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<br /> ���a��,� ' 92-106�.1s
<br /> '"� TppE'IHp.R W[TH�II N►e impravements now or hereufter erected on the properiy,and all easemen4s,appurtenances, _
<br /> ;• nnd fixturei now or hereafter a psut of the property. AU replacernents and odditiona shall al�o bo covered by�his Securny
<br /> Incuument. All of tha fongoimg is rcfemed to in ihia Secudty lmtrument as Ihe"PropenY•"
<br /> BORROWER COVENANTS�hat Borrower is lawfully�eiced of the eslete hereby conveyed und hAS the right to grent
<br /> Y' and convey�he PropeRy end ihat tho PcopeRy ia unencumbered,except for cncumbrances of record. Borrower warrante and
<br /> - � will dofend generally the dtle to the Propercy Againat all elaima and demands,cubject to any encumbrunces of record.
<br /> - � TH1S SBCURiTY INSTRUMEfV'f combines unifarm covenants for national use and non-uqiform covenants with �
<br /> limited vuiodona by jurisdktion tu consdtute a uniform securiry Instrument covering real property.
<br /> ::��° UNIFORM COVENANTS. Borrower and Lender covenent and agree as follows:
<br /> :__.r�.� • 1, pnymeat of Prtncipal and Ialerest;PrepAymeat�nd Late Chnrge�. Borrower shall prompdy pay when duc the
<br /> — `���! principal of and interest on the Qebt evidenced by the Note and any prepayment and late chnrges due under 1he Note.
<br /> —Y ` i 2, Flmds for'Ihxes and lnsurAnce. Subject to applicable law or to a written waiver by Lender,Borrower shall pay to
<br /> Nx*�` ��' ! I..ender on ii�e day monthly payments are due under thc Note,until the Note is paid in full,a sum C'Funds")for: (n)yearly
<br /> �,�"x►l�f
<br /> �:�: ,,;� ; taxes And assessments which may attain pdority over thia Security Instrument as e lien on the PropeAY: (b)YQar�Y leaschol __
<br /> �: earl hnzard or ro inaurance remiuma; (d) yearly flood v
<br /> ��,,,,;::��'. � payments ar ground rents on the Property, if any; (c) y y p �� sums able b Bortower to
<br /> �: insurance pr�em iums, i f any; (e) y c az l y m o r t ga ge insurance premiums, if any: and(� anY P�Y Y
<br /> -�� , � [.ender,in accordance with the provisfons of paregraph 8,in Ileu of the payment of mortgage insutance preniiums. T hese � x
<br /> � [tems are cnlled"�scrow Items." Lender may,at any time,collect and hold FLnds in en amount not�o exceed the maximum
<br /> ��-,.�-?, amount a lender for a federolly related moagage loan mey require for Borrower's escrow account under the federal Real
<br /> �� II p,state Settlement Pracedures Act of 1974 ax amended from time to time, 12 U.S.C. �2601 er seq.('RESPA').unless anather �._
<br /> ���::;�.:�:_.:.'�*el-. , , ---
<br /> � law that applies to the Punds sets a ksr+er amount. If so.Lender may,at any time,collect and hold Funds in an amount not to
<br /> -�%'�"' N ���'� �� exceed the lesser amount. Lender may esumate the amount of Flmda due on the basis of current data and reasonnblc �..
<br /> �,(,.};�-�,n... ., �c�., �`�",
<br /> _�:���, •� � , esdmates of expenditures of future Fscmw Items or otherwise in accordance witb applicable law. ��_
<br /> �• Q`' b��. �•� �`� 'fhc Amds sholl be held in an institudon whose deposits are lnsured by a federal agency, instrumentaNty.or entity
<br /> _-_:1��. :. �m�
<br /> (including I.ender.if Lender is such an institution)or in any F�ederal Home Loan Bank. L-ender shall apply the Funds to pay
<br /> �'""��'�'���. � � � the Escrow Items. Lender may not charge Barrower for hotding and applying the Funds,annually analyzing the escrow �'��-°
<br /> �w_.
<br /> '� '�y,,;' �''' " ' account,or vedfying the Escrow Items, unless Lender pays Bortower interest un the Funds and epplicable law permits �:L_:.
