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<br />--- �.w 1 � TOCiSTHBR WITH all the improvemente now or hereufter erected on the praperty.an��eus me�nC;a pu ancea, `� -- - �
<br /> and flxture�now or here,utter a pnrt of the property. Ail rep lacemants an d a d d i dons e l�a l l a lso b e covere d by t h t�Secu r ity
<br /> �� Instrumen� All of the foregoing is referred ta in thia Srcurlty Inshument as the"Praperty."
<br /> BORAOWBR COVENAIVTS that Borrower ia lawfuUy selsed of thB estato hereby convsyed and hs.v the dght to grnnt
<br /> - ' �,��?!�`„ : , and convey the Properly and that the Property is unencumbered,except far encumbrances of record. Bormwer warrapt�and `-`'` - -_-
<br /> ,.,��� wt{I defend generally the dda to the Propeity against a11 clafms and demends,subject to eny encumbrances af record. � - -
<br /> ,�,,: ,r;,�,,;�, THIS SECURITY INSTRUMENT combie�es uniform covenants for national use aad non•untferm covenants wlth �_ ._ _._-.--.
<br /> limited varlationa by Juzisdiction to consNtute s uniform security instrument covering mal pmpecty.
<br /> ��• ' � � � ��`�`':� UNIFORM COVENAN7'S. Borcower and Lcnder covcnant and agree as foUows: ��. -
<br /> v� ' 1. Fa y a tent of Princi p a l and Interesu Pre p a y ment end Late Charges. Borrower shall promptly pay when due the "-�._o
<br /> �±� ' , principal of and interest on the debt evIdenced by the Note and any prepayment and late charges due under the Note. - �
<br /> �1� " Z. Funds[or 1�xes and Insureuce. SubJect to applicable law or to a written watver by I.ender,Batrawer Rha11 pay ro = -
<br /> � � Lender on the day monthly payments ate due under the Note.undl the Note is patd in full,a sum�"Funds")for.(a)yeady �����'`-
<br /> . - �, taxes end assessmenta which may attain pdorlry over this Securlty Instrument as a Jien on the Property;(b)yearty leasefiotd ''�i:;i,,..-.
<br /> � a' payments or ground rents on the Properry, li any; (c) yearly hazard or property insurance premiums: (d) yearly tlood '" ''° -
<br /> insurnnce premlums,if any; (e) yearly mortgage insurance premiums, if any:and (� any aums payable by Borrower to =�r=�-- --
<br /> J� � Lender.In accordance with the provts ions of paragraph 8,in lfeu o f the payment o f mortga�e insurance prem iums. T hese t,^�:�"
<br /> �_"„=,_-_�._
<br /> � . items are called"�scrow Items." I.ender may,at any dme,collect end hold Punds in an amoant not to exceed the maximum r-,-_•�.,,�..
<br /> amount a lender for n federally mlated martgage loan may require for Botrower's escrow account nnder the federel Real �"�;^:��°'
<br /> 6state Settlement Procedures Act of 1974 ess amended fram time ta time,l2 U.S.C.§2601 et seq.("RESPA"),unless another
<br /> � ' law that apptics ta�ihc flsnds scts a tcsscr amaunt. If sa,Lcndcr may,�i any drnc,coltcct and hold�nds in an amount not to �'�'.
