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<br />_ _ � � �. 70tiETHER WITH.all ahe in6provements aow or h.areaf3er emrted on the property, • • �_
<br /> 4°'�,:,`:�°�. fixtarxs now ar kcrafter a pa�t of the PropertY. Ali reptacements and addttions shalt als�s 6e oovered by this Securiry• ��
<br /> . [n�umeat.Ali of the fumgoiag is referred to in this Se�Iry Instrament as t he°P r o p e i t y." � �'
<br /> BOIdROWER COVENANfS that Borrower is fawfuIIy seised of the estate hereby coaveyed and has the right to gtant aad � �
<br /> . _ , wnvey the Pnogertyr aad that the Property is nnencumbered.exaept for emau�ib:ances of recasd. Borrower warrants and�vidl
<br /> �
<br /> -- .-== deferx�geuer.illy tt�6tle Lo ths Property.adainst ap cla�ms aad demands.su6ject to any eacumbrances of reoord. ,�::
<br />'�',•;;, J; THIS SECURtTY INSTYtUMEL�iT oom�oines t�aiform covenants;for mrional use and non-uniform om�enants with limite� �
<br /> -�� variations by}urisdiction to constitute a uniform security instrument oavering t�ea!�rope�¢y., �:.
<br /> - .,_.�...,
<br /> - - �pRM COVENAN�'S.Borrower at�d�i.eader cavenant and agree as follows: �.
<br /> _�.�,f�,;� 1. Paymemt of Priadpa!and Interest:Fre�a3�eat and Late Cha4ges. Borrower shall P��u3+PaY��en du� the �
<br /> -';:��t..�� principal uff snd interest oa the debt evidenced by th�Plote aad a�!Y<P�Payment and tate c6ar�es due uader th�Kote. _:
<br />'.,,..-.::'.:: �.Fy��s fo�Tases and Insuranre.Subject W ag�plicable law or to a written waiver by Lender,Bomower shall pay to. , �
<br /> `��„r ��' ---
<br /> ,�.;:,�i;`:'f`:. - Iender on the day monthlY PaYments are dne tutdac the fiTote.uutil the Note is paid in full.a sdm("Funds")for.�(a)YeartY ta�es =
<br /> ' ' and assessments whtch may attain priority over this Secariry Instrument as a lieo on the Pcnpeexy:(b)Yearly It�nld payments
<br /> _�,���' or grouc�rents on tTte Pr+operty.if an}r;(cj yearlY har�d�r property insutauce pm�simns:(d)Yearh►tlood insazanse pt�emiums. =_
<br /> if any;(e)YearlY mort�ge Qnsurance premiums.if any; and(�anY samv Payable by Boirov�rer w Lendei.in axo:daase with �_
<br /> .�:.z�`:� ,
<br /> :�1::?�js� the pmvisiaas of paiagraph 6,in lieu of the payment of ntdrtgage insarance premiums.T hese i t e m s a r e c a l t a d°E s c c o w Items." --
<br /> T=r �� l.enaer may.st any time,oollect and hoid Funds in an aucount.not W ea�ceed We••,a:;�amonnt a lender fos a fedetally. _-
<br />� y..i:'i^.T' _
<br /> ``-�" ` retated mortgage loan may require for Borrawer's esccow acootint under the f e d e r a l R e a l F s t a t e S e tt Iemen t P r a o e dmes Ac�of _.-
<br />:`-.,��t _l,�,�.. " ° __
<br /> 19T4 as.amended from time to t�me, 12 U.S.C.Se�tion 2601 et seg.( RESPA ),unless auother law t6at applies to tlie Funds -
<br />.�..•,�,;_- .
<br />.;;?';�-��,rr ...- - - - sets_a tesseramnunt:ff�so:L,e��may,at-aay�time,collectand.hoId�unds_in.an_auiow�._not to exceed ihe tesser amtiun� _..._.__ _
<br /> _:.�w:u��� ��a�y�te the amniiri�'of Funds due.on the basis of c�rcent data and reasonable e�-tiroates of expeaditurea of fatnre __
<br />:l�=r;�;, - Escrow Iteaas or othejwise in accozdance wItti applicable law. ,
<br /> � . . The Funds sLall 6e held in an institution wAose depflsits a�insured by a fedeta! agency. instrumeatality, or enrity
<br />`='r;�.� . . ' � -
<br />; _.,.. �iaciuding Lender,if Lender is s¢ch an instiwrion)or in any Fecieral Hame 1-aaz►Bank.l.eader s1ia11 appty ti�Fuads to pay We
<br /> '<,ti�`� Escrow Ifems.Lender may ani cinarge Borrower for 6oldiag and applying the Funtis�aanualIy analycing the escrow aeoount,or �
<br />�=�'�'' � verifyi•ng ihe Escrow Items,unless Lender pays Eorrower inierest on the Funds aad appllcable!aw permits Lender w tnal�e such -
<br />__+�:�:�, . . a'charge.However.Lender may sequire Sorrower to pay a one�time charge.fai an indegeadent ieal estate tax ceportinb setwi�
<br /> 9;�:� �� nsed by Lender in conaecGion with ihis loan, untess applisa6le !aw provides otheswise. Unless an ageeraent is aiade or .
