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<br /> TW�1'H�It Wi i li ali the improvenxnts now or ixre�fcer eraced on thr{xu�xiiy.w�#att w��nmsces,
<br /> �rKl tixturea naw a heceaRer a piut af the propaty. All repl�cement�uid�dAitions�hall�Iw be eoverod by this SecwitY
<br /> lnxtrument. Alt of the farcQoin�is nfsmed to in thie Security Inswment u thc"Propeny."
<br /> BORROWER CQVENANTS tiuit Bocrower is I�wfully seiud of ihe estrte hercby catveyed and hw tfie right to�rant
<br /> uid convey ttte l�roperty and d�at the Property is w�encumbercd.except fur encumbrances of roco►cl. Bamwer warr�ntr�nd
<br /> will defend;enenily the titk to the Propeny a�ainst atl d�[ms�nd dem�nd�,wbkct co�ny encumbrance�of rocad.
<br />_ =_ ------ T4:l� S°�URfTY !!`:STT:ilRtENT casnbines ��niG►nn mvmants fcx n�tinn�l use �nd nan-unifam covaw�ts with _
<br /> -- Ilmlted vui�tion�by juricdictia�to constitute a unifonn secwrity inurument coverin�ruil propeny.
<br /> UNIF4RM COVENANTS. Borrower�nd l.encier coven�nt wW agc�ee a�s follow�:
<br /> — l. PaymeNt ot Principd and lateresl;Prepwymeot�ad latk CMu'�a. 8orrowcr shall ptomptlY paY when due the
<br /> princip�l of uM interest on the debt evidencai by the Note�nd u�y prepaymeat and IAU chargcs due uride�ihe Noto.
<br /> 2. Funds for'I1�xes and Inwrance. Subject to applicablo I�w or to a written waiver by l.ender,Bortower�tl pay to
<br /> - ' L,ender on the day monthly payments uc due undcr the Note,until the Nwe is pi►id in full,a sum("Funds")for.(a)yearly
<br /> _ .._- �-_-..,. :. -- -�
<br /> t�xes wxf assessments which mAy attai»priority over this Security Instrumcnt as a licn an thc PcopcAy:( ) yeaz y ease
<br /> p�yment� or grauxl rents on the Property, if any: (c) yearly hu�i or Ixc�peny insurnnce prcmiums; (d)yearly flood
<br /> insuruna premiums. if any; (c) yearly mactgage i�surance premiums, if any; and (�uny sums payabk by Borrower to
<br /> Lender.in accordancc with the provisians of paragraph 8.in lieu of thepayment of martgage Insuronce premiums. 'Iliese
<br /> itemc ara callod"F.scmw Items: Lendcr may,at nny time,collcct and hold Funds in an amcwnt nat to excced the m�ximum
<br /> � � xmcx►nt a lender for a fedemlly related mortgage loan may require for BorrowerY esemw peraunt under the feder�i Re:►1 `
<br /> _�;�:, Estate Settlement Pmceduces Act of 1974 as amended from uma to time,l2 U.S.C.�2601 er seq.("RFSPA"),unless�aott�er
<br /> - !aw that applies to the fi�nds seGs a lesser amount. If so,Lender may,at any time,collect and hold Fw�ds in an aimwnt not to
<br /> excoed the lea�ser amount. Lender may esdmate thc amount of FLnds duc on the basis of cwrent d�ta and neasonable
<br /> �• estimues of expendltures of future Escrow ltems or othcrwise in accarclance with applicabie Iaw.
