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<br /> - _�..,.� --- '1'OCiEfH@R WITH�0 tF�e im�►mve�ria�t�now ar he�+e�ftcr emted an tha propeny,and oll eaxema�to,�. �
<br /> , a�d f�xp,rce�now or hercafter a part qf the prapertY. All replacerttenta w�d additiona shall�I�o be covered by�hi� Secunty
<br /> - Inswment. All of the foregofng i�referred ta in this Securfty Insdument As Ihe"Property."
<br /> -- -`-' BORROWER COVENANT3 that Borrower is Iswfully sciscd of thc cg�ate hercby conveyed and has�ha rlght ta gnu�t
<br /> - _:_�_ _ ____ __� will defend genenlly the titb to the Pruperty againet all claime and demands,subject�o Any encumtxancer of rerorJ. .
<br /> THIS SECURITY INSTRUMENT combinea uniform covcnants for n�tiotwl use and non-unifonn covenenu wlih
<br /> ` � Ifmited vnriation�by jurisdiclfon to conedwle a uniform secudty insuument covering real property. �
<br /> __- UNIFORM COVBNAN7'S. 6orrower nnd Lender covenant and agree as follawa:
<br /> •_�, 1. P�ymeai af Princip�l�d intere9t;Prepayment nnd Lak C6ar�a. Horrower shall prompUy pay when duo Ihe
<br /> =" principai of and intereat on the debt evidenced by the Note and any prepayment end late charge9 due under the Note.
<br /> 2. Fbad9 tor Ta:es and Insurance. Subject tn appliceblc law or to a written waiver by Lender.Borrower ahall pay ta
<br /> Lcmder on thc day monthly payments are due under the Note, untll the Note is paid in full,a sum("Funda")for.(a)yeady -
<br /> •'� taues and assesaments which may attain priority over Ihis Secudty Insdument as a lien on the Property;(b)yearly le�cchald
<br /> ���-„;;,� paymenta or grt►und rents on �he Property, if any; (c) yearly hazerd or praperty inaurance premiums: (d) yearly flaod
<br /> _--_-�-� insurance premiums,if any; (e) yearly mongage insurance premiums. if any; and (� any sums payable by Borrower to
<br /> _r� Lender.in accordance with 1he�provisions of paragraph 8,in lieu of the payment of mortgage insurance prcmiums. Thesc
<br /> � items a�called Escmw Items. Lendcr mey,at any timc.collect and hold Flmds in an amount not to excced the maximum
<br /> p .;; emount a lender for a federalty related mongage loen may requine for Horrowerk escrow account under 1he federAl Real
<br /> �_ _-,�T a?�� Esuue Settlement Pincedures Act of t 974 as amended from time to dme,12 U.S.C.�2601 et seq.("RFSPA"),unless another
<br /> _ � _ " :v,.K:; law that applies to the Funda sets a lesser amount. If so.Lender may,at any time.collect and hold FLnds in an amount not to
<br /> � -"""' • • exceed 1he lesser amounG Lender may estimate the amount of FUnds due on the basis of current dAta and reasonable
<br /> '''`n esdmates of expendl�ures of future Escrow Itams or atherwise in accordance with appliceble law.
<br /> _-��h��,� a. The Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality, or entiry -
<br /> --_� (including Lender,if l.ender is such an institution)or in any Federal Hame Loan Bank. L.ender shall apply the Funds to pay
<br /> -�� ' ` _ � '' the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually anelyzing the escrow _
<br /> .�.': }�.:•� ; account.or verifying the Escrow Items, unless L.ender pays Borrower interest on the Funds and appllcable law permits
<br /> :�;.'� �',a ; Lendr.r to make such a charge. However.I.ender may requir�e Borrower to pay a one-time charge for an Independent msl _
<br /> ,;;� estate tax reponing service used by L.ender in connecNon with this loan,unless applicable IAw provfdec otherwise. Unless en �_
<br /> �.� agreement is made or applicable law requires interest to be paid.Lender shell not be required to pay Borrower any interest or
<br /> - ��� �;�' . ' eamings on thc FLnds. Borrower and Lender may agrce in wrfting,however, that interest shall be paid on the Funds. Lender
<br /> :�;�_i. shall give to Borrower.wlthout charge,an annual accounting of the FLnds,showing credits and debits to the Funds and the �
<br /> _"_ _ -_ -__--=-� -.� pu�ose for wtsich esch debit La the i��nds uas madc. Thc Fur�ds arc p!ulge�as sddidor�n!securiry for a!! sams secuRCf by
<br />-'r,`4� this Security Inswment. -
<br /> �� ' ° [f the Funds held by Lender exceed the amounts 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 the amount of the Funds held by --
<br /> `': '"`��� � Lender at any time is not sufficient to pay the Escrow Items when due,l.ender may so notify Borrower in writing,end,in
<br />�, • �, �*'�� ' such case Horrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shAll molce up the
<br />� .. defkiency ln no more than twelve monthly payments,at Lender's sole discretion.
