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<br /> " TO(3E77iER 1VITH alt the impmvemcnu now on c�rcofter erected on Ihe properly,and pll ensemen�x,appurtcnances,
<br /> �nd flxturcr now ar hem.uftcr a part uf thc propeny. All replucemcntK and uddiiions ahell also ba covcred by thi�Secudty
<br /> _ In�trument. All oithe forcgaing is rcfemed to in thl�5ecurity Inatrument as the"Piraperty:'
<br /> '• � �`������ BORROWER COVBNANTS thut 8orrower ie Inwfully sciacJ of�hc estutc hercby canveyed und hus thc right to grunt
<br /> artd convey the Praperty and�het tha Property is unencumbeiEd,eacept for encumbrAncec of record. Horrawer wwtant�►and
<br /> �,��, will defend generally the tille ta the Propeny aaainst All claima und demundx,subject to any encumbr�ncea of record.
<br /> -�� + THIS SECUR[7'Y INSTRUMENT combi�es uniform covennnls for national uso und non-unifarm covenant� wllh
<br /> � "��''�� ' limited vnriatfona by juriRdiction to conRtitute ouniform security instrument cove�fng reAI praperty. r
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<br /> ,, ., ,,, UNIFORM COVENANTS. Borrower und Lender covenant and ngree ns fallaws;
<br /> - N�S��"`��^' l. Payment of PrincipAl And Interesti Prepaymeat and Lpte ChwrQea. Borrowcr sholl promptly pay when due IF�e
<br /> °�' �'"=�`� principal of and interest on the debt evldenced by the Note and any prepayment and late charges due under the Note.
<br /> �`"3di�°`=u"-- 2. �a�s tor 7lwxes pnd Inaurance. Subjec�to applicuble law ar to a wdtten waiver by Lender,Borrower shall pay to -
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<br /> LBnder on the dny monthly pnymenta nre due under the Note.umil the Nute is pa�d in full,a sum("Funds") far:(a)yeurly _»
<br /> �_:. tf"��'��' ' tazes aad assessments which may attain pdor(ty ovor thia Secu�ity Insaument ea a lien on the Property;lb)yeorly lensehold
<br /> `�-='-� ' peymente or ground rents on 1he Property. if any: (c) yearly hazard or property insurunce premiums; (d) yearly flood
<br /> '-'�.�-�-� '��' insurance remiume, if an . (e) yenrl mort a e insurance remiums, if an and(n an sums a able b Borrower to
<br /> �r���a:�e=::u�:;'� P 9' Y 8� P Y� Y P Y Y
<br /> �•��-•�=� l.e�der.in acco�dance wlth the rovisions of ara h 8,i+� lieu of 1he a ment of mort a e ioaurance rerniums. These
<br /> �3�.=�' � P P B�p P Y � S P
<br /> � .b . �� ;,.......; .� itoms are called"Escrow Items." I.en der may,at any t ime,co l lect un d ho l d Fun ds in an amnunt not to exceed the maximum
<br /> _ - � ;,,�'_p��i amount a lender for a federally related mortgege loan may require ibr Borrowerfi escrow account under the federul Reul �
<br />:"-�'��������;��.,�'���;,� Estate Seplement Procedures Act af 1974 as amended from tima to time, l2 U.S.C. §2601 et seq.("RESPA"),unless onothcr f
<br /> � � - law that applies to the Punds scts a lesser umount. If so,Lender may.ut uny time,culle�:t and hold Funds in an amount noi to
<br /> �' d;~°• .. exceed the lesser amount. Lender muy cstimate the amau�t of Funds due on thc basis of current data and reasonable —•-
<br /> � "•'•''•�-`' " "��4f estimates of eapenditures of future P.scrow Items orotherwise in accordance with applicable law.
<br /> ° ----���-'�"`��� Thc Fl�nds shall be held in an institution whose de sits are insured b e fedrral n enc , instnimentalit , or entit
<br /> 8�i.�.��. po Y E Y Y Y -c_-:_
<br />- �� , , � (including Lender,if Lender is such an institudon)or in any Fedcral Home LoAn Bank. l.ender shsll apply�hc Funds to pay
<br /> �.. •- the Escrow Items. Lender may not charge Borrower for holding and applying Ihe Funds. annually analyzing the escrow
<br /> " account,or verifying the Bscrow Items, unless Lender pnys Borrower fnterest on the Funds and applicable luw permits �
<br /> o�+:�� �y l.ender to make such a charge. However,Lender may require Borrower to pay a one-Iime charge for an independent real �;-.;,.
