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<br /> �'; TO(3EfHGR WITH ell the improvements now or nereai�er cra:au W� �i�C�nu�uy.wiu aii caueurc�ue,u�u�au+�no�. —
<br /> and fixturea now or hereAfter a part of the property. All replucements and udditianR�hull also bB covered by �his Security
<br /> ,�•� lostrummt. All of the foregoing is rcferred to�n this Secudty Inewmenl ua the"Propeny."
<br /> i BORROWER COV8NAN1'S that Bortower is lawfully sciced of the esuuo hcreby convcycd aod hasc 1he dght to grant
<br /> -- -- and convey Ihe Hvperty And thut thn PruNe�ty le uuencumbercd,eacept for encumbrances of record. Rnrmwer warrantr and �_
<br /> — will defend generally ttie Ntle ta the Pruperty ugainat ell clatms and demands,subJect lo any encumbrances of record. _
<br /> .��.
<br /> ____ _ ___ ��:;;,Y THIS SECURITY INSTRUMENT combines uniform covenants for natianAl use und non-unifarm covenants with 4
<br /> - limited variations by ju�f$diction to constitutc a uniform security instniment cavering real property.
<br /> �'�i � UNIFOR M COVBNANTS. Borrower and l.cnder covci�ant and ngree ns follows:
<br /> :—sr����•_._T .
<br /> .��.:�s���,_� l. Ppqment at PrinclpAl�nd Interest=Prepayment Aad Ls�te Cdargea. Borrower shall promply pay when due thc �
<br />�: principol of and interest on thc debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />--��'���'°� ., 2. Funda for 7laxea and inaurance. Subject to app8cable law or to a written waiver by Lender.Borrower shall pay to
<br /> . Lender on the day monthly payments are due under thc Notc.until the Note is paid in full,a sum("Funds") for:(a)ycarly
<br />�r--=�=^�-�� ^ taxes and assessmenls which muy attain priority over this Securiry Instrument ns a lien an the Rroperty;(b)yearly leasehold
<br /> �.�!� :
<br /> , �_� payments ar ground rcnts on the Prapeny, if any; (c) yearly hazard or property insurance premiums: (d) yearly fload 4
<br /> �,���. insurance premiumg, if any; (e) yearly mortgage insurance premiums, if s�ny; and (� any xums payable by Barrower to
<br /> -t Lender,in accordunce with tha provisiona of parugraph 8,in liau of the payment of mongage insurance premiuma. '1'hese
<br /> `�' � ""' items are called"Escrow ltems." I�ender may,at any time,coUect und hold Funds in an amount not to exceed �he maximum �.
<br /> ,.^ " amount a lender for a federally related mortgage loan may require for Borrower's escrow account under the federal Real
<br /> - :�;`';�'., Estate Settlement Procedures Act of 1974 ns amended from lime�o time.12 U.S.C.$2b01 et seq.("RESPA"),unlesa ar�ather �
<br /> � "��, lew that applies to the Funds sets a lesser amount. If so,Lender may,nt any time,collect and hold Funds in an amount rwt to �__
<br /> - • ,_' ��. exceed the lesser amount. L.ender may estimate the amount of Funds due on the basis of current data and reasonable ___
<br /> •�'���;:.,, ::
<br /> •:,,,; j estimates of expenditures of future Escrow Items or othenvlse in accordance with epplicable law. �,,.
<br /> � �• The FLnds shall bc hcld in un institution whose deposits are insured by a federal agency, instrumentality, or entity `
<br /> y�,;• �� (including Lendcr,if Lender is such an institution)or in any FederAl Home Lonn Bunk. Lender shall apply the Funds to pay �,_,
<br /> a�' N� � the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing Ihe escrow
<br /> • • account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Fundx and applicable law permits
<br />;�' � �� Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for an independent real [::-
<br /> �.�, r'`�t estete lax reportin�service used by Lender in connec�ion with this loan,unless applicable law provides otherwise. Unless an —
<br /> � •t�,,; .w�.
<br /> • '��•. agreement is made or applicable luw requircs interest to be paid,Lendcr shall not 6e required to pay Borrower�ny mterest or
<br />' � � � . eumings on the Fundg. BoROwer und Lender may agrce in writing.hawever.that interest shall be puid on the Funds. Lender �.'
