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<br /> 'IYXiRTHBR Wl7'H aU �ho imp�nivcmcn�g nuw on c�rc�ftcr ercctccl an Uio propcny� und sll ca�cmcnw,appurtcnanccs, And :
<br /> flxtures now an c�r�ufl�r u part ot tho propc.�ty.All rcplescmcn�+und�ddiUons Rhutl al.u�bc covcral t�y lhis�ceurity Insuumcnt.
<br /> Al)of Iho forcgoing is rcfcrrcd la in this Sccurity Inswmcnt av tho"Pro(�criy."
<br /> �� [30RROWf3R COVBiVAIV t'S thut BurY�owee ia luwfully s:.lscd of the estute hcreby conveycsf end hRS the right co grant And �
<br /> � convcy thA Property and lhat tho Property ls uncncumbcrcd. axccpt for cttcumbranc,�s af rccord Sorrowcr warrantx tmd will
<br /> ,, � dafend genernily tho Utic to the Prape�rty agcilnst all clatms anA demends,subjcct ta sny encumbrences of record.
<br /> . �•y"� Tfi1S SECURITY 1NSTRUMSNT combi►�es unifonn covcnants far nndonnl use and non-unifomi wvenanis wlth Iimitcd
<br /> �� �� � varindons by Jurisdi�don ta consdtuto a unifartn secur(ry inswment covcring rFUI property.
<br /> UNIFORM COVSNANTS.Iiorcowc�and Lcnder covcnent and egree as followa: . ,,
<br /> ! 1.�yiment of Principal and Interest; Frep�yment and Late Chargrs. Botrowec shall prompdy pvy when duc thc -:
<br /> ' princiFal of and interest on the debt evidenced by the Note and any prepayment end late charges due undes the Note. .,,��_-
<br /> 2.F�nds tor Taaes and Insurance. Subject to applicsblo law or W a written wniver by Lender, Borrower shall pay to .,:_�;..�__
<br /> Lender on the day monthly payments�re due under the Note� untll tho Nute is paid in full,a sum("Funds")for.(a)�early taxcs ,;„�,_"'=-
<br /> �', and asscssments which may attain priority over thls Securlty Instcument a�a lien on thc Property;(b)Yearly leasehold payments •��`'=
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<br /> or ground rents on tha Propeity.if any;{c) yearly ha�rd or property insuranc<s Premiume;(d)yearly flood Insurence premlums,if
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<br /> _ • any;(o)yearly mortgage insurance premiums,if any;and(� any sums payable by Borrower w Lender,in accordance with the ..;��,,,:
<br /> . pmvisions of paragrapl� 8, in Heu of the payment of mongage inswance premiums. 13►cse items are calleti "Bscrow Itcros." _•
<br /> Lender may,at any time,collect and hold Funds in ac�amount not to exceed the maximum amount a lender for a federally related `;'
<br /> mortgage loan may require for BorrowePS escrow account under the fede►al Real IIstnte Seulement Procedures Act of 1974 es �%,"�� ___
<br /> amended trom dme fo time, 12 U.S.C.Secdon 2601 et seq. ("RBSPA"),unless another law that applies tn the Fur►d5 sets a lesser �,�;>_`
<br /> � amount If so, Lender m3y, at eny time, collect and hold F'unds ir► an amount not to exceed the lesser amounG I.endc� mny :t�:�j,_::-�_
<br /> ��, ';. esdmate the amount of Funds due on the basi9 of currEnt data and reasonable cstimetes of expenditures of futwe Escrow Itcros or .,;,,���,;1, _
<br /> otherwise in sccordance with appllcable law. r 5;�'�r,=:.
<br /> ::: , The Funds shall be held in an institudon whosts deposits are lnsured by a federal agency,instrumentaliry,or endty(including ��•�„� :��. �
<br /> ; ';�;;��� �' I.ender,if Lendu is such an insdtution)o:3n any Federal Home Loan Bank.L.ender shull apply the Funds to pay tha Dscrow 4,.
<br /> � I ms.Lcnder ma not c har e Bonower for ho l d i ng an d a p p l y i n g t h e F u n d s,a n n u a p y a n a l y z i n g t h e e s cr ow accoun t,or verif yin g �..��`;"'�--_
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<br /> ,_',.� the 8scrow Itexns,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. �"""'y��
<br /> ' -�� However.Lender may tequire BoROwet to pay a one-time charge for an independeni reai wii�ic ia;►«----�ai �i3n8�r:'fw s�5� v �
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<br /> • Lender In connecdon with this loan, unless applicablc law provides othcrwisc. Unless an agreement is made or applicatle 1aw �' `�,
<br />� " ' requires intcrest to be paid.I.endcr shall nat be requirect to pay Borrowu any interest or eamings on the Funds.Borrower and
<br /> ''' � ' Lender may egree in writing,howaver,that interest sraU 6e�S+id on the Funds.Lender shall give w Barrawcr�without charge,en _
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<br /> annual ecoounting of the Funds.showing credlts end det�itv to the Funds end the gurpose for which each debit to the Funds wag �
<br /> made.'It�e Funds are pledged a9 additionel security for aU sums secural by this Security Instrumen� __
<br />_� •�� If the Ftmds held by I.endu eaceed the amounts pe�miued to be held by epplicable law,Lender shall account to Borrower for
<br /> tho excess Funds in aocordance with the requLements of applicable Itiw.If the amount of the Funds held by Lender at any ttme fs �;
<br /> � not suffic:ent to pay tho Escrow Items when duo,Lendu may so notify Borcower ln writLiB,and.in such case Borrower shall pay �:
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<br /> ' w Lender the amount nccessary w make up tha deficiency. BAaowu shall meke up the de�ciency in no moro than twelvo �
<br /> ��Y PaY�►ta,et Lcnder's sole dLsccction.
<br /> ' Upon payment in full of ell sums secured by thls SocurIty Instrument,L.cnder shall promptly rofund tn Borrowu any Funds ��
<br /> �-� �:*•�� • held by L.ender.If,under paragraph 21,L.ende,r shall ecquire or sell tho Property,Lender.prtor to tho acquisidon or sale of iho a�
<br />='"`•°�'�� Pmpetty� ahatl apply eny Funds held by Lenda at the time of ecquisition or sale as a credit against the sums secured by this �---
<br />;�•`�.'i,'•,.:: ;� Security Instrutnen� —
<br /> 2�°.'� ..���:� � 3.Appiledtbn ot 1°wymenta Unkss applicable law provides otherwise,all payments received by I.endu under paregr8phs
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