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<br /> _ T��H���t��(�10�111pNV0olOtK�IIOW Of f10f�1R0[a(OCtOd[1fl tf10 p[Op0[tY��11d v�CYe . �(.MK)�
<br /> fGctuna now ar herafter � part of the pt�upetty. All roplaoana�u �nd ddltiotw �hdl dw be oovand by thl� Seaudty..
<br /> - - la�cument.All of the foregoin�h rcfernd to in tbb Security In�trumwK o.dw ���„�;►:�ty."
<br /> BOItROWER COVENAN7'5 thu Borrowe.r is IawNlly reloed of the ewte hercby convayod aM hw�the right tn Sr�ult�nd'
<br /> oonvey the Properey and tiwt the Property is unercumbered. oxcxpt fw et�cumbanoa of rooacd. Borrower wuriuit��nd wi11:�
<br /> defend generally the tide ta the PropeRy s�ainst�II ct�inu and demMnda,subJect to�ny encumbruwex aY rocor�d.
<br /> - ---- THIS SECURITY INSTRUMENT oombfna unifonn covorunn for �ution�l use and non-uniform ooveru�with limitad
<br /> ,_�_,..�.�.�,� v�riations by jurisdiction to rnnuitute a uniform saytrity ituteun�ent�overing rcal property.
<br /> _ , UNIFORM COVENANTS.8orrower ud Lender rnvenant atKf��roe ss fo!laws:
<br /> 1. Pxymeat ot Principal aod Iate�+ek; PreP�YaKat ard Lste�a. Borrower ctutl prompdY PaY when dua tha
<br /> principrl of u�d interest on the debt evidencod by the Note wd any prepayrnent+�nd lato char�es duo ur�der tM Note.
<br /> 2. Fu�ds for Taxes aad Inweanoe. Subject ta applicable l�w or to�written waiver by Lender. Borrowu shall Qwy w�
<br /> Lender on the day monthly payments are due under the Note,until the Note ii paid in full,a sum("Funds")ior:(a)yearly Wxes
<br /> uid assessments which may attain priority over this Security Inc►tument�s a lien an the P�opecty;(b)yearly{ea:ehoW ppyntamt9
<br /> or ground rcn[s on che Prope�ty.if any;(c)yearly hazrrd or property inwrance premiums;(d)yeuty flood i�uranoe prcmiums,
<br /> if any:(e)Yearly mortgage insurance prert�ums.if nny:wd(�any sums payable by Bornower to I.ender.in aocorilw�ae wiih.•
<br /> the provisioas of paragnph 8,in lieu of the pnyment of mortgage inwrance pe+emiums.lhese items are caUed "Escmw[temc."
<br /> Lender may, at any time. colicet And hold Funds in An amount not to ax000d th� muimum anwunt a lender for�federally
<br /> Y� rclated mortgage lo9n may nquire for Borrower's escrow accoont under ths federal Re�l Fstate Setdement Praeedu�+cs Act of
<br /> 1974 ac amended from time to time. 12 U.S.C. Section 2601 et s�y. ("RESPA"),unlas ivather law thu apQlies to the Fundo
<br /> - - sets u lesser suzmunt. If so. I.ender may.at any tIme, collxt and hold Funds in nn amount not to exceed the k�sser amount
<br />--- Lender may estimate the amaunt af Funds due on thc basis of current dstta And reasonoblo estimatet of expca�ditufvs oF 6wourc
<br /> ,;; F,scrow Itemc or otherwise in accordar�ce with appticable law.
<br /> _' The Funds shall be held in en institution whose deposits are insurcd by a federal agcncy. instrumentality, or entity
<br />;_<i (inclading Lender.if L.ender is such an institution)or in any Fakrnl Home Loan Bank.L.ender shall epply the Fundc to ppy tha
<br /> ��,� - Escrow Items. I.ender may not charge Borrower for holding and appiying the Funds,annually enulyzing thr,tscrow aocaunt,or•
<br /> - - — vedfyins the Frscrow Items. unless L.endtr pays Borrower interest on thc Funds and applicable law permits�.ender ta mAke sWCh
<br /> -_ a charge. However. L.ender may require Borrower to pay a one-time chArge for an independent teal estate uut rc.portin�sc:rvic�e
<br /> used by Lender in connection with this loan. unless appiicable la�+v provides otherwise. Unless an agreement is m�d�c or
<br /> ' applicable law requires intemst to be paid,Lender shall not bc r+equired to pay Borrawer any i�torest or carnings on tho Funds.
