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<br /> TOQETHER WITH sll the improvanxnts now or herc.�Rer erocted on 1he pro�xny�uiul xll r�semonis,appt�rtanancc.5,and
<br /> ►`�rcur�, ��w ar he�t:.ttcr a p�cc of the pr�rerty, A�1 renlicement� end uldltlons Ehall uIM� ha cnvated b�� this Security _
<br /> Instrument. All af thc foregoing is retened to inthis5o�urity Inxtrument as tho "Prope.rty."
<br /> BORROWER COVENANTS that Borcower iti lewfully�eised uf the esiatu herehy ca�rvCyai nnd h�►s thn riBht to grant and
<br /> convey the propeny and that the Property Is unencumberal,excepe Wr cncumhrnnecy��f resnnl. Hnrrowar warrants and will
<br /> defend gencrally the title to the Propeny agaln�t all clalms and demands,suhJa:t ta wny cncumhmncc�.of r�:onl.
<br /> THIS SECURITY 1NSTRUMENT combines unlform covc►unta for nwtlanrl u�e uixt numuniliir�n cov�nsntn with:limicod
<br /> variatfons by jurisdictio�n to constitute a uniform sacurity Instrument coveriny res�l prnpcny.
<br /> UNIFORM COVBNANTS. Barrower a�d Lendtr covcnunt and ugrcc a`fulluwx:
<br /> 1. Paym¢nt uf Pri��ci{�al �ncf Interc�st; Prc�yntcnt aud I.utc Chur�n, 8c�rrna�r.r �I�nll prumplly pMy wh��n uua thc
<br /> principal of and interest on the debt evidenca! by theNote anct any prepey�mnt wi�l Iwto rhMryor dun uminr tho Nato.
<br /> Z. F�nds tor Taxes and ItururAnce,SubJect �o s�pplicable law nr to a wriucn wwivtlr hy I.r.ndor, E��rruwcr sl��►II pay tu
<br /> I,ender on the day monthly payments arc due undcr the Nate,untll the Nc+tc Ic prld I�t Ilill, u Funi t"l�undw")fnr: (w)y4nd�!�axes
<br /> and essessments which may attain priority over�his Security Instrumsnt as s�Ilen nn tlin Pr�►prny:(It)yu+��'IY Icu�cholti p�ym:•Rt:�
<br /> or ground rents on the Propeny, if any;(c)ycarly huard or pnipcny Inaurancc prcmlumx;(dl yc�rly (l�Kxl In�urx�x:o pnsmiums, .
<br /> if any; (e)yearly mortgage insur�uue premiurns, if u►y;and(�ony sumx payable by Fk�rryaw�r in !•e�K1nr,In accorclwrwe K�itl��
<br /> the provisions of pnragraRh S, in lisu of the paymentof mort�age insun�nce premlumx,Thn�a ftamr Aro callal "Escrow Items." ^
<br /> Lender may, at any time, coUect and hold F�unds in an xmount not to excec.�ci thn nuxhnum umnunl s leixler for a faler�lly —
<br /> telatal mort�age toan may require for Borrower's escrow account uncler tha feclerul Real ���a�a tir.ulamont Pmcafurar Act of
<br /> 1974 ay amendcd frnm dma to time, 12 U,S.C,Section 2601 er sey.("RESPA"), unlcxs r��l�nr I�tw thwt wppliex to Ihe Funda
<br /> sets a lesser amoynt. If so, Lender may, at any time. collecc nnd hold Funds In un xrr��unl nol tc�cxceal Ihe le�ssr anx►unt.
