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<br /> TOOr'fHBR WITH nll the improvementn na�v ar herenfter erected an the pmpeny.nnd all easements,appurtennnces.ond �
<br /> fixture�naw ar hercafter u pnrt af thc property. All rcplacemente cutd ntlditians sh�il ulso bc covcrcd by this Sccurity f�:;��
<br /> Inatrument.All ot tho foreBoinA ia refcreed w ln thia Security lnatrument ns the "Property." ,r,,' ,
<br /> BORgtOWL�R COVBNANTS thnt Boerower is lawfully seised of thQ estntc;hereby conveycd nnd hus tho rlIIht to�rnnt nnd :':•;;�
<br /> ' convey ihc Progerty nnd thac the Property is u�tencumbered, except far encumbrnnces of record. Barro�vcr wnrrants nnd will �,°
<br /> ' � defend generally the tltle to the Pmparty against nll cluims and demunda,subJect ta any encumbrances of rc�coM. �"'�"
<br /> - THI� SECURITY rNSTRUMRNT combines unifonn ci►vcnnmR for nntianul use und non-uniform covcnanta�vith limitcci �
<br /> . vnrintians by jurisdtctton ro conatitutv a uniform accudty instntment covednB renl prop�rty. !;li�'=�"
<br /> ' UNIFORNI COVENANTS.Borrower and Lender covennnt i►nd c�}ree as foilows: -
<br /> "_.,., 1,Pnyment of PrlacipAl und Interesti 1h�epnymen9 ond Lnte Charges. Borcower shall promptty pay v,hen due th� _
<br /> • principal of nad intetest on W�e debt evldenced by the Note nnd nny prepAyment nnd lnto chnraes dua under the Noto. •_,:;,
<br /> � Z,I�'dnds eor Taxes nnd Insurnnce. SubJect to npplicuble Ia�v or to n wrltten wniver by l.ender, Horro�ver shN!phy to
<br /> �� � Ixndetan the day monthly payments are dua under the Nota,until the Note is pA1d 1n ftill,a swn('Fuads")for:(a)yeurly tuxes , -
<br /> ' ` s3nd cissessmenta v�hich muy attuin priority over chia Seceuity InEtcument as u lien on thB Properry;(b)ye��rly leasehold paymeats
<br /> or Bround rents on the Pmperty,if any:(c)yearly hnxnrd or property insurnnc�premiums;(d)yearly floud insurnnoe preminms. ��_,;_y
<br /> � if any;(e)yeerly mortgage iasuraace premlums. Ii uny;and(�any suma pnyable by�orrower to l.ender.in ucoordnnce�vlth -
<br /> the mvl�ions of nia rn h 8.Irt lteu of the n ment of mort uge insurance remiums.These ltams tua cNlcd"Escrow Items." ��1^,��
<br /> ' �: P P II P P Y 8 P , r-
<br /> l.ender may,at eay time,collect cu►d hold Funds in an omount not ta excced the msucimum umount a lender for a federally ��,�_
<br /> � related aaortgage loaa mny require for Horrower's escrov�exount under the fedeml Real Estute Settloment Procedures Act of _
<br /> � IR74 m amended from tiwe to c(r►te, 12 U.S.G Sectfon 26Q1¢t seq. ('RFSPA'?����Q�er!aw thet a�p8es tci the Funds _
<br />= sets a lesser t►mount. If so. L,euder uuiy. at any tlme. collect and hold Funds in nn uruount not to exceed the Icsser surtoupt. ' -
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<br /> • Lenc4er may es�lmate the amount of Fuuds due on the basis of curnnt dam and reasonable estIm�tes of expenditures of Poture e-
<br /> � Escro�v Items or�thetwlse in accordance wiUl applicable Inw.
<br /> ° 7Ue �Cds shell be held in an inadtution whose deposits ure insured by a fcderel agency. instnuaentality. or eadty ��=.
<br /> �` � ([ncluNn�Lcnder, if Leader ia such an Wstitution)or in any Federal Home Loan�aak. Leader ehall apply the Funds to pay the
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<br /> Fscrow Items. I.ender may croz chsirge Bortower for holding nad applying the Funds.unnually aaelyzinB the escmw+xcouat,or _.
