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<br /> ' 'POGETf�R WTIH all ti�e unprovemen[s now or hereafter erected on ihe propeaty,and aD easements,apFurtenaaces,and :
<br /> fisn��c now nr��Rer a mrt of�he property.Rll repla:.emenu and additioas shalt aLso be covered by this Security Iastmment - . ---`--:-` ."-
<br /> � All of the foregoing is refemed to in this Seauity Insuusnent as the"Property." ---— •----- _-- _-�
<br /> BORROWER CQVS�i fANTS that Bormwer is lawfuUy seised of the estate hereby conveyed and fi�as the right to gcant and � ". ��•
<br /> � convey the Aroperty and tbat the Propeaty is unencumbcred.e�coept for encumbrances of record. Borrower warrants and w71 . ,. . : - -
<br />, � � defend gwerally the title to the Propeaty aga�st all claims and demands,subjecc w any encumbrances of record. .
<br /> , TI-IIS SECURITY INSTRUIu�NT combines uniforu►covenants for aational nse and no2-uniform covenanis with lirnited -
<br /> ` � variarions by jwisdicdon tn constiwte a aniform sec+uit5'instwnent covering real pmperty. _.:,:- . .- ,_.----=._ ' ..__ .:
<br /> • UNIFOR,M CO�EAIANTS.Bwmwer and L4uder coveaant aud agree as follows: . --
<br /> ; 1.Paymen4 ot 6'riadpal and Interest;Prepayruent and Late Chargcs. Baim�+er sh�ll promP�Y PaY when due the �'•./ • •,.�:
<br /> ; principa�of and interest an the debt evidenced by the Note and any prepaymeait and late charges due undsr t��Note. , . � .
<br /> . ' 2.E+tiunds tor Taxes and Insvranoe. Subled W a�plicable law or to a wriueu waive.r by Leadea,��rower st�aIl pay to ;. , . �
<br /> � L.euder on the day monthlY PaYments are due nnder the Nate,�mtil the Note is paid'm fu11,a sum{"Fmm�s°)for:(a)Yeaz1Y taxes . �.<�.�,.` • ..
<br /> and assessments w�ich rnay attain priority over this SOrauity Instiuraent as a livn on the Property;(b)Y�:r�y leasehold gayments . • . , .: �..:
<br /> or grouad reri�s on the Progerty,if anY.(c)YearIy��cd or pmp�ty insutance�iums:(d)Yearly flood�orance premiums,if . Y�_-:,.:,�:,.:'�;��
<br />: �Y:(e)Y�Y mortgege insviance premiums,if any:s�d(��Y �Pal'abte by Borro�vea to Lender,i�Eccordance with the ; ..
<br /> pmvi..�.�of puagiapb 8, in lieu of she paymeat of m���ssuance premiurns.'Ihese items aze caIled "Escxow Items." �: �.
<br /> � Le�d��-y,at any time,collect�d hold Funds in an amovnt c3t�eaceed the maaimum amount a lender for a fede�ally related � • �4•�-_••
<br /> mortgage loan may mqnire for Boimwer's escrow aocount under the fede�ai Real Fstare Settlement Yr�-es Act of 1974 as ; � '�"'�"�
<br /> • r�-,��..;.;.
<br /> asneaded from time ro time, 12 U.S.C.Section 2601 et seq. ("RESPA").untess anothea law t�at applies to s'��Funds sets a lesser , � • Y.. -
<br /> . aaiovnt i:so, Lenda may,at any tiffie,coltect and hold Funds in an amount not to eaceed d�e le�amount Leader may .}� :"'�_.'�_
<br /> estimare:3ie amount of Funds das on t9�e bavs of c�ureat data and reasonab2e esUmates of ex�sr',:�sues of faUue F.scrow 1t�s or `�f
<br /> � otherwise m accordance with applicable law. � ��`�`f`';�`-.?__�`
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<br /> � 'Itie Funds shall be held'm an institution whose deposits are uisvned by a federal agency.instnamen�!:ty,or entity(inclu � . :,;.:�°^,�
<br /> • I,euder,if Lender is sach an iastitntion)or in any Fedewl Home Loan Bank.Lender sUaII appty t�e��tn pay the Escrow � . �� . � ':
<br /> Items.Lendea may not charge Borrower for holding and applying the Funds,annvally analyaing�he esa�w�count,or verifying ' ��I��
<br /> ., the TsSCrow Items.unless Leader pays Borrowea interest on the Funds and hcable law I.saz�b make sucd a charge. - . _ .� • I�+..-.'�
<br /> , However,[ra►der may require Barmwer tn pay a on�dme charge for an inde,pendent reai�tax re�rting seivice used by �. ;,�+��i
<br /> • i�u d�m o o�n�n v�h t h i s l o a n,�m l�a�p li c�b l e l a w p ro v i d e s o t h�w i s e.U n l e s s a n a�eement is�e or a p plicabte law �.��. ��
<br /> requses inA�rest tu tse�d,I.eader shall not be required to pay Brnrower any interesc ar ea�-aings on�ti�ds.Boao�res and ,_:-:-.=-_.�,__•-=� - `---
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<br /> . L�ender may a�ee�w�n8+dowever,that int�at shall be paid on the Funtls.I�ndea shall give w Borrow�,withaut charge,an ,,��•_,.
<br /> ann u a l acxountin of the Funds,showin credits and debits to the Funds and the pmpose fa�r which each debit to the Funds was , :°'':' °�-_.��--��...
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<br /> made.'I�e Funds are pledged as add'uional securiry for all snms sec�red by this Seturity Insosr��t ''�`• F�.
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<br /> If the Funds held by Le�der eaoeed the amounts peimiued tn be held by applicable law,Lender shall account w Borrowea for L
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<br /> the ea�cess Funds in acca�ce with the requiremeats of applicable law.lf the amount of the Fmnds held i�a�d�at any time is -`�r � _ :�i��«
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<br /> ; aot snfGaent to pay tM E,.Rrow Items whe�dae,I.ender may so no l i f y Botron+ea in writing,an d,in snch c�e Borrower shall pay '�'"t ,. �� ' ��.°
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<br /> to Lendea the amonnt neressary to make up the deficiency. Bonow�shall make up the deficiency in no more t1�mm twehre
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<br /> � manthiY PaYm�t.:,�sI.�der's sole '�on. �, '�� -
<br /> Up�n paymeat in full of all sums secured by this Seaaity Tnstrumen�Lendea shall pmmpdy refimd to Boaower any Faads --
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