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<br /> �M_�u-:��' - • TO(ZETFIER WITH aU the improvemcnts now ar hercoftcr crected on the property,und ull cu.gcmenlx,uppunenances,
<br /> .�����°�"� und fixwre:now or hercaiter a putt uf the propeny. All replu�cments and additians shall ulso be covered by this Secudty _
<br /> ''""' Ins�tument. All of the for�goiog is refeRCd tu in�his Security Instrument as the"Praperty."
<br /> - �' �::'��.��T;�,- BOItROWER COVENANTS thot BoROwe�is lawfully seised of the estote hercby conveyed nnd has thc dght to�rant
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<br /> „, and convey�he Property und that the Propeny is unencumbered,except for encumbrunces of rccord. Borrower wurtants and
<br /> ,°'�Y.:;;..,.�•--` " wiil defend�enerally the tiUc to Ihe Propeny Aguinst ull cluimr pnd demondg,cubjecl to any encumbrances of r�:cord.
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<br /> �°•F�!' n THIS SECURITY INSTRUMENT combines uniform covenanla for natlonal use ond non-uniform cuvenonts with _
<br /> � "�"'''` '�'' Ifmikd vnrlutlons by jurisdiction ta constitute a unifnrm security inetrument covering real propeAy.
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<br /> �a+.�%:�� 1!.�;�.e"" UNIFORM COVEfJANTS. Bortower und Lender covenant and agrce as foQows: _-
<br /> a;:;.s�.4; �a 1. Payment of Principal and Interest;Prepayment ond LAte CharQes. Bormwer shall promptly puy whcn due tho
<br /> . .,� �;;,,� • principul of and intere�t o�the debt evidenced by the Note and any prepuyment and late chiuges due under the Note.
<br /> ;;�3�;� •. . 2. Fund�for 7t�xes ond Insu�Ance. 5ubJect to upplicuble Inw or to a writ[en wniver by I.ender,Botrower shall pay to
<br /> „ Lcnder on the dey manthly pnyments ure due under the Note,until the Note is pafd in fuU,a sum("Funds")tor:(a) yeculy
<br /> "' " ' � " ' � taxes and assessments which may sutaln pdoriry over thia Seeurity lnstcument as u lien on the Property;(b)yearly leusehold
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<br /> " � puymeMs ar gmund rcnts on the Propsrty, if any: (c) yearly hazord or properry insurance premiums; (d)yeorly flaod Q--T.---
<br /> .,.� � �:�+�o• .' insurnoce premiums,if any; (e)yearly mortguge inauronce premiums, if any: ond (fl any sums payabk by Borrower to
<br />_�;�;;";".":., �:,�.., Lender,in uccordance with the provisions of pnragrAph 8.in lieu of the payment of mortgage insurance premiums. These —_
<br /> "'� , ` �` ,; 1• items are culkd"Escrow Items." Lender may,at uny time.collect nnd hold FLnds In nn amount not ro exceed the maximum __
<br /> �y� R�'��'�'��'"�; amount n lender far a federolly relAted mongage loan may requfre for Bortower� escrow account under the fedeml Rcul
<br />'`:"?�i�'����������li'���- s� Esttue Settlement Proceduas Act of l974 as umended from time to dme, l2 U.S.C.�2601 et seq.("RESPA"),unless another �----- ___
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<br />:,.'�y law thnt applies to the Funds sets a lesser amount. If so.Lender may,at uny time,collect and hold Funds in an anount no[to _
<br /> ,� �, r . exceeQ the lesser aunount. Lender may estimate the umount of Funds due on�he busis of current datu end �easonuble �_�_ _
<br /> ' estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> - r��,,,�; T h e F u n d s s h u l l b e h e l d i n e n i n s t i t u t i o n w h o s e d e p o s i l s ure Inaured b y a Federal a genc y, instrumentality,or entiry �
<br /> (including Lender.if Lender is such un institu[fon)or in any Federnl Home Loun Bunk. Lender shall apply the Funds to pay
<br />--.,;; �� �� . the Escrow Items. Lender mny not chnrge Borrower for holding und applying the Funds, Annuolly analyzing the escrow =
<br />= � " accaunt,or verifying the Escrow Items, unless Lender pays Hortower interest on the Funds and applicable luw permits ---
<br /> `•� . ��o• . Lender to make such a chorge. However,Lender may require aorrawer to puy a one-time charge for an independent reul
<br /> -' , '.; " estate tox reponing service used by Lender in connection with Ihis loan.unless Appliceble law provides otherwise. Unless an °'""'`'"�'
<br /> .�. `;,'�`"� ' ' ngreement is mude or uppiMable law requires interest to be paid:Lender shnll not be requfred to puy Borrower eny interest or
<br /> `' ' � eamings on�he Fbnds. �orrower und Lender muy�gree in wnnng,however,that interest shall be paid on the Funds. Lender
<br /> ., , .. shall give to Bortower,wi�hout chc+rge,an unnuul accounting of the Funds,showing credits and de6fGs to the Funds and the ���_*_�.
