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<br /> Tp(fE7'HBR WI'PH all tho Impruvcmcnu now on c�reofter crected on Ihc pmperty.nnd a0 casemcuta.appurtensnces.
<br /> w�d fixturcs now or hereaftcr A pwt of 1he property. All�eplacementa qnd wWitionx shall elco be caverc�l by this 3ecuricy
<br /> InW�nmau. All ot the foreQoin�is aterred to in 1hi�Securiry inswmcnt es the"Ropeny."
<br /> h BORROWER COVENANTS that Bomower is lawfully seical of�he eawtc hercby convcyed and iwR thc right to g�ant
<br /> "' and comey theP�'�rty wnd lhat the F'roperty is unencumber�d.except far encumbran�es of recurd. B�xrower woaanw and
<br /> wil)defrnd�enerWly Iha title to 1he Property a�ainst all cluimr ood demands,suhject ta any enrumbconces uf roeord.
<br /> ,�` THIS SBCURITY INSTRUMENT cambines unifarm cavenonts fbr notfanal use and non-uniform covenants with
<br /> ..: hmited vuriudons by jurisdjctian ro consd�ute a�nifnrtn securi�y in.r�rument cnvedng real propeny.
<br /> UNIFORM COVENANTS. Botrowcr and I.cnder cavenont and agn:e us follaws:
<br /> .�� '• � l. P�ymeryt ot Prindpal aad Intercsti Preppyment�d Lete Clu�rgea. Borrawer shall pramptly pay when due�he
<br /> �� princip�I of and interest on the debt evidenced by the Note and any prepuyment und late charges due under the Note.
<br /> � � 2. �updi�or 71ues and In�urana. Subject to applicuble law or to u wrflten waiver by l.ender,Horrower shall pay to
<br /> '�-�'� '��'�R'd'; Lender on the day manthly paymenls urc due under thc Note,until the Nate is paid in full,a sum("funds")for:(A)yearly
<br /> �� texes and wssessmen�s which muy attain priority aver thia Secudty Inswment ax a lien on the Praperty;(b)yearly lcasehald
<br /> a::..,==—",��; payrt►enls or grounA rents un thc Property. if any; (c) yearly haxard or property insumnce premiums: (d) yearly flaxl
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<br /> insumnce premiums, if any: (e) yeorly mortBnge fnsurance premiums, if any; und(� any sums paynble by Barrower to
<br /> ' Lender,in accordaece wlth the pmvisions of paragmph 8.in lieu of the puyment of mortgage inaurance premiuma. These
<br /> �;,�'�;.- •- items are called"Escraw Items. Lender muy,ut siny time,collect and hold Funds in an amount nat�o exceed the maaimum
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<br /> �!� ,��y��y amount e lender for a federally rela�ed mortgage loam m�y requi►a for Borrower's escrow accaunt under the federal Reai
<br /> •";°i' � � " ' � Estale Sectlement Procediur.s Act of 1974ax amended from lime to time, 12 U.S.C.�2601 et ceq.l"RESPA"),unless another
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<br /> law Ihat applies to the Funds r,ets n lesser amounl. If ro,Lender may,at pny�ime,collect and hold Funds in on amount not ta
<br />�� � ��. t�� �y �° � exceed the lesser amount. Lender may estimote the emount of Funds duc on the basis of current data and reasonable
<br /> � estimates of expenditures of future E.scrow ltems or atherwfse in nccordnnce with applicable lew.
<br /> � a��=, •° � °• Thc Funda shall be held in an instNution whose deposits ure insured by a federal agency, inswmentality,or entity
<br /> • �. (including Lender.if Lender is such An institution)or in uny Fedeml Home Loan Bank. Lender shail apply the Funds to pay
<br /> . the 6scrow Items. l.ender mey not charge Botrower for holdins und applying�he Funds,annually analyzing the escrow
<br /> . account,or verifying the Escrow Items,unless Lender pays Borrower interest on the �unds and applicable law permits
<br /> Lender:a make such u charge. However, Lender may�+equire Borcower to ps►y n one-time churge for an independent real
<br /> � � � estate tax reporting service used by Lender in connection wjth this lonn,unless applicable law provldes otherwfse. Unless nn
<br /> t agreernent is mede or applicable law requires intereu to bc paid.Lendcr shall not bc required to pay Barrower any interest or
<br /> �.• eamin@s on the Funds. Horrower and l.emier may ogree in writi�g,however,that intcrest shall be paid on lhe Funds. Lendcr
<br /> shall give to Borrower�withau�charge.an �nnual accounting of the Funds,ahowing credits and debitti to the Funds and the
<br /> � purp�sc for which each debit�a the Funds was made. The Funds are pledged as additional security for ull sums secured by
<br /> � this Securiry Instrument. '"s
<br /> - - - If ttst Amds held by I..ender excecd thP s�moum� perniitted to bc held by applicoble law. Lender shall account to
<br /> ' ' Horrower for Ihe excess Funde in nccordance with the requirements of upplicnble Inw. !f the amount of the Funds held by
<br /> . �� Lender at any time is nat sufficient to puy the Eticrow Items when due,Lender may so notify Borrower in writing,and,in ''�
<br /> � � ' such case Barrower shall puy to Lender the amount necessary to muke up the deficiency. Barrower shall make up the
<br /> . deficiency in no more than twelve monthly puymen�s,at Lender's sole discreiion.
<br /> Upon paymsnt in full af t►II sum�secured by this Security Instrumen�Lender xhall pramptly refund to Borrower uny •t.;
<br /> ' Funds held by I.ender. If.under psuugmph 21.Lcndcr sh�ll ucquirc or sell thc Property.Lender, prior to ihe aryuisition or
<br /> � sale of the Property,shall apply any Funds held by Lender At the time of acquiwition cx snle as a credit against the.rums �,,;
<br /> �, � • , xecured by this Security Inslrumem.
<br /> 3. Appllesttton ot Paymenta Unless applicuble luw provides othera�ise, all payments received by Lender under
<br /> �I� 2 , paregraphs I und 2 shnll be upplied:fin�,to any prcpayment chorgcx due undcr the Nate;xecond,to amounts payable under ,�..
<br /> � pivagraph 2;third,to in�en�st due;faurth,to pri�cipal due;and lus4 w uny lute charges due under Ihe Note.
<br /> �a 4. Chwrges; Llens. Borrowcr xhall pay ull tuzcs, uti�c,timcnt., chorge+, fincs und impositions attrihutable to thc
<br /> Property which may uttain priority over�hi� Sccuriiy In+lrumcnt,und Ieasehnld puymenl�or ground nnls,if uny. BoROwer
<br /> ;^,. .. �. _ Ahall pay lhesc abligationx in thc manner prcividcd in parugruph 2,ur if n�ri puid in Ihut manncr,Borrowcr shall pay them on
<br /> T';� , time directly to the per.on nwed puyment. B�rcrower�hull promptly fumitih�n Lrnder all noticr.�it'umounts to t+c puid under
<br /> ' " • this pamgraph. if Borcower muker thexe paymenis Jirectly,Bi►rrow�r shull prumpUy fumi�h to L.ender rcceipts evidencing
<br /> ' � the puyments.
<br /> � Horrower shall prompQy dixchurge uny lien which hus priuri�y uver thi�Sccuriry In�trumrm untexti Nortower:la)ugrecs �
<br /> in writin�to the puyment c�t'the nbli�e•rtii�n s�cured hy the lirn in a manner ucc�ptaMr to Lender;(bf contests in gnod faith the
<br /> • . lien by,or dcfends againzt enforcrment of thc licn in. legul pnxceJing.whkh in the Lcnckr;opinion operute to prevent the
<br /> � enforrement of the lien;or(rl�ecurc�fmm �hc h�►Idrr uf�hc licn an u�trccnunt s•rtitil'urtory tu Lcn�kr subordinating thc lirn !
<br /> � to this Securi�y Instrumcnt. If Lendcr dctermines thut any pan��f�hc Pro�:ny i.�uhje�:t:n a licn which muy attain priority
<br /> i t o '� over this Securiry Instrumem.Lender may�ive Hurtower u noticc idrmil'ying the lirn. Borri�wer shall tiatisfy the lien or tuke t
<br /> - one or morc of the actions set fonh u�n•e wilhin 10 day�of the giving ol�uolicc• F
<br /> y � '`" , 5. H�ard or Property lasurance. Burruu•cr shall keep thr imprue�nunt.now exi�ting on c�rcuficr crected on the i
<br /> • Property insurcd against loss by tirc,h:uard�incluJcd�vithin th�Irnn"rxtrndrJ ru�r�agc"und any uthcr haz:uds,inrluding
<br /> ftoods ur ilaoding, for which Lcndcr reyuire� in.urancc. Thi. inwrancc +hall hr muintaincd in �hc umoums and ii�r thc �
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