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<br /> 'i'OCiEfHER Wl'fH�li the improvements now a t�erc,�fter ere+etod on ttte prc�eny.anJ dl euemaits.�ppurtenances,
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<br /> l�wruma�t. AI!of the fcx�egoin�is oe(erred to in this Secwity Tmtrument u the"Property."
<br /> BORROWER QOVENANTS that Bocrowu ie kwfully seiKd of the esute tieneby conveyed�nd has tha ti�ht to�rant
<br /> s�nd convey the Propaty and thu the Prc�eny Is unencumberod,exeept fa eneumbnnces of recad. Bocrowr,x wan�np�nd
<br /> -- - wlU defe�-�d Qr�r�tiy the title ta the Property a�nst�il claims ar�i dc:muulr,ruLja;t w ru�y e�kumbrur,c�d tecard.
<br /> THIS SLCURTfY INSTRUMBNT combines unifam covenanus fix natlonal use and non•uniform cevawui with
<br /> -°-� IimGe�d v�u-iationc by jiuicdlc:tion W conitiwk�uniform security Luuument covering real property.
<br /> UNIFORM COVENANi'S. Bomower�nd Lender covawnt u�d agroe as falbws:
<br /> i. Paymaot of Priaclp�l�ad Iaterat:Prep�yane�t aad Lste C6a�a. Barnwu sh�l!pramptlY prY when due the
<br /> priacip�l of u�d intercst an the debt evld¢nced by the Note u�d any prepayment and I�te chargea due under Ihe Note.
<br /> 2. Fuads tor'lyxes aad Ioaun�pce. Subject co applicable law or to a wcitten walver by[.ender.Bomnwer sh�ll p�y to
<br /> l.endcr on the day monthly payments ue due under the Nae.una! the Nae is pa�d In full,a sum("Huids")fix:(�)yeuly
<br /> taxa and assessmenta which may attaln priaity over this Secudry Instrument as a lien on the Pnaperty;(b)yeariy leasehold
<br /> � � payments or ground ra►ts on the Prnpecty.if any;(a) YeariY h�zard a property insunnce premiwns: (d) yerdy tlood
<br /> insurance prcmiums, if any; (e)yeariy mortgage insurance premiums,if any; and(� �ny sums payabb by Barower w
<br /> L.ender,in accocdance wlth the provisions of paragroph 8,in lieu of the payment of mo�tgage insurance prcmiums. 11xse
<br /> items ara called"Escrow[tems." Lender may.at any time,eoUcct and hold Fiinds in an uiwunt not to excad the nnximum
<br /> anaunt a lender for a federally rel�ted mortgage loui may requlre for BorrowerS escrow account �u�der the fedecal Real
<br /> - - -- Esute SettlemenrProcedures Act of 1974 as runended from dme to cime.l2 U.S.C.§2601 u srq.("RFSPA").unle.,a,uK,tt�i
<br />__ = law that applies to the Fi�nds scts a leascr unoun� If so. Lender may.at any time,collect and hotd Huds in an amount not to
<br /> _•M� exceed th� lesser amount. I..ender may estimsNe the amcwot of li�ndc due on the basia of cument data and rc.�son�bk
<br /> " esdmates of expendltura of futuro Escrow Itema or dherwise in�ccordance with applicable law.
<br /> 'The l�nds sball be held in an institu6on wlwse depo�its are lnsured by a fede►al ag�ncy.instrumentaltty.or entjty
<br /> (including I.ender,if Lender is such an institution)or in any Federal Home Loan Bnnk. Lender shall apply the Funds to pay
<br /> ^ the Escrow Items. I.ender may not cherge Barrowcr for holding and applying the Fvnds.annually analyzing the escrow
<br /> ��'"'• y�'� account,or verifying the Escrow Items,unless Lender pays Borrowar interest on the Funds and applicable law pemtits
<br /> Lender to make such a charge. However.Lender may require Borrower to pay a one-time char�e fa ar�independent real
<br /> estate tnx repoiting service used by Lender in conaection with this loan.unless applicable law provides othenvise. Unless an
<br /> agrcernent is madc or applicable law requires inurest to be paid,I.ender shall not be requirod to pay 1Borrower any inttrest or
<br /> _ - eamings on the l�nds. Borrower and[.ender may agree in writing,however.that intercst shall be paid on the Fvnds. L.ender
<br /> siull give to Borrower,without charge.an annual accaundng of the Funds,showing cmdits and debits to the FLnds and the �
<br /> ,,, �c pmpose for which each debit to the FLnds was made. The Funds are pledged xs ndditionxl security for all sums secureQ by
<br /> .:s� thitSecutity Insmiment.
