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<br /> TQCiBTHER WITH all tho impravements now ar here�fler erocud on tFw pr�i�rty,anc!all:�fnts.appurtenusces,and
<br /> Ratures nnw �r tKrcaRer a prrt oP ehe pmpen9. All repl�►c:em�nts and aelAitians shall also Ix. cavared by this Socurity
<br /> i;;;tcu„�,rt.�tt of th�facegoing 4s referrc�! to in tMr�ecurity lnstrunxnt as tt�"Praperty." _
<br /> BORRQWE?R CUV�'NANT5 Ihat Bnrrow=r i.r lawfully sCised af the estate hereby conveycd uncl has the right to grant and
<br /> runvoy iho Prop�tly aixl th�t the Property ie unencumbared, except for encumbrances of recbrd.Bormwer warsants and will
<br /> defend generafly tho tltlo tu the Property�galnst all elaims and demands, subject to any encumbras�ces of cecord.
<br /> THIS SECURiTY INSTRUMaN7'cumbines unliurm coven�nts for natlonal usr. and aon•uniform covetwnts w[th limited
<br /> veriatiuns by jurl�clictinn m rnnstiwte u uniform r.ecurlty iastn�ment covering reul property.
<br /> UNiFORM COV8NAN7'S. Horrower end Lender covenant and agra ac follows: �,�,�n due the
<br /> 1. P�yment ot PrincipRl �nd Intec�at; Prel�a►Yment p�ed I.�te Charga. &►rrower shal!pramptlY PaY
<br /> pdncipil of and intcnst an thc debt evidenced by the Noto snd any prepaYment and late charges due under the Nate.
<br /> 2.�nds tor T�xq and Insurance. Subject ta epplicnble law or to a written waivei•by I.endcr, IioTawer ahall pxy to
<br /> Lendor an the day monthly puyments arc duc urxler tha Notc,antil tho Noto is paid in fuil,a sum ('Funds")for:(a)yearly taxes
<br /> and assessnxnts which may attain pdoriry over this Sxudty Instniment sts a Ilcn an the Property; ib) yearly Icuschold payments
<br /> or ground rents�n tho Property. if any;(c)yearly hnzard ar property insurance premiunu;(d}yearly�lood insurancc premiums,
<br /> if any;(�)yearly mortgagc insurance prcmiums. If any:and(�)any sums p�,yablo by Borrc�wer to L.ender.in accordanr.e writh
<br /> the provisians of paragreph 8.in lieu of the payment of mortgage insurnnr.e premiums. These items an cailed "Escrov�IIte�rs."
<br /> Lender may. st any time, oollxt and hold Funda in an amount not tU cxcmcd the maximum umount a lendor fo�r R fodecaity
<br /> nls�ted mortgage loan may requiro for 9orrower's escrow account unde7�'�. iederal 1[teal Estete Settlement Proc�odu.xes AcQ of
<br /> 1974 as xi►knded frum tlme to Nme. 12 U.S.C. Sr.cti�n 2601 et seq. ("RESPA"). utTJ:ess auuother tawv tAsit applies cQ the FwxEs
<br /> sets a,�.r�>�scr azr.rFlu�a,�. If so. Lender may, �an3F �• ���at� hold Funds in en arnount nat ta exocod the tess�r wnount.
<br /> �,e�adier.may esci,cnax�the amount of Fund�due on the basls of current data and reasonable atirnaces of expendltures of futun
<br /> Escrow Ir.ecns�sr.oth�eswis+e in a�ccordana with applicabk la�.
<br /> 'l�'�e gureds sPrntt fye tne�,d in an institution whosx de�zoczts are tnsurat by a federal egency, iastrum�►talnkY, or entiry
<br /> {inc��►xlin¢[.er�i,er.�£[rnder is such art instihttion)or in aqy Fodernl Home I.oan Bank.Lender shall Apply tho F�jrxv".�:.X�pay the
<br /> Fscrow Items. d.en�fer may not eharge Borrower for haldirtg and a�pp�yi�B tha Funds,amnually analyzin8 thc es�T�+�".ac."nu"t.ur
<br /> vtrifying the F.s�c,�raqr Items,unless Lcnder p�ys Horrawer interat on the Funds and epplicable law perm6ts LCQiclkr aa mik�such
<br /> a charge. However. I.ende�may requite Borrower to pay a ax-dme charge for an independent n�l esr�te t'ax�e}*ro'm�g servla
<br /> wod by Lender iu connoction with th(s loan. unless apFlicable law provIdes otherwise. Unlas an agree�aea�n .re made Qr
<br /> appllabte law requires intcrest to bc pefd,I.ender shdl not be toquirod to pay Borrower any interest or earrdngts;��n.the Fund.+•
<br /> gorrower und I.�nder may agrce in writin►g,however,ttat intesest shall be paid on the Funds. I.ender shAll give to Bormwsr.
