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<br /> 'fOQrTIdER VJI'fki�ul!the impro�cmenGV n�w oa hcnafter crectrd ou tlie prap;.rty.nnd ali easrment�.eppu�ten�aces,
<br /> and tlxtures aow or herenfter p pert oP tho pniQe�ty. A11 xepleccmm�nte und addidone shall also bc coverai by Uria 3ecudty
<br /> Inetrua�n� AU of the fone�oing Is etifere�ed to in thls Sec�uiry Iastrument as tha"Property.,'
<br /> BORROWER.COVENANI'S thet Borrower ie tawFully seiaed of the estate henby.conveyed and has the right to grant
<br /> rnd caavey the Pro au�d that tbe Property ie unencnmbered,except for encumbrancea of rceord: Sarrower wertants and
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<br /> wiil drfeac!general y the titk t,o the Prop�ty�gainat aU claims aad denuads,sub�eM eo aay encumtxar,cea of recore.
<br /> 'R�IS SF�UItTPY IN9T1tUMEN'f�nmMnes uniform covenents for national use and aoa•uniform covenanta wIW
<br /> limltM v�riuUona by juriadlcdun W constitute a uaifoim aecurity�insttument covedng�eal pmperty
<br /> L7I�IIFORM(70VSNAN7'S. Botrower aad Lander covenant and ngree as foltowa:
<br /> l. Pl�ya�ent d Priadpal atK1 Inttnstp Pt'oWYm�nt an�Late Cb�egee. Borrower shnll promptly pay whtn due the
<br /> pslncipal of and i�terest on the debt evldenced by W�Nou aad any pnpayment and laro charges due under the Nota.
<br /> �. Funds for 11ues a�Iqsurnnce• Subject to applicable law or to n written waiver by Lender.Borrower shell pay to
<br /> Lender an the day montbly paymenta sue dua under the Note.unW the Note is pald in full.a sum("Funds")for.(a)yearly
<br /> taxes aad assessments whicd may attein priority over ttda Securtty Iasonu�cent as u I�eA on the Pmperty:(b)Yearly leasehold
<br /> payrneata or�+ouad rents on the Property. if anY: (c) Yearly hazerd or pmperty inaura�stx ptemfuami (d) y�Y �on�
<br /> insurance premiums. if aay:(e)yESarly mortgage insuzance premiums, ff any;and(�any sums payable by Hono�rer to
<br /> LeAder.In accordauce wjth the ptovlsiona of paragraph 8.Ia Ueu of the paymeat of murtgage iaswanca premiuma• 7'hese
<br /> Items are called"Fscrow Iteras." Lender aiay.at any tlme.collect and hold Fuads in an amount aot to axceed the maximua►
<br /> emount a tender for a federaUy related mortgage loan may requim for Borrower's escrow account uader the federel Rea1
<br /> Estate Settlement.Procedures Act of 1974 as amended Gom time to tIme.12 U.S.C.§2601 et seq.("R�SPA").unless another
<br /> la�v that applies to the PWnda sets n lesser amo►�nG If so.L.ender may�at any Hme,coAect aad bold Funds in an amount not to
<br /> exceed the lesser araoun� L.ender rasy eadmate the amnunt of Punds dus oa the basis of curnat data and teasouable
<br /> esdmates of expeatdidues of future Essrow Itetns or othen�+Ise in acaoNaace witlt applicable law.
<br /> The Phnds 'shell be held In an insdtution whose deposits are iasured by a federal ageacy. instivmentality,or endty
<br /> (including T.ender,if Lectder is snch aa institutlon)or in any Pederal Home Loan Bank. L.ender shall npply the Funds to pay
<br /> the'�scmw Iteieps. Lender mny not cherge Borrower for holdin� aad applying the FLads.annually analyzlag the escrov�+
<br /> ercount,or vetifying th� &crow Items,unless I.ender puya Botrower iatemst on We Fuads aad applicable law pemiits
<br /> Lender to make auch a charge. However.Lender may require Bolrower to pay p one•Ume charge for an independent real
<br /> estate tax i+epors�a�servtce used by Lender in connecflon wiih this loan.unless appllcat�le law pmvldes otherwfse. Unless an
<br /> agreemr.nt is mad�or applicable law rcquires intcrest to be paid,Lender shall not be required w pay Borrower any interest or
<br /> earningn an the Funds. Borrower and Lendor may apee in wrlting,however.that interest shnq be paid on the Funds. Lender
<br /> ahall give to Borrower.without charge,an anaual accounting of the Pt�nds,showing credlta end debita to the Ftmds abd the
<br /> putpose for which each debit to the Funds was made. 7'he�nds are pledged as addItionel securlty for all smns sectued by
<br /> this Sa-urity itistnuu�t.
