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<br /> TOO�I�IER WITH aU the lmpcoveme�ts now a hereafter eracted on the property,and al eaaements�aPPartenanca,
<br /> and flaturor now or 1►�reafter A part of the prope�ty. AU replaaments�nd addit�cma�ull�la be wvtred by thiY Socudty
<br /> Iouiumen4 Atl of the fore�oin�i�nf'en�ed to in thi�Security Inurument iu tt►e"Property."
<br /> BORROWER COVENAIV'fS th�t Horrower it l�wfully seiced of tiu estate hercby conveyed end haa the ri�h<<o grant
<br /> ._ uid convey the Property And that the PmPeRy is unencumbered,except for encumbcance:of record. Borrower wAnsnta�ad
<br /> wfll defend�enec�lly the d21c w the Propeity agalnst all clNmt and dr.mands.subject to any encumbranees of rocord.
<br /> TIiIS SF.CURITY 1NSTRUMENT combines untfam covttu�nts for rt�tion�l use and non-unifcxm covensnU with
<br /> - - Ilmited vnrietion�by Ju�isdict�on to con�titute a uniform cecurity instrument covering real property.
<br /> — (�IEapRM CpVENANTS. Borrowu und Lentier covenant ru�d agra as follows: w���
<br /> ------ 1. Ryment ot Prind�wl u�d Interest;Prep4ymeat�tad I.�te Cb�r�a. Borrower shall promptlY paY
<br /> pdncipal of and interest on the debt evidenced by the Nore and aay prcpayment and late charges due under the Note.
<br /> 2. F�unds[or'll�xa u�d Luuranca Subjcet to applicable law or to a wdtten walver by L.ender,Borrower ahall pay to
<br /> Lender on the day monthly paymente ar�e due under the Note.until the Note ie paid!n full,a sum("Funds")for.(a)yearly
<br /> taxcs a►d assessments which may attaln pdority over this Secudty Instrurt►ent as a lien on the Property:(b)Yew'�Y�es�hold
<br /> p�yn�ents or ground rents on thc Property. if uny: (c) yearly hazercl or properry insurance premiuma; (d) yearly tlood
<br /> lnsurance premiums, if any; (e)yearly mort�age insurance premiums, if any; and (�any sums puyable by Borrower to
<br /> Lender,in accordance with the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> items are called"Escrow Items." Lender may,ut any time,collect und riold Funds in an umount not to exceed thc maximum
<br /> amount a lendcr for a foderally t+elated moRgage loan may nyuire for Borrower'a escrow account under the federal Real
<br /> Estate Settleancnt Hroceduns Act of 1974 as amended from time to tlme,l2 U.S.C.§2601 ct seq.("RFSPA").unless another
<br /> law that applies to the Fundc sets a lesser amount. If so,Lender may,at any time,collect end hold Funds in an amount not to
<br /> ��-��' excad the lesser amount. Lender may estlmate the amount of Fi�nds due on the basis of cutrent deta and reasonable _
<br /> • estimates of expenditures of future�scrow Items or otherwise in accordance with appiicable law. ;
<br /> - •�'��r'� The F�nds shall be held in an institution whose deposlts are insured by a federal agency, instrun�entaliry, or endty �;_�;;
<br /> - ,� ,, , (including Lender,if Lender is such an institatton)or in any F�ederal Home Loan Bank. Lender shall apply the Funds to pay —_
<br /> '�"F�;; ��*, the Escrow Items. Lender may not charge Borrower for holding and applying the FUnds,annually analyzins the escrow _
<br /> • +�: � ���;.1 account, or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits E.:;__
<br /> ;; ::. � Lender to make such a charge. However,Lender may reyuire Boaower to pay a one•timc charge for nn indepeadent rcal 6:-
<br /> `'m'��` estate tax reporting servIce used by l.ender in connection w3th this loan,unless applicable law provides otherwise. Unless nn �-•
<br /> `' ,'""•�'�'"� � agreement!s madc or applicable luw requires interest to be paid,Lender shull not be required to pay Borrowcr any interest or
<br /> �� �w • ���• eamings on the Funds. Borrower and Lender may asree in writing,howevcr.that fnterest shail be puid on the Ftinds. Lender �*=
