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<br /> T(1('iE'I't1f:R'Y+�ITH�II thc impnr;rnKnt,nuw ur ha�raftcr•rec�ed�x� the Emxxriy,and ull esscmentv.�fpur�ctw�ca+.
<br /> xnd fixiurca now or hereefter�p�rt of the property. All rcpii►cemenin ancl udditiuiu.h�li xlu.:�c cavued by this Security
<br /> In�tnunent. All of the f�xeguiag i�nfcmed Io in�hia Sccurity Iruwment ae the"Pr�perty:'
<br /> BORROWER CUVClYANTS that Fiurrower is law(ully seix«!uf ihe estate hereby canvcyt:i and hrs tfwe righ►tu}r�ar+t
<br /> and ccx�vey the Pinpecty�nd that tho Propeity is unencumbertd,exce�t far encumbru�ces Uf rr,cord. Bortower wtmntn a�td
<br /> _--__---_--- wlll ife�ferKi penerally the:titk to the P�vpenv aµnlnst xll claims ruid�ieme��:�i,;uF��i.:i 1�►any enca�mhranr.ex��f rocord.
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<br /> TH[S SECUltITY INS'IRUMEN'l'combines unffam covenants for national u�e und rxx�-unifixm cuvtnanta with
<br /> limitod vuiaacros by juriuiiction W ccx�stiwtc u unitorm security instrument covcxing reul property.
<br /> UNIFORM COVENANTS. Bortti�wer and lxnckr cuvenant und agc�ee:u foltows:
<br /> l. Prymeot ot Prindp!and ldtere�t:P�repqm�wt and I.ate Chnrge�. 6ormwcr shall promptlY paY when due the
<br /> .- pritx:ipal uf und intenst on the debt cvidencai by�he Nnt�and any pvr.payment and late chargeti due wxkr the Notr.
<br /> 2. �unds for 71u:a�nd Inwranee. Subject to applicuUle law or tu a written w:tivcr by Lendcr,Borrower shall pay to
<br /> °� Lend�r on the day monthly pxymcnGs ure due uuclrr die Nute.u�uil thc Naic is paid in fuU,a som("Funds7 fnr:(a)yearly
<br /> taxes su�d assessments which may anain prionity over this Security Instrument as a lien on the Propecry;(b}yeuly leasehuld
<br /> payments or ground rents on ttre Pmperty, if any; (c)yearly hazard or property insurance {xcm�nmr•; (d) yearfy fload
<br /> r?' insurwtse p►.miums,if any; (c) ytarly mungage insurance pre�niums, if any: and (fl any sums payable by �orcowec to
<br /> LendE�r,tu acrnrdance with tiK provisions of par�graph 8, in lieu of thc payment of mortgage insuranr,�prcmiums. '['he�e
<br /> -- -- items are called"Escrow Items." Lender may,at any time.collect and hold Fl�nds in.►n amoont not to�xceed ttu m:ueimum
<br /> amount a lender for a f'ederally rclated matgage laan may require for Bonoveer's escrow account under the Eedeeal Real
<br /> - - Estate Setdement Procectums Ac[of 1974;u am�nded from[ime to time. l2 U.S.C.�2601 et sey.("RESPA"),unless anothtr
<br /> -- law that upplies to the Funds sets a lesser amount. If so,Lender may,at any tirne,collect and hold Funcis in an amount no�tu --
<br /> exceed the fesser amount. Lendec may estimate the amount of Funds due on thc basis of curn:nt data and reasonabl�
<br /> estimates of expenditu�s of future Escrow Items or atherwise in uccordance with applicabte law.
<br /> 7'he Ftmds shall be hetd in un institution H�hose dcposits are insured by :e fcdcral agency, insuvmentality. or entity
<br />-_ (includiug Lender,if Lender is such an insutution)or in any F�edcral Homc LaaR Bank. Lcndcr shall npply the Funds to pay
<br /> thc Eticrow Item,. L.cnder may not cl��rge Bon�ower for hotdin� :�id applying the Funds.��nually an.ilyzing tho escrow
<br /> account,ar verifying the Escrnw Items,unless l.ender pays Borrower interest on d�e E�und�.and applicab!e law pem�its
<br /> Lendrr to ttiiake such a char�e_ Howevcr,l.cndcr may rcquire Borroa�er to pay a onc-tima chargc for an independent ee�l
<br /> cstatc tax reporr.ing service used by Lcnder in cannecdon w�th this loan,unlc�s applicabl�law provicies otherwise. Unles.an
<br /> . �grexmcnt is made or agplica6le law rcqUir�es intcrost to be paid,Lcnder shall nuE bc required to pa}+Borrower any interest or
<br /> eamings on the Funds. Borcower suxl I.endee may agrce in writing,l�owecer.thnt intcrest shall bc paid on the Fundc. Lender
<br /> shall give to Borrower, without charne,un annu:d nccounting of thc Funds,showing credits and debits to the Funcls.����:e -
<br /> - �;��.�d r�t;���;;�};a�t,��;r t�S,p�'����Ic w�c��,�dr The Fum9�.�m oledged as additional security for all sums secured�y
<br /> L this Sccurity Inswmcnt.
