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<br /> —.:�I_ TODETHER WITH all the improvement�now or hercaiter creclod on Ihe property,ond all eaFCments,appurtenances.
<br /> - uid flaturcr now w herwfter a p�ut of Iho propertY. All rcplocememr wid additiana ahwll �Iro bo covcred by thic 9ecurity
<br /> °�� Inwtument. All of the farcgain8 is rcfcrted to in�hir 3ecurlty Inetrumcnt uu the"Propeny."
<br /> �� ,,,,,, BURROWER COVHNANTS�hal Bortowcr i�lawfully+ielsed of thc estwe hcreby c�nveycd umi has�he�ight to grent
<br /> =•�'� and convcy the Property and�hut thc Propcny ia unencumbered,caccpt for encumbranccw of're�:ard. Barrowcr wurrants and
<br /> _�-� _= will defend genemlly tho dUe ro the PmperlY o�alnst�II claimc wnd demunclr.scubject tn any encumdronce�of recard.
<br /> `�_________._ ____ ___. THIS SECURITY IN5'fRU1VIENT combines unifarm covenanlr, for national ure und n�muniform cavenents with
<br /> _ limited wuiadons by juriedictbn to conrtfwte a unifurm secudty inctrwnent covering real property. `-
<br /> i, �:• . UNIFORM COVBNANTS. Borrower and Lendcr covenont und ogrce ng followa:
<br /> - i�„;'� 1. Payment ot Princlpal and latereati Prepayment wnd L,ote Cl�r�ew. Burrower shull promptly pay when due the
<br /> principal of and inteneat on the debt evidenced by the Note and any prcpayment artd late churges due under the Nae.
<br /> "� Z. Fund�for 7bxes w�d Insuraace. 5ubJect ta applicable law ar to a written wafver by Lcixler,Barrower shull pay to
<br /> _�_,.a,�;� .. Lender on the day monthly payments are due under thc Nate.until the Note is puid in full,n sum("Funds") for.(a)yearly
<br /> --� � taxes and assessmeats which may attAin priodty over this Security InRttument ac a lien on the Propeny:(b)ycarly leosehald
<br /> -,_"_'�: ' paymente or ground rcnta on the Property. if any; (r) yesuly hazord or property insurance premiums; (d) yearly flood
<br /> ;,,�;;: =. insuranca premiums, if any; (e) yeerly modgage insurance premiums. if any; und (f)uny sums payable by Borrower ta
<br /> __.a..: :� Lender.i�accordance with the provisions of paragrnph 8,in lieu of the payment of mortguge insuronce premiums. These =_
<br /> ��„�,.L,.�;: items are called"Escrow Items." Lender may.at any lime,collect and hold Funds in an nmaunt nat to exceed tha maximum
<br />- s- - -__--�="°`-= amount a Icnder for u federully related mongage loan may �equire ior Borrower�s escrow account under the federal Real
<br /> � ''�=; µ Estate Settlement Procedures Act af 1974 as arnended from tima ro time. 12 U.S.C.�2601 et seq.("RESPA"),unless another �e
<br /> ����,�;::��, law thet appliea to Ihe Funds sets a Iesser amount. [f so.Lender may,ut smy time.collect and hold Funds in an amount not to -
<br /> �� -�+��`'• exceed tho lesser omount. L.ender mey estimate �he amount uf Funds due on thc b�sia of current date and reasonable �_
<br /> _ �'���.;;� esdmates of expenditures of future Escrow Items or otherwise in accordance with applicable Inw. �r
<br /> �°"+'�`C'�`'` The Funda shell be held in an institudon whose deposits are Insured by a federal agency, instrumentality. or entity =__
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<br /> , i•:+� (i�cluding l.ender,if Lender is such an institution)or in nny Federal Home Loan Bank. Lender shall apply Ihe Funds to pay
<br /> � _-___ the Escrow Itema. I.ender may not charge Borrower for holding and applyfng the Funds,annually analyzing the escrow �`'�=
<br />::���- � account,or verifying the Escrow Items, unless Lender pays Borrower Interest on the Funds nnd applicable law permits -_:
<br /> '"'��•� ��' Le�der to make such a charge. However, l.ender mny require Barrower to pay a onedime chsuge for an independent real E;�::
<br /> �'�.i � •� eatete tax reporting service used by Lender in connection with this loan.unless applicable law provides otherwise. Unless an _
<br /> -=��.�y-�'L;-,�• . a�cement is made or appllcable law requires interest to be paid,Ixnder shaU not be required to pay Borrower any interest�r ��-
<br /> - }''' ' eamings on the Fbnds. Borrawer and[.ender may agree in writing,however,that interes�shall be paid on the Funds. Lender
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<br /> _w—�°.::. shall glve to Borrawer,without charge,s►n annual accounting of the Funds,showfng credits and debits to the Funds and the _-
<br /> �+:r��°..,.;,�.:� purpose for which each debit to the Funds was made. The Funds are pledged as additianal securlty for ull sums secured by
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<br /> _ :S�_ thu Securiry Inswment.
