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<br /> =Y�`T,'�t.c,���F'' _.-_�s` ,. 'tUG�fHER VUPfH atl tM improvements uow or he�eafter erecoed on th,e pro�+.and ail easements...�.�....._ :,.5;:��,:::;��
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<br /> ' •� < ` �; `� fixques aow or hsreafter a part of the propeny. All teplacemeuts and additions shall also be covered Isy tbis Security Y� h�;�-
<br /> � '-`��, �nsuuiment.Atl af tae fotegoing is refersed to in thi9 Seceuity tnstnuueut as the'Propecty•• •" �r '��:
<br /> ,.�`¢ ( BORROQUBR COVENAN'I'S Wat Borrower is tawfully scised of the es�ate dereby oonveyed aad has tbe right co grani an�d � �e �
<br /> �' h �� vonveg tIIe Fropecty ansl that the Progerty is unea�wnbered.except for e n c u m brauces o f ieco r d. Borrower wanants and will .
<br /> � : defend geaeraltY the titte to the Prope�ty against atl ctaims and detnands.sab,ject to auy encumbrances of r+amtd 4 ` '`�r
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<br /> - -.�}�- • T H L S S E C U R I T Y IN S f RUMEN7'combimes unifozm oovenanu foc�tion3l ose and no�uniform covenants with Eimited
<br /> s", ' .:_r v2�reations by jurisdiction to rnnstitute a uniform secnrity Fn� �n, at covering real property• �,•,, _; .
<br /> . •;t : i�'h'�FOR�S C:OL'F.��A,ti'T5.�r a�t.ead�r zor�+nt��£e as falMwc- �- •:
<br /> .` � !. Pa�rue�nl oY Pr�cipal and lnteres� Yrepa9ment and I.ate Cbarges. Sortower s�al! pmmptty PaY when due the
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<br /> —% ' � '' -r-^^�•� of acid interest on the debt evidenced dy the Note and anY P�Y�nt and late charges due undec the Note. � �� •��',4 ,
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<br /> �. :� `�, p 2. Ftmd�fos Taaces su+i L�sapaaoe. Subject to applicaDte 1aw or to a written wai�er by Lender. �or�ower shall pay m � '
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<br /> .�15'••t .: Lender on tAe day manthty payments are due under tRe Note.u�il the Ncxe is paid in faiZ,a sum("Funds')for.(a)YearlY� 1 .`;.: ".;�;��;
<br /> ,�. `,� �a�ceccmpnt�which atay auain priority over this Se�vity lnstrument aS a lien on the Pro�erty:(b)Yeat�Y Geasehold pay�enis � ,.<<,..�„:-z•�
<br /> > �^ �`,• :-�- or ground rents on t�e PropertY,if any:(c)YearlY ha7ard or property iasnrancz pcemiums:(d)YearlY IIood insnrance premiums. � � , • k.
<br /> a�" r' " :- abte Borrower to Lender.in aocordance wit� �� ;
<br /> -� � : if an y;Ee)Year�Y mortgage insuranoe Qieuuums. �f any:and f�any swns PaY bY �;
<br /> ' � `` }` the pmvisions of paragraph 8. in tieu of the payment of mortgage insurance premiums.T h e s e items are c a l t e d"F s c r ow l t e m s." � ; ,.
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<br /> �qjF` l�ender may. ai any ti�e.coIIett ana hotd Funds in an amnunt not to exoeed th�e maximuffi amount a t e�d e r fv:a f e d e r a t l y
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<br /> �°�: ,- retai¢d mortgage toan may requise for Borcower's escr�ow a�ount under the federaE Rea!Estate Setttement Proced�ues Ac!of � ` ' un `_
<br /> ?�:_' ` Ig?4 as amended from time to time, 12 U.S.�.Section 2601 e[seq.("RESPA"), untess another la.w cLat applies to the Funds ,
<br /> �`�'"���_"—' � sets a tesser amoun� it so. LenQer may.at�y ri�. wiiac amF;a�,�;� i';,a.:�:4^..�3LT�t`u� s'-'-'! t�4�'-'�'e`�rf►�IvccP;�m����N =
<br /> �� Lender may estiurate the amount of Funds due on the basis af cutrent clata and reawnable est:mates of expendiuues of future y H t -
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<br /> : `',_.`. . = Escrow Items or otherwise in accordance wu6 applicabte taw. :�--_...- :-.-
<br /> - ��-�,.•. �. . y'•:.' The Funds sball be hetd ia an institution whc�se deposiu are insured by a federat ageacy. instrumentalit}r. or eatity :�.�_-r-,:�``:
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<br /> ;: r f inctuding Lender,if Leader is suc�an institarion?or in any Fede�al btome L.oan Bank. Lender shall aQply tAe Funds to pay tbe :,-'�.._
<br /> ' }..;f,.?�'•"� Escrow Items. Lender muy not charge Boaower for hotding and agplying the Fut4ds.armualZY anatYzing t!►e escrow acoount.or . :%`k,
<br /> ` � ' �rerifying the Fscrow tteuu,untess Len�der pays Bozrowec interest on the Funds and appticabte law penniu Lender w make sush a � .:�`t�..,
<br /> , uire Borrower[o a oue-time charge for an indeQencieet sea!estate ta�►e�orting seruice •` �-
<br />- -r �ry�� .. �:,.'�.-��; a charge. HvweYer.Lender ma�y.reQ PaY :• � � �•�.
