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<br /> --_ - - _ 41--�05561
<br /> T(1(1ETHEIt WY'l'H all the improvrmenta now a hereafter erected on the pmperty.end all eacements.appurtenoncea.
<br /> and flxturei now or hereafter a pa�t of the prope►ty. All replacemrnta And odditions shAll�I�o be cova�ed b3'th�z Sxuri�Y
<br /> - Luwrnent. All of the foroaoina ir rofenod w in lhis Secudty Insuument oc the"Property"
<br /> ��- � BORROWER COVENANTS thnt Bom'►wer ia l�wf ully seicrA oP Ihc estatc hercby comeyed and 6as the r:ght to grant ___..
<br /> and convey�heProperiy snd dwt Ihe Property is unencumbered,except for encumbrances of t�ecord. Bormwer wwnutt�wtd
<br /> wlll dofrnd generally the titlo to the Property aQalnat�II claim�end demandx,ru6Ject to nny encumbrence�oF record.
<br /> TH13 SECURI'I'Y INSTRUMENT combines uniform cmenonts fm national u�e und non-uniform covemtnts wflh
<br /> ___ �_--� limked vari�tiona by Jud�diction to constiwte a uniform secur�ty instrument covering real property. `
<br /> UNIFORM COVENANfS. Borrower and I.ender covenent and agrce as followa:
<br /> - 1. Payment ot Prlacipol and lntere�q;Prcpaqment aad Late Ch�e�. Botrower shall promptly pay when dae the
<br /> princi of and interest on the debt evidenced by the Note and any prepaymcnt end late cherges due under the Note.
<br /> -- � Fundt tor 71�xes and Inwrapce. SubJect to applicable law or to a written waiver by l.ertder.Borrower ehall pay t�
<br /> Lender on thc day monthly payments are due under the Note.until the Notc is paid in full,u sum("Funds")for.(a)yearly
<br /> - taues and asseasmente which may utai�priority over this Secudty[netrument as u lien an the Property;(bl yearly leasehold
<br /> —�°�°-°°�`--° payments or ground rcnta on the Property, If eny;(c) ycarly haza�d or property insurance prcmiums; (d) yeerly flood
<br /> insuranca premiums. if siny; (e) yearly mortgage insuranca premiums,if uny; und (� any sums payable by Borrower to
<br /> = L,ender,in accardance with the provfaions of paragrnph 8,in licu of the payment of morigage insurance prcmiuma. These
<br /> items are called"Escrow Itema." Lender may.at+�ny time,collect and hold FLnds in en emount not to exceed the meximum
<br /> __�.� ____� emount a lmcler for a federally relsted mortgage loan may require for Borrower�s escrow account under the federal Real
<br /> -- F.state Setdement Procedures Act of 1974 as aimnded from time to time,l2 U.S.C.$2601 rl seq.("RESPA"),unless another _
<br /> � law that applies to ihe Flinds sets a lesser amounw If so.Lender may.at any time,collect and hold Funds in an t+mount not to
<br /> -- eacxd the lesser amount. l.ender may estimate the amount of Punds due on the basis of cu�rent data and reasonable
<br /> _------- - --. .�
<br /> e�timates of expenditures of future Escrow Items or utherwise in accordence with applicable uw. -
<br /> `- The Punds shall be held in an institudon whose deposits a�e insured by a federal Agency.insuumentaliry. or entity
<br /> � (including Lendcr,if Lender is such an institution)or in any Federa�Home I.oan Bunk. I.ender shall apply the Funds to pay
<br /> �:"-; the Escrow Ilems. l.ender may not cherge Bamower for halding and npplying the Funds,ennually analyzing the escrow
<br /> - ;� account, or verifying the Fscrow Items, unless l.ender pays Barrower interest on the Funds end applicable law permits _
<br /> =;;,� Lcnder to make such a charga. However, I.Pnder may require Borrower to pay a one-time chargc for en indepandent real
<br /> _F,� estete lex rcporting service used by Lender in connecdon with this loan,uniecs applicable law provides otherwise. Unleas an
<br /> __ agreement is made or applicable law requi�+es interest to be paid,Lender ahall not be required to pay Borcuwer any interest or
<br /> �_� eamings on the Funds. Borrower and L.ender may agree in writing,however,that interest shall ba paid on the Funds. Lender
<br /> , shdl give to Borrower.without charge,an annual aaounting of the Funds,showing credits and debits 10 the Funds and the
<br /> —_:_�� purpose for which euch debit to the Funde was mede. The Funds ere pledged as additionel secu�ity for all suma secured by _
<br /> ���! tld�Security Insuumcnt.
