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<br /> --- - — 'tYXiE7'NUt W1TH all the lmprovmunta rk�w c�r hnt�t�tt!+��n+t+itvl�n Ihe{�eny,nnd atl c�a:cmentr.appurtqt111icet. _
<br /> uid flxturas now or herca4er a p�ut of the prc�perty. Ap repl�cemem:And�dditianr shall�I�o be covorod by�hi�Security
<br /> Inatrument. Atl of thc frmQo4n�is rcfemnf tu in this Security In�trumeM�x tlk"Pmpeny."
<br /> 80RROWkR COVBNANTS tlutt Barrower fx I�wfully seizod of thc e�txte hercby conveyed and hrs the dght to qr�n1
<br /> �nd convcy the Propeny�nd that thc Property ir unencumbered,except for encumbrar�ces of nxord. 8cxrower warrantr uid
<br /> will defi�d�enet�l�y the dtk to the Property aQ�fn�t dl eWma and demmds.wbJect to�ny encumlxances of recotd.
<br /> ��-�-�----�—� '!'H1S SECURITY 1NSTRUMENT combincs unlfom� covcnants for nationai usc and non-uniform covcnants with -
<br /> limitod vari�tion�by juriediction to conrtitute�uniform cecudty inowment covuin�r+eal property.
<br /> UNIFORM COVENANTS, Borrower�nd Lender covenwnt nnd�grea ws followa:
<br /> - 1. P�ymeat ot Princip�l and Interat;Prepayment aad I.ate Ch�a. Borrower shall promptly pay when due the
<br /> principal af and interest on the dcbt evidcnced by the Note and eny prepayment and late charges due under the Note.
<br /> 2. Flundsi tor'lhxea qnd In�urAnca Subject to applicablc law or to a written waiver by Lender.Barrower shall pay to
<br /> Lender on the day monthly paymcnts arc duc undcr thc Notc,unUl thc Notc is paid in full,a sum("Funds")for. (a)yeurly
<br /> �- taxes and assessments which may attnin prlority ovar this Security Insuumcnt as a lien on the Propetty;(b)yearly Ic�sehold
<br /> payments or ground rcnts on the Propeny, if any; (c) yearly hezard or properry insnrance premiums; (d) yearly tlood
<br /> insurance premiums, if any; (e) yearly martgage insurance premiums,if eny; and(fl any sums payabk by Borrower to
<br /> Lender,in accordance with the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. i'hese
<br /> items ace called"Escrow Items." Lender may,at any time,collect and hold FLnds in an arnount not ta exceed the maximum
<br /> --= amouni a lcndcr t'or a fcdzraliy retate�i ni���tguge toau u�ay ��z�uiee for Gorrowcr�cscraw accoun! und�r sl:e ftdera! R�a! �
<br /> Estate Settlement Procedurcs Act of 1974 as amended from time to time,l2 U.S.C.$2601 et seq.("RESPA"),unleFS aqpther
<br /> :� .;��. law that applies to the Ftmdc sets a Iesscr amount, If so,l.ender may,at any time,callect and hpld Funds in an amount not to _.
<br /> �`;` �''°���� exceed the lesser amount. Lender may estimate the amount of F��nds due on the basis of current data and reasanable
<br /> ,• � �,?• :
<br />,' ��"• esdr�wtes of expenditures of future Escrow items or otherwise in accnrdance with applicable law.
<br />'f,�� '�`�'� The Funds shall be held in un institutian whase depasits are insured by a federal ugencv, insuumentaliry, or entity
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<br /> .,; t�,�t��;,,.;,,:�u� (including Lender,if Lender is such an institution)or in any Federui Home Loan Hank. l,ender shall apply the Flmds to pay
<br />-:; :,y.r,'���.'��:±;;�i�' Ihe �scrow Items. Lender may�ot charge Bonower for holding and applying d�e Funds,annually analyzing the escrow
<br />':`' '"•}`"`�•���''�' ' account, or verifying the Fscrow Items, anless I.ender pays Borrower interest on the �Lnds and applicable Isw permits
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<br /> Lender to make such a charge. However. Lender may require Borrower to pay a one-time charge for an independcnt real
<br /> '`�� estate tax reporting service used by L.ender In connection wtth this loan,un{ess applicable law provides otherwi�:. Unless an
<br />_ agreement is made or applicable law requires interest to be paid,Lender shall nat be required to pay Borrower any{nterest or
<br /> earnings on the Funds. Bornnwer and Lender may asrec in writing,however,that interest shAU be paid on the Funds. Lcndcr
<br />�'_�'_� shall give to Borrower,without charge.an annual accounting of the Funds,showing cmdits and debits to the Funds und the
<br /> purpose for which each deblt to the Funds was made. The Funds are pledged as additlonpl secudty for all sumx secured by
<br /> -= th3s Sxnrlsy Insuuraept.
