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<br /> I 'I'aG�'fH�R WITH all the improvcments no�v or hercafter erecGCd an lhe pruperry, nnd�11 etuemen�s, appurtennnces,nnd
<br /> fixuues now or hereafter a psut af tho pro�eny.All replocenients a�id uddidons eh�l!a!so be cavered by thiv Security Insorument.
<br /> � All of ttio foxc�oing is rcFcrrcd ta in thia Sccuriry Instrumcnt as the"Pmp;,rty." •
<br /> � DOItItOWBR COVENANI'�that Horrower is luwfully selsed of thc estute hcreby convcyed and has the right W grant and
<br /> cAnvey tho Property and thst the Property is unencumbesed,except for encicmbrances of eccnrd. Boerower warrants end will
<br /> defend generall/the dtte to the Prop:,ity against all claims cnd demm�ds.sublezt to any encumbrances af rcxord.
<br /> � THTS SECURITY INS7RUIMENT combines unlform covenants for nadonal use and non•unifarm covenants with limited �� ,
<br /> varlatians by Jurisdicdon to constiwt�a uniform secudty instrument covedng real property.
<br /> �;�;,,,�,�� UNIFURM COVETVAIVT'S.Hormwer and I�ndcr covcnant and agr�c as follows:
<br /> " . ;,. .:,� 1.Fwyueent of Yrdnclpal and Inteeest;Prepayment and Late Ch�rges. Darrower shnll prompdy pay when duc Ihe '
<br /> � ' princip�!of and Intereat on thc dcbt evidcnced by the Note and nny prepayment and L�te chprges due undcr the Note. �
<br /> • . ' 2.Fuads for Tnxes and Insuranse. Subject to applic�ble lni�� or to a��nitien �vffiver by I.�nder, Horrower shell pay to �
<br /> � Lender on thc day monthly puyrncnts are duc under the Note,until the Note is pald in fnll,a sum("Funds") for.(a)yearly taxes :L'''�
<br /> " and assessments which may att�ia prioriry ovcr tt�Is Security Instrumant as a llen on the Property;(b)yearly leusehold payments .�';;=`:
<br /> ' or ground��ents on the Propeny,If any;(c)yeatly hezard or�roperty Insutance ptemiums;(d)yearly tlood insurance premiums,if �•.�r.��
<br /> ' any;(e)yearly moTtgage insuraince premiums,if any; end(�any suma payable bp Borrower to I.ender,in accordance with the "'' =+�
<br /> ' �" .';<,4;
<br /> provisions of paragraph 8, in lieu of the payment of mortgage insurance premlums. These items are called "�scrow Items." ;;."�-,-
<br /> Lender may,at eny time.calle�t and hold Funds in an amount not to execed the maxlmum amoxuit a lender for a federelly��elated ��=��
<br /> � � mortgege toan may require for Borrower's escrow account under the fedetnl Iteal Sstate Seulement Procedures Act of 1974 as ���^-.�,
<br /> '_.;:�:�
<br /> J� amended from time tn time,l2 U.S.C.Secdnn 2601 et seq. ("RESPA"),ualess another la�v that applies to the Funds scts a lessc,r ��q�,..-
<br /> �., : '��' amount If so, I.ender msty, at any time, coHect and hold Funds in an amount noi to excced the lesser amounG I.ender may "•,:�r� '
<br /> , estiwnate thc amount of Funds due on the basis of current data and reasonable estimates of expenQitures af futu�Escrow Items or .: -
<br /> . , '�� othcrwisa in nccordance with applicable law. --;'^
<br /> , y�: Thc F�nds shall be held in an insdwdon whQSe deposi�.5 t,re insured by a federnl agency.instrumentality,or endey(including ��?'=""
<br /> ,�'; ���r Lender.if Ixndcr is such en insdtution)or in any Fedeeal Home I.oan Bank.Lender shnll apply the Funds to pay the Bscrow -
<br /> `' . •_ Items.Lender may not charge Horrower far holding and applying tho Funsl.s,annuaUy analyzinE the escrotiv eccount,or verifying ��
<br /> a;,. •, the Bscrow Items,unless I.ender pays Borrower interest on the Funds and applicable law pemuts Lend�to make such a charge.
<br /> ,_.. However,I.ender may require Bo�rower to pay a one-tima charge for an Independent real estate tax reporting servIce used by -
<br /> " Lender in connocdon wlth this la�n.unless appllcable law provides otherwise.Unless an flgre.ement is made or appll:able law --
<br /> . _;^�,�•�:y� requires iate,�ts[to be paid,Lcn¢cr sha1I noi be c+equired io pay Bonower any iniuesi or c�minga on ine Funcls.fiomower and --
<br /> _r� ;,��"'" Lender may agree in writing,howevar,that interest shall be paid on the Funds.Lender shull givo to Borrower,without chnrge,an
<br />_:'`;;:r�-::' �: . � annual accounting of the F1�nda.showing credits and delsits to the Fund9 nnd the pu�pose for which each debit to the Funds w�v
<br />=�A;...,. ;;,,; � d made.The Funds arc pledged as addiaonal security for all aums secured by this Security Inswment
<br /> `-���'� `" � Tf the Funds held by Lender eaceed tlae amouncs perniitted to be held by applicable law,Lender shall zccount tn I�orrowes for
<br />_'�?�:��:a�'r�,:. � thc excoss Funds in accordance witl��ha ir,quirements of applicable law.If the amount of the�unds held by LenQer�t any tune Ls
<br /> -=;:�.,'��.�.:r not sufficient to pay the Escrow Items when due.Lender may so notiffy Borrower in writing,and,in such case Horrowcr shaU puy � —
<br />--����i1�; to I.ender tho emount necessary to make up tho deftciency. Borrower shall make up tha deficiency in no more than twe�ve
<br /> _.�.�''���''':'`'�, monthl�r PaYments.ei Lender's sofe discrction.
<br /> �?����� Upon paymcnt in full of all sums secured by this Security Instcument,Lender shall pmmpdy refund to Boirower any Fur,ds
<br /> -�=-���"'`��� held b Lender.If,under h 21,Lender shall ula�or sell the Pro
<br /> _.u�r�-r�14�, Y P�� �9 PenY�Lender.prior w the acquisition or sule of the
<br /> �.._... _ Property,shall a�ply any Funds 6ald by Y.enda at the ticn�of acqnisidon or salo as a cmdlt against t�e sums secured by this
<br /> '-= Sccuriry Inst�ument
<br /> ��°"""""`�'' 3.Appllcation otPayments. Unlsss appGcabla law provides othcrwise.all payments reocived by Le,nder under paragraphs
<br /> ����°= 1 sud 2 shall bo appliod: first,ta any prepayment charges duts uader the Nou;second.to amounts payable undcr paragraph 2;
<br /> -- third.w interest due;fourth,to principal due;and last,to any lat�charges due undu the Nate.
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