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<br /> - TOCiE7'HPR WITFI all the ImP�vements now ar hercufter erectcd an the property.'�n au+ements,appurtennnca.
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<br /> -- ond flxwre�now or hereafter a part of the property. Ali replacemems and a�litlons eholl also be cavered by this 5acurity
<br /> - - - _ - lmususnent. All of the foregoteg ia referrrd to fn t!s!s Secer�ty lneuement ee the"Proprrty." .
<br /> BORROWER COVENANTS lhat Bortower is lawfully scised of the cstate hereby comeyed end hes�hc right tc►grnnt
<br /> _gy�� and convey the Property and that the Properry is unencumbered.except far encumbronce�of rccord. Borrower wumntc and
<br /> -- will defend genetally tha tiqe to thc Pmperty wguinxt�II ciaiu�r and dema�ds,cubject to ony encumbrances of record.
<br /> __ �_; w THtS SECURITY INSTRUMBNT cambines uniform covenents for natonwl use and �on-uNform cc�venaMr wi�h
<br /> �=�=���-- � limited variation�by Jurisdiction w consdtute a uniform secu�ity insuument covering real property.
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agt�eo as failows:
<br /> ____�� 1. Payment of PrincipW and Interest;Prepayment and LAte ChArge� Borrower ahell promptly pay when due the
<br /> - -- principal of and interest on Ihe deM eviAenced by tha Note and any prepayment and Iwte charges due under the Nota.
<br /> .:,,,,� 2. Fbndx�or ibxes and Insurance. Subject to applicablc law or to a written waiver by Lender,Borrower ehall pay to
<br /> ;�:.,� Lendcr on the day manthly payments are duc under the�ote,until the Note is paid in full.a sum("FLods")for:(a)yeariy
<br /> _� _��-�;� taxes and assessments which may apa�n priority over thia Secu�iry Instrument as a Nen on the Property;(b)yearly Icasehold
<br /> ___� payments ar ground rents on the Pcoperty, if any; (c) yearly heznrd or praperty ineurance premiums; (d) yearly Ilood
<br /> _.���y� insutance premiums, if any: (e) yearly mortgage inaurance pr�emiums. if any; and (�any suma payable by Borrower w
<br /> -_--- Lender.In accordance wlth the provisions of paragraph 8,in lieu of�he payment of mongage insurance premiums. These
<br /> -._.a.. ° items are called Bscrow Items. Lender may.at any time,collect and hold Funds in an amount not to exeeed tlu mwcimum
<br /> -- -�� amount n lender for a federally related mortgage loan may require for Horrower�s escrow account under the federal Real
<br /> - �'� Estate Settlement Pracedures Act of 1974 as amended frAm time ta time. 12 U.S.C.¢2601 er seq.("RPSPA"),unless another
<br /> ��.��.,�A� law lhat applies to the Pbnds sets a lesser amount. If so.Lender may,at any time.collect and hold Funds in an amount not to
<br /> _—_- __ _ .��•: exceed the le4�er amount. Lender may estimate the amount of FYmds duc on the basis of cument data and r�easoneble _
<br /> -_—_,. • est�mates af expenditures of future Escrow ltems or otherwise in accordance wilh applicable law.
<br /> �:,�� � The Funds shall be held in an inatitution whose deposits are insured by a federal agency, insuumentaliry, or entity -
<br /> -�,�,; ��•�*•��«�•�. (including Lender,ii Lender is auch an institution)or in uny F�deral Home Loan Benk. Lender xhall apply the Funds to pay
<br /> '°•''�-�"'�'= ' the Escrow Items. l.e�der may nat charge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> °�ri�,:° account, or verifying the Escrow Items, unless Lender pays Borrower interest on tbe Funds nnd applicaWe law permits
<br /> ,�,;_'�- *. � l.ender to make such a cherge. However, l.e�der may require Borrower lo pay a one-time charge for an independent real _
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<br /> -----. __---z.'�. estate tax repor�ng service used by Lender in cannecdon with this loan,unless upplicable law provides otherwise. Unless an
<br /> "°"' ` u ment is made or a licable law re uires intereat to be aid,Lender shell not be re uired ta a Borrower an interest or -
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<br />- --�=�_• ,,.�..,s_W. earnings on the Funds. Borrower and l.ender muy agrcc in writing,however.that interest shull be paid on thc Funds. Lender -
<br /> s�i:�•� shall�ive ro Botrower,without charge,en pnnual nccounting of the I�nds,showing crcdits and debits to the Funds and the
<br /> `�""'` `„'' purpose for which each debit to the Funds was made. The Funds are pledged as a�ditional securily for all sums secured by
<br /> �_,�'�._ �'� �� thisSecuritylnauument.
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