<br /> I.ender may cstimate the amount of Funds due an the basis of cucrtnt dats atxl rca�sonabla t�tinuUC+�oP expenditurex oP f�twre
<br /> Escrow Iterns or otherwise in accordance with appliable law,
<br /> The Funde �hall be held in an institution whase daposits aro insurod hy s foderul wgoncy. In�trumentxlity, or entity
<br /> (i�cluding'Lender,if Lender is such an insticution)or ia any Fecleral lionte Loan Bank,I..�ndtr xh�ll apply the Pund�to pay the
<br /> Escrow Items. L.ender may not charge Borrower for holding end applying tha Punds. amivally u�udyxin�tho er�:ruw wccount, or
<br /> verifying the Escrow Items,unless Lender pays Borrower interest on tho Funds end applicahlo Ixw pprn�itc l.encier tc�m�ko�ueh
<br /> t eharge.kiowever, L.tnder may require Horrowor�o pey a one-time cha�go Cor an inclopencient real es�utu taz repurtin�service
<br /> us:.d by Lendcr in connection with this loan, unless epplicable law provldea otherwise. Unlrts an a�reement ir nt�k or
<br /> epplicable law requires interest to be paid,L.endor shalt not be required to pay Borrowor any Interest or e,�min��on the Fundi,
<br /> Borrower and Lend.r may agree in writing, twwcsva. that interat shull be puid on the PurdR. l.ender Fh�ll Qivo ta 8arrower,
<br /> without charge, an annusl accounting of the Funds,showing credite and debits to th�Fundc �u►d 1ha purpaao for whlch ach
<br /> dabit to the Funds wes made.The Funds are pledged as additional�ecurity for aQ aums securod by thit Sccudty InstrumeM.
<br /> If the:Funds held by Lender exceed ti►e amouius permiiiod io 0o noici oY a�Niica�la i�;�.Lcr�ar�..'��.,!!�^�`rtt i�&±rniw��
<br /> for the excess Funds in accordanca with th� requittmenb of applicaf�le law, If the amount of tho Fundi held by l.ender M any
<br /> t'cme is not sufficient to pay the Bscrow Items whcn due,L.ender may so nc>tify Bormwcr in wdting,and, ln�uc;h care llormwer
<br /> �• . shall nav ta Lendor the amount necessary to make up the deti,cianc�y.Sn�ruwer sk�all makC up th�s dttciency in r��moro th�n
<br /> � twelvc monthly paymonts,at l.endcr's sole discrttion. . :
<br /> Upon payment in fuU of all sums securcd by this Securlty_Imtrument, Lencier shall�pramxnly refund to Rurrowe��u►y
<br /> Funds held by L,ender.If,undcr peragraph 21,Lender shall acquire or sell the Property.L.cnder,prior tu the Mcquf�iUon ar rale
<br /> of the Property.sha1�apply any Funds held by Lcnder at tho time of ecqulsition or�elo�a a crodit ��+�fnit the wmR�ecurod by
<br /> thi�5ecurity Inswment.
<br /> 3.Applic�tion ut Payments.Unless applicabk law provides athecwiae, all paymenta roceived by l..e�xler uixlor p�ryr�ph�
<br /> 1 u►d 2 ahall be applied: fi�st,to any prepayment chwrges due under the Note:socond,to amaunts p�yable under p�n�rnph 2�
<br /> thinl. tr interest due;fourth,to principal due;uid lut,to any l�te�chuges due under the NWe.
<br /> 4.Ch�r�a; Liens. Borrower shall pay dl tues,assessments,char�a. flnes a►d impoaitions Rurlbuttble w the 1'roperty
<br /> which may attein priority.over this Security Instrument, and leasehold pryments or ground rents, if any, &�rrowsr�II p�y
<br /> these obligations in tho manner providod in puagnph 2,or If not paid in that mannar,Borrower shall pNy them on time�iroclly
<br /> co the person owed paymen�.Bosrower shalA prornptly furnish to L.ender ali noticea of nmounts to be p�W under thi�p�rynph.
<br /> If Borrower makes these payments clitectly, Borcower shall promptly fumish to l.ender rccefpts evldencing the pymentt.
<br /> Borrower shall promptly discfiarge ony lien which has priority over thls Security In,�trumsnt un!esa Horrower: (a)��no�(n
<br /> wrir,ing to the payment of the obligation secured by the lien in a manner uccepuble to L.ender; (b)contests In�{oad talth the lien
<br /> by, or defends against enforcement'of the lien in, legal proceaiings whlch in the Ixnder's opinion c�perato ta provetN the
<br /> enforcement of the licn;or(c).secure.r• from the holder of thc licn an agrament satisfsctory to Lender Kubordin�tlnR the Ilen to
<br /> thia Sesurity Instrument. If I,ender determines that any part of the Propeny is subjcet to a lien whlch mwy attaln prb�ity c�ver
<br /> this Securlty Inst�ument, I.ender may g9ve Bort�wer a notice identifying the Ilen. Borrower shall s�tlRfy tho lien ur ulto ate or
<br /> more of the actions set forth above within 10 days of the giving of notice.
<br /> ►ani i02t �NO
<br /> v.o.�u�e
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