<br /> , :�ithass��,?!�annuel accatntlns[of tt�e 1F�wc�is. showing cred3ts and debits to tha Funda and rt��iurpose for which eac�h
<br /> debit to the Fuada ws�made.'I�e Funds ssre pA�+i�d as�ddi�ianal uecurity for�11 sUms secund i�y ti�nz�cnrity In�ic�i�a�t.
<br /> � ' . .•.1f.the Fur�held by Lender excead the atnwun�s.�t�;r�:'�.��t t�b�held by�pplic�b,l�e taw,i.ender sh�ll accq�ti�n3�tQ Borrow�x
<br /> ;�,,.��� .#o�F'�hc ssocss�urrda i�aaordana with ttie re9Wreaar�us.c�f eqplicable law. If the�ma�!�f�t of the Funds held b�'1Ltrader at any
<br /> aa
<br /> . ,': . pm'e`is,�twit e��ftiCiani to P�►Y ttie Escmw Itea►s.y'lyen dUo.3�+'•r�,der may so notify Borm��r�n wn�ng. and.in sdel�;�tue�o�wu, •,; ,
<br /> � rawli,pay to '�p'�rc,the amount �cessa�'tcn��s�;A up the deticieney. &?nower shaU maicC u tha•�ficicncy i•{s:,�,.� �-h
<br /> , . ,�:1
<br /> �", • � twelve monthl��pqY4�tnents,at Lender's soA¢.d�i,�rc;�oa• • �-� • � � • �': ,�:
<br /> ' Upon paymant in full of all sumt secis�+ed by this Serurlty It��r•?►�n�,��anc1�m Flla11 promp�ti!X tefund tb;�7}3a�isa�Y{ei'atV•;,
<br /> Funds held by Lrnder.Tf.urnier puagnph 21.Lender shall acquire or so��!ih+e;�'rjY���r,prior to the soqt�i,ittnn or a�fe '�
<br /> of the Pmperty,shall apply any Funds held by Lender at the time of soqn3s�iion ar�sulc�� a credit ag�inst the sucro socu�+ed by
<br /> this Socwity Instcuma�t. .',• ,•,. . ' �'.
<br /> 3.Appilatfon ot Paymente.Unlas��'l�pble law provides othettiv�se:r�ll payments rcoetval�y 1.a�der under p�ragtaphs`�'. ,
<br /> 1 md 2 ahall be�ppliod: first� co anY P�'�PaY�nt chuges due under tP.e I�ou:second,to amounts�ypble undec prr�gr�ph Z: �`;:.,
<br /> third.to interac due:fourth.tA��A�iP� �;����.t����.����fines�rid t►npositions attrlbuteble fii,lhe Pnnpercy
<br /> 4. Clq�esi Lia�s.Borrii�vgr�st�il Qry
<br /> which may att�n priodty ovu this Secv�',�`3AStruma�t. and leasekxaW�lfaYments or grouad re:p�s:.3t�ny. Aorrower stuill pay ..
<br /> tl�ese obligations in the m�nner providod'I�P1�igreph 2.or if not p�i�d;fi'n�t1iAt ma�u�er. Horrower shA93;pa�them on tlme di�ecdX.�.'
<br /> tu the persan owed paymrnt.Borrowa stu�t�lromptly furnish to Lelde�,a}!notic�s of mounta td�+c�ri�id•w�der thi:p�rognph•.�.., :.
<br /> If Borcower tn�ea tfKSe ptYments dir,ctly.Borrower shall promptly fbrnish to Lender rooeipts es�e.n'c�Ing the paymetus. �
<br /> Borrnwer ahall promptly discl�arge any liea whtch hss pr�ority over this Socurity Inatrumeru unless Horrowct'::(+►)�Broes in
<br /> writins to the pymrnt ef the obligstion secured by the lien in a matmer aocepable to Lender:(b)e�itnRsu in good�hilW the Ikn
<br /> • by. or defcnds qgainst mforcement of Ux lien in. legal proceod[ngs which in the Ln�da's op:s�nioc-aporato to prevent the
<br /> eoforoement of the lien;or(c)socures from the holder o,f,tl�e lien an agrament satisfactory to Leo�ytr!aubondit►ating tbe i�ea w
<br /> this Security inucumem. if�nrJer ddermines that an�'�pfcni�of chc PropeRy is sub;�dt to a lien whia'�i;rt�ay aua�;m�.siorlty ovrx
<br /> thin Security Instntment�Lencier inay give Borrower a�nat�oc identifying the liere.�i.�r•rower shall sst:ti�,} the lit�u.q�r:tiylce one or
<br /> mon of the actiqns.sct forth above wi�hin 1(1 days of tf�'e�gzafitzg of rnsm�.�:.. � •• � :,.. , �
<br /> . . Fam�02d #� �
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