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<br /> '['nCi�'I'kl6R WITH n!1 the impravementn now ar here�Rer ertcted cx►the pmPertY.+ux��fl e�emenu,nppunet�nne�,nnd
<br /> f�xtuxo�s now or txre�8er � pa►t nf the pmperty. All replucrment� eud addi�iotu shall �Iso be corercd by �iE lSecuriey ,
<br /> inaruma�t.All of the fatutoin�1�rcfamod to in this Security Iaatnun�m+u the"Pcc�p�ny." •'
<br /> BORRQWBR CnV@NANTS thut Bormweri,r lawfuily 6eisad+of tho est�tc hereby.�onve�r�d�nd Ns Uw dgM to�tint aad
<br /> convey the throperty and that tfio l'cvperty is m�eixniui�za�{. cxc:.pt far ensun�bra.�n*c� oi r�n1. l3c9mswer waYarzu u�d wil! ..
<br /> defend�eneri►1{y the title to the Prnperty agatnst al cldms�uxi dems+ds,bubjs�cct to�ny enau�aP�+acord.
<br /> THI3 SECURITY INSTRUMBNT cnmbines unlform coverants for rwt[orW use aped non•unifprm eavena�t�with ilratted
<br /> variadons by jurisdicti�n to.constitute a unlform sccw'Ity lnstrument covering tr,�l propeny , "
<br /> tJNIFORM COVENANTS.Borrower and I.endee covens�nt an�agroe+�s follows:
<br /> 1. Pt�ea�t of Prtncipd Qod Interesti �P�Yment and Iate Ch�ee.Bomowrr shxf4 prampilY PuY when duc+thp
<br /> princlpel vf ar�d laurcst on the debt evidenccd by Qie Nate and anY Pre�x►Yiruni nnd late chnrge.g duo uAd�rth+e Nc�to.
<br /> 2.�unds for Taxd and Ie�r�noe. 5ubject to applicuble!aw ar to a written waiver by Lender, Bormwar slull p�y to
<br /> Lendor on the day momhly pnymer+ts cue dua under the Nou.und!the Note is paid in full,a�um("�unds')for: (w)yarly twxas
<br /> and ussossments which may attain prioriry aver this Securlty fnsuument as a lien on the Property.(b3 Y�Y���'!d payi�nts
<br /> or ground rents on the Property.if uny:(c)Year1Y hnzar�or prope�cy Insurance b'nani Borrower to`yLender,in acoo�+d�t►ce with
<br /> if any:(e)Yearly mottgage insurance premiums. if uny;und(�uny sums paY Y
<br /> the provtsions of paTa�rnph 8,in Ileu af 4he payment Qf mortgnge insurance pnmiums,These items utre called"Escmw Itemv"
<br /> I.ender may,at�ny t�me, ooAect and hold Funds in an amount nat to excxxd the maximum amowu a lersder for a faatrsliy
<br /> nelated mortgage loan may rcqu�re for Borrower's escrow account ucKier tha faferal Real Estau Settlenoent Procedwes Act of
<br />; 1974 s�v iuncnded from time to itme. 12 U.S.C.3ectIon 2601 et seq. ("RESnA"), unless another law that applies to the Funds
<br /> sets�lesser amount. If so. Lender may. at any time.collect und hold Funds in an amount not to ea�ead the lesser amoar,t.
<br /> Lender may estimnte the amount of Funds due on the basis of current data and reasonable e.ctimates of expe�clit�res of 8faau+e
<br /> Bsct�ow Items or other�vi.c in accord�nce with applicable ls�w.
