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<br /> TOLiETH6R WITN all the imprc>vementx now ar hereafter rrected on the propeny,und all cu.u.ments;,uppurtenances, �..,;,,,.;,-n.
<br /> ' � � • and fixtures naw or hereaftcr u purt of thc pmpcny. All rcplucement�+and additions shull also bc covcrcd by this Security �,
<br /> lnstrument. AU of thc tunguing ix refcrned to in this S��curfty Insuument us thc"Property." „ _
<br /> BQRROWER COVENANTS that Borrower is lawfully ticised of thc eFtute hereby cnnveyed und hux the dght to grnnl � . _
<br /> ond convey the Property ttnd thnt the Property is unencumberecl,except for encumbrances af record. Borrower waaants and � � -
<br /> • will defend genernlly the titte ro the!'roperty against a11 claims and demands,subject to any encumbrances of record. � _'�,.
<br /> � THIS SECURITY 1NSTRUM�NT combines uniform covenants for nationni use an�i nun-uni furm covenan ts wi t h , - �_
<br /> . limited variadons by judsdictian to constitute a uniform secudty instrument covering real property. �
<br /> �� - -- UNIFORM COVENANTS. Bocrower and Lender covenaat and agree as fo f lows: ' ' -
<br /> - � .,:�. ' 1. Poymeat of Principal and Interest;P�epuyment and Late Charges. Borrowcr shnil promptly pay when due the �
<br /> principal of and jmet�est on the debt evidenced by the Note and ar►y prepayment and late charges due under the Note. a-
<br /> Z. �unds for 7lazes and Insurance. Subject to applicable law ar to u written waiver by Lender,Borrower shaU pay to
<br /> � Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")for.(a)year ly -
<br /> taxes and assessments which may attain priority over this Security Instrument as a lien on the Property;(b)yearly leasehold _
<br /> earl hazard or ro msurance emiums; (d) yearty flood �
<br /> payments or ground rents on the Property, if any: (c) y y P P��Y � Pr . � .-.
<br /> insurance prcmiums, if any; (e)yearly martgage �nsurattce�rc�iums, i�any: and (fl ar�y sums payable by Bormwer to �
<br /> Lender,in accotdance with the provisions of paragra�h&,in lieu of t9te payment of mortgage insurance ptemiums. These _
<br /> items are called"Escrow IteQns: Lender may,at any time,collect anct hold 6�Lnds in an aerteount not to exceed the maximum . _
<br /> amount a lender for a federally related mortga�e loaa►may�yuire for�urrowerS escrvw account umier the federal Real ; •�""�'"
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<br /> Estate Set4lement Fmcedures Act of 1974 as amended frorre time to tirne,12 QJ.S.4'.§26U1 at s¢q.("R�S�A'7.unless areolh�r : '����
<br /> . law that applies to the Funds sets a lesser amoun¢. if sv.Lender may,ai an�tim�,collect aaedleuld�nds e�an�moura�¢w to ;j:; ,_. •:c--;-.---,;;-
<br /> �`�"�� exceed the lesser amount. �ertder may estimate ttee armount of Funds due on the basns of cunent data and reasonable •.;,1;;��.>;e���''r:�?',:':�":;.
<br /> `�''����' � �' e�timates of expenditures of fucsire Escrow Items or othenvi�en accordance�ti ith applic:Tbie Iaw. ;:j�.}�;`;;ei�;'.:t '� f�j.�.{`-`•`
<br /> .; ':;.;''�;;a���., "�, "Ltie Funds shall be he➢� in an institution whose d� oaits are insuQed Il* a fe�eraY a enc , instrumentalit ,mr entit ��{�`�';�:b;;�,r.�:; i'.��": , ._
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<br /> �'' ' ' (i�cluding Lender,i'i i.ende+r is such an instituti�n)or in an�y Federa!49ame L,nan Bank. Lender shall a�p➢y the Funds to pay : �t�',�{;� , +� "r:'� S•;;;;
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<br /> •• � the Escrow•Ia�ms. Lender may not charge Borrawer for hol�ing anxi aPPlYing the Funds,annually analyzing the escrow , � ��:� , v�;�,.
