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<br /> T()(��7'HER W1TH all the lmpmvert�en�s now or lxrcafter erected on thc propeny,und KIl Cr�lRCdlt�nuuer.
<br /> --- «nd t��iur�:aau on c�rGtftcr a gast of the�y Ap rcQlacements and addldons shall al�o be covercd by thi�S�tuity
<br /> InNrumenG Atl of thc foregoing ls rofcrrcd ta in this Sccucity lnstn►ment as the"P�'oPocty."
<br /> BORROWER COVENAIVTS thet Borrower is lrwfuUy selard of the eitate hercby wnveyed aad tu�a the d�ht to�ant
<br /> and convey the Property nnd that the Property ix unencumbered.except for encumbrances of rocord. Harower warrant��ad
<br /> � - wfll defend�enenlly the titl�to the Property against aU cl�im�and demands,eubject w�ny encumbranca of rocad.
<br /> THIS SECURITY WSTRLTMF.IVT combines un�fam covenants fa nation�l use �nd non-unifam cova�nti with
<br /> __ �--------=-�-== limitcd varladons by judsdtction to constituu a uniform security insuument covering neal property.
<br /> UNIFORM COVENANTS. Boaower and I.ender covenant and ag�+a as followa:
<br /> ` 1. P�y�aent ot PrinctpA!�nd latereat;Prepayment�nd[.pte C6ar�a. Horrower shall promptly pay when due the
<br /> princi of and intenest on the debt evidenced by the Note and any p�+epayment and lAte charges due undar the Note.
<br /> � �nds tor'lyxes and Insuran��e. Subject to applicable law or to a written waiver by Lender.BoROwer shsll pay to
<br /> l.e�tder on tho day monthly payments are due under the Notc,until the Notc is paid jn full.a sum("Plu�da")for:(+�)yearly
<br /> -- taues and acsesaments whlch may attaln pdaiq�over this Secudty Insuument as a lien on the Property;fb)Yearly lexsehold
<br /> -°-�"`�--�-^m paymemr at gcound reats on the Property� if any; (c) yearly hazard or property inswunce prcmiums: (d) yearly flooei
<br /> in�urwue premiums. if any; (e) yearly mortgage insurancc premiums, if any;and (�nnY sums payAbic by &Krowcr ta
<br /> �,Q,,� Lender.in nccordance wlth the provisians of paragrapfi 8,in licu of the payment of mortgage lnsurance prcmiums. Thece
<br /> - • -— it¢ms erc callal"E.ccrow Items." Lender may,at any tIme.callect and hold Funds in an amount not to excced thc maximum
<br /> -- umount a lendcr for a fcdecally related martgage loan may myuire for Borrower�escrow account undcr the federul Resd
<br /> - ----'�"°- - Estsue Settlement Procedures Act of 1974 as amended from dnie to time, 12 U.S.C.$2601 e�seq.("RFSPA"),unlexx urKKt�er
<br />- law that upplfes to the Funde sets a lesser amount. If sa,Lender may,at any time,coitect and hold Funds in an amount rwt to
<br /> cxcced thc Iccser amaunt. Lender may csdmate the amaunt of HLnds due on the basis nf cun+ent data and crasonabk
<br /> eWimAtex of expenditures of future Escrow Items or otherwise in accordance wlth applicable law.
<br /> Thc Punds shall ba held in an institution whose deposits are Insured by Y federal agency, instrumenWity,or cntity
<br /> •� (Including l.ender,if Lendor is such an insdtution)or in any Federel Home Loan Bank. Lendcr shall upply the Ponds to pxy
<br /> ��'�����-�1' �`' the F.�crow ltems. L.ender may not charge Borrawer for haldi�g and applytng the Flmds,annually analyzing the e.ccrow
<br /> acc�wnt,ar verifying the Escrow Items, unless I.ender pays Borrower intemst on the Flmds and applicabie IQw permits
<br /> ' "� " Lcndcr to makc xuch a charge. However,L,ender muy requine Bonower to pay a one-dme charge for an lndependent rcal
<br /> estute wx rcparting service used by Lender in connecdon with this loan,unlcss applicable law provides otherwjse. Untess an
<br /> •'� ' uQnxment ic rosdc or applicublc law raquires interest to be paid.Lender shall not be mquired to pey Borrower any intercxt or
<br /> , ' eArningx cx�the f�ndx. Borrower and I.endcr may agree in writing,however,that interest shull be paid on thc Funds. Lender
<br /> tihull give to Barmwer,without cherge.An annuul accounting of the Fl►nds,showing credits and debits to the Funds and the
<br />�� purpoxe for whirh euch debit to the Funds was made. The Funds are pledged uc additionai security for nll sums securcd by
<br /> ' thiK 5ecurity In�tNment.
