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<br /> ___ = 7�OCiE'1'H!'R WITH all thc impmvema�t:now ot hetrafter crocted an the pnopeny.+u�d alt tu�emaits.apputtenanca�
<br /> and fistws�s now or het+eafter a ptR ot tne ptopeny. Aii�epiwcert�cnir�r�i wiJiiw�a bi'��it atsa�cavcrcd by l3ti��e;t:t�tY - -
<br /> Inuruntcnt. All af the farc�oing is refarcd w in thi:Sccu�ity Tnawma�t u the"Propeny."
<br /> BORROWER COVENANTS thu Botrowu is I�wfully seised of the estate hercby car►veyed�nd tuc che right to Qrant
<br /> �nd cnnvey thc P►�crty�nd that tbe PropeRY i&unencumbcred��xcept for encumbranccs of rrcad. Barower warrantc u�d
<br /> wUl defend�a�adly the dtk w the Prope�ty a�dn�t dl cl�inu and demrnds.subjoct w any cocumlxancxc of rxad.
<br /> _—�-- 7'lI1S SECURITY INSTRUMP.NT rnmbines unifcxm covenants for national use u�d n�-unifartn covcnants wilh
<br /> limitod vuistiau by jurisdiction to conuitute a unifortn secudty inswment covaing real pcoperty.
<br /> UNIPnRM COVENANTS. Borrowu and Lender coverumt ud�grce ss fdlow:: �� W�d��
<br /> ' — l. P�y�neaf ot Principd�nd Yaterost;PreWtYaKat u�d I.ste Char�ei' B°m°wer shali IY PaY
<br /> principd of and interest on the debt evidcnad by tix Note ard any prcpaymcnt rnd late ch�uges duc under the Note.
<br /> 2. F1u�d�t 1'or Taxes sad lasur+ince. Subject to applicAble law or to a writtcn waiver by I.endcr.Borrowu shall pay w
<br /> Len�o�th�day month�y pAyments Ar+e due under the Nac.until thc Notc is paid in full,a sum("Funds")far:(a)yeuly
<br /> N_�___��__.— �es and usessmcnts which muy attain�xiority ovcr this Sccuriry Inswment as a lien on the Propeny:(b)yearly leauhold
<br /> pRyments or gmund rcnts on the Piupecty. if any: (c) YeariY � °r PrOP�nY insurance prcmtums: (d)YeadY flood
<br /> inaurance pe+emiums,if�ny; (e)yeariy mortguge insurance Fremiums, if u►y; ar�d(� +my sums payAble by Borrower to
<br /> Le�der,in+�cconinnce with the provisians of parngraph 8.in lieu of the payment of matgage insurance prcmiums. 11�ese
<br /> ftems ue catled"Escrow Item.c." Lender may,at any cime.cotlext ar►d 1w1d Funds in u►amount not to excxd the maximum
<br /> amount a lender fcx a f�dernlly rclatai mortgage loan may roquine for Borrower�s escrow account under the federal Rexl
<br /> E�tut SetQement Pnxeduc+es Act of 1974 as amended from dme to time, l2 U.S.C.�2601 et seq.("RESPA").urtlr,ss wwther
<br /> _ law thu applies ta the Fi�nds sets a lesscr amount. If so,l.endar may,at any time,collxt.nnd hold FLnds in an�mount not to
<br /> exceed the lesur umount. L.cndcr rtwy estimate the amount of R�nds due on the basis of cuRent daia �nd macwtiable
<br /> - euimates of expendituces of future Escrow[tems or aherwice in xcadance with applicable law.
<br /> '[l�e Funds shstll be held in an institutton whose deposlts a�+e insurcd by a fedenl agency.lnstrumet�tality.or entity
<br />- (including Lender.if Lender is such an institudon)or in any Federal Home Loan Bank. Lender shall apply the Punds to pay
<br />- — the Fscrow items. l.encieer may not chsuge Borrower far holding and applying tho Fu�xls. annually analyzing th�escmw
<br />,� account, or verifying the Escrow Items,unless Lender pays Borrower i�terest on the f�nds and applicable law permiu
<br />- Lender to muko such a charga However,l.cnder may requir+e Bc�trower to p�y a one-dme chargc far�n indcpendent t�eal
<br /> estate wc repo�'ting service used by Lender in connection with this IoAn,unless applicable law provides otherwise. Unless an
<br />- ag�ment is mpde or applicable law requires interest tu be paid.I.ender shall not be required to pay Borrower any inurest or
<br />"� _ — e�mings on the Funds. Borrower and Lenckr may pgree in writing.however.that interest shall be paid on the Plmds. Lender
<br /> :� shatl give ta Bomower.without charge.an annua!accounting of the Funds,showing credits and deWts to the Fiands and the
<br />.z=' pu�pose for which exh debit to the Ponds was made. '[l�c Funds are pledged As additional security for all sums socural by
<br /> .� this Sxsssity Inslnsmtnt. .
