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<br /> 'C(XiETNP.R WITti wil th�irnpruvementa now or hereaftet erectod on the property,und all eusem�nt�s,ep'p'ar�terJnw�c�9nd
<br /> fixtures n�w ar lureaRer a put of tlie pro�xrt��. All repincxmente and �c1dit�ons shnll elso bc covcral by this Security
<br /> Instrurr�nt. All of tho forcgoing is refeirai to in►his Securlty(nstniment as thc"Property."
<br /> HORROWf?It COVP.NANTS ihat Borrower is luwfully selsed of the estate hercby canveyeci aixl has thc right to grant �nd :
<br /> couvey ehe Pmpeny end �hAC ihe Pmperty is unencumberai, except Far encumbrances of ra�rd. Hurrower wur►•unts anJ wlll
<br /> defnnd generally the title ta theProperty against ell claim�and ciemands,subject to eny encumbrances of record.
<br /> THIS SL�CURITY iNSTRUM6NT cambfnes uniforni covcnunts for nationai use and non-uniforni covenunts with limitat
<br /> varintions by juricciic►ion to constitute a uniform cecurity instrument covering real propeny.
<br /> UNIFORM COVGNANTS. Borcowcr and L.ender cavcnant and agra as follows:
<br /> I. P�yment ot Princtpl and Inttreah Prepoyment �nd i.ate CluirgtA. Bormwer shull promptly pny whcn duc the :
<br /> principul of and intercst on thodebtevidencaf by the Note and any prcpayment and late churges due under the Note.
<br /> 2. F'undR for Twxes and Irasurance. Subject to applicable law or to a written waivsr by Le�xler, Borrower shnll puy co
<br /> ixnurr u���i��day���;,r�."!p ra}r:erts:r d�c u.^.�+er th:Note,un!�1 th�Nntc is naid in full, asum("Funds")for.(a)yearly taxa
<br /> nnd nsscssments which may atuin priority over this Security Instrumcnt as a lien on the Property;(b)ycsrly leasehold pnyrr�nts
<br /> or ground rents on the Property,i f any:(c)yearly hazard or property insurence premiurns: (d)yearly tlood insurance premiums,
<br /> if any; (e)yearly mortguge inwrance premlums, if any: and(� any sums paynbla by Br�rcower ro l.encler, in accordanoe with
<br /> che provisic.ns of paragr.►ph 8,in lieu of t!!e payment of mortgage insurance promiums.7b�:items are calied"Escrow Items.'
<br /> Lend�r may, et any time, colkct end huld Funds in an Amount not to excad the niaxirz��m �mount a lender for a faierally
<br /> related mottgagc loan may requin for Borrower's escrow Aca�unt under the fodentl Real �.ct�atte Seqlement Procedures Act of
<br /> 1974 as arnendal from time tati►ra, 12 U.S.C.Scc�i�an 2601 et scq. ("RESPA"),unless another law that lpplies to the Fu�xis
<br /> sets a lesser amount. If so, I.a�er may. at any time, colloct and hold Funds in an amount not to oacced the lesser amoune,
<br /> Letder n�ay estimate the amount of Funds duo on the basis of cunent daw and reasonable estimatos of expenditures of futuro
<br /> Ese;naw AR4ms or otherwise in�ccordance with applicable law.
<br /> 'Tf�e Funds shalf be heW in sn institution whose deposits are insurecl by a federal agency. instrumentality, crt entiry
<br /> (including L.ender,if Lender issuch an ie►stitution)ar in any Faleral Homo Iauata Sank.Lender shall apply the Funds to pay the
<br /> Escrow Itsnu. Lender muy nacharge Borrowcr for hulding and applying thu Fucxis. annually ar�alyzing the cscrow acxount,or
<br /> verifying the Escmw Items, u�loys Lender pays Bonnwer inter�.st un the Funds and appli.cable law permits J.enda to make such
<br /> w��e�, �Q�;tv�.s T wrvli!r n,Ay requirc Borrower to paY a one-time charge for sn inde�x;ndcnt real estate tax reportin8 sen'ke
<br /> usod by Lender in oont►oction wi�h chie loan, unless applicr�ble law provides otharwixe. Unless an agreen►eot �s m�� vr
<br /> � applicable 1sw requires interest to bc paid,Le�dcr shsll not be requitod to pny Borrower any intercst or earnings on the Furda.
