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<br /> 100495
<br /> = TOOE7'HER WITH ull thc improvemcnts aow or hen:uftcr crccted on Ihc pn�perty.und all cascmrm�, appuncnonces. __
<br /> '� and flxtures now ur hereafter a put of the pmperty. All replacements and additians�hall uis�o bc covcmi t►y thir Scrurity
<br /> '' Instrume�t. All of Ihe fotegoing Is refcrred to in this Security Ins�rumenl us the"Property."
<br /> � .,,�,4_�.., ', BORROWER COVENANTS that Aorrowcr is lawfully Mised of ttie extutc hcicby a►nvcycJ aiul ha�thc right to grunt
<br /> .� and convey the Property und�hat the Piroperty is unencumbercd,except for encumbruncc,of recurd. Burmwer wartuntR and
<br /> �.;;• witl defend generally tUe title ta lhe Rupeny ogulnst all cl�lms w�d demand.i.subject to uny encumbrwrcc+of're�urd.
<br /> ;.� THIS SECURITY 1NSTRUMEMf combines unifomt covennnt+ for nadonal u.r nnd non-unitonn covenunlY with � _
<br /> '� limited vnriations�by jurisdic�ion ta consdwte u uniPorm securiry insuument covering real property. _-
<br /> - UNIFORM COVENANTS. Borrower und Lender covenant And ugree as followw: —
<br /> ��.',;�:�"�` �. pAyment oi Principfil nnd Interest:P�epaymeat and Late Cdarges. 9orrowcr shall promptty pay whcn due thc �x^�=_
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<br /> -- '." ="�:,,.,.;y��;, principal af und interest on the debt evidenced by the Note++nd nny prepuyment ond late char�ew due undrr�hc Note.
<br /> _,� �;, .�u,�� Z Funds tor'Ibxes and lasurance. Subject to upplicabie law or ta a written wuiver by Lender,Horrower shuli pay to
<br /> • .x.� Lender on the ds►y monlhly puyments ure due under the Note,until the Notc is paid in full,a sum 1"Fundr')for:(a)ycurly __
<br /> '"��-�x"�'."�"�'' taxes and assessments which may utln�n priodly over lhis Security lnstrument as a lien an ihe Propeny:l6)yearly Ieusehold = -----
<br /> � " '�• payments or ground rents on �be Property, if any; (c) yearly haxard or property lnsur�nce premiums: (d►yeurly ilood
<br /> __;,� ~= ''�•�'�r'���; insurnnce premiums, if any;(e)yearly mongage insurance premiums, if uny; und(� uny sums payuble by Borrower ta
<br />--- ,,,�y:.;�•s Lender.in accordmice with�he provisions of paragrnph 8,in lieu of/he payu�ent of mortgage inrurance premiums. 7'hese
<br /> ,�, �, :.:: v items ure called"Escrow Items.' l.ender may.al any time,collect and hold Funds in An amount nat ta cxceed Ihe maximum ___
<br /> - �<<h: amount a lendcr for a federolly reluted mongage loar�may require for Bortower's escrow acrnunt under the federul Rcal =
<br /> -��y� '�'�''� ' Estute Settlement Procedures Act of 1974 aS wnended from time to�ime,12 U.S.C. �2601 er seq.("RESPA"),untess aaather °
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<br /> law thut upplies to�he Funds sets a lesser amount. If so.Lender may,at uny time,collect und hold Funds in sin amaunt not to s-r-
<br /> ��:_��Z � eaceed the lesser arnount. Lender muy egtimate ihe amount of Funds due on the bosis of cutrent data and reasonable �-===-
<br /> �`'='—"�`'•�.°','r's*':?�`��' esumates of ex nditures of future E�crow Items or atherwise in accordatke with a licable luw.
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<br /> � � �' ��"" ` ` � Thc Funds shall 6e held in an institution whose deposits are insurrd by e federsd agency, instrumentality,or entity _ ____
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<br /> :?.,� ` ' �" (includi�g Lender,if Lender is snch an institution)or in any Federal Hame Laan Bank. Lender shull upp{�•the Funds to pay ___.
