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<br /> TQt3ETHBR WI'I'H ali ttie Im ravementa now or hereaftur eretted on the propercy,and r�ll eusements. uppurtenances,aud - r ,,
<br /> �� �{ flxtures now or hereufter u pat of the property. AQ replace:ments and udditlona shail nlso be cavered by this Securiry �;�,_�'
<br /> ' Instrument.All of the forcgoingla refened ta in this Security Instrument as the"Property." f' �
<br /> BORROW�R COVENANTS thnt Borrower is Inwibtly seised of the estnte hereby wnveyed and hns the rl�ht to Bmnt ttnd � '4''�",
<br /> convey the Property artd that the Propercy ia unencumbered, except for encumbn►nces of record. 8orrower wurrnnts ond will � _��`:
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<br /> defend generally the tltle to the Property again.gt nil claims und demnnds,aubject tu any encumbrnnce.4 of record,
<br /> . THIS SP.CURITY 1NST6aUMENT combines unlform covennnts for nutional us�und non-uniform covenants with limited � ��'"�
<br /> � •. � vuriuttons by judsdiction to comtitute a uniform security instrument covedng reul property. �?::�°
<br /> • ^ UNIFORM COVENANTS,Barrower and Leader covenunt and agree as follows: wr,::.
<br /> �- � ��� 1. Payment of Prtncipzil nnd Interest; Prepayment nnd I.ate Churges. Horrawer ahaU prompdy puy when duo the � ���,.,'.��.
<br /> ^'�"�� ' pr�nclpul of und interest on the de�t evidenced by the Nate and any prepayment and late charges due under the Note. � ���;.
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<br /> 2. Funds for Tnxes and In�mruttce. SubJect to upplicable law or ta a written w�iver by I.ender, @orrower ahull pay to r;
<br /> � �� Lender on tha dny rnnntiily payments are due undcr the Note,unul thc Note is paid 3n full,a Fum("Funds") far: tII)yearly taxes .�.`��'
<br /> '� � � and assessment»which may uttAin pdority over this Security Instrument as a lien an the Praperty;(b)ycarly ie�sehoid paymei►ts m-
<br /> ; �� �' or ground r�nts on the Property,if any;(c)yearly hazard or property insurance preminms;(d)yenrly flood insuruna premiums, _Y
<br /> .. � ;' ;�. . if nny; (e)yeae3y mortgage insurance premiums, if any; and(� uny sums payable by Borrower to Lender, in accordance wlth �._aw
<br /> ��' the provisionx of pacagraph 8. in lieu of the payment af murtgage insurance premiums.These items are culled"Brrow Items." A::f_
<br /> ;'�$"�� , � Lender may, at any time, callat and hold Funds in an amount not to exceed the maximum emount n lendar for u federnlly - -
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<br /> „ related mortgage loan may requlre for Barrower's escrow account under the federal Real Bstate Settlement Pracecfures Act of °_
<br /> •� `'�`� 1974 as amended fram timc to Urne, i� U.5.C. Sectton 2601 et seq. ("RESPA"),unless another law that Applies to the Funds _--,
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<br /> : , .,,• �� seta A lesser amount. If so, Lender may, at.any time. coliect nnd hold Funds in an umount not W exceed the lesser amaunt. _
<br /> � . i.cnder mny estimate the amount of Fwtds due on the basis of current datn and reasonabto estlmatcs of expendltures of futuc+e ..
<br /> ' ' Escrow Itcma or otherwlsa in aaordance with apPlicable law. '"'�
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<br /> The Funda shall be held in un insdtutton whose deposnte+ nre ineured by a federal Agency, inatrumentali _
<br /> (including Landcr.If L,endcr is such an inst[tution)or in uny Federal Home I.oan Banlc.L.ender shall apply the Funds to pay the _
<br /> Escrow Itcn�s.Lender may notchsuge Borrower for holding fu►d applying the Funds,annually analyzing the escrow aaount.or
<br /> ;P ' verifying the Fscrow Icems,usdas Lender pays Honower intemst on the Funds and applicnblc law permits Lender to make such
<br /> " ��'�, n charge. Howevcr.Lencler may�cquire Bonower to pay a one-time charge for an independent real estate tnx reportinB serviaa --.
<br /> ..,,' . used by Lender ic� connecdon with this loan. unless applicublc law provides otharwise. Unless an ugreement is mado or
<br /> - . ' ..� upplicut+le la�v requires Interest to be paid,I.cnder shall not be required to pay Borrower any intemst or e�rnin�s on tha Fund�.
<br /> �k- �.N`., , ���.�_� P P �y��r:n wri�ing; however.that interest shall be puid on the Funds. L.ender ehall give to Borrower.
<br /> ,� withoue charge. an wu�uul aca�untinII of the Funds, showing credits and debits to the Funds nnd tho purpose for which e�eM
<br /> ^Y;��,��;���;,�^,;: debit to thc Funds was mAde. 'Ihe Funds are pled�ed as edditlonal securtry for all sums securod by this Securiry Inst�ument,
<br />- If tii¢Furtds held by Lender excecd the amount�permlttr�to be held by nppliatble luw, Lender shall aocount to Bc�rro�vor
<br /> �:'�''�x������'• for the exceas Funds in ucmrd�►ce�vith the requirements of upplicable Isw. If the nmount of the Funds held by i.enda7 at eny
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<br /> :_��t_>_: _ , time is not sufficient to pay ti�e Escrow Items when due,Lender may so notify Borrower in wrldng,wtd,in sucS�cnse ano�ver
<br />===r�;,�'r'„�_-''',�`",� .� shatl pay to I.ender the nmount necessary to make up the deficiency. Borrowcr shall muke up tlie deftciency in no mom thnn
<br /> ""P°''"�""�J twelve monthly puyments.at Lender's sole discretion.
<br /> ,;.,,�,'��'` � Upon payment in full af all sums secured by this Security Instrumsnt, I.�:nder shall promptly refund to Borrower any
<br /> =:�',�_�_h-r�"� Funds held by Lender.If.un�der paragraph 21,Lender shnli acquirc or sell the Proparty,Lender,prior to the acquisitfon or sule
<br />=��?=�"�'��,� of tho Property.shull upply any Furtus held by L.ender at the time af acquisitlon or sale us u credit n�uinst thc sums sesumd by -
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<br /> __ = � this SrxurIty Instrument.
<br /> ���:-�;�.. 3.Appltcutton o!Poyment�.Unlesa upplicuble law providos othenvise,a11 payments rocetved by Lender under pum�raphs
<br /> •--�--�-�-�=r� I and 2 sh�il be applied: first,tm any prepayment churges due under the Nat�: second.to amounta puyable Q�ndcr pumgmph 2: _
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