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<br /> TOG�STI�R W1TH all the improvements now or hereafter erectecl on Ihe property,and all easements,appurienances,ancl i � -
<br /> � Cucwres now or hereafter a part of the property.All replACCments and addItions shall also bc covcrcd by this Security Insirumcnt. f . . " °
<br /> All nf 1hc foregoing ia refcrred to in this Sccurity Instrumcnt as thc"Property." °
<br /> BORROWBK COVENANTS that Borrowcr is lawfully .eised of thc estate hercby conveyed ond hos thc dght to grant and � � °
<br /> r. convey the Property snd that the Propeny is unencumbererl,except for encumbrances of record. Bonower �varrants and wili • '
<br /> � defend gencrally she utle w the Property against all claims and dcmands.subject to any encumbranccs of rcc,ord.
<br /> THIS SECIJRITY INS'Y'RiJIyIDNT combincs unifom� covcnants for national use and non-uniform covcnants with limited -
<br /> variadons by jurisdictio�w constitutc a unifarm sccunty instrument wvcring rcal property. , -••
<br /> UNIFORM COVENANTS.Borrower and I.ender covena�t and agree as follows: .. �;X,.,
<br /> 1.Payment of Principal and Interest;PrepAyment and 4ate Charge,v. Borrower shall promptly pay when duc thn �'��'z.i,„j_
<br /> principal of and interest on the debt evidenced by the Note an�any prepayment and late ch�ges duo under the Note. ' '=r��°�=-°
<br /> 2.Fuads for Tx�cs and Insurance. Subject to applicable law ox ro a written waiver by Lender, Borrower shall pay tn "„ `".;":���;��:.,,
<br /> Lcnder on the day monthly paymants are due under the Note,unW the Noiz is paid in fuU,a sum("Fhnds")for:(a)ycarly taxes � ��'�'�b�}:;'�;.,��.:--
<br /> � and assessments whkh may apaico priority over this Security Insuument t�a lien on the Propetty;(b)yearly leaseltold payment� � •
<br /> � or ground rents on thePraperty,if any;(c)yearly fia7ard or gmperty insurance premiums;(d)yearly flaod Insurance�remiums,if , ____ __
<br /> any; (e) yearly mortgage insurar►ce premiums, if any;and(�any sums pAyable by Boirower to Lender,in accordz��ce with thn =--=--
<br /> provisions of paragrapt� 8, in Geu of the payment of mortgaga insurance premiums. These items are called "Escro�v Items." _ -
<br /> � Lender may,at any pme,collect and hold Funds in an emount not to exceed the maximum amaunt a lender for a federrilly related ��.'--
<br /> ' ,, ; mortgage loan may roquire for Borrower's escrow account under the federal Real Fstate Settlement Proccdures Act of 1974 as . '���.•'�.��-.�•
<br /> � amended from dme w time, 12 U.�.C.Secdon 2601 et seq. ("4tESPA"),unless another law that applies w the Funds scts a lesser .;.,-,;: �'-
<br /> . amount. ff so. Lende�may, at nny timme, collect and hold FY�nds in an amount not to excced tha lesser amounG L,ender mRy '�:;:`.��,f'`4:�
<br /> � . cstimate the amaunt of Funds due on the basis of cutrent data and reasonable estimat;es of cxpendiwres of future Escrow It�ems ar .�..�
<br /> •� ! oilterwise in accordance with applicable law. ����=,
<br /> �' The Fnnds shail be held in a�i insatudon whosc deposits are insumd by a federal sgeacy,instrumentality,or endty(including `�"'�. ����
<br /> -��• �r , Lender,if Lender is auch an iustitudon)or in any Federal Home Loan Bank.Lender shall apply thc Funds w Pay the Escrow ' �:
<br /> __ Items.Lender mny not ct�arqe Borrower for holding and applyinA the Funds,annuaUy analyzinR tha escrow eccouna,or veritvina ���
<br /> , the Escrow Items,anless Lender pays Borrower inurest on the�unds and appDc,able law permits Lender to make such a charge. ''
<br /> �', However.Lendet may requi�re Borrower to pzy a one-time charge for s�n independent real estato tax reporting service used 6y }� �z, ''
<br /> I.ender in connection with this loan,unless applicable law provides otherwise.Unless an agreement is made or applicable Inw -
<br /> • t requires interest to &paid,L�ender shall not be required w pay Dorrower eny intcrest or eaminga on the Funds.Borrower ui�� ` u
<br /> ^�' Lender may agree rn wridng,however.that interest shaU be paid on the Funds.Lender sh�li give w Bomower,without charge,�n ��'.�••„,
<br /> �`;��� , ennua]accoundng of�he Funds,showtng credits and debits to the Funds and tlie purpose for which each debit to the Funds was
<br /> made.'ihe Funds are pledged as addidonal securary for all sums secured by this Securlty InstrumenG ' '
<br /> If the k'unds heEd by Lender exceed the amounts permiuecD w be held by applicable Is�w,Lender shnll account to Borrower fmr
<br /> " the eaccess Funds in aocordence witd�the requIrements of applicable law.If the amount of tho Funds held by Lender rzt nny wne is � �.
<br /> not sufficient to pay Uia Bscrow Items when due,I.ender may so noti�y Borrower in writing,and,in such case Borrower ahall pAy �—
<br /> " w Lcndu the amount nxessary to make up the de�ciency. Borrower shall make up tho deficiency in no mocc �han twelv� ��-�``'�
<br /> ., monthly payments.at Lender's sole discredon. �:
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<br /> �°• '.. .-� Upon payment in f�sll of all sums secured by this Security Instrument,I.Ender shall pmmptly refund co Bormwcr�ny Funds -
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<br /> ' held by I.ender.If. wder paragraph 21,Lender shall acquire or sell tho Propetty.Lender,prior to aho acquisidon or sale of U�a E
<br /> ; Prope,rty,shall apply arty Funds held by Lender at the time of acquisl�on or salz as n sredit against the sums securcd by U�is ����.
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<br /> � .. Security Inswmen� �-_
<br /> ?•: 3.App�ieation mf Piryments. CJnless applicable law provides otherwise,all payments recoived by Lender under paragaphs ��F'�=� __.______
<br /> . 1 and 2 shall be appGecl:first,co any prepayment chazges due under the No2e;second,to amounte puyablc under ptuagrnph 2; --
<br /> ,: t�ird,to intcrost due:tourth,co principal due;and last,w any late charges due under the Note. - __
<br /> , 4.Ch�trgesi Ltiens. Borrower shall pay all taxes,assessments,charges, fines and impositioru�aqributabla to the Property - _
<br /> . which may atrain priaity over this Securlty Instmment,and 9e�sehold payments or ground rents.if xny.Bo�rowcr shall pay these =-
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