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<br /> TOdETHER WITtI �ll the impmvements nc�w or hero�ftar erxted �n the pmperty, �nd il! e�sementa,
<br /> appurtenanvee,�nd fitturos noM or herafter a part of the pmperty.All roplsoemonta�nd�ddIttonn s}ull also bo wveced
<br /> �� by this Socudty Instrument.All of thetoro�oin�ie referrod to In thisSecurity Instrument�s the"Property,"
<br /> -- BORROWER COVfiNANTS ttut $orcoNOr ie I�Niully soieod of the aetau heroby conveyed and h�s the rI�ht to
<br /> , ��nt and convey the Yroperty�nd tlut the Property ia unencumberod,except [or encumbrmcea of record.Bc�rrower
<br /> .' r; - �.�,•�, � warr�nts anJ�vill defend�enerally the title to the f'roperty��ainst all claims�nd demande,subject to�ny encumbrincee
<br /> of rocord,
<br /> � THI3 SECURITY INSTRUMENT combinea uniform cnverunts far n�ttion�l ueG�nd nan-unitorm covenante w ith
<br /> �=�,'�=.��•-�-�� - limiteci variatiu»s by juriediction w constitutea uni[urm ew;urity inatrumrnt��vCrinY real pruperey. `
<br /> ? UMFORM COVENANTS.Bocrower�nd I.ender covenant�nd�¢ra as followe:
<br /> _.•�;��;;;�� � 1. Paymant of Princ�tp�l and Iatere�t;Propsymeat and Late Ch�rtes. HorrowCr ah�U promptly pay when duc
<br /> �� '-- ' �"''� "� the principsl of and intereat on the debt evidenced by the Note and any prepayment and Iru char�es due under the Note.
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<br /> ��� .,..;,�..,' 2. Fuad�for Taxes aad In�urmce.Subject to applicable(aw or ta a written waiver by I.ander. Borrower shall
<br /> `-�`�' �� � � Q�y to Lender on the day monthly paymenta aro due under the Note,until the Note ia p�id in full,a sum("Funds')for.
<br /> — ��'-�=--�"'�`.�' ' "� " �` (a)yarly taxes�nd�sessmxnts which may attain prtority over thia Socurity Inatrument es a lien on the Property;(b)
<br /> �Y�� �" y yearly leasehold paymenta or�round rents on the Property,if any; (c) yarly hazard or property tnsurance premiums;
<br /> --�`�'��-w.• � '-'�*� (d)yearly tlood�nsurance premIums,if any; (e)yearly mort�a�e insurance premiums,if any;and(f)any sums payable
<br /> �`��' , ;.�. ••_ • by Borcower to Lender,in accordance with the provisions of par�Qraph 8,in lieu of the payment of mortgage insurance �.„_
<br /> � '�"""'''� premiuma.These items ara called"Eecrow Itema."L.ender may,at�ny time,collect and hold Funds in�n amaunt not -
<br /> ���+�•.:���'� � ��•' � to exceed the m�ximum amouat a lender for e foderaUy related mortga�e loan msy require far $orrowers escrow -
<br /> ..,-`r�� �� , .� account under the foderal Real FBtate Settlament Procodures 9ct of 1974 �s amended trom time to time, 12 U.S.C. -
<br /> ;:' •• Section 2601 et seq. ("RESPA"),unlese�nother laa that eppliee to the Funds sets a lesser amount.If so,L.ender may, --
<br /> � � � at any time,coUxt and hold Funds in�n amount not to exceed the lesser amount.Lender may estimate the amount of �
<br /> ; Funds due on the basis of curcent data and reasonibla estimaus oC expenditures of future Escrow Iume or otherwise in =�-
<br /> � accordance with applicable law.
<br /> ; . The Funds ahall be held in an institution whose deposits are insured by a ie�Jcral aYe�cy,inatrumentelity,or er,tity �•
<br /> (including Lender,ii Lender ie such an institution)or in any Federal Home Loan Bank.I.ender shali apply the Funds to -"
<br /> � pay the F.scrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the —'
<br /> • escroa account,or vaifying the Fscrow Items,unless L.ender pays $orrower interest nn the Funda and applicable law
<br /> , permits Lender to make such a charge. However, I.ender may require Borrower to pay a one-time charYe for an �1:
<br /> independent real estate tax reporting service used by I.ender in connection with this loan,unlers applicable law provides �='
<br /> ' otherwise.Unlesa an agrxment is made or applicable law requires interest to be paid,L.ender shall not be rhquired ta
<br /> pay Borrower any interest or earninga an the Funds.Borrower and I.cnder m�y agree in writing,however,that interest
<br /> shall be paid on the Funds. Lender shall give to Borrower,without cherge,an annual accounting of the Nunds,shoaing �
<br /> - --- — -_-'----- credits and debits to the Funds and ihe pu�se for which eacti debit to the Funds aas made.Tf�e Funds are pledPed as ��
<br /> additional security for all sums�cured by this Security Instrument. �:=
<br /> It the Funds held by L.ender exceed the amounts permitted to be held by applicable law, I.ender shall account to � '
<br /> Borrower[or the excess Funds in accardance with the reqteirements of applicable(aw.If the amount of the Funds held �
<br /> by Lender at any time is not sufficient to pay the Escrow Items when due, I.ender may so notify Borrower in writing, �'��
<br /> and,in such case Borrower shall pay to Lender thc amount necessary to mske up the deficiency.Bonower shell make �•>:�:
<br /> up the deficiency in no more than twelve monthly payments,at Lender's sole discretion.
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