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<br /> i TOGETHER WITH aU thc improvcmcn4s now on c�rcafter crectcd on thc property,and all cascmcnts,appurtennnccs, and � .
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<br /> fixtures now or hereafter a part of the property.AU replacements and addidons shall also be covered by this Security InsuumcnG .F _ -
<br /> All af thc foregoing is referred to tn th�s Sccurity Instrumcnt as thc"Property." ' `�'�
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<br /> '" ,,r BORROWER COVENANTS that Borrowcr is lawfully scised of thc cstatc hcrcby wnvcy c d an d has t hc rig ht w srant an d ; � ��;�;�..
<br /> Gonve ihe Pro and that the Property is unencumbered, exce t for encumbrances of record. Borrower warrants and will '_;;��, �`:•��; ���_
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<br /> defend generally the title to the Property against all claims and demands,subject to any encumbrnnces of record. ';'�4`-'�-;�"'k��;:�',;,,__
<br /> THIS SECURITY INSTRiJNIENT combines uniform covenants for nationel use and non-uniform covenants with limited �'�=�'':.'�"'—"�
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<br /> veriadons by Jurisdlctlon to consdtute a uniform securlty insuument covering real praperty. '`<,�.�°=`=="..�
<br /> , iJNIFORM COVENAIVTS.Borrower and Lender covenent and agree as fallows: _.�
<br /> ' 1.Payment of PrWcipal and Interest;Prepayment and Late Charges. Borrower shall prompdy pay whcn duc thc r_� �
<br /> principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. :���-'�
<br /> � 2.Funds for Taxes and Insurance. Subject to applicable law or to a writien waiver by I.ender, Bonower shall pay to -�����
<br /> Lender on the day monthly payments are due under the Note. undl the Note is paid in fuA,a sum("Funds")for:(a)yearly taxcs -�L;�;
<br /> � -''t and assessments which may auain priority over this Secwity Instrument�.s a lien on the Property;(b)yearly leasehold payments �_r�_
<br /> or ound rents on the Pro rt ,if an ;(c)yearl hazard or ro rt insurance rerniums; d)ycarl floal insurance remi�uns,if � 'y�" - -
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<br /> an ;(e)ycarly mortgage insurance remiums,if any;and(� any sums a able b Bonower to Lender,in accordance with the • :�°-•-
<br /> Y P P Y Y �..,A„.:�
<br /> provisions of paragraph 8, in lieu of the payment of mongage insurance premiums. These items are called "Escrow Items:' •�;,,;a�
<br /> ,' � Lender may.at eny time,collect and hold Funds in an amount not to exceerl the maximum amount a lender for a fedecally related '�"�==
<br /> mortgage loan may require for Bonower's escrow account under the federal Real Estate Settlement Procedures Act of 1974 as .�.�
<br /> amcnded from time to timc,12 U.S.C.SecCOn 2601 er seq. ("RESPA"),unless another law that applies to the Funds sets a lesser ���:;
<br /> � amoun�If so,Lender may, at any time, collect and hold Funds in en amount not to exceed the lesser amoun� Lender may �'�'"��
<br /> estimate ihe amount of Funds due on the basis of current de�a and reasonable estimates of expenditures of future Escrow Items or "'
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<br /> �, otherwise ln accordence with appllcable law. ;a�
<br /> The F►u�ds shall be hcld in an insdtution whose dcposits are insured by a federal agency,instrumcntality,or cntiry(including '
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<br /> =. ���jj i r��Q!IS Sllr� gn Jngfihitiqn} cl�in any Fedefal FIOme L08[I Bank. Lender shell apply the Funds to pay the Escrow "��-
<br /> y Items.Lender may not cherge Borrower for holcling and applying the Funds,annually analyzing the escrow uccount,or verifying �����
<br /> �* the Escrow Items,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. ���*�
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<br /> ' .r Hawcver,I.ender may require Borrower to pay a one-dme charge for an hidependent rcal estate tax repordng service used by �_
<br /> f> Lender in connecuon with this loan,unless appllcable law provides othenvise.Unless an agreement is made or applicable law --�--r-�`
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