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<br /> ; TOCiETHER WITH all thc improvemcnts naw or horcaftcr cratcd on thc pro{�cny, und ull cascmcm5,uppurtcnunccs,und i ,':��4
<br /> ; Gxtures now on c�rcattcr�p:ut of thc prnperty.All rcplw:cmcnts and ttdditinns rhnll ulu�t�c mvcrcct by this Sc;curiry lnstrumcnt. r .
<br /> j All of thc forcgoing is refcacd to in Ihis Sccuriry Inswmcnt a�tha"Praperty." • J'}-. ",r
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<br /> � BORROWER COVENANTS that Borrowcr is IawCuUy sciscd uf thc esmtc hcrcby convcycd iu�d hus the right to grtnt anci .:���":•....
<br /> ,���""; convey tha Pro(x:rty smd that ihe Prop�crty is unencumbered,exccpt for cncumbranccs of rccord. Borrower wiurant� and will ' � �•+,�t�
<br /> �"+ defend genernlly ihe dtle to ihe Property aguinst all claims and demttnds,subject w any encum6runces of rec:ord. '.�+4��'°;�--
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<br /> TH1S SECURITY INSTRUMENT combincs uniform cavcnants for naaonal usc and non•uniform covcnants with limit � ; ' .`."
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<br /> vari�ians by jurisdiction to wnstitutca unifarm sccuriry ins+.rumc�t covering rcal property. � "` '�:�`�.'+-`��- __
<br /> UNIFORM COV�NANTS.Borrowcr and l.cndcr covcnant and agrcc as follows: .�:����:
<br /> ' 1.I'�yment ot Principal and Interest;PrepAymeet and Late Chs�rges. Borrawer shall promptly pay whcn due the '";a'"-
<br /> , principal af and interest on the debt evidenced by the Note and eny prepayment and late charg�s due under tha Note. N , .. �;�_.=--
<br /> 2.Funds for T�xes aad Insuraace. Subjoct to app6cablc law or to a wriuen waiver by Lcnder, Borrower shal! pay tc� � ���a�,°=-
<br /> Lender on the day monthly paymenu arc due undcr the Note,unul the Notc is paid in full.a sum("Funds")for.(a)yearly tnxe� �, ;�•r,,-
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<br /> andassessments which muy attain priority over this Security Instrumentas a Gen on the Property;(b)yearly lcasehold paymcn .�;,n
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<br /> or�ound rents an the Property,if any; (c)yearly hHrarnl or property insurence prcmiums; (d)ycarly flood insurancc pmmiums,i �^`�;�,�--
<br /> . , � any;(e)yearly mortgage insurance premiums,if any;and(�any sums payable by Borrower to Lender. in accordance with ihe „';;��t
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<br /> provisions of paragreph S, in lieu of the payment of martgaga insurance premiums. Thcse itcros are called "Escrow Items." ^ -
<br /> Lendcr may,at any cimc,collcxt and hold Funds in an amount not to cxcccd the ma�cimum nmount a lendcr for a federalty rclnted �-''�p
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<br /> maAgage loa►►may require for Borrower's escrow nccount under the federal Real Estate Seulement Pracedures Act of 1974 as -
<br /> annmded from time to time, 12 U.S.C.Secaon 2601 er seq. ("RESPA"),unless another law ihnt applies to ihe Funds sets a Iesser ,,����`
<br /> � a�anoont If so, I.ender may, at any dme,collect and hold Funds in an amount not to eacoed ihe lesssr amount I.ender may
<br /> •� estimate Ihe amount of Funds due on the basis of current data a��d rea.sonable estimates of expenditums of fuwre Escrow Items or �
<br /> othswise in aceordance with upplicable law. _
<br /> �� The Funds shall bc hcld in an instiwtion whosc dcposits arc insured by a fcderal agency,instieumcnmtiry,or entity(including ° '
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<br /> ' l�nder,if L.ender is such an insdtution)or in any Federul Home Loan Bank.Lendet shall apply the Funds to pay che EscroW+
<br />-� .- iu:ms. I xnurr�uny i�u t i:Fidige ovii�7�%3.'f a r t;o;�I I$d i�t��a"�i y'f i l g i h C F•�"3;,.^.S l A'!°�!�3 P.°..Z�LRa 511�wcrsr►w amp�nt;Ot'VE�1fVlti�
<br /> •� the Escrow Items,unless Lender pays Bormwer intcrest on ihe Funds and applicable law pemiits Lender to make such a chargo.
