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<br /> ---- _--- _� TOOETHER WITH all the improvement�now a herraRcr erectod on the�xoperty�q��i e�uemeno i �nenmce�.
<br /> and Gxturcs now on c�reatter a pan of the property. All rcpl�cements And udditiona sh�ll alw be covaect by this 5ecutity
<br /> Inxwment. All of the fore�uin�is rcfeRed to in this 5ecurity Inctrument�s the"Prapeny"
<br /> AORROWER COVENANTS that Borrowet is I�wfully sci►ed of the estwe hercby conveyed and tws the ri�ht ro�nutt '
<br /> and convcy the Property and that thc ProperlY is uner�cumbered,except for encumbru�cea of record. Bamwer w�rnnts and
<br /> wiU defend�ener�lly the titk ta the Propeny�gainsc�1 ctdms and demands,subJect to any encumbnu�ai of rccord. '
<br /> `"—`—�-�—u THIS SECURITY INSTRUM�IV�i combines unii'artn cuvr�uuti� fcn �wtiuti�l use �:t�d �•unifa[m covenents with
<br /> - limited vuiadons by jurisdiction to constitute a unifam security instrument covedng rcal property.
<br /> :'_•:ti UNIFORM COVENAN7'S. Bo�rower u�d Lender covenant and s►grce as follows:
<br /> _ 1. Paymeat ot Principal Aad Ioterat:Prep�ys�e�t aad L�te Ch�a. Barower shail prornptly pay when due the
<br /> -.,,,,- � principal of And interest on the debt evidencod by the Note and any prepayment and late chuges dueunder the Note.
<br /> — _ 2. Funds for 7lucts and Iawranca Subject w applicable law or to a written waiver by Lender.Borrower shatl pay to
<br />----- Lcnder on the d�y monthly paymcnu are due under the Note.until the Nate ls paid in full.a sum t"Funds")for:(a)yearly
<br /> - -- _-- taxes and assessments which may attain pdority overthis Securiry Inswme�t as a lien on the Property;(b)yeuly leasehold
<br /> — paymenu or ground rents on the Property, tf any;(c) yearly hazard or propeny insurance pumiums; (d) yeazly fload
<br /> �' -------- insurance prcmiums. if any; (e) yearly mortgage insurance premiums, if any; and (�uny sums payable by Borrower to
<br /> L.ender,iis accordance with the provisions of paragraph 8,in lieu of the payment of mongage insurance premiums. These
<br />-- items are called"Escrow Items." Lencler may,at any time,collect and hold Funds in an amount na to exceod the maxtmum
<br /> amount a knder for a federally related mortgage loan may require for Barower�s escrow account under the federal Eteal
<br /> �state Settlement Procedures Act of 1974 as amended from time to time.12 U.S.C.$2601 et seq.("RESPA"),unlesx u�atlur
<br /> -�-� law that appties ro the[imds sets a lesser amaunt. If so, l.ender may,at any time.coUect and hold Wnds ia an amount not to
<br /> -= exceed the lesser amount. Lender may estimate �he amount of Funds due on the basis of curtent daca anci reasonable
<br /> , ,, �. • rlY.,•,.,:. espmates of axpenditures of future Escrow Items or otherwise in xccordance with xpplicable law.
<br /> ' The Funds shall be held in an institution whose deposits are insured by a federnl agency,in�uumentality, or entity
<br /> . -�Y�1��4^���„�lf•••.t
<br /> ,�;���-�; , . (including I..ender,if Lender is such en institution)or in any Federal Home Loan Hank. Lender shail apply the Funds to pay
<br /> �i � , ;. '`y 3�LL� ����row Items. I.ender may nat charge Borrower for holding and applying tt�e Funds,annually analyzing the e.scrow
<br /> #°t'�'��'�' � r�ti� account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable luw permits
<br /> ' ���;�� t l.ender to make such u charge. However. l.ender mey require Borrowe�to pay a one-time charge for an independent mal
<br /> �����,' estate tax re rtin cervice used b l.ender in connecdon with this loan,unless a licable law rovides othenvise. Unless an
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<br /> � '�'''""`K•,`k� agreement is made or applicable law requires interest to 6e paid,L.ender shaU not be required to pay Bocrower nny interest or
<br /> .�,:►. .�k.:,
<br /> • ����':�x•,��:,'�=:�.: aamings on the Funds. Borrower and I.ender may agree in writing,however,that interest shall be paid on the Funds. Lender
<br /> : '�',,r'".,,, " �+ i� shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and debits to the Funds�nd the
<br /> "-._ �Ef��9�;'.�y pu�ce for which each debit w the Funds was made. The Funds are pledged us additional securiry for all sums secured by
<br /> • .`�:'�'F:" ,��" ;" � thia Securlry Insnument.
