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<br /> � ;p 'I'(X;IiTHFiR�VI'CH all the impmvements n��w ur here.�tfter erected on the prn�rty. a�td:dl c;i,emcntn.appunrnanccs. and
<br /> {�� � fixture+ nnw un c�rcat'tcr a part nf thc pr<,�rty. All rcplaccmcnts mul liddition, ,h;dl al,u lx cuvcrcd by thia Sccuriry
<br />_- . .� � In.trumcnt. 411��I'thc t'�,reguin�;i�.rcf�:rrcJ tu in thiti Scrurity Imtrun�enl ar thc "Pru�xrty."
<br />�-�;;'t°�'�'••;� E301t[tOWk:R COVENANTS th.0 Durruwer is lawfully sci,cJ uf thc rstatn c�rehy r�,nvcycd and ha+thc ri�!ht tu grant und
<br /> �' r�►nvcy thc P�upaity an.l ihai thc Property i, uncncumhcred.cxccpt Irn cncumbranrcti�,f rcrord. sarr��µcr warrant, :mJ will c
<br /> drfend gcncr:►Ily thc titic io thc Propcny again,t all rlaims unJ demands.,ub�crt cu:iny rn�unibrun.c+uf rccunl.
<br /> •-�'� THIS S�CUKITY INSI'RUh1GNT annbiuc. uniform rovcn,mts ii�r natianul utic and nun-unifurm cuvcnants with IimitcJ
<br /> �•ari;�tiimh by jurisJiction io ranstitutc a uniform,ccurity instrumcm r��vcring reul pro�xny.
<br /> ; UNIFQRM COVENANTS. &�rrowcr und I.cndcr ruvenant iuxl agrcc ati follows:
<br /> �'� �'� 1, Payment ot Nrin�ipul und Interest; Prepyymcnt Knd I,utc Charfies. B��rrowcr tih:dl prmnptly pay whcn duc thc
<br /> ' • . �±' principal af and intcrest an the deb�evidcnccd hy tlic:Nntc:�nd uny prcpayment und lutc churgc,duc undur thc Notc.
<br /> 2. �und9 tc�r 7'uxe�and 1nFUranee. Subject to npplirablc law nr to a w�itten wuiver by I-ender_ Rorroucr shull pay m
<br /> - • L.endcr on thc duy montlily puymenth urc duc undcr thc Note,until thc Nute is paid in fulL a sum("Funds")fur.(a►yetitrly taxes _
<br /> '�''.`���" ''' anJ•rssessmentr�vhich may uunin priarity o��er thi� Security Instrument as a liei�on the Propeny: (b1 ycurly Irasehold payments
<br /> . '. .. or ground rents on the Aroperty, if'nny;(c►��eudv huz�rd or property insurance premiums; (d)yearty fluad insurance premiums,
<br /> - T. tt_y,. � if any: (e)yearl�r mnrtg�ige insurance premiums. if uny: and(f� any smns payable by Borrawer to l.ender, in arcurdunce wid�
<br /> =' tho pr�vi�;ions of parngraph 8, in licu of thc paymcnt of mungugc insurancc premiums.Thcse itemti arc ruUed "Escn�w Items."
<br />�' '. Lcndar may, ut any tlrne,collect �md hnld Funds in an amount nat ro excced the maximum umcmnt a Iender fur u f�lerally
<br /> ' ,.w.. � _
<br />�.:;,,;,�; relnted mortgage loan rnay require for Borrower's escraw nccount under the federal Real Estate Setdement Yrucecluress Act of
<br />- 1974 ux am�nded from timc t��timc. 12 U.S.C. Sectinn 2G01 et seq. ("RCSPA"),unlcss another la+v that applics to the Funds
<br /> � sets a lesser amount. [f so, L.cndcr muy. :►t any timc, col:cct und huld Funds in an amount not a�er.c��ed thc Icsser am��unt.
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<br /> -tr�.� I..endcr tnuy estimatc thc amount of Funds due on the hasis of current duta and rr,asonable etitimatcs��f expendiwres��f future
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<br /> � , Escru�v[tems or othcrwisc in acr�xd.jncc with appficablc law.
