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<br /> TOUBTHBR WlTH-�ii�he lmprovana�ta now or l�er erocted on the ptopa4y.wd al�eMa��MI��.
<br /> flxturcs �xrw ur hereaftrr a Mrt af tho pcapercy. AI! rcplsctmer►ts and nddidons slull dw be cctvered b'�'cbis �irky
<br /> instrumci�t.All of thc furcgoiog is rcferrcd to in�his S:ciirity Instninxnt�A tha"t'roY,erty."
<br /> HdRRpW�R CUV�NA['�[TS that Borrovutr is lawfullY sctsed of thc estate htreby conveyeci und has tho right tn�gc�nt and
<br /> tbnvey�the Pruperty end Phat �he Prnperty is un�ncumberod. except for ena�mbr�nces of raor+d. Bormwer wuruua.�! wiU
<br /> defencl gennrally the tltle t�the Pru�erty ageinst ull claims and tlemands.subJect w any Cncvmbrnxa�of racotd.
<br /> THIS SECURITY INSTRUMBNT comhlnta uniform covenants for natianal use ud non-unifarm cavenanta with limitnd
<br /> variatfons by�uri!uiiction to oanstttute a uniforn�secur�ty inst�cument wvedag rea!property. -�
<br /> UNiF4RM COVEt+1ANT�.[�orrowcr wKl lw:+uice tovc�u oiul agr�,e as fallot�s:
<br /> 1. Awbent of Peindp�l�nd intertat: Pe+epsYment u�d �ate C6ary{es. Bormwer sh�!! promp¢�Y P�Y when due the
<br /> prtncipul of and interest on th�e debt evldenAOd by tho Note and any prcpayment and lete charges duc under tho Idote.
<br /> 2. Ehnils Cor Taxes�nd Insurarrce.Subjett to applicubta law or to s written waSver by Le�xler.Borrower shill pQV to
<br /> Lendea on the cQ�y monthly payarents ure due under the Note.nntil the Note is psild in tiill,A sum�"Funds")f,r: (a)y¢uly taxes'"" �
<br /> 1 p
<br /> end assessments whlch mAy attain priority over this Security Insuument sis o lten on the Property:(b)yearly teasehold p�yo�cnts..
<br /> or ground reuta o�t 11te Property,if uny:(c)Yearty hazard or pmperty insamnce premiums:(d)yearly flood insurAnce�+remium�,
<br /> if eny: (e)yearly mortgage insurunce premtums, if eny;snd(�any sums payable by Boerower to i.ender. in accardance wIth
<br /> the pmvis[ons of paragraph 8. in lieu of the puyment of martgage insurancc premjums.Thesc Items aro catlnd"Escrow Items."
<br /> L.c►Kler may, at any dme. collect and hold Funds in an amount rtot to exceaY th�maximum u�nount a lendtr for a faierally
<br /> related mortgage loan may require for Borrower's escrow account under the federal Reat�state Settlemeut Prooaluscs Act af
<br /> 1974 as amended from time to tlme. 12 U.S.C.Section 2601 e�seq.("RESFA"). unless anather law that ap�es to the F•l�ncis
<br /> setg a lesser amount. If so,I,ender may. at c�ny time. collect and hold Funda in an amount not to excca!tho�lesser amouat. �
<br /> I.ender may estiznate the amount of Funds due on the bnsis of curreat data and t�easonable estimates of expenditures ot futuro
<br /> Fscrow Items or otherwlse in accoxdance wtth applipble law.
<br /> The Funds shall @e held in an institution whose deposits are insured by a fedcral agensy. instiumenteitty, or�ntiry
<br /> (including l.ender. if Lender is s¢ch un institution)or in aay Pederal Home Luan Bank.Lerrder shall apply the Funds to pay the
<br /> Fscrow Items. Lender may not charge Borrower for holding and applyin�tha Fuads,annually analyzittg the esarow acoouht,or..
