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<br /> .�=�1 � 92�10039 4
<br /> __�i — 'POCILiTHBR W ITH al)�ho impmvcmcn�d now at liorcaftcr croctcd un Iho ptr�chy.and wll rukmcnts,appurtunw�ecx,
<br /> �nd flxlurc�naw at hercaf�er p part of tho praperly. All rcplacemontx aul uddilionr nhull�pl��l�n covcred by�hir Soru�ily
<br /> _����� buurument. All oithe fixc�ofny is rcferrcd�o in tFue�urfty Inwlrumum�w tha"Prupchy,"
<br /> -_ ��„� BORROW�R COVENANTS Ihat Bom►wcr i�luwfully nci��.�d of tho cxtato humhy cunv4yod nnd hox tlx�i�ht �o Krunl
<br /> ---- and convey the Propeny w�d tlwt the PrW�erty ia uneticumbenJ.axcept fur e�cumhmn��e�oF mcu�1. Bum�wer wurrwnr ww!
<br /> -,`a'� will dePend genealiy tha tilk to the Property aguinxt all clalmx anA dompnds.yubJocl tq Any encumhrancer ui rccwd. _
<br /> ���_-.�.�;:
<br /> THIS SHCUR[TY INSTRUMBNT combinca unifam ��vcnwntK fur nwtiunal uw an►I nnn•uuifurm covcnunts with =
<br /> � Iimited variations by judsdiction to conatitu�e u unitorm securlty i�suumem cavering real pro�Ky �
<br />' •�=� UNIFORM COVENANTS. Borrower and L,ender covenont and Agrce as follaws: a when duc the —
<br /> l. PMymeat ot Principal aad Interest;Pirepsyment aad L�te Chpr�e9. BoROwor shall�promP��Y P Y
<br /> _1e _ -v""'-'.6'� princip�I of and interest on tMe debt evidenced by the Note und any preppymem und lata cha�go9 dus under the Nde.
<br /> 2, Ft�ads tar'ilu�es aod Ingurnnce. Subject to npplicabie law or to a wdttan wAivar b��Lender.Borrower shall pay to
<br /> -�_'� ��'':..� I.ender on ihe day moathly paymen�s are due undcr the Note,un[il th�Naca is puid in.fuU�u sum 1"Funds')far.(a)yearly �
<br /> �'`-���.� ��' teues and assessmen[s which may a[tain priaity over this Secudty InstNment as a lian ao�tha Property;lb)yeorly leusehold
<br /> -'°"'��-` paymenta or ground rents on the Pruperty. if any: lc) Yearly ha�ard or PtopenY insurancc p►emiums: ld) YcArly flaod
<br /> � ,'}'_ i nsur�u�ce pr+emiums. if s►n y: (e) yearl y mortgage insurunce premiums,if w�y: And (4 any sums paynble by Borrower to �
<br /> "" -'°- °� Lender,in accordance with the provisions of parng ro p h 8,in l ieu o f t ha payman t o f ma rt a a g B insurance premiums. These __�
<br /> -�..
<br /> _����:� items ere called"Fscrnw Items." l.ender may.at any Gme,collect und hald Funds in,nn�amount not to exceed the moximum
<br /> --= amount a lender for a faleraUy related mortgage loan may requiro for Bnrrowari�surow account under the federal Real
<br /> - =�a=��d Estue Senlement Procedures Act of 1974 3s amended f�om time to time,l2 U.S.C.5 260�e�seq.C'R6SPA"),unless another l,...
<br /> ---,n� �.._„ �*
<br /> ---�- ---�i3�`:��- ' law�hat applies to�he F�nds set�a iesser anrount. If so.l.cndor may,ut anp time.collect and hold Funds in an amount na to _
<br /> , ,''� ' ;.�;�,,� exceed the lesser nmount. L.ender may esdmate ttie rimount af Funda due on the basis of cument duta and reasanable _,__
<br /> ;•;;;::,, .�.:
<br /> _ ,,,,�,�Y 4� � ,.,,�,,, estimates of expenditures of future Escrow Items or otiierwisc in s�cordnnce with applicable law.
<br /> ;7�� : �•;, The Funds shall be held in on institupon whose depasits are insured by a federal agcncy, insnvmentality, or entity
<br /> Y_.���.L��, ,:. (including L.endcr,if I.ender is�uch an insBatutian)or in any I'�ederal Home 4oan Bank. Lender shall apply the Funds to pay
<br /> _ �,:,y.�.,, �, . the Escrow Items. L.ender mn not char e Borrower for holding and applying,the Fuods,annually analyzing the escrow `"
<br /> '�'���-•:���:_..�,_. account, or verifying� Fscrow [tems. unless L.ender pays Borrawer interest on the Funds and applicable Iaw permits .„..�_
<br /> ''� Lender to make such u cbarge. Hawever.l.endar muy require Botrawer to pay a onc-time churge for an independent real ��-
<br /> �r�i �i�y.�...� , �}"a.�-
<br /> - '_;�R.�i�'^�• estate tuc repurling service used by l.ender in connecdon with ihis loan,unlesa Applicable law provldes o�tterwise. Unlegs an ��_
<br /> ,�,m,�:.Y;�, agreement is made or applicable luw requires intemst to be paid.I.ender shall not be required to pay Borrower any interest or �`-`•
<br /> ---�'''� earnings on�he F�unds. Barrower smd Lender may A}nee in w�iting,however.that in[crest ahall be pafd on the�Lnds. Lender
<br /> �� . h,;, . J �`�
<br /> '•�� shali give to Bortower,without charge,un unnual accounting of the Funds. showing c►edits and debits to the Funds und the
<br /> '"•,'1 ^.�•.:�t ,
<br /> _ - �_,�.:.r;..•__ purpose for which each debit ta tlie Funds wa�mada. The Funds are pledged as addfUonul security for all aums secured by �';;
<br /> 1��� ��"', i �. this Securiry Inatrument.
