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<br /> T(XIFsTH@It�VITH afl the lmproven:cnts now or her�eaRer erected on the�rrope�y al!eas�mrsnts,ap�uxtenances,
<br /> und fiztures now ar hereaftcr p�rt of thc prope�y. All replucementa wid addttions Rhall also bt�coven:d by this Secur.ty
<br /> t
<br /> instrument. All c�f the fose�aing is refeircii to ia tfils Securlty Insutunent u�thc"Pnaperty."
<br /> BQRltOW6R COVENMIT[S that AAnawer is lawtuily�ised of thc estetc hercby convcyed and has the dgf►t to�ra�nt
<br /> und convry tho PmFerty nttd th�t tho Property is unencumbered,excep+t for encumbrancrs of rccord. Hcxrawrr warr�nte and
<br /> wili defend generaliy the Ntk to tho Property agaiast aD cl�inu ynd tktnar�ds,subjest ro any encumbc�es of raeor�.
<br /> TH13 S�URITY INSTRlJME1VT cart►bines unttom►covcnunt� for nntionQ usc aad rton•uttiform covcnanta with
<br /> limited varlatiuns by jurlsdisdoa to canstitute n unlfarm stcudty instrument rnv�ing real propeay.
<br /> UN[FORM COVBNANTS. Bormwer uiM I.ender covenant and agc�ee as followe:
<br /> !. P�yment ot Princlp�l aad interest3 Pe+ep�yrneat and I.ate Cbsr�es. k�omawu sball pmraptly pay whcn duo the
<br /> principal of and fntanst on the debi evidenced by the Note and any prcpayment und lata charg�es due under thc Note.
<br /> 2. Funds for'l�ures an�Lt�urance. 5ubject to applicablo!aw or to a wtlttea waivu by Lender.Barrower etwll gay to .
<br /> l.endcr on Iha duy monthly payments ore due uader the Note.unW the Notc ia p�id in PoU. a suan("Funds")far.(a)yearly
<br /> taxes aad asseesmeats which mny uttttin prfority over thls 3scwity It�suument ns u llen on tho Property:(b)yearly le�sehold
<br /> payments or grouad ren44 oa tde PropaRy. if any:(cl Yearly hazerd or proper4y inswance prcmiums; (d) Y�Y a�
<br /> insurance pnmiiuns.iE any;(e)yearly mortgage iasurance pnmiwns. if any:t+nd(� any sums puyable by Bomower to
<br /> Lender.in aceotdance with tlte provlsions of paragaph 8. in Ueu of the payrnent of mortgage insurance premiums. 7'h�se
<br /> Items ns+e c�Aed"Escrow Items." Lender may.at any ara�.collect und bold Funds ia on amonnt aat to eacad tho ma�cimum
<br /> amouqt a lender for a federally reluted martgage loan may require for Bomower's escraw aaount under the fede�l�al
<br /> Estate Seulement Procedures Act of 197a as amended fmm time W time.12 U.S.C.¢2601 et srq.("RESPA"?.uWes�;etatl►�er
<br /> law that appUes to the Funds set�n lesser amoun4 If so,l.ender may.ai any time.collect and hold Fuads In eu amount aot w
<br /> •.-" � eacxed the lesser atuoun� Leader a�ny estia�ate U►e emouut of�nds dne on thc basia of cwreat dasa oad reasQnabk
<br /> estjmutes of eapendiwnes of futute Fscrow Items or othetwtse ia accordance wtth applicable law.
<br /> 11ie Punds sball be held in an fnstltuHon whose deposiu ene iasured by u fedetal agency.Instiumentafity,or entity
<br /> `;'.:r-•: ''ti:°�j.� (includiag Lender.if Leuder is such an iasdtudon)or inany Federal Home I.oan Benk. Leader shaU apply Ute Funds w pay
<br /> the Escrnw Items. Leader mtiy not cbarge Borrower for 6olding and a�plying ahe P�nds, annually aaalyzing th�escrow
<br /> - > •�::., : . � accoun� or verlfyiag thz Escrow Items, unless Lender pays Borcower iaterest on the R�nds aad:�pplicable Iaw pennits
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<br /> T L.eadet to make such a chctrge. However.l.ender may ra�uine Borrower to puy a one-time cdarge for an independ2nt real
<br /> t
<br /> r '� estate tua reportiug service c�by Lender in connecdon witb this Iwin.unless applkuble law provIdes othetwIse. Unless an
<br /> ' Y��''„��+t.�� ttgceement is made or appl(cable law requires interest to be paid L.ender shall nat be required w pay Bornower aay intenst or
<br /> T� *'� - � � '`� eaminss on the Flmds. Borrower and[.ender may�gree in evriting.howevcr,th�t Interest shaU be paid on the Funds. Lertder
<br /> ��"� �R!��` �"��" shall give to Borrower,without chnrge,aa annunl accouating of the Punds.showing credits and debits to the Funds ead the
<br /> ''��'"�' `' `r y� pucpose for wluch each debit to the hlinds was made. ltie Funds are led ed as additional s�uri for all sums secured b
<br /> Y k•�,.. .,.. .� P � �Y Y
<br /> ��`��. ��. . . thisSecurltylnstiumenG
<br /> �+��ar:�'°'"• :� ' �' If the�unds held by I.ender exceed the amounts pecmitted to be held by appliceble taw, I.ender shuti accouat to
<br /> '`�"`� "� ���+' ''`��.. .� Bomower far the excess Fnnds in accordance wIth the requirements of applicable lnw. If the amount oF the 6lutds held by
<br /> yr,-.:;;•:';:•:,_�t',:�,,,.,.
