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<br /> -- TO(3ETH8R W1TIi ull tix impruvemcnts now un c�rcuftcr crccted cx�th. pruperty,undul cu+cmcntti,appurtcnancex,
<br /> -- �s!fir.ts�re4 now or her.:Hfre.r a s►xn uf thc QropcRy. All mpluccmcnts and additions +hull alsa bc covcrcd by thiY Sccurity
<br /> Instcument. All of the fi�reguing fti rcferrcd to in this Security lnsttument ax thc"Properiy:'
<br /> � BORROWER COVENANI'S that Barrowcr is lawfully seiseci of thc c�tute hcreby ronveycd und huti the ri�ht to grant _
<br /> � and convey the Property and Ihat the Propeny is unencumbered,exccpt far encumbruncex of rerord. Borrower wnRUnts and -
<br /> .-���•� �� will�fend QEneraify the title to the Pmperty egainat all claimc and demands.suQject to uny encumbrances of record. r-
<br /> -F� THIS SBCURITY INSTRUMENT combineF uniform covenants for nationul use und non-uniform cmenents wtth
<br /> .- limitul v�ri�tia�x by jurisdictiai to consdtute a unifonn sccudty instrumcnt covcring rcal pmperty.
<br /> � �
<br /> .,._� UNiFORM COVENANTS. Borrawer and Lendcr covenunt and agree as foilows:
<br /> -- ' 1. Payment oiPrincipd and Interest;Prepayment and Ls►te Charqas. Borruwer shull pramptly pay whcn duc the
<br /> � � pdncipuI of and intereu on the debt avidenced by the Note nnd�ny prepayment and late charges due under the Note. _
<br /> � `�,� • � ' 2. �nds fw'hxes and lnsurpnce. Subject to upplicable law or to a written wuiver by Lender,Borrawer shet t pay to
<br /> " % Lender on the day manthty payments nre duo under the Notc,until the Notc is paid in fuU,a swn C'Funds")far:(a)yearly _
<br /> . _�.�._.._.�._o_� taxes and assessments which muy atcain prioriry over this Security Instrument as a Iien on the Property;(b)yearly leakhold _
<br /> -- payments or ground rents on the Property,if any; (c) yeurly huzard or property insur�nc� premiums; (d)yearly tluvd
<br /> insurance pt+emiums,if any; (e) yearly mortguge intiurance premiums, if uny; und(�any sums payuble by Borrower to _
<br /> Lender,in accordance wlth the provisfon5 af paragraph 8,in lieu of the payment of mortgage insurancs premwms. These _
<br /> -- items are called"Escrow Items." Lender may,at�ny time,collect and hold Funds in un amount not to excced the m:tximum _
<br /> �_--. -��'�� amount a lender for a federally relntcd monsaga lo�n muy require for Boerowert escrow account under the fedcral Reul
<br /> - - Ecwte Settlement Pcncedures Mt of 1974 an�mended fmm time t�dme.�2 i1.S.C.�260t ��.��q.("RESPA").unlas another _
<br /> - law that applies to the FLnds sets a lesser amount. If so.Lender may,ut any time,collect und hold Funds in an amount not to
<br /> .- �, excced thc lesser amount. I.cnder may esdmate the amount of FLnds duc on the basis of curnnt datu and r�asonable —
<br /> '';'�� estimates of expenditures of fuwre Escrow Items or otherwise in accordance with applicable law.
<br /> • ' .'M� ' 71ie Funda shall be held in un institurion whose deposits aze insured by a federal agency. instrumentality,or entity ''
<br /> r';,'�"'^�:.a'�y� (inctuding Lender,if Lender is such an institut�on)or in any Federai Home Loan Bank. Lendcr shull apply thc Funds�o pay _
<br /> �`�?"''�'�,'�x'^.` the Fscrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow =
<br /> ,�'' . .• account, or vedfying the Escrow]tems, unless Lender pays Borrower interest on the Funds and npplicable law permits
<br /> '� "' '�'�'"' �,,�,r Lender to make such a charge. However. I.ender may require Borrower to pay a one-time charge for an independen[real
<br /> ' , ' ;.��''�� estate tax rcporting service used by Lender in connection with this loan.unless applicablc law provides otherwise. U ntess an
<br /> agreement is made or applicable law requires interest to be paid,Lender shall not bc required to pay Borrowcr uny interest or _
<br /> �;•� -� earnings on the Funds, Borrower and I.ender may ascee in writing.however,that interest shull be pnid on the Funds. Lender _
<br /> :'���! shall give to Bortower, without charge,en annual accounting of the Ponds.showing credits und debits to the Funds and the
<br /> purpose for which each debit to the Fli�ds was made. The Funds are pledged as additional securtty for all sums secured by _
<br />"'F: . 'L ,ti,� this Security Instrumeni. _
<br /> It'ihc I�unds hctd by Ltndcr exceed�he amosuiGS pesmitted tn bP hPid hy applicable taw. Lender shall account to
<br />>;t;;.; "������•``;�'�h� Borrower for the exass Funda in accordance wlth the requirements of applicablc low. If the amaunt of the Funds held by
<br /> :�;�.`'.;��.1q�' Lender at any time is nat sufticIent to pay the Escrow ltems when due,Lender may so notify Borrower in writing.and, in
<br /> � ,;j;•„ . ,. .ti.. such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> �,,i�;..,,�.�, � ,,,,;,. ' deficiency in no mare than twclve monthly payments,at L.ender's sole discretion.
