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<br /> i , TO(iETHBit WI'�'H dl the impmvemento n�w or benuAer erected on Ne Property�and�� � , �aod
<br /> l4tw+p now or hmeaflsr a put af thc property. All ropl�aemenn �nd �Idition� �hall ala be oove�ed by tht� �eavity
<br /> i�o�uument.All of tho forc�oln�Is roterr+od to in thir Socudty Inatrument�tlb"Propeny.»
<br /> � �ORRaWBR COVSNANTS lh�t Borrowcr i�lawfully�el�ed of the a�ute herebY oonveyed and h�s the rlaht to�rant�nd
<br /> � c�nnvay the Prqperty ud tIW tl�e Property ir une�xum6erad.except for encumbnuice�of reoord. Borrnwer wur�nts a�d wlll
<br /> � defead�ener�lly the dtle to We Property��inu all clAima and demands,s��bjoct to pny encumbrances of roco�+d.
<br /> THIS SHCURITY INSfRUMBWT cambine�uniform cavenontr for national w�o and non-unitorm a�vuwnt�wlth lirdted
<br /> ' varlatio�by jurisdtction to conwiwte a uniform�curiry incirument wvering real property.
<br /> —'�– – - - UNIFORM COV6NAN'PS.Bonowcr and i.�ndcr rnvenant and Agroo as follaws:
<br /> i 1. Prymeat ot Prluclpd u�d Interati �Y� aad I.wte Cfwryes. Borrower shall pmmPUY PaY when dua the
<br /> prfacipal of rnd interect on the debt evidem�ed by the Note and any prcpayment urd letc char�ea due under the Note.
<br /> 2. F�oda far T�xes�nd lo�urnnce. Subject to applicable law or tu a w�itten waiver by Lendar, BomaWer chall p�y to
<br /> La�der on thc day monthly payments ere due undcr the NWe,until the Note ia paid in full.n�um("Funds")far:(a)yearly uues
<br /> and�s�erKments which may Attain prforfty over thia Secudty Insuument as A Nen on the Property;(b)yearly Icasehold paymcnt�
<br /> - or ground cents on the Property,iP any;(c)yeul y Mawtd or property insurance premiums;(d)yeuly tlood inauran�x pnemiums.
<br /> if any;(o)yeuly►nortgage insurAnce premiums. if any;and(�any sums payable by Borrowar to l.ender,in acoocdance with
<br /> the proviaions of paragraph 8, in lieu of tha payment of mortgage insurqnce premiums.These items arc callod 'E.gcrow Items."
<br /> Lender may,ut any time.colloct and hold Funds in an amount not to exceed the muximum amount a lender for a foderally
<br /> r�latal mortgage loan may roquire for Horrower's escrow eccount under the federel Real Esmte Senlement Proceduncs Act of
<br /> 1974 as amcnded from time to timc, 12 U.S.C.Section 2601 e1 seq. ("RESPA").unless another Iaw that epplies ta thc Funds
<br /> .__ _____�. su� a lesser artwunt. If so, Lender may, at any time. rnllect a�l hold Funds in An amcwnt not to excee�the lesser amount.
<br /> ___ Lendcr msiy estimate the amount of Funds due nn the basia of current dwa aM reananable estimates of expenditurcs of Itituro
<br /> F?�crov�Items or atherwlse in acco�dw�ce with epplicable law.
<br /> ---_ The Funds shall be held in an institution whose deposits are insured by a federal agency. instrumentality, or entity
<br /> _ �� � (including Lender.if Lender is such an inscitution)or in any Federal Home Loan Bank.L,ender shnll apply the Funds to pay the
<br /> -- Escrow Items. Lender may not charge Borrower for holding and applying the Funds.annually analyzing the eacrow account,or
<br /> _�. – _ verifying the Escrow ltems,unless Lender puys Borrower interest on the F�nds and applicable law permits Lender to make such
<br /> �–�' a�charge. Hawever. C.ender may rrquire Borrower to pay a one-lime cherge for an independent real estate tax reporting servicc
<br /> �;n� useJ by Lender ln rnnnection with this loan, unless applicable law provides otherwi�se. Unless an agrcement is itwde or
<br /> — applicable law requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.
