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- .�•._�.b�. ,_.._--- - - ---- _ -- �_r_—�____—. - i � �.�''�� i TOUETHER WITH nll the improvementi nowor hereaRer erected on thz property,nnd n mcnt , p n ey,und i fixturoA n�w ar hereatter a part of the property, All repl�cementR and additions shaU ulso be covered by this Security Instrument. All of the foregoing is referrai to in thi�Srcurity Instrumsnt u.9 the"Praperty." I BQRROW�R COVENANTS that Bnrrawcr is Inwfully Feisc:d of►he estatc hareby c�nveycd und has thc right ta grant end car�vey thc Property and that the Property is unencumbered,cxcept for encumo�YUmes of rcccrrd.Barroemr��arrants nnd will defend generally th�dtle ro the Proparty against NI claims and demands,subJect to sny encumbrances af record. THIS S�CUYtPfY IN�TRUMENT cambinos uniform covenants for national use unJ non-uniform cave�ants with limited varfatians by jvrtsdiction to constltute a uniform isecuricy anstrument covering reul property. UNIFORM COVBNANTS.Borrower and Lc►dc*c�venant and ugcce us follawe: ; 1. Pnyment of 1Mncipwl And Intereat; Prepwyment Rnd I.site Gharges. Boxrower shall promptly pay when duc the � prin.cipal of and interest on tht debt evidenced by the Note und any prcpayment a�xl lute churgcs duc under the Note. 2. Funds for T�xes and I�►gurnnce. SubJoct to epplicnble Isw or to a wrilten waiver by l.ender. Barrower shall p�y to � Lender on ths duy monthly payments are due undcrthc Note,untll tlie Nate is paid in full.a sum('Funds")far:(a)yearly tnxes � und assessnxnts wh{ch may atta3n priority over this Security Instrument as a lien on thc Properry;(b)yeurly leasehold pwyments or ground rents on thc Property.if any; (c)yearly bazard or property insumnce prcmiums:(d)yeurly flood insurance premfums, � if any; (e)yearly mortgage insurance premiums. if any;and(t)any sums payable by Borrower to L.ender. In accordwia W+ith , tfi�pravlsions of paragraph 8. In liea of the payment af mortRage insurance premiums.Thtse items are called"Escrow Items." Lender may, at any time. collect and hold Funds in an amouat not to exceod the maximum amount a lender for a federxlty relatcd martgage loan may require for Borrower's escrow uccount under the faleral Real Estate Settlement Procxdurcs Act of 19T4 as umended from timc to time, 12 U.S.C. Scction 2.601 et seq. ("RESPA"),unless unother law that applles to the Funds sets a lesser amount. lf so, Lender may. at any time,collect aml hold Furxls in an amount not to exce�d the lasser amount. Lender may estimate the simount af Funds due an the basis of current data and reusanabfe estimatcs of expenditures of futun Cscrow Items or otherwise in accordance with applicable law. The Funds shaU bt held in en institution whose deposits are insured by a federal agency. instrumentality. or entity (including Lender,if l.cnder is such an iustitutIon)or in any Federal Home Loan Bank•Lender shall apply the Funcls to p4y the Escrow Items.Lender may not charge Borrower fa holding and applying the Funds,annually amlyzing thc escrow account,or verifying the Escrow Iums,unless Lender pays Borrower interest on the Funds and applicable law pernuts Lender to makn such $�e=, gQ��.•i,i.r��er may rcqu�re Sorrower ta pay a anatime charge for an independent rcal estate tax reporting servtce usod by Lender In connection with thie luan, unless applicable law prov[des otherwise. uniess an agreemcnt is ��a�t� �r applicable law c�equires in:erest to tx paid.L.endershall not be raquired ta pay Borrower any inter�st or eamings on the Funds. 19orrowcr and Letxler may agra in wdting, however,that intetrst shall be pald on the Funds. Lender shall give to Borrower, wi•hout charge. an annual acc�ounting of the Funds. chowing credits and debits to the Funds and the purpose for which each debit to the Funds was made.The Funds are pledged as additianal secudty for all sums secuted by this Security Instrument. If the Punds held by Lendor excced the amouncs permitted to be held by applicable law,I.ender shall account to Sorrower for the excxss Funds in accordanoe wtth the roquirernents of applicable law. If the amount of the Funds held by Lender nt aay time is not suFficient to pay tha Escrow Items whrn due,Lender may so not[fy Bontower in writing.e��d.in such case Bor►nwer shall pay to I.ender tNe amount necessary to make up the dcficiency. Borrower shall make up the deficiaicy in no more ihan twelve monthly payments,at L.ender's sole discretbn. Upon payment In full of all sums secured by this Secudty Instrument, l.cnder shall pronipdy refund to Borrower ar►y Funda held by L.ender.If.under parwgraph 21, Lrnder sh�ll acquire or sell the Property.I.ender,prior to the acquisitinn or sale of the Property, shull npply any Funds held by I.ender at the time of acquisition or sale as a cXOdit against the sums socurod by this 5ecurlty Instrument. 3.Appltattlon ot Payments.Unless applic.�b�e law provides otherwise,all payments receivod by I.ender under par+igraphs 1 and 2 shall be applled: first,to eny prepaymem cherges due unde� the Note; sxond, to amounts payabla under paragcaph 2: thlyd,to interest due;fourth.to principal due;end last,to any late charFtes due under the Note. 4.Char�es:Lieos. Borrower shall pay all uxes,assessme�ts, chaiges,fines and imposidons attdbutable ro the Properry which may attain priodty over thls Security Inswrnent, and leasehold payments or grow�d renGg. if any. Borrower shill pty these obligAtions in the manncc provided in paragr�ph 2.or if not paid in that manner,liorrower shall pay them on timc dirextly to the person owed p�yment. Borrower shali prompNy furnlsh to Lender all notices of amounts to!x paid under this par�graph. If Borrower niakes these payments direcdy.Borrower shall promptly furnish to Lender recelpts evidencing the payments. Borrower shall promptly discharge any Ilen which has priority over this Security instrument unless�nrrower: (a)agroes in writing to the payment of the obligation secured by the lien in a manner aoceptable to Lender; @)contests in good faith th�lien by. or defends aga��st enforcement of the lien in, legal proceedings which in the I.ender's opinton operate to prevent the enforcement of the lien: or(c)secures from the holder of the lien an agreement satisfactory to I.ender subotdinsiting the lien to this Security Instcument. If Lender determines that any paR of the Property is subject to a lien whicl�may attain prinrity over this Security Inst�ument.I.ender may givc Bonower a noticc identifying thc lien.Honower shall satlsfy thc lien or takc one or more of the nctions set forth above within 10 days of the giving of notice. wrm aose sroo Pp�4ot9 -- �_----_-M�o�r'iP�Pr�iiai.avr�fw=��