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<br /> TOGETHER WITH�Il the improvements naw or hereafter erected on the propeny,ai�d all casements, appunenAnces, �nd
<br /> fixtures now or hercafter a put of the praperty. All rcpluemem: nnd additians shali also be covered by this Securi�y
<br /> lnstrumrnt. All of the fo�e�oine�s referred�p ir,�his Security Instrument u the"Property,"
<br /> BORROWER CAVENANTS that Borcower is lawfully seised of theestate hcreby convoy�ed and has thr right to gran� and � ��
<br /> convry tbe Propen�� autd�h�t �he Property ic unencumbered, except far encumbrances of record. Borrower warr�nts and wfll �
<br /> defend�ener�lly the title ta the Property ag�ins��ll claimt s�nd demands, subject to any encumbrances of record.
<br /> THIS SECURITY INSTRUMENT combines uniform coven�nts for national use and non-uniform covenants wiih I:mi�ed �
<br /> vuiadons by ju�isdic:lon to constitute�unitortn security instrument cn��ering re�l propeny.
<br /> UNIFORM COVENANTS. Borrowcr and l.ender covenun and agra�s follows: M
<br /> t. Pa��ment of Princlpal and Interest; Prcpe��nncnt nnd Late Char;cs. Bono�l�cr shall promptly pa�� when duc thc �"a
<br /> principal of uid intercst on the de�t evldcncod by the Nole u�d�np prep�yment u�d late charges due under che Note.
<br /> 2. �unds for Taxa�nd Iruur�nce.Subjxt to applicable I�w or ta� wri[ten waieer by Lerider, Bnrrawer sh�ll pay co
<br /> Lender on the day monthly payments�rc due under the Note, until�he Note is p�id in full,a�um("Funds")for: (�)yeuly taxes
<br /> and usessmenes which tn�y att�in priority over this Security lnstrument as�lin�an th:Property;(b)yearly leuehold p�ymems
<br /> or ground rcncs on the Properly, if any;(c)yearly huard or pruperty insur�nce premiums; (d)yearly Aood insurance prcmiums,
<br /> if�ny; (e)yearly mortgage incurance pramiums, 'sf any; and (tl any sums pay�ble by Borrower to Lender, in ucordana with
<br /> the provisions of paragraph S,in lieu of the payment of morc�age insurame prcmiums. These items are called "Escrow Items."
<br />_ l�ender may, at any time, collect �nd hold Funds in an amount noi to ezceed the maximum amoum a Icnder for a federall��
<br /> relued mongage loun rtuy rcquire for Borrower's escrow account under the federal Real Estate Settlement Proc�ura Act of
<br /> 1974�s�mcnded fr�m time to time. 11 U.S.C.Section 2601 et seq. ("RESPA"), unless another!aw that�tpplia to the Funds
<br /> seu a lesser amounc. If so, Lender m�y. u any time, cotlxc md hold Funds in an amount not co exceed the lesser amount.
<br /> Lender may estirrute the unount of Funds due on the basiss of currcnt dan and rasonable estimates of expendituros of futurc
<br /> Eccrow ttems or otherwise in aceordance with applicable law.
<br /> The Funds shall be held in an institution whose deposits ue insured by a feder�l agenty, lnstrumer►ality, or entiry
<br /> (includiae l.ender,if I.ender is such an instinttion)or in any Fecfer�l Home Lom Amlc. Lrnder sh�l! apply the Funds to p�y the
<br /> Fscrow Items. Lender may no�chyrgG Bonower for holding and spplying�he Funds,uu�willy an�lyzin�the acrow aocount,or
<br /> verit�ing the F.scrow Items,unless 1.ender pays Aorrower imem[on the Funds and ipplic�ble law permi[s t.ender[o m�ice such
<br /> a chu;e.Howevet, I.ender may requim Horrower to pay a one-time charge for in independe�t real aute tu reportin�service
<br /> wod by I.ender in connxtion with this loan, unless �pplicable law provides a[herwise. Unless an agreement is mxle or
<br /> applic�bk l�w requires interest io be p�id,l,ender sh�ll not be requirui co p�y Borrower any interest or earnings on tho Funds.
