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<br /> `• TOQETHER WITH all the Improvements now or hereaftcr crocted on the property, and all oasements, eppurtenances, end �___,
<br /> � fixturoa now ar herenfter a part ot the property. All reptucementa and addilions ahnll also be cove:od by thls Security Inotrument.
<br /> All of tho forogoing Is r�icrted to In this Secu�ity Instrumen4 ne the'Property."
<br /> � BORROWEN GOV�NANTS thal 8orrowcr I� la�vlully seizod oi tha ostuto hereby conveyod nnd has tho right to �rant and
<br /> convoy tho Properly nnd thflt tho Properiy Is uncncurnbered, oxcept for cncumbrnncas ot record. 8orrawar warrnnts and will
<br /> �� defend pencralty the titlo to tho Proporty n�alnst nll clolms and demand�, cubJact to any encumbrancos o1 racord. �
<br /> THIS fiECUR1IY INSTFiUMENT combinea unilorm covenente tor nntlonnl uoo ond non•unHorm covenunts with Ifmllod �
<br /> ` varintlons by Jurlsdlction to concstltuto e untiorm oocurity Inatrument covn►inp real pruperty. '
<br /> UNIFORlM COVENANTS. Bortower nnd Lander covenant and ngree ae foA�we: p y P Y
<br /> i� 1. Paymont ot Prinalpel and i�tevest; Prepayment and Late Charges. Bortowor shall prom u a when
<br /> duo tho prfnclp�l 01 and Interost on the debt evidenced by the Note end any prepayment and late charges due under the Nate.
<br /> .-.:�, 2. Fu��a�a 4or'TaTCOe ^�nd lnsurance. SubJect to nppllcablo law or to a wdtten walver by Lender.Borrower shall pay �
<br /> - „_�,, j� to Lender on the day monthry paymenta ero due uuu�i ti�a .ata.srtl: !ha No!e!s natd in full. e aunP('rtF'/unds"} 1or. (a� ycarly �.-.�°� ,_._
<br /> � t texes and essossments wi�lch mey stteln pdorlry over thls Socurity Inetrument as a Ilen on the Pro e @) yeady leasehotd :;:���
<br /> " � .,� payments or ground rents on the Property, it nny; (c) yenrly hazard or property Insurence premlums; (d) yeariy tlood insuranoe �
<br /> .����� Pa moKgage Insurance remlums. I}en ; and (�any sums payable b y Borrower to Lender In accordanco ��
<br /> premiums,if eny; (e)y. rN p y --
<br /> wlth the provlslone of paragrn�h 8. In Ileu o1 the payment of murtflage Insurance promlums. ?hese Items are called 'Escrow'w
<br /> items.' Lender mey, et any tlmo, collect and hold Funds In an amount not to exceed the maxlmum amount n lender tor a�`
<br /> �°� tederally related modgsge loan mey require for Bortower's escrow eccount under the fedaral Real E3tate Soltiement Procaduros ; � ;.'
<br /> Act of 1874 ae emended trom tlme to time, 17. U.S.C. �2601 et seq. ("RESPA'), unless another law thnt applles to the Funds �if{
<br /> �'� sets a lesser emount. If so, Lender may, at any tlme, coltect snd hoid Funds In an amount not to exceod the iesser amount. `-�
<br /> Lender may estimate the amount of Funds dua on the basis of curzent date and reasonable estimates of expendit�eres of futuro
<br /> � � Escrow Items or otherwise In accordunco wlth uppllcablo Inw. �h'=°
<br /> The Funds shall be held in en Institullan whoso deposfts are insured by e federal agency,instrumentel(ty, or entity (Including 3,4;
<br /> ' Lender, If Lender Is such en InsUtutlon) or In any Federal Homo Loan Bank. Lender shall appy tha Funds to pey the Escrow ���::.`
<br /> •�{�' �� Items. Lender may not charge Borrower for halding end applying tho Funds, ennually enalyzing the escrow acoount, or vedtying ---
<br /> the Escrow Items, unless Lender pays Borrower Interest on the Funds and applicable law permito Lender to make such e
<br /> charge. However, I.ender may require dortower to pay a one-time charga lor en Indapendent rcal o�tnte tax reportinp servlce -__ _
<br /> usad by Lender In connection wlth thls laan, unless epplicable law provides otherwise. Unlass an agreement is mado or =
<br /> applicable law requlres Interest to be pald, Le�der shau not be reQulred to pay Bortnwer any Interest or eamings on the Funds. -�
<br /> Borrower and Lender may agree In wdting, however, +hat Intereat shall bo paid on the Funds. Lender shail give to Bortower,
<br /> ��� wlthout charge, an annual eccounting of the Funds, showing credits and debits to the Funda end the purpose for whloh each �F�?-
<br /> �� debit to the Funds was made. The Fundc ere pledged es additional se.udty for all sums securod by tfie Security Instrument. -
<br /> a:`�','; If the Funds held by Lender exceed ihe emounts pertnitted to be held by epplicqblo law, Lender shall accaurt to Bortower ��;
<br /> � ° tor the excess Funds In accordance wfth lhe requirements ot applicabla law. If the amount ot the Funds heid by Lender at any �
<br /> :�rM��cn�1
<br /> z time is not sutticlent tu pay the Escrow Items when due, Lender may so rotify BoROwer In writing, end, in such case 9ortower -
<br /> shall pey to Lender the amount necessery to make up the deficlency. Borrower shall make up the deflciency in no more than
<br /> M- tweh�e monthty payments, at Lender's sole discretlon.
<br /> ,4..1��•'� Upon payment in NII oi all sums socured by thls Securiry Instrument, Lender shall promptly refund to BoROwer any Funds
<br />_ :,�;,p, , held by Lender. Ii, under paragrnph 21, Lender shall acqulre or sell 'he P^op�qrry, ae"a aedit�aaein tethe suma�secured by hls
<br /> -;`=:�..::-ti�k PropeKy, ohail eFPN sny runds neid'uy �e���r ai 2F� .,r.:��!seqs!_._-•- -. - - .
<br /> °y'.. ° ' Security Insuument.
<br /> s:"• ' *`'� . 3. AppIlC�tlOn of Paymsnt9. Unless aFpticabie law pravldes otherwise, ull payments received by Lender under
<br /> '� :.�'y,•.-, paragrepha 1 end 2 ahall be applled: flret, to any prepayment charges due under the Note; second,to emounts payable under
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