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<br /> TH1S SECUFiiTY INSTRUMENT combtnas unHorm�cG,ovenants tor ndtional use anci non-unitorm covenants wiih �
<br /> IUntted variatlo�s by jurisdictlon to constitute a unHorm security instrument coveriny raal preperty =
<br /> UNIFORM COVENANTS.Borrower and Lender covena�t and aqrea as fdlo�vs: �_
<br /> t.P�yitu�n!01 Principai�r�InY���i;Pta�}�ttr�:�t assd!ata�Furq�s. Borrowar shall promptiypay when due -
<br />- the princlpa!of srfd Interest w�ti iu debi svkier�cai by the Note srxi anY pre�aYmant and tate charpes due under the c_..
<br /> — rlMv. °
<br /> 2.Fu�c9�tor Tax�s�nd Onuuance. Sub�ect ta appllcable iaw or to a written wa►ver by�ender,warorve�snaii�y �
<br /> to�.end6r o��the day monthly payments are due under tha Nota,uniR tha Naia is pa�tn iWl,a s��m('Funds')tor. (a)
<br /> yeady taxes anci asssssme�ts whtch may attaln prloray over this Security�nstrume�t as a Ilen on tha Propeny,(b)yearly F
<br /> ff eari hazard or o Insurance promiums;(d) �.
<br /> Ieasehoid payments or ground rents on the Property, any;(a)y y P� PBrtY �
<br /> yeady flood Insurance premlums,if any;(e)yea�ly mortgage Insurance premiums,If any;and(fl any sums payable by v
<br /> gurtowerto Lender,in accordance wfth the provlslons of paragraph e,in Iieu of the paymant of mottgage insurance _
<br /> premlums.Thes�Items are called`Esc�ow Items."Lender may.at any time, co11ect and hold Funds in an amount nai to
<br /> exceed the maximum amount a le�der for a tederaily retated moRgage loan may require for Borrowar's escrow accouni �
<br /> under the federal Real Estate Settlement Procedures Act of 19T4 as amendad from timeto time, 12 U.S.C. �2601 et �-
<br /> seq ('RESPA"),unless another!aw thut appiles to the Funds sets a lesser amount.If so,Lender may.at any time,cdlect _
<br /> and hdd Funds In an amount not to exceed tha lesser amount.Lender may estimate the amourrt of Funds due on the =
<br /> basls af current data and reasonable esUmates of expenditures of future Escrow Items or oiherwise In accordance venh :
<br /> appllcable law. -
<br /> The Funds shall be hetd in an instiiutio�w'ha�e depas�ts ar�tnsured by a federal a�enc;y,tnstrumentaliry,or ontity
<br />=,� (including Lende�,if Lee►de�is such an tnstitutloR)or in any Federal Home Loan Bank.Lender shall apply the Funds to =
<br /> 1 the Fur+ds,annually analyzir►g the
<br /> paythe Escrow Items.Lender may not charge Borrower tor hdding and appty ng
<br />_� escrow account,or verffying the Escrow Items,unless Le�der pays Borrower interest on the Funds and apaicabie law
<br />-- permlts Le�der to make such a cha�ge.However,Lender may requlre Borrower to pay a one-time charge ior an _
<br />-� i�dependent�eal estate iax i eporting ssnrlca ue.ai by l.ender in connectlor�with this loan, unless appikable law _
<br /> provides otherwise.Unless an agreement is made or applicable law rcquires lnteresi to be paid, t-e�der shal!not be
<br />-�-� required to pay Borrower any interest or eamin�s on the�unds.BoTrower and Lender may agree i�writing,hotivever,
<br /> that Inte�est shaU be paid on the Funds.Lender shall give to Bottower,wfthout charge,an annual accounting�fr ih�
<br />-_� Funds.showing credits and debits to the Funds and the purpose for which each deb�t to the Funds was mada�'he
<br />=� Funds are pladged as addRional securitY for aU sums se�ured by thls Security Instrument.
