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<br /> TO(3EI918R WITH all�he impmvarr�emR now or hencalter er�ecud on�ha pcuperty.wxl dl a.emcna.�ppurtenuices.
<br /> Nnd flxtures now or ha�eatkr R pWt of.�ha property. All repl�xmants u�d additiont sh�lli�IIP be ooveted by 161s Secwyty
<br /> I�uma�t. AU ot the kmsoing i�rotan�od to in ihfa Secu�ity In�truma�t as the"Prope�ty."�.
<br /> 80[tROWER GOVBNANT3 thRt Borruwa is uwiLily�ei�ai of Ih�auue heroby conveyed�nd has Ure dQht to�ant
<br /> u�d convoy the Pro�r and thRt tha Prq�aty i�ww�cumberad,excep�fnr e�cumbenccr of record. Aarrowar warrmts aad
<br /> wiU defand�eoerdly tha dtla W tha Prq�eny a�aink dl cldrt��nd denuinda,:ubject w any encumb�uues of record.
<br /> TNIS SECURITY INS7RUME[VT combines unUam cova�anu for n�uloml use and rwn-uNform coven�w witb
<br /> - �--� Ijttaited vntistion�by juri�dictian t4 can�tituta�unif�xm scrurity inetrument covering neal propeAy.
<br /> Ui�1iPORIy CUVENANTS. Bcxmwor and l�enAar cavqn�nt.�nd pgroa ns fdlowr:
<br /> l. Plq�t dP�'Ircipd rd bten�t;fh'epqmaat ud L�te Ch�rye� Aarower sholl P�M�Yp�Y wt�due the
<br /> p�ipci af and GNetect on the desbl evidenc:od by tbet Nqis and ony prcpwyMant�Nnd lue ch�rges due undar the Note.
<br /> � �for'1lixeo aid i�ura�e. Subjact w appI�c�bla law a to a written waiver by I.endar�&nrowa sluill p�Y to
<br /> L.eader on tha dny manthly p�y�nents aro duo under the Note,undl tha Noto is paid in full+:p.sum�("Fumi�")for: (a)yoarly
<br /> uucr��nd�ssacmtantN whiah ms�Y+�tuin Pricxi�Y over this Secu�Iry Insuument as a lian on tha P�qpertys(b)yeatly leasehald
<br /> -� � p�}nncrrce oc gnnund rcnls an tbe Roparty. if eny:(c)Yearly twzArd or pmperty insurenco p�miumc:(d)Yeurly flat�l
<br /> inwrance promfuma..if an�t(a) ya�uly moRgago insurance p�emiurtu, if aoyt xod(�nny sums ppy�bla by Borrower to
<br /> I,ender,in sccor�daaae wiU1 the pmvisians of pamgtaph 8,in lieu of thap�ympnt.of mongage insuranoa pnsmiums. These
<br />- itcros a�calied"F.scrow Items." L�ender may.at•any ttmc.colkxt smd hold FLnds in an arnouot not to cacad the maximum
<br /> amount s lendcr for a federally rslcitad martgage loan maY �aqqire for Banowerti escrow�cxount under thc federa! R�en!
<br /> F.sute Saplement ProcxdurcA Mt of 1974 os amenAsd from dma ta time.12 U.S.C.$2601 et srq.("RESPA").unless Anathcl
<br /> law thaf appltos to the Funda seta a Iesser amount. !f sc�.L.ender mey.at any time.collect And hold F�nds jn an amount na w
<br /> - excced the lecser amount. Lcnder may esdmeta dns amaun� of ii�nds due an �he basis of cwrcoc dru� and �ra�onable
<br />-- — esdmatac of ex�nditunsc af futut►s Er,cnow Items or dherwise in accordance with upplicable law.
<br /> Tha bLnda shalU he held ln,an�institution whose deposits a� insured by a federal agency.insuumentallty.or endry
<br /> (f�aluding Lender.iP Lendar ia suoh,an.inetitution)or in any Federal Home Loan Bank. Lxr+dcr shell apply the Fund�to pny
<br /> tf�e Escmw�Ilams. Lender mag nut c6arge Bortower fa holding and applying the Funds,annually analyzing�l�e escrow
<br /> account,ar ve�ifying�ha Escrow luams, unlass Lender pays Bomower int�rest on the Funds and appUcwble law permits
<br /> .� l.ender to make suah,w charge. Howeve�.I.andar may requi�Borrowcr to�uy a a�e-ame charge for an indepcndent r�eal
<br /> estata W�c ropartlnq sen+Bce used by Lender in connacdon with this loan,unless app8ceble law provides otherwise. Unless an
<br /> agn:emant�ia mada vr�ppliaAble law requirias intere�t to bc paid.Lender sha11 na bc required to pay Borrower any intercst or
<br /> eamingo on,the Pond.�. Borrower ond Lendcr may agree in writing,howcver,that intcrest shall be paid on the FLnds. Lendcr
<br /> shdl�giva tq•&►mower.without chorge,an annual�acmunung of the Punds,showing credits and debits to the FLnds and the
<br /> pwpose for whioh�each debit w the Funds w,u�m w d e. 'The Fu n d s are pledged as additional security for all sums secwred by
<br /> thb Secu�tyr lnwumqnt.
