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<br /> TOOETI�tER WITH tll the im{wovema�u now or hero�fta eroctod on the propscty.�nd�II e�uemeats.�•
<br /> �nd tiawm now or he�eaiter�pNrt of the prape�ty. All nepl�cemmu md�ddidau�hall ala 6e covered by ULi�Secudty
<br /> Instrunxnt. All of�he foc+c�olns i�reterrcd w in thi�Secwity Instrument�a the"E'ropniy."
<br /> BORItOWER COVENAM'S ttrt Borrower i�Ixw[ully rsual of th:ect�te hercby conveyed and has the dgh�t ta�xnt
<br /> u�d caivey the Property und tlwt the PropertY ic uneneumbered,exapt for encumbrances of rxord. Br►rrower wiurmb and
<br /> w1U defend�eneriJly the titb to the Property w�inst all cl�irru and dem�nds.cubject to�ny encumbe�uioe:of recad.
<br /> -•�-�-.--- - THIS SECURITY lNSTRUM�N1'combines unitotm covenu�ts for rwtlonal use ond non-uniform covenants with
<br /> = linnited variadona by jurisdiction w con�titute s�unlfurtn securlty(n�trument covarin�real property.
<br /> UNIFORM COVSNAM'S. Barrower and Ltnder covenant and agree as follows:
<br /> 1. 1'�ymeat ot Prtnclpd�nd lnkrat;Prep�yment aad I.�te Ch�raes. Borrower shall pramptlY paY when due the
<br /> principal of and interesl an the debt evIdenced by thc Note And su►y prepayment and lau chargcs due under the Note.
<br /> 2. F�nds for'�lucea aod lawr��tce. Subject to applicAble law ar to a written waiver by L.ender,Barower shall puy to
<br /> Lender on the day monthly payments are duc undcr the Note, unW the Note ls pald in full.a sum ('Funds")for: (a)yearly
<br /> -°------- �-- t�ces and Assessments which muy attain pdority ovcr thls Securlry Inst�ument us a lien cx�thc Property:(b)yearly leasehold
<br /> --- payments or ground rcnts an thc Property. if any; (c) yearly hazard or property insurance premiums; (d)yeuly flood
<br /> — insucanee premiums, if any; (e)yearly mortgage insumnce premiums,if any; end (� u►y sums payabk by Bortower to
<br /> Lender,in accordance wlth the provlslans of paragrnph S, in lieu of tbe payment of mongage insurnnce premiums. These
<br /> " items are called"Escrow[tems" l.ender may.at any time.collect and hold f�nds in an amount not ro exceed the maximum
<br /> -- amount a lender for a federally reluud mortgage loan may r�equire for Borroweris escrow account under the federal Rcal
<br /> •�±- Estate Scttlement Pracedures Act of 1474 ac amended from dme t�pmc,12 U.S.C.§260t et seq.("RESPA"),unless anaher
<br /> law that applies to the Hinds sets a lesser pmounG If so.Lender may,at any time,collect and hold F�nds In an amount not to
<br /> �~.�: '"�:,.;:�.'>;: exceed the Iesser amount. Lender may estimute the amount of Funds due on the basis of current data and reasonable -
<br /> ���i4��.��.'� , estlmates of expenditures of future Bscmw Items or otherwise in accordance with applicable law.
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<br /> _ , .� .�;�t•t- Thc Funds shnll be held in an institution whosc deposits an insured by a federal ugency, insuumentality,or entity
<br /> . ,,a,....,._� (including Lendcr,if Lender ic such un institutian)or in uny Federal Homc I.oan Bank. Lender shall upply thc Funds to pay
<br /> -.:�:.3`r;_�"�:�._�'`� ' � the Escrow Items. Lencter may nat cb�rge Borrower for holding and applying the Fund.s, unnually analyzing the escrow
<br /> b:. . �. . • account,or verifying the Escrow Items, unless Lender pays Borrower interest on the Funds nnd applicable law permits
<br /> ,�o.;,; ,�,, _ - Lender to make such n charge. However,Lender muy rcyuire Borrower ta pay u one-time charge for s+n independent rcal
<br /> . •, • estatc tax rcporting servicc used by l..cnder i�connection with this ban,unless applicablc luw provides oth,:rwi�e. Unless un
<br /> � " asrecment is madc or applicablc luw roquires intcr+est tu bc p�id,Lender shall not be requimd to puy Borrower any interest or
<br /> . eamings on the Funds. Borrower and L.ender may agree in wntms,however,that intercst shaU be paid on the Funds. Lender _
<br />- � . ' . shall give to Borrower,without charge,an annunl uccoundng of the Funds,showing credits and debits to the Funds and the
<br /> �• purpose for which eiuh debit ta the Funds wac made. The Fundc are pledged as addilional security fot all sums secumd by
<br /> ———_�__.__ this Sccurity Inswment.
