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<br /> .. `��` � • • � and'all psemen���urten�az�cc�I and F< <' � . :c`
<br /> TpGET'HER WiTH all the iaipmvements now on c�rcaftcr ctxted on thc praperty. aPP : ,
<br /> � fucuues now or hereaftcr a part of We propercY..°►11 rePlaccmcnts and additions shall atso be covcrcd by ti�is Security I►�saumcnt • ,
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<br /> . ..,•~,`--��`,'"� All of the fo�oing is refeired W ia this Secusity Instrument as ihc"Property." - `:�'� , � '
<br /> :=_�--_�-' BQRROINER COVEPIANfS tLat Borrowcc is lawfully scised of the cstate 6ereby convcycd and t�as the right to grar►t and _'� y � T;'^:
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<br /> ' �.s wnvey the Property and that the ProFenY �s uneACUmbereci.eacept for encumbrances ot rcxord. Bonower waaants and wi11 , .. .
<br /> ° defend general�y thc utte tn the Prupe�ty against a11 Glaims and demands,subject w any eacumbrances of�cord r' �'
<br /> .� `. �z THIS SECURITY INSTRUNIENT corabines uniform covcnants for nationa! use and non-uniforn► covenanu with limited • �� ;r` .
<br />- _ . � 's variations by jurisdicdon tfl consliwte a uniform securitY insuumeut covering real proP�Y- � �. �,.-� ',: ',
<br /> UNIFORM COVENANTS.Botrov�+er and L�mder cove�aant and agrce as foltows: °
<br /> �-� . ` 1.Faywent oY PrIacipa!and Interest;Prepayment and Late Cdarges. Sorrower shall promptly pay whea dae the .
<br /> ' " �' principa!of and interest on the debt evidenced by the Note and any prepayment and late charges due un�x ihe Note. . -,
<br /> :�` - '` �e Z.Fuads for Taxes and Insuraace. Subject to applicabie law os to a wriuen waiver by L.ender, Borrower shall pay N �f � �_
<br /> _ . , l.eader on the day monthlY PaYmeau are due under the Nate.until the l�tote is paid in fuU,a sum("Funds")for.(a)yearly ta�cee :, �,�� ;`.��;.
<br /> '��,..r • ' and assessments whicb may atrain priosity ovu this Secucity Ins�trumeat as a Gen on the PcopenY;{b)Yearly leasehold payaients :-�`��=.
<br /> t� . { or g�auad renu on the Property,if any;(c)Yeuly hazazd or pmpeny ias�mance premiums:(d)Yearly flaad insuraace premiums,if
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<br /> . '. . �•:`; any.(e)Yearty mortgage insurance premiums,if any;and(�anY sums Paya6Ie by Borrower tn Lender,in accardaace with the . ;�. ._. ____
<br /> �,� provisions of paragraph 8, in Geu of the payment of mongage insurance premiums• Thcse iteA►s are ralled �Sa°w Itetns."
<br /> � . . ..I Lender may,at any tune.collea and hold Funds in an amount aot w exceed the maximum amount a leader for a federally retated _
<br /> ;f,` � ' •t�:` mortgage loan may require for Sorrower's escrow account under the federal Real Fstate Seukment Pracedures Act of 1974 as y
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<br /> ' - �'�r amended fmm tune w time, 12 U.S.C. Secdon 2601 et seq. ("RESPA"),unless another law that applies to!he Funds seis a lesser ,
<br /> • • � .: ;`� arnounG ff so,Lender may. at any time,wllect and hold Funds in an amo�mt not w exceed the lesses amount Lender may ' '__
<br /> ';' • cstimate the amasnt of Funds due on the basis of currcnt data and reasonablc estimates of cxpendiwres of futurc Escrow Items or
<br /> ;�' . . ,' othenvise in accordance with applicahte law. . - �:�� _
<br /> ' � � ..�� Thc Funds shall be held in an instituuon whose dcposits ace insured by a federal agency,inslrumentality,or eatiey C�cIuding
<br /> •� i.ender.if Lender is such an instiwuon)or u►any Federal Home l.oan Bank.Lender shall apply the Funds to pay the fiscrow `�� _
<br /> � � � �` • �� Iteaic:Lender may noi ctiarge Boirower for hotding and applying the Funds,annualtY analYzing the escrow account,or verigyIItB ;, 1 -
<br />•.;';;:• . '.',i the Fscrow Items, w�less l.endex pays Horrower inte.rest on the Fuads and app➢icable law pennits Lender tn make such a charge. . ..;;�„�,:
<br /> ' � However,Lendet may require Borrower to pay a on�ame charge for an independent real estate tax regorau►g service used by :::�,�
<br /> • l.ender in co�ection with this loan,anless appGcable law provides othervvise.Unless an agreement is made or applicable law , ��,�`-�
<br /> . ~`� r�q�ir�s interest to be paid, i,cncter shall not be requircd w pay Boaowcr any intcrest or eamings an the Funds.Horrower and ' � ;t�-.
<br /> . •- - � l.ender may agnee in writing,however,that interest shall bc paid on�hc Funds.L.endcr shaU give to Boaower.without charge.an =;�` `"_
<br /> annnal accounung of che Funds,showing credits and debiu to the Funds and the purpose for which each debit w the Funds was '•��.'�-__
<br /> • ' • �.• made.The Funds are pledged a�additional scxurity for all sums secured by this Security Insaumenl. •.`s M1
<br /> ' � . �� If the Funds held by Lcnda cxcccd the amounts permiucd to be hetd by applicable law,Lcnder shall account to Borrowcr for , a:•;,,�x:
<br /> •,< • • � the exccxs Funds in acwrdance with the requuemen�s af applicable law.If the amounl of the Funds held by L.ender at any cime is ,,�;,�
<br />_ ' . � not sufficient w pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in such case Borrower shall pay , ' .��
<br /> to Lender the amount necessuy to make up the deficiency. Borrower shall make up the deficiency in no more than twelve ��•
<br /> " �� �� � monthly paymeats,a[Len�er's sotc discretion. =
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