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<br /> • - UItiIFQ�1f,1 COVENANTS. Bortower and Ix�der oovenaut aad agree as follows: , .
<br /> 1�.P�naa►t af Ptinagal and Enterest;Ptepaymeat aud Late Charges• Borrower shali pr4mptiy pay when due the � .
<br /> principa4�nf and,interest oa the de3�i evideuced by the Note and aay prepayment and late char�es due under the Note. _ __..._ ., ._ .
<br /> Zf FLads Por Tases and�Ynsuraace. Subject tn applicnbie law or to a wriuen waiver by Lender. Boirower shall pay _ .
<br /> tQ�Leuder an the day wonthly gayment are due uuder tt�Note.unN the Note is paid in fuU,a sum(°Fuads")for. (a) Y�Y :�---`-- :
<br /> . . raxes and assessments which may attain priority over this Security Ins�°nt as a lien on the Property: �(b) Yearly leasehold : � . .
<br /> � payments or ground rents on the pmperty,if az►y;(c)YeulY har�rd or pmperty insataace pr�eaaiums; (d)Yearly tIaod wsvraace '"�; . -
<br /> �` premiwms. if a�+•(e) Y��3'��Se ins�uance pceaniums. if auy:and tfl any sums payable by Bacrower to Lender. �n• ,
<br /> .:..:..:.:.::�:' . acav�nnce a�ith the provisioas of paragraph S.in lieu of the payment'of mortgage ins�uaace premiums. 'Ihese it�ems are called -. ' _._�.-:
<br /> , „f, :, "E��Ytems_" Leader may,at any time,collect and hald Fands in an amount aot co exceed the maximam amonnt a leader ,:' �_" - "^'''�:_�::.
<br /> • . far a�ederalty related mortgage toan may�quice Yor Batsow�'s esavw acc�unt uader the federai Real Estate S�tlemeut �.—`-�-_�.:-
<br /> � Prua�nres Act of 19T4 as amended fcom tirae to time. 12 U.S.C.Section 2601 et seq. (°RESFA°),�3ess�other Iaw that � ;�=�
<br /> appli�co the Fimds sets a lesser amount. If�r.I.ender may,at any time.collect and hold F�,in an amoimt not to exceed ' . '..'__
<br /> �r�r��, �� �.g�te thc amouat of Fnads due on the 6asis of ccrceat data aad reasonable estimates of � • . S 4,�.�:
<br /> . ex���res of future Escmw r.��ns or othecwise in accoidance with appHcable la�e. i '..:.-. ` :;.--;�°
<br /> � - . p. ._ _. �....:
<br /> The Fnnds sha116e�x..,a�a� ia an institwion whose deposits are insured b3� �',�ai ageacy,mstrum�t}r. or entity .;:;�,:;^;t�.:�-
<br /> ' _ (a�L�g Leader.if lxnder i�s:xh aa insdtution) or ia aay Federai Home Loaa .�. .[.ender shall appiy the Fuads to pay :•-
<br /> � � the�sc.+vw Ite�a.a l�eader iaay aot cbazge Borrower for holding and a�:��g the Fu�..s,annuaity aaalyzing the escrow aocouat. �
<br /> or ti�ezify-ingth.e�'��s�.w icems.unless I.endet pays Bomnwer interest c*a e���uads and applicabi�L�-.:,permits L�der to a�alte. �---'-
<br /> - . . : sucti a,ctzarge. ���ver,L'�;s may requiie Barmwer to pay a one t�:.harge for an indepeQ�real estate,tax r+epor�. '�
<br /> ' � ser�.r�;:sed by.Leader in mia�ttxion with this losn.unless appltcab2e ta�v provides otherwise. Uatess an a� is m�e .��;;�.�'-
<br /> - -'� or ble law i�t to be ud.Lender shall not be ta pay Bormwer an interest or�,urgs ost the � '`�'��'�
<br /> � � Fvs�Bo�uwer�a�d�Lead��ay agceepin arlting.however.that �sHall 8e paid on the Faads. I.ea��s�a11 gin+e to - ^-�-�+.?'"`�
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<br /> � , $arrc�a�er.with4r.�G3fge,an annual accountiag of the Funds,showing credits and debits to ttie Funds and the pucpose for wluch _ �-} !`s�
<br /> � . each debit to tI��ads was made. The Funds ate gledged as ad�iiional secutiq+ for all sums seaued by this Security =' -��.
<br /> . tnn,.:.�T. . . : ..�:�?�i
<br /> if the Fun4s held by lxnder exceed the amountg pem�itte� co�e keld br.aPPlicab2e law,Leader s��ccoani to ::;�'
<br /> • � Bosrr� for tpe excess Fuads in acoordance wbth the r�uir+�m.nLs c��alicabl�:c��. If the amount of the 1Fmr,�.'r�hCId_by :;_ --'-
<br /> - ' �• Lender aa any tza:is not s�'icient to pay the Escrow Items whea du�fi ,�' maF so�tify Bormwer in writira�,a�3,in such '�. '<_: '�i--.
<br /> � case Borroweg sL*a'�:pay to lxades the amouat necessary w make up t'���ciency. Borrower shall make up t�a':.::�:ic:�cs?�iiu ':��_---
<br /> � no more thaz.:�a`�:monthly payments.at Leader's sole discretion. . ; . . •�: � . . --
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<br /> . Up�n•.1�sr,�ent in full of all sums secured by this Securiry i��.*u�ireat, Lender shaU Pmm�r,��?�md[o Borr�F��:� . . �'°�`
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<br /> . � ' .. Fuads�neld,by�F:�der. If,under parag,raph 21.Lender shaU acquire br sell the P�ropetty, l.ender.prmr to the�sztro��,°r • �
<br /> � � sale af the Pmpecty,shall apply any Fuads held b I.ee�:at the time of acquisition or sale as a credit dz�s�seeured �.''-J
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<br /> � by�*i5�5eCnrity Instiumeut.
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