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<br />--��_�""-;�.•_, o�';''� If the Ftinds held by L.ender exceed Ihe amounts permitted to be heid by applicuble luw. LC�idzr attaU uccoutii io
<br /> Borrower for the eacess Funds in uccordance with thc rcquirements of applicable law. If the amount of the Fundr held by
<br />��� ' '� �y� • Lender at any time is not sufficient[o pay the Escrow Itemti when due,I.ender mny so notify Borrower in wri�ing,und,in =
<br /> w�:. : such case Borrower tihall pay ro Lender the omount neceaxury to mnice up Ihe de�ciency. Borrower shnll mnke up�he
<br />.,�y^- �•,'��� . deficiency in no more thun twelve monlhly pAyments,ut Lender K solc discretion.
<br /> .,, ;._ " Upon payment in full of ull xums,ecured by Ihi�Securjty Insuument,l.ender shnll pmmptly rcfund to Barrawer uny
<br /> __+:•- �•,,,��� ' Funds held by Lender. If,undcr p:�rugrnph 21,Lendcr shull ucyuirc ur,cll Ihe Pn�peny, Lcncicr,prior�o the oryuisition or �
<br /> -;t;:�, " �-��', Fale oF the Propeny. shall upply uny FLnds held by Lendrr ut �he tlmc uf ucyuiaition ur sule a�u crcdit uQainxt the xumx
<br /> - - x� ,.:' secured by this Securiry Ina�rument. _
<br /> '-`�� � � ,�- 3. Applicntbn of Payments. Unlcs� applicnblc luw provi�ky uthcrwisc, ull payments rcreived by Lender under
<br /> ' ' " purogruphs I und 2 ghall be applicd: firs�,to uny ptepayment churgcs Juc undcr the Nole; sccunQ,tu cunoun�s puyablc undcr -
<br /> •�•''� • ^ pnrngraph 2;third,�o interes�due:fourth,to principal duc;und luxt.�o uny lute churgex due under Ihe Notc.
<br />�'���� 4. Chargea; Llens. Borrower shull pay ull taxeti, u.�scxsmenty.charges, �nes und impasilianx att�ibuwblc to Ihc
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<br /> -;ti,Y! �x,.,_.: . property which mey attuin priority over this Secu�ity Instrument,and leaschold paymcnts or ground ren�s.if any. Borrower __
<br /> shell pay these obligutions in thc manner provided in pamgra�h 2,or if not paid in thal munner.Borrowcr shall pay them on E.,1::
<br />•�'�r,'.,, . time directly to the perr,on owed payment. Borrower shnll promptly fumish to Lender all notices of amounts to 6e paid undcr =-
<br />_._�;���.��., � ' this puragreph. !f Borrower makes these payments directly,Borrower shall promptly fumish to Lender receiptx evidencing ---
<br /> , the payments. ��
<br /> -�� v �� . Borrower sholl promptly discharge uny lien whfch has priority over this Security Instrument unlesx Borrower:(u)ugrees -
<br /> �'' °� ' in wridng to the payment of�he obligation secured by the lirn in s+munner ucceptuble to Lender:(b)contetits in good faith�he �..
<br /> _�' � ,,..;�,.a lien by,or defends aguinst enforcemem of�he lien in,legnl proceedings which in�hc Lender'.s opinion opemte to prevent the `�-
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<br /> .� enforcement of the lien;or(c)secures from�he holder of Ihe lien an ugreement sutisfuctory to Lender subordinatiog the lien
<br /> :•,:�.".;``':�'•�`�":~ •�•• . ' to this Securiry Instrument. If Lender determines that nny part of the Propeny is wbject to a lien which muy uttuin priority r
<br /> '_,.�d, <�.: , over this Securiry Instrument.Lender may give Borrower n notice identifying the lien. Borrower shull satixfy the lien or tuke E Y_
<br />_- . ;. ; • � one or more af the uctions se�forth ubove within 10 days of the giving of notice. _-
<br />- .�,,. '� , 3. Ha�ard or Property Insu�ance. Borrower xhall kcep the improvements now existing or hereuiter erected on the
<br /> � Property insured aguinst loss by fire,hazurds included within Ihc tertn"cxtended cuveragc"und nny other hazurds.including
<br /> floods or floaiin , for which Lender requires insurunce. This insurance tihalf be maintained in the umounts and for the �_
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