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<br /> ,-----�ad fixt�es now or Aarafkr a paK�f t6e p�oQe�ty.�Al!eepiac�ncs aRrd additians st�ai}also be covaed by tius Secur�ry .
<br /> __ =— - - - -tfrefa�guit�gis�e�Ce�edtourtl,isSe�.-w'►tgiit;trur.x�stastt�c`f'rctig.."m�'- ----=--� -,- ---------_.�—
<br /> BOR1tOWFR COVEIVA[�Pi'S that Bortowcr is lawfui[g seisod of the estate hece6y co�srey�and has d�e ri8ht to�nc ,
<br /> atd coavey tLe Ptflputg and tbat tht Roperty is wsencamix�[cd.excep for e�umbrances o€recuM.-Bo�rowec wusaats aad
<br /> w71 defend ge�rally the ritle w thc Ptupecty againsc all ct�ms and demands.subject co any e�mb�an�es of record.
<br /> ` 1HIS 3ECtJRiFY INSTltUMENT cattbines unifomr cavtoancs for national use and ntxrmufom► cavenants witb ,
<br /> - � L'mited var;at{a�by jarisdictiort co m�s�nne a ani€o�m s,ecsui€y inmumenecov�ing ieal propercy.
<br /> - iJNI�ORM COVENANTS. Borrower and�l.ender covenant and agr+ee as foitows:, �', �due the
<br /> - L P��t d Prt�cipat s�d I�teses�Pnp��a�t aod I.ate C6arses. Borto�sr sdall l�P�Y PaY
<br /> principal of and interest oa tT�e debt e�ldenced by the Nate and anY PnPaS+mnt and Iate charges duc under the Note.
<br />- 2 Fi�ds for Ta�us ad Ia�ra�ca Sobjoct N appticable bw or to a writCm wniver by Lender,Borrower shaU pay co
<br />-=_ _ I.wder on We cVY.moathlY P�Y�ts a�e due under the PIote.amdl the Note is�aid in fail.a sum("Funds"}Par:(a)Y�Y
<br />=~ taxes�nd asse�ne�us which tnay attam priurity uver this Serauity Insbwnent as a tien-oa the Pca�percy:Eb)Y�Y� .
<br />''' PQY� a��rents on the Propat�. if any; (cl year1Y da�atd or prup�rty ias�uance pcemiums; (d)yeatly fl�od
<br /> insuraace premiwns.if any:te)Y�Y�8a8e insnrance p�emiums. if any;aad (�any sums payable by Boimwer ta
<br /> ixnder.in accordancc urith she pmvisions of paragaph 8;in�iw of the payment of mortgage insurance p�miums. These
<br /> itea�s ar+e called"Eycrow Item.s" L,ender may.at any time,colted and lwtd Funds m�`amoont nut co e�uxed tLe inaaimum
<br />�_ anw�mt a leader fa a federally Y+elated moRgage loan may requue fat Bar�uEr's escmw accoa�;mder�the federal Real
<br />-- � Estue Settiement Pcacedures Aci of 39T4 as amended from time m 1ime.I2 US.�§?.(�t et se�.("RESPA"),miless� �_ __---
<br /> � - law tbat applies w We Funds sets a tesser amount if so,Lender may,at any 6me,coller.�and hold Funds in an ama�nt not to _
<br /> exooed tbe Iesser amv�u�t 1-en�ler maY euim�e t6e amouat of Funds due on the basis uf cument data and c+easena6le
<br />. . - - estimates of expenditures of future Escrow Items or othenvise in aecordance with applicabte law. -
<br /> '°`' 7be�w�ds shail 6e i�etd in an institupon whose deposits a�e insured by u federat agency.insuumentality.a entity . _
<br />,' _ (including L�der.if i.ender is such an institutian)or in any Federal Hotne l.oan Ba�il�. Lcnder shall apply the Funds to pay ,__
<br /> � the Escraw Items. l.ender may not chatge Baaower far!wlding and apptying the Funds.annuaUy analyzing ihe escc+nw =� -_-
<br /> - •� .; , acco�n�or verifying the Eserow Items. untess Lender pa}s.Borrower interest on the Cvnds and applicabte 1a�c permits - -===:-_
<br />. �;�`_: Lender to matce such a charge. Haweve�.l.cnder may reqai�Borrower to pay a one-time charge Ya an indepe�*�:nt real ��
<br /> .�.. ��, estat�tax repocting secvice vsed by Lender in.eotmection with t649�c��atess applicable law pt�ovidesoti�erwise. Untess an ���o,��>
<br /> •_• . �:�% a g r t e m e n t i s m a d e o r a p p li c a U l e l a w r e q u i re s i n t e r e s t t o b e p a i d�-����not 6e z e quire@ to pa y H:aiiower any intemst or
<br /> ° '�" -����-.• ` eamings on the Funds. Bomnwer and l.ender may agree in wntmg.lto��.�that interest shap be paid on the E�nds. t.ender � _ , ;:
<br /> � �_ --:�r��� ` shall pve to Botrower,witha��harge.an annual accounting of the Funds.showing cr•�:�s and debiu ta the Funds and the � �. � : : _ �
<br /> �,�`��:>��;. '•� purpose for which eacb debit az ct�e Funds was made. The l r e t d s are p le d ge d as a d d�u��:t`securi t y for all sums secumA b y " �� _
<br /> �-_''='�= °' `� this Security laswmen� � -
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<br /> <� ._ ��4;�rg • , IP the Funds held by L.ender exceed the amaunu�ittul to 6e hetd by appl'icabte law.Lender shall accaunt to _ _
<br /> ;r �,��:.�� •� Bormwer for the excess Funds in accordance with the ra�,uxements of applicabte law. if the amo�tof the Funds held by
<br /> - ��.�.� • �- Lender at any time is nat saffieient to pay the E.�crow�:�?s_when due.Lender may so notify Eocc���in writing.and,in �.:.i,�
<br /> ��'����' such case Borrower shall pay to Lender the amount ner�s�ry eo malce up the deficiency. Borre-.::-.r'sha11 make.up the . .
