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<br /> '1'OCiBTNf:It W ITN alt iho Improvcmente nuw c�r hereuRer emcted on tho properiy.attd�ll casemente,uppurtenancey,
<br /> nnd tixnrtcs nuw or hercaRcr n��ui of tha prapeny. All rcpincementa und udditlons shup aleo be cavcred by thts 3ecvdty
<br /> lu�icamtttt AU oi'ih�fere�ol��ia refetred ta in thia$ecudty Instrument aa the"Propc�ty." .
<br /> BpRRpW81t COV�NANT3 that Boaowcr is lnwiltlly Reised of tho estnte hareby conveyed and hns tho right to grttnt
<br /> and convay the I�perty nnd that the Praperty le unencumbered,oxcept for encumbrnncea of i+ecord. Hamnwer wnrrnnts and
<br /> wtil defend getternlly tho dtto to ihc Pcoperiy t�g�lqst a11 claima sind demnnda.subject to nny enoumbrancca of rc.�ard.
<br /> THIS SEGU1t1TY 1NSTRUMB1dT combines uniform cov�nants for aational use nnd aon-unifomn covennnts witb
<br /> limiced vurlatlona by jurl�diction to conatitute A unifo�m seciuicy insaumeat covering cr�+l pmparty. _
<br /> UMFORM COV6NANfS. Bomnwer und I.ender covenuttt and agree ns foltows:
<br /> 1. Payment o!Prtctdptl and u►terest;Preps�y�ment und Lwte Cdarges. Horrower shali promptly pay wlten due the -
<br /> pdnclpal of and inurest on tho debt evldenc�d by the Note and any prepnytnent and late chatges due under the Nota.
<br /> 2, Y�ltnds[or 7axes and Ina�ranea Subject to applicablo law or to a wrttten wuiver by Lender.Borrower shell pay to
<br /> Lender on the day monthly payaienta ure due under the Note.until the Note is paid in fWl.a sum("Funda")for.(a)�eariy
<br /> taxes and nssessmeats whieh mey attain priodty over this Secwity Inatnuaent as a lien oa the Property;(b)Yes�r1Y leasehold
<br /> payments or grouad rente op the Property. if any: (c) Yearlp hazard or ProperiY insurnnce prea�iums; (d) Ye.'iT1� �I�d
<br /> Inwmnce premiums. if any:(e)Yeady mortgage insurance premiwaas.if any: and(� unY sums payabte Q►y H�iro�rer ¢o
<br /> Lw..�+der,in accordannce with the provtsions of paragraph 8.ia Ueu of the payment of mortgage insur�ce�rnnninaas• �'hesv
<br /> iteims�ralled"Escrow Items." I.Bnder may.at any Wae.coIIect and hold Punds in an aano�t e�vt t��xc�ti�e maximwn
<br /> ama�:t n ita3er foz a federally related mortgage loan may t�eq�re for Bosowerh escaow annount uuder We federefl Real
<br /> Fstats g2;u;�a��dutes Act of 1974 as amended from dmc to dme,12 U.S.C.�26tD1 ea se�.�°R�SP�1").unless mnoth�r
<br /> JaW that appl{es r��,�e 4�..'�s sets a lesser amoun� If so,Lender may�$L A11�I�ICSE,COIICCL allt�•IlO�d�'1AAS�q1 AA�OUAL IIIOI i0 _
<br /> exceed the lessea ti.-��un� Lender rqay estimate the amaunt of Fuada dtuE on the basIs af¢t�re.nt dAtA�nd m�sonable '
<br /> esdmates of expend'nQUrea of future Ps�cow Items ar othervvise in accordance�vit�s aPPlieable la�i.
<br /> The punds shall be held in ax►institudon whose deposits are insured by e fecter�l agency. instramentality,or�eiitity
<br /> (including i.ender�if Lender is snch an iastitudon)ar in atry Fedetel Hotfle Loan Ba���.�ender aha11 agQly the Fund� ta pay
<br /> the Bscrow[tems. I.ender may aot charge Bomowet for haldlag and app7yit�g the'Pivads, annuali,y aaalyzing the�,escrow ,
<br /> account, or verifyLeS the Escrow Items.unless L.ender pays Borrower intenest on the Fu�ids a�nd appliCable law p�(s • .
