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<br /> TOOETH�R 1NiTH all the ImpmvementR now or hareaftet erectcd on tha proporty.��n11 c,asemcnts.nppn-rTe��rtas.ard
<br /> tixtures now on c�reaQer a piut of the praperty. Alt replaoemcnts and uddttiona ehalt also bo wvered by thls Security
<br /> instrument, wll af tho forcgoing is r+ef�rccd to in thie Secu�ity instrament as ehe"Property."'
<br /> I�OYit�UWEA COV�NANTS tbat Bormwer is inwfuily Reised of the estnte hereby canvaycd nnd has the right to grant and _,
<br /> eanvoy tha Property and thAt tho Property iA unencumbered. except far encumbrnnoes of cecard.Borrower warcants and will
<br /> dofcnd gcncraliy thc titlo to tho Pmpcny agxinat ull claime and demends.subject to any cncumbranas af record.
<br /> THIS SECURITY INSTRUMBNT combines uniform coventutte for nadonul use and non•unlform covcnants wtth lfmited
<br /> vudutions by jurisdiction to conetituu a untform security lnstrument covering real property.
<br /> UNIFaRM COVBNANTS.Bonower and Lender cpvenant and agree as followa:
<br /> 1.P�ymenS of Prlttclpsl aad Inten�st= 1Pre�ytr►ent and Lnte Chsrges. Borrower shall promptly pay when due the �
<br /> prfncipal of and intet�est un tho debt evidenad by the Note and any ptepayment and late chnrges due under the Note.
<br /> 2.Fltnds ior Taxes Wnd Insurance.Subject to applicable law or to a wrttten waiver by Lender.Borrower ahall pay W
<br /> Lender on the day monthly payments are due uuder the Note,unW tbe Note is paid in tWt.a sum('Funds")for:(a)yearly taxes
<br /> and assessments which may attain priority over thts Security Instrument as a llen on the Property: (b)Yearly leasehold paymenta
<br /> or ground rents on the Property.if any:(c)yeariy hazard or property insurance premiums:(d)yearly tlood inaw�aoe premiums,
<br /> if any:(e)yearly mortgage insurana pretaiwns. if any; end(�eny sumc payable by Borrowet to Lender.in acx�ordance wlth
<br /> the provistoas of paragraph 8.in lieu of the payuaent uf tnottgage Iasurance premiams.Thesc+�tcma are calle�"Escca�v Items." -
<br /> Y.er►der may.at any time. coUat and hold Fuads la en amount aot to oxceed the maximum amouut a lender for a fedetaQy
<br /> related mortgage loan may require for Borrower's escmw account under the federnl Real Estate Settleanent Procedures Act of
<br /> 1974 as amended frc,u�time to dmu,t2 U.S.C. Sectjon 2601 et seq. ("RFSPA"),unless enother lnv�th�t upplirs to ticc Runds -
<br /> seta a lesser a►nount. If so, L.ender may,at any dme, collect and hold Funds in an amount nai w exeead the lesser amouat.
<br /> L.cader may estlaiate the amount of Funds due on the basIs of current data end reasonable estiaoates of expenditures of future
<br /> Escrow Iterrn►or otherwtse in accordance wlth applicable law.
<br /> The Funds shaU ba held in an ic�stitudon whose deposlts are insured by a federal agency, iastrumentality, or enuty
<br /> (including Lender,if I.ender is such en instlwdon)or in any Federal Home Loan Benk.L.ender shdl apply tho Funds to pay the
<br /> Escrnw Iteu�.L.ender raay not chargo Borrower for holding end applying the Funda.annuaUy analyzing the escmw eccuunt.or
<br /> verifying the Escrow Iten�.untess Leader pays Borrower iuterest on the Fuads and applicable luw permits Lender to malce sucb
<br /> a d►argo.Howaver.Lendcr�iy r�uir�Borrower to pay a astc-t�c ctsarga far�ss i�de�x3ent�esl esisic tex s�ili�g ssivic+� �
<br /> . used by Lender in c�nnection witb this loAn. wiless applicable lavr providea otherwls$. Unless an agrcement ta made or
<br /> appiicable law rquires interest w be paid,Lender shall not be require�w pay Borrower any latetest or earnings on the Fwide.
<br /> Borrow�r and I.ender may agree in wrhing, however.that interest shall be paid on the Funds. Lender ahall give w Borrower.
<br /> wlthout charge. an anuual accounting of the Punds. showing credits and debita to the Bands end•tha putpose for wluch e�efl
<br /> debit to the Funda was made.The Funds are ple�ged as eddtdonal security for al:aums securcd by thia Security tnamumnt.
<br /> If the#�unds held by L,ender exceed the uwounts permitted w be held by xpplicable law,Lender shall account to Borrower
<br /> for the excess Funda in accordance with the requirements of appl{cable law.If tha emaunt oY the Funds held by Leader at any
<br /> time is not sufRdent W pay the Escrow Items when due,I.ender may so aadfy Borrower in writing,and.in such case Borrower
<br /> shall pay to Lender the amount neassary to make up the Qeficienry. Borrowor shall make up the de�icien4y In no aaore thaa
<br /> twetve montiily payments.at I.ender's sole discretion.
<br /> Upon payrnent in full of dl sums secured by this Securfty Instrument. Lender shall promptty refl►ud to Aoaower any �
<br /> Fonds held by�.ender.If.under paragraph 21�3.ender shali acquire or scii�he Pcuj,crty.I.�idee. pd�r to the asqu3sld�a ar�.� --
<br /> af the Property.shail apply any F�nds held by t.ender at the time af sicquisition or sale as a credit tigeinat the sums secv�+cd by
<br /> this Securlty Insnunnent. .
<br /> 3.Applