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<br /> TOa�7'HEIt W1TH�11�ha improvetnenu now or hercafter erocted an tlx propeny.w�d�II easemrnts.+�unen�nce�, -
<br /> � �nd fixturca now or tKreafter a put of thc property. All repl�ements and additlonR shAl1 Aiso be coveted by thia�ecurity
<br /> lt�strument. All of the fore�oln�Is rcfemed to in this Security Instrument�s thc"Property."
<br /> BORROWER COVENAN7'S that Borrower!s lawfully seicai of the eatwe hereby conveyu!and ha+the ri�ht to�rant
<br /> u�d convey the Pcoperty nnd thxt ihe Property is unencumbered,exeept for encumbru�cec of recard. Eorrower wuTanta and
<br /> wUl defend genernlly the titk to the Propecty���uc+dl cl�ims and demands,subject to�ny encwnbance4 of rccotd.
<br /> THI5 SECURITY INSTRUMENT combinea unifam covens►nu t'or mtional use u�d non-unifotm covenant� with
<br /> �-���` ` - -�"' limitod vuiadons by jurisdictfon w constitute Y ucuforni security instrumcnt covcring n:il pruperiy.
<br /> UNIFORM COVENAN'fS. 8orrowcr and Lender covenuu md agrx a�follows:
<br /> 1. P�yment ot Principal and Inferest;P�^ep�7mcot aad Late Char�a. Bort�ower sh�ll promptly pay whcn due the
<br /> principa!of uid Interest on the debt evidenced by the Note and any prcpayment pnd late chargea due under the Note.
<br /> Z. Funds(or'ibuces and Laurance. Subject to appljcable law or tu a written waiver by Lender.Borrower shall psy to
<br /> Lender on the day monthly payments are due under the Note,unt�l the Nae is paid in futl,a sum("l=unds")for:(a)yearly
<br /> taxes and assessments which may attein priority over this Secudry Insdument as u licn on the Property;(b)yearly leasehold
<br /> - payments or ground cents on the Property. If any: (c)yearly haza.cd or property insu[ance premiums: (d) yearty tlood
<br /> insucar�ce pnmiums. if any; (e)yearly mortgage insurance pnemiums, if any; and(� any sums payable by Borrower W
<br /> Lender,in accordanee with the provlsions of paragraph 8.in lieu of the payment of moctgage insurance premiums. These
<br /> items are called"Escrow Items.' Lenckr may,at any time.collect and hold Fvnds in an amount not t�exceed the maxlmum
<br /> - -- ---- emount a lender for a federalty relnted mortgage loxn may requir�e for Borcowerk escmw account under the federal Re�l _
<br /> Esuue Settlement Procedures Act of 1974 as amended from t�me to time. 12 U.S.C.�2601 et srq.("RESPA"),unless another
<br /> law that appties to the Funds sets a Icsscr arnount. If so,Lender may.at any time,collect and hold Funds in an amount not to
<br /> - - ° __° excced d�e tesser amount. l.ender may estimate the amount of Funds due on the l�sis of currcnt data and neasonable
<br /> --- estimates of expenditures of future Fscrow Items or otherwise!n accordance with applicable law.
<br /> 'IT�e Punds shall be held in an institution whose deposits are insured by a federal agency, instrumentaliry, or entity
<br /> ==-���� (including L.ender,if Lendcr is such an insatution)or in any Federnt Home Loan Bank. [xnder shall apply the Funds to pay
<br /> �� the Escrow Items. Lender may not charge Boaower for holding and applying the Funds, annually analyztng the escrow
<br /> __�'�� account,or verifying the Escrow Items, unkss Le.ndar pays Borrower interest on the Funds and applicable law permiu
<br /> =���'m'�! Lender to muke such a charge. However, Lender may require Borrower to pay a one-time charge for nn independent real
<br /> estate tax reporting c�rvice used by I.ender in connection with this loan,unless applicable law provides otherwise. Unless an
<br /> agrament is made or applicable law requicrs intenst to be paid.Lender shall not be required to pay Borrower any interest or
<br /> �� earnings on the F�nds. Borrower and Ixnder may agree in wdting,however,that intcrest shall bc paid on thc Funds. Lender
<br /> --Y�,t,;;�;,,� shall give to Borrower,wlthout charge,an annual accounting of the Funds,showing credits and debits to the Funds and the
<br /> �"=� purpose for which each debit to the Funds was made. The FLnds are pledged as additional security for aU suma securcd by
<br /> this Security Insuument.
