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<br /> _ � 97� �0�.40� .
<br /> " TOGFiTHER W ITH all thc i mprovemcnts nc�w on c�rwflcr crcctcd on thc praperty.un�l al I ra,cmcm+, ,ippurtr�r,uuc�. ,md
<br /> fixturcs now un c�rexftcr u p�rt of thc praperty. All rcpla«ntCnts ttnd uddit'tuns shall al�i� h� ruvcr��l hy lhis Sccurily
<br /> In�trumcnt. All uf thc farcgoing is rcfcrred tc�in this Sccurity Intitrum�nt a,thc"Pruperry."
<br /> BORROWER COV ENANTS that �orrc�wcr is luwfully ticised of thc csrnc hcrcby cunvcycd und hati thc righl tu grant and
<br /> ~ convey tlie Property and that ihe Property iti unencumbercd, except far enrumhranccti of recurd. f3urro�ver wurruntti and �tiill
<br /> defend}�ener:dly the tiQr t��the Pr��perry .+gai nst ull claims and drmands.�uhjecl tu any �`ncumhranres��f r�cord.
<br /> THIS SECURITY WSTRUMENT combinc�uniform covcnant, far niUionul usc und non-unit'orm cuvcnant+wnh limucd
<br /> - � ;y,�; variations by jurisdirtion to canstitutc u unifurm sccuriry intiu•ument covcring rcal property.
<br /> """'��� UNIFORM COVENANTS. Borrowcr und L.ci�dcr covcnunt anJ ugrcc as follcnvs:
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<br /> 1. PuymcnY of Princtpul and Intere.�t;Prepuyment und l.nte Charges. B��rrower �hull promptly pay whcn duc thc
<br /> principul of and intcrest un thcdcbt cvidenced hy thc Notc and uny prepuymcnt und late chargcs due under the Note. ,
<br /> � 2. Funds for Tuxes und lnsurance. Subject to applicable luw or to a�vritten wuiver hy Lciider, Borrrnver stiall pay to ,.. .�..r: .
<br /> • Lender on die day monthly payments are due underthe Note,until thc Note ix paid in full,a sum("I'unds")f'or:(u) yearly taxes �.;�,!�:"'_°�
<br /> ����:--
<br /> , and uysessments which may atiain priority ovcr this Security Instrument us u licn on the Property: (h)ycurly Ieaschold puyments -____
<br /> - or�round rents on thc Property,if nny; (c)yearly hacard or property insurancc prcmiums;(d)yearly Flnod insurance premi�ms, ,,~__
<br /> if any; (e)yearly mortguge insurance premiums, if any;and (f� any sumc payuble by Borrower to Lender, in accordnnce with ..�„••_-�
<br /> the provisions of paragraph 8,in lieu of the payment of mortgage insurunce pre�niums. These items ure caUed "Escrow Items." _,;�'?_
<br /> Lender may, at any time, collect and hold Funds in an amount not to exceed the maximum amount a lender for a federally ���-x
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<br /> -° relatecl murtgage loan niay require for Borrou•er's escrow account under the federal Real Estate Settlement Proceclures Act of � • � _
<br /> 1974 as amended from time totirne, 12 U.S.C. Section 2601 et seq. ("RESPA"),unless another iaw that applies to the Funds `:w`-_
<br /> sets a Iesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to exceed the lesser amount. �`'=°-
<br /> Lender may estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of furore ,,;_=__.
<br /> �; Escrow Items or othcrwisc in accorduncc with epplicablc law. �
<br /> Y� The Funds shall bc held ir un instiwtion whose deposits arc insured by a federal agency, instrumentality, or entiry °
<br /> � (including Lender,if L.ender is such an institution)or in any Federal Homc Loan Bank. Lender shull apply the Funds to pay the __
<br /> Escrow Items. Lender may not charge Borrower for holding and applying the Funds, unnually analyzing the escrow account,or
<br /> vcrifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such __.___
<br /> '., a churge, However, Lender rnay require Horrower to pay a one-time charge for an independent real estate tax reporting scrvice '
<br /> ,� used by l,ender in connection with this loan, unless upplicable law provides otherwise. Unless an agreement is madeor �:�`---
<br /> u�i�iiCd`vi�Ii1K'ICyuIrC; SAiCi�.::SO��?�:L�,j-r:•"•��S`-h3�!•".et!"'s�,'!!s^��n�,ny R�rrower flny interest or earnin�s on the Funds. --
<br /> Borrower and I.ender may agree in writing. however, that interest shall be paid on the Funds. I,ender shnll give to Borrower.
