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<br /> ��._:��� �:..,��� 92- � ��3�27 _
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<br /> ���°'��^'���°��-� Tf��TNER WITH ull thc impnwcmcnir naw or Imrco(�cr crcclul un�hc properly.und ull cuscmcnix,uppuncnunccx,
<br /> '�"—!�''�''-�—'�='`�?`_� wnd fixiurc4�aw an c�rcAAcr u pun of'Ihe propcny. All rcplurcmcnls and udditiuns shull alxa{�c cmrred by thia Secu�i�y
<br /> - _ �r,�',:",w In�trumem. All of the ioregaing is n:feRed�a in Ihis Security Ins�niment av thc"Properly."
<br /> �" �� BORROWER COVENANTS thut Burtowcr is Is�wfully+clxed nf ihe estulc hercby canvcycd and hux Ihe�ight�o g�um
<br /> • ,��."t;.�tC:,��'�:s�� and cnnvey the Propeny und that Ihe Prapeny is u�encumbemd,ezrept far encumbmnces af record. 9ortower worrs�nlc and
<br /> "� �""`����` � will defend generully the lille lu the PropeAy agalnxt all cluims and demand.r,s�uhject ta Any encumhrunces of record. —
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<br /> „;� THIS SBCURITY INSTRUM�NT combineti unifami cavenants for na�lanul use und non-unifam cavenantr with
<br /> : �.: :_ .� , ,� '•
<br /> '- --�.��� ,�<<.. -� ,�y limited variatiunr by jurisdiction wcun►titute a uniform security insuumem covering real pmpertY• �,�._-..
<br /> ��.�y'•;��•',� ' UNIFORM COV�NANTS. Barrawer and Lender cavenunt and ngree as follaws:
<br /> `�ti,�'� ';� �•�' 1. Payment of Princfpal ond lnte�est; PrepaymeM and I.Ate Chprges. BoROwcr tihall pn�mpdy pay when due the
<br /> °,f�2���.!•� �• . princf ul of And iotercst an the debl evidenced by�he Note und any prepayment And late churgex due under the Note.
<br />� �^•'"''� •�. �° � � �nde for'Ibxes and InaurAnce. SubJcct�o ppplicable law ar to a wri�ten woiver by I.ender.Botrower shall puy lo
<br />�— � � �: L.ender on the day manthly puyments�uc duc under�he Note,until Ihe Note in poid in full, u sum("Funds")for:(a)yearly
<br /> ^" �� taxes and asssessmenta which may attuin p�iority over this Security Instrument us a lien on the Properly:(b)yearly leusehald �,T .
<br /> .. " _. •.,_ . , payrnents or ground rem� on the Prc►perly, if any; (c) yeurly hwurd or property imwaux�e pnemiums; (d) ycarly flood
<br />— �'��_��.�,, insurance premiums, if any; (e) ycurly mangage inaurance premiums, if any;and i�any sums paynbk by Borrower ta � _
<br /> � : ;, ; , Lemder,in uccordunce with the provisionr:of paragrnph tt, in lieu of the payment af mongage�nsurance prem�ums. Phexe
<br /> � �' ,,��.; �•�•,.��;:� items are called"Escrow Items." l.ender may,c�my time,col�ct sutd hotd FLads in an amount not to exreed the maximum
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<br /> . 4 ;.;,.�;. • amount a lender for a federally �elated mottgage loan may rryuire Por Borruwer�s escrow account under the fedeml Real
<br /> ,• ,:�.,�;, ,: Estate Senlement Ptocedures Act ai'1974 ns amended f iom time to time, 12 U.S.C.�2601 e[seq.("R�SPA"),unles.un��ther
<br />�,•;; �,�.;. �;�1':''�;:: `'; law thot applies to the Funds se�s u lesser amount. If sa,Lender may,at uny�ime,collect and hold Fundt in un amount�ot to
<br /> ,��;, �f y�� �iP '.Y� , �'.
