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(F) Ali rights that I have in the land which lies in the streets or roads in front of or next to, the Property described in subparagraph (A) of this section; (G) All fixtures that are now or in the future will be on the Property described in subparagraphs (A) and (B) of this section; along with but not limited to stoves, refrigerators, washers, dryers, dishwashers, ovens, air conditioning units; (H) All of the rights and property described in subparagraphs (B) through (G) of this section that I acquire in the future; (I) All replacements of, or additions to, the Property described in subparagraphs (B) through (H) of this section; and (J) All of the amounts that I pay to Lender under Paragraph 2 below. BORROWER'S RIGHT TO MORTGAGE THE PROPERTY AND BORROWER'S OBLIGATION TO DEFEND OWNERSHIP OF THE PROPERTY I promise that: (A) I lawfully own the Property; (B) I have the right to mortgage, grant and convey the Property to secure Lender; and (C) there are no outstanding claims or charges against the Property. I give a general warranty of title to Lender. This means that I will be fully responsible for any losses which Lender suffers because someone other than myself has some of the rights in the Property which I promise that I have. I promise that I will defend my ownership of the Property against any claims of such rights. PLAIN LANGUAGE SECURITY INSTRUMENT This Security Instrument contains uniform promises and agreements that are used in real property security agreements all over the country. It contains non uniform promises and agreements that vary to a limited extent, in different parts of the country. My promises and agreements are stated in "plain language." 1. BORROWER'S PROMISE TO PAY I will pay to Lender, on time, principal and interest due under the Note and any prepayment and late charges due under the Note. 2. MONTHLY PAYMENTS FOR TAXES & INSURANCE (A) Borrower's Obligations I will pay to Lender all amounts necessary to pay for taxes, assessments, leasehold payments or ground rents (if any), and hazard insurance on the Property and mortgage insurance (if any). I will pay those amount to Lender unless Lender tells me, in writing, that I do not have to do so, or unless the law requires otherwise. I will make those payments on the same day that my monthly payments of principal and interest are due under the Note. Each of my payments under this Paragraph 2 will be the sum of the following: (i) One twelfth of the estimated yearly taxes and assessments on the Property which under the law may be superior to this Security Instrument; plus (ii) One - twelfth of the estimated yearly leasehold payments or ground rents on the Property, if any; plus (iii) One - twelfth of the estimated yearly premium for hazard insurance covering the Property; plus (iv) One twelfth of the estimated yearly premium for mortgage insurance (if any); plus (v) One twelfth of the estimated yearly premium for flood insurance (if any). In accordance with applicable law, Lender will estimate from time to time my yearly taxes, assessments, leasehold payments or ground rents and insurance premiums. Lender will use existing assessments and bills and reasonable estimates of future assessments and bills. Lender may, at any time, collect and hold items under Paragraph 2 in an aggregate amount not to exceed the maximum amount that may be required for Borrower's account under the Real Estate Settlement Procedures Act of 1974, 12 USC 2601 et seq., and implementing regulations, 24 CFR Part 3500, as they may be amended from time to time. ( "RESPA "), except that I will pay to Lender an additional sum equal to one -sixth of the aggregate amount of yearly payments under this paragraph 2 or a lesser amount if required by applicable law. This sum is known as the "reserve" or "cushion," and is permitted by RESPA for unanticipated disbursements or disbursements before my payments are available in the account. These amounts that I pay to Lender for these items under Paragraph 2 will be called the "Funds." These Funds may be commingled with the funds of the Lender unless the law requires otherwise. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender may require Borrower to pay a one -time charge for an independent real estate tax reporting service used by Lender in connection with the loan, unless applicable law provides otherwise. (B) Lender's Obligations Lender will use the Funds to pay the above listed items. Lender will give to me, without charge, an annual accounting of the Funds. That accounting must show all additions to and deductions from the Funds and the reason for each deduction. (C) Adjustments If Lender's estimates are too high or if taxes and insurance rates go down, the amounts that I pay under this Paragraph 2 will be too large. If this happens at a time when I am keeping all of my promises and agreements made in this Security Instrument, I will have the right to have the excess amount either promptly repaid to me as a direct refund or credited to my future monthly payments of funds. There will be excess amounts if, at any time, the sum of (i) the amount of funds which Lender is holding or keeping, plus (ii) the amount of the monthly payments of funds which I still must pay between that time and the due dates of these items is greater than the amount necessary to pay the above listed items when they are due. If the Funds exceed the amounts permitted to be held by RESPA, Lender shall deal with excess funds as required by RESPA. Doc #20376 - NEMT2 O O O r� O