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<br /> '1'(�(I6THP.R WIT�aii tha improvenx�nts now ar horeafter cr�ctai en thc property,end ni!e�emrnts,eppu��lp�noe�,snd
<br /> �� ��� fixtures �ww or heceaiter a pArt of thc nrapeny. Ap rcpla�;zrnenta nrW Adclilimr.a sl�+dD wf� ta� caverod hy thi� Secusity ��
<br /> lnstrument._Atl of tha fbregaing Is rcferred to 4n this Sccurtty Inscrument u�the"Praperty."
<br /> BORROi1�R COV�NANTS thu Borrower is iYwlally�eised of the es+t�te tKCrby caa�vtyad an�i h�w tl�c daht to�rant�cd
<br /> convey tt�e Pro�eny ttrid thnt ihe Pcoperty is una�curnberat.except Sor enc.�umh;anc.�es of rcrord. �rmwrr wart,uMs and wifl
<br /> dofend Eenerally the tit[e to tho Pr►�Srty ag�it�u�II clMimt�nd dnr�nds.twbject tu any aycumbx�twxt af teraal.
<br /> _�---�-,.,__-.-_.-� T�#1S SF,CURiTY 6NS"PR1iMN�i'T�mt►ine4 unifi�rm coveru�nis i'i�r ns�ti��mi us,c Hixl non•i�niPorm covC�t�ntx wlth IireitaA ,_
<br /> vul�tions by jurisd;ctian to conuitute a uniform Krurity irnctcument cave�ln,�rail pnnperty. .
<br /> UNIfiORM COVENANTS. Hucr+nwer and Lendnr eovenant a�xi ngr+oo u�follows: �
<br /> l. Paymed oi Prtncipd and I�eterti PreP�ya�+nt a�d I.ate Cluu�es. �otrowox stwll PmmptlY I�Y whan due the
<br /> prirxipal of and intemt r�n the debt evldtnced by the Note�nd any„prepayment snd lata chrtgea due under tho NMie.
<br />___ — , Z.FunU�[w Taxes and Isrurance.Subjxt to epplicablc law or to a wr�tten waiver by l.endar.$orrower shall pay !o
<br /> - ----,_.�,��. I,end�r on the day nwnthly pn.yments:trc duo u�der the llbto,undl tho Note Is paid i�ti fW4 a sum("Funds"1 for:(a)�auly tua
<br /> nnd essessmmts which may attain prtority over thts Secudty Inscmmeat us u lien un tha Peopsrty;(b)yeuly teasehold�x,y�
<br />— or grounc!rents on the Prope�rry,if ony;(c)ye�riy h�vard or property insurr►na pnmiums;(d)yeuly ftaxl inauranae premivau.
<br />--= if any;(e)yearly�r�ortgage insurunce prefniums,if any:wtid(fl any sums payable by Borrower to Lender.M ucoordance wlth
<br /> e� tho pmvisions of psrag�aph B.in lieu of tho payrt�ent of mortgage insumnoe prcmiums.These iums arc callal"Es�cmw Items."
<br />_- i.endar mAy,at�ny timc.collax acid hold Furda in xn amcwnt noi to exc�ad the muximuns a�nount a lender fur a fecleraUy
<br /> _ relatad martgqgo loan mey nquire for Bo�raswer's escmw account iu�der the fedemi Renl Estate Settlemeat Proceduties Act oP
<br /> ` 19'74�aasradr,�ircm tin�tu titr.c. 12 U.S.C.Sxtten 2b01 ca scq.t"�PA").nnlcss arxnher la�;r that npgl�w the P�s
<br /> sets u lesser amount. If so, Lender muy. ut atry tirae.callect and hold Funds in an anwunt not w eacood tho lesser amount.
<br /> =- [,ender may estimate tha amaunt of Funds due on the basis of cument data nnd rebsonablc esdmates uf expenditut�es af Potuce
<br /> Escrow Items or otherwise ia aoco�nce wlth applicable law.