<br /> • . vetifying the Escrow ltems.wiless L,euder pays 8orrower interest on the Funds aud applicable luw ltera�its l.ender to►nake such �:.'-`-
<br /> a charge. However.Lender may require Borrower to puy a one-Wne chs�rrge for an independent real rstate tex reporting aervlce -
<br /> usod by I.ender[n conaection �vith this loan. unless applicnble law pmvides otherwise. Unless ea agreement is made or �_
<br />�;,�,;`� i� applicable law requires Wteicst tc�he paid.Lender ahall aot be required to pay Borrower eny interest or eamings on the Fuads. —_
<br />=-': �rma�,,»r aad I.c�i�r saa3�:,..i:s.°r4tlug,ho:��yer� �A�r��tRsrcr ahall he paid on t�e Funds. I,cnder shall sive to Sarrower.
<br /> �`.';;��w;J� �� without charge.an annual a�ou��t�ng of the Fnada, sho�ving credita und debita m the Funds nnd the pauposs for which each =
<br /> ';,,� �'� debit to the Funds was made.71ie Funds nre pledged as addidoaal securiry for all sums secured by this Secrdty Iasnument•
<br /> Itthe Fuads held by Leadcr exceed the Rmounts permitted ro be held by epplicable law.I.cnder shall account to Borrower
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<br /> '"�'��� ' ffor tha eacess Fuada in acoua+drstce w i t h t he requirements of appltcabla law. If the araount of the Funds held by I.ender at any
<br /> '�'"'i''i' ' ,� nc�na is aot sufficient to pay t��acrow Items when due,lfender may so nodfy Borcowea ia writing,and,in such cnsE 8orrower
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<br /> '.�'�»��'°.;, n3��b7 pay to Lender the aznounl aeces.gary to make up th�de�ictency. Borcower shulD rraake up the defici�ncy In mm more thun _
<br /> „ �. ,:�f��, twelve monthly paymenta,at Lender's sole discretion.
<br /> :, ��?Y Upon payment in full of all sums secureil by this Securiry Insm�nent. I.ender ahatl pmmptHy iethnd to Borrower any
<br /> 1 -���R{'t�'.���f Funds held by Lender. If,under pcu�agraph 21,Lender shuil acquire or sell the Property,Lender,prior to the ucquLsitioa or sale
<br /> " �'���`' � �4 tfi�e Praperty.shall apply twy Funds held by Lender at the dme of acquisition or s�le na t►cred{t agaiast the sums secured by
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<br /> �3s�aurtty Inatrument.
<br />_`'`"�`', '' 3.Applicndou oi 8ny�nenta. Unless applicable Iaw pmvldes otherwise,all paymeats received by I.ender uader paragraphs
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<br />_ , ..�;�,, �•; 1 aud 2 shali be ppplied:firat,to any prepayment charges due uader the Note;second. to�unounts payable uader paragraph 2; _
<br />'- thir8,to inte�st dane;founh,to principal due;and last.to any late charges due under the Note. ___.
<br /> .o , . 4.Chatg�; Liens.Borrower ahall pay a11 texes.assessments.cbarges, flnes nnd impasitfons atMbutable to tbe Property .�.::
<br /> - '�� � ahi�6 may attain prlorIry over this Securiry Inauument. and lens�chold payraents or gxound xents. if any.Borr�►wer shall puy _
<br />�;; •° these abiigatlans tn the menuer pmvided in para�raph 2,ar if not paid in Wat manner.l8oaower ahall puy them on dme directly �`
<br /> , to theperson�wed payment. Borrower shall promptly ti�rnish to Lender all notices of aa►ouats to be paid undee this puragraph. _
<br /> - L If Bocrower�ukes these paymenta direcdy,Borrower shall promptly fiunish to Lender receSpts evidenclag the paymenu. _�___
<br />-�°'``-'�'"". Horzo�eet shall promgtRy diicherge Pny lien wMch hav prForiry evsr thia Security Instn�mera ualess Borrower:(a)agree,s in �
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<br /> ;;.;;r vYdlting co the payment of the obligation sectued by the lien fn a raanner acceptable to�I�ernler;(b)contests ir;go�l?alth the lien � ___
<br /> " � ' by, or defeads against enforcement of the lten [n, legal rrhaeedings wblch u� the Y.ender's opl�ion operate to pre�ient th� _
<br /> � � � � enforarnent of�h�lien;or(c)secura from the holder of the lien an a�4cera�nt satiafactory to Lender subordlnatin�We Ixen t� 6__
<br />= �. � ,��.� �fiis Security Iasavment.If Lender determines that any part of the Property is subject to a lien wbicA may att�in priorlty ovea� �-=
<br /> � '�t �ihis Socurity Instrument,Lender may gtve Borro�ver a notIce identifyinII the lien.Borrawer sh�ll sutt3fy the lien or take one or _4;
<br /> •� � ; rnor�e ot the actioas set forth above�vithtn 10 days of che g[ving of notice. °r
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