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<br /> TOCi�18R WITH wll tho impovements now or hereafter erected on the property.wxi�II eascments,appurtan�nces.
<br /> and fixtur�naw or hare�fter q put of tha property. All rcplacementa and,ddiQans shdl d�o bo covued by�hl�Security
<br /> la�wment. All of the fans�ain�i�rofmred w in thi�Secwity Insaument iu the"Proporty"
<br /> BORROWBR COVBNAiV7'S ttut Bonawer ir fawWlly�ei�od ot the eatate tiereby canveyed wd hu the�i�ht w�nt
<br /> and�oavay the Prop�y wnd tlwt tho Propa�ty i�unencumbcrod.esapt fcrc encumMrancas of rocord. Bortawor w�rrnts md
<br /> wfll defend RenerWly tho titlo t�the P�operty wgainct�11 cleimr wnd demandc.�ubject ta wty encumbrancer of rccord.
<br /> THI3 SECURI7'Y INSTRUMBNT combines unifarm coven�nis for nadonal use And non-unifom� cove�nt� wfth
<br /> limited vedatione by Juriediction to canstilute e unifotm aecudty in�trument cnvering ad property.
<br /> UNIFORM COVENA!VTS. Botrower nnd Lender covenant u�d ogreo as follows:
<br /> 1. P�ytuent a�PWndpd and Intersrt;Prep�ya�ent�pd I.ato Clur�a. eortawer shall promptlY puy when due the
<br /> pdnci�oi and inte�est on 1ho debt evidenced by the Nota and any pre{wyment and late charges due under the Note.
<br /> FWnd�ioc 7Nxes�nd Imur�nce. Subjx��o applicable lew or to o wriuen waiver by Lender,Botrower shall paY ta
<br /> Lender on Ihe day manthly paymonls aro due undcr 1he Not�,uMll Ihe Nate is poid in tull.u suQa,("Fw�ds"!6vc(a)yearly
<br /> ta�ees and aasessment�which may attein priority over this Secudry Inawment us a lien on the HopeRy:(a)yea�rl�leaschold
<br /> pnymente or ground rents on 1he Pmperty. if any: (c)Yeudy ha�und or propen�r Insurance premiuu�u: (dA ��Y ftaod
<br /> Ineurance prcmiums,ii'any;(e)ycarly mortgoge insurancc premiums. iP any:aad li?w�y sums PaYable' by Norrower to
<br /> � Lender,in accordance vrilh�he provisio�ns of parngraph 8, in lien of�he p�ayment of mongagc inswaoce p�em�ums. These
<br /> ,�• items are c�lkd`Bscmvv Items." Leader may.at uny t�me,collect s�uW hotd Funds�n an sunount not ta exceed�he mmcimum
<br /> amount a lender for a foderally�latod mo�tgage loa� may requi�for Narower�esc�ow aa�ount under�he federatll Real
<br /> Estate SeUlemeM Pmcedw�es Act of 19a4 as ame�ed f'rom tlme ro time. 12 U.S.C.g 2b01 el seq.("RESPA"),ualess anotl►er
<br /> «•r� .'�' IYW 1llal�IIeS IP lFIC F�1IN�S SCIS A ICSSeI'A111011111. I`SO.Lender may.ut w►y time.collect und hold F1mds in an amount nd to
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<br /> exceed the lesser amount. Lender may esdmate �hc amount of FLads due a��he basis af cument data aad reasonablc
<br /> � � •�'"��! estimates of expeaditunes c�4'fulurc Fscraw Items or wderwise in accordance with Applicable law.
<br /> �r`":` � ' ' "'�- The R�nu1x shall be held in an institudon whose deposils are insurcd by a federal ugcnry, inswmentulity, or entity
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<br /> ,�:+;:���i�r, •r:.�•,�ir�'''.���y`c�'e�(,� (including I.enQer,if Lender is such an in�titut�on)or in any Pederal Home Loan Bank. Lender shull apply the Funds to pay
<br /> �'{i,+��;,�':� 'i' ,��i?� the Escrow Itoms. l.ender may not churge Borrower far holding wid applying Ihe Funds, unnuully enalyziog the escrow • _.;�
<br /> •,,:�• ;,.�� accoun� or verlfying the 6scrow Items, unless Leoder pays Borrower fMeres�on the Fundx and upplicuble law permits
<br /> ,•• c.'.3��`�,,a �:-..;�.�� Lender to make such a ch;uge. However,L.ender muy require B�rrower�o puy u one-time churge for an independent real
<br /> •'� y�:�rr';• eatate tax repo�rting scrvice used by Lender in connection with thls loan,unless applicable law provides otherwise. Unless an
<br /> t "�f,'�>' '�'�;;,,���z;,� agreement is amude or applicuble IAw req�iires inter+est to be pnid.Lender shell nat be required ta pay Borrower any interest or
<br /> ':.s;',.'' � t�:•..:;,�" eamings on Ihe FLnds. 8orrower and Lender may ugrce in writi�g.however,that intcrest shall be aid on thc Funds. Lender
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<br /> , shall give to Borrower.without charge, un annual accoun�ing of ihe Funds,showing credits and ebi�c to the Funds nnd 1he
<br /> ��sa'''�°�►`.� pur�wse far which each deblt to the Funds was made. 'Phe Funds are p7edged os udditional secu�ity for aU sunm,Kcured by
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<br /> .� .., ''**�°°'� this Securiry inaqument.
