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, , ..�.. _� -_ . __... .(� . . _ �N� - .. . '_-_ .. . ""' _ ' _— .`11 M r .._.. '__' ..- ' -. . ;-.. � _.:w� ,--' _ _." ..,.______ .� ___ _.. ._.._ .._' ___"_ _.____- __.-'""_ ._ _,�. _�-..--._`"_`__ _..""". . . ._.._._ __'___-.._.___-___—. .._..___ _ ----- . g4�- ios�� Tn[iNTHE$WITH�fl tho�improvementg naw an c�realter erest4d art the pruperty.utxi uil easements,appuneiwrK:es,and __ flxture.w naw or t►treaQer a pan nf thc prup�rty. All rcplucenxnts and udc9itions E;hull nlso bc cuvcrctl by tl�iv SaxurIry Instnrment.All nf thc fongoing is rcfcrrod tn in this S�xurity Instniment as tho "Propeny." gORlt�D11VER CQVBNANTS thrt Borrowcr is lawfully setsed of thc estatc hereby canvcyed and ha.�t6e right to gcaut and convey che Ptoperty ru�d that tha Property is unec�cumbemd, except for encumbmnces oP tccord. Borrowar wurranta nnd wiil defepd�enet�ily tha t�do to tAe Pr�operty ag►inst aii cla[ms and demands.subJect to any encambrancr.s of recarA. _-.._. _ ._ . THlS SECURITY INSTRl1MFNT c�ntbjaaq uniform covenants for natloml use und non-uniform cavananta�vith limited , variuions bp Jurlsdictlon to oonstituto a unlform secudty instcument cavering c+eal property. UN[FORM COV6NANTS. Borrowcr and Lender oovenant iuul ag�+oo as followa: 1. pa,ytaeat at p�inc9pol and ittter�t: Pt�epAyment and Lata Chargcs. Bortower shull pmmptty.pay when du� th� priaciput of and in¢erest on the debt evidenced by thn,iV�ata and any prcpuymer►t�nd late charges due urtder tha Note. a.Fund9[or Taxes�nd Insur�noe.Subja�.tocappi�s�hle la�v or to a wrltten waivcr by Lender.�orrowcr sholl pay to �� I,.cnder on tho day montlily paymems are duc unAer t�t�,N�t�i uatil the Notcs fs paid in full.u sum("Funda")for.(u)yearly taxes _ and sisssossments which muy atwin priority overthlASs:CU��rine�vument ns alienon the Property:(b)y�rly IeASehold p:ryments ur ground►�nu on the Propeny,if uny;(c)yearly hu�ard or pn¢�rt�inswunce pmmtwas;(d)yearly flood tnsurance premiums, if uny;(e)yearly mortgagc insurance premiumr. if.an��c and t�Ang sums paya6le by Boirower to l.ender.in aoeondance with tho provisions of pamgrnph 8. in Ifeu of tha p.�yrnemt Af marr�{agp�insurance premiums.These jtems are cailed"Escrsw Items." — L.ender may,nt any time. colDect and hafd Funds In an��maunt�,not to ex�ec�d ihe msucimum umnunt �lender for u fe�ieralty relaud mortgage loan may require for Borrower's escrou�uorwunt under the fedecal Reul Estate Settlement Proo�idures Act of -- ---� 19T4 ss amended fram timc to tima. i2 U.S.C.Se�tion„26Q�at seq.("RESPA").wiless auatt�er!aw that applies�o thv Furcda � --- seta a lesser amount. If so, L.ender may. ut any.Gme. caliESat�mt►d hold Funds in an emFSUnt not to exceed the lesser nmount. I.ender may estlmate tho umount of Fu�ds due:on�ttt�s:bmes•of cument daw and reasonable estimutes of expendttures of fi�ture Escrow Items or othenvis�e in r�coo�dartce with appliasbludew. - 17►e Funds shal! be held in an in.5dtutian,,whns¢ dppaslts are irtsuted by a federdl agency. instrumentelity. or entity (iacludla$Lender.if Lender is such an insatutian)�nr an•��•Faderal Hame Loan Bank.Lender shall apply the Futtds to pay the Escrow Items. L.ender muy not chur�e Borro�vee•£on hatdih8.apxi applying the Funds,annunlly analyzin�tlte escrow acc�unt,or veriEying the Fscmw Iterns,unless L.ender p�ys aomoaxv.cntetest on the Fu�s suid applicable Iaw permits i.ender to muke such a charge. Howeeer. Le�er may require Borm�«a tu.pny n one-time charge for sin irtdependent real estate tax reportia�service used by Lender ia co�wectton with this loan, unless sipplicable law provides othenvise. Unless An ngreement is made or � ttppltcable law re.quires interest to be pnid,Lender shall not be required to pay Borrower any interest or eamings on the Funds. --- • Earrax�tr s�c!Ixsuler snsy saree in writiss;. howev�r. that lnt�res��hel!►_+e p.si��n the Funds. Lender shall give to Borrower. without churge. an annual acco:uuing of the Funds, showing credlts und debnts to the Funds and the purpose fur which ench - debit to tbe Funds w�,c mude.The Funds ate pledged ns additional security toz�Il sums se�-ured by this Security Inswment. ° -- If the Funds he[d by i.ender exceed the amouau permitted to be held 6y applicable law.Lender shall acrnunt to Borrower - for the excess Funds in acxordance with the requirements of applicable law. If the umount of the Funds held by I.ender at nr►y - -- time is nat sufficient to pay the Escrow Items when due,[.ender may so notify Borrower in writing.and,in such cas�c�arrower - . shali pay to Lender the amount neo�ssary to make•up the deficiency. Bormwer shail make up the deficiency in no more thun - - twelve monthly payments.at Lender's sola disc�tian. �� _ Upon payment tn full of all sums sectued bp this Security Instrument, Lender shall promptly mfund ta aorrower any �::___ - - Funds held by L.ender.If.under paragraph 21.Lender shall aoquire or scli the Property.Lendcr,prior to the acquisiuon or sale �:�-� - of the Property.shall upply uny Funds held by Lertder ut the time of acquisition or sale as u credit aguinst the sums secured by �-'= _ _ tlris Security Insnument. �"- --- — 3.Appltcation mf Peyments.Unless upplicable luw provldes otherwist.all payments nxeived by Lender under paragraphs `�_: - D and 2 shall be u t@A�: first.to an ment ch es due under thc Note; second,to:unounts a able under ara h 2: E� PP Y P�Y �G P Y P �P L',,R?• - __- _ - third,to iuterest dae:foutth.to principal due;und last,to any late charges due under the Note. ��'j w �.C�at�rs; 1.1eus. Borrawer shall pay all �axes,assessments,chac�es, fines und impositions attribatablo to the Pdoperty �_=-- which m atutin riad over this Secvri lnstrument, and leasehold a ments or round rents, if:ui Borrower shall a �-__ -- �y P ty cY P Y € Y• P Y ,y,r.:. - - ---- -- --- these obligattons in the manner provided in paru�raph 2,or if not paid in that manner, Borrowcr shall pay them on time directly ��,-�• — to the person owed payment. Borrower shal! promptly furnish to I.ender ull notices of amounts to be paid urtder this paragruph. � - -