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<br /> ��_ TOGBTflLR WffH all the impravemsnt�naw pr deteafter e�ected on the propetty.and allrasa�eats.eppurtea�nces. ' .
<br /> _ = and fixwrcs aow or hereatter�put oE tha peopen3►. AIl teplacemsnts and addirions shall aLw!k'covered by this Secunry .
<br /> � , Insuumeat- All bf the furegoing is cefenpd m in this Security tnstrument as the"Ptaperty." �
<br /> � BOREtOWER C'OVEN�.NTS that Bo�rawer is tawfuliy seis�aEtIle estate tureDy conveyed and 6asthe dght tdgant
<br /> - � and canveg the avpEny and that the Prapeny is unc�icumbered.except foreacumbr�nses of record_Barrower warr�tits and
<br /> - . � rvi11 defend generally tlte citte to the Pmperty againsc all ciaims aad dertiands.suh2ea to any�cumb:ances of record �
<br /> 'f�S SECURI'i'Y INS7RU1V�N7'combines m�ifrnm�venanu f�r national use and noa-unifonn covenants wfth .
<br /> timita3 variations by jurisdi��tion to consdmte s unifarm see�erity insuutneest covecin�real properiy
<br /> �—
<br /> '�-, - UMFQRM COYFNANTS. Botrower and Lender covenani and agree as foliows: w6eu due the
<br /> ' 1. Pltyment ot Priecipal and intaxst:Pn�sFments�ad Late C�rgR.s. Bamuwer shatl promP�9 PaY
<br />- ��`� prinsipal of aad incenesi on We debt evidenced by the Note and any prepayment and late d�arSes due wtder the Note.
<br /> - �`� 2 Fands for't3n[es aa�d ias�ae� Subject to appticable taw or to a wriuen waiver by Lender.Horrower shaU pay to
<br />'• `'• � .,;�;_ L.ender oa tl�e day mantWy payments are due vnder the Noce.unU7 the Nate'u paid in fali«a sum t"F+mds)for:(a)Y�Y
<br /> . �- �:� taxes and assessmenu wttich may attain prioriry over this Security h�stnunenc as a lien on the Propest�t:(b)Ye:vty teasehoTd •
<br /> payments or.graund rents on the Pro�e�ty. if any: f�l Y�Y ��or property inswance prerruums: (d}yearly flvad
<br /> � �':; insurance premiums.if any. (e)yeartY cnortgage ins�uartce Qremi�uns.if any;and(�any sums payable bp Bwmwer to _ .�.
<br /> --- �- - Lendes;in acco�dance witb the provisions af paragraph 8.in li�of the paymeQi of mortgage insurance premiums. 17tese �-�-- _
<br />- '�"i� item5 are called"Esrmw Itans." Leader may,at any time,collect and hotd�nds in an amounc not to exceed the maaimum --
<br /> '�::i" �—
<br /> amaunt a lendez far a Eederall celated mo e toazi ma niie for Ho�ower's esctow accoutit under the federal Real �±���-
<br /> :•. Y �S. Y�I �se �-
<br /> ��'�• Fstate Seulement PYacecH,�ms Act of.1974 as amended frnm time to time.t 2 U.S.C.§2601 et seq.C'RESPA").untess anothet .:.
<br /> �� �r�� � � taw that appl�es tu ti�e�unds sets a tesse�amovnt If so.Lender may.at aay time,collect and hoId Funds in an�naunt IIat to • �-°
<br /> � � �1�-::
<br /> . _'r;'.',�; exceed thc lesser aveaw+.t I.eird�may estimate the amount of fiunds due on the basis oi cumnt data and rrasonaEste ,��-
<br /> ' � '?�.�:`;� � estimates of expendi�ie�s of fumre Escrow[tems or ahe�wise in`acaordance vr'ith applicabte law. � �- --
<br /> ; ` z ."��:` .• 'i1�e Funds sfi�tie held in an institutian whose deposits are insura�Q;F'.a federal agency.iastn:ai�atality.or•e;�ity , �u'°
<br /> halt `�� �ue Fwtds to a �'�-�:
<br /> � • ,-•.`"��� • � � (inciud'mg Lender,ificnder is sucb an instituuon)or in any Frderal HomeErs�ui;3ank Lender�. 3,�..�~3r� �, � Y ��•-_-
<br /> ���vif.Items. Lender may nat charge Barrower for hoiding and.appl��'the Fundc..�nnually�.r�.�.F;zing che�w �?�?f:-
<br /> =�:�i�}�.�." . accev��.�si�verifying the Escrow Lt�ms.�unless Lendev pays Borrower interest on the��?�y.and appSicable law�..�s ��"'' �-
<br /> �,=;�`r: ., .• I.ender tu make such a charge.. If�ever,Lender may require garrower to pay a oa���ara=ge for an independer�i�.:.� «� -
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<br /> estate ta�c repoftirig senrise used[�}��ender in connection witb this toan,untess applicabl�C�+��;�vides otherwise. Uri.:.�s� . r��
<br /> ' " �'� ��� a eement.is made� �TPlaw u�res intziYSt to be aid.Lender shall not be r�q��•to pay Barrower any inteie`s�i ar '�"'�"``-� �''
<br /> • ` gr �'. , - �l P � ��= '
<br />: �;�X'•: � . L . eamings on the Ficr.�.�.:����c-��:d Lender may agree in writin�,howevec,that interest s�all be paid on ihe Funds. Lender , ` � «.. _
<br /> � ��-�:". s6all give to Borrc�:�•+�,��ds:�;s.an annual accounting of the Funds.shawing cred.ies and debits to the Funds ac{d.t�e �� `' - � ��r�';■;��.
