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<br />�1 �{�lILY."� .
<br /> _ �_ 92-1a6.S37
<br /> ,— TOC)�7'HBR WITFI all�ho impmvemems now or hereaftcr crectcd on Ihe praperty,and all easemema,appurccnonces,
<br /> -`- ° - euRi ii,�iwos�n�w a i�,e+l'�r a{,.ti .,f ti�c M:.E���y. Rii�.:�{�tr.Ki�is a��►i a.lcSii{�:tia�i��IS«tw Ix:.:ov;.r..d�y thi.S:,cudty
<br />.'t Instrument. All of the forcgaing ie refcRed ta in this Securiry Inauum�nl x.v�hc"Property."
<br /> BORROW�+R COVENANTS tfut Bonower ia lawfully cciscd of the eatate hcreby coavcycd and has the dght to grant
<br /> and convey the Property and th�t tlte Praperty ia unencumbered.except f�r encumbrnnceg of record. Bamwer wurtAnt�and
<br /> --- _ - -� will defend generaliv�ha tille to the Property�+guinst�+II clam�xnd dcmands,cubject lo uny crx:umbr+�iKes uf r�xu��d.
<br /> THIS SECURITY 1NSTRUM8N7' combfnes uniform covennnts for na�lanal use and non-uniPam covenants wllh
<br /> limited variatiane by,jurisdiction to con�titute a uniform�secud�y instnim�nt covedng real propeny.
<br /> � UNiFORM COVBNANTS. Borrower and Lender covenant und ugree as Eollows:
<br /> ��a:.-,�,.� 1. Phyment oi Principal and Interest;Prepaymenl and l.ote Cha�ea Bo�rower xhall promptly pay when duc the
<br /> �unao[s�d�L�i�.-_a
<br /> s,y�� princi�al of end intercst on the debt evidenced by the Note u�d any prepayment and Iale chuges due under the Note.
<br /> .��._,�y�,� 2. �nds for 7i�xes and Insurmce. SubJect ta applicable law or to a w�itten waive�by I.ender,Harrower shall pay to
<br /> Lender on tha day monthly poymcnts orc due under the Note,until tha Note is paid in full.u sum("FLnds"1 for:(u)yearly
<br /> � � � taxes nnd assessment�which mu attain rfority over this Securit Instrument as u lien on the Pro r1 (b)yearl leusehold
<br /> _�`��„x:� Y P Y P� Y: Y
<br /> payments or ground re�ts on Ihe Propeny. if nny; (c) yearly hazard or property insurance premiums; (d) yearly flood
<br /> �:���J-L:�� fnsur�nce premiums, if any; (e) yearly mortgage insurnnce premiuma, if any; end(�any sums payable by Borrower ro
<br /> ''�.-'�,,,,,5s'-,�.-�'`';:'` Lender,in accordance wlth the provislons of paragraph 8, in lieu of�he payment of mongage Insurnnce premiums. These
<br /> ������• � items are called"Esemw Itema.' Lender may.at any time,collect und hold Fundx in ar�runount not to exceed the maximum
<br /> , �� amount a lender for t federally related mortgage loan may require for Bottower`s escrow account under the federnl Real
<br /> — }�,�;;,��,�` Eatatr Settlrment Pnxc�lurea Act uP 1974 uy un�n�ctil from tinie to lime, l2 U.S.C.§2b01 rt sey.("R rGSPA").unicss Another
<br /> — law thal epplies to the Phnds seta a lesscr amount. If so.Lender may,ut nny time,callect and hnld Funds in:m amounr not to
<br /> ,�'''�{�`�� eaceed the lesser amount. Lender may estimate the amuunt of F�nds due on the bnsis ol wn.nt datu .�nd rea. na�►e
<br /> ��+�- '��' �� ' �"'` esumetes of expenditur+es of futu�+e Bscrow Items or otherwise in acwrdunce wfth upplicuble law.
<br />�:.•��;h,�°'"'�'•.�6°'�` � The FLnds shall be held in an instilution whose deposits are insured by a federai ngency, fnstrumenlality,or entiry
<br /> —���'�`' (including l.e�der,if Lender ls such an institution)or in any Federal Home Loan Bank. Lender shall apply the F�nds to pay
<br /> — . . -�t ,,,�:4 the Escrow Items. l.ender may not charge HoROwer for holding and upplying the Funds.annu�lly anelyzing the escrow
<br /> �� � " account, or verifying the Escrow Items. unless I,ender pays Borrower interest on Ihe Funds and applicable law permits
<br /> �``:�► `��'�� Lender to moke such a cher e However,Lender ma r uire Borrower to n a one-time char e for an inde ndent real
<br />,�l. a . 8 • Y e9 P Y 8 P�
<br /> ` ,;,.�,,�;•_,_ ' eatate tex reporting servke used by Lender in connection wjth this loan,unless npplicable Inw provides otherwlse. Unless an
<br /> � �.� agreement is made or applIcable iaw requires interest to be paid,Lender shall�ot be requlred to pay Borrower any intcresl or
<br /> ''.t`•f�;'`'"y' • r� camings nn the Funds. Bomower and l.ender may agree in wdting.however,thnt interest shsill be paid on�he timds. Lender
<br /> _,���:,�;�• shall give to Borrower,without chnrge,sin annuul uccounting of the Flmds,showing creditx and debits to the Funds and the
<br /> `;;,wo��:'•_ :-:v'<� purpose for which each debit to Ihe Funds wus made. 'Ihe Fimds are pledged as additional security for all sums secumA by
<br /> -- "' � [hia Security Inswmen[.
