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<br /> -� � TO(3ETHER W1771 all lhe improvementa now on c�rcafter crected on�he properly,und all e�.tiements,appunenances,
<br /> _'°� and flztu�now or hereaf'ter a put of the pmperty. All rcplacements and addidons shall also bc covered by Ihis Securiry
<br /> Inswment. All of Ihe foregoin�is rcferred to in this Secudry Insuument sa the"Property."
<br /> - BORROWER COV�NANTS that Borrower is IAwfully sei�ed of the es�ate hcreby conveyed and hns�he right to grant
<br /> and convey thc Propetty und 1h�t the Property is unencumbered,except for encumbrances of record 8orrower war�nt�and
<br /> will defend generally Iho title to the Property against all cluimA and dcmanda.subject to any encumfxanas of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for nadonal us� and non•uniform covenanta wilh
<br /> ,�� �� limited variations by judsdicdon to cons�qute a uniform security insaument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agnee as followa:
<br /> ���` �• � 1. Paymeat oi Principal and Iaterest;Prepayment aad Late CdarQea. Borrnwer shull prompdy pay when due ihe
<br /> princi�of and interest on 1he debt evidem:ed by the Note and any prepayment And late charges due under tbe Note.
<br /> Fbndt tor 7luces aod Insuraace. Subject to applicnble law or to a wrinen waiver by L.ender.Borrower ahall pay to
<br /> .y�,�.: L,ender on ihe day monthly pa�ments are due under the Note,until the Note is peid in full,a sum("Funds")for:(a)yearly
<br /> ._;►.�,;�- taaes and a�sessments which may attain priority over this Secudry InstTUment as a lien on the Property;(b)yeculy leaschold
<br /> --— - -��,:— payments or ground rents on the Property, if uny: (c) Yesuly hnwrd or property insurance pnmiums; (d) yearly tlood
<br /> - �.�:;. -' ;. insurance premiums. if any; (o) yearly mongage insurance prerr�ums, if any: and (� any sums payAble by Borrower to
<br /> ��;- •.t Lender, in accordance with the provisions of paragraph 8,in lieu of tiie payment of mortgagc insurance premiums. These
<br /> ;,'�'�.��````=- items are called"Escrow ltems." 4ender may.at any time,coltect and 6old Funda in nn wnuunt na to exceed[he ma�cimum
<br /> '�;l'•• ' amount a lender for a federally r+clated moAgage loan may require for Bartuwer�escrow account underlhe federal Real
<br /> - '�•�` Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C.�2601 et seq.("R ESPA"),unless another
<br /> _''�'��� law�hat applies to the FLnds sets a lesser amount. If so,L.ender may,at any time,collect and hold Funda in an amount not to
<br /> _ ';:,::.__�;., exceed the I�.wser amount. L.endcr may esdmate thc amount of Punds duc on the basis of current data and reasonable
<br /> ''"="`�-' � - �`'r estinwtes of expenditu�es of future Escrow Items or otherwise in accardance with upplicabie law.
<br />--""-" � • " The Funds shall be held in an insGwtion whose deposlts ar+e insured by a federal agency. instrumentulity. or entiry
<br /> i� � � ��� ' (including Lender,if Lender is such an institution)ar in any Federal Hane Loan Banic. Lender shnll apply Ihe Flmds lo pay
<br /> -- � :�tx`, �. the Fscrow Items. l.ender may not charge Borrower for holding and applying ihe Funds, annually nnalyzing tite escrow
<br /> �j;::"�:` aa;oun� or verifying the Escrow Items,unless Lender pays Borrnwer interest on the Funds and applicoble law permits
<br /> —�—��°"-�; ;�' l.ender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real
<br /> . " ;� • ':� �•.;. :� estate tax reporting service used by Lender in connecNon with thia lo�n,unless applicable law provides othenvise. Unless an
<br /> —' "`J � �` agreement is made or applicable luw requires interest to be paid,Lender shull not be roquired to pay Borro�vcr any intenest or
<br /> ���''�'��'•��.� ��'1�� eamin s on the Funds. Bomower pnd Lender ma y agree in wriring.however,ihat intercst shall be paid on the Funds. Lender
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<br /> � .-'e�f�"`= '� i shall give to 8orrower.wi�hout charge,an annual accounting of the�uncls,showing credits and debits to the Funds and the -
<br /> r�, „.. .;. purpose for which each debit to the Funds was made. The Funds are pledged as ndditional security for all sums secured by
<br /> • this Security Insdument.
