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<br /> � , � 7'oc,�THER �tllTii all the impro�ements non or hemafter erected on the pro�rty and alt easements.
<br /> a urtenances.and�istures nocv or ncrr�f¢z�a��f�'.���'�!Y_ati replecements and addit►ons shail alsu br w�'erea �._ _
<br /> bythis Sacurity Instrument.All o�the foregoin�is reterned to in this Security instrument as thc"Propercg.- —,
<br /> ' ' BURRO�'YER COVENANTS that Borrocrer is lawfulip seis�d of the estate hereb}•concey�r•d and ha.s cFe right w
<br /> • F. . grant nnd convey the Property and that the Property is unencumbered, except ior encumbrances ot re��rd. IIurron'er �,
<br /> ' . _ � �carrants and nriU defend gznerallY the Yitle to the Prnpere}ogains�e all claims and demands,subj�:t to any Pncumbrances ��
<br /> . of cecard
<br /> .� ;� TFIIS SF.�I��RI'TY INSTRL'1�'IE�]'T combines uniform oovenants for nationat us�and non'uniform coti•en�nu�;ith
<br /> � limited�ariationsby jurisdictian aoconstitutesunaform security instrumentrnEerin;real proPert?�•
<br /> Ui�'IFOR.'�f COVENAN7'S.Borroner and Lender cocenant and a�ree as follons. a �hen duc
<br /> . • 1,pay�e�t of D'rinci�aland Int�rest:Prepay�nent and I.ate C6arges. Barroner shall promptly p y�
<br /> -- —� the principaS of astd interast an tke debt ecidtnced b}the\ote and any'prepay ment an8late chsrges due undrr thr\ntr.
<br /> ,. �__...
<br /> 2.Funds tot Tsxts and Insurance. Subject to applicable!aN or to a c+ritten nai��er by Lender. Borroner sAa�f
<br /> ' � � pay to Lender�un the day monthly payments are due under the I�ote,until tha tiote is p�id in full,a sum ("F�nds")for. �.;:•�
<br /> � t8�y��y ta�es and as�sments ahich may attain priority over this Security Instniment as a lien on the Property:(b) �,N
<br /> � • : yearly lsasetenld payments or�und t�ents on the Ptogerey.if an�(c)Searly hatard or prapetty'insurancti prem'sums.
<br /> � ` (d)y�early flaod insurance psemiums.if any:(e�Sear�Y morigage insurance Premiums.if any;and(t)any sums payable �`
<br /> `' � by f;orrocser to[xnder.is►accordance Nith the provisions of patagraph 8,in lieu of the pay�ment of mortgage insaran� •
<br /> �-_.
<br /> ' ', L:' premiums.These items are called"Es�ro�v Items-"I�ender may,at any time,collect and hou're fa Borroner s Unescro� °_-
<br /> ` ' cn esvEed the magimum amount a lender for a feder�slly r+elated mortgag loan may req =
<br /> � � t account under ths federal Real �rswt�Settlen►ent Prooerlu�+es Acc of 19T4 as amended from time to time. 12 U.S.C. �-
<br /> . �
<br /> ` ... �. 4tiction ZdO�et seq. �"�PA'),unle�artother lacv that applies to the Funds sets a les�,er amaun�If so.Les�der may. =_-
<br /> at any time.collect and hold Funds in an amount not to eac�d the tesszr amount I.ender may�timate the amount of �,.;:
<br /> � `�� Funds due on the basis of curcent data and teasonable estimates of espenditures of fuwre Escron Items or othern ise in —
<br /> .�. accordance with applicable law. ��i��y�y a iederal agency.instrumentality.or e�tity _-
<br /> - The Funds shall be held in an instiwtion whose deposi _
<br /> " i (;nc��d;ng],ender,;f Lender is such an institution)or in any Federal Home Loan Bank.Lender sRall spply the Funds to _-
<br /> —,:z 1 ' the Funds. Szu►uaiiy anatyz�n�sn� _
<br /> �I pay the Escrocv Items.Lender may not charge Borrower fos t►o1diB��n�on the Funds and applicable tacv _.
