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<br /> • ' 'COGIi'TfiFiR 1�<<I'L'H �ll the improvements nrnc or herrnfter erected on thc propert�•, anal xll �.isrments, �
<br /> , uppurt�nances,und tixtures naiv or hereafter n part oP thC property.All rrpluuement:;ond udditiuns sh�ll+�Iso hr cu��creJ
<br /> _ � by this Security Instrument.All oP the foregoing is referred tc�in this Security lnstrumcnt xs thc"Prnperty�."
<br /> � };O[�kO�;`}?}Z(�nVF.NAN'I'S that Rorrower is lx��'fUII)'SC1SClJ Uf TI1C CSlBLC f1CfCt]5'CUII\'CS'Cl���ncl h�+s the ri�ht tn
<br /> grent and convey the Propert}�and that the k'roperty is unencumbGred, excGpt fc�r cncumbraurrs uf rccurd. liurr„��Cr
<br /> ' �' tivurrants and will defend generally the title tn thr Yroperty against all alaims anu demands,subject to any�ncumbrances
<br /> �t�,�;;:'� of record. .
<br /> ,,,,� THIS SECURI'1'Y INSTRUM�:NT combineis uniform covenants for national use and non-uniforrn covenants with
<br /> . limited variations by jurisdiction to constitute a unifarm security instrument covering reul property. ,
<br /> liNIFORM COVENANTS.Dorrower and Lender covenant and agree as followa:
<br /> - , ; 1. Peyment of Priucipal and Interest;Prepayment and Late Chflr�es. Borrower shall promptly pay �vhen due
<br /> . the principal of and interest on the debt evidenced by the N�te end any prepayment and late charges duc under the Note. �'•�
<br /> Z. Funds�or 1 axes and InsurnucC. Subjcct to applicable 1;.«� or to s n�ritten�vaiver hy T,endCr,Aorrower shall � .,�:��,
<br /> ' pay to Lend�r on the day monthly payments are due under the Note,until the Note is paid in full,a siim("Fiinds")for: .
<br /> " � ,� (a) yearly taxes anJ assessments which may attain priority over this Security Instrument as a lien on the Property; (b) <.`
<br /> , yearly leasehold payments or ground rents on the Property, iP any; (c) yearly hazard or property insurance premiums; �.w
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<br /> (d) yearly flood insurance premiums,if any; (e)yea�ly mortgage insurance premiuma, if any;and(f) any sums payable
<br /> ��,';, Uy liorrawer to Lender,in accordance«�ith the provisions of p�rAgra�h 8,in lieu af the pa��ment of mortgage insurance __�
<br /> � pramiums.These ir.ems are called "Escro�v Items."Lender may,at any time,coll�ct and hald Funds in an amount not �';i._
<br /> " #, to exceed the maximum am�unt a lender for a federally related mortgage l�an may require for Borrower's escro�v �i __
<br /> � ;� account under the tederal Real Estate Settlement Frocr.dures Act of 19'I4 as amended from time to tiane, 12 U.S.C. `}�.;._
<br /> • Section 2601 et seq. �"R�PA"), unless another law that applies to the Nunds sets a lesser amount. If sa, I_ender may. '
<br /> •F� at any time,collect and hold Funds in an amount not to exceed the lesser amount. Lender may estimate the amoimt uf _
<br /> Funds due on the baais of current data and reasonable estimat�s of Cspenditures of future Escrow ltems or ot.hen�'ISC Itl �
<br /> accordance with applicable law. _
<br /> 'T'he Funds shell be held in an institution whose deposi�s are insured by a federel agency,ir�strumentality,or cntit�•
<br /> (including l.ender,if Lender is such an institution)or in any Pederal Home I,oan Bank.Lender shall apply the Funds to =
<br /> .' pay the Fscrow Items. Lender may not charge Borrower f��r holding and applying the Funds, annually analy•r.ing the >
<br /> � escro�v acc�unt, or verifying the Escmw Items,unless Lender pays Borro�ver int�r�st on ihe Funds and applicable la�v d`'
<br />- . _ ;,e:r.iit: Le.^.3°� *_c make GUrh a �harae. H��vever; I.ender ma}• require Borrower to pay a une-ti rne charge for an ;;
<br /> . independent real estate tux reporting service used by Lender in connection with this loan,unless applicable law provides _
<br /> otherwise. Unless en agreement is made or applicable low requires interest to be paid,L.ender shall not be required to ��..-
<br /> pay Borro�ver any interest or earnings on the Funds. Borrower and Lender ntay agree in writing,howover,that inte.rest �.,`-
<br />_ . shall be paid on the Funds.Lender shal; �ive to Borrower, without cherge,an annuel accounting of the Funds,showing _
<br /> �"'' " ' credits and debits to the Funds and the purpose for which each debit to the Funds �vas msde.The Funds are pledged as _
<br />•�,:_. • additional security Por all sums secured by this Security Instrument, -
<br /> �r= ' If the Fwids held by I.ender exceed the amounts permitted to be held by applicable law, L,ender ehall account to
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<br /> , Bonnwer fot the excess Funds in accordance�vith the requirements of applicable law. If the amount of the Punds hel �.