<br /> Ci� If dte Hufds heid by Lender exceed ihc amuuuw�rrtiited ta tsc f�cid by applirablc lau, l.ender SI1�SI 3CC4W1L I4
<br /> + •�.,�-;:_,��.{;�: Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds IxId by
<br /> ',*....-'� Lender at any time is not sufficient to puy the 8scrow Items when due.Lender may so notify Borrower in wriang,and,in
<br /> �`' �'a�''=. such case Borrower shalt pay tu Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> :�T•�"�.�.� deficiency in no more than twclve monthly payments.at Leader s sole discretion.
<br /> �- �" •�•`"�'�� Upon payment in full of all sums secured by this Secudry Instrument, Lender shalt promptly refund to Borrower any
<br /> y�'�.:�?�;,�'".i ��: .
<br /> ,^.�'±�:�•,:' � .s �. Fvnds held by Lender. If.under paragraph 21.Lendcr shall acquire or sell the Property.Lender.prior to the acquisition or
<br /> „�,�-�;;''t.,,;,.,:,...,;� sale of the PropeRy.shall apply any Funds held by l.ender at the time of Acquisition or sale as a credit against the sums
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<br /> :,•...�v.W•.,���:. ' secured by this Security Instrument.
<br /> �,,,�„„, .�,,..� 3. Applicatbn of Payments. Untess applicublc luw provides otherwise, all payments received by Lender under
<br /> .�,�pe,n• •>- . paragraphs I and 2 shall be applicd:first,to any prepayment charges due under the Note;second,to amounts payable under
<br /> ��,_• ,:,,w u ..�� paragraph 2;third,to intercst due:fourth,to princ�pal due;and last,to any late charges due under the Note.
<br /> -�"�' y�;r�.,. :;. 4. ChacQes; Liens. 9orrower shall pay nll t•rxes, asse�sments, chatges, fines and impositions atuibut�ble to the =
<br /> �,,:'.• • Property which may attain priority over this Securiry Instrumcnt,and Ieaseho�d payments or ground rents,if any. Borrower _
<br /> �;`"; shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manncr,Borrower shall pay them on =
<br /> �;•;;;� � time directly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts to be paid under �
<br /> �,s �:,. chis paragraph. if BoROwer makes these payments directiy.8uuower shalt promptly furnish to Lender receipts evidencing
<br /> y�-�;'� ' the paymcnts.
<br /> ,,..,. . Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:lal agrees
<br /> �"s = �-�� -'� in writing to the payment of the obligation secumd by the lien in a manncr acceptable to Lender,(b)contests in gaod faith the
<br /> —�� � lien by,or defends against enforcement uf the lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> -- -°��:- enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory ta Lender subordinating the lien
<br /> ��� �� ro this Securiry Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priariry -
<br /> �x's��it'r'� . -
<br /> li�'�--!-s14• over this Securlty Instrument,l.ender may give Borrower a notice identifying the lien. Boaower shall satisfy the lien or take
<br /> � °' "'��''�'� one or more of the actions set forth above within !0 days of the giving of notice.
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<br /> �ry�`""'' S. Hazard�►r Property Insurance. Borrower shall keep the improvements now exi�ting or hereafter erected on the
<br /> �'�`°�'�'�>� Property insured against loss by fire,hazards included within the term"extended coveragc"and any other hazards,including
<br /> �`�����`�3�v� floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
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