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<br /> Tpag('N�WI'pH a11 thc improvements now or hereatter erocted an the properiy.And all eacements.�pp��n�es,
<br /> u�d fixture�now or heaafur a pr�t of tho propeny. All replacements w►d additions shaU al�a be covercd by this Security
<br /> lowument. All of�he foregoing is refetied to in this Seaurity Tnstrument ac the"F'roperty."
<br /> BORROWER COV�NANTS thAt Borrower is lawfully seised of the estate hereby conveyed w�d hw�the ri8f►t to grant
<br /> rnd convey the 1'rqxriy and that the ProP�RY is unencumbered.except for encumbrnnces of record• Barower warrants smd
<br /> will defend Qenerally the tltle to the Prope�ty a�+dn�t�II claims�nd demends.subject to Any encumbrances of record.
<br /> -- -- --- -- TH1S SECURITY iNSTRUMBNT combines unifam eovenants for nationul usc und non-uniform cov¢nw�w wlth
<br /> — limited variadons by jurisdiction to constitute a uniform security insuument covering real praNertY• --
<br /> UNIFORM COVENANTS. Borrower and Lender covenant and agrce as follows: p a when due thc
<br /> l. Pnyment ot Prlrkfpd antllnteresti PnPoY�ent�ad Late Clwrgew Borcawer shall rompdy p y
<br /> — principal of and interest on the debt evidenced by the Note and any prcpaymcnt and latc charges due undcr thc Note. _—
<br /> -- 2, Fuad�for'11�xea�nd Imnrsrtc�. Subject to applicable law or to a wrttten wuiver by l.endcr.Aorrower shall pay w
<br /> � L.ender on the day monthly payments are due under the Notc.until the Note is paid in fuU,a sum("Funds"ef�oi i��nia
<br /> - �— -��� -• - taxes and assessments which may attain prlodty over thls Secudty Instrument as a Ilen on the Property:(b)Y earl flood -"-
<br /> ��� pAymcnts or ground rents on thc Property, if any; (c) yearly hazard or property insurunce premiums: (d) y y
<br /> insuiance premiums. if any: (e)yearly mortgagc insurunce pnmiums,if any; and (� any sums payable by Borrower to
<br /> L,ender.in accordance with the provisions of paragcaph 8,in lieu of the payment of mortgage insurance prem�ums. These
<br /> � iteros are enlled"Escrow Items." Lender may.at uny time,collect and hold Funds in an amount not ta exceed the maximum
<br /> -- amount a lender for a federally related moRguge loan may requtre for Bo�rower's escrow account under the federal Real
<br /> Estate Settlertxnt Procedures Act of 1974 as amencled from time to dme,12 U.S.C.�2601 et seq.("RESPA"),nnless another
<br /> law that applies to the ELnds sets a lesser amoant. If sc�,Lender may,ut any time,collect and hold Funds in an amount not to _
<br /> �, exceed the lesser amount. Lender may est�mate the umount of Funds due on thc basis of current daca and reasonable �
<br /> -t: esdmates of expenditures of future Escrow Items or otherwisc in accordance with applicable law.
<br /> �` .;ti�rx•�;�>. The hunds shall be held in an in5titudon whosc deposits tue insured by a federel agency, instrumentality. or entiry
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<br /> (including Lender,if Lendcr is such an institution)or in any Federal Home Loan Bank. Lender shall apply che FLn s to pay
<br /> ° i ,,S.� .�� the Escrow Items. I.ender may nut charge Borrower for holding and applying the Funds,annually analyzing the escraw -
<br /> ,� . account,or vedfying the Escrow Ctcros, unless I.ender pays Borrower interest on the Funds and applicable law permits
<br /> � �4�'� Lender to make such a charge. However,l.ender may require Borrawer to puy a one-time churge for an independent real
<br /> µ� �` �� � estate twx reportlns servtce usc:d by Lender in connecuon with this loan,unless uppllcable law provides otherwise. Untess an
<br /> : ���:� '�• � a ment is made or n pUcable lnw reyuires interest to be paid,L.ender shall not be required to pay Borrower any interest or
<br /> . P thc Funds. Lcnder
<br /> � � w ver that interest shall bc pai
<br /> d on
<br /> ''�;!"�'�"' '�' eamings on the Funds. BoROwer and Lender ma a ree in writin ho e .
