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<br /> '��' UKt�attnt Cov�►,►�rrs. Borrower ond I.ender caver�ant and agrccs aa followa: ��
<br /> • 1. Foyycuent ot�h�i�ncDpnl a�►�Iat�c�s�Prcpuy�cen3 ae�d H�¢e Chne�ea. Bonovrer shell ipromptfy pay when due [-;�:..
<br /> the pria�ipsil ui und intarest on tDro debt evidenr�st hy tho Note und any prepaymeat und leta chnrgc�due undar th�s Notc. ;: _
<br /> . 2. Funda tbr Tnxea�nd Iaeueancx. �ubject to applirublo taw or to a writtcn waiver by Lender�Borrower shail �,=
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<br /> '��` pay to Lendcr on the day montlily puymente are dua under the Note.unW tha Noto is p�ld in full,u sum(°Funda°j for: -
<br /> (n)y�arly taxes end assassmenta which msry uttoia pr�odt� over thts SeeurIty Instrum�nt as n Uen on the Property; (b) �,_
<br /> ;�,� yearty le,�sehold paymenta or grouad rent�on tho Praperty. if any;(c)yearly haznrd or propercy insueance promlut�s;(d)
<br /> yeariy Aoad iasumnce premiums�if eny; (as)Yeurly mortgage insuranee premiums.!f any;and(t�unY sums payable by
<br />_,;.,,�� �orrov►�er to Leader,ia aaoordaace with the prov1sions of pnragraph 8. in Ueu of the paynaent ot mort}�go insuranoe
<br /> � premiums. These items are caJled"Fscraw It�ms.'Lender may.ot auy►Ume,wAect snd hold Fuads In an amount not
<br /> to exaeed the mtudmum atnouat a lender for a federaUy related taortga�e loan rnay requtto for Horrower's escrow a000unt
<br /> - --=�g under the fedcral Real Eatate Settlement Prooedutes Act of 1974 as amen�+ed&om time to time,12 U.S.G. §Z601 et
<br /> � seq. ("YtESPA")>unless aaother Iaw that appiies to the Fuuds sets a lesser�unoun� If so,l.sndsr may,at any dme, �
<br /> � crollect aad hold Funds in aa amount not to exc�eed the lesset amoun� Lender mey estimate the emount of Funds due
<br /> �� on the bash af curreat data and reasonahle estimates af expenditures of future Escrow Items or otheiwlse in acoordanoa
<br /> �:.:�:: � wIth applicable laa.
<br /> :�',�::�;:�,� The Ftirtds ahell be held in an institu�on whose deposits are i�sumd by a federal agenry,inswmeatality,or eatity
<br /> ==`�� (including Lender.if Lender is such an iastttutiou)or In any Federal Home Loan Bflnlc. Lender ebsll aPP1S+�a��
<br /> �:,,���„ dtng PP�B
<br /> - -'=•- to pay tlte Fscrow Items. L.ender maY not charge Bortower for hol and a the Fuads.annually►analy�ing
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<br />- .�� essrow aaaunt,or veritytng the Fscrow Items, uoIess Lender{�aya BoreawEr intcrest oa the Fs�nds aad appllcable law .
<br />'=�- srs� permita L,ender to make such a c:harge. How�wer, Lender may require Aar�oaer to PaY s one-time chargs for an
<br /> ��'~�� independent real estate tax reporting servtce used by Lewder in vonuection with thia loan,unleas appllcable law provIdes
<br />_-_;�_� othexwlse. iJdess an agceesaent Is made or appllcable law re�quires intereat t�be paid,Lender shell aot be required to -
<br />.�,;r;� pay Horrower aay interest or eamin�on the Funds. Borrower ond I.ender may agree ia wrlti�{�however.that interest
<br /> -=�v,�"-' shall be paid on the Funds. Lender ahall give to Borrower,�vithout charge,an ennual aaouadn8 of We F�ads,shou+InB
<br /> _.;�� credEts aad debits to the FLads and the pucpose for which each debit to the F1uids was made. The �nds are pledged
<br /> - as additional securIry for ell sums secured by ttds Securtt3►lnsuument
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<br /> �'±� If th�Funda lield by Lender e�cceed the amounta penaitted to be held by applfcable law, Lender s a000unt
<br /> rt;`;� Borr�wer for the excess Funds in accordautce with�e recluirements of applicable law If the amount of the Fluzds held
<br /> _ �.■ by Lender at aqy time is not sufficIent to pay the Eacrow Items when due,Leader may so notity Botrower in wtiting,end�
<br /> fa s•� � �arMwer Rhall pay w I.eader the amount necessary to aiake up the deHcIenry. Eorrower shaU make up
<br /> --w=�= the deficienry In no atore thaa twelve month�y paYments. at Lender's svle discretion.
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