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<br /> �. T�IER WTTli a11 the improvemsnt�nmv on c���;erette�!on the property.and all easea�ats�appurtenances,end
<br /> • fi�tues � os hez�►4�:r a part of the ProF�nY• � �l�ements and adcSitiaas si�all also be oovered,by this Securiry . . -_
<br /> ' insuument. AII uf tise faregoing is c�eferred to in this Securiry Ictstmt�nt as ttce"Prog€rty.°� . . _-
<br />°- BflRR�1tVgR L'OVE�tT.itN'fS that Bnrmwer is Ia�v�i�ldy sef�ed of thd estate her�fsy conveyed aad has tke right to�mnt and
<br /> . misvey the Pnsgert� ar�d that the Fropeny is uaeacum�ered.cxcept for ens�mhrances of r`.cord. Eorrower c�+�ranu atu!wilt `-
<br />_ defead geae:atly the title to t9e,PinPeaY a�ainst alI clairns ans!d�maitds.subject to aay�encumb*anees of reourd. t:
<br /> , �I F�S E C f J�3'Y i N S i'Ri�N7'combines uniform cov�n�s for natioral use aQd,noo-�rmfonn covenant��vith limited `-
<br /> - E-
<br />_ , variari�s by jurisdiciion to canstirute a unifoim security fnsuu��nt coveriag ieai property. � s_
<br /> � UN�E3RM COYE�JAI�'i'S.Borrower and I.eader covenant and agree as Yau¢ws: . :
<br /> -- . I. �v�et�t of Prina�a!and Inte,�st; p�e�ay�eut aad I.ate �r
<br /> ¢haiges. Barrowea�shal!P��Y PaY wh�n due tl�e
<br /> . '�iaciP�f of and interPSt on the debt evid�nsed by th�No*e and aary Pr�pay�enf and late charges dae un�er t�e'Note. e ' `
<br />-- � 2.FQa�s far'Faaes and Lns¢rance:Subjert to applicabte lavr or ca a wretten waiver 6y I,eader, goyro�+er'shall pay ta
<br /> Lender,on the day�nthty�oaymerrts ate due ander the Note,aniil th�Note is paid in ful1�a sum("Funds')fpr(a)yeaarly taaes '
<br /> r
<br /> aad assessments whi_�h may.attain priority over tlus Sec�rity Insirument as a lien on the Property;.(6)YearIq leasehold paymenLs. !"
<br /> , ar pvond rents oa the ProperEy.if any:(c)yeariy hazard or pro�erty insurarts�Premiums;(�yearly flood±��*a�premivaic, - .
<br /> . ��Y;(�1 Y��Y tnartgage iitstcraace premi�uns,if a�r, aad(E�anY sa�PaYable�y Borrower ta I.ender,iw accordauee witli --
<br /> the provisions af parag�ph!3,in lieu of tfte payment of crtortgage insuraar,e Pre�ni�ms.These it�ms are called°Escmw Ite��s.° -_
<br /> � Lende�mtay, at any time,coliest and hotd Fua�s in an ampym nat to e�ceed the maximum a�touny a(ender for a federalty --
<br /> ' �laid mortgage loan may require for Barrower's escrmw�c�aunt uader t�f�deraf Rea! F,tate Settteinen�Pmcediues Art of
<br /> 19T4 as aru�nded from time to time, 12 U.S.G S„�aion 1601 er seg-("ItE.Q�A").nNess aaother iaw tbat appiies to the F�nds r��.�
<br /> seis a lesser amnimL if so. Lender may, at any time,coUett and hold Frmds in an amount not to exeeed the tesser a��tnt. : �
<br /> Lender ma�+ estimate tlte amnunt of Funds dae on the basis of s,vrrent data and reasonabL�esti.anaies of expeitditurts of fuAue �<�:
<br /> Fscrow Items or ot�e�vise in accordance with applicable la�v. ' -
<br /> 'fhe.�unds shaTl be h_!d in as�insEitution whose �ieposits �e iasured by a federal agency. instrumentali �-
<br /> • Cuuluc�ing L,ender,if Lender is svch an institutian).ar in any Federa!Home Loan$�nlc.Leuder shall t3+•.at eniity
<br /> appIy the Funds to pay the ' ���
<br /> �cruw Items.Le�nder may nnt char�e Borrawer for holding aud applying the Funds.annuatly analyzing the escmw acconnt,or °
<br />-- . verifyiag the Escrow Items.uniess Lender pays Eorrower inien,.,.-Kt on tlte�uads and appllcable iaw permits ian ar to make such -
<br /> a c$arge.Ho�Yever,i.ertdee may reqnin Borrower to pay a a�;tune charge for an independent real estate tax reporiin�service �
<br /> �� �Y �� �n wnneMion with this loan, un2ess appliatble law prnvides otherwise. Unless an agreemeni is m�d� vr
<br /> applica6te!aw requim_s interest to tre paid,Lender shall nat be tequire�ta pay$orrower.any interest or eamings on th$.Funds.
