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<br /> �['ooBTFtLit wrfH�II d+e tn►p�nvemenu raw ar bere.ner eroc�ed on u�e propaiy.�na�I�cuanena.+ippurtaw�ce�.
<br /> rnd 8xtwea aow or bae+�fter�p�rt of 1he p�op�ty. All npl�b�r�d�ddit�ihall alw ba oowrod by tbi�SeouritY
<br /> 6�ma�t. All d d�e toro�oi�is t�ferrod to ia tld�Seari�y GraMnwnt�s die"PropNty" .,
<br /> BORROWElt COVPNAN3'3 tlut Rarower i�1�wtully u3�ad pl lhe aate ua�eby ooaveyed tnd It:s the d�ht ta�attt
<br /> �nd oanvey the Propaty and dwt Iha Pmpaty i�wrcr�ewa6erod.eaoep far encumbrurces af rocord. Bamwer w�rrmts wid
<br /> will defad�eeenlly�he t11b W the Ptopaty��ti�ut dt cldm�and dGCmnds�tubject to�ny encumbiana�of recotd.
<br /> THIS 3ECURITY' INSTRUMBM' oombincs unifam oovenana fcx natianal use �nd �-w�lfam cova�nti with
<br /> �_� limita!vn�iattans by ju�lediclion w cautitute a uniform security ia�qwna�i rnvering rcal property.
<br /> UN(FpRly QpVENAN7'S. Bonower and l.ender covaunt wd��s follows:
<br /> 1. F��tne�1 of P�Ipd aad Iderat;Prep+�ya�nt nnd LsRe Char�a. Borrower stwll promptlY i►�Y W���
<br /> princip�l af md inteneu on the debt evidenced by the Note and any prap�►yment and late chuges dua under thc Note.
<br /> �. F�adstor 7Yxa a�d iewr�na. Subject to applicable uw orto�wrinen w�iver by l.ender.Bairrower ah�ll p�y w
<br /> l.ende�on the day monlblY p�yments arc dua under tho Nota.undl tho Note is patd i�full,a sum C'Funda")for:(a)YeArly
<br /> _ _ taxes and�aessnxnt�whicA nwy utain prlority over t6ie Secvriry Insaumau as a lian on the Property:(b)Yeady 1�as�IwW
<br /> -- - psymenw or ground renta on tha Properry. it aay� (c) Year1Y hazerd or proper[y insu�ance promiums; (d)yeuly flood
<br /> inwrar�ce prmniuma. if any;(e) ye�uly mortgsge inswance premiums,if ony; and(� any sums pAyable by Aonnwer to .
<br /> l,ender�in�ccondnnce wlth the provieions of paragraph 8,in lieu of the payment of mortgago lnsuranco premiuma. These
<br /> items arc caped"Escrnw Iteme." Lender may,at any time.collect and hold Plmds in an amount not to excad the maximum
<br /> amaunt a letider for a federally «I�ted mortgage lo;ui may require for Borrowec'c escrow account u�der the federal Renl
<br /> Estate Settlement Procodw'es Act of 1974 as Amended from Iime to time,l 2 U.S.C.$2601 et seq.("RESPA").unless another
<br /> law that appliac to the Pund�sets A lesser arttount. If so,l.ender may.at eny time,collxt and hold Punds in an wmount not to
<br /> excccd tho I�ser amount. Lender mAy estimate the amouat of Funds dua on the basis of cunent data and reason�ble
<br /> _ estimates of expenditures of fuwre F.scrow Items or otherwise in accordence with applicable law.
<br /> The FLnds shall be held in an institution whosc deposlts arc �nwred by a fiederal agency.inswmentaUty.or entity
<br /> _ (includieg Lender,if l.ender is such an insdt�ution)or in any Federal Home I.oun Bs�nlc. Lender shall apply the Furtda to pay
<br /> ° - the Escrow Items. L,ender may not charge Borrower for holding and applyi�the Flmds.annually analyzing the escrow
<br /> - account,or verifying the Escrow Items.unless Lender pays Barowa interest on 1he Funds and applicnble law permils
<br /> :;�-=' — - Lender ro make such a chargo. However,Lender may require Borrower to pay a one-time charge for an independent rcal
<br /> - estate wu�eporting service used by L,ender in connection with this loan,unlesa applicable law provides otherwise. Unless an
<br /> - �' • agreement is made or appiicabla law requi�+es interest to 6e paid.Lender shall aot be required to pay Bomnwer any Interest or
<br /> -_,°-��rl eamings on the Punds. Borrower and l.ender may agree in writing,hawcver,that interest shali be p�id on the Funds. [.ender
<br /> .-- s h a i l g i v e t o H o r m v►e r.w i t h o u t c h a r g e,a n a n n u a l a�c o u n t i n g o f t h e F u n d s,s h a w i n g c re d i t s a n d d e b i t s t o t h e F U n d s and the
<br /> ,--„;� Pwpase for which each debil to the Amda was mAde. The Phnds are pkdged es additional security for a!1 sum�sxw�ed by
<br /> - thic Security Instromeqt.
