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<br /> 98� i104'7�.
<br /> TOf36THER WI7'H a11 the lmprovements now or hereiher enctal on the propeny, u�d all easements,appurterunces, �nd
<br /> tixtura now or hrrcaher � part of tht property. All repiscements and �dditlon� shall also be covered by thie Security
<br /> Inatrument,All of the forcgolag i�rofemed to in thl�Secuciiy Initrumcnt as�he"Propeny."
<br /> BORROWER COVENANTS tlut Borrower i�lawfully�ei:ed of the at�ie hercby conveyed and h�s the right to grant tnd
<br /> convey the Propeny and that tht Praperty ia unencumbered, eaoept for encumbr�nces of record, Borrower warran�s �nd will
<br /> defend�enerally ttie�itle ta i6e Propeny a��in�t dl cl�ims md�lerr�ands,�ubject to any encumbrinces of rec�rd.
<br /> THIS SECURITY INSTRUMENT combinea uniforrn covenanta for nAtion�l use and nan•uniform covenants with Umital
<br /> vuiations by jurisdktion to oonstitute�unitorm uxurity inurument covering rcai propeny.
<br />, UNIFORM COVENANTS.Borrower and I.ender covrnant and agne as follows;
<br /> 1. Payment of lhlaclp�i �ad I�terat; Prep��nent and I.�te Char�w. Borrower shtll promptly pay when duc the
<br /> princip�i of and intercst on the debt evidencod by the Note md any prop�yment and l�te charges due under the Note,
<br /> 2. F�nde far T�uca aad Irourapce. Subject to �pplic�ble law or to a written waiver by Lender, Borrower shall pay to
<br /> Lender on the day monthly p�ymenta are due under the Note,until the Note is paid in ful1,a sum("Funds")for: (�)y�early taxp
<br /> and asseasments which m�y attain priority over thia Security Instmment u a Ilen on the Propecty; (b)yeuly leasotalc�payments
<br /> or pround rcnt�on the Pro�adq. If any;(c)yearly hazo,rd or property in�urance prcmi�ma; (d)yearly flood insurtunce prem(u►ns,
<br /> if�ny; (e)yearly mortg�ge inaurance premlums, if any; and(�u�y sums pay�ble by Borrower to l.ender. in accordance with
<br /> tbe pmvisiona of panqr�ph 8,in lleu of the paymrnt of monga�e insur�nce premiums.These items are called "Escrow Items.'
<br /> I,ender may, �t any time, collxt u�d hold Funds in an wraunt not to exceed the mauimum unount a lender for a federally
<br /> nl�ted mortgage loun rruy nquin for Borrowcr'�escrow xcount under the foderal Real Estato Scttlement Proceduros Act of
<br /> 1974 as ama�dM fmm tirtx to time, 12 U.S.C.Section 2601 e�seq. ("RESPA'),unless another law thu appliea to the Fund�
<br /> uts a leuer amount.If a, Lender may, at any time. collxt and hold Fw�di in an unount aot ta excad Ihe leuer anwunt.
<br /> Leader mny esdntat�the uswunt of Funds due on the bASie of cur*rnt data�nd reuon�ble esttmata of expenditurea of Poture
<br /> Escrow Itrnu or attkrwix in�ccordance with applic�ble lAw.
<br /> • The Funds "sh�ll be held in an Institwion whose deposit� are inaured by a federal agency, instrumrntafity, or entity
<br /> (including LendoX.�if Lendex Is such an insdtution)or in�ny Fede►�I Home Loan Bank.L.ender shall�pply the Funds to pdy the
<br /> Escrow Itea�.'l.etider miy.i�oc chuge Borrower for holding u�d�pplying the Funds,mnutlly analyzing the perow account,or
<br /> verlfying thC�mw Items, unlass Lender p�ys Bonower inurest on the Funds and applicab�e liw permics Lender�o mike such
<br /> a chuge. Howev�r,Lender nuy roquire Borrower to p�y a ane-time chuge for an independent real estue tax reporting�ervict
<br /> wed by La�dcT�in connection with this lwn, unlesa applicable law providas otherwiae. Unlesa�n �areement ia msde or
<br /> applicable l�w requires iatemt to be p�id, l,ender ahall not be requind to pay Borrower�ny interest or earnings.Qn tlx�nds.
