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<br /> aE•RECOROF.D ��a� 1OAO16 �93�1�9
<br /> TO(1B77iElt WITH dl U�e Mprovaneats naw ar her�caftM erncbd on the propertY�and all easemcnu,appurtraioncc��
<br /> and fixtura now or F�erwiter�put oP thc propeKy. AN rcpl�cemau� and udditions slwll�Iw bc covored by this Socurity
<br /> Imavma�l. All oP Ihe forc�oin�i�rcfamed to in Ihi�Secudty lmwmmt u the"F'ropeAy."
<br /> BORROWER COVENAN7'S th�t Borrower is I�wiully�ci�ed of the eatpte hercby convcycd end has the right to gnnl
<br /> uid canvey the Property and that�he Propeny is uncncumbered,eKCept for cncumbrancca of rccord. Bormwer wrn�ants and
<br /> will defend gencrAJly the titic to the Pmpeny�aAinst all cidms�nd demands.suhJec�to orry encumbranccs of rccord.
<br /> THIS SECURITY INSTRUMP.NT com6ines unifatin covenmis for na�ianal use and non-unifatn covrnwnu with
<br /> limited vuiations by judsdiction ta canstitute a unii'artn saurity inxuumen�covering re�►1 properiy.
<br /> UNIFORM COVENANTS. Bo�rower and L.ender covenant a�M agree as follows:
<br /> 1. I'�yment of Principd wnd Iakn�sti Prepsyment aad Lote Cbu�a. Horrower shall pn►mptlY I�Y wheo due the
<br /> principal of and ioterest on thc debt evidencad by tho Note and any prcpaymcnt nnd late chargcs due under iho Noto.
<br /> 2. Funds for 7luces aad lawnna. SubJect to applicable luw ur to a written waiver by Lender,Borrower shall pay to
<br /> L.ender on tha day monthly paymenta u�c due uncler U�e Note.until�he Note is paid In full,a sum("Funds")for.(a)yearly
<br /> taxes and assessments which muy att�in priority over this Security Instrument as a lien on the Propeny;lb)yeuly leasehold
<br /> paymems or ground rents on the Praperty,if any; (c) yearly hazard or prc►perty insurAnce premiums:(d) yearly flaod
<br /> insuronce premiums. if aay: (e)yearly moAgage insurAnce pnemiums. iF uny; �nd (fl any suma payable by Borrower w
<br /> I.ender.in accordpnce with the provisions oi paragrnph 8,in lieu oi ihe payment of martguge insu�nce premiums. 7'hese
<br /> ftems are c�lled"Escmw Items." l.ender may.At any time,collect md hold Funds in an amount not�o eaceed�he maximum
<br /> amount a lender for u federally related mongage loun may requ[re for Borrower�s escrow account under the federal Rral
<br /> ,r'•� Estate Se�Uement Procedures Act of 1974 as wnended from timc to time.12 U.S.C.§2601 er scq.("RESPA").unless w�other
<br /> ����' �� � .�� ,. law that npplies to the Funds sets a lesser amoun� If so.Lender may,at any time,a�f�ict and hold Funds in an amount not to
<br /> •,�� � exceed the lesscr amount l.cnder may estimate the amoant oF Funds due on 1he bnsis af current daa and�eawrwble
<br /> �` ' r �,: t estimates of eapenditures of future Escrow Items or dherwise in accordance with upplicable law.
<br /> %� , u� t�,., The FLnda shull be held in an institWion whose deposilx are insured by a federal agency, inswmentality, or enti�y
<br /> �:.: . rr (including Lender,if Lendcr is tiuch an in�titution)or in�ny Federal Home Loun Bank. Lender shAll apply Ihe Funds to pay
<br /> the Escrow Items. Lender may not charge Bomower for holding and applying 1he Funds,sumually analyzing Ihe escrow
<br /> ;.;_�,:'...'.'.•�.�r'. . account. or verifyins ihe Escrow llems, unless Lender pays Borrower interest on the Funds and applicable law permi�s
<br /> �� �,;�!,.' I.ender ta make such u charge. However. Lender muy require Borrower to puy u one•time charge for un independent real
<br /> ""�'"'' ; estate taz reporting service used by l.ender in connecuan with Ihi s loan. unless applicaMe law provides otherwise. Unless an
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<br /> ,.�,:.•-;•... . � asr�eement is mxde or applicuble law reyuires intenest to be pvd,Lendec shall not be requinKl to puy Bortower any interest or
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<br /> ;hlt..•.� . • enmings on the Funds. 6omower�nd Lendcr may agree in writing,however.that inlerest shall be paid on the Funds. Lender
<br /> . �'•'=�"�•' . t', shall give to Borrower,wilhout charge,an annual accouMing of'1he Funds,showing credits and debits to�he Funds and the
<br /> � � �� :J , purpose for which each debi�to the Funds was made. 77ie bUnds are pledged as additional security for all sums se¢urad by
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<br /> i`��:,:,• ; �his Secudty Inshument.
