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<br /> 92--100370
<br /> -°-�"'� TOCiETHER WITH All lh�improvcmenix naw or heroaflar arecled on�hc properly.Lnd all cosemen�+�,appune�nnccw,
<br /> - — and fixlurc�aow or heMafter o pa�t of Ihc propchy. All repincamenlR wK1 additian�r shWi ulxo be rnvc►ed by tfiis Security
<br /> �� In�lrument. All of the foregoin�iR mferted w in this Securlty InF�rumenl us the"Praperty."
<br /> — i BORROWER COVENAPiTS ihut Borrawcr is lawfully s�aiFCd of Ihe cstutc hereby conveycd w►cl hati thc right ta gnuu
<br /> ~� �'� -�:..� ��o��ey the prc►perty onei�h�it thc Properly is unencumbered,oxcep�far encumbruncex oY recorJ. Barrawer warrants suid _
<br /> ._'� will defrnd Yenerolly 1he tiAe to the P�r�eny aRainal all claimw and demandR,subject to any encumbmnces af record.
<br /> `-a��-- - = - THIS SECURITY INS1'CUMENT cambines uniform cnvennms fnr no�ionul use m�d nan•uniform covenanl� wilh -
<br /> Iimjted variations by judsdictico w constitute a unifixm seeurity ins�nimem covcring real property. �
<br /> � T UNIFORM COVENANTS. Bocrawer c�nd Lender cavanam und agrec us fallaws:
<br /> .—.�.M,��;� 1, P�yment of Principal and Interesat;Preppyment and Latc Charges. Borrower shall promptly pay when due the
<br /> -_�t�, princ ip�1 o f an d in t e n e s t o n t h a d r,b t evidenced b y�he Nrna and an y pre payment and late churge:due under the Note. �_
<br /> 2, Funds tor 71Axes aai Iw9urapce. Subjec�to npplicablu low ar to a written waiver b}�Lender,Bortower aholl pay to �_y_
<br /> �-_•�,�` ' w-:_
<br /> Lender on the dey monthly payments auc due under Ihs Nnto, until thc Note is pu�d in full,a sum("Fund+•")for.(a)yeArly �
<br /> —�:: , tl taxes and assessments which muy unain prioriry over lhis Securiry Inatrument as a lien on th�e Propeny;(b)yearly leusehold
<br /> �i'�-���• ments or und rents art the Pra if an (c) aarJ hazard or r n jnsumr�u premiums; (d) yearly fload _-^�
<br /> PaY 8�'o Pe„Y• Y� Y Y P� Y
<br /> �--="�r�� insurpnce premiums, if any;(e)yec+rly mortguge insuronen pramiums, if any; t+nd (� nny sums payAble by 8orrower to -
<br /> '"°�`" Lxncier,in accoMance with tha provisions of paragraph R, in lieu uf the payment of mun�;a�e insurance prcm�ums. These =__-
<br /> - items are called"Escraw itema.' Lender may,at any timo,collect and hoW Funds in an amount not to esceed tt�e moximum �;�,,.
<br /> ""—=""".��.;��. amount a lender far a federalfy re4ated mongage laan may requine for Borrower's escrow accounl under the fedeeal Iteal ---
<br /> �:
<br />_�_�,5,.�°��;,..��o.;�'�F:"t%l,' Fsta�e Settlement Procedures Act of 1974 as amended from lime to time,I2 U.S.C.�2601 er req.l"RESPA"),unless a�►oq�er _
<br /> .� "�'�. � law that t►pplfes to the l�nds sets a le-cser amount. If so,Lender may,ut any time,collect and hold Funds in an cunount not to _-
<br /> r`��r 0 r� �T t�'� f � exceed the lesser amount. Lender may esdmate the amount of Funds due on �he basis oi curtent data and reasonable _
<br /> , a'si�` � r„F :
<br /> - `°'�g1.r.: N��''�. �
<br /> - " ; r`��.�` es t i m a t e s o f e x p e n d i t u r e s af future Escrow Items or dherwiso in accordance with applkable law•. �.�r_
<br /> �, �.,
<br /> --_�:;;_;;�' ,' ri'"`-,`� The Funds shnll be hald in an institution whose dopo9ile are insured by a federui ngcncy, instrumentulity, or entiry �-
<br /> �"--"''��'�`-. (including Lender.if Lendcr is sucb an in.rti�ution)or 1n iuty Federal Home LaAn Bank. Lender shall upply�he Funds to puy ��
<br /> `r the E.�crow Items. Lender mrry not charge Barrower for holding and applying the Fundg, unnuully anulyziog Ihe escrow �,_
<br />�.- �`� � •� �,� account. or ve�ifying the E�crow I�ems, unless L.cnder pnyx Born�wcr interest an the Fund+ nnd ��+plicable law permits E�f 4
<br /> T � f"'�'�"�'•° l.ender ta muke such a charge. Howcvcr,Lender mny reyuit+a Bortower tu puy u c►ne-timc charge for An independem reul _
<br /> =.��i.__..•,,..