<br /> Borrower�od Lenda m�y a{ree in wridng,however, that.'interat sh�ll bo p�id on the Funds. I.ender ahall g1y�:to Borrqwer,
<br /> wldiout chuge,�m m�u�l accaunting ot the Funds, shdw�ny credita and debita to the Funds and the purposc for whlch each
<br /> Aef►lt tn fhe F��pcix �A�,m�i�.P±e F.�*x�..s arr'p2t�gtd:-.:.�dis;ar.y�:,�i9r�.`3.wj nu;u�sa:u,ed by chi��ecuriry instnunent. '
<br /> If the Fund� held by Lreader eaceed the amounta permitted to be held by�licabk ltw, L,ender sh�ll account to Borrower
<br />_ for the exoas Puadi in rzarMnoe with the requircmrnta o(�plic�ble l�r�v. If the amcwnt of tbe Fwds held by�1Lender et any
<br /> �tline is not wfCkieat to py thc Eacrow Items when due,►,ender may w noti{y gorrower in writiag.md,in such cax Borrower
<br /> `�hall pay to I.eoder tLe �maunt txxst�ry to make up thc.deficieacw. Borrnwer:hall make uo the dc£cienev ifi nm m�rr.rh■„
<br /> �n�a�e��wy�y���,at Lender's�ole discretioa. - - -
<br /> Upon payment in tull of all�ucro secured by this Savr�ty Inatrumrnt, I.eader tdall prompdy nfur�d to Borrower wy '
<br /> Puodt beld by I.ender. It,under p�n,gr�ph 21, I.ender sh�ll�cquire or aell the Roperty, I.ender,prior to the�cquisition or sale
<br /> of the Pmperty,ihall�pply �ny Funds held by Lendar at the tlme of uqui�ition or s�le�s a credic �aiiut the sumi aacured by
<br /> thls Securiry Inuiumeat. '
<br /> 3.Appifcatloa d Aye�ents.Unlas applicable law providea otherwiu,AI payments reaived by�l,ender under Paragraph�
<br /> 1 md 2�h�ll bo qrplied:flrst�to�nY P�WYu�t cbuga da wder tbe Note�seoond�to amounta PtYable under ptnitnph 2;.
<br /> third,to lata�at due;tounh, tn princip�l due;and l�st, to any late chuaa due under the Note.
<br /> �. ���trower�h�ll ppy all tua, asx�sunenu. charges, fines and impueitions utributable ta,the Pi+aperty .
<br /> M6icli mayC�pridEl�'o�+er thi�Savrity Instrum�nt. a�td IeAeehold p�yments or ground raw. i(any. Borrower shall pay
<br /> t6ae obliptiom in the mmner providod in PanBry�h 2,ot tt not paid in that m�uu�er,eor�ow�r�„ui pay rbem��ati�i�airecdY. .
<br /> to the penon owed p�ymrat. Borrower ehalf promptly t1�rni�h ta Le�dcr��ll noticea of ur�ounts to be paid under thl�pua�c�ph,:�,
<br /> If Borroaer makes thae ptymrnta diroaly. Borrawer sh�ll P�P�Y fiunlsh to La�der naipti evideocinE the�aYl�ar�afa. ':', '
<br /> Borrorver shall promptly diachu�e�ny lien tvhich h�p �rlodty ov�r thla 5ecurity Imtniment unlat Borro�ver':":(da atroe+M,
<br /> writinj to the p�ymem of t6e oblig�tion socured 6y the liert in t m�nner�oCeptable to t,aider:(b)cantests in�otld.tiith the lim.
<br /> by. or defads�gaiau eafomment of the Iien in, leg�l proceeding� which in the L.ender's opinion operue to pnwwt tqe
<br /> enforoemea[of the lieo; or(c)aecurcs trom the holder of the lien�n.iigr�einent satiafactory to Lp�da subordinatin�the�ieq to
<br /> thi�Sa:udry Inanima►t.If L.ender dete�mim�tlnt uiy p�rt of the pragerty ia subject to a 11en which rtuy atain priority over'
<br /> tbis.Secuniry Iratntmeat,l.eadcr may give BorroMer a noticx Wendfying the lien. Bonower ihall saticfy the lien or ake one or
<br /> ,hlorr.oi the�ctions set fath:slbove within 10 days of the glvin�of notice.. , .
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