<br /> • Borrowrr and Lender may agroe in writing, however,that interest shall be paid on the Funds. Lender'shall give to Borrown',
<br /> �.... O �... F..�.r� e1�n��.�n� ��w1i��e Wnrl .��1.:+�In ►1��F��nlo sN� thw�nl�►ww'fn�whlCh C�I1
<br />� WIUIO�ik'GIIAf�C. Utl iLL1UUtU tt�Wtaliuu�r v� iur — G
<br /> debit to th..Funds was made.Th�Punds ar�nlafgai as addiaonal r,ecurity for all sums socured by this Securiry Instrument.
<br /> Tf the Funds held by I.ender excoed the a�nounts permittod to be held by applicuble law, Lender shall account tq�o'crower
<br /> for tho excess Funds in accorduice with the reqairements of applicable Iaw. If the amountof the Funds,held by I.zclder at Any
<br /> time is not sufficient to puy the Escrow Items whon�lue, Lender may so notity Borrower in writing, and.;in such case Horrower
<br /> shdl pay to Lender the a�nount nxessnry to malce up the deficiency. Borrower shall mnkeup the dGfcicncy �n no nwre tl�n
<br /> twelve ciwnthly payments,at Lender's sole discretion.
<br /> Upon psyment in fult oF all sums socurod by this Sexuriry Instrument, Lender sh�ll promptly refund to Borrower �ny
<br /> Funds hetd by Lender.If,urdcr peragrnph 21,Lender shall acquire or sell the Propeny. Lender,prior ta�the�quisition or�ele
<br /> of thc Proptrty, shull apply �y Funds held by L.ender at the time of acquisition or sale as a credit against the sums secuc+od by
<br /> thie Sxurity instrucnent.
<br /> 3.Applic�tion of Paynn►ts,Unless applicable law provides otherwise,all payments rxeival by Ircnder under peragraphs
<br /> � 1 and 2 shal�be app�led; f rs6 tv ony prepAyment chacges due•undtr the Nac; sxond, to unounts payable under paragraph 2:
<br /> third,to interest due;founh,a principal duc:a►xllast,to any latc churga duc uncier the Note.
<br /> 4.Char�es;Lttns.Bortowa shall pay all taxes, assessroents,charges, fincs and irnpositions attributable to the E'ropertY
<br /> which may attain priority ova this Security Instrument, anc! leasehold payments or gnound nnts. if any. Borrower s1u�11 p�y
<br /> these obligations in the manner provxdod in paragraph 2.or if not paid in that manner,Bortower shall puy than on time dit�tly
<br /> to the person owal payment.Borrower stiall promptly furnish to l.ender all noticts of amants to Ix paid under this p�ragnpit.
<br /> If Bbrrower makes these payments clirecdy,Horrower shall promptty furnish to Lender rcaipts evidencing dk paYments.
<br /> Borcower shall promptlydischarge any lien which has priority over this 5ecurity Instmment unlcss Borrower:(a)agrea in
<br /> writing to the puymetit of theobligation securcd by the lien in a manner acaptable to Lenda•: (b)contests in good faith the lien
<br /> by. or defends against enforcenunt of thc lien in. legal proceedings which in the L.eider's npinion operate to prevent the
<br /> enfaxQCn�ent of tho lien;or {c)saures from thc holder of tho lian an agreement satisfactory to Lender subordinating the litn tv
<br /> this Secarity Instrument. If Lecader determines that any part of the P►bperty is subject to a lien which may attain prlority over
<br /> this Security[nstniment,L.ender m:►y g�ve Borrower a notir,e idcntifying thc lien.Borrower shall satisfy the lien or take one or
<br /> , more of the actionx set forth above within 10 days of the giving of notict. •
<br /> Fam 302d if�O
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