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<br /> 'rI�G�THER WITH�11 the imprdvemenu now or hereafter trected on the property,und xll ea�+~ap�t���I��Tie
<br /> 1iaturcs now or trereafler u p4rt of the proper1y. All repl�oenknts rnd sdctitions shall also tx �orend hy this Securiiy
<br /> Insaument.All��f ti�F�rrguing ir refe�•rad i�in this Scxurity 1►iurum:.nt as thc"Peo�crty."
<br /> AORROWF.R COV�NANTS that Borrower is lawfully selsal nf the ests�tc hcmby�bnveyal wxl tw the right t��grw�t and
<br /> convcy tho F'mY►crty a�xi thAt the Prqxny is unencumberccl, oxcept fur encumbrances af rccord. Bnrrowcr wurrants u�d wlll
<br /> defcncl genernliy tha title ta the Pmperty agaimt all claims r�xf demuxis,subject to any encum6rances of roconl.
<br /> THIS SF.CURITY INSTRUMENT con�birxs uniforn�co��cnants far ruuian�tf uso s�xi rxm•uniformcc�verusnts with Ilmitod
<br /> vuiatianx by juris�fiction to rnnstitute a unittortn security instn�ment c���ering aal propeny.
<br /> UNIi�nRM COVBNANT5.Ibaowcr and Lcndcr ccivcnant ancl agrec ns fallows:
<br /> 1. Payment of Princip�l �ad Intercst� �ep�yment and I.�te CluiRe.s. Bom�wcr shall presn�tly pay whcn due the
<br /> principnl of Anci intercst on dk dcbt cvidcnced by the Noto anci any prapeyment arxi late chsrgcs duc unda[he Nac.
<br /> 2,Fund�s[or Taxes�nd Insurance. Subjoct to applicnblo law ar ta a wdtten waivr,r by I.cnder,E3arrower shall p�y ta
<br /> Lende�on the c�ay n.mn�hly payments are due under the Note,until the Note is pnid in full,a sum("��i�ds')for. (a)�rearly taxes
<br /> xnd a,ckssmer�s wh.Rch.may att�in pri�rity over this Security Instrument as a lien on the F'ro�erty; (b)yeuly Iwsehold p�yn�e�us.
<br />� or ground reruts on.rJ'�t'roperty,if any;(c)yearly haTard or property insurnnc.e pr�miutns;fd)yearly i�oaf ia,ur�uiiz NiGiaumS.
<br />� iF anW�(e)y�ar.i.�r m�at,gage insurAnce premiums, if aoy; and(L) any sums payabte by�orrower to I.ender.iie aa�ur�w►ce wi�
<br /> , tk�e�wrovisions ok paxa�rAph S,eQ l�eu of the pa�rr.�;qf�r�rr.g�age insurance premiums.These itere�e�recalled "Escrow Derm.'
<br /> ' I,ec�Mr may, at a�rS�sr,�ee, cutlect and holcf. Fue�cfs in.an::unrxint not to excad the maximum amrwnt Q I,r.rder for a federally
<br /> `'� re��eec!mongage loa�s may require for BormweR s escrow acoount under the fe.�eral Real Estatc Seet[em�sit Procalurcs Act of
<br /> �' 1974 as amcnded from time to time. 12 U.S.C. Section 26fEt d s�q. ("RESPA"), unless anwher ia�r1�at applics t�the Funds
<br /> sets a tcsser amount If so, I.cr►der may, at u►y time, coLtec�and hold Funds in an ecnount not to czce�d the lasscr amount.
<br />• Lencier may estimate the amown's��Funds due on the basis of curr�nt data ArKi reasonable�titnalas of expenditurcs of[uturo
<br />_ Escrow Items or o0.'hua.a'wi�e in aoc��r3ana with a�pplicable law.
<br /> � The Fund� �1!�.a�9 !�c held ih an institutnam whose deposits are insun�d by s fede�xl agency, instrumentwlity, or enHty
<br /> � (including Lende�r,�ii�ncles i�stt:.h an institutian)or in any Federal Home Loan Bank. Lender sh�ll apply thc Funds to pay th�
<br />, EsceYc.iv,t�xms. Leniltr rf�ay�b�(�Z ch-:c�.�e Borrower for holding and applying the Funds,annuelly analyzing the escrow acawnt,or
<br />� vtriG},in�11ro E�i;sn�v�T�»�s,u��j�ss��.ender p�ys �orrower incerai on ino Fw���uxi�riiuwie iww p,e:;��s L,.-n3cr::�.�.»:a�u::
<br /> a a cha•t�G.:��liawe�;.r, l,er�der may'ttquire BarroxL-ces to pay a one-time chas�ts for an independent rtal�eat�lc tax reporting service ,
<br />� usaf,•bg.��x+lNx,3�n canoection with this l�n., �n�ess applicable law q,rovides otherwise• Unless r�siF�mmment is mede or �
<br /> xpp!'s��tbi'e�71�W r�ju'ins interost to be paid, [.eti�ier;.Diall not be rcquir�i to•��r,y Borrower any iMe�r�k�mre:�.in)�fngs oq the Funds.