<br />�;.�"`'�� Thc Funds shull be held 'eu an institution whose dcposits arc insured by a fcderal agency, instrumentulity, ar cntity
<br /> �s'.j h��
<br /> �,;�W� (including L.endcr,if Lender is such un institutionl or in uny Federal Home Loan Bnnk. L,ender shall apply the Fundti w pay the
<br /> �!;.,�::• Escrow Items. l.ander may not chargc Borro��:r 1'or holding and applying the Funds,unnuully anulyiin�the escrow acwunt,or
<br /> ~"�`�-'• �` vcrifying the Escrow items, unless Lcnder pays Borrowcr inter�st on the Funds�nd applicable law permits I.ender to mc�ke such
<br /> �..:»�..
<br />-.��'� a charge. However,Lc�nder may require Borrower to pay a one-time charge for an independent real estate t�x reportin�serv�ce
<br /> --=y�—� ��� ti�„ 1�n�l�r im m�nection with this loan, unless applicublc law provides othenvisa Unlcss an agreement is made or
<br /> Y.�Y.^'?�^..3�sa� applicable law require�interest to be paid, Lenc�er shall not 6c required to�ay Bonower nny interest or enrnings on cnc FunSs.
<br /> —_...-,,,���� Borrowcr and l.xn�er may agree in writin�. hcewever, thut interest shall be puid on the Funds. Lender shull give to Borrower,
<br /> --—= without chnrge, 1n annual accounting of the Funds, shuwing credits and debits to the Funds and the parpose for which each
<br /> ' � debit to the Funds wus made. The Funds are pledged as additional security for all sums secured by this Security Instrument.
<br /> ' =-� !f the Funds held by L.endei exceed the amounts perniitteJ to be held by applictible lflw. L.ender shall nccount to Borrower
<br /> for the excess Funds in accordance with the reyuirements of applicuble law. if the amount of the Funds held by Lender ut any
<br /> -------- time is not sufficieni tu pny t1�c E,�iuw Itun�wheri du�,[...ndeti•may sa►iotify t3arraus•cr in:�:riting,nnd,in�uch case Borrower
<br /> _— - shall pay to Lender the amount necesxary to mt�ke up the deficiency. Bc�rrower shull muke up the defciency in no mare than `
<br /> -- twelve monthly payments,at Lender's solc discrction.
<br />-�"--- _ UQon payment in full of all sums secured by this Security Instrument, L.ender shnll promptly refund to Borrower any
<br /> Funds held by Lender. If,under paragraph 21, Lcnder shall acquire or sell thc Property. Lender, prior to the acquiaition or sale
<br /> of the Praperty. shall apply any Funds held by l.ender at the time of acquisition or salc us a credit against the sums secured by
<br /> � this Security Instrument.
<br /> 3.Appltcatton of Payments.Unless npplicable law provides otherwise,all payments rec�ived by L.ender under paragraphs
<br /> '°'� I und 2 shall be applicd:first, to any prepayment charges due under the Note; second, to amounts payablc undcr par:igraph 2;
<br />���°�� third,to intcrest duc; fourth,to principnl due;and lust,to any latc charges due under the Note.
<br /> _-_ . 4.ChAr��;Llens.Borrower shall pay all taxes,asscssments, chargcs. Cnes and impositions�ttributablc ro the Property
<br /> which may attain priurity over this Security Instrument. and lcasehold p�yments or graund rents, if any. Borrower shall pay
<br /> �-��� these obligatinns in the manner providccf in parngr�ph 2, or if not paid in that manner,Borrower shall puy them on time directly
<br /> to the person owcct payment. &�rrowcr shull promptly furnish to Iw:ndcr ull notices of amounts to be paid under this pnragraph.
<br /> — If Borrower makes thesc payments dircctly,Barrnwer shull promptly fumish to L.cnder rcceiptti evidencing the pnyments.
<br /> �-- Burmwer shnll promptly discharge any lien which has priarity over this Securiry Tnstrument unletis Borrower: (a)agrees in
<br /> - - ---- writing to the payment of the obligation secured by the lien in n munner acceptuble to I.ender;(b)contests in gcx�d fuith the lien
<br /> _=���� by, or defends egainst enforcement of the lien in, Iegal proccedings which in the Lender's npinion operate tn prevent the
<br />—°_��'� enforcement of the lien;nr(c) secures fmm the halder of che lien i�n agreement satisfactory to Lxnder suburdinatin�the lien to
<br /> -"=`=�°°`°� this Security Instrument. If Lender determines thut uny pan of the Property is subject to a lien whirh may auain�riurity over
<br />�`x'_��� this Security Instrument.Lender may give BoiTOwer a notice idcntifying the lien. 8orrower shall satisfy the lie�i or take onc or
<br /> "�'c-L�.�'�� more of the actiuns wet forth abuve within 10 days of the giving of noticc.
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