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<br /> � ._ s,�. 'f0(3EfHER WiTH ali the i�mpmveme�s n�w or l�ieafter erected on the propex�y.aad ali�u��.� . ,�?:.s'=t ::
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<br /> fixtures now or:hereaftQr a part of tRe property. All repTacements and additions shall also 6e coveced by this �ecurity �-
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<br />< � � . . Ibsuume�.All of the foregoin�;is teferred to in this Sec�rity Insaumem as the°Property" < < �-. -
<br /> ,..-� , BORROWF.R COVENAI3TS ihat Bomuwet is Iawfully seised of the estate hereby wrrveyed and i�as the right to grant aud __n�"�'-.�.
<br /> ,. � wavey the Properiy artd that the Propetty'is.anencumbeced.except for encambrances of record.Borrower warrants and wi11 �,� .;
<br /> . _ P rtY P,uin`-t all cdaims aad demands.sabjecc to azry encumbrancec of recurd. , _ ��' ��
<br /> ' ' defend generally the titte to the Pro e a c�. -�4 �:��-�_
<br /> • : ' 'tHIS SECURITY INSTRUMENT combines uniform covenants for national ase aad nan-uniform covenants witii tim�te�d , fF. =_°r. �. .;
<br /> - �-ariations by jsuis+di#ios�t�consritute a uniform security instrument covering�eal property. . }� -
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<br /> ,� UNffURM�COVENANTS.Borrower and Leadet covenant and agree as follows: , < u T�'�"--
<br /> _ 1. Paymeat of PrIncip�!and Inter�t;'pieFa3'ment and Late C�arges. Bormwer shall prnmptiy pay when due:the .�.r.� ,_�. ,�
<br />: , :',; � �r: Principal of and interest on the debt evidenced bq the Hote and anY�pmpayment aad 1at�charges dne uader the Note. '��'�`==;~
<br />- �' � 2.Flnads for Taxes and Tnsnrauoe.Subject to appiicable law or to a written waiver by Lender, Bormwer shall pay to , ___= --
<br /> ' ' • �Leader on the day monthly paymea►ts are dne�mder the Note.until the Note is paid in fuU,a sum("Funds°)for:(a)yeariy taxes == -__---__
<br /> �,. . � , � and assessments which may attain priority over this Seta�rity L�suument as a lien on the Properiy:(b)Ye�iY leasehald payments
<br />;;i .. ' • or ground rents on t�e Prope3ty,�f anY`���Y�Y h��or praperty insurance premiums;(d�YeaciY tlaod insurance premiums.
<br /> •� . . . if any;(e)Yearly mortgage insurance premiums. if any;�and(fl any sums Payable by Bosower w Lender.in socordaar.e with .----
<br /> � � the provisions of paragraph 8.in tieu of t6e payment�of mortgage insurance premiams.These items are called"Escr°w Items•�
<br /> •-�•. '.� .;.; • � I;ender may, at any tiaiet oolled and hnld Funds in an ainount not to exceed tl�se maximwn�ant a LenGer far a federaliy —
<br /> � . . � related mortgage loan may requiie'for Borrower's escrow account under the fe,der�!R�l Fstaie Setttemeat Procedures Act of
<br /> •� �:: � ,� • 19?4 as amended fram timc W time. 12 U.S.C.Seccion 2601 et seq.("RFSPA'),�-..'�s aaothsr!aw that applies to the FaRds
<br /> . sets a lesser amouni.If so. Lender may,ai any time, colIect aad hotd Fmids in�...amunnt not w exceed the lesser amotmt.
<br />_ '` �:<��� ` _.. _' Lender may estimate the amount of Ft��s dzs on the basis of current data and reasonable e�mwtes of expenditures of fature .
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<br /> � , . ,-- • ...__......_ 'Fscrowltems-or-othetwiseinsccordance-��h-applicabie-aw.__.....----.-_.-.-- ---.-.--.. .._._. _.._----. ---.-- .._ . .
<br /> � � The FaIIds shal} be held in an institution whose deposits are,insured by a federal agency, instrumenta}ity. or entity
<br /> � .'", (including Lender.if Lender is such an insriturion)or in any Federal Home Loan Ba�k.Lender shall aPPly d=�u�ds t°pay the ,
<br /> . .� �. • Escrow[tems.Lendec may not charge Barrower for holding and applying the Funds,azwually analy�n8 the eserov�+accavni,or _
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<br /> ', - ' ' - ventymg ttie&smw Items.unless Lender pays Borrower interest o��Funds and applic�ble taw pemuu I�nder to make�r,h �
<br /> � � - � a charge. However. Lender may require Boir'ower to pay a one-iiine eliaige for ais ind�eadent real estate tax reporting senice -
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<br /> . • . useQ by Lender in wnnection with this loan, untes's applicable iaw pmvicCes c�*herwise. Unless an agceemeat is made or
<br /> • �.'. '� applicable law requires interest to be paid.Le�der shall not 6e required to pay�azower any interes4 or eamings on the Funds.
<br /> • � • Borrower and Lsnder may agree in writing.however,that iniemst sh�ll be paid ca the Funds. L.croder shall give to Sorrower.
<br /> . � � �' without charge, an annual axvundng of the Funds,showing credit.s and debits to the Funds aed the parpose for.which each , -
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<br /> � ' debit to the Funds was made.7'he Funds are pledged as additionai s�rity for all sums secare�hy thi5 Secrrit3+Inswment•
<br /> . � � If the FunBs held by Lender exceed the amounu permitted to be held by applicabte law,Lender shall aceQUnt to Horrower �a
<br /> ' " � for the excess Funds in acco�ance with the requiremenu of applicable law.If the amnunt�of the Funds held by Lender at au}r �_-
<br /> � ' � - time is not sufficient to pay the Escrow Items when,due.I.ender may so aatify Bermwer in writing,and.in such case Borrower _
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