<br />� Bo�r�:c,�a�er.snil I.ender may agree in writing,how�ver,ttu�t;:t:na»�i�st shall be paid on the Pu�ds. I.eM��cr sh-�11 givg ta'h�rrower.
<br />'!t wit9�xxu.t cti;trge, an annual accounting of the Funds. shaw:,�;; :rqdits�x1 dtUits ta thc�u,mds atxl ci�e'pltiposo fo.r:�f`nKh each
<br />'� debit�o t7i�Furxls.�wds made.Thc Funds are plodged as addltionul securiiy for all sums secNU�cd�iy ttii�,Sa:�riry Inst�n�ent.
<br /> Yf the Funt�s ficl�J.by Lender�xcood the unounts peanitted to be held by applicable Inw,Lendei- s��l� �ocount to Bo�rower
<br /> - for the excess FunrJs�in s000rdance with the requfrements of applicable law. If the a�nount of the Fund+heW by Lendor at any •� .,�;,
<br /> ,� time is not sn�cient to pay the�,tcrow Items when due,Len�er may so notify Borrower in writing,and,i n such case Bomower �' ,
<br />� shall pay to Lender the amount aiee�.ssary ta malce up the�•eii�ioncy�. Borrower shalt malce up the deficioncy in no more tlun
<br />� twelve monthly payments,at L.ti�{lr;�r's sole discrnion. ' •.
<br /> Upon piym�nt in full of all sums sccu�by this Sexurity Instrument, Lendcr shall promptA�rc�vnd to Barrower �ny ,
<br /> ;� Funds held by Lenda.[f.under pars►graph 211 I.cnder sttalt acquire or sell the Property,Lendrr, pr�c>�tr;nhe acquisition or s�le �
<br /> of ttfC Propetty,shall apply any Funds held by Lender at th!�1�me of acquisition or sale as a crodit a�ai��v:t ihe sums secured by •
<br /> this 9opurity Instcument. • � ��' :,
<br /> �� '�3.Appltc�Uqn of P�ymeats.Unless applicable�aw provid�otlurwise,all payments c�axived by l.er�der uiNSerc�pa;agraphs
<br /> .r� 1 and 2 shall be��.1'aed: first,to anY P�Y�nt charges due under the xote: second,to amounu p�fyble unda p�ragcaph 1:
<br /> N�' third,to interest uc;fourth.to princip�l due;and last,to eny late charges�iue undcr the Note.
<br /> �� 4.Clur�es;I.k�na. Borrowcr shatl pay all taxes, ass�ssments, charges. €ines and impositions atuiburobla to the Property ,
<br /> which may attain priority over this Security Instrument, and leaxhold payments or ground rent�, i f my.BorrovuwT"sl►�1 pry.�;;; .
<br /> tlKSe obligations in the mpnntr pravided in pivagraph 3.or if not paid in that tnar►ner,Borrower shall p�y thetn on��I'IaR:�;�ir�ctl4;;' '
<br /> •�;�� to the person awod payment.Borrower shall promptly furnish to l,ender all notias of amounts to be'.kn�d under this:pljr�gtaphl..
<br /> If Borrower makes these pryments dirccdy,Aorrowcr shall prompcly fumish to L.endcr roceipts evide�nein�thc pyymaits.
<br /> :� Aorruwer shall promptly discharge any lien which has prioriry over this Security ii�strument un�icss�rrower;.Ln):agnees in
<br /> wr.�d,ii�.g to thc paymcnt of thc obligation sccurod by thc lien in a manner acceptable to Le�xler,(b)oonicsl� in gcx�I�f o'r.'h the lien
<br /> by;:mr;defends against enforcement of 1he lien in, legal proc.�eedings which in the I,ender's opinioncspaxtq'z�� :pt�vent the
<br /> '� entbrament of SI►p Iicn; or(c)secures from tt�±�holder of the lien an a�,a��tment satisfactory to I.ender stittiirdin�t3n�the li�n to
<br /> ��� this Security EKaair.ra:mci►t. if[xr�ier determii�cs 2tiat any pan of the Pro7F�rty �s subject to a lien wh'r�oh:n.:�y ett�in priority ove,�'�
<br /> thi�,�Secudty in:�2n�aa�ent, l.tnder n�ay give Borr�wer a notice identify�»,t;uhe:tisn. Rorrower shall snNyfj��lUle lien or tnke one�v{
<br /> '' '.J:siiar,e as dloe actiubs s�t for�Ci;�iC.,s�,�5vithin 10 days of the givitt��f r?�rn�tiee. � � .
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