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<br /> � • TOGETIlF:12 WITH ull the impruvements now or hereufter erected on the property, and uU eascments, uppurtenanceti,und
<br /> , fixtures r.ow on c�rcaftcr �i part of the propeny. All reptacements and additionti shall also he covered by this Security
<br /> � � Instrwncnt. All of thc foro�oiii�iti rcfcrrcd tu in this Sccuriry Instrument us thc"Property."
<br /> BQRROWER COVENANTS that Borro+ver is luwfully sciscd of the cstutc hcreby convcyed und ha+the ribht to grant und
<br /> i cnnvey the Pr�iperty tind that the Propeny is unencumbereci, except for encumbrances uf record. Burrower warrants and will
<br /> detend genrr�dly thc titic tu thr Properry against all claims anJ demands,subject tn any cncumbrances u(rccord. '
<br /> •�•«.��'Z�t�� THIS SE�URITY INSTI?UM�NT co�nbines unifarm covenants for nutianid use and non-uniform covenunts with limited
<br /> �� vuriations by.jurisdiction to constitutc u uniform sccurity instrument covcring rcal property.
<br /> ,.G►„�rns�iM� UNIFORM COVENANTS.l3orrowcr und Lendcr covcnant and ugrcc us fallnws:
<br /> ' 1. Payment of Nrinc(pal and Interesh, Prepuyment nnd I.ate Char�es. Borrowcr shull promptly pay when due the
<br /> principal of und intcrest or�the dcbt evidenced by the Note und any prepuyment and lutc chnrges due under thc Note.
<br /> .. „ 2. Funils for Taxeti imd Insurnr�ce. Subjcct to applicable law or to a writtcn waivcr by Lendcr, Borrower shall pay to
<br /> • � ;,- Lendcr on the day monthly paymcnts nre due under the Notc, until the Note is puid in futl,a sum("Funds")for: (a)yearly taxes -
<br /> and ussessments which may attain priority over tt;is Security Instrument as u lien on the Property: (b)yearly lensehold payments
<br /> �`" or ground rents on the Propeny,if any; (c)yearly hazard or property insurance premiums:(d)yearfy flood insurance preniium�, -
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<br /> "i:��, if any; (e)yearly mortgage insurance premiums,if any; and {� any swns payable by Borrower to Lender, in accordance with
<br />' '�����'}� the provisions of parngraph 8, in lieu of the payrncnt of n�ortgage insurance premiums. These items are called"Escro�v It�ms." -
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<br /> --'—--.^jn}�. I.CItUCI IllqY� itl '1tt3' 1116C� WdC`.Cl i1f1U (IOIU ru�su, in an amoum no� co excccd ciic maximum amuimt u lenaer ie�r a icdcrai'ly ;
<br /> related monguge loan may require for Borrower's escrow account under the federal Real Estate SetNement Procedures Act of
<br /> - , .�•�:: i 1974 as amended from time to time, 12 U.S.C. Scrtion 2601 et seq. ("RESPA"),unless another luw tha�applies to the Funds
<br /> , ;`;,�;:t:, sets a Iesur amount. If so, Lender may, nt any time, coUect and hold Funds in an amount not to exceed the lesser amount. _
<br /> • • Lender may estimnte the umount of Funds due on thc basis of cunent data and reasonable estimates of expenditures of future
<br /> � '�"'a;�� Escrow Items or otherwise in accordance with applicable la�v.
<br /> . . -� The Funds shall �e hcld in an institution whose deposits are insu�eci by a fcderal agency, instrumentality, or entity -
<br /> � (including Lender, if L.ender is such a�i institution)or in any Federal Home Loan Bank. Lender shall apply the Funds to pay the -
<br /> ' • Escrow Items. Lender may not charge Bottower for holding und Applying the Funds, annually annlyzing the escrow account,or
<br /> ��` �':��r� verifying the Escrow Items,unless Lender pays Borro�ver interest on the Funds and applicable law permits L.ender to muke such
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<br /> + u charge. However, ixnder may reyuire Borrower to pay a or.e-time charge for un independent real e,iate tu�c reportins scrvice
<br />-`'`�'�`'''�� used by Lender in conne�:tiore with this loan, unless appiicable law provides otherwise. Unless an ngreernent is made or -
<br />�.;r;,:�����" upplicable law requires intcrest to be pand,Lender shall not be required to pay Bonower any interest or carnings on the Funds. =
<br />- =��'-`.'��:�`,� Borrower and L.ender mny :�gree in writing, howevee,that interest shall be puid on the Funds. L.ender shall give to Borcower. �'
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<br /> '= {�"` �vithout charge, un nnnual accounting of the Fund�. showing credits and debits to the Funds and the purpose for which each
<br />'ry"'•_�iVi,�°� debit to the Cunds was mude.The Funds ure pledged as additional security for all sums secured by this Security Instrument.
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<br /> '°�'���%n If the Funds held by Lender exceed the amaunts permitted to be held by applicable law, Lender shall account to Borrower
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<br />___-;u;�„j� for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by L.ender ut any
<br /> -��'=�'�� time is not sufficient to pay the Fscrow Items when due,l..ender may so nutify Borrower in writing,and,in such case Bonower
<br /> - �*` shall a to Lender the amaunt neceua to make u the deficienc Borrower shatl make u the deticienc in no more than
<br /> -�_;�.-_�s;;',::; P Y rY P Y• P Y
<br /> -` �f� twelve monthly payments,at Lender's sole discretion.
<br /> .. .-:.75';
<br />_�_--!t�+! Upon payment in full of all sums secured by this Security Instniment. Lender shstll promptly refund to Horcower any
<br /> --����� . Funds hcld by Lendcr.If, under paragraph 21,L.ender shall acquire or sell the Property, L.ender. prior to the acquisition or sale =
<br /> - ---- of the Property. shull apply any Funds held by Lcnder at the time of acquisition or sale as a creciit against the sums secured by
<br /> ---'=�`���``� this Security Instrument.
<br /> --'°`f�� 3.Application o!Payments.Unless applicable law provides otherwise,all payments received by Lender under paragraphs
<br /> �-� �' 1 and 2 shaU be applied: f�rst, to any prepayment charges due under the Note; second,to amounu payable under paragraph 2;
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