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<br /> TOCiE7'HER WITH xll U�improvcments now or hereuRer erccted on the properry.and all easementa,appurtenances.
<br /> _. —' �rd tTixturca pow or hereaftcr a pwt of the Property. All replaccme,rots and uddiUons shall also be covered by thia 3ecurity
<br /> --_ -_—----= Imuument. AU of the Pnrcgoing ie rcferrcd to in thia Serurily loam�ment a.s the"PropeAy."
<br /> � - — BORROWER COVENANTS thet Bwrower ia lswfully aeised of thc estwte hereby c.nnveycd and iws the dght to grant
<br /> _"'�"1 and canvey th�Property und that the PropeRy ia unencumbered,except for encumbrances of record. Borrower warrante and
<br /> wfll defend genemlly the lide ta the PropeAy ayninst all claims�and demunda,subJect to ony cncumbrances of record.
<br /> 4 - THIS SECURITY INSTRUMENT combines uniform covenants for natian�l use nnd non-uniFotm covenAnts with
<br /> " - ` " limited variaHonc by jurisdiction lo eonstitute a unifom�securily inst�ument cavering reui prop�:rty.
<br /> `� UNIFORM COVENANTS. Borrower and Lender covenant and agree as follaws:
<br /> �:� 1. Payment ot Prindpal oad Intereati Prepaymeat aad Lat�Che�es. Borrawer shall prompUy puy when due Ihc
<br /> ___ principa1 of and intercst on the debt evidenced by the Note and any prepayment nnd late charges due under the Note.
<br /> -- 2. I�unds tor 71�xes and Insurnnee. Subject ro applfcable law or to a written waiver by Lender,Borrower shall pay to
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<br /> — Lendec on the day monthly payments ara due under thc Note,until�he Note is paid in full,a sum('Funds")for:(a)yearly
<br /> ___ �.�,*� texes und asscssments which may ettain pdorfty over this Sccurity Inshvment as u lien on the Property;(b)yearly leasehold
<br /> _ payments or ground ►ents on the Property, if any: (c) yearly hazard or property insurance premiums; (d) yearty flood
<br /> insurance premiums. if any; (e)yearly mortguge lnsurance premiums, if any; and(� any aums payable by Barrower to
<br /> _��� Lender.In accordence with the provisions of pnrngraph 8,in lieu of the payment of moRgage inxurance premiums. These
<br /> �.�1.,�� items are called"Bscrow Items." L.ender may,at any time,collect and hold Punds in sin amount not to exceed ihe maximum
<br /> emount a lender for a federally related mortgage laun may require for Barrower s escrow account under the federal Real
<br /> -•.�.� Estate Seulement Procedures Act of 1974 as amended from time to time, 12 U.S.C.§2601 et seq.("RESPA"),unlesa unother
<br /> ._ - law Ihat applies to the PWnds sets a lesser wnount. If so,L.ender may,ai nny time,colloct and hold Funda in an amount not to
<br />---v- - - ___- - exceed the Icsscr Amount. C,ender may esdmute the amount of Hinds due on the basis of current dala and reaxonuble
<br /> --'-:;�i-+'• esdmates of expenditures of future Escrow Items or otherwise in accordance with applicable law.
<br /> -""'� The FLnds shall be held in an institution whose deposits are insured by a federal agency, fnauumentality, or entity
<br /> :��;�,� _ (including I.ender,if Lender is such an inatitulion)or in any Federal Home Loan Bank. l.ender shall apply thc Funds to pay
<br /> ---�: . the Escrow Items. L.ender may not charge Bortower ior holding and applying the Funds, annually analyzing the e�crow
<br /> =�_'��;''�;,�.` accoun� or verlfying the Escrow Items.unless Lender puyx Borrower interest on the Funds nnd applicable law permits
<br /> ..�.� ,�,�,�;'�� Lender to makc such a charge. However,Lender may require Bortnwer to pay a one-time cherge for an independent real
<br /> - - eslate tax reporting service used by Lender in connection with this loan.unless applicable law provides atherwise. Unless an
<br /> '--=�•=+a�: agrecment is made or applicable law requires interest to be paid,Lender shall na be required to puy Borrower any interest or
<br /> °°"'"``�x'�-"�= earnings on the F�nds. Borrower and Lender may ngree in wrlting,howcver,that interest shell bc paid on the Funds. Lender
<br /> ���;_;,�,.:�;„: shall give to Borrower,without charge,an annual uccounting of the Funds,showing credits and debits to the Fundx und the
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