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<br /> - , T0C3ETHER WITH�q thc improvementr now or hecrafta erectcd on the propeay.�n�I eaae�.• ances. -
<br /> �nd f xtu�+es now or hereafter a part of tho pmperty. All rcplacements �nd additions shall�Iw be covued by thir Security
<br /> lnstrument. All of the foregoin�ia rcfemed to in thia Security inswment u the"Property."
<br /> BQRROWER COVENANTS that Bomower is lawfully seisod of the astate hercby convtycd and has thc right to grant
<br /> u�d convey the Property and that the Property is unencumbered,except fa encumbrances of record. Borrower wartants�nd
<br /> __ -- will defend grneratly the tide to the Pmpeny ugain�t all claimc and demau�ds,wbject to tury encumbrances of rocord. .
<br /> THIS SECURITY 1NSTRUMENT combines uniform cavenants for �u►tional use and non-unifortn wven�nts with
<br /> � litnited vuiadona by jurisdiction to constitute a uniform security instrument covering real puoperty.
<br /> UNIFORM COVBNANTS. Bort'ower and Lender covenant and agra as foilows:
<br /> 1. P�pment ot Principal and Intercst;Prepayment�nd Ls�te Clur�ea Borrower shalt promptly pay when due thc
<br /> principal of and intercst on the debt evidenced by the Note and any prcpayment and late charges due under the Note.
<br /> 2. Funds for'Ihxes aad InsurAnca Subject to applicablc law or to a written waivcr by Lender,Borrower shall pay to
<br /> � Lender on the day monthly payments are due under the Note.until the Note is paid in full,a swn("�nds")for:(a)yearly
<br /> taxes and assessmcnts which may atWn prioriry over this Secudty Instrvment us a lien on the Property:(b)yearly leaschold
<br /> _ payments or ground rents on thc Propeny, if any; (c) yearly hazard or property inaurance premiums; (d) yearly flaod
<br /> insurance prcmiums,if any; (c) yearty mortgage insurance premiums.if any; and (� any sums payable by Horrower to
<br /> Lender,in accordance wlth the provistona of paragraph 8,in Iteu of the payment of mortgage insuranco premiums. These
<br /> ---------- "-'�"— items arc eAlled"�'scrow I[ems." Lender may,at wry tiiue.collect and hold PUnds in en amount noc to exceed the muximum -
<br /> - �unount a lender for a federally related mongage loan may require for Borrower`s escrow account under the federal Real
<br /> - - EstAte Settlement Proce.clures Act of I974 as amended fram time ta time,l2 U.S.C.$2601 et seq.("RFSPA").unless enother
<br /> law that applies to the Funds sets a lesser amount. lf so,Lender may,at any time,collect and hold Fltnds in an amount nat ta
<br /> exceed the lesser amount. Lender may estimate the amount of FLnds due on the basis of current data and rossonable
<br />_ � ,� estimates af expenditures of future Escrow Items or otherwise in Accordance with applicable law.