<br /> -- — Borrower and l.ender msiy agree in writing. however. that interest sh�ll be paid on the Funds. Lcndcr shall givc to Borrower,
<br /> — _ without charge. an annual accaunting of the Funds, showing credits and debits to the Fuods And the purposc for which each
<br /> �w:•�W�. ` debil to the Funds was made.The Funds are pledged as additional security for all sums secured by this Secu�ity lnstniment.
<br /> �'��c'"""'•' ' If the Funds held by Lender exceed the amounts permitted to be held by opplicable luw,l.ender shall account to Borrower
<br /> y�,_�.�Aa�th�>;. ;
<br /> }.,:as"`,�yti. ; for the excess Funds in accordance wlth�he requirements of applicable law. If the amaunt of the Funds held by L.ender at any
<br /> ' ''�`�`;�'�� tlme is not sufficient to pay the Escrow Items when due,L.ender may so notify&irrawer in writing,and,in such case 1BoROwer
<br /> r �`�� � shall pay to Lender the wnount necessary to make up the deficiency. Borrawer shall make up the deticiency in no more tha�t
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<br /> ;��'�s"� �'" twelve monthly peyments.at l.ender's sole discretion.
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<br /> � � '''''a�� '�?` � ' ' Upon payment in full of all sums securecl by this Security Instrument, I.ender shall promptly refund to BoROwer uny
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<br /> � .; Funds held by Lender. If.under parugreph 21,l.ender shall ucquire or sell the Pmperty. Lender,prior to the acquisi�lon or sale
<br /> of�he.Praperty.ahall apply any Funds held by Lender et the time of acquisi�ion or aule as A credit ageinst the sums secuad by
<br /> � - thf�Secutity Instrument.
<br /> � !'�'t ''^..'a" 3.Applleatton oP Payments. Unless upplicnble luw provides otherwise,all payments received by l.ender under parngraphs
<br /> =`���`'�"f ! and 2 shull be a lied: tirst, �o an re u ment chnr e�due under the Note; second,to amaunts a able under h 2;
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<br /> ;�,y. 'y� third.to interest due;fourth,ro principal due;wid lust,to any Intc charges cluc under the Note.
<br /> h-�.;•�r�, �: 4.Chwrges=Liens. Borrower shall pay ull taxes, assessments, charges, Fines aad impoci�ions auribulable to the Propeny
<br /> —' '�y which may anain priority over thih Secu�ity Instrument, and leusehold payments nr gmund rents, if any. Borrower shnll pay
<br /> —° � .��:�.j.�,;��� " thesc obligations in the manner proviJcd in purogr�ph 2,or if nat paid in that menner, Borrower shull pay them on time dinecHy
<br /> �'; - ,��'�y,,;;,�„y to the pen;on owed payment. Hornawer shall prompUy Purnish to L.ender all notices of umaunts to be pnid under this paregraph.
<br /> -��,�..,`}�r,.� lPBorrower makes these paymenis direcdy, Barmwer shnll promptly furnish to l.i:ndcr rercipts evidencing the puyments.
<br /> �a''•-�"�"" Borrower shall promptly discharge any lien whirh has priority over this Securiry Instrument unless Bomower. ln)agrees in
<br /> - 1
<br /> ?��'��. wdting to the payment of the obligution securcd by thc Ilcn in A munncr ucccptablc to L.cndcr;(b)contests in good fnith the lien
<br /> "°'�7�'� by, or defeids ugainst enforcemem of the lien in, legul praceedings which in the Lender's opinion opemte to prevent the
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<br /> :�.,+�. 7,��, enforcement of the lien;or(c)securcs from the holder of�he lien un agreement w�isfac�nry t�i l.cnder subnrdinating the lien to
<br /> � •���5� thia Secu�ity Instrument. if Lender determines thut uny purt of the Property ix subjcrt to a licn which may attuin pdority over
<br /> t:;�,,,..; t6ie Security Instrument, l,ender ms►y give Bnrmwer A noticc idcmifying thc licn. &urowrr+hall u►tisfy thc licn or tuke one or
<br /> "�°��'��"• more of the actions set fnrth above within I O days of the giving ot'naice.
<br /> Fam 302Y �IiO
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