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<br /> � . , �� . TO(3E'THBR WITH a11 tha i�a�mvementa naw or herca(ter erected on the property.and all easements,aPPurtenaace�,and -
<br /> --. fiaturev nnw �r h�rreaRer a part of the prnperty. AU rePlacements and additions ahaU also be cavered by this Securiry �:
<br /> . ...�.--- , Instn�ment.All of the foregoiag is referred to i�this Securiry Insaument as the"Proporty." [
<br /> � BORROWBR COVBNANTS thet Borrower ia lawfully seised of the estate hereby conveyed and has the dght to grant and E
<br /> convey the Property and thnt the Pp+operty is unencumhered,eacept for encumbrances of record. Borrower warcants and will �
<br /> "; defead genereUy the title to the Pcoperty against aU claims and demanda,subject to any encumbrances of record. '�
<br /> THIS SECURITY INSTRUMBNT comb�nes uniform o�venants for natioaal use and aon-uniform coveaanta with limited =
<br /> # varlatlons by jurisdicdon to coastituu a uniform security inawmeat oovertng real pmperty.
<br /> � UIJIFORM COVBNANTS.Bomower and L.ender coveaaat and agree os follows:
<br /> ° 1. Payment ot Frr[qdpal and tnt�nsti Prepa3+meaat and Y.ate Charges. Borrower ehnll promptiy pay whcn due the �
<br /> ;�� prtadpal of and Iaterest on the debt evidenced by the Note aud any prepayment and late charges due under the Note.
<br /> �^�-°"� 2, Fuads for�`exes and Insurance.SubJect to applieable law or to a written weiver by Ixnder.Bocrower shaU pay to
<br /> ` � Lsader on the day montbly payments are due under the Note,undl the Note is paid ia full,a sum("Funds")for:(a)Yearly taxes
<br /> t and assessments wbich may attain priorlty over this Securfity I�suument as a lien on the Property;(b)yearly leasehold paymenta -
<br /> �� � or gtnund renta on tha Property.if any:(o)Yearly hazazd or property insurance premiums:(d)Yearly Aood inauraace premiums,
<br />- '� if aay;(e)Yeaziy mortgege insurance premiums, if any: and(�anY sums payable by Borrower to L.ender.ia accardaace with
<br /> . x� the pmvisions of paragtaph 8.in lieu of the payment of matgage inaurance premiums.'1'hese items are called "Escmw Items.' -
<br /> � '' ar Ixader may� at any time, collect aad hold Funds in aa amouat aot to excced the maximum amount a lender for a federaLy =
<br /> ;:iti . ; Y,elated mortgage loan may mc�uire for Borrower's eserow axouat under the federal Real Estate Settlement Procedures Act of
<br /> . ::`r` . 1974�s ameaded from time to dme, 12 U.S.C.5eaion 2601 et seq. ("RESPA"),unless aaother law tbat applies to the F�nds
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<br /> • seta a lesser amount. If so. Lender maY.at aaY time. c�ua� a�d hold Fuads in an amount not to e�cceed the lesser amount.
<br /> �- I.eader may eatimate the araouat of Funds due on the basL of eurceat data aad reasonable estimates of e�cpenditures of ffitute
<br /> „ Escmw Items or otherwiys�n accordance with applicable 1aw. _
<br />-.;,4�'x�. The ganda shait be held in an iasdtudoa ahose ckposits are insured by a federal agency, insaume�ntality, or eatity =
<br /> ,. „ (including Lender�if I,ender is such an institudon)or in aay Aedexal Horae Loan Bank.I,ender shaU apply the Funds to pay the
<br />= E�r,,:::� Esct+oa Items.d.�ader mt�Y not charge Barrower for halding aad applying the FY�nda.annually ant�yzing the escmw account.or
<br /> verifying the�scrow Items,nnless Ixnder pays Bomower interest on the Funds and epplicable la�v.permits Leader to miake such _
<br />-,;:=,:. ' a charge.Howev�r.E�eader may reqnire Borrower to pay a oae�time charge for an independent mal estate tax reportin�service _
<br /> :�.. . �cd by I.ender in oonneedon with this loan, unless appllcable law pmvides othecaise. UWess an agceement is made or -
<br /> =�"� t .{'"� apPlicable Iaw requires interest to be paid.Lender shall aot be required to pay Borrower any interest or eamings on the Funds.
<br />� '''•'- Borrower ana{Lender may agca in arlting,however. that Interest ahall be paid on the Funds.Lender ahall give ta Barrower,
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<br />�:�,;�,.;:',.fr�' tivithout chargo, an aanua! accowuing of the Fuads,showln8 credits and debits w the F�nds aud the pwlwse for ahich each
<br /> -i,?T,' ""' : .deliit w the Fuads was made.The Funds are pledged as ad'didonal securlry for all sums secured by tl�is Secudty Insm�ment.
<br />;;��:+'►`��"''�'!5t� , If the Funds held by Lender excced the amounts per�Nted to be luld by appllcable Iaw.Lender shai�aocouni�o Hv�i
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<br />�1�j�:,�� for the ezcess gunda in a�rdance with the requirementa ot applicable law. If the aiaouat of the Funda held by I.ender at a�►y -
<br /> J�'r'�!;��,-���,. tlffie is not su�deat to pay the Fscrow Items when due� I.ader may so aotitjr Borrower in writin�,and.in suah caso Born�wer
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<br /> , .��� shall pay to L,ender the amovat necxssary to make up the deRcioncy. Horrower ahall make up the deRciency in no mtor� un
<br />�,�,. taelve montWy payments.at Leuder's sola discretion. .
<br />�::, +g�"' Upon paymeLt in fiill of all sums sxural hy this Sxuriry Iasuument, L�ender shell pmmptly reibnd to Boaawer a�r
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<br /> �-----•:.,.,, . Puads held by I.ender.lf�under paragcaph 21.Lender shall aequire or sell the Property,Lender.Prlor to t�e acx�uisidon or sale
<br />'-°'�^��' of the Property.sbsll apply any Funds held by I.ender at the time of acquisidoa or sale as a credit againse the sums sequred bY
<br /> �3��---�, this Secudty Insuvmcnt.
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<br />-�=-�.�.;�k,� 3.AppUcattoa of Peymems.UWess applicable law pcovides othenwlse.aU paymeats rereived by Lender undei paragrapbs
<br /> �=8� 1 and 2 shali be appliod:first�to any prepayment ctearges�e uader tha Note;secoad.to amounts payable unda paragaph 2;
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