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<br /> TOC36THEIt WITN ali the improvements now or hereafter crected on the propeny,md tll ascment�,�ppunenuxea.md
<br /> 8atum »ow or hereaAer � part of the pmperty. All repl�cements and additlon� shall also be coverod by this SeGUdty
<br /> Instrument.All of the foregoin�i�rof.irrM to in this Security Instrument+�s the'Prupeny.'
<br /> BORRnWER CAV�NANTS th�t Borrower is l�wfully Ki�od nf the eatste horeby conveyed�nd hus the right to gruu u�d
<br /> convey the Prqxrty and thu thc Pro�xrty is unenzumbered,except for encumbrances of record. 9orrowu warrmts u�d will
<br /> defcnd�erkrally tLe tide to the Propeety agun�t�II cldms utd dem�ndi,subJec�to�ny rncumbru�ces of record.
<br /> THIS SECURI'II'Y 1NSTRUMENT combina uniform coveiunts for nuion�l use u�d non-unifomi covennnts wlth limital
<br /> vu►uions by Judsdktion to consdtute a urtiform security instrurtxnt covaring re�l propetty.
<br /> UNlFORM COVEI+IAIVTS.B�rrower and Lende.r covenant and a�ree as folinws:
<br /> 1� Pf�y�t of Frindpd�und Iata�eet; Prep�yn�ent �ad l.�3e Ciur�a. Borrower sha11 promptly pay when due ►he
<br /> principd of and inurest on the debt evidencod by the Note snd�ny prepryment�nd late chArges due w�der the Note.
<br /> 2. Fluodi for Tua�nd Imunnce. Subject to�pplicabla l�w or to t wdtten wuver by Lender, Barrower sha11 pay to
<br /> [.aider on the day monthly p�ymena ue due under the Note,until the Nota is p�id in full,a sum("Funds')for:(a)yearly tua
<br /> snd asseuments wAich may uta�n priority over this Security lnstrument us�lien on the Property;(b)yeuly leaschold paymrnts
<br /> or�cound renu on the Praperty,if any;(c)yearly hazud or propeny insurance premiums;(d)yeacly Iloc�d insurana pnmiunu,
<br /> if�ny;(e)yeuly mort��e ia�uru�ce pnntiums, if any; and(� �ay sums payable by Borrower to Lender, in axoMa�ce wlth
<br /> ttn provisions of paa�r�ph 8. in lieu of the payment of mortgige iaaurance premiums.These items ue c�lled"Escrow Items."
<br /> Lender rtu�y, x aoy time. collxt and hold P�nda im u� amount not to excad the msucimum amount a lender for a feder�lly
<br /> rclued mort�e lan may require for Borrower's escrow account unde�the fedcral Reat Estue Settlemrnt Procodurea Act of
<br /> 1974 �u aa�eacled from time to time, 12 U.S.�". SecNoa 2601 a stq. ("RFSPA"), unleaa anotber law that appiia to the Funds
<br /> aet� a Icsser �mouot. lf ao, I.ender may, u any time,collect and hold Fuads ia aa amcwnt not to exceed the lesaer amount.
<br /> l,ender m�y atimYe We unount of Hwida due on the bssis of currcnt du�acM reasonable escimues of expenditures of fu�ure
<br /> Etcrow Items or aberwise in sxoNance with applicable law. . �
<br /> 'Thc Funds s6a11 be held in m institution whoae dcposits are insured by a federal ageacy, in�tcurneni�lity, or entiry .
<br /> (includin�[.enda�r,If Laider is such�n inatitutioa)or ia wy Fodenl Home I.oau B�nk.I.ender stWl apply the Funds to pay the
<br /> Facrow itema.l�ender may not charge Hor[ower for holding�uxl applying the Funda,annua;ly u�alyzing the acrow accouat,or ,
<br /> verlfyinQ tLe Escmw Itema,unless Leoder pays Borrowa wterest on the Funda u�d applic�blG(aw permiu I.erder to m�ke sucft
<br /> a char�e. However,L.ead�r may require Bornower to pry a oae-time charge for�n iridependent re�l atue tax nportiag aervice
<br /> wed by l.e:der in connoction with thi: loan, unlas applic�ble law provides wrierwiae. Unleu �n �tameat is tnde or
<br /> appllc.�ble I�w requira iaterat to be peid, I.axier sh�ll nat be roquired to pay Borrower any intereat ar earnln�s on tl�e Fwnd:.
