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<br /> TOC3ET�lER WITH vl tbe lmprovements now or hereatter erected on the property, u►d�11 wements,�ppurtaw�ca,and
<br /> txtura now or hereafter • put of the property. Ali rrpl�cementa u�d �ddi�bns sh�ll also be covared by this Secudry
<br /> Irutrument.All of the fore�oin�i�rcferred ro in this Security Instrument as the «Property."
<br /> BORROWER COVENANTS that Borrower Is I�wtully seisal of the esute hereby conv.ryod and hu the right to grant and
<br /> convey the Property and ttut the Property 1�unencumbered, except for encumbnnces of record. Borrower warru►ts and will
<br /> defend generaUy the tiNe to the Propeny ag�lnst�ll slums and demands,subject to�ny encumbru�ces of record.
<br /> THIS SECURITY INSTRUMENT combines uniform covenants for nationiJ use uM non-uniform cc�venants with limited
<br /> variadorus by jurisdiction to constituta�uniform secudty in�trumcnt covering real property.
<br /> UNIFORM COVENANT5.Boxrower rmd Lender covenant and agrcc a�follows: —
<br /> 1, pryment o� p�ipdp�l �nd Intaat; Prcpyment �nd I.ate CFwr�es.Bo�rower shdl promptly pay wben due the
<br /> pdneipel of and intercst on tho debt evldenced by the Nae u�d any prepxymcnt aad 1 ate chuges du�under the Note.
<br /> 2, FS�nde[or Taxa aid lnsu�ace. Subjat to applicablo law or to a wrincn wuver by Lender, Boaower ahall pay to
<br /> Ltmdbr on the day monthly p�yments ue due under tbe Nete,until the Note is paid in tull.a sum("Funds")for:(a).yearly tazes
<br /> and.aiussments which uuy utain prioriry over this Securiiy lnstrument u a lien oa the Property; (b)Ye�r1Y 1ca�chnJd•paytnet►ts
<br /> ar ground renta on the Pmperty.if my;(c)yearly hward or property insuru�ce�mriiums;(d)yearly tlood insurance premium�,
<br /> If any;(e)Y�Y ��S�Be insunnve premfums,if�ay: u�d(� �nY :utru Payable by Borrower ta l.ender. in accordance with
<br /> the proviaiopa of ptragr�ph 8, in lieu ot[he payment of mo�tgage iaauru�ce premiums.T'hae items ue called"Facmw Itein:•"
<br /> Lender m�y. �t any time, oollect u�d hold Fundt ia an u»ount not to exceed ihe muimum unount� leudar for a foder�lly
<br /> nlued awrt��e lan m�y requin for Borrower's acmw account under the fed�rsl Real Eswe Settlement Procodura Act of
<br /> 1974�amended from time w time, 11 U.S,C.Sectbn 2601 et aeq. ('ItESPA'),unlas awther I�w th�t�pplia to tde Fuada
<br /> �et� a laur �niount, if w. La�der m�y. a u�y tlme, collecs and hold Punds m aa mwuat not to exoeed the leue�amcwnt.
<br /> I,ender�ruy ruiinMe the amount ot Fundi due on tbe bai�of curnnt data�nd reaaon�ble eatim�tet of eapaiditurw of futun
<br /> B�crow lteau oc othecwbe in�000rdana wfU�applic�ble I�w.
<br /> Tbe PwWs �Il 6e beld in an Inatirotioo who�e depwiu ue ia,►ured by a fadenl a�ency, laatrurneAaHty. or entiry
<br /> (iacludinj I.aider,i[l.rnder b wcb�a Inatltutiao)or in my Federu Homa[.oaaBonk,I..a�de��hall�pply the Funds w p�y tbe
<br /> &crow Item�.t.ender ra�y not ch�rse Borrower for ial�lla��ad�pplyias the F1rds.�anudly�aalyzin�tbe acrorv�000unt.or
<br /> vpityioj the B�crow ltaror�unlat I.eadecp�ys Borrower interat on the Fuads rd applicabk I�rv permlts La�der w malce such
<br /> a chane. However,I.eadar mry requlro Horrowa to pay a oae-time cluirre for n�ndependeut eal aN�te wc reNortins�ervla
<br /> wed by Lender in ooncectioa with thia lan� unlas �pplic�ble lriv provida otherwiie. Unleu af a�ro�e� u m�de or
<br /> �pplic�ble law requlra intere�t w be p�id,Lesder slWl aa be required to pq Bamower�ny Wterat or earninp on tbe Funds.