<br />,�e;..',s;,{,� :
<br />��'.r,:,�.', :.� $PPU�te��requires interest to be paid.Lender shall not be requind to pay Borrower any inserest or eamings oa the FuBds.
<br /> , •.�:.� Borrower and I.ender may agree in writing,however.that inter�st sl�all 6e paid on the Funds.l.eQder shall give ta Sorrower,
<br />="','��;��_�'� . withnut charge, an annual accounting of the Funds,showing Fretits attd d�its to the Funds and the p�pose for which eacb � _
<br />_�.:_��a"�✓. debit to the Funds was made.The Fnnds are�ledg�d as additional security far all sums secur@d by ttvk.�,�airity�nsuumen� . .
<br />:-_ -�, If the Funds held by Lender excced the Mn*oants parnuueA So be heId.i�ji'aPPlicable law.lxnd��account to Bortower
<br /> i9jq��"'�� foa t4�excess�utWs in accordaha�with the mquiremeats of applicable law.If the ari�tr•s of the Ftriids held by�.ender nt arry
<br /> '-�v;��.� Lender ma so notify$orrower iw writin and,in svch case Borrower
<br /> -_�,:z�,�_ . time is not sufficiert to pay the 1�sti�row Items when d�se, Y g•
<br /> �;,;'--��: shali pay to Lendez the amoti�E aecess�Y to make up the deficiency.Hoirower shali make up the deficiency in no more d�an
<br /> =-�y� twetve momlily��-.,.��ats,ai I.ender's sote discretIon. � • _
<br /> _:__ � Upon payms,�--��n.futt�ai ali svu�s sec�ued by this Security Instrume�t. Iend�r shall pmmptly i�fund to Bortawer any ,,: .�
<br /> -- ---- Funds held by Lender.If,uadc��garagraph 21,Lender shall aoquire or seU the Property.Lender.prior w the acquisition or sale
<br /> of the Prope�ty,st�atl appl���unds held by Ixader at th�cime of acquisiHon or sale is.a cnedit�o��the sue�s secured by ,� �
<br /> . ' this SecuriCY Insuacment. • � . . . �, �. . •�
<br /> 3.Applicafion of Pay�aents.Onless appltcable law pravides otherwise,aU payments received,t�e.J����P��P� �
<br /> 1 and 2 shall be applied:fust.to any ptepaymem charges due under the Ivote;second,to amounrs�#�!e under.pacagra�h 2; .. �
<br /> third,w interest due;fourth,to princiDal due;a�d last,to ar-a late charges due under the Note. �
<br /> --_----- 4•Charges;Lfens.Bormc+rer shall pay all taaes. assassments.charges,fines and imposItians attdbutab2a to she Properiy .,
<br /> -' - vuldch may attain prIority ovet tlus Security Instrument,and leasehotd paymerits or graund rents. if any.Bo:rower shall pay
<br /> these obtigations i�n the manner provided in�agraph 2,or if not paid i�tdi,at manner,Borrower shalt pay them oa Hme d3rectly
<br />.�w.e�„� to the pesson ovr�'payment. Borrower shall prompaIy fumisB to I,�nder r�i notices of amovnu ta b�Qaid under tbis paraB�Pb•
<br /> _�_— If�orrower makes these payments directly,Borrower shaU promptly fifrnish to Lettde�R�oeipts evidencing the payments. ,
<br /> - -_-- Borrower sball prompdy discharge any tien wluch has�iriority over this 3ecuriEy�sttivment ariless BorrowGr.:�{a?��in '.
<br /> �i� � writing to the payment of the obtigation secured by the lien zn a manner acceptable to Lender:(b)oontests in good t�►ith the lien
<br /> __=-__ � by, or defends against.enforexment�of the lien in. legal proceedings wfiich in the L.ender's opinion op.erate to prevent the
<br /> '— --� �enforcement of the•lien;or(c)secures from the holder of the lien an a�reQrcuat satisfactory to Lee��.subordinuting the tien to •
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