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<br /> 183- ii0240
<br /> TO(iE'fHER WITH�II the impn►vcmrnts now or henafter rntit��l��n the prupeny.und�11 e�ren�ntx,�ppunenwkes,
<br /> -._— - uid fixturcw aow ar herwfter a part af the propeny. All replucemcnts wxl u�ktiuuns stwii ulw ix:wvnrwl by�his 5ecuricy `
<br /> . Imtrumcnt. All of the forcgoing is rcferred to in this Sccurity Instrument�thc"PrcMerty."
<br /> BORROWER COVENANTS that Borruwcr fs 1�wPutly�cissd of the cst:�te hercby convcycd und has ttk tlght w grant
<br /> - -- and convey the Propeny nnd that the Pro{xrty is une�xumbercd,exce�t for encumbrwtices of rccord. Bcxrower wsrrunr and
<br /> — �"""�' will defend generally the tttle to the Property agdnst all cl�ms arni demancis,subject to ony encumbmnces of rccord.
<br /> ;r,;;��� THIS SECURITY INSTRUMENT combines uniform covenynts for natianal uu und non-unifortn covenants with
<br /> �'���,,,�,.,�w limitod v�uiations by jurisdiction m constitetc a uitilorm sccurity insuumrnt cuvrrittg rrut pru�xcty. �
<br /> �_�'� UNIFORM COVENANTS. Borrower and Lender covenant end agc�ee as follaws:
<br /> - ,�a,,,,�„�;�,� 1. Payment ot Prindpnl And Interest=PrepAyment and LAte Ctwrga. Borrowcr shull promptly pay when due the
<br /> -= — principal af and interest on ihe debt evidenced by the Note and any prcpayment and late charges due under the Note.
<br /> —�+�� 2, �uods[or'Ibzes�nd Iasurance. SubJect to applicable Iaw or to a written waiver by Lender,HoROwer shall pay to
<br /> --�..�..,.,,.,� L.ender on the day monthly payments ure duc under thc Nae.until thr Note is paid in fuil,a sum("Fundc")for. (a)yearly
<br /> ��'�°•s���° ta�ces and nssessmcnts which may attain priority over thts Securiry Insuvment os a lien on the Property;(b)yearly leasehold
<br /> ----�r�-;-�°w• payments or ground rents on the Prupeny, if any; (c) yeuly hsuud or property inwrancc premium�: (d) yearly flood
<br /> ��y;�y insurance prcmiums, if any; (e) yeazly mortgage insurance prcmiums, if any; and (�any sums payable by Bocrower to
<br /> ,���. L.ender,in accordance with the provisIons of puragraph 8,in tiau of the payment of martgage insurnnce premiums. 'Chese
<br /> ;�#:-. . items are called"Fscrow Items' Lender may.at any time.collect and hold Funds in an Amount not to exceed the maximum
<br /> __ .i�, ;�f" ' amount a lender for a fe�iernily related mortgage loan may require for 9orrowers escrow account under the federal Keal �
<br /> �;m' ��, '�Y' Estate Settlement Procedures Act uf t974 as amended from time to time, 12 U.S.C.$2601 etseq.("RESPA"),unless unaher
<br /> ::y � V,:�- luw that applies to the Funds sets a lesser amount. 1f so,Lender may,at any time,wUect and hold Funds in en amount not to
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<br /> , j�. +, exceed the tesser amount. l.ender msty esdmnte the amount af Funds due on the basis of curcent deta and rensonable
<br /> �-�, estimates of expenditures of futum Escrow Items or otBerwise in accurdance with appticable law.
