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<br /> � � �_ TOt3ETHEti WITH�►Il the Improvements aov�ar hereaRet�rected on th�propecty.ond aZl eusementa.appurtenurtces.and
<br /> � fixtures no�v or hereutter a pzet of the progerty. Ail re�lacement� und edditlon9 shall ulso be coverad by t!►ia Sacudry � �__
<br /> '"��� Instrucnent.All of th�foreBoinII ia referre�to in thla Secudty Inatrument cu+the"Property." :
<br /> � °' BOARO�'VEti COVENANT5 thnt�onower ls Inwfully seised of the eswte hereby conveyeif und has the rf�ht to gmnt nnd �, _
<br /> � convey the Propepty and that tho Property ls unencumbered.except for encumbrunces of record. 8orrower wurrnr►ts nnd will � _
<br /> .,:�;F�_.��.:��, defend generally the title to the Property ag�inst�II clair;is wc.i demands,eubject to uny encumbrances of rewrd. -
<br /> THIS SECURITY IN3TtiUMENT combirtes untform covenanta for nudonnl use nnd non-uniform covertun�v with lim{tad � .
<br /> vaeiatious by ju�Sfid[ction to wnstitute a+uilform securlry instniment cover�ng real pm�rty. � � -
<br /> .-:, _,'�� UNiFORM COVENANTS.8orrower and Lender covenuttt and ogree as follows:
<br /> . 1. Anyment of FriQdpnt nnd Inten�esf; Prepayment and Lu4e Cpwiges. Borrower shall pramptly puy when du� the
<br /> ti I�-`""=�- princ;pal of and interest on the debt evidenr�by the Note aad any prepaymer.t und tate charges due urtder the Note.
<br /> - 2. I��t d s f o r T a x e s a u d i n��n�.S u b j e c t t o u p p l i c a b l e l a w o r t o a wrttten waiver b y L,ender,Borrower shnll pmy to
<br /> _ . �,� Lender on the day monthly payments sue due under the Note.until the Note is paid tn full,a sum("Funds")for:(a)yeurly tuxes
<br />,_?.x.�:,; end assessments which may atts�i»priodty over this Security Instiument as a flen on the Progerty:tb)yearly leasehold paymenta
<br /> _ or gtouad nents on the Properiy.If any;(c)Yearly hazard or pmperiy insurauce premiums:(d)Yearly flaod insurartce premiums,
<br />_-_ +' if any; (e)yeurly mortgage insurance premiums,if any; aad(�any sums payable by Horrower to Lender,in accordanae with
<br />,`�;�r;ll;�y:,l.;� the provisions of paeagraph 8,in lieu of the payment of mortgage insurance premiums. These items are called "Fscrow Itams."
<br /> �� ' Lender may,at any time. oollect and hold Funds in an aznount not to exce�the maximum amount a lender for a federally
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<br />--;M�„�;.�;,� related mortgage loan may require for Borrower s esrrow account under the federal Real Fstate Settlement Procedures Act of
<br /> =��`�f''i� 1974 as amended from tima to time, 12 U.S.C.Secaon 2b01 et seq. ("RESPA"),ualess aaother law that applies to tha Funda
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<br />_`.==�`;:'�.:;;`.- sets a lesser amounL If so. Lend�r may, at any time, coUect aiul hoid Fuuda In an amount nat ta exceed the lesser amous�t. .
<br />`�-°---�'���"`�``" Lender may estimetc the amount of Funds due on the basis of cunent data and reasonable estimaces of expenditures of futune
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<br /> '� '':';::>`;'+,�t,. Esccow Ttems or otherwlse in aca�rdance wlth applicable law.
<br /> ��-:.��:?��'i:7�,_ Tho Funds shall be held In an institudon whose deposits are insured by a federal agency. insuumentality, or emtity
<br />:___:w:tx;�=` (Including Lender,if Lender is such an Insd�udon)or in any Federal Hozne I�oan Banlc.I.ertder shall apply the Funds to pay the
<br /> Escmw Items. L,ender may not c6arge Borrower for hol�iing and applying the Funds,annually analyzing¢�►e escrow acoount,or
<br /> =-'�'�'� ver�fying the Escrow Items.nnless I�ender pays Bomuwer interest on the Funds aad applica6le law permits I.eader to make suob
<br />___------ - a charge.However, Leader may require Bormwer to pay a one-time charge for an independent real estate tax reportin�service
<br /> -:-_--__ used by I.ender in connection with this loan, uniess applic�ble law provides otherwise. Uciless an agreement is muda or
<br /> --=.� applicabla law reqiaires interest to 6e paid.Lender shall not be cequire�to pay Barrower any iaterest or eamings on tha Funde.
