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<br /> - TOOETHER W1TH a11 the trnprovementa nuw or hero�fter erected on the property, ind all asemenu,
<br /> �ppurtenancee,and fixturas now or Iterottter a pari of the propecty.All replicements and additione shill also be covered
<br /> by thie Securlty Instrumont.All oi the tore�nin�is reterred to tn thie Security Instrument as the"Property."
<br /> BORROWE?R COVBNANI'S th�t Borrower is lawtully eeleed of tho esute hereby canveyod md h�a the ri�ht w
<br /> �rant�nd convey the Pcoperty and tlut the Property is unencumbered, except for encumbrances of record.Sorrower
<br /> — wanants md will detend�er►enlly the dtle tio the Propeny a��i�st all cl�im�and demands,eubjoct to tny encum br�nca
<br /> of rxord.
<br /> THIS SECURITY INSTRUMENT combines unifnrm covemnte�or n�tic►n�l uee md nnn-unlforrn covenant�with
<br /> - lirnited v�riatione by'uriediction to canstinitea unitarm eecurity irustni ment coverin�roal property.
<br /> '� '•"R'K'°'�'+`, � l JNInC)RM Cn�}?NAN"1'S. }inrmwer�nd l.ender ccrven�nt and�gree�s fullnwa: �
<br /> 1. Paymeat ot Princlpsl and Interat;Yrep�yment aad�.ata t'h�r�ai. 13orrower shall promptly poy w hen dun
<br /> �_:"x;��, • tho principtl af and intereat an tho debt evidencai by the N�to md any pre�yment and late ahar�ae duc under the NatC.
<br /> •�--�•••- � �==�`d` 2. Fund�tor T�xcs and lmur�nca Subja:t w rpplicable law ar tn� written w�iver by I.ender, Hc�rrower ah�ll
<br /> �'�="�"Jr`-':;���+M� psy to Lcnder on the d�y monthly paymesnte are dun under the Nute.until the Notc iR paid in tull,a sum ("Nunds')tor.
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<br /> ��N� ��� (�)yesrly taxea and �ssesaments which m�y att�in pric,rity over this Sec�rity Instrumant u+a lien�n the Propc:rty; (b)
<br /> �'�- ;�'=��.•'�•• •�..• yearly leasehold payments ar Qround nnta on the Pruperty,if�ny; (c) yearty ha�ard ar property insurance�rem�ums;
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<br /> � - _=��r�:��.,�,�,;-- (d)yearly floal inaur�nce premiums�it eny; (e)yearly mort�a�e insurance premiums,it any;and{{)any sums Myable �_
<br /> �7�'-'�'-,- � by Borrower to I.ender, in accordance wi th the provisions uf paragraph 8,in lieu of the payment oi mortya�e insurance
<br /> �� '� "` premiums.These items arc called"Escrow Itams."I.endar may,at any time,collxt and hold Funds in an rmount not
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<br /> �,ti�M�R+'V'��'?� �� to exceed the meximum �mount a lender for a federally related mortgiee loan msy require for Borrower's escrow
<br /> �-: �.�y �..� ..��;J�.';''� account under the federal Real Eetate Settlement Procedures Act of 1974 as amended from time to time,l2 U.S.C.
<br /> ��"'��"'�' Section 2601 et seq.(�RESPA");unleas another law that appliex to the Funds seta a lesser amount.It so,Lender may,
<br /> �� , .�t� et any time,collect and hnld Funds in in amount not to exceed the lesser�mount.I.ender mey estimate theemaunt ot '"�
<br /> „ "' Funds due an the basis of current data end reasonable eiatimatea�t expenditures of future F.�crow Items or otherwir,e in �_
<br /> '�` � accordanco with applicable law. __:_
<br /> • The Funds shall be held in an institution whose deposits are insured by a federal aeency,instrumentel ity,or entity
<br /> (including Londer, if[,ender is such an institution)ar in any Federal Home I.oan Bank.Lender shall apply the Funds to i
<br /> the Escrow Iteme. Lender me not char e Borrower [or holdin and a 1 �n the Funds, annuall anol zin the �:
<br /> • PaY Y 8 8 PP Y� 8 Y Y' g --
<br /> escrow account.or verifying the Escrow Items,unless I.ender pays Borrower interest on the Funds and �pplicsble low �
<br /> Permits Lender to m4ke such a charge. However, I.ender may require Borrower to pay a ane-time charge for an ,,
<br /> � � independent real�state tax reporting service�sed by I.ender in connecti on with this loan,unless applicable law provides •
<br /> •- otherwise.Unless an agreement is made or applicable law requires interest to be paid, I.ender shall not be required to =__
<br /> pay Borrower any interest or earnings on the Funds.Borrower and Lender may agree in writing,however, thet interest � --
<br /> shall be paid on the Funds.Lender shall give to Borrower,without charge,an ennual accounting of the Punds,showing "
<br /> credits and debits to the Funds and the purpose for which each debit to the Funds was made.'The Funds are pledged es �"�'
<br /> —____.__.- _ ndd'stioaa!security forall aumc cExured hy thisSecurity Inatrument. �,°.
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, I,ender shall account tu F
<br /> � Borrower for theexcess Funds in accordance with the requirements of applicable law.I!the amount of the Funds held k .-
<br /> � by Lender at eny ti me is not sufficient to pay the }:scrow Items when due,I.ender may so notify Borrower in writing,
<br /> and,in such case 13orrower shall pay to Lender the amount necessary to make up the deficiency. I3orrower�hall make �-,.
<br /> up the dePiciency in no more than twelve monthly paymentS,at Lender's sole discretion.
<br /> � Upon payment in full of all sums secured by this Security Instrument, I.ender shall promptly refund to Aorrower �,
<br /> any Funds hold by I.ender. If, und�r paragraph 21, I.enJer shall acquire or sell the I'roperty, Ixnder, pri�r to the
<br /> ' acquisition or sale of the Property,shell apply�any� Funds held by t.ender at the time of acquisition or sele es a credit �
<br /> against the sums secured by this Security Instrument. G
<br /> .; 3. Application of Yayments. Unless applicable law pro��ides otherwisr,aU pa��ments received by I.endcr under
<br /> i r paragraphs 1 and 2 shal l be applied: first,to any prepayment charges c�ue under the Note;secnnd,to arnounts payable
<br /> under paragraph 2; third,to inter�t due; fourth,to principal due;and last,t��an�'late chacges due under the Note. �
<br /> � 4. Char�as; I.ions. Rorrower shall pay all taxes, asseasments, charge�, finrs and impositions attributebleto the ��
<br /> , Property N�hich may attain priority over this Security Instrument,and Irasehc�ld pa}�ments or ground rents, if any. f
<br /> ' Borrow�er shall pay these obligations in thr rnanner pro��idrJ in paragraph 2,or if not paid in that manner,Bc,rrower !
<br /> shall pa}�them on timr directly tn the person o�c�d p:►��mrnt.}iorro�ser shal l promptl��furnish to I.ender all nc�tires of
<br /> arnounts to he paid undCr this paragraph.[f liorroa•er makes thc�se paymrnts directl�•,}3c�rrower shall promptly furnish
<br /> to i,ender receipts e��idencing the payments.
<br /> Borrower sha11 prc�mptl�•di�:hargc any lien u•hich has pric�rit��o�•Cr this tierurit3•Instrument unle�.s Korr��«�er: (a)
<br /> agrees inµriting tc�the pa�'mrnt of the c�bligation securrd hy the lien in a manner acceptable to I.ender, (b)mntests in
<br /> goc�d faith the lien by, or defends against rnforrement uf the lien in,legal ptocredings tchi�h in the I.eneier's �,pinion
<br /> operate to pre��ent the antorcement cif the lien;or (r) serurrs from rhC holder e�f che lien an agrremrnc satisfacmry to
<br /> � Lender sulx�rdinating th�lien t<�this Securit}�Instrument.If I.enJer determinrs that anp part of the Property�is subjec�
<br /> � tc�a lien which may attain priority<n•er thiS tircurity Insttument,I.endrr maJ� gi�•e Borre����er a notirr iJCntif 3•ing thr
<br /> ;', lien. Borro���er shall satisfy the lien or take c�ue or more of the artions s�i forth atxn�r �vithin 10 days cit the gieing of
<br /> ! noticr.
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