<br /> ';:��,;;,�;���..,,`;�•,.. 'ihe Funds shall be held in an institution whose deposits are insured by a federul agency, instrumentality,or entity
<br /> •, ' . (inc lu d ing L.cnder,i f Lender is auc h an inst itution)or in any F e d era l Homa Loan Ban k. Len�ler s A atl apply the R u�d s to pay
<br /> ; y� ��•� • .-;-a� � the Escrow Items, Lender may not charge Borrower for holding and applying the Funds,annualiy unatyzing the escrow —
<br /> • ':h:�'`� �� '� '�'� account, or verifying the Fscrow Items, unless I.ender pays Borrower interest on the Fund� smd applicabie I:�w pertnits
<br /> ° Lender ta make such a charge. However, Lender mAy requim Borrawer to pny a one-time charge for an indeprmient real —
<br /> '"`•�` '"'��`��� ''� estate tax reporting service used by L,ender in connection�vith this loan,unless appticable iaw provides otherwice. Unless an
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<br /> ;'_r,,.,�.,;i, '�..:,..� , ,, agreement is made or applicable luw requires interest to be paid,Lender shall not be required to pay Bocrower any interest or
<br /> ,,�;;,,,����;,;.,.",,;x,4 ;j eamings on the�unds. Borrower and L,ender may agree in writing,however,that interest shall t�e paid on the Funds. Lender
<br /> .�'�:�o,������•.,.��,•..t shall give to Bornower,without chazge,an nnnual accounting of the Fli�ds,showing credits and debits to the Funds and the
<br />' ! " �' �•''? '''� • ' �' u se for which each debit to the Funds was made. The Funds are led ed as additional securi for all sums secured b
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<br /> ` —,��,�,�,4:.__:�(� • this Security lnstrument.
<br /> ,-.�s�����•;I; �`" ii the Funds heid by Lender exceed the amounis permitteci to i�e held by appiicubir iaw, �.CtlIICI lllifll ��,:uuut tu
<br /> ° �'°'� "�� ' Borrower for the excess Funds in accordance with the requimments of applicable law. If the amount of the Funds held by
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<br /> •� • Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Bcxrower in writing,and,in
<br /> � .��'�>�'••�� � ��'� such case BoROwer shall pay to Lender the amount necessary to mAke up the deficiency. Borrawer shall make up the —
<br /> .' . " . deficiency in no more than twelve monihly payments,at Lender's sole discrerion.
<br /> .: , .:�.�• Upon payment in full of nll sums secured by this Security Instrument, Lender shall prompily reFund to Borrower any __
<br /> ,. . Funds held by Lender. lf,under paragrnph 21,Lender shall acquire or scll thc Property, Lcnder,prior to the acquisition or e.
<br /> . sale of the Properry, shall apply any Funds hetd by Lender at the time of acquisition or sale as o credit ugainst the sums -
<br /> ' � secured by this Security Instrument.
<br /> . 3. Applicatton oP Payments. Unless applicable law provides otherwise. ap payments received by Lender under �
<br /> ";,. • � paragraphs 1 and 2 shall be upplied:first,to nny prepayment charges due under the Note:semnd,to amounts payable under
<br /> -;„ , � paragraph 2;thi�d,to interest due;fourth,to principal due;und last,to uny late charges due under the Note.
<br /> f, � 4. Charges; Liens. Borrower shall pay all taxes. asressments, chargcs, fines And impositions uttributable to the =
<br /> � "' Propecty which may attain priority over this Security Instrument,und leasehold puyment�or ground rents,if any. Borrower
<br /> � :;,,�,.,.'•, . shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrowe�shall pay them on
<br />; ;,�• , �� . � time directly to the person owed payment. Bo�rower shall prompdy fumish to Lender all notices of:�mounts to be p�id under
<br /> • �� • ' , .,' this paragraph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receipts evidencing -
<br /> . the payments, -
<br /> ' �''';' ' Borrower shall promptly discharge•rny lien which has priority over lhis Security Instrument unless Barcoa�er:(a)agrces °
<br />-_ • ,-:,:�` �� ' • in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith ihe
<br /> � �° ''`';#� lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's oPinion operate to prevent the -
<br /> . . i,_. ,.r; �"�-°' ' enforcement of ihe lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating thp 19en _
<br /> • �f�• � to this Securiry Instrument. If Lender determines thot any part of the Property is subject to u lien which may attain prioriq� �
<br /> ,r �� � ��Fi�% ��� over this Security Instrument,Lender may give Borrower a notice identifying the lian. Bo�rower shall sutisfy the lien or t�ice
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<br /> .,y.-.. . one or more of the actions set forth above within 10 days of the giving of notice.
<br /> •''����`• 5. HazArd or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
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<br /> �>>�;,,:;�� � Property insured against loss by fire,hazards included within the term"eztended wverage"md any other hazards,inctuding !�
<br /> .� ;.�;�.,:.•�•:'::,:'. floods or tlooding,for which Lender requires insurunce. This insumnce shall be muintuinad in the amounts and for the `
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