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<br /> �� "P�OC}ETHElt WITH all the improvements now nr hecr.atler erccted on tho property.and all ca�cementri.uppurtenunccs, ,�Y� L _ _
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<br /> •� _— and fixtures now or hereuftcr a purt of ttie property. All replacemcnt�s and udditionc»hatl also be covered by this Su.urity � .,
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<br /> r���:. ..� Insuument. Aq of the foregoing iR r�ferred to in thlr�Se�udty Instrument as the'AropeRy. , �-� �_
<br /> .n��,�,;,� ; BORROWER CnVENA1V'fS that Horrower ie lawfully r+eised of the estate hereby conveyed And ha�tl�e dght to grant '� �-.rt=t� Y
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<br /> and canvey the Property und that the Property is unencumber+ed,except for encumbrances af record. Horrower wam�ntx und �- ` ` ��-
<br /> •L fy�?�',;,��.y��� will defend generally the titlo to the Property against u11 clalmx und demnnds.subject tn any encumbmnces of record. ;;:�.�-,;;.
<br /> "'"�a����`'` 11iIS SECIJRI'fY WSTRUMSNT combines uniform covenants for nutlonal use and non-unifortn wvenants with '`"�����'`"
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<br /> _ � limited variatlona by juri�dicdon to wnstitute a unlform secudty instrument covedng reAt property. - .._ °`-
<br /> �?��� ' • `''`��� UTTIFORM COVENAIVT'S. Bomower and[,endercovenant and a�ree as follows: '
<br /> - --- 1. P�y�ent of Princlps�l and Interest;Prepayment aad Late Charges. Borrovier shall promptly pay when due the __
<br /> _ , principal of sutd interest on the debt evidenced by the Note and any prepayment and late charses due uader thc Note. • , . .
<br /> Z. ��ttuds for'ilvtes aad Iasur�se. Subject to applicabte law or to a wdtten eaaiver by I.eud:er,f3ormwer shaLl pay te
<br /> � I.¢nct�r o�e►clze day monthly payments ar¢due under the Note.uatil the Note is pai.d in fu1l,a sum("Funds")foz: (a)yea.siy ,..„-;?•;.�::��1°;.1:
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<br /> : ta�ces and assQSSments which u�ay�.n preorcty over ttus Security I�tsCcu�nt as a lien on the Property;(b) yearly leasetx�Id � �ryS�;;y;;;;;';�r.�+:x.,.:
<br /> � gayrt�ents or gnouttd cents on tlte Prag¢�c9r. if anY: (�) Yearly hazard or prope�ty insurance prem�ums: Qd3 Yeatly flaod �` ';;?1 r;J�,������r,t`� ',
<br /> `ti`;,i f : �s�� �remi,e�mc, Fg zo,y;(e)yearhyr mrntgage imsurance premiums,if any; and (� any sums payable by Borrower to
<br /> � i!,�y.�),:;..5:..�..,',,,�yt; !� ��,�'1 +S�t^t��;�kr+M1`r '
<br /> :;i�;:,;�:.;:.;t;..,l,i;5�:•�.::.`,; Len�mt.��ocosciz,x�ce wi2l'�t1te paovisi�ms of patagrcaph 8,in lieu of the payment of mortgAge inaurance premiums. These � ��}4��a,��%�''�:'!�.
<br /> a� i - items are called"�scrow Items." LenaDer may.at any time,collect and hold Funds in an amount not to exceed the maximum , �•: .
<br /> ���Y`��jt�'� ,r,"�� amount a lender for a federa9ly r�elated mortgage loan may require for Borrower's escrow account under the federal Real '
<br /> Estate Setilement Procedures Act of 1974 as amended from rime to dme,12 O.S.C.§2601 et seq.("RESPA"),unless another
<br /> . law that appUes to the Funds sets a lesser amount. If so,Lender may,at any time,collect and hold Funds ln an amount not ro �:°�,' ��;'_
<br /> exceed the tcsser amounG Lender may esdmate the amaunt of Fl�nds due on the basis of current duta nnd �+easonabte � �
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<br /> estlmates of expenditunes of futura Escrow Items or othenvise ln accordance wtth appiicable law. ` ' r�;• !�•t
<br /> •, ,,. .., The Funds shall be held in an Institution who�e deposits ure insured by �federal agency, insuumcntulity.nr entlty , „ �: --
<br /> (including L.ender.if L.ender is such un institudo»)ar in uny Pedcrnl Homc Loan Bunk. [.ender shull upply thc Fundw ro puy ' •
<br /> ' the Escrow Itema. Lender muy not churge Barrowcr far holding und upplying the FUnd�,unnuully cmulyr.in� the en�ww ••
<br /> ��-� ' ' accuunt, or verifying the �.acrow ltema,unlexx I.ender pnys Barrawcr intercst nn the Flmd,� imd upptiruhle luw pennitx �� ��� -
<br /> ; . Lendet tn makc such u churge. Howevcr, l.cndcr muy rec�uire Hom►wcr w puy u one-time chnrge fiir��n inJependent rcal - �
<br /> • cstnte tax rcporting scrvlcc used by l.cndcr in r�mnectinn w th thix 1oun,unlesti upplici�ble luw pmvideH athcrwlr►c. Unlexs un , a �:t�
<br /> ugicement iK mude or cipptiruble luw rcqutre�intcrc+t tn hc paid,L.cnder Khull nat b�.requimd t�►puy Bumnver uny intcrcst ur ° ::� `�•y;.