<br /> -„��q if th� F1u�ds hzid by Ler�r e;�ceed ihe arnaunts permitted ta be held by applicabic law. I.c;ulcr shal! accaur�t ia
<br /> ;�����'°1�� Bortower for the excess Fbnds in accordance with the requirements of epplicable law. If the amount of the FLnds held by
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<br /> " , ��w�, � I.ender at any time is not sufficient to pay the Escrow Items when due.Lender may so notify Bomower in wrlting,and,in
<br /> ' t��+r:f�:?�,;�Y'�: ' such case Botrower shall pay to Lender the amount necessary to make up the deficiency. Aorrower stwll nwlce up the
<br /> r,;i�.�.�,:�rf .. �.• •'- defic�enc Y P Y
<br /> _ :;,;,.f.,:a;,�.,;...:, y in no more than twelve monthl a ments,at Lender�s sole discretion.
<br /> '�N �Y J�1' ��'.'.."� Upon payment ln full of alf sums secured by this Security Inswment,Lender shaU promptiy refund to Borrower any
<br /> � ��r+�;u�•.+�� •-: •� l�nds held by Lender. If.under paragraph 21.Lender shaU acquire or sell the Praperty.Lender,prior to the acquisition or
<br /> �� �� ' �r� ,._�,,, sale of the Property,shall apply any Funds hcld by Lendcr at the time of acquisition or sale as A crcdit against the sums
<br /> ,, :�•�; �, . ,:�, suured by this Security Instrument.
<br /> � •�� 3. Appli¢ation of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br /> ':' �''� `�'*i�_�.�;,:4 ara ra s I and 2 shall be a lied:first,to an n rnent char es due under the Note;second,to amounts a abla under
<br /> ;r :,:��x'; .,.,,,.. P 8 Ph PP Y P PaY 8 P Y
<br /> ' i�1;��.�"'� • 2;third,to interest duc;fourth,to mci 1 due;and last,to an late char es due under the Note.
<br /> '� ' �4 Char�es; Liens. Borrowcr shall pay all t�xes,assessmentsycharges,fnes and impositions attributable to thc
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<br /> �� ''' . ��`��' ''" Property which may attain priority over this Security Instmment.�nd leasehold payments or ground renu.if any. Borrower
<br /> . Y`"" �l� shdl a these obli ations in the mannec rovided in ara ra h 2,or if not �d in that maoner,Borrower shall them on
<br /> Y�.,.,-•,�,}.�tt>.;;�;, P Y S P P E P Pa� P�Y
<br /> , !��,,�,.,,,,�.,. time diroctly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts to be paid under
<br /> `.,: •. this paragrnph. If Bamwer makes these payments directly,Borrower shall prampqy fumish to Lender receipts evidencing
<br /> � •r--• � thcPaYments.
<br /> '.��""�:"s � Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower.(a)agrees
<br /> . �,:,,,, in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in gcod faith the
<br /> licn by,or defends against enforcemcnt of thc licn in,lesal proceedings which in thc Lcnder�s opinion operate to prevent the
<br /> � '+ •��•' '4;_.. t� ' . enfa+cement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to I.ender subordinating the lien
<br /> • to ihis Socurity Instrument. If Lender determines th�t any part of the Pmperty is subject to a lien which may attain priority
<br /> �•` ,,,�,'••� • over this Securiry Inswment,Lender may give Borrower a nutice identifying the lien. Borrower shatl satisfy the tien ac take
<br /> `� • �-,•;':;" : oneor more of the actions set focth above within 10 days of the giving of notice.
<br /> �-�� � °' •:�:��'.:''';. 5. Hwrd or Property Insurana. Borrower shall keep the improvemcnts now existing or hereafter erccted on the
<br />�. • ,;,;f,:;�:; '�� � Property insurcd against Ioss by fre,hazards includcd within the tcrtn"extcnded covcrage"and any�ther ha�ards,including
<br /> -- s • • • floods or flooding. for which Lender requires insurance. '[his insurance shall be maintained in the amounts wd for the
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