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<br /> pF•R�CORI��B '.
<br /> TO(lS'TNER W 1TH all the i mprovemente now or hereafter �rected on tho prnp�rty, und oll ec�en�entr�,
<br /> . appunenences,und tixtur�now or hams4ter a part of the property. AI�repincements nnd additiuns ehnll t�lso h�cavered
<br /> by this Seaurity Inatrument.All oi the foregoing Is reterred to in this Securtty Instrument nA the"Prope�ty."
<br /> BORROWER COVENANTS that Borrower is lowfully ssi6ed ot the estate heteby cunvey�d and hus the rlght to
<br /> , grnnt und canvey the Property nnd thot tho Prop�rty ie unencumbsted�except for encumbrnnc��f recnrd. Harrnwer ,-
<br /> warcante and�vill detend genetally thv tltle to the Property ageinst all claims nnd demands,�ubject to uny encumbrance.v ,�L y
<br /> otrecord. �
<br /> � 'l'NIS SECURII'Y [NSTRUME;�17'combines unitorm covennt�u�or nutlonr�l+�se nnd non-imiinrm rovennnw with .�t _
<br /> limtted vatiattona by jurtsdiction to constitutea uniform security instrument covering reF►1 prapacty.
<br /> UNIFORM COVENANTS.Bonower and I.ender covenantand a�cee ns foHawa: "•T�,;:;
<br /> =,,;,;�-�t�' I.Payment of Princlpal and Interest;Prepayment amd Late Charges. Borrower shull promptly puy when due .,:_
<br /> . the princlpsil of and interest on the debt evidenced by the Note and any prepaymCnt and late chArge9 due under tho Note. '_�,�,w�:
<br /> 2. Fuads tor Taaes aad Iusueence.Subject to applicable law or to a written waiver by Lvnclar, Bonower ehal! _
<br /> ay to Lend�r on the day monthly paYmenis ara due under the Notd,umit tho Aota is patd in full,a oum("Punde")tor. _'-__'
<br /> ' (�a) yearly taxes and essessments which may attain prtority over this Security Instrument ns a ilen on the Ptaperty;(b) __
<br /> a yearly leasehold paymenta or graund rents on the Property,if any;(c) yearly hazerd or propertY influrance premtums; =°_
<br /> , (d)yearly flood insurance premiums,if any; (e)yearly mortgaga insurance premiums,it any;und�4')any suma puyable r�-
<br /> by Borrower to Ljsnder,in accordanca with the provisions o!paragraph 8,in lieu oi the payment of mort�age inaurance � ,�
<br /> � premiums.Thesa ttems are called"HSCrow Items,"Lender may,at any ttme,coltect und hold Fundas in un amaunt not �_.,
<br /> ' to exceed the maximum amount a lender for a iederally related mort$age loan may require ior Horrowe*iZ U.S.C. ��
<br /> ,��_ account under the tederal Real Eet�ita Settlement Procedures Act ot 1974 as amended irom time to t�me, `-
<br /> ` �� Section 2601 ei secp. �"�PA"��unle�another faw that applics to th�Funds seta a le�ser em�a►n�.If so,Lender may. _ __
<br /> :y. at any time,collect and hold Funds Yn an amount not to esceed the lesser amount.L.ender muy est�mau the amaunt of F..
<br /> ��:��'; � Funds due on the basls of current data and reasoneble estimatea of expenditurea oi future Fr,crow iceme or otherwisa in -_
<br /> �;"�''j•• � accordance with applicable law. �""�
<br /> „ f,S- F.:,
<br /> Tha Funds shell bo held in an institution whosa deposIts are�nsured by a federal agenay.inatrumenwlity�or entity -=
<br /> � ,�� (including Lender,li L.ender is auch an inetttution)or in any Federal Homa Loan Bank.Lender ahnll apply tha Funde to �_
<br /> ,,�;>: p a y t h e E s c c o w I t e ms.L.ender ma y not charga Horrower for holding and appiying tha Fundo,unnunlly anatyaing the �
<br /> �;��'i' escrow account.or vetitying tha E.satow Iteme,unless Lendes pays Bottower interes t on t h e F u n d n a n d a p p l i c a b l e l n a
<br /> •.j;+t•:�� Lender may require Borrower to paY a one-tima charge for en
<br /> ,����.�c. , �ermita Lender w make such a chatge. However, _-_
<br /> �ndependent real estate tex r�pflrting srrvice used by I,ender in wr�neation with thiR loan,unless applioable lnw provides -�-
<br />- � othetaise.Unless an agteament ie �ttade or applicabla law requites lntet+est w be psid.Ler►der ehnU not be cequit�ed to
<br /> � pay Borro�ver any ia�4erest or earninga on the Funde.Bonower and I.�m�ler may agrea in adting,hawaver.that in�t
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<br />=� ';. ' ahall be paid on tha Funds.I.enda �l�nti�i:%a to 33orra��r.�ithauL ctiarge.en en��t�t accountin�oi thc Funds,ehowing
<br /> ;� ,��;,�!;, credita und debits to the Funds and tha purpose tor whi�h each debit to the Funds wns made.Tha FLnds ere pledged ns
<br /> , �;,{i � ad�itional security tor all eums secured by this Securtty IInatrument.
