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<br /> --- - -- TOO�THER WITH all Ihe fmprovcmems now or horcwfter erectecl an lhc property.and all e�remem�. appuncnonccx,
<br /> = - — �nd fixtura�now or hKe�lter r put of Ihe pmpeny. All rcplACCmcnt�and�dditionr xhall alco be cov�ed by thir Secvrity
<br /> Iruwment. A8 of tlm furcQulnQ ir refem�:d lu in Ihia Securily Inalrument ns Ihe"Property" -
<br />- BORROWBR COVG�NANTS that Qomiwer iR lowf ully seiced af Ihe cslatc hercby ronvcycd and has the ri�ht ta grant
<br /> , and convcy the Praparty and Ihat the Pmpeny is unencumbened,except far encumbrances of record. Borrower warrantr w�d
<br /> wfll defend generally Iho title to the F'�uperty againct�11 claima and dempnds.cubject to any encumbrances of record. r
<br /> '� THIS SECURITY INS7RUMENT camisiner. unifomi covenanta for natiunal use and nan-uniform eovenontr with
<br /> Nmited varfaQons by Judsdiction tc►conuitu�e a uniform secudty insuument cavering real propeny.
<br /> . UNIFURM COVENANTS. &artowcr and Lender covenant and agrec as foliaws: �
<br /> _ _ _ 1. Pryment of P�Incipal wnd laterst;PrepaymeM wnd Lwk ChwrQw. Borrower shull promptly pay when due the
<br /> � �-----�-----� pdnclpal of und interest on Ihe debt evidenced by�he Note nnd uny prepayment und late charges due under the Note.
<br /> •��*,�� 2. FY�ndr�ar 71Axes u�d Insuraice.Subjat to appNcable law or to a wrftten waiver by Lender.Borrower shall pay to
<br /> �=:�_��_= Lender on thc dey monthly payments ue duc undcr thc Note. until�he Nore is puid in full,a sum("Funds")for.(a)ycarly
<br /> ,��,;�.,,n;,,-r,,��— taues and assessmenta whtch may attuin prioNty over this Security Instrument as a Ilen on�he Property;(b)yeArly leasehold
<br /> ��;.,,`v.�+;,:u. , payments or ground rents on the Property, if uny; (c) yeurly hazard or prop�erty insurance premiums; (d)yearly flood
<br /> :'�� insurance premiums, it ar�y; (e) yearly mongage insurance premiums. if any; und (�any sums puyable by Borrower to
<br /> Lender,in accordance with the provialans of par�grnph 8,in lieu of thc payment of mongage insurunce premiums. These
<br /> ����:��,;���� items arc called"Escrow Items." Lender may.ut any time,collect wid hold Phnds in sin amount not to exceed the maxlmum
<br /> amount a lender for a federally rclatad rnortgage loan mey requine for Borrower�s escrow account under the federal Real
<br /> _�,.�--''°•��`�!Y'� Estate Setdement Pracedures Act ot'1974 as amended frorn dme W time.12 U.S.C.�26(11 el seq.("Rl�SPA").unless another
<br /> � - *' '� law that applies to the FLnds sets a lesser amount. I f so,Lender may,ut any Nme,collect nnd hold Funds in nn amount not to -� �
<br /> "'•,���,".;-.:;�"': eaceed the lesser amount. Lender may estimace the umount of PUnda due on the basis of cutrent data and ma.4onable
<br /> _ • , - estimates of expenditures of future Escrow Items or otf�rwise in Accordance wlth applicable law.
<br /> • • The Funds shall be held in an institudon whose deposits are insured by a federal ugency. instrumentality.or entity
<br /> �� ��"`��""�6"3" (including Lender.if L.ender is such an institut�on)or in any Federal Home L.oan Bank. I.ender shall apply the Funds w pay
<br /> �'���u �. the Escrow ltems. [.ender may not churga Borrower for holding and applyfng the Funds,nnnually analyzing the escrow
<br /> _ wr�'`�..: �'°` °�" account, or ve;rifying the Escrow Items. unless Lender pays Borrower interest on the Flin�ls and applicable law permits
<br /> —_ � • f Lender to make such a charge. However,Lender may requine Borrower to pay a one-time chArge for un independent real
<br /> _ h`.�Ar''��1:`r47���. estate tax reporting service used by Lender in connection with this loan.unless appUcable law provldes otherwise. Unless an
<br />�ry� �;n���^�' : � ..� agreement is made or applicable law rcquires interest to be paid,Lender shall not be required to pay Borrower any interest ar _
<br /> _ ;�s;,�.,�.���s .:LS•� carnings on the Punds. Borrower und I.ender may agree in w�iting,however.that interegt shall be paid on the PYmds. Lender
<br /> • • shall give to Borrower,without charge,an unnual accounting of the Funds,showing credits and debits to the Funds sind thc
<br /> _�'_a��:•'a:.`�=�'�^- pucgnst for wtiich each dtblt to tht Awds wss mn�e. Tlze Pk�nds art pledge�as addlt4onal�c��rlty f�r all a��m��ux�invi by
<br /> " � ' � this Securiry Instrument.
