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<br /> TpaETF1ER WITH all the improvemems naw°Allereplacement unJ uddiions�hall Alrwlba cuvorc 1 by t�hi ScsGUrity
<br /> _�:=����;��.�- and tixtures now m hercafter u part of the propeny. _
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<br /> lostrument. All of the foregaing la referred to in Ihiti Secu�ity Inatn�menl cu►the"Property:'
<br /> ���' • �4•` ' BORROWER COVENANTS thut Borrower i�lawiully seised of Ihe cstcue hereby canvvycd��nd hns tha riSh��o Br�� =-
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<br /> ,� �' and convey Ihe Property and that the Propeny is unencumbered,except for encumbrunccs of rec�rd. Barrowur wcv►pple uad �
<br /> �' �� will defend generally the title to the Praperty agAinst all claims and demandK,subject 10 uny onGUmbrancex of recurd.
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<br /> •� T111S SECURITY INSTRUMEPIT cumbines uniforrn covenpnts for natianul ux and non•uniform cnvonqnts� with
<br /> �� � ��-��� limited variat�ons by jurisdict[on ro consdtute a uniform security instrument covering real properny.
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<br /> '�'-�-�^"�,�.5 whcn due the
<br /> �r'++r:rr.4, ..?� ' -� � UNIFORM COVENANTS. Hortowe►and L�nder covenant and ugree as a ows:
<br /> - "��°� — i 1. Payment u�Prindpal�nd lnterest;Prepwyment And Late Charges. Barrow�r shull promptly pny
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<br /> ��T-��+,�;r!.�'�{%� ��� p ri nc i pol of and interest on the debt evidenced by the Nae and uny prepayment nnd late chm��s due under�ha Nate.
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<br /> '�':��;�;r!;�"r:..� 2. Ftinda for 7bxes at�d lnsu�nnce. Subject to applica b le l a w o r t o a w ri u e n w a i v o r b y L end�r,apn�wer shuU pay to _
<br /> -. ��'��-�• L e n d er an the da y monthl y p ayments tue due un der t he Note.until Ihe Note is paid in full,a sum„'F��b�,ye°�Y jeu�ehold
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<br /> ������'"` � .st�. taxes pnd assessment�which may attain prio�ity over this Securily Instrumen t a s a l i e n o n I h�P ro p e Y' curl flaod `
<br /> --,;a,,,�:`���..-- •e...: ... pavments or �round rents on the Pm�eny. if uny: lc) yculy hazard or propeny insuranc:e pramiu bla�b� Bnrcower tn °__- _.
<br /> s��•i�',-. --_�:.,�--� , • Y 8 8 p y Nnd 111 any sums paY Y,
<br /> .,A�,;�i:i'�.'� .rw'c��:: , . inaurance premiums, if any; (el yearl mon u e in�urance remiums, )f an ;
<br /> =°-`'� ` '� ' ' . .. l.ender,in accardence wiih the pravisianx of paragrAph S, in tieu of the pAyment af mortgnge insurpncs premiums. 7ne�e
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<br /> -_ ° ,. � items nre called"Escrow Itemg" Lender may,at any timc.collect sind hold Funds in an amount not to exceed the mu�amum..
<br /> �-*°'''�'� � amount a lender for a federnlly related mortgage loan may require for Borrower�s egcrow gccount under the federal Rcul
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<br /> � N:.�.;' ��"�'--� ��`�� Estate Setticment Proccdures Act oi 1974 as Amended irom time to time, 12 U.S.C.§2601 cr seq.l"R�pA���•unless unother
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<br />-�.��"�" • �``��-"��ii;' law that applies ro thc Funds se4g a lessar Amount. If so,Lender may,ut any time,callect and hald Funds in an umount not to �
<br />'y�� �""�• �� ���C ezceed the lesser amount. Lender may estima�e the amount of Funds due on the basis of current data nnd reasonable ___
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<br /> +;� '��� eatimatts of expenditures of future Escraw Items or otherwise in accordunce with upplicable law.
<br /> .:,�� -� ��'� The Funds shall be held in an instilutinn whase deposits are insured by a federal ugency.instrumentality.or entity �; ;
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<br /> '�� •'���`'� -,•���•;.�x (including l.ender,if Lender is such an institution)or in any Fedcral Home l.oan Bunk. Lender shall applY the Funds to pay ,- �,��:-'
<br />''" ' ���''brs''` '" the Escrow Items. I.ender may not charge Bortawer far halding und applying the Funds, unnunlly analyzing the escrow �',.�,_'=_
<br /> ����;: � " ' account, or veriiying the Escro HowevCfuLf11(ICi may require Bortower to puy n one-time ch ge fa'Pan indepe dcnt re�al
<br />- ;;��s a�. '�' •• Lender to make such a charge �aW Tovides otherwise. Unless un ����
<br /> �i't' • c.,,:
<br />-�;;;r ,: c•:�;�i?!r, � � • estale tax reporling service used by Lender in connection with Ihis loan,unless s�pplicuble p �..;,rz._
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<br /> -,,.,.... ;;�,.,;:,. _�,, agreement ia made or appUcuble law requires interest�e n Pwritin e owcver'hut i tere�stishull bPea a d�n�therFl�de�Le�der F � ��
<br /> �� eamings on the Funds. BoROwer and l.ender may ag 8• P
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<br /> �����:;: �.�:. ; ,. •t:. shall give to Bortower,without charge,an annual accounting of the Fbnds.showing credits and debit�to the Funds and the �;,'"���_
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<br /> ,�s; .r.�,. purpose far which ench debh�o the Fl►nds wac made. The Funds are pledged as additional security ior all sums secured by ____
<br /> ...���.' , ., this Secunry Insaumem. ���+��:
<br /> • ' � ' If the Funde held by l.ender excced the nmounts permiued �o be heW by applicable law. Lender shuii ncww►t io =�,,�,,,�_.
