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<br /> TQ()ETHER WITH�II the improvemenb naw or het+eafter ercited an the pmparty,ud dl q�ert�u�,�ppu�ten�nca.�nd
<br /> fixty�pp row or IKroaRer A p�rt oi the prc�poriy. All rcplecernents �nd addidons slwll al�a bo cover�d by thi� Socutlty
<br /> iqntt,ylnent.All of iho foro�oin�i�rofen+od to in thi�Socurity Instrumcnt�thc"Pmperty."
<br /> 80RROWER COVENANTS that Rorrowcr ie IawfLlly reiscd af the e�tatc hercby rnnveyed�nd haa the ri�ht to grant u�d
<br /> canwoy the Propeny and that thc Praperty lr uncncumberod,cxcept for en�:umbranccr of rocord. Bomawer warr�tus and will
<br /> det�snd generalty thc tiUe to the Property�oins��11 clairns ww!derrwnde�,xubject w uny encumbrw�ces oi recoM.
<br /> THIS 3ECURITY INSTRUMENT combineK unifi►m�coven�nlr for notiawl use And non-uniforni covetwuus wlth limitad
<br /> v�iotionA by jurisdfction ta consNwte s unitnrm�uri�y InxwnKnt mveting real pmpeny.
<br /> � UNIFORM CQVENANTS. Borrower and l,endcr cuvenont ond agree ox follows:
<br /> � !. Pwymeat of Principol oad Inter+esti Pr+eprymcnt And I.ate Clwrgea. Borcower siwll pmmptly pay when due the
<br /> principal of and lnterest on the deM evldencal by tl�Note and ony prep�yment annd late chargex due under the Note.
<br /> 2. �nds for Taxes and Inguennce.SubJect ta applicable law or to u written waiver by I.cnder, Barruwer shsill pay w
<br /> Lender an the day monlhly payments Arc duc under the Note.unUl the Note is puid in full,u sum("Funds')for:(w)yearly uues
<br /> and as.seacnxnts which may sUtain priority aver this Secu�lry Instrumenc a.g a licn on the Pmpeny;(b)yeurly IeaRehald pnyments
<br /> ; or ground renis an the Pmperty,if any;(c)yearly hazard or propeny insurance premiumg;(d)yearly flood insuronce premiums.
<br /> � li any; (e)ycarly morlgage insurance premiums, if any;and(�any sums payuble by Barrawer to Lender.in accordance wilh
<br /> � the provisions of paragraph 8, in lieu of the payment of mortgage insurance prert�umg. These items are cullod "Escrow Items."
<br /> l.ender may, at any time. collect and hold Runds in un amount not to exceed the maximum unwunt a lender far a federally
<br /> .�. � related mongage loan muy re.quire far Borrower's cscrow account undcr Ihe federul Real Estnte SetNement Pracedures Act of
<br /> .::'j . ,, 1974 a.g amended from time ta�fine. 12 U.S.C.Section 2601 e�seq. ("RPSPA"). unless arather law thot epplies to the Fu�ds
<br /> _: -- • .:,-.'µ;'':,�;�:���,�;;. sets a le.sser emount. If so, l.ender may. at Any time. coll�:t u�xl Iwid Fwxis in an umount not to excced the lesser �unount.
<br /> • �a,�,',Y'�" L.ender mny estirr�te the amaunt of Funds due on thc busis of current dew and reasonuble e.stimates of expenciaurcs af future
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<br /> o•,. . �! •-�'y4 Escrow ltems or atherwise in accordance with appiicable law.
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<br /> .,.,,:� ,, . .•,t;,�r�,..� � The Funds shall bc held in un institution whosc deposits are insured by a faieral agency. instrumentality, or entily
<br /> •,,='.�:', :��±�i.;°';.`t.`�� (including Lender,if Lender is such an institutian)or in ony Federal Home Loan Bank. Lendcr shull apply the Funds to pay 1ha
<br /> ''�;��.� '�.;.. .,�f:,,,,.;;;�,�, Escrow Items. I.ender muy not churge Bormwer for holding And upplying the Funds,annually analyzing the escrow account,or
<br /> •.:,v�'-' •.,:�,Y'`:'?``�%�# verifying the Escraw Items,unless l.ender puys Borrower interest on the Funds and applicuble law permits Lender to makc such
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<br /> �;�'.•� �-,•• � a charge. However,Lender muy require BaRawer to pay a one-lime charge for an independent real estate tax reporting service
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<br /> .,•.;,',� .,,''�'�' used by Lender in connection with this loa�, unless upplicu6le luw provides otherwise. Unless an agreement is m�de or
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<br /> ,". � ,�•��.,� , .:�,,...,�, applicable law requires interest to be paid, Lendcr shall not be�equired to pay BoROwer uny interest or earnings on Ihe Funds.
<br /> ,�t:%'�.: :,.:�,,. .';'L`;:,L' Borrower and Lender may agree In writing,however, that intcretit shall be p�id on the Funds. Lender shall give to Bormwer,
<br /> t. ''`,,'°'`•1•:� �vitt:out cl�vrgc. ar.snnua! accc�undng a!'thc Fur�d:;.;hau•ing rrcclits and dcbits to thc Fands and thc purpnsc far uhich cach
<br /> • "``�°�'' debit to the Funds wati made.The Funds ure led ed ns additionul securit for all sums secured b this Securit Instrument.