<br /> ����;• `` ' � shall give to Borrower,without charge,an annual accounting of thc Funds, showin�crcdits and debits to the Funds and the
<br /> '��.•.'���"'''"'"�`��' � purpase for which each debit to the Funds wac mede. The Funds ure pledscd as additional securlty for ull sums secur�ed by
<br /> A'"ti"�`a y`;,�, this Securiry Instrument. �-�
<br /> ��- '+'�':�+.�' if the Funds held bv l.ender exceed the t►mounts permitted to be held by applicable law, Lender shsll account to
<br /> '' � Barrower for the excess Ftinds in accordunce with the requirements of appUcable law. If the amoun[oP thC Fu�iJ, i�Id by __
<br /> • � �.� Lendcr at any time is not sufficient to pay thc Eurow[tems when due,Lendcr may w notify Borrower in writing.and,in
<br /> such cnse Borrower shall puy to l.ender the amount necessary to make up the deficiency. Borrower�hall rnake up the __
<br />- • deficicncy in no more than twelve monthly payments.ut Lender e sole discretion. �
<br /> , Upon payment in full of sill sums sccumd by this Sccurity Instrument, Lcnder chall promptly refund to Borrower any •:.-
<br /> - Funds held by Lcnder. If,under paragraph 21, Lender shall acquirc or scll the Propeny, l.cnder,prior to the ucquisition or �,�:
<br /> sule of the Property, shall apply any Fund+ held by I.ender at the time of ucquicition or sule as a credit against the sums _.
<br /> secured by this Security Inswment.
<br /> - 3. Application of Puyments. Unlesl upplicable luw provides otherwise, ull paymentx received by Lender under
<br /> � . ' -' paragraphs 1 and 2 shall be upplied:first,to any prcpuymcnt churges duc under thc Note;second,to umounts payable undcr _ _
<br /> - paragraph 2;third,to jntcrest due;fourth,to principal due;and last,to any latc chArges duc under the Note.
<br /> 4. Charges; I.iens. Borrower shaq pay all taxes, asseti�mcnts,ch:u�ges, fincs und impositions attributablc to the
<br /> Property which may attain priority over this Security Imtrument,and le:uehold paymcnts ar sround rents,if any. Borrower �
<br /> � � shall pay thcsc obligations in thc manncr provided in paragraph 2,or if not paid in that manncr,Borrower shall puy them on �.':�
<br /> � time direcdy to the person owcd puyment. Borrower shall promptly furnish to Lender all ne�ticcx of umounts to be puid undcr � =
<br /> � this paragraph. If Bonower makes these payments dimctly, Borrower shall prompUy furnish to Lender receipts evidencing
<br /> , • the puymcros.
<br /> Borrower chall promptly dixcharge any lien which has priority over this Securiry Instrument unless Borrower:(a)agrees
<br /> in writing to the payment of the obligation secured by thc licn in a manncr arceptublc to L�ndcr:(b)contests in good fai�h thc
<br /> � lien by,or defends ugainst enforccmcnt of thc lien in,legal praceedings which in the[.endcr�opinion operatc to prevent the _
<br /> enforccment of the licn;or(c)secures from the holdcr of thc licn an�grcement sati+factory to Lcnder.ut+ordinating thc licn
<br /> to this Sccurity Instrument. If Lendcr dctcrmincs that any part of thc Property ix subjcct to a licn which may nttain priority
<br /> x ` ovcr this Sccurity Imuument.Lender may�ive Borrower a notice identitying thc licn. Borrower shall sati�fy the lien or take ',,
<br /> one or more of the actionti sct forth ubove within 10 duys of the giving of noticc. '�
<br /> S. Hazttrd or Property ItuurAnce. Borrower shull kcep the improvcmcnts now existing or hereafter emcted on the
<br /> ., Property insurcd uguinst I�sx by firc,haz;uds included within thc tertn"cxtrndcJ rovcr•rge"and any other ha•r.ards.including
<br /> floocls or flooding, for which Lcndcr requirc. intiuruncc. Thiti inyurancc shall bc maintaincJ in thc umonnts and for thc v
<br /> � Form Jo2s w90 rp�X�2.,JR/M,R�:►
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