<br /> $omower uW L.ende�•may agree in writing,however, that interest shall ba paid on the Funds. Lender shall Qive co Borrower,
<br /> witbou[ chuBe, an amual accounting of the Funds, showing crcdics �nd debits co the Funds ind the purpo�e for which each
<br /> debit�o the Funds wu m�de. The Funds rue pledged u additional securiry for �11 sums secured by this Securiry lnstrument.
<br /> !�tls.-�ussde}��Sd �y i�r�er ex�«d "uu�unuunta;icrntitta3 to bc hcid'oy appiicadle i�w, Lerxfer sh�If �ecoun�to eiorrower
<br /> foc tbe exau Furdi in accordmce with.thG requirements of�pplicable law. If the amount of the Funds held by l.rnder�t wy
<br /> tux ic aot sufGcient to pay the Escrow ltcros when due, I.ender rru�y so naify Borrower in writing, and, in such c�se Borrower
<br /> s1W1 pay tp �.ender�he amoun�nrcessary��to m�ka up the detciency. Borrower sh�ll make up the deficieney in no morc thu�
<br /> tvvelve morith7y paymmts,�t L.ender's sole discncian. .
<br /> Upoa paymeat in full of�Il wms securod by thia Security Instrummt. Lender sh�ll promptly rofund to Borrower any
<br /> � ,�uads held by l,ender. If,under Par�g�ph 21, Lrnder:hall acquin,or sel]� Prnpeny. Lender,prior to�.he acc�uuition a aak
<br /> of the Property, sh�ll apPly any Funds t�eld by I.ender at th�time'of�acqaisition or s�le u a credi[ag�inct tha sumt setured by
<br /> thi�Securiry Instewnent. ' .
<br /> 3. Appiintion of Pry�nea�.Unlas applic�ble I�w provides otherwise,all payments raxived by Lender under para�rapAs
<br /> - 1 �od 2 �hall be applied: finc, to any prepaymem chuges due under the Nae; second, to artwunts pay�ble under parygn�ph 2; �.
<br /> thjrd,w intere�t due; foutth, �o princip�l due;and last,to my lue char�es due under the Note,
<br /> �1. a, l.leac. Bomower sh�ll p�y�ll tues, assessments, charga, fines and impositions attribuuble to the Propeny
<br /> whicbpny���r�ver this Securiry In:w:nrnt, �nd leau�old paymenu or ground renu, if my. Borrower shall p�)' :�, .
<br /> tbae obli;ations in the miinner provided in pusgraph 2�or if not pud in thu m�nner,Borrower shdl p�y them on time directly �
<br /> �to tlre penon owed paymienc. Borrowcr sha11 prompily.'fumi�to Lender all noeias.of amounts to b�piid under this pangraph•
<br /> ;":...If Borrowtr m+Jces thae;payments directly.Borrower sh�ll promptly furnish to Le�dsr receipcs evidenciag the p�yments.
<br /> Borrower shall promptly dischuge�ny lien which hu priori[y over tnis Secui�q�Inscrumrnt�unless Borrower: (a)agtees in
<br /> writin�to the p�yment of the obliguion�ecurcd by the lien in�a manner acceptable to Lender; (b)contats in�ood falth tbe�liea
<br /> by, or defends ag�ins� entoicxmenc of the lien in., legal proceedings which ip.the,Lender's opi�ion operpte to praveat the
<br /> wforamrnt of the lien; or.�(c) sccurcs from Ihe hold4r oi the lien�n agrcement safisfutory to Lender subordinuing the lirn to
<br /> � tbu 5xuriry lnstrument. lf Lender determines thit aay put ot the Property is subject to a lien.which may utain priority ove�
<br /> tAis Saurit}•dnstruntent, Lender rr►�y give &rrower�notice ideqtifying the lien. Borrower sh�ll s�tisfy the lirn or take ohc�ar
<br /> rtarc of the�jctions ut fdrth�beve within 10 days of the givinE of nocice. •
<br /> � Fam 3020 9/!0 �
<br /> �-�R(NEI isz�:i.o� rq.t oi s ' w�+w:
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