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<br /> " . TOagTHBtt WYTH uU tho improvGnents now or her�after cracted on thc property. . �
<br /> fixwras now ar hsreafter a ps�t of tho property,All replacements wtd addidmu�ahap also be cqvcred by this 5ecuriry Instrumcn� .
<br /> ° • All of tho foregofng!a rcfcrrcd to in this Securlty Instrumcnt as tho"Property:'
<br /> 80RROWBR COVHNANTS ttwt Borrower is tawtuUy seised of the estate hemby convayc�i end�►as the right to grent and '
<br /> " convoy tho Propecty and that tha Fmpoity is unencumber�d. uxccpt far encumbranccq of recard. Baaov�rer wartants and wiU .
<br /> �� � defend generaUy the Htlo to tha Property againat all claims and demands,subJect to eny eacumbraaces af recosd. .
<br /> , . :,- -..`.. THIS SECLJRII'Y INSTRUIuBNT combines uniform covenants for national use and non-unIform covenants wlth IImited . „ .. ,
<br /> ,. . variadona by jiu�isdlcdon W constiwte a uniform security insuument covering rcal property.
<br /> , UNIFQRM COVffiVAIVTS.Horrawu and Lender covenant and agree ar follows: „ �
<br />' 1.Ppyment ot Princtput And Iotenst;Prepayment and i.ute Cburges. Bpnower shall promptly pay when dun tha
<br /> principal of and interest on the debt evidwced by the Note and any prepayment and late cherges due uader the Note.
<br /> 2.Futada for Trures and Insuranca Subjact w epplic�ble law or W a arltLen waiver by L.ender,Borrowa shell pay to
<br /> Lender on the day monthly payments are due under tho Note.until tha Note is paid la full,a sum("Funda")for.(a)yearly taues
<br /> . �� and a�ssmenta which may atmia grlorlry over thia Secudty Inswment a�a ltea on the Property�(b)Yeariy leasehold payments
<br /> � or ground rents on the Prope�iy�i�anY:(e)Yearly hazard or prnperty intsuraace pmmiums:(d)Yearly tlood Insureuca pm,miums.if .,
<br /> . . . anY:(e)Yesrly mortgage insurence prcmiunns,if snY:and(� anY� 1�Y�ie by Borrower to LeAder�in e�ccordance wIth the
<br /> ' ' ' pmvisions of paragrnph 8. in lieu of the payment of martgage insurance preraiums. 'fhese items are c�lled"Sscxow Items." . -
<br /> ��� Lender may,at eny tlme.callec[and hdd Funds in an anount not w exceed the maximwn amoi�nt a lender for a federally releted ... .. . '
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<br /> mortgage loan may sequlra for Boirower's esaow account under the federal Real Bstate Seqleaaeat Fracedures Act of 19T4 av ,
<br />'�:';:;;°;`,,', emended from tima w dme�12 U.S.C.Soction 2601 er seq. ("RBSPA").uuless another law that applies to the Funds sets a lesser „ •, �,. "
<br /> ,,...`, . amount If so. Lender may��i enY wne� wllect and hold Funds in an amount noi to exceed the lesser aaiaunt I.ender may ,
<br /> � .,� esdmate the amount of Funds due on tue bagis of curreat data and reamnable es�mates of expend�wres of fuwre&cmw Items or .._ f��:�
<br /> �i���,;;.. . :•;' otherwiseiaaccordancewlthappllcabletaw. �a-
<br /> �?<<�;',� s�„ The Funds shatl be held in an Insdtudon whose deposits are ins�ued by a fedeagl agency,instrumentality�or eadty(includiug ��.
<br /> .. Lender,If Lender is sach an lnstituBon)or in any Federal Home Loan Bec�c.Lender shall apply the Funds to pay d�e Bscrow ' ' �<
<br /> . . Items.I.eader may aot charge Borrowa far holdiug aud aPP1YLt�the Fuads,annunUy analyzing the escrow acxount,or ve:itying �
<br /> �he Eccrow Items,unles.v Lender gays Borrower interest on the Funds and appllcable Iaw pennits Lettda Go malce sucb a char&e. ' ��
<br /> . . However� Lenda may require Borrower to pay a one�time charga for s�n iadependeat real estate tex repontng�vice use�by �
<br /> ` � L�ender in connoctlon wlth this loan. unless appllcable law pmvideR othe:wise.Ueiless an agreernent is made or appllcabte law .:�; .-
<br /> " ., c�equires intaest w be p�aid,Lender stieU not be requlred to pay Borro�ver any tnterest or eamings on the Funds.Boirower and . ., �r�*,�
<br /> Lender may agree in wridng.howevea�that interest shall be paid on the Funds.Lendar shall give to Barmwes.wlthout charge,an ,, ;��+�
<br /> . . ., aanual acoounting of the Funds,showlug credits end debits to the Fonds and the pwpose for which each debit W ttee Fwids wAS �
<br /> . .�' made.lhe Fuads are pledged ag additioaal securlty for all smns secured by this Security Iastrument, �„�f�.�::�,-
<br /> . : �,' If the P�ads held by Leader euc�eed the amounta permiued to be hek!by applic;able lww.Lsnd�r shall account to Boirower for � .:�
<br /> ';;:;:;�. , ` the exc�ess Funda in aabxdance wtth the reguirements of applicable law.If tha emaunt of the Fwids held by I,.ender at any dme is ;�:.o�e
<br /> . '•^' ` not su�cient to pay the Bscrow Items when due,L,ender may so nodfy Bonower in wridng,and�in such case Bomnwer shell pay ,..`�"v '__
<br /> ':;f�';=., to I�ender the amount neces�ary to meke up the deficiency. Borrow�r shall make up the de&ciency in no more tdan twelve
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<br /> � ,»¢:r :: monthlY PaYments�ai Lender's sole disaetion. � . �:--
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<br /> , , UPon I�Nment in full of all sums aacured by tdis Securlty Insuwaenb Lendea shaU promptly refund to Bonower any Fuads . �--
<br /> ' held by Lender.If.under paragraph�1,Lender shall acquire or se11 the Pcaperty,Lender.Prlor ta the acquisition or sate of die .. L:
<br /> - � . � � Property� shall apply any Funds held by I.eu4er at the time of acquisidon or sale as a credit pgainsi the sums secured by this >•���: -___
<br /> ' - ,-'� ;t' Secnrity 1ttsWmen� . � ==
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