<br /> -°� If�tK, iimAR held hy Lender excced [he amounts permitted to be held by applicable law, Lender shall aceount to
<br /> Bomower for Ihe excess Flmds in accordanee with the requirements of applicable law. If the amount of the Funds hNd i>y
<br />- Lender at any t�me is not sufficient to pay the Escrow Items when due.[.ender may so notify Bortnwer in wdting,and,in
<br /> ���.a• such case Borrower shall pay to Lender the amount necessan,/lo make up the deficiency. Bortower shall make up�he
<br /> � � •y} daficiency in no more than twelve monthly paymerxs.at Lender's sole discredan.
<br /> ;,. :�,�;;::,.�, c� Upon payment ln full of ail sums secured by this Security Instrument,Lender shall promptly refund to Borrower any
<br /> .:_ •�..y, •`��..%%a ti �n d s h e l d b y L ender. If,under para g a ph 21, ixnder chall ac quire or sell!he Propeny,Lender.pr�or to 1he acquisition or
<br /> h ;� ����:�, sale of�he Pi+operty.shall apply i+ny Funds held by l.ender at the time of acquisition or sale as a credit ag a inst t h e sums
<br /> '.,.� .,, ,, secu�d by this Securiry Inswment.
<br /> " '�� ''�'��-���� 3. Applientbn ot Hwymenta. Unless applic�►ble law provides othe�wise, all payments receivcd by Lender under
<br /> =�' - •- - paragraphs 1 and 2 shall be applied: fir�t,to any prepnyment charges due under ihe Note;second,to amounts payable under
<br />�; �'.,,�„,,;i��`, paragraph Z;third,to interest due;fourth,to principal due;and lasl,to any late charges due under the Note.
<br /> _ .^;:�c.. • 4. Char�es; Llens. Bornower shall pay all taxes, as�ssments, charges, fines and impositions anribulable to the
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<br /> -�s� s,t- ���'��:��. Property which may uttain priority over this Security Instniment,and leasehold paymeMs or ground rems.if uny. Borrower __
<br />"'''� shall pay these obligations in the manner providcd in paragrnph 2,or if nat paid in�hot monner,Borrower shall pay them on
<br /> k/AC _'
<br /> =_.:- �-�-•:�� �• ~° time directly ta the person owed payment. Horrower slu►I I promptly fumish to l.ender all notices at amounts to be paid under
<br />�'"a.a. .1 N..f..'•"...-•��Y'
<br /> 'T-��.�+•.������°.�y�.�,•;�. . this parograph. Ii Bomower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidenci�g
<br />:�: tir:t�'.��.,;��,.. _
<br /> - . r �,Y�:.,.,,.,ifi:.�) the payments. _
<br /> - -�� • •" :•:�-�, ^ Bomower shall promptly discharge uny lien which has priariq•over thi�5ecurity Instrument unless Borrower.(a)agrees
<br /> °' ' in writing to the pnymem of the obligation secured by the lien in a mAnner acceptable to Lender.(b)contosts in good faith the �
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<br />_'��.. , « • � lien by,or defends against enforcement of ti�e lien In.legal proceedings which in the Lender's•opinion opemte to prevent the _
<br /> ' ..•.,;T•;� `���� ' enforcement of the lien;or(c)secures from the holdcr of the lien an agreement sntisfactory to Lender subordinating the Ifen -
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<br /> �� Y�'' � - to this Sxurity Instrument. If Lender de�ermines�hat any part of the Property is subject to n lien which may auein prioriry _
<br />-- • �,..- '�� over U�is Security Inswment,Lender may give Barowcr a notice identifying the lien. Burrower shall satisfy the lien or take =_
<br /> '� � �w�"'" 'i «` one or mo�of the actions set forth above within 10 duys of 1he giving of no�ice.
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<br /> r,,. n::~ S. Npa�rd or Properfy Insurance. Borrower shall kcep the improvements now existing or hereufter erected on the __
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<br /> -- � Property insured against loss by fire,hazards included within the term"extended covcrage"and any other hazards,including __
<br /> !�. � �'. floods or flooding. for which Lender reyui�es insuronce. This insumnce shall be maintained in the umoums and for the
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