<br /> , n '� �+ � estate tax reporting�c:rvice used by Lender im m�nection with this loan,unless applicable law provides othenvise. Unless an
<br /> ��. �" " ag�eemem is made or applicable law requires Interest to be paid,Lendcr ahall not be required to pay Barrowcr any interest or
<br /> �� eamings on the Funds. Borrower and l.ender me�y agree in writing,however,thet interest ahall be paid on thc Funds. Lender __
<br /> '�„ ' shall give to Borrower.without charge,un annual accounting of the Funds,showing credits and debits to the Funds end the __
<br /> :,��;.:_ .�r�:� purpose for which each debit to the Funds was rnede. The Funds ere pledged es edditional secudty for all sums secured by ---
<br /> ' `_ ---__ - this Security Instrument. o=-
<br /> , If the FLnds held by Lender exceed the amount� permitted to be held by applicable law, Lender shull account to -
<br /> ,• Borrower for the excess Funds in accordunce with the requirements of appiicuble law. If the amount of the Funds held by �'
<br /> • I.ender At any time ls not sufficient to pay the Escrow Items when due,l.ender may so notify Borrower in writing,und,in
<br /> �. • , �, such case Borrower shall pay a L.ender the omount necessary to mnke up the deficiency. Borrower shull mnke up the �"
<br /> `` ' � ^ " deticiency in no more than twelve monthiy p�yments.at Lender'.s sole discretion.
<br /> � �'- ��-
<br /> Upon payment in full of all sums secured by this Security lnstrument.Lender shall pmmptly refund to Borrower any �'-
<br /> ,�ti• :f>: • ._ Funds held by Lender. If,under paragrnph 21, Lender shall�cquire ar sell ihe Propeny,Lender,prior 10 the acquisition or
<br /> ' � ' • , sale of the Property, shall upply any Nunds held by Lender at the time of ucquisi[ion or sale os a credit+�gaiost the sums �"
<br /> � . y.: • secured by this Security Instrument. -�°
<br /> . •� -••; 3. Application oP Payments. Unless applicuble law provides atherwise, all payments received by I.ender under �
<br /> �:� ^ h��°.' parpgraphs 1 and 2 shull be npplied:fir�t,lo my prepayment charges due under the Note;second,to amounts payabie under
<br /> ' • � "� ., paragruph 2;third,to interest duc;fourth,to principal due;and lust,to any late charges due under the Note. _�--
<br /> • � - ^ 4. Charges; Llens. Barrower shall pay all taxes,assessments, charges, tines and impositions attribumble to the _
<br /> '• �"'�� • Property which may nttnin priority over this Securiiy Instrument,and leaschold payments or ground rents. if Any. Borrower __
<br /> � shall pay these obligations in�he mnnner provided in pnragraph 2,or if not paid in that manner,Borrower shnll puy them on ---
<br /> � f . � � '�,-ti time directly to the person owed payment. Bartower shall promptly furnish to Lender all notices of nmounts to be paid under
<br /> '" . � this paragraph. If Borrower mokes these paymems direcUy.Borrower shull promptly fumish to Lender receipts evidencing �
<br /> . ,
<br /> ' the payments.
<br /> � Borrower shall promptly discharge any lien which has priority over this Security Inslniment unless Borrower:(a)a�rees _ -
<br /> ��,i '" ' in writing to the payment of the obligation secured by thc lien in a manner acceptable lo Lender,(b)contests in goad fuith the �_
<br /> , ..� . � 1{en by.or defends against enforcement of the lien in,legal proceedings which in Ihe LenJer's•opinion operute�o prevent the _�..
<br /> �_ . � ' �`�o � `, enforcement of the lien;or(c)secures from the hdder of the lien nn agreement satisfactory ro I.ende�subordinatin�the lien G-
<br /> ._.. " to this Security[nstrument. If Lender deterrnines�hAt any pun of the Property is subject to a lien which may uttnin priority
<br /> � "�f • •� over this Security Inswment,Lender mny gi ve Bnrrowcr u notice identifying the licn. Borrower shull satisfy the lien or take __
<br /> . �..;' , one or more of the actions set forth�bove within 10 days of the Fiving of notice.
<br /> S. Hazard or Property Insurance. Borrower shull keep the improvements now existing or hereafler erccted on the
<br /> - =-"-`=�'�'�"`a` ` Pruperty inyure3 again.l 10�5 by fi�c,l�;�a�Jti in�tuJcd within thc t.mt"��;ten.tcd covcragc"and;zny other hazurds,including
<br /> ,. floods ar flaading, for which Lender requires insurAnce. This in,urunce shall be mufntnined in the amounts and for the
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<br /> - Form J02li 9/90 //H+R�=��J�d M+Xesl �
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