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<br /> 7'AOFiTi��R W1TH all tho improvaments naw or hereaflor erected on tt�c prc�}xny, rnd all easements, appiincnnnces. and
<br /> fixturas no+v or htre�fter +� puc of tht property. All replacert[ents and addltions s1iaU alsa be covemd by tl�is Security
<br /> Jn�trument.All�f the foregoing is referreQ to in this�ecunty ins�rumen�as�hr'Fcuyrc,iy."
<br /> BORROWER COVENAMTS th�t Borrowar ia lawtully seiud of the cstuc hcnby convcyed and has th�rlght[o grant�nd
<br /> convty the Propeny �u�d that the Property is unrncumbered,except fur encumbrances of record. �arro�ver warrai►ts and will
<br /> defend generally th�title to the Propeny�gainst�ll claims And demands,subJest to any encumbrances af recard.
<br /> T191S SECURITY INSTRUMENT combines uniform covenants for n�tianal use and non-uniform covenants with limited
<br /> variatfons by jurisdiction to constitute a unirn�m securi�y ins�rument covcring rcal propercy�.
<br /> UNIFORM COVENANTS.Borrower and Lender covenant�nd agrec us follaws:
<br /> 1. Payment �f Princtptl xnd Intcr�stt Prepayment wnd I.Ate Chargas. Borrower shall prompdy pay when duc�he
<br /> pdncipnl of and interast on the debt evld�nced by the Note smd any prepaymont and lece charges due under the Note.
<br /> 2. Flmds for Tnxas pnd Insurnnce. Subject to applicablc law or to a writtca walver by l.ender, Borrower shall pay to
<br /> I,er�Acr cm the d�y manthly payments ate duc under the Natc,until the Nate is paid in fuil,n sum("Funds")for:(a>yeau���taxes
<br /> and assessmeau which mny aaain prIority aver dtls Secureey Inse�umcnt as a lien on the Property:(b)ycarly lcrsehotd�ayments
<br /> or ground renu on the Property,if any;(c)yearty hav.ard or.pra�perty insunACe premiums;(d)yeariy f�cwd.insurau�ce premiums.
<br /> if uny: (e)yearly mongage insurunce premr.trins, if a�z�y;and(�any sums ptyable by Ramower to Lend�r, in acoordance w'ith
<br /> the proviaions of puagraph 8,in ii.eu of the paymens af m,vngage insurance pnmiums.'�hese icems ace calted"Escrow Iceuu."
<br /> Gender m�y. �t any titae. collcct �nd hold Funds In �n:�mov.�t not to exceed the roaximum anwunt a Icndcr fQr a fedenlly
<br /> cel�ted mong�ge loan m�y roqaice for Borrower's escrow accoune wKkx the fedenl R�at Tutate Settlement Pmceclures Act of
<br /> 1974�s unondod fro�e tim�to c�me� 12 U.S.C. Seccion 260I etsep.("RESPA").unlas another law that applies to the Fuads
<br /> sets a lesser unQU�t. If so, l�en�der may.u u►y time,oollat �u►d hotd f•bnds in w unount not to eaceed thc Iesser unount.
<br /> l.exder m�y esHmue the anwunc of Funds due on�he basis cri�Curteat dua and�eawnable estimucx of expenditures of future
<br /> �scrox lt�ms or otberwise in accorduke with�pplicable law. .
<br /> The F►u�ds siull ba h�ld in an insticution whou depc�ics are insural by a federal �gency, insSmm�entat:qr,;u.. �r entity
<br /> (including I.ender.if Ltinder ts suc�m tnstitucioai or in my�ederai Hvmo L�su�3:.Le:�der shat6��,na�r a�:F�ni�::m pay d�!�
<br /> �yrr Y�s.l,rnder may tat ch�rge Borrower for bolding u�d�pplying the Futids,annually aaalyur,•r��.����scrow acccunt,or
<br /> verifying the Escrow ltems,unless Leader pAya Borrower intem�oa�he Fuads�c�d epplicable law perla��,�:s i.ender co m�lce auch
<br /> a chatge.However,Lender may require Borrower to pay a one•timc chuge foT an inde�xada►t ral estate tu reparting service
<br /> w�d byr �,�nder in connoction with this Iwn, wileu �ppllcable ltw pmvidcs otherwise. Unlas ta �greement is made or
<br /> appl►cable taw requins inurat to be paid,La�der a3��11 not be requirod to pay Borcower any incerest or eunings on che Fwids.
<br /> Borrower and L�ender may agrx in writing, dowever.chat interat shall bo paid oa the Funds. Lendrr shill give tu Horrower.
<br /> witlwu{cbar6e, an�anwi accouncing ot the Fuads. showinb crodics and dr�ics w che F�ds a�xI tiK�wy� ���i�� �
<br /> debia esf the Fw►ds was m�de.'[31r Fuads ue plodgod es�ddit�.�s1 securit}��m�r all sUms sr,4vred by this Securiry Insttu��-
<br /> Ei•ihe F1u�ds held by Lstide�,c:�nsad tho�maunts Pernmztea►o be held by appiteibl2.law.Lwder shall scoour►c'nn�..�+rrower
<br /> for ibe exxss Funds ia accordu�•,wiYh the i+equinments.vf npplicable law. If the urwuni of the Funds held by�:�ui�r at ay
<br /> • dme is aot sufficieat to pay the Euxow Items w�hen due.L.t�c�.er Tnay so notify Borrower in writing.and.ia such cASe 8orrower
<br /> � sl�lyl,pay to La�det the amouac nit�tsuy to a�aice up the de f:isiency. Borrower s6il1 mwke up[he deficirncy in�io�more ttua�
<br /> . . twe�;;v=monthlY p:ytaents.at I.enc�r's sole discretioa. ' .
<br /> �,� +.:�➢on p�ymenc in tuU of ali aums sxured bY this Soc+�uiry Insuumeac, Lender sLall pmmpdy retuad to Bormwer my
<br /> Fun�'held by L�eadcr.If,uader par+araph 21,Lender shaU�cqutrc or iell the Property.l.wder.Prior to tbe�cquisiaoa or s�le
<br /> of tbe Pmp�rty.s[�uJ�l�pply any Funds beld by La�der�t the[ime of acguisit�on or sale�s a credit�gainst tiK sums�ecurod bY
<br /> this 5ecu�ity instr�.^,ent.
<br /> 3.Applia�toa�flt P�ymeMs.Udas applicable law provides otherwise.all prymana raxlved by I�ender wder puaEr�pt�s ;�: ��
<br /> 1 aod 2 shall be�pplied:fenc.to anY PnP�3'ment chu6es due under the Nou;socond.to unouats p�yable uuder pangn�ph 2:
<br /> third,to intsnst due:foutth.to principal due:aad latt,to�ny I�te chuga duc under�he Note.
<br /> 4.C�c�ai I.ieas.Borrower shaU pay�11 w�a.�uasmrnu,chuges. fwa md impositioas utributabie to the P[�paxy
<br /> ,�:�� which mry ataia prioriry over thIs Securiry inctiumrnt. aod lea�ehold paymencs or gc�und rants, if any. Borrower s1sa11 WY
<br /> thele.oblitatioas in the manner p��rts�ided in patagcaph 2,or if na pYid in that m�naer.Barrowa shall pry them oa time diraxly
<br /> w tlfs;�oa owed payment.�r�nMtir shatl promptly fuinish w Leader�11 notioa of amouna to be paid under thk puagr�ph.
<br /> If Borinwer m�i�es tha�ptym r.u:s:b)�cextly.Bortower shW prompdy fumish to Leader reaipss evibeacit�tbe p�yments•
<br /> Horrowu si�l,��t��e my liea whiati dat priotity over this Security Instn�ment unlas Bo�rower:(r)�Bras i�o
<br /> wridqg tp tbe p���r.n of the obliguion aecurod by the liea in a manner aceeptable ro I.ender;(b)oontests in Bood faith the lie� :
<br /> by. � defe�ds i�gt�irt�c enforocr�ent of the lirn in, legal Procerdings which in tbe l.cnder's oginion operue to preveatt tde
<br /> eat�rsxstitan[af�he lten:or{c);s�ecura from t6e holder of t6e lien�a agramenc s�tisfactory to l.�essder subocdimcing tLe lien to
<br /> thic�ecurity Guuument. lf l�nder decermines thu u�y pacc of the Prnperty is subject to a lic�which may uuin priotfry over
<br /> , this Securiry InsuWmcnt, Lender mey give Rorrower a notix ideatifying the litn.Botrowtt ah�ll sa�tisfy tht lien or nke one or
<br /> � awn of t�e action�set fottb above within 1Q days of�he giving of aotice. ,. , �
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