<br /> If the Ft�nds heid by Lender exceed the wnounte permitted ta be held by applicable law. Le.nder shall account to
<br /> Bonnwer for the excess Funds in accardenca with the requirements of applicable law. Yf the amount of ttte Funds held by
<br /> Lender at any time is not suf�icient to pay the Escrow Items when due,Lender may so notify Borrower in wril3ng,and.in
<br /> such cese Borrower shall puy to I.eader the amount necessary to malce up the deticiency. Botrower sdell make up the
<br /> defioiency in ao more thaa twelve montlily payments.at I.ender's sole discredan.
<br /> Upon payment fn fuU of sU sums secured by this Security Insuumen�Leader sheU promptly refund to Boreower any
<br /> Funds held by Lender. If.under pamgraph 21.Lender shaU ncquire or sell the Property.Lender�prlor to the a�quisIdon or
<br /> sale of the Prope�ty.shaU apply any F1�nds held by L.ender at the Hme of acquisIdon ot r,ale as a cmdit against the sums
<br /> sectu+ed by this Securlty Instrumen� �
<br /> 3. Applic�tion of Payaeeats. Ualess applicable Iaw provides otherwise, aU paymenu �ece�ved by L,ender under
<br /> paragaphs 1 and 2 shall be applled:ftrs4�any prepaymont charp,es due under the Note;second,to amounts payable undet �
<br /> patttgiaph 2;third,to interest due;fourth,to princlpal due;and las�to any late charges due nnder the Note. �'.
<br /> 4. Chu'ges; Liens. Borrower shall pay aU taxea.assessmeats,charges. fines and Imposidons attrlbutable ta the
<br /> property wh�ch may aitaln pdority over ttl�is Securlty Insuuraen�and leasehold payments or groand rents,if any. Bomower {''�
<br /> shall pay these obligations ia the manner provlded in paragraph 2,or if aot patd in that munrter,Sorruwer shetl pay them on '��T
<br /> , t: etme djcecdy to the person owcd paymsn� Borrower shall promptly furnish to Lender all notices of amounts to be patd uncler ,�'�;
<br /> � this pa�agreph. If Bornowet'�Akes these paymeats direcdy,Barrower shall pmmptly fumish to Leader receipts evidencing �r;;,:>
<br /> thc paymeats. .�`.
<br /> Borrower shall pmmpdy discharge any llen which has pdorlty over tthts Securlty Insuument unless Borrower.(a)agrees ;,;'��.
<br /> '�, in wridng w the payment of the obllgahon secured by the lien in a manner accepcable to Lender,(b)contest�tn good feith the :'4
<br /> l�en by,or defends ageinst enforcement of the lien In,le�al proceedinga which in the I.ender's opinion operate to prevent the '�a
<br /> enforcement of the llen;or tc)secures from the irolder of the lien an agreement satis factory to L.en d er su b o r d i na t i ng the lien .
<br /> to this Sesurity Inswment If Lender determines that Any part of the P�operty is subject to a lien which may att�in prlorlty
<br /> �' �,;; over this Securtty Insttument,Lender may give Boaower a nodce identlfytng the lien. Borrower shull sadsfy the liea or tsice
<br /> one or more of the actlons set forth above v�nth�n 10 days of the giving of aotice.
<br /> 5. Ha�tard or Pi+operty Inswance. �ormwer shall keep the improvements now existing or hereaflter erected on the �
<br /> P�opeRy insured aga�nst loss by tire,hazerds included within the tema"ectended covernge"and any other hazards,including
<br /> t�oods or flooding.for w�ich Lender requires insu:ance. This insurance shall be maintained in the amounts and for the
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