<br /> ., ,��• ,•�,�, . by L,ender at any time is not sufficient to pay the Fscro�s Iterns�vhen due, Lender may so notify Borrower in writing,
<br /> -= � ' and,in such cnse Horrower shall pay to Lender the emount neces.var�to rnake up the deficiancy.Borrower shall meke
<br />- � ���� � up the deficiency in no more thnn twelve monthly payments,at Lender's sole discretion.
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<br /> �-�c���'�^a/ � en Upon payme�in full of all sums pecug Pby this Security Inetruq ent,Lender shall pro�mptly refund to BorroNer �
<br /> ,�,•,;_.,�..� ; y Funds held b Lender. If, under ara ra h 21, Lender shall a� uire or sell the Pro rty, L.ender, prior to the
<br /> =-#'�s•�,.,� acquisition or sale of the Property,shall apply eny Funds held by Lender ut the time of acqmsit�on or sale as a credit
<br /> _---==�+::�cti ngainst the sums secured by this Security Instrument.
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<br /> `:--�;:���• 3. Application o[Paymen4s.Unless applicable law provides otherwise,atl payments received by Lender undet
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<br /> -° =��: paragraphs 1 nnd 2 ahall be appli�d:first,to any prepayment charges due under the Note;second, to amounts payable
<br />_-`'�'��4� under paregraph 2;third,to interest due;fourth,to principal due;and last,to any Iate charges due under the Note.
<br /> ,r����:st , 4. Charges; Liens. Borrower shall pay all taaes, assessments, c:harges,fines and im�sitions attributable t��the �'
<br /> _•., � ���.,,. � Property which may attein priority over this Security Instrument, and leasehold papments or �round rents, iF an�•. -
<br /> `..�;���'+ • Borrower shaU pay these obligations in the mann�r provided in paragraph 2, or if not paid in that rnanner, Borrowcr
<br />-�:=.:r::,.::�::1"i � shall pay them on time directly to the person owed payment.Borrower shall prornptly furnish to Lender ell notices c�f
<br />-•-�������.•~ amounts to be paid under this paragraph.If Iiorrower makes these payments directly, Borrower shal l promptly furnish
<br /> -`��s-A-' `�- to Lender receiptsevidencing the payments.
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<br /> ,.b-,. ...__,. $orrower shall promptly discherge any lian which has priority over this Security Instrument unless Borrower: (�) �,
<br />_,:`, • � agr�.es in writing to the payment uf the obligation secured by the lien in a manner acceptable to I,ender; (b) contests in �.•_
<br /> � `•� good faith the lien by, or defends against enforcement of the lien in, legal praceedings which in the Lsnders opinion --
<br />-' �.'�', operate to prevent the enforcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory to "
<br /> „ I.ender subordinating the lien to this Security Instrument.If Lender determines thnt any part of the Property is subject =
<br /> to a lien which rney attain priority over this Security Instrument,Lender may give Borrower a notice identifying the �.'.".;�:,
<br /> :• lien. IIorrower shall setisfy the lien or take one or more of the sctions set forth above within 10 da}�s of the giving of �:=-
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<br /> :;;�.' notice. ",:
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