<br /> ' " ' � account, or veritynr,� the Escrow Items, unless Lender pays Borrower interest on the Funds and applicable law permits -�. . .:,� �p��,'�
<br /> � �• Lender to make such a charge. However. Lender ma�y rec�uire Borrower to pay a ane-time charge for an independent real � ` �: �� ::
<br /> ' estnte iax reFoning service used b}•Lender in cmnnec¢non with this ioan,unless applicable iaw pmvides otherwise. Unless an ; t:;'r � i,�,�s;
<br /> agrecment is��de o�applic-able I��ti�requi�es in�terest to be paid,Lender shnll not be required to pay Borrower any intenest or ,..�!� �—°----"-
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<br /> eamings on the Fancts. l�orc�wer and�.e�ea7�r may agree in writing,however,that interest shall be paid on the Funds. Lender , + *,,it�"
<br /> � shall give to�orrower.K�ilfiout chazge,an annual accounting of the Funds,showing credits and debits to the Funds and the . , ,����
<br /> _,_,._.__, _ ,._ ._. _, �►��rjx�se for which each debit co the Funds was made. The Funds are pledged as additional security for ail sums secured by � ,
<br /> this Security Insuument. � .
<br /> � If the Funds held by Lender exceed the amounts permitted to be held by applicable law. Lender shall account to ;' �',.,��,
<br /> Bortnwer for the excess Funds in uccordance with the requiremeats of applicuble law. If the amount of the Fundc held by , }
<br /> " � Lender at any time is not sufficient to pay t he Eacrow Items w hen due,l.e n d e r m n y w n o t i f y B o t r o w e�i n w r i t i n g,a n d,i n i .
<br /> � � such case Borrower shali pny to I.ender the amount necessary to make up the deficiency. Borrower shull mnke up the � •,�
<br /> ° deficiency in no morc ths►n twelve monthly payment�, at Lender�sole discretion. ' `�;
<br /> Upon payment in full of ap sumc secured by this Security Instrument,Lender shntl promptly rcfund to Borrower uny
<br /> Funds hetd by Lender. If,under paragraph 21, Lender shntl acquirc or ull the Property. Lender,prior to the acyui�ition or a,�
<br /> sale of the Property,shali upply:sny Funds held by Lender at the time ot stcquisition or sale ac a credit s►guinst the sumti , ��'
<br /> secured by this Security Instrument. ��, �:
<br /> 3. Appfieation of Payments. Unlexc upplicable law provides othenvise.all payments received by I.ender under ...
<br /> � � paragraphs 1 and 2 shall be applied:fint,to any prepayment charges due under the Note: second,to amounts payablc under '."��� -;'�% •
<br /> paragraph 2;third,to intemst due:fourt8,to principal due;and last,to any late charges due under the Note. ';%•s,� •� �
<br /> ' 4. Charges; Liens. Borrower shull pay atl taxes,assessments, charges.�nes and impositions attributable to the .
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<br /> • Property which may attain priority over this Securiry Instrument,and Icasehold payments or ground rents,if any. Borrower . ;:'{��;,��
<br /> shall pay these obtigations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall pay them on ' ;,.:F'`� �•
<br /> '. , � time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of Amounts to be paid under
<br /> :�:;�.�� this paragraph. If Burrower makes these payments directly,Borrower shall promptly f'urnish to L.ender receipts evidencing
<br /> , the payments.
<br /> ' •• � Borrower shail promptfy discharge any lien which has priority over this Security Instrument unless Borrower:(n)agrees
<br /> in writing to the payment of the obtigation 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 io.Iega1 ptoceedings which in the l.ender's opinion operate to prevent the .
<br /> � ' enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to L.ender subordinating the tien ,.
<br /> ,: .-"�• � to this Security lnstrument. If Lender determines that any part of the Propeny is subject to a lien which may attain priority .
<br /> , • over this Security Instrurnent,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take i
<br /> one or more of the actions set forth above within 10 days of the giving of notice. �
<br /> 5. Hazard ur Property Insurance. Borrower shall keep the improvements nox existing or hereafter erected on the
<br /> PropeRy insured aguinst loss by Cre.ha�ards included within the tertn"extended coverage"and any other hazards,including ;
<br /> floods or tlooding, for which Lender requires insurance. This insurance shap be maintained in the amounts and for the G
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<br /> Form 302ti 9l9p (pnxr?n/n puxrs� ,
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