<br /> . . � � If the �nds hetd by Lender exceed the umounts permitted to be held by appiicable law,Lender shal( account to
<br /> , Borrower for the excess Funds in accordance with the requirements of applicable law. [f the amount of the Funds held by
<br /> r ' ' Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so n�tify Bortower in writing,and,in
<br /> such cnse Borrower shap pay to Lender the umount necessary to make up the deflciency. Bortower shall mafc;�up the
<br />, ' � � deficiency in na more than twelve monthly payments,at Lender:s sole discretion.
<br /> ' Upon payment in full of all sums secured by this Security Inswment,Lender shall promptly refand to Bottower any
<br /> Funds held by I.ender. If,under paragrnph 21,Lender�hnll ucquire or sell the Property,Lender,prior to thc acquisition or _
<br /> 3: sale of che Property,shati apply any Funds held by Lender at the time of acquisition or sale ns a credit againu tha sums
<br />° secured by this Securiry[nstrument.
<br /> • . 3. Application of Payments. Unless applicable law provides othcrwise, all paymcnts rcceived by �ender under
<br /> ''•••. •-, • �' • paragrapBs 1 and 2 shall be applied:first,to any prepayment charges due under the Note;second,ta amounts payablo under
<br /> } paragraph 2;third,to interest due;fourth,to principal due;and last,ro any late rharges due u nder the Note.
<br /> 5 ;� 4. C6prges; Liens. Borrower shull pay all inxes, assessmcnts, charges, fines and impositions uttributable to tho
<br /> � Property which may attain priority over this Security Instrument,and leasehold payments or ground rents, if any. Borcower
<br /> shall pay these obligations in the manner providcd in paragraph 2,ur if not paid in that manner,BoROwcr shall pay them on
<br /> � '' time directly to the person owed payment. Borrower shull promptly furnish to Lender ull notices of amounts to be paid under
<br /> this paragraph. If Barower mnkes these payments directly, 8orcower shull promptly fumish to Lender receipts evidencing
<br /> the payments. _
<br /> Borrower shall promptly discharge any lien which has priority over this Serurity Instrument tmloss Botrower.(a)agrees =
<br /> R in writing to the payment of ihe obligation secured by the lien in a manner arceptable to Lender;(b)contests in good faith the
<br />-} 'r�- lien by,or defends against enforcement of the lien in,legal praceedings which in the Lender ti opinion operate to nravent the
<br /> - ,'��� - enforcement of the lien;or(c)secures from thc holder of the lien an agreement satisfactory to Lender subordinating the lien
<br /> ��•�: to this Securiry instrument. lf Lender determines that uny part of the Property iy subject to a lien which may attuin priority �
<br /> �=,�e.,. '•� � over this Security Instrument,Lender may give Borrower u notice identifytng the lien. Borrower shall satisfy the lien or take
<br /> ��� one or more of the actions set forth•rbove within 10 dnys of the giving of notice. _
<br /> �. ,,,�, . .. 5. Hazard or Property Insurance. Borrower shall kcep the improvements now existing or hereafter erected on the
<br /> � Property insured against loss by�re,hazards included within the tcrm"cxtendcd roverage" and any other hazards,including
<br /> � , �--=��••�'. �- floods or flooding, for which Lender requires insurw�ce. This insurance shall De m�intained in ihe i+mounts and for the
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