<br /> "'�` Howevcr, I.cader may require Borrower to pny a onc-time cha.•ge for an indepcndcnt real es�atc tax rcpo►tin8 service uscd by �
<br /> Leaider in connecdon with this loan,unless applicable law providcs otherwise. Unless an�gneement is made a applicable law �
<br /> . �• reyuires interest to bc paid,Lcnder shall not 6c rcquired to pay Borrower any interest or earnings on thc Funds.Borrower and _
<br />- I.endcx may agrc�in writing,however.that interest shall be paid on ihe Funds.L.ender shull give to Borrower.wu'.hout charge.an _
<br /> armual accounting af the Funds,showirig credits and debiu to the Funds and the purpose far which each debit to the Funds was —
<br /> . made.'I1�e Funds er�t pledged as addidonal security for all sums secured by this Security InswrttenG —
<br /> , [f the Funds held by Lender exceed the amounts permitted to be held by applicable law,Lender shall account to Homnwer for _
<br /> ihe exccss Funds in accordance with Ihe rcquireme,�ts of applicable law.If the amount of the Funds held by Lender at any bma is
<br />_, not sufficient to pay the Escrow Items when due,Lender may so no6fy Borrower in writing,and,in such case Borrower shall pay
<br /> • " to Lenekr the amount necessary to make up the deCciency. Borrowe�shall make up the deficiency in no moro than tweEve _
<br /> monihly payments,at Lender's sole discredon. _;
<br /> � . Upon payment in full oF all sums secured by this Sexurity Instrumcnt, Lcnder shull promptly refund to Borrower any Funds
<br />� held by Lcndcr.If, under paragraph 21,Lender shall acquirc or sell the Property,L.cnder,prior to tho acquisition or sale of tho F�._.
<br />�'•��" +' Praperty,shall apply any Funds held by Lender at the time of acquisiaon or sale as a cmAit egainst the sums secured by this y�.,�..
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<br />_ �;�t , 3.Applirs�t3on of Payments. Unl�s appGcnble law provides otherwisc,all paymenis received by Lender undcr paragraphs _
<br />- y.���, ' 1 and 2 shall be applied: first,to suiy prcpayment charges duc undcr thc r �~ second, to artaounts payable under paragaph 2; __
<br /> --� •+'.;�j third,tn inu,rest due;fourth,to principal due;and last,to any late char�es 7 the Note.
<br />,_r."':�. ' "•t�� 4.Charges;Lfens. Borrowcr shall pay all taxes, asscssments, cha�� � and imposipons aUributable w the Property
<br /> � which may attain priority ovcr this Sccurity Instrument,and Icasehold paym. �ground rcnts,if any.Sonower shall pay thesc
<br />_.; •;�;;�� obligatians in the manncr provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on time direcdy to the � __ _
<br /> : :;�`;,:i111� person owal paymer►4 Borrowcr shall promptly fumish to Lender all notices of amounts to be paid under this paragraph. If __- _
<br /> ��'`� Sarower makes ihese payments dirocdy,Borrower shall pmmpdy fumish to Lender receiptsevidencing the payments. �—�`°'��___
<br /> Bortower shall prompdy discharge any licn which has priority over this Scxurity Instiument unless Borrower. (a)agnxs in =��
<br /> � wriung to the payment of the obligation sccural by the lien in a manner acceptable to L.endcr; (b)contests in good faith the lien ��.._
<br />_ ,_� by,or defeads against enforcement of the Gen in, legal proceedings which in the Lender's opinion opecnte eo prevent �ho "�';•�=�� =
<br />- enforcement of the lien;or(c)secures from the holder of the licn an agrcement satisfactory to[.ender subordinating the lien tn -�.?��a'��':=—
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<br /> this Security�Instrumen�)f L.ender determines that any part of the Properry is subject to a lirn whici�may ant+in priarity over thls '" �_
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<br />_ Sccurity Instrument,Lcndcr may give Bormwcr a nouce identifying the lien.Sarrower shall satisfy tho licn or take onp or morc ;�;;.<<ti�
<br /> :; of�he actions sct forth above wiihin 10 days of the giving of noace. ��� :��'.
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