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<br /> TOGF.'fHER WITH ull thc impravemcnts nnw orh�reaRcrerectcd on the pruperty. and :dl caticmrnt,,uppunenancc�, und _
<br /> . fixturex now �ir hercaftcr a pi�rt of thr pruFxrry. All rcplurcments und additiom shuU ul+u bc cuvcred hy thi, 5crurity
<br /> Instrununt.All ��f the fnreguing is referred tii in thi+ Sccu riiy I n,trument as the "Pruperty."
<br /> BORROIYER COVENANTS thut Hurruwcr is luwfu Ily.�iscd of thc c+tatc hcrchy ci�nv�ycJ and hati thc righi tu Erunt�md
<br /> runvcy thc Propcny und that thc Property i, uncncumb�rcd, rxcrpt fnr rnrumhranrc� nf rcrord. Bnrruwcr warr.uu� �md wiU r
<br /> .,f,_,,�;�� defend generally d�e tide tc�the Pruperty uguinst ull cluiniti and demunds.+ub�ect to any cnrumhrnnrr,ut rerur�l.
<br /> TNIS SECURITY INSTRUMENT am�bineti m�ifor�ncovcnunts for natiom►1 u.c and nim-unili�rm ruvcnunts witb limitcd _
<br /> vuriutions by jurisdictinn to cunstitutc a unif��rm,ccurity i n�irument covcring rcal property. �
<br /> -Q�1N0"� UNIFORM COVENANTS. Borrowcr und Lcnderc���•cnum and ugrec us fullc�w,: _
<br /> � � L Puyment of Principal und Inter�t: Prepuyms:nt and Lnte Chur�es. Borro�ver ,h�ill promptly p•ry wh�n du4 thc �
<br /> princip:�l of and interest on the debt eviderned Uy the Notc�nd uny prepayment und lute chxrge.r due under the Nixe. �
<br /> Z. Funds fur'faxes und Insurance. Suhject tu applicable law or ta a writtcn waiver hy lancler, Borruwer shall puy w �
<br /> � Lender on thc day monthly paymcnts urc due undcr thc Noic,until the Notc is paid in full,u tium l"Funds"1 for. (a) yearty taxes �
<br />_ und�.ssessments which muy attuin priority over this Security Instrument as a licn un thc Property: (b)yeurly IcaschoW payments
<br /> or gmund rents un the Property.iP any:(c)ywrly h:uard orproperty insurance premiums:(dl yearly flucxl insurance premiums.
<br />,�.. ' if uny: (e)yearly mortguge insurAnce premiums, if any; and (tl any sumx payable by Borrowcr to L.endcr, in accordancc with �
<br /> the provisions of par;�graph 8, in licu of the payment ot rnort�agc insurance premiums. These items urc called "Escrow Itcros."
<br /> � ' • Lender mny, ut any time. cullect und hnld Funds in an amount nut ta excced the maximum amoune a tender for u federally
<br /> � relateci mortgage loan muy require for Borrower's escro�v account under the federal Real Estate 3etdement Procedures Ac:t of
<br /> ' � `'"`�` 1974 as amended from time to time, 12 U.S.C. Section 2601 er seg. ("RESPA"), unlcss another luw that applics to the Funds
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<br /> - sets a lesser umaunt. If so, l,ender may, at uny time,collect �nd hold Funds in an amount not to exceed the Icsser amount. _
<br />�', ��-`_'�•`,1" Lender may esti�iatc the amount of Funds due on the b:�sis of curXent datu und reasonable estimatcs of exp�:ndiwres of futurc _
<br /> Escrow Items or othenvise in nccordunce with applicu6le Irw. —
<br />- �' " The Funds shall be held in an institution whose Jcposits are insurecl by a fedcral agency, instrumcntality, or entity
<br /> ' (includin�Lender,if I.endcr is such un institution)or in any Federal Homc Loan Bank. L.ender shall upply the Funds to pay thc
<br /> - � Facrow Items. L.ender may not charge Borrower for hald ing and applying the Funds,unnually analyzing the escrow accaunt,or
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<br />- •'"'',�;� verifying ihe 6scrow Items,unless Lender pays Borrawer imerest on the Funds and upplicable law pemiits Lender to make such
<br />__��,,,,;;�.: , a charge. However, Lender may require Borrower tc�puy aone•time charge for an independent real estate tax reporting service
<br /> ' u�,•t{ �,y (F�rl�r in cnnnection with this loan, unless aDDlicable law provides otherwisc. Unless an agreemcnt is mude or
<br />�.�;.:y� applicnble law requires interest to be paid, Lender shall nolbe requireci to pay Borrower any interest or earningson the Funds.
<br />=es�!'�.:':-: Bonower and Lender may agrec in writing, howevcr,tt�at interest shall be paid on the Funds, Lcndcr shall givc ta Borrower.
<br />�.`�',:4��`�r;` without charge, an annual accounting of the Funds, shc�wing credits and debits to the Funds nnd the purpose for which each
<br /> -:._�,_w��,..� debit to the Funds was mude.The Funds are pledged as tedditional securiry for all sums s�:cured by this Seeurity Instrument.
<br />'���";"��f�� If the Funds held by Lender excced thc amounts pern�itted to be held by upplicable law, Lender shall account to Borrower
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<br /> --'"` for the excess Funds in accordance with the requirements of applicable law. If the Amount of the Funds held bv Lender at any
<br /> v fi�,�� time is not sufficient to pay the Escrow hems when due, Lender may so notify Borrower in writing.and, in such cuse Borrower
<br /> '�!•'��±��-'� � shall pay to L.ender the amount nece�sary to make up thedeficiency. Bonower shall muke up the deficiency in no more than
<br /> ��--�•—�� twelve monthly payments,at[.cnder's sole discrecion.
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<br /> Upon payment in full of all sums secured by thi�Security Instrument, Lender shull promptly refund to Burrower any
<br />����a� Funds hetd by [.endcr.If,under parugr,tph 21, l.ender stiall uequirc or sell th�Property, l.ender, prior to the acquisition or sule
<br />�.f„��� of the Property. shall apply any Funds held by Lcnder at Ihe timc of ucquisition or sale as a crcdit aguinst the sums secured by •
<br /> _-��� this Securiry Instrumcnt.
<br /> _.�_ = 3. Appl[cation of Payments. Unless applicablc Ixw provides otherwise, all payments received by Lender under paragraphs
<br /> --==-:�� 1 and Z shall be appli�l: first, to any prepayment char�;es due under the Note; secnnd, to amounts puyable under para�raph 2;
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