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<br /> y�:�l TOCiETHER WITtt nll the improvementx naw or hercoPtcr erected on�he propeny,und ull cuxememx,appuncnonccR,
<br /> x��� and tixturea now or hercafter a part of the propeny. All replacementx und udditions shall olra bc covered by thi�9ecurlty
<br /> � Insuumem. All of�he foregoing i�refemcd to in thic Securily loattument ns thc"Property."
<br /> ,�, "� BORROWER CQVENANTS that Borrower is Inwfully�eised af the extate hereby conveyed und hus the dght to grant
<br /> and convey the Propeny nnd t6et the Property is unencumbered,except for encumbronc.:s of recard. Barnower wArt�utts and
<br /> �' will defend generally the title to the Property agulnst all clairos und demat�ds,xubject to any encumbranccx af record.
<br /> A THIS SECURITY INSTRUMENT combinea uniform cavenan�s for natianal uze and non•u�iform coverwnt� with
<br /> :�v������"� limited vndadons by jurixdiction to constitute e uniform serurity inntrument rove�ing real property. �
<br /> UNIFORM COVBNANTS. Borrower and Lender covenent ond ogrec us Follows:
<br /> ' "..�.�,�..x 1. Pwyment ot Principal ond Interesti Prepayment And Late Chprges. Borrowcr sholl prompUy pay when due ihe
<br /> -��-�, principal af und interest on�he debt evidenced by�he Note und uny prepuyment and late chargeg due under the Note. --
<br /> --�- -°-Y�.:;�� 2. Ftinds for 7�uces and Insut�nce. Subject to Applicablz luw or to a writtan wuiver by Lender,Bo�rawer shall pay to
<br /> �'""`�'"` � Lende.r on the day monthly puyments are due under the Note,until Ihe Note is puid in full,u sum("Funds")for: la)ycarly
<br /> "�H',a�� tuxes and assessments which may aunin priority over this Security Instrument as n lien an the Property;(b)ycarly leaschold
<br /> -- �--_�'"``s.;��,��, �• Payments or graund rents on Ihe Property, if any; (c) yeurly hazard ar property insuroncc prcmiums; �d) yearly flond -•-
<br /> _ �*-- insurance premiums, if any: (e)yearly mortgnge insurance premiums, if any: and (� any 4umx paynble by Bcxrower tc� ___,..
<br /> — `''��•- > °� Lcnder, in sccordance with the provisians of puragrAph 8, in lieu of the payment of mortgage insurance premfums. Thcse
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<br /> ��.,:�;..�_�b. i�ems ure cnlled"I'sscrow items." Lender may,at nny time,collect and hold Funds in an amaunt not ro excced the maxirnum —.
<br /> '�;�e,'•__. ' amount a lender for a fedetally related mongage lonn may reyuire for Borrower!� escrow account under the federnl Rcu1 �
<br /> �-�'�.;L,,;i�,, Estate Senlement Procedures Act of 1974 As amended from time to tlme, 12 U.S.C.§2601 e►.cPy.("Pt�SPA"),unlexs anaher �.��
<br /> °" �-�T-•..�.�:' law thal applies to the F�nds sets a lesser amount. If so,Lender may,at any time,collect wid hold Funds in an amount na to � -
<br /> — ="�4-=�'�•. .. excecd tho Iesaer amount. Lender may estimate Ihe amount of Funds due on the basis af curtent data and reaso�oble ��
<br /> _-_ ""'°'-'-`�c►u•� estimates of expenditures of future Escrow Items or othenvise in accordunce with applicable Inw. �
<br /> �� . �� The Funds shull 6e held In an instituaon whose deposits are insured by a federal agency,instrumentcdiry,or entity �
<br /> --.-- �r� - � ' . (including Lender,if Lender is such an instiwtion)or in nny Federal Home Loan Bunk. Lender shall apply the Funds to pay —
<br /> � ` "' the Escrow Items. Lender muy na chur�e Borrower for holding s�nd applying the Fundx,annuully unalyzing the escrow �-,
<br /> -�� t' account. or verifying Ihe Escrow Items, unless Lender pnys Borrower interest on the Funds and applicablc law permits
<br />" • �• .. Lender to make such a charge. However, Lender may require Borcower ta pay u one-time churge for an independent real
<br /> � � estate tuu repcming service used by I.ender in connection with this loan,unless applicable law pravides athenvise. Unless un
<br /> _�z•i' ,. agreement is made ar applicable law requircs interest to be puid,Lender shall not be required to pny Borrower any interes�or
<br /> ,;;;,� , earnings on the Funds. Bortowr,r und Lender may agree in writing,however,thnt interest shull be paid on thc Funds. Lender -
<br /> -_, "•` ' shall give lo Rorrower,withaut churge,an unnuul uccounting of the Funds,showin�credits and debits�o�he Funds und the o=
<br /> =- ���� :.� �. purpose for which each debit to the FLndx was mude. The Funds ure pledged as udditionul security for ull sums aecured by
<br /> -__: ,�, this Security Instrument. —"
<br /> - _����-�. _.'-� , If tlw Fund� held by I.ender PxCPP(I �IIP mm�un�s �ertnined to he held by upplicable law. Lender shall accaunt�o =___
<br /> �`�` `' � Borrower for the excess Funds in accordunce with the requirements of upplicuble Inw. f�the umuunt of the Funds held by
<br /> " '� � Lender at any �ime is not sufl icicnt to pay tIx Escrow Items when duc.LenJcr muy so nrnify Borrawcr in writing,and,in
<br />- ""� �A� xuch cuse Borrower shull puy to Lender the umount necessary to muke up the deficiency. Borrower shall muke up the --
<br /> � 'o' '�"' ' � deficiency in no more thun[welve monthly paymentx,ut Lender's tiole diticrelion.