<br />_ - --- .��y 5,,,,_�;._,��,,,.�; (f slie F't:stdx tttld by Lcndcr e�tcee� th!' amountc permitted to be held by applicublc luw, Lender shall uccount to
<br /> • _ �!:�.,,.,.,......: .;u•:., Borrower fi�r thc excesx Funds in uccordunce with thc requirements of applicable law. If thc amount of thc�nds hcld by
<br /> •�'•� � I.endcr yt�ny iitnc ix ni�t�uPfcient to puy the Bscrow Items when due, Lender may so notify Borrowcr in writing,and,in
<br /> ,,:;+':,.;.a�. ,.k:�;� -� i such cuxe Burn�wer xhull ps►y to Lender the amount necessury to make up the deGciency. Borrower rhvll make up the
<br /> ' �,. . 1 deficicncy in nu nu�re thun twclve monthly puyments,at Lender s sale discretion.
<br /> �"i� �'.,.�� . �, Upunpuymcnt in f'ull c�f ull �ums sccurcd by this Security insuument. Lender.hali promptly rcfund to Borcower uny
<br /> ;�:�-��;�;%�; -•�, �; Flmd+t�cld My l.enJcr. If,undcr purugraph 21, I.ender shail acyuirc or scll thc Propeny,Lender,prior ta the ucquisitian ar
<br /> � ' � ,�+ sule of the Propeny.xhull upply any Funds heid by Lender ut the time of acquisition or sule uti u cmdit against the sums
<br /> � � securcd by this Sccurity In�trument.
<br /> '��" "' ' '' 3. Applicatlnn o�PwymenRs. Unless applicahle law provides othcrwisc, all p•rymentr rccc�ved by l.cndcr undcr _
<br /> ;��;,,,:, _;, ���;:';;:�� parugruph� 1 und 2�hull tx upplied:first,to any prepayn�ent churges due under the Note;second,to um�wnts payable under
<br />' '; } -: � parugruph 2;third,to intcn+t duc;fourth,to princip:�l due;And lust,to any late charges due under the Note.
<br /> `� � , . 4. Chpr�eo: l.lene, Born�wcr shal� puy all taxes, ussessments, churges. fines and imposltions uttribumbla ta thc
<br /> � Property which muy uttuin priority over this Security lnstrument,and]eusehold payments or ground cents,if any. Bcxrower
<br />_ q„�,.�„� shall pay thexc nhligutiom in the mrnner provided in paragraph 2,ar if not paid in that munner,Borrower shall puy them on
<br /> ' � ~ time din:ctiy to thc�r.on uwcJ puyment. Burrowcr shali prompdy furnish to Lendcr all noticrs of umount,to be pnid under
<br /> . .y,� . .
<br /> ' ��4 a,,.,. , • . th;s panigruph. If Hom�wrr mukc.thcxe puyments directly.Honower sh�ll promptly fumish to Lender receipts evidencing
<br /> `� the prymentr,
<br /> #r�!'���� •� Rormwer�hull prampUy diuhurgc uny licn which has prioriry over thix Security Instrumcnt unlesti Borrowcr:(a)agrecx
<br /> ,�;,y;r,,,,_.. _ in writing t��the paynxnt ol'thc ubligution zccun�d Ny the Nen in a munner ucceptahk to Lender:tb)contests in gewd faith the
<br /> lien by,ur defendti uguimt rnf��rcemcnt of thc licn in,Iegal proc:eedings which in thc Lendcr;opinion operate to prcvent the
<br /> � '• enforcemem of tlx lirn;ix Ic)x�un.Trum thc holdcr of the lien un agreement satisfactory to Lender subordinuting the lien
<br /> ��:'� ; "s.•
<br /> � • to this Sr:curity ln�trumrnt. If Lcnder determines thut uny pxrt of the Property is sut►ject to a licn which muy attat�prio�ily __
<br />_—. '-'``'�.,.�..�,.;'.., over thh Securlty Imtruonnt.LrnJer m•ry give Burruwer u notice identif'ying the lien. Borrower shall satisfy the lien or tnke �
<br /> _.v__� "" one or mocc uf thc uctium.rt 1'�►rth uMrve within IU dnys of the giving of notice.
<br /> ___ � �;,;�' � S. Hwwcd ur 1'rupeMy In.vurynce. Borrowcr shall kccp thc improvements now cxisting on c�rcaftcr crcctcd on the _
<br /> ;;,. Propccty MsumJ uy�uimt 1����hy 1'ire,haiurd.includcd within the tcrm"extendcd c<rver.�ge"and any other hoxards,including
<br /> . :r�..�.� •_.:., Floais or fla�din�, tiK whirh l.rndcr myuirc� in�urancc. This insurancc shull bc maintained in thc amountF and for thc
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