<br /> Borrower and Lender may agree in wrfting.however.that interest shall be paid on the Funds. Lcadcr shull give to Borrowar.
<br /> �° - - -° Wltll�st�!lSige. en RR►!�!!!I s.�w►!inttnn�f thG Fundc, clxiwinE creciitc anci dehitc to the Fmuf�ancl the�ur;xxce fi�r wh{c1h each �
<br /> debit to the Funds was made.The Funds are pledged as additional socurity for all sums secumt by this Security Instrum�qt.
<br />` � lf the Funds held by I.ender exceed the amounts permitted to be held by applicuble I�w,Lcndcr shall xcount tn I3orrowor
<br /> for the excess Funds in acrnrdancc with the requimments of applicable faw.If the amount of tho Funds h�►d by Lendar at any
<br /> -`� 1j time is not sufficient to pay the Escrow Items when due.L.ender may so notify Borrawer in writing,and.in wch case Borrowor -
<br /> �� a�� shall pay to i.ender the amount necessary to make up the deficiency. Borrower shall make up the deficiency in na mo�t1tAn
<br /> -- -'�'v`�"• twelve monthly puyments,at Lender's sale discretion.
<br /> ,� ��..-r.
<br /> - . �, Upon payment in full of all sums scxuted by this Security Instrument. I.endcr shnll promptly refund ta Bo�row�er any _
<br /> ,� . Funds held by l.ender. If,under parugrnph 21. C.ender shall Acquirc or scll the Property,I.ender,priar ta the arquisitian ur salu
<br /> - of the Property,shall apply any Funds held by l.ender ut the time of acquisition or sala os a credit against the sums serun�d by
<br /> _ � this Sccurity Instrun�ent.
<br /> - 3.Application ort Payments.Unlc,s applicable luw pmvides otherwise,ull paymentv received Uy Lender under paragraphc
<br />'�' �.:„
<br /> ! and 2 shall be applied: first, to uny prcpaymcnt charges duc under the Nnte; ticcond,tu�maunts puyuble under puraFinaph 2;
<br /> ¢t�°�'.r" f '"` third,to interest due:fourth,to principul duc:and lutit,to any Irte chargcs Jue under the Note.
<br /> � .�'•�� 4.CharRes; Liens. B(1RAWM tiIIII�I p3y:III IBXCti,asu��timents, chargcs.fincz arxi impnsiti�im attrilwtable to thc Aroperty
<br /> • �, which muy attuin priority over this S�YUrity Instrumcnt. and Ie:+schold paynxnts or ground rents, if uny. Bnrrower�{tall pay
<br /> ��..
<br /> � r'r!��{;�:• these obligations in the m:mner provided in parugrrph 2,or if not paid in that munner, &►rrower sh•rlt puy them on time directly
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<br /> � ..�i-.�.,•,� to the person owcd paymcnt.&mowcr shall prcimptly fumi.h tu LcnJcr all�xxices uf amountti to be puid undcr thh parugrAph.
<br /> �+'��: �'�+'• If Borrower makes theu:paynxnts dirc�tly. &�rr��wer shall promptly furni.h to L.c�xlrr rerriptti cvidenring the Quynxnt�.
<br /> �i Barrower shall promptly discharge any licn whirh has priority ovcr thi,Scrurity In.trumcnt unleti�Borrow•cr: (u)agree�in
<br /> writing to the payment of the obtigation xtiured by the ticn in a manner urccptahle t��I.endcr, �b)cuntctit.in gocxf fuitl�the ilcn
<br /> -_�^,e1f;�_;� � by. or defends against enforceme�it nf the lien in. Iegal pnx���dings w�hirh in the l.rnder'. opiniun apr.rate to prevent d�e
<br /> -- �-"-'_�..� enforcement of the lien:or(c)secures from thc holder of the lien�n agreenxnt aatitif;irtory•to I.ender tiuhordinating the lien to
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<br /> ��� .-- • this Security Instrument. lf Lendcr determi�ks th•rt any p:►rt��f thc Pro4xny i. .uhjrrt tii a lirn whirh �ruy atirin prioriry over
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<br /> '_.� �?%�?=►" this Security Instrum�:nt.Lendcr mry givr&�rr��acr a n��tirc idrntifying thr lirn. F3��rruucr.hall .ati.fj�thc liem�ir tal:e nnt or
<br /> �'`� ' mor�c of thc xtions sct forth�bovc within 10 day��,f thr giving of noticc.
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