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<br /> --` '[�0C3ETHER WITH all thc impmvemente nnw un c�r�uftcr crwcted un thc �m�perty,usid uil ensc�ncntx,np�urtcniuircr+,
<br /> - — ! and Sxturca n�w or hem,nfter u pnrt af tho pr�perty. Att rcplacemcnts and ucldttiuna xhnll adRO bo c�vcred by Ihix Security
<br /> ------- Insuument. All of the foregoing iR referted to in this Secudty lnstrument ua tho"!'�operty"
<br /> AARROWBR COVSNANTS that BoROwer is lawfully setaed of the eetute her+eby convoyed and hari thc�dght to grunt �
<br /> f and convey the Property and that the PropeRy is unencumbered.exrept for encumbrances of rccord Borrower wurrnnts and
<br /> — —=---' witl defend generatly the title ro the Property egainst all ciutms and demands,subject to uny encumbrances of recoM. �___ ____—.._.___
<br /> — = TI�IIS SECURITY INSTRUMENI' cornbines unlform covennnts for nn�anat use and non•uniform covenantR with
<br /> � limited varIsdona by JudsdIction to constitute a uniform security inatrument cover�ng reul propeRy
<br /> = i � UIJIFORM COVENANTS. Borrower and Lendcr covenAnt and agree as followa:
<br /> 1. Payment ot Prtncipal and Interest;Prepayment aad Late Charges. Borrower shall promptly pay when due the
<br /> _ • principal of and lntemst on the debt evidenced by the Note and stny prepayment and late chnrgea due under the Note.
<br /> - '�1'' _ �, 2. �ads for 1�xes and IASUraace, SubJect to applicable law or to a wrttten waiver by l.ender.Borrower shall pay w
<br /> ,,,�,r;„;� Lender on the day monthly paymcnts ure due under the Note,until the Note is paid in full.a sum("Funds")far. (n)yeatly -
<br /> �'f'1 taxes and assessments which may attaIn prtorlty over this Secudty Instrument as a lien on the Property:(b)yearly leasehold
<br /> � '�"'��� payments or ground rents on the Pro�erty. if any; (c) yearly hezard or property insurance premiums; (d) yearly flood
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<br /> , r. _ ,,ri irisurance premiums,if any;(e) yesrly mortgege insurance premiums, if any; and (�any sums a able by Borrower w
<br />' x� , %�•�� t;,'.`� Lender,in accordance wlth the provisions of paragraph S.in Heu of the payment of mortgage i�surance premtums. These
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<br /> � �,.,�,., .,.-,�..�, items are called Escrow Items.' Lender may.at any tlme.collect and hold Funds in an amount not to exceed the max mum
<br /> �i"',.�`:'�'�.'.•�.�%:��, amount a lender for a federally related mortgage loan may requtre for Borroweri: escrow account under the federal Real
<br /> � �t' ` � ' ° Estate Settlement Procedures Act of 1974 es sunended from dme to time,!2 U.S.C.$2601 et seq.{"RFSPA"),unless another
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<br /> " •�'�'�---- iaw thnt appiiC:�tu U�FUnds sets a lesscr amoun� If so,Lender msy,at sny time,c�llrct end hoid Funds in an emount not to
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<br /> • �• exceed the lesser amount. Lender may eatimate the amount of Fl�nda due on the basts of current data and reasonable
<br /> �, estlmates of expendItures of future Escrow Items or otherwise in accordance with applicable law. __
<br /> K :.,: The Funds shall be held in an institution whose deposits nre Insured by a federal agency,instrumentality.or entity
<br /> �. (Includtng Lender. if Lender is such an institution)or in any Federal Home Losn Bank. Lender shall apply the Funds to pay
<br /> ';��'� ' the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,annually analyzing the escrow ��-
<br /> " � account, ar verifyirg the Bscrow items,uuless Lender puys Borrower interest on the Funds and applicable law permits .____
<br /> T.ender ta make such a charge. However, Lender may require Borrower to pay a one-time charge for an independent reai �°=��____-
<br /> ' ' " estate tau reportins servtce used by Lender in connectton wlth this loan,unless applicable law provides otherwise. Unless an .�;�--
<br /> agmement is made or spplicable law requires interest to be paid,Lender shall not be required to pay Borrower any Interest or ;;�:��
<br /> � , „ eamings on the Funds. Borrower and Lender may agree in wdting,however,that interest shall be paid on the FUnds. Lender
<br /> ' • ' • � shall Qive to Borrower,without charge, an annual accountins of the Funds,showing credits and debits to the FLnds and the �:;y +"�.., �
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<br /> ' � purpose for which each debit to the Funds was made. The Funds are plcdgr�l aa asdiitonai securiiy for atl�ums recure Y �r.�.,,; `° -
<br /> • •� this SECUdry Insaumant. '
<br /> , If the Funds held by Lender exceed the amounts permitted to be held by applicable law, Lender shnll account to .-.:�t__:_
<br /> Borrower for the excess Funds tn accordance with the requirements of appllcable law. If the amount of the Funds held by •-.
<br /> Lender at any time is not sufficient to pay the�scrow Items when due,Lender may so notify Borrower in writtng,nnd,in ��.`�;.
<br /> ` � such case Borrower shall pay to Lender the amuunt necessury to make up t he deficiency. Bonower shall make up the
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<br /> • deficiency in no muar tl�au iwrive monthly papmcnts,at Lender�sole discrettoa.
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