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<br /> , ' � "v y� TO(3ETHER WITH aU the improvements now ar heroafter erccted on t92ropeny nnd all eusements,uppunenunces,
<br /> '_"�r��'���! and�ixwrea now or heroafter u ptut of the property. All rcplucements nnd uddUiuns shdl �Iso ba covercd by 1hi�Security _
<br /> P.**�,6,�;:;�, Irutrument. All of the forogoing is rcferted to in thls Security lnsuument o��he"Property."
<br /> �.y�.;,,.,��: BORROWER COVENA.\TS thnt Borrower is luwfully seiseJ aP the e.rtAle hercby canveyed otid hAx�he ri4ht to grant
<br /> ���;.i,�ti,,::��,�;� and convey the Ptopecty ond that the Ptopeny is unencumbered.excep�for eacumbrances uf record. Barower warrant�ond
<br /> � wil!defend generaliy the title to the Property agninst all cluims And demands,subject io:uiy�ncumbronces of record.
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<br /> �,. �, .. �.s::,;�c.• THIS SBCURITY INSTRI.'MENT combines uniFarm wvenanu for nAtiunul use und non-uniForm covenunts w�th
<br /> _, , , _� :.� _ limited vaiAtions by jurisdiction to constitute u uniform security instrument covering rcal propeny. _
<br /> � ..y� �, -°° �`� '� ' UNIFORM COVENAIV'TS. Borrower und Lender covenunt and ugrce as follows: r �-�
<br /> X ' ' � ' 1. Payment o�Princlpal a�d Interest;Prepayment and Lute Char�es. Borrower shull promptly pay when due the
<br /> -____ � � � princi�al of nnd intercst on the debt evidenced by�ha Note and any prepayment and late charges due under the Note. 4��_�__
<br /> � •� • • ' •�, 2. FUIId9�W'�IyiXl3�Dd I09Y1'a11Ca Subject to applicable law or to n w�itten waiver by Lender.Borrower shall pny to
<br /> -� ; ° ,. �°• ,; Lender on the day manthly pay�ments ore due under the Note.undl thc Note is ps�d in fuU.n sum("Funds")for(a1 yeurly
<br /> b tcixes and assessments which may analn priority over this Securiry Inspument as a Ikn on the Pruperiy:(b)yenrly leasehold
<br /> __ -=-�rsL�- ° •r�►.' payments or ground rents on the I'�operty, if any; (c) yearly hauud or property insarance prcmiums: (d) yeurly tlood
<br /> ������ insurance pmmiums, if any; (el yeurly mortgage insurcince premiums, if ony; and (t)any sums payable by Borrower to
<br /> . i � Lender,In accordance with the provisions of parugraph S, in Ileu of the payment of mortgage insurance premiums. These
<br /> '�� items are called"Escrow items." Lender may,at any dme.collect und hold Funds in s+n amount not to eaceed the mwcimum
<br /> ��� ' ' , amount u lender for a federally related moagage loan may requiro for Horrower's eserow uccount under the federal Real
<br /> �;� � �� E.�tate Settlement Procedures Act of 1974 ns amended from tima ro time, 12 U.S.C.�2601 et seq.("RESPA"),unless another �:..__ _.:
<br /> __= a,,.�:.„.. :� ''� �SW thet 8ppltes to the Funds sets u lesser amoun� If so,Lcnder may,at uny dme,collect ar�d hold Funds in on amount not to
<br /> ° �•' exceed the lesser amounG Lender muy estimate the amount of Funds due on 1he b.ais .f curte��dnw m�d r�asonable
<br /> ,, , - -` Cstimates uf expendltures of future Escrow Items or othens�lse in uccordarue with appijcnble law. e ----
<br /> �• - d..,�•��; The Funds shell be held ln an institudon whosc deposits ure insured by a federal agency, insaumcntality. or entiry ..
<br />-- ° (including I.ender. iF I.ender is such an institution)or in any Fe�erol Hame Loan Bank. Lender shall apply the FLnds to pay �e�'�
<br /> • • � ,:±�_ the F.scrow Items. Lender may not charge Borrower for holding nnd applying the Funds,annually r+naly�ing the escrow ��-�T
<br /> ' account,or veri m the Fscrow Items, unless Lender a s Horrower interest on the Funds sind n hcuble law rndts `'�"°`=�
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<br /> Lender to malce such a charge. However, Lender may require Borrower to pay a one•dme chitrge for an independent real
<br /> " �` estate tax reporang service used by Lender in connecdon with this loan,unless appltcuble IAw pravides othernise. Unless an �`"�`�--
<br /> . • '* agrcement is made or applicable law requires interest to be paid.Lender shell not be required to pay Borrower any interest or
<br />: � " etunings on the Funds. 6orrower and Lender may agree in wriring,howevcr,that interest shall be paid on the Funds. Lender
<br /> " � shall give to Botrower.wlthout charge,an annuul accounpng of the Fl►nds,showing credics nnd debits to the Funds and tho ___
<br /> �� •• purpose for which each debit to the Funds was made. The Funds are piedged as additianal securiry fo�all sums securcd by =
<br /> � ,, . . this 3ecuriry Instrument. ��—.��,::.