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<br /> ; : . "•.S�4, - , If the Funds held by Lender exreed the aimc►unts permiued to bc held by upplicuble luw, Lender sholl accaunt lo Borrower
<br /> ��.: " '•a• for the excess Fund.w in accordunce with the requirements of applicable luw. IP the nmount of the Fundx held by I.ender at any
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<br /> v�;,;;i� ' , , ��,•� time is not sufficient to pay Ihe Escrow Items when due,Lencier may so nrnify Borrower in writing,and,in such ca�e 8arrawer
<br /> ;"�r;�,�° � • "t;`�' shall pay to I.ender the urtx�unt neressary �o mrke up the deficiency, Born�wer shall muke up the deficiency in no more tFwn "'' �
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<br /> ,�;,.;.;. ' twelvc monthly puym�;ntx, at l.ender'r u�le di�crction.
<br /> '�"` '" Upon payment in full of oll sums �ccureJ by thi.S�curity Instrument, Lender shall prompUy refund to Borrowcr uny
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<br /> '� ��� Funds held by I.ender. If, undcr paragruph 21, Le�xicr shull ucyuire or sell ihe Propeny. L.endcr, prior to thc acquisition or sale
<br /> s •�t%,'`'� of tha Pr�� n tihAll a I an Funds held b �Lender ot thc time of ac ui�iti�+n or wle us u credit u ainsl the cum.g secured b
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<br /> •�� '�;,�',��. •.. � this S�turity Instrument.
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<br /> ,�, :,;;:;�i; 3.Applleation of Pa�ment4.Unleti�upplicuble luH�pru�•iJc.utlu rwiu, vll paynkntr received by I.ender under paragruphs .
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<br /> .� �'r:•:�, . I and 2 shull Ix applicd: first, �o any prepaymcnt churges due unJer tlu N�►tc; .cr��nd. to umount�puyable under paragraph 2; 5
<br /> +'?:�•�:�� � , third,to interest due: Pourth,li�prinripal duc; •rn�l lus�, to an�-late rhurgrs Jur undcr the Nutr. }���'
<br /> '�"s.•.''��. � .�' 4. Char�es; l.iens. Borruwcr tihull puy u0 tuxes, as,c.,ments, rh•rrgcs, tinex anJ imp�»iti�mx unributablc to the Pmpeny
<br /> .�', `.:• . •• � whirh nwy uttrin pri��rity rn•rr thi, Security Inslrument, and Ieuuhold pa�ments ur gr��unJ rent.. if any. Borrower►hull pay .` .
<br /> �•� thesc obligationx in thc manncr provid��d in paragraph 2,��r if nnt puiJ in Il�at maun�r. &►rrawcr�liull p•ry thcm un timc dirccUy �?lrP•
<br /> ' ,:�::��� � to�hc�xrum ow��!paynknt. Bnrro��•cr+hull pmmpQy furni.h�o LrnJrr all rn,ticr,ul'anu,unt.tu hr paiJ unJcr this parrgraph. `''r '
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<br /> :'r. If&�rrower make,thetir p.q•nxnt�Jirertly.B��rro�rrr,hrll pr��mpUy 1'urni,h tu Lcndcr rcreipt+rvidcncing th�puyments. �l;�.u:
<br /> . ��- ;.�:•�. ��rrowrr�bull pn�mpUy Ji,rhurgr um�licn whirh hu+pri�►rity�►ver ihi.Scruri�� In.�rwnrnt unlc�s&►rrnwcr: lal ugrcr.in '`""'�
<br /> , ; .. " .. writing ti�thc paynKnt of thc ohli�utiun.rrured by�hc licn in a m:umcr arrcptahlc t��l.cnJ�r:�h�cumc,t.in g�xxl 1'aith thc lien �';;��c�!
<br /> ,• '" � . by. ur Jefenci. •rgain.t enii,rrrment ��f the lirn in. leg:d rr�KCCJing. ahich in thr L�nJcr'. �,pinian aperate ta prevent Ihe ��"��`'
<br /> � y � �.�;;,'•�'.��� enG�rremrm af thr licn:or�r►.crurr�I'nnn Ihr hi�ld�r ul Ihr lirn:m a�reenunl.ati.l:irtuq• tu I.enJer wM�rdinutin thc lirn lo
<br /> y s ..'`�F`'"' ' thi� Securit Intitrum�nt. II'I.cnJcr Jriermim. �ha� anr � � ,
<br /> ,,.,,: �. y parl uf ihc I'rn�xrl� i.,uhjcct tu a licn «hirh inay aliain pri�iriry u�•cr
<br /> '�i , �;' . this 5erurity Im�rument. LcnJcr muy�!i�•r Hurru+�rr a niai�r idrntif�•in�Ihe lirn. li��rr��wrr,hall tiati.f} the licn or tak�ime o�
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