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<br /> 'PO(3ETl�ri: WIT�I all tho improvemsnts no�v on c�rcaftcr crated on the property,and all cascmen�s.appurtena►ices. and
<br /> fixwms now or hercaftr,r n p�ut of tho property.�111 replacements and uddidons shull also be covercd by this Security InsuumcnG
<br /> All of thc foregnina in rcferred w in this�ocuriry Inatnimcnt su thc"Prope►ry."
<br /> HORltOWi:.�:COVENMIZ'S Qint Barrowea iu(awfuUy scisc�i ot the c�t:te hereby canveycd and h�±s the rigM to grnne und
<br /> �. �' convey the Pm�ie.�y and that the Prop�rty is unnncumbered, execpt for encumbrances of record. Borrower wenants and will •
<br /> . ,��;� defend generall.1�dia dtte to the Property�gn[nst nll claims and demands.subject to eny encumbrances of record.
<br /> ,,�y;, THIS SECUi�ITY INSTRUNIENT cambinn�s� uniform covenants for nadonal use end non•unifarm covenunts with limited
<br /> ' ' variadons by Juru��licaan to consdtutc n uniform firr:urity insaumcne covGring rcal propcny. .
<br /> " UNIFORM�O'�ENANTS.Borrow�r nnst I,ca�dcr covcnAnt end agrce us[ollows: � � Whcn duc �hc ' 'S�
<br /> 1.Payment a61R•inr.ipsil end Ir�terest�['rc{►ttyment and Lutc Ch�rges. Borcovcr shmll promptly p.y .
<br /> principal of and intr.rest an tho debi nvid�nrcti by tha Matc nnd any prcpayment and IAtc chnrgcs duc undcr thc Notc. ��''__
<br /> Z.Funds for'�'a;cea and InsurAncc. 4ubj^��t� upplicnbla is►w or to u wducn w�lvcr by I.cnAcr,Elc�rrowcr shull pay to
<br /> . l.cndcr on tho de3�mandily puymcnts nra dufl undcr tha Now,unt�l�hc Not�is putd in full,a sum("Fund�') for. (a)yctuly wxcs "�
<br /> � nnd esscssmcnts wfdr.h mny atuun pti��rity ovra It�is Sccurlty Inswmcnt as a licn on tho Prop�rty;(b)yc,�uly Icaschnld paymcn4r , ;,,_..
<br /> ' ; ar ground rente on tha P'ropcny,if cu►y;(c)yru�tly ha.urd ar propersy Insurancc prcmiums:(d)ycarly tlond insurance premlums,tt �,''_'
<br /> - -- ;u,y:(e}y�;:,ntc;r�.�;t�.�c tn�tt!"•.tl�^ pn.'!!�inm�,!( ��;: �<<1{��ny cu►ns payable by Borrowcr to I.cndcr,In accordunca with Ihc � .``_
<br /> ° provisians of p�unIIr�ph B, in lio�� of eho p.s�ymr.nt of mongagc insurancc prcmiums, 'i7icsc itcros aru culled "8scruw Itcros"
<br /> ',� L.cnder may,at un�tfine,collcct nnsl hnld FunAa in a�e amoant not co excoed the maaimum amount a lendcr for a fcdcrnlly rclaud _-
<br /> mongago loan ma�mquire for Bosra�v�ir's �scrcjw account under tho federal Rcal Est�te Settlement Procedures Act of 1974 as ,••;,:..
<br /> amended from rima to time, 12 U.S.C.3ocdnn 9X:01 et seq. ("RBSPA"),unlcss another law that ap�lics to thc Funds scts a lesser -.._-
<br /> " nmounG If so, L.ender may, at any dmp,call�ct and hald Funds in an amount not to exceecl the lesser amounG L.ender may -
<br /> � cstimate tho amrnmt of Funds due on Q�t�bgsis of current data end reasonable estimaces of expenditures of future Escrow Items or .
<br /> othe�wise in accaralartce with appGcabla lnw. .'_'
<br />- "�. The Funclti sh�ll be hcld in an insdtution wt►n•se deposits ere ins�ved by a federal agency,ins�umentaliry,or en6ty(including
<br /> ��� Lender, if Lend�r ia such an institupon)or in any Federal Hom�Loan Banlc. I.ende�shaU apply the Funds to pay the Escrow
<br /> � Items.I.endar mny not churge Bolrowas for holding and applying the Funds,ennually enalyzing the esc:mw account,or verifyi�ig -
<br /> the Fscrow Itom�,unlass Lender pays F3am�tiv�r interest on the Funds and applicable lew pem�its Lender to make such a charge.
<br /> ' �� ' � However,I.�ndu may require Barrowesr to pay a one-time cherge ior an endependeni.ra+i�inta t� .cW":�8 �'sc�.u�:l b; -
<br /> . i Lender in cn+mccdon wtth this loan,unless np�JIcable law provides othenvise. Unless an agreement is made or applicable lew
<br /> requires int�mst to be puid,Len�zr shall nnl t�c rcquired to pay Borrower any inter2st or earnings on the Funds.Borrower and _
<br /> I.ender may uBree in wridng.however, thnt interr:st shall be paid an the Funds.L.ender s7��11 give to Borrower,without charge,an 4%;.,
<br /> - Annual eccoun�nB of the Funds,showing crcxlits end debits to the Funds and the purpose for which each debit W the Funds was �+e�t�
<br /> � , made.The Funds an:pledged as addidon�l ee�curi.ry for all sums secured by this Securiry InstrumenG
<br />:s:-.-• '� ,. If the Fwidy hald by Lencicr oxoeod tho amoimts permittecl w bc held by applicable Iaw,Lender shall eccount to Borrower for _.
<br />'�� the eacess Funds in accordan�c witli Q�u raquire�ncnts of applicable law.If the amount of the Funds l�eld by I.ender at any time is _�
<br /> - not sufficient tm pfly the Bscrc�w Items�vhen due.Lender may so r�oufy Bonower in writing,and,in such case Borrower shall pay ::_.
<br /> to Lender thu amount nece.sstny co msilco u Qic deficienc . Bonowcr s!►all meke u ihe de6cienc in no more than twelve ������
<br /> P Y P Y �:___
<br />��•; .; - monthly paymants,at i..endcr's sole discrction, „�-
<br /> '°:•:r�����:.,,., , Upon payment ln full of uU sums sacurcd by this Securicy Inswment, Lender shall prompfly refund to Sormwer any Funds _
<br /> _ �4'° •• held by Lendur.If,under paragraph 21,I.endra• shall acyuire or sell the Properry,Lender,prior to the acquisidon or sale of the ,��
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<br /> -�-:.�yy'"�:- � � Property,shall apply any Funds hald by Lender at tk�e time of acquisi6on or sale as a aedit against the sums secured by this u.;�::..
<br />��:-�`�" Sec�uiry Instiument. u_�
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<br /> _ .. ..�h� 3.AppUcatfom of�yments. Unlnss applfcable law provides othenvise,all payments received by Lender under pnrag:ap6s
<br />- 1 and 2 shall be applied: first,to any prep�yment charges due under the Note;second,to amounts payable under para�aph 2; _,
<br /> is�.'-;�,�. third,to interest due:founh.tfl princi�.�l dua:nnd last,to any late chergcs due under the Note. _-
<br /> _ " ' �� 4.Chs�rges;Ltens. Boaro�vcr shall p�y nIl taxes,assessments, charges, fines and imposidons ataibiitable to the Properry
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