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<br /> TOOBTHEIt WITH pU the improvcmcnt�now�Itl�cAluccmcnts and adcllponacxholl wlaolbe covarcd by�hi:8ocurity
<br /> wb Elxtwtics now an c�rcafter w p�ut of the propntY• P
<br />__ _ _ --- -� inwummt. All oi�ha faro�oin�i�rcfcmed to in thf�Secudty Insavment w►Ihe"Pr�eny."
<br /> BORROWQR COVENANTS that Bomawe�is Iwwfully sciced of lho eslate hcreby canvoyed wid hos Uie d�ht to Qrant -
<br /> and convcy�he Property ond thpt�he Property is uncncumbcred,cxcept for cn�:umbranccR of record. Barower warrant�w�d
<br /> will defend�cneralfy tt�e titic ta the Propcny aQ4inat dl claims pnd dcrnundx,rubj��t to any encumbrunccs of rccord.
<br /> THIS SECURITY INS'IRUMEN'T cambinea unifotm covcnonts far notionul use and non•uniform covenenta with
<br /> � - - limited vwi��ion�by jurlrullcdun to constitute n unifonn security imtrument coverfng rcd pro�eny.
<br /> — UNIFO�M CUVBNANT�S. Borrower nnd L.endcr covenant and ogrec ae fallaws: P When duc the
<br /> `— 1. P� ment o�Princl wod lateresti PrePpymeM aad Lde ChA�e�. BaRawcr sholl romp�ly pay
<br /> - �= princi af and intcrort on tho debt evidcnced by thc Note Qnd any preRaymcm and lotc charges duc undcr the Notc.
<br /> � Ftiads for'ly�ces and Insursnce. Subject to applicable law or to a wrfacn waiver by Lender.Bortower ahull pay to
<br /> ;� Lcndcr on the day munlhly p$yments are due under 1he Note,until t hc Notc is pu i d in fu l l,u a u m("P U n d s") f o r:(a)y e u l y
<br /> — ttuees and assesaments which may�ttafn priarily aver this Secu�iry Instrument As u lien on the Praperty;(b)yearly leaschold
<br /> - -- �� payment� or ground renta on the Property. If any: (c) yenrly heznrd or pwperty insurancc prcmiums; Id) Yearly flaod
<br /> =� i�surancc prcmiuma, if eny; (e) yearly mortgagc insurance premiumti, if uny; and(� uny sums puyablc by Borrower to
<br /> -'°- Lender,in accordance with the provisfans of p�uugraph S,in lieu af the pnyment of monguge insurcince premium�. Thcise
<br /> items arc called Escrow Items. I.ender mey,et any time,cailecc and hold Funda in an tunount na to exceed Ihe mAxfmurn
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<br />- - - - - sunount a Irnder far u federally rclated mortgage loan mey require for Borrower�escrow account under the federnl Real
<br /> � Estate Senlement Pracedures Act of 1974 as emended from time to time,l2 U.S.C.�2601 er seq.("RESPA").unlesx unolher �
<br /> -- Iaw that appNes to�he Punda sets a lesser amount. If so.Lender may.at any time,collect nnd hold Funds in un amount not to
<br /> . --- --=� exaed the lesser amaunt. I.ender may esdmutc the amount of Punds duc on the basis of curt+enl dale ond rea�conable
<br /> ---- �:-.�_.;� e�dmates af expenditurcs of futurti Escrow Iteme or otheruvfxe in accordance with applica6le luw. L
<br /> '11ie Punds shal! be held in an institution whasc deposits are insured by u fedcral agency, inswmentality,or entity
<br />—==�`���, ' (inciuding l,endcr,if Lender is such an institutfon)or in uny Federal Home Loan Bank. L.�;nder ahall upply the Fundx to hay
<br />— - -- � the Lscrow It�ms. Lender may nat chnrge Borrower for holding and applying the Funds, unnually unulyaing the escrow
<br />—�_���'•%^ account, or vedfyfng the Escrow Itertr�s, unless Lender pays Bortower interest on the Funds nnd upplicuble luw permits
<br />-- �T��?,si�i°;�z:,..; Lender to mnke such a charge. However,Lender may require Barower ro pay s�one-time chnrge for an independent reul
<br /> - ��a'',�;;;. es�ate tau rcponing service usecl by Lender in connectian with this loan.unless applicable luw provides otherwise. Unless an _
<br /> "`"��..'�•=':;' agreement is made or applicable law requir+es intereat to be pnid,Lender ahall not be required to pay Borrower any interest or
<br /> ���', ` eamings on�he Funds. Borrower and Lender may agree ln writing,however,that interest 4ha11 be paid on the FLnds. Lender _
<br /> ��`�-�;r�� -; sh�ll give to Bormwer.without charge,an annual accounting of the Hlinds,showing credits and debits to the Funds and the _
<br />`�°"��^ purpose for which ench debit to tl�Flmds wus made. The Funds are pledged as additionul securiry for all sums secured by
<br /> "'��;-��'`,',.: this Security Insuvment. _
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<br />__ _ ..�,,,y;,��,-.;;-�� 1T[he f�nds hatd hy l.cr�dcr ezceed che asnow��s permined so be held bY nl�P��cnble Inw. Lender shall account to
<br /> - ,..-.,�,;,.?�;,:;;. Borcower for the excesx Funda in accordance with the reqwrements oP upplicable law. If the umount of the FLnds held by
<br />��='��;�9'� �'.'�.''. ' Lender at an y time is not sufficient to puy the Escrow ltems when due,Lender may so notify Borrower in writing,end, in
<br /> -- -= -�-��. such cese Borrower shall pay to Lender the amount necessury to miilce up t he de fic iency. Horrower s h a l l m e k e u p t h e
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<br /> ..�.�•.. ..t.,;:, deficiency in no more than twelve monthly payments,ut l.ender s sole discrelion.
