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<br /> � 'POf'ffI'HEti WiTl1 aIl the Iimp�ovadients isow.or bereafttr er�ecood on d�Pr'4'�SrcY.twd alt easetttents.appsu[.�'1��• � - ,
<br /> � � and nztwrs now or haaRv a�t of the piopesty. Af1�eplacements and addiaons shall atso be covcred by.�his S�udtY.
<br /> ta�ument All of tb�fategaing is referied ta in this Srra�ritY Instrument as the"ProperiY" :,.� . -
<br /> BORROVI'EEt C�DVENAI�i'S d�at Boicower is lawfully seised of the estate he�by rnnveyed and has t1�righr�i;grar►t,
<br /> arid canvey the Pt�npecty and that We pt+openy is uneucumbeced,except for�of tecord. Bonower wafr�itlt�anQ .
<br /> . w�7I def�d�euetal[Y ti�Rtk to ttie Ptopeny agaiast aU ciaims and demaz�ds.subjecc co any ensum6rances of record.�;; -
<br /> .THIS SECURTi'Y INSTdtiJ14�NT cam6ines wifaim,eovenants far itatioaal�use and uaz-aniform� covcs�#T�.witl�,, - -
<br /> �miud vuiatians by jurisdiction co a�sticuce a un;fo,m security insm,ment covering t�eat propat�►• -
<br /> . [JI�tI�RM CpVpV/�N75. Bormwer and Lender cortenant and agee as�follaws: �:
<br /> � � p�y�ot PriK�ip�i a�d I�tKest;P�ePaYmea�aad Late C�arges. Barrower shall pcomptly pay whep�}3ue the. .
<br /> _- . principal of and intaat an the debE evidenced by ti�e Note aad a�►Y B�ePaYme�aad late charges due under tI�Nae.,;: _
<br /> - E. Fm�ds for 11�e.s a�d IuvaacG Subject to applica6le law or to a written waiver by Lender.Borrawer sh;1�S1:PaY� � _
<br />-=== , _ _ t,enAer oo the daY monthlY PaYmemcs are dae uuder the Note.unW the Note is paid in fvl1.a sum 1"Cvnd.s°)for-(�).Y�Y�
<br />- tues and assessments whicH may attain priority over tlris Security Instrument as a I"ien on the Ropaty:N�X��Y..E��
<br /> P�Y��or �onud.�ts:on the Ptopeccy. if any: (c}yearlY t�ard °r Pr°PertY �� Pretniums: (d3 9�Y fl� �
<br /> • insut�nce premimns.-if aay:te)Y�Y�rtgage insuraace premiums.if az►y.and t�any sums payabte by BcR�ower to , ;: r
<br /> Lender.in ac�cordance wc'th the pmvisians of paragraph 8.in lieu of the payment of mortgage insurance PremiQm�. The�e
<br /> itrms are called"Escrnw Items" I.eRder may.at any timercolfect aad hoId Fut�6s ia an amouat not to eaceed the.�ximum , -' -
<br /> acnouc�t.a lender far a federal�relsted rtongage toan may requise for Borrower�s esemw accouat under the fe�{eral Re:d . --
<br /> Fstate Sealement Ptnced�mes Act of t974 as au�ended fram mne ao time,l2 l3.S.C.§260!.et seq_("RESPA").unl�s another �._-
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<br /> Iaw t6at applies to the Fvnds sets a tesser amouu� If so,Lender may.at any time,collect and hotd Funds in an amt,}►�nR�ot to , : e�'�-°`-
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<br /> +�� txc�ed the[esser amoun� Leader may estimate t�e amount of Fu�s due on the basis.af;c�srtettt data and.(e�sanable �% �:'�--_
<br /> _ ° e�o�.s a€expendianes of future Escmw Items or ixhetwise in accordance with applica6l�:(aw_ : -�4=ry�----,
<br /> 'r;•{. 'I'he tiutds shall 6e held in an insawdon whose deposits are ins�tted by a federa!agescY.insuutr�entality�oc entit, • _ ��.��`.
<br /> �� �•� . . (incl�sdiag Lendet.if[.ender is such an institu6an)or in any Federal Home Loan Bank. l.e�der shall apply the Fi�flAs tagay� `�_��:__�_
<br /> •� 'i• `�the Lucow Items. LeMer may not cha�ge Bomnver for hotding and applying the E'wtds,annualty anaiyzingt:she escrow . ,.t,y�::-'
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<br /> .., .:-_;� - , . :` accoun�or verifying the Escrow (tems.uNess.I.�uder pays Borrower interest on the Funds and applicabte tzt}v permits .: _, - _
<br /> . •' - Lender to make such a charge. Ho�vever.i.end�r�nay requiie Borrawer to pay a one-time charge for an irtde�rdent.real., . ;;-
<br /> .':i , ;�'~ estate tax cepottinS sen+ice used bY Lend�'�n�MUnon wi t h t his Ioan.u n less app lica b le law p r nvides othecwis��lJn1e•ss an,, . � : . :
<br /> `� ageement is made ar apptrcabte latv tequis�s inter+esc to be paid.Lendcr shall not be required ta pay Barrower ar►nt,interescor.