<br /> [f the Funds hefd by Lender excced the umounts permitted to be held by npplunbic law. Leoder shaii account to
<br /> Borrower for the excess Funds in nccordance with the rcquirements of applicuble law. If the amount of the Funds held by
<br /> Lender nt any timc is not sufficient to pay the Escrow Items when duc,Lender may w notify Borro�ver in writing,and,in
<br /> such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Barrower sholl make up the
<br /> deficiency in no more than twelve monthly payments,ut Lender's sole discretion.
<br /> Upon payment in full nf all sums tiecured by this Security Instrumcnt,Lender shull prompdy refund to Bonower any
<br /> Funds held by Lender. If,under px��gmph 21.Lender shall acquirc or sell the Property.Lender, prior to the acquisition or �--
<br /> sule of the Property,shall apply any Funds held by Lender ut thc time of acquisition or�ale ac u credit against the sums
<br /> - secured by this Security Inswment. `_`
<br /> . 3. Appflcatbn of Pxyments. Unless uppliruble Irw providcs othcrnisc, all paymcnts received by Lender under �:
<br /> S' pu[;tgraphs I arld 1.sh�ll he nppl�ed:firtit,to any nrepuyment charges duc under thc Note:�econd, to nmounts payable under =
<br /> �+• • para�raph 2:third,to interest due;fourth,to principa�due;und last,to any late charges duc under the Notc.
<br /> ;,h� 4. Chprges; Liens. Barrowcr shaU pay all taxcs, astic�smentti, chargc,, tiner and im�x�sitiony attrihutUble ro the ��
<br /> � Property whieh may attain priority over thi. �ecuriry Instrumem, anJ l�usrhold payment�ur grewnd r�nts,if uny. Bocrower
<br /> • shull pay these obligutions in thc munner provided in paragraph 2,or if nut paid in thut tnanncr,Borrower tihull pay them on
<br /> � time directly to the penon owed payment. Borrower tihall prornptly f'urni�h to Lencirr ull nutices of'umounts to Ix:paid undcr
<br /> � this paragruph. if BoROwcr makex these paymcnts directly,Borrowcr shull prumptly fumitih to Lendcr rcccipts evidencing _
<br /> j the paymcnts. .�
<br /> � Barrower shall prompily dischargc uny licn whirh has priority ovcr thi�Securiry lnstruntcnt unlc�.8nnowcr:Ia)agrecs
<br /> in writing to thc puyment of the obligation secured by thc lirn in u manner urceptahlc to Lcndrr;lb)tt�ntcslti tn gcxid faith the .
<br /> � lien by,or defends against enforccmcnt of'thc licn in,legal pr<xecdings which in thr LrnJrr:opiniun oper.UC to prcvent thc �
<br /> • � enforcement of thc lien;or(c>secure�frum thc holJcr uf the lien an ugrcement�atisfactory tu Lendcr sutx�rdinating the lien I
<br /> � to this Security Instrament. if LenJer detem�inr.that any part of thc Pru}xrty iy ruhjrct to a lien which muy attain priority �
<br /> , ovcr this Securiry Instntment.Lcndcr may givc Bonower a notice idcntifying the licn. Borrower shall sutisfy the licn or take �
<br /> one or mom of thc actionti set fonh ulx�ve within 10 duyti of thc giving af notice. �
<br /> - ' � 5. Hezerd or Property Insuranee. Barrower.hall keep the imprcrvemcnts m�w cxititing a�r hererftcr crrcted an thc
<br /> Property insumd against loss by tirc,h:uard+inrludcd within thc term"cxtendrd cu��cragc"and uny othcr hacarJ,,inrluding
<br /> ;� tloods or tlooding, for which Lcndcr icqui�es in+uruncr. Thi. insurancc shull h� nmintaincd in Ihc umounts und for thc �
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<br /> Form 302t3 4190 quxe 1 nJ b p�xeu
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