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<br /> • 7'pC3ETHER W['d`H all the.impravernenta no+�un c�xeafter erxtod on tho ProP�rtN. di�d dl e�sements.appurieances.�ad
<br /> ' flxturcs naw or hereafter a pan of the propetKy. Al! replace�iients nnd additton� shall cniso be cm�eYCB by thts SocuritY
<br /> Tnstrum�nt.MII uf the furegofnF i�referreei to ln thin Sccudty lfnstrument ns tho"C�roPcny."
<br /> 60RROWBR COV�NAP+iTS that Borrower is luwfully sciscsl of thc cstatc hcrchy eonveycd nnd has the riEht W g►nnt una
<br /> convey thc Property und tluu the Property is uncncumbcnd. excEpt for et�cumbrnnces of tecuud. �omawer w�trants �nd will
<br /> d�fe��d gencrally the title to the Fraperty ugainst a!l cDaims and dcmands,eubjat ta any cncumbrances of rcxorcS.
<br /> TH[S SECURITY lNSTRUMBN'C combincs w►iform cavenants far national uso and non•unif�nn co�enur�ts with limitai
<br /> vede�times Ay jurisdieuon to cnnstitute u unifarm hecurlty Instrumznt rovering rcal property. �
<br /> UNlI�ORNi C�V�NANTS.Horeowcr und L.ender cnvenunt ar�d ugrcc av foftows:
<br /> I. P�ymmt o! Petactp�tl and Interest; PrepaYment and l.atr Charge�. Borrower yhall pmmptlY paY when due the
<br /> principal of and interest on th�debt ev�dence�i by the Note and any prepnyment und lat�charges due under the Note.
<br /> a. Fuudg Ror Tw�ces ond tnsurxn�.3ubject to upplicublo law or ta a w�itten wniver by Lender. Boaower shsilll pay to
<br /> L.endet on,the dny�r►onthly paymenta sue due under the Note. until lhe Note ie paid in fuil.a sum("Funcis")for:(u)yearly twces
<br /> and cissessment$which may nttaln prioriry over th{s Securiry Instrument as a licn on the Property;(b)ycariy leasehold payments
<br /> ar ground renta on the Property,if uny;(c)yearly haznni or property insurunce premiums;(d>yearlY flood i�uurance preminms.
<br /> if uny;(c)yearly mart8age insuruncc premiums. if any; and (�any sums pAyabla by Barrower to Lendcr,in eccordaisa with
<br /> the provisians of pamgrnph 8. !n lieu of the payenent of mort�nge insurance premfums.These items ure called"Fscrow Items."
<br /> L.cnder mny. at any time. callaK und hold Funds in an amount not to exceed the maxtmum amount a lender for u federnlly
<br /> related mortgage loun ma�r requirc for Borrower's escrow uccount under Uic federal Real Eatate Setdement Prooedures Act of
<br /> 19T4 as amended from time to dme. 12 U.S.C.Sect�on 2601 et sey. ("RF.�PA°),uriless another law thut applIes to the Funds
<br /> sets u tes�cr amaant. !f sa, Lemler may. at anY time, collect and hoid Funda in an amount not to excxed the lesser amoaat. .
<br /> Lender m$y estimate the amount of Funda due on the busis of curnent data and reasonable estimates uf expenditures of futu�
<br /> Fscrow Items or otherwise in�aordance with applicable luw.
<br /> The Funds shnll be held in nn Institutlon whose deposits are lnsuced by a federal agency. instntmentallty, or enuty
<br /> (including L.ender.if L.ender is such un institution)or in s�t►y Federal Home Loan Bank.Lender shall opply the Funds to pay the
<br /> Escrow Items.Lender muy not char�e Borrower for holding and applying the Funds.annuaily tmalYzin�the essrow ascount,or
<br /> ver�fylns the Escrow Items.unicss Lender pays Borrower interest on the Funds and applicable law permits Lender to make such
<br /> a charge. However,C.ender may require Borrower to pay a one-time char�e for an indepertdent real estate tax reporting service
<br /> use�l by Lender in connection with this loan, unless ppplicable Inw provides othenvlse. Unless un u�reement is made or
<br /> upplicable luw requires interest to be paid,I.ender shall not be required to pay�onower any intecest or eaminga on the Funds.
