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<br /> ./dIR cASemcnts,uppurtcnanccs,and
<br /> ' TOGETH6R WITH all�hc improvcmcn�v now on c�rc:dtcr crcct�d on Ur�;.propc� � �
<br /> fixwres now or hereafter a psut af the propeny.All replxerrACndv ancl cu9�le�iar�s shal�also be covered by this Security Instrument. `
<br /> All af the torcgoing is rcfcrtcd to in this Stxuriry InsGrumetu as she"ProPcJ►Y:� ______.,..�.;;;;.,-,�:
<br /> IiORROWER COVENANTS thnt Banowcr is lav+fuUy seiscd ot�.e est7�'hcrcby�onvc:yul �,i�i i'�:U tt'�c ri�ht ta gr�nt stt� I
<br /> convey the Property nnd thut the Property is unencumbered, excepe far. en�umbranc:r•s of recard. IIorrower warranu;uid N�ill ;,..t.,,�c:;:•.f, ��`
<br /> 1V.,,,,,,,. defend generally the title to the Property against all clairns and dem3ncis,subp:�ct to nny encumbrances of record. :;..,4:: ��� s,,,µ
<br /> ., ,,,�. THIS SECURITY 1NSTRUIv�N'f combincs uni�form coverLants fmr rc�.tianal usc and non•uniform cavcnants with limited w;�:`F�-�t:'"=
<br /> variadons by jurisdiction to constitut�a uniform securitY inst�ument wverir�q real property. ;;+�___--�_�-•
<br /> UNIFORM COVENANTS.Botrower aztd Let►dCt cA�en�tt�2�d�$►Ce ag follows: -..;.;;«r+.`�`��'`-�'�
<br /> rnent anai Latt Chargss. Borrower shall promptly pay when due the ��; ��.�;� -
<br /> 1.Pay�ent of Principal and Interest;Prepay �' F � __
<br /> principal of and interest on the debt evidenced by th,e Nate artd anY Px�Yment and late charges dua under the Note. ,f:; . `%;i.t__ -
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<br /> Lcable �w or to a written waivcr by Lender, Bonower shall pay w •��`• • �-
<br /> •��'� 2.Funds ta�r Taxes ar�t1 Insura��e. Subject to ap�' '�'���'";;':
<br /> '��'.` I.ender on the day montrly paym�nu ar�dc�e undar the Note,unN the Note is paid in full,a sum ("Funds"}for:(n) yesrly taxas ____
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<br /> ' � and assessmer�ts which may Attairi priority ovcr this Secarity Instrument as a lien on the Property:(b)YcarlY leaschold payments ;;;�.._
<br /> or ground rents on the Propercy,if any;(c)yc.�tly hazard or property insurance pramiums:(d) ycarly flood insurance premiums,if =��
<br /> ' any;(e) ycarly mortgage insivance premiums,if any; and t��Y s�s Payablo by Borrowes a Lender,in accordance with tt►e
<br /> provisions of paragraph 8, in ticu of thc paysnene o[mongagc insurance pramiums. 'Iliesc items aro called "Bscrow Items." - -
<br /> Lender may,at any time,wilect and hold Funds in an amount not to excced the maximurn emount a Iender for a federaily rclatc,�1 ___
<br /> morlgagc laan muy rcquirc far Borrowcr's cscrow account undcr ihc fcdcral Rc,al Eslatc Scukment Praccdurcy Act of 1974 �.g _�-_
<br /> umcndcd[rom umc to time, 12 U.S.C.S�cuon 2601 er seq. ("RESPA").unless suiothcr law thet upplics w thc Fundw sc�a��s�r ��
<br /> • ,� wnounG I[w, Lcndcr may, at any timo,c�ticct und hold Funds in an amount not to cx�;ccd thc IcK�cr umaunt. I.cndcr may --
<br /> eydmutc the amount nf Fundy due�n the bu.gfy of current data und reu+onable estimates of expcndiwre�c�f Arturo F.u:mw ltemg c�r —
<br /> uthcrwi.so in uccordancc wilh upplicublu luw. _.
