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<br /> _���., TQOETHBR WI'TH ull the improvements now or hemufter erected on ihe properly,�all earements.appurtenances,
<br /> and flawrcs tww or hereuiter a p�of the property. All replacements anJ addi�fons shall ul�o be covered by this Security
<br /> lnruument. All of�hc faregaing is referred to in thi�Secudty Inatrument as the"Prapeny."
<br /> BORROWER COV�NANTS that Burrowcr is lawfully scised af thc cstate hcreby canveyed And has the right to grant
<br /> � `;;� and convcy the Propeny und thut the Property ix unencumbered,except for encumbrancex of rea�rd. Borrower warrant�und
<br /> — __,== will dePend gener�lly the tiQe�a the Property a8ainst all cl�imx and demonds,subJect lo any encumbronces of record.
<br /> � '�`��� THIS SECURITY INSTRUMENT combines unifarm cuvenunts fur natianu� usc und non-unifarm covenants with
<br /> ` —_ -�4;'� limited variations by juri�sdiction�o eonstiwte a unlform secarlty inxtturnent covering real property. �
<br /> •�� � UNIFORM COVEfYANTS. Borrower and Lender covenunt und agrce os followa:
<br /> {..- l. Payment oi Principal wtd lnterest;Prepayment And Late Chprges. Borrower shall promptly pay when duc the
<br /> � principal of wnd inter�st on the debt cvidenced by the Note and nny prepayment and late chnrges due under�he Note.
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<br /> ���: 2. �nds tar 7yucea and Insurance. Subject to applicuble law or to A written wuiver by Lender,Borrower shel!pay to
<br /> --�'"�=°"-��=�_, Lender on the day monthly payments are due under 1he Note,until the Note is puid in full,u sum("Funds")for:(a) yearly
<br /> ---- `�"'"�-�� " wnes und nssessments wbich muy uttnln priority over this Security In�trument ns A lien on the Property; (b)yearly teasehold _
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<br /> -w..,,;�Rl.. payments nr ground rents on Ihe Property, if any: (c) yearly hozard or propeny insurance premiums; (d)yearly fload
<br /> ---`�°'��' insurance premiums. if atty: (e)year�Y mortguge insurance premiums, if n�y; and(� any sums payable by Borrower to
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<br /> �.e __*.�"a�?r.. L.ender,in accotdence with the provisions of paregraph 8,io lieu of the payment of mortgage inaurance premiums. These
<br />___:-�;��.::,�:+...::,M�. items are calleJ"Escrow Items:' L.ender may.at uny time,collcct nnd hold Funds in un nmount nat�o exceed the ma�imum __
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<br /> ;,,�,:�.,,,� amount a lender for a federally related moAgage loan mey require for Borrowers escrow accaunt under the federal Real
<br /> :'••:�s` ;, �.. �I. Est�te Settlement Procedures Act of 1974 as amended from time to time,l2 U.S.C.�2601 er sey.("RESPA").unleAS another
<br /> �,";,y.,����;_;� .;, law thut upplies to the(�ndc sels a le.cser amount. If so.Lender may,at any time,callect and hold Funds in an emount not to
<br /> �_: ,,�_,�;p�,a�,'.,, : exceed the lesser amount. Lender may estimate the vnwunt uf Funds due on the basis of currcnt duta and teasonable ----
<br /> _ — •�•; estimates of expenditures of fuwre Escrow Items or otherwise in accordance with applicable IAw. __
<br /> �"+�"•. The Funds shell be hcld in s�n institutian whosc dcposits su'e insured by a federai ngency, inxlrumanlality,or entity
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<br /> _ - - � "� '.� (including L.endcr,if I.ender is such an instituaon)or in any Federal Home Loan Bank. Lendcr tihall upply Ihc Funds to pay _
<br /> ,�_� , -r +�•"�->-. , tbe Escrow Items. L.ender may not charge Borrower fa holding and applying Ihe Funds,annually anelyzing the escrow
<br /> --"-�"'�'� ° � ''� b`'•�" account,or verifying the Escrow Items, unless Lender pays Borrower interest on �he Funds And applicuble la�v permits
<br /> ���=� � '� " Lender to make such a charge. However, Lender may �equir�Borrower to pay a onc-time charge for an independent real -
<br /> __,_�—_,. '' ��� �' ' estate tax reponing servlce uxed by I.ender in wnnection with this loun,unless applicable law provides othcrwise. Unless an
<br /> __��� ngreement is mude or upplicable law requires interest to be paid,Lender shall not be required ta puy Borrower ony interest or
<br /> ,+`i.i�� . esunings on the Funds. Borrower and L.ender may agree in writing.hawever,thnt interest shall be paid on Ihe Funds, Lender
<br /> i_,.�� ,. , _ . shall give to Borcawer,without chnrge,un annuul Accounting of the Funds,showing credits und debits to the Funds sind the
<br /> �� � •� purpose for which each debit to the Funds was made. The Funds are pledged ns udditional securiry for ull sums secured by
<br /> — �ua�+.� -,�b '-__ this Secudty Inswment. _
<br /> �, � If 1he Funds held by Lender exceed the umounts permitted to be held by appl�enble luw, Lender shaii account to
<br /> ' ' ;, " Borrower for the excess Funds in accordunce with the requirements of upplicable luw. IF the amount of the Fuads heW by -'�,
<br /> � • • Lender at any time is not aufficient to pay the Escraw Items when due,Lender may so notify Borrower in writing. und,in
<br />- � � such cnse BoROwer shall pay to Lender the umount necessury to muke up the deficiency. eorruwer shull muke up the �'"`
<br /> ='"s'�� � deficiency in no more than twelve monthly payments,ut Lenderh sole discre�iun.