<br />---- �'��'� � ' . �� � If the Funds held by Lender exceed the amounts permitted lo be hcld by npplicable IAw, Leader sholl uccount ta
<br /> — ",.,:.:; , � �� Borrower for the excess Funds in accordance wilh�he requirements of applicable law. If the amaunt of the FLnds held by
<br /> ° Lender at any time is not sufficient to ps►y the 6scrow Items when due,Lender mny so no�ify Borrower in writing,and,in
<br />-'+�''� �• � � such case Borrower shall pay to l.ender the tunount necessnry to m�ke up the deficiency. Bomawer shall muke up the
<br /> =, '�r� deficiency ln no more than twelve monthly payments,at Lender!c sole discretion.
<br /> � �. � . � Upon puyment in full of all sums secured by ihis Securiry lnslrument,Lender shAll promptly refund to Borrower any
<br /> y� i�. •� Funds held by Lende�. If,under parugmph 21,Lender shall acyuire or sell Ihe Propeny,Lender,priur to the acyuisition or
<br /> :-. . sale of the Property. shall npply uny Funds held by Lender at the time of acqulsition or sale as a credit�gainst Ihe sums
<br /> :µ•� secured by this Security Instrumenl.
<br /> ,�-�'' •�>!'A'' 3. Appticatbn af P�yments. Unleas upplicablc law provides otherwise, all payments received by Lender under
<br /> f�•s�. •*'�'"`'' � �� parugrophs I nnd 2 siutll be applied: first.�o nny prepuyment churses due under the Note:second,to amaunts payuble under
<br />-�i •%���•y�- �-*�= paragraph 2;thinl,to Mtercst due;fourth.to principal due;and lu.st,to uny late chnrgcs due under the Note.
<br /> •��� -r 4. Chorges; Liens. Borrowcr shull pay all laxes, assessments, chnrges, �nes and impositiuns attributnble to the
<br /> ,• ��R"'-�'�° Property which muy attein Ndority over this Security Inswment,and leasehold payments or ground rents,if any. Borrower
<br />_� , yar shall ps►y these obligudons in the munner provided in pnragr�ph 2,or if not paid in that manner.Borrower shall pay them on -
<br /> —� � r;" `' time directly to the person owed payment. Borrower shnll promptly furnish to Lender ull notices of amounts tu be puid under
<br /> -�� ''� � this aro ra h. If Borr�wer makes ttiese u ments direcd Borrower shs►11 rom tl fumish to Lender recei s evidencin -
<br />_�� �.�;.., '�.,� P B p p Y Y• p P Y W S _
<br /> _.� the payments.
<br />,�'� . , ° � Bomower shall promptly discharge uny Ilen which has priority over this Security Inswment unless Burrower.lu)agrees
<br /> � in writing to the payment of the obligation securcd by the lien in a manner ucceptuble to Lender,(b)contests in good faith the
<br /> ��K�"�:�- • lien by,ar defends against enforcement of the licn in,legal pmceedings which in the Lender's opinion operate to prevent the
<br /> '_'�` ���. enforcement of the lien;or(c)secures from the holder of the lien nn ngreement sutisfuctory to I.ender subordinating the lien -
<br />"`� to this Securit Instrum:nt. If Lender determines thut an art of the Pro rt ��sub crt to u licn which mu attoin riorit
<br /> :� Y Y P Pe Y � 1 Y P Y -
<br /> ��' � ,o over this Security lnsdument,Lende�may give Borrowcr u no�irc identifying thr lien. Borrower shall satisfy the lien or take
<br /> �;� n:�,;,. ; one or more of thc actions set forth ubove within 10 duys of the giving of notice. _
<br /> - � " 5. Ha�rd or Property Insurnnce. Borrower shall keep the improvcmenu now existing or hernafter erectcd on the °
<br /> Property insured ugainst loss by fire, haaurds included within thr trrm"extcnded covrrage"�nd any other hazarJs,including �
<br /> � floods or flaoding,for which Lender reyuires insurance. This insurance shull be muintained in the umounls anJ for 1he �
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