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<br /> � 9'O(iETHEIt WITW all thc l�nprovcmentw nuw nr hereufter crect�d on tho property,nnd nll ca.gcmcnts,appurtenances,
<br /> artd Cuetures now on c�rcaftmr a part of the property. All roplacemcata rind ciddlUona shutl nlso be covcred by thiR 3ecurlty
<br /> Insm�ment. Ali of tho foregoing iR mfccrcd to in thls Sccurity Iostrument ax the"Property."
<br /> � BORItOWBIt COV�NAfVT5 thnt Burmwcr ie luwfully s�ir�ed c►f the estata hcrcby convcycd und haw th��ight to gmnt
<br /> and convcy thn Property and thnt tho Propetty ia unencumbered,except for encumbruncea of recard. Bormwer wamutts nnd
<br /> -�—--_�� will defi�nd geaemlly the dtte to the Property a�ainst nll cinims und demonds,subject to uny encumbrartces of recard.
<br /> THIS SSCUltITY INSTRUMENT combinoa uniform covenants for nndotusl use and non-uniform covenuttt� with `
<br /> - — limited varludons by Judadiction to consdtute a uniform t+ecurlty insuument covering real property.
<br />__.�;r UNIFOItM COVBNANTS. Boaower aad Lender covenant und agree as follows:
<br /> !. Payment of Principal and Interest;Pr�pAyment wM Iate Chprqes. Borrower shall pmmptly puy when due the
<br /> principal of and interest on the debt evtdeaced by the Note and any prepuyment and tate chnrges due under the Nate.
<br /> " 2. bluads tor'l�ces and Gnsurance. Subject to applica6lv law or to a written wniver by Lender.Honower ahait pay to
<br /> ' �� Lender on the duy monthly payrnents ure due under the Nato,untii the Note i�puia in fu1l.n sum("Ftmds")for.(u)yc�rly �
<br />"��' texcs and usscssments which may attain priarity over this 3ecurity Instrument as a liea on the Property;(b)yearly leuschold -
<br /> puyments or grouad rents on the Property, if any: (c) yeady hazard ar property insurance premiums; (d) yearly tload
<br />;�/� insurance premiums,if any; (e) yearly mortgage insurance premiums, if any;und(�any sums paynble by Honrower w --
<br /> J/ Lender.in uccotdance wlth the ptovisions of pamgruph 8,in liou of the payment of mortgago inswance premtums. These
<br /> , item,g e�e ca(Ied "Escrow Items." Lender may.ut any tlme.coUect and hold Funds in ea amount not to exceed the maximum -_..._
<br /> acnount a lender for o federally related mortgage loan may m.�uite for Bomower's escrow account under the fedeml Real —_
<br /> - - Estate Settlement Peocedures Act of 1974 ag amended fc+om time to time,12 U.5.C.$2601 et seq.("RFSPA"),ualess another �-__
<br /> law that applles to the Funds sets a lesser umoun� tf so,Lender may,at any time.collect and hold Fl�nds ta a��amount not to N••
<br /> � exceed the lesser amounG Leacfer may estimate the amount of P1�nds due on the basis of curreat data and reasonubi� ��;_
<br /> "''^ ' �' esdmutes of expenditures of future Escrow Items or otherwise in accordance with applicable law. .;:.
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<br /> r The Funds shall be held In an institudon whose deposlts are insured by a fedcrnl agency, instrumentality.or entiry , , ,�
<br /> �, � :,,. Y:., •T.:,., (including Lender,if L.ender is such an institution)or in any Federel Home Loan Bank. Lender shall apply the F�nds to puy ,
<br /> the g.scrow Items, I.ertder may noi charge Borrower far holding and applying the Funds,nnnually an�lyzing the escrow '�
<br /> .. , ..�R ',, aocoun�or verifying the Escrow Items, unless Lender pays BoTrower interest on the Pbnds and applicabte law permits �4�.•,
<br /> � :,�i: L.ender to make such a charge. However.I.ender may uire Bocrower to pay a one-dme charge for an independent r�eal '��':
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<br /> �-`�7. ::;';. ' estate tax reporting service used by Lender in connecdon w th this loan,unless applict►ble la�v provides otherw�se. Unless nn
<br />- a,F:�.,,t-�:, � L.ender shall not be u�red to ay Bonower uny intenest or
<br /> �. c�greement is made or appUcable luw mquines interest to be paid. �9 P �
<br /> r;-c�^'�;' - " eamings on the Flrnds. Borrower and I.ender may agree in writing,howevcr,that interest shall be paid on the Funds. I.ender
<br />_�.• ����:'�,.' • � � shall�ive to Borrower.without charge,an annual accoundng of the Flinds,showing credlts and debits to the Fundg and the ..
