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<br />- �} 7'OOETHER Wl'i'H uU thc i►nprovcments nuw or licrenftcr crccicd on thc property,nnd �II casemcnis,nppunennnces, ' ,�:;;:
<br /> •� and fixtures now or h.crenfter u pan of the property. All repiaceniems and additiuns shall nlso be covered by this Security =
<br /> -�- Instrument. All of the forc�oing is referred to in this Security Instrument as the"Property." "•E�,,�
<br />:�._,�.•.. ,.. —__
<br /> " • BORROWEEL COVENANTS that Borrower is lawfully sciscd of tiic estnte hcn:by conveyed and has Ihe right to grant __
<br /> und convey the Prupe�ty und that Qlc Property is unencumhered,exsept €or r.ncumbrmires of r�cnrd. Bunower�vnn•ants and �_'_.._:
<br />�,s .� .. will defend genernlly the title to the Propecry against nll claims and dcmands,subject to any encumbrances of record.
<br />� TH[S SECURITY INSTRUMENT combines uniform covcnanGe for national use and non-uniform covennnts with �_;_
<br /> " limited vari:ttions by jadsdiction to consutute a uniform security Instcument covering real property. a�i,a:-
<br /> UNIFORM COVENANTS. Borrowcr.►nd Lcndcr covensxnt anda�rec as follows: -u_
<br /> � 1. Poyment of PrincipAl�nd Ir�tcrest;Prepayment nnd Latc Cl�arges. Borrower shall promptly pay when due the ��.�
<br /> • principsl of and interest on thc dcbt evidenced by the Not�nnd any prepayment and latc charges due undcr thc Notc. �___.
<br /> . 2. E�nds t�r'[hxes and InsurLnce. Subject to applicuble lA�vor to a�vritten waiver by I.cnder,BOR(1WCl'tiIIAU(31Y IO __
<br /> L,r.nder on the day monihl�r payments are duc under the Note.until ihe Note is paid in full,a suin ("Funds")for:(a)ycarly
<br /> uuces and assessments which may nttain priority over this Sccuriry Instrument us a lien on die Propetty; (b)yearly 1c�5chold _ _
<br /> ° payments or ground rents on the Propeny, if any: (c) yearly hezard or properry insurance premiums; (d) ycarly flaod _
<br /> insurance premiums, if any; (e) yearly mortgage insurancc premiums, if any: and (� any sums payabic by Bonowcr to =___
<br /> Lender,in accordance with the provisions of paragraph 8,in lieu of the payment of mortgage insurance premiums. These
<br /> items are culled"Gscrow Itcros.' Lender may,at any time,collect a�id hold�Lnds in an wnount not to exceed die muximum
<br /> " amoi+nt a lender for a feder•rliy related mortgage loan may requise(o:Bflrrower's escr�w account under the federal Real
<br /> ; 6stute Settlement Procedures Act of 1974 as amended from nme io ume,12 U.S.C.§2601 et seq.("RESPA"),unless another �___
<br /> � ' law that applies to the Funds sets u lesre��.^.:^un�. If sa.I.ender may,at any time,collect and hold Funds in an amount not to ��v
<br /> � " excced the lesser amount. Lend�r may estimate the arnount of FLnds due on the basis of current data and reasonablc �-,p.
<br /> estimntes of expenditures of future Escrow Items or otherwise in uccordance with applicable law. �
<br />� ' The Funds shall be held in un institution whose deposi[s nre insurcci by a federal agency, instrumentality,or entity
<br /> (including L.ender, if Lender is such an insutution)or in any Federal Home Loan B�nk. Lender shall apply the Funds to pay ���
<br /> ,,, . the Escrow Items. Lender may not charge Bortower for holding and applying the Funds, annually unatyzing the escrow __.�
<br /> nccount, or verifying the Escrow Items, unlzss Lender pays Borro�ver interest on the Funds and npplicable law permiGs _
<br /> ' Lender to make such a charge. However, Lender may require Bortower to pay a one•time char�e for nn independent real �._-
<br /> estate tux reporting service used by Lender in connection with this loan. unless applicable law provides othenvise. Unless an �v
<br /> ' agre:ment is made or applicable law requires interest to be paid,Lender shall not be requircd ta pay Borrower any interest or __s
<br /> carnines on the Funds. Bonower and Lcnder may agree in writing,however,that interest shall be paid on the Funds. Lender �z�__
<br /> �.__.
