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<br /> w TOGET(�EK WITf�al; the improvcmPnts r,ow o:hereafrer erect�i on,he propert?•, and all casements, appunenances, and
<br /> ��� �ir�sres rou• cr hereai'ter a part of :ne prnacrty. AI1 replacem�:tts and additions shal3 alsa he covereci by this 5ecurity
<br />"'� Ins�rume.^,t. AII ot It,_f^,.�cqeir.g i_=>cterred ta ie this Se�rity Tns?rumeat as:lze 'Propcm.'
<br /> `;�:� BnRP,Oti�'Ef?t�0�.'i;v'A?dTS that Borrowe:is lawfuIly s.°iseci af i�e estatc hcre�i}•con��evec�and has ihe ri�ht to grant a.^.d
<br /> cor:ve;� :',;e Propery and that the Prap�m, is uneY:�^�mt�er.�d. ezc�pt {or�:rumbran.es of record. Borrower �varrants and wili
<br />;, � . defend gcr.erail}�th�t'stie to the Pmperrr ag�rst all claims and demands,subject to anv encumbrances of record.
<br /> �`,:,: THiS SECliRITY I;•iSTRUV;ENT ccm�in�a�ifarm cnvenar,ts far natior.di use and non-uniform covezants with !i�nited
<br /> � � :ari:cions by jurisdiction to cor.stitute a unifo?m securiry irstrsment eecering real preperty.
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<br /> �,�A�� i_'V!FpR�f CdVi.NANTS. Bcrrowcr and Lender cove?tant 2;�d aGsre as fotiows:
<br /> ��� �. 1'avmcnt of Princi al and 3nterest; Pm vRSent u�u Late Cha es. Borrou�er shali
<br /> �� . �' :�.• � groniptly pay whe.n n��c t�e
<br /> ''��i prii:cip.cl of ar.d intc:est on th^deht evidencea U;the Note��d any�repayr„en:and L�u'�argcs due under;he Note.
<br /> 2. aunc:� i'or Taxes nfl�i (nsururtcc. Sul�;cci to upp;icahie iaw or to a written waiver by Lender, Borrower shall �;a; to
<br /> 1.cadcr on t}!c day monL7ly paynzerds are due undet the\oi�,ur.til th^Nate is gvd in fiutl,a sum('Funds"1 for. (z)yearly ta�es
<br /> and asse;srn�nts�v:�icn may a[tain.priority o�•er this Secutity Irzstramcnt as a i:en on the P:roperty; (b)yearly leaschoid payments
<br /> or grounci rents on the Prolerty, if sny;±c)ycarly hazard or pro}'�.e*ty eaturance y�reariums; (d)yearly flooct;i�surance prcmiur�sti
<br /> if ar.y; ;el ti�c�rl�• moR�ag� insar2ntx �remiums, if any; an3 (fl any su�ns pay�able by Soreowe*to L:ender, 4n acce:d:tnce with
<br />� � thc p:o�•i�s�r.s of pa-ag,aph 8, in l;cu of tf:e pa�•ment of mongagc insura�ec pret�iUms. These it�ms air calicd'"Escrow ltems."
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<br />� [.en�cr may, at :L�y time, co?'c.:t an� h�ld Punds in az �r,t�unt r.e€ tn etcec�i �tic m�.�imum ar,:ount a 3endc* for a fcderally
<br />°�'� re)a;ed ma:�2agc ;oan may :c�uirc far Borro«�er's �scrow :�ccaur,t ;inder the fecteral Rcal Estate Setilr.ment F'rcxedures Act c�f
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<br /> y, ,�,s�� l9%4 a; ar�cncied C*or.t ti�re ;^. time, 12 L'.S.C. Section 25L11 e;seq. ("4`iESFA'}, uniess anather law that �pplies ro tfie Funds
<br />�� �s:y�" ticts a lcsser a^�aLnt. If�o, L,end�r ;�a��, ;,t aay ti�ne, ceLcct a:td hold Funds in an amo�xnt not to exceed the lesser amour,c.
<br /> �m' I_er.de: may rs:ima;e the xr.;osrt oi Funds due on .ht basit oF current data anci masar�.blc rsiimatcs of expenditures of futucc
<br /> l:scro�ti•Ite;n.;o:o:her�vi;e i��rda,�cc Fvieh a�piicabte?a•w.
<br /> The Funds sha11 h�e h��ld in 3I1 institution whose deposi.s urc insu;ed by s .`^.deral agrncy, ir.strur: �r�taiity, or entity
<br /> (i^Ci�:;:�� LC�GC:, ii�CGi�C��5 Suii3 di�iiiiiiiil'se�ifj OC 1[i 3SiV �=rt4C[3i �ti;��nc a.�sn�azn',-. i.enfler shaiI apply the Funds to pay the
<br /> i=scrc�v l:er,is. Lr_:�d�r ma�;r��t char�e Borro�o�rr fe:ho;clinfi:uid appl��i��t�r, Fvr+d.^., annuatly xnal}'zinfi the escrow account, or
<br /> �r;;.r•;;��� eLe Escr��w� ]tcros, er.�cs�a Ixnder pv,+s Borrou�er i;trres;��n the Funds and applicaole law�permits Lender t�� make<:uch
<br /> ''° a c!;..r,c. I3e��:cvcr, Lcnor:rnay rcauire I3orm'v,•er to�ay a r,nY.-tim�chargc ier an indepsndent rcal estate tat rep�zting service
<br /> � v�.d hv� i_cnc'cr i; cons.,�tion with this fo1n, �nless applicabie lavf pr�vides oth�s:��ise. iJnless ar� agrcemcnt is made vr
<br /> ��`� ,ppl�c^blc iaw reaiiires ir.tcrc:t :o Se paid, ?ciwcr sha;i r.ec tk, required to pa}• �orcowcr anv interest or earnings on ttie Funds.
