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<br /> Each of my payments under thls Paragraph 2 wlll be the sum of the following: ��
<br /> ' (i) The estimatcd yearly taxes and assessments on the Property which under the law may �_,
<br /> � bc superfor to this Sccuriry Instrument, divided by the number of scheduled payments �.,
<br /> � in a year; plus� `�-
<br /> '•� (ii) 'The estlmAted yearly leasehold payments or ground rents on thc Properry. lf any,
<br /> ;,. �.�• divided by thc numts�r of scheduled payments in a year; plus, �
<br /> (iii) The estln�ated yearly premium for hazard insurance covenng the Pcoperry, dlvided by
<br /> the number of schaluled payments in a year;plus,
<br /> (iv) The estimated yearly premium for mortgage insurance(if any),divided by the number
<br /> � of scheduled paymente in a year.
<br /> ,; Leader will estimate from tlme to time my yeariy tanes,assesstnents.leasehold payments or
<br /> ! ground rents and insurance �nrnlums, which will be called the "escraw items." Lender will use _
<br /> , � existing assessments and bills and reasonable estimates of future assessments and bills. The
<br /> amounts that I pay to Lender for escrow items under this Paragraph 2 will be called the"Funds."
<br /> , � ��; (B)I.ender's ObUgxdons
<br /> Lender will keep the �nds in a savings or banking insdtudon which has its deposits or
<br />_�.. accounta insured or guaranteed by a federal or state agency. If Leader is such an insdtution,
<br />--'� � : L.ender may hold the Funds. Except as described in this Paragraph 2, Leader will use the Funds to
<br /> ' pay the escrow items. Lender will grve to me� without cbarge,an annual accouating of the Funds.
<br /> 'Chat accounting must sHow all addldons to and deductions from the Funds and the reason for each �
<br /> ,,� � deduction.
<br />- � � �� � Lender may not chazge me for holding or kceping the Funds, for using the F�nds to pay
<br /> ,� ., - ' es�row items, for analyzing my gayments of Funds, or for receiving, verifying aad totaling
<br /> i=� �•�� assessments and bills. However, Lender may charge me for these services ig Lender pays me
<br /> � �.: interest on the Funds and if the law permits Lender to make sucb a charge. I.ender will not be
<br />- � requirod to pay me any intenst or earnings on the Funds unless etther(i)Lender and I agree in
<br />-•��` � �'� wddag, at the hxne I stgn thie Sxurlty Instrument,that Lender will pay interest oa the Funds;or
<br />�'` '''- .. (ii)the law requires Lender to pay interest on the Funds.
<br />��=`;s:� .�.�,..' ' (C) A�ustments to tbe Funds
<br />_ =.�:;°�;;�,,. If I.ender's esHmat�s are too high or If taxes and insurance rates go dowa, the araouats that
<br /> �:�'`;,�� I pay undor tLis Paragraph 2 will be toa largc. If this happens at a time when I am keeping all of
<br /> my promises and agczFUicui�r�ade �t it�is �uni3' In.°lr���� i H'�ll hAVe the rteht to have the
<br />��� excess anaount either promptly npaid to me as a direct refiuid or crcdited to my f�ture scheduled
<br /> __�;n� paynrnents of Funds. There wUl be eacess emounts If� at aay time, the sum of (i) the amount of
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<br /> ---- F�nda which Lender is holding or keeping, plus (ii) the acnount of the schoduled payments of
<br />�-�=:�y�".� Fl�nds which I stiA must pay between that time and the due daus of escrow items is gresur than
<br /> —=�°=a� the anwunt necessary to pay the escrow items when they are due.
<br /> --���� If, when payinents of escrow items are due, Lender hes not received enough Funds to raake
<br /> those payments. I will pay to Lender whatever addltional araouat is necessary to pay the escmw
<br />_—�;�;,,�� ;tems in full. I must pay that addiNonal amount in one or znore payments as Leader may requue.
<br /> _ � When I have paid all of the sums secured, Lender will promptly n�funof an of nts n'�ts
<br /> that an then beiag held by Lender. If, as a result of the exerclse by Le y Sh
<br />---- under tlris Security Inshvment, either Lender acquires the Properry or t�e Property is sold� Wen
<br /> immaliately before the ecqu3aition or sale,Lender will use any Funds which Lender is holding at
<br /> the time to reduce the sums secured.
<br /> BY SIOMNG BELOW, Bonower accepts and agras to the terans and covenants contained in
<br /> tbis Paynaent Rider.
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<br /> �LLY.. .�� � . . . ... .............................. (Seal)
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