<br /> •���•.�� � • • If the hunds held by l.encier exceed the amoums permi�ied�u tx i�id Ly app�i.:abla iaw. 1.ender shait accout�t io
<br /> l • � '�' Borrower for�he excess Funds in Accordnrcee wi�h the requiremen�a of applicnble IAw. If the amount of�he Funds held by
<br /> �' �"`' l.ender at nny tima is not sufficient to pay�he Escrow Items when due,l.ender may so natify Borrower in writing,and,in
<br /> ' '' ��' �� ��.��1 such case Bortower shall pay to Lender the Amount necessary to malce up the deficiency. Borrower shall make up the
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<br /> �, „ deficiency in no mone�han�welve monthly paymentr�.ut Lender's solediscretion.
<br /> Upon payment in full of all sums secured by ihi. Sccurity InstNrnent, Lender shull promptly refund to Horrower any
<br /> • • Funds held by l.ender. If,under pamgmph 21,Lender shall ncquire or SeU the Pmperty,l.ender,prior to the acquisition or
<br /> . ' sale of the Praperiy, shall upply uny Fundx held by Lender al the lime of ucyuisilion or sale a4 t�credit aguinst the sums
<br /> " ^ � secured by this Securily Instrument.
<br /> . .:;�.,:,� :" 3. Application ot'Payments. Unless upplicable IAw provide+ otherwi�e,all pAymentg received by l.ender under
<br /> c • �' �� •• paragraphs 1 and 2 shall be applied:firsl, to uny prepayment chsuges duc under the Note:second,to urnounts payable under
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<br /> � �•:�:� ;;:,,; paragraph 2;third,to interest due;fourlh,to principal due;and luw,a any late churges due under the Note.
<br /> � ��'`"''r�� 4. Charges; l.iens. Borrowcr shall pay s�U taxes, asxetisments,chnrges, fines und impositions attributoble to the
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<br /> �.� �•,�� Property which may nuain priority over ihis Security In�lrurnent,and lea+chold payment,or ground rents.if uny. 9orrower
<br /> :��•� '� ahall pay these obliga�ions in the manner provided in pumgraph 2,or if not puid in thut munner,Borrowcr shull pny them on s�
<br /> j�%" ` ���`��� time direclly to the person owed payme�x. Borcawer xhAll prompUy fumish to Lcnder ull notices of am�urns to be paid under "
<br /> ;�„ .� this paragmph. If Borrower make�these payments diractly,Borrower ,lu►II promptly furnizh to Lender receipls evidencing �
<br /> - - -. ;;.,; the payments. �;'i�
<br /> . Borrower shall promptly dischnrg�any lien which has priority over�his Security Inxtrumenl unless Borcower:(a�agrees
<br /> �2'�; • • • , . ���� in wri�ing to the paymenl of Ihe abligatian secured by thc lien in a manner ucceptable to Lender,lb)contests in good faith�he
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<br /> ;,,��:..,: . lien by,or defends ngainsl enforcerncnt of Ihe licn in.Icgal pr���cding�which in�he Lendcr's opinion operotc to prevcnt�he
<br /> � � ••� enforcement oP the lien;ur(c)secun.from�he holder of Ihe lien an a�reemem xa�isfactory�o Lender subordinuting the lien ��•,;
<br /> `��'":�' �� to this Securiry Inslrumem. lf Lender detem�ines tha�any pan of'�he Property ix vuhject to u lien which mny oltuin priorily
<br /> �� ���V� over this Security Instrumem,Lender may give Borrower•r rx�ticc ideneifying�he lien. Borrower shall sotisfy the lien or take .�
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<br /> t� ,'.'�A%• ' �:�y one or more of the actions set forth •rbove wNhin IU days of thr giving of notire. :;.t.:
<br /> • � �.+',t S. Hazard ot�Property InsurAnce. Bortower.hull kccp thc improvemenh now exi�ting or hercafter crccted on�he
<br /> �i � � �•�•� Property insured oguintit loss by fre,hcuurds included within Ihe term "extended coveraFc"and arty other hazard,,including
<br /> ` ' tloods or flooding, for w•hich Lender rcyuiR+ inwr•rnce. Thi. intiurunce shall Ix maintain�d in the urnounls and for�he
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