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<br /> � 97- ������ ��:
<br /> TOGETFlGR WI'1'H nU thc impr��vcmcnts nuw on c�rcnftcr crected on thc property, �nd all cascmcnts,nppurten,lnces,and ,
<br /> fla�ures now on c�rcnftcr n R�n af thc proper4y. All rcpincemcnts mid additions shall also bc covcrcd by this Securlry
<br /> . I�ismimcnt. All of ihe foregoln�is referrc�i to in this Seci�rity Insrei�ment as the"Property.` �
<br /> DORROWCR COV�NANTS that Bcrcowcr ls lnwfully seised of the estnte hereby conveycd ar�d has thc right to grant and
<br /> convey ti�c Prop=rty nnd tl�nt the Propeny is unencumbered, axcept for encumbr.�nces of record. BoROwer wnrrants ;ind will
<br /> ,;;i defen�l gdnerally tt�e title to the Property against all claims;tnd demands,subject to any encumbrinces of record. '';.
<br /> ' THIS SECURITY INSTRUMENT combines uniform cavenants for national use and non-uniform covenants whh limited t`�'
<br /> �, vnrintions by Jurisdlction to constitute u uniform security instrum:nt covering real property. ?..
<br /> UNIFURM CaV�NANTS. Aotrowcr and l.ender covenant and agrec as foilows:
<br /> � I. Pa ment ut 1'rincl I and Inter�st; Pre '"� "°
<br /> y pa payment and LAte Charges. Borrower shall prompriy pay when due the .;�,;,,,�,�•::;;:
<br /> principal of and intemst on the debt evidenced by the Note and any prepayment aud late charges due +�ndpr the Note. - '-f�,�'='�
<br /> � { Z. FLnds tor Taxes and[asurance. Subject to applicable law or to a written waiver by Lender. Bonower shall pay to �-�'';!.'=°��
<br /> �.cnder an the day monthly paymcnts are due undcr the Note,until che Note is paid in full,a sum("Funds")for:(a)yearly taxes •�'l:
<br /> . ��'��x�.:
<br /> � and assessmPnts which may attuln priority over this Securiry Instn►ment as a liea on the Property;(b)yearly leasehold payments _
<br /> or ground rents on the Property,if auy; (c)�early hazard or property inswaace prcmiums;(d) yearly 800d insurance premiums, ,��',�
<br /> �6 eny;(e)yearly mortgage insurance pmmiwns. if any; and (fl any sums payable by I3orrawer to l.ender, in accordanee with `�' ''
<br /> the provisions of pazagraph 8, in lieu of the payment of mortgage insutance premiums. These items are called "Escrow[teins." • . �?;����
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<br /> Lertder may, at any time, wllect and hold Funds in an amount not to eaceed the maximum amount a lender for a federally � ; �_
<br /> related mongago loaa may require for Borrowe�'s escrow account under the federal Real Estate Settlemeut Prncedures Act of , � �' -°
<br /> 1974 as amended from tlrae to time,12 U.S.C. Section 2601 et seq. ("RESPA"),unless another taw that applies to thc Funds {' a. ��
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<br /> sets �lesser umount. If so, l.ender may,at any time, collect and hold Funds in an amouut not to exceed the lesser amount. •J 'w'; ••
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<br /> Lendtr�sy estimate the amount of Funds due on the basis of current data and reasoc�able estimates of expenditures of futute • ••s•��., .
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<br /> Escrow Ctems or otherwise In uccordaace with applicable law. -���
<br /> • The Funds shall be held in an institution whose deposits are insured by a federal agency, instruraentality, or entiry � o�i-�
<br /> . (includi�g l.ender, if I�nder is such an instimtion)or in any Federal Home Loan Bank. I.ender shall apply ihe Funds to pay the 'g'°
<br /> J Escrow Items. Lender may not oharge Borrower for holdIng and applying the Funds, a�ualfy analyzing the escrow account,or �`�ce�ir�:
<br /> � :=ri��ittg tlt;.:�tm�itet�;;,unless L'cn:cr pays^o-v�;otvci�icicst i,u iuc Fuuiis and app1icaoIe Iaw petmies Lender�o make such ��'�
<br /> a chaxge. However. Lender may require Borrower to pay a one-tlme charge for an independent teal e:tate taa report�ng service � ,��`��.
<br /> , usod by :.ender in wnneetion with tails loan, unless applicable fl�w provides otherwise. Unless an agreement is made or ��;;�
<br /> applicable law requins interest to be paid,Lender shall not be reqin,irrd to pay Borrower any interest or eamings on the Funds. =
<br /> Borrower and Lender may agrce in writiag. however, that interest shall be paid on the Funds. Leader shall give to Borrower, � r:°��r--�—
<br /> '. ���ithout chazge. an ann;�.1 accounting of the Funds, showing credits and debits t�a the Funds and ttie puipose for w}ucL each �`,��-
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