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<br /> ` ' � " TOGETHER WITH a!1 the improvements naw or itereafter e�cted on the p�rapetty.and a�l CarGlle�4ti.uppunen;�n�r+.and .
<br /> - `` ` fixtures n�nw or hereaRer a Qart of the property. A!1 replacements and addidons tidal! alu. br cuvcnvl hy this Serurity
<br /> ` • < "•4.� tnsuument.All of the faregoing is referred ta in this Se�eurity Insuument s�s the"Propury." •-
<br /> BORROWER COVENAN'fS that Borrower is lawfttlly seised oi the estate hcreby camr•cycd and h��thc right ti�grant:utd `; '`�.
<br /> ' "`' convey the Pcoperty and th3t the Property is unencumbered.eacepi for encumbrnc�s of recard. Borruwer warnsnts and wiit .
<br /> �.;_�; defend gene�aily the tide to the Prnperty against all ciaims and demands,subject to any earumbrance�of rernnf• _;.�
<br /> THIS SECURTfY INSTRt3ME1�i'f oombines u�ifor�cavcu�nss fer nationa!usc and �ws►-wufortn rnvcnams with Ijmited °`y.,
<br />` , '� �,�'°", ' variations by jurisdiction to constiwte a uniform secusity instnnnent covering real pmpeny.
<br /> �, • ,` ` [INIFORM COVENAN'f'S.Borrower and l.ender rnvenant and agree as follows: . .
<br /> `::.,, . 1. Payatffit of Priuclpal and Inter�sh PrepaYment and Late CLarges. Borrower shall pmmptly puy when dae the -
<br /> • �. • - princiQal of and interest on the debt evidenced by the Note and any prepayment and tate charges due nnder the Note. (
<br /> ° 2,F'uQds for Taxes and Insuranoe-�ub}ect to applica6le!aw or to a written waiver by I.ender. Borrower shail pay to `t'', `;
<br /> . • - Leader an the day month[Y payments are dae under tlie Note.until the Note is paid in thll.a sum("Funds")for.(a)Y�Y�� ::
<br /> :-�:.•` . : :y.'`�
<br /> ,:y:'.�r �;�r and assessments w{uch may attain priority ovec this Security Uuwrnent as a liea on the Prope►ty:(b)Yearty leasehold payments .-..
<br /> '_, _ ur ground rents on the Pcoperty.if a�:(c)Year1Y hazard or propefiy insurance premiums;(d)Yearly flood inswrance premiums. �"r r,;,
<br /> � - . � if any:(e)Yeasiy mortgage insurance premiums. if any:and(�any sums payahle by Borrower to Lender.in accurdance with
<br /> � the provisions af paragraPh 8,ia tiea of the Qaymwt of mortgage insurance premiums-These itean�are called"Escmw Items.° -. :
<br /> _ ''t��y Lender may,at any time, collect and hold Funds in an amount not to ea�oeed the°'�u°�u°umount a le�der for a federally _;
<br /> ., .``��. for Borm�u¢c s escrow zocaunt under ttee fedeta!Real Estate Settlement Procedures Act of
<br /> '. ''' ':'•� celated mortgage 1�may requirt lies w the Fnnds
<br /> l974 as amended from time t�o.�. 12 U.S_�.�rtio� Il�1L•¢t seq.(°RESPA").unless another law tdat app� . .
<br /> ' r� : sxss a tesser amouat. If so. �Urz may.a���ime,+����!d hotd F�mds in an amaunt not w exceed the lesser amount. .
<br /> ' ,�� � r I.�er may estima:e•¢he amo��f Funds due en the basis of cumesrt�+aBd�easo�ble estimates of expenditiucs of future , .
<br /> . '':,•�.;J,-�'��f. � Sscrow Items or acf�swise in accotdance w�fa�piicable law. - ..
<br /> �-.�:`:<<,�.'.� s',':s+f° The Funcs �'�3 be held iu an instit,�3n whose deposits are ��by a federal agency. inswmentalIty. or enrity �,.�4.�
<br /> .:;�`�:.�, . ., .•., u�clE.din l.ender.if�.ender is such an institutzon)or in any Federal H�se�oan Bank Lender shall apply the Funds to pay the ...�•..:
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<br /> �<`�••...� , . . Escc+��5:ems. Len..dsr may not c�e Baao�ver for holding and apply"s�t3�e Funds.atmuatly analyzing the cscrow aeeount.or €:_-�,.
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<br /> . . '.,:.,�.�,, v����.�,��.�r.�,�nder��Sorrower interest on[!re�ds and appJicable law peratits I.cnder ta malce such +
<br /> `� '''t :;:•;. 3 d�.,�.How��er.ti.e,ndes m2y r.�irP I�x.�:�u+�to pay a one-time�'��for an ind�endent rea!estate tax reporting servEce �,,,_"`,t
<br /> '•�� • —
<br /> . ��,.�d� � ���on �i �S I;,r�..i.:�.ss zpT.lirable taa �ides athenvise. Unless an agreemerrt is made or t�_-1-_
<br /> a�"+i�ble law iequires interest ta Be paid,�►:;..�r s::a.'}�s3i�rr��te pay Borrower any intere�t or earnings an i6e Funds. _____-
<br /> 3
<br /> Borrower and Lender may agree in writing.�c��•.ver.thsr��est shal�be paid on the Funds. Lender shall g[ve to Borrower. ` -.-_
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<br /> � without charge. an annual accounting of the Funds.showing crediu and debits to the Funds and the purpose for which each e<<�_�_
<br /> ��'� ` � debit to the Funds was made.The Funds are pledged as additional security for all sums sec�ued by this Security Insuumen� ���
<br /> �`� �' If the Futids heid by I.ender exa�the amounts permitted to be hetd by applicable taw.l.endec shatl acoount w Bormwer �,,�
<br /> �"��`��," for the excess Funds in as�oordance a+ith the recN�mm��of appltcable taw. If the amount of the Funds held by Lender at at►y 4,_-
<br /> . -- t�me is not safficieat to pay the Escrow Itemc wnen due.ixnder may su uotify sorrower iss a'ritis�g.ss�.in such case Bunowet :_-
<br /> shall pay to Lender the�w�t��Y to make up the deficiency. Borrower shall make up the deficiency in no mure than �
<br /> � � • � ' tweive monthiy paymeats.at Lendei s sole discretion. �_: �;
<br /> . � • � � Upon payment in full of all sums secured by this Security Instrument. Lendet shall pmmptly cefund to Borrower any �..;;
<br /> � , Funds held by Lender.If.tuider paragraph 21.Lender shall acquire or sel!the Aropetty.l.ender.prior ta the acquisition or sale ___
<br /> � ,. ., � of the Property.shall apply any Funds held by Lender at the 6me of acquisitIan or sale as a credit against tGe sums seca�red by __
<br />_ : ., this Security Instrument..
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