<br /> If the f'unds held by �ender exceed thcs amounts permitted to be held by applicable law. I.CIidCi S�1II ACCOUf1I t0
<br /> -- .,�.,,,. Borrower for the excess Funds in accordance with tho requirements of applicable law. if the amount of the Fimds held by
<br /> � '�� L.�ndcr at any time is not suf�cient to pay the Escrow items when due,l.ender may sc�notify Bortower in wdting,and,in
<br /> �� such case Barower shal( pay to Lender the amount necessary to make up the deficiency. Bomawer shall make up the
<br /> .1: '
<br /> ;>.: A,:�;- deficierx:y in no more thnn twelve monthly payments.at Lender�s sole discretion.
<br />, " '�.�';' Upon payment in full of all sums secuced by this Security Insuument.Lender shall promptty refund to Borrower any
<br /> '-•��"� Rtnds held by I.ender. If,under parrgraph 21.L.ender shall acquim or s.11 the Property.Lender.prinr to the acquisitiun or
<br /> '"`;"�`•'''��� sale of the shall a 1 an Funds held b Lender at the time of acquisition w sule as a credit against the sums
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<br /> . . . � . secun:d by this Security lnswment.
<br /> � '" ' 3. Appikation of Payments. Unless applicahle law providQS otherwise, all payments received by Lender under
<br /> `_��`��.,,`.�7w,�,-.; paragraphs 1 and 2 shall be applied:first,to any pmpayment charses duo under the Note;second,to amounts payable under
<br /> �2;w•,�����::-�` d�� paragraph 2;third.to intercst due;foucth,to principnl due;and la.t,ro any late charges due under the Note.
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<br /> ,�,,,,�,F,��,.;�� .s„, 4. Charges; Liens. Borrower shall puy all taxes,assessments,chargcs, fincs and impasitions attri6utable to the
<br /> ,.,� ��r,} ;,_ . Prope.rty which may uttain prioriry over this Security Instrument,and leasehold payments or ground rents.if any. Bonnwer
<br /> ��4�,',- %,; ;�, shall pay these obligntions in the mmmer provided in parugraph 2,or if not paid in that m�nner,Bwrower shall pay them on
<br /> ,,;,,,r.;r,�„ time directly to the persor►owed payment. Borrower shull promptly furnish to Lender all notices of amounta to be paid under
<br /> �. �`. 't�.: '�..w this�ragraph. if Borrower makes these pay�ments dimctly,Borcower shatl pr�mpNy furnich ta Lender receipts evidencing
<br /> � � ':�aM.;; �p�Yments.
<br /> �w���._::.�_. , Bormwer shall promptly discharge any lien which has priority over this Sccurity Instn►ment unless Bomower:(a)ugmes
<br /> + - .��; in writing to the payment of the obligation secured by the iien in a manner aceeptable to Lendcr;(b)contests in good faith ihe
<br /> • ,-i�_ lien by,or defends against enforcement of ihe lien in,legal proccedings which in the Lender's opinion operute to pmvent the
<br /> � ' enforeement of the lien;or(c)secures frnm the holder of the lien�n agrcement satisfactnry to Lender subordinating the lien
<br /> - ..;T���"� to this Security[nstrument. If Lender determines that any part of the Property iti subject to a lien which may attain priority
<br /> - � �`= ' over this Securiry Instrument,Lender may give Borrower a notice identifying the lien. Borrower shull satisfy the lien or take
<br /> :.��,:.�..;i�`:'.:; one or mor+e of t'�e actions set forth above within 10 days of the giving of notice.
<br />-�� �` a '" S. Hazard or Property Insurance. Borrower shall keep the improvements naw existing or hereafter erected on the
<br /> __ '�::�'"=��_„�� Property insured against loss by fire,h:�zards included within the term"extended coverage"and any other hazards,including
<br /> floods or floading.for which Lender requires insurance. This insurance shall be maintuined in the nmounts and for the
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