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<br /> - TOQETHER WITH all thc impmvcments now on c�rcafter ci�ccted on thc praperty, and all caFCments, uppurtenances, �+k� "°
<br /> and fixtures now or liercafter a p:�rt of the property. All replacements nnd aclditions shall ulso be covered by this Security �I ,�,.
<br />_� Instrumcnt. All of thc forcgoing is rcten•cd to in this Sccurity Instrumcnt us thc"Pruperty." .,_.__,..�.•r =-
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<br /> ^ (inRROWF:R COVENANTS that Borro�vcr is lnwfully sciscd of thc cstatc hcrcby convcycd mid hi►s tlic right to grunt :�:.��. _ _
<br /> nnd convey the Ptopetry und �hat the Property is unencum bere d,except for cncum b ra u�e+u f r��u r d. l i o r•r u w e r w a r r a n ts nnd `,.A�•�_�--•-,"` —
<br />-•• " �viU dcfcnd gcncrnlly thc dtic to thc F'roperty ugninst all claims und dcmanJs,subjcct to any cncuntibrimccs of rccord. �,;;��.Y"T�, ��_
<br /> THIS SCCUltITY INSTRUMCNT combines uniform ccrvcnnnts for nutiomd usc and mm•unfForm covcnunts with �", ,�,«�l i,
<br /> . limitcd vnriiiNons hy jurisdictiun tu cnnstitutc n uniforni sccurity inrtrument covc�ing rc�d property. •° � =i',��n'"=_.
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<br /> � �� UIVII�012M CnVI?NANTti. Hanuwcr und I.cndcr cnvcnimt u�id ugroc us folluws: �. : % ;:����-,;:—
<br /> .. • 1. {fiyment of Principid nnd Inte�•cst;Prepayntent antl I.nte Chu:aes. F�orrowcr shidl prcimptly piry witcn duc thc • �•'..'.�:�.;�_ti...:�
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<br /> . ' princtp:�l nf iind intcrest i►n thc dcbt cvidcnccJ by Ihc Notc und aiy prcpayment und latc ch►ugcti ii��c undcr thc Nutc. • . �c.:=•�.�-
<br /> E. N�unds for 9laxes und Inynruncc. Subjcct ta npplicublc Inw ur to a writtcn�vi�ivcr hy LcnJcr,liorn»vcr shttll pi►y to ..;,;�:�Sk��"-=°--
<br /> l.endcr on thc dny munthly p�rymenls iu•c duc undcr the Notc,until thc Nutc is paid in full,u�um("Funds")for:(u)ycarly .' :�r-�- - -�""_�
<br /> [nxcs and nsscysmcnts which may wtuii�prloriry uvcr this 5ccuriry Instruu�cnt us u Ilcn on thc Property;(b)ycurly Icaschold ,:�`.���;q��f�:
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<br /> pi�yments ar gruun�l rcnls un thc Pruperty, if any: (c) ycurly hivard or pruperty insuruncc prcmiums; (d) y y , . ., .,.•.•„�,,;,�;�.--
<br /> ? fnsurniicc prcmiums, if i►ny: (cl ycnrly mortg+igc insurancc premiums, if:►ny; nnd (fl uny sums p�yublc by Borro�vcr to ••.,_.y_�_v��-,�,;.�k�_r�E�-'
<br /> �_ �� Lender, in accordanee with the provisions i�f parugraph 8,in lieu of the puyment of murtgnge iusurance premiums. These -r,•.�
<br /> �t ' items ure culled"B�crow Items: Lender may,iu nny nme,collect unJ hold Funds in un umount no�to excecd the maximum , ..,.,F�—
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<br />� amount u Icnder for u federally rclnted mnrtgnge loan may reqi�ire far kiorrower's curow uccount uudcr the fedcrul Eical t •. ;,,;�y_�
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<br />� " Estute Setdement Proccdures Act of 1974 us amended from time to time, l2 U.S.C.4 26U1 er sey.("RESPA"),unless another :..,�,f�5._ _
<br /> law thut npplics to thc Funds sMr u letiscr iunount. If so,Lcndcr m:�y,ut any timc,collcct and hold Funds in an amount not to
<br /> �� � _:
<br />- cxcecd the lesscr :unrn►nt. Lender muy estimute thc umount of Funds duc on the basis of curcent duta and reasonablc . ,,�k�-�,.
<br /> "' estimates of expcnditures of futun�Eticrow Items or otherwise in uccordance with applicable law. .-,t�..�.��T K
<br /> Thc Funds shull bc held in an instiwtion whotie deposits arc insured hy a fedcr�► ugcncy, instrumentaliry, or cntiry •_ .,..