<br /> . •..• - ' Upon puyment in full of ull sums secured by�his Securiry Instrument,Lender shall prompdy refund to Borrower miy --
<br /> • Funds held by l.ender. If,under purngruph 21. Lender zhall ucquire or sell the Propeny,Lender,prior to the acyuixition or
<br /> � ��* � sule of the Property, shall upply uny Funds held by Lender ut the time of ucquisition ar sale ux u credit aguinxt the�umti __
<br />- ��. ° ' ., secured by this Security Instrumcnt. �
<br /> ,• 3. Appllcation oP Payments. Unless upplicuble luw provides othcnvisc, ull puyments received by Lcnder under
<br /> �-���• • �� paragmphs 1 and 2 shall be upplied:f nt,to any prcpaymcm rhurgeti Juc under�hc Notc;xecond,lo umounts payablc under �
<br /> � ` paragmph 2;third,to interesl due:founh,to principul due;und lust,to uny I:�te charges due unJer the Nole. =
<br /> ��""�' ' a. Cl�arges; Liens. Borruwcr ,hull puy uU tuxcs, usse,smcnts, chnrgcr, tincs and impo.itiun, attributuble tc� Ihc "-
<br /> ••� � Propeny which may�uain priority over this Sccurity lnstrument,and Icauhold payments�tt grouix)reniti,if'i►ny. Borrower � ,_.
<br /> . shall pay Ihese c�bligutions in the munncr providcd in purngraph 3,or if not paid in thut munner,Borrowcr shull puy thern on �.<
<br />, ' ' timc direcdy to thc prrson owcd paymcent. Borcowcr tihall prompdy fumi.h to Lcndcr ull noti�c.uf amaunts lo bc paid undcr ``'
<br /> '" - this p;uugruph. lf Borrower mukes Ihese paymentx directly,Borrower shafl prompdy furni,h to Lender receiptx evidencing � _
<br /> , : the payments. �:;r;
<br /> _,, Borrower shall promptly dischargc uny lien �vhich hns priority over this Security In.tnsment unless Bonower: la)aLerees -
<br /> in writing to the payment of the obligation xccurod hy the lirn in u munner ucceptublc ro Lender;(b)cumest�in good fuith the
<br /> ' ' lien by,or defends uguimt enforcement of thc licn in, legal pr�xccdings which in thr l.ender;opinion oprrate w prevent thr
<br /> .„ ,. � • ° ' enforcement of the lien:or Ic)secures From thc holdrr uf thc lien an agrcement sutitifuctorv to Lcnder xubordinnting the lien
<br /> • . to this Security Instrument. If Lender determine+thsit any purl uf thr Pmperiy is,ubject lo u lien which muy ullnin priorily
<br /> ° over this Security Instrument.Lender muy givc BoRUwrr�n�Nice iJentifying the lien. Borrowrr xhull�u�i+fy the lien or �ake ,•
<br /> • ` one or morc of thc uctions set fonh alwve within lU Juy,of the givinE uf notice. � '
<br /> � � .. 5. HAZard or Property Insuranre. Borrciwrr.hull kecp thc improvcmenl�now cxisling or hercattcr enrted on thr ;
<br /> � Property insured uguins�loss by fire,haiards inrluded within thc tcrm"rxtrnded rovcrage"and:my uther har.s►rds,inrluding
<br /> • �� „ floods or Ilooding,fnr which Lender rcyuires insurance. This insurance zhall fxx mrintuined in the amnunts�►nd fo�Ihe �
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