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<br />. "•`� .�'- TOGETI�R W►iTH aU the improvements now or hereafter erected on the ro and all ea5emeau.apP `.:�;.�.,��;,,,_�.:
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<br /> - �"�G;� fixt�es naw or hereafter a pazc of the property. All rep}acemea�u and additio� shalt atso be covered by this Secority :
<br /> ,� � ,.S` tnstmment.All of tt�e forcgoicg is referced to in this Security Instcument as the'ProPe*ry•� ,;`:`a> :..
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<br /> ��:�r; BORROWFR CQVENANTS thaz Borcower is lawfully seised of the escate tiemby wnveyed and has the right to grant and G:�:.:..�:
<br /> ` . � ..��`. aomey the PcopenY an6 that the Propeny is uaeacumbered. exoept for eacumbrances of record. Borrower warraau and wi}I . � E`:;
<br /> �' ° k •�: defend geaeraUy the title to the Praperty against all claims and demands.sub}ect to any eacumbrances of record. ,y; ��
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<br />:�-c� :r::'ri f :' ,�;,�, THIS SECURITY WS7RUMENT combiaes uniform oovenants for national use and non-uniform covenants with limited .. . ;., ,.; .
<br /> . variatioas by jurisdiction ta consdtutc a uaiform seauity insaumeac coveriag reat P�P�Y• F: -e;`.' �<��'
<br /> . �_� UIJIFORM COVENANTS.Bormwer and l.euder covenaat aad agm as folloa�s: :_.p , �< �
<br /> eat and Late C6srges- Borrower sT�a11 PromF�Y Pay when due the
<br /> . �,_�: 1. Peyruent oY Prtadpal and jntw�est; PrePaym �;:�{
<br /> :yy---"'°"� priucipai of and interest on the debt evidenced by the Note aad an3+PnP��aud iate charges dae onder[he No�e. s -
<br /> "�"�'�"�r�`�� 2.Ftmds for Taxes aad Iasurance.Subject to applicabie law or[o a written waiver by Lender.Borrower s9ia11 Pay to - � .
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<br /> .--",,.`_,.:�"'r are due under the Note.until the Note is pai d in f u l l.a svm("F u n d s")f o r:(a l Y�Y� �l„� ` �"'..�;:
<br /> , •. , � I.ender on the day momhlY P�u . ��
<br /> `Y<:� � `.:�-�:�°:;''� aad ass�a�ts wbicb maY�a Priority over this Security Instrument as a liea on the Propecry:(bl yearly leasehotd paymeau :�' `�..-�- ;,�
<br />�= r` _ Y. .',-� or mid reats an the Pto erty.if any:(c)Year1Y hamrd or proper�y insurance premiums:(d)YeartY flood insvrauce P�emiwns. _ •��,-=`���.'.
<br /> �° � c Y a b t$ B ornnwer to I.e n d e r. i n a c c o r d a n ce w i t h .`.<�- �`.
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<br /> � � if aay:(e)Yearly mortgage msurance premiums. if aay: and(fl any�FaY b Y . . •.s`
<br /> :4 . °' the pmeisions of paragraph 8.in lieu of the paymeot of mortgage�gremiums.These items aze calted"Fsrcow Icems.' ;.;� ��
<br /> � ,";.b�� L,ender maY,at aay time. ootlecc�d hold Funds in an amowu not to exoeed the maximum amonnt a lender for a fa�al1y j.
<br /> : r�`. _�: -; related m�tgage loan may require fos Borrower's escrow account under the federal Real Estare S�tlement Pmcedares Act of :c ••
<br /> ` �r; �� ,_ 1974 as amended from dme to time. 12 U.S.C. Seaion 2601 a seg. t"RESPA').unle$c aaother law that applies to the Fuads � F . } � ::,
<br /> `� sas a lesser amount_ If so.IsadEr may.az auy ame. coAea and ho2d Funds in an amomu not to enceed the ksser amount. -
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<br /> :_.� },���y e�te the amouat of Funds due on the basis of current data and reawnable estimates of expendi[ur�s of futu:e . -�
<br /> � `• :•`�. Fscrow Items or otheiwise in accord�ce wieh apglicable law. • � '�`--
<br /> -:,a �J.i•. The Fvnds sbaU be held 'm aa instituuoa whose deposits ase insured bY a federal agencY. instrumentality. or enriry - �;- ' °�L
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<br /> ,:�e._: C�clndPag l.ender.if Leader is sach aa insritutioa?or in asy Federal Home Luaa Bank.L,eader shall apply the Funcls w pay the , _.