<br /> s Ti�e Fuads shali be held in an insiItutlon whox deposits erc insured by a faderal agency. instrumentnlity. or endty
<br /> (Including I.�nder,if L.ender is such an institution)or In any Federnl Home Loan Bank.I.ender shall appiy the F��nds ta pay ttie
<br /> Escrow Items.Lender may not chnrge Bormwer for holding aud applying the Funds. annuaAy analyting tho Gscrow accaunt.or
<br /> �� verifying the Er�crow Itesn4,unless Lender pays Borrower inunst on the Funds cind applicable!nw permlts Le�nder to make such
<br /> 8 charge. However. L.ender may c+equire Borrower w pay a one-time charge for an independent real estate taa reporting serv�ce
<br /> used by l,ender irt oonnection vuttb thts loan. unless applicnble law providas othenvlso. Unless an agreement is mude or
<br /> o�rpllcable law requires interest to be paid.I.ender sh�ll not be requimd to pay Bo►rawer uny interest or eaznings on the Funds.
<br /> -- BQr�+s�rer ssr3 L�lxr stsay�in�sF�ing.hnw�Y�r.that lnier�ss�!!be pais!Qn th�Fu�. L�r sha!!givs in�r�wRr, -
<br />:. without charge. an annual ascounting of the Funds,shaw(ng crodi�a ertd debits to the Funds and the purpose for which each
<br /> }.; debit w the Fur�a w�s�ade.l9ee Funds are pledged As additfona!security for all sums sa:ured by this Securtty I�n�
<br /> ;� If the F�nds hcld by Londer exceed the amounts pem�iucd to bc held by applicuble lew,I.ender shap a000unt w Borrower
<br /> �"` Por the excess Funds in aaordance w�ith tha uiremema of
<br /> req upplicable law. If the a�itnunt of the Furtds hetd by ixnder at any
<br /> . t[me is not sufficient to pay the Escrow Items when due.Lender may so not�fy Borrower in wriNng.and,in such c�se Bormwti,n
<br /> ° shatl pay to Lendtr the amount aecessary to make up•W�deficieacy. Bomower shall make up the deficienoy in no more than
<br /> " � twelve monthly payments.at L,ender's sole discretion. '
<br /> Upon payment in full of all sums secured by this Se�udty Instnunent, Lender shall promptly refund to Borrower any
<br />- Funds 6eld by I.eader.If.under paru�raph 21.Leader shal!acquire�r sell We Propeaty.Lender.prior to the acquIsition or salo
<br />" , of the Properly�shall apply any Funds held by Lender ut the time a acquSsition or sale as a credit ugainst the snms secured by
<br /> f, this Security Ins�urnent. ' �
<br /> � 3.AppttieAtbn of Payments.Unless applicable law pmvides oiherwise.ali payments received by Lender under paragrapha
<br /> 1 a�td 2 sh�li!�e appliod:first,to nny prepayment charges due under the Note; seoond,to amounts payable under paragraph 2:
<br /> thitd.to interest due:fourth. to principal due; and tast,to any lutc charges due under ahe Note. =•
<br /> - 4.Chaeges;L[em.Bormwer shall puy all te�es.assessments,charges.fines and imposition�s attributable ta the Property
<br /> . wt�ch may attnia priority over this SecurIty Insuumen� Aad leasehald.payments or ground rerps, if nny. Borrower shall pay
<br />_ these obligations in the manner pmvldod in paragraph 2,or if not paid 3n that manner.Bomower ehaii pay them on dme directly __
<br /> to the person owed payment. Borrower shall pmmptly fumish to L,ender ail notices of smounts to be patd under this paragraph. -
<br /> If Bormwer makes these paymenu diroctly.Borrower shall promptly furnish to Ixnder neceipts evidencing the puyments. �;`;
<br /> = Aorrower shali promptly discharge any lien whirh has pdority over this Securlty instrument unless Borrower:(a)ugc�ees in y.M�
<br /> "—:�,�yr<.:: wridng to the payment of the obligatIon secur+ed by the Iten in a marmer ucceptnble to Lender;(b)contests in good faith the lfien
<br /> �:�x.r,:�. by, or defends against enforcement of the lien in, legal procecdtags which in the I.ender's opinion operate to prevent the �
<br /> ,�-��;=?- enforoement of the lien:or(c)secures from the holdez of die lien an a�reement smisfactory to Lender subo:Ylinating the lien w ;`_
<br /> ��'�'= 4his Seeurity Insnument. If Lender deterenirtes that Any�art of the Pcoperty is sub,pes:t ta a lien which may azcaa.n priority over �'
<br /> �.;.�'�� .--�'-!r• this Security Insaurnent. Lender may give Borrower a notice idendfying the lien.Borrower shall satisfy the lien or take one or
<br /> ,�i,'`,::�;�?;.^T�:�� mote of the actions set fotth above within 10 duys of the�iving of nodce.
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