<br /> �`, �• Upon payment in full of all sums secured by this Security lnatrument,Lender shall promptly refund to Borrower uny
<br /> ���•'� ..°.. i=...,` '� Plmds held by l,ender. If.under parngrAph 21,Lender shall acquire or sell the Praperty.Lender,prior to the acquisition or =
<br /> ��f� ! '� sale of the Property.shall upply l+ny Funds held by Lender at the lime of ucquisition or sule us n credit agafnst the sums
<br /> "` !���''"r secured by this Securlty Instrument.
<br /> � �-�'"•"'{-' 3. Appl(cadon of Aaymenls. Unless upplicuble Inw provides otherwise, all payments received by L.ender under
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<br /> �.:;_�.;::;;;.y-' paragraphs 1 and 2 shall be upplied: first,to nny prepayment charges due under the Nute;second,to amounts payubie under _
<br /> j"=". {,;;�;�., peragraph 2;third,to intere5t due;fourth,to principal due;and lact,to nny late charges due under the NWe.
<br /> ��� �;' �. _. 4. Chorqea; Llens. Borrower shuU puy all wxes, assesamenGg, charges, fines And impositions udribuwble to thc �
<br /> properry which may unain p�iority over thls Security Instrument,and leasehold payments or ground rents,if any. Borrower
<br /> �:.-";,,:;,,,,,_ � shall pay these obligutlans in the manncr provided in paragraph 2,or if not paid in that munner,Borrower shall pAy them on �
<br /> ,�„.�.e�-� time direcdy to the person owed puyment. Borrower shall promptly furnish to Lender atl notices of umounts to be puid under
<br /> �':;,;._i;:�,, this parugruph. If Bnrrower makes these puyments direc�ly.8orrower shall promptly fumish to Lender receipts evidencing
<br /> ' the payments.
<br /> ;� Y.a,�.,.,�;�:' Borrower shall pmmptly discharge Any Ikn which has priority over this Security Instrument unless Borrower:(u)agrees
<br /> . in wriling to the payment of the obligation securcd by ihe lien in u manner ucceptuble to Lender.(b)contests in goad faith the
<br /> '"=i,:�;;�.i,y,.: lien by,or defends ageinst enforcement of the lien in,legal proceedings which in the Lender's opinion opernte to prevent the _
<br /> _ �+�.� •��;:;��.. enforcement of the lien;or(c)secures from the holder of the lien un ugreement sutisfactory to Lender subordinating the lien -
<br /> -���'�•''' to this Security Instrument. If Lender determines that Any purt of the Propeny is subject to a lien which may attain priority
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<br /> �`"' over this Security Instrument,Lender may give Borrower n notice identifying the lien. Borrower shall satisfy the lien or take
<br /> '��� one or more of the uctions set forth above within l0 days of the giving of notice.
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<br /> �� • , S. Hazprd or Property lnsurance. Bo�ruwer shall keep the improvements now exis�ing or hereafter erected on the
<br /> ' • . ^ . Property insured agninst loss by fire.hazards included within the term"extended coverage"und uny dher hazards,including
<br /> '•�: • �,. ' flaods or flooding, for which Lender reyuires insurance. This insurance ahall be maintuined in the amounts and for the -
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