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<br /> TO�ETH6R WITH all thc improvcmcnts now or hereuftcr crected on thc property, und ull casemcnts,uppurtcnances,und
<br /> fixtures naw on c�rcuflcr i� purt of thc property. All replacement�; und additionti shull ul.o bc rovcrcd by this Sccuriry
<br /> ►nstrumcnt. All of ihe forc�;oin�is refcrred to in this Serurity Instrumc►�t as[hc"Propeny." _.
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<br /> BORROWGR COV�NAN'fS that Borro�ver i�luwfully �ei,�..t�if thc c�ta�c hcrcby a�m�c}�cd attd ha�the right ro grant.md _
<br /> convey the Pruperty und that the Property is unencum6�red, except for�nc:umbrances ot'recurd. Borrower wurrants and w�
<br /> defeiid gencrully the title to the Property uguinst a!I claims und demundh,sutsjoct to any encumbrunces of'recc�rd.
<br /> ,,,,,,'� THIS SECURITY INSTRUMENT comhin4s uniform covenants for r.aitional use and non-unitivm r��venants with limited
<br /> . variatiims hy jurisdiction to canstitutc a uniform security instrument coverin�real property.
<br /> UNIFORM COVENANTS. Bnrrower and L,ender cavenant und u�ree as foUows:
<br /> 1. Puyment of Yrinclpul und Intcrest; Prepuyment nnd Late Charges. Borrower shuU prompdy pay when due the _
<br /> 3 principal i�f und intcrest nn thc debt evidenced by the Note and any prepayment and lutc chargcs due under the Note. —
<br /> � 2. F'unds for Tt�xes and Insurance. Subject to applicuble law or to a written waivcr by Lender.Borrower shall pay to
<br /> �� Lendcr on the duy monthly payments ure due under the Note,until the Note is paid in full, a sum("�unds")for:(a)yearly taxcs —
<br /> � and u,sessments which may attain priority over this Securi�y lntitrument as a lien on the Property; (b)yearly leasehold payments
<br /> l` � or ground rents on the Praperty,if any; (c)yearly hazard or pi:�perty insurance premiums; (d)yearly f]aod insurance premiums,
<br /> if any; (e)yearly mortgage insurance premiums, if any; and(t� any sumx �nyable by Borrower to Lender, in accordunce with
<br /> the provisions of parngraph 8, in lieu of thc payment of mangage insut�anc�premiums.'1'hesc itemx ar�called "Escrow ilents."
<br /> Lender may, at any time, collect and hold FunJs in an amaunt not to ecceed the rnaximum amount a lender for a federaUy
<br /> related mon�age loan may rcquire for Bono�ver's escrow ucrount under the federal Reu.l Estate Settlement Procedures Act af _.
<br /> ' 1974 as amended from time to time, 12 U.S.C. Section 2601 et sey. ("RESPA"),unless another law that applies to the Funds
<br /> �' � sets u Icsser :unount. If so, l.ender may, at any time, collect and hotd Funds in an amount not tn exceed the lesser amount. _
<br /> , Lender may estimate the amount of Funds due on the batiis of current data und reasonnble estimates of expcnditures of fitture
<br /> , Escrow Items or otlierwise in accordance with applicable law.
<br /> The Funds shall be hcld in an institution whosc deposits are insured by a federal agency, instrumentality, or entity
<br /> tis• (including[..E:nder,if I.cnder is such an institution)or in any Fcderal Home l.oan Bank.L.ender shall apply the Funds to pay the
<br />- Escrow Icems. L.ender may not charge Borrower for holding and applying the Funds, annuAlly analyzing the escrow account,or
<br />�'•�''�'• '"' verifvinF the Escrow ltems,unless L.ender pay;Borrower interest on the Funds and applicable law permits L.ender to mukc such
<br /> �'�''`."''"•° a charge. Howevcr. Lender mAy require Borrower to pay a one-time charge for an independent rcaI csiatc t;uc ccFiu�7ii�b san%�.e
<br />�:::-:�•-�.�� . used by Lender in connectian with this loan, unless applicable law provides otherwise. Unlcss an ugreement is made or
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<br />-=:.�-ri,�n.: applicable law requires interest ta bc paid, Lendcr shall not be required to pay Borrower any interest or eamings on the Fun s.
<br />�'i�''-==: _ Bonower and T.cnder may agree in writing, however, that interest shall be paid on the Funds. I.ender shall give to Borrower,
<br /> ���1{�yi`��;•. withaut charge, an annunl uccounting of the Funds, showing crcdits and debits to the Funds and the purpose for which each
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<br /> — --`"''"`° debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Security Instrumcnt.
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<br />_�,._�1, .=z{�'�•' If the Funds held by Lender exceed the amounts permitted to be held by applic:able law,L.ender shall account tu Borrower
<br />�;;��-��,-�-�,.; — for the excess Funds in accordance with the requirements of applicnble law.If the umount of the Funds held by Lender at any
<br />—=;�"`;,'i?° time is not sufficient to pay the Escrow Items when due.Lender muy so notify Borrower in writing,and, in such cnse Bonower
<br />-° -, ,i• ' shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in no more than
<br /> ,-�"���:�-� twelve rtionthly payments, at L.cnder's sc�le discretion.
<br />������ Upon payment in full of all sums secured by this Security Instrument, Lender shull promptly refund to Borrower any
<br /> ;,,:. Funds held by l.ender.lf, uncler paragraph 21, Lender sh:ill ncquire or scll thc Propc�rty, L.ender,prior to the acquisition or sale
<br />"`��� of the Property, shall apply any Funds held by Lender ut the time of acquisition or sale as a rredit ugainst the sums securcd by
<br /> -- - this Sccurity Instrumem.
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