<br /> -�;�e- . :f, , " 'f���'9, --�-.
<br />� - � :-:;�,,, purpose for which��-�.:�nt.���i�:�'unds was made. The Furs'.�are ptedged as additio;,:�[securiry for all sums sec�iw , ;.t;r,:��
<br /> �4 . this Security 1ns��r `� `'- ��t���',����
<br /> �f ihe Fund;���:�y Ler�.'er,�xceed the amounts permi"'�d to be.held by applicable 1aw. Lend@s:shall acarr�t.to ,` , 4 ,,�-,�r.`
<br /> • ..;.-'�"�. ; , • , _ • .. .—
<br /> '--�1. • Bor�ower for the ex�ss Funds in accardance wiil�the requiremeats of agf:ii,�fe law. If tl�e amaunt oEt3sra Funds iieFd by .,_�____
<br /> � Lender at any tima ss nat sufticietn tn pay the Escrow Items when dae.ke�c1:er may so notify BorroK�e.::�ariiing.and.in —
<br /> '� , :�.:. �;�"�' ` suc�case Borrower shall pay to Leadec the�amount necessary rr�cnake erp the deficiency. Borrower sY�EI make up the ��,��.��=—
<br /> , =� • e�i;` ., deGde�cy in no more tf�an twelve tsionthly payments,at Lender's.w�i�:discreUan. . � .d'�'�;� �;f, -
<br /> '_:��' " �,Tpon payment in full of a11 sums secured by this Securitg�T.�asumant,Lender shalt prompity refund to Borrower any , ,,�iY �l�^�::
<br /> , .�..f•,.:� �.�1J..it�.y .,,:.
<br /> • ' � Funds held by Lender. lf,under paragraph 21.Lender shap acqai�or seU the Property.Lendet.prior ro the acquisition or ;; � �Y•:
<br /> . = " . ' sale of the Property.shaU apply any Fundc held by Lender at the time ef xcquisition or sale as a credit against the sums • � r �`:''��
<br /> �'`�' � secured by this Security Inswment.
<br /> . 3. Appltcation of Pl�yments. Unless applicable law provides othrnvise.a l l paymea�s receiv e d by L en de r u n d e r . � "��
<br /> �•���? para�aphs 1 and 2 shall be applicd:iint.ta any prepaymcnt charges due under the Note�s�onQ.to amounts payable under , _
<br /> • . � '�s •� . , para�raph 2:third.to interest due:fourlb,to principal due:and last.to any late charges dae urd�r the Nate. . =--_
<br /> " '''h � �•� ' . 4. Cha�ges;Uens� Borrowcr shall pay all taaes. assessmen�c. charges, tines a-.d +mpasitions anributable !o thc •
<br /> +:..
<br /> ' � , Property which may atEain priority over this Seturity laurument,and lea5ehatd payments or graund rents,if any. Borrowcr . .. .. _
<br /> . . � � `'' i ' shall pay these obligutians in the manner provided in paragraph 2.or if not paid in that manaer.Borra•aex s;�all pay them an _
<br /> `�rT . � .. . . .
<br /> :•,k. •�•• • tur,e dr�ctly to the person owed Qayment. Bomower shall promptly fumish to l.ender aU rr_r,:.ces of arr:aaccs to be paid under
<br /> � .,;J,<<;,. ,
<br /> , °`(;i�:;,�,: tP_i;�ssr.�aaph. If Borrower makes these payments directly.B�nower.hall promptly fanesFs:o l.ender receipts evideacing ,;�;:+ ,
<br /> . �'` ����::��a,. ih;�,a,:;r,a...an�s. �,.
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<br /> '•��' • $orrawer shall Qrompdy dischar�;e any lien whicb has priority aver this Security Instr�:nent uniess Borrower.(a)agrees "'�': , �
<br /> , '►�.-� . '� , .
<br /> `Y•� � in writing to the�,^a.�cRent of ihe obligatian secured by the lien in a manner acceptable to Lender,(b)contests in goud faith the
<br /> ' ��,,� . lien by,or defer,'u:.��inst enforcement of thc lien in,legal praceedings wh:zh in the i.ender's opinion aperate to prevent the � : ,
<br /> =`?'- � enforcement ot i}ie�ien;or(c)iccures from the hotder of the lien an agrecment satisfactory to Lender subordinating the lien • � � . � . : �
<br /> ' ` to this Security lastrument. if Lender determines that any pan of the Property is subject ro a lien whicb may attain Friority i . •;'�`;�•� ",- .
<br /> � '.�r•�:�'`��.'.'� � over thi�Security Instrument.Lender may give Borrower a notire identifying thc lien. Barrower shall satisfy the lie�!cc iake • f ` �'�;��. ; •
<br /> '����``"� � cme ar more of thr•�:ions sei forfh above wi!hin lU days of the giving of notice. � � ,� �, � . .
<br /> 'r..�:.,'.�� .
<br /> , ` , : , 5. Hazard r�Propesty tnsurance. 9orrawer�hall kccp the improvemcnts naw exi�ting ar her,�x:er erected on ihr i` �
<br /> .� ,� ;;��.:,.,',� Propeny insured ap�:ast loss by�re.hazards included within ihe term"extended coverage"and any ottt�-i-azards,including { . :
<br /> ,*.�;?:_•. . floods or flooding.for which Lendcr rcyuirrs insurance,. '1'his insurance tihall bc maintained in the a::ic�unis and fur the � ,
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