<br /> � � � exceed the lesser amount. Lencler may estimwe the umount oi Funds due on the busis of currcnt da�a und rensonuble �
<br />'� ��� �� �t.�+ �',� �'�41�` " esdmates of ex nditu�es of future Bscrow Items or otherwise in accord:+nce with applicable law. �,
<br />'�"-'� >�� �"''�''{i`+ri` � � ' The Fundseshall be held in an institution whose deposits are insured by n fedcrAl ugency, instn�mentuli�y, or�nlily �--�__
<br /> -, d .ar/���i,.:!�<;1,Sdy�,���;,, ,
<br />� � � f�. .�:?:�.�,, t (includi�g l.ender,If Lender is such An institutian)ar in any Federal Home Loan Bunk. Lender shall npply Ihe Funds lo pay
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<br /> "��,1'• '�� the Escraw Items. I.ender mey not charge Barower for holding und upplying the Funds. onnuully nnulyzing the escrow
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<br /> . h f•.• account.ar verifying the �scrow Itemx, unless Lender puya Borrower interest an Ihe FundR suid applicable law permits
<br /> y ' ° '��° l.ender to make such u churge. However,Lender may rcquire Borrower to pay u one-time charga for an independent real ---
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<br />' �';��'. ;, ,� es�ete tax reporting service used by Lender in canneclion with thi�loan,unless Applicable law provides otherwise. Unkss un
<br />�.,• � � � agreement is mudc or applicuble law requireg intenett to be paid.Lender shull not be required to puy Borrower uny interext or --
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<br /> ° - earnings an the Funds. Borrowor and Lender muy agree in writing,however,tha�interest sh�ll be paid on the Funds. Lender —
<br />,;(,' ., "=5; shall g(ve to Borrawer,without charge,An annual accau�ting of�he Funds.showing credits Lnd debits to the Funds and the _ ___
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<br /> ' , :,.7" ' purpose for which each debit to tha Funds wAS mnde. The FLnds are pledged as udditional securiry for sill sums secured by
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<br />!�' this Security Insqument. �� „
<br />;-.�='; ,.. (f th� �nda hcld by Lender cxcccd thc amouois permittcd to be held by applicable lew. I:�nd�r .holl uccnunt to __y.i:�_�_
<br /> � � , •• Borrower for the axcess Funds in uccordnnce with Ihc reyuiremcnts of upplicable Iaw. lf the amount of the Funds held by ,
<br /> •' ,. �,:,. Lender at any timo is not sufficient to puy the Escrow Items when due, Lender muy xo notify Borrower in wnting,and, in �
<br /> ,ti•�'i,r, such care Borrower shall pay to Lender �he amount necestiary to mukc up �hc deficiency. Burrower shull muke up thc
<br /> ' ! ' � • dcticioncy in no more than iwelve momhly payments,at Lendcr i sole Jiscrction. ���
<br /> �`'' U n u ment in full of all sums secured b Ihiz Securit In.rcument,Lender shall prompdy refund to Borrower:u�y n�f�;"'°`
<br /> . };;,,,., . . : Po P Y Y y
<br />° . Funds held by Lender. If,under paragraph 21,Lender shAll ucyuire or sell the Prapeny.Lcnder,prior to the ucqui,ition or
<br /> „ � - �ule of the Property, shall upply uny Funds held by Lender ut the time af acquisilion or sale us u credit •rgainst the sums �____�__
<br /> secured by this Securiry Instrumem. i +++
<br />� .. " � ' 3. Application of P+wyments. Unlexs applicablc law provides otherwisc, all pnymenl.r• rcceived by Lender under
<br /> � „ ..� . paragraphs I and 2 shall be upplied: first,to uny prcpaymcnt chArge�duc under tl�e Note;second,to nmounts payuble under �,,a�;:Jl,.�•
<br /> paragrnph 2:third,to interext due;founh,to principal duc;und Is�st,to any lutc churges due undcr the Note. " i�,—t�
<br /> • ' ' 4. ChArges; l.iens. Borrowcr shull puy All taxes, asses,ment.. churges, fines and impositionx uuributable to the
<br />' � Sf ' Property which mny attuin priority ooer thi.Securily In.trument,und Icu.chold paymcn��or ground rentr,if uny. Borrower .: •
<br /> . sliall puy thesc obligrtiom in the manner proviJed in paragraph 2,cx if not paid in thn[manner, Borrowcr shall pay�hem on •• �•�►���.
<br /> � . �;'��::.:�`: time dircctly to the perxon owed payment. Borrowcr.hull prompQy furnish to Lcnder all notices of vmuunts l0 6e puiJ under -,:>--'r`;��';:
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<br /> ; .;;t,. this paragraph. lf Borrower makes these puyments direc�ly,Bormwcr shull promptly fumish�o l.ender receipts evidencing ....:n,-:..., ,
<br /> - , � tiie paymen�s. . '^�;� ;`
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<br /> � ° � � Borrower tihall prompdy di,charge ony lien which has prioriry ovcr this Securiry Inxtrument unletis Bonowrr:(a)agrees � �,,;,�,�:--
<br />' �• • in writing to�f�e payment of the iibligution xecured by the li�n in u munner acceptable to l.ender.(b)wntests in good faith the �• •,•.'�=
<br /> �l��,s�;�;
<br /> Ilen by,ar defends aguinst enforcement of the lien in, Iegal proceeding,which in the Lender i npinion operute to prevent Ihe •,. .� -
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<br /> ;" • • " enfotcement of the lien;or(c)secures fmm the holder of the lien an ugreement sutitifactory to Lender subordinnting the lien ',�,�f;,.f�;;�
<br /> to this Securiry Insaumem. If L��nder Jetem�ineti �hat any pun of the Prupeny is tiubjec�to u licn which may uttnin priority . ^ ,:.;,.
<br /> ' � over this Security lnstrument.Lender muy give BoROwcr a notice identifying 1he lien. Borrowcr shull satisfy the lien or teke �i��;�i��`
<br /> � one ar morc of thc uctions xet fonh alwve within 10 duys of the giving of notice. •�
<br /> � ° " � S. Hazard or Property Insurance. Borrower shall krrp�he improvements now exi�ting or hereufter erected on the �,„
<br /> ,.. � Property insurcd�gaintit loss by fire,hazurds includcd within�hc tcmi"cxlcnded covcragc" and any othcr hazards,including .
<br /> � � floods or flooding, for which L.ender reyuires inauruncr. Thi. in+urunce +hall be muintaiikd in thr amounts and for the �`
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<br /> ... � Form 302l1 9/9B i�wRe:uJb/�uRtsl S-
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