<br /> a+�:� .���-v?:—_ If the Funds held by Lender exceed lhe amounts permitted to be held by applicable law,Lender shall account to
<br /> '�` ' R�'�` Harrower for the excess Funds in accordance with�he requirements of applicable luw. If the amount of�he Funds held by
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<br /> i= .�.: , n .._ Lender at any time is not sufficient to pny the Escrow Items when due, Lender may so notify Borrower in writing,und,in
<br /> - such case Borrower shall pny ro Lender the amount necessary to make up the deficiency. Bomnwer shell make up the
<br /> �� °'� �"' J �"«' � deficiency in no more than iwelve monthly payments,ut Lender's sole discretion.
<br /> Upon payment in full of�II sums secured by this Securiry Instrument,Lender shall promptly refund to Borrower any
<br /> 1i ._ . 1 Eunds held by l.ender. If.under parngtaph 21.Lender shall acquire ar sell the Properry.Lender, prior to the acquisition or
<br /> '"` o,�, � I sale of the Property.shall upply any Funds held by Lender at the�ime of xquisition or sale�,s a credit ogainst the sums
<br /> '� a ~ secured by this Secunry Inswment.
<br /> _�,_,r� ? _� -��• 6 3. Applteatbn of Payments. Unless applicable law provides oUierwise. all pAyments received by I.ender under
<br /> �s •-r" � paragraphs 1 nnd 2 shull be applied: firs4 to any prepAyment charges due under Ihe Note;second. �o amounts payable under
<br /> ''' " parugraph 2;third,to interest due;fourth,to principal due;and lust.to any late c6arges due under the Note.
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<br /> � 4. Charges; L(ens. Borrc�wer shall pay nll taxes, assessments, chuges, fines and impositions attribumble to the
<br /> '�. �::y.1�•:- • � Property which may attain priority over this Security Instrument,and leasehold payments or ground ren1s.if uny. Borrower
<br /> `��„�;;�',- ,r '", sball pay these obligations in the manner provided in pumgraph 2,or if not paid in that mnnner,Barrower siu►II pay them on
<br /> --- ' •' " time direcUy to the person owed payment. Borrower shnll promptly furnish to Lender ull notices of amounts to be paid under
<br /> _ ` . ""' this paragraph. If Bortower makes these payments directly, Borrower shall promptly fumish to Lender receipts evidencing
<br /> '.— .. •.� . the PaYments.
<br />�.�r�� ��.�� ,�" Borrower shall promptly discharge any lien which has priority ovr.r this Security Instrument unlesc Bortower.(a►ngrees
<br /> .� �,,,.. .''�` in writing to the payment of the obligation secured by�he lien in a manaer ncceptuble to Lender,lb)contests in gaod faith the
<br /> - "•�;�,. " lien by,or defends pgninst enforcen�ent of the lien in,legal procecdinFs which in the Lender�opinion operatc to prevent thc -
<br />- -_ '�`���- '' enforcement of the lien;or Ic)secures from 1he holder of the lien un a�reement wtisfactory to Lender subordinuting the lien
<br /> ��� . � ��._ .°,•' to this Security Inswment. If Lender determines thnt any part of the Property is subjcct to u lien which may auain prioriry
<br />�-��'- �� over this Security Insaument,Lender muy give Boirower a notice identifying the lien. Borrower si�ll satisfy the lien or take
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<br /> -�.�.:�=.-° I one or morc of the uctions set fath above within 10 days of the giving of noticc.
<br /> �• . 5. H�rd or Property Insurance. Borrower shall keep the irnpmvements now existing or hereafler erected on the
<br /> � i P m p e rt y i n s u r e d a g a i n s t l o s s b y�re,h a z a r d s i n c l u d e d w i t h i n t h e t e rt n "e x te n d ed covera g e"a nd a n y o t h e r h a z u r d s, i n c l u d i n g
<br /> ; " ;,.. • - tloods or flooding, for which Lender requires insurance. This insurance zhull be maintnined in Ihe umounts and for 1he
<br /> • � � ��. Fam.1D28 9/91 qw�gr:aJn�nRrsl
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