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<br /> � .. . .TOCiHTH�R WiTH all che Improvemente now or hereufter erected on the property,und ull easementa,appurtanancea.and �_
<br /> �� ' flxtures now or hereafter n part of the property. All repincemente and additions ahull ulso be covered by this Sccurtty ��--
<br /> ,. �, '. `,,. Instruraent. AU of the foragoing!s referred to In thia Security Instrument ns the"Properry."
<br /> : BORROWER COVENANTS that Borrawer is luwttilly seised of the estate hereby conveyed and haa the rlBht to �n►nt and 'i�
<br /> convuy the Properry und thnt the Property is unencumbered.except for encumbrunces of record.Bonower wanunts nnd will �:�
<br /> ' defcnd aenerally the title to the Propeny ngainst aU claime und demnnds,aubJect ta any encumbrnnces of rewrd.
<br /> � - TH1S SECUpi1TY 1N5TRUIVIP.NT combines uniform covenants for nation�l use and non-unlform covenants wlth limlted �;
<br /> �,� varlatlons by jurisdiction to constltute a uniform eecuriry instrument covedng reai propecry. ' -
<br /> � � UNIFORM COVBNANTS.Borrower and Lender covenant and ngrea ns follows: ---
<br /> �� 1. Puymetat of Princt�pal nnd Iaterestt 1h'epayment and Late Chnrgcs. Bonower shall promptly pay when due the �'
<br /> ����^"�' principat of and interest on the debt evideaced by the Note and any prepayment and lat4 charges due undor the Note. --
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<br /> �. � 2.Funds for Toxes und Insurnnce. Subject to upplicable law or ta n written waiver by Lender. Bonower ehall pay to .
<br /> , Lender oa the dsiy monthly p�yments are dus under the Note.unttl the Notc la pald ia tt�ll. a sum('Funds°)for:(a)yearly tuxes __
<br /> � and assessments which may attaia prlorlty over this Securlry Inatc�aaent as a lien on the Proper[y;@)Yearly IeASehotd paymeats =
<br /> , � or ground rents on the Property,tf any;(c)yeurly hazacd or property�nsurunce preuilums: (d)yearly flood inaurauce premiums. _
<br /> � ., � if eny: (e)yearly mortgage insucance precNums, if any;aad t�+�Y sums payable by Borrower to L,ender.in accordance with
<br /> •' the provlsioas of paragcaph 8. ta lieu of the payment of mortgago insurancc premiums.These items are calletl"Eocrow Itdaas."
<br /> " �S. I.onder may, at any tlme. collect aad hold Funds ia an amount noi to exceed tbe maximum amount a lender for u federntly
<br />: �� celated mortgage loan may requlre for Borrower a escrow account undar the federal Real Estace Settlement Procedurea Act of _
<br /> :� 1974 as bmended fmm tline to ttme, 12 U.S.C.Section 2601 et seq.("RESPA"),unless another law that applies to the Fwtds _
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<br /> � , seta a lesser amount. If so, I.ender may. at any dma. collect aad hold Funds in azt amouat not to exceed the lesser amount.
<br /> ,c�. L,ender may estimnte the amount of Funds due on the basis of curaen:data aad reasonable estimates of expendItures of future
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<br /> :;et .: Escrow Items or ot�erwlse itt accordunce�vlth applicable law. _-
<br />"." , '��s�f Tbe bl�nds shall be held in a� institution whose deposits are insured by a fedesal agaacy. Instrumentality. or eadty
<br /> � (�acluding Leader,if Lender is auch aa institution)or in any Federal Hon�o Loan Banlc.L.ender sdall apply the Funds Yo pay the F
<br /> ' � Escrow Itema. Lender m�y uot charge Borrower for boldin$and applyln�the Funds,anauaily analyzing We escrow accouat,or .
<br />- ' verifying the F3scrow Icems,unless Lcnder pays Borrower incerest on the Funds and npplicable law permits Lender ta make such __
<br /> � ` a charge.�,Towever. i.ender may requlre Borrower to pay a one-dme cbarIIe for an iadepeadent real estate tax repocting servlce -
<br /> �, ''j used by Lender ia cona�ctton with thia loan, ualesa applIcable law provides othenvise. Udess an agreement is mudo or
<br />;;.`„-...� +�� applicable 1aw requires intemst to be paid,Lender shall nut be requiced to pay Borrower any lntcrest or eara�gs on the F�wda.
<br />-,,,;;,,�pY�. Sartnw�t'autt I.ander may xgzee�t Y'rlting.howeYer,�hat interest sha11 ba paid oa tbe Funds. Lender sha11 $ive ta Borrower,
<br /> ::;���.. ��� without chacga. aa anuutil accountin�of tbe Funds. showing credits and debita to the Funde and tha pu:pasa for which each _
<br /> '`'-'�`� '' debit to the Funds was made.Tbe Fuads are pledged as addidonal security for atl suma sec�red by this Securiry Instrument. _
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<br />�.�:; ?;4� If th�Funds held by Lender exceed tbe amounts permitted to be beld by applicable law�L.ender shall account to Barrower
<br /> -:,�.fi��t for the excYSS Funds in acoordaace wi�d the reQnicements of applicable law. If the amount of the�uada held by I.endar At any
<br /> -�-`r � tlme is not sufflcieat to pay the Escraw Itema when due,J.en der may so noti f y Bomower in writing. ond.in auch cose Bortower
<br /> ��;���`� shaU pay to I.ender the amount aece.gsary to malce up the deficiency.Botrower shull make up the deficiency W no more thou
<br />��'k47E+�' twelve mnnthly paymeats.at Lender's sole discredon.
<br /> --:==+�� Upan paymeat !n t1�U of All swua secw�ed by this Securiry Iasuumeat. Lender shall promptly cefluid to Bonrower any
<br />��='�'�'�"°�'� Fuads held by Leader.If,under paragraph Li.Lender shall acquire ot sell the Properry. Lender,prior to the acquisition or sele
<br />�:-� 08 the Property.ahall appiy any Funda held by Lender at the time ot acqulsition or sale as a credtt agatust the swns secured by
<br /> ---�- this Securiry Instn�ment.
<br /> -- 3.Applicntton of�byments.Unleso epplicable law provides otLen�+lse,aU payments received by lLendet under pucugrnphe
<br />��_� _�— 1 and 2 slnall be applied:flrst,to any pr�payment charges due uader the Note;seoond,to emaimts payable under p�ragrnph 2�
<br /> - - third.to ittterest due;fourth.to principal duc;and last.to eay late chnrges dua under the Note.
<br /> ------------ 4.Cha�gcsi Liens.�arrower shalt pay ail taxes.assessmeacs.charges,flnes nnd impoattioqs atuibutabte to the Propdrty
<br />�_�- which may attnifn prior�ty flver thia Security Instrument� aad Leasehold payt�nts or ground rents. if nny. Bormwer shall puy
<br /> '`�-� these obli�c9obs in the manaer provided in paragraph 2.oz if not paid ia tbat m�nner�Borcower shall puy tbem on time directiy
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<br /> --` - to the persvn owed payment.Borrowcr shalt prompdy flimiah to I.ender ell nottces of amounts to be paid under this paragtap •
<br /> --- T��� If Bonower makes these paymeats directly�Aorrowec shall promy��ly tl�rnieh to Lender recefpts evidencing the paytnents.
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