<br />'' �;4��,.. •' shall give to Borrower,without charge,an annuul accounting of�he Funds. showing credits and debits�o the Funds und the __
<br /> F�,'�• ' u»� purpose for which euch debit to the Funds was made. 7'he Funds rare pledged as ndditional securiry for ull sums secured by �'
<br /> l .,. �,SUr.
<br /> �'r • this Security Inswment. �_
<br /> ,• . � +• � �. � If the Funds held by Lender exceed the umoun�5 permitted to be held by applicable law. Lender shall account to
<br /> �•-•, , Borrower for the excess Funds in accordance with the requirements of applicable law. If�he amount of the Funds held by
<br /> r- -- ^ Lender at any time iR not sutticient to pay ihe Escrow liew, wiren due,l.endcr may so natify 9orroteer in ss�nting,and,in �
<br /> • � ; „ such case Borrower shall puy to Lender the umount necessury to muke up the deflciency. Borrower shall muke up the
<br /> ��� • deficicncy in no more than twelve monthly payments,at Lender's xole discretion.
<br /> • ' `.�. ° Upon puyment in full of ull sums secured by this Security Instrument,Lendar shull promptly refund to Borrower any �'��"-
<br /> � �� Funds held by Lender. If,under paragmph 21, Lender shall ucyuire ur seU the Praperty.Lender.prior to the ucquisition ar �:.;
<br /> ° � sale of the Property, shull apply any Funds held by Lender at�he time of acquisition or sale u.�a credit egainst the sumg ��_
<br /> .�= secured by this Sewrity Instrumcnt. � .
<br /> • ► ; 3, Applicatbn of Payments. Unless upplicuble Inw provideti otherwise. all puyments received by Lender under
<br /> � o��� parngraphs I und 2 shall be upplied:fint,to uny prepayment charges duc undcr the Note;second,to nmoun�s payuble under �.--_
<br /> , , � • � peragroph 2;third,to interest due;fourth,to principal due;unJ la+t, to any late churges due under the No1e. �:-•
<br /> ' • • 4. Charges; Liens. Borrower shull puy all taxes, nsses�ment�,churges, fines und impositions uttributt�ble to the
<br /> � .`" � Properry which may attnin priority over this Security Instrumem,and lensehold puyments or ground rents,if any. Borrower ;�,
<br /> - " . shall pay these obligations in the manner provided in parugmph'. or if not paid in thal manner,Borrowcr shall pay them on =_--
<br /> �• time direcqy to thc penon owed puyment. BoROwer shull promptly fumish to Lcndcr all notices of umountx to bc pnid under �:
<br /> � ° „ , this pamgrnph. If Borrower mukes these paymen�.+directly, Barrower shall promptly fumish to Lender receip�s evidencing �!�_:
<br /> - � • , u the payments.
<br /> Borrower shnll promptly dischurge any lien which has prionty over thix Sccurity In�trumcnt unless Borrowcr:(o)agrces ��
<br /> � � ' '" • in writing to the payment of the obligution secured by the lien in a rnunner ucceptuble to Lender,(b)contests in good fs�ith the ---�
<br /> ' `�''�"' ' lien by,or defends ngainst enforcement of�he lien in,Iegal praceedings which in�he Lender's opinion operute to prevent the
<br /> � enforcement of the lien;or(c)securcs from the holder of the lien:�n ngreement satisfuctory to l.ender subordinatin�the lien �_»_'
<br /> . ,; '' to this Security Instrument. If Lendcr determincs thu�uny pan of thc Propeny is subjea io a licn which may attuin prioriry
<br /> � over this Secority Instrument.Lender mny give Borcower u notice identiiying Ihe lien. Bcrrower shull sntisfy the lien or tuke ' ,;,
<br /> one ormore oF the uctions sct forth above within 10 day+of ihe giving of notice.
<br /> S. Nazwrd or Property Insurance. Borcower xhull keep the improvcmrnls naw cxititing or herenRer ercctcd on the �
<br /> _ Propeny insured against loss by fire,haznrds included within the term"extended coverage"und uny other haxs�rds, including ;
<br /> � floods or flooding, for which Lender requires insurunce. This in,urunce shall lx maintoined in the arnou�ls and for the
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