<br /> �__` ,i;��. -�.,}� �:;�' Pucpose fbr which e+u:h dcb;t to the i'unds uas madc. The�nd••are pledged as addi!ional cecurity for pll sums seeumd bY
<br /> ` w`, . ' • • this Security Iasuumen� ° . ,
<br /> ' 1 S�'�'�''� ; ''• If the Funds held by Lender exceed the amounts pe�mitted to be held by applicable law, L.ender shall account to
<br /> '�':x?��:' .� ^ Borrower for the excess Funds in accordance with the reyuirements of applicuble law. If the Acnount of the Funds hetd by
<br /> y.'��;-�;�:,.��:,"� •�. . Lender at any time is not suf�'icient to pay the Escrow Items when due,Lender may so notify Bomower in wridng.and.in
<br /> '�',''' '�' ��' such case Borrower shall pay to Lender the amouat necessary ro make up the deficiency. Borrower shell make up the
<br /> �.,*�,;;�� ''' ���. , deficleacy in no morc than twefve monthly payments.at Lender's sole discretion.
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<br /> ;�pN.,;,,,���,;v�;. .,,� Upon payment In full of aU sums secured by this Security Instrumen�Lender shaU prompdy refund to Bocrower any
<br /> � . ,,,�,,.,..;;;'.,;.3�,;r, Fuads held by I.ender. If,under paragraph 21,Lender shall acyuire or sell the Property,Lender,prior to the acquisltion or
<br /> rS,�,,,••;1.��:;f:.',••.<< sale of the Property,shall apply any Funds held by L.ender at thc time of acquisitlon or snle as a credit a�ainst the sums
<br />? .;�}.:a:�,...�:......,.,�� secuced by thia Security Instrument. .
<br />:�, •:i.:�.Y ;;; • .'; 3. Appllcatton of Hayments. Unless applicable law provides otharwise, all paymants received by Lender under
<br />-� :•,•�,t, ';;,,,.,,,,_;:�£, paragtaphs 1 and 2 shall be applied: first,to any PrepuYment charges due under the Note;second,to amounts payable under
<br /> F. ` ,v,r����t=,,r,��. --�.a pamgraph 2;third,to intcrest due;fourth.to principal due:and last,to any lAte charges duc under the Note.
<br />�t'" � 4. Ch Liens. Borrower shall a ull taxes. avsessments, char�cs, f3nes und impositions attribuWble to the �
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<br /> _ ,�4�q..:�:.�fy..:. , Property which may nttain priority over dus Security Instrument.and Ieasehold payments o�gruund mnts,if any. Borrower
<br /> � , a�:;;:_.-•,-.,,.- ' shaU pay these obligations in the msmner provided in patagrnph 2,or if not paid in that msnner.Boaower shall pay them on
<br />=r� �":..;'•:": "''�t' time dlrecdy to the person owed payment. Barrower shall promptly furnish to Lender all nodces QY amounts to be paid under
<br />- �'"��;�'" �t �'.`�� this paragraph. If Borrower makes these payments directly.Borrower shull pmmptly fumish to Lender receipts evidencing
<br />_� _,Ut��'' • • the ents.
<br /> ,�:'�%; �Bormwe+r shall prompdy discharge any lien which hag priority over this Security Instrument unless Borrower:(a)agrees
<br /> ' "� •�',�'. ``� in writing to the payment of the obligatlon secured by the lien in a manner acceptable to Lender,(b)contesu in�ood faith the
<br />--;�� ' lien by,or defends a�sinst eaforcement of the lien in,legal proccedings wh{ch in the Lender's opinlon operate to prevent the
<br />-- .� ��•� , enforcement of the lien:or(c)secures from the holder of the lien an ugreement satisfuctory to Lender subordinadng the lien
<br /> ' �:'�� � '�°'-"� w this Security InstrumenG If Lender determines that any part of the Property is subject to u lien which may attain priority
<br />"��'r','•E� over t h i s Securiry I ns t r umen t,I.e n d e r m a y g ive Borrower a nc�dce identtf y[n g the lien. Borrower shall sadafy the lien nr tnke
<br /> � one or more of the actions set forth nbove within 10 days of the giving of notice,
<br /> "' �� �� ,: S. Hazard or Property Insurance. Bomower shall keep the improvements now existing or hereafter erected on the
<br /> Property insu�ed against loss by fire.htizards included within the term"extended coverage"and uny other hezard�,inctudinB
<br /> •. �. floods or flooding,for which I.ender requires insurance. This insurance shall be muintained in the amounts and far the
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