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<br /> . TOGETHER WITH ali the impmvcmenty ru�w or hereafcer erected u��ii�jxoprrty,wid ull�ws�mcnts.appurtenencr�,
<br /> �nd fixturc�naw ar hereARer�pact uf tix propeny. All rcpl�cement�+nd additian►ahali ulw be covenal by thie Sccurity
<br /> Iniwrntnt. Ail of thc foreeoin�i�rcferrcd ta In this Securiry Inrwment+►�the"Ropeny,"
<br /> BORROWER COVENANTS ttwt Botrower is lawfully seised of thc est4te hercby conveyed and has thc right to gruu
<br /> and cotivey the Propeny and IhAt the Prope�ty ls unencumbercd,except!or encumbrunces of record. Borrower warrant�ond
<br /> will detend�enerally the dde to the Propeny+�gain�t�ll cldms wd demuide,subJcet to any encumbrw�ces of record.
<br /> - _-.�,_�- --- -.-.�a TH18 SECURlTY lNSTRUMENT mmbincs unlfocm covenants for astlonal ase and non-unif�snn rov�nantr: wi�h
<br /> _ � limited vui�tinns by judsdiction to conctitute�unifortn�curity incuvment coverinR real nropertY.
<br /> UNIFORM WVBNANI'S. Borrower and Lender covenw�t and agree w follows:
<br /> � I. paymeot of Pr(nciprl And Ipten�ti Prepayment snd Late ChAr�ea. Borrower sholl promptly pay when due the
<br /> principii of and interest on the debt evidcnced by the Note and any prepayment and late cherges due under the NWC.
<br /> -- — — 2. Funds for 71�xes and Ipcurance. Subject to applicable law or to a written waiver by Lender,Boaower shall pay to
<br /> ___—= Lender on the day monthly payments are due u�der chc Note,until the Note is patd in full,a sum("Funds")for:(a)yearly
<br /> ----- -----= taxes and assessments which may cttain prioriry ovcr tt�is Securiry Inswment as a lien an the Property;(b)yearly lea�ehold
<br /> - — _ payments or ground renGc on the Property. if any; (c) yearly hazard or property insurnnce premiums: (d) yearly flood
<br /> insurance prcmiums, if any; (e) yearly mortgage insurnnce premiums, if any; and (� any sums puyable by Borrower to
<br /> � Lende�,in accordance with the provisions of paragraph 8,in lieu of the paymant of mortgage insurance premiums. 'Il�ece
<br /> _f_�;K��� items are calied"Escrow Items.' Lender may,at any time,collect und hold Funds in an amaunt not to exceed the maximum
<br /> .� i amount n lender for a federally related martguge loan may require for Bocrowers escrow account under the federal Rcal
<br /> Fstate Settlement Arocedures Act of 1974 as amended from time to time,l2 U.S.C.$2601 et srq.("RFSPA").unless another
<br />� , law that applies to the Funds sets a lesser amount. If so,Lender may,at any time,collect and hold Funds in an amount not to
<br />'�` � }r."'"'�"��'�c,., a• exceed the lesser amount. Lender may esUmate the amount of Funds due on the basis of cument dat+� t+nd rea+onable
<br /> ` Y���," ' est�mates of expenditures of future Fscrow Items or otherwlse in accordance with applicable law.
<br /> • ;�'f:�..��� The Funds shall be held in an instetution whose deposits are insured by a fedcral ugency,instrumeniuliry. or entiry
<br /> x`.��� �. � (including Lender,if L,ender is such an institution)or in uny Federal Home Loan Bunk. Lender shall apply the Funds to pay
<br /> �.:L.�.•
<br /> . ,��n�'����`W.�,:,• the Escrow Items. Lendec may not charge Bocrowev for holding and applying the Funds, annualty analyzing the escrow
<br /> �'?•`��`' account,or verif in the Escrow ltems, unless Lender a s Borrower Interest on the Funds and applicable law permiGs
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<br /> •�e�.'-'+;� .� Lcnder to make such a charge. Howevcr,Lcnder mAy require BoROwer to puy a one-time chazge for an independent real
<br /> n �'�..i�.. �.;�`��`•{r
<br /> ����:,r;..;-:,- - estate tax reponins service used by Lender in connection with this loan.unless appticable Inw provides otherwisa. Unless an
<br /> _ �' '*� {�� ° agreement is made ar applicable taw requires interest to be paid.Lender shall not be required to pay Borrower any interest or
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<br /> .k.��;;.. , �����,,j�;,: camingson the Funds. Borrower and Lendcr muy agree in writing.however,that inter�est shaU be paid on the Funds. Lender
<br /> ..:�>: ;. ���,...�.. shall give to Borrower,without chazge,an unnual.uccountins of the Funds,showing credits nnd debits to the Funds und the
<br /> ti*ra�•: .:��•z:..�;•:, purposefor which each debit to the Funds wAS made. The Funds are pledged as addition�l securiry for all sums secured by
<br /> ��rS"a�.!` '• this Scxuritv Inctnrment.