<br /> Botrower ant!L.ender ma � ;=
<br /> y agree in writing,hawever,that intemst shall be g�id on the F��ds,i.ender shal!give ta Borroiver,
<br /> withont sharge,an annual acrnunting of[he Funds, shawing c�iu and debiu to the Funds and the � . �"
<br /> purposr for which ea�h ' —
<br /> debit to tha Fun�s was mad�.'fpte Funds are p�eQged as�d��ua�S�rity for al!suu�s secured by tiiis Security InstrumenG --
<br /> If the Funds heId by Lender exceed the amoants permitted to be held hv apglicabte taw.Lender sha�!acGOUnt to Bo.rrower
<br /> for the excess FuIIds in acca�dance with the requirernents of applicable laiv. If the amnnnt of the Funds F.etd by,Lender at any �t`
<br /> time is rtot sufficient to pay the Fscro�v Items when due.I.ender may so.nnW'y�orrower in wridng,and,in sach case Bomower -
<br /> sha11 pay to Lead�r the amount necessary to malce up the d�fciency. Sormvrer shafl make up the deficierccy in IIo atpi�than �
<br /> twetve montttly payments.at Y.ertder's sole discretion_ --
<br /> . Upan Pa�ymem in full of all suuu secureci 6y this Security Instrume�, Lender shal! prompdy refund to 8orrower a�r =
<br /> Funds held by Lertder_ If.under para�raph 21,I,ender shall acquire or se}1 th�property,I,ender,prior to�he acquisition or sate - -
<br /> . of 4he Property,shaq apply�any Fuads held by Lender at the time of acquisitian or sale as a credit againsi the stuns secured by
<br /> this�ecariry Insmur�ent. .
<br /> � 3.Appli�atEoa of Pgymeats.Untess applicable law prpvides othenvise.all paymenu rea;ived by l.ender under para�rapS�s
<br /> 1 aad 2 sha11.6e applled: first, to any prepaymeni charges due under the Nate;second.to amounts payable under pamg,�aph 2; �-
<br /> t�ird.to interest due;fourth.ta priacipal due:and last.ta arry late charges due under the Note. � � k�
<br /> a•C�wsges; Lieas.Borroiver sha11 pay all taxec,assessments.charges. fines and impositions attribata6le to the Propetty
<br /> whirh may attain priority over this Sec�rity Instrument. nnd teasehold a ments or ��`�
<br /> these obiigatians in the manner rovided in ara p y b'*��d rents. if any.Borrower shall pay
<br /> P p �raph 2.or if not paid in.that manner.Borrower shall pay them on time directly '
<br /> to the p�on owed payment.8orrower sha!!promptly fumish to Lender all nolices nf amounts to bP paid urtder this paragr2gls, . �--`.
<br /> If Borrawer makes these payrtrents direcdy.Borrower shalt psomptlg fwnish to Lcn�ter rece' `-=-
<br /> rpts evidencing the paymems,
<br /> Borrower shatl promptly discliarge any lien which has priority over tlus Security Instrument unless Boaower:(a)ap�ees in
<br /> wriGng to the payment oF the obligation secured by the lien in a manner acceptable to Lender;(6)contests in good faith the Iien
<br /> : by. os defcrtds ak*aitnst enforcement of the lien in. lega� prvicecdings which in the Lender's apinion opeiate to prevent the ��•+�
<br /> ,enfor�cm�nt of the lien:or(c)sccures from the holdcr of the lien an agreemcnt satisfactory to Lender su6ordinating the lien to 'i;.;+:
<br /> .this SecuriCy Instcumeni. If Lertder detetmines that any patt of the Property�s subject to a lien which may attain prioriry over Fi,�
<br /> this Security Tnstiumeni.Lender may give Borrower a notice identifying the liea.Borrower shall sadsfy the G�n or take one or =;'
<br /> ntore of the actiom set forth ahove�vithin 10 days of the givi�of noticc. -'ti-'
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