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<br /> 7�Of3B7H8R WITH�II the improvamenu now or herosGer oroctod on the propeAy.and dl ea�emalu,�ppuhen�ncai.
<br /> and tixWra now or ha�tta a pat of the ptopany. All�epl�cemenu and�dditlans�11 u�o ba covarod ly��hir 8ecurity
<br /> lnknpnen� All d Uie forc�Oin�i�refen+ed ta in thl�3xudty Imuument u the"F�tape�ty." „
<br /> BORROWBR COVSNAIVTS Uut Bamwer i� I�wfully seipod af the esWo heneby conveyed�ufd hiu Iho ri�ht to p�ant
<br /> and convey the Propeny and thu the Property io unencumbened,oaapt for encumbrances of rccord. Barower wur�nu�nd
<br /> will defend�enenlly the tlUo to tBo Propeny�Qainu�II cl�imo u�d demmds.�ubjecl to�ny encumbru►ce�of rocord.
<br /> THIS SECIlRITY lNSTRUMENT combinea unifam covenanta far n�tional use and non-unifam covaunts with
<br /> � ��, ---""�"� limited vui�Uone by jurisQicdun a ca�titut�a uniform fec�r�try i�sst�uuera�vavcring�►{property.
<br /> UNIFORM COVBNANTS. Bcx�awer nnd Lencfa cavenu►t and ag�c�e as f�►11aws:
<br /> l, 1'riymeot of Priwtipal iad INhrest:PreP*1meN#ed L�te Cr+iur�e�. Baaower sl�all promM�Y I�Y Whcn due�he
<br /> �of�ad interest on drc debt evidenced by the Note nnd any P�'eP�gmeait+ud IAte chaur�os due under thc Note.
<br /> F1u�ds for 71u�es ud I�curaaca Sabject to applicAbk!aw ar to a written wavcr Dy l.ender.Borrower ahall ppy w
<br /> i Lender on the dsiy moathly payments a�+e due under t4e Note,until U�e Note is pAid in full,a aum("Funds")far:(a)yeArly
<br /> _ � twces�u�1�ss��n�enls wl�i�6 u�xy altWln p��iodty over this Sccurity Instrument as a lien on thc Property:(b)Ywriy leasehold
<br /> pAyments or ground ronts on the Ptoperty. if any; (c) yearly hezar+d or pmperty insurance premiums; (d) yeruly flood
<br /> ineururcce pnmiuma. if any;(e)yearly mortguge inaurance prcmiums, if any; and (� any sums pryable by Borrower to
<br /> Lcnder,in Accordance with the promisions of paragrnph S.io lieu of the puyment of mortgage insurencc prcmiums. These
<br /> �' items arc called"Escrow Items:' Lender may.et any time,callect and hold Punds in an amount not to exceed the maximum
<br /> _ --- amount a lender Por a fedemlly relAted mortgage loan may requine for Borcower�a escrow account under the federwl Real
<br /> Esuue SetUement.Procedwrs Act of 1974 as amended from time to dme,12 U.S.C.�2601 et seq.("RESPA").unless another
<br /> - -;�s;��� law that applies to the Flmds s�ts n tesser amount. If so.l..ender may.at any dme.collect and hold Funds in an amoun[�wt to
<br />- -- �°,��F'',`:�', i cxcced the lesser umount. Lender mu;;e:•imste tl:� amoun� of FLnds �ue �n �he ba,i��f curnent dau►and rcasawbtc
<br /> _; ^ � esdmates af expendituies of future�E.scrow Items or olherwise ia.�ccurdance��•ith applicuble iaw.
<br /> ��.�a, , ,. The Punds shad'I be held fn an insdtution whose deposits are insu�ed�ry a federAl ugency. iasaumentality,or entity
<br /> a t � (including Lender,i�d,ender is sucl�an institution)ar i�an y Federal Horoie Wan Bank. Lender sfiall app7y the Funds to pay
<br /> ''�� , .Ri►e Eacrow 11em.c. L:nder may nat charge Horrower for halding And npyfying 1he FLnds, annuaily unnly�ing Ihe esc�ow
<br /> ,�?; � at�caunt,or vedfying Ihe Escrow ItCms,unlesa l.onder pays Boaowar interest"on t6e �'unds And upplicable law Permlts �'
<br /> - -----';�� Lender'�u make such e charge. Howe�•er.l.ender inay reyu'sre Horrower to pay a or�e•iime char��for�indeper+dsnt real
<br />;�� y� "';�'7 es�are�u,�nporting service used by Lender in connec�on wlth this faan,unless applicable fAw provides o�herwise. ilnless an
<br /> ,'• agrcement is madc or oppliceblc!aw requires interest to be puid,Lender shali not be requiQed to ps��•Ba�r�ower any intereat ar
<br />_'��?�__'�: eumia+ga qn the Punds. Borrower und Lender may agree in wai�ing.��owrver,thaa interese sh�AO be Fai�l on�thc Fw�s. �..ender
<br /> :• � , , j,,�.;:{, � sbal]give to Bo�rower,willawn ci�a�ge.an annuAl acrnun�ing of�?�e'F�ruts,showdag cre�lias aa�d debits to the Fl�nds and Ihe
<br /> L'°i,i,• �'��, r j;:s,`;t�4t i�,� • � purpose far wbu�ea�h�bie�v tl��Funds was made. 7rie Fu�a'sue,p9edged as�WiorwW s�uriry for all sums secural by
<br /> av
<br /> :;�,,, °;�{ , 1Cua Sccunit}1nstQUmept.
