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<br />-. ��tf': � BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveycd and has the dght to
<br /> •.������ grsu�t and convey the Properey and that the Property is unencumbered. except for encumbrances of record. Borrower ,��
<br /> '' warr�nts and NilldefenA generaliy the title to the Property agalnst all claims end demands, subject to any encumbrances _
<br />- : of record. --
<br /> THIS 5ECURITX INSTRUMENT combines uniform covenante for nAtlonal use nnd non-uniform covenants wlth ,�
<br /> �r•`�°`�`' Ilmited variatinns by judsdlcdon to wnstituto a unlform secudry Instrument covering real property. °
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<br />'�'�� UNIFORM CAVENANTS. Borrower and Lender covenant and agree as follows:
<br />;�_;-""`^�� �, p�y�pwt of Princip�l, lnten�t aad I.ate ClurS�• Borm�'�'er shall pAy when due'the principal of,and interest
<br />=-�� on. the debt evidenced by thc Note and late chazges due under the Note.
<br />--�-- _ �- 2 Montiily paY� of T���� � q}� (�rap. Borrower shall include in each monthly payment,
<br /> together with the principal and interest as set fonh in the Note and any lato charges, a sum for(a) taxes and special
<br /> ��� a.sssssments levied or to be levled agalnst the Property, (b) leaschold payments or ground rents on the Propeny, and
<br />-':t��`�.��• ' (e) prcmiums for insurnnce reyuired under puagraph 4. In any year in which the I..ender must pay a mortgage -
<br />�'�`�:�� ' tnsunna premium to the Secretary uf Housing and Urban Development ("Secretsry"),or in any year in which such
<br /> ��`�'����' premium would have been required if Lender still held the Secudty Instrument, each monthty �ayment shall also
<br /> ,:._�,�.:
<br />_`i'�'�`�Y•;;.� irtclude eithcr: p) a sum for the annual mortgage insurance promium to be paid by Lender to the Sccretary, or (ii) a
<br /> �=�=�'u- monthly charge tnstoad of a mortgage iasurance premium lf this Security lnstnrment is held by the Secretary. ln a
<br />-�;,_,��� r�asonable ammount to be determined by the Secretary. Except for the monthly charge by tY�e Secretary, these itoms
<br /> '°�s'�-'' are called "Escrow Icems" and the sums pald to lxnder sre called "Escrow Funds."
<br />--°`-���f— I.ender may,at any time, collect and hold amounts for Escrow Icems in an aggregate amount not to exceed the �
<br />:.. .�'�+� maximum amount that may be required for Bortower's escrow account under the Real Estate Settlement Procedures
<br />''�;'��.Ja`i�.� Act of 1974,12 U.S.C,$2601 et seg.and implementing regulations, 24 CFR Part 3500,as they may be amended from
<br /> ,:�� time to cime ("RESPA").except that the cushion or roserve pent�icted by RESPA for unanticipatal disbursements or
<br /> ¢"'�`�+�+�� disburseinents before the Borrower's payments are available in the account �nay not be based on arnounts due for the
<br /> -- _ moctgage insurance premit►m.
<br />_T,__.n, lf the amounts held by I.ende� for Escrow Items exceed the amounts pennicted to be held by RESPA, Lender shall
<br />_��� account ta 13orrower for the exass funds as required by RESPA. If the amounts af funds held by Lender at any time
<br /> are not sufficient to pay the Escrow Items whm due, Lender may notify the Bonower and require Borrower to make
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