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<br /> Toc3err�R wr,7i.0 ua impro�na now a nero�aec e�ecua on ub p�►.�na d�e�cr�,1�.��A�oa, �
<br /> � and fiatura now or 1�Ret�p�tt of tho property. All mpl�ccmenu atd�ulditlans�hdl�Iw be oovarod by Ibi�Seawity
<br /> I�Wn�ma�� All of tho toregoia�i�refeirod W in this 3ecurity Inwrumenl u the"Propmty."
<br /> HORROWBR QOVENANI'S tluU Borrowar i�I�wfuliy seised af�pe�sUUe M�eby convcyed a�d has the rl�ht to Qrant
<br /> �nd canvey the PropeAy�nd th�t ihe PmpeAy ie unancumbe�ed.axcept far a�cumbnu�ocs of rocord, Bamnwer w�nu md
<br /> wNi defond�eaaally ttio dtb to the Properly��inct�II clunu and dan�aAs.wbject w my encumbnncc�M roc�nd.
<br /> �"""`�'�'��"� 7'H19 3BCURITY INSTRUM�iNT cr�mbinon unifomn ooven�nu for natiawl use and nwwniform covwwnw wflh
<br /> Wpited e�ui�liant by Ju�irdiclbn w ca�wltuto a uniform securlty inurument coverjn��al propelty.
<br /> _ __- IMtPORM C�OV8NAN1'S. Borrowcr ud Lertder covctunl and agroe u fdbws:
<br /> ,�� 1. Payn�t at P�Ncipd Md INerpti Pr�P�fae�t�d L.de C1arp�. Bo�owcr�hall P�P�Y WY whai due�he
<br /> - ---- pdncip�I ot�nd in�ercW on�he deb�evidrnc�d by sM�Nae and�ny pep�ymeni wd Iwre cha�ea duo under�ho Nao.
<br /> 2, Fhnd��or'IL�t�lawranca Subject toapplic�ble law or w a writtcn wdver by Lcnder.Bamwer sludl p�y to
<br /> _. _-_ - _�____ I.endet an the d�y monlhiY p�ynrcnt��re due under�he Note.unul tl�c Nau i�p�id in tull.a wm("Aund4")for:t�)Y�Y
<br /> uuces�nd asQarrmenu whkh may�t�ain priorlty over thir Securiry Inspumont as a Ikn an the PropeRy;(bl YcAdy Icuchold
<br /> p�yment� ar ground �enta on the Prnperty. if any; (c) yeariy hAZaM ar praperty inwranca pamiums; (d) yeuly flood
<br /> � incuranoe promium�, if�ny;(e)yeArly mort�age ineu�premiums,if any; and 1� Any suma pay�bk by Bomower to
<br /> Leeder,in Accandwica wlth the provisians of puagrnph 8.in lieu of thepaymcnt of mortgAge iasurnnce pn.�miums. These �
<br /> �"'�� itcmr ate cellcd"E.gcrnw Items." l.endcr may.et any time,callect and hold Funds in an amount nW to cacad the maximum - -
<br /> • `;`:'_�-
<br /> _ � amount a lender for a federally relpted martgage toan may�qui� for Borrowerl�escrow acconnt under the federa!Rad -
<br /> - -` R,�ete Settlensent Proccdures Aci uf i9T4 na wi►�nded trom tlme ta titne.l2 U.S.C.4 260!et seq.("RE.9PA").unle�s saother �_.
<br /> --,
<br /> - - - --- - law that applics to the E�nds sets u lesscr amount. If so.Lcndcr may,at any time.collect and hold Wnds in an amount not to
<br /> :�.,.;•, -- .
<br /> �-�-• �:�• .E, exceed 1he lesscr amount. L.ender may est�mete �he amount of FLnds duc an the basis of curtent dam and reASOnable
<br /> -. , estfmmates of eapenditur�es of fuW�e Escrow Items ur otherwise in xcordaacc wiih applicable law.
