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<br /> - - TQtC3�3'kiER WETIi all thc imrrQVem�nts�vr�qr h��aftcr erect�d ar�thc pro�rty.nnd nll eas,^,menGy,a�urte�iancr9, ,
<br /> n»d fixtures now or hereaf�er re part of the pmperty. All rcplwcements and additiotts ehall alxo be covered by this�cwrity
<br /> Inatrument. All of the foregoing is refertcd to in this Secudty InaMunent us the"Sraperty+."
<br /> BORROWEit COVENkNTS that Borrower ia lawfutly seis�ed of tho estate t�eroby coavcyed and has the right to grant
<br /> und convay t,t�e Property and that tha Property is unencumbered,except for encumbrancos of record: 8wrower waitants ond ,
<br /> wiU defend gsneratly iha dtle to the Property againet e!1 cldma and demAnda,subject to any encumbsancea of recard•�,
<br /> TFiTS SF.CiIRITY INSTR(JMBNT combinea uniform covenantx for national use And non-uniform covenants with
<br /> 1laAited varlations by jur�sdicdan w consN�ute s uniform securiry inatrument cuvering reui pmperty.
<br /> UNIFORM COVBNANTS. Borrowtr and Lenderwvenant and agree as follows:
<br /> 1. Paynient oi PelndpW and Int�resti Przpayment and Late Chergea. Hrnmwer shal.l promptly pay when duo ct�e
<br /> princlpal of and intemat on the debt evidenced by tho Note nnd any pzepaymeat and lau cherges due uudcr the Noto.
<br /> 2. k�nda for 41�xes And InsurancG Subject to eppllcable law ar w a wrItteu waiver by Lender.Boaawer xhall pay to
<br /> Lender on the dny monthly payments aro due under the Note.un�l the Note is paid ia full,a suae("Fbnds")for.(a)yearly
<br /> teues and essessments whicu may attain prtorIty ovcr this Sccudty Inamunent as a liea oa tba Ptoperty:(b)yearly leaschold
<br /> ay�uents or ground �+ents on the Property, if any: (e) YcarlY hazxrd or pmperty insurance pnmiums; (d) Yearly ilood
<br /> cu
<br /> nsurance preminms. if any:(e)yeariy mortgage insurauce premfums,if aay:and (� any suma payable by Hocmwer to
<br /> Lender.in accordance witb the ptovtsians of paragraph 8,fn lieu of the payment of mortgage inswrtnce pnmiums• 'These
<br /> items are called"Fscrow Items:' Lender may,at any dme,collect aad hold Funds in aa amount not to exceed the maxirau�
<br /> emount a lender far a federelIy related mortgsse loaa may require fot Borrower's escrow account under the federal Reat
<br /> Estata Settlement P[acedures Act of 1974 as amended from dme to tlme,l2 U.S.C.§2601 et seq.("RHSPA"),unless another
<br /> Iaw tlwt appUes to the Funds sets a lesser amount If so,I.ender may.at any time,coUect aad hold Ptrnds in au amount not to
<br /> exceed the lesser amouat Lender may estLnate the amount of Funds due an the basis of current Jata aud reasanable
<br /> esflmates of sxpendiwres af future Escrow Items or otherwtse jn accordance vvith applicable Iaw.
<br /> ��'• .�.. The ifunds shaU be held in an institntion whose deposlts ere iasured by a federal agency. inatrumentaUty,nr entity
<br /> `�i5'�`' ���' '� (ittaluding Lender.if Lender is such an iasdtudon)ar in any Federal Home Loaa Bank. Lender shall apply the Funds to pay
<br /> „ ,�,_,;. the Escrow Items. Lender may aoi cherge Bocrower for holdlag and applying the Funds,annuaUy analyzEng the escrow
<br /> ,�.�-�,�, : .y:•.
