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' .1/" •�.. .... .'I .. ....... <br /> {!F" � . . — <br /> sYL_ <br /> `I���l��w�' . <br /> TUCIETHBR WiTH all she impravanenta now ar het+e�fter erectod on tha property. ynd i�! .+4�p�n����� <br /> � fixtures no� or hercatter a pait of tho pnnperty. All replacepxntr atad add�tidns shall uiso ba cbvened by tfiis'Security <br /> [nurument.A!1 of tho faregotu{Is r�ferrad to in this SecarIry Inetiument x�the"Propertyr." . <br /> , __ _ , <br /> BOItBOWElt COVENANT�ti��t Borrower is'lawthlly tselsr��f th�cstete hereby canvcyad end h�s the right to grnnt and <br /> ronvey thc P,mpGRy and tlwt the Propeny ie unencumDcrod, exctpt fer encumbrances of nxord. �Inmuwer wuri�uits s::d�wiil <br /> defend genecelly thc t(tie to tho Piraperty egc+inst atl claims and demands,subject to any encumbnnoes of►�xotd. . <br /> � TEUS S'1�t:[JRITY iNSTItUMENT combjnes uniParm covcnanta for rwtlonal use und nan-unifoma wvenants with limftod � <br /> variatlons by jurisdictian to constitute u unlfomi security instrumeat mvering real property. . `' <br /> UNIFOttM COVENANTS. Horrower and I.ender cavensu►t and agrce ns follaws: • <br /> 1. Payt�ent of IMnciptt esnd Interest= Pe+ep►3nncnt wtd Lttte Chrrg�. Barrnwer shall pro�ptly paY when due tho <br /> principal of and interest on the d�bt evideuced by the Note cwd any prepayment und late chnrges duc uncier ti►e Note. - <br /> 2.Fuads tar Taxes nnnd Insurance. Subject to applicuble !aw ar to a written waiver by Lender. Bortower s2�all pay to <br /> Lencier on the day monthly payments are due under the Note,unhl the Note is puid in fuA.a sum("Funcls")for: (a)yrarly texes <br /> and assessments which awy uttain prForiry over this Security Instrument as a lien on the Property:(b)yearly icasehold paymeuts <br /> or grouad mnus on the Property,if any;(c)yesiiy hazntd or property insurance premlucns:(d)yearly flood insurunce pr�miwns. <br /> if an3r;(e)yeazly mosgage insurance premiums,if eny;and(�any sums payable by Borrower to Lender. in accordance with <br /> - the pmvlslons of pam��ph 8,in Neu of the puymeut of mortguge Insurance prettliums•These Items ares aulial"Escrow Items." _ <br /> Lender may, at any time. ootloct and hold Fuads in i+n amount not to exceed the mnximum nmount a lo:ider for a federally <br /> rclated martgage loan may�+equire for Honow�r's escrow eccount undex the federal Real Sstate Settlement Procedures Act�of <br /> _ (97q u�nenended frout time to tirne: 12 U.S.C. Secdon 2b01 et seq. ("RESPA"),nnless another law tt�at applies to the Fu�cis <br /> - seta n lesser amount.If so, Leader may, at any time. collect and hold Funds In un amount not to e�cced th�lesser amount. <br /> Lendcr muy esttmate the amount of Funds due on the basls of current dutu end reasonable estimutes of expenditures of fi�ture <br /> Escrc�w Items or otherwise in accordence with applicable law. <br /> The Funds shall be held in an lnstitutIon whose deposits are Insured by a fedesal agency. instrumentality, or entity <br /> (including Lender. if L.ender is such an lnstituticm)or In any Federnl Hdme Loan Hank.Lender shall apply the Funds to pay the <br /> Escrow Items. (.ender may not churge Borrower for holding and applyin�the Funds.annually analyztng the escmw nxount,qr _ <br /> ver[fying the�scrow Items,unless Lender pays Barrower interest on the Funds and applicable law permits I.eader to►nake such <br />__ = A�hA�P HowAVPr.i emier may reqedre Bona�ver to pay u one-tlme chnrge far an independent rea!estate t�x�epart�m�service - <br /> - used by L.ender in conrtection with this loan. unicss appl4euble luw pmvIde.� otherwise. Unless an ngreement• is made or <br /> - upplicable law rev�n�ires I�terest to bc pxId. Lemder shall not be required to pay Borrower any interest Qr earnings on the•Fundst <br /> Borrower and Lender may agree in wr�ting.however. that lnterest shall be paid on the Funds. I.ender sltall give to Borroweir;�. <br /> -- -- without chatge. an annua!ncwuntin�of the Funds,showing credits aad debIts to the Funds and the purEwse for which each <br /> _-� <br />