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<br /> TOGETHER WITH dl the improvomenu now or h�ere�tte�croctad on the propeny,�xl wll�e�cment.r,�ppu�teMnca, wxi
<br /> fixtucca now or heraRe� a prt of the pmpeny. All npl�rxmenu and sddlti�na shYll alsu� be cc�vera! by thb Security
<br /> lokn►tntnt. All of the foregoin{is referrod to in thie Sec�dly Ine�rummt�s the"Property,"
<br /> HORROWER COVENANTS that Barrower i�lawfully ueised of the estate hereby n>nvcyexi arxl hac thc right to�rant �nd
<br /> C0"�n' � �'P��y� � � P�nY �f v���red, except far encumbranoea of rornrcf, Boronwer wxrcants and will
<br /> defend�enerally ttie dde to the Property egains;ull clafma md demAncls,subJrct ta any onc;umbrunces nf rccnrd.
<br /> Tfi1S SGCURiTY ItVS'I'ItUMENT combinea unifomi oovenants fur natioiwl uae rnd nan-uniform coverunts wiih limited
<br /> vuiMioro by jurizdinion to mmtitute a uniform aecurity inatrument coverin�real property.
<br /> UNIFOItM COVENANTS. Bon,ower and L.endcr covenant and agrct as follows;
<br /> 1' �y�°t °���Pr� ��; Pt'ep�yme�t aod I.+�te Ch�rtee. Borrower shnll promptly pay when due the
<br /> principal of a�d intereat on the debt evidrnced by the Note�nd any prepayrrnnt u�d late chsrgts duc under the Nae.
<br /> 2. FLnds tor Taxes rnd In�urance, Subject ta�ppllable law or to a written waivar by Ltncfer, Borrower shall p�y ta
<br /> Lcnder on the dny mon:hly pa��rmend ar�e due under the Note,until the Note is paid in full,a sum('Funds")for: (w) yeuly taxes
<br /> ,and aesessmrnts which mny uttein priority over this Secvrity(nstrument as a lien on the Pruperty;(b)yeuly Ieauhold paymcrw
<br /> ` m'ground r�nts on the Froperty,if any; (c}ypuly h�z�rd or property insurnncc premiuma;(d)Yeariy flood insuranc�e premiums,
<br /> if any; (e)YearlY mr�rtgage insurQna promiums. if rny; ard(fj yny sutns paY�ble by Borrower to Lender, in aocordmce with
<br /> the provisions iif pnregraph 8. fn liw of the p�yment af moegage insitrarw�e premiums. Thtse items are called "Fscruw Items."
<br /> �� �riY, � �y �e, callat and hold Funds in an sunount rat to exceed the maximum amount a lerder for �foderally
<br /> ��� ��8�����y:reyuire for Borrovver's escrow xrount under the federal Real Estete Settlement Proctdurcs Act of
<br /> I974�.t tmended frcxn uq�e ta time, 12 U.S.C. Section 260t et seq. ("RESPA"), unless another Ixw that a�plia to ihe Funds
<br /> ada �leaser art�ount. Tf so, (.eader m�,y, tt any time, oollat and tald Funds in an unaunt not to eacood the lesser arnourK.
<br /> ��+' �Y����the ambud of Fund�due on the bssia of current datu ar�d reaconab�e atirrwtes of eaprndiwres of future
<br /> Fx�mw Items or othenvise in�coor+d�roe with applicable law,
<br /> The Funds ahall be held in an irWitution whax deposits are insured by a federol ugerxy, instru►neot�lify,or ent�ry
<br /> (inclndirq I,enda,if I.enda is wch�n inrtitution)or in any FederAi Home Lwn Banl;. Lerder atull Apply the Fwnds ro py tbe
<br /> ExTrn►'Ite�.I�der may not diarye Sorrowa fnr hotdin�ud applying the Funds.annuaily wlyzing the p�cr»w, aoo�ua. a
<br /> ��'i����►'�tan.�,unlat L�c1er paya Horrower intu�eat on the Punds ond applicable I�w permita L,ender tv m�ke auch
<br /> a d�e. However. La�der may require Borrower to qy:an�-time charYe for an independent ral eatue tu reportiu� savia
<br /> � hY � � oau�ectiwn with thia loan, unlaa �pplicable law provides otberwiu. Unlesa �n agroempx i�m�de a
<br /> appliable law roquira i�Darat b be p�id�I.uder shall not be roquicn�i to P�Y Horrower mv inrrlest or euninox� �h..Fw.a.