<br /> BortoNer md L,a�der mty uree ia wtitinj�howeva� t6u interat�11 Ue pud on t6e Fund�. L,ender�IWI jive w Bo�mwer.
<br /> without c�e, an�onwl �xouatitt�of tbe Fimds,�hoaina c�+ediu and debiti b tbe Punds md tbe putpae for�v6kh acb
<br /> 8ebit to tbe Fuod�was made.'[ue Fund�ue pied�ed�s addicional�ecuriry ior ali wm��ei:uiou`vy'���.�:�+'��t.
<br /> If We Fwida beld by L,ender exceed tbe anauna permiaed to be beld by applfcaMe ltw.I�eader�l!aooatnt to Barower
<br /> for t6e exod�Funde in acoo�daooe with the ro9nlrementn of q►plicable law.If the amount of tbe Pttad�hdd by Leader�t a�
<br /> time i�not sufliekAt to pay tbe Fscrow Item�wbae due.i.ender rooy so notify �amowa in writin��and�ln wch ca�e Hocrower
<br /> s1Wl pty W L�eader tbe�aio�uit neoeswy a m�te up the deficieacy. Borrorver ihall malce up the detkieay in no more th�n
<br /> twoive monchly payme��s..a�I.ader's ale di:craioa.
<br /> � UP� P+Ymmt in full of�ll :unu saursd by thia 5ecurity Inucumeat� l.eoder�11 pconoptly refuud.to$ortuwet �nY
<br /> . Fund�hdd by L.ayder. If,under para�c�ph 21, l.aider sh�ll�cquire or sell the Propeiry, Lar1a.Prlor to tbe�oguisition a�+le
<br /> .. af the Propecty. rlull �pply�ny Fuadi beld by Lauder at the time of�cquisition or s�le a�a credit��inst tbe#���bY
<br /> thfa 5ecutiry lnum�t.
<br /> '. ' 3.Appliatlo�of Payaeah.Unlas�pplic�ble law prorida othecwtse�all prytneuci reoeived by Leadec unda p�ra�rap�hs
<br /> 1 and 2 :hall be�p1ieE: flrst, ta my prep�yuxac chugea due�nder t6e Note: xooM,to unouau payabk under p�rynp�h 2:
<br /> 't6ird�w ioterat due: fouith.W princip�l due; aud l�t. to aay late cliar�a due uoder t6e Note. � � ,
<br /> 4. CMr�;Lkr. Bormwar�tull p�y all taaa. uuumeau. chu�a� fim am impositidos uaibutabk to.the Property
<br /> wbith mry atuW priority over this Sauriry Iiwruma�t, end 1ea�ebold paymonu or�rouod reacs� if my. Bormwcr�tWl W►Y
<br /> thCSe obliptioas in tLe mtnner providod ia paruraph 2,or if not paid ia thu mrr►er,Horrower a�ll pty tbean on tlaie direcdy
<br /> tp'tLe pereon owed payment.Horrower ihall Pranplly furnish to Leuder a11 notka of unounu to be p�id under jhis p�raph.
<br /> 1f Bormwa m�k,ea these paymenw directl�r,Bc�rrowcr sh�ll promptly furoish to Lmder roceipta evidencin�the prymeats.
<br /> Borrovva sh�ll prompdY diuhuae arry lita wbich h�s priority ovet thii Searity Itu�ttvmeat unleu BorroMer:(a)apea in
<br /> writ�to t6e paymenc of the obli6acion searod by�4e lien in a m�aner x�tabk to Lender;(b)conteats in Raod faith the lim
<br /> by, or defeuds agunst enforcement of the liea in,tegd prooeedings which ia the Lender's opinion opera4 Ro prtvent tAe
<br /> • tnfo�t of tbe lien;or(c)�ecuca from the 6oldcr of the lia�u►�grament utisf�ctory to Leader wbordinatln=the lien to
<br /> this 5ecuriry�nsuumeat. If i.ender dae►7mines that+ny put of t6e Property is abjea to�lien which may utain prioriry over
<br /> t6is Socuriry lnstrument,I.ender rruy give Barrower a notice ideatifyina thc liec,Borrower sh�ll �tis(y tbe lien or t�ke one or
<br /> 'mon of the�ctions set foN►�bove within 10 day�of the giving of notia.
<br /> ��f11NE)�ex���.o� r.p,x a�
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