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<br /> ►Y3L3�,7`HER WI'i'HI,iU the iuiprovcu�ent�now or hereat'tcr creLtc�i on t1�e proixriy;nnd nll easemce�tn,appurtea�.'se:
<br /> ; and Gxtures now un c�►'c:aRzr a part of t►ts,prag:.rty. All replw�^manG�urtti kddlii�o shalf dlso 6e cnverred by thlx���rity
<br /> instrumen3. Ail of the forcAaing Is ctfemed ro in tht�Security Instrunnent su�tlw"Property.'.
<br /> � BORROWBR CY3VENAN'CS tlat Borc�owef 1s Inwfulty seised of e1w nt�te l�Cby comayerl rnd hYs tha e�Rdb to�n�
<br /> art,d convey theProp�y uid ti�at the Pmpetty Is unencumbered.exa:ept for encumbrau�cea of resmrf. Barrnwet wurmt�� ,
<br /> wllt def�nd genernliy the dtle to the Property ag�inat Ali cidms uxl denw�.nubject to�ny cncumbnn�x�d rxad.
<br /> 'YTiIS §L�CU�ITY li�!$TI:UMIINT�Catubiti� uAifoim ttaernnnts for•nntbnat ���se and non•unlfmm s�venants wlth „
<br /> , Umited vuiadons by ju�iadictlan to consdtute a�nifcxm aecudty inatrument coveriag ceal propeny.
<br /> �INI�RM COVENANTS. Bomnwer and Lander covenutt and agrre as follows: W�Qu��
<br /> 1 P�ymeat ot Princip�l�nd Iqterest;Prep�yment�nd Lrte Cltiu�ts. Borrower shall p�omptly WY
<br /> princjpai of ar+d inter�3t on the debt evideimd by the Note and pny pnpayment and lato charges dua under tl�e Nc�te.
<br /> Z. Flead�for'lSuces and Insunase. SubJect to applicable Ixw or to a wrlusn waiver by Lender.Borrower shsdl pay to
<br /> L,ender on the day monthiy payments arc due un&r the Note.unW tttc Nou ia paid in full.a sum("I'und.i")for:(a)yeuly
<br /> texes and assessments which may attaic►pdority over this Security Inbuw�xi�t as a tien are t!w Pcoperty:(b)yearly leasehald
<br /> payments or ground rmta on the Property, if eny: (c) yearly hazard or property insunu►ce premiums; (d) yeuly flood
<br /> insurance pnmiums,if any; (t)yearty mortgage insurance premiums. if any; And (�any awns PaYabk by Borrower to
<br /> Lender.in ttccozdance with the provisions of parngraph 8.in Ueu of the payment of mortgage lnswance premiums. These
<br /> i items are called"E.scrow ltema.' Lender may.at any time,collect and hold PUnds tn an amount not to exc.eed tLe mexlmum
<br /> � anwunt u lender for a federuUy reluted mortgage loan may requlre[ar aomnwer's escrow account under the fedEral Real
<br /> � Fstate Settlement Procedures Act of 1974 as amended from Hme W tima.l2 U.S.C.$2601 et seq.("RESPA"),unless anotber
<br /> la�y tt:at applies to the Fimds se�4 a Yesser amo•�u►t. If so.Lenacr may,nt any time.wllect an�hold FUnds in aa nmowu not to
<br /> eaceed the lesser amount. I.ender may estimate the amount of FLnda due on the basis of cumnt data and ceasoaable
<br /> eatimates of expendiaues of future�scrnw ltems or otherwIse in uccordance with applicnble law.
<br /> � 'Itie Funds shall be held in an instituoion whose deposits are insured by u federal agency. lnstrumcntality. or entIty
<br /> � (includiag I.ender.if Lender is such an instltutlon)or in any Federal Home Loan Bank• Lender shall app1Y the�e�W
<br /> � the Escrow Items. Lender may not charge Borrower for holding and applying the Funds,ennaal�Y�Y�S
<br /> I acxount, or vedfyia�the Fscrow Items.unless Lender pays Borrower Interest on the Funds und upplicable!nw permits
<br /> I.ender to make sucb a charge. However.l.eader may require Boaower to pay a one-tltne charge far an Independcra real
<br /> estate tax t+eporting service used by l.ender in connecdon with this loan.unless applicable law provldes othecwise. Unless�an
<br /> � a�reement is mside or applicable law requires interest to be pa�d,I.ender shall not be required to pay Botrower any interest or
<br /> eAmings on the Punds. Bormwer and I.ender may agee tn writing,however.that interest shall be paid on the Funds. Ixnder
<br /> � shall give to Borrower.wtthout charge,an am�ual accounting of the Funds,showing credits and debit5 to the�Lnds and the
<br /> pucpose for whlch each debit to the Funds was made. The Punds are pledged as udditFonal security for all sums sacured by
<br /> � this 8awi�r tnsu,,w:�cr��.
