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<br /> 'faUf�PNGIt WITM ,dl ihc impruvcmcnta nnw nn c�rcaftcr crcctcd on thc prnpcny, und t+ll ca�cmcnts, rf}Shls,
<br /> n��urtcnunccs.rcnts,ruy�ltics, mincr�iL ufl anQ�a�ri�luti and profits, watcr riGhts nnd yairk nnd�ill fixtures�ia�,v un c�rcaf�cr u _
<br /> paii ��f thc property. All rcplaccnicnts nnd a�iditio�is shall ul�o bc rovcrcd by this Sccuri�y lustrument. All uf Ihc forcguh�� is
<br /> refcrGd t��in ttii;Security Instrument as th�"°ro�erty."
<br /> 13(3�t[tOWER CUVENANT5 that Burrou�cr is Inw�fully seised of[hc cstute hcrcby conveycd nu�f hns thc right to�r.lnt und
<br /> crn�vey the Praperry and that the Property is uncncuntbered, exccpt for cncuaibrauucs Rf record. Bi�rrower wnrrantn und will
<br /> defond E:��mlly the title to thc Propctty ugninst�dl clsiius iiud cleruandn,+uGju:t to an�encumbrances of'rerord.
<br /> l. 4'�ynient of Princfpnl,Int�r�S And l.ute Chnrg�. Earrawcr shnll pay �vhen due thc principal of, and intcrest on, tl�e
<br /> �ebt cti�i;i:nccd by tlia Note nnd latc cht�r�res due under the Nate.
<br /> 2. b'l��th(y� Payment of Tnxcs� Insurauce and Other Chnrges. porrower shull includc in ca:h monthly paymera,
<br /> u�g•zth:s witA th;princ:ipal and intcrest as set fonli in tiie[vate and any luta chf►rges, o sum for(u)taxes iuid special�rssessments
<br /> Ic.ti�i�1•ar.to b: levicd against thc Prupeny, (b) lcaschald pnyments or �round rents a� tltc Proporty, nnd (c) premiums for
<br /> in.r'ur�ur.c required undcr pa►.3flraph 4. In any ye:+r in wbich the Leiider must pay a martgage insumncP ptrsminm to Ihc
<br /> �er,re�ary of Housing and Urbun�evelapment("Socret�►ry").or i���uiy ycar in which Fucl�pramium would hs�vo been cequircd if
<br /> Lender still held thc Security Insqvment, each monthly pc�yment shall also includa either: (i)a sum f4r thu annunl mortgugc
<br /> insurance premium to be paid by l..endar to tlte Se:cretary, ar(ii)n monthly chtira�:instead of a mortIIoga inuarance premium lf
<br /> tl�is Securiry lnstruntent is held by the Secretary, in a rrasonable amaunt.to bo determined by the Secretary. Except for the
<br /> monthly charge by thu Secretary,t3xese items are called "Bscrow Items"and tha suma paid to Lender are culled "Escrow Fw�ds."
<br /> Lcnder may,at any time.�ollect and liold:imounts for Escrow Jtenis in an nggregute amount nat to exceed the maximum
<br /> amount thnt muy be required for Borrower's escrow account under th�s R�al Estate Settlement Procedures Act of l974, 12
<br /> U.S.C. Sc�tion 26U1 et seq. and implenienting rcgulations, 24 CFR Nt�rt 3500, s�s they may be amendcrl from timc to timc
<br /> ("RI-Sl�A"), except that tlie cushion or reserve permitted by RBSPA for una�uicipated disb�usements or disbursemenu bofore
<br /> the f3urrawee's payments are avuilable in d�e accaunt may nat be based on amounts dur,fe,r ttie mnrtgage insurance premtum.
<br /> If thc amounts li�ld by Lcnder for Escrow Items exceed tlte amounts permitted to be hcld by RESPA, Lender sl�all dsal
<br /> with tl�e excess funds as required by RESPA. If the amounts of funds held by Lendcr nt any tirrie are not sufficicnt to pay the
<br /> g�r�w Itpms when due, Lender muy notify thc Honower And require Borrower to makc up thc shurtagc or deficiency as
<br /> permitted by RGSPA.
<br /> The Escrow Punds are�Icdgccl as additionnl security for all sums seeured by thls Secudty Instrument. !f Borrower tenders
<br /> to I.ender tha full payment of nll auoh sums, Bonower's account stiall be credited with the balance remaining for all installment
<br /> itamF�(a): (b),.and tc}and any�:m�rtIIn�c insurunce prcmium installment that Lender has not become obligatat to pay to thc
<br /> Sca;retnry, �nd l.ender sh�ll pramptly-refund nny excess fltnds to Bunower. Immediutely priar to a forer,losure sale of ttx
<br /> Propexty or.�ita acquisition by l.endtlr;Borcower's Account shall ix:credited with any b�lnnce remaining for all instn9lments for
<br /> itoms(a),(b),and(c).
<br /> 3.AppUcAtion of Payments.All payments under paragraphs 1 and 2 shail bc upplied by l.�ndet:is follows:
<br /> First,to the mnrtaege Insurnnce�+rPmi�un to he paid by Lcnder to the Sccrctary or to the monthly churga by the Secrctary
<br /> instead of the mordhlv mortea¢e insurance premium;
<br />- r Second,to nny taxes,special aszessments, leusehold payments or ground rents,�nd fire,fluc►sl nn�3 Athee hazard�nsurencc
<br /> prcnuums,ns required;
<br /> • Thiid,to interest duc under the Note;
<br /> ho'urth,to amottication of the pfincipal of the Note; .
<br /> Fiftl�,to latc charges due undcr tho Nutc.
<br /> ��4RINE) Papa 2 ot 6 .
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