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<br /> TUCi�7'N�R WI'fH �II tF►e Impmvemcn�e naw or hereaQer erected on thG pmF+erty,urxl ell easement�,appuneruincee. �nd
<br /> tlxturen nc►w or het+eAfler � p�rt of the pmperty, All rcpl�cementw ancf aciditions shall elso t�r roveral by thi:s Security
<br /> Inatnrment, All ot the fnre�oin�I� roferned to In this Secu�ily In:�rument Ax tha"Propeny,"
<br /> 80RROWER COVENAN'I'5 tlut Bnrrower is lawfully xisaf of the estate hcccby conveyeci�uid has tl�e right ta grant end
<br /> rnnvey the E'roperty �nJ tlut the Froperty is unencumbered, except far encumbr�nces of recorxi. Borrower warrants wid will
<br /> defend Qener�lly the tiQe ta the Pmperty u�ainst t�ll claime and demrnds,subject to any encumbrances of rocord.
<br /> 7'HIS SECURITY INSTRUMENT mmbines uniform covenants for nstianal use and non-uniform covenants with lirrtited
<br /> vnrintions hy jurisdiction to constitute a uniform security instruincnt coverin;rea!property.
<br /> UNIFORM COVBNANTS,Borrower and Lender coverunt�nd agrx os follows:
<br /> 1. Ptynknt o[ Prindpwl�nd Intereat; PreMyment �nd I.�te Cluirgea. Borrowcr shall promptiy pay wtxn due the
<br /> principal of and interat on the debt evidenced by the Note t�nd Any preps►yment and late charges due under the Note.
<br /> 2, �nda for Tiucea and Insurrnce, Subjcct to applir.able law or to a written waiver by L,ender, Borrower shall p�y to
<br /> l.ender an the day monthly pt�ymtnts are due undcr the Notc,until the Note is paid in full,a sum("Funds")for:(a)yearly taxes
<br /> aiod acsessments which may attain priority over this Security Insttument as a lien on the Property; (b)yearly leasehold payments
<br /> wc ground rents on the Property,if any; (c)yearly hazaM or property incurance prcmiums; (d)yexrly flood insurance premiums,
<br /> . , .'��i�#'any; (e)yeuly mortgage insunnce pr�miums, if any; and(� any sums payable by Aormwer to Lender, in accordarxe with
<br /> .. ,. ', the provisions of paragraph 8. in lieu of thr, payment of mortgege insurana pnmiums.The.se items arc callod "Escrow Items."
<br /> ' � '��..ender may, at any time, collect and hold Funds in an amount nat to excad thc maximum a�nount a Iender for a faferally
<br /> 'iel�tod mortg�ge loan rrwy require for Borrower's escrow accaunt under the federal Rcal Estate Settlement Proadures AcK of
<br /> 1974 as antended from time to time. 12 U.S.C. Satian 2601 tt stq..("RESPA"),unlese annther law that appliea to the Funds ,
<br /> sets a lesssf:r arrw�mt. If so, i.ender may,at eny time, collett anci 1�old Fwda in tu� anwunt iN�t tu Cxceaf ihc leayer amoimt.
<br /> Lender may estimate the amount of Funds due on the basis of current dxta a�d rcason�ble estimata of expenditures of future
<br /> ' :��Escmw Items dr otherwise in accordancc with applicuhle law. �
<br /> ' The Funds sha11 be held in an institution whose deposits an insurod by a federal agency, instrumentality, or cnNry
<br /> ` �(fncluding Lender,if Lentiei is such�n institution)or.i�any Fedtral Home Lo�ut�i:ink.Lerxier shall apply tlie Funds to poy the
<br /> � � Escrow Items.I.er�der rtu►y not chargc Botcower for holding and epplying the Funds.;annually ana�yzing the escrow aocwnt,or
<br /> • ,'. vetifying the F.ece+ow Itema,unlesa I.aider pays Boriower intereat on the Funds and applicable law permits Lender to nwke such
<br /> .,-.�� •;, a chuge. Howtver, Luider may roquire�&►trower to pay a one-time chuge for m independen!real eatate tax reporting�ervioe �
<br /> ',':,;��''':usod by Lender in oomection with this loan, unless applicable law provides otherwise. Unfess an ag�tememt is rnde oR
<br /> ;;.��:';,''�:` .:applicablc'�w requi�es intti�e'st to be paid,I.ender shaii nw be required to p�y Bonuwer�ny iMerest or eunings an the Pqnda, �
<br /> •. ';,:,� :�.�1lorrower s�M Leoder mwy agroe in wti#ing..howcver, that imere�t 9h�11 be pd�id on thc Funds. Lender shalt give to Boiro►,v,or,' .