<br /> If ihe Funds held by Lender excced Uic :unounts permitt�d to be h�ld by applicablc law, Lend:.-shall accout►t to
<br /> Horrowcr far the exccss Funds in accordaiuc with the rcquirements of applicflb9e la�v. lf thc :unount r9 tih�Fl�nds hPld by
<br /> Lendes at any time is not s�fficient to pay tha Escrow Items�chen duc.Lender may so notify Bonower ist wriung,and, in _
<br /> such case Borrower shalt p:.►y to Lender the atnount necessary' to muke up ihe deficiency. Bo►-rower tihall make up the
<br />- defcicncy in no more than twelve monthly puyments,ut LenderS sale discrction. -
<br />� ? lJpon paymcr.t in full of all vums sccured by this Security Inswment,Lender shall promptly rcfmid to Burrower<Lrey __
<br /> Funds held by Lcnder. If,undcr par�graph 21,Lcnder shall acquire or scll che�roperry. Lendcr,prior to thc acquisltion or _
<br /> x. sale of the Property,sh�l!apply any �unds held by Lender at the time of acs�uisition or sale a� a credic against the sums ��
<br /> :;ecumd by this Sccuiiry lnsti-umcnt. _�.�-
<br /> 3. Application ot Psyments. Unless applicable law provides othenvise,all payments received by Lendcr under _ _.
<br />=� paiagraphs I and 2 shall be:spplicd:first,to any pmpayment charges duc under the Note;second,to amounts payable u�aer =_
<br /> `� paragraph 2:third,ta interest due:fourth,to principal due:and last,to any lute charges duc undcr the Nute. �;r.:;
<br /> 4. Charges; Liens. Borrowcr shall pay :ill taxes, asscssrnents, rh:uges, fines and impositians am-ibutablc to thc �,`
<br /> Propeny which may attain prioriry ovcr this Sccurity Inswment,and Icaschold payments or ground rent�.if 21ny. Borrower �-��
<br /> _ shall pay thcsc obligations in thc manncr providec7 in paragraph 2,ur if not paid in thut manncr,Borrow•cr shnli pay th�m an „
<br /> _ time d'uccdy to thc person owed paymen� Borrower sh:ill promplly fumish to Lendcr all notices uf amounts to lx p:ud undcr �,_�_
<br /> '�� ,.,: thi�paragraph. If Bomower ma4;es these payments dircctly,Borrovrer sh�il pro-nptly fumish to Lcnder receipts evid�ncing ��•:
<br /> '„T`•� ' the payments. �r� .
<br /> � s_;.;��(F";' Borrower shall pxompQy discharge any lien which has prioriry ovcr this Su�uriry Instrument unless Borrower.(a)agrecs i
<br /> . �>7�.+'•" in wridng to the payment of the oblfgation secured by the lien in a m;mner aoc.�ptAble to Lender,lb)contects in gocKi faith the 1 ,
<br /> ::i;=�". lien by,or defends aguinst enfereement of the lien in,legal proceedings�vhich m the Lenderti opinion operate to prcvent tlre '.
<br /> '�''' � enforcement of the licn;or(c)secums from die holder of the licn an agmement s�tisfactory to Lender tiuhordinating thc licn
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<br /> , °';��% `,.t. to this Security Inswmcnt If Lender dctcrmines that any part of thc Propeny is subject to a lien which may attai�prioriry '
<br /> '`:a. =,�>;,�: over this Securiry Inswmcn�L�:nder may give Borrowcr a notict identifying the lien. Bonower shall satisfy the licn or takc j
<br /> �;,_r,:;,'.. one or more of the actions sct forth above within 30 days of the giving uf nutice. ;
<br /> -, S. Hwznrd or 1'roperty Insurance. B�rsnwer shall kecp thc impravements now rxisting or li:re".fter cRCted on thc
<br /> �;,:: .R��_::..::."' Property insured against loss by fire,hazards inciuded�viihin the tem�"extended wverage"and any other hazards,including ;
<br /> '-�.u';• ..,•;�. flaxis or flooding, for which Lender�+equires ineurance. This insurance shall be maintained in the amounts and for the ,
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