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<br /> _ „ -_.�_ _ ._ rtenancer.
<br /> __ _ Ti3C3ETHBR WtTLl A{!the impravcments:tow�x lr�r�nf�rr errrted on the�►ropeAy.iu►d dl euements,�P{w �_
<br /> f;_--� and fixturea naw or hereaiter a�rt of the Prope�ty. All replacemem�and addidans ch�ll slco bie eovered by�hio S�eurity —
<br /> buwment. All of Ihe foregoing is referred to in this Security Insuument es the"Propeny."
<br /> 80RROWt?R COVBNANTS that Borrower ia lpwfully sefsed nf the cstate hereby ronveyeJ and has ilw�f8h�to�rant
<br /> - ancl convay thePrnpeny and thAt the Property is unencumbered,eacept tor encumbrunces of record. Borrower wurrants and c
<br /> wlll defend generaliy iha tiNe to the Propeny against all claimr wid demunds,subject tn any encumbmnce�uf rccweJ.
<br /> TH1S SECURI7'1l lNSTRUMENT combines uniform covenanta far nation�l use and nan�uniform covenonts with
<br /> �,� limited variations by ju�isdiction�o constftu�e a uniform secudty instrument covering rewl property.
<br /> .' UNIFORM COVENANTS. Bomawer and Lender covsnant und agree as follows:
<br /> 1. Paymeat otPriacipal and IMeresti�'ep�yment And Lpte Chargea Borrowar sh�ll promptly pay whe�due�he
<br /> ��� _ _ pdncipal of and Mterest on the debt evidcnced by the Note und ony prepayment nnd late chiuges due under the Note.
<br /> ���� 2. �ads tor 71�xes s�nd IasurAnce� Subject to npplicublc law or to a written waivcr by Lender.Borrower shall pay to
<br /> ____—__ —_ Lender on the day monthly payme�ts are due under the Note.until the Note is puid in full.a sum("Funds")for.(a)yearly
<br /> - ---- taxes and assessments which muy anein pdodty over�his Security Instrument as a lien on the Property;(b)yearly leasehold
<br /> _s_ __� �� payments or ground renta on the PropertY. if ony: (c) yeurly hazard or property insurance premiums: (d) yearly tlood
<br /> insurance premiums, if any; (e)yearly mortgage insurance premiums, if any; and (� nny sums payable by Aorrower to
<br /> L.ender,in accordance with the provisions of parngraph 8.in lieu of the payment of mongaga insurance premiums. These
<br /> items are called"F.semw Items." Lender may.at�u�y dme.collect and hold Plmds i�an amount not to exceed the mauimum
<br /> -..� - - - amount a lendcr for a federally related mo�gagc loan moy require for Borrower� escrow account under thc federel Real
<br /> _ �' Estete Settlement Procedures Act of 1974 as amended from time to time,12 U.S.C.�2601 er seq.("RFSPA"),unless anather --
<br /> ,�,9- . �,, r Iaw that appliea to the F�nds seta a lesser amount. !f so,Lender may,at any time,collect and hold Pbnds in an amount not to
<br /> � ��"'� " � exceed the lesser amount. Lender may eadmate the amount of Fl��ds due on the basia of curtent data and reasonable
<br /> • rr• '"''• ' eatimates of expenditures of future Escrow Items or otherwise in accordwue wilh upplicable law.
<br /> �:•��,:
<br /> 71�e Punds ahall be held in an institution whose deposits are insured by a federal ugency.instrumenwliry,or entiry
<br /> ��,���.'`�''•.�4. , (including Lender,if Lender is such an institudan)or in any Federal Home l.oan Sank. L.ender shall apply 1he Flmds to pay
<br /> ��uu��•ti;• .� ��! the Escrow items. I.ender may nat charge Borrower for holding and applying the Funds, annually anulyxing the escrow
<br /> ,•.,< < }' account. or ve�fying 1he Escrow Icems,unleas L.ender pays Borrower interest on the Funds and Applicable law permitx
<br /> �•�;�.
<br /> - ,�r••� • :a�- Lender to make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent real
<br /> .� , •,,�:
<br /> °°„•�"����.�y�: estate tax reporting service used by Londer in connection with this loan,unless applicable law providea otherwise. Unless an
<br />- ', �4?y�r��u�.."x� agreement is made or applicable Isw requires intenest to bc paid,Lender shall not 6e required to pay Bortower any interest or
<br />_ - eamings on the Funds. Horcowcr and Lender mny agree in writing,however,lhat interest shall be paid on the Funds. Lender
<br /> . _ - �'��rh�' �..'" '`� �f purpos�e fo which each debit to the Funds was ade. The Funds are pledged as addi onel secu ty fortall sumsnsecu d by
<br /> . �•
<br /> � �"�,���t,;aF: ';.';� thia Security Insdvment.
