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<br /> ' TQ06'ft1�R WI'CH ull dt�in�pmvements no«r ur hercaRer erectecl an thss property� and ul�c�mcnw.appurtcmnccs.and
<br /> -�— —���--� flxture� naw ar berutRer a purt of tht pzopc�y. All eeplasementa und v�idltlans Rhull alfiu be cavcred hy thiR Scciirity
<br /> � Instrumcnt.All nf tho faregoing is referred to in this Securlty Instrument a�tlic°Property."
<br /> � BORROWB[t C4VENANTS that iBorrower is Iawtltlly seised of thc estate hereby canveyed and has the right to gau►t and
<br /> canvey the Property attd that the Property i�unencumbered,exapt far cncumbrnnce9 af rccard. Banower wurrnnte und will
<br /> i defend generally tho title to the Property against all claims nnd demands.subject ta uny encumbrances of rccatd.
<br /> ' THIS S�CURITY INSTRIJMBNT combines uniform cavenants far natianel uso and nan-unifarm covenunts with Iimited
<br /> — -�i varlations by Jurisdletian to wnstitute a uniform�ecurity instn�me�t cavering real propeny. °° '
<br /> � UNIFORM COVENANTS.Aorrower und i.ende�covenant nnd agece as follows:
<br /> ' l. Payment ot Ptlncipal and Intcrest; Prepuyment a�td I.ate Charges. Bonowcr ahall promptly pay when duc the
<br /> jprincipul of und interest on the debt evfdenced by the Note and arry pmpay�nent and late cha�gea due under the Note.
<br /> � 2.F�unds tor Taxes and Insurance.Subject to applicable law or to a wrftten wa�ver by I.ender,Bonower ahnll pay to
<br /> ' Lender on the day monthly payments are due under the Note,until the Note Is pafd in fldl.a sum("Funds")for:(a)yearly taxes
<br /> =���` and usses.cmentR which msy attatn pdority over this Security instcument ag a iien on the Properiy:(b)yearly leasehold paymenta - -
<br /> ��` or ground rents on the Property,lf any;(c)yearly hezard or property insurance premlums:(d)yearly fioad insurance premiums,
<br /> ' If any; (c)yeArly mortgage Insurance premiums, if any;and(�any sums payable by Borrower to Lender.ln accardance with
<br /> ,j � the provlsions of paragraph 8.in Ileu af the payment of martga�e insurunce premtums.These items are called "Escrow Items."
<br /> Lender may, at any time, coltect and hold Funds in an amount not ta exceed the maximum amaunt a lender for a federally
<br /> ; related mongage loan may require for Horrower's escrow account under the federal Real Estate Settlement Procedure.g Act of —
<br /> � • � t974 as amended fram ttmc ro time, 12 U.S.C. Section 2601 et seq.("RESPA"), unless another law thut applies to the Funda �
<br /> . --- ��{r ' � sets e lesser amoant. Tf��, T.enclPr may. at any dme. coilect and hold Funds in an amaunt not to exceed the lesser umount. ___
<br /> y"��'�'�''=:�;:'�''.'-.� ; Lender may estimate the nmount of Funds duc on the basis of current data and reasonablc estirnates of cxpenditures of future
<br /> ;, . Escrow Items or otherwise in accordance with applicable law. _-
<br /> :;�!'S:�'�• �". � The Funds shaU be held in an institutian whase deposits are insured by a federal agency, jnstrumentaUty, or entity
<br /> � � , � (Including L.ender. if Lerxler is such an instttutian)or in any Federal Home I.oan Bank.L.ender shall apply the Funds to pay the �,.,
<br /> - Escrow Items. Lendor mny not char�e Bonowee for holding and applying the Funds.annually analyzing the escraw account.or �
<br /> % � verifying the Escrow Items,unless Lender pays Borrower interest on the Funds and applicablc law permits L.ender to make such �.
