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<br /> ••�.� � TOOETHBR WITH eli the improvements now or hereufter erected on the pruperty,und ull eusementti,uppurtenances,und
<br /> `���� fixtu�es now ur hereaRer A part af thc praperty. All replacements nnd additian.q shall ulsa be caverai by this Securlty
<br /> "��' ' lnstrument.All of the fo�cgaing is referred ta in this Securtty Instrument ns the'Property."
<br /> �`•''?•' SqRROWP.R COV@NANTS that Borrower lw I�wfully scised uf the cssate hereby canveyed and has the dght ta grunt und
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<br /> - ° canvey the Property ruKi that the Property is unencumbered. except for encumbt�tutces uf rerord. Barrower warnsr►ts and will
<br /> �`..�,�i'f.� defertd generully the tjtle to the Praperty ngutnst all claims and demartds,subject tu uny encumbrnnces of record.
<br /> -_-"•�� THIS SECURITY INSTRUM�NT combines unifarm wvenanGS for nutionul use and nan•uniformcovenantF with limited
<br /> ���� v�.riattons by Jurlsdictiun ta constitute n unifarm�curity instrument caver�ng real pmperty.
<br /> —���` � UN[FORM COVENANTS. Borrower und Lender covcnsint und agrce as faUaws:
<br /> ��- 1. Payment oP Principal and Interest; PPepayment tutd l.ute Churges. Borrower shull pmmptly pay when due the
<br /> ^��� princi�al of and interest on the debt evtdencrd by the Nate and any prepnyment und lute churges due under the Note.
<br /> �T.� �. t. Funds Por Taxes and Insmrance. Subject to applicable law or to a written wniver by I.ender,Barrower shall pay to
<br /> -- Lender on the day monthly payments ure due under the Note.unttl the Nate is puid in full,A sum("Funds")for:(a)yearly taxes
<br />-_--�,'� and assessments which may attaln prtorlty over this Security Iactrument as a lien an the Property;(b)yearly leasehold payments
<br /> or ground nenu on the Property,if any;(c)yearly hazard or pru�peny insurance pmmiums;(d)yearly flood insurance premiums.
<br />--�� if any; (e)yearly mortgage insurance premiums, if any; and (f)any sums payuble by Bonower to Lender.in accondance wlth
<br /> = the provisions of paragaph 8, in lieu of the puyment of mort�age Insurance premiums. These items are called"Escrow Items."
<br /> _+� Lender may. at any time,collect and hold Funds in an amount not to exceed the m�imum amount a lender far a federally
<br />�—�"-y related mnrtgage laan may require for Bonower's escrow account ander the federal Real Estate Settiement Pnwedure.c Act ef _
<br />— �;� 1974 as amended from time to time. 12 U.S.C. Section 2601 et seq. ('RESPA"), unless another law that upplies to the Furtds
<br />_—,:�� sets a lesser amount. If so, Lender may, at any time, rnNect and hotd Funds in an amount not to exaee�the lesser amount.
<br /> Lender may estim�te the amount of Nunds dua on the basis of current data and reusanable estimates of expenditures of future
<br /> �,;3 Escrow Items or osherwise ia�Accordence wlth applicable law.
<br /> � The Funds shalf be held ia aa institutian whose deposits ure irsured by a federal a�ency, instrum�mtdity. or enti�y
<br /> _ (including I.ender.lf I.ender is such an institution)or in any Federal Home Loan Bank. I,ender shall apply the Funds to pay the
<br />---=� Escrow Items.Lender may not charge Boirower for holding aad applyIng the Funds.annuatly analyzing the escrow account.or
<br /> -�--�� vedfyi�g the Escrow Item4, unless I.ender pays Borrower interest on the Funds and applicuble law permits Lender to make such
<br /> ------ a charge.However,Lender may require Borrower to pay a one-time churge for an independent real esta�e tax reporting servioa
<br /> _ — �' used by L.ender in connation with this loan, unless applicuble law provides otherwise. Unless an agreement is made or
<br /> —'� flF�.+lic_qhlP Inw r?s!!�itpc in�erest p�Ix��nid,i xnder chali not he required to�y Bnrn►wer any intenest or carnirtgs on the Funds.
<br /> �� Bomower and Lencler may agree in writing. however,that interest shali be paId on the Funds. Lender shall give to Bornower.
<br />-- � without charge,an ennual accounting of the Funds, showing credits and debits ta the Funds and the purpose for which each
<br /> __ - debit to the Fnnds was made.The Funds nre pledged as addltIonal secur�ty for all aums secured by this Secudty[nsavment.
<br /> - If t�e Fu�ds held by Lender exceed the amounts permitted to be held by applicable law,L.ender shall account to Borrower
<br /> —= for the excess Furids in aaordance with the�quirements of applicable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay tbe Escrow Items when due,Lender may�o notify Borrower in wrlting.azed,tn such case Boirnwer
<br /> shall pay to Lender the amount necessary to make up the deficiency. 8orrower shtdl make up the deficiency in no more than
<br /> twe(ve mot►thly payments,at Lender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security Instrument. I.ender shaU prompdy refund to Borrower any
<br /> � Funds held by I.ender. If,under para�raph 21,L.ender shall ucquire or sell the Property.I,ender.prlor to the acqulsit[on or sale
<br /> — of the Propecty.shsll apply any Furtds held by I.ender ut the time of acquisltIon or sale as a credit against the sums secttned by
<br /> , this Secwlry Instrument.
<br /> 3.Application ot Payments.Unless nppllcable Inw provides otherwise.all payrr�ents reoeived by Lender under parngraphs
<br /> I and 2 shall be applied: first. ta nny prepayment charges due urtder the Note; second. to umounts payable under paragraph 2;
<br /> thiid.to interest d�ue;founh.to principal due;and tast.to any late charges due under the Note.
<br /> -- 4.Ci�arges; Liens. Borrower shall pay�Il taxes.assessments,char�es. fines end impositions attributable to the Froperty
<br /> which may attain pdarity over this Security Instrument. and leasehold payments ar ground rents. if any. Barrower shall pay
<br /> these obligations!n the manner pmvtded in paragraph 2,ar if not paid in.thnt manner,Bomower shall pay them on time dirertly
<br /> tA the person owed payment. �orrower shail promptly furnish ro L.ender�Il notices of amaunts to be paid under this paragraph.
<br /> , if Aormwer mnkes these payments direMly,Banower shsll promptly fumish to Lender receipts evfdcncing the payments. .
<br /> Borrower shall promptly discharge any lien which has prIority over ihis Security Instrument unlass Borrower:(a)agrees in
<br /> writing to the paymens of the obljgation secured by tl�e lien in n manner acceptable to Lender:(b)contests in good faith the liea
<br /> = by. or defends against enforcement of the tien in, legal proceedings which in the I.ender's opinion operate to prevent the
<br /> enforcemant of the iien;ar(c)secures from the holder of the lien tu�agreement eadsfactory to I.ender subordinating the lIen to
<br /> �„� this Security Instrument. If I.ender determines that any part of the Property ia subject to a lien which may attatn prlorIry over
<br /> - this Security Instrument. Lender may give Borrower�nutice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> _-_ more of the actions set foith above within 10 days of the giving of notice.
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