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<br /> � :���y••��, TCX3ETHER WITH oU thc impruvrmcni+naw or Ix�rcuttcr crccird on thc pr�qxrly.und ull cu,rmrnl..uppunenuncc�, ---
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<br /> �•�•� k; ,}•, �.r and fixwres aaw an c�rcuQer u pan af the propcny. All rcplucememv und udditions�hull ul+u�he rovr�rd by IMx�wurily
<br /> ,, Insuument. All of the fbregoing ih rei'emed�a i��hix Srcurity Inx�n�mem uti the"1'nqxrly." _ _
<br /> • •• BQRROWER COVENANTS Iha�B�irtawcr is luwfully�ci�d uf�hc r,tuic hcrchy cunvcyrJ und huti�hr rfghl la grunt
<br /> �a....�.�.;...;. . und convey the Prupeny und that the Pru�xny iz uncncumlkreJ.exeept ti�r encumbrunce+uf rcrurd. B�xruwer wurrams und
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<br /> ��-;`?�;�'d�;?�" will defend generally the dUe�a�he Rr�perty uRainst all claimz und demund,,.ubject a�uny cncumhrunce+af rerorJ.
<br /> -°° ' - � '" THIS SECURITY INSTRUMENT comhines unlform covcn:uns I'or na�ionul uu und non•unili�rn� cuvrnunts wilh ��
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<br /> �� '�. .,. ; Umited vnriations by ju�+diction ta canstitute u unifarm kcu�ity insirumenl covering rcal pmperty `
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<br /> :m� . �'� '� '" UNIFORM COVENANTS. Borrowcr and Lendcr covenant unJ ugrce:��f��lloww:
<br /> , 1. Pnyment oP PrincipAl and Interesl; Prepayment And I.ete Charges. Sorn�wer.hull prumpUy pay when duc the
<br />`� • '. • ' principol af und interest on the debt evidenced by Ihe Note and uny prepuyment and latc churgen dur undcr thc Notc.
<br /> ' � 2. Funds for 7lixes�nd insurance. Subject to npplicuble law or ta u wriucn wuivcr by Lenikr.Surruwcr shall pAy to I�';::�:='�°-'—°-
<br /> � Lender an the day monthly payments orc due undcr�hc Notc,until Ihc Note i.r•paid in full,u�um l'TunJs"1 for.(al yeurly _-__
<br /> tuxes and nssestmcntK which muy attain priority ovcr this Securiry In�trument us n lien on the 1'rup�:rty:lb)ycarly leusehold �,_.,.___..r =�
<br /> pnyments or ground rents an the Propeny. if uny: (c) yeur ly huzur d or pmp�;r ty i ns u r u nce premiums; Id) yeurly flaod ������-
<br /> 'n � insuroncc premiums, if uny: Ie) yaurly mongage insurn+ice premiums, if uny: nnd 111 any sumx puyable by HuROwer to �
<br /> � ; Lender,in accardnnce with thc provisions oi purogrAph S,in lieu of thc payment aP mongugc insurunce premiums. Therc _-__ _
<br /> ` "�'�� � ` ltems sue called"Excrow Items.' Lender mny.ut any time,callect and hold Funds in un amount not ta exceed the maximum �"' �
<br /> ''�"''� umount a lender for u federnlly reluted monguge loan muy rcyuire fbr Barrawer's escrow uccount under the federul Real -��
<br /> ' Estute Setdement Procedures Aa of 1974 us amended from time to time, 12 U.S.C.§2601 er sey.("RESPA'7,unless anWher ��``j�=_�
<br /> • . , law that upplies to the Funds rels u lesser Lmoun�. If xo,Lender muy,ut uny time,collecl and hold Funds in un umount no�to ;,;,n r�.,.:-
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<br /> ' , � � excecd the Icsser umount. Lendar muy es�ima�e thc umount of Funds due on the busin uf current data and masonable �::j,,Y„�.
<br /> -" • estimates of expenditures of future E,crow Items or otherwise in uccordance with upplicable law. ,�,y�__
<br /> �� The Funds shall be hcld in un institution whase deposi�s nrc insured by a federnl ugency, inslrumentnlity,ar enlity ��.��
<br /> ' (including Lcnder,if Lender is such un institutionl or in uny Federal Home Loun Bank. l.cndcr xhull apply Ihe Funds to pny �s___�.�:
<br /> � ' • the�scrow Items. Lender may nat chnrge Borrower far holding and applying the Funds,annuully unalyzing Ihe escrow ��.;�a:,�,
<br /> �, . ' account,ar verifying the Escmw Item+, unless Lender puys Borcower interest on the Fund, and applicuble luw pennits ,,;�i--
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<br /> �� Lender to make such a chnrge. However, l.ender muy require Borrower to puy a one-time churge fcx un independent real ��L.,_.