<br /> � , �:;�.`. a chctr�e. However,Lender may require Borrower to puy A one-time charge for an indepcndent real estate tax reporting servIce —
<br /> , ` used by I..endcr in connection with this laan, unless applicnblc Inw provides atherwiso. Unle.ss an a�rcement is made ar ��+-=
<br /> "�„ � � appltcablc law requires intcrest ta be puid.Lender shall not bc required ta pay Horrower uny intcrcst or enrnings on the Funds. �'
<br /> '_,_ __ Borcower and L.endcr ma a rcc in writin , however. that intcrest shall be ntd on thc Funds. L.endcr shaU gIvc to Borrower, �`
<br /> --- Y S s P pq_:-
<br /> • � without churge, an annuul accounting of the Funds, showing craiits and debits t� the Funds and the purpose tor which each
<br /> � debit to the Funds wu�mudc.The Fund�are pled�ed as additionAt security for all sums xecurcd by this Security Instrument. ��:�
<br /> •� '��" If the Funds held by Lendcr cxcced thc amounts pern�itted to be held by uppitcable law, L.endcr tihaU account to Barrawer •��!'•
<br /> �'t' far the excess Funds in nccordunce with thc requtremenls af upplicable luw. [f the amount of the Funds held by I.ender at any '�'�+
<br /> time is not sufficient to puy the Escrow Items when duc.Lcnder may so n�tify Borrower in writing,and,in such cnse Borrawer •
<br /> -. -�"-°�-�-, " sitaii ps�y to I.cndcr thc umounc nere..ury tu iuui.c up th�dcG�{cit�y. Barrowcr shall makc up ihc dc:ficicncy in ao mare than
<br /> � ' twclve monthly puymentti,ut L.cndcr's solc discrction. �
<br /> � � Upon payment in full of ull tiumti �ecurcd by thi. Security Instrumcnt, I.ender shull•prumpdy refund ta Borrower nny
<br /> � Funds hcld by L.ender. IG under purugraph 21, l.rnder shull acyuirc or sell the Property. I.c�xier,prior to the acyuisition or sale
<br /> .^ of thc Prc�perty,shull upply uny FunJ,hcld hy I.endcr ut thc timc of uryuisition c�r,ulc uti u credit uguintit the sums secured by
<br /> this Securiry instrumcnt.
<br /> " 3.Appliu�tion of Payments.Unlcs.upplicublc la�v providcs c�thcnvisc.ull payments rcecivcd hy Lcndcr undcr pnragruphs
<br /> • , 1 und 2 shull be anplicd: first,tu uny prep•rymrnt churges duc undrr thc Notc;.crond,to am�unts payuhlc under purugraph 2;
<br /> ' • third, to intcrest duc:fourth,to prinripul dur:and lu+t.to uny lutc rharge.Juc undrr thc Notc.
<br /> 4.Chary;es; I.icns. Borrowcr.hull puy ull tuxrti,ustir�smcntti,churEcti, tinc� und im�x�+itions attributah(c to thc Property
<br /> .. whirh muy +ittuin pri��rity u��cr this Scrurity ]n�trumcnt, u�x! Icuu�hold paymcnt� �u ground rent., it' any. Bnrrowcr�hall pay
<br /> � these c�b�igution.in thr manner provideel in paragrupli 2.or if nu�puid in that mannrr. Re�rrawer,hall puy thcm on time directly ,
<br /> tn thc pcnun owcd p��ymcnt. $orra��•cr shuU pr<�mptly 1'urni+h t��I.cndcr:dl n��tirc�uf unu�unt�to hc�aid urxlcr this parugruph.
<br /> .. if Bc�rrowcr maheti thr�c paynunta dinctly.H�irr��NCr.hall prom�xly 1'urni.h to Lcndcr rcccipt.rviJcnring thc puymcnts.
<br /> � Bnrrowcr shall pr.�mpUp di.char�.;an�• lirn��•hirh ha,pric�rity ov�r thiti Srruriq Imtrununt unlc.+R��rrowcr: (u)agmcy in
<br /> .. . writing t��thc paynunt ut thc obligatiun sccurcd hy thr li�n in.�mannrr arrcptahlr to Lcndcr: Ih)contcsts in guixf fuith the licn
<br /> � � by, or defends uguimt enforecment ul'the licn in. Ic�al prurccdinEti ��•ltirli in the Lr�xler'� upini�in u}xrate tu prcvent the
<br /> enforrement of thc licn:��r�r)+crurc. tram thr huldrr ut'thc �irn un a�grremrnt.ati.l'ara�r� t�, l.ender,utxxdinutin�thc licn ti�
<br /> thi�Security Imtrumcnt. It'I.cndcr dctrrminr+that an� part�,t'tlx Pr�i�rty i�,uhjcrt tu a licn u•hirh may attain prii�riry uvcr . ,
<br /> thi�Sccurity In�trumcnt. Lrndrr rnay�i�•r BorroH�cr a n��tire i�irntil�•ing the licn. Hurraacr,hall�ati�tj thr licn ur takc unc ur
<br /> morc c�f thc uctionti+ct firrth aMwc within 10 day.ul thc�i�inE uf notirr.
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