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<br /> 'i�it3Gt'i3�R Wl�'H all the ir�i�:avcn��st:.no:;r o:lu�fter esr�•tccl�n rhe�roperty,v1d aEl easemcuts,nppurit��au,�es; ,
<br /> and f7xiutr..r n�c►w Ar htrouACr a part of titict pruperty. All�eplaccments and additI�ns shall also De covered by tMs Secudty
<br /> Inszrumen�. AIl of tt�o Q'ongoing is rtferred to in thi.�Securlty Insuum�nt av the"Pfrapetty"
<br /> BORItO'VYER C(DV�'NAI�fTS that 9arrowcr is lawfully seised�uf tha eAtate hereby convcyed and h�.v the 8ght tu gru►t
<br /> and ca�tvey thoP�p��y iusd tiwt the Pmpeny is unsncumberal.excsps for encumbra�es of rccord. Bormwer wuranu and
<br /> will detend geneMlly tho title ro tiio Pn�perty aga�nas�Il cl�ims and demuids.sub�eci ta any encumixancra ot recexd.
<br /> THIS 5��:1lRf`i'Y IIVS'IRUMBIVT combir�es unifunn cuvena�it� fur nattu���t uso a�id�kan•uatfarm covcu�n*s 1�IEh �
<br /> ., limited va,tiRtias��by Jurisdicdon to consdtute a unifiom�secudty tnsuument covering resl pmpecty. '
<br /> iINIFORM COVF?NANTS. Hw�mwer and Lend�:r covenent aact agree a�follows:
<br /> !. N►ytnent of Princlpd and Interest;Prepyraent�nd l.ate Che�es. Bomowcr stull pcamptly pay when due the
<br /> prinsip�!of end interest on the debt ovideaccd by che Note and any prep�yment a�d tate charges due under the Note.
<br /> 2. Fltads tor 71nua aad Inuuranca Su6jxt to applicable law or to a wrltten walver by Lender.Bomower shali pay w
<br /> Leader on tt�o day monthly paymcnts are duo under the Note,undl the Notc Is puid In full.a sum("Fbnds")for:(a)yearly
<br /> texes and assessmenta whtch may atwia prtor�ty ovet this Securiry Insuvment as a lien on the Pfropezty;(b)ycarly teasehoid
<br /> psym�.mts or ground rents on the Praperty. if any:(c) Yearly hazard or nroperty insuraiece pnmiums: (d) Yearly flood
<br /> insuranct premtums.if uny: (e) yearly mortgage insurance premiuma, ii uny; nnd(t�aay a�nns 1�aYabte by Borrower to
<br /> I.ender,in accordua�ee wtth the pmvisians of Qsuagraph 8,in lieu of thep�yment of mortgage insurnnce premiums. '[lnso
<br /> items are called"Escrow Items." Lender muy.at ua�y time,coUec4 and hold Funds in an amount mot to exceed the meximum
<br /> amount s�lender foT n federally related mort�age loan may�ire for Borrower's escrow acchunt urtder the federal.Reai
<br /> Fstate Senlement Procedures Act of 1974 as emended from time to ttme. 12 U.S.C.§2601 et seq.("RESPA").u:dess another
<br /> luw thut applEe�tu U�e F1�nds sets a lessc7 amount. If so,Lende:may.su enY time.coAect and hold Fundv in an amount not to
<br /> eaceed the lesser t�nount. Lender may estimate the antaunt of Funda due on the Uasis of cww�rcent data and rc.asonable
<br /> estlmates of expendlwres of future Hscmw Items or otherwise in eccoMsuice with applica6le tuw.
