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<br /> mvemeats now�r herraiiter crectad on the raperty.snd'alt Mscm�enta`j �rie nces.am1
<br /> �Qf�k�THBR WITfi alt the jmp a
<br /> fistures now or hereafter A ptut of the property. All replscements ansl addidong etiul! ulso he cover�d by this Securjty
<br /> Instnunent.A!1 of the faregoing ie rcfcrrcd to jn tt�is Securlty Instrumens as the"Property." ,
<br /> BORROWER COVENANTS thnt Borrower is tawfulty sclsed af the esmte hcrcby conveyed und has Qte right to gmnt und
<br /> convey the Property nnd that tha F'coperry iR unencumbered. except for encumbrances of recflrd. Borrower w�ants und will
<br /> defend gencrolly thc title to the Property ngainst all clalms und demands,subjoct to uny encumbrnnces of a�cord.
<br /> THIS SEGURITY INS'fRUMEKT con3bines unlform wvenants for national use tind n�n•unlform cuvenants wlth limited
<br /> vnrlutioas by judsdiction to constItute a uniform sc�uriry iastcument covering r�eal property.
<br /> UMFORM COVENANTS.Barrowor and Lendcr covenant and agnx as follows:
<br /> i. P�yment ot Priacipal aad Intee�est; Pnpayment end Ls�te Charges. Borrower shall prompUy pay when due the
<br /> principal of and interest on the debt evideaced by the Note and any prepayment acid late charges due under the Note.
<br /> 2.Funds tor Texes and Iayvranax. Subject to applicabte law or to u wrttten waiver by I.eader. Borrowcr shal! Qay to
<br /> Lender on ttte day monthly pay�nents are due under the Note,until the Nate is paid in full.u sum("Funds')for:(a)yqtiy taxes
<br /> c�r�d assessments which mny atmin prior�ty o�er this Security Instrument as a lien an tho Arapei4y:(b)yearly leaseh�ld paymenu
<br /> or gmund rents an the Pro�eerty. if any:(c)Yearly hazard or pmperty insurance pr�emiums:(d)Yeariy flood insnranoe preiniums.
<br /> if any:(e)yearly mortgage insurance pnmiums,if any;and(fl any sums payable by Sonower ta I.ender. in accordance with
<br /> the provistons of ptuagraph 8,in lieu of tha puyment of mortgabe Insurance premiums.Thes�Items are called"Bszrow Iteins."
<br /> Ler�er may. at any tlme, collect and hold Funds in un amount not to exceed the mnxtmum amount a lender for a federally
<br /> rdued mortgnge loan may rcquire for Horrower's escrow uccount under tha fe�eral Reul Estate Settlement Procedures Act of
<br /> 1974 as amended fmm dm�ro time. 12 U.S.C. Section 2601 et seq. ("RESPA").urdess another law that applles to tke Funds
<br /> seis a lesse:amaant. If so. Leader snay, at any time, collECt�nd hoid Funds in an arnount not to excet� the(esser amount.
<br /> Lender mAy escimate the amount of Funds due on the basis of current data and cessonable estimates of expenditures of fl►ture
<br /> Escrow Items or othenerise in accordance wtth applicable law.
<br /> The Funds shnl! be held in an instituti�n whose deposits are insured by a federal agency, instcumentality. or entity
<br /> (including l.ender.if Lender ia such an institution)or in any F�:rai Home Loan Bank.I.ender shall apply the Funds to pay the
<br /> Escrow Items. Lender may not char�c�orrower for holding and applying the Funds,annual[y analyzing the escmw uccount,or
<br /> verifying the Escrow Items.ualess L.ender pays Bomower interest an the Funds sind applicable law permlts[.ender to make sucti
<br /> a charge. However.Lender may require Borrawer to pay a une-time char�e for an independent real estute ta�c reporting s$rviee
<br /> " used by Lender in connecaon with this ban, unless �►ppiicable luw provides atherwise. Unless un agreement is made ar
<br /> applIcable law requires intsrest to be paid.L.ender shall not be required M pay Burrower any interest or eaminss on the Funds.