<br /> If the Funds heid by Lender exceed the amounts pertnitted to be held by applicable taw,Lender shall account to
<br />-= Bortower for the excess Funds tn accordance wtth the reguirements of a�l�abfe law.If the amount d the Funds hetd
<br />_� by Le�der at any time is not sufficlent to pay the Escrow Items when due,Lender may so notih►Bo�rower in writing,
<br /> and,ln such case Borrower s!tiait�ay to Lender the amotMt�ecessary to make up the d�cy Borto�n►er s�►��8
<br />-� t:�ths deficlencY in no mor�ttsar�tweive monthly paYments,at Lender's sole disCret�o+t.
<br />;�� Upon payme�t in fuU of aN svms secured by this Security Instnunent,Lender shatl prompUy refund to Bomnea'er any
<br /> Funds hetd by Lender.If,unde►pazag FP��by Lendler a the time of acqu��n or sale as a c�reditra9ainst the
<br />_- or sale of the Property.sha�l applY�Y
<br />_- sums securod bythis Securdy InsWmeni.
<br /> - ad.... N�nw A�n ell na�
<br /> ' ',},�` li011 Oi P�yR1lIRS. �J�11e5s�ppi'tusir'v i6R jriv�Raoa�......`......,....���!YLPWltc�wrwivarl bY 1.�1O6r Ulld2r
<br />"' paragraphs t and 2 sFiall be applied:flrst,to any prepaymeM charges due under the Note,secatxi.to arnaun2s payal�4e
<br /> —= w�der parapraph 2;third.to interesi due:fourth,to prtnctpa�due;and tast,to any late char9es due w�def the Note.
<br />-- 4.Ch�rgss;Uens. Borrower shaU pay all taxes.assessme�ts,charges�flnes arxl impos�ions attdbtdabte to tha
<br /> = PropeRy which may auafn ptlority over thls Security Instrument,and leasehdd PaYmeMS w 9round rents,ff any.
<br />-- Borra+�x shail pay these abligattons tn the manner pro�ed in para9raph 2�or ff not pakJ In that maru�er�Bo�rower sttiaU
<br /> - = pay them on t(me dtrectly to the person owed paymen4.° er shall promptiy fumish to Lender a11 notices of
<br />- � amounts to be pald under this paragraph.If BoROwer maices tt�ese payments dlrectly�Bortower sha�U PromptiY fumish to
<br />_- Lender receipts er�idencl�9 the PaY��
<br />—� BarroweP shail promptly discharge any lie�which has p�ority over tt�ls Sec�rity InstrumeM urtiess Bortower.(a)
<br />- a�rees in wt�in9 to the payment of the obUgation seciued by the iten in a manner acceptable to Lender. (b)contests in
<br /> good iakh the lien by.or defe�s�galnst enforcement o�F the Iten i�,legal proceedtngs which i�the Lende►'s c�inlon
<br />,�,, operate ta prevent the enforcement of the lien;or(c)securss from the hoider of tha lien an agreement satisfactory to
<br /> _, l.,en�i�er suborclinaiing the Uen to this Secudty Instrument.if Lender detemslnes that any part of the Property Is subJect io
<br /> a Ilen which may attatn priority over this Security Instrument,Lerxier may give Borrower a notice ide+uffYln9 the�len•
<br /> Borrawer shail satisfy the lien w take one or more of the actbns set forth abave within 10 days oE the�iving of notke.
<br />—= 5.H�rd or Prop�rty Insir�ncs. Borrower sttialt keap the improvemenis now existing ar hereafter erected on the
<br /> - Property insaued against loss by flre,hazards Irxx;iuded v�tiin the term'extended coverage'and any other hazards,
<br /> r
<br />—�; induding floods or i9ooding,tor whtch Lerxier requires insurance.l'his insurance shaU be ma�rrtak�ed�the amouMS and
<br />,1 forthe pedods thai Lender requires. The 4iscrxance caRler providing the insurance shall be chosen by BcMOwer subject
<br />=�� to Lerxiers apprc�va!which shall not be��asonablY w�hheld• �f Borrower tails to mai�ain caNerage described abrn+e,
<br /> v
<br /> Lencler may.at Lerider's option.obtain cov�erape to protect Lender's�hts in the P�opercy►in accordance w�h
<br />_z�;
<br /> patayraph?.
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<br /> -_�� � FAMILY—FN�A/FHIMC U111FORM lNSTRUMENT FORY 3023 Y/90
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<br /> . � �SC�C�+pTt�//or3z/�n�ai�)-� PAGE 2 OF 6
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