<br /> ': ' ., � Tho FLnds shall be hcld in an institudon whose deposits s�ne inw�ed by a fedeml �eney.inswmenwlity,ar e�uity -
<br /> ,' ., (including Lender.iF L,ender Is xuch an institution)or in any Federal Hane L.oan Bank. Lender s6ull sq�ply the FLads to pay �"=''-
<br />�;�i,;• F tho Escrow Ilems. Lender mey not chorge Bonower for holding;ued�pplying the FUnds.ar.�e�al{y �nalyzing 1he escrow _�
<br /> -� 'µ �'•� ';� accouat, or verifying the Escrow Items, unless Lender pays Borrower intenest on ttie E�nds�uKi applicable law pemdls °"-
<br /> - r�� l.ender to makc such a charge. However,l.e�cier may rcquire Borrower to pay a one•time cfiauge far en independeni rcal °�`"
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<br /> '.� I�• �.�'�•;� ?7°;.�:,;,, eslate tex reporting service used by l.e�der in cnnnectian wilh thls loan,unless appiicable law ptc��vides Wi�erwise. Unless an ""�
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<br /> _� �%;� � ,,;��� �;,�,i'� �;a�r agreement Is made or applicable law recpuirea lnterest ta be paid.l.ender ahall not 6e required ta p�y Bolrower any interest or —
<br /> ;,�u� �� , , �� eamings on the FLnds. Horrower and 4.endsr mey agree In wrlting.hawever,that intercat shull 6e pa�d on the FLnds. Lender �.
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<br /> e���' i.; ��;r, �+ shdl give to Bomawer,without char�e,an annual accounting of the FY�nds.showing credits arcd�bits to the Funds and the
<br /> �,�,,, � ' ��� purpose for which each debit ta 16�e•Fnnds was made. The f�nds ar�e pledged as addilfonal secwvity for all sums secu�ed by .
<br /> a, � . ��*+�;nY,r,�,y,s�rr��� � thir Security Instrument. , �
<br /> � {��'��,�.;:9�0�'`,�'� if the FL�ds hcld try� Ler�ler exceed the umounts permitted to be held by applicable law,Lender shall account to ;� .
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<br /> ���'"�'�•� Borrower for the excess FLnds in arcardance wlth 1he requirements of applicable law. If the atmount of the FLnds held by
<br /> '� r t�:}: :.";>a:�,1�'+'•E(�'•r�l,.� �,. —
<br />�. ..;,�,�,i;1 ��,�:.:=._, ., ��, ,�.. I,ender at an}�time is not sufficient c��ay the Escrow Items when due,Lender may so notiiy Boirower in writing,and,i� ----
<br />. • ..';��,i�?� ,•'.+'� .;. ,": tas4•��' such case Borrower shall pay to Lender the amount necessary to m;dse up the deficiency. Bortower shall make up the —�
<br />%s,��'.''� '� � �. �" deficiency in no more than twelve monahly payments,at Lender's sole discretion. �-
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<br />'�����' �,'�-'��;:'�".;�,�"�' Upon payment in full of all sums secured by this Security Instrument.Lender shall promptly refund to 8orrower any --
<br /> r.i,;�• . „'R'"" . •,�•..•.��� �t.'--
<br /> ,t•,�. - �� '::�•{�� Funds held by l.ender. If,under parugrapfi 21,Lender shall ucquire or sell the Propeny. Lender,prior to�he acquisition or _
<br /> '� 'k�,o' �••.s;�,.' �.