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<br /> - "n e st shal!be aid on the Cvii1�< 1.enarr �� 4• �..
<br /> eamings on the Furtds. Bamnwer artd i�'er may agcee in writing.however,that i t re p _ �:
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<br /> °::_� shall give to Barrower,wiihout char�e:an annual accounting of the Funds,showing credits and debits to tlte FtitiQS and the. �,� �_
<br /> ,:� .�:.'� " � purpose for which eufr dt�iit to the��tds•was,made. 77ie Funds aze pTedged as additional security for all sumg,secured bY, '' .'" '
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<br /> - ,,;. this Security Iasw,tnrt��.` - . • -- ,-`'`--�
<br /> If the Funds[reld.by LendeF e�ceed�,the amounu permitted to be held by applicabte[aw.l.ender shall,;accaunt ro , _ �};�;__
<br /> <..'•,''��•� .; �•. Borrower for the exces�Fvads in acto�ce with the requiremenu of applicable taw. (f the amount of the Fyqds held by ,.;���i- �
<br /> Lender at aay time is�ciut:sufficient to pay the Escr+r�w Items.when dae.Lender may so notify�o�rower in wcs�ing.and.�n.. . �,�,�-��:
<br /> :such case Borrower s6a11 pay to I.ender the amaanc necessary to malce up the defcctency Smrawer si�ali,:i�ake op the , , ��:
<br /> � deficiesicy in no mom ttu�n twelve month[y payments.ur Lertder's solediscretion. . .y<,
<br /> ` '�.�:���4 '. Upan payment in full of aQ sums secured by,this Security Instrument, Lender shall prompdy cefund w�:43qo�rawet any : . , �
<br /> •� •'�'� •` ' � F u n d s h e t d b y L e n d e r. I f.u n d e r p a r a g r a p h 2 1.I x nder shall a c quire or sell[he Pro p e r t y.Lendes.prior to the;acquisition or , _
<br /> ,. �. Y_�-:•�, � '� sale of the Propetty.shall apply any Funds held by Lxnder st[he time of 3cquisition or sale as a credit against the sutns• � � ••.�:� 'r
<br /> �::� , . secured by this Security Instrumen� • ' �� � , s
<br />� '� �� . � 3. Application ot�ayments. Unless applicable law provides otherwise.aIl payments rece�+ed byc�.Cn4cr under _ , .. _;�-
<br /> :'"} ` paragraphs 1 and 2 shal!be applied:first.to any prepaymem charges due under the Note:sewnd,to araounts.payable undet � : •-?`
<br /> �-1.�: paragraph 2;third,to interest due:fourth.,to principal due:and las�to any late charges due under the Note. : 4:p_
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<br /> � �,�:�:.• 4. Chuges;Lieas. Bonower shall pay alI taxes, assessments. charges,fines and impasitions attribqtable to the.
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<br /> �'`_"'�''•�.. • Property which may attain priority over this Security Instrument.arid leasehold paymenu or ground rents.if an�+. Bormwer. - _
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<br /> � �;:.; •. shall pay these obtigauans in the mannet provided ir�paragraph 2,or if not paid in that manner.Bortower shall�pay thcm on, .. .:.. J
<br /> �::_,*.:,.�. • time directly to the person owed payment. Borrower�h,ll,prompQy fumish to Lender all notices af amaunt�tcho paid undee _• , ,.� . ,
<br /> �. ::�: ' . this paragraph. !f Borrower makec these payments dirr�ty:8orrower shall promptty fumish to l.ender rer�i��.4 evidencing : �- ;�--
<br />, c�-.`�:.� the paymenu. E ` • j -
<br /> �_, ` Barrower shall prompUy discharge any lie�which has priasi�y over this Security Inswment unless Batrawer_la>agcee�� �
<br /> ' "�;,'• " . 1 in writing to the payment of the obligation secured by the lien in a manner aceeptable to l.ender;(b)contests irt;�dod faith th.: ��
<br /> lien by.or defend9 against enforcement of the lien in,legal proceedings which in thc I.enderi opinion operatd�to prevent the. k •
<br /> � , '� ' enforcement of the lien;ur(c)secures fmm the hotder of the lien an agreement satisfactary ta l.ender subordfnatia�the lien.� t ..1� `'
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<br /> 1, ',:a:��= � � ta this Security lnstrument. If Lender determines that any part of the Ptoperty i+subject to a lien which may,atiain priority.,, . .
<br /> ,��%:•� :;'-'�i��� .� over this Secunty Inswment.Lender may give Horrower a notice idemifying the lien. Borrowrr shall satisfy,�ha liett or tatce� ,
<br /> °� _ �� ". � '• one cr ns�re of the actions set forth'al7nve wiahin lU days of the giving of notice. • -- � ,
<br /> ;F,R,_ ._� ,� 5. Razard or Property Insuraace. Bonower shall keep the improvcments now existing or hercaftcr�erected nn 1he.. �
<br /> � '�"" ' Qroperty insured against loss by fire.hazards mcladed within the term"extended coverage'and any other h�tavds,includia.���� �
<br /> ' � . � • floods or flooding.for wi�ich Lender requires insur�ce. This insurance shall be maintained in the amUUnts and for thes� 4
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