<br /> i The Funds shall,be �ield in an institudon whose deposits are inaure� by a federal agency. L�stn�mentalitS+•or entitY
<br /> � (including Lender.if I.cmder is such su►institution)or in any Federal Nome Loaa B:ink.Lender shall apply the Funds w pny the
<br /> Escrow Items.Lender mny not charge Borrower for hqlding and applying th�Funds,unnuaUy unalyzing ihe escmw account.or
<br /> ver�fy3ng the Fscrow Items.unless I.ender pays Borrower interest on the Funds and applicable law pernnu I.eader to make such
<br /> a charge. However,Lender may require Borrower to pay u on�time char�e for an lndependent reul estnu tax ceporting�ice�
<br /> used by Lender in connectlon with this loan. unless appiicabte iaw provides otherwiac. Ucit� a�t a�a►
<br /> applicable tnw requ[res interest to be paid.Lender shall not be requlred to pay Borrower any interest or �ings on the Funds.
<br /> Horrower and l.ender mny agree 1n wdting,however,thut interest shull be paid on the Funds. Lender shalif give to Borrower.
<br /> without churge, an annual accountin�of the Funds. showing credits and debits to the Funds and the purpose for whicfi eac6
<br /> debit ro the Funds was made.The Funds are pledged as additionul seeudty for aU sums secured by this Sc:curity Instrument.
<br /> If the Punds held 6y L,ender excead the umounts permitte�to be held by applicable law.Lender ahall aocount to Borrower
<br /> for the excess Funds In eccordance with the requiremenu of applicuble law. If 1he amount of the Funds held by Lender nt siny
<br /> dme!s not sufficient to pay the Escrow Items wh�n due,Lender muy so not�fY Borrower in writing. and.i� src;►ci+se Borrower
<br /> shall pay to[.ender the umount necessary ta make up the deficiency. Borrower shall make up the deftciency in no morc thna
<br /> tweive monthly payments,at i.eRder's sole discretion.
<br /> Upon payment in fuU of all sums secured by this Security Instn�ment. I.ender sl�all promptly refund to Bc►rrower eny
<br /> Funds held by Lender.If,under parsgcaph 21.I.ender shall acquire or sell the Pmperty.i.ender.prior to the acquisition or sale
<br /> of the Property. sha�l apply any Funds held by Lender at the time of ucquisition or sale as a credit agai�ut the sums secured by
<br /> this Secudty Instrument. �
<br /> 3.Applicatton of Paymente.Unless uppiicable law provides othenvise,atl payments recelved by L.ender under paragraphs
<br /> 1 and 2 shall be epplied:�rsc, to any prepayment charges due under the Note;se�:and. to amounts payable under paregraph 2:
<br /> thjrd,to interest due:faurth,to principal due;und luat,to any late chargc�s due under the Nate.
<br /> 4.Charges;L[ens.Borrower shall pay aq taxes.assessments,charges, fines and imposidons attributabie to the Propetty
<br /> which may attain priorIry over this Security Instrument. and teasehold paymenta or ground rents. if any. Borrower shall pay
<br /> these o5lig�tions in tlte munner provided in paragraph 2,or if not paid in.thut mn►►ner,Honower shall pay them an time directly
<br /> to the person owed payment.Borrower shaiI promptiy turni�ti tu 1.e��Jer ati noticcs of amounts to be pa�d ttsidPr this�.'�ra�nph.
<br /> If Horrower makes these payments directiy,Bonower shall promptly furnish to Lender receipts evideacine the puyments.
<br /> Borrower shall promptly dischurge any lien which has priority over this Securtry Instrument unless Borrower: (a)egc�ees in
<br /> wdt�ng to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests im good faEth the lien
<br /> by. ar defends against enforcement of the lien in. Icgal proceedings whi�h in the Lender's opinion operate to prevent the
<br /> enforcement of the lien;or(c) secures from the holder of the lien un a�reement satisfactory to I.ender subordinating the�ien to _
<br /> this Se�urity InstNment.If Lender determines that any part uf the Property is sub}ect to n lien which inay attain prfority over _
<br /> this Security Instrument,Lender muy givc liorrawer a nntice identifying the lien. Borrower shall satisfy the lien or tnke one or
<br /> more of the uctions set forth abovc within 10 days of the giving of notice.
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