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<br /> 'I�OCi6TH8ls W1TH all thc improvcmcnta naw on c�rcaticr crcctcd on tho property,and aU c;�scments.appurtcnancr,s. and
<br /> fixtures now on c�[cattcr a part of Iho property.All rcplaccmcnts and addltlons shall also bc covcrcd by this Socurity Inswmen�
<br /> � � All of tha f�rogoing is rcfcrrcd to in this Sccurlty Inswmcnt as thc"Pmper�y."
<br /> , .r�?� BORROWBR COVSNANTS that Borrowcr Ls lawfully scised of tho cstatc hercby convcycd end hag thc dght to grant end
<br /> convcy thc Propaty and Ihat tho Property is unencumbcrcd�cxcopt for cncumbrances of rccord.Sorrowcr warronts and wUl
<br /> �,,,ue+Mt: defcnd gencraily the ddc w tha Properiy against aU claims and demands,subJoct to uny cncumbrenccs of rccord.
<br /> �•+�'�'` THIS SECURITY INSTRUMHNT combines uniform covenanta for natIonal use and non•uniform covenants wlth Iimitcd
<br /> ' ' vatiaBons by jurlsdledon to consdwte a uniform securlty instrument covering real property.
<br /> UNIF'ORM COVSNANTS.Bo�rower end Lender covcnstnt and agrec as follows:
<br /> 1.Payment ot Principal and Intercsti Prepayment Aad L�te CharRes. Borrowcr shall prompdy pay whcn duc ihe
<br /> principal of and interest on the debt evidenced by tha Noto and any prepaymeat and late chargcs due under the Note.
<br /> 2.Funds tor Taxes and Insurance. Subjoct to appllcabte Iaw Ar to a written waiver by Lender, Borrower shall pay to
<br /> �, Lendor on the day monthly payments are due under the Note.until the Note is paid in fuU,a sum ("Funds")for.(a)yearly taxes
<br />__ and a5ssssments wh�ch may attFtin priodty over 1hLv Seciulty Instrument as a lien on ihe Property;(b)yeaely leasehold payments
<br /> � or ground rents on the Property►,if any;(c)ycarly harard ar property insurance prcmiiuns;(d)yrarly tlood insurance premiums,if
<br /> auy;{o) y�ty mortgage�nsurance premiums.if any;and(�any sums p3yable by Borrower to I.endu.in accordance with the
<br /> provisions of paragrapb 8, In lleu of the payment of mort�ege insurance premiums. These items are called "Escrow Items."
<br />'��� Lendcr may,at eny dme.coUect and hold Fur�ds in an amount not w exceed the maximum amount a lender for a fedually related
<br /> . ' mortgage loan may requlro for Borrower's escrow account under the federel Real F.state Seakment Procedures Act of 1974 as _.
<br />�'� � amc�ded from dme to ti�nc,12 U.S.C.Socdon 2601 et seq. ("RESPA"),unkss enother law tlwt appUes to tha Funds sets a lcssu
<br /> amounG If so, Lender may, at any time, oolkct and hold Funds In an amount aot to exceed the lesser amoun� Lender may
<br /> esdmata the amount of Funds duo on 1he basis of current data and reasona6k�dmates of eacpendiwres of fuwre Bscrow Items or
<br />- . �� otherwlse in accordance with eppIIcable law.
<br /> ..r' s� ' 11ie Funds shall be held in an insHtution whose deposits are insured by a federal agency,instrumentelity.or entlty(iacluding
<br />-'.'.+ �' Lendu,if I.ender is such an insdtuHon) or in any Federal Homa I.oan Bank. Lendu shail epply the Funds to pay the Fscrow
<br /> �. Itema L.endei msy not charge Borrowu for holding and applying the FLnds,annually enalydng thc es�xow account,or vutfying
<br /> �; �..:,:,��, • ihe Esx�:y IL�l3.t!n!� • P F'8:s g�n4w�r�t�r�t on thP F�s�ic ant3�lit?hl�law pP.[mitc irn�ler tn make cuch a charge.