<br /> ,.;'. . .
<br /> - , ;y;,;,;:.r•. •. :..•a. lf the FLnds held by l.ender exceed 1he amoun� permitted to be held by applicable law, Lender shull account to
<br /> = 3#`�`''•`." �" '�"'' Borrower for the excess Funds in accordance with the reyuirements of applicable law. If the amount of the FLnds held by
<br /> ��.t�...:. .;....
<br /> �a,�,r��,4;�:t:�•, I,ender at any timc ia not sufflcient to pay the Escrow Items whcn due,Lender may so notify Borrower in writing, end,in
<br /> '-,.• ; '� � such case Borrower s ha l l a to 4en der t he amount necessary to make u p the deficiency. Borrower shall make up the �
<br /> . .�.mus:;da,i�.: P Y -
<br /> deficiency in no more than twelve monthly puyments,at L.ender'�sole discretioe.
<br /> �V �° '° Upon payment in full of all sums secured by this Security Instniment,Lender shall prompUy reiund to Horcower any
<br /> •� .t "-`' ,s��:+�� Funds held by Lender. If,under para$rnph 21,Lender shall nequire or scll the Propeny,Lender,prior to the acquisition or
<br /> ."i0f�`""`.•"•"'°"".'•'- sale of thc Pro rfv shall a 1 un i�nds held b Lender at the time of ec uisition or sale as a credit aBainst the sum�
<br /> -„— - .:n•- '1' • .R�w.- Pe••7• PP Y Y Y Q
<br /> •«�,; °�• securcd by this Security Instrument.
<br /> �. ° -� ` �.,:,� i 3. Appllcatbp ot Poyments. Unless applicable luw provides otherwise, all payments received by Lender under
<br /> :�-, �rr�-� � ' �
<br /> _ v� y'�,!;`,;, , paragraphs 1 and 2 shall be applied:firs�,to any prepayment charges due under the Note;second,to sunounts payable under
<br /> ..� � . °�. . ,,.. ! paragmph 2;third,to interest due;founh,to principul due:and lost,to any lute chsuges due under the NWe. _
<br /> r��• J� 4. Ch�es; Liens. Borrower shall pay all taxes, assessments, chargas, �nes and imposiYions amtibutable to the
<br /> ,�,•� � ,� . . .
<br /> �•' �� �..,. :. :,, .,.,.�,� � Property which may attain priority over Ihis Security Instrument,and leasehold payments or ground rents.if any. Borrower _
<br /> �. shall pay these obligotions in the manner provided in parAgrnph 2,or if not paid in that manner.Borrower shall pay them on
<br /> �'° ,� "•'��- -• • � time directly ro the person owed payment. Borrower shall promptly fumish to Lender all notices of amaunts to be paid under �
<br /> "��,i�• � � this h. If Borrower makes the�se a ments directl ,Borrower shull rom tl fumish to Lender recei s evidencin -
<br /> ' � ; .. , � paragra s P Y Y p p Y P� g _
<br /> ' �y -��,� ;. � Ho�rrower shnll prompdy discharge any lien which has priority over this Securiry Instrument unless Borrower:(a)agrees _
<br /> � "�';��"T`'• in writing to the payment of the obligution secured by the licn in u manner acceptuble to Lender;(b)contests in gaad faith the
<br /> �� _
<br /> ;?�. ° �;"�p;, I lien by.or defends pgainst enforcement of thc lien in,lcgal proceedings which in the Lender�s�pinion operate to prevent the
<br /> +�'+�' enforcement of the lien;or(c)secures fmm the holder of thc lien an agrecment satisfactory to Lender subordinating the lien
<br /> to this Security inswment. If Lender determines thnt any part of the Property is subject to a lien which may attain priority
<br /> � over this Security Inswment,Lender may give Borrower n notice identifying the lien. Borrower shall satisfy the lien or take
<br /> �•����•°- one or more of the actions set forth above within 10 days of the giving of notice.
<br /> ���'^�'-� ' � � - � S. H�rd or Property Insurance. Borcower shnll keep the improvements now existing or hereaRer erected on the =.
<br /> ' ��r" ' Propeny insured agefnst loss by�re,hw.ards included within the tertn"eatended cuverage"and any aher htuurds,including
<br /> ....n �,�• ",.r,i';'�'"' . ��:
<br /> tlouds or tlooding, for which Lender requires insurancc. This insuronce shall be maintained in the amounts and for thc _
<br /> i •
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<br /> " �0. ' . .,I Fono J03Y 9J90 !lbRt 2 oJ6 pagtt)
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