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<br /> ° �, �<,. :�� ' 92-� 10460 �
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<br /> - TO(3ETFIER WITH aU the impn►vrmems naw un c�rc•rfter cr►rtcKl on Ihc p rty.onJ nll cusemcnts,upp�RCnances. �_ � _
<br /> ' �"'".;°'"'����'�'� and fiaturex now or hercofter u pan of the pmpcny. All mplacemeixs and nddiliuns shall ulw+be cove►ed by this Security
<br /> � °°'���" lnstmmem. All of the furegoing is rcfcrred to in thic Sccu�ity losUument us thc"Piroperty." _
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<br /> � BORROWER CQV�NANTS that Burrower ig lawfully xeised af tNe e+lute hereby conveycd nnd hus Ihe right tu grant C��•`_-
<br /> d ... and convcy[he Property and tha��he Property is uncncumtxred,except for encumbrsuxex of mcc�rJ. Sun�►wer warranis und __--
<br /> . �' . will defend generolly the title to the Prupeny aguinu ull clnims ond demuod+.subje�:t to any encumbrancec af n�cord.
<br /> •��` - THIS SECURITY INSTRUMENT combineti unifurm rove�nnls for national uK and n�in-unifcxm covenunts wilh �_-_ ___
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<br /> }o. IimitM vnriations by jurisdic�fon to ranstitute a unifarni security instrument covering real propeny. ---
<br /> �� ' UNlFORM CUVENANTS. Bortower und l.snder covenant and ogree as followr: s,:=�.,�.�;.--
<br /> � ,. 1. Pnymenl of Principsl And Interrait:Prepa�manl and Lale Chwrg�. Boc�►w�r shall promptly pay whcn duc Ihc �;°°.;,.—=__-__
<br />:',; , 'o principal of and interesl on the debt evidenced by tha No�e and any prepayment nnd lale chsugee duc under th�Note. �_
<br /> ' .��� �;;,�.,;,�, 2. Fu a ds tor 7 y u c�s An d Insurance. Su bjec i ta app l ica b l e I n w a r t o u w ri u e n w�i v e r b y L e n d e r,B o rcower shu ll pa y to �__
<br />{�� Lender an the day monlhly puyments ure due under!he Nae. until ihe Nate is pAid in full, a sum("Fundti')for.(a1 yearly
<br /> taxes und asxssmentti whi�h muy attuin priority aver lhis Securiry Instrument u.s n Uen on thc Pmpertp:(61 ycarly leu�ehold �_�-_--��--
<br />�t�;; paymenta or ground rent� on the Propeny, if any; (c) yearly hAZard or property insurpncc premiums; (d) yeurly flc�ai
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<br /> • insurance prcmiums, if any; (e)yearly manguge insurunce pmmium�. if Any; And tfl uny sum�payuhlc by Barrowur to _
<br /> ' ` � Lender,in accordance with the provisions of parngraph 8,in lieu uf thr puyment of mongc��e intiurunc�prrmiums. These
<br /> ���� � � items are called"Escrow Items." Lender may,at any time,collect and hold Fundi in:m umount not ta ezceed the maximum � ^
<br /> � , amount a lender for a federrlly rela�ed mortga,qe lotui muy require for Bomuwerk escrow uc�unt under the federul Real �``
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<br />: . .,. � Estate Settlement Pra;edures Act af 197�as amended from limc to timc, 12 U.S.C.�2G01 cr seq. ("R�SPA"),unle+s another ,�«�-_
<br />� .._� , _ • law that applies:to the Funds sets n lesser amount. If s:a,Lender may,ut uny time,collect nnd hold Funds in un umount not ta � '?'