<br />;;�;,';�.� . . However,Lendu may require Borrowu w pay a onc-time charge for an lndependent real estate tax reporiing servtce used by
<br />-`'"''"���`.�`;��, Lendu in connecdon with this loen, unless appilcable law provides o t h e r w l s e.U n less an agoement i s m a d e oc app ll c�b l e I�w
<br /> :�`,`:`�'::: � roquines interest to be paid,Lcndu shall not be roquirod w pay Borrower any i�tuast or eamings on the Funds.BorroNer end
<br /> i�`"�;�����"�' Lender may agroa in wrldng,howevu,that tnt�erest shall be paid on thc Funds.Lendu shaU glve to Bomowa.without chuge,an
<br />�'��,;����' annoal eccoundng of the Funds.ahowing credlts and debIts to�he Funds and the purpose for which each debit w the Funds was
<br /> --� _"�'�� �� made.'lt�e Funds em pledged ag addlHonal socurlry for all sums secured by this Security Instrument
<br />�.:.��;;,j� '' If the F1�nds held by Lender excad the amounts pumilted to be held by eppllcable Iaw,Laider ahall eccount to Borrowci for
<br />����'� ±! the excess Funds in eccordance with the requ�rements of epplicable law.If the amoant of tl�o FUnds held by Leader at any�me is
<br />�=���� •.� not eutflcient to puy the Bscrow Itema when due,Lender may so nodfy Borrow-,r in writing.and.in such ca.5e Bonower sl�all puY
<br /> --=--�'�� '? to I.enda the 9mount necessary to make up the detickncy. Borrower shall make up the deficlency in no more than twelve
<br /> .� '� monthlY PaYments.at Lender's sok disctetion.
<br /> ____..� 's Upon paynnait in full of all sums securod by this 5acurity Inswment,Lender shall promptly nfund to Bomower any Funds
<br />;N,�� ` hcld by Lender.If,under paragraph 21,Lender shall acquine or scll the Property,Lender.prlor to the acquLsition or sak of the
<br />� _� ` Property� shall apply any Funds held by Latder at tho dme of ecqulsition or sale as a c�ecdit egainst tl�se sums secured by this
<br /> — • Sectuity Inspvment
<br />� • 3.AppNcatlon of Pa�enty. Unless appl�ceble law provides othuwIse.all paymonts received by Lendu under pangrephs
<br /> _ _ 1 end 2 shall ba applied: frrst, to anY p�+epayment chugcs due undu thc Note;sccond,to amounts payable undcr paragrpph 2;
<br />�-y��� � thiM,to Intuest due:fourth,to princIpal due:and last,to eny late charg�due undu the Note.
<br /> _ • 4.C6�r�a=Lkns. Borrowa shall pay all tazes. assessments,cherga, fifn�s and imposidons ewibutabk to the Prope�ty
<br /> � which may attain prtority ova this SecurIty Instniment,and leasehold payments or ground rents,if aay.Borrowa st�ll pay these
<br /> �"`�"���'— . obli na in tl�e manner vided in h 2.or if not d in that manner.Borrower st�aU
<br /> -- 8� Pro P�P P� P$Y them on time directly to the
<br />� -� person owed peyment Barower shall pmmptly fumish to Lender all nodces of amounts w be p4id under this paz�greph.If
<br /> °'-�'�:�"'� , Borruwer makes thesa payments dirocily,Bomnwa shell promptly fiunish to Lender receipts evidencin thse �
<br /> ---���—�= S PaYmeuts.
<br /> -�;�Y�;�,.--� gunowu shall prompQy dischargo any lien which ha9 priorlty ovu this Security Instrument unkss Borrower. (e) agm.�s in
<br />�4�;�� ' wrlting w the payment of the obllgadon secnred by the lien in a manner acceptable to Lea►der;(b)contests in good faiW Ihe llen
<br />— .�-�';�''s`_ by. or defends against enforcement of the llen in, legal proceedings which in tho Lender's opinion operate to prevent thu
<br />��>.x`:���� , er►forcement of tha llen; or(c) secures from the holder of the liea an a�eement satisfacwry to L.endu subordinadng the lien to
<br />=r.:,;.-.�:,;�; � this Sxucity Instrumu►G If L,euder decermines tliat any part of the Property ls subject w a Hen which may attain prialty over this
<br /> - , Security Instcument,Lender may give Borrower q nodce Identifying ihe lien.Bocrowu shall satisfy 1he llen or tako one or more
<br /> -�- . of the actIons set forth above within 10 days of the giving of nodco.
<br /> - '� � • ForM 102t 9l�D
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