<br /> _ r�.�:_;. [f the Funds held Dy Lender exceed the omounts permined to be held by upplicable law, Lender shall account to �""`°"''~t�
<br /> ` •• � Bomower for the excess FLnds in accordAnce with the requiremen[s of applicuble law. If thc amount of the Funds held by �nw� -_
<br /> . ..:� Lender at any time is not sufticient to pay the Escrow Items when due, I.ender mny so notify Borrower in wridng,and.in L ,,� .�
<br /> such case Boaower shall p$y to Lender[he amount necessary to make up the deficiency. Borrower shall make up the
<br /> ��,. deficlency in no mo�e thon cwelve monthly payments,at Le�der's sole discretion. —
<br /> ,.�; Upon payment in fuU of nll sums secured by this Security Instrument,Lender shall promptly rsfund to Horrower any •.: ��•�t ar-
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<br /> . Funds held by Lender. If, under pwagraph 21,Lender shall ucquire or sell the Property, Lender,prior to the acquisition or ; _�.�.
<br /> salc of�he Property,shall apply any Eunds held by Lender at the time of acquisition or sale as a credit agaimt the sums , .-a,�:,...-_�
<br /> •� secured by this Security Inswment. • " ,y
<br /> 3. Appllcation of Pt�yments. Unless applicable law provides otherwise, all payments received by Lender under �
<br /> K� " :.� paragraphs i and 2 shall be applied:first,to uny prepayment charges due under the Notr, second,to amounts payable under _ --
<br /> � �-••s puagraph 2;third,to intercst due:fourth,to principal due:nnd Inst,to any late cherges due under the No[e. �"��_�
<br /> �i- 4. Chorges; Liens. Borrower shnll puy all taxes. assessments, charges, fines und imposi6ons attribuwble to the ��"�L'���°°
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<br /> , Piroperty which may uttain pdority over this 5ecurity Instrument,and lensehold payments or ground rents.if any. Borrower �--'"�'-
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<br /> ' � � shall pay these obligations in the manner provided in parngrnph 2,or if not puid in thut munner,Borrower shall pay[hem on a,�==;�,�;_
<br /> . eime dirccNy to ihe person owed payment. Borrower shull promptly fumish ro Lender all notices of amounts to be paid under �'��'"'-�-'° -.
<br /> ' tLis �ra rn h. If Bomower makes these a ments dircctl Borrower shall rom tl fumish to Lender recei u evidencin L=_-_�_ � +��•
<br /> , P B P P Y Y• P p Y P B
<br /> � che payments. �:,-_� -
<br /> ' '^-�� Borrower shall promptly discharge nny lien which has priority over this Securiry Instrument unless Bortower.(a)agrees a-n..:�.
<br /> , • in writing to the payment of the obligation secured by the lien in n munner ucceptable to Lender,(b)contests in gaod faith the �,_
<br /> . lien by,or defends against enforcement of che lien in,legal praceedings which in the Lender's opinion opernte to prevent the � � �'�-
<br /> enforcement of the lien;or(c1 secures from the holder of the lien an agreement sutisfactory to Lender subordinating the lien ���;;��"_
<br /> •• ,;••-•=� to this Security Inswment. If Lender determines that uny part of the Property is subject to a lien whicA may attain prioriry � � :iYR-
<br /> „�'.� over this Securiry Inswment.Lender mny give Borrower a notice identifying the lien. eorrower shall sntisfy the lien or take - -
<br /> ` .-;,;, � one or more of the actions set forth above within 10 duys of the giving of notice. � `'��
<br /> S. H�rd or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the 1
<br /> . Properry insured against loss by fire,hazards included within the tertn"extended coverage"and any other hsizznrds, including �
<br /> , floods or flooding.for which Lender requires insurnnce. This insurance shell be m�incained in the nmounts and for the I
<br /> � ,1 , Form30S8 9/90 fpaRe:oJ6paRttl '
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