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• •"tH� N041�'!1�� . ,
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<br /> TOtiBTNER WITH�II the improvements raw or herafter erected on tha property,und all easements,pppurterumc�,and
<br /> fixtura now or hercaRer � part of tha property. All replaamenta uid uclditiona shxll alw be coverod by this Security
<br /> Instrument,Ali of the foreQoing ix referred to in this Security Instrument as the"Propeny."
<br /> BORROWER CQYENANTS that Borro�ver is lawfully seised of tlie euate hercby rnnveyod nnd has the right to grant and
<br /> convey the Property uid that the Property is unencumt►erod, ezcept for eixumbrences oF record. Bo�rower wa;rants and will
<br /> dePaid genen�lly the tide to the Property ag�inst ell clums u�d dernand�,subject to�ny encumbrances of recnrd.
<br /> THIS SECURITY INSTRUMBNT corobines unifarm covenants for national use and r�on•unifnrm covenants wiih limited
<br /> v�riations by juri�diction to oonstitute�uniform eocuriry inatrument covering rr.at property.
<br /> UNIFORM COVEIVANTS.Borrower wnd Lender covenant and agree u foUows:
<br /> 1. Payment o[ LMpdptl aed tntereet; Ih+epaymaat wad I.�te Chwr�a. Borrower shall promptly pay when due the
<br /> principal of and interc,st on the debt evidenced byth�e NMe and any pe+epayment end late charges due un�ler the Note. �
<br /> " ' 2. Ftinds for T�xes and Ir�nnce. Subject {o npplicable Iaw or to a written waiver by L,erxior, Hbrr�wer shall pay to
<br /> - '� � Lender on the de monthl
<br /> y y payments are dua under the Notc,until t}►e Note is peid in full,a sum("Funds"j for: (e)yearly taxes
<br /> and asscsammts which may attain priority over this Saurity Instrument as a lien on the Property; (b)yearly leasdald payments
<br /> � or gro�nd rents on the Propeny.if any;(c)yu�rly hazud or property insurance premiums;(d)yearly flood insuranca premiurru,
<br /> if any; (e)yearly mortgaqe inaurArxe prcmiums,if any: and (�any surr�pYyable by Borrower to Lender,in aaordmc�e with
<br /> the provisiona of para�n�ph 8, in lieu of the payment of mortg�ge insurance promiurtu. Theae items ue cellal "Pacn�w Items."
<br /> l,ender mwy, u my time, rnllect and hold Fund� in+in amount not to exseed the rtu�ximum uncwnt � lender for a fedenlly
<br /> rel�ued mort�e I�n may roquirc far Bormwer'� e�crow ucount under the fadenl Real Eatne SGtdement Provodura Act ot
<br /> 1974�s amerrkd from time to ticne, t2 U.S.C. Section 2b01 et s�q, ("RBSPA'), unle++�s bnother!ew Ihnt epplie�to the Punds
<br /> �ets �leaer�rtiount. If w. l,e�der m�y, �t�ny time,ooll4ct�nd Iwld Punda In �n�ntouM ral to exceod�hC leu�er�urwt�nt.
<br /> La�der nu�aetim�te the�mount ot Fund�duc on t!k b�ul�of curt�ent d�w ud re�arombb euirtwei of expa�diara of f�turc
<br /> P.K,�row it�at atherwire in�atixd�na with�pplicable law.
<br /> Ths Fund� �IMII be heW in a� in�tlwtion whae depo�lu aro Itaund by a lede�l �ency. Irutrume�Wfty. or enti�y
<br /> (includfn�l.endor, if l.ender i�wch m frutitution)�nr In any Fedenl Hwne I.,oNn B�nk. L.e�ier sh�ll�pply �he Punds w p�y the
<br /> B�croM Itanr. [.e�xfer rtay not char�e Horrower for holdina�nd�pplyin� the Pund�.�nnwlly enalyzin�tl�e acrow Aocc�unt, or
<br /> veri(yins the E�crow lterru,unlas[,ender p�ys Bonawer intereet on the Fwid��nd applfcable I�w permits l.ender to m�ke wch
<br /> �du�r�e. However, l,encler m�y roquire Horrawa to p�y �one-time clur�e f�r�n I�rrdent rcal eWte tu repoRinj�errice
<br /> wed by l.erider in oonnection with this lan. unle� �pplicable Irw providea othetwix. Unleae an �gree�nent i� m�de ar
<br /> �pplkaMe yw roquira intereat to be paid,[.e:der�ull na be roquirod w py Borrowu any interat or earnin�s on the pund�.
<br /> Borrorver ud Isnder m�y agree in wriNna;however,that iote�est�hall be ptid on the Fwtda. Lender ehall give tc� Bormwu;
<br /> Mithout ch�r�e,ui wmd aocounting of tbe Punds, showing crodita ud debia to the Funds�nd dte parpoeC tor whide ad�
<br /> debit w tho Pw��vu m�de.The Funds aie plodgod�t adciitiaul sewrity for d!suun�ewred by tttis Secudty Lrmoment.
<br /> if the Puudt hidd by La�der exaed the�mo�ntr permitted to be held by applicabk law, Lenda eh�ll �eoount to Borrove�
<br /> ta tAe b�oas Fwds in a000�danoe with the requiremaits of�pplicabk law.If the�unount of the Funds hcld by Leoder�t ury.
<br /> time i�not wfticient tc�pay she F�crow Iterm whon due, L.a�der may so noti(y Borrower in writing.and,ip ach c�sa Borrowror
<br /> d�ll p�y �o I.ader the amount noaaeary to truke up the deticiaxy. Borrowa�IWI mrke up the ddc�ency in no more tlyn
<br /> twelve m�onthly pryments,at L�der's wle discrction. �
<br /> Upon payment in foll of all auma seared by thl� Security imt�ument, [.ender shall prat�pdy refwd to so�m�rer aoy
<br /> , Pund�hedd by I.aader.It,under para�raph 21. Lader thall scqutro or eell the Property,I.ender.prior tb the��oqu4idoa or tale
<br /> . ot tbe Proporty.drdl iippl,y ufy Fw►it held by:La�da�t the time af acqui�ition ot We aa s credit�gAinst the suo� recnred by
<br /> .. .. tbis 9ecsrity IwWment. �; �.. :
<br /> . 3.ApMtlafM�d lq�e�ts.Unkes tpp�lc�bfe I�w provides othecwire,dl p�ymam roaived by Lot►da under prqr�pin
<br /> 1 tnd.2 �hdl be�pp8od: flrtt, to anY P�Y�!t;c}lu�es due under the Note;ee�cond,to nnwnta pay�btc anderpeir�anph 2;
<br /> d�d::ta•;in�erat due:iburth.to principd due:atd last,to iuty lrte char�es due under the Note. � , '
<br /> , . �:(.lw�;I.Mr.Bo�ower sh�lt p�y�dl twxa,a�roeau,c1�a, finea and iaipositi�u�ttrlbu"tlible to the�rope�ty
<br /> � . �vdich mry attdn pr�ority over d�Security irobumad. and leasehold paXmerKs or�eound taw, if�y. Borrower d�ll p�y
<br /> ' � t6e.�e obliptiora ia tbe miu�oer p�m�idod in p�ra�nph 2,or if not p�id in.th�t Y�wmer.Horrowar a1W1�peyy t6an oa time direcdy
<br /> to tbe parwn owed p�yment.Bo�xo"tver ah�ll prornptly turnich w l.ender all naioes of amoiintc w be paid umer thls �ua�r�ph.
<br /> It Honower mrbe�tlKSe p�ymorrts dira;tly,Borrorver duill promptly fumiah to Lender rocapq evidaicln�the payme�Mi.
<br /> • Horrower rhdl promptfy diechrrge any licn whidi hae priority over thii Sewrity Inarummt ualeig Honowu:(a)�roe�in
<br /> writin�M the p�ymait of the obtiQatian aecured by the lien in a manner aaxptable to L.ender: (b)oontests in�ood fwit6 the lien
<br /> ' by,.or dsfads �inu a�foroernent of the lien in, lesal procaedings which in the I.endc'a opinioit operue to prcrent the
<br /> aafohcemeat of the lien; or(c)aocurcs fmm the holder of the liert an a�raement eatisf�ctury to I.euder aubotdin�ting the liea to
<br /> ttis Security I�trumem. if L.ader determitKS th�t any p�rt of the Property is wbject to a lien which muy�tsia priarity over
<br /> tltis Security Irntnrment, L.ender cr�y give Borrower�ratioe identitying the lien. Borrower stWl �tiafy•the Ikn or take one a
<br /> moe+e of the actions ut forth above within 10 days of the giving of notia. :
<br /> Fain � �NO
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