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<br /> � �I T�GETHER WITH all the improveraeats aow or heresfter ete�xed otY the Pr'oPertY.and all easemeats.appnrtenazeces,aad �.._
<br /> - - � _-�- - fiatums nnw or liereafter � pait of the prope�ty. All replaeemeats aad addiaons shall also be coveced by this Security �_
<br />�"J`� .:��`�,�' Instrument.Ail oF t�e foregoang is referred co in this Security r*+ ,n,en�as the"Ptoperty.° �
<br /> � s � BORROWER COVENANTS that Botrower is IawfuUy seised of the estate hereby oonveyed and has the rigbt to grant and
<br /> • �.. convey the Property and�hat the Property is nnencumbered.except for ensx�mbrances of�oord. Bomnwer warrants and will
<br />-r- -- ----- sub'ect to an enctmt6rmtces o.record. �
<br /> :`i:. defend generally the titte w the P�operty a�sinst att cisims and demands. � Y � 8.
<br /> - ' 7'HIS SEC[3RITY 1NSTRtJMF.I�iT ootnmiass uniform oavenants for natioaal us�and non unifoun covenants with li�ited �
<br /> �,
<br /> Y��'= varianons by jurisdiction tv cotuatute a unifmm sewauity inst�ument oovering mal property. �.
<br />' _ UMFORM COVENAl�iTS.Borrower aad Leader coveaant and agree as follows: �.
<br />- .. � 1.Ptiiymeat oY IMnctpal end Inter+�Prepaymeitt aad I�te C6arges.Bortower shall promPUY Aay when dae the �'
<br /> ' priucipal ofr atttl intenest on tbe debt evidenced by the Nate and aay prepayment and late charges due under t6e Note. �l::
<br /> r . 2.�ands for Taxes ead I�ae.Subiect toy�hcable laa+or tu a wriuea waivery�.Lender,Bormwer shall .�y to �`�`
<br /> '.. .. y "CC• V7 P 1 d4=.
<br /> . . Lender on the da ma ��
<br /> ,•.:`.: y nthIy payaa�nts are due under the Note,until the Note ts paid in fWl,a sum('Funds")for.(a)yesiiy�tes -
<br /> . aad assessments which may auain priority over ttus Seeurity Iasuu�ent as a li�on the Property:(b)Yearly leasehotd paymeais E---
<br />- or gmuad cie�ts on the Propetty,if any:(c)Yea�lY harard or property iiuurance pzemium�(d)Yearly flood iaswance premivass. �"'
<br />- - - � if any:te�Yearly mortgage�surance premiums,if any:and(�anY sums Paya6le 6y Barrawer to Leader.in aocwidance witb �-
<br /> • . . the pmvisioas of paragaph 8,in lIev of the payment of ffiortgage insurance premiums.77iese it�ns are calted'Fsaow Items." �
<br /> s'�,�'� � l.eader may.at as�y time.coltect and hold Fimds in an amouns not to cxceed the�m amount a tender for a fe�eralty �
<br /> _ � , re[ated mortgage Eoan may require for Borrower's escmw acaoant under We fedecal Real Fstate Setti�t Procaedures Act of �._
<br /> _ .: . :�-�. 1974 as amended from tims w tume, 12 U.S.C.Seaian 2601 et seq. ("RESPA"),nnless another law that applies to the Funds . �
<br />- � • sets a lesser amaunt If so, Lender may.at any time.oollect a�i hoid Funds in a�amount not to eaaeed the lesser amauat. �"�
<br /> �
<br /> _ �� ��+ Lent�er may estimate the amount of Funds due on the 6asis of c�urent data and re��able estimates of expend�s of fawne �
<br />- . ' Fscrow Items or otherwise in accordance with applicable taw. . _
<br /> _ . . :. .:�'��� The Funds �hall 6e hetd in an institutioa whose deposits are ias�ued by a federal agency. insuamentality. or entitg. M
<br /> .�.�.!.'��.�w_..�:. P.l
<br /> - . .. - (it►ciading Lender.if Lender�s sucb an iastitution)or in'any FederaI�ome Loan Bfi�k.i�ader s6a11 appty the Fands to pay t� `
<br /> � ��,�� Escrow Itemc.Lendec may not charge Borrower for hotdiug and appljring the Fm�ls:annually adalyzing tde escrow aocoun�os _
<br />._<;;;�'';,: `•:'� : '.�t= verifying the Escrow Items.unless IRader pays Borrower interest on the Funds a�applicabte!aw permits I.ender to make such _
<br />'��' .�, '. 'r;_-� a ci�arge. However.Lender may require Borrower to pay a onatime charge fo:an indepeMent real estatc tax reporting setvice =
<br /> ' usea 6y Lender In connection with this Ioan. unless applicable taw provides otiterwjse. Untess an agreem�t is made[et .