<br /> ' � � � esaocv account,ar verifying the FscroN items.unless 3.er►det PaYg ---
<br /> , . .s � permi4s I..eader to make such a charge. However.Lender may rr�ire Borrower to paY a one�ime charge for an _ .-
<br /> � ' � independent real estate tas report�ng servic�used by Lende�'in�°nn�ion Nith this t�an,un1e�applicahle�aw provides `
<br /> d.Lender shall not he reqmred m
<br /> �'• ��-` otherwise.Unless an agreement ss m.�de or applicable lacv rcquires ins.�.�resc to b=Fai � �t interest =
<br /> pay Borro�er any interest ar car�in�on the Funds.B�rrower and Lender may s�ea in wciting, on+ever.
<br /> • , shall be paid on the Funds.Irena,ee s:5.u11�ve to ef�w h each deir.t��ie Fu ds was madet�The Funds are pledged as
<br /> •• ��• :� credits and debits to the Funds and t:te���ose �
<br /> ' addirional security for aU sums secur�d bY t�is Security Instrumen�
<br /> • � , �f the Furtds held hy Lend�esce�:�e asnounts�rmitted w iae held by applicable lan.Lender shall aa:ount tv
<br /> �. Eastoner far the exce�Fan�in accordance tvith the m�qwrements of applicable law.If the amount of the Funds he]d 4
<br /> by Lender at any time is nut sufEicient ta�^zy the Fscroiv Items when due.Lender may so notify Borracser in writing.
<br /> •� + and,in such case Borruner sha11 PaY xo L+�"�-'�the amount neces..cr to make up the deficiency-Bo�TO����make �
<br /> � , { up the de�ciency in no more than twelce r,srnthly payments,at II.en�s sole discretion.
<br /> . � � s • Upon payment in full ot all sums secared by this Securiry Instrument•Ler►der shallln°�y�Y refttnd to Bo�r�L�
<br /> � . any Funds held by Lender. If, under para8�aph 21. T.ender shall acquire or sell the Pro I.ettde�'. t�
<br /> . , ' acquisition or sale of the Properry,s1�a11 aPP�Y any Fimds held by Lendes at the time of acquis�tion or sale as a credit
<br /> � :� ured b ttus Security Instrument.
<br /> . . againse the sums sec Y
<br /> ;. AQplication of Paymeats. Untess applicable law provides a�iercvise,all payments cr�xived by Lender unde�• .
<br /> �� paragraphs 1 and 2 shall be applied: 4irst,to any prepayment charges due under the Note;socnzd,to amounts payamid
<br /> - • under paragraQh 2;trard.to interest due;4ourth.t�principal dus;and lt�st,to any late charges dae under 4he Nate.
<br /> ' � 4. C6arges; Liens. Bnnower shall prry all taxes.assessments.charges, fines and impositions attributable to the
<br /> _..���",,': Property whicb may attain priority o+er this Security ]nstrument,and leaseh�fl f Paim atin tha��reaanp.r��-, Bo�rrower
<br /> 1�,:;A-•' .- ' , Borrosver shaS6 �y these obligations in the manner provided in paragrap 2, �
<br /> - � � shall pay them r,n time directly to the person owed payment.Borrorv���d f��tly�futt s�����mptly f m s
<br /> �' � amounts to be paid under this paragaph.It Borrower makrs these paY
<br /> is: ,_.. .
<br /> j'�°'. „ to L.ender receipts evidencing th�payments.
<br /> ,-;M��,':�4 � Borruwer shall promptly discharge any lien ahich has priority over this SECUrity Instrument unl��nower.�a�
<br /> ��'_r.•- agras in writing to the payment of the obli g at'son secured by the lien in a manner Wcceptable to Lend�;(iz1 cantests in
<br /> �•—^ ` ood faith the i;�m b ,or defends ag�inst enforcement of the tien in.legal pmceedings�1uch in the Lende�''s opinion
<br /> :��,-�r�,R� � � y
<br /> -�- •� o����n;��r�;:the enforcement af tli�lien:or(c)secur�frocn Y'�e holder of the lien an s�;reement satisfactory to
<br /> `'�'f��'� � �1 Lender subot�i:ating the Ti�:r.�to thns�u°�r.u7ty Insirumen�.If Lendc-r�.�etermin�that any pars of the Property is subject
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<br /> • ,• �. �i a lien cvhi�d�may att�in ut7�rity o�er this Security Instrument,i.endsr atay p,ive Borrower a notice i�►tifying t e
<br /> . ..�;�:r;�_�� � �_
<br /> •;��t`.;:, .. �. , . ;� I;,;r,.Enrro�•er shall satisf�r.1.•=1ien or take one ar more of the Zstians set fartl�above Mithin l0 days a�ine giving o
<br /> • '• '� j� notice.
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