<br /> ,�,� ,- account, or vedfying the Escrow Items,unless L.ender pays Harrower interest on the Pimds aad applicable law pe ta
<br /> ���,'�`.L I.ender w make such a charge. However.Lender may�equire Botrower W pay a one-t l me c harge for an in d e p en d ent real
<br /> ' �;��'�:;...,...,. . .�
<br /> S �b estate tax repordng service nsed by Lender ia connection with this loan,unless applleable law provides othenvlse. Untess na
<br /> r;.,,,�.�� � ��'�`��'�' ugrecment is made or applicable law reyuIres iaterest to be paid.I.r.nder shall not be require�to pay Borrower any interest or
<br /> r=:s;.`�;';�,'• �� ::' esrnings on the Funds. Borrower and Leader may a�in writin6,however.that interest sha11 be paid on the PWnds. Lender
<br /> �•::;;`• ` shall give to Borrower.without char�e.an annual accounting of the blmds,showing credits and debits to the Funds and the
<br /> - .� • � purpose for which each debit to the Funds was made. 'C'he Funds er�pledged as additional s�urlty for all sums secured by
<br /> �:�x.;-..,,.5� . ,. iltie Secssrily lus�nt
<br /> lf the Fl�nds held by Lendec exceed the amounts pemritted co be held by applIcable l�w, Lender ahaU accouut to
<br /> • . Bomower for the excess Funds in accucdance with the requlrements of applicable law. If the amount of the Funds held by
<br /> Lender at any dmc is not sufticIent to pay the fiscrow Items when due,I.ender may so notify Borrower ia writin�.and.in
<br /> � � such case Borrower shall pay ro Lender the amouat necessary to make up the deficlency. Bonower shall make up the
<br /> � deficIency ia no more thact nvelvc monthly payments,at Lender's sale discntion.
<br /> • � . Upon payment in full of all sums secuird by this Securlty Instrumen�Lender shall promptly refund to Borrower any
<br /> ;. „ Funds held by I.eader. If;under paragraph 21,Lender shall acquire or seU the Property.Lender,pnor to the acquisirion or
<br /> sale of the Pcoperty, shall apply any Funds held by Lender at the tirae of acquisition or sale a5 a credIt egainst tha sums
<br /> secuced by this SeciuIty Insuument.
<br /> "'' ` '^���"`'' 3. ApplEcatton of Paymente. Unless applicable law prov{des otherwise. aU payments received by L.ender under
<br /> ` , �� para�caphs 1 and 2 shall be applled:GrsG to any prepayment charges due under the Note;second.to amounts payable under
<br /> � � , paragraph 2;third.to intecest due;fonrth,to principal due;and last,to any late chnrges due under the Note.
<br /> ••� 4. Charses; Liens. Borrower shall pay all taxes, assessments, charges. fines and imposidons attributable to the °
<br /> ' Property whlch may attain prlodty over this Security Instrument,and leasehold payments or ground rents,if any. Borrower
<br /> ". shaU pay these obligatlons in the manncr provided in paragraph 2,or if not patd in thnt manner,Borrower shall pay them on `-°'01�:
<br /> , time directly to the person owed paymenG Bocrower shall prompdy fumish to Lender ull notIces of umounts to be paid under ;,�';.
<br /> � : thia paragraph. If Borrower makes these payments direcdy,Borrower shall promptly furnish to L.ender receipts evidencing :;:
<br /> the payments. _.
<br /> Borrower shall promptly discharge any lien which has priorlty over this Security Insuument unless Hormwer.(a)agrees
<br /> ;:�'.;;�• ' " in wridng to the payment of the obligation secured by the lien in a manner acceptabte to Yxnder.(b)contests in good faith the
<br /> '_j/.�• ; lien by,or defends a�ainst enforcement of the lien in.lesal proceedIngs which in the Lender's opinion operate to prevent the
<br /> � enfonement of the lien;or(c)secures from the holder of the lien nn agreement sadsfactory to I.ender subordinating the lien
<br /> � to this Sesurtry Instr�menL If Lender determines that any part of the Property is subject to a lien which may attaia prioriry
<br /> �;"' over this Security InsuvmenG Lender may give Bomower a nadce idendfying the lien. Bo:rower shall sarisfy the lien or take �
<br /> ��"�� �• one or more of the actions set forth above with{n 10 days of the�iving of notice. �-
<br /> '.,Y 5, Hazat�d or Praperty Insurance. Borrower shall keep the impmvements now e�cisting or hereafter erected on the
<br /> ' " , Property insiu�ed against loss by fire,hazards included within the term"extended coverage"and uny other hazards,Including
<br /> `' floods or flooding,for which Lender cequires insurance. This insurance shall be maintained in the amounts and for the
<br /> F:# . ' , ,
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