<br /> _ __ -�°� if the Funds held by Lender exceed Ihe amounts permitted to be held by applicable law,Lender shall account to
<br /> �^��;.;.,L Bomower for the excess Funda in accordance with ihe requirements ot appiicabie law. Ff[he amuuni uf d�Funds hetd by
<br /> , a Lender at any time is not sufficient to pay the Escrow Items when due, I.ender muy so notify Bormwer in wrltfng,and.in
<br /> —"`"�`�+��z?- such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Bortower shxll make up �he _
<br /> - -:�;a: dcflciency in no morc than twelve monthly payments,at l.endcrk sole discretion. _
<br /> � Upon payment in full of all sums secured by�his Securlty Instrument,Lender shall promptly refund to Borrowcr any _
<br /> ����""'�'��� • F�Unds heid by Lender. If,under paragrnph 2l,Lender shall ucquire or sell the Property,Lender,prior to the acquisition or
<br /> —��..,,��.,� �
<br /> — - sale of the Property,shall opply any Funds hekl by Lendcr at the time of acquisition or snle as a credit uga�nst sums
<br /> :.�',,';'��";"`''' aecured by thia Secudty Inshument. �
<br /> `�'" ��='�%�h 3. Appliention ot Payments. Unless applicable law provides otherwise, all payments received by L.ender under
<br /> �'�''`'�''•1��-_ paragrephs 1 end 2 shall be applied:first,to uny prepayment chargcs due under the Note;second,to amounts payable under
<br /> �°��'��'�•' puagraph 2;third,to interest due;fourth,to principal due;and last,to uny late cherges due under the Note. -
<br /> 4. Char�es; Liens. Borrower shall pay all tAxes, esscssments, charges. fines und impositions atuibuuble to the
<br /> __._ ,�' property which muy attain pdority over this Security Insuument,and lensehold payments or ground rents,if any. Borrowcr _.
<br /> :;.,��;�� �-�,,�, shell pay Ihese obligations in the munner provided In parngraph 2,or if na puid in that manner.Barower shell pay them on _
<br /> _ �--��rrsr-w�• dme direcdy to the person owed pAyment. Bortower shall promptly fumish to Lender all notices of amounts a be paid under
<br /> == this puagrnph. If Borrower mgkes these puyments directly.Borrower shall promptly fumish to Lender receipls evidencing
<br /> _�.��.-,�.-"�. .. the payments.
<br /> •�ti�t• Borrower ahall promptly discharge any lien whfch has priority over thia Security Instniment unless Borrower:(a)ogrees
<br /> �.L�.• � `� in wciting to the puyment of the obligation secured by Ihe lien in m m�nner acceptable to Lender.(b)contests in good fuith the
<br /> ` �n�'�" „ lien by.or defends ag�inst enforcement of the Ilen!n,legal proceedings which in the Lender�opinion operute to prevent the
<br /> _;��,f . enforcement of the lien;or(c)secures from the holder of the lien nn agreement satisfACtory to Lender subordina8ng the lien
<br /> .. --:��-����*� to this Secu�iry Inswmeut. If Lender determines that uny purt of the P��operty is subJec�to u lien wbich mny nttejn pr�ority _
<br /> .�.��°`��`�"' � over this Securiry Inawment,Lender may give Borrower u notice identifying the lien. Borrower shull satisfy the lien or teke
<br /> -'"= �"' �°'�r one or more of'the actions set forth ubove within 10 dnys of the giving of notice.
<br />_,�_:�� �"�'�"�' � • S. Hazwrd or Property Insurance. Borrower shall keep the improvements now existing or hereafcer erected on the
<br /> '' " � t' Property insured against loss by fire,hazards included within the term"extended coverAge"und any other hazuuis,including
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<br /> -; ... . .,, floods or flaoding, for which Lender requires insurnnce. This insu�unce shall be maintained in the nmounts und for the
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