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<br /> TOQBTHBR W1TH nll the impmvementx now or herenftcr crccted on thc property,und all cusementx.appuctenances�
<br /> -- and t�xtures aow or hereutter a putt of tha pmperty. A!1 replacemcnte►and uddidana ehall aiso be covered by this Securlry
<br /> - - --- Inauument. All of tho foregoing iK refemcd to in thia Secudty Inatrument us the"Property." _
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<br /> --�---�°------= — gpRRpWgtt COVIINANTS thnt Hozrovrer is luwfully ssised of the extate hereby canveyeA and hav tho dght to grnnt —
<br /> and convey the Property artd that the Property is unencumbered except for encumbrancea of record. Borrower werrant�and ��
<br /> - ' -------- �vlll defend getternlly the tltle to the Property ngaMst ali cinims and demends.aubject to uny ertcumbronces of record. �_-_ __
<br /> — THt9 SECURPfY INSTRUMENT combSnes uniform covenants for nadonol uiso and nan•unifarm covenants with
<br /> . Nmited eurIuHonA by Judadtction to conadtuta u uniform security insuumznt cavering real propecty. ---
<br /> UNIFORM COVBNANTS. Bomower and I.ender covenant end agres us follows: ���
<br /> �� •;-�• i. Payment ot Principul and Iaterest;Prepayment and Late ChargeA. Borrowcr ah�lt prompdy pay when dua the ��g..�._-.
<br /> �,�o,��i:� • principal of and interest on the debt evidenced by the Note and any prepayrtzent nnd luus chargea due under the Note. ����:______.
<br /> :�.f.. r�;.�3�� y. Ftutds for 1�xes end Iastuance. SubJect to app8cable law ar to a written waivcr by Lender,Bonower shall puy to �'~:�`}'�""-
<br /> "+;i�` ' L.ender on the day monthly paymsnts ate due under the Note.untit the Note is pald in fuil.a sum("Funds")for:(a)yearly ,4�;�i��,� _ _
<br /> '� ,�+;��'�'•. t taxes and assessments whtch muy anein pdority ovor thja Secudty Instn�ment as a lien on the Propecty:(b)yearly leasehold „w,;,,s��^; �
<br /> . '�°•��� � payments or grouad rents an the Propercy. if any: (c) ycarly hazard or property inaurance premiums; (d) yeerly flood � � "- �•�``'�"y
<br /> �r...'7• , ?'.:..,,�. t�S.` ;'f ,, q't;rn`?:
<br /> _.._L.__ insurance premiums, if any: (e) yearly mortgage insurance premiums,!f uny;nnd (�ac�y sums payable by Borrowcr to ':;.;��c��: :r-
<br />�l „� - ;� I.ender.in accordance with the provlsians of paragrnph 8,In 8eu of the pa��ment of ma�tgage insurance premiums. These � � . .,.;�..
<br /> ,;;�:,;�,• �.�. .�. � i t en�s are c a l l e d"E s c ro w I t e m s." L e n d e r m a y.a t u n y d m e,c o l l e c t a n d h o l d F u n d s i n s u t u m o u n t n o t t o e x c e e d t h e m w c i m u m y ��''��• �••
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<br /> ;"'��' ''` amount a lender for a federally related mortgage loan may r+equite for Borrowor's escrow acwunt under the federal Real .�?:�-�'_
<br /> - � E s W t e S e t t l e ment Pracedures Act of 1974 as amended from time to tlme,l2 U.S.C.§2601 et seg.("RFSPA"),unless another _ ,;;:i°;�r1��,���_`
<br /> � �- — law that a lies to the Funds r.ets u Icascr amount. !f so,Lender may,at any«me,wliecc and hald Fundw io w�w�►�,u+u�yat ta --- , - = -
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<br /> � exceed the lesser amount. Lender may estimate the amount of Funds due an the busis of current dnta and reasonable � ` tL�
<br /> " estimates of expendttures of future Escrow Items or otherwise in accordunce with applicable law. �����.-
<br /> � ° � The FV�nds shall be held in an institutlon whose deposits are insured by u federal agency. instrumentalfty,or enttty ; . h' ',', "x
<br /> r • (including Lendor,if Lender is such an insdtution)or ln any Federal Home Loan Bank. Lender sh�ll apply the Funds to pay r,;��f'�!';h�,�T;:;
<br /> � • the Escrow Items. Lender may not charge Borrower for holdin�nnd applying the Funds,annually analyzln� the e�crow " �. '?���;'�
<br /> � � account, or vedfying the Escrow Items, unless Lender pays Borrower interest on the Funds and applicablc law permlGc ;"�'�
<br /> �� � Lender to make such a charge. However,L.ender may require Borrower to pay a one-time chnrge for an independent renl " ��,�`
