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<br /> ^ TOGETHER W1TH ali th°improvements now or hereafter erected oa che propeny,nnd ati easements, apputtenances. and
<br /> fiztures now or hereafter a part of the progerty. All reptacements and additions shall also be cavered by this Security
<br /> lastrument.A11 of the foregaing is referred to in this Secur3ty lustn�ment as the"Property."
<br /> ' BOItFtOWER COVENANT5 that Bonrawer is lawfully seised of the eatate hereby conveyed and has the ri�ht to�ranc and CO
<br /> convey the Properry and that the Property is unencumbered. except for encumbrances of record. Banowar wanant�. and will�
<br /> �•� � defend generally the titie to the Property against all claluis aad demands.subject to any emcumbrances of record.
<br /> THIS SECURITY INSTRUMEN?combines unlform wvenanu for nationsil use and non-uniform covenants wi�limitcd Q •
<br /> variatioas by jurisdic[ion to conscicute a uniform securlty instrument soverin�real property.
<br /> � UNIFORM COVENANTS. Borrower aad l,ender covenant and agree as follows: _
<br /> . �� 1. Payment of Prtnctpal and Interest; Prepaymeat aad Late Charges. Bonower shall prompdy pay whan due the�
<br /> '�� principal of and intens[an the debt evidenced by the Note and any prepaymeat aad late charges due under the Note. :
<br /> :!'�'�? 2. Funds for Taxes and Insueance. Subject to applicable law or to a written waiver by Leader, Borrower shall pay to� �_--
<br /> _ `�"""""�� i.ender on the day monthly payments are due under the Note,until the Note is paid in full.a sum("Funds">for: (a)yearly taxes Q�--'
<br /> �d assessments which may attain priority over this Securiry Instrument as a lisn on the Properry;(b)yearly Icasebotd payuaents
<br /> or ground rencs on the Property. if any;(c)yearly hazard or property insurance premiums;(d)yearly flood insurance preminms,
<br /> • � � if any: (e)yearly mongage insurance preraiums, if any; and(�any sutas payahle by Borrower to Ixnder. la ascordauce with
<br /> = the provlsions of paragraph 8,in lieu of the payment of mortgage insurance premiums.Ttiese items aze calted "Escrow Items."
<br /> " � Lender may, ac eny time, collect aad hold Funds in aa amount not to ezceed the maximum aaioune a leader for a federally
<br />- � nlatal mortgage loan mey requin for Borrower's escrow account under the federal Real Estate Settlement Procedures Act of
<br /> 1974 as amended from time to time, 12 U.S.C.Secdon 2601 et seq.("RFSPA").unless aaother law that applies co the Fuads
<br /> " seu a lesser amount. 1f so, Lender may,at any time. coilecc and hold Funds in an amouat not to exceca�the lesser amoum. �
<br />- ;., �� Lender may esdmate the amount of Funds due on the basis of current data and reasonable estimates of expendiciues of future
<br /> "�;:'''y}:� '� Escrow Items or otl�erwise in accordaace witb applicable law.
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<br />��"�'°�y'"�`� '`� 17�e Fuuds shall.be held 111 8II iDSl14UlIQI1 whose deposits are insured by a federal agency, instrumentaliry, or ent ty
<br /> '{t`'if';�ty,'.` n�:t '•t.
<br /> �+�����;;;,n;;�.•,• ;,; (including Lender. if I.ender is such an insritution)or in any Federal Hame Loan Bank.L.ender shail apply the fiwds to pay the
<br />-.�:;�;+;;_t�,�:;...;�; ' Escrow Items. Leader may not char$e Borrower for hold'u►g and applying the Funds.anuually anal)'zing the escroW'accovnt,or
<br /> _ •��•, verifyiAg the Escrow Items,unless Lender pays Borrower intereat on the Fuads and applicable law permiu Lender to make such
<br />'� �� '' f a charge.However. Lender may:eguire Borrawer to pay a one-cime charBe for aa independent mai esta�e tax repaning service
<br /> Y�.,.',�.•.t used by Lender in �onnection with thls loan, unless applicable law provides otherwise. Unless an�agreement is made or �
<br /> " . . applicable law requires iacerest to be paid, I.ender shall not be required to PaY Borrawer any interest or earnings on the Funds.
<br /> `�"�Y� Borrower and Lxader may agree in wrfting.howcver.that interest shall be paid oa the Funds. Ixnder shali give to Borrower,
<br />-�;�... : ae._....a a.aa.. .,. .w..F.... ��P p���w+r.e for which each
<br />� � . withouc charge.an anauai accounang oi cae runds.SIIt)wlii� i,ic�stw aa+u��.v�w w w� .
<br /> -- . ..� debit co the Funds was made•The Funds are pledged as add�tionai security for all svms secured by this Securiry Insaument.
<br />_,�' � � If the Funds held by Lender excad the amouats permitted to be held by applicable law,Lender shall account to Borrower
<br /> �;�� .- ,c.
<br /> y-_��, for ihe escess Funds in accordaace with�he ce4uirements of applicable 1aw. If the araouru of the Fuada held by Lea er ae any
<br /> ---=_�;,��;,� time is not aufflcient to pay the Fscrow ltems when due.Lender may so nodfy Bortower in writing,and,in such case Borrower —
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