<br />' � " Borrower for the excess Fundv in accordance with the reyuirements of applicuble luw. If Ihe amount of the Funds held by ,y
<br /> � • ,�� '• . L e n d e r a t a n y t i m e i s n o t s u fl icient to pa y the Escrow Ilems when due.Lend�:r may so noc�fy Borrower in w�iting,ond,in � :�-_
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<br /> nuch cur+e Rortower�hall pay to Lender the amuunt necessury to make up t he de(icicncy. B o R O w e r s h u l l m a k e u p tlx ��-
<br /> � deficiency in no more thnn twclve momhly puyments,ut Lendcr's r:olc discretion. {
<br /> Upnn puyment in full of all xums secured by thfs Security Instrument,Leixler��11 promptly�rc�u,d`he B�uiwl on or
<br />_. , •• Funds hcld by Lcnder. If,undcr paragruph 21.l.cndcr�hull ucyuirc nr ull Ihc Pn� n l.cndcr,p� �1 �� ,
<br /> � �, wle of the Propeny,shull upply uny Fund>hcld by l.ender u��he time of ucyuixition ar sale oa u credit against tha sumti ';.ra.:�
<br /> ° s�:cured by�his Secunty In.rtrumcni. � '��''
<br /> � 3. Appllcation of Paymenls. Unlc�. upplicuMc luw proviJeti othcnvise, all paymentx rcccived by Lendcr uncler ,,:.�.��
<br /> ' ° parugrAphx I und 2 shull be upplicd:fir+t,ta uny prepaymcnt charges due unJer tlx Notc:+econd,to amuunts p•ryAble unikr �_��,
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<br /> • ; psuogrnph 2;third,to interest dur:i'uurth,to principul dur:und lu�t,w uny latc churgex duc undcr the Notc. .,�,.,�{,r
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<br /> � 4. CharQes: Llens. Born�wer shull pay a�� luxes, asxcxxmcntr,churgc�, finc� and imposilionx uttribuwble to t �,�.,,,�
<br /> �a�"� ' ' propany which muy uttain priority uvcr this Sccurity Imtrumcnt,und leaschuld puyment.o�ground mnls,if+u�y. Borrower
<br />: • . shull puy these obligutionx in the munner provided in parc�graph 2.or if not paid in that mAnner,BoROwer shnll pay them on `^�ry.
<br />' time direclly to the person owed payment. Borrowcr shull prompUy furnish to Lcnder all notice�of'amuunts to be ps+id under . :..
<br /> ' ' �his pnrngruph. If'Horrower mukes these puyments direcUy. Borrower shall prompUy fumish to l.ender recefpts evidencing �,�_
<br /> �k__�.
<br />_ the payments. "`=-T
<br /> � Borrowcr shall promptly dischurge any licn which has priority ovrr this Security Inswment unless Borrower:(a)agrees „�;-,i_
<br /> AL.__-1.
<br /> � in writing to the puyment of the obligution secured by ihc licn in u manner ucceptublc to Lender;(b)contests in gaod faith the �.�*_
<br /> , ' lien by,or defends against enforcement of'the lien in,IeFol prnccedings which in the Lender�opinion operate to prevent the .�:--
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<br /> ' enforcement of�he lien;ar(c)secures from thc holder of thc lien un ugnement xatisfactory to Lender subordinating the lien
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<br /> ; . to this Securiry In�trument. If Lendcr dctcrtnines th�t uny pan of the Property is�uhjc�t to a licn which mAy atmin priority
<br /> ' .. over this Secudty Instrumen�,Lender may give Borrower a notice identifying the lien. Borrower ghall sutisfy the lien or take ' .w�•�°
<br /> one or more of the actians set forth utwve within 10 days of the giving of nolice.
<br /> .� 5. Nazard or Prope�ty Insurance. Borcuwer shall heep thc improvcments now exi�ting or hereufter erected on the
<br /> � • Property insured aguinst loss by fire,hazurds includcJ within thr tcrm"cxtended r�w�YUgr"anJ any othcr h�zards,including
<br /> tloods or flooding, for which Lendcr reyuires insurancc. Thi. insurancc shull bc maintaineJ in the vmounts and for the
<br />' Fam J02A 9/90 rpuxe:�Mn puxesl
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