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<br /> ��"' �-� -'��� � TOGETHBR WQTH all the improvements now or hereaftet e�ected on the pr+operty.aad all�►scment�.atspurtenances,and �����
<br /> - ' ' l � fixtutes rtow or hereaRcr a part of tiu property. All replacPments and additions shall also be a�vered by this Security ' �-
<br /> `. . .A. ..
<br /> ` • :• .r ���,`=4�` truuument.Alt of the£oregoing is rcferred to in this Sccurity Instnune�t as the"Property." :
<br /> BORROWER COYENANTS that 8omnwer is fattifu►ly seised of thc csiate hereby mnucy-ed and has thc ri�ht tn grant.and -� }
<br /> . �. . . _'�.,�r,t, • .
<br /> *: � �;_ _ convey thc F�operty and that the Prvpeny is uneni.�umhcrari,eacept f�r encumbrances of record. Borro�ver«srrant�and wiD •
<br /> . : �•` � ' � defend benerally the ritle to the Property against alF claims aad Jemands,subject to any encumbranc�of rrtoN.
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<br /> , ,;���;; •��; THIS SECURITY IN�fltUMENT mm6ines unifomi covenants for natianat use and aon-uniform co�eoants with�IimiteA
<br /> , �ariadons by jurisdiction to constitute p�miform security instrument cuvering real propeny.
<br /> � .V`�; Y UNIFORM COVENAI�TS.Barrower and Lender covem�nt aicd agrec as foltows:
<br />__-_, - �� <��:.::.= 1. Pa�ment o�Prtncip�)aad Iateres�Prepayment aad Late Ctiarges. Borruwer shall pramptty pay w�hen due the
<br /> � -=7��-'. • pri�ipa!of and iaterest a»the debi e�ridenoed by the Note aad anY�repaXa�nt and latc chatges due under the Note. �
<br /> r _ �r �" 2.Funds far Tases and ItasusaQCe.Subject to appticable taw or to a writtea waiver Hy I.ender.Horcower shalf pay to °'
<br /> .t . � �;`��:. . Iender on the day manthly payments aze due under the Note.until the Notc is paid in fu!!,a sum!"Funds')for.(a)yearty taxes ` '"
<br /> - -- �`Y�� . . and asseasmenu which may attaire priority overthis Security Instrument r�s a lien on the Property:tb)yearly leasehold payments i ,
<br /> . . . .._._ :°t;-_; ; nt gtwiad renis on the Property.i+any:(c)Yeazly 6ar�rd or property insurance premiums:(d)year[y Rood ins�ranoe premiums.. �..
<br /> .�:�-: .. . _ � if any: (e)yeazly mortgage insurance premiums,if any;and(Q any sums pAyable by Borrowec to Iender.in accordance with 1t..-
<br /> , •. �::�`�Y�, � • ;::tpe provisions of paragraph 8,in lieu of the payment of mortgage insarance premiums.These items are called"Fscrow Items." '�.=.
<br /> � `' ' �•`����}` i..edder may;at�y pme. collect and holQ Funds in an amouai nat to excetd the maximum artwunt a Iender for a federalty `��,';
<br /> ,���`�Y'���'�'� relateii a�oitgage toan may,mquire for Borrower's�escmw account urtder the federal Real Fstate Setttement Procedures Act of
<br /> §#f�f�'`f�4l�x�nt�jy � .
<br /> �t`- 1974 as�neaded from time to time. 12�.S.C.Section 26Qi er seq.( RFSPA").untess anottyer law thut applies w the Funds `:
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<br /> ----<:,,.. , � � s�s a�esser amotmL If sa,Lender anay.at any tirae.collect and hold Funds in.an amount not to exceed.thu lesser amaunt. }.:,;.
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<br /> _ ,,..,y t.euder may estimate the amraunt of Funds due on the basis of cnrreat data end�ona6le escimates of ex�enditures of future �.;
<br /> ���-`�r° <<�;' Escrow,Ft�s or othe�sr,�ae�ar�aac�with applisabls law. � � ` . ; ' �` , , -
<br /> ` - 'I'he �isnds shalt'4�:
<br /> ,4,. �gi;�etx�-titutian whose deposits aic ins�red'by a federaJ.�;;� ���,u�ientality, qr:�iititS+
<br /> .._,�_�:�,.�.:;:.;,� ,.(inctuding I.einder.if i:�.i�i�:��'�>sn_'stitution}or ia any.Federat"Homc l.oaa Bank.Lea�ee�I.i;�ii�'d�•�=unds to pit���rhe .
<br /> �:--,- •' - � • '�semw ltems.Leadec nQarr�c.4 c�arge Horrower foc holding aad applying the Fands,annualiy'�Fy�n�•.ti�:e�w accoaai.or
<br />..` .4'•'..o_,•,',,f.�',' ' � . _
<br /> �f: . , .,.� . , :7erifying tue Esrrow Itettfs:�unless I;aisct�r.�ays 6ureinv.er interest oa the Funds nad aPPlicable law pe�mits I,�er ta make such
<br /> � '� �' � �a�charge.�nsvever.Lertder may requsy�.:�brmwer�a�iay a one�ime charge for an independent rea!estate fa�i regoning servtce °
<br /> ' ` '��;;. �used by �'�ec in connection with'�iiis toan, unless applicable.law prnvides othenvise. Uatess an �gceecneni is made or
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<br /> ._ . .,?.r�;:,�. applicabte f�mqnires interest to be paid,�ender shal!not De required to pay Bornawer any interest ar eamings on tRe Funds. .