<br /> Leader w malce suc�a charge. However.Leader may reqaire Borcowet to pay a one•dme dhe�e for ax�independent r�eal
<br /> esmie tax reportln8 se�vlce used by I.ender in connection wttb this loan,unlesa applicable law pmvides atho3wise. Unless an
<br /> egrcement Is made or eppl�cable law requires inteiesc co be paid ircttctci eY�ei1�cit t�ra�ta P�3��^��Y�'�si or
<br /> eamiDgy on the guady. Borrower and Lender mey abmee ia wndng,however,thut lnterest shall be paid on the Fuads. L.ender
<br /> sAsil give to Horrower�wlWout charge,an azwuai accounting of the Fuads.skowing credits and debits to the Funds anQ�tbe
<br /> putpose for wl�ich each�debit to ihe Punds was uaade. The Funds are pledged ua addidonel se�urlry for all sums secwed Gy
<br /> thia S�urity Iastrument,. � '
<br /> If the Funds held by�Lender exoeed tha amuunts pem�itted to be held by upplicable law.Lender shall aocount to
<br /> Borrower for the ear•ess�unds ia aocordance with the reyuirements of npplicable la�v. it the araouni of the Funds held by .
<br /> Lender at any tlme is not sut�icient to pay the�w Itema when�du�e,Lend�may�so ncsHfY�o��r�� �B pd'�e �
<br /> such case Borrower shaU pay to I.endcr the eTnouat nece�sary � p Y•
<br /> deficiency tn no moro tban twelve monthly paymenta,ut Lender's solo discr�e8o�a.
<br /> Upon payment in fuli of all sums secured by this Securiry Insirument,l.ender shuU�rompdy reftutd to Boirower any
<br /> bimds held by I.end�r. If,under paragraph 21,i.ender shell aoqe�ire or cell the Pruperty.Lender.prior to the acquisidoa or
<br /> .va1a of the Property.shnil npp�y any rl�nds held by �.,ender nt the dme of acquisition or saIe as a credit against the eums
<br /> secu�ed�y tLis Sxuriry Insttuna,en�., � �•
<br /> 3. Applk�dEon of Payments. Ualess npplicable taw provides othervvisa. all payments received by Lender uader
<br /> P�Pha 1 and 2 shaU be applial:f.�st,to aaY VnP'aYment chorges due under tt►e Nete:second.w amounts payuble nuder
<br /> parag�aph Z;third,co interest due;fowth,to principal due;and fact,w nny late char$e,�+due undet the Note.
<br /> 4. Chargp; I.teltt. $orrower shaU pay all taxes�assessnxt►te�chatges.�'iues and'imposfdons aurlbutable to the
<br /> Pcoperty ahich may attnin priority over lhia Securlty Iastrumeat,and leasehdld payments or ground reuts.if any Bo�mwrcr
<br /> sha11 pay Wese obligadons in the menner provlded in paragcaph 2,or if not paid in thot manuer.Hofrower shult pay them oa
<br /> �Ime dinectly to the person owed paymenG Bomawer shall promptly fumish ro Lender alt noHces of nmounts to be patd unda
<br /> tlila P�S�Ph. If Bortower makes these payments direcdy�Borrower shall prom�tly fLmish to Lender receipts evt�encing
<br /> the payments.
<br /> Homower shall pmmpily dlschar8e unY Ilen�vhich htis prIority ovet this Seturity Iastcument c�nless Bomnwer.(a)agree,v
<br /> in wrtting to the payment of the obllgation secured by the llen in a ananuer acxepmblo to Lender,(b)contests in guod faith the
<br /> tiea by.ar defends against enforcement of tha lien in,legal pmceediags wtdch in the Lender's opinton operate w pmveat the •
<br /> enforeement af the lien;or(c)secures from the holder of the Ucn an agreement sutIsfactory w Lender subordinuting the lien
<br /> � to ttiis Securtty insx�men� If Lender determines that any patt of the Property is snbject to n Iten which may attain�+rtorIty
<br /> - over this Security Ix�strwnent,Lender may give$ormwer a notice identifying the lien. Botao�ver shall satisfy the tien ar wke
<br /> one or morei oft�r�actions set forth above within 10 days of the giving of nodce.
<br /> S. Hazord or P'e'upert3'1n�sa►�aace. Bomower shall keep the improvements now existiag or hereatter erected on tAe
<br /> pmperlyr�ns�red eg.ainst loss by fire.hazurds included withia the term"extended covernge"and any other hazards.inclnding
<br /> • flooda or flooding, for which Lender re4ui�+es insurance. This insurance ahall be maintaiaed in the aznouats end for t1�ee
<br /> Fbr�3028 9/90 (po8e 2of 6paga)
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