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<br /> TUOE7'HER WITH all Ihe improvements now or hetrafter erecled on Ihe propeny,and all eanements,uppurtenancez.
<br /> and tiatuca nuw or heraRer�put of tho pnoperty. All replacemeMs and additionr shall alw bo covercd by this Security -
<br /> Inurument. All of the farogoio�ic refemed to in this Skcurity Iniaument us�he"Propeny."
<br /> ----==ty' BORROWER COVENAM'S tlw�Bomawcr{s lawfully�seised oP the es�ate hercby wnveycd w�d hpa�he right�o grent
<br /> • -- -%r,� and convey the�'rope�ty ond lhat�he Property fs uncncumbercd,except for encumbranc�s of rccord. Bcxmwcr wammts and
<br /> � °"" will defend generally�he ti�k ro the PropenY aQ�nst ull cl�lmr wid denwnds,cubject io any rncumbrances oP rccard.
<br /> - ---- --
<br /> '��_ _ _ �� THIS SECURITY INSTRUMENT combfnes uniform covenunts for nalionul use und non-unifwm covenanls w th
<br /> -- �--t-.� Iimited vui�lionr by jur�sdiction w consti�ute a unlfom�security instrument covedng rcal propeny. �-
<br /> --�� - ''� UNIFORM COVE�YANTS. qortower und L.ender covenant and ogree a.�fallaws: -
<br /> `� *z: 1. P�yment o�Principal�ad Iqtensti P�'eWymeot�nd Lnk C6a�ea. Bamwer shall prumptlY ps�Y when due�he
<br /> ,.�.�__..=_.�:�-'��, p ri n c i p a l o f a n d i n t e r e s t o n t h e d e b t c v i d c n c e d b y t h e N a t e n n d a n y p re p a yme nt nnd I�te ch a r ger due under ihe Note.
<br /> - - ;�; _, bipnds for 71�xw and Inw� SubJect to applicAbic law or to a written waiver by L.ender.Borcower shull pny to _
<br /> ����r:. ..
<br /> ..�,��!�., Lender o01he day monthly p�yments arc due under thc Note,undl 1he Note is puid in full.a aum C'Funds"1 f�r.(a)ycar y
<br /> -��••�-�.�,��'y tw�es w�d assessments which muy attain priariry over thls Security Instrument ar n lien on the Propeny:!b1 yeurly leasehold _
<br /> ��}'�� payme�ts w ground ►ents on the Pro�epeny. if su►y: (c) yearly hazard or property insurnnce premiums; (d) yearly Ooad
<br /> .-�;,,. ;�,;�c y� insutance prcmiums, if ony; (e)yeady mortgage insu�ance pnmiums, if any; und(4 u�y �ums payable by Borrower to
<br /> _;,.�,,. Lender, in accordance wi�h the provlsions of paragnph 8.in lieu of the poyment of mortgage insurnnce premiums. These
<br /> ���:-� y;.x�`'F.,�� ' items arc called"Escrow Uems.' Lender mAy,at any time.collect and hold Funds�in an umount not to exceed the maximum
<br /> u'���; : amount a lender for a federally related mortgage loan may requi�for Borrower�s escrow account under the federul Reul
<br /> �o - F�tate Settle�nent Procedures Act of 1974 as amerded from time to time,12 U.S.C.�2601 er seq.("RFSPA"),unless awlher -
<br /> �.,,�_�'��`:�'_�. law that appiies to the F'vnds sets a lesser amount. If so,lxnder may.at any time,callect and hold Funds in un amount not lo
<br /> � - e excced the lesser wnount. Lender may estimate the amount of FunJs due on the basis of cunent data w�d�easonuble ---
<br />- Y'�� eslimutes of eapendilutes of futuro Escrow items or ahenvise in arcordance with applicaAle luw. �
<br /> ti�teu�t:,»;s.v�:
<br /> .M-�,.-.:,, ., The Funda shall bc held in an inst�tuNon wh�se deposits are insured by u federal Agency, lnstrumenwlity, or eatity
<br /> _1,aw�,..G,;+,,..ti (including l.ender,if Lender is such an institution)or in nny Federal Home Loun Bank. l.ender shall apply Ihe Funds to pny
<br /> J�' .ab•�,:4�°� the Escrow Items. Lender may twt charge Bomower for holding and applyfng Ihe Funds, aanuully annlyzing the escrow
<br /> `��� .. account. or verifying the Escrow items.unless [.ender pays Borrower interest on the Funds and nppltcable luw permits _
<br /> -- , ;��_:,.,.;�." L.ender to muke such a charge. However,L.ender may require Borrower to puy�one-lime churge for nn independent rrul
<br /> = ���r;�� estate tax reponing service used by L.ender in connection wlth this lonn,unless applicable law provides otherwise. Unless un
<br /> agreem.:nt ia made or applicable luw requires interest to be paid,Lender shull not be required to pny Borrowcr any interest or
<br /> �._�t;;` . eamings on the Funda. Borrower und Lender may ogrec in writing,however.�hat interest sh�ll be paid on the Flinds. Lender
<br /> _. : . • ahall give to Bo�rower,without charge.an annual uccounting of Ihe Funds,showing crcdits und debits to Ihe Fund�and the
<br /> _ �! •�°�- purpose for which each debil to Ihe FLndt was made. The Funds ure pledged as additional securiry for all sums secured by
<br /> �_,„;,.�,�4,_c.�,;±;:�;i:,.:_ this SeCU�iIV Instrument.