<br /> '---- — Borrower and Lender mny�agree in writing,howover.that interest shall be paid au the Funds. Lender shall�ive W.Bomow�ar,
<br /> - ----- without charge,an anr►uai aaouniiag ui'�o riuuia.st-�uw-L-�g cr�iis a�tt3�rk3s� ta�she F�1s�ds�t�e���r�n�for �vhlab:e�h
<br /> --- Y:`=� debit to tho Funds was taade.The Fnnds are pledged as additfonal se�urity for all aums securod by this Secuxity Insmim�t.
<br /> ---�-- If the Funds t►eld by Ixnder eacceed the amounts permitted to be held by t�pllcable law,Lender shall accouat to���wer
<br /> for the excess Fnnds in accordance v�ith the requirements of applicable law.If the emount of We Funds beld by I.ettder at any
<br /> time is noi sufficient W p�►y the Escrow Items when due.I.snder may so notify Hortower in writing,and,in such caso Borrower
<br /> shall pay to L,ender tha ttmmount necessary to make up the deficiency. Bomuwer shal!mnke up the deficie�cy in ap•mare thtm
<br /> twelve monthly payments.at Leader's sole discrecton. •
<br /> �2;;� Upon paym.ent in fu11 of all swns secured by this Securlty Insbrument, Lender shall promptly refund to 8orrower any
<br /> � Funds held by Lender.I�,t�nder para�raph 21.Lender sball acquire or seii the Property.Ixnder.prIor to the soquiridan.or sale
<br /> of the Property.shalll ppply any Furtds held by Leader at the time oP acyuisition or sale as a credit against the sums sacum�d by
<br /> this Secudty Is�stn,�ent.
<br /> 3.Applicatton oi'P�m►eats.U»less app![cable law provides otherwise,all payatenis reaeived by Lender unsler p�t�t�ptis
<br /> 1 and 2 shall be applied:f:ust.to any prepayment charges due under the Note:second.W amounts payable under paia�raph.2;
<br /> — third.to Interest due;fowlb,to principal due;and last,to any lute charges due under the Note.
<br /> —° A.Charges;�.iens.:8onower shall pay alI taxes. assessments, charges. �ines and impositions atiril3u�abla to tttb Property -
<br /> . which may attain priorlty over tbis Security Insuument,aad leasebold pay¢�tenis or ground rents, if t��y.Borro�von sliall pay
<br /> these obligations in the manner prnvided in pacugraph 2.or If not paid in that manner.Bortower shaU pay•them on time directly . •
<br /> _.____._.:._Va w the person owed payment.Borrower shall prom�dy fvmish to Lender all notices of amounts to be paid under this ptuagraph.
<br /> � If Borrower makes these.ptryments direcdy,Bornuwer shaU promptly fumish ta Lender recei�ts evidencing the paym�ts.
<br /> - Bon+ower shall promptly discharge any lien which has prlority over this Sc.cwriry Instrument unless��tower.(�agrees ia �
<br /> _-" n:;�g ta the i.:.;�t,uf iLC��L�on eccured by the lten in e manner acxepis�Ye w I.ender:(b)oonteses in goad faith the[Ien
<br /> ` by. or defenci.c again+t c,�fueee�tent of tkc ![ea in, lega! proceedi�gs whieh in the Lender's opiaion opeiate ta�prevemc�►e �
<br /> entbrcemant of the lien;or(c)secunas from the kolder of the lien an agreement saNsfactory to Lender subardinstin�t�e ba�n to
<br /> — tlus Sacurity Instrument. If Lender determines that any part of the Property is subject w a Iien which may attaimpriority over
<br /> this Securiry Ins�umeni,L.ender may give Borrower a natic�identifytng the lien.Bornower shall satisfy the lian.or take one or
<br /> --- ----- more of the actions set forth abave within 10 days of the giving of notice.
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