<br /> , without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each
<br />�•. �� debit to the Funds was made.The Funds are pledgai as additional security for aU sums secured by this Securiry Instrument. _
<br />�`'•'. ' ' If the Funds held by Lender exceed the amounts permitted to be held by upplicable law,L,ender shall account to Borrower
<br />_ far the excess Funds in accordance with the requirements of upplicable law. If the amount af the Funds held by Lender at any
<br /> }`.��?'^ time is not sufficient to pay the Escrow Items�vhen due,Lender may so notify Borrower in writing, and, in such case Borrower
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<br />-.�,,, ;,.,�:;: shall pay to Lender the ynnunt necessary to make up the deficiency. Borrower shall mnke up the deficiency in no more than
<br /> _:..,,.,�.�,,, twelvc monthly paymcnts,at Lcnder's sole discretion.
<br />-��-: � *;;�,� tlpon payment in full of all sums secured by this Securiry Instrument, Lender shall promptly refund to Borrower eny
<br /> _ -_ .- Funds held @y Lender. If,undcr paragraph 21,Lender shall ncquire or sell the Property.Lender,prior to the ncquisition or sale
<br />'�=�'"•�'=-� of the Property, shall a�pply any Funds held by L.cnder at the time of acquisition or sale as a credit a�ninst the sums secured by
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<br />��;-�";_�. this Security Instrument.
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<br />�....:,_'_'.� 3.Appltcatton of Paynients.Unlcss applicable law provides otherwise,all payments rcceived by L�:nder under paragrap s
<br />��'T-`.-��,'� 1 and 2 shull be applied: t`irst,to any prepayment charges due under the Note; second,to umounts payable under parn�raph 2; —
<br /> __- third,to interest due;fourth.to principal due;and last,to any late churges due under the Note.
<br />-� - _-.;=„� 4. Charges; Liens.Borrower shall pay all tazes,assessments, charges,ftnes and impositions attributuble to the Property _
<br /> -=��:;� which may attain prioriry�ver chis Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay ` _- -
<br />-~='�r`'*-'-__ these obligations in thc manner provided i❑ para�raph 2,or if nat paid in that manncr, Borrower shall pay them on time dircc[ly
<br />- � - = ro the person owed payment.Borrower shal l prompdy furnish to Lender all notices of amounts to be paid under this paragraph.
<br />=�a'.'._�� If Borrower makes these payments direcdy. Borcower shall promptly furnish to Lender receipts evidencing the payments.
<br />""''�`��^'°� Borrower shall promptlydischar�e nn,y lien which hati priority over this Security Instrument unless Borrower: (a)agrees in
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<br /> '."'� ++ writing ro the payment of theobligntion secured by the lien in a manner acceptable to L.ender: (b)contests in good faith the lien
<br />��"'�''' �"� by, or defends against enforcement of thc licn in, legat proceeclin�s which in the Lender's opinion opr.ratc to prevent the =
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<br /> "" enforcement of the lien;or (c)secures from�he holder of the lien an agreement satisfactory to Lender subordinating the lien to _
<br />`'- • � � this Security Instn►ment, if Lender detern�i nes that uny pan of the Propeny is subject to a lien which may attuin priority over !_
<br /> ��"� " •` this Security Instrument,Lender may give Borrower a notice identifying the lien.Borrower shall sutisfy the lien or take one or �.
<br /> • h more of the actions set forttx above within 1 Q days of the giving of notice. `�"��
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<br />�-• Form 302H 8�90 �==_==�
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