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<br /> 'I'OCIETHBR W17'H�II thc improvema�w now or hereafter eroctod on the property,wd all w�ement�,appurtauaoa►�aad
<br /> ; pxture� rtow an c�reafter a put of the property. All cq�l�cements and addition� alwll �Iw ba eove�ed by this 8ecurity
<br /> Inurumcnt.AI!af the fangoing is mfcrcad to in thir Security Instrument ps ihe"Property"
<br /> 80R[tOW6R COVBNANTS that Eormwer is lawfully �ised of thc cstote hercby conveyod and has the right ta Qrant and
<br /> oanvay the Property and Ilwt the Propecty i4 unencumbend.exapt for encumbranoea aF record. Bomawer wAmnta�nd wiU
<br /> � defend genernlly the title to the Praperty�ainat all claims w�d dem�uds.aubject ta any encumbrAnoes of neoord.
<br /> THIS 36CURITY IN5TRUMBNT aombines uniform covenants for national use and non-unifatm covenantc wiW limited
<br /> yf' ' v�allon9 by juriuliction to constitute a uniform sacud�y instrument wvedng real proporty.
<br /> - � UNlFORM COVENANTS.Bocrower s+nd Lender crnenant arM agroe as follaws;
<br /> .,: 1. Paymmt ot Piriacipwl�nd Inta�esti �P�Yment aad l.wte Chwr�es. Horrower ehall promptlY [�Y When due the
<br /> � pdncipal of pnd interest on the debt evidenced by the Note and any prcpayment and late charges due under the Note. �
<br /> 2. I�ndo[or Taacs and Insurance. Subject to appNcable law or to a written waiver by Le�de�, Bonfawer shaQ pay to .
<br /> I.ender an thc dwy monthly payments are due under the Note. untll the Note is paid in full. a sum("Funds"a�fat:(a1 Xeuiy ca�ces
<br /> And assessmentA which may attain prfo�ity over thia Securiry Instrument as a lien on the Property;(b)yearly leasehald paymenw ,..
<br /> or ground rcnta on the Property,if any:(c)yearly heznM or propeRy iasurance premiums; (d)yearly fl�d iasurance prcmiums, �°
<br /> if any; (e)yea�ly mortgage insurance premiuma. if any: and (�any sums pnyable by Bonowe�ta �.ender, in Accordanc�:w11h
<br /> i the pmviefon�of pArngraph 8. in lieu of th�payment af moRgage insurancc premiums.Thesc itoms are called "Escrow Itcma."
<br /> •�, l.endor moy. at any time,collect and hold Funds in on emount not to exceed the maximum amoum a lender for a foderully
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<br /> ,. • r y.t.� •,.��.,,�..�� related marlgago loari may require for Borrower's escrow account under the federnl Real Estate Setllement Procedures Act of
<br /> 'k,' ��Fi�=�i�%.�}t i 1974 as amended Prom time to dme, 12 U.S.C. Section 2601 e1 seq. ("RFSPA"), unless another law that appNcs ta the Funds
<br /> �' ' "'�`+'"��w�"'''T'� �ets a lesscr amount. If sa, l.ender may,at any time,collect and hold Funds in an amount not to esc�d the lesser emaunt.
<br /> }-,��. �•'�"` " I.ender rrwy estimate the amount af Fuixls due on the baxis oP current data ancl reasonab(e estimat�s of expendilutes of future
<br /> ; � �• � �,��;� � Bserow Items or athernise in acrnrdance with applicable law.
<br /> `• ,�;,;;"�:�=`'�;;�1°j' � The Funds ahall bc held in an institution whose depasits are insured bq A fedcral agency, instrumentulity, or entity ��•;t
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<br /> �'� � includin Lender, if Lender is such an inSiitu�fun)ar in Hn Federal Hame Laan H�nk. l.ender sha11 a 1 the Funds to a the ���"�
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<br /> � '•v��,;.r�'�='•�:�'�•+'�,�}G� Escrow Ilema. l.ender moy not charge Borrower for holdjng and applying the Funds,annually analyzing Ihe escrow account.or '
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<br /> �- '�� ••�!. �':''�'��'�;� verifying the�.scrow Items, unless Londer pays parrower interest on Ihe Funds and applicable!aw permits l.ender to make such
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<br /> '.�.'� ''`''�`�' '•�"����'�s':'�}� a cha e However, l.ender ma re uire Aarrower to a u une-time chur e fo�an inde ndent rea9 estate�ax r riin service
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<br /> ' f .,�,S�r�r;r :.,c,., � u�ea ny Lender in connectian with this�lann, unless applicable law provides otherwise. Unless an agreement is made or ,�;
<br /> ,., fi �a, • • ` applicablc law requires inlerest to 6e paid, l.ender ahall aot be required to pay Bo�rower any intcreat or earnings on the Funds. ;(;s;
<br /> ' � �` :i o�,r�,;`�'' ';`:i�l�; g�nower and L.ender ma A ree in writin howeve�,thut interest shall be id on�he Funds. Lxnder shall. �ve ta Bart�ower. f'f t�y
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<br /> ,�, ,�� ` • r�,'�,. withcwt chsu�e, un annual accaunting oi Ihe Funds, shawing credits and debits lo the Funds and the purpaxe far whlch each .•<..
