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<br /> 'I�OCiB1'HF.It WITH tdll the lmpmvements aow a bereafler onxtod on tba p�ecty�,and�Il easementa�aPPurtenw�cea�
<br /> md tixpm�now or heirattu a part of the property. A!I�placementa ond rddldana xhslh�Ino be cuvercd by thi�Socurity
<br /> lartrumen� HII ot the foro�oing i�refenrd w in U�ic Security[naWmaat ea tha"Pro�erty,"
<br /> BORROWBIt COVENAIV7'S that Borrower ia lawfully saic,ed of the e�tnut hateby convoycd and lu�s the dght w grant
<br /> And convey the property uid ttwt thc Property ia unencumbered,e�cept for.onaumbrunaas af nxord. Horrower wernuu and
<br /> wlll defrnd geaerdly the dUe to Ihe Prope�ty a�ainat�II cl�lm�and demandA,cubjaat to nny enaumbrances of rocord.
<br /> THiS SECURITY AVSTRIJMENT carabines uNfrnm wveaunts for nadonpl ue�c and non-wdfomi coveaanus with
<br /> Wnited vadotiom by jurisdicdon to wnatitutc a unlfam�ecurity inwrumant cuvering r�n1,ptqpARy.
<br /> UNIFOItM COVBNANTS. Bortower and l.ender covenant end ag�ea es follows:
<br /> '�" l. P�yment ot Prindpnl�nd later+ect;Prepiya�eat Aad Lntr Chpe�. Bonrowor shnil promptly pay when due the
<br /> prUtcip�of and intenst on the debt evidenced by the Note and eny pnspaymant and IHta chR�gep due under t6c Note.
<br /> ,;,�..,: ., -. Z. Pbnda tor 7Yucea�p�l Iasurance. Sui�qct t4 applioabla law oc W u wiitnan waiver b��,t�ender,Borrower siwll pay to
<br /> ,,."'�._. Lender on�he day motdhly payments erc due under tha Nota,undl tha Note i�ppid in,tullt:a,sum("Funds">for: (e)yearly
<br /> taaes and wssessmenls wbich may Attein priority ovor thia Secudty Instrumem aa e.lian on.d�a Property:(b)yearly leasehold
<br /> � ,,:,.,,:� . PaYmentc or ground rents on the Property. if any� (e) Yoar1Y haatat+d•or P�PPn!► jnsumnaa p�emiums: (d) Yearly flood
<br /> • � .. insurance premiwns.if eny;(e)yearly mongage insuranca p�miuma, if any;and (�an�•sume payable by Bormwer to
<br /> � Lender,in accozdwnce wlth�he provisions af parngraph 8,in,lieu of tha p�ymant.oE ma�uge insurance pnmiuma. These
<br /> .r. r,,���t�' �� Y items a�e called"Escrow Items" L.ender may.at Any time,collact and hpld Funda in.an��maunt not to eaceed the ma�cimum
<br /> emount a lender for a federally neleted mortgage loan may �qqim f4r.B�tmwerR eccmw account under the federal Real
<br /> �'".` ���•"•` Eslate Settlement Ptocedures Act of 1974 ua emended from,tima ta dma,12 U.S.Q.9?.6Q1 et seg.("RESPA"),unless another
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<br /> :�'._=..w.: law that applies w�he Fuada sets u lesser amount. lf so,Lendar may�at�uny dm�,Qallact and hvld Fuods in an amount not to
<br /> ' L;;;;,�,,� .:� , exceed 1he lesser amount. Lender may esdmate 1he amaunt�.af Fund� dua an.�he basis of cument daw and reasonabls
<br /> �' �t�`'^ •"`" ` esdmates of expenditures of future Escrow Items or atherwise in�accordanae with applicabl�law.
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<br /> �'' ••° ' ' The f�nds shall be held in an institudon whasc depositR am insu�d by a federal agency,instrumentality. or entity
<br /> ' (including l.ender,if Lender is such an institudon)or in any�ederal Homc Loan Bank. Lender ahall apply the Funds to pay
<br /> � � �' `:'�„`y'' tha Escrow ltema. I.ender may not charge Bomower for halding and applying the FLnds,annually analyzing the escrow
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<br /> i ` ' � • account, or veritying the Escrow Items, unless Lender pays Borrower interest on the Fbnds und applicablc law permits ,#,�
<br /> � . , �' �.• L.ender ta make such a cha�ge. However.I.ender may require Horrower to pay a one-time charge for an independent rea! �.�
<br /> s � . � ' ' , cstate tax reporting service used by Lender in connection with this lonn,unless upplicablc luw provides othcrwise. Unless en
<br /> , . ' � agreement is made or applicable law requires intenest to be pald,Lender shall not be required to pay Horrawer any interest ar ;�r
<br /> ' , ' • earninga on the Hinds. Horrowcr and i.ender may agree in w�Ung,however,thal interest shall be pnid on the Funds. Lender
<br /> , •° Q.°•' �•��,�, shall give to Horrower,without charge,an annuul uccounting of the FLnds.showing creditn and debils to the Funds and the
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<br /> . purpose for which eneh debit to 1he Flmds was made. The Funds are pledged as additionsill security for all sums secured by
<br /> , - . . ., . sltiis Sccurity Instruracni.
