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<br /> TQ�i6'�'N�R W1TH all the improvcmentb now or hereafter crected on the property,und all cubements,nppurtcnances.
<br /> -- �nd fix��.�.tes nqyy or hereaRer a put of the pmperty. All repiwcements und ndditians shpii ai�.t,a Cavrrcd by tfils 3ecusity -
<br /> lnstn►ro�t)t..Al}Qf the forcgoing i:rcferral to in this Sccu�iry In:trument as the"Property."
<br /> BU�tRQW�R COVENANTS tt�at Borrower is lawfully ceiced of the estate hercby comeyed�rid h�the right to�rant
<br />_ and convey the,Property�nd that ihe Property is uneacumbercd,except for encumbrancec of rccord. Bcxrower wanantr�nd
<br /> will defeid g�enerapy the title to the Property aYainst all claims and demandc.cubJect ta any encumbrances of record. -
<br /> -_"�— THIS.S�URITY 1NSTRUMENT combines uniform covenants for nation�l use and non•unifam coven+tntn wlth
<br /> limits�vadat�p�.5 ny Jurisdiction ro constltute a unifomn iecurity iestr�ment covering real propeny. _
<br /> u UNIFURM��VCNANTS. Borrower and Lcnder coverwnt wnd agree us follows:
<br /> �.,,,,.�-�,.,,ar,,,y,��� 1, P�aKp�t of Principal and Interest;Prep�yment And Late Ci�ar�es. Borrower sh�ll pramptly pay wher�due the
<br /> �y prinCipal4f and,'v►terest on the debt evidenced by thc Notc and any prepayment and late chargc�due under the Note.
<br /> — -------�� 2. Ftu�dR fn�7'axes and Iawranee. Subject ta applicable taw or to a written waiver by l.ender.BoR�wer shall pay to
<br /> �°'�'-���� Lender an the d�y monthly puyments are due under the Note,until the Note is pald in full.a sum("Funds")far:(a)ye:uly
<br /> _- _�,;�.,.��;�::� taxes und u&ess�ts which may attain priority over thir Securiry Instrument as a lien on the ProE�crty:(b)yearly leasehold �
<br /> - paymqnts or gmµr,v� rents on the Property. if any; (c) ye:uly hazard or property �nsurance prcmiums; (d) ycarly flood
<br /> -- insurance prerm�V,�tti, if any: (e)yearly mortgagc insurar�ce premiums, if any; and (�uny sums payablc by Borrower to
<br /> Lender, in acCOrc�Jtie wlth the provisions of paragraph 8.in Ileu af the payment of mansuge insurance premiums. Thesc
<br />°—�,•.��-_�;� items are ealied."�tcrow Items." Lender may.at any time,coilect and hold Funds in an amount not ta exceed the maximum
<br /> ��-��s�� amrwnt n Isnder for a federapy related mortgage loan may rcquire for Borrower's escraw account under the federal Real
<br /> �--x���l'!�'�� Estate Settl�rt�nt¢'eoceduras Act of 1974 as amended from time ta time. 12 U.S.C.�2601 et seq.C'RFSPA"),wiless:�nother -
<br /> - law th�t pppliev tp.Q�e Funds r.ets u lesse�amount. If so,Lender may,at any time,collect und hold Funds in an amount oot to
<br /> ., ; .I:-''�, :. excecd tix le.9ssr amPUnt. Lendcr may estimate the amount of Fimds due on thc basis of current data nnd reasonable
<br /> -���' :•�',�-�• estimatea of�xpendStures of future Escrow Items or othervvise in�ecordance with epplicAble law. -
<br /> "'�`�'".' ``�� � 71�e Fw�ds sti�ll be hcld in an institution whose deposits erc insured by a federel agency, instrumentaliry, or entity
<br /> • ,�i�:�i,: :��•rr'..�- •
<br /> (includiag Lemder,if L.ender is such an instimtion)or in any Federal Home Loan Bank. Lender shall apply thc Funds to pay _
<br /> .... ..,. .:. m
<br /> =;;�-;.. • �• the fiscrow Itennr. l.ender may not charge Horrower fo�holding and applying the Funds,annualty analyzing the escrow
<br /> ��;=-,�:u=�,�';i,,• account,or verif;+ing the Escrow Items, uniess Lender pays Borrower interest on the Funds and applicuble law permits
<br /> o,.,� .. .,, .
