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<br /> 'POGETHER WITH all thc improvcment�now or hereaf[er erectcd on the property.and all cu.usemcnts,appuctcnanccs.and =
<br /> fixturas now or hereafusr a part of thn propcny.All replacements And additians shall also bc covered by this Security Insuument. . �-_=
<br /> All of the toresoing is rcfcrrcd to in this Sccurity Instrument as tho"Property." � s '���'`—
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<br /> BORROWER COVENANTS that IIoaowcr is lawfully sciscd of the cstatc hcrc6y convcycd and has ihe right to grant nn� �.'. -.
<br /> � convey the Property end that the Property is unencumbered, except for encumbrances of record.Borrower warrants and will , ���
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<br /> ...:�- defend generally�he title ta the Properry against ell claims and demands,subject to any encumbrences of record. � ,,: ���� �.,_
<br /> �� *� THIS SECURITY INSTRUIu�NT combincs uniform covcnants for nauanel usc and non•uniform covcnants with limited '-�' .,.;�-°`-
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<br /> variauons by jurisdicpon to consdwte a uniform security instrument covering real property. � ' ��� . : ".;;�,:_
<br /> LJNIFORM COVENANTS.Borrowcr und I.cnder covonant and agrcc as follows: ';,+`5:"."
<br /> 1.Paymen t o�Principal and Interest;Prepaymcnt and Late Charges. Borrower shall prompdy p y � . •`-:�
<br /> a whcn due thc � ' • +�.�__•_
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<br /> principnl of end intcrest on the debt evidenced by the Note end any prepayment and late charges due under thc Note. ..��:����;,:_
<br /> 2.Funds Pvr Taxes and Insurance. Subject w applicable law or to a written waiver by Lcnder, Sorrower shall pay uo • �°`
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<br /> �; Lender on thc�ny monthly payments are due under ihe Note,undl iha Note is paid in full,a sum("Funds")for:(a)yearly taxes .•.�;;:
<br /> " and assessmcnts which may susin priority over[his Security Instrumcnt as a lien on the P�operty;(b)yearly lcasehold paymcnts M'�`
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<br /> ;: •' � y or ground rents on tha Property,if any;(c)yearly hazard or property insurance premiums:(d) yearly tload insurance premiums,if , .!r;,�,��-
<br /> ' any; (e)yearly morigage insurance premiums,if any:and(t�any sums payable by Bvrrower to Lender,in accordance with the ,��'ti�r,' '.
<br /> � � provisions af pmagraph 8, in lieu of the payment of mortgage insurance premiums. '71�ese items are called "Escrow Itcros." � •'�,�;y:��:
<br /> �� L,ender may,at any time.collect and hold�nds in an amount not to excecd ihe maximum amount a]ender for a federally relate�l ' .,y.•:-,
<br /> mortgage loan anay require for Botrower's�escrow account nnder the federal Real EstateSettlement Procedures Act af 1974 as '� ,
<br /> �� amended from time m time,12 U.S.C.Section 2501 er seq. ("RFSPA"),unless anod�er AAw thet applies to thc Funds sers a lcsser °� ,�
<br /> � � amounG If so, Lcnder may, at any dme,coU�:ct and hold F�nds in an amount not to e�ceed the lesser amount Lender may i� •'�:��a�'��
<br /> t estimate the amaunt o!Funds due on the basis of cutrent data and reasonable estimates of expenditures of future Escrow Itesns�r ,,',.`�=:.
<br /> �;� otherwise in sccardance with applicable law. `"
<br /> '�'� The Funds shall be held in en institu6on whose deposits are insured by a federal agency. instrumcntality,or endty(including �:�;';.�
<br /> Lender,if Lenda is such an institution)or in any Fede�al Home Loan Bank. Lender sh�l apply the Funds to pay the Escrow � �-�=�--
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<br /> Items.Lender rnay not charge Borrower for holding and applying the Funds,annually unalyzing the escrow account,or vetifying l:_
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