<br /> - _. _ _��_��� if the Funds held by Lend�r exceed the amounts permined to be held by upplicable IAw. Lender shall uccount ro ,_
<br /> � - • �• •• Borrower for the excess Funds in nccadnncc: with the requirements of applicable law. If the amount of the Flmds held by
<br /> � Lender at eny time is not sufflcient to pay thc Escrow Items when due.l.ender may so notify Borrower in wdting, and,in
<br /> � � such case Borrower shall pay to Lender �he amount necessary to make up the def'�icncy. Borrower shull make up the
<br />_ -�, ibitw.. • " deficiency in�o more than twelve monlhly payments,At Lender�sole discretion. _
<br /> �s' ``'' �� Upon payment in full of all sums secured by this Security Instrument.Lender shull promplly retund to Norrower siny
<br /> -- . " • Funds held by Lender. if,under paragruph 21,Lender shall acquire or sell the Properry,Lender,prior to the acquisition or
<br /> _. _ ' � snle of the Property.shall npply any Punds held by Lender at the time of ncquisition or sale as u credit against the sums
<br /> � " ° secuned by this Securiry Inswment.
<br /> � b 3. Applka�tion ot Payments. Unless upplicable luw provides otherwisc, all payments received by Lender under
<br /> '' ��� `-'�• parnErnpb4 I nnd 2 chall he nppliell: firct,�n nny prPpayment chargec due uncler the Note;serond,ro amnunic payahle�mder �-
<br /> �"'•''•° ` ara rn h 2;third,to interest due;founh. to nnci al due;and last,to an lete chur es due under the Note.
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<br /> • 4, Char�es; I.lens. Boirower shall pay aU taxes,ussessments, charges, Gnes nnd imposttions attrjbutnble ro the
<br /> a�.� '`." �� - Prope[ty which may uttain priority over this Security Instrumenl,and lea!�ehold paymemx ar ground rents,if any. Borrower `�_
<br /> _ �tx:� shall pay these obligetions in the munner provided in paragraph 2,or if not paid in that mnnner,Borrower shall pay them on
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<br /> �.- . , dme direcdy to the person owed payment. Borrower shall promptly fumish to Lender ull notices of omounls to 6e paid under � >>
<br /> �• ° .� this parugrnph. If Borrower mukes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing � ���+•
<br /> .:�:�. ' the payments. --- -
<br /> • �"� ' Borrower shall prompdy dischurge nny lien which h�s prioriry over this Security instrument unless Barrower:(a)agrees `-
<br /> =�, . � •, in writing to the payment of the obligation secured by thc lien in A manner ncceptable to Lender,(b)wntests in good faith the
<br /> . lien by,or dePends agoinst enforcemen�of the lien in,legal proceedings which in the Lender's opinion opemte to prevent the �'
<br />��� :�'� ' . enforcement of the lien;or(c)secures from the holder of the lien an ugreement sutisfACtnry to Lender subordinating the lien �^•
<br /> ��-� • • to lhis Security Instrument. If Lender determines that uny part of the Propcny is subject to u lien which m�y attnin priorlry —
<br />-"''�. K" ', over this Sacurity Instrument,Lender muy give Borrower u notice idcntifying the lien. Borrower sh�ll satisfy the lien or take --
<br /> ;�� �fe_ , . one or morc of the actions set forth ahove within 10 duys of the giving of notice.
<br />_�— �. S. Hazerd or Property Insurw�ce. Borrower shall keep the improvements now existing on c�renfter erec�ed on thc
<br />-�'�� Property insured against loss by fire,huarJs included within the term"ealended coveruge"and any other hazards,including
<br />_ 4 •.s � floods or flaoding, for which Lender requires insuram;e. 'I'his insurnnce shall be maintuined in the umounts ond for the -
<br /> � � Form 3Y28 9/90 ( e 1 n n �rl �-- --
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