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<br /> TOGETH�R WITH ull thc improvcments naw or hereafter erated on the propeny.and All eusements,apRurtenances,wxt
<br /> fixturrs now on c�reai'ter a paR of the property. All rcptsaments and addidons shnll ulso be cavcred by this Socarity
<br /> Insinan�cnt.All of thc foregoing is rcfcrred to in tl�is Securlty (nstrunknt ns the"Property."
<br /> BORRQW�R CnVBNAN'1'S that 13�trower is lawfully seised of the cstatc hereby cunvcye�l uiKl ha+ihe riglu to brant and
<br /> convey the Property and thut the Property is unencumberal. except for er.cumbrnnees of record. Borrower warrants and will
<br /> defend gencralVy the title to thc Propcny against all cluims and demands.subject to miy cncumbrances of record.
<br /> THIS SECURITY INSTRUMENT comb3nes uniform covenants for nattanal use und non-unifurm covenunts with limited
<br /> variatioas by jurisdiction to constitute a uniform secudty instrument coverin$rea➢property.
<br /> UNlFORM COVENANTS.Borrower and l.ender covenant and agmx us follows:
<br /> 1. Payment of lMncipnl and lnterGCh, Prepayment s�nd i.�te Charges. Borrower shall pro�nptly pay wl►e�� due tl�e
<br /> principal af und interest on the debt evidenced by the Note and any prcpayment and late charges due under the Note.
<br /> 2, F�nds for Taxes and Insumne�.Subject to applicable law or to a written wa�ver by Lender, Borrower shull pay to
<br /> Lendcr on the day monthly payments am duc undcr the Note. until the Note is paid in full,a sum("Funds")ior:(a)yearly taxes
<br /> and assessments which may uttain pdariry over this Security lnstnunent as a lIen on the Praperty:(b)yearly leaseho(d�,uyments
<br /> orground rents on the Property.if any;(c)yearly hazard or property insurance premiums;(d)yearly flood insumnce pr�niums,
<br /> if eny:(e)yearly nwrtgage insurance premiums, If any;and (�any sums payable by Bottower to Lender, in ac�rdance with
<br /> the prnvisions of paragrnph 8.In lieu of the payment of mortgage Insurance premtums.These items are called "Escrow Items."
<br /> Lender may, at any time, coltect and hold Funds in an nmount �mt t4 excad the maximum amount a lender for a foderally
<br /> related mortgage la�n n�ay require for Bottower's escrow necount under the federnl Real Estate Settlement Procedures Act of
<br /> 1974 as arnended from time to tIme. 12 U.S.C. Section 2601 er seq.("RESPA"),unless another law th$t applies to the Funds
<br /> sc�s a lesscr wnount. If so� l.cnder nwy. ut any ttme, collect and hold Funds in an amount not to exctxd the lesscr amount.
<br /> Len�icr may cstimatc thc anount of Funds due on the basts of curnnt data and reason�ble estimatos of expenditures of futuro
<br /> Escrow ltems or othervvise in accordance with applicabfe law.
<br /> The Funds shall be held in an institution who.tie deposits are insured by u faieral agency. instnunentulity, or entIty
<br /> (including Le�xler,if[.ender is such an inst[tution)or in any Federal Home Laan Bank.Lender shall apply the Funds to pay the
<br /> Escrow Items. I.ender may not charge Borrower for holding and applying the Fw�ds.annualty analyzing the escrow sccaunt.or
<br /> vedfylnR the Fscrow Items, unloss Lender pays 8orrower interest on the f�ur�ds and uppltcable Iaw permits I.ender to make such
<br /> a chsrge. However,Lender may requlro Barrower to pay a one-tirne charge for an independent real estate tax rcporting service
<br /> uxd by Lender i�� connection wlth ihis loan. unless applicable law provides othenvlse. Unless an agrecment is made or
<br /> applicable!aw nquins interest to be paid.Lender shall not bc rcqiafred to pay Borrowcr any interest or earnings on tha Funde.
<br /> l3orrower and Lender may agra in wddng,however,ehat intercst shall be paid on the Funds. Lcnder shall give to Borrow�r.
<br /> without chargo, an unnual acwunting of the Funds,showing credits and debits to the Funds and the purpose for which each
<br /> debie to the Funds wus mode.The Funds cue pledged as additional saarity for eil sums secured by this 5ecurity Insuument.
<br /> I�Z�1G CLLtIJJ IIC�Ij Ly LC/11iC1 C�a.�i�i Zj1l.aI�SO{US�S�SS{1�LLC�tQ L'"v tiCla t23'�S�SCSI�SC SSt:,i.ender sh�!!�ccaunt ta Earm:ner
<br /> fa ttee cxcess Funds in aomrdarke with thc roquircments of applicabl�luw. If the emount of the Funds held by Lender at any
<br /> time is aot sufficient to pay the Esrrow Items when due,l.ender may so notify Borrower in writ�ng,and,in such case Borrower
<br /> shdl pay to Lender the amount nxessary to make up the deficiency. Boaower shall make up the deGciency in no more thai►
<br /> twelve monthly payments,at I.ender's sole discretion. •
<br /> Upon payment in full of all sums Secured by this Security Instrument, Lender shall promptly nfund to Borrower eny
<br /> Funds held by Lender. If,under paragraph 2l.Lender shall acquirc or sell thc Prope�ty.Lender.prior to thc acqui�ition or sale
<br /> of the Propercy.sha11 apply any Funds held by Lender at the time of acqulsition or sale as a crodit against tbe sums secural by
<br /> thia Security Instrument.
<br /> 3.ApQllc�tion ot�ymenta.Unless applicable Inw pruvides dherwise,all payments rcccived by Lendor under paragraphs
<br />- 1 and 1 shall be apptied:first,to any prepayment churges due under the Note: sacond,to amouats payable under puagraph 2;
<br /> � third.to interest due;fourth.to principul due:and last, ta any late chsrges due under the Note.
<br /> 4.Clurges; LImF.Barrower shall pay all taxcs. asscssments,ch3rgcs.fines ar�d impositions attributable to the Property
<br /> - which may attain priority over this Socudry Instrument,and leasehold payments or ground rents, if any. Borrowcr shali pay
<br />� these obligAtions in the ma�mer provided in paragcaph 2.or if not gaid in that manner.Bomower shall pay them on timc diroctly
<br /> b to the person owal payment.Borrowcr shull promptly fumish to I.ender all notias of amounts to be paid under this paragraph.
<br /> ; If Bonawer makes these pnyments directly,Borrower sh:dl promptly fumish to Lender reaipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Sccurity instrument�unless Borrower:(a)agaes in
<br /> �riting to the paynxnt of the obligation secureci by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> ; by, or defends against enforcement of the lien in, legal proceedings which in the I.ender's opinion operate to prevent the
<br /> ' enforoement of tl�e lien; or(c)secures from the holder of the lien an agreecrnnt satisfactory to L.ender subordinating the lien to
<br /> this Securiry Instrument. If Lcnder determines that any part of the Property is subject to a lien which may attain priority over
<br /> this Security Iristrument.Lender may give Borrower a notice identifying thc lien.Borrower shnll satisfy the IIen or take one or
<br /> more of the uctlons set forth abovc with[n !0 days of the giving of notice.
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