<br /> .•.�. ��s�. Borrower and Lender may agree in writing, however.that interest sha�l be paid on the fiunds. Lender shall give to Borrawer,
<br /> ' •"� � �ithant rharge. at1 4lnn�l7� :lcrnunting c�f the Funds, showinc credits and debits to the Funds and the purpose for whlch each
<br /> , . ;� ,. debit to the Funds was made.The Funds are pledged as additional security for all sums secured by this Securiry Instrument.
<br /> , ;t;��; Tf the Funds held by Lender exceed the amounts permitted to be held by uppltcable law. Lender shall account to Borrower
<br /> � ��,,�*��� for the excess Funds in accotdunce with the requiremenu of applipble law. If the amount of the Funds held by I.ender at any
<br /> �'�.;'�., tlme is not sufficient to pay the Sscrow Items when due.Lender may so notify Borrower in writing,and,in such case Borrower
<br /> �K�•;4 M .l..'�.,^� 4
<br /> >•:.��, Ya;�,;,tr ,.7 shall pay to i.ender the amount necessary to make up the deficiency. Borrower shall mtke up the deficiency in no more tht�n
<br /> ' '4'''�`i�'�"`���'"" twelve monthly payments,at Lender's sole discretion.
<br /> : 'r. :•.� 'a
<br /> �'�` Upon payment In full of all sums secured by this Serurity Inst�ument, I.ender shsill promptfy refund to Borrower any .
<br /> �_,.aN ,_�..
<br /> , -,•.�:''� -�"^;� Funds held bv Lender. If, under paragraph 21,Lender shall acquir�e or setl the Property. Lender,prior to the acquisition or sale �;.,
<br /> of the Property. shall apply any Funds held by Lender at the time of acquisition or sale as u credit against the sums secured by '•�
<br /> �r.
<br /> �v ; this 5ecurity lnstrument. �'"
<br /> 3.Appltcatioa oY Payments.(Jnless applicable law provides otherwise,aU paymen�s received by L.ender under paragraphs �
<br /> 1 and 2 shall be apptied:first, to any prepayment charges due under the Note; second, to amounts payuble under paragraph 2; ��
<br /> third.to intemst due:fourth,to principal due:and last,to uny lute churges due under the Note. ��-�
<br /> 4.Charges; Ltetts.Borrower shall pay all texes,assessments.charges, fines and imposttions attributabte to the Property
<br /> , � ���� which may attain prioriry over this Securiry Instrument, and leasehold paymen�s or ground rents, if any. �3orrower shall pay tr'�;
<br /> t; ,,,; ' these obligadons{n the mstnner provided in par��raph 2,or if not paid In thut manner,Borrower shall pay them on time dimcily *s.::-
<br /> ��'�4���^�3� to the person owed payment.Bormwer shatl promptly furnish to Lender all notices of amounts to be paid under this paragraph.
<br /> � ���`�r� If Borrower makes these pa��ments directly,Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> '�`"�}r Borrower shalt promptly dischar�e nny lien which has priority over this Security Tnstrument unless Bonower: (a)agrees in
<br /> ��..,:.,z,
<br /> ;,."�!'!,°t;�;;�., writing to the payment of she obligation secured by the lien in a manner acceptable to Lender;(b)contests in�ood faith the lien
<br /> r`�%{:�;�'?;:��s• by, or defends against enforcement of the lien in, le�al proccedings which in the Lender's opinion operate to prevent the �;;
<br /> o.; ,.,F��,:, ',;,..
<br /> • �«:�;;�� enforcement of the Ilen:or(c)secures from the ha�der of the lien un agrcem.ent�atisfactory to Lender subord'enating the lien to .
<br /> ±� ''�•'�f.�' this Security instrument. If Lender detecmines that any part of the Propeny is subject to� lien which muy attain priority over
<br /> ' ��=`%�t�'%^�^ this Setudty Instrument,L.ender may give Borrower a notice identifying the lien. Borrower sfiail 9atisfy the licn or take one or
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<br /> }' :�.����•:`;; more of the ttctions set foKh above within 10 days of the giving of notice.
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