> -��•`'• �uiatiaess by jiuisdlet�on W cansdt�ta a uniform security insau�nent cavedng real prop�ty, -
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<br />.��`�; -�9 UNIfaURM COV6I�AM'S.Barowa ond I.ender co��ea�nt e��d egroe a�[ol�nws: �_
<br /> - �.�y.� 1.1'ayment o/i'riacipel�ud Iat��ii�'�P$3'meat'nd Lat=Clsaar�. �orrowcr sht�ll pcnmAtiY ImY wher� due tho
<br /> �-v:6 ��;` Prin�ipal of and intaest cm tho ckbt evideaced by the Nota and anY P�Yma�t and late chu�gea dua�usder�ha Nota.
<br /> =`_'A•1 9. ! BQ[fOWC!Stl�I�y IO
<br />---.�.-'���'.'., ,��''��� Z.F'ueQs for Tues�nd Iaeur�nce� Subject W Applicable Iaw or W a wriusn w�ivcr by I�etu.tt.
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<br />`�=�ti�:�+c'• �_ �.,endcr on the day monlhlY I�Ymenta are duo under thn YVata.until thc Nc,to is psid in f�ill,u swn("Fund�"?for.(a)Ycarly taacs
<br />-- � , `;r'� n aod assessmer►ts whi�h may attaic►pri�dty ova thLs Sxuriry Inswme�t�o s lia�on�ha Pm{�ettY�(bD Yearly{casdwLd paymencs �r
<br /> -����� rent9 on tho PropcttY��f anYt(c)Yearly Na�Q a propeity insnt�P�'emiums:(a)Ye,arly flood it�uru�ce Pr�►uum3.if —
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<br /> .:�.:�s a eny:(o)Yearly�natBABe insnrance premiums�if any;atscl(�any surtss p�yabk by Bamwer to I.enBa.in accardance wfth
<br /> - �u�`•;��,,�.� provLtions of paxagreph 8�in I�w of tha p�yment of martgaga insuiar�e pnmiumy.'I4�ese Y�,as �ia catk�"Fiscruw Itc.ms." �___.__
<br /> �'_-:-{��*-�. J�..�r�sy,at eny�.�ne.col!ec�and hoW Funds in an emount�t to eaaod the m�imum amount a kndar fa n fakrally relarod Y _
<br />';°� ��- . � �. mongage loan may require for Sorrower's escrow account unde�tha fedt�al R�al Estate Setllement Pro�oduns A.ct c�f 1974 e►s �-
<br />.:.' !���,'��•+�� amended froen ti�ne to timo,l2 U.�.C.Secaon 2601 et seq. ("RESPA").unless e,�.tbu IaN ttwt�pglies Eo the F�nc�s sets a le�se� �-�'`'=
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<br /> smount If so.Lender may, at eny dme.colkct and hold Fun d.v i n an emc�ont n�t w ex e c�e d t h e l e s s a a m o u n t m a Y �Y:---
<br />. � estimate the amount of Funds due an the basis of c�urent data and reasona6le est�u�ucs of�eapex�ditures of fuhue F.sccow Items or _..
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<br /> �'- . " 'Ihe Funds shall bc held in en insti'u►das�whose deposits aro Insured by a fedaal�qency.insuumei►t�lity.or endry(i�cluding -
<br /> i
<br /> . . ,��. [.ender,if Lendcr ls such en institudo�)or in any Federal Home LQan Baak.Lender shall apply the Funds tu paY the Escrow �:sTM'="'
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<br /> • 'i� Items.L.ender may not chtuge Borrower for holding and applyIng the Fands.ar►n u u lly a n a lyzing t he escmw acco u n t,o r v e r i f y i n g �_
<br /> .
