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<br /> 'fOGE7'HBR WITH all the Impravcments now on c�roafter erected on thc�xopeny.wxl�11 w�ement9,�ppurtenancar.
<br /> snd fixturec now ot hereafter a�wtt of the propeny. All t+episcementa md addidonY�hall�Iw be wvarod by thl�t Srcurlty
<br /> - � }tr.lse:satstt. �!!o!the fort�oi�!s refmrd eo ie tM�Src�eity In.t�ument�the"N"'f'e�tY.»
<br /> BORROW�R COVENAN7'S that liarrower l:iswfully zeixd of the erute hercby canveyod w�d har the d�ht to�nuu
<br /> �uid convey the Propaty and that ehe Prop�nY is unencumbercd,except for encumbduices of rocord. Borrower w�rints�rid
<br /> wU!defend�eneraily�he tltk to the Ptopettp a�ainst all clalms uid demand�.wbject to my encumbrux�ea of rccuN.
<br /> THIS SECURCfY lNSTRUMENT combines unifam covenw�t�r for nuiawl use �nd nai•w�ifcxm cove�antx wlth
<br /> ._ ____� limited vui�tianx by Judsdiction w concdtuce a unifam sxudty inswment coverin�resl property.
<br /> UNIPURM COVF.NAN7'S. k3arower�nd Lender covenant And a�ra as follows: W�d��
<br /> 1. Paymeat ot PrWctpal aad Interat:Prepa7meat aad L�k CMu�es. Borrawe�shall promP��Y P�Y
<br /> pclnci of and interest on the debt evidenced by the Note and any prepayment and late ch�uges due urrder!he Nde.
<br /> � F�r�tor'Ii�es ssd Ia�uraeke. Sub,jeci co applk�bk law or ro a wrinen wniver by L,endqr.Borrower ahall pay to
<br /> Lender ott the day monthly pnyments erc due w�der thc Note,until the Nute is paid in full,a sum,l"��'7 for:(A)yearly
<br /> uxes md�csessment�which may atwln prio�tY over this Sccuriry Inspvment s►s a lien on the 4�rapetty;!b)yearly leswehold
<br /> paY�nents or ground rents on the PropertY. if any; (c) Yearly havud or propetty insuranca prcRnittm�: (d) yearly flaod
<br /> insuru�ce premiums. if any: (e)yearly mat8agc �nsurwua premiums,if any: end (� any.sums,payabk by Borrower to
<br /> Ld�der.in accord�nce with the provlsia�s qf parABraPt►���n lieu of the payment Rf mactgage insur�u►ce prem►ums. Tbese
<br /> items ane called"Escrow Items.' L.endqr may,at u►y dme.collect and iwld E�nds in pn arrwunt not to exceod the maximum
<br /> amount�lender for a federatly retate�mo�t8age loan may rcquira for Bocrower� escrow account under the federAl Real
<br /> Estate Settlement P[ocafures Act of 1974 as amencled from time to time,l2 U.S.C.$2601 et seq.("RESPA"),unless another
<br /> - -� I�w ttwt spplies co rhe Funds sets a tesser�uwuut. if w,i.c�►der may,at uny dme.coitect and hold Funds in an amount not to
<br /> ezceed the lesser sunount. Lender may estimate the amow�t of Funds due on the basis of cument data and neasorwbk
<br /> � euimates of expenditures of future Escrow Iteins or otherwise in accordance with applieAble law. —
<br /> '1'he iiinds shall be held in an institution whose deposits are insured by u federal agency, lnsaumentaliry. ar entiry
<br /> (including Lender,if Lender is such an institution>or in any Federal Home Loan Bank. I.ender shaU applp the Funds to pay
<br /> the Escrow Items. Lender may not chuge Botrower for holding and applytng the Rmds,annuully analyzing the escrow
<br /> �ccoun� a verifying the Escrow Items. unkss Lender pays Borrowcr interest on the Funds and applicable law permits
<br /> — Lender to make such a cbarge. However,I.ender may require Borrower to pay a one-time charge for an independent rea!