<br /> `� � Upon payment in full of all sums secured by this Security Instrument,Lender shs�ll prompdy refund to Borrower any ,.�d.
<br /> `�•• �''! Funds held by Lender. [f,under paragruph 21.Lender shull acyuire or,ell the Property,Lender,prior to the ucyuisilion o�
<br /> ;;`�� sale of the Property. shaU apply i►ny Funds held by Lender ut the tirne of ucquisition or sale us a credi�s�guinst the sums �'--
<br />:.ra • „ secured by this Security Inswment.
<br /> ' •- • . 7 •••• �� 3. Application oP Payments. Unless upplicable luw provideti utherwise, ull pnyments reeeived by Lender under
<br /> � ; ` ' paragraphs 1 and 2 shall be npplied:first,to:►ny prepayment churges due under the Note;second,to amuunts puyuble under
<br /> pamgraph 2;third,to interest due;fourth,to principal due;and last,lo any Inte churges due under tha Note. R__
<br /> , •� 4. Chorges: Liens. Bormwcr shall pay nll �axes, susessmen�s,churges, fines und impositions •rttribuwble ro the "
<br /> „ ,: . Property which may nnuin prioriry over this Security Ins�rumen4 wid len.,ehold payments or ground rcnts,if uny. Borrower �
<br /> .' � shall pay Ihese obligAtions in the manner provided in puragruph 2,or if not paid in that munner,Borrowcr shall pay them on
<br /> � • :i' " " ' time directly to the person owed paymem. Borrower shull prompUy fumish to Lendcr all notices of umounts to be paid under "'"`�""�`
<br /> � ' this paragruph. If Borrower makes Ihese payments directly. Bormwer shull promptly fumish to Lender receip�s evuiencing ��T:
<br />-`� • the payments. �ti
<br /> �� '� Borrower shall prompUy discharge any lien which has priority over ihis Sccurity Ins�rument unless Borrower:(uJ agrees _
<br /> ,, „ � in writing to the payment of the obligu�ion secured by the lien in u mnnner ucceptuble to Len�er;(b)cuntcsts in goad failh the �_
<br /> lien by,or defends uguinst enforcement of the lien in,Iegal pn�ceedin�;s which in Ihe Lender's opinion opemte�o prevent the �;,
<br /> - ,� • � • � enforcement of the lien;or(c)secures from the holder oi'the licn an ugreement satisfactory to Lender subordinating the lien
<br /> � , to this Security Inswment. If Lender detennines thut�ny pun oi'the Propeny is zubject to a lien which may uttain priority �ii.
<br /> ' �' c"�' over this Securiry Insuument,Lender may give Borrower a notice ideniifying the lien. Botrower shull sutisfy the lien or tolce !�+�
<br /> • one or more of the uctions set forth ubove within 10 days of the giving uf noticc. '�°
<br /> .. � • S. Haznrd or P�operty Insurance. Borrower shall kccp the improvementx now existing or hercaRer erecred an the �• �
<br /> Propeny insured aguimt losx hy firc,hazard,included wilhin thr trnn"extended rovcrage"and any other hazurds,including '
<br /> . floods ar tlooding, for which Lender requires inxuronce. 7'his insurunce shull be muiniained in the umounts :uxl for the
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<br /> ' . , �� Form W2N 9/90 �ry�r:n)e puges� ` ���
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