<br /> .;`;,', r. r�i�_��t�]3�SG;m;•,�::r �irbli iv ii�Fuiid+1Yd5 i3�fi2. •i'i Uiiu:Bii}S�t���(:a:i au�iti008i SCCiiiii}' F.�r a::�Ltr�.�secured b}ihis Se:a�:t;-;:��rs:ssocssi.
<br /> � '���'`�''�• "?'�''�f r''�"�F}���'��'�`''� If the Funds held b I.ender e�ceed the amounts rmitted to be held b a hcable law,Lender shall account to Eorrower � � ��
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<br /> � � �,�.�,'.,:r':�.��� •. .,�;,i for the excess Funds in accordAnce with the requireinents of applicuble luw. If the amount uf the Punds held b}•i.ender at any .r�.
<br /> , • • � time is not sufficicnt ta puy the Esrmw Items whcn duc, l.�:nder muy uo notify &�rrowcr in writing, und, in such ra�e Borrower :�..
<br /> ' • ; . . shull pay tc►L.ender thc nnx�unt n��essury tc►make up the deficiency. Bormwer shall make up the deficiency in no more then
<br /> � • twelve monthly puyntents,at l.endcr'.�olc dincrction. '
<br /> <+� „ Upim paymcnt in full of ull wms secumJ by thix 5crurity Intitnimcnt, l.cnJcr shull promptly rcfuncl to &�rrower any
<br /> Funds hcld b Lcnder.lf,undcr um ra h 21,l.cixlcr�hull ur uir�ur,rll the Pr�� n l.cixlcr, rior t�►the Lr uisitian or w+le "��
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<br /> r � , nf Ni�Pm�xny.�hull upply any Funds hcld hy I.enJrr ut Ihr�imr uf uryui.ition��r.rulc L�o rredit oguins��hc,um.r uwurcd by -
<br /> •� Ihis S�tiurily Inytrununt.
<br /> �1� : " � , �. Appliealion of Pr�ymenls.Unlrs�upplicahle law pr��viJe.��th�nvi.r.ull pa��mrnt+ receiv�rl hy I.enJer under parugruphs ' '"
<br /> � . I urxl 2 shall t+e uppliccl: first, lo�ny prcpuymrnt rhar�r�Juc wxlcr thr N�NC; tirruiul,to anx�untti payublc un�kr parugruph 2; � . ,�
<br /> � , third,tu interetit due:fiiunh,tu principa)Jue:und lu,t,to uny lute chur�e�due under�he N��te.
<br /> � , • ' , 4. ChAr��: I.tens. &xrawrr tihaU pay ull tax�+,u.�+,mcnl�. rhar�;c�. linr�unJ imp�.iti�,n, uaribulablc to the Prnperty
<br /> which may attuin pri��rity a��rr thi+Security In.trumcni, �n�i��.�i,�,ia r:�ynxnl+or gruu�xl rents, if�ny. Borrower shall pay
<br /> ' , theu�obli ution�m the manncr nwiJcd in eru ru h 2, or i P n��t rid in that m•rnnrr, Burruwer.haH .� �hem on time directl ����
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<br /> ' to thc�xnnn owc�l p•rynunt. &�rruw�r.hall promptly furni.h�o LcnJrr;�II natirc,al'anH�unt.tu lk�iJ undcr�his p�rugrliph.
<br /> If E3nrr�iwer ntakcti the,e pay�rnm.JirecU�•. &�rrowcr,hall prnmpUy fumi,h!o I.rnder rerriph c�•iJcncing Ihe p:►yments. �
<br /> � B�irrowrr,hall pmm�tly Ji�chargc uny licnµ•hirh ha.rriority u�rr thi,Srrurity In�trumcm unlc,. Horrow•cr:lul agrce�in '"i.
<br /> � . ' writing to the paymem��f thr��hligutiun�crur�d b�•�h�lirn in a manncr iureptrhle to LcnJcr: �bi r�mtc�t,in g�xxl faith the lien �a�'
<br /> • hy. ur defetkls ugain�t cnl'orrcment uf Ihr lien in. IcEal pr�xr�dings w•hirh in thc I.cnJcr'� ��ini��n a�xratc ti► prcvent thc
<br /> 7 enfiircenxnt af the lirn; or(cl ucureti f'rnm�he huldrr��I'Ihr lirn un u�rcenun� �ali+furl��n tu IxnJer�utwrdinuting the lien 10 ::;
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<br /> �, . this Sccurity Instrom�m. If Lcndcr Jetrnninc•that any r;in „I'dir Pr�i�xrt� i. .uhjrr� tu a lirn H�hirh may attain priuri�y ovcr �':�
<br /> �.i • this Security Ins�rununt. (AnJcr muy gi�•c Pkxn���cr a n�,ti.r idcntif��ing�h�lirn. I��rrua�r,hall.u�id}• Ilk licn or�akr�me nr ••`.
<br /> 4� , � ;' I more of�hc uctions tiet fonh uhnvc w•ithin I O day.uf tix givi ng ol'nuticc.
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