<br /> �e gscrow Icems,ur�less Lender pays Borrowu inteiest on the Funds and¢�plicablo Iaw pc�mits Lender to make such a ct�arge. -_-_�--
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<br /> However.Lender may cequire Aorrower to paY a one�time ciiarge ior an muq,an,�,t eaaS��ta�r.�"stsg , �-;�_
<br /> , I,ender in connectien with this laan.unless applicable 1aw pmvides oihuwise. UNass en eg�oement is made or epplk�ble law "�r�%
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<br /> , �cquires interest u�ryo paid,Lender shall not be requiced to pay Bonower any intersst or eamings on the Fuads.Boirowa and �:R,�.-
<br /> , �,¢c�der may agree in wridng,hawever,that interest shall be paid on the filnds.Lender shall give to Bortower.without charge,ta► �.�,
<br /> • annnal acco�ndng of the Funds,showing cmdits and debits to the Funds aud the puipose for which cach debit to the Funds was �.-�='
<br /> •• made.'It�e Funds dre qledged as eddidonal security for all sums secured by this Securiry Instiumen� �.;F�::;
<br /> • • If ihe Funds held by Lender eaceed the amounts pecmiued w be held by appiicable law,Lender shall aocount W Borcower for
<br /> � the excess Funds in aoconiance with the rec�uiremeats of applicable law.If the amount of the F1�nds held by Lender at any tune is
<br /> ., .'. ` not s�fficient to pay the Escrow Items when due.Lender may so t�atify Bomowe,r in wridng,and,in such case Boirower s8all PaY ..
<br /> .. to I,ender the amount necessary w ►nake up the deficiency. Borrawer shall make up the deficiency in no more than twelvc
<br /> monthly payments.at L.endei's sole discretion.
<br /> ' Upon payment in fidl of gll sums secured by this Security Instrumcnt,Lender shall prompdy refnnd to Bocrower any Funds
<br /> � , �.r� held by Lcr�der. If.under paragraph 21,Lender shiill acquire or s�ll the Property. Lender.prior to the acquisidon or sale of the
<br /> � . � properiy,shall apply any Funds held by LRnder at the time of acquisition or sale ag a credit against the siuns secured by this
<br /> " . Seratrity Instrumen�
<br /> ' .�• 3.Applkation of Payments. Unlcss applicable taw provides othe.�vise,all paymcnts received by I.cnder under parigraphs
<br /> �#;:, 1 and 2 shall be applied:Cust,to any prepayment ctiarges due under the Note;tecond,to amounts payable under paragraph 2;
<br /> �:;;�� third,to intetest due;fourth,to principal due:and last,to any late charges due under the Note.
<br /> • -, 4.C6argcs;Liens. Bozrower shall pay all taaes, assessments,chazges, fines and impositions attributable to the Property
<br /> which rtu►y attain priority over this Security Instaumenl, and leaseh�sld payments or ground rents,if any.Bocrower shall pay these
<br /> rtu
<br /> obllgationy in the manner provided in pamgraph 2,or a�not paid in that manner,�ottower shall pay them on ti�ne directly to the •
<br /> gersate owed paymen� Hocroaer shall promptly fumish to I.ender all notices of amounts to be paid under tt�is paregraph. If
<br /> gorrow�r r�nt�kcs�ttese p�yments ditccdy,Bo�rower shall promptly fi�rnish to x.ender receipts evidencing the payments.
<br /> • Borrowcr shall promptly discluirge any llen w6ich hag priodty over this Securiry Instrument unless Borrower. (a)ag�es in I
<br /> • writing to the payment of the obligudnn secured by ihe licn in a manner acceptable to Lender:(b)contests in goad faith the lien �
<br /> by, or defends against enforcement of tha Gen in,legal proceedings which in ihe Lender's opinion opernte to prevent the �
<br /> enfarcement of the lien;or(c)secures from the holdcr of the flen an agreement satisfactory to Leadec subordinating the Gen to i�
<br /> ``� � this Scxuriry Instrument If Lcnder detcrmines that any part of the Pcoperty is subject to a licn which may auain prioriry ovcr this
<br /> ' Security Instrument,Lender may give Borrower a notice identiffying the lien.Borrower shall satisfy the lien ar take one or more � ,
<br /> " of the acrions set font►above within 10 days of the giving of nodce. i
<br /> Farm 3024 8/90
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