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<br /> 7'OaBTHEJL WITH rll the imptovemeati now or hae�fla eroctod on the prope�ty.wtd�ll wemaiu.aPP �nance�,
<br /> snd 8xwra aow or hen+fter�p�tt of t!►�popa'tY. Ap replr•ements and�ddidans�iudl�lw be cova�ed by th Secudcy
<br /> In�wment. Ali of the faro�oin�i�rcterted co in thi�Security In�a�unent u the"Prq�►Y•"
<br /> �_-- --�--R-�-° BORROWER COVHNAM'S t{ua&�rmwer i�I�whdly�;i�ed ot the ewte hereby ronveyed�nd if�s tho�iQht to {nnt
<br /> �nd convey the Prc,�rtY�nd thu the Pc+operty i�unencumberod�except for encutnlxances of ror�xd. Hcxrnwer w�ur�nt��nd
<br /> - will defend�a�er�ily tne uiie to the Propehy�irut all cl�imt md demiu►d�.wbject to�ny encumbnuues uf recad.
<br /> � THIS SF.CURI'CY iNSTRUMEIVT cnmbine� unifam covamnts far n�tiond uxe �nd non•ualfixm cova�Wr wlth -
<br /> `� �im118cf vuiadum by juri�lictiuu w cwuUtut�;a uuifumi sccudty instrumcnt coverin�rril�m�periy.
<br /> � UNIFORM COV�NANTS. Bcxz�awer atwl L.ender covenant ad a�me w�follaws:
<br /> 1. Pey�aeat al Pdncipsl�d IMeredi Pr+ep�yauat aad l.�te Cb�r�. Barrowec sh�t11 promptlY PYY wlxa duo the
<br /> principrl of u�d intercst on the deM�videnced by the Note And any pc+epayment and lrto chiuges due mider Uu Note.
<br /> - --- - Z, F�nd�[or'Iyxa aad Inwr�oce. Subject ta applicable law ar to�wdtten w�iver by L.endet,Borrawer�hdl p�y to
<br /> =-==�,n�,� I,endea on thc day monthlY W+Yments are due under Ihe Note.until thc Note ic paid in fuU.a sum("Huxls")Wr.(�) yeulY
<br /> -�=� taxe�and a�sessments which rtwy atqin pdorlty over this Security Insuvment�.s p lien on the Yropeny;(b)yearly kasehold
<br /> _ .-- __ ____ payments or gresund c+ents on the Property.if any: (c) Ycarly huard or property insurance prcmfunu: (d) yearly flaod
<br /> insurance premiums, if any: (e) yearly r►►ortgage ir.suronce premiums, if any; and (� any swns payable by Borrower to
<br /> ~ L,ender,in accocdance with the provisjons of paragruph 8.In lieu of the payment of moctgage insurance premium�. These
<br /> �•-���`••�•���� ttems ere called"Escrow Items•." Lender muy,at any time,collect wxl hold Punds ln an anwunt not to eaceed the maximum
<br /> ,�,���.���t�
<br /> ---�-°���.,, r amount a ltnder for a federally relatecl moctgage loan muy require for Borrowcr's escrow siccount under t�e f
<br /> ,��, Estate Settlement Procedunes Act of 1474 as amended from time to Ume,12 U.S.C.�2601 et seq.("RESPA").unlesc�►iwther
<br /> ;�•�,);_.-���,,�, IAw that applies to the Fbnds sets a lesser amount. lf so,Lender may.at eny time,collxt end hold Fwids in an amount not to
<br /> • exceed the Iesser amount. Lender may estimate the amcx�nt of Funds due on the basis of ewxent d�ta and te�sotwble
<br /> .� � estimates of expenditures of future Hscrow Items or otherwise!n accordance wlth apNlicable law. _
<br /> ' whose de sits um insured by a federat agency, inswmentality,or entity
<br /> ' (Including Lender,if Lender is such an instituuon)or in any • ��� •"r"'� —
<br /> k . „ the Escrow Items. L.ender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow
<br /> ' account,or verifying the Escrow Items.unless Lender pays Bo�rower interest on the Funds and applicable law pemuts
<br /> Lendcr to make such a charge. However, I.ender may require Boaower to pay a one-time charge for an independent real
<br /> ' '�"" estate taz reporting servlce used by Lender in connection with this IoAn,unless applicuble law provides otherwise. Unless an
<br /> � ,, agrcement is made or applicablc luw requires interest to be paid,Lender shall not be mqttired to pay Borrower any intemst or
<br /> . earnings on the Funds. Borrowcr and Lender may u�ree ln writing,however,that interest shaq bc paid on the Funds. Lender
<br /> shall give to Borrower,without charge,an annual accounting of the Funds,showing credits and deblts to the Funds and the
<br /> putpose for which each debit to the Funds wac made. The Funds are pledged as addidonal securiry for all sums sawed by
<br /> this Securiry Insuumcnt.