<br /> , . ,.�,: ; ' If the Fundc held by Lender exceeci the amounts permitted ta be held by appliruble luw, Lender xhall account to
<br /> '�„w!r�,��;�`��c Borrower for the excess Flinds in accordance with the requircment+of�pplicuble law. !f the umount of the�nds held by
<br /> '•` �•` Lender at wny timc is nnt rufficicot to puy thc Escrow Items when duc,Lendcr may so notify Borrowcr in writing,and,in
<br /> °�, such case Bortnwer shall pay ro Lender thc umount necctitiary ro mukc up thc deficiency. Borrower sh�ll mukc up the
<br /> `' �z"���'��` ��`' deficicncy in no more than twcive monthly payments.ut Lendcr'�solc discretion.
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<br /> ,«; +!�!=���± Upon payment in full of all sums secured by this Security Instrument,Leuder shaq promptly rcfund to borrower any _
<br /> `�"' ' Funds held by L.ender. 1[,under paragraph 21,Lendcr shali acquirc or sell the Property. I.ender,prior to the acquisition or -
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<br /> •:wn.•..•. _. . . : isale of the Property. shull apply any Flmds held by Lender at the time af acquisition or sale as a credlt against the sums
<br />. :�:�;':�;- .. }_�.. aecured by this Security Instrument.
<br /> '� 3. Application of Payments. Unics� upplicuble Inw provides otherwisc, all payments received by Lendcr under
<br />= �M1.;.,,.,�.�,.,� paragraphs 1 and 2 shall be npplied:first,to any prepayment charges due under the Note; second,to Amaunts payable under
<br /> , �.,.�.i z ,. puagraph 2;third,to interest due;fourth,to principal due;and lust,to any late charges due under the Note. �
<br /> 4. Charges; Lkna Borrower shall pay all taxes, assessmcnts,charges, fines and impocitions attdbutable to the
<br /> ,,_,�._���-..•!. Property which may attaIn priority ovcr this Security Inswment,and leasehold payments or ground rents,if any. Borrower
<br />' shall pay these obilgation�in thc manner provided in parugrWph 2,or if not pnid in that manncr,Borrower shall pay them on
<br /> .� ��+��n'tL�' time directly to the person owed payment. Borrower shnll promptly furnish to Lendcr all noticcs of amounts to be patd under
<br /> � -,. .w...._ � ... --
<br /> ����t,fd�..:: this paragrnph. If Borrower makes these payments directly,Borrower shail promptly furnish to Lender receipts evidencing
<br /> >°:`:;,.�•.. .��,. the payments.
<br /> �y,..� �" Borrower shalt promptly discharge any lien which has priority overthis Security Instrument unless Borrower:(a)agrees _
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<br /> ' � �r•y-� . �: , in writing to the payment of the obligation secured by the lien in a munner acceptabic to Lender;(b)contests in good fuith the =�
<br /> `�T, � .;t- �� lien by,or defends against enforcement of thc lien in,legal ptoceedings which in thc Lender.l•opinion ope�ate to prevent the
<br /> =- enforcement of the lien;or(c)secures from the holder of the lien en agreement satisfacrory to Lender subordinating the lien
<br /> _ 'i.,..,;,,F�` to this Securiry Instrument. If Lender derermines thAt any part of the Pcoperty is subject to a lien which asay attain prioriry
<br /> - ' " over this Securlty Insuument,Lender may give Borrower a notice identifyIng the lien. Bonower shall satisfy the lien or take
<br /> _ .;,.,�;--�f; one or more of the actlons set forth abovc within(0 days of the giving of notice.
<br /> '-f� �•" 5. HnzArd or Property Insuronce. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> ' ,-.�,::_ Property insured against loss by fire,hazards included withfn the term "extended coverage"and any othcr hau►rds,including �
<br /> ._,����-Y';'��.y floods or flooding. for which Lender requires insurance. This insurance shall be maintained in the amounts and for the -
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