<br /> � . Borrower and i.ender may agrpe in writing,hawever,that interest shsil!be paid on the Fuads.I.ender sltall give w Bomuwer; -
<br /> ''''�!� ; `"��A witbont charge,an annual accounting of fhe Fands.showing credits and debifs tu the�unds aad the purpose for.which each :�`
<br /> ���:�;�t,'��`>`�*'. . dehit ta th�:Funds was made.The Funds are ptedged as additionat s�uritY for alt sums secuned by this Serurity instrumen� '•;:;,��
<br /> . r.�,r,� f -." If the.��4nds hetd by L.ender exoaad the amo�nts permitted t��t�hetd bY aPPhcablB laq�,��adei shall acrnant to Li'u�a� _
<br /> t .'«1q� ,i.; � , for the ex�ss�Fands in accordance v�Ji;#lie requirements of appin�lte law.If tRe amoa�.v�f����unds held�by I.ende�at�iq � . r_.;;
<br /> „s�� �j�f t?'yi� ,� ;, ;,time is n6t svfficient ta pa.y the Escrnw Items wHen due,Lender may so aotify Borrower in�f�,anQf ia;f.�uch pse Bdrr'�aer :'•.: � Y
<br /> � �',��1�3;'' '` �hall pay-tb lender tl�er�autt necessary w make u{�;�the ddcciency. Honon+er.shuU ma�ce up�he d�era�ctc�?•is na more than ' }t.�f;�..
<br /> � ; ,.�,�.���Fr=� ,.•fwe�ve m�t�.Y Pa3+me�z:s.,.a�i.ender'�:scs!�.discre¢�d�art. •. . • ':: . : ..� � •�.�; `�
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<br /> < <, •.. , . iJpersr�s,uent�in fall�of ali,9rssiss�ar�.t�;s�ss SecursrA�:i�estrumeat; Leader slial[ p�amptly re�ittiiY•tb Borroar•,�r any
<br /> t` `� ��:".: Funds het� Lender.If,under ar� 21,fxade�;s$all a uic:a.or sell the y� nor to tJ�acc�uisitioa or sa2e ro
<br /> �::i.� 1 � -,. �U' F '9�T' cci P�vPetty.I.e�,drac:� ' ��
<br /> ��f�P�E�; ` oF Ne t�roperty.shali apply auy Fuuds heid by Lea�s at the tir,►e of acqaisitioa,c:;��alc as��?�ic agais���:�nns se�ured by ,-
<br /> N�'F�.. , .: this Security Irtstrument. � , .:.� • :., :`. �'r,::,�'
<br /> �� ."��� 3.A pUeatton of Pe effi.Unless ticable la�+ ravides otherwise.al�' ` ed b Lender under hs ��,���`
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<br /> .._��4,�•,;;�• i and 2 shall be apptled:tirst.to uny,prepa�yment charges due nnder the Note:sec��cd,��payable under paragr.t�.2:' _
<br /> � ' ' ''°� ' third.to imerest due:fourth.to prin�t�le;and last.to any late charges due under the N�,��:._;.:�. . � `�'' , _
<br /> .. .`' 'r`.�', , _ 4.Charges:Licas.Borrower sh�1T�;��{`aU taxes.assessments.charges.fu�es and itnFos"rwons amihptahle to the Property =-
<br /> ..� . :• �
<br /> •� whicb muy attain priority overthis Seci�i;�t,�.Instrument.and leasehold�ayment�or ground rents. if arr.�:'�.�ia,:sc�wer shall pay =_
<br /> . . .:;:•;'.: , :s. . ; :. �...
<br /> � =' �these obGgations in�he manner provide�j�r.;y�aragra�h 2.or if not paid in that manner.BorruNer shall pa�.�a�.��n time dit�ectiy
<br /> 1 .: to tha person owed payment.Bor[mwe�`siyu�S1.pmmptty fumish to i.endgr all�rotires of amotuiss to Is�paid under thls paraguph -
<br /> ' If Borrower�akes these payments d' �I�7.:Borrower shall promptfy fumish to I.ender�ecei�:.�si�videncing tbe payments. �
<br /> . � �.''; Borrower shall rom tl dischar` ,, Ilen which has riori over ihis Securi Insuument�uNess Bonower.(a)agees in
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<br /> <:.'�.;. �•� �' , writing to the paymeni of the obligation sxured by the lien in a manner acceptable to Lender,(b)contests in gaod faith the tien �;
<br /> , by. or defends again� epifoe�ea�ent;�.F fhe lien in, tegal pmceedings which in the Lendei's opiaion operate to prevent the. �_,.
<br /> � enforeement of ihe lien;i�r(c)sec�:rt,�t�m the holder of the tien un agreement satisfaaory to Lender subordirrating 1he lien W �?
<br /> . this Security Insnument.If Lender��+�ines thai any part of the Property is subject to a tiea which may�attain prioriry over �;
<br /> � this Securiry lnstTUment.l.ender map;y�e Borrower a notice identifying the lien.�orrower shall satisfy the tien or tatce one ot �`.-•
<br /> more of the actions set forth abnve within t0 days of the giving of notice. • �`
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