<br /> � .�-.-�_�- � es�ate wx reponing service ux¢d by Lender in conneciion w11h thix loan,unless applicuble luw pmvides cxherwixe. Unles�an o.-�
<br /> -"°',�,�:�.�,,,�:�.r� �, ugrcemcnt ia made or upplicublc law nquirex imercxl to bc paid,Lendcr xhull nut hc reyuired tu puy Sorrower any intcrest or
<br /> ��� -�> - camingR an Ihe Flmda. Borruwcr and Lendc�moy agmc in wdling,howevcr,�hut intcre+t shull fic paid on thc Funds. Lenilcr �Y._
<br /> �� •_"-. ?�`,-;r,'�'•'., shall givc to Borwwer.withuut cluugc.an annual uccauming of thc PutKl�.ahuwinq cmdlth wxi dcbitr to thc Fundti uod�hc �:a-
<br /> _'�`'�!��L�{°••� " purpusc fiir which cach d�Mt tu th�:funJx w�.�madc. 7'ha Fundx urc plcdgcd ac addltianul�urity for ull Auma sccured by --
<br /> -. :M�._.. 'i+',w,-_� a.wr.
<br /> �,-�-..� :,.a -�_° �hi�Security in�i�uwa��i. -
<br /> -==� . . b IF thc Funds heW by L.ctdcr cxcced thc umount� �x+miiucJ w be hcld by uppNcublc luw,Lendcr shnll account �o =__
<br /> _,.r .
<br /> -� � Borrowe�for Ihe excess Fl�ndK in uccorcfance wi�h�he reyuiramenla of applicubM law. If the amount of the Funds held by -
<br />._:K, � � � r,�..:d ��' Lender at any timc is nat aufficicnt t��pay the Escrow Itomn whcn duc,Lendcr muy u� notffy Borrowcr in w�ting,end,in �?
<br /> -•; .� ,�.: , ,,., such cuse Borrower shull pay Io Lcoder the amount nocatisHry to muke up the deficicncy. Borrower shail make up the �
<br /> �:: :a�h1� ` deficiency in no morc tha�e�wetvc monthly ppyments,al Lendcrti tiolc discretion. �
<br /> .:I•.1J. . .•
<br /> .�T ;�i�;• y°?�� Upon payment in full of all sums secured by�bis Soauri�y In�+lniment,Lender shall promptly refund to Borrower any
<br /> °°^�- "_.�Y. Funds helJ by L.ender. [i,under purngraph 21,Lender sball ucyuire or sell the Propeny,Lender,prior to the acyuisition or
<br /> ='�':� �`,�',."� ' sulc of the Property, shull upply any Eu�s held by Londer at�hc time of acquisition or sale as a crcdit against the sum� _ _
<br /> �::�i�= .{,. .
<br /> secured by this Security[nsuumcnt.
<br />_�--r .�_'� �•�w, , '�`-� 3. Application at I�yments. Unless app lica b lo IHw prov i d es o t herwise, a l l p a y m e n t s re c e ived b y Lender under -�.�:
<br /> = �.` pnragraphs 1 and 2 shutl be applied:first,to uny prepuyment charges due under the Note;yecond,to amounts payable under ___
<br /> �" P° ' + ° paragraph 2;third,to imene�t due:founh,to principal due;and last.ta any late chazges due under the Note. �°_
<br /> "i." • � 4. Char es;Liuns. Barrower shnll pay all tuxes, assessments, chu es, fines and imn sltions attribulable to the r
<br />_.,.1�b.. ��Y�' '.•V.�7,•` � B r° �'1}�
<br /> _ , � ;,,:,;; �«x, Property which mny uttwin prioricy uver Ihi�Security Instrument,and Iea�ehold payments or ground rents, if any. Borrower
<br /> _ ..,y ,-:,�F :_. „ shell pay these obligatinns in the manner provided in parngn+ph 2,or if not poid in that munner,Horrower shall pay them on
<br /> , , -i;,�;;; , -, „ time direcUy to the person owed payment. Bortower shall pmmpUy furnish to LenJer all notices of amounts to be paid under _-:_^
<br /> r�.,•r , • �•�,��'�� „ this paragraph. If Bornower mukes tbese payments directly,Barrawer xhall promptly fumish to Lender rece ipts evi dencing v
<br /> _ . ., thc payments.
<br /> ^'��'� m U dischur e un lien which has riori� ovcr this Securiry Instrument unless Bortower:(a)agrees
<br /> shnll ro P Y ��_..-
<br /> -- Borrowcr q p Y S Y
<br /> • ;�'.;`i�' t• •` •' '* in writing to the payment of ihc oMigatian secured by lhe lion in u manner acceptnble to Lemier,(b1 contests in good fnith the -
<br /> � ,..,, ,;-1' • lien by.or defends again�t enforcement of the lien in,Iegnl proceedings which in the Lendert opinion operate to prevent the —_
<br /> �~'.� � � enforcement of the lien;or(c)secures from thc holdcr af the licn un agreement sutisfu��ory to Lender subordinnting�he lien
<br /> u• ---
<br /> `. �.f, ��_.
<br /> � j n` to this Security Instrument. !f Lender detertnines Ihat any pan of the Propeny iti cubje�t to u lien which may anain prioriry
<br /> ,:�..•.
<br /> over this Security Inatrument.I.endcr may give Borrower u noticc idcntifying thc licn. Bo►rower shall sali5fy the lien or take `
<br /> � one or more of the uc�ione set forth above within 10 dnys af Ihe giving of notire. ,.
<br />. ' . • �� � " 5. Ha2ard or Property Insuronce. Borrowcr shall kccp thc improvemeniti now existing nr hercufter erected on thc
<br /> �. 1:°."`:��� '� Propeny insured ngainsi luss by fire,hutards included wilhin thr tem�"extended coverug�"und any othcr hazs�rds,including
<br /> .. .�.�.
<br /> �� , ,,, , floods or floadin@.for which Lender reyuires insurnnce. 'I'lii+ inxurance shull be muintuined in the amount�und for�he
<br /> . • ' •� Form�028 9l90 f/k+Xe 2 ojA pa��sl
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