<br /> �;,��...::: ., , y s s,
<br /> :t:t:`,'_-+• "' shall give to Borrower,without churge,an Ar►nual uccounting of the Funds,showing credits und debtts to the Funds and the
<br /> ���,�_, purpose for which each debit to the FunJs wus made• The Funds sue pledged as additionul security far all sums secured by __
<br /> - -,�y;.—;.T,..-• this Sccurit�lnstrument.
<br /> If the Funds held by Lender exceed the amounGti permitted to be held by appticabie iaw, Lender shai! accaans to
<br /> ' '• } '` Borrower for the excess Funds in accordancc with the requirements of npplicable law. lf the amount af the Funds held by
<br /> `,.` •� :�•�`�"�'' Lender at any cime is not sufficient to pay the Escmw Items when due,L.endcr muy tio notify Borrower in writing,aad,in
<br /> �"� "` ' ' � such case Borrower shall pay to Lender the amount necessnry to make up the deficiency. Borrower shnll make up the
<br /> � deftciency in no more than twclvc monthly paymcnts,at Lender's xolc discretion.
<br /> Upon puyment in full of all sum� tiecured by this Security Instrument,Lender shall promptly refund to Borcower any
<br /> � ` Funds held by Lcnder. If,undcr paragruph 21,Lender shall•rcquire or sell the Property.Lrnder,prior to the acquisition or
<br /> �� , �.; sale of the Propetty,shall apply ony Funds held by Lender at the time of acyuisition or.a►e as u ccedil a�ainst ehe sum�
<br />-' secured by this Security Insuument.
<br /> �:. :,� ' 3. ApplicAtion of Paymentv. Unless upplicublc luw proviJc+othcrwisc, all payments received by l.ender under
<br /> '�• parugraphs i and 2 shaU be applicd:first,to any prcpuyment charges duc under thr Notr.second,to:unoun��payuble under
<br /> •¢ peragraph 2:third,to interest due;fourth,to principal duc:und lu�t,to any late churgex due under the Note.
<br /> ' 4. ChArges; Liens. Borrower shull pay all taxes, usx:tisments, ch;►rges, finc+ and impositions attributable ro the
<br /> Propc:rty which may attain prio�ity ovcr thiti Scrurity Instrumcnt,and Icaschold payments<�r ground rents,if any. Borrowcr _
<br /> � shull pay these obligatiom in thc manner pruvided in paragraph 2,or if rn�t paid in that munner,Borcower shall pay them on �
<br /> timc dirccdy to the person owcd paymcnt. Bocrower tihall promptly fumish to LenJrr all notices of amounts to be paid under
<br /> thic para�ruph. If Borrower makes thexc puymenth dirccdy. Borrower yhall pr��mpUy furnish to Lender receipts evidencins ��
<br /> thc paymeats. --
<br /> _ .. Borcowcr shall promptly dischurgc�ny lirn whirh ha.prioriry ovcr thi.Securiry In�trument unleti.r•BuROwer:(u)ngrce, �f
<br /> in writing to the payment of the obligutiun.ecured by the lien in u munner acceptuhle tc�Lender;(b)contests in good faith the
<br /> • licn by,or defcnds againtit cnforcemcm of thc lien in.Icgul pra:cedings which in the Lcndcr:opinion ope:rutc to prcvcnt the �
<br /> � • • . enforcement of the lien:or(c)securex from the holder of the lien an agrecment.utitifartory to Lcnder�ulwrdinating the lien
<br /> - to this Secw�iry Instrumcnt. [f Lendcr determincs thut uny part ot'thc Property i+subject a�a licn which muy attain priority _
<br /> ,. aver this Security[nstrument.Lcnder may givc Borrowcr u notice iJcntifying the lien. Borrower�hall satisfy the lien or take �
<br /> one or mom of thc actions set fath abovc within It)day�uf the giving nf n�nire. �
<br /> S. HAZnrd or Property Insurance. Born�wcr shull kcep thc improvcment.now rxisting on c�reuftcr crccted on thc �`
<br /> -.� � property inxurcd uguintit loti�by tirc,h•rzards includcd within thc tcrm"cxtcnded ro�rragc"and any��thcr hazard,,inrluding
<br /> .; � floods or floociing, for which Lcndcr rcquires imuruncc. Thi+ imurancc �hull hr maintaincd in thc amounts and for thc �._
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