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<br /> �8� 110'722
<br /> TCK3E'fH�R WITH All the im�ruvenknts now or hereafier ereclal on thc propeny,uixt uli ca�enxnts,uppuncnanceti,wnd
<br /> fixwreK now an c�rcufter a pwrt oE ihe propeny. All r�placcmcnls and ucfdiUous shull uluti Ix ci�vcr��u hy Ihix Sc�:uriry
<br /> �t1YlNTY1C0I.All uf tix forc�oin�is refcrrai to in this Sa:urity lnsuunxnt us thc"Propetty."
<br /> BURROWBR COVENANT5 th�t Borrower is lawfully ecisaf of tho ostalc hertby amvcyal uix!l�ux tho right tu grant�nd
<br /> rnnvey the Proptrty wnd►luit tF►e Propeny iti unencumbered, rzcept for erxut!�hr�ncex of record. Eiorrc�wtr warrantx Ynd will
<br /> d�fenci gtrxrally the title io thc PropcAy ag�inat all claima and demandc,subJect tii uny eixumhru�xcx of rccorct.
<br /> THIS SECURffY INSTRUMENT combinea uniform covenrnt�for rudiona! use wnci rx�n-uniform covenams with limltal
<br /> vqriuions by jurisdiction to constitute a unifnrm security instrument c�uvering rcal property.
<br /> UNIFORM COVENAN'P5.tiorrower ud l.endtr coverunt ond��ra r.4 f�allows:
<br /> L. Payment of Princip�l �nd lntered; Prep�yment �nd �.�te Clue=a. Bortnwer shall promptly pay when due the
<br /> p�incipal af uxi interest on ttK debt evidencal by the Note arxl a�ty prepayment�ncl late charges due urxler the Nole.
<br /> 2. F'undr for Tsxa aad In�unnce. Subject to applicable law or to p written waiver by Ixncier, Bom�wer sh�ll pey to
<br /> Lerder on the d�y monthly p�ymenta ue due under the Note,until the Note is puid in full,a sum("runds")for:p)ye�rly taxes
<br /> �nd assessmrnte which m�y anain priority over this Socur�ty Instrument ax a lien an the Propcny;(b)yexrly Icaset�ld payments
<br /> or ground rencs on the Property.if any;(c)yarly fuwrd or property insunnce prcmiums;(d)yeurly flual Ii�uKV►ce premiums,
<br /> if�ny; (e)yearly mortg�ge insutance premiums, if�ny; and (n any sumy payable by Borrower to l.ender,in �rd�nce with
<br /> the provisions of puagr�ph 8, in lieu of the payment of mortgage insurance premiums.These it�ms arc called "Escrow Items."
<br /> l.ender may, s�t�ny time, rnllect and hold Functs in an amount not to exceed thc maximum anxwnt a londer for a faderally
<br /> relued morttage lan my rcquire for Borrower's escrow account �mder the federal Real Hstato Setdement F'rocodura Act of
<br /> 1974 as amended from time to time, 12 U.S.C. SaKion 2601 ct seq. ("RESPA'), unfess arather law thAt�pplia to the Fundt
<br /> aCa a laaer an�ot�nt, If ro. lr.nder euy, u any time, oollect and hold Funds io an�rnount not ta exoeed the ka�er�mount.
<br /> Lender may estinute the amount of Funds due on tbe b�sis of current dAta ard n,�asonable estimues of expenditur�a of future
<br /> F.urow Items or otkrwix in�crnrdance with applicable I�w.
<br /> The Funds stull be held in an instisution whose deposits are insurtd by a federal agency, in.Strumenuliry, or entity
<br /> (includin�Lender.if I.ender ia such an inatitution)or in my Federal Home I.o�n Hank. Lender sh�ll apply the Fw�ds to p�y the
<br /> Eacrow Itema. Lende�my not charge Bonowar for holding and applying the Funds, annually aru+lyzing the escrow accouM, or
<br /> vaifying the Eacrow[tans,unlesa Lrnder pays Borrower intercst on tho Funds u�d rppliable law pertnits Lencier to m�lce euch
<br /> a durge. However,L.e�der may roquire Borrower to pay a onz-time chuge for an independent rcal utate tu nportiog scrvice
<br /> used by Lender in oormection with this loan, unless applicatble law provides otherwise. Unless �n agreemmt is made or
<br /> applicable law requirts fnterat w be pRid,L.ender slull rat be require�to pay Bormwer u►y interest or eaminga on the Fund�.
