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<br /> � T'p(3ETNEYt WiTH all tho impmvemenW��nw ar hereaftea eroctod on!�e Property. and�i!r�jm'dlfti;���oo�,� .
<br /> tixturcs na� or hereafter a part uf thc �raperty. AtE repla�rmencs r�n�t uddltians shait alsa be covere�i t�y thls �ecurlty
<br /> ''�'�`�"�'�''s'�' InsWment. All of u�a forcgotng is rcfcrrcd ta in tlde;3ecurJty(���tj�tlt�nt us the"Prupestiy."
<br /> -- -- BnRRt1W�R COVNNANTS that flarrower in luwfullj�sciswd:p!tha estate heretry cunvayect nncl he�s the c�ight to grant u�x1 ' �
<br /> �- convey tho �roperty und thut the Pr+ap�rty iR uncnrumb4red, exct�tit for ect��umbrancts oT temnl.Barrowrt w�rrants�ux1 wiU
<br /> defend generaliy the tltle to the Pmperty ugainst ull clatms u►td demunds.subJr.ct to any encumbrasices�f reeord.
<br /> T'H1S SECURI'TY INSTRUM�NT combinag ui�ifarxn,C�venanta for twdon�l usc and non•unifcfa'm s4vsnants with limited
<br /> ____� varintions i�y jurisdiction to wnstituFe u unifatm security.inst�uqnent cavering reai praperty.
<br /> UNI�ORM COVENANTS.Barrower w�d I.ender wvenaJ�t,nrxi ageee as foliows: �
<br /> 1. Paymcrt!o!Prlttctp�l And Interesu Prepityment tu141 Late CE�strge�. Borm�ves eha11 promptly pay when due the
<br /> pr�nc3pal of and inte�est on the debt evidenced by the Noto and any prepuyment and late cherges due w�der the Note.
<br /> - t. FLnds Sar Taxes end Insutauce. Su�ject to uppltcablq.taw or�to a written waiver by I.�nder. Aarrawer shall pay t�o.
<br /> Lender on tho day monthly payments ure due under tha Note,un#u.th�,,Note is paid in�Lll,n aum ('Funds")for:(a)ytarly taxes
<br /> ond assessment�which mny attain prlority over thia Security Inst�ume�t ns a lien an We Property; @)yearly leasehold peymente
<br /> � or ground rents on the Property.if nny; (c)yearly huzurd or pmperty��insurahc�premiwps;(d)yeauly flood bisuraace premiums,
<br /> if any; (e)yearly mortgage insurnnce preriuutas. if any; and(f;1 any sums payable.by.Borrowcr to Lender.In accordartce with
<br /> '°-° — the rovlaions of ara ra h 8.in lieu of the
<br />„� p p g p p�yment pf mprtgege insurance prernfuu�s.These items are called "Eserow Items."
<br /> Lender may,at any time. collect and hold Funds in nn.am�qiutt,uot to exceed th�,maximum amount a lender for a fedemlly
<br />_ - related mortgage loan�uuy requice for Bortower's escrow a¢�ount under the federal Real Estate Settlement Procedutes Act of
<br /> - 1974 s�s amended from tlme to dme. 12 U.S.C. Sectian 26A1 at seq.("RESPA"),uNess another law that applIes to the Funds
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<br /> --- = sets u lesscr aaeount. If so. Lender may.at nny timc,c�!►t�ct and hold Fund.4 in an amoum ru�t u► eaceed the lesser amouat.
<br /> "'��' '�'-��'!' I.endcr muy estimate the amount of Funds due on the bt�5ie of currcat data and mssonable esdmates of expenditures of tbturo
<br /> Esem.. Tterns or otherwise in accordance wlth appltcabla,law.