<br />--�;1�-- fi;�t�I If the Funds held by I.ender eaceed the amounis permiited tu bc iici�l�,y appiieebie iaw, l.ender sbaii accoani ia
<br /> t ' '"- Borrower for the excess Fwids in accordence wlth the requircments of applicable law. If the amount of the Funds held by
<br /> eq
<br /> � � Lender at any time is not sufticient to pay the Escrow Items when due,Lender may so notify Borrower in w�lttng,and,in
<br /> '�'+�� such case Borrower skall pey to Lender the amount necessary to mnke up the deficiency. Bomnwer shall make up the
<br /> `• � '�� deficiency In no more Ihan twelve monthly paymem�.at Lender's sole discretion.
<br /> � '���';,�F ' Upon payment in full of nll sums secured by this Securi�y Instrument.Lender shall promptly refund to BoROwer any
<br /> •�:��; Funda held by l.ender, If,under paragraph 21.Lendcr shall acquire or scll the Nropeny.I.endcr,pzior to the acquisition or
<br /> " "� sale of 1he Property, ehall apply uny Funds held by Lender ai the time of acquisilion or gule as a credit agains�the�ums
<br /> . ' r. ,4.�y' I eecured by thia Securi�y Insuumcnt.
<br /> 3. Appikallon o� P4yrnents. Unlecs applicoble law provides othenvise, all puymenls received by Lender under
<br /> ,1�,.,:.:-+-,. • I paragrephs 1 and 2 shall be opplied:fint,w any prepayment charges due under the Note;second,to umounts puyable wider
<br /> _ ` """~�;•''cai+� pata�rnph 2;third,to interesl due;founh,to principal due:and last,to uny late charges due under the Note. _
<br /> ,��:°_. ,� 4. Cdt��es; I.kna Bartower sball pay all �exes, nssessments, chargcs, fines and impositions attributable to the
<br /> ;�� �My-r•�,K•,•:•.••• ' , Property which moy a�tain priorfly over Ihis Security Instrument,und leasehold payments or ground rents.if any. Borrower -
<br /> ,.�;�:f"►,•�,�� ; sFwll pay these obllgation,in the manncr provided in pamgrpph 2,or if not paid in that m�nner,Borrower shall pay them on =
<br />- � � � time direc�iy to the person owed payment. BoRUwer shall promptly fumish w lxniler all uutice�of u��xwnts iu Lc yaid uikfc. -
<br /> �`��'�,r��� this ua ra If Bortower mnkes Ihese ments directl , BoROwer shall om tl furnixh to l.ender recei ts evidencin
<br /> P 8 Ph• PaY 9 M' P Y P 8
<br /> .•�":�a. '' � t���nts.
<br /> �'''�'."' •' .�;''' Borrower shall p�omptly dischurge any lien which has priority over this Security Instnrment unless Bortower:(a)agrees
<br /> .,•:,, .
<br /> w:�:;..�.���'• � in wriung to the payment of the abligatian secured by�he lien in a manner accepts�ble to Lender,(b)cantests in good falth the -
<br /> -..�, �,,..t,.� lien by.or defends ugainst enforcement of the lien in,legal proceedings which in the Lender's-opinion opernte to prevent the
<br /> �, .,;�,;. 4. enforcement of the lien;or(c) secures from the holder of the lien an agreement sntisfactc,ry to Lender subordinating the lien =
<br /> � to this Security Instrument. If Lender determines�hat any pan of the Property is subjert to n lien which may attain priority -
<br /> �` `''f�� �� j over this Security lnsuument,Lender may Rive Borruwer n notice idcntifying the lien. Borrower shall satisfy 1he lien or take
<br /> '� �'� `= `;-:~ one or more of the acCans set forth abov�within 10 duys of the giving of nutice.
<br /> u,w+ i "•�:M?�„ S. Hazard or Pruperty lasurance. Barrower shnll keep the improvements now ezisting or hereafter erected an the
<br /> ; fi;�: '� Property insured pgainst loss by fire,hazardz included within the term"extended covemge"ond any other hazards,including _
<br /> , ' ` floods or flooding, far whkh Lender requircs inaurance. Thi+ inxurance shull be muintained in the wnounts and for the
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