<br /> _ , � ° putpose for which each debit to the Funds wns made. The Funds are pledged as additionul security for all sums secured by ___-
<br /> �;�w.`�, this Securiry[nswment. :�T��
<br /> � }�.�;_ t !f ihe Fesnds held by i.ender exceed the amn�m�a permined to be held by applicuble IAw, Lender shall account to _
<br /> Borrower far the excess �unds in s�ccordunce wlth the requircments of applicable law. If the amount of the Funds held by �„,„,,,q,
<br /> Lender at any time is not cufficient ro pny the Escrow Items when due,Lender muy so notify Borrower in writing, und,in -�
<br /> , such cuse Borrower shnll pay to Lender the omount necessary to muke up the deticiency. Borrower shall make up the — _____
<br /> • , deficiency in no more thun twelve monthly payments,at Lender's sole discretion. -.-��.;,,;: .—
<br /> � Upon pnyment in full of aQ sums secured by this Securiry lnstrument.Lender shnll promptly refund to Borrower uny ,__
<br /> � . Funds held by Lender. lf,under pnrngruph 21,Lender shall ucquire or sell the Propeny.Lender,prior to the ucquisition or ,.•A^:.�.� -
<br /> : „ �, . sule of the Property.shnll upply uny Funds held by L�nder at the time of ecquisitivn or snle as a credit agalnst the sums
<br /> 'r ' secured b this Securit [nstrument. "'" °
<br /> ° ' 3. AppNcation of Payments. Unlcss applicable luw proviJes othcrwise, Ail puyments received by Lemler under �u '4 M�
<br /> � purngrnphs I nnd 2 shall be upplied:Brst,to any prcpuyment churges due under the Nae:secand,to nmounts payable under t------
<br /> p�raQrnph 2;third,to intcrcst due:founh.[o rinci ul due; nnd lust,to an late chur es due under the Note. �'�y° ���
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<br /> A. Cbar�es: Liena Borrower shall pay all �uxes,assessments, charges,fines and imposidons attributable to thc ��:y-
<br /> o Properry v►•hich mny nttain p�foriry over this Security Instrument,und leusehold payments or ground ren[s,if nny. Borrower �. ..-�:•---�
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<br /> shall pay these abligotions in the munner provided in pamgraph 2,or if not paid in thnt munner,Borrower shall pay them on - _
<br /> • • time directly to the person owed puym�nt. Borrower shall promptly fumish to Lender oll notices of amaunts to be pnid under ��
<br /> • " this pamgrnph. If Barrower makes these puyments dir�ctly,Bortower shall p�omp[ly fumish to Lender receipts evidencing �.�,..••-__-
<br /> �� the payments. "'�� �
<br /> � � Borrower shall promptly discharge t►ny lien which hus priority over this Security Instrument unless Borrower:(a)agrees L����
<br /> in writing to the psyment of the obligation sewred by the lien in•r mnnner ncceptable to Lender,(b)contests in good fAith the t .a.�::�::2.-
<br />�� lien by,or defends against enforcement of the lien in,legul pra:cedings which in tha Lender's opinion operate to prevent the �V.'t_�-_-
<br /> enfurcemem of the lien; or(c)secures from the holder oF the lien an ugreement sa�isfactory to Lender subordinating the lien �`;_• �;;;;=
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<br /> to this Secudty Insuumenl. If Lender detertnines thut uny part of the Piropeny is subject to a lien which muy nnain priority .i�_;•._.��o��-
<br /> over this Security Inswment.Lender muy give Borrower a noti<�e identifying the Ilen. Borrower shall satisfy 1he lien or take '�:''�F'''.'�=�-
<br /> � ' one or morc of Ihe uctium se[forth above within l0 duys of thc giving of notKe. (
<br /> � S. Hazard or Property Insurance. Burcower.hull keep�he impruvemenls now exi��ing or hereufler erected on the � .
<br /> . � � Propeny insured ugainst lusi b�•fire,hazurds includeJ within the term"extended covrruge"und any ather hazards,including � •
<br /> flaods or Oaoding, for which Lender requires insurunce. 7'hi� insu�unce shall br maintained in the amounts und for�he ` ,
<br /> 'r. Form J028 9/90 i�..Ke:„je��err� `
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