<br /> - The Funda shall be held in an institutian.whasa deposiu are lnswed by a federal agency. iacwmentality. or enuty
<br />--- (includiag Leader,if Lender is such an instituttan)ar.�n any Federal Home Loan Bank.Lender shall apply the Funda to pay the
<br /> �, F.�crow Items.L.ender may not char�e Harrowec fon c�►Iding and applying the Funds.annually analyzing the escrow account.or
<br /> veritying the Escrow Items,unless Londer pays Bor�ower interest on the Funds and appllcable law permits Lander to make such
<br /> a charge.However. L,ertder may require Borrawer to pay a one-time charge for an independent teal estate tax reportl�ng serv'ra:
<br />�:y, used by Lender in connectton with this loan, unless npplicable law provldes othenvise. Unlas an agreement is made or
<br /> ' applicable law requires interest to be paid, Lender shall not be require�l to pay Botrower any interest or eamings on tha Funds.
<br /> Borrower and Lender may a�ree in writing,haweNer.thut interest sh�ll be paid on the Funds. I.ender shali give to Borrower.
<br /> - __ - , wtihntti c1�rgQ. at� ann�+�i ncc�unting of the Runds. showing credits and debits to the Funds and the pwQose for which each .__
<br /> � debit to the Funds was riiade.The Funds nro pleulged as additional secudty far ali sums secured by this Security Insmiment.
<br /> If the Funds held by Lender exceed the iunounts permitted to be held by applicable law,Lender shull account to Borrower =_
<br /> for tha excess Funds in accordancc with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> -H time is not sufficient to pay the 8scrow Items when due,I.ender may so notify Sorcower in writing,and.In such case Borrower
<br /> � shall pay to Lender the amount necessary to m�ke up tfie deficiency. Borrower shalt make up the deficiency in no more thaa --
<br />_ twelve monthly payments.at I.ertder's sola discretion. -
<br /> Upon payment in futl of all sums•secured by this Scxurity lnswment. L.ender shall promptly refund to Borrower any
<br /> - Funds held by Lender.If. under paragraph 21,L.ender shell acquire or sell the Property, Lender, pdor to the acquisition ar sale
<br /> of the Property. shull apply any Funds held by Lender ut the time of acquisidon or sale as a crcdit against the sums secured by
<br /> _� thisSecudty Instrwnent.
<br /> _ 3.Appl[cation of Payments.Unless applicable law provides otherwise,all payments received by Lender under parn�caphs -_
<br />, ' 1 and 2 shatl be upplied: fir�t.to a�ty prepayment charges due under the Note: second,to amaunts payable under paragraph 2; __
<br /> third, cu interest due;fourtt►,to principal due;and last,to any latc charges due under the Note. _
<br /> � 4.Churgest Ltens. Ban�nwsc sheli pay ull texes,assessments,charges,fines and impositions amibutable to the Property Q= .
<br /> � ``��^ , � which may attein priority over this Security instrument, and leasehold payments or ground rents, if any. Borrower shall pay
<br />` r.�;'��:°,..:�;i. -s
<br /> thesc obligations in the manr�¢c provided in parasraph 2.or if not paid in that manner. Borrower shall pay them on time directly __
<br /> � �'��� ���'�-`•• to the perscm owed payment.�rcuwer shall promptly furntsh to Lender alt notices of umounts to be paid under this parngrnph. ;-_
<br /> 'n %.! If Borrower makes these payments direct(y,Borrower shaU pmmptly furnish ta Lender receipts evidencing the payments. -.
<br />.=„��•��;_;•`=�-';:• Borrower shail prompdy discharge any lien which has prioriry o��er this Securiry instrument unless Borrower:(p1 agrces in °
<br /> - �'''ti>;;�a�� writin�to the payment of the•obligution securai by the lien in a manner accepwble to Lender,(b)mntests in�ood fuith the lien t��•
<br /> ' S'�-_'-�:';_'�:;; by.or defends aguinst enfarcement of the lien in. legal proccedings which in the Lender's opinion operate to prevent the �� _
<br /> ��''���;':i- -: enforc;ement of the lien;or(c)secures from the holder of the licn un agrcement satisfactory ro Lender subordtnatin�the lien to '"
<br /> • ���'��y�� � this 5ecurit Instcument. If L.ender determines that an art of the Pro rt is sub'ect to n licn which mu attain riorit over
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<br /> � ;,,���,����, • - this Security(nstn�ment, l..ender may�ive Borcower a notice identifying the lien.Borrower shal l sutisfy the lien or tuke one or
<br /> ' `��` " more of the uctions set forth above within 10 duys of the�ivins of notice.
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