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<br /> � . � ' TOpE'I'HER WITH all tho lmprovementa now or herenfter erected on eho property.nnd all easements,�ppurtennnces.nnd
<br /> fixturca naw ar hereaRer a part pf the propecty+. All nplacements and ndditions ehall ulso bo wvered by thie Secudty e
<br />, ,�;�, Instrument.All of the foregoinQ ifi referred to in thls Sccurity Inst�ument as the"Fmperty."
<br /> BORROWf3R COVENANTS thut Borrawer is lawfi�lly refsed of the estate hereby convcycd und hua the right to grnnt u�d
<br /> � sonvey the Praperty nnd that the Property is unencwnbered. except for encumbmnces of record. Harrower wnrrants and�vill
<br /> .� � defend genemlly the Ude to thti Property Agalnst uU claim9 und demand.g,aubJcxt to uny encumbrnnces of recard. -
<br /> -`��} � TH[S S�+CIJRITY lNSTRUMENT combines uniform covenunta for nntfonul use and nan-unlform covennnts wlth Hmtted
<br /> - variatluus by jurisdIcttan io canstitutc a uniform security Instrument covedn�r�nl pmperty. �_
<br /> '"' V UNIFURM COVENANTS. Bnrmwer and Lender covenunt nrtd agree as follawR:
<br />`:tif 1. Po,ymeat of Principul and Intcrest; Prepayrnent uc�d Lute Charges. Bonawer shall pmmptly pay when dae the
<br /> -' -= principal of and lnt�rest on the debt evIdenced by the Nate flnd any prepayment nnd late charges due under the Note.
<br /> ���� 2.Ftiuds for Tnxes and Iasurnqce. Subject to npplicuble law or to A wc�tten wuiver by l.ender, Borrower shall pny to
<br /> ` ,.,.� Lertder on the day monthly paymonts are due under the Note.unt�l the Note is paid In thll.a sum t"Funds")far:(u),yearly tuxes
<br />•i•�•� ,r and assQSSments which cnuy attain priority over this Securlty Instrument ua a tien on the Property:(b)yearly leasetnold payments .
<br />-��.c'-r or grourtd rents on the Property,if any;(c)yeurly ha7ard or property insuronce prerrdums;(d)yearly f�ood lnsura�ce premiums.
<br /> `"`� if any;(e)yauly mortgage inaurance premiums,if any:and(��rry sums puyuble by Horrower to Lender, in accordaace with
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<br />�``°���� tha provisiona of pan+graph 8.in lieu of the payment of martgage insusunce premiums.These items are called"Escrow Items."
<br />���.,�'�'•� I.cnder may. at any time.collect and hold Funds In an amount not to exceed the mauimum umount a lender for a federally
<br /> -�'� reinted mortgage loan may require for Borrower's escrnw uceount under the feileral Real Estate Settlement Ptoc,edurca Act of
<br /> ` 1974 as amended from time to tlme, 12 U.S.C.Secdon 2601 et seq. ("RESPA").unless another Jaw that appltes to the Funds
<br />--==�� seta a lesser amount. If so. Lender may. nt ar�y cnme, col[ect and liuid Fur�ds in an emaunt not to csceed the lesser amount. �
<br /> �M - Lender may estima:�the amount of Funds due e�a the basls of current daus u¢d reasonable esdmates of eapeaditures of futuro
<br /> Eserorx It�ems or otherwlse in accordance with appllieable Inw.