<br /> .,_:�- rc. ,, , 'me F�nds shall be held in an institution whose deposits are insurcd by a federal agency, instrument�lity,or entity
<br /> �� '�,. (including l.ender,if Lender is such an institution)or in any Frderal Hane Loan Bank. I.ender shall apply thc rundx to pay
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<br /> ?+��, • t h e Escrow I t e ms. L e n d e r m a y n a c h a r g e B o�r o w e r f o r h o l d i n g a n d a p p l y i�g t h e P u n ds,annuall y anal yzin g the escrow
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<br /> ,;:,;,�.,. ;� acccwnt.or verifying the Escrow Items, unless Lender pays Borrower interest on the R�nds and applicable law petmits
<br /> *�:��;s�,��'�i" Lender to make sucb a charge. However.Lender muy require Borrower to pay a one-time chargv for an i n d epen d ent rea l
<br /> ��-,�;;,, �}"`�t"�±:��•' estate tax re ►n service used b l.ender in cannectiun with this loan,unless applicable law pcuvides otherwise. Unless an
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<br /> �.� 5 V, w u�reement is made or applicab(e law reyuir�s interest to be paid.Lender shal l not be r�quired to pay Borrower eny interest cx
<br /> � ,, .�'. :'t'�'G�••<••;��",-t';;, eamings on thc Funds. Bormwer and L.ender may agroe ln writing,however.that interest shall be paid on the Funds. Lender
<br /> �'''�''����•~•~'`•�';,:' shall give to Bartower,without cliarge,un annual accuunting of the Funds,showing credits and debits ta A�e Funds and the
<br /> ��?�:��� °;`�'�-�t�i�j. purpose for which each debit to the Funds wis made. 'Ihe Funds are pledged as additional security for all Sums secumd by
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<br /> .. ... If the Funds held by Lender exceed the amounts permi¢ted to be held by applicable law, Lender shail account to
<br /> � ' . Borrower for the excess Funds in accordance with the requirements of applicubk law. If the amount of the Funds held by
<br />' . • Lender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in wating,and,i�
<br /> � such casc Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deftciency in no more than twelve monthly payments,at l.ender's•sole discrction.
<br /> Upon payment in full of ull xums secured by this Security Insuument.i�ender shall promptly mfund to Boirower any
<br /> Funds held by Lender. If,under paragruph 2 t,Lender shail xquire or sel! the Property,Lender,prior to thc acquisition or
<br /> ' sale of the Property. shal! apply any Funds held by Lender at the time of ncquisition or sule as a credit against the sums
<br /> secured by this Securiry Instrumcot.
<br /> ;�r . .. 3. Application of Payments. Unle.s applicable law provides ntherwise.uli paymenis received by l.ender under
<br /> - paragraphs 1 and 2 shall be applied:first,to any prepaymcnt charges due undcr thc Note:second,to urnounts payable under
<br /> ,� .. , paragraph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4. Chs�rges; Liens. Borrowcr shall pay all taxes, assessments, charges, fiac. and impositions attributable to the
<br /> . Property which may uttain priority over this Security[nstrument,and leasehold paymentti or Fround rcnts,if any. Borrower
<br /> '�� shall pay these obligations in the manner provided in paragraph 2,or if not paid in that m•rnner,Borrower shall pay them on
<br /> time dircctly to the person owed puyment. Bon•owcr shall promptly furnish to Lendcr ull nutices of amaunts to be paid under
<br /> � this paragraph. if Borrower makes these paymentti dircctly, Borrowe�shall prompUy fumish to l.ender receipts evidencing
<br /> , the payments.
<br /> �``� Bonower shall prompdy discharge any lien which has priority over this Security Inst�ument unless Borrower:(a)agrees
<br /> • � in writing to the payment of the obligation secured by the lien in a ma►ener acceptabie w Lender;(b)contests in good faith the
<br /> a� �.-� lie�by,or defends against enforcement of thc lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br />�~� �;'."'�� enforcement of the lien;or(c)securcs from the hulder of the lien an agreement satisfactory to Lender su6ordinating the lien
<br /> � ' � " to this Security Instrument. If Lender determines that any part of the Praperty is subject to a lien which may attain priority
<br /> �;�.,:, _��.�,� over this Security instrument,Lender may give Borrower a notice identit'ying the lien. Borrower shall satisfy the lien or take
<br />: '�".�, .,�,�';��`� one or more of the uctions set forth above within 10 days of ihe siving of noticc.
<br />- � ���'� 5. Hazard or Property Insurance. Borrower shail keep thc improvemcnts no�ti•existin�or here•rftcr crccted on the
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<br /> � � ,� . ..,, . �� Property insured against loss by�re,hazards included within the term"extended coverAge"and any other ha�ards,including �
<br /> �_ � �_, .. floods or flooding, for which Lender requires insurnnce. This insurance shall be maintained in the umounts und for the �
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<br /> �i`- . ., " For�303� 9190 (puxr 2 njb pagcs)
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