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<br /> . TOQETHER WITH all ihe Improvements now or hereattet erected on the propeRy, and ell eaaements, appurtenances, and . _
<br /> fbcturns now or hereattor e pert of the property.All re�lacomenta and additlons shell elso bo covered by thle Soc�rity Instrument. . _
<br /> All of the foregoln4 Is roferred to In this Securlry Insirument as tho 'Property."
<br /> BORR6YYER COVENANTS Ihal Borrower Is Iswfully solaed ot lhe esteta horeby convoyod ancl hns tho riphl to pranl and
<br /> , conrey the Property and that tho PropeAy Is unencumbered, except fur encumbrancos o1 record Borrower warrants and wlll
<br /> doiend ponerelly the title to tho PropeAy agalnst all cialms and demnnds. subJect to eny encumbrances o1 rocard.
<br /> THIS SECURfTV IN9TRUMENT combines uni}orm covonants lor natlonel uae and non•uni}orm covonant� wlth Iimited �
<br /> varlatlans by Jurlsdlctlon to conslitute a unilorrn security Instrumont covering real property. y
<br /> UNIFORM COVENANTS. Bonower and Lender covenent and egree as followe: �
<br /> 1. Payment of Principa! and Intereet; Prspayment and Lste Charges. Borrower shall promptly pny whr,n ��'
<br /> due the princlpal ol and Interest on the debt evidenced by Ihe Note end any prepayment and la�a charyes dua undar thn Nutv. � •
<br /> 2. Funda for Taxes and Insuranee. SubJect to applicable law or to a written walver by Lender. Borrower shall pay �"-' '�=`�
<br /> � to Lender on the day monthly payments Aru due �nder the Note, until the Note Is pald In iull, a sum ('Funds') for: (a) yearly r
<br /> ' '� taxes and essessments whlch may attaln prlority over thls Securlty Insirument as a Ilen on the Property; (b) yearly leasehold� �`'�
<br /> .��*"�' paymente or ground rents on the Property, ii eny; (c) yearly hazard or property Insurence premlums; (d) yeariy flood Insurance 1� �'-
<br /> ••�• �•'""�' premtums, if any; (e) yearly mortgege insurance premlums, If any; and (� any sums payable by Borrower to Lender In accordance ' :��'��
<br /> with the provislons o} paragraph B, In Ileu o1 the payment ot mortgage Inaurence premmms. These Items ere called 'Escrow� #,a.�
<br /> items." Lender may, at any tlme, collect and hold Funds In an umount not to oxceed thu meximum amount u lender for e -=
<br /> federally related mortgaAe loen may requlre for Borrower's escrow account under the federal Real Estate Settlement Procedures ��
<br /> Act of 1874 es amended irom time to tlme, 12 U.S.C. �2801 et seq. ('RESPA'). unless another law that applles to tha Funda �~
<br /> sets a lesser amount. Ii so, Lender may, at eny tlme, collect and hold Funds in an amount not to exceed the lesser amount. ,'�'-;,,.
<br /> Lender may estimate the amount of Funds due on the basls of current date and reasonable estlmates oi expenditures of future .,.�,
<br /> Eecrow Items or otherwlse In accordance with appllcable iaw. ;
<br /> The Funds shall be held in an Institutlon whose deposits are insured by n foderel agency. Instrumentelity, or entfty (Including
<br /> Lender, If Lender Is such Hn Inst�tutlon) or In eny Federal Home Loan Bank. Lender shall epply the Funds to pay the Escrow �
<br /> Items. Lender may not charge Oorrowor far holding and applying the Funds, ennually analyzing the escrow account, or vedfying �, —
<br /> the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits l.ender to make such a � .
<br /> charge. However, Lender may requlre Borrower to pay a onn-tlme charge tor an Independent real estate tax reporting service
<br /> . used by Lender in connection with this loan, unless applicable law provides otherwlse. Unless en agreement Is mado or
<br /> ; applicable law requfres Interest to be pald, Lender shall not be required to pay Borrower eny fnterest or earnings on th6 Funds. �
<br /> Borrowar and Londer mey agree in writing, however, that interest shell be pald on the Funds. Lender shall give to Bortower,
<br /> without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purposa for whlch each �.
<br /> � �. debit to the Funds was mado. The Funds are pledged as additionai security tor eA sums secured by the 8ecudty Instrument. _
<br /> If the Funds held by Lender exceed the amounts pertnitted to bo held by applicable law, Lender shall account to Borrower
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