<br /> verifying the Escrnw Items.unles.s Lender pays Borrower interest oa the Funds and applicabte law peazni�s Lender to�nake such
<br /> a chazge.However.l.ertder may require Borrower to pay a one-time charge for an independent reai estate tax reporting servla '
<br /> usod by Lender in connection with this loan, unless npplicable law provides othenvise: Unless an egrcement Is a�de or
<br /> applicabte law requires interest to be paid.Lender shall not be requIred to pay Borrower any intet�ess or earnjngs on the Fw�ds.
<br /> Bonower and L.ender may agree in wddng, however,thut inter�at ahall be paid on the Funds. l.ender shall give to Borrower,
<br /> without charge,an annual accountin�of the Funds. ahowing cre�lts and debi3s to the Funds and the purpose for which each
<br /> debit to the Funds was nlade.'lUe Funds are pledged as additionai seruriry for ali sums secvred by this Sccuriir iratrnn�►i�.
<br /> If the Funds held by Lertder exceed the amounts perntitted to 6e held by applicabie law.I.eader shaU account to B�rrower
<br /> for the excess Punds In aceordance with the requie�ements of applicable law.If the a�nount of the Funds held by Lender at any
<br /> t�me is not sufticient to pay the Escrow Itema when due.Lender may so notify Borrower in writing,autd,in such case Barnower
<br /> sha1S pay to Lender the amount necessary to make up the deficiency. Borrower shall meke up the Aeficlency in no more than
<br /> twelve monthly payments.at Lender's sole discretion. .
<br /> Upon payment in full of aU swns secured by this Secwity Instniment. Lender shall promptly refuad to Borrower any
<br /> Funds held by Lender.If,under para�raph 21.Lender sltall acquire or sell the Property.Lender.prior�to the acquisition or salo
<br /> of the Property,shall apply eny Funds held by Lender at the time of acquisidon or sale as a credit against the snms secured by
<br /> thfs Security Instrument.
<br /> 3.Appifcation of Payments.Unless upplicablc law provides otherwise,ull payments recelved by Lender under paragraphs
<br /> 1 end 2 shnll 6e applied: tirst.to any prepayment chnrgcs due under the Note: sernrtd,to amounts payable under.paragraph 2;
<br /> third,to Interest due;fourth,to principal due;and last.to any lute charges due under the Note.
<br /> 4.Char�es; Llens. Borrower shall pay all taxes.assessments,charges, fines and impos[dons attributeble to the Property
<br /> which r.�ay attaln priority over this Securiry Instrument, and leasehold payments or�mund rents. if any. Borrower shall pay
<br /> these obligatlons In the manner provided in paragraph 2.or if not paid in thut manner. Borrower shall pay them op dme directly
<br /> to the person owed puyment.Borrower shall promptly furnish to Lender all notices of umounts to be pald under this paragraph.
<br /> If Borrower makes th�e payments directly.Borrower shall promptty furnish to Lender receipts evidencing the puyments.
<br /> Bottower shall promptly discharge any lien which hns priority over this Security Instrument unless Borrower:(a)agrees in
<br /> � ��+���. wrltin�to the payment of the obli�ation secured by the lien in a manner acreptable to I.ender�(b)contests in good faith the Iten
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<br /> - � •t:�-;;r. by, or defends against enforcement of the lien in, lega� proccedings which in the I.ender s opinion opernte to prevent the
<br /> � ���� enforcement of the lien; or(c)secures from the holder of the lien a�i ugreement satisfactory to Lender subordinating tha lien to
<br /> AR- ri
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<br /> ^l:` N{:;�;, this Security Inswment. If Lender determines that any part of the Property is subject to a lien which may attain priority over
<br /> ;,: '-�`r � '.� this Secudry Instrument. L.ender m�y give Borrower a notice identifying the lien. Bonower shall s�tiafy the lien or take one or
<br /> ,:._,::,•_..
<br /> " {'°':�::::�, more of the actions set fotth nbove withln!0 days of the giving of notiee.
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