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<br /> TppL�'1'H6R W!7'FI all Ihe improvementa now or hercafter erected an the propedy,and all eacements,appurtenunce�,
<br /> wid fixtunM naw or hereafur a part of thc propetty. All replacements and additiona sh�il plao be coveKd by Ihis 8ocu�ity
<br /> In�aument. All of tho foregoin�ie rcfemed ro in this 3ecurfty Instrument nr the„Propetty„
<br /> BORROWER COVENANTS that Bormwer ia lowfuliy selced of the estate hcrcby conveyed a►d hes the dght to grnnt
<br /> wid convoy thep�puty and Itwi iho Propcity is unencumbered.except for encumbrances of record. Barrowor wernnw ond
<br /> _ ----�-- will dePend gei�eeafiy the title to the Property against ell claims and demendR.�ubject to any encumbrancee of record. _
<br /> 7'Hlg SECIJRITY lNSTRUMENT cambines uniform cavenanta far n+idonal use and non•unifarm covenant� with
<br /> --- �_-- � timfted vurlaUons by Juri�diction to constituta a uniform�ecudty instrument covering reA!propeny.
<br /> UNIFORM CUV6NANTS. Borrower and Lender covenant and agree as followa:
<br /> 1. P�ymeat ot Princlpal aad IateireeW;Prepaymeat aad LAte CharQer. Borrower shall promptly pay wiien due 1ha
<br /> ptlnciPal of And interest on the debt evidenced by the Note and any prepayment and Iwte chargca due undcr thc Note.
<br /> -° 2. Fnnds tor 71Axas aad insurAnce. Subject to appliceble law or to s written weiver by Lender,Borrower Khall pay to
<br /> l.ender on tht day monthly payments are due under the Note. until the Note ia paid in full,a aum("Fundg") ior: (a)yearly _
<br /> = taxes and assessme�ue which may attain pdorlty over this Security Inswment as a lie�nsurance��miuma;�(d�ycorly flhood
<br /> _ __._ __ � ppyments or ground reMs on the Property, if any: (c) Yesuly hezazd or property p --
<br /> - � insurance pren�iums, if any; (e) yearly mortgage insurance premiums, if any; and (� any sums payuble by Bomower to _
<br /> - - Lender,in accordance with�he provisions of paragrnph R,in lieu af ihe payment of mortgage insurance premiums. These
<br /> � items are called"Bscrow Items." Lender may.at any time,collect and hold Funds in an amount not to excxd the maximum
<br /> - - amamt a lender for a federally related mortgage loan may r�equire for Borrower�s escrow account under the federal Real
<br /> --- - '= Estate Settlement Procedures Act of 1974 ss amended from dme to time. 12 U.S.C.�2601 et seq.("RESPA").uuless another �-
<br /> -_ !aw lhat applies w the F�nda sets a lesser amount. If so,Lender may.at nny timc,collect and hold Funds in an umaunt not to =
<br /> ,_ - _.��� excad the lesser amount. Lender may estimate the amount of Funds due on the basis of curtem data and reasonable
<br /> .� eadmates of eapenditures of future Escrow Items or otherwise in acc o r d a nce w i t h app l ica b lc l a w.
<br /> --- °- The FUnds shell be held in an institudon whose deposits are inaured by a federnl agency. inatrument�lity,or entity �:
<br /> _=y.�,��;,._..� (includtng Lender.if Lender ia such an institut�on)or in any F�edera�Home Loan Bank. Lender shell apply 1hc Funds�o pay n
<br /> --�-� the Escrow Items. I.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow �
<br /> account, or verifying the Fscrow Items. unless I.ender puys Barrawer interest un the Funds and applicable law permits
<br /> �,,;�_�._��;�;. Lender to make such a cherge. Howevcr,l.ender may requirc Borrowcr ta pay a one-time charge for an independent real `_
<br /> '�n"�.� estate tax reponing service used by L.ender in connection with this loan.unless applicable law provides otherwise. Unless an _
<br /> '�"�'i5,,='��; ag�eement is mnde or epplicable law requires interest to be paid,Lender shali not bc required to pny Borrower any interest or _.