<br /> Thc Funds Nhall t�hcld ln an InwdtuUon whc��c dcpaxitv urc insurcd by a[cdcrnl agcncy. insvumcntality,c�r cntity(including —�
<br /> [.cndcr, it L.cndcr iy such an institution)pr in uny Fuicrxl Homc l.am Bank. L.cndcr stull apply�hc Funds to pay thc Gscrow �,�
<br /> ltcros. L.cndcr may no�chargc Borrowcr for holding und applying thc Funds,annuaUy analyiing thc csc:row account.or vcritying _
<br /> thc Escrow ltcros,unics.g Lcndcr puys fiorrowcr intcrest on thc Funds and appllcablc law permits Lcndcr to makc such a chargc. �
<br /> --���-�--- � HUWfSYtA�L�.ndcr may rcGuu�H�n^�^s rn pny a onGamc charBe for an indcpcndent rcal csiaus tax rcporting scrvicc used by =,
<br /> l.ender in wnnection with this loan,unless applicuble taw provides atherwise.Unless an agreemenc is madc or appli�ia�fa iaw
<br /> requires interast to Ue paid,Lendcr shnU not ba rcquircd to pay Bortowec any intcrest or eamings on the Funds.Borrower and
<br /> Lender may agree in writing,howcvcr,that intcrest shall bc paid on the Funds.Lcnder shall give to Borrower,without chargc,an
<br /> ' + annual accounting of the Funds,showing credits and debits to thc Funds and the purpose for which each debit W the Funds was
<br />� made.The F�nds aca pledged as addidonal secudty for all sums secured bY th�s�blo law,I.ender shall account to Borrower for
<br />- If the Funds held by Lendcr oxcced the amounts permitted to be held by app
<br /> ` ihe excess Funds in accordanee with the requirements of applicable law.If the amount of�he Furids held by L.ender at any time is
<br /> � � not sufficient to pay the Escrow Items when due,I.ender may so notify Borrower in writing, and, in such case Borcower shall pay
<br /> . • ��`'���� �N ta Lcnder the amount necessary to makc up the deficicncy. Barrower shall make up the de�cicncy in no more than twelve
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<br /> '• •• monthly payments.at Lender's sole discredon.
<br />�-' ���t;�+�.::� � Upon payment in fuU of all sums secured by this Security Instrument,Lender shall prompQy refund to Bonower any Funds
<br />� ������`''''�� ' held by Lender.If.under paragraph 21,Lender shall acquire or sell the Property,I.ender, prior to the ecquisidon or sale of the
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<br /> 7.;,,,,,,.....,, Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by th�s
<br />=' ' `" Security InstrumenG
<br /> "- 3.Application af Payments. Unlcss applicable law provides otherwise,all payments racivcd by Lender under paragraphs
<br />- - = 1 and 2 shall be applied:first,co anY Prepayment charges due under the Note;second,w amounts payabie under paragraph 2;
<br />�y.:;. � third.to interesc due;fourth,to principal due;and last,w any late charges due under ihe Idote. _
<br /> �' 4.Charges;Liens. Borrower shall pay all taxcs, assessments, charges, fines and impositions aaributaUlc to thc Praperry
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<br />��;,;,,.,....,< which may auain priurity over this Security Instrument,and leasehold payments or ground rents.if any.Borrower shall pay ese _
<br /> � °"M" obGgapons in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on dme direcdy to the =-
<br />-' �� . person owcd paymcnG Borrowcr shall prompdy furnish to Lendcr all noUCes of amowts w be paid under�his paragraph. If �
<br />- '� �� : Bonower makes these payments d'uecdy,Borrower shall prompdy fiunish to Lender receipts evidencing the payments. �_
<br /> � • � • Borrower shall promptly discharge any lien which has priority over this Securiry Instrument unless Borrower. (a) agrees in N,,,�
<br /> � writing to the payment of the obligaaon secured by the lien in a ma�mer acceptable to Lender; (b)contests in good faith ihe lien
<br /> # by, or defends against enforcement of the tien in, legal proccxdings which in ihe Lender's opinion operate co prevent the ._-_`
<br /> ; cnforccment of thc lien;or(c)secures from the holdcr of the lien an agrecmcnt satisfacwry to Lcndcr subordinating the lien ta ';u�Y _ -
<br /> ' this Securiry InstrumenG If Lender determines that anY Pan of the Property is subject to a lien which may attain priority over this �_,�.______
<br /> , Security Instrument,Lender may give Borrower a nouce idenWying the lien.Borrower shall satisfy the licn or take one or more ' .:�.'�-��:.-s=__
<br /> ot Ihc acpons set fonh abovc within 10 days of thc giving of noucc. Form 302e ���o ���`�`�f'"'�-
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