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<br /> � 7'�ETHBE�Wi77d nll th�improvemcnte naw or hercafter erected oa the pmpeny,and t►ll ensementa,appurten�nces,and
<br /> fixtures naw or hemaftcr a pnri oY thc propetty• All replacements and �dditions sh�ll ulso be covem.�f by this Sesudty
<br /> � (nsuument.All of tha foregoing is refemed to in thia Security Inst�ument as the"Fropeny."
<br /> BARROWBR COVENANTS that Borro�v�r ia lawNily s�ctsed of the estuto hereby conveyed artd hos che dght to��unt and �
<br /> : wnvey tho Property rs►d¢hut the Prop�rty is unencumbae+ed, except for encumbrnnces of record,Bamower wnnunts and wlll �
<br /> defend generally tAto title to the Propetty aguinat�ll cl�ims nnd demunds.subJect to uny encumbrunces of eecord. �
<br /> TH�S SECUlt(TY iNSTi�UM6NT combines uniform covenAnta for nnttonal uee us�d non-unifarm covenants with timited `�_
<br /> . vuriaUona by judsdlction to oonatitutc n w�iform security iusawncnt wvcring re.zl property. �
<br /> '� UNIF�ORM CONBNANTS.Borro�ver and L,ender covenant and agrPe as lollowa:
<br /> 1. �uuyment of Principa�l nnd In4erest;Prepuyaeei►t aad Lute Chaeges.Bflnower ahull promptly pny when due the y�
<br /> -�� ' principal of nnd i�iurest on the debt evidenced by the Note and aay prepnyment aud Iate charges due weder the Note.
<br /> ;��"" 2. Fuuds tor Texes nnd Insurnitce.SubJect to uppllcsble luw or to u writtan w�lvcr by Lender. �orrower ahall puy to
<br /> ° Lemdor on tho dny montbly payments ure due un�er the Note,until the Note is paid En full.n sum('Funds")for:(�)yeurly ta�ces
<br /> • and assessments whlch may attatn prlority over this Sccurity iasmiment ag a lten on ths Fmperty;(b)yetuly leasehold paymenta _
<br /> or gmund renta on th:Property.lf any:(c)Ye�rly hazard or pmperty iasurance premiums:(d)yearly flood Insurance premI►una,
<br /> • if any:(e)Yearly mortgage inguranr.e premiums, if any: and(�any suma puyable by Borrower to I.ender. in accordm►ce with
<br /> • • the pmvisions of parqgrnph 8. in lieu of the payment of mortgage iasuranse pre�twns.These items are csilled'Esamw items."
<br /> ' Lender may, at tuiy dms. oollect and hold Fwids in su�amount not to exce�d the maaimum amauat a lettder for A fedornlly �i„
<br />- ' related mottgage loaa may requic�for Borr�wer's escmw eocount under the federal Real Eatate Settlement Procedures Act of =
<br />= � 1974 as amrsaded from time to dme, 12 U.S.C.Secdoa 2601 et seq. ('RESPA"),ualess auoWer law that applies to the Funda —
<br /> ���- ., % s�ts a lesser funount. If�o.Lender may. ac suiy time.collect und hold Funda in an euinunt not to excjeed the lesscr amount. _
<br /> �� �". Lender may esdmate thz �+mouat of Funda due on the basia�f cun�ent data and teasonable estimates af e�cpenditu�es of ft�ture d�
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<br /> Escrow Items or othesw�ac�fn€ccordance witb aPpl�camle law. g:;
<br /> The Funda sbaDl b� held in an insdcution whosc d�posits are insured by a federal agency. insssumentaliry. or endty �:
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<br /> (Wclading i endeP,tf I.eader is such an insdtudoa)o.in uny Federa!Home Loan Benk.i�ender s6n11 appty the Fuuds to pay the
<br /> . Escmw Items.Lender may aot charge Bom+wer far holding and apPlYing the�unds�annuaUy an�lyzing the escrow account.or .•��.
<br /> T varifjring the 8scmw Items,unless Lender pnys Borrower lnterest on the Funds and applicable law permita Lender to make such _
<br /> �' a charge.However,L.ea3er raay require Bornower ro pqy a one•Nme charge for aa iadependent real estate tax reporting sen►ice =-
<br />--.�±�,'w•:;�'" �sed by Lender in connection with tl�is loan, unless t�pplicable law pruvides otherwise. Unless an agreement is mude or ..
<br />�i�.�;��f ,�,; . • �plicable law requi�+es iatetest w be paid,Lender shall not ba requirec!w puy Borrower any interest or eamings oa the Funds.
<br /> a�:'�;��;��'. Bor[ower s�u�fl Lendes m�,y agre�in wrlW+g+ however.that iaterest shaU be paid on the Fueds.I.ender shall give to Borrower,
<br /> •-a�,•-��'� aIthout charge, sui s�anur�t�ccount'tag of che�uuds. sirowutg cie�IiS S�tt!tt8ht�ia iltc Ftuido �i2se�p f4��1hi+'�ea_r.h
<br /> ::::-� ` `�" debit to the F�nds Nas m��4o.The Fuads are plodged as additional secur�ry for astl su�ns socuted by this Sccuriry Insavment. _.
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<br /> - -----_.j If the Fundls 6e3a b3 lsnder exceed the a�tovnta p�.^rmitted to be held by upplicable law. I.endsr sbaU aocount to liorrower �,;;
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