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<br /> 'PQtiliTllEstt WITH ull the lmprovemente now or hereaftcr erecccd on che propeny, and atl cusecncnts, nppurtenances,and
<br /> , I1KU�rea now i�n c�rcaficr n par� af the �roporty. All replacemen[s and additions ahall alsa be covered by this Security
<br /> Ins�rcnttc�►t.AU uY Q►e furc�olnB ie r�ferrcd ta in this Securfq�Inatrument as the"Pro�em•."
<br /> (lt)It[tUWf?R CAV�IVANTS�hnt 8arrawer fs lo�vfully seised of the es�nte hereby conveycd and hac the right to grant and
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<br /> cu►wcy �i�;+ pro�►er►y wid Utiat che Pmpeny is unencumbeted, except for encumbranas of rea�rd. Borrower warrants and will �,
<br /> .� �ief�:nd�;enernlly�Ne tiNe to tho Prop�rty oBainht�11 ci�ims nnd demnnds,subject co cunyencumbrances of record. � �'
<br /> 't'tllti til:t'LIFi1TY INSTttUM�NT combines unifornt covenanta for nntion�l use and nan•uniform covenants wlth limited � �
<br /> � ��nNntlntis hy,i��rindteUun ta rnnadwte n uniform security instrumsnt eovering real property. . � f=
<br /> .� �� UP11Ht��ttM CnV�hAN'CS Boc�•uwer and Lcndce covenant and agrce as follows:
<br /> �. L Pxyment �PL IMncipxl und Interestt P►epnyment und I.�4e Chnr�es.Bartower shall prampdy pay when due che � `°
<br /> ,;;,�;;.:.:'-j prluctpul of and ittmreat un thc deet evtdcnced by the Note fu►d any prepaymeat and latc churges due under che Note.
<br /> ��,.�,,,.r�� a. 6�uttda for'I"uxcs und Insurance. Subjer.t to applicabla la�v or ta a wrltten waiver by Lender,Borrower aball pay co � _
<br /> Lemlcr ut��i.r,day mnnthly pnymente Are due under the Note,unttl thn Note is paid in lull,a sum f"Funds")for:ta)yearly taxes
<br /> unA uqsc�a�nent�s wUlch may Al{AIR pf�Ofily ovet this 5ecurity Iflntrument as a lien on the Properry;(by yeatl�� teasehold payments �.;
<br /> ` ut Ezromld rsnte un 1{tr pwpeny, If ony:lct ycarty huzard or psop�erty insurnnce pretniums:(d)yr,arly flaod insurance premlums. �;:
<br /> � � U nuy; te�yenrly� maetga�tc inaurunae premlums, if aay: and(fl any sums puyable by Borrower ta Lendar. !n accordance with r;
<br /> � �he ptnvl�tliy�te of purngtaph 8, in licu of the pAyment of mortga�e innurance premlurns.T'hese items are called"Fscrow ltems." _
<br /> ,�' l.eu�ier mny, n� uny time. coAect and hoid Furida in an amaattt nat to exceed the meximum amount a tender for a federally
<br /> rclutcd rtu►rtgngc laafl mny �equirP for @onower's escro�v accaunr under the federal Rcal Estate Settlemeat Pcocedur�cs Act of _
<br />- 1074 ay mncncicd from tima to time. 12 t1.S.C. SgCtI0I1 2601 er aeg. ("RESPA"),un�ess another law that applies to chc Funds
<br /> � ni�te n Iesser nmaunt. It sa, Lender may, at nny dma. collecc and hold Funds in ar amaunt nat eo cxceed the lesser amount. -
<br /> lrndct tney cstin►nte che amovnt of Funde dua on the basis of aurrent datn nnd reasona�nle es�natss of expeadimres of i�ture �
<br /> �scrow Itcros or othcrwiae in accoMt�nce with npplicuble law. _
<br /> 7`he Funds aball b¢ ARid in nn irtntitution whose deposlta am inaured by a fedez�l agency, inscrtmirntality, ar entity �..
<br /> �- �--,� ''. ,(including l.ender,lf Lcndsr Is such an inAtitution)or in eny�adaral Home Laan Bank,Lender shall apply the Fuads to pay the °
<br /> � T�T�. �acraw ltems. l.end:r mny nm chargu Bonower for holding and upplyinB the Fw�ds.uiauaily analyzing the escrow account. or
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<br />__-;,Z��»�, verifying the Esctow Itema,unlesa I.cnder puys Bocrower iaterear on chn Funds aad applicable law parcni�a Leader to make such
<br />� �,;,,; a cherQc.Hotvcver. Lcndcr mny require Borcower to pay u one•cima chnrge fnr an independent teal estare tax rcporting servlce
<br />-�'' ��' uecd hy Lcndcr in eonnecdon with thla lonn. uniesa applicablo Iaw provides othernlse. Unless an agree�aent is made or
<br /> ' `_�;,�,-�> oprdlcable law rcyulres Intercat to be pnld.l.ender shNl not be requirrd ro pay Borrower any i�teresc or carnings on the Funds.
<br /> �.''---.��;,�� Borrowct wtd Lcndcr moy agtee fn wrtting,howover, thot intaraet ahull be paid on ide Funds.Lender shall give to Borrower,
<br />������ wiihaut cUnrge. en unnuat nccountinQ of tho Fuads, showing cr�adice� and debiis co the Funds an�tbe�+utpose for which each
<br /> ,.,�;=ti y.=:�� debii ro thc Funds wax made.TAs Fut►d�tue pledged ax addiaonni sccurity for nII suaiu s��tt b3�this�urity Insstusstens•
<br /> T��'_"���� (f thr Fund�I�eld by l.end�tr excced tho nmounts permfcusd eo be hold by applicabie Inw, I.ender she11 account to Borrower
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<br /> --l-=� for tNe excoas Funde in arcotdance with the requirementa of applieable law. If the amount of che Funds held by Lende�ai any
<br /> = tlme IR not eufslclent to pay the Escrow Itema when due,l.endcr may so nottfy Borrower in wricWg,and,in such case Borrower
<br /> v;,:_��.� ehali pa�•to Lender the amount neceasary co rtenke up die dofiaionny. Boaower ahatl make up the deflctency ia ao more than
<br />-----�� nvelvc rtum!'�!y payments. oe Lcndcr's sole dtscretfon.
<br /> ��-- _— Upo�p�ymcnt tn fuli o4 ull eun�s acoured by �his Secu�ty lpsstrument, Lensler snxll promptly refund to Borrower tu►y
<br /> ____�*,� Funda h�ld by Lcnder.lf. undcr peragreph 21. Lendar shull���quirt or sall the Propeny, Lensle�,prlor to thc acquisitioa or salo
<br /> ~._�.,n�.� of the Proporty,eh�ll apply eny Funds hald by l.ender nt tho timo of acquisition or sale as a crod�t ag�inst th�sums saured by
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