<br /> ' estate�ox reporting service used by Lender in connection with this loun,unletiti applicublc luw providex otherwise. Unlexx an +...,_
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<br /> agreement is made or applicable law rcyuires imerest to be paid.Le�xler xhall nat be n:yuired to pay Borrowcr uny interest or �•-�=_�+�
<br /> ° • eumings on thc Funds. Borrowar und l.endcr mny ugrec in writing,however,that interest shull bc puid on the Fundti. Lender ' ;.&,ti��,,._:
<br /> �.',�,`�° shall give to 8ortower, without churge,an nnnuul accaunting of the Funds,showing credits And debi�s to�he Funds ond�he ��-�-�t,.-
<br /> ' ' purpose for which euch debit lo the Funds wus made. 7'he Funds nre pledged as udditiona!securit for nll sums xecurcd b �'"��''��'"
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<br /> �'.��:�?'�T�. � If the Funds held by Lender exceed the umoun�c permitted to be held by ppplicuble luw, i.ender shuii uccaun� �u ��„�
<br /> Borrower for the excesti Funds in accordunce wilh the requirements of upplicuble law. If Ihe amount of the Funds held by ��`��'�
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<br /> " Lender at any time is not sufficien[ to puy�he Escrow Items when due,Lender muy +o rnnify Borrowcr in writing, und,in �'°'�'�"F• -
<br /> such casc Sortower xhall pay ro l.ender th� amount necesxury to muke up the deficicncy. Borrower xholl make up �he _`�-
<br /> ' deficiency in no more thun�welva mon�hly payment.r,a�Lender y sole discrction. ��-
<br /> Upun payment in full of ull sumx secured by this Securi�y Inrtn�ment.Lender shull prompUy refund to Borrower uny ---,�...�-.
<br /> Funds held by Lender. If,under puragraph 21.Lender r�hall acyuire or�ell the Propeny,Lender,priix to ihe ucyuisition or '�'�-=
<br /> xule of Ihe Prup�rty,shull upply any Funds held hy Lendcr ut thc time of acyuisilion or sulc us u credit aguinst Ihc sums � = y�r,:���
<br /> secured by this Securiiy Instrument. �������-
<br /> ' ` . 3. Applieatiun oP Paymen�v. Unles+ applicuble luw provides uihcrwise, ull p•rymenls rcceived t►y Lender under �.'��;:_',�:•�--
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<br /> �F,•, . .: purugraphK I and 2 shal!bc applied: firs�,to uny prepuyment churge�dur under thc Natr:second,to umounts payoble under �:�":-y'-
<br /> o � . parugrapb�:third,to intcrest due;founh,to principul duc;und lu,t,to uny Inn�churge.due under thc Nntc. .,.: �:';R:_
<br /> 4. Charges; I.iens. Borcower shull p•ry all tuxes, a+scsxments, churges, fine, und impositions auributublc lo the :�,:�•-_
<br /> '' property whieh muy attuin priorily over this Security Imtrument,und Ieu�eholcl payments or ground ren1s,if un�•. Borrowcr . , _
<br /> shall pAy th�xc obligution,in Ihe munner prnvidcd in paruFruph 2,or if not puid in thut munncr.Borrower shull puy them on _
<br /> •• � •�.�. time direcdy to thc penon uwrd puyment. Borrowrr shall promptly furnish to Lrnder ull noiicc.of umount.to tx�puid under �. _ _
<br /> ' �' this paragraph. If Bom�wcr makex�hcsc payments dimctly.Borrowcr shull promptly furni.h to Lcndcr rercipts evidencing - .
<br /> � ' the payments. --
<br /> ;���. � Bonower shull prompNy ditii:hurgc uny li�n whirh huti priority ovcr thi�Scrurity Inslrument unleti�Bonowrr:lal agmes
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<br /> � � ° in writing to thr puymcnt of dx obligulion ucurcJ by thr lirn in a munner accrpwble to l,cnder,lb1 cuntc.�s in g�wd faith the . ,_ -� _
<br /> �'��* lien by,or Jefends aguinst cnfurccmcnt of thc licn in. Iegul pnxcedings whirh in Ihc Lcndcr�opinion oEx:rutr to prevent thr ��-
<br /> • enforcement of the lien;or(cl secures fram the hoWer��f thc lien un ugrcrmen��ati.fuclory to Lrnder sutiordina�ing the lien _
<br /> f 10 this Security Inrtrumcnl. If LenJcr�kt�rmines thut uny pan uf�hr F'n�prrly i�whjcrl tu n licn whirh may anain priority � i,. �.;.
<br /> over this Security Ms�rumen�,Lcndrr muy givc B�irruwer a noticc idcntifying�he lien. Borrower xhall satisfy thc lien or takc �,
<br /> � one or mom of the uc�ions set fonh t�t�wc within 10 duy.of�hc�iving of notice.
<br /> , 5. Hazerd or Property Insurunre. BuROwcr shull kcrp thc improvrmcnt.now cxisting��n c�rcufter rrectcJ on the �
<br /> Property insured again.t I�ns by tire,hararJ+included within the Irrni"rxtcnded rovrraFe"and uny uther haturd.,including ,
<br /> n�a� a n«,d�n�, for which Lcndcr rcyuirc� in.urancr. Thi. in+urunrr .hall ik maimainrd in thc nmrums and for ihc �
<br /> F�Mm 107N 9�90 ���¢r?a/n pu¢e�� i
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