<br /> - . Lcnder to m�ice such a charge. However,Lender may require Borrower to pay u one-time charge for an independent real
<br /> . '::'. '� estute tax reparit�g servlce used by Lender in cannecdon with this loan,unless applicable law ptnvides otherwise. Unless un
<br /> _����.;.^ ;, agreement is mYde or applicabie luw requires intcrest to be puid,I.ender shall not be required to pay Borrower any interest or
<br /> • eamingg on tht.�'unds. Borrowcr und Lender may agree in writing.however,that interest shall be paid on the Funds. Lender
<br /> �;w�;_, ' ,. shall give to sarmwer,without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the
<br />. - �y ;� �- purposa for whK{s each debit to the Funds was made. The FI►nds are pledged as addltianal security for all sums secured by
<br /> . �:#:. .' this Security instrument.
<br /> � ���•�� � -- ' !f tlr. For_:ts held by Lender exc!�?d th? Am��mrc �,ermiued co be hetd by apglicabfe law. Lender shall account to
<br /> � Bonower for d�g excess Funds in uccordance with the reyuirements of applicable Iaw. if the amount af the Funds held by
<br /> [.endsr at nny time is not sufficient to pay the Escrow Items when due,Lender mny so notify Bo�sower in writing,and,in
<br /> such ca�a B�reower shall pay to Lender the umount necessary to make up the de�ciency. Borrower shall make up the
<br /> ' deficiency in n�more than twelve monthly payments,at Lender's sole discretion.
<br /> � Uport��:ment in full of all sums secured by this Securi[y lnstrument,Lender shall promptly refund to Borrower any
<br /> . Fund.S held by l.ender. !f,under paragraph 21,Lender shall acquire or sell the Property.LendeG prior to the acquisition or =
<br /> ' sale of the Prupetty,shall upply any Funds held by Lender nt the time of acquisition or sale as a credit against the sums
<br />- secured 6y this Security Instrument.
<br /> 3. Apptieation of Payments. Unless applicable law pravides otherwise, all payments received by Lender under �-
<br /> '"= °"`°""' ' `"'"'"" ra s ]und 2 shall be a lied:first,to an rc a ment char es due under the Nac;second,to amounts a able under
<br /> , P�E Ph• PP� Y P P Y S • P Y -
<br /> �: paraOraph 2•third,to interest due;fourth,to principal due;and last.to any late charge�due under the Note.
<br /> . 4. Ch�rges; Liens. Borrower shall pay up taxcs, ussesxmentx, charges, fines and impositions auributable to the
<br /> Property whish may attain priority over this Security Instrument,and leusehold payments or ground�ents,if any. Borrower
<br />� ' shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner,Borrower shall pay them on
<br /> � � time di�estly to the person owed payment. Borrower shall pramptly fumish to Lcndcr all notices of amounts to be paid under
<br /> . this para�gruph, If Borrower make�these payments directly,Borrower shall pramptly fumish to Lender receipts evidencing
<br /> ' the payrnents.
<br /> Bormwer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees
<br /> in writi�gto the payment of the obli�ation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the _
<br /> .,. _� lien by. or defends against enforcemcnt of the licn in.Iegal proccedings which in the Lcndcr's opinion operatc to prevcnt thc =
<br /> � ���`"' � enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordin�ting the lien --
<br /> ';c to this Seeurity Instrument. If Lender determines that any part of the Property i�subject to a lien which may attain priority =
<br /> �fu.a�. � - ovcr thi9 6ecurity(nstrument,Lender may givc Borrowcr u noticc identifying the lien. Borrower sfiall satisfy the lien or take "
<br /> � � one or rnore of the actions set fonh allovc within 10 days of the giving of notice. --
<br /> `± � (��. ,.• 5. Hau�rd or Property Insurance. Borcowcr shnll kecp the improvements now existing on c�reaftcr erected on the
<br /> ;� , . � �roperty in�ured against loss by fire,hazards included within the tcrm"extended coveragc"and any other hs�ards,including
<br /> flaodg�ar�flaoding,for which Lender reyuires insurance. This insurance shall be maintained in the amounts and for the
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