<br /> r If Ihe Ii�nds held by Lender exceed tha umounts pertnined ro be held by upplicable law. I.ender shall nccount�o � ''�
<br /> �:"���'ii:�.._..!�r� . .
<br /> •-�•��� Z�'+'•t• • � Bormwer for the excess Funds in accordance wlih tJta requirements of applicubla luw. If the amount of tlte FLnds held by �L�,
<br /> ''•�:::;,°�'`�' L.eader at any time is not sufficient to p�y the Escmw ltems when due,l.ender may so notify Borrower in wriung.and,in
<br />-'=� .�;;:,; �i • � such case Borrower shall puy to Lender tha amoum necessary to muke up tho deficiency. Borrower siiull make up tho ��
<br /> �� �'o , deficiency in no more thnn twelve monthly paymanle�,ut l.ender's sole discretion. �,_,
<br /> '• '•� Upon payment in full of s�ll sums secutnd by this Security Instrument.Lender shall promptly refund to Borrower any —
<br /> _,�,. . .,•
<br />=s'— .� �` `��,� Funds held by l.cnder. tf,undcr puugrnph 21,Lender shull aryuire ur scll �he Propeny.Lender, prfor to the ucquisition or �-r
<br /> ���;�.� r��� sale of the Property,shull upply ony Fundc hald by Lender a� the time af ucyuisition or sale as u credit aguinst the sumx
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<br /> -���. .��p.er secured by this Security Inswmem.
<br /> '?',-.�"�"'�' 3� AppUcatbn ot Paymeot�. Unless upplicuble low provides othenvise,oll puymem4 received by l.ender under �.:__
<br /> - �.:, �., parug�aphs 1 and 2 shall be applied: fin;t,to any pr+eaayment charges due under the Note;kcund, lo umounGr payuble under
<br /> � :,-��.'�'��. , paragnph 2;third,to interest due:fouAh.to principul dur:and laxt,to any lace churges due undcr thr Note. �``�;
<br /> � -���S 4. CNargea; Liens. Borrower shall puy all tuxe,,usse,smen�s,cha�}es,finc� and impoxitiuns atWbutnble to the !-.
<br /> -- ��'"' "'- • property whlch may anuin p�iori�y over this 5ecurity Insi�ument,and leasehold puyments ur ground rents,if:u�y. Borrowcr
<br />-� �,'*M' . shall pay these obligations in the manner provided in pamgn�ph 2.�x iF not poid in lhal munner,Borrower shull puy Ihem on ��--�
<br /> -'y�=��'��x '� time dircctly to the person awed payment. Bomnwer shull prompdy furnish ro Lender all notices of amounte to be paid under ---
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<br /> - .. .--:�•... :,� this pa�agraph. It Barower malces these payments directly. Borrower shull prompUy furnish to Lender receipts evidencing _
<br /> ':;i;� ,.�- . the paytnents.
<br />----- . - �.a�• Borrower shall prompUy dischurge any lien which has priority over thi�Security Instrument unkss Borrower.(a)agrces �
<br /> -•�=:"��'�: .` ����' � in writing to the paytnent of the abligution secured by the lien in a manner ucceptuble to Lender,(b)contests in good faith d►e
<br /> =::r��� �w,�.�_, •�;`. ._,
<br /> _ ��- �. lien by,or d¢fends against enforcement of the lien in,Iegul proceedings which in 1he Lender's opinion operate to prevent the �,_
<br /> ��'�=..�,.�'- .
<br /> - i;,�� ,c�`,.� • , enforcement of the lien;or(c)secures from the holder of the lien on ugreement satisfac[ory to Lender subordinecing the lien �_
<br />- "' .�� - tu this Securi Instrument. If Lender determines thal Uny part of the Propeny is subject to n lien which may atwin prioriry
<br /> `°�'�'�,�'°,�;..,' ° - , �Y ��:.
<br /> u%����; .}�,�,r. � over this Security Inswment,Lender may give Borrower a notice identifying the lien. Borrower shall sati+fy the lien ar lakt
<br />:���y 't�?��c.�.. ' one or more of the actions set fonh nbove within 10 days of�he giving af nouce. ..
<br /> �, �� S. H�rd or Prope�ty InsurAnce. Borrower shall keep the improvemenls now ezisting or hereafler erected on the ,.
<br /> - ''� . - ' Property insured against loss by firc,huzurds included within the term"ezt�nded coveragc"and any other hnzards,including
<br />-. .' � • �:,:-�^;' � tloods or flooding, for which Lender reyui�s in�urance. This inswvnce shall be maintained in the amaunts nnd for�he �
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