<br /> e'�`:> •,;:;:�;..:.; � a: ,�A�; sule of the PropeRy,shull apply nny f'vnu9s hcld by Lender at the aime of acquisilion or sule as a credit against the sums =�
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<br /> ._±;�!'::•: ; ,. y, ;,; secured by this Security Inswment. �_--
<br /> ,r � ����" 3. Applkallon d'Payments. Unless applicoble law provides otherwise,all payments received by Lender under �r
<br /> �=�.':� ,.;��,�`���.,. �..:�`:��� r:
<br /> �p,�;;..:,•_ ;,(,��. paragruphs 1 and 2 shall be applied:litst,to any pr�epnyment charges due under the Note;second,to umounts payable under �f.�._
<br /> '�` "'�' 7����' ara rn h 2:third.to interest due;fourth,to rinci A1 due;and last,to an late char es due undet the Note. . �''��'
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<br />�:j•„h: � .;Y.1.,t;t t��;:' :�`•., 4. Cha es; Liens. Borrower shall a aU taxes. assessments,char es, fines and irn itions attributable to the ���C,;
<br /> •��i�': . r�`S �+ rr,1.��i � P Y B � '•��.�
<br />�-�y .f�S,(it,�G;+�t�f.�:�;•,•:;�::. Propeny which may attain priority o�er�his Security Instrument,i►nd leasetiold payments or Fro��nd rents.if eny. Borrower r'-
<br /> �.�, i ''���;�s�'•'��:+s������;' sh�ll puy these obligations in the man�er provided in parngraph 2�or iff not paid in tha�mpnner,Barower shell pay them on �--�''
<br />�; � �q`;��,�1y;,t��;'r;�.,�;�' time dire�tl •�to the rson owed u men�. Barrower shall rom 1 furnish to Lender all notires ofamounts to be aid under �`-''-
<br /> � �k • '. � 1�� � Y Pe p Y p P�Y P
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<br /> . ,..,,�,;���„,,,,,,;;;;),�t�{ this parngraph. If Borrower makes these payments direcdy.BoROwer shall promptly fumish to l.ender receipts evidencing „ ._
<br /> ,�`t`�t i� ' Yr;� the paymcnts. �=
<br /> �`1,tii � .} ���i;f� Borcower shall promptly disch�ge any lien whlch has priority nverthis Sccurity Instrument udess Borrower:(u)agrees ��
<br /> ������ ' P � ti��'!: i n w ri t i n g t o t h e p a y m e n t o f 1 h e o b l i g a t i o n s e c u r e d b y t h e l i e n i n a m a n n e r a c c e p t u b l e t o L e n d e�;(b)c o n t e s t s i n g o o d f a i t h t h e
<br /> a-���;�� ',� �{;�... �t�-;y�!•:� � �'t'�"
<br /> ,.• r �.;i.A;;� lien b y,or defends og�inst enfarcement af the lien in,legul proceedin gs which in the Lender's opinlon operate to prevent the
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<br /> �- • �. ,l�!•�X� enforrement of the lien;or(c)secures from the holder of tNe lien an agreement satisfactory to Lender subordinating the lien �:
<br /> , .,yr.:,
<br /> i� � � � �+; �.r.�. to this Security Insdument. If Lender determines thnt uny pnrt of the Pmperty is suhject to a lien which may utwin prioriry �;�
<br /> • �lpr..: .,;
<br /> ° t,ti;;��{f, over this Security InstrumenL Lender may give Borrower a notice identifying the lien. Eorrower shull satisfy the lien or take
<br />�� � D���. ' •,'.{,,,:.;:. one or more of the actions se�fonh abc�ve within 10 days of�he giving af notice. .
<br /> ��! f�� `°''� S. Hazard or Property lnso�ance. Borrower shall keep the improvemenl�now rxdslin� or hereafter erected on the
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<br /> !i�'"� .� x•u:�;!�''s;%L:'•::":.•::��` Pro rt msured a ain�i locs hy firc,hazards inelucird within the term"cxtended cov�ia r"anJ ao oth�r harards,includin =-
<br /> '�`T R ^ ''�xx%+Lr���,���,"�'j#',''`� flood or flooding for which Lende� requires insurance. Thix insunuicc shall t+e mai�ained io the amountx and for the
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