<br /> ,��`� 8n.rtnFtie, and Ler,der may aFrcc i� u�rting, h�wcvcr, that inte:-cst shait bc paid a�t the �unds. Ler,der shall give to Borcower,
<br />�� � .�ithut.t chzr�e, an :,�nual accounting oF the F:u�ds, showir.g cre�its and dtbits to the Funds and the purpose for �vhicf� each
<br /> prt�? d�bit �o th:Funds was made. The Funds are p:r,lgeci as additionsl se•curity for all sums secured by this Security Instniment.
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<br /> n�^�:, I;ti�c: Funds t:c!d b� Lender czceC:J ttSC N710ll:,ts�rmitted to t?e he;d by appfic.,ble law. L,ender shall account to Borra�ver
<br /> �";,�,s for nc� ezcess t�unds i�a�co:dance wich the rrqvirements of apglacable law. 1�the ameun�o,`the runds held by L.ender at any
<br /> ,� � �imc �� ,ot sufficicnt ro ca}•t,e rscrow Items�.�hen due, Lender n�ay w notify Bonowe: in writing, and, ;n such cvse Borrower
<br />�,?��'� �� ti,!:t�l � }� t�> Lender thc arr,oun. necessa��}• ro make up the d�,cie;tcy. Forr�wer shali ma�e ug the deficiency in no more than
<br />�'y�'`°' � raeiF�mon;hly Pa}•ments. at Le;�dcr's sole discretion.
<br /> , � Cr?en pa}•.r,�nt itz ;ull of afl sums s�cure� by diis Security Instrument, Lender shall promptly rcfund to Borrowcr any
<br /> rur.ds hcici b�• !cr�dc,. I1, ur.der paragraph 21, Lcndcr s��ll acqui:e or self the Property, L.ender, prior ro the acquisition or sale
<br /> � of the Pronert}�, sh:ili apply any Fur.ds held by t.znder at Lhe time of acquisition or sate as a credit against the sums secured by
<br /> !his Sect�rit�� In,trumerl.
<br /> � 3. Application ot F:�ti•ments. L'raless a�+glicable law providcs�thcrwisr, al(pay�nents received by L.cnder under paragrapiis
<br /> 1 ar,d 2 shall be a�pfied� f�:st, t.� any p:ePa}•rr.em charges�iae under the Natc, second, to amounts F;:{yab(e under paragraph 2;
<br /> c'•.;ir�, to in,crest dve; fou;th, tc,�rincipa!�uc; and!ast, to<u�y tate charges due uneier the Note.
<br /> ». C:hargr.:; I.detis. f3orra�•er shall pa}• a1! ta�es, a.�sasmcnts, charge-, fines :uid impositions attribt:table to the Property
<br /> ' �Lhicl� ms�• attain priorit�� ovrr this Security lnstnimenl, and leasehold payments or ground rcnts, if any. Borro•.ver shall ray
<br /> ,,�,,. tlr;sc obligations in the manncr provided in paragraph?,or if n�t paid in that manner, Borrowcr sha!! pay them on time dircctly
<br /> ,, �� io the persen o�ti•cd paymcnt. Rorrc«•e:sh�li�mmptly furnisn ta L.ender al{ r.ntices af amounts to be paid under this paragraph.
<br /> °���� ;f Borrc���'�.-makes thesc paym�nts directiy, Borrov�•er shall promptly fumish;o lxnder receipts evi�encing the pay�nents.
<br /> Aorro�L•er s,,�(promptly�discharre zr.y lien which has priority over th;s Securiry Instrument unless Borrower: (a)agrees in
<br /> ��ritins;to?he payment of the obligation secu:ec7 b�the iien in a mann�r zcceptable to Lender, (b)contests in good f3ith the licn
<br /> b��, or detends agains[ enfomement of the li�n in, tegat proccedings which in the Lender's opinion operate ro prevent the
<br /> cnio!-cerr,ent of th�liea; or (cl secures frcm the ho!dcr of the lien an agreement satisfactory• to Lender subordir.ating the lien to
<br /> t.`,i� Securiry ,nstn;ment. If Lender detcrmines that any par: �f tha Property is subject ro a lien which may attain priority over
<br /> tnis Sccurity I^st*umPnt, Lencie,may give P.c3rrnK•er a notice identifying the lien. Borrower shall sat�sfy the lien or take ene o:
<br /> n;o;e ef the act�ons set forth atrve v,�ithin 1t�days of the givin,of notice.
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