<br /> �'� :,� .'.:' !f the F�nds held hy l.ender exret�the a.+nounl�pennitted tn 4k�3�e1� hy �pnlicuble luw. Lender shall uctount ta :�t.
<br /> `•��-k,;�R .. ' . •:;;;:, . Bomower for the excess Funds in uccordanre with the reyuircments oP upplicAble luW. If the amount of the'Funds held by
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<br /> ' �`•�� � �'' ' `'•' 1.endcr at any time i�not sufiicient lo pny�hr E.�rrow Items when duc. Lendcr mav w n.3iifti B-��rrowcr in wrizing,und,in
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<br /> �' ' "`�t,;`'� ;�•::w; such cuse Borrower xhall pay tr� L�nder the ar�nc�um necessury to muke up the d��icienc}•. B�rrower shu9� mu3cQ up thP
<br /> ; . �;�;�,;#'.��� , . � • deficiency in no more tha�e a�ce9re on.�nthly gu�menu,u�l.ender's sole discretion.
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<br /> •,!�:,,r Upon pnyment in full c+ti ul�Aums secumd by tbi,Secudty Inswment,Lender shall promptly refund tn 8orrc�we�suaa-
<br /> � .h;�: ,,,; Punda held by Lender. If.unr�r p�amgrnph�I,Lender shall ucquire or sell the Property,Lender,prior to the ucqui�it�:*n ov
<br /> �;%'„`,. ' � � sale of thc 1'roperty,shnll npply any Func��held by Lcnder at �he time of acquisition ar sale us a c�+edit againat the sums
<br /> •"•" �'�•'''.� , �- °:� secu�ed by ihis Sccurity Insuument.
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<br /> ' �� "'j":"� • 3. Appllcadon of Paymenta Unless upplicublc luw provide� otherwir,e, ull puyments received by Lcnder under .���•.
<br /> �� �'�� "` � h41 �d 2 shall be u Ned:flrst.to an r+e u ment char e�due under�hc Note;recond,t�umounts payable under ,i�t�►
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<br /> ;,� , .. . .-: parngr�ph 2;third.ro intcrest due;iaurlh,ta prinripnl duc;und la�,to uny lute churgc�due under the Note.
<br /> _ � . ;,���,; 4. Chqrges; Liens. Barrowcr ShAll pay all tuxes, assessmentx, churge,, �nex und im��itionx atuibuwble to the .i��'�
<br /> ��`��'' + •� fhapeny which mAy uttuin priodty ovcr Ihix Security Instn�mcnt,und Ieusehold puynxntn or ground rentc, if uny. Borrower f:.i!i
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<br /> `'f;`,' ' � ?>�• � �� shull pny these oMligutions in thc rosmner provided in purugruph 2.or if not puid in that manner.BoROwcr xhall pay them on :�'�r
<br /> '�'� ` � �"•^•"���- time dirccUy to the penon owcd pnymcnt. Borrower xhull promptly fumi�h to LenJcr ull noticeti of�mauntx lo be pnid under ^�'•�
<br /> ��� ' • � this m h. If Bomawcr makcs thcsc n ments dir�ectl ,Bomnwer shull rom tl fLrnish to Lender recei ts evidencin ��•��
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<br /> '�� the men�s. �
<br /> �' • ' ��ormwer sh�►If promptly dischurge uny lien which hu+prioriiy over�hin Sccurity(n�tn�men�uule,.B��ruwer.(n)agrees "'`"".�"
<br /> y � in writing to the puyment uf the obliga�ion securcd by thc lien in u munner ucccptablc to Lender;(b►contests in�oai fa�th the 1.�
<br /> �� � lien by,or defends uguinst cnforcement of thc licn in,Icgul prcxecdings which in the Lender's opinion opernte to provcnt thc
<br /> ;��:-'-� '':�. enforcemenl of the lien;or(c)secures from thc holckr of thc lien an ug�emcot�udtifucWry to Lender�ubordinating the lien
<br /> � � '• ' to this Security Inswment. If Lender determine.thnt any pan of the Pn�crty i+�uNject to u licn whlch may Uttain priority -�,�.:
<br /> , }ir.� 6 over this Security Instrument,Lender muy give 8orrowcr u notice identifying the Ifen. Borrowcr shull sa�i�fy thc lien or wke � "'
<br /> ?�z^- f�•�� o�or more of the action�sct forih above wlthin IQ duys of the giving af notirr. ��;��•�'
<br /> ' +' � '��� � ' S. H a�r d o r P ro p e r t y I n s u rn n ce. B o r r u w e r s h u l l k e c p t h e i m p ro v e rn e n t+ n o w e x i s t i n g o r h e rc a f�e r e re c t e d o n�h e :i:,,`.
<br /> � t � Propeny insured ugninst loss by tire,hiizanls incluJed wiihin the term"ex�rndcJ raveruge"und.my other hozur+d.r•,including
<br /> ,. ',, � � � floods or flooding, for which Lender r�equircti inwrunce. This insuruncc �hull In maintuincJ in the umounts und for the k��.�'�
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