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<br /> • TOGETHER WiTH all the impmv�nent�naw or heteafter etected on the property.and all easements.appurte�nses.and , • � ,
<br /> � � , �� • fun�res a�w or heceat�er a part of the properry. All replacemeuts and adcfidonc sha11 also 6e covered by this Seivriry • .
<br /> ' lamumenG All of the foregoing is cefetred to in this Securiry Iastn�ent as the'Property.° ,` '
<br /> � ' BORROVYER COVENANTS d�at Bonower is lawfiully seised of the estate heteby conveyed and has the right m ga�and f
<br /> � . � come the Pmperty aac!that the Property is uneacumhered.eacept for encumbrauce,c of recaM. Borrower warranss and will `.. ` � - ,,.
<br /> _ __ _ _ y �— � �,. . _
<br /> . defend gener.�ly dte titte w the Property agaiast all claims a n d d e m a n d s,su bject to aay e n c u m brances o f r e c o r d. F .. :�•�
<br /> ' . � TFIIS SECURITY INS'ITt[JMENT combines unifotm coveaants fir national ase and non uniform covenants witb limited !,�. �
<br /> . : � wauations by jurisdiction to coasbitate s uaifomm secu�ity inmument coveiin,g real pmperty. �'�.." .
<br /> � UNIFORM COVBNANTS.Boaower and Lender covenant and agrce as follows: �` - � `��
<br /> �. z.:.> .
<br /> . ' 1. Payment of Prindpal and L�Lar�sl;Pc�alm�t and Late Charges. Bormwer sball P�P�Y Pay when due the . <,;���,.� ':_
<br /> - Principal of and inre�est on the debt evideaced by the Note and anY P�Yment and late charges due nnder the Note. - _ - -_
<br /> 2. �nnds for Taa�s and lasw�aace. Snbject to applicable law or w a wriuen vvaiver by L�ender,Bonower svari pay w - _._.
<br /> , Lender on the day monthly payments are due under the Note.m�the Note LS paid ia fall,a sam('Funds')for.(a)Year1Y t�aes ' �: •---_
<br /> and a�ents wHich maq attain priority wer this Sean�iry Insaament as a Gen on the Property;(b?Y�Y leasehold payments . . � � _-•—
<br /> ' • , ar gronnd rents on the property.if any;(c)Year1Y bazard or property mstna�ace premiums;(d)Yearly ttaad in�auce premiums. -
<br /> - i��ny: {e)Yearlq mortgage insarance praniams,if a�►;and(�az►Y st�Payable by Bortower w Lender.in aocardance with : •-�,:_,
<br /> , . tbe pt+ovLdons of paragiaph S.in lien of the papment of mortgage insu�ance p�emiams.These items are called°Pscrow Items.' -
<br /> :� t- Leuder maq.at a�r time,collea and hold Fauds in an amo�mt nnt to excced the maaimum amouns a lender for a fede:aU9 - .��
<br /> , : ` :> :�; relatett mortgage toaa may requite for Bormwer•s escraw accaunt under the federal Rr,al Estate Set@en�u Ptoce�ues Act of ... _.�_—
<br /> - .. � t �; 1914 as amended from time w time. 12 II.S.C.Section 2601 a seq.(°RBSPA°),unless anothes law�at appiies w the Funds �".+'_�=�=�
<br /> . sets a lesser amo�as.If so,Lender may,ai aag time, collect and hold Fands in an amount nat w esceed the lesser amaunt. ' . .. ;�- -
<br /> , , f'�f Lender may estimaze the amawnt of Fands dne on tLe basis of current data and reasonable estimates of expendit�res of fnmze �a�_
<br /> Escmw Items or otheca+ise in accordance with applicable law. ' _ '�•.:�-,
<br /> .. , . _ '14� Fnnds shall be held in an institation whose depostts are insared by a feder�l ageacy. instrmnenfa]itY, or entity ,�",` -
<br /> � '. . � ; Cmcluding Lettder.if L.ender is sach an im�titntion)or in aay Fedezal Home Loan Bank.I.ender shall apply the Funds to pay the 1�-_
<br /> Bscaow It�s.I.ender may not charge Borrawer for holding and applying the Fands,annually analqzing the escivw ac�unt.or '� �' :�"'_:'�-'--``�
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<br /> ' . : : vedfpiag the Escrow Items,unless I.ender paps Bazmwer interesY on the Funds and applicable law pemuts I�ender w make sacli -3.�,.=;
<br /> �;,�f Bormwer w a a one-time cLar e for an independeut real estate tax repor�sesvice � .� t %'�.•`
<br /> a c1�ge.Aowever,Lender mary require P Y S •:.s.;;�,��
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<br /> .r used bq Lender ia connection wIth this loan, �mless applicable law provides othecwise. Unless an agreemeni is made or • ,.f::,,..,�,--.:
<br /> . .� •� applicable law zequires interest to be paid.Lender shall not be�eguired to pay Borrower any interest or eaznings oa the Fvnds. :.".�,Y'` •�;•''�'�:
<br /> � � Borrower and Lender may agree iu writing.however,that iatemst shall be paid on t6e Fands. Lender shal!give ro Borrower, .: � �';
<br /> , � � withont charge. an anm�al acconnting of tlue Pands.showiag credits and debits to the Fnnds and the pnrpose foT whicb eaci� . _ . ;"=�
<br /> :%' .—.
<br /> . _ debit to the Funds was made.The Funds are pledged as addidonal secauty for all sums secured by this Security Instnmient. .. •
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