<br /> :°:., ^ `'.. , Escrow Bems.LRader may not eharge Borrawer for holdiug and applying the Funds.avauaUy analyzinS the escmw accouat.or „yf„ v -:�
<br /> -- ��,_`' verifymg the Esaow Items,an2ess Leoder pays Borrowec intecest on the Funds and applicable laa+permits Leader to make such °., •.�f,`�$=_
<br /> '�` ��`'� I.ender may requue Borroaer w pay a ane-rime chazge for an independent real estate tax r�ortinS sen+i�e t ��.�
<br /> i ..: ,, a c6arge.However. t is made or " '
<br />- • `',,�: ns� by L�tder in connecxion with this loaa. nnloss aPPlicabte law provides othenvise. Unless an agreemen _ .,A :j>.��
<br /> ~ �:•�r. applicable law reqnires interest to be paid.I�nder sfiall not be required to pay Borrower any inzecest or eamiags on the Fw�ds. ° � �...;<
<br />_ ;�;=4 in however.that interest sitall be paid on[he Fuads.Ixnder sbari give to Borrower, �'`'
<br /> Borrower aad Leader maY agree wri[in8• :E---
<br /> � �;r�� withaut diar8e.an annaal accauntiag of the Fuads. showiag�its and debiu ta the F�mds aad the pa:pose for afiich each :
<br /> ,, ; 3: debit m the Fuads was made.The Fvnds are pledged as additional secariry for all swas seaued by this Sec.�iry lastrument• =
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<br /> ; If the F�mds hetd by I.eader exceed the amounu permiued to be held by applicable law. Lender shall acco�mt to Boirawer �. _ —
<br /> � ,:1� for the excess Funds in acrnrdance weth the re9uiremen�s of applicahle law. Jf the amount of the Funds held by L�ender at az►y . r.. �� _
<br /> �: � ` ' wne is not s�iffscieat to pay the Escrow ltems when due.Lendet may so notify Borrower in wriung.and,in such case Borrower • :
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<br /> - -.-., � st�all pay ta Lender the amouat aecessary t�maIce up the deficienc�. Borrower shaU make up the deficiency in no�wore than }�u. -
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<br /> cwelve momhlY Paymcats.at Lender's sole discraion.
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<br /> �,.°�:,'� . .. . �� Upon p�ymeas in faIl of all svms sec�tted bY this S�cY Insnv�t. Lender shaU psomptly refund co Bonower aay ;�;{,:..,:.:�,
<br /> +:. : �..`� Funds held by I.eader.If.under paragraph 21.l.ender shall ac4uire or sell the Propercy.I.eader.Prior to the acquisidon or sale • ;4.
<br /> '`�" of the Property sdall aPP1Y�Y Fnads beld by Ixnder at the time of acquisition or sale as a credit agaiaat the sums secured by r ; : .
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<br /> . : a` 3.Applicadots of Pspmenis.Unless applicable law provIdes otherwise.all paymenu received by L�ender under paragi'aphs . _ �,
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<br /> -- "� :`�,-�.•;-". 1 aad 2 shaU be applied: first,co anY P�PaY�t charges due aader the Note:secoad.to amounts payable uader paragraph 2; _ .: .,._:_:
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<br /> tbird�w inserest due:foiuth.w ps�ncipal due:and last,to aay lace charges due nnder the Note. __
<br /> _. . �� 4.Chaegex L�ea9. Borrower sLa11 pay all raxes.assessmeau.charges.fines and imyositioas ataibutable to ihe Property ,'_� �
<br /> :4� � � � �; which may auain priorlty over tbis Secum}+Insa�ua�ent.aad leasehold payments or ground reacs. if aay.Botrower shaU pay , �:_
<br /> ,.� � these obligations�n the manaer provided in paragca�b 2.or if not paid ia that manner.Barroarer sbaU pay tDem on time directJy ,-,
<br /> � �.�.; [o the person owed paymaat.Bo:rower shaU pramptty furnish co l.eader a11 notices of amounu to be paid euider this yaragrapD. � �
<br /> -- . "°r; If Borrower makes these payments direqly.Borrower shall psompxly fumish to LeAder receipts evidencing the paymenu.
<br />-���_ ' � Barrower shgD PmD�tl ft�`i,s�barge any lien whicd�has priority over this Securiry lastnttaent naless Borrower: (a)agrees in : ..
<br /> ''• ..`;% . .. writing to the payment of the obligation secured by the lien in a manner acceptabte to Lender: (b)oontests in good faith the lien ��• ',�•� `
<br /> " ' :� - • `' ^ by, or defends agairut enforcement of the lien in. tegal proceedings which in the Lender's opiaioa operate to prevent the .
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<br /> '= eatorcemeat of the lien;or(c)secures from�he holder of the lien an agreement satisfaaory to Lender subordinating the lien to
<br /> � = this Securiry Insttuaient. If Lender determines that any pan of the Propercy is subject to a lien which may aua3n prioriry over . .
<br /> - ` � ..�` this gectuiry instrumem, l.ender may give Borrower a notice identifying the lien. Borrower sball satisfy the liea or take one or .. �
<br /> ' �� � more of the actions set forth above within 10 days of the giving of notice. :
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