<br /> � , eamingK an thc F1mds. Barrowcr und I.ender may n�rcc in wridng,howover,thut intemst shull be puid nn the Funds. Lcndcr �;�; ;M,�,.�`
<br /> ' sh�ll glve to Barrower,without charge,un unnuul uccountinb of the Fund�,showing credits and deblt+�to the Funds sind the • �"'
<br /> ° , . ; putJwse for which each debit to thQ Furtdti wur,madcs. The h�nds are pledgcd as udditionul security for ull sumh secumd by �' `��':•. "�
<br /> ..• ` •`�' this Security Jnsuvmont. � �'�f"
<br /> • ''"� lf the Fun�s hetd by I.ender excecd the amuun�, ����►itiaJ tu be itetd by appltcahlc law. Lcndcr sha2! accoust io .
<br /> Borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by • • � .�� ',
<br /> L.ender at any time is not sufficient to pay the Escrow Items when due,Lender may so notify Borrower in writing, and, in , , ,
<br /> ,. such c�se Bomower shall pay to I.tnder the amount necessary to make up the deficiency. Borrower shall make up the �3•,�'�
<br /> ' deficiency in no more than twelve monthly payments,at Leader s sole discredon. t �
<br /> Upon payment in full of al!sums secured by this Security Inswment,Lender shall prompdy refund to Borrower any ';•:�'�
<br /> ' Fl�nds held by L.ender. If.under paragraph 21,L.ender shall acquire or sell the Property,Lender,prior to the acquisition or . ,'.- `, �
<br /> sale of the Property,shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums � " ��
<br /> secured by this Security Instrument. �i�"
<br /> � 3. Appllcatloa of Payments. Unless applicable law provides otherwise, all payments received by Lender under , .� ;�'
<br /> •;��, ,' , paragcaphs 1 and 2 shall be applied:firsG co any prepayment charges due under the Note;second,to amounts payable under �{''�.
<br /> . '.,,i;;`;';�• paragaph 2;third,to interest due;fourth,to principal due;and last,to any late char�es due under the Note. ;� • �
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<br /> • '.,, �.y;,;'�,�;�,� . 4. �harges; Lieas. Borrower shall pay all taxes, assessments,charges, fines and impositions attributable to the ;-i,;..;� „� .!
<br /> �:;��?�.:.' Prope�tp which may attain priority over this Security insttument.und leasehold payments or ground mnts,if any. Bomower �"' {�/�
<br /> ;s,� , . shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall pay them on �• �.�" •'•.',
<br /> ���;� '• time direcdy to the person owed payment. Bonower shall prompdy furnish to Lender all notices of amounts to be paid under � ��""�
<br /> '°�" �� �``��` this h. If Bonower makes these a ments directl . Borrower shall rom tl furnish to Lender recet ts evidencin � �
<br /> -+,� •��','?=•> . ParagraP P Y Y P P Y P 8 .. � •
<br /> � • �,�•�'..: the payments. .
<br /> � ' Borrower sha11 pmmptly discharge any lien which has priority over this Security Instrument unless Borrower.(a)agrees . .
<br /> �;;;�' ., � in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in good faith the � •�� _. .
<br /> �=��� • lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the r. . . �,.
<br /> ,• , enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to t.ender subordinating the lien �1 ,.
<br /> _ , '�:;..;,��,;;: to this Secwiry Instrument. If l.ender determines that any part of the Property is subject to a lien which may attain priority �
<br /> xy:,.,:••.s,: ovet this Security Instrumen4 Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take •
<br /> ::�:?z'�'�`s �;'i i one or more of the acdons set forth above within 10 days of the giving of notice.
<br /> .. ..�,.s, •.;. ,
<br /> '.•��,,�.,.,... 5. Ha�ard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> .. � � �� Property insured against loss by fire,hazards included within the term "extended coverage"and any oiher hs�zards,including , •
<br /> •�:•F";'::;' floods or flooding, for which L.ender requires insurance. This insurance shall be maintained in the amounts and for the
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