<br /> � , �, If the Flinds held by Lender exceed the amounts permitted to be held by applicablc luw, L.ender shall account to
<br /> i ',• • Borrower for 1hc cxcsas Fl�nds in uccordance with the requirements of applicable luw. If U�e nmount of the Funds held by
<br /> . • „ Lender at any time is�ot sufficient to pny the E.ecrow ltems when due,Lender may so notify Borrower in writing,and.in
<br /> '; , such case Borrower shall pay to l.endgr the amount neceswry to molce up the deticiency. Barower shall make up the
<br /> '4 ' :' �� • deficiency in no more�han twelve monthly paymentti,nt Lenders sole discre�ion. i
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<br /> .��:.� Upon payment in full of all sums sccurcd by thi.Securiry lnswment,Lender shall promptly t�efund to Borrower any
<br /> ;:,, :. , Funds held by Lender. lf,under puragrnph 21,Lender shall acquire or sell the Property,Lender.prior to the acquisNion or
<br /> `•,; ��•,•.'• ; sule of 1he Pt+operty, shall npply any Funds held by l.ender a� the time of acquisition or sale aei a credit against tha sums
<br /> . secured by U�is Secudty Inswment.
<br /> , � , �' 3. Applic�tion ot Paymenis. Unlexs applicubk law provides uUierwise, all ps�yments received by I.ender under
<br /> .+i. � parugraphs I and 2 shull be applied:first,to uny prepuyment churges due under the Note;second.to amounts payable under
<br /> ��. � " �, parugraph 2;third,to lntercsl duo:fburth,to principul duo;und lust,to uny late chnrges due under the Note.
<br /> .�, 4. Cdwrgea; Llens. Borrower shull puy �II wxeti, assctisments, churges, fine, und impositions uttributnbk to the
<br /> ,�• „ , Prapeny which rnay nttain priority ovcr thin Security Inhtrument,unJ leu�ehold puymrntx or ground rent�,if any. Borrower --��
<br /> �hall pay these obligntions in�he manner provided in purngraph"�ir iC not puid in thu�munne�.Borrowcr shall pay�hem on
<br /> "'�� � ' -t'� timo direrNy to ttie penon owed puyment. Burr+�wrr shull promptiy furni,h�o Lender•rll notires of umuunts to be paid undcr y.y
<br /> � � this nm ra h. If B�xrowrr maken thcxe u men��dirccd . Rorrowrr+hull rom U furnish to Lender rerei �evidencin �
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<br /> , , Borrower shal l prcimplly dischurge uny liun which hu�priority over�his Security Intitrument unlr��Borrower.(a1 agmrs �`,
<br /> • in writing to the payment of�hc obligution secured by�h�licn in u munner ucccptahlc to Lender:lhl conic�t.in�axl I'aith thr k'.°..
<br /> �'' � v lien by,or defends ugaimt enforcemem oi'the licn in,Icgul pnxrrJinE,whirh in thr Lendcry opinion��pen►tc lo prcvent thc
<br /> . enforcemem of thc lien:or 1c) secures from thc holder of the lien an ugrcement wtitifartory t��Lender sulxirdinating Ute lien
<br /> . ' to this Secudty lnstrument. If Lender dcterminrs thut any pun iif�hc Pn►prny is suhjcrt ta A licn which muy uttuin priarity -•
<br /> � over this Security Inswment,Lendcr muy givc Burruwcr u notke idrntil'ying�hc lirn. Borrnwcr shull satist'y thc licn ar tuke �
<br /> �.'� � one or more of the uctinns sct forth ubovc within t0 duys ul'Ihe giving of notKr.
<br /> r'�t � • 5. Hazard or Property Insurance. Butrower�hull kcep thr improvements nuw existing on c�rrafter crccted on the
<br /> � �' Proper1y insured aguin�l los+by lirc,har.urdx included within the 1cmi"ex1enJcJ ruvrr•r�r"anJ any uthrr h;vurdx,including
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<br /> ;''� � floods or flooding, for which Lender rcquircs inxurunre. 7'his insurunce shull lx muintuincd in the unmunts und for thr '
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