<br /> shall glvc to Borrower,without chargc,an annual nccounttng of tilc runds. snuwiug c�cuiis a��d 3cb�is io il��Fa��°a.��Sl:P _
<br /> purpose for which each debit to the Funds was mude. The Funds arc pledFed as udditional securit,y for all sums sccured by � _
<br /> � this Security instniment. =
<br /> If the Funds held by Lsnder exceed the amounts pen�itteci to be held by applicable law, Lender shall account to dv _
<br /> Borrower for the excess Funds in accordance with the requiremenu ot applicable law. If the amount of the Funds held by T°
<br /> Lender at any time is not sufficient to pay the Escrow Items whe n due,Lender may so notify Bocrower in v��riting, and,i�
<br /> Lender the amount necess ta make up the deficiency. Borrower shall make up the �Y,
<br /> such case Bonower shall pay to �'
<br /> - ' deficicncy in no more than nvelve monthly payments,nt Lender's sole discretion.
<br /> �, Upon payment in full of all sums secured by this 5ecurity Inswment,Lender shall promptly refund to Bonower any ;
<br /> � " Funds held by Lender. [f,under paragraph 21.Lender shall acqu ire or sell the Properry, Lender, prior to the acquisition or ^
<br /> sale of the Property, shall apply any Funds held by Lender nt the ume of acquisition or salc as a credit ag�inst the sums
<br /> securcd by this Security Instn�ment.
<br /> 3. Applicsition of Pnyments. Unless applicable law provides otherwisc, all paymems receivcd by C.ender under
<br /> paragraphs 1 and 2 shall be applied:first,to any prepayrnent charges due under the Note:second, to acnounts payable under
<br /> paragraph 2;third,to interest due;fourth,to principal due;and last,�o any late charges due under the Note.
<br /> 4. Cl�arges; Licns. Borrower shall pay all taxes,asses.ments,charges, fincs and impositions attribuuible to thc
<br /> property which may attain priority over this Security Inswment, and leacehold payments or ground rents, if any. Bonowcr
<br /> � shall pay these obligations in the manner provided in paragraph 2.a if not paid in that manner,Borrower shall pay them on
<br /> , time directly to the person o�ved payment. 8orrower shall promptly(urnish to Lender all notices of amounts to be paid under
<br /> � this parngraph. If Borrower makes these payments directly, Borrower tihall promptly furnish to Lender receipts evidencing
<br /> � the payments.
<br /> -i Borrower shall promptly discharge any lien which has priority over►his Security Instrument unless Borcower:(a)agrees
<br /> � in writing to the payment of the obligation secured by the lien in a manner acecptable to L.ender,(b)contests in good faith the
<br /> .�! lien by,or defcnds against enforcement of the licn in,Icgal proceedings which in the Lendcr's opinion operate to prevent the
<br /> enforcement of the lien;ur(e)secums from the holder of the lien an a�reement satisfnctory to Lender subordinating the lien
<br /> • to this Security Instrument. If Lender determines that any part of t�e Property is subject to a lien which may attain prioriry
<br /> over this Securiry Inswment,L.cnder may givc Borrowcr a notice identifying the licn. BoROti�er shall satisfy the lien or take
<br /> one or mote of the actions set forth above witt►in 10 days of the giving of notice. I
<br /> S. Ht�znrd or Property Insurance. Borrower shall kcep thc irnprovcments now existing or hereafter crccted on thc
<br /> F� Property insurcd against loss by fire,hazards included within the tcmi "cztended covcragc"and any othcr hazarcis,including i
<br /> , floods or flooding, for which Lendcr requires insurancc. This insurancc: shall bc maim�uncd in the amounts and for thc I
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