<br /> The FLnds shall be held in an insdtuGon ahase deposits are insured by a federal agency,instrumentnlity.or entity
<br /> (jncluding Lender.if Lxnder is such an instituHon) or in any Fesiieral Home Loan Bank. Lender shell apply tha FLnds to pay
<br /> zhe Escrow Items. l..ender may not chnrge Boerower for holding and apptying the Funds.annuelIy enalyzing the escrow
<br /> account, or verifying the Esc�ow Items, untesa Lender paya Borrower intenst on tp►e F�nds and applicnble law permits
<br /> Le�tder to make such a charge. However.l.ender may mquine Borrower to pay a one-time charge for an independent teal
<br /> esatte tux reporting service used by Lender in connection with this loan,unless appUcable law ptnvldes othatwlse. Unless an
<br /> agmement is mude or applicable law requlres interest to be paid,Lender shall not be required to pay Borrower any interest or
<br />- eumings on the FLnds. Borrower and l,ender may age�in wnting.however.thut intemst shall be paid on the Flmds. Lender
<br /> shall give to Bosrower.without charge,an nnnual accoundng of the Funds,showing ciedits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made. The Aunds are pledged as additionul secudty for nll sums secured 6y
<br /> this Security Inauument.
<br /> If the Funds held by ixnder exceed the amounts permitted to be held by upplicable law, Lender shall account to
<br /> Borrower fpr the excess Ft�nds in accordance with the requimmenis of applicable law. If the amount of the Funds held by
<br /> Lender at any dme is not.sufficient to pay the Escrow Items when due,I.ender may so notify Bomowor in wriang.and, in
<br /> such casz Bo�mwer stu+il pay ta Lender the amount necessary to make ap the d�flctency. Borrower shall make up tha
<br /> deSciency in no more than twolve monthly payments.at I.ender's sole discretian.
<br /> Upon payment in full of uU sums secured by th,is Security Instrument.Lender shall pmmpdy refund to Borrower any
<br /> PUnds held by Lender. If.under paragraph 21.i.ender shaU acquim or sell the Propercy,Lender,prior to the acquisItion or.
<br /> sale of the Property,shall apply any Punds held by L.ender at the dme of acquisidon or sale as a credit against the sums
<br /> secum.d by tbis Securlty Insuvment
<br /> 3. Applicedon of Payments. Unless applicable law provides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:firs�to any prepayment charges due under the Note;second to amounts puyable under
<br /> paragraph 2;third.to interest due;fou�th,to princtpal due;and last,to any lute charges due under the Note.
<br />,_ 4. Chnrgea; Liens. Borrower shall pay all texes� assessments.charges. f+nes and impositions amibutnble m the
<br />- Property wh�ch may attein pdortty over this Securiry Insaument,and leasehuld paymeats or ground rents.!f nny. Borrower
<br /> shall pay these obligations in the manner provided In paragraph 2,or it'not paid in that munner.Borrower shall pay them on
<br /> dme directiy to the person owed payment. Borrower shall prompdy furnish to Lender all notices of amounts to be paid under
<br /> this paragraph. If Bonowet makes these payments directly,Borrower shall promptly furnish to Lender receipts evFdencing
<br /> the payments.
<br /> Bonower shall pmmpdy dIscharge any Usn which has priority over this Secudty Instsument unless Borrower.(a)ag�ees __
<br /> in wriang to the payment of the obligadon secured by the lien in a manner acceptuble to I.ender,(b)contests in good faith the �
<br />— f{en by.or defends agninat entbrcement of the lien in, legal proceedings whlch in the I.ender's opinfon operate to prevent the
<br /> enforccment of thc ticn;or(c)secures from the holder of tlie llen an agmemenr�aNcfactory to Lender subordinating the lien �
<br />— W this Secwity instrument. If I.ender determines that eny part of the Propecty is subject to a lien which may attein prIority �
<br /> over this Securlry Instrument,Lender may give Borrower a notice identifying the lten. Borrower ahall satisfp the lten or talce �:
<br /> one or more of the actlons set forth above with[n 1 O days of the giving of notice. t�
<br /> S. EYpzard or Property Iasurance. Bocrower shall keep the improvements now existing or hereafter erected on the �
<br /> Property inaured against loss by fire.hazards included within the tean"extended coverage"and any other hazards,including —
<br /> floods or floc�ding,for which Lender requires insurance. This insurance shait be maintained in the amounts and for the
<br /> ti:
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<br /> Form 3028 9/90 (paRe 2 nj6 papesl
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