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<br /> _ �,�°, !� � the Escrow Items. Lender ma not char e Barrowcr tor holding und applying the Funds, annually analyzing the escrow
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<br /> - . ,�'�};,�•-'��,.`, account, or verifying the F.scrow ltems, unless Lender pays Borrower inlerest on the �unds and applicable law permns _
<br /> ...�E{•'� '.t�����-��_��'��;'. ` Lender to make such a charge. However.Lender mAy require Borrower ta pay a one-time charge far an independent reAl ��s,
<br /> ���R� � , """",q�,,•'�'::;;-�� estate tax reporting service used by l.ender in connection wi�h this loan,unless applicable law provides otherwise. Unless nn _—_
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<br /> � agreement is mude or applicable luw requires interesl to 6e paid,Lender shall nat be required to pay Borrower any interest or
<br />- 'w . earnings on the Funds. Bormwer and Lender may agrec in writinR,however,that intere�t shall be paid on the Funds. Lender ��=�"�
<br /> 's 1 �;i,t�.-,, _�. ,, shall give to Barrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds nnd the _ ._
<br /> "� `_� ,�,,::r purpase for which each debit to Ihe Funde was made. The Funds are pledged As additionel secu�ry for all sums�ecured by
<br /> r,,. �Y= = n , - - this Seouriiy Irwiruuix�li. �-=_
<br /> •., If the Funds held by Lender exceed �he amounts permiued �o be held by applicublc luw, Lender shall account to
<br /> "` ' � ' Borrower for the excesa Funds in accordance with�he requirements uf applicable law. If the amount of the Funds held by
<br /> _ � ' Lender at any time is not suf�icient lu pay the Escrow ltems when due,l,ender may so notify Borrower in writing,und,in �_;:+�.w
<br /> -� r�.':'�: . such case Bortower shall pay to Lendcr the umount necessury to make up Ihe deficiency. Borrower shall make up the
<br /> � ��`!+•`•'' deficiency in no more than twelve monthly payments,at Ixnder's xole discretion. ___
<br /> '. Y �', *}i.';.•. Upon payment in full of�ll sums secured by �his Security lnstrument.Lender shall promptly refund to Borrower uny ,__
<br /> �fi�•.`�,' �.�� Funds held by Lender. If,under paragrnph 21,Lender shull ucquire or xell the Propeny,Lenck:r,prior lo the acquisition or
<br /> ' � . nale of the Property,shull apply uny Funds held by Lender ut the time of acquisitian or sale as a credit against the sums �-�.••--
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<br />, ,,,�y � ,+� secured by this Security Instrument. -�•--
<br /> � �.:fi�' •"�,, �Y 3. Applicallon of Payments. Unless applicublc luw provides othe►wise, all puymentti received by Lender under _
<br /> � �.. , , paroRraphs 1 und 2 shall be upplied:firxt,to nny prepayment churges due under the Not�:second,to nmounu payuble under -
<br /> . _ •� paragraph 2; third,to interest due;fourth,to principal due;and lust,tu any late churges due under the Note. m
<br /> -• .. •� • 4. ChArges; Liens. Bortower shall puy all taxcs, assessments, churges, �nes und impositions attri6utable to the •
<br /> . Property which muy anain prioriry over this Sccurity Instrument,and leusehold payment,or ground rents,if any. Borrower
<br /> � .� . . � :' '� shall a these oMigations in the manner provided in parugroph 2,or if not paid in that mnnner, Borrower shall pay them on �r;�.�
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<br />'__ = =;�, `;:�;�,,,�.,, lime direcUy to the person owed paymenl. Borrowcr shull promptly fumish to Lender:�II noticc+of amounts to be puid under -� �:
<br /> - "� ```^ � this paragrnph, If Borrower makes these payments directly.Borrower shull promptly 1'urnish to Lender receipts evidencing . _.
<br /> '1' '' the puyments. —
<br /> L?r;�?..�." . Borrower shall promptly dischurge uny lien which has priority over this Security Instrument unless Borrower:(u)ugrees F_;,_y—
<br /> - � �e�;�;:��;� in writing to the payment of the obligntion xecured by the lien in u manner acceptable to Lender,(b)contesis in good faith the =-y-_
<br /> ,:; 'h!t,,,`,�`�.; lien b or defends a ainst enforcement of the lien in.legal proceedings which in the Lender's opinion operute to prevent the C��—
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<br /> _ . � ��' •q;,Of:;,?�:;�:� • enforcement of the lien;or(c)secures from the holder of the lien un ugreement s�tisfacwry ta Lender subordinuting the lien �n�-,�
<br /> � ` to this Security Instrument. If Lender detertninex thut uny part of the Property is subject to u lien which may attain priority '�
<br /> ' '°�r" � over this Security lnstrument. Lender may give Borrowcr n noticc identifying thc lien. Bormwer shall salisfy!he lien or take ,
<br /> �� � one or more of the actions sel forth above within 10 days of the givin�of natice. ,
<br /> ' � 5. Hazard or Property Insurance. Borrowrr vhall keep thc improvement�now exititing or hereafter erected on the
<br /> - ��� Property insured against loss by fire,hnzards included wi�hin thr term"extendrd coveroge"und any other h:uard+,including
<br /> • �� '"' floods or flooding, for which Lender rcyuire� imur:uue. This inwrvncr �hnll be maimaineJ in the umounts and for the
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<br /> ' .,+ � Form W2!{ 9f90 ��K�:r JA�wR�sl I
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