<br /> .�°�'� '!�4 Funds ahall ise held 'em an institution whose d�pasets are insured by n federnl agency. iz�strumentaliqr.or entity
<br />-:;;�.� (incla�3s�g Lender.if Lender is sucA an institution)or in sny 1Federa(Home Loan Bank.L.ender ehall apply the Fian�s to puy the
<br />`� -- Escraw Items.Lender may not charge$omower for holdin�and applying the Funds.annuapy analyzinp,the esccc�w acxount,or _
<br /> "� verifyIng thES Fscrow Items,unless Lender pays Banower Interest an the Fuads nnd upplicable law permit�Lender to mnke such
<br /> x� a chn,rge. However.Lender may�require Horrower to pay a one-tlme charge for an independent real estate tox reporting servlce
<br /> "� used by Lender in wnnectIon wiz,h �his loan, unless appiicsble law pravides otherwise. Unless an agrecment is made or
<br />�;�;�� npplicable law requires interest tc�ba gaid,Lender shall noc�tc rsquired to pay Eormwar any interest or eumings on the Fun�s.
<br /> - Borro�ver astd Ixnd�2i tnay ugm.e in wrlNng. hnwaver,that inlerest shall!�paid on tho Funds. L,ender shnll give to Borcower,
<br /> _ without charge� an nn�uoi accounuag v€t1�� �u�i�s.S�iOw'�ii�CfC�dlt"v ��1�!°f0!hC FltllSl9 8A� !�'��i�'• fnr whieh c3eh .
<br /> — debit to the Funds was made.The xunds ure pledged as additicma!security for all sivas secured by Wia Security Inauument.
<br /> -- If the Funds hald by Lertder�eceed the amounta pemu3ted ta be held by applicuble law.Lender shall nr,00sun to i�orrower
<br /> :�;;;�„�: for the excess Funds in accordancs wIth the r+equirements ofr�p�licable law.If the amount of the Funds he�d by Lender at ony
<br /> � - tlme ls ctoi su�clent to pay tho Escrow Items when due.Lender muy so notify Borrower in writins.and,in such case Bortriwer
<br /> shsitl pay w L.ender the amount ne�ce.�sary to make up the deficiency. Borrower shall mnke up the deficlency in no more th.su
<br /> � twelve monthly paymente,at Lender's sole discrction.
<br />'-">r;�� ifpon payment in fuil of a9S�sums secured by this Secudty Insuument, Lender shull prompdy neihnd to Borrower any
<br /> `�'.�.� Funds held by Lender.If,urtder�uragrnph 21.I.ender shall ucquire or sell the Property,Lender.pdor to tha acquisition or sale
<br />;�.;��; nf the Property.shall upply any Funds held by Lendcr at the time af uoquisldon or sale as u cmdit ngainst the sums secu�d by
<br /> -- this Secudty Instnim2nx.
<br /> 3.Appltattiorz a�Q�Y�nents.Unless appfics8le!aw provtdes otherwisa,al1 paYments�eceived by Lender urtder parngcuphs
<br /> --_ - 1 and 2 shuit be�pplfed:flrst.td�ny prepayment char�es due under the Note; sr.cond.to umounts payable wider parngrnph Z; •�� ,�
<br /> "�>:r,�,' third.to interest due:fourth,to�z3ncipal due:and last�to tuny Drne chatges due under the Nato.
<br /> :::;`�� A.Chacges;Llens.BOITO���C7 57k1II�1fly Si�I[AXCS� asses.gments.chazges.fines und ir�'rgnsi�ions umibutuble ta th�Prnperty
<br /> : which muy attain prtortry over ti�ia Security dnsRZtunent,and leasehold ps►yments or ground rents, i�any. �arrowc7 shnit psRy
<br /> � .;, these obligations in the mnnrter pcvvided in parag��ph 2.or�f not paEd in that mnnner.Borrower sl�:iaQ pay them on time directiy
<br /> - - - to the person owed payment. (3ur,wwer shatl promptiy fumish to Lender all noticcs of amounta to be.qnid u�dcr thts pamgruph.
<br /> '�"�•' If Bo�mwer mnkes theso payrRea aailtectly.Burrowcr shalt promptiy fumish to Lender reccipis evideri��ng the puymenta.
<br /> ��`�'_r�� Borr�wer ahall prompily discFtnrge any lien which hos pdority over this Socurity Instiument unless Borrower.(n)agrees in
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