<br /> ,��J.,�,�=r�;;;;;"' eami�gs on the Plmds. Horrower and l.ender may agree in writing,however,that interest shall be paid on the FLnds. Lender Q
<br /> =----�•-,=•��q�: shall give 10 Borrower.without cherge,an annual accounling of the FLnds.showing credits and debits to the Funds and the r
<br /> �"'�°'Q1'�`-'=- purpose for which each debit to the Funds was made. The FLnds are pledged as addilional security for all sums secured by -
<br /> ..`x�°"'�"`. this Securlty Instrument. R
<br /> - ---- If tht Pk+nds held by Ixncler exceed the nmounta pertnitted to be held by applicable law. Lender shall uccount to _
<br /> - `� Borrower for the eacess Funds in accordance with the requirements of upplicable law. It the nmount of[he Funds heid by _
<br /> M�_„b_T�';;:. _.
<br /> y;,»,r.�!�,, i.ender et any time is not sufficfent to pay the Escrow[tems when due,l.ender may so notify Borrower in writing.and,in
<br /> ��--"-°-�7.,'d, such case Borrower shall pay ta Lender the amount necessury to make up the de�ciency. Borrower shall make up the
<br /> '�� -"���-:. deCciency in no more than twelve monthly payments.at l.ender'x sole dixcretion. _
<br /> _�; �f�;,, Upon payment in full of All sums secured by this Security Instrument,Lender shall promptly rcfund to Borrower any _
<br /> '�-�- FUnda held by Lender. If,under peragraph 21,Lender shall acquire or sell the Property,Lender.prior to the acquisition or �
<br /> . �: �.. ..
<br /> '�!;.a,:..9 ,., sale of the Property,shall upply any Flmds held by Lender at�he time of acquisition or sale as a credit against the sums -
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<br />- ;�'.�:;a�,,,�, secured by this Secudty Instrument.
<br /> ' 3. Appliealion ot Payments. Unless applicable luw provides otherwise, all �ayments received by Lender under
<br /> .�`��?"T�"'°;': parngrnphs 1 nnd 2 shall be applied:flrxt,to uny prepayment charges due under the Note;second.to umounts puyAble under F
<br /> —���T;a paragraph 2;third.to interest due;fourth.to principal due;und last,to any late charges due under the Note. _
<br /> -�"`�'�y, • 4. Cha�es; Uena. Borrower shall pay all laxes, ussessmen�g,charges, fines and impositions unributable to thc q
<br /> � --tl�'-r '• property which may attain prioriry over this Securiry Instrument,and leasehold payments or ground rents,if any. Borrower �
<br /> �Y°" shall pay these obligations in the mnnner provided in parograph 2.or if not pnid in that manner,Borrower shall pay them on P_
<br /> "�"`��� time direcdy to the person owed payment. Bonower shall promptly furnish to Lender all notices of umounts to be paid under
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<br /> r+�� $� Ihis paragrnph. If Borrower makes these payments directly,Borrower shall promptly fumish to Lender receipts evidencing
<br /> � ��. -
<br /> '�.. the payments.
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<br /> •- ����.�-. Borrower s ha l l promp t ly d isc harge n n y l i e n w h i c h h as priorit y over�hi�Securiry Instrument unless Borrower:(u)agrees
<br /> ?�•�:__�.;�_� in writing to the payment of the obligation sccured by the lien�n a manner uccep�uble to Lender;(b)contests in good faith the _
<br /> :��,�^';~�',, r�.,. lien by,or defends against enforcement uf the lien in,legal praccedings which in the Lender s opinion operate to prevent the _
<br /> �=�_- �•�����• enforcement of the lien;or(c)secures from thc holder of the lien an agreement satisiuctory to l.ender subordinating the lien
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<br /> `-` -Y,'s.�'��-.• ' to this Security Inswment. if Lender determines that any part of the!'roperty is xubject to a lien which may attain priority _
<br /> ';�°;:`;•;"� over this Securiry Tnswment,Lender mAy give BoROwer a noticc identifying Ihe lien. Borrower shall satisfy the lien or tnke
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<br /> .z 1"` one or more of the actions set fonh ubove within 10 days uf the giving of not ce. _
<br /> • .,.�.Y�.v g. HA�rd or Property Insurpnce. Borrower shall kcep the improvements now existing or hereufter erectcd on the _
<br /> q � � �'•; I�roperty insured against loss by fire,haznrds included wi�hin the term"extended roveruge"and uny other hazarcls,including _
<br /> �'' �'' ., floods or tlooding, for which Lender requires fnsurnnce. Thia insurance shell be maintained in the amoums and for the
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