<br /> ' Borrower and I.ender may aseee in wrlting. however. that interest shall be paid on the Funds. I.ender shall�ive to Borrower.
<br /> uiilsoui ch3rge. �annua! e!Y'ou�t4nE of ehe Funds. showln�credits and debits to the Funds axf tho purpose for whicb each
<br /> debit w the Funds was made.The Funds are pledged as additional security for all sums r+c�cured by this Security Instrument.
<br /> If the Funds held by Lender exceed the art�aunts permitted to be held by applicable lnw,l.ender shall account to Borrower
<br /> =n'q`'�,��" ;' for the excess Funds in accordencs with the requirements of applicable law. If the amount of the Funds held by Lender at any
<br /> `�- time is not sufficient to pay the Escrow Itcros when due. I.ender may so notify Borrower in wdting. and,in such case Borrower �a
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<br /> :�...;w.,�u_ shall pay to I.ender the amount necessary to makc up the deficiency. Borrower shaii make up the deficiency in no more than
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<br /> • r twelve monthly paymentx.at Lcnder's sole discretion.
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<br /> ,n�, Upon payment in full of all sums secwcd by this Security Instntment, Lender shull pramptly refund to Borrower any
<br /> ,�'��� �°== Funds hetd by Lcndcr.tf,undcr paragraph 21,Lender shall acqu'sm or sell the Property. 1�nder,prior to the acquisition or sale
<br /> �y�� of the Property. shal!apply any Funds held by Lender at the time af acquisition ar sale as a cre�it against the sums secured by
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<br /> , �_-_,•� �.., this Security Instrument.
<br /> ''` �V'"` 3. Appltcation oi Payments.Unless applicable law provides athenvise,ail payments received by Lender under para�raphs �
<br /> ��'}"' 1 and 2 shall be upplied: flrst,to uny prepayment charges due under the Note: serond. to amounts payable under paragraph 2;
<br /> `�.' �P`�'X� +� thtrd,to iaterest duc; fourth, to principal due;and last,to any late churges due under the Note. ��«�;
<br /> '�� " 4. Charges; Liens. Borrower shail pay�Il taxes,assessments,chazges,tines and impositions attributable to the Property
<br /> ,�' �'`'.�^+'t� P Y g Y p.y . .
<br /> , �` which may uttain priority over this Security Instrument,nnd Ieasehold a ments or round rents. if an . Horrower shatl a
<br /> `��-r.�.`��:`1. these obligations In the manner provided in para�rnph 2.or if not pa�d in that manner.Borrower shall pay them on time dir�tly ;�.,if
<br /> �'�,i:,;r°�••. to the person owed payment. Borcower stiall promptly furntsh to I.ender all notices of amounts to be paid under this paragraph. ..
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<br /> .,,. If Bornower makes these payments directly, Borrower shall promptiy fumish to L.ender receipts evidencin�the payments.
<br /> �•����`���=� Borrower shall promptly discharge any licn which has priority over this Securiry instrument unle�ti Dorrower:ta)agrc�es in
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<br /> � •,;�. writing to the p:�yment of the obligation r,ecured by the lien in u manner accept�tbie to Lender:tb)contests in good faith the lien
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<br /> ' . ..�vS by. or defends ugoinst enforcement of the lien in, legal proceedin�s which in the Lender's opinion operate to prevent the
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<br /> 1:, ,_.u,•.1•, enfomement of the Iien;or(c)secures from the holder of the lien un agmement satisfactory to Lender subonifnating the lien to
<br /> ;�-�;?� � ,�..�� this Secudty Instrument. If Lender determines that nny part of the Property is subject eo a lien which may atta�n priority over
<br /> F`�� �.� '�, -�•�' this Security Instrument, Lender mry give Borrower s�naice identifying thc lien.Bonower shaU sutisfy the licn or take one or
<br /> ��;.��_�.,�:�,.�°-��-, more of the acttons set forth above wtthin 10 days of the giving of notice.
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