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<br /> TO(iETHER WITN all the improvement�now on c�reaftee erectod on tho property,urxl all�ea.sements,a��UCICI1�711CC5,aixt
<br /> fixturcs now or hercaRer a part of the pmperty. All repl�cements and additions shall also be covered by tt�i9 Scrurity
<br /> Ins�run�ent.AlT ot'thc tiirc�a�ine is referred to in this Security lnsmim�nt ns the"Propeny."
<br /> BORROWI?R COVENANTS that Bormwer is lawfully �eised af the estute hercby conveyed and has the right to grant ancf
<br /> canvoy the Amperty a�x1 ihat the Propeirty is unencumberal, except for e�xumbrnnces of record. I3orrower warri�nts uix!will
<br /> d�efe�xl gerxmlly tl�e title ta the Property s►g�inst all claims and demands,subject to nny encumbrances of record.
<br /> THIS SECURITY 1NSTRUMBNT combines unifarni covenunts for natianul use und non-tmiforni c�venants with limited
<br /> vuriations by jurisdictlon to constitute a uniform security instrument cavering rcul propeny.
<br /> UNIrORh1 COVI�NANTS.Borrowerand Lextder cow;�mnr,;►.nd agree ns follaws:
<br /> 1. Payment nf Prineipal �nd 1nRcrot; Pkv��r.n�t eua� l.r�te Charges. Borrowcr�hall promptly �+y when duc the
<br /> principal of and it�.ter�:st:on thc debt evidenced by eh�e L��te Wu�d.any preP�Yrne+tc au�d lutc charges due undcr thc Nnte.
<br /> Z, Mlu�#y fo+�T�uctYS pad Insurrne�.5ubjeet to app[ica�l.e [aw or tv m writteix w;�iv�r by l..endr.r, Horro�ver shnll pay to
<br /> I.encfirc o�t�he d�y►no�:ut�ly payments ere due under tht Note,u�xl'al,the Note is p:ud itr.f.rt[�.a sum("Funds")for: (a)yearty txx¢s
<br /> and as.sessmants which tnay attaln prior(ty ovu this Security Ins'.cument as a lien on the Pcopercy:(b)yearly leasehold payrt►ents
<br /> or groucr,i.cen.es ore th�ProPeny,if any;(c)yearly ha�Ani ar p�operty insurance premiwns:(d)yearly flaod Insurance premiums, i
<br /> lf nny; f�)Y��9 ��ege insurance premiurns, if any; arxl(� ��y sunts payabtc by Borroti��er ta l.e�3ee,in accordance with
<br /> the provisans of parugrnph 8. in lieu of tt�payment of mortgage insurance premiums.These itoms are called "Escrow Items." ,_
<br /> l.ender may. et nny time, coll�x:t ai�l I�old t=unds in an amoun. not co cxc�!the ma�cimu��am�unt a lender for a foderally �
<br />. relata! mortg�ge lo�n may require for Borcower's e�crow account undec che federul Rea[ 1f�ta`�e 5ettlement Procedures Act of
<br />- 1974 es amended from time ta time, 12 U.S.C.Section 2601 et seq. ('RESP�"),unlass anot}�r law th�at applies to the Funde
<br />� ;;cts »!tsser as��!+.!, !6 s^, !r!x!!'r may;a�t�ny Rime, coltect and hold Fumcls�n an amount not to ex.c�'r.�the lesser unx�unt.
<br /> Lender ena�y estimute tha amount of Fur�cls due on the basis o�'cwrent da*n,��il reasonablc estimates of eapenditures of futuro
<br /> Eserow Items or otherwise in accordance with epplicable law.
<br />� The Funds shall be held in an institution whose depc�.�91s ;� insured by a foderal agency, instrumentality, or entity
<br /> (including Lender,if Lender is such an institutlnn�or in any Fa7erul Home I.ci�Bank.Lender shall epply the Fund9 to pay the
<br /> Gscmw Icems,L.ender may not charge Borrower for holding and applying the�unds.annually analyzing the escrow account. or
<br /> � venfymg tf�Escrow jcems,uniess i.ccMiei yr.ys�.���:�%�r in.�r�i oa th�Funsls as:�aFg!'c�l+!^law.�,r.rmits Lender to make sueh
<br /> ;, a chuge. 1#ow'ever, I.ender m�y requlre Bomower to pay a onc-time charge for an independent real estute t�x reporting servia
<br /> � used by Lcnder in connection with this loan, unless applicable Iaw pmvides othcrwise. Unless an agnxme�c is �rwde or
<br /> � applicablc law roquir�es interest to be paid,Lender shaU not be roquired to pay Borrower any i�terest or uunings on the Funds.
<br /> c 8orrower and Le�der may agreo in writing, l�owe��er, that interest shalE bo�ink,#on the Funds. Lender s$all give to Borrower, ,,,
<br /> = without charge, an unnunl accounting of the Euncls,showing credits and dcbi2s ro the Funds and thc�iucpns�for which each
<br /> z debit to the Punds was madc.The Funds nre pledged as additional sccurity fdr,all sums�ecural by this S�cudty InstNmeM, ,
<br /> ° tf the Funds held by L.ender exceed ihe amounts permittai to be hcld by npplicable law.L.ender sh�ll�ccount to Borrower
<br /> " for the exoess Funds in uccordxnce with the requinmcnts af epplicable law. If the amcwnt of the�unds held by i.aidtr u any
<br /> tlrn�is not sufficient to pay the�scrow Items when due,L,ender may so noNCy Tiorrower in writing.�nd,ln such case Borrower
<br /> - shall puy to l.erxler tha amount naxssary to malcc up the deGciency.Borrower shall make up the dcficiency in no morc tlwn ,
<br /> � twelve monthly p�yments,at Lender's solediscrction.
<br /> j Upon p�yment in full of all sums xcurM by this Security Instrument, i.�nder shal{prompcly nfuad to Harrowu any
<br /> Funds held by l.ender.If.under par�gre�ph 21,L.ender shall acquire or seU thc Property,L.ender,prior to the acquisition or snle
<br /> � of the Prop�ny, sha1�RpP�Y anY Funds lxld by C.ender at t�e time of acqulsition or sale as�crodit against the sums securod by
<br /> � this Security Instrument.
<br /> V 3.Applla�tbn ot Payments.Unlass opplicable law provides otherwise,all payments received by Lender under puragraphs .
<br /> 1 and 2 sha11 be applied: Crst,to any piepayment charges due under the Noto; second,to ar�nounts payable under paragraph 2;
<br /> � third,to interat due;fourth,to princlpal due;end last,to any late charges due undcr the Note.
<br /> v 4. Chwr�es;Y.ta�s. Borrower shall pay sll taues.assessments. charges, fines and impositions attributable to the Pmperty
<br /> which may aunin priority over th[s Sccunty Inatrument, and leasehold puyments or ground nnta, If any. Aorrower shall p�y • .
<br /> '� thesC obligations in the manner providtd in pamgr�iph 2,or if not paid In that tnunner.Borrower shall pay them on time directly
<br /> ro the person owod payment.BorroWer shall,prari�ptly furnish to Lendcr all notias of a�nounts to be paid under this parngrxph.
<br /> If Borrower malces these paymentg clirecily,lBorrower shall promptly furnish to Lerxler receipts evidencing thC payments.
<br /> . Borrower shall�rc+mpdy dis'r.�argc,eny wicn whlch has prioriry over this 5ecuriry Instn�ment unless Borrower:(a)agrxs in
<br /> � writing ta the pt�yme�t of the oblig�ti�n,sect��red hy thc lien in a mnnner aca:eptuble to Lender; (b)contests in good faith the lien
<br /> ` by, oc.defends agaii�st enforcemem o� iM1a�.lien in, legal proce�dings c�hjrl� in tho Lxixle►•'s opinion operate to prcvcnt �he
<br /> ; enford:�ment of the licn;or(c)seca�r.rs�trom th�holder of th�lien an agreement satisfactory to Lender subordii�ating the Ilen to
<br /> • this�s�eity tnstrument. If L.rncies dei�rmints that any part of the Prop�rty is subject to a lien which may attaiR pni�riry over
<br /> this Se�:urity Instrument, f.ender msry�ive B�ortawer a notice idcntifying chc•lien. &�rn.�vvcr shull satisfy thc licn or aa�+:�o^e or
<br /> mora of the:r:tiUns sea'forth above witliin 1�.d��3��s of tne giving of i�olicc:.
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