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<br /> 'T(K36THER WITH all tho impravem�nt+nuw ur Ix�muftcr crectcd un thc propr.ny,und ull rusrmrntti,appurtcnunre+, r,��•,_-.�..T.----
<br /> - �,'� ......•� " und fitilurea now or hereufter u purt of�hc propeny. All repluccmentv und uckiitfuna xhull also he cavcnd by Ihis Securily
<br /> ' . �4; Inx�n�ment. All of the foregoing i+rcf��Ted w in this Sccuri�y Instrumem us the"Pcti�ny" —
<br /> •o�• BORROWER COVENANTS IhAt Bnrrower is lawfully+ciseJ af�he es�ulc hereby conveyed und has�he right w gram
<br /> ' �.,�!' �, and�onvey the Propeny and thut the Pro�rty i�unencumbered,except for encumbruoce+o`record. Som�wer wommts und _—
<br /> �� ; ��� '„ will defend generally�he�ide to the Prupeny ugaimt All claims und demnndF,subJect to any encumlxunces ol�rccurd.
<br /> � ' THIS SECURITY INSTRUMENT wmhinc� unifumi cuvcn�►nt. fiir national usc and non-unifom� rnvenan�s wi�h =-
<br /> . .. � —___--,s ._..._�_
<br /> � . -,.,, limited vnriations by juriadiction lo con�titute u uniform sccuriry insuumem wvering real propeny.
<br /> � �� ' UNIFORM COVENANTS. Borrowcr And Lender covenant und ugmc as follow�: -
<br />� ;,y , '� 1. Payment of Principal and Inte�est:Prepayment aod Late ChArges. Burrowcr�hall prompdy pay when due the �_________
<br /> ,i , ,' � principal of nnd intcrest on the debt evidenced by�he Note und Any prepayment nnd late chargcs due under�hc Natc. o
<br /> � 2. F�unda for'lbxes and lnsurance. Subjw�:l to applii:Ablc law or to a written wuiver by Lendcr.Sorrowcr+hull pay�o __ _
<br /> . .. • l.ender on thc dny maMhly payments ure due under the Note,until thr Note is puid in full.u sum("Funds"1 f��r:lul yeurly °;";� ^
<br /> tnxes and a�segsmem�which mny uttuin priarity aver this Securiry Ins�rument ns A lien on�he Pmpeny:(bl ycurly Irusehald �''`=��
<br /> , payments ur ground rents on the Propeny, if any: (c) yearly hnzard or property inhurnnce premiumx; (dl yeurly tload �,
<br /> t insurance premiums, if any; (e) yearly manguge in�urnnce premiums, if uny; and (Il Any �ums payablc by Bormwer to ~
<br /> . � �' �. Lender,in uccardance with the provisions of pura�traph R,in lieu of the payment of mongage insurance prcmiums. 7'he.e � __ _
<br /> �,''�:• ,, items are culled"�scrow Items." Lender muy,at any time,coUect und hold Funds in un omaunt not to exceed the mnximum _ --_ .
<br /> ,•;;:�:i�t. �
<br /> umount u lender for a federally related monguge laln may myuim for Borrower�s escrow uccount under�he federnl Rcal -�,t." ���
<br /> ' " �. '����~i ,,.` Esiate Setllemenl Procedures Act of 1974 as amended from time to lime.12 U.S.C.$2601 er sry.("RESPA"),unless anattier . .
<br /> :•�'� - •-• ' . law that applies to the Funds se�s a lesser nmaun�. If so,Lencl.c may,at any time.collect und halJ Funds in an amoum not to �. '�-`�-t�
<br /> �c�,_. '' �'•".�'.' � ' exceed Ihe lesser amount. Lender muy estimate the umount of Funds due oR the basis of curtent dntu and reusonable �—.;;' �,� �
<br /> •. .,}:1,;.: • ..�. --
<br /> '�'t�e.., estimotes of eapendiwres of future Escrow Item�ar atherwise in accordunce w�ith applicuble luw. ,. , ��-;�_�
<br /> � �,.�;{;:y�,rs:� �
<br /> The Fundti+hull bc held in an institution whose deposits urc insured by a federul agency, instrumcntulity. or enlity ; � ,�
<br /> ' �•�4;����`��� • (including Lender,if Lender is such an institution)er in any Federul Hume Loun�ank. Lender shull apply the Funds to pay :••• �
<br /> � the Escrow Itcros. I.ender may nat charge Borrower for holding and applying the Funds,annunlly analyzing the escrow �;;;�'`�'��
<br /> � �� ,:;'`;;;;��� nccount, or verifying the Fscrow ltems, unless Lender pays Borrower interest on the Funds und applicuhle law permits '-___
<br /> Lender to make such u churRe. How•r��er. Lender may require Borrower to puy u one-time churge For on independent reul ••�,,,,, --.
