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<br /> A �,,, s �OGEftiER WITfi all t$e imprOvemenL�,notv or hereafteT erCCted o�1 the ProPenY.and all.qsements.aPPartenanoes.aud . �. _
<br /> S : . fixtures now or hereufter a part of the property. AI1 replacemeats $nd addItions sball aIso be cover�d 6y tius Serutity �— ---
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<br /> ?�:1 �. : Insirument.Ai!of the foregoing is mferred to in this Security Tnstcament a�the"Property."
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<br /> ` •� t i: � BORRORfER COVENAPiTS tbat Borrower is lawfull}r seised of the estate heceby oonve3red aad has ti�rig6i to giant and
<br /> i � ... cam+ey the Propertv and[hat the Praperty i� imencumb�;exoapt for'encumbraa�es o€record. Borcower warranis and will � - - -
<br />.;�- . � ,. , ;. f defend generafly the•titte to the Prapeity ag �a��r all claims and demands.su6ject to any encumbrdnces of record. � -
<br /> , .� TI�IIS SECURII'Y INSTRUMENi'�ombines aniform caveaants for r�arinr.al use and non-nnifom�wvenants.witH limit�d� - - _'—
<br /> :- -- wariatiaas by j�isdic4ion to constitnte a uniform security inswmer.t,covering real pmperty. . - __ -_
<br /> :�, �: �� UNIfiORM COVENANTS.Borrowelr aad d.ender cwenani and agtee as follows: � -
<br /> .' • - , . �' ; � I. Faymeat oY Prindpal aII�Int,erest; prePapment a�d Late CLarges. Bo:rower shall P�mPUY PaY when due the' '
<br />_._"' ..�-:;. . ,``, ! Prin:ip�1 of aicd interest on the debt evidencEd by the Note and aay prepayment and Iate charges dus tander t6c Note. •
<br /> `�:�� :"�`�.: � 2. F�mds for TaTtes sind rna,.�aRCa_ S�j��applicable law or to a written wai�er by Lender, Borrower shall pay to
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<br /> '.'�`u' � � l.eader on tlte day inonthty paycriems are due under the Note,uatil the Note is paid in full.a sum("Fuads'j for.(a)yearly taxes
<br />'__ _ ... : N and a�S�cments 9vhich may attain priority aver tlus Securi�y Tnstrument ac a IiQn on the Property;(b)Yearly�leasehoId Qaya�enis
<br /> =+ ' '• or ground rents on the Property,if any:(c)yearly ha7ar,d or praperty insurance premiutns;.(d)ycarly Qood insuraace prcmium�.
<br />-`':•��.,,.. , if any:(e).YearlY dwrtgage instirance premiums.if any;and.(�anY�PaYable by 8orrower to I�nder,ia�CCardanoe with
<br />�-.. ; ; , the pravisions of paragiaph 8,in lieu of the payment of mongage insu�ance preauums.l7iese items aze ralte�"Fsccnw Iteuis.°
<br /> __ - ;�'.'•:': : ' Lender may,at any time, coUect and[�otd Funds in an amo�t not to exceed the maximum amount a Ieader far a f�erally ' .
<br /> �",:'•'c''.;• . . . :s� : retated mortgage loan may reqoiK fnr Borrowet's estraw account under the federal Real Estate Settlement ProcCdures�lct of
<br /> �'-- � 1974 as amen�from time to time. 12 iF.S.C. Secaon 2601 c�t seq.("R�.SPA°),unless another lav�that applies to tlie Fuads.
<br /> s.:.,.-a•�.-. . . •
<br /> �� . • � i. � sets a lesser a�omrt. If so. Lender may,ai any dme, co�fect and I�old Funds in an amaimt not to exceed the tesser amaunt.
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<br />'�.f_._w_.:_.,^ .�. ' : Le�+er may estimate the amrnmt af Funds due on the bass of currerit data and reasonaDle estimates of expenditUres of fuWr6 ' '
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<br /> • �-" � -�s�w�Iteras or otlien4isein accordance with applicable fa�v. •
<br /> - . . The�unts shail 8e hetd in an institurion whose deposiu are i„sured by a federal agency, insuumentality, or entity •
<br /> , , .. (includ�ng Ler��.if Lender is such an 9nstitutioa)or in any Federal Home Loan Bank.Lender shall apply the Fuads to pay the '
<br /> �.� �.:; • Escrow ttems.Lender rtiay not charge Borrower for holding and applying th�Funds,annuatly analyzing ihe escraw accoant�or
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<br /> "'�,'":'" � ' , .. verifying the Escrow Iterns,unless L�ender pays Boaower iaterest on the Fuuds and�pplicable law permits Learder to make such � —
<br /> , , a charge.However.Lender may require Eorrower to pay a one-dme charge for az irv�ependeni r�a!estate tax reporting service -
<br /> ' . . . ased by Lender in connection with this toan, untess applicable !aw provides otherarise. UNess an agreement is made or
<br /> • applicable law requires imerest to be paid,Lender shall not be required to pay Boaawer any interest or eatnings on the Funds.