<br /> : exceed Ihe lesser omount. Lender may e+timate the amount of Funds due on the buxis of cuRent datu und reasonable � -` -
<br /> estimateF of expanditums of future Escrow Items or otherwise in accordance wi�h applicable luw. ° ,.�
<br /> s Thc Funds shull he held in An ins�ilution whose deposits ure insured by u fedeml agency,instrumentallty. or cntiry ���.' �-=
<br /> . . (including Lendcr,if l.ender is such an institulionl or in any Federul Home Lo•rn Bunk. Lcndcr shall apply thc Funds to pay ����_
<br /> ' the F.�crow Items. Lender moy not charge Borrowcr for holding und upplying the Funds, annually anolyzing�he escrow �`:'_ .�
<br /> � � account,or verifyin� Ihe Escrow Itemx, unless [.�nder pays Borrowrr interetit on 1he Flinds unJ upplicnble law permits -"==_--
<br /> � Lender to make such a churge. Hawever,Lend+�r may reyuire BoRUwer to pay u one-time churge for an mdependent mAI �'-'--�
<br /> . . � • �- " estatc tax reporting scrvice uscd By I.endcr in cannection with thix loan,unless uppllcuble luw provides othcrwise. Unless an o__-
<br /> � • • ngreement is made or applicnblc luw reyuire+intens[to be paid.Lendcr shnll not be reyuired to pay Bortawer any intere�t or �""--•
<br /> ` ` ���`�'..• ,_ _ earnings on the FUndti. Barmwer and Lender may agree in wnting, hawever,that interes�shall be pnid on thc FunJs. LenJrr �'' -"'+"' --
<br /> shull give to Barrawer,without charge, un unnuul accounting af Ihe Funds,showing crcdits and debi�s to thc Funds nnd the
<br /> purpose for which euch debit to the Funds was made. T'he Funds are pledged as udditianal security for�11 sums serured by �i+��'�--
<br /> ����°-' ,
<br /> — _ - this Security Instnunent. __�„...•- _
<br /> If Ihc Funds held by Lender exceed the amounts permitted to be held by applicnble Inw,l.ender shnll uccoum to E`•� � -•-' "
<br /> Bormwor for thc exce�s Funds in accordance with the reyuirements of applicuble law. If�he umount af Ihe Fundti held by �'���_•
<br /> = Lender at any time is not sufficicnt�o pay thc E,crow Items when duc,Lendcr may so notify Borrower in writing,and,in ��'`�"``
<br /> such cuse Borrower shull pay �o Lendee�he amuunt necessury to make up the deficicncy. Borrower shull tnuke up the .+��V=:
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<br /> deficiency in no more Ihan twelve monthly paymems,at l.ender's sole diticretion. �i�= s-�n:-
<br /> Upon payment in fult of all sums .ecured by this Security Inslrument,Lender chull promptly refund to Borrower any w..��'.��
<br /> E�.�.yw�.:_.
<br /> Funds held by Lender. If,under parogrs�ph 31,Lender shall acyuire or sell the Properly. Lender,prior to�he ucyuisition or a�,��
<br /> sule of Ihc Propeny, shall upply uny Fund� held by I.ender at ihe �ime of acquisition or sale as a credit agninwt the sumz �°'"``'-'
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<br /> �ecured by this Security Instrument. ''"'.;�,;
<br /> 3. Application of Payments. Unless applicubk luw provides otherwise, nll paymentw received by Lender under . !•1.�
<br /> ` �" ura ra hti 1 and 2 �hull tx u hed:first,lo un} u ment chn� �+duc under the Note:sccond.to amounts a able under � � ' ```
<br /> .,, �' P B P � PP� PrcP Y B'� P Y ;; 1:�';i ;�.
<br /> '� , , parngraph 2;�hird,to intere�t due;fouhh,to principal Jue;:uxi lust,to any late churges due under the Note. •���� `.`�+�-=-
<br /> .. ' 4. Charges; Liens. Bartowcr �hall pay all taxcs.a»essmcmti. rhargcti, fines and impositiunti altrihuwblc lu Ihc '� , �.•r•y"
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<br />' . . � Property which may anain priori�y ovcr thic Securiry Ins[rumcrn,und Icu.chold paymrnt.or ground rents,if uny. Borrowcr �°�,��
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<br />"' > shall a�y these obligations in the manncr provided in paragraph"!,cx if n�w paid in that manner,Barrower shall pay thcm on � ;�x�-
<br /> �• " �" time direcdy to the person owed paymcnt. Borrowcr,hall prompUy fumi+h to Lendrr•rll notices ofumounts to be paid under -���
<br /> _�,•:t!%:'•�'; • this purngrAph. If Borrower muke�these paymeni�dirrrtly.B�xrower�hall prampUy Ibrnixh io Lender receipts evidencing - •
<br />. .'�" the payments. ��, �.ti'
<br /> Borrower shall prumpUy discharge any lien which has priunry over this Securiry In,trument unless Borrower.(a1�grees • •.,;
<br /> . in writing to the payment of the obligation�ccured by the lien in a manncr aceeptable 10 L�nder.(b)conlexts in good fuilh the ; _
<br /> lien by,or defends a�uinst enforcemrni c�f ihe lirn in,legul pnxceJings which in thc l.ender�opinicm oper•rtc to prevent the � ;��;;,�'-
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<br /> en forcement o f t h e lien;or(c)secures frcxn t he ho l Jrr u f t h e lien un u�rcemcnt sutis fnrtory tc�Le n der su b or dinating t he lien r �',;'�-�_:
<br /> to this Security Instrument. If Lender determinr.ihat any part of the Pr��xny i.suBject to a lirn which muy attuin priority � "
<br /> over this Security Instmmenl.Lendcr muy give Borrower�nuticc identifying thc licn. l3orrowcr shall satitify thc lien ar take '
<br /> one or more of the actions set fonh abovr within IU days of ih�giving ot'nuticc. i
<br /> �p •� S. Haznrd or Property Insur�nce. Burrowrr�h�ll krrp th�improvrmrnts now exi,iin� or hereuftcr erccted on thc: �
<br /> ; Property insured aguinst loxs by t"ire,hararAs includcd wi�hin the Irrni"�+ctended cuvrrage"anJ any�ither har.ards,includin�
<br /> floods or tlooding, for which Lender reyuires insurancc. 'll�iti imurance ,hull tx: muintained in the amoums and for the �
<br /> Form d021i 9I90 r puxc:oJ n ry�¢es i �
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