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<br /> ��� .-.;;�::..�;�.<� 92-- 100673
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<br /> �„�-.-�,- .... TOaE'I7iER WITH all�he improvements now a hercafte�creetcd ap 1he prupeny.+md all e�►xcmcnta, uppurtcnu��cec,
<br /> �;,;�� und fixtures now or hereufter u part oi'ihe pmpesty. All replaccmcnls and uilQitionK.r•hall Alsco be cavered by titis Securily
<br /> _—�� Inwrument. All of the foregoing is referred to in this&cudty Ins�rumcn�tu�thc''PropertY•'�
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<br /> BORROWER COVENANTS thut Borrower is lawfully seisrd of thc Cs���C hcmby cunveycd wul hnx thc right to grent ____,
<br /> �` � and convey the Property ond�hat the PrupertY i�aoe�umbered,except Por encu�q¢raoce+of record. Borrower warronts and �'"�--
<br /> � ,',y;,y;,,,;�.,��.. will defend generally�he utle a t!►e Property agAinst dl clalms and demsinnds,subject to anY encumbrance�uf record. �
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<br /> �. 1'HIS SECURITY INSTRUMEfYT combfnes unifam covenants for nuuu��l,.u� :►nd nun-uniform covenants with �- -_-
<br /> `�"'''" 1•"- limited variations by jurisdiction to conxtitute a uniform security insuument coverin�real propeny.
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<br /> . ��...::_� .. UNIFORM COV6NANTS. Borrower and Lender covenunt und 3grc�as fiollovys:
<br /> � - �:.,�;:.,r .,.• ' ower shall om I when due Ihc °�"r `"--
<br /> •r, �,�.�,: � L Paymeat ot Principal avd Inlerest:PrepAyment and Late(.ha�ea. Rop' Pt P�Y PAY
<br /> _ ;..,7;�'�t•���.� . pri nci p u�l a f o n d i n t e r e s t o n t h e deb t evidenced b y the Note and an y pre payment pnd Ipee charges due under�he Note. _
<br /> 2. �unds for'Itaxes w�d lasuraace. Subject roupplicaMe luw or to u wrilten vyaiver by Lender.Botro.:er shull pay to �.�.*��°
<br /> -_�■; a'�yl,��'���� � " I.ender on the dn monthl a ments are due under�he Nnte,until thc Note is paid.in full,u sum 1"Funds")for:(a)yearly
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<br />-- ;,,•� r..:�. taxes and assessments wliich may attain prioriry over Ihis Security Insuument�s u lien on the Property:(bl Yearly leaschold � �;::�.7�.,
<br /> :-.'�i . ' . � payments or graund ren�s on the Property. if any;lc) yesuly huzurd or prc�perty insurance premiuma; Id) yearly flaod �_�_
<br /> ° ; inaurnnce premiums, if any: (e) yearly mortgage insurance premiums,ii any;anc�ln +inY sums payable by Borrower to i���,
<br /> ,• ti .���7' •� Lender, in accordance wi�h the provisions of paragraph 8,in lieu of the payment qf mortgage insumnce premiums. These
<br /> , .b"�f: �' items are celled"Escrow Items.' Lender may.at any Urne,cullect and ha1d.Funds►n an Amount not to exceecl the maximum �j�"�"��
<br /> -- - °. Y�.s,. � amount a lender for a federally related mortgage laan may require for�orrqWer�escraw uccount under the federAl Real ��;;.,�'�
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<br /> •;i.;• .,�. . Estate Senlement Pracedures Act of 1974 ns amended from time to�ime.I 2 U.S.C.�2601 et seq.("RESPA"),unless another .:
<br /> �;" �s' ` law that appfies to the Funds sets a leaser wnuunt. If so. Lendcr may.at any timC.co!lect and hold Funds in an amount not to �-__ _
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<br />_�. ,: �, � cxceed the lesscr amount. Lender may estimute ttlie amount of Fl�nds due on thc busis of cuRent data and reasonuble __
<br /> - esdmetes of expenditures of fuwre Escrow I�ems or dherwise in accordanee with.appl'scable Inw. � �
<br /> ';'�`� The Funds shall be held in an ins�i�ution whose deprnits ure insured by u federul agency, instrumentaliry,or entity �.. -
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<br /> - ,�;;;'"� �-�'�' (including L.ender,if Lender is such an institution)or in any Federal Home l.ou�Sank. L.endcr sh�ll apply the Funds to pay �
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<br /> • . ' � � � the Escrow Items. Lender may not chargc Borrower far holding and uQplying the Funds, su►nu�lly analyzing the escrow
<br /> ' ��,,;�, account. or verifying the Escrow Items, unless Lender pays Borrower �nteresi on the Funds and upplicuble law permits _ �
<br /> . " Lender to make such a charge. However,Lender may require Rorrower to puy u one-time charge for an independent renl
<br /> ° '```�� �" estate aix reporting service used by Lender in cnnnection with Ihis Inan,unlece upplic3bl�Ipw provides otherwise. Unless nn __
<br />_ • agreement is made or applicable law requircs interest�o be paid,L.cnder shnll nat tx requi�ed to pay Barrower any Interest or �.