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<br /> ;•.>r� •�;,, •`, �ciency in no mo�than tweRe monthly payments.at Len9er's sale discretion. `�.:
<br />� . - = �; Upon payment in fall of aU sums secured by this Security(nswment.Lender sS-�C�romptlq'e�nd ta Borie'�er anY . � •s�
<br /> � ' Funds hetd by Lec��rr. If.under paragraph 21.l.ender shall acquire or sell the Property.Lender,p�icr�the acquisition or �
<br /> � `- sale of the Propee�:shall ap�fy any Funds held by L.ender at the time o�acquisition or sale as a�e3it against ihe sums : .
<br /> .. - . secured by this Secarity Insbv.^�n� � .
<br /> . � 3. Applicatlon ot Pf�j�ents. Unless applicabte law provides otherwise.all paymenu received by l.ender under ���.,;
<br /> < ��=�����-`t"-� - paragraphs 1 and 2 shall be app�ied:fir��to any prepaymeat charges due under ihe Note;second ta amounts payable under . ... ,,,..,_�
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<br /> y;� . �::�: , paragraph 2:third.to interen due:fou�th,to psincipal due:pnd lasti ta any late charges due under the Note. °��a�.=
<br /> � `:-r:.#:;_ ,. 4. Charges;Lieas. Borrower shall pay a11 taxes, assessmenGs, charges.�nes and imposiu� amibutable to the , '`. :",''
<br /> '�� ,�':�. =• .-. • propetty which may attain prioriry over this Securiry lastrumen�and leasehold payments or graund r�-.ts.if any._ Borrower _ r�.__
<br /> �;_i;... .' : '. shall pay these obligations in the manner provided in paragraph 2.or if nai paid in�hat ma�ner.Borrower shall pay them on .
<br /> � . time directly to the person owed paymenL Bosrower shatl�compdy fumish to Lendec all noticcs of amounts to be paid under
<br /> • � . this paragaph. If Bortower makcs these pay�nents direc�tiy.�orcawer shall prompily fumish to l.ender receipts e�i�3f�acing ,
<br /> . .fii�.' . .� . . , 1`�"3 .. __
<br /> . .:. �;•.. .. , • the payments.
<br /> � � � Horrower�'yEl promplly discharge any tic;n which haspriority ove�this Security(nsttument urw�:�G��aower:(a�a$.ees ..�
<br /> �`�`-b'i-_'-��' '��• in writing to the�yment oP the obligation secured by ihe�ien in a manner acceptable to l.ender.(b)co;tests in good faith the . . ;:�"-
<br /> , ��,., .
<br /> ' � ' �s,�rr� `� • lien b .or defends a ainst enforcement of the lien in.legal proceedings which in the L.endes s opinion operate to prevent ihe � ���'=-
<br /> 9 S 1..---
<br /> �"?'"'•'.;�.a�;-%�•�'�`'.' � ' enforcement of the lien;or(c)secures from the holder of tbe lien an agreement satisfactory to LenQer subordinating the lien . -
<br /> `�''"�i 1`'' � to this Security Instrumenl. If Lender determines that any part of the Property is subject to a lien whicb may attain pciority •
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<br /> � ����:� •• • over this Security Instrumcnb I.ender may give Barrower a noucc identifying the ficn. Borcower shall satisiy ihe lien or take
<br /> . . . one or mare of the actions set forth above within f0 days of the giving of nolice. -
<br /> � ' ' S. Ns�rd oe Piroperly Insurance. 8ortawer shall keep the improvements now caisti�g or h�teafter crected on the
<br /> . . � Property insured against loss by fire.hazards included wit6in the term"extended covers�ge" and any other hazards,including f. . ,
<br /> �- ' . �-� • ftoods or tloodidg,for which Lender reyuires insurance. This insurance�:hail be maintained in tht amounts and for the .
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<br /> • '^ Form3bl� 9/90 Ipq�e2ojbA�R��I i .
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