<br /> Horrt►wer and I,ender my qroe in writing, however, th�t interest shall be paid on the Funds. Lender shall give to Borrowec,
<br /> wid�out chuge,an ut�ul �ocouMing of�he Funds, showing crodits and debits to the Funds and the purpoae for which each
<br /> debit to the Funds was m�de.'I'F�e Funds are pledgad as additiotul sexuriry for all aums s�cutod by this Secutity Inuruman.
<br /> If the Punds kid by i.ender excxed the amounts pemuttod to be held by applicable law,Lender shall�000unt to Borrower
<br /> foc the exaas Fund� in�ocadance with the requircments of applicabl�law. If the amounc of the Funds held by L,ender �t rny
<br /> time is rot t�fficieat to pay thc Eecrow Items whGn due,Lender may so notify Borrower in arciting, and, in wch ca�e Borrorver
<br /> �full puy to I.ender the�rnount neoee�ary to make up thc def�ciency. Borrower shall m�k�up �he deficiency in no�i+e ttun
<br /> tarolve mon�hlY p�ymtnu. �t L.endcr'a sole diacretiun. � ;�
<br /> Upon p�ymad in fiall of dl wme secural by this Socurity lnstrumrnt. Luder sltall prompdY refund to Bortowa any
<br /> . Punds held by I.arxkr.[f, under paragraph?.1,I.ender shiJl aoquire or sell the Property.Lender,prior to the a�cyuititioa or s�le
<br /> of tfle Property,aiull appty my Funda held by i.erder st the time of aoquiaition or s�le�s a c�dit apinst the�uro rewnd Dy
<br /> thii 5eairiry Intrvaier�t, .
<br /> 3.Ap�lie�tia ot h�etMa1 Unless applicable law provides atherwiae,all payments roceivod by Lender wdei'pera�raphs �
<br /> I �ud 2�full be applied: first, fo any prepayment chu�es due under the Nute;secand,to anaunts pryable under par�caph 2;
<br /> third. w i�ra+e�dMC:'fourth,to princip�l due:and laat,to any late chrrgea due wder the Note.
<br /> 4.Cye�es;L1en. Bcxrower shall p�y�11 taxa, asxeemaita,cherges, 6nea and impaition� +�td�ibuuble w the F'roputy .
<br /> which m�y uain prioriry mer this Security Inet�ummt, aod leasdald paymerua or ground c+ena. if#ny.Bortower�hall p�y
<br /> Iba�pbligwiom in the m�noer providod in paragraph 2.or it iwt p�id in thu mmner,Bmirawer atWl pay than on time dirocdy
<br /> w the peroon owed pwyment.Bonower shall Pranptly turniah W I.u�der all aotias of amouras W be pud uader this5pua�raph.
<br /> If Borrow�er m�kea these payments direcdy,Horrower sh�ll p�cm�ptly fumish to Lender raoeipts evida�cing the pyma�ts.
<br /> ����P�Y��Be any lia►which liae priority ovu this Security Inswment unleu Borrowa: (�)asrea in •
<br /> writir�w the pyment of tho obliguion securod by the lim in a nunner�coeTit�ble w I�ender,(b)�a►tests in gaod faitb the lien
<br /> by, or defa►ci:ag�inst er�fo�nt of the lien in, legd proaodings which in che L,ender's opinion opaate to preva►t the
<br /> enfor+oenxnt of the lien;or(c) secures fram the holder of the lirn an�grament aatisfactory w Laider suborditrtin�t6e lia�to
<br /> tLi�Savrity Inr,trume+u. If[.ader deternunes th�t any p�rt of the Property.is subjoct to�lien which may dttin prioriry ova
<br /> thi�Sxuriry I��strument, I.rnder may givc Borrower a exnice identifying the Uen, Borrower shall satisfy the lien or teke one at .
<br /> nwr�e of the actiona set forth above within 10 days of the giving of notice.
<br /> Fam J02� iM0
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