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<br /> 'COCiBTHBR WITH all the improvement� now or heratter eroated on the ��d eety, �nd dl aarement�,
<br /> �` �ppurtenmaa,md tirtur+oo now or heroafter�port ot the property.All replavemanta�nd tione�h�ll�1w be aovarod
<br /> by this Securlh�Inetrumen�All ot the ton�oinQ i�roterted ta In this Seourity In4trument�s the'Proparty.'
<br /> HORROWBR COVBNAIV7'S th�t Borroxer i�I�wtWly�ei�ed ot the eshte hee+�by convoyed and Iw�the�1�ht to
<br /> v e Fro i� unenoumberod ex t[or enoumbran�ee o[r000r�. Bon�oMer
<br /> �nt and oon ey the Property�nd that th perty , cep
<br /> � warr�t�ta and will detasd�enaraily the tide to the PwpertY�in�t dl cldm��nd dem�nd�,eubjeat to any enoumbranoa
<br /> - ot record.
<br /> THIB SECURITY INSTRUMENT combinee uniform oove�ants tor n�tional use�nd non-unl�orm ooverunu Mlth
<br /> � i,r��. . limited wri�tions by_!'urisdiotion to conetitute�un�iorm exurlty inatrument coverin�real property.
<br /> """""`":f r UMPORM COVP,NANTS.Borrower snd Lender covenant and��roe�s tollow�
<br /> . . .r`,'"` "';>�, 1.Payment ot Priaoi(!iI�Od IIItOfOat;Prepsyment�nd I.�te Ch�r�.BorroNer ohall promptlY py Mhen due
<br /> �, 1' ; �y�4-: . '.. . :._. the princip�)oI+nd intarcst on the debt evidencod by the Note�nd my prep�yment u�d I�te char�ee due under the Note.
<br /> �•� 2. Fuado Ior T�xea�nd Inaurance. Subject to�pplicablo I�w or W a written wdver by Lender� Hort+oNer�hsll
<br /> '�`�' �` pay to Lender on the day monthly pzyments�ro due under the Note�until the Note is patd in tull,a eum("Funde")tor:
<br /> �" ''' ' (a�yeuly taxes�nd�ssmono�which m�y attain priority ovar this 3ecurity Itu�trument�s a lion on the Property;(b)
<br /> .�.,., ,.� �,
<br /> �f^'�' � �. � yearly leaaehold pnymonts or$round rants on the Pmperty. lt any; (a)yearly hazerd or proparty insuranco pnmiume;
<br /> � �� ,� (d)yarly tlood inaurance premwms,i�my;(e)yearly mart��e insuru�oe premiums.if sny;and(f)�ny sums p�y�ble
<br /> by Horrower to Lender.in accotdanoe with the provieions of pra�aph 8�in Itou of the payment of mort�a�a ineurutoe
<br /> ;r�� .,�,. premiume.The.se items aro called"Eecmw Iteme."Lender m�y.at any timo.collect snd hold Punds in�n�mount not
<br />��'�'. �t�^ � � ; , �' to exceed the meximum amount a lender ior a federally rel�ted mortga�c loan may requiro tor Honower'e esorow
<br /> ' � ' avcounc under the federal Real FBtate Settlement Procodurcs Act o� 1974�s unendod[rom time to time, 12 U.S.C.
<br />+ . � � � Section 2601 et seq.("RESPA"),unlcss�nother law that�pplios to Lhe Punds sete a lesaer amount.It�o.Lender m�y,
<br /> ' . _. " :�}�'' at any time.collect and hold Funds in an smount not to oxcoed the lesser�mount.I.endec may aatim�te the smount of
<br /> � �"�� ' Funds dua on ihe basis ot current data and rasomble eetimates ot expenditurea ot[uturo f�crow Iteme or otluvwiee in
<br /> .� ,� ' ° 8.•l' avoordsnco with applicabl8 laa.