<br /> ^;+.�;.::;r���t,;;a^'",;,�` Lender at any time Is not sufticient to pay the Escrow]tems when due.Lender may so notify Borrower ia writing,and, in
<br /> ��'- •��'?'.��.";<<"� such cese Borrower shall pay to L.ender the amouat aecessary to make up the deficia.mcy. Bomower shall make up the
<br /> '� ° `•��'`' •� deficlency In no more than twelve montlily payments,at Lender's sole discredon.
<br /> �. Upon payment in full of all sums secwed by this Security Iasnument,Lender shall prompdy�+efund to Bomower any
<br /> " Flwds held by I.ender. If.under paragraph 21.Lender shaIl acquire or seA the Property.Lender.prior to the acyuisidon or
<br /> ��;'�.�°•�••�- •�•*•� sale of the Property.shali appiy any Flinds held by L..ender at the time of acquisiann ar sale as a credit against the sums
<br /> J1;�. � ... .��. �f,� secuied by this Security Instrument
<br /> =±►.��•�^•����° �:= ° 3. Appllea8on of Poywents. Unless applicable law provides otherwise,aU payments received by Lender under
<br /> :'�'`:".- . ° . paragcaphs 1 and 2 shaU be applled:firs�to any prepayment charges due under the Note;second.ta amouats payable under
<br /> x��:r .
<br /> �•�-• - ° � ' paragraph 2;third.to�nterest due;fowth,to prinripal due;and las�to any late charges due under the Note.
<br /> �t�'-:,.... .
<br /> cr•.,� 4. Chatges; Ltens. Boaower shall pay nll tazes. assessments.ci�arges. fines aad imposidons attribuwble to thc
<br /> •`'�'°''� ="`"�'`•-"�=` Property which may attain priority over this Security Instrument,and leasehold payments or ground rents.ff any. Borr�wer
<br /> �'��`'�'°""' "` � shall these obl� ons in the manner rovided in ara h 2,or if not aid in that manner,Borrower shall a them on
<br /> n„�.��,..... .:�a. PaY � P P �P P � P Y
<br /> . timcs dIrecdy to the person owed paymen� Borrower shaU promptiy fumish to Lender all aotices of amounts to be paid undet
<br /> it:;'��;.-" ` '�" ' this para$raph. If Bormwer malces these payments direcdy,Borrower shall prompdy fumtsh to [.ender m.ceipts evidencing �c:�-�
<br /> `;�x;��:•�: : the payruents.
<br /> Boirower shull prompdy discharge any lien which has priority over this Secuairy Insmiment unless BoROwer.(u)agrees
<br /> ""�'"' in wdtlag to the payment of the obtigation secured by the lien in a manner acxeptable to Lender.(b)contests in good faith the •
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<br /> �� � ., lien by.or defends agaic�at enfarcement of the lien in, legul proceedings which in tLe I.ender s opinion operate W prevent the
<br /> • '� � • enforcement of the lien;or(c)secures from the holder of the IIen stn ugmement saUsfnccory to Lender subordiaating the lien
<br /> '-�� °, ' ° „ W this Security InshvmenG If i.ender determtnes that any part of the P�operty is subject to a lien which may attain prioriry
<br /> T��>.„, . over this Security Instrument,Lender may give Bonower a not�ce idendfying the lien. Bocrower shaU satisfy the lien or take
<br /> ., � one or more of the acdons set fo�th above within 10 days of the giving of nodce.
<br /> y�'�,=:= , � S. He7ard or Property Insurancs. Boirower shaq keep the improvementa now eaisdng or hereaher erected oa the
<br /> Property insuir:d against loss by fire,hazards iacluded �vithin the term"extended coverage"and any other hazards,including
<br /> � " - tloods or flooding. for which Lender requires insurunce. This insurance shall me maintained In the amounts and for the
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