<br /> ----------" -- It the Funds 6etd by Lender exccai U�e a��iounts pettniiicd ta be hcid !sy spplicable law, Lender c���! ace�unt to ,
<br /> Botrower for the excess Funds in accordance with the requ�rements of applicable law. If the amount of the Funds held by
<br /> ; Lender at any time is not sufficient to pay the Gscrow items when due.Lender may so notify Borrower in writing, and, in
<br /> , such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower shall make up the
<br /> deficiency in no more than twelve monthly payments,at Lender'.s sole discretion. __
<br /> Upon payment in fuq of all sums securcd by this Security Intitrument.I,ender shall promptly refund to Borrower any
<br /> � Funds held by Lender. If,under puragraph 21, Lender tihull acquim or sell the PropeRy,Lender,prior to the acquisition or
<br /> S sale of the Property, shall apply any Funds held by Lender ot the time of acquisition or sale as a credit against the sums =
<br /> i secured by thi+Security Insuument. —
<br /> i,. 3. Application of Payments. Unl�ss applicuble law pro�•ides otherwisc, all payments received by Lender under _.
<br /> �; paragr�phs 1 and 2 shull be applicd:tirst,to any prepayment churges due under th�c Note;tccond,to amounts payable under �.,
<br /> puragraph 2;third,to intcrest due;founh,tc�principul duc;:►nd lust,to any latc charges due under the Note. _ ;
<br /> ' 4. Char�es; I.iens. Bortowcr shuU pay all taxes, assessmentti, charges, tines and impositions attributable to the _
<br /> Property which may attain priority ovcr this Security Instrument,and leasehold payments or sround rents,if any. Borrower
<br /> shall pay thetie obligations in the manner providc:d in paragruph 2,or iY not paid in that manner,Borrower chall pay them on T
<br /> �'�::.
<br /> time direcdy to the person owed payment. Borrower shall promptly furnish to Lendrr a11 noticcs of amounts to be paid under __
<br /> . this parrgruph. If BoROwer make�these payments dimccly,Borrower shall promptly fumish to Lender receipts evidencing =
<br /> the paymentr. '=-
<br /> Borrowcr tihall promptly dischargc any lirn whirh ha�prioriry uvcr this Security[nstrument unless Borrower;la)agrees �;=
<br /> in writing to the paymcnt of the obligaticm tiecur�d by thc licn in u manncr acccptablc to LenJer;(b)contests in good faith the �;_
<br /> licn by,or defends ag�imt enforcernrnt of the lirn in,legal pr�xceding.which in the Lrndcr;opinion operate to prevent the -'`
<br /> enforrement of thc lien:or tc)secure.frorn the huldrr uf the lien an agreement tiatisfact��ry tu Lender subordinating thc lien ["`
<br /> to this Security In�trument. If Lendrr de[ermine.thut any pan of thc Property i..uhjrct to a lien which muy uttain prioriry �•
<br /> .. over this Security Imtrument.Lendcr may give B��rrower a nc�tirc identifying thc lien. Borrower shall satisfy the lien or take —_.
<br /> one or mone of the actions.et forlh alx�ve v►•ithin 10 day,oC the�iving of notice. - -
<br /> • 5. Hazurd or Prope�ty Insurance. Fiurrower�hali kerp thr improvements nuw rxi�ting or hereaftcr rrected on thc
<br /> � property intiured agaimt lotiti hy fire, ha�ard.induJed within th�tcrni"extrnded ru�crugc"and any othcr h:►�ards.induding
<br /> , • tia�d.,or flcxiding, for which LenJer reyuire+ imurunce. Thi. intiuranrr .hull hr maintained in th� amounts and for the
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