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<br /> :�o ' � � '�';'� ` - lf thc FLnds held by L.ender exceed the nmounts permined �o be held by appiicabie fuw, Lender shaii u�ti�unt tu
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<br /> ���, .'"' :,��•�,;,,�, , Bornower for the excess Funds in uccordnnce with the requiremems of applicable law. If the amount af the�unds y =
<br />��� ` � - � ` 6":. L.ender at any lime is not suFficient to puy the Fcerow Items when due.I.ender may so notify Borrower in writing,and, in =-
<br /> ,T�- ,r , such case Borrower shall pay to Lender the amaunt necessary to make up the deficiency. Borrower shall make up the
<br /> .y� deficiency in no more thun twelve monthly pAymems,nt Lende��sole discretion. _
<br />'.?�: '�',` �' �� Upon payment in full of all sums secured by�his Sccu�lry Instrument.Lender shall prompUy refund to Borrower any --
<br />_,-;���. _ :��;•".�,'� Funds held by Lender. If.under paragraph 21,I..ender shall acquire or sell the Property,Lender,prior to the acquisi�ion or �`
<br /> -`�;.;�, ' �� � sale of the PropeRy,shall apply any Funds held by L.ender ut the time of acquisilion or sale as a credit agains� the sums
<br /> ., .,..,
<br /> �.,.; - , securcd by this Securily Inswment. ---
<br />,.K�; � • 3. Applkadon af Payments. Unless applicable luw provides atherwise, all p•ryments received by Lender under �
<br />` ��'�>.�• �•• parugruphs 1 and 2 shall be applied:first,to uny prepnyment churges due uncler the Note;second,to nmounls payable under
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<br /> "'`'- , �"'� paragroph 2;third,to interest due;fourth,to principul due;and las4 to any late churges due under the Note.
<br />_�"�: -%+�l:d.'�y����-:-i.: d, Chpr�es; Llens, Borrower shall pay ull u►xes, us,cssments, chsuges, fines und impositions attributable to the
<br /> °,�+� � Property which may annin priority over this Security Instrument,and leusehold pAyments or ground rents,if any. Borrower
<br /> - � � _ . . •. �'-
<br /> shall pay these obligations in the manncr provided in parn�raph 2,or if not paid in that manner,Borrowcr shull pay them on
<br />•��j�l:� � time direcdy to the person owed payment. Borrower shnll promptly furnish to Lender all notices of umounts to be paid under
<br />_..,•':� �• , this parngraph. If Bomower makes Ihese payments directly.Borrower shall prompUy fumish�o l.ender recefpts evidencing
<br /> ���� � � the payments.
<br />- " � � Borrower sholl promptly dischurge any lien which hax priority over this Secu�ty Ins�rument unless Borrower.(a)ugrees
<br /> �;��,'.i � •° "" in writing to the payment of the obligation secured by�he lien in u manner ucceptuble lo Lender,(b)contests in good i�ith the _
<br /> ` `�' . lien by.or defends aguinst enforcement of the lien in,lefial proceedings which in the Lendcr i opinion apemte to preveM the �
<br /> - - ��'�*� enforcement of the lien;or(c)secures from�hc holder of the lien un agreement sAtisfactory to Lender subordinating the tien
<br /> �� 'W��; �` to this Security Instrument. If Lender determines that any pu�of the Properry is subject to a lien which mny atluin priority -
<br />�'�? �:Mh; �• •
<br /> - ; � � over�his Security Instrument,Lender may give Borrower a no�ice identifying the tien. Borrower shall 4uNsfy the lien or t�ke _
<br /> ��'� a •' " '� ;, one or more of the actions set forth ut+ove within 10 duys af Ihe giving of notice. :
<br /> ' S. Nazard or Property Insuronce. Borrowcr shall keep thc impmvcments now existing or hereaftcr crccted on the F
<br />_ • Property insured ogainst loss by fire,hnzardti included within the tertn"extended cover�ge"anJ any other hazurJs,includin� i
<br /> �. :'°•� floods or flooding, for which Lender reyuires insurnnce. 'I'his insurunce shull be maintained in the amounts und for the !
<br /> .. Farm J02M 9/90 �puxe:a/n fw.ees� E`
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