<br /> : '•.�� :�; :�,. ' Upon payment in full of all sums secured by this Security Instrument,I.ender shall promptly refund to Boaower ony
<br /> �.'�"" ^ ' `l' '�' �' Funds hcld b Lender. If,under ara ra h 21, L.ender shall ac uire or seU the Pro rt Lender, prior to thc acqui tiition or
<br /> _3 > :^. . y P 8 P q � y.
<br /> ,�y����;�y��Y , sale of the Property,shall apply any Funds hcld by Lender at the time of acquisition or sale as a credit agninst the surns
<br /> �' , +�:_;• •�.,� . � secured by th[s Security lnstrument
<br /> ' " `'�`� �.; 3. Apptkation o[Payments. Unless applicable law provides othenvise, ap payments receiv�d by[.ender under
<br /> t d:-,.���'';.
<br /> �_�, ' s� ,,,,,,,,'�?, paragraphs 1 and 2 shall be applied;first, to any prepayment churges du�under the Note;second.to umountx payable under -
<br /> paragraph 2;third.to Interest due;fourth,to principal due;and last.to any lute charges due under the Note. �
<br /> `' ��`'�.•la.et`Yk• ^� 4. Charges; Liens. Borrower shall pay all taxes,assessments,charges, fines und impositlom uttributable to thc
<br />•;, .� 7'�,�.�,i,,,;.,.,,,. Property which may attatn priority over this Security Instrument,and leasehold payments or ground rents,if any. Barcower
<br />_:, , ,y�y.�_,;�. . shaU pay these obligations in thc munncr provided in paragraph 2,or if not paid in thut manner,BoROwer shali pay them on
<br />-- � � '�-'° time directly to the person owed payment. Borrower shall promptly furnish to Lender ail notices of amounts to be pa id under
<br /> � y��r.••..:��•�� this paragraph. If Borcower makes these payments directly, Borrower shall promptly fumish to Lender receipts evidencing
<br /> ,,����;,;'',. : _
<br /> = •�, the payments.
<br /> :"=''r��"�; `' Borrower shall promptly discharge any lien which has priority over this Secucity Instrument unless Horrower:(a)agtees
<br /> ` ` "'�`� In writing to the payment of the obligution secured by the lien in a manner acceptable to Lender,(b)conteats in good faith the
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<br /> `�-- . lien by,or defends egainst enforcement of the lien in,legal praceedings which in the Lendert opinion operate to prevent thc
<br /> '� • ,�� enforcement of the lien;or(c)secures frorn the holder of the lien nn a�;reement satisfactory ro Lender subordinating the lien .
<br />-9 �:.:�'z�,-tiN '� ', to this Security InsUUment. If Lender determines that any part of the Propeny is subject to u lien whjch may attain priority ,
<br />�`"=� � • over this Security Instrumtnt,Lender mny give Borrowcr a notice identifying the lien. Borrower shall satisfy ihe lien or take
<br /> � •� ��+;,;���,:�. one or more of the actions set fortti ubove within 10 days of the giving of notice. _
<br /> '"��� ' S. HAZard or Property Insurance. Borrower shall keep the improvemcnts now existing or hereafter crected on the
<br /> • �'�'�` ''` Property insured against loss by fire,hazards included within the term"extended cavcrage"and any other haz�rds,including
<br /> ' '„',•'',;;, flaods or flaxling.for which Lender requires insurance. This insurance shall be maintained in the amounts and for the
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