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<br /> �:��`•" UNIFORM COVENANTS. Borcdwer and I.cnder covenant and agree as follows:
<br /> .�i'`'�i`�.; 1, Payment ot Princlpsd and Interest;Prepaymerlond Late Charges. Borrower shall prompdy pay whcn due the _
<br />-:' pdncipal of and interest on the debt evidcnced by the Not.e md any prepayment and late charges due under the N�tc.
<br />-.�f,: ..~ 2, Fbnds[or Taxes andInsurance, Subject to applicable law or�o a wriuen waiver by lf:nder,Borrower shall pay to -
<br /> °�'''•=!� Lcnder on the day monthly payments are due uuder the Noio,until the Note(s paid in full, a sum("Funds") for: (a)yearly
<br /> , •-,�,,,_,y texes and essessments which may attain priority ovcr this Sauriry Instrument as a lien on the Property;(b)yearly lcasehold �_
<br />_y�:�� payrnents or ground rents on the Property, if any; (c)yeuly hazard or property insurance'premiums; (d) yearly flood `
<br /> insurance premiums, if any; (e)yearly mortgage insurana prcmiums, if any;and (� any sums payable by Borrower to
<br /> �-�� 1.ender, in accordance with the provislons of paragraph 8�in L ieu of the payment of mortgage insurance premiums. Tl�ese -
<br /> ?-� - items ere called"Escrow Items." Let►der may,at any tlme.caUect and hold FundR in nn amount not to exceed the maximum
<br /> '••1"t`� emount a lender for a federally related rnortgage loan rtuzy requlre for Bonower's escrow account under the fedaral Reai
<br />-�'-°•y�� � � Estate Settlement Procedures Act of 1974 as amended from time to tlme, 12 U.S.C. � 2601 e�seq, ("RESPA"), unlesa
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<br /> �3�+y� anothor law that applies to the FuuJs sets a lesser axnourzt. If so, Lender may, at any timc,collect and hold Fund� in an �
<br /> _ --- amount not to exceed the lesser amount.Lender may at im�te the unount of Funds due on thr bnal� of current data and
<br /> m-y,f:� reasonable estimates of expenditures of fumre Escrow Itern�or otherwlse in accordance with appNcable Iaw.
<br />-_-- -- The Funda shall be held in an Institution whose depo�lts ue insured by o fcciers�l agency, inetruinentallty, or�ntity
<br /> ����-� (iucluding Ixndcr, if Lender is such�a Instiwtion)or In any Frderal Home Loan Bank. Le:nder shell upply�he Nunds to
<br /> ------ pAy the Escrow Items. L.ender may not chuge Bonower fonc��lding and applying the Funda,annually analyzing thc eacrow
<br /> _;�°� nccount. �r verifying the Escrow Items,unlesa �.ender peye Borrower interest on the Fund�and Applicabie Ipw prrmlts
<br /> _..,�;;'-�,� Lendcr to make such a charge. However,(.xnder may re�ufre 9arrower to pay a one-dme charge fnr s+n Indepe�dent real
<br /> '`=`--=�?"�� estate tax reporting service used by Lendor In connection wl�h this loan,unless applicable Isw providr�athenvise. Uales�an
<br />_,��� agreement is made or appllcable lnw rcqulres Interest ta be p�id,Lender shal l not be required to pay Eiorrower any interest or
<br />_�`_��"�� eamings on the Funds. Borrowcr a�id Lcuder may agree in writing, ho�vever, that intcrest shall be pald on thc Funds.
<br /> Lender shall give to Bottower,withaut chuge, an annual xcounting of the Funds,showing credits end debits to the Funds
<br />__,_,�;�,�� and the purpose for which each debit to the Funds wu rrude. The Funds are pledged as addltional secudty for all sums
<br /> —4 secured by this Sccurity Instrument.
<br /> �:`e� If the Funds held by Lender exceed the amounts pemtitted to be held by applicable law, Lender shall acwunt to
<br /> _•n„��� Bornower for the excess Funds in accordence with the requirernents of applicable law. If the amount of the Funds held by
<br /> __-- = Lender at any tlme is not sufticient to pay the Esctow Iterns when due,Lender may so notify Borrower in wriNng,end,in
<br /> =�"� such case Bonower shall pay to Lender tlie amount necessary to make up the deficiency. Borrower shall make up the
<br />_--- - deGciency in no more than twelve monthly payments,at lender's sole discredon.
<br /> --=__=- L'gcn payr,;cnt ir.fu:l�f:�:sums s�ur�b�hi:��:r�t�lnstrsment,1 pn�irr chall�mmntly refund to Borrower any
<br /> '-- Funde held by Lender. I!F,under paragraph 21,Lender sh all acquire or sell the Property,l.ender,prior to the ucquisition or
<br /> -=—= sele of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit agaiast the sums
<br /> securcd by this Security Instrument.
<br /> ._ — 3. Appllcation of Payments. Unless applicable I�w provides otherwise, all payments received by I.ender under
<br /> �� paragtaphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; sec;ond, to ainounts payable
<br /> ---_= under paragraph 2;third,to interest due;founh,to principal due; and last,to any late chazges due under the Note.
<br /> - 4. C6arges;Y.iens. Borrower shall pay all texes,assessments, chazges, fines and imposidons auributable to the
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