<br /> •� ��i,;� .'.. .v.�,,n;•�' used by Lender in connection wi t h t h i s toan. uniess a�pticabte law provides othecvrise. Untess aa agieemeat is made or :;�.:
<br /> applicabte taw requires interest to be paid.Lendec s6alE not be required to�ray Borrawer any interest or ea�a'sngs oc�the Fuads. .t`�. s-
<br />" 'i.� � ' Bo:rawer aad Lender may aa ee in wciting.however.that inteces�shal�be paic!on the Fuads.l.eader sball give to Borrower, ..�;�_-
<br /> ` . . ' wittcow charge.az►annteaE accuunting of the Funds.showing credits and debits to the Funds and the purpose for Mchich eac� .ti::,;: :�__
<br /> '�' '�' .. • .,. ' debit to the Funds was made.'F6e runds are ptedged as additional security for alt sums secured Dy this 5ecvrity Instrument. � .�;°'. -
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<br /> !f the Fur�ds held by Lender ezceed the amounts perruitced to be hetd by appticabte law,lendor shall account to Boaower �.;,� •.
<br /> ?�;..:.. :._'�: for the excess Funds in accordance with t6e requirements of appGcable l.aw. If the amount of the Funds hel�by l.eadec at any
<br /> �`;'�:,:;` . . - time is mt sufficient tv pay ttte Fscrow Items whert due.lxnder may sv notify Borrower in writi�;,an�l.in se�tk�case Borrower ': --
<br />.:.,�:,.� . Shalt pay to t�.eader the amount uecessary to make up the defciency. Bocrower shah cua[ce up the deftciency in no nmre than ��.4:._�� _
<br /> .��r.•.� . . . •5 :':
<br /> : ,i _ , . . twetve mont�ty paymenzs.aE Lxnder's sple di�aeaon.
<br /> � Upon pay�nent in full of all sums secured bp this Secvrity Inst�ument. l.ender shalt promptiy refund ta Barmwer cwy
<br /> �;�' ' Funds held by Lender. (f,under paraaraph 2!.Lender shal!acquire or setl the Property.l.ender.prior co the acquisition os sate
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<br /> ;�:s<<,: . ' �.. of the PcopecEy.shall apply any Funds hetd by 4.ender ai the time of acqui.vuar or sate as a credit against the swns seeured by ,
<br />;�.�,�•�. . . . , tflis Scxur+ty�ingtrtunemt. . '
<br /> 3.ApplioC�ton oY P�ymeut4.Untess aQPlicabte taw provides athecwise.alt paymenu receivect by L.eader under Paragraphs .:�' �� •+::..
<br /> 4� �' E and 2 sAait Ae apptied:.fust. to auY PfeP�Yrt►ent chacges duc under Ehe Note:second.to amounts payable under paragrapR Z. ., '
<br /> ,,�,,.,:.. .. , third.tv interese chse:fourtt►.to principat due:and last.to any late charges dae under the Note. 1r,,
<br /> .��''::• q,Chasges;Lieas.Bornowec shalt pay alt taxes.essessments.charges. fines and imposipons attributabte to the Propeny ` .
<br /> ���'�,� .. ` . � . which may attain priority over this Security Instrument. and t�asehotd payments or ground rents, if any. Borrower shafl pay
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<br /> ,�,`: '��:f' these obGgations in the manncr piovided in pazagraph 2,vr if nut paid in[hat manner. Borrower shalt pay them on time direccly
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<br /> ��...:•., • � to tRe person awed paymens. Borrower shsll promptiy furnish to Gender all notices uf amounts to be paid under this�Saragraph. .
<br /> �.f;:,`;; �: � tf Borrower makes these payments directiy.Borrower tihall prumptl.y furnish to Lender reee'rptq evedencing thc payment�. .. :` ...
<br /> � • Borrower shall prumptiy JiticNarge any tien which has prioriEq uver this Securiry Instrum�•nt unless$ortuwer:(a1 agrees ize 5��
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<br /> L;,;' ., ':� wnting tc�the p�symenc of the ubligativn sr.cured by the lien in a m:snn�r acceptabte tv Lr.nJer;lbi contests in gu�xl faitft the tien
<br /> _'�;�;<<,;�.. ..:- � � by. or d�fend. againct enforcemeec uf the lien in. Iegat pre�ceeJing� which in the Len@er's vpinion operdte to prevent the •
<br /> �` „ enforcement of the lien: ur Ic)yecures front the hoWcr vf�he lirn"an�grc��ttent wtisfactory to L�,roder tiubordin:iting the tien to
<br /> �,_ � � � .. • thiY Securtty tmtrumen[. {f l.endcr d¢tcrtninc�that any part e�f the Pruperty i.tiubject to a lien whiclt may:�tt�i�priority vver ' .
<br /> S �,��� • .. � � , this S��;urity In�trument. Lender may g�ve Borrvwcr u nutice idenuf'ymg the lien. Burruwer shall tiantify the lien ur take onc ur .
<br /> . � � � � � more of the actiuns+ct forth abovr v+ithin IU Jay�of[he giving of naEi�e. .
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