<br /> If the Fweds held by I.ender eaceed the amounts permiued to be held by applIcable law, Lender shail account to
<br /> Bomower for the excess FLnds in accordance with the requirements of applicable law. lf the amount of the Funds held by
<br /> ; L.ender at any time is not sufficient to pay the Fscrow Items when due.Ixnder may so notify Borrower in wriqng,and.in
<br /> �"• such case Boirowex shaU pay to Lender the amouat necessary ta make up the deficiency. Borrower shall make up the
<br /> deficIency in no more than twelve mc�'•hly payments.at Lender's sole discteaon.
<br /> '�' i Upon payment in full of all sums secumd by this Security Insuumen�Lender shall promptly refiutd to Borrower any
<br /> , Funds held by L.ender. lf.under paragraph 21.Lender shall acqutre or sell the Properiy.Lender.prlor to the acquisltion or
<br /> sale of the Properiy.sha13 a.pply any Funds held by Lender at the time of acquisiaon or sale as a credit against the sums
<br /> � secured by thls Seciuity Insuument.
<br /> � 3. Applica4lon ot Payments. Unless applicable law provides otherwise, all paymenta rerxtved by I.ender under
<br /> � paragrnphs 1 and 2 shall be appUed:fus�to any prepayment charges due under the Note:s�coad,to umounts payabte undei`
<br /> � paragraph 2;third.to interest due;fourth,to principal due:s�nd last,to any late charges due under the Note.
<br /> 4. Charges; Ltena Bom�wer shuU pay all taxes, assessments.charges.fines and Imposidons auributable ro the
<br /> Property which may uttain priority over thts 3ecurity Instrument,and leasehold payments or ground rents,if any. Bornower
<br /> � shaU pay these obligations in the manner provided in paragrnph 2,or if not paid in that manner.Borrower shall pay theni on
<br /> - �n time directly to the person owed payment. Borrower shall promptly fumish to Lender all notices of wnounts to be paid undet
<br /> thls paragraph. If Bormwer makes these payments direcdy.Borrower sh�ll promptly fumish to L.ender receipts evldencing
<br /> ��. � the payments. '.
<br /> ""' "�:s.;�' '"�. gorrower shall pmmptly dIscharge any lten which has prioriry over this Security Instrument unless Borrower.(a)agepes
<br /> �',�?,• .v.;: ;
<br /> K.,�:,,�• in writing to the payment of the obligatlon secured by the lien in a rtanner acceptable to Lender.(b)contests in good fa[th the
<br /> �"�.. � lien by.or defends against enforcement of the Uen i�,legal proceedings which in the I.ender's opinion operate to prevent the ^'^
<br /> �•�^ enforcement of the Ilen;or(c)secnres from the holder of the lien an asreement satlsfactory to Lender subordinating the lien
<br /> •'•�''-'�" to this Security Insuumen� If Lender determines that any part of the Propercy is subject to a lien which may attain priority wt
<br /> 1``��•'�1`•�.`
<br /> .,�. ;.:,_:,_;: over this Securiry InstrumenG Lender may give Borrower a notice identifying the lien. Borrower shall sadsfy the Ifen or take ' f+µ'
<br /> r r��;�.�,. . one or more of the acrions set forth above within 10 days of the glving of notice.
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<br /> 5. Hazard or Property Insuraace. Borrower shall keep the improvements now existing or hereafcer erected on the '';•:�.
<br /> ';°, ri;��;�..��?,;+, Property ittsured against loss by fi�+e,hazatds included within the tetm"extended covernge"and any other haztvvds,tncluding .
<br /> ��;;,;r,.:;,�_-:?.�T;;�; tloods or tloodins.for whicl� l.ender raqultes insurance. Tfiis insvrance shall be mainutined in the amounts and for ihe
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