<br /> ' ' J`- ' eamings on the Funds. Borrower And l.ender muy Agrce in writing,however,thut ituergs►�hull be paid on the Funds. Lender --
<br /> �k�*u=�.•� shall give ro Borcower.without charge,an unnuul accounung of the Funds,showi�[kg credits.and debits to the Funds und the
<br /> .�'•.-�_ i _ ,'��'•,,_. .,,,._;, purpose for which each debit to 1he Funda was made. The Funds am pledged as addltjqpal security for all sums secured by =•-
<br /> --- . • • this Securiry Instrument. -------
<br /> � �� If the Funds held by Lender exceed the umounts permined�o be held by Applicvble luw, Lender shall Account to ����°----
<br /> � n •^� . Borrower for the excess Funds in uccordance with the requ�remen�s of Applicable law. lf the amount of�he Funds held by
<br /> �'�'�• ' Lender at any time is not sufficient to puy the Escrow Items when duc.Lender may �o notify Borrower in writing,nnd,in
<br /> •,� " . sach case Borrower shull pay to Lender the umounl necetisary to make up the deficiency. Borrower shull make up 1hc —
<br /> !�. • � ' �' deficiency in nomore thon twelve monthly puyments,at Lender+yoM discretian. —.--
<br /> ' • • ��'�� Upon payment in full of all sums secured by ihis Sccurity Instrumen4 Lender yhull prompdy refund to BoROwer any ��;�_
<br /> . � Funds held by Lender. If,under paragr.►ph 21.Lender �hall xyuire or scll the Property.Lender,prior to the acyuitiition or �� �
<br /> � , sale of the Property,shall apply any Funds held by L�nder •rt the time of ucquisitioo or,ule:u a credit against the sums ��_-.-
<br />" °.d •,5 secured by this Security Instrument. -'�'-..i"
<br /> ��• 3. Application af P�yments. Unless applicublc luw pruvides otherwise, nll payments rec�ived by Lender under �LL__�.
<br /> •• , paragraphs 1 and 2 shall be applied:6rxt,to:uiy prepayment churgcs due under the No�e;secand,to amounts payable under - _____
<br /> , paragraph 2;third.to interest due;founh,u�princip•rl due;anJ lust,tu any lu�e Charges due under the Note. �II,�:}�y".
<br /> ' 4. Charges; Liens. Borrowcr shall pay ull�uxes, ussessments, charges, fines su�d impositions uttribuwble to �he �,�.'r,f.--=
<br /> . '.-. � °c+ ,, property which may nttain prioriry over this Security Inslrument,und IeakhoW payments or ground rent�,if uny. Borrower ��;��._
<br /> ' �'?��' ��'' shall a these obli atians in the mnnner rovided in ara ra h 2.or if not aid in that munner,Borre�wer�hall pay them on �
<br /> �,;•,`„ P Y S P P B P P ���,•� � '.
<br /> . time directly to�he perwon owed payment. Burn�wer shall prumptly furni+b ta I.cnder all nwicc,of amount+to br p•rid wxlcr
<br /> . ., �,'���' this parAgraph. (f Borrower mukes these payrncmti Jir�clly, Borrower.h:�U promptly (umi�h to Lcnder rercipts evidcncing C_ �__
<br /> �+•%' � the payments. ��
<br /> • � Borrower shull promptly diuhargc uny lirn which has pnurity o��cr this Serurity Instrument unlexs Borrower:(•r1 agree, ,;;,_
<br /> �,"��• � in writing ro the payment of the obligation ucunrd by Ih�lien in•r manner acceptrble to Lendrr,lb►contc�ts in goad faith the
<br /> • ���,;,,.���"�`" lien by.or defends ugainst enforcemenl of I he lic n i n,Icg a l p n x e e d i ng.w hi ch in thc Lender±o pinion o p erate to prevcnt the ;
<br /> "��•��� � enforcement of the lien;or(c)secures from the holder of the lien an agreemrnt sati,fa�tory lu Lender subordinating the lien
<br /> • � . � � � . to this Security(nswment. If Lender detertnim:s tha�any pan nf the Praperty is,ubject lo u lien which muy atwin priority � ,,
<br /> ;;i • •� � over Ihis Securiry Instrument,Lender muy give Borrowcra nutice identifying the lien. Bortower shall xatisfy the lien or tuke 4•,�--
<br /> one or more of the actions set fonh abovc within 10 days of the giving of notice. .
<br /> w ti a I kec the im ravements now exi�ting or herr;�fter erected on the �. V
<br /> ,.'�;t; � 5. H a z a r d o r P r o p e r t y I n s u r s�n c e. B a rr u e r h I p p
<br /> • Property insured aguinsl loss by�re,hazarJ+ included vvilhin�hr tcmi"eztcnded�over.��c"and any uther huuard�,indu ding , .
<br /> ' . floods w flooding, for which Lender requires ins�uronce. Thi� in�urance �hull tx: maintaincd in the Amounts anJ fbr the �;
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