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<br /> ' TOGETHER WITH all the im�rovements now or hercaftcr erected on the prop�rty, and ttU eusements, _
<br /> nppurtenances,and fixtures now or hereattcr a psut of the property. All replacements and add�uons shall also be wvered
<br /> by thia Securtty Instrument. AU of thc foregoing is ret'encd to in this Security Instrumr:nt as the"Property."
<br /> BoReowete(:ovNNnNTS that Botrower is lawfully seised of the estute heteby conveyed and has thr nght to grunt and ;,;-
<br /> cunvey the Property and that the Property is unencumbered, except for encumbrance:s of record. Bonower warrants and w:
<br /> wUl defend generally the title to the Property against all claitns and demands,subject to any encumbrances of record. __ __
<br /> � Tn�s SecueiTV INSrRUM�NT combines uniform wvenants for national use and non-uniform covenants wlth limited „ - -_
<br /> ! variations by jurisdiction to constitute a aniform security instrument covering real property. --�
<br /> l 1 UNiroeM Cov�NnNis.Borrower aad Lxnder covenant and agree as follows: ' .'==—
<br /> -��" I 1.Payment ot Prtacipal aud Interest; Prepayment and Late Charges. Borrower shall promptly pay when due s;:"'�
<br /> � ° i the princtpal of und interest on the debt evldenced by the Note and any prepayment and late charges due under the Note. `.� �__
<br /> � 2.Funds for Taxes and In.wuruace. Subject to applicable law or to a written waiver by Lxnder. Borrower shall pay `-_
<br /> ; to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum("Funds") for: (a) � .�=`
<br /> ycurly taxes and assessments which may attain priority over this Sccurity Instrument as a lien on the Property; (b)yeazly __
<br /> i leasehold puyments or ground rents on the Propeny, if any; (c)yearly hazard or property insurance prerruums; (d)yeazly -
<br /> fluod insurance premiums, if any;(e)yeazly mortgage insurance preiruums, it any;and(t) any sums payablr by Borrower _ _
<br /> � to L,ender, in accordancr with chr provisions ot'paragraph 8, in lieu of the payment of mortgage insurance premiums. -�=�`
<br /> •; These items are called "Escrow Items." Lender naay, at any time, c:ollect and hold Funds in an amount not to exceed the ����:��._
<br /> maximum aznount a lender for a federally related mortgage loan may require for Bonower's escrow account under the �•=
<br /> federal Real Estate Settlement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2601 et seq. �� _
<br /> � ("RESPA"), unless another law that ap lie�to the Funds sets a lesser amount. I f so, Lxnder may.at any ti�ne,collect and �"
<br /> ; i hold Funds in an amount not to ex�the lesser amount. Lender may estimate the amount of Funds due on t he bas is o f ��~
<br /> t I cunent data and reasonable estimates of expenditures of future Escrow Items or odierwlse in accordance with applicable _�,��.
<br /> � law. .;��'
<br /> r The Funds shall be held in an institutioa wbose deposits are insured by a federal agency, instrumeatality, or entity F�..�
<br /> • (including Lender, if Lender is�uch an instltutioa)or in any Federel Home L.oan Bank. Lender shall apply the Funds to -- __
<br /> pay the Escrow Items. Lender may no! charge Borrower for holding and applying the Funds, annually analyzIng the _
<br /> �5.1 escrow accouat, or verifying the Escrow Items, ualess Lender pays Borrower mterest on the Fiunds and applicable law
<br /> Qermits Lender to make such a chazge. However, L.ender muy requirc Borrower to pay a one-time charge for an �-
<br /> �r� �adependent real estate tax reporting service used by Lender in wnnection with this loan, unless applicable law provides y�u
<br /> �.� otherwise. LJnless an agreement �s made or applicable law requirc-s interest to be paid. Lender shall uot be required to pay ,,��,��, -
<br /> Borrower any interest or earnings on the Funds. Borrower and Leader may agree u►writissg,however, that interest shall be ��-
<br /> ' paid on the Funds.Lender shall give to Banower,without charge,an annual ac:counting of the Funds, st�owing credits and [:�F:��
<br /> � � � debits to We Funds and the purpose for which each debit to the Funds was made. 1'he Funds are pledged as additional �;��:a
<br /> securlty for all sums secured by this Security Instrument.
<br /> � 1 If the Funds held by Lender exceed the amounts permitted to be held by applicable law. Leader shall account to _
<br />- - � � Horrower ior che excess Funds ia ac;cordunc:c wiih t�c ccyuuruiCiltn�f upplicab2e faw. If itic atctausss of:he Funds h�ld hy =_ _ —
<br /> I Lender at any time is not sufficient to pay the Escrow Items when due, L,ender may so notify Borrower in writing,and, in � __
<br /> such cuse Bonower shall pay to L.ender the annouat aecessary to make up the deficiency. Borrower shall make up We ���
<br /> deficiency in no more than twelve monthly payrnents, at Lender's sole discreuon. ___
<br /> Upon payment in full of all sums secured by this Security Instrument, I.ender shall promptly refund to Bottower �� __
<br /> � aay Funds held by Lender. If. under paragraph 21, Lender shall acquire or sell the Property, Lender, priar to the °
<br /> ;• acquisit ion or s ale o f t he Pro�ercy, s h a l l app ly any Funds held by Ixnder at the tirne of ac quisition or sale as a credit �
<br /> � against the swns secureci by this Security Instniment. �°.
<br /> 3. AppUcat[on of Payments. Unless applicable law provides otherwise,all payments received by Lender uader
<br /> paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; secoad, to amounts puyable
<br /> t. ' under paragraph 2;third,to interest due;fourth, to principal due;and last,to uny late chaz�cs due under the Note.
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