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<br /> TOf3�TH�R WITH dl the improvemcnta now on c�rcafter crceted an the praperty.wtcl ull casenicnts,apyurunanccs,
<br /> snd fixtures now on c�rcatter ct part oY the property. Ali rcplarcrrt¢n!a�nd addittons�hnll nl�o t�c covercd by thia Sccurlty
<br /> Instrumcn� A!1 of thc forcgoing is refemed to an this Sccudty Instjument as thc"Property."
<br /> BORROWBR COV 8[JANTS thut Borrower tA lawfuily r,elAed of tho estate heroby convcycd und haa thcs dght to gtant
<br /> nnd convny tha Pcopaty und thnt the Proparty ie unencumbereA,except for encumbrnneea oP ceeord. Bopmwer wurrant9 and
<br /> wiil defend ganer�lly the dAe to�he Property against a[i claim.9 and detusnda,subject to any encumbeunces of recotd.
<br /> 'I'f�IS SF.CURITY INSTR[7M�NT combines uniform covenants for nadonul use and non•unifam�coven�nta wlth
<br /> timtted varlations by Judsdiction toconstituk u uniforni secueity insuuruent covering rzul propi;riy.
<br /> UNIFORM COV6NANTS. Bormwer and Lender covenaat and a�+ee as followa:
<br /> I. Phymeat of Principnl� Intesest;PeepaYment end Lute ChArge�. Borrower shall pmmptly pay whe n due the
<br /> pdncipal of aad Interest on the debt evidenced by the Note and any pnpayment and late chargea due under tho Note.
<br /> Z. �ads for'1lutes nn6 Imurance. Subject w appllcabie law or to a wrItten waivee by Lender.Borrower ahall puy to
<br /> I.ender on the day monUily payments are duc uader the Nate.undl the Noto is psitd in fuil,a eum("Funds")for.Ca)yearlY
<br /> ta�ses and assessmenu which may attain prlorlty over t6is Securlty Instrument as n lien on the Property:(b)yearly IensEhold
<br /> payments or grouad rents on the Property, if any;(c) yearly hazard or property insuranc� premiums; (d) yeariy flood
<br /> insurance premiwus,if aay: te)Yearly mongase insurance pt+emiums. If any: and (�aay sums payable by Ha:rower to
<br /> Lender.ia accoidance witd the provisiona of patagraph S,in lieu of the puyment of mortgage insurance premiwns. Tbeszo
<br /> ;tems are catled"Escrow Items." I.ender may.at nny time,coUect s�ad hold Funds in un amount aot to exceed t�e rnnximum
<br /> amount a lendcr for e federally related moitgage loaa may mquir�e fot Bonower's escrow accouat under the federal Real
<br /> Ectute Seulament P.acedures Act of 1974 as ruaended from dme w dnte,l2 U.S.C.$2601 et seq.("RESPA").unless nnother
<br /> law that applIes W the Fuads sets a lesser arriaun� If so.Lender may,at aay time,coAect and hold P1�rtds in an amount nut to
<br /> -- exceed the lesser sawun� Lend�r may esi[matc thc antow�t of Puads cfue oa t�e basis of current data and rp,nxnnable
<br /> esdmates of espendiwms of future Escrow Items or otherwise in accordartce wtth applicable law.
<br /> 'ihe Fuuds shall be deld ia en institudon whose dcposits are i�nsured by a fcdernl agency. instrumentaliry. or endty
<br /> ,' ,��:.�•' (includin�Lender, if Lender ia such aa Insdrudon)ar in any Federal Home Loan Bank. L.ender shall apply the PWnds to pay � �•:
<br /> the Escrow Items. Lender may not charge Borrower for holding aad applyins the Fuads.annuelly analyzing the escrow `-�'
<br /> ;_.,,:^?';.> , accounL or verifying the Escrow Iteias. unless Leader pays Borrower interest on the Funds and applic.�ble law pecmits
<br /> � Leader to raake such a c6arge. However.I.ender may mquice Borrower to pay a one-time charge for nn independent real �''"'"
<br /> , < estate tex report� service used by I..ender in connecdon wiW dris loan,unless applicuble law provides otherwtse. Unless aa f�_,-,
<br /> y . �:._•.;f ', agreement ia made or appllcable law reyuires tn[erest to be paid,Lender shaU not be c�equired to pay Borrower aay interest or ,�,_
<br /> ' �.:�� eamings on the PUnds. Barnwer u►d Lender may agree in wridng.dowever,that interest shaU be paid on the Funds. Leader
<br /> .�,,,�'�;� . °' shall give w BoROwer,without char�e,an annual accounHng of the Funds.showing em.cilts and debits to the Fuads and the . .
<br /> f ,1?E�;���,c,,, pucpose for which each debit to the PUnds was made. The Hlinds arc pledged as addidonal securiry for all suzns secured by ;:^;
<br /> ,, t• . tbia Security Instcurncnt. ' ',.,:
<br /> t •r��.: :' �If the Funds held by I.eader exceed the amounts permiuec3 to be held by applicable law. Lender sbaU ac�ce,unt tu �
<br /> _N�;,S'.; •:•S..
<br /> , "tl•„ Bonmwcr for the excess Wnds in acsordance with the mquirements of applicable law. If the amount of the Fuads held by �•Y�>
<br /> � :��'�,;r',- `•'�`-� Lender at any time is not�ufficieat to puy the Escrow Items when due,l.ender may so nodfy Botrower in wri 8ng,an d in '`'�`�
<br /> �'`'"�t��'�=.:=!;�n• such case Borrower sdall pay w Lender the amouat necessary w make up the defciency. Borrower sh�ll make up the
<br /> �.:1 .y{.' ,��q 1�P7'y
<br /> �•,:,�� : � deficiency in no more t han twelve monthly payments,at Lender's sole discretion.
<br /> + �-� �� �� U n a nt in f�ill of all swns secured b this 5ecuri Insuument,Lender shell rom d refund to Bonrower an
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<br /> �?'.�`�,�;,'�i;:�,�wca: Funds held by Leadec If,under paragraph 21,Lender shall acguire or sell the Property.l.ender,prior to the acquis9tion or
<br /> 'y����-,�i� sale of the Prope�ty,shali apply any Funds held by L.ender at the dme of acquisition or sale as a cmdit agaiast the sums
<br /> �rwy,�.�,�;�.:�.�� 4 secur�ed by this Security Imtrumem.
<br /> '.'' ... � 3. Applicat�on oi P�ytnents. Unless applicable law provides othenvise,all paymeats received by Lender under
<br /> � "•^��'±�� paza�aphs 1 and 2 shaU be applled: first.to any prepayment charges due under the Note:second.to amounts payable under
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<br /> � _,.� pazagaph 2;thicd,to laterest due;fowt6,w principal due;and lau.to any lat�charges due under the Note.
<br /> •►a�L:- �"� i
<br /> .'$;:,,,� 4. C4�seges; Liena Borrower shall pay all taxes,assessments,cherges, fines and imposidons amiburable to the
<br /> • '°� Property which may euain prlority over this Securiry Inswment,and leasehold payments or ground rents,if any. Borrowcr
<br /> �"�'�`"rn shall pay thesc obGgadons in the manner provided in paragaph 2, or if not paid in that manner,Borrower shall pay them on
<br /> ':�'�`'°`"�""�"�D• Hme dlrectly to the person owed payment. Bomower shall pnompdy furnish to Lender all norices of emounts to be paid under .
<br /> ... .,,,•.:. ;. .�.�.
<br /> ,'"�1a'`�' ,,:�•F<':�'�'�'�- � tlils paragraph. If Barower mekes these payments dim,cdy, Bomower shsill promptly furnish to Lender receipb evidencifig
<br /> . �±#��c,.,,,'•:: • Ne ents.
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<br /> .+�...•,�; .' ���• : Bormwer ahall prompdy discharge any lien which has priority over this Security Instivment unless Horrower. (a)agiees
<br /> � ;:,.'�`-� �°��� in writIn to the ent of the obli tion secured b the lien in a manner acce table to Lender,(b)contests In faith the
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<br /> �, `....,, . , ; ; llea by,or defends against enforcemeat of the lien in,legai proceediags which in the I.endea s opinion operate to prevent the .
<br /> ' enforcement of the lien:a(c)secures from the holder of the llen an agreement sadsfactory to L.ender subordin�ing the lien
<br /> �`�` `.�-p•�'A. to this Security Insuument If I.ender detemiines that any part of the Property is subject to a lien which may attain prtority
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<br /> ' � over this Secarity Insnurnent,Lender may give Borrower a nodce idenHfying the lien. Bonower sdaU satisfy the liea or take
<br /> �"�-• ane or more of the ac6ons set foith above within 10 days of tl�e giving of rtodce.
<br /> ��,Y r1 .�:.
<br /> ;��, ,. S. �ard or Property Iasu�ance. Borrower shall keep the improvements now existing or hemafter erected on the
<br /> � ' `""" ` ' Property insured against loss by fire.hau+rds included within the tecm"extended coverage"and any other hazards. including
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<br /> '•:�,�.;, floods ar floodtng.for w6ich l.ender requiies insurnnce. This ins�rartce shal!be maintalaed in the amounts ard fa tt�e
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