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<br /> 80ItROWER COVENANTS that Barrower ls luwti�lly seised of the estute hereby c�$e'3 an as e to �
<br /> 4` graat nnd convey the Property Artd that thc Propeety !s unencumbered. except for encumbrauces of record. Bonower �
<br /> � ' ' '� wam�nta end wlll defend generally the title to the Property uguiast nll claims aad dernands. aubject to any ettcumbrnnees L
<br /> of record. -
<br /> �`�� TH1S SECURITY INSTRUMENT combines unlfom►covenunts fot nntional use and non-unifann covrnanta �vith `
<br /> , , �,' limited variations by judsdictioa to constlwte n uaifarm security inatcunaent covering renl property. =
<br /> a�,�.�'" UNlFORM COVENANTS. Borrowcr suid i.cndcr covcaaut aad agrcc us fotloers: �
<br /> 's�;�:.'t"=� 1. Paymmt oi Ptindpal. Intereat aad La�e Cbatge. Borrower shnll pay when due the principol of,und interest =
<br /> on.the debt evidenced by the Note aad late cbArges due under the Note. -
<br />',:�; , 2. Mambly Fayment ofTi�us.Ins�tanae, aod 01t�er t�arge�. Baaower sUall include ia euch raonthly payment, �
<br /> „. � � together wlth the prluclpal aad interest es set forth in the Not� end any late cUarges,a sum for(oJ taxes and special -
<br /> . . , �. assessmcnts levied or to be levied agalast the Property,(b)leasehold pnyments or ground renta oa the P[operty, �ttd =
<br /> , '>• (c) Prem{wns for iasurance mquired wtder purngrnph 4. W ru�y year la wb[ch the Lxader must �ray a mort�age _
<br />-- . iasurance pr�emium to the Setretary of Housing and LTrban Oevelopmeat ("Secretary").ot in any year in wWch euch
<br /> : premiwn would have been required tf Lender sWl held the Securlty Insm�meat. each monthly payaient shall also
<br /> � iaclude either: (i)a sura for the annual mortgage insurauce premium w be paid by Lendet to the Secretary.or(ii)a
<br /> � raontbly chatge instesd of a mortgage insurance premium if Wia Securlty Ituttc�ent ia held by the Secretary. in a
<br /> ,'�;... '.:� reasonable amount w be detemsiaed by the Secretary. Futcept for the monthly charge by the Secretary. tliese itetas
<br />= � • are called "Fscmw Items"and the sums paid to I.ender are called 'Escrdw F�ads.°
<br /> ". �" . , Lender may.at auy tlme.coUect and hold emounta for Escrow Itea�in an eggtegate amouat not to exceed the
<br /> ":; :; maximum amount that may be required for Bomower's escrow acoount under tUe Real Estate Se�ttlement Prooedtues
<br /> _ Act of 1974.12 U.S.C.§2601 et seg.and iwpleraentiu� regWatlons. 7A CF(t Fart 3500.as they may be am�ded from �
<br /> `�;;, , time to dme("RESPA").except that the cushion or mserve permittad by RESPA for uaanticipated disbursanents or
<br /> ,:,;;"!x�� ; � disburseoQenrs before the Borrower's payments are available in the acoount auiynot be based oa amounts due for the =
<br /> _`u'li3t; ' raortgaSe iosurance premium.
<br /> If the amounta held by Lender for&crow Icems eaceed the amounts permitted tu bt hdd by RESPA, [�ender shall
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<br />,� , acoount to 8ornower for ttua excess funds as requined by ItESPA. If the amounta of tLada held by Lender at any tis►e
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<br />,-_`.�,�,� are aot suft'ideni w pay the Fscrow Items whea due,Leader may notify t6e Sorrower aad require Borrower w make
<br /> up the shortage as permitted by RESPA.
<br /> _'=�-� The Escrow Funds are plodged as addidonal secudry for all sums secund bythis Security Instmmeat. If Bonower
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