<br /> • , "' ' The Funds shall be held in an inetitution whosa dBposits�re insured by a federal a�ency.inetn�mentality.or entity
<br /> ' --� (including Lendar,it Lender is such�n institution)or in any Fodernl Homa Lwn Esnlc.Londar ehdl apply the Funde to "
<br /> • ' psy the E.9crow Items. I.ender may not charge Borrowet tor holding and applying the Punds, umwlly malyzing the
<br /> � .. ' escrow account,or verifying tha F�crow Items.unle�+L.ender pays Borrower interest ma the Funds and epplic�ble law
<br /> �ermits Lendar to make such a chetge. However. Lendor may require Barrower to pay a one-time cher�e tor sn
<br /> , mdependent real estate tax reporting service usod by Lender in connxtio�with this loan,unlesa applicable I�w provldes
<br /> • otherwiso.Unless an agreement is made or applicabla law requitYS interest ta be p�aid,t.ender eh�ll not be required to
<br /> . , pay Bornower any interest or earnings on the Funds.Borrower and Lender m�y agree in wrfting,howover,that interest
<br /> ahdl be paid on the Funde.I.ender ahell giva to Borrower,without charge,an annue!accounting of the Funds.showi�g ��
<br /> cndita and debits to[he Funds and the purpose tor ahiah each debit to the Funds was made.The Funda are pled�ai ss
<br /> ° ' addttional security tor all sums securad by thia Security Instrument.
<br /> � If tha Funds held by l.ender exceed the omounta permitted w be held by applicable law.Lender shall account to 4i
<br /> � Bon�ower for ttia eYCess Funds in acwrdence with the requirements ot applicabie law, lt the amount of tha Funda held ,;,;�K;:
<br /> ' by Lender at eny time is not aufficient ta pay the Escrow Items when due,Lender may so noti[y Born�wer in writing, �'.•;;
<br /> • and,in such cese Borrower shall pay to I.ender the amuunt necessary w make up the deficiency.Horroaet ahdl make
<br /> up ihe deticiency in no mote then twelve monthly payments,at L.ender's sole discretion.
<br /> Upon payment in tull of all sume secured by this Security Instrument,Lender shall promptly refund w Borroaer '�`;,��
<br /> a � '+•�' any Funds held by l.ender. It,under paragraph 21, I.ender shall acquire or sell the Proporty, [.ender, prior m the �'�i�,
<br /> • acquisition or sale ot tha Property.shal)apply any Funds held by Lender at the time of acquisition or sale as a credit "`��
<br /> �t.
<br /> ��;'+, . eeainst the sums securrd by thia Security Instrument. ,.,
<br /> ; � 3. Applicatioa of I'aymaats. Unless applicabla law provides otherwise,al) payments received by Lender under "i'�
<br /> j y. ' paragraphs 1 and 2 shall ba applied:tirst,to eny prepayment chargcs due under the Note;second,to amounts payable ,`�`�"�.
<br /> �.,:..
<br /> �
<br /> under peragrnph 2;third,to interest due;tourth,to principal due;and lest,ta any late charges due under the Note. ���'r�.
<br /> T 4. Ch�r es; Liens. Hurro�ver shall pay all taxes, as�sessmCnts, charges.tinea and impositions attributabla to the ,�n.
<br /> � . • . Property whi�h rqiy.at�ain priority over this Security lnstrument, and leasehold payments or grouad rente, i[any. .•.:�
<br /> � . $orrower shell pay these obligations in thr menner provided in peragraph 2,or it not paid in tiwt manner, Borrower =r�
<br /> . , shall pay them on time directly to the person owed peyment.l3orrower shall promptly turnish to Lender all notices of
<br /> , . , amounts to be paid under this paragraph.lf Horrower makes these payments directly,Borrower shall promptly furnish �. .
<br /> . ,;;,�;
<br /> ��• , ' to Ixnder receipts evidencing the payments. �•.
<br /> i��,�- ' �:�.
<br /> f• • • Borrower shull promptly discharge any lien Nhich hes priority over this Security Instrument unless Borrower.(a) �'':-,�;
<br /> �'•':r. �;�` agrees in writing to the payment of the obligetion securcd by the lien in a manner acceptable to[.ender;(b)contests in �
<br /> �`•: good taith the licn by, or defends against entorcrmont ot the lien in,legal proceedings which in the I.ender's opinion �
<br /> �%•• ' ' � operate to prevent the entorcement ot tt►e 1ien;or (c)secures from the holder of the lien an agreement satiefactory to '
<br /> i + : , „ Lender subordinating the lien to this Security Instrument.If Lender determines that any part of the Property is subject �
<br /> . " . to a lien which ma��attain priority o��er this S�curity Instrument,Lender may give Horrc�aer a notice idrntifying the
<br /> '.;:�"� lien. B�rro«er shall satisty thr lirn or take one or morr of the actions set forth above within 10 days ot the�ivin�ot
<br /> '`'� ' 1�, notice.
<br /> �.;,�;:. �' ;c.. ';;' • fw� 302i �i�o
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