<br /> eatau tax reporting service used by Lender in connection with this loan,untess applicable Iaw provides otherwise. Unless un
<br /> �greement is made or appliceble I�w requires interest to be paid,Lendcr shall not be required to pay Bo�rower eny intcrest or
<br /> earnings on the f�nds. Borrower and Lender may agree in writing.however.that interest sh�ll be paid on the Funds. Lender
<br /> ahall gtve to Borrower.without 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 Funds are pledged as additional socurity for all sums secured by
<br /> this Security Instium�nt.
<br /> If the Funds held by Lender exceed the amounts pertnitted to be held by applicable law, Lender shall account to
<br /> Borrower for the excess Funds in accordance with the reqwrements of appiicabie iaw. if che Amount of the Fwxia i�rld by
<br /> -- L.ender at any dme is not suffcient to pay the Escrow Items when due,l.ender may so notify Borrower in writing,and,in
<br /> -�ff+. such case Borrower shuU pay to Lender the amount necessary to make up the deficiency. Borrower shatl make up the
<br /> ___�n� deficiency in no mon than twelve monthly payments,at L.ender s sole discretion.
<br /> °''"� Upon payment in full of all sums secured by this Securiry Insaument,l.ende�shall prompdy refund to Burrower any
<br /> �'``� Plmds held by Lender. If.under paragraph 21.Lender shall acquire or sell the Aroperty,Lender,prior to the acquisition or
<br /> ,_„�� sale of the Property,shall apply any R►nds held by Lender at the timc of acquisition or sale as a credit egainst the sums
<br />=w�,`.� securcd by thi�Security Inswment.
<br />._�� 3. ApplicAtlon of Payments. Uniess upplicabie law provides atherwix, a11 payments received by Lender under
<br /> .�_�-� paragraphs 1 end 2 shall be npplied:first,ta any prepayment ch•rrges due under the Note;second,to amouna payable under
<br /> -_��� paragraph 2;third,to intetest due;fourth,to pnncipal due;and lust,to any late charges due under the Note.
<br /> _- - 4. Char�es; Liens. Borrower shall pay all taxes, assessmcnts, charges, fines and impositions attributnble to the
<br /> �,91f;��' Property which may atwin priority over this Security Instcument,and leasehold payments or ground rents,if any. Borrower
<br />�`e�` shall pay these obligations in the manner provided in paragraph 2,or if not paid in thut manner,Boaower shall pay them on
<br />'.�:„�,'; time direcdy to the person owed paymeot. Borrower shall promptly furnish to Lender all notices of amounts to be paid under
<br />:,.�.,.�� this puagraph. If Borrower makes these payments directly.Borrower shall promptly fumish to l..encler receipts evidencing
<br /> thc payments.
<br />__�;u;� Borrower shall promptly dischlrge any lien which has prioriry over this Security Instrument unless Borrower.(a)agrees
<br />?_�;,�Yr;u'� in writing to the payment of the obligation scxured by the lien in a manner acceptablc to l.ender,(b)contests in good faith the
<br /> —_— lien by.or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> �w a=��! enfocrement of the lien;or(c)serures from the holder of the lien an agrecment satisfactory to Lender subordinating che lien
<br />`��� to this Socurity Inswment. If Lender determines thut any pArt of the Aroperty is subject to a lien which may attain prioriry
<br /> -�``'s' over this Security Inswment.Lender may give Borrowcr a notice identifying the lien. Borrower shall satisfy the lien or take
<br /> -�''� one or more of thc xtions set forth above within 10 duys of the giving of notice.
<br />-=�;� S. Hszard or Property Insurance. Borrowcr shaq keep the Improvements now cxisting or hereafter erected on the
<br /> =��;-� Property insurcd against loss by fire,hazards included within the term"extended coverage"and any othen c�izards,including
<br /> —..,�;t� floods or flooding, for which I.ender�equires insurance. This insurance shsll be maintained in the amounts and for the
<br /> ___..�
<br /> Flxw 3025 9/9� lpoRe 2 of 6 paResl
<br /> . $:
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