<br /> . =1•�sksus s�r e �s:.ssm:a!�znt'sr. ts.':'se°s.^.d• �l: ' ^, ! � • •'::,FL:�:.nd,tl�— ' �_ .�.:_w��
<br /> �,i, •• a b . +� ii:::Ty-.."'..L�.3°,.�'.fi��' Sto�3 w ti '�S'�syvo� �w wwwa =--
<br /> •.�: �:;.'� debit W the Funds was m�de.The Funds are piedged.�.v.addidonal aecurity for�II sums�eaured by thit Savrity.I�utiurncnt.
<br /> � ;";: if the Funds held by L,ender exaal the a�rwunts permtued w be held by applic+ible law.LaKla shall ac�uut w 8or�wa
<br /> for the exoae,�und�io�cardance with the requiranenu of�pplic�ble law. If the amou�of the Fw�d�t hdd by Lader at aay
<br /> time is not�utHcient to pay Uie F.�crow Itaris whea due.I.rnder mry�o notify Borrower in writins,md.in such c�ue Borrower
<br /> �tWl py to l,er�der the u�au�t neoea�ary to mJce up the deficiency. Borrnwer ihall m�ke up the deficie�ry in ao more tWn
<br /> t�velve montldy prymente,x[.�aider'�wle di�cn;tion. ,
<br /> Upon ptynxnt in Mli ot dl sums �ecured by th1� Scxurity I�utn►ma�t. Laider�hall promptly nefuad to Borrower any ,
<br /> Funds held by I�rnder.If, under p�ra�nph 21.I.eeder dull�oqvir�or teJ1 tho PropeRy,I�ca�da. prior to the�oqui�iilon or�la
<br /> o[d�e Prope�tr,s1�U applY+�ryr Pund�hdd by Laider at the Wne of acquisition or�ale�a aedit qainRt the wnu Mc�u�ed br
<br /> fhL Secvriry IrotruniaK.
<br /> '.A�Ydio�d hy�e�b. Uolaa�pplicabk law provida atl�awLe,�11 p�ymerMs reaived by L,aider under p�ra�h
<br /> 1 amd 2�hMl be applied: Ant. to a�'P�'�P'�Y��8�+due urder the Note; second,to amoums pay�bk unckr p�r�niph 2;
<br /> thi�d.w iote�est due;towth�to prin��ipd due:+uM I�st,co,�y ua��a����rroc�.
<br /> 4.CWpr, IJar.Bort+ower ahll p�y all wces. asnessmarta. chtr=a� fines and itty�o�kkma Muibnt�Me to tbe Pmpetty
<br /> w�hich mry aaain priority over this Security Irrfrotnmt, atd laiehold p�yments or groutd tnnts. if any. �onower al�Il pry
<br /> thae obli�lOQi IA tbC IdffY1Q pl'OV�{IOd Ip�T�lM Z,or if not paid in tlu�t rtwmer. Bort+ower ef WI pay d�m on dme direWy
<br /> t0 fI1E pEfrOf{OWOd Q�/II1EIIt�BOfl�OWt[SIWI pl+OftliNly fU['lllf�l(0 I.Ef1�G[AII JIOIlCGS Of MIqUIND��!�qM0[f��.
<br /> If Bonvw�a mket tLe�e prymerra directly�Horrower dull proieptly furtilsh t�I.ender reeapn evidencit�the p�ts.
<br /> Borrower�hsll promptly dikhar�e any lien which hn priority over this Security IrowmeM unkas Bonuwer. (�)a�roes in
<br /> w�ltin�ro the p�yma�t ot thc obligstion aavred by the lien in n menner scxeptable to I.endar:(b)o�te�t�in�ood lidth t6e liea
<br /> by, or defenda apin� enfa+ceQnnt of the lien in, legxl proceedings which in the �.a�der's opinion opetate to provdit tfie
<br /> enforoana�t of the lien;or(c) ea:una fran the holder of the lia�an�greexnent s�tisfictory to Lenkr wbord�n�tin�the lien w
<br /> thf�Security lrauwaent. If[.ender dderntinea duit at�y put of the Property is aubject w a lim whkh may�tuin prloriry over
<br /> thf�SecuritY InsWma�t. Lrnder mry give Borrower a notice identifying�he lien.florrovrer sh�ll s�tiafy the licn or take ooe ar
<br /> more of t6e actions xt forth tbove within 10 cLys of the giving of rwtia.
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