<br /> ,ournnrer aod 4�+oa uMyr Ap+ee in �nitirtg. ho�ever. du�t inca+e�t s#+all be paid an the Funda. 1.a�der�hall give to Bonow�r,`.4
<br /> �'ithout ch�d��.;M atmual a000untir�of the Funds, showin�cre�it��nd debita to the FuMa and ihe purpae for whicb
<br /> debit to the lrUntl!'wa�n�dC 'I'fie Rutds�ro as ddi' bY h, �
<br /> t P�i� u4��'&9�lrfry for all wme�ecurod 'this Securi luetnammt.
<br /> ,•• 1f t6e Funda held by I,chda exoeed the amounts per�nifqal w bt held by�pplicable law.I.ender�hdl a000��h.t to Borrowet
<br /> •:ti1fAr;tbe e�coeas Pwde�n�ocoidanoe with the requiremetjts�+nf�pplicable law. If the amouM af the Funds heW.by.l.e.nder at my
<br /> ,��Ime u not wtticleot w p�y th�A�c�v Iu�y�d�,��,w notify Bornowa in writing,:.aiid.in sifiihh t�Bormwa
<br /> • slpU p�y to I.eader the m�oiu�t rc�oees�ry to m�ke up the deficiency. Borrowix�lull rtuke up the defic�ency in no mone d�an
<br /> , twalve wonlblY Phr�u. at Laoder'i wle dix.�netion.
<br /> UP�P�Y� in full of �II suws iewred by thb Saurity Inetrummt, Lender sl�all promptly rcfund W Borro�ver�ny
<br /> •�Fham hdd by L�eoder.[t. wider p�ra6np6 2l,L.ader ah�ll�cquire or�ell the Property. I.ender,prior W the�otjuieilion or t�le
<br /> oi tMa Peopaty. �11�PMY eitY Pu�held by Lerder�t the dme of,scquiaition or ade as a crndit�gainu tbe.xulm savred by
<br /> thi�8anaity lotr�m�aK.
<br /> 3•A!!���"a7�e�ot�.Udes��ppliabb 1aw prorides odietwi�e�all p�ym�nts reaived by Lender unda p�nplu
<br /> ',t �ad 2 s6�ll be�pplied:Rr�t, w u�Y P�'�r�dW�s_due unda die Note; ieoord.to�nourW psy�ble ueder par�raph 2;
<br /> 't�ird.ro inleerit due: fourth.b princ�ipd due:aod lat�?Eu any late d�ar�es due under the Nate.
<br /> 4.C1�'�IJer.9otrower slull py al!tues:��as,sesament:. clurBa. ftaa atd impo�sitions attdbutab�k io�the P�operty
<br /> �b�Y�p�ky ova this Seauity Imwmeht,ard kamehold P�1�s a t�� �ta, if any. BorrvMer i6dl pay
<br /> die�e obU�tlot�t W tbe nrnner povided in pi�a��aph 2,or itnot paid In dut awmer�Aorrower slWl p�y t�em on timedirectlr
<br /> to d�e Penou owrod pryu�t.Bo�rower�hdl p�omptly tiunish to lenckr all ncxioes of unouMS to be paid utder thia�.
<br /> If Aonvwrsr rtrket tl�ere p�ymetW diratlY,Bormwer�fWl pmrt�ptly fWrnieh to I�roceipt�evidenc�tnE the payme�n,
<br /> ���P�'�Y di�*{�anY tkn whkh hts prioriry ova this Secvrity Inetrume�t unlest Borrower:(a)�ras ia
<br /> wrltiqt ta the paymeat ot the obll�atkn seatrod by the lien in�m�nnec:aooeptable.to l.arfa: (b)auiMe�ts In Qood faitL the N�qia.•
<br /> by. or defaa¢�t.agdr�st eaforcernmt of the iien in, le�l P�4B9..whicb in the Leader's opinion qierate to pr+evax�.
<br /> enfar.�an�eot of•the lim;or(c)aaair+a from the bolder of the liea�a'i�ramdx srtisf�ctory•to I rnder subordirt�tin�tk lian ob
<br /> d�Sxv�ty Ii�trumarc. If LR+�da daaminrs that�ny,•l�rt ot the Prq�erty ia subjax to a Ikn which wy atnin Frrjaiq' m'er
<br /> thi�Searity jmwn�a�t�Lend�er op�y�ive Borrower a n�l[cx identifying the lien.Borrower alu4 satisfy the liar�bt�tah one or
<br /> more of tl�e�tions set forth�bove rvithin l0�daya of the giving of notia. �
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