<br /> `� `�� , , Borrower and L.ender may aPre,e in writing,[rowever,that interest shai[be paid on the Funds. Lender shall give to Borrower.
<br /> ` � • • without charge. ar�annual a000unting of the Funds, shan-ing credits and debits to the Funds and the puipose for which eacb
<br /> . , , . • d�s��to the Fun�s was made.The Funds are pledged as��j-,'_*�'.oc431 security for all sums secvred by tnis Security.Instrument. ��
<br />: _ If the�Fuads held by L,endgr exceed the amounts per�itted to be held by applicable law,Lender shall acaourl to BarmvreF �-=:-
<br /> : ,_,_., for the excess Fands in accordance with the requirements of applicable law. If the amount of the Funds held by I.ender at any ��-�_.__-_
<br /> '�:,,:�-�-=�:.:�. rime is not sufficient to pay the Escrow Items when dae. Lender may so notify Bomower in w�iting,and.in such case Boxrower
<br /> • shall pay to Lender the amount necessary to make up tt?:,3eficiency. Bocrower shall malce u the deScien �=—
<br /> ,i• :. twelve momlil P cy in no inore tl�an ` _
<br /> �'� � y payments.at I.ender's sote discretion.
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<br /> - _ _� .. Upon Qayment in fuil of all sums securec!by tbis 5ecurity Instrument, Lender shall promptly refund to Bomower any
<br /> �" Funds held 6y i.ender. If,under paragraph 21.Lender shall acquire or sell the Property.Lender.prior to the acqaisitian or sate �-�
<br /> .,,�:.;,,',. • �
<br />:-;;j���,�:_:t,. of the Property, shaU appiy any Funds held by Lender at the time of aoquisition or sale as a credit against the sums secured by
<br /> --.---�' this Sea►riry Instrument.
<br />"�''����'f'�` 3.A Ifca�tton of,?a �
<br /> ,'�:=�;.,�����• . . pF yments.Unless applicable law prnvides othenvise.all payments received by I.ender under paragaphs
<br />_'=a�:'� r` 1 a.acd 2 shall be applied:first,to any prepayment charges wue under the Note: second.to amounts payable under pauagraph 2;
<br /> �'�� � •_ � tfiird.to interat dae;fourth,to principa}due:and last,to any late ciiarges due under the Note. � —
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<br /> _� ' ••• 4.Charges;LIens.Bonowcr sha!{ pay all taaes,assessments, chw�es. fines artd impositions attri6utable to the Progerty
<br />-�n: . � . wtz�ch may attain priority orer this Security lnstrument. ;�v�leaseho(d paymenu or gruund rents. if any.�Borrower shall pay _ .�
<br />_�� t��obligations in the manner Frovided in paragraph 2,e�if not paid in that manner,Borrower sha31 pay_them on time directly ��"'"`—
<br /> - ta t'ite person owed payment.Boaower shall promptly furnisb to Lender aU notices of amounts to be paid under this paragraph. �
<br />,'�- ' _ � ' If Borrower makes these payments directly,Lcrrower shall promptly furnish to Lender recei ts evidencin '��'���.:
<br /> . � P 8�PaYmeats. ,;.
<br /> Borrower shall rom tl dischar e an t�en which has narit over this Security instrument unless Borrower:(a)agrees in `�`-:�>�"'"�`
<br /> �'� ' .. P P Y g 9 � P� Y
<br />�-�.:,.�E-::�. � w•riung to the payment of the obligation secured by the lien in a manner acceptable ta Lxnder:(b)contests in good faith the lien -=,._��•
<br /> .'��:-?�'�:'._ � by, or defends against enforcement of the tien in, lega!praceedings which in the Y.ender's opinion operate to prevent the
<br /> ��' enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to
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<br /> ��`x.�;:'"� , this Security Iastrument:lf I.ender deiertnines that any part of the Pro u �
<br /> _�, • ;_ ��: . perty ' subject to a lien which may attain priority over • .
<br /> RY,. this Security Instrumeni.Lender may give Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or " '
<br /> ��^'�:�`'T�' � �-� more of the acGons sct fanh above within 10 days of the giving of notice.
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