<br /> " eswte tax rcportins servicr used by Lender in connection with this loun,unless applicable law provides otherwise. Unletis un �::-��.,�,�;,'•,
<br /> t � ugreement is made or opplicuble law requires interest to be paid.Lendcr shull not bc reyuirc d ta puy Borrowet uny interest or � • -
<br /> ��• '^�� � eamings on Ihe Funds. Borrower und l.ender muy ugrec in writing,hmvever,�hut interest shull be pnid on�he Funds. Lender •
<br /> . ' . shall give to Borrower,without charge,w�unnuul nccounting of the Fund�,showing credit.und debils tu the Fund.and the �; ��,• ,� `
<br /> ', purpose for which each debi�to�he Funds wus made. The Funds ure pledged ns udditional security for ull sumr secured by ;•, �•. _ _
<br /> � -- �r;'---':_= this Secunry instrument. � _+4� ' -- �=
<br /> ���'�;� '' If the Fundti held by l.ender exceed the omaunta permitted w !x held by applicnble luw. Lender shull uccount to A•,r�c �,_�
<br /> ; ,,.,, M�.. ��
<br /> "'�:;::�•„'• Borrowcr for the excess F1mds in uccordancc with the reyuircmcnts oi'•rpplicvble luw. If the umuunt uf'the Fund,hcld b}• �t' ,,�L����
<br /> xu ficient to u �he Escraw Items whcn due,Lcnder may xn notify Burrowcr in wri�ing,and,in r;`::;4•r�: �r';.-�
<br /> Lender At uny ume is not f p Y �.,,.�.,..,•°�°
<br /> � , xuch case Borrower shull puy to Lender the umount necessary to mukc up�he deficiency. Borrower �hull muke up �he ,;,� t^.,,:. -. w_k
<br /> ., ' deficiency in no more�han twelve momhly puymentx,a�Lcnder's xole diticre�ion. '%.�•��''.' ''."�
<br /> ,;�.r,,. Upon paymcnt in full of all sums serured by this SNCUrity ImtromeM,Lender shull promptly refund w BuROwcr:my .. :....,.,,+..,,�'. '
<br /> ���'.`. Funds hald by Lender. If,under parugrnph 21,Lender shull ucquire or sell Ihe Prapeny.Lender,prior to�he acquisition or • "x•
<br /> ' `'``� sale of�he Propeny,shull upply uny Funds held by Lender At �he time of ucquisitian or sule as n credit again:ct the wms ••.:•���•. ,.
<br /> � � ,'��::�����` . secured by this Securi�y Inswment. �' '
<br /> � 3. Application of 1'aymenls. Unlc,x applirublc luw pruvides othcrwise, all payments received by Lender under k '�•'•�••}
<br /> � .. ptUUgmphs 1 nnd 2 shull 6e upplicd:first,to uny prcpayment churgca duc under the Nrnc:second,to umounls payable under � . _�-•
<br /> ' �,:1'!'. parugrnph 2;Ihird,to interest due;founh,to principal due:und las�,lu any late charges due under the Nutc. �� ��J;
<br /> � t'• 4. Charges; Liens. Borrowcr shull pay aQ taxez, assetismem+, charges, fine. und imposi�ions attribwuble to the � •, �.x__
<br /> � It���i�� Property which mny attuin priarity over lhis 5ccurity�nstrumrnl,und Ieu,chold payment.or grounJ rents,ii uny. Borrower j�°� � ,,,-.
<br /> ► ' tihell pay these obligations in Ihe munner provided in parugruph 2,or if niit puid in that manner.BoROwer tihall pay them on � - ` _
<br /> � ' time direclly to�he person owed payment. Burrower xhull promplly fumish ro LcnJer ull nu�icc.of umountx io be pnid under �;�F"� ` ��-.
<br /> this p•rrugruph. If Borrawer muke�these p•rymrntx direrUy,eorrowrr+hull promptly furnixh to Lender receipts evidencing ��..;;��: ;
<br /> the payments, , ',:��
<br /> Bortower shall promplly dirch�rge any licn which ha.prioriry over thix Sccurity Imin�ment unless Borrowcr.(a1 agrces �.•'��; ,' �,. :`�,,.'.'." '�
<br /> � �;. . ...
<br /> in wri�ing to the payment of thc obligatinn tircurrd h}�Ihr lien in:�munner accep�ublr to Lender:(b)contests in g�wci faith Ihe , ' • � , ;}+" .
<br /> � lien by,or defendx uguinst enforcement of Ihr lirn in,Icgal pnxceding.whirh in �hc LenJcr;opinion operate to prevent the ;�', �:`�'� ` ;�:;•t.^��{
<br /> .. enforcement of the lien:or(c)securex from!he holder of�he lirn un ugreemrnt�ati.factory lo Lender xuix�rdinuting the lien ''� � ''�;'�:;':'!�`���__
<br /> � � to this Securiry Ins�rumcnt. If Lcnder detcrminrs that any pan of ihe Pn>Fxny i,subjcri tu u licn which may uttuin priori�y . ��.,.',. . .
<br /> , over this Securily Ins�rument,Lrnder muy give Burrower a nutirr identifyin�the licn. Borrowcr shull sntixfy the licn or tuke �;, ,
<br /> • one or more of Ihe uctionx xet fonh utwve within II►days�►f�hr�iving of notice. ::-'�
<br /> $ , 5. Hazard or Property Insurs�nce. Borr��wcr�hall hcep ihe imprav�mrnt.nuw rxi.iing or herral'ter erccted on�hr �•`••
<br /> Proncrty in+ured aguin.t lo..by fire,hazarJs inclmkJ within ttx tcm�"rzlcndcd r�rvrra�r"and any��thcr hatards,includin�
<br /> tloods or floocfing. for which L�nJrr reyuirex in+uruncr. Thi, in.uruncc .hall lk ntuintuined in Ihc umounl+ and for Ihe
<br /> ,.• Form J027t 9�911 ��ni¢r_'�q n p��er�� �
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