<br /> �•'��' `� Upon payment in full of all sums secured by this Security Insaument. Lender shall promptly refund to Borrower any
<br /> h � ""'"''� Funds held by I.ender. If,under paragrnph 21,Lender shall acquire or sell the Propeny,L.ender.prior to the ucquisition or
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<br /> , 'v t:_ ' �� Sa�Q Uf lhC pl'O �
<br /> perty,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums
<br /> secured by this Security Inswment. -
<br /> � ==`�� � 3. Application ot Hnyments. Unless applicable law provides otherwise, atl payments received by L.ender under =
<br /> .".':>, r • _
<br /> ,. � :.;,r. paragraphs 1 and 2 shall be applied:first,to uny prepuyment chargea due under the Note;secand.to amounts payable under -
<br /> , . �' ;�;;r;��., paragrnph 2;third,to interest due;fourth,to principal due;and lasl,to any le�e charges due under the Note.
<br /> �,,,,.,�„ 4. CharQes; l.iens. Borrower shall puy nll �uxes, assessments,charges, fines and imposi�ions attributeble to the
<br /> Property which may nttain priority over this Security Instrument,and leasehold payments or ground rems,if riny. BorroK•er
<br /> n
<br /> � �"� shall pny these obligations in thc manner provided in purugraph 2,or if not paid in that munner,Borrower shall pay them on �
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<br /> ,..�,s;�; time directly to Ihe person owed payment. Borrower shull promptly fumish tu Lender all nutices of amowns�o be paid under
<br /> ,y ;�:.-;.: a •� this paragraph. If Borrower makes the.ge payments directly.Bortower shull promptly fumish to Lender receipts evidencing -
<br /> ..°u,rr-..,, the payments. _
<br /> � ' '� �� Borrower shall promptly dischurge uny lien which has prioriry over this Security Instrument unless Borrower:(a)ugrees -
<br /> `" .•���` in writing to the payment of 1he obligation secured by the lien in a manner ucceptable to Lender,(b)contests in gaod faith the °
<br /> '�`'�"�`�� licn b .or defends u ainst enforcement of the lien in,le al oceedin s which in thc Lender's o inion o rate to revent the
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<br /> ., enfor+cement of the lien;or(c)secures from the holder of the lien an agreement sAtisfactory to Lender subordinuting the lien
<br /> �'�'�' "� d to this Securi Instrument. If Lender determines that an art uf ihe Pro is sub'ect to u lien which ma uttoin ori1 -
<br /> , 'c" • �Y Y p P��'�S'�' J Y P� Y _
<br /> ��`'� ,;�+.` over this Security Inswment,Lender muy give Borrower a naice identifying the lien. Borrower shall satisfy the lien or take =
<br /> � " `'a d.`:' one or more of the s�ctions set f4rth above within 10 days of the giving of notice.
<br /> � S. H�rd or Property lnsurance. Borrower shull keep�he improvements now eaisting or hereaRer erected on�he
<br /> • � Property insured against loss by fire,hozards included within the tenn"extended coverage"and any other hazards,including -
<br /> , • ` � floods or Flooding. for which Lender requires insuranca 7his insurnnce shall bc muintained in the umounts and for the �_
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