<br /> estate tax reportlns servtce used by Lender in connecdon with this loan,unless uppllcable law provldes otherwise. Unless an
<br /> agmement is made or applicable law reyuires interest to be paid,Lender shull not bc required to pay Borrower any interest or '�- ��
<br /> eamings on the Ftincis. Barrowcr and Lcndcr may agrec in wr�tin�,however,that intcrest shaU be paid on the Funds. Lender �'��_
<br /> ' shall give to Borrower.without churge.an annual uccounting of the Funds,showin�credtts und debits to the Funds and the � �� . ,�i;�•
<br /> ; ; , purpo�e for wiii�h each debit to thc Funds wa;made. The Funds are pledged ss additinna!serurtty fer aN sunts��md hy •-- '•
<br /> , this Securlty Inatrumept. �r '
<br /> � If the Funds hetd by L.ender exceed the amounts permitted to be held by upplicable law. Lender shall account to ,. ;� '
<br /> Borrower for thc excess Funds in accordance wIth the requirements of applicuble law. If the amount of the Funds held by a'
<br /> � Lender et any time is not sufficient to pny the Escrow Items when due,Lender may so notify Borrower in writing,und,in
<br /> . such case Barrower shall pay to I.ender the amount neccssary to make up the deficiency. Borrower shall ms►Icc up the �•` �
<br /> � � deficiency in no more than twelve monthly puyments,at L.ender's soie discmtion. ;�
<br /> . Upon payment in full of all sums secured by this Sccurity Inswment,Lender shall promptly refund to Borrower uny •
<br /> Funds held by Lender. If,under parn�rnph 21,Lender shnll ucquire or scll the Property,Lender. pdor to the acqulsition or �' . .�
<br /> sate of the Properry,shalt upply any Funds hcid by Lendcr at the timc of acquisidon or sale as a cmdlt a�ainst the sums '
<br /> � , secucrd by this Secur�ty Instrument. �f''; .
<br /> � . 3. Applicatton of Payments. Unles� applicuble luw provides otherwisc, aU paymenG4 rece{ved by Lender under � . •
<br /> paragraphs 1 sind 2 shull be applicd:fint,to uny pmpuyment chargec duc under the Note;second, to amounts puyable under .� a�
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<br /> `� � paragraph 2;thttd,to interest duc;fourth,to principal duc;nnd last,to any late charges duc under the Note. . ,�'��•;��
<br /> 4. Cdarges; Liens. Borrower shall ptty ult tuxes,utiscssments,churges, fines und impositions attdbutable to the i�;r�-
<br /> � Property whlch may Attain prlodty over this Sccurity Instrument,und lcaschold paymcntx or ground rent�,if uny. 8orrower ��� •
<br /> ._ shnq pny these obligptions in thc munner providcd in paraFruph 2,or if not puid in thnt manner,Borro�,iver shall puy them on �
<br /> - �• • time dirccdy to the perxon owed payment. Borrower shall pmrnptly furnish to Lender ull notices of wnounts to be puid under --- -
<br /> this parngrnph. lf Borrowcr makes thesc puymcnt.r•directly,Barrower shall promptly fumish ro Lender receipts evidencin� �� ..
<br /> ' �, the payments. '
<br /> • Bornower�hull promptly discharge any licn which has priority over this Sccurity lnstrument unless Borrower:(u)agrees
<br /> in wdtin�to the payment of thc obligution secumd by the licn in a mnnncr ucceptuble to Lendcr;(b)cantests in good fuith the .
<br /> lien by,or defends against enforcement of the lien in,legul proceedin�s which in the Lendcr's opinion operate to prevent the '
<br /> enforcement of the lien;or(c)securcs from thc holder of the lien un agrcement satixfactory to Lender subordinuting the lien
<br /> to this Security Inswmcnt. If Lender dctermines that any part of the Property is subject to a lien which may attain priority .,
<br /> � over this Security Instrument,Lender muy give Borrower u notice identifying the lien. Borrower shall satisfy the lien or take
<br /> ' one or more of the actions set forth abovc within l0 days of thc giving of notice.
<br /> 5. Hazurd or Property Insurance. Borrower shull keep the improvements now existing or hemafter erected on the
<br /> Property insured n�ainst loss by fire,hazards included�vithin the term"extendeJ coverage"and any other hur.ards,including
<br /> ' ' floods or flooding, for which Lender mquire� insurance. 'I'his insuruncc shall br maintuined in the umounts und for the `
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