<br /> "''' � If thc Funds hcld by Lender exceed the amounts permitted to be held by applicable law, Lender shall account ro
<br /> � Borrower for the excess Funds in necardance wich the requirements of applicnble law. If the umount of the Funds held by
<br />' `� • ' "'� .t Lender at any time is nat sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing,and,in
<br /> '��'��,��. ' , . such case Borrower shall pay ro Lender the amount necessary to make up the deficiency. Borrower shall make up ihe
<br /> , �.,• ' `� � �.�� _ �,� , deficiency in no more than twelve monthly payments,at Lender ti sole discretion.
<br /> `•'�{`` ' .' Upon payment in full of ull tiums secured by this Security Instrument,Lender shall promptly refund to Borrower any
<br /> ' • Funds held by L.ender. (f,under pnragraph 21,Lender shall acquire or sell the Property,Lender,prior to the acquisition or
<br /> �. sale of the Property,shall apply any Funds held by Lender at the time of acyuisition or sale as u ccedit against the sums
<br /> _ � '. � securedby this Security Instrument.
<br /> °�!'��4' •' •�� • 3. Applieation of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br /> �W. '����Y��l..
<br /> ��•,:+;�., ' ' paragraphs I and 2 shall be applied:Crst,to any prepayment charges due under the Note;second,to umounts payablc under
<br /> :,� , paragrnph 2;third,to interest due;fourth,to principal due;and last,to any late charges due under thc Note.
<br /> �, 4. Charges; Liens. Borrower shatl pay all taxes,assessments, churges, fines and impositions rttributable to the
<br /> •' Property which may attain priority over this Sccurity lnstrument,and leasehold payments or g�ound rents,if uny. Borrower
<br /> 4 s�' �' � �• shall pay these obligations in the mnnner provided in paragraph 2,or if not paid in that manner,Borrowcr shall pay them an
<br /> ' �"r��' time directly to the person owed payment. Borrower shali promptly fumish to Lender All notices of amounts to be paid undcr
<br />'-� � this paragraph. If Borrouer makes ihese puyments directly,Borrower shaii prompdy furnish to Lender receipts evidencing
<br /> - the paymenis.
<br /> Horrower shall pramptty di5chargo any lien which has priority over this Security lnstrument unless Bortower:(a)agrces
<br /> " in writing to the payment of the obligntion r.ecured by the lien in a manner acceptable to Lender.(b)contests in good faith the
<br /> - . . . lien by,or defends against enforccment of the lien in,legal proccedings which i�the Lende�'s• opinion operate to prevent the
<br /> ,`' � � enforcement of the lien;or(c)secures from the hoider of the lien an agreement satisfactory to Lender subordinating the lien
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<br /> _� x� • .• to this 5ecuriry instrument. If Lender determines that any part of the Property is subject to:� lien which may attain priority
<br /> � ,� over this Security Instrument,l.ender may sive Borrower a notice identifying the lien. Borrawer shall satisfy the lien or take
<br /> one oc more of the actions set forth above within !0 days of the�iving of notice.
<br /> �'� �''�f � ��'�'� 5. Hazard or Property Insurance. Borcower shall kecp the improvements now existing or hereafter erected on the
<br /> ��+��� ��� � Property insured against loss by fire,hazards included within the term"extrnded coverage"and any other hazards,including
<br /> �'"' l''t�''��"�'�'"'' floods a flooding, for which Lender requires insurance. This insurance shal! be maintained in the amounts and for the
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