<br /> F .'��^ '' a •• The flmds shall be held in an lnstitution whose deposits are insured by a federnl agency, instrumer�tality,or entiry
<br /> � (including Lender,if L.ender is such an institudon)or in any Federal Home Loan Banic. Lendcr shall apply the Funds to pay
<br />-- - :; •��` r'�' the Escrow Items. Lender may not charge Borrowor for holding and applying the Funds, annually analyzing the escrow
<br /> account, or verifying the Escrow Items,unless Lender pays Borrower interest on the Punds and applicable law permits
<br /> = Lender to make such a charge. However,Lender may require Borrower to pay a one-time charge for an Independent real
<br /> s� " estate tax reporting service used by Lender in connection wlth this loan.unless applicable law provides otherwise. Unless an
<br /> �- • ;• �n�. « agreement is made or applicable law requires interest to be puid,i.ender shall not be crquired to pay Borrower any interest or
<br /> ��r ' ' ' -•'�:.�� eamings on the Funds. Borrowcr and I.ender may agree in writing. however.that interest shall be paid on the Funds. Lender
<br /> da� ��'� • shall glve to Borrower.without charge, an annual accaunting of the FLnds. showing credits and debits to the Funds and the =.-
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<br /> : ,;,�;.�;� ,,._�. �,,,r.... ° pncpas..for which�ach dcbit io ihc Ft►nsis�ss made. The Funds are pled�zd ss nddittonnl sccur�ty fcx all s»m� rrcorui hy
<br /> ' �1",. `.�` : , this Secudry Instrument. °_
<br /> M�',it�^••-�� - If the Flinds held by I.ender exceed the amounts permitted to be held by applicable law, Lender shall account to
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<br /> �•'•"�� '•' � Borrower for ihe excess Funds in Accordance wtth the mquiremenis of applicable law. If the amount of the F1�nds held by
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<br /> 't .��" %� Lender at any time is not sufficient to pay the Escrow ltems when due,Lender may so notify Borrower in writing, and,in
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<br /> �• � ' such case Horrower shull pay to l.ender the amount �ecessary to make up the deficiency. Borrower shall make up the =
<br /> - ° ••,. �-� 'w,C,..5:• deficiency in no more chan tweive monthly payments,at Lender's sole diuretion. —
<br /> ���.�:y� r Upon payment in full of all sums secured by this Security Instrurnent,Lender shall prompcly refund to Bortower any
<br /> _ ,�;,,;;,,,;�,, ..,,,,,_:, _ Funds held by L,ender. If,under paragraph 2I,Lender shall acquire or sell the Property,Lender,prior to the ncquisition or
<br /> '� sule of the Property,shall apply any Funds held by Lender stt the time of ocquisition or sale as a credit against the sums
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<br /> secured by this Sccurity Instrumcnt.
<br /> :;�, 3. Application of Payme�ts. Unle�s applicable taw provides otherwise, all payments received by Lender under
<br /> :•a� _ paragraphs 1 and 2 shall be npplied:first,to ;u�y prepayment churges due undcr thc Note;second,to amounts payabte under
<br /> .i' pazagraph 2;third,to interest due;founh,to principal due;and lust,to any late churges due under the Note.
<br /> � 4. ChArges; Liens. Borrowcr shall pay all taxes, as�essmentti,chargec, fines and impositions attributable to the
<br /> ''�' Properiy which may attain priority over thi. Security Instrument,and leasehold payments or ground rentx,if any. Borrower --
<br /> ���� - °- . shall pay these obligations in thc manncr provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on
<br />_ • time direcdy to the person owed payment. Sorrower shall prompNy fumish to Lender all notices af amounts to be paid under
<br />�'}� this ppragraph. if Borrower makes these payments directly,Borrower sl�l l prompdy furnish to Lender receipts evidencing
<br /> . '_:,',. thepayments.
<br /> Borrower shull promptly disch:uge any lien which has priority over ihi�Security Instrument unless Bonower:(a)agrees
<br /> ' :� � in writing to the payment of the obligation secured by thc lien in a manner acceptable to Lender,(b)contests in good faith tl�e
<br /> , � " lien by,or defends against enforcement of thc lien in,legal procecdings which in the Lender�opinion operate to prevent the -
<br /> �� '�'` �� �' enforcement of the lien;or(c)secures from thc holder of the lien an agreement satisfactury to Lender subordinating the lien
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<br /> „ o� to this Security Instrument. If Lender determines that�ny part of the Property is subject to a lien which may attain priority
<br /> ,,' . ,.. over this Securiry Instrument,Lender may give Bortower a notice ident ifying the lien. Borrower shall satisfy the lien or take
<br /> +�'��"� �� one or more of the actions set fonh above within 10 days of the giving of notice.
<br /> ���' �;•�'��° ° S. Ilau�rd or Property Insurance. Borrower shall kecp the in�provements aow existing or hereaftcr crected on the _
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<br /> '4�".' o- .. ... Property insured against loss by fire,hazards included within the tcrn►"cztended coverase"and any other ha�ard�,incl�iding -
<br /> �� ev .•,,,:�.._.,. F floods or flooding.for whieh Lender requires insurance. This insurance shall be maint�ined in the amounts and for the =
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<br /> �. �.`�a.,,�c,e;'�...;- Form 3031t 9!!O fpuRe 2 oj6 pag�s) •_
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