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<br /> exceed the lessor amount. L.ender may esdmate the amount of Funds due on the basls of cutrent dnta and reasonuble �:�-°,T"��
<br /> est�mates of expenditures of future 8�crow Items or otherwise in accordance with spplicable lew. '�.'; .s�=-
<br /> The Funds shall be held in an instltution whosc de sits are insurcd b a federal a enc ,i�suumentali or entl ��"���
<br /> Po Y S Y ty• ti' ��,_,_._Y_
<br /> (including Lender. if Lender is such an institu6on)or in any Federal Home Loan Bank. L.ender shall apply the�nds ro pay ��"��- _
<br /> ':. the Escrow Items. I.ender may not charge Borrower for holding and upplytng the Ftmds, annually analyzing the escrow " �` '
<br /> nccount, or verifying the Escrow items, unleas Lender pays Bonower interest on the �nds and appltenble law permiGs •"�"�'�:�
<br /> I.ender to make such a charse. However,Lender may require Borrower to puy a one-time charge for an independent reai ��',�'T=.�-
<br /> estate tax mportin�servIce used by Lender in connectton wtth thts lonn,unless applicable luw prov{des otherwise. Unless an -s.,�--'
<br /> agrecment ic made or applicable law requices interest to be paid,Lender shall not be requIred to pay Bonower any interest or � �"
<br /> • eernings on the Funds. Borrower and Lendcr muy n�rcc 1n wr�tin�,however,that interest shall be paid on the Funds. Lender .,^;>;''�£"
<br /> _ shaU gtve to Borrower, without charge,an annual accaunting of the Funds.showIng credits and debits ro the Funds and the ��•""�
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<br /> - �• ------ - pwpose far which each debit to the Funds was made. The Funds are piedged as additionai securfry for all sums secured by
<br /> this SecurIry Inswment. � °-•.��
<br /> If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shall account to �:;1�,,u;
<br /> ' Borrower for thc excess Funds in accardance with the requirements of ap�licuble iuw. If the amount of the Funds held by � '��%��"
<br /> Lender at any time is not sufficient to pay the Escrow Items when due,Lender muy so notify Borrower in wrlting,and,in � .:�
<br /> such case Borrower shull pay ta Lender the amount necessury to mnke �p the deficiency. Borcower shutl make up the "'-�
<br /> . .. uCfiCiCiiCy fa n�murc than twcivc�uonthly pay��iciu,.uI I..i:i�u'2i i iOIC�I��f�IfJii. —� - -
<br /> Upem puyment in full of ull sums secumd by this Securlty Instrument,Lender shull promptty rcfund to Bonower uny —
<br /> � Funds hcld by Lendcr. If,under pumgraph 21,Lender shull ucyuirc or sell thc Propeny.Lendcr.prior to the acquisition or ,
<br /> u►le of the Property,shtill upply c�ny Fundz heid by Lcndcr nt the timc af ucquisition or sale as a credit uguinst ihe sums ��`
<br /> secured by this Securiry[nstrument. -
<br /> 3. Application of Paymentv. Unle�x upplicuble luw provides ntherwixe, all payments received by L.ender under _
<br /> : parugrnphs l and 2 shall tx:applied:firtit,ro uny prcpuyment churges duc undcr thc Note;second,to nmounts payable under .
<br /> = parugraph 2;third,to interest due;fourth,to principal duc;und lust,to uny latc churges due under thc Note. '?-
<br /> � 4. Charges; I.tens. Borcowcr xhull pay ull wxes, ussessments, chur�c,, tincr and impositions attributuble to the ��U•,''
<br /> Pro rt which ma uttuin riarit ovcr this Securit Intit�ument,unJ leusrhald u ments or �round rentz,if un . Borrower � ��-�
<br /> Pe Y y r Y Y P Y b Y /.
<br /> shsll pay these obligutions in thc munner proviJed in parugraph 2,or it'not puid in thut munncr,Borcowcr.r•hull pay them on I ' . ••
<br /> time dincQy to the jxr+on owcd paytnent. Bum�wer tihuli procnptly furni+fi to Lcndcr ali nuticc.of umuunt�tu tx puid uuJer ' '
<br /> this puru�raph. If Borrower mukes the�c pirynxnts dircrtly.Burn�wcr tihull prompdy furnish ti� Lender receipts evidencing •
<br /> • the payments. ,
<br /> Borrower shull promptly dischs�rge uny lien which has priority ovcr this Security Intitrumcnt unless Barrawer.(u)ugrees
<br /> in writing to thc payment of thc obligutian xccurcd by thc licn in u munncr ucccptublc to Lri�dc�;(b)r�mterts in gaod fnith the '
<br /> lien by,or drfends aguinst rnfc�rcement��f the licn in, lrgul prcncedings�vhirh in thc Lcndcr i opinion operutc to prevent�he �
<br /> , enforcement of the lien;or(c)uucurcs from thc holder of the lien un ugrrcment �utisfuctory to Lrnder xulwrdinating the lien �
<br /> ro this Security Instrumcnt. If LenJcr dcterniincs thut any purt of thc Propeny i.subjcrt to u lirn which muy attain priority
<br /> over thix Security Inswment,Lendcr muy give Borrowcr u noticc identifying thc licn. Burrowcr xhul�sutixfy thc licn or takc 4
<br /> onc or mom of thc actiom set forth ubovc within 1 Q duy�of thr gi�•ing uf notice.
<br /> 5. Hazard or Property Insurance. &xrow�r shall kecp thr impnwement.n��w cxi.ting ur hrreaftcr Frected on U�e ;
<br /> Property insumd u�ain,t loss by�re,hazurds included within the trrn�"cxtended ruvcr.ige"and any other huzurds, includin� �
<br /> ' floods or 11<x�ding, for whirh [.cndcr rcyuirc�insuruncc. Thi� in.uruncc �hull Ix muintuinrd in thc umounts und fur the '
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