<br /> � � . .`�t�t�± agplicable law requires Interest to be paid.Lender shall not be zequired to pay Borrower any interast or eamings on the�ms�s, -
<br />.� ' ''� ''. �:�';+ Borrower and Lender may agree in writing,howevei.t�at interest shall be paid an thc Funds. Lender shall give to�amsw�er. _
<br />_ . ; :i .;�� without charge,an annual aroounting of the Funds.showing eredits and debiis to:;?�e Funds and tt�purpose fur�vhic6�ts . ' ---
<br />'�:>,��'.,'.,,` :;' :;�F debit w the Funds was maae.lbe Funds are ptedged as aciditional seamty for alt sums secured by this Secnrity Luunmem. . • _
<br /> ' ._, If ttte Funds ketd b}r I.ender exoeed the araoums perinitted to Isa hetd bY aPPlicable law.Leader shali acxotmt w Horm�elr. _.
<br /> '�•°• � `��:� for the excess FunAs in accardaitce witb the req�irranents of applicable faw.If the�nount of the Funds held by l.ender at ssn}� _-
<br /> `��"'�'° ..!:�� t;me is not sufficient to pay the Escrow Items ahen due.Lender may so notlfy Borrower in writing,and.in such case Borrower
<br />;r.;� • ,
<br /> i»�". ... ,. : � shaU pay to Ixnder the amonnt necessary to maice up the defciency.Bortower shall make up the defi,cieaty in no more than _
<br /> � twelve monthly payments.at Lender's so2e dissretion.
<br /> �:. �; Upon payment in full of all sums s�cureA by this Securiry Instrument. Lender sha11 pmmpdy refuad to Borrower any�
<br />;�;. � • ' •• :;:� Funds held by Lender.If,under paiagrdph 2l.Lender sha11 acquire or sell t6e Property.Leader.prior to the acqufisidon or sate -
<br /> � .� - �� �3 of the Property.sha11 apyty any Funds hei�by Le:�der at the time of acquisition or sale as a credit against the swns secnred by __
<br /> „ this Secnriry insuument. � _
<br /> � � , 3.Appllcation o�Payments.Unless applicable law provides otherwise.all R�yments m,ceived by Leader under paragraphs
<br /> T�:'''''<� � ��=; 1 and 2 shal!be applied:first,to any prepayment charges�due under cye Note: second,w amaunts payable under parag�apb 2;
<br /> ..�;; third,to interest due:fourth.to principal due:and tast.to any late�es due under the Note. -
<br /> ��. ,';: .,�..:-� 1.teas.gortower shall pay aU ta�ces,assessments,.c�.:s�es.fines and impositions amibutabte to the Prop�y _
<br /> 0.Ct�arges;
<br /> � :•� ,.•.f which may attain prtoriry over this Securiry lnstrument. and leasehotd payme�s or gronnd rents. if any. Borrower shall pay
<br /> • . �, ti�se obligations in the marmer proyided in paragraph 2.or if not paid in thnt manner,Borrower shall pay them on dme directly _.
<br /> � ' .: t to the person oared payment.9orrower shal)promptly furnish to Lcn�er all notices of amoants w be paid under tlils paraga�ph. =
<br /> , � �� � If Borrower ma�es these payments direct�y,Borrower shall pnnmpQy fumish to LertQer reeeipts evidencing We paymems. � ' a
<br /> � •�.''� ' Borrower shall pmmptiy discharge arry tien which has priority over this Secarrity]tutruinern nnless Bonower:(a)agrces in �:
<br /> �. � ` � (b)contesu in ood faith the lien
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