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<br /> ,.-g; ,.., , IxnJer to mal;c such a charge. However,l.ender may require Borrower to pay a one-time charge for an independent real .a;:�:-
<br /> g ���c���-' � ...,..� es�ate tau repordng service used by Lender ln connection with this loan,unless applicable law prov�des otherwise. Uuleaa A/l
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<br /> -=�'z� ,�'`�''"'.{.`�`.'.�...;.:,.j� eeamingsnon the Funds.�Borrowerea�d l�.endcr may agrec i�n wrid gehoweverlthati tere9 tishall be paid on the EUnds� l.ender
<br /> `- � ` � ''� • �;; ahall gtve to Borrower.wfthout charge,an annual accounting of the Funds,showing credits and debits to the Funds and the __
<br /> �r"� � ��� se for which each debit to the FUnds was made. The Funds are pledged as additional security for all sums secured by
<br /> ",�:�xk..�..?•„�.'� P�!T� ==.
<br /> - ° : �,��•T> = th�a Security Instrumeni. �.
<br /> If the FLnds held by l.ender exceed the amounts permitted to be held by applicable law. Lender shall account to
<br /> - � �, �"�°' �'' Borrower for the eacess Funds in uccordance with the requirements of applkable law. If 1he amount of the fLnds held by .�••
<br /> " ' N • Lender at Any time is not sufficient to pay ihe Escrow Items when due, Lender may so notify Borrower in writing.and,in �x=.
<br /> �� . " such case Borrower shall pny to Lender the amount necessary to make up the deficiency. Bormwer shall make up the __
<br /> .'^� .:�•�� I deficiency in no more than twelve monthly payments,at Lender's sole discretion. ��
<br /> ' ' ,^ '� '�� ,;s• � Upon puyment in full of alt sums secured by this Securiry Instrument,Lender shall promptly refund to Borrower any �:-
<br /> ?•� . �v� • I Funds held by Lender. If,under parugraph 21,Lender shall acquire or sell ihe Property.Lendar,prior to the acquisition or
<br /> �.
<br /> _ � .�,. sale of the Properry,sh�ll apply any I�nds held by Lender at the time of acquisition or sale as a credit against the sums �t
<br /> �. ... . . ,k,;., secured by this Security Instrumem.
<br /> 3. ApplicwtWn ot Payments. Unless npplicable Iaw provides otherwise, all payments received by Lender under �4-
<br /> �,_ r J' "' ': parngrephs 1 and 2 shall be applied:first.to any prepuyment charges due under the Note;second,to amounts payable under _
<br /> e � • -- I paragraph 2• third,to interest due;fourth.to princip�l due;und lust,to any late charges due under the Note. �.,_
<br /> �•� �_ •. . 4. Ch�u�es; Lfens. Borrower shall puy nll tAxe�, assessments, charges, fines and imposflions atuibuwble to the =-
<br /> ';� �_;- "��: ,h,:+� . property which muy atcain priority over this Security Instrument,and leuselald payments or ground renis,if uny. Borrower
<br /> T � _,� d: � • shall pay these obligations in the munner providcd in paragrnph 2,or if not paid in that mnnner,Borrower shall pay them on �
<br /> •�='�• :_�`� time directly to the person owed puyment. Borrower shall promptly fumish to I.ender all notices of amounts to be paid under
<br /> `�-`�'- , this paragraph. [f Borrower mukes these puyments direcdy,Borrower shull prompdy fumish to Lender receipts evidencing r-°�
<br /> :'� ,�,:..: , - � thc payments. �'°,:
<br /> . -- . . Borrower shall promptly discharge uny lien which has priority over this Security Instrument unlecs Borrower:(a)agrees _
<br /> � in writing to the payment of the ubligntion secured by the lien m a mnnner ucceptable to Lender.(b)contests in good faith the _._._
<br /> f''!e„ �;;�.";.?.. .. lien by,or defends against enforcement of the lien in,legal procceding+which in the Lender's apinan operate to prevent the -
<br /> . � ' • � enforcement of the lien;or(c)secures from the holder of the lien An ugreement sutisfuctory to Lender subordinnting the lien __
<br /> .� ' .. .. �..
<br /> , ._.�•" • „ to this Securiry Insdument. If Lender detertnines thut any pan of�he Property is subject to a lien which muy attain priority `v
<br />' •. , over this Security Instrumen4 L.ender may give Borrower u notice identifying the lien. Borrower sholl satisfy the lien or take
<br /> • �,;�¢;�.� one or more of the actions set forth above within 10 days of the giving of naice. i�
<br /> � 5. Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereaftu crected on the __
<br /> " ' • Propeny insured aguinst loss by fire,hazurd�included within the tertn"eatended coverage"And uny other huwrds,including �`.,
<br /> . ° r�:. floods or flaoding, for which Lender requires in�urance. This insurance shall be muintained in the amounts and for the _ _
<br /> • � 1� . � . Farm�128 9/90 (/wR�2 nf 6 paRtsl �
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