<br /> ' '���'!' .If the Funda held by Lender exceed tha amounte perm�sted to b�hold by applicabla laa.Lender eholl axaunt to
<br />>`;,.:.:, ;;�,. . Bo�roaer tor the excess Funds in acoordance with the requirements ot appltcablv law.Ii the amount of tha Funds held
<br />_�.;,,•1..�,,,., by Lender at any time is not sutticient to pm,y the Escrow Items when due,Lender tnuy so nodfy Hanrowor in wridng,
<br />��� ��_�� and,in such cese Rorrower shalt pay to I,ender tha amount necessary to maba up tha deticienay.�nraowor shdl moke
<br />:��'^•y{�;��%:': .: up the deficiency in no more thnn twelve monthly paymentn,st I.ender's snle discretlon.
<br /> " � Upon payment in full 04 all aums secured by this�e�urity Instrument,Lender shall prompdy rofund 4o Borrower
<br /> -� ` ''�" any Funda held by Le�►der. It.under paregraph 21, L�ender ehall acynlre or sell the Property. Landor, prior to the
<br />- ,'• � acqulsition or sale of the Property.shatl apply any Funds held by Le�der at tAe time o4 acquiaition or sale as c+credit
<br />''-,:�.'--_-::'�.� against tha sums secured by thiaSecurity Instrum�ent. �1 �ym���ved by Lendcr under
<br /> m...�-=w., 3,Appldcattcoa ot Paymeats.Unlesg appltcable laa pmvidea otherwise.
<br />��`"�'!T"':�j parographs 1 and 2 ehall be applied:first,to any prepaYment charges d�a under the Note;eocand,W amounta payable
<br />�`"��°-n^;.�; under psiragraph 2;third,to interest due;fourth,to principal due;and last,to any late chatges duo undor tho Alote.
<br />.�=.,���=r:,,�- 4pChsrges; Liens. Borroxer shall pay all taxes, assessmenta,charges,fines end tmpasitione nt�ribtrtabla to the
<br /> ar�i
<br />�;;tt;`'��,;:. Property whtch may nitnin priority over thia Security Instrument, and leasehold paymentR ar ground rents, i any.
<br />_.p �;."�m Borro�ver ahatl paytithesa obligations in t4a�manner provtded In paragroph 2, or ii not paid in that maaner�Eorrower
<br />'''`:-��r°4='•� sha31 pay them on uma direotly to the person owed payment.Bonower shall pmmptly fumieh to LenBor uil notices ut
<br />_"""a���; ��� amounta to be paid under this paragr�ph.It Borrower rnakes these paymenu directly,Borrower sh�11 promptly furniah
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<br />_-;.�.._._:., to Lender receipu+evtdencing thepuyment�.
<br /> �``�x= Aorroaor e9►a]I promptly discharga aoay lien which has priority over this Secur�ty Ic�smument unlus�Borrower.(a)
<br />-��� agces in ariting 3.�the,�:tyme�t of the obtigation secured by d�a lien in a maru►er acceptablo m Lend�r,(b)cantesta in
<br /> .ia—'������� gr,r,ct fe{tih the lien bY,or��telida aguinst entorcemen�of the lien in,legel proceedinga whlah in tho I.ender's opinion
<br /> _-" ''� operate to pravent the enforcement of the iie�r,or(c) secu�frc�m the ho[der af t6e iien an a�iiant ssiistsctnry!o F�_
<br /> •�'�'�'�'�- I.ender subordinating the lien to this Socurity Instrumt+nt.If Lender determines thnt uny part o�tho Property is subject
<br /> "�� �+ to a lien which may attain priortty over t�is Security Inatrument,Lender muy give Bcirro�ver n nodca tdentitying tho
<br />_- � lien. Borrower shall satisfy the lien ar tnl��one or more of the actions set torth above withln ]0 duya ot the giving o4
<br /> .'.';;;' notice. ..- .
<br /> _ •��;��.
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