<br /> — If the f�SndF hekt by Lsntkt execed ihe amouets�rmine�l to he heki hy applicable law, l.ender sluiU account to
<br /> Barower for the exeess FY�nde in�aceordnnce with the requirements of applicable law. If the amount of the Wnds held by
<br /> ` L,ender sU any time is not suHlaienl�to pay the Escmw Items when due,l.ender may so nW1fy Borrower in w�it�ng.and,in
<br /> ' .°'-w;�' such case �orrower siwll pay tn�L.endor the amoum necessary to make up tl�e deficien�y. Borrower s6s11 make up the
<br /> � .r M�.�;" deficiency in no morc�han twelve monthly payments,at Lenderk sole discreuon.
<br /> :•; �;y ��.. Upon payment+n tLll of albeums secured by lhis Security Instrument,lxnder shall promptly refund to Borrower any
<br /> ;`�,�;+�;�v„�°"•J�,•:��;;; Funds held by Lender. If,under parngraph 21,Lender shnll acquine or sell ttre Property.Lender,pricx ta the acquisition or
<br /> �� `Y�'"'"`_' , • sale of the Pro shall a 1 an FLnds hald b L.ender at the time of uisidon or sale as a cnedit a einst the sums
<br /> + PeRY• AP)' Y Y �l S
<br /> �ecured by thic Secuaty inspvmem.
<br /> 3. Applicotion o�Pt�yments. Unless applicoble IAw provides otherwisc.oll payments �eceived by l.ender under
<br /> - ��•; paragraphs 1 and 2 sha11 be applied:fi�st,to any prepnyment cburges due under the Note;second,to amounts payable under
<br /> paragraph 2;thi�d.to interesl due;fiwnh,to principnl due;and last,to any late charges due under the Note.
<br />-- 4. Charges; I.ic�s. Borrower shall puy all taxes, assessments, chnrges. fines and impositions attribuWble to the
<br /> ' � .� Pro�erty which may attein prioriry over lhis Security Inshument,and leasehold puyments or ground rents.if any. Borrower
<br />_: ..,,,, Pe
<br /> shall pay these obligetions in the manncr provided in patagraph 2,or if not paid in thut manner,Borrower shall pay them on
<br /> time dircctly to the 4mrson owed pavment. BoROwer shall promptly furnish to l.ender all notices of nmounts to be paid under
<br /> ,., -.• this paragraph. If Horrower makes these payments direcdy.Borrower shall promptly fumish to Lender reoeipts evidencing _
<br /> �; - :� � �' tho PaYments. -
<br /> � :, -•t:,...:•:i:> Borrower shall prompQy discharge any lien which has priority over this Security Inswmant un�ess Borrower:(a)agrees =�
<br /> '' :..�..�;,� in writing to the payment of the obligation secured by the lien in a manner accepteble to I.ender.(b)concests in good faith the
<br /> ;.+• .- .>•, liea by.or defends ageinst enforcement of the lien in,legal proceedings which in the Lender's opinion opewte to prevent the
<br /> �'• enforcement of the lien;or(c)secures from ihe holder of the lien an agreement satisfactory to Lender subordineting�he lien
<br />-�;�� , ''''�� to thls Securiry Inswment. If Lender de�ermines that any psut of the Property is subject to u lien which rnny attciin priority
<br /> °''+'"� ' over this Security lnswment,Lender may give Borrower a notice identifying the licm. Borrower shall satisiy the lien or take
<br />___ ��.�.,;,'.:�:�-- one or more of the actions set forth Above within 10 days of the giving of notice.
<br /> -�' �'�; "�", "' '• S. Hazard or Prnperty losurance. Borrower shall keep the improvemente now existing or hereafter erected on the
<br />_ • � :.•:
<br /> , •���< ' . Property insured against loss by fire,hazards included wi�hin the term"eatended coverage"and nny other hazards.including
<br /> � �-��-?�=�•--- floods or 800ding. for which Lender requires insur�nce. This insuronce shc+ll be maintained in the amounta and for the
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