<br /> Horrower m�i l.aader mry agree in writing, however,that interdt shall be paid oa the Fuudi. I,a�der aball give ta Borrower,
<br /> without ch�rge,•an wnwl aocouating of t6e Fw�da. showuig credits md debiu to[he Fuadi and the puipae for�vhicA each
<br /> tieoii ier iue F�wxis wrs mwic.Tnc ruixis a�plai�ai ar�twiiieu+�1 ia:uriij+iiir a1I r�u�s no�:i�lou ug iuii Sci:iiiity i,awwu`cU�:
<br /> lf the Fuuds hetd by Leodcr exooed the�mouna periuitted to be held by applicabk ltw.I.rnder thall�aoount ta Borrowa
<br /> for t6e exoess Funds in�cordm;e wlth the requiroments of�pplicable law. If the aipount of tbe Fwds beld br LeMa at omy
<br /> tim' i�nn�n�ffir;ene r�p,�y►1„R�emw Item�t when due, L.ender mty ao notlYY Hor[oMer in writin�,aad.irt such c�te Bortvwer
<br /> �lull p�y to l,enda the«aaw4c necessary co m�lce up the ckficieacy. Borrower sball m�te up tbe deficiax,y in no moro iww
<br /> twelve montlily prymeats,ac I.ender's wle di�ceelioa. .
<br /> Upon ptyaxnt in full of dl wnu ucured by this Securiry G�stnuneut. L,ender sh�ll promptly nfund to Bor�uMer r►y
<br /> � F�nds held by Lrendex.lf.under pcv�gniph 21,L,ender s6�ll acquin or sell the Property,I.a�der.pcior to tbe scqui�itioa a sde
<br /> of eLe Plnperty. �lull ipply my Fundi hdd by l..eader u the dme of acquisitioa or�le xs a cred'et�ainu the swm recured by
<br /> Wu Security lwtnuneat.
<br /> 3.AppYatia of PMyiaaMe. Un!at�pplic�We law pmvides ahenvise,�11 paymeuu reoeived by l,eader under p�raphs
<br /> 1 r►d 2�uill be appliad: first, w any preaymaat charses due uadcr t6e Note: �ecood.to amoun�u payaWe uoder pia�aRapi 2;
<br /> tWrd.tQ interat due: foucth,to principal due:and lasst,to any lue char�a due under tl�e Note.
<br /> 4.Ciar�es;Lfear. Bomower sh�ll pay all tues�assesn�nenta� chu�a� fines�od im�+ositiow�tuibuuble to the Propaty
<br /> which m�y stt�in priarity ovec Wis S�xurity Instrumwt. u�d le�uehold puymenu or 6round rents, if any. Borrowe.r�hall pry
<br /> thae obligations io the maoner provided in para�r�ph 2,or if not,piid in dut m�naer,Borrowec�h�ll gay the�a on tiaie direotly
<br /> ta th�person owed paymeat.Borrower shall promptly furnish tn I.ender all ratias of amotu��to be p�id uader t6i�p�n�caph.
<br /> If Borrower m�ka tbae�+ayments dirxtly.Borrower�a11 pmmpUy furais6 to Lender roaipus evidencin�tha paymeats.
<br /> Borruwa dull promptly ditcturge wy lieu which hu priority over thii Sacuriry In:trumeat unlas Borrower:(a)a�rea jn
<br /> writiag to the pxymeat of tl�e obligulon secured by the lien in�m�nner acaptabte to IJender:(b)oonusti ia jood faitti t4e lkn
<br /> bY� ar defa�ds a�iaat enforcement of the lia► in. legai proco�dingt which in tl�e I.aKkr's opinion operite [o preveat tbe
<br /> aiforoenxnt of tbe lien;or(c)socuees from the holder of the liea m aaramaat s�tisfactory to L,ender subocdinatinj the liea w
<br /> this Sauriry Inurumeat. If[.en�fer detemiina thu any parc of tht Property is subject ro a lkn which mey attain prioriry ova
<br /> t6ia Security lnttrvmeat, I.ender may give Borrower�notice idrntifying the 1ien. Bomnwer stull a�tiat�the liea a Wce one�or
<br /> more of the actions set forth above within 30 days of the giving of notia.
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