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<br /> TOGETNEIZ W!'fH all thc impruvcnunts now or hereafter erected on thc property. unJ:dl cascmcnty. uppurtcmmccti,ana
<br /> fixtures now on c�rcuflcr u pan ��f' thc properry. All rcplaccmcnts und additions �hull •rltiu hc a�vcrcd by this Sccurity �
<br /> �a Inslruntent. All oi�lhe fnregc�ing is rcfcrred to in ihis Security Instrumcnt u,thc "Property.'
<br /> ,�; BOItItOWER COVE'sNANTS thut Bormwcr is lawfully sciscd nf thr estatc hcrcby cunvcycd.uid I�as thr right to grunt und �
<br /> ? convey the Prapeny und thut the Property is unencumbercd, except for encumUruiires uf record. Borrower wurrunts and will
<br /> ::; dcfcnd gcncrally thc t itic tn the Property u@ninst all rluims und dcmands,suhjcrt to uny cnrumbranccs��f rccord.
<br /> THIS SECURITY INSTRUM�NT combincs unifarm rovenants for nationul usc nnd non-unifurm covcnunts with limitcd
<br /> � '�'.`_'� vuriatinns by jurisdiction[o constitute u uniform sccurity instrument covering reul properry. -
<br /> UNIFORM COVENANTS. Borrowcr und l.endcrcuvcnunt und agrcc us folimvs:
<br /> 1. Pn�n�ent oP Princlpnl nnd Inter�st; Prepuyment and l.atc Chnrges. Borrower shall pranpdy pay whcn duc thc
<br /> �r�- • principal of und intcrest on the debt evidenced by the Notc und any prcpuyment and latc chargcs duc under the Note.
<br /> �'� 2. Funds for Taxe.v nnd Insurancc. Subjcct to upplicuble law or to a writtcn aaivcr by Lcndcr. Darrowcr shall pay to ':
<br /> u� Lender on thc day monthly payments arc due undcr the Notc, until the Note is paid in full, u sum("Funds") for: (t+)ycurly tuxes �:.,
<br /> �x �nd asscssments whicti muy nttain priority over this Security Instrument as a licn on the Property: (b)yeurly Ieusehold payments �"�
<br /> �r or ground ren[s on thc Property,if any;(c)yearly hazard or propeny insurance premiums; (d)yeArly flood insurance premiums, �_
<br /> if any; (e) yearly mongage insurance premiums,if any; and (� any sums payable by Borrower to Lender, in uccordunee with =6�
<br /> the provisions of parugrsph S, in lieu of the payment of mortgage insurance premiums.The.�e items are called"Escrow Items." �.
<br /> . " Lender may,at any time, collect and hold Funds in an amount not to excee�d the maximum umount a Iender for n fedemlly —
<br /> � ' �� related mortgage luan muy require for Borrowcr's cscro�e account under the feder�l Renl Patate Setdement Procedures Act of _
<br /> 1974 as amended(rom time to time, 12 U.S.C.Section 2601 er seq. ("RESPA">, unless anothcr law thut applies to the Funds -
<br />- - ° sets a Icsser amount. lf so, Lendcr may, at any time, collect and hold Funds iu an amount not to excecd the lesser sirnount. __
<br />.,,_.;�,,�.,,,�f : Lender muy estimatc thc amount of Funds Jue on the basis of current data and re�sanable estimates of cxpenditures of future _
<br /> - ` ,''��`�!`., Escrow Items or otherwise in accordance with applicable law. __
<br /> `:: The Funds shc�ll be hetd in an institution whose deposits are insured by a federa! agency, instrumenutlity, or entity _
<br />��`'Y`����;; (including Lender.if I.ender is such an institution) ar in any Federal Home Loan Bunk.L.ender shall apply thc Funds to pny the _
<br /> -��•;?+ � Escrow Items.Lender may not churge Bonower for holding and applying the Punds,annually analyzing the escrow uccount,or _
<br />-=---`_ ; verifying the Escrow Items,unless L.ender pays Borro�ver interest on the Funds and upplicable law permits Lend�:r ta make such
<br /> `-.;:;�;t,��,�� a charge. Ho�vever, L�:nder may require Borrower to pay a one-time charge for an independent reul estate tax reporting service
<br /> ``"-'"'='`�`;� used by Lender in connection with this loan, unless applicable law provides otherwise. Unlcss an agreement is made or
<br /> �' , , uYp;�ci,�lc iaw r..y�ires inic:�.>2 ta�gsi�,i.snder shW�! r.�r h�rPC���ir�d t��ay Borrower any interest or earninfis on the Funds.
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<br /> °�:;• �::;�' Borrower and Lender may agree in writing, however,that interest shall be paid on the Funds. b.endcr shall give to Bonower,
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<br /> -����a without charge. un annual accaunting of the Funds,showing credits and debits to the Funds and the purpose for which eac
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<br /> r��-�.'� debit ta the Funds was made.The Funds are pledgcd as additional security for all sums secured by this Security Instrument.
<br /> - — If the Funds held by Lender exceed die amounts permitted to be held by applicable law,Lender shall uccount to Borrower
<br /> "•�'�� for the excess Funds in accordance with the requieements of upplicable law. If the amaunt of thc Funds held by Lender at any
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<br /> - _ time is not sufficicnt to pay the Escrow Items when due. Lendcr may so notify Bonower in writing,and,in such cuse orrower
<br /> -----� shall pay to Lender the amount necessary to malce up the deficiency. Borrower shall make up the deficiency in no mora than
<br /> --"•°'°Y-� ' twelve monthly payments,at Lender's sole discrction.
<br /> - Upon payment in full of all sums secured by this Security Instcument, Lender shall promptly refund ta Borrower any
<br /> --- Funds held by L.ender.If,under paragraph 21.Lender shall acquire or sell the Property. Lender,prior to the acquisition ar sale
<br /> -- of the Propeny, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by
<br /> ' this Security Insttument.
<br /> 3.Agpllcatfon of Payments.Unless applicablc law provides otherwise,all payments received by Lendcr under paragrephs
<br /> - = 1 nnd 2 shall be applied: f►rst. to any prepayment charges due under the Note; second, to amounts payable under paragraph 2;
<br /> third.to interest due;fourth,ta principal due; and last, to any late charges due under the Note.
<br /> =;w;;� 4.Charges;Liens. Borrower shall pay all taxe.e, assessments, charges, fines and impositions attributable to thc Property
<br /> - _ _ which may attain priority over this Security Instrument,and leasehold payments or ground rents, if any. Bonower shall pay
<br /> these obligations in the manner provided in paragraph 2.or if not paid in that manner,Borrower shall pay them on time directly
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