<br /> (including Lcnder,if Lende�is such an institution)or in uny Fedcrul Home Loun Bunk. Lc�dcr tihaU apply the Funds to pay ._,�i►,=:�:_
<br /> thc Escrow Items. Lcnder mny not charge Borrower for holding and upplying thc Funds, �nnually unalyzing the escrow •:,�,�:���;
<br /> � account, or vcrifying thc Escrow Itcm�, unless Lendcr pays Borrower intcrest on thc Funds und applicublc law permits _ ,
<br /> Lendcr to nrilce such a chnrgc. Howevcr,Lender may rcquire Borcowcr to puy�onc-timc churge for un independent reul u� '
<br /> estate tax reporting service used by Lender in connection with this loun,unless applicuble luw provides otherwise. Unless an ::
<br /> agrccment i5 made or upplicablc la�v rcquires intcrest to be puid,Lcndcr shall not be requircd to p�y Borrowcr any intcrest or .:' ,
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<br /> carnings on iiie Fu�iai,. ���rcw�:J�'��.�r'�°:�'•=�Y`!o*rr jn wntin�.hOWCVCf,that intcrest shall be paid on thc Funds. Lender xy*'� _i_
<br /> shall 6ivc to Borrowcr, without chargc,un annual uccounting of thc Funds,showing crcdits and dcbils to thc Funds und thc
<br /> „ purpose for�vhich each debit to[he Funds was made. The Funds are plcdged as additionul security for aU sums secured by � ,
<br /> this Security Instrument. ;;,�- •
<br /> • If the Funds held by Lender exceed the amounts permitted to be held by applicaible law, Lcnder shall account to � .
<br /> Bono�ver for the exeess Funds in uccordanc:e with the reyuin:ments of applicuble law. If ihe iimount of the Funds held by j,�I
<br /> Lcndcr at any timc is not sufficient to pay the F.scrow Itcros when due,Lcndcr muy +o noiit'y BotYOwcr in writing,ond,in .
<br /> �.. ' such case Bonower sh:ill pay to Lende� tlie umount necessary ro make up the deticiency. Borrower shuU make up the . ��
<br /> deficiency in no more than twelve monthly puyments,at l.ender s sole discretion. `�
<br /> „ Upon payment in full of ull sums securcd by this Sccurity Instrument. Lender sh.Ql prompdy rr,fund to Borrower any ��. ,��
<br /> Funds hcld by Lcndcr. If, under paragraph 21, Lender shull acquirc or sell thc Property, Lender,prior to the acyuisition or •::,�:�,:.;
<br /> sulc uf the Property, shaU Upply any Funds hcld by Lcndcr at thc timc of acyuisition or salc as u credit against thc sums � �� ` : .f
<br /> secured by this Securiry Instrument. . •
<br /> • 3. Appl[cntfon of Puyments. Unlezs upplicable law provides otherwise, all p.►yments receivcd by I.endcr under I . !��
<br /> • � �� ' puragraphs 1 and 2 shnll bc applied: Cirst,to nny prepaymcnt chargeti due undcr thc No���:>cmnd,to umounts payablc under •. .� _
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<br /> paragr�aph 2;third,to intcrest duc;fourth,tu principal due;and lust,to any latc rharges duc undcr thc Notc. , ., .�
<br /> 4. Churges; [.Iens. Borcower shaU pay all tnxes, ucscssmcnts, charges, fines und irnpositions attributablc to thc � '•'� �
<br /> Property which may attain priority over this Sccurity Instrument, and Icaschold payment.ar ground rents, if uny. Aorrowcr .
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<br /> shall pay thcsc obli�ations in the manner providcd in parrgraph 2,ar if not paid in thut munnc►•, Borrawcr shall pay them c>n . � 7,
<br /> time dircctly to the penon uwed payment. E3orrov�er shull prompdy fumish to Lcndcr all notices uf amounts to be puid undcr ; �•:_
<br /> tnis parugraph. If Aorrowcr makcs thcse p:�yments direcUy,Boreowcr shall promptly furnish tu Lcnder rcceipts evidcncing •, :,.
<br /> �s •• . ' thc paymcnts. 'r'''�
<br /> ; . l3orrower shall prompdy Jischargc uny licn which has priority ovcr this Security Inxtrument unless Barrowcr. (a1 agrccs .,� • �'
<br /> ' in writing to the payment of the obligution secured by thc lien in a munner acceptable io Lender;(b)contests in good faith the ° °i ��'
<br /> ' lien by,or defends aguinst enforcement of the lien in,lcgal proceedings which in the Lender;opinion operate to prevent the _
<br /> enforcement of the lien;or i�)ti��ures from the holdcr of thc lien an i�grcement satisfi�ctory to Lcndcr subordinating the licn , �"'*
<br /> to this Security Instrument. [f Lendcr determincs that uny part of the Property is lubject to a lien which may attain priority �
<br /> ovcr this Security Instrument,Lendcr may give Borrower a notice identifying thc licn. Borrowcr shall satisfy thc licn or takc 'i '�
<br /> one or more of the actions set forth above within 10 days of the giving of noticc. •x
<br /> i . � S. Hazard or Prope��ty Insnrnnce. Borrowcr shall kcep thc improvemcnts no�v existing on c�rcafter crcctcd on thc i r
<br /> Property insured against loss by fire,hazards included within the term"extended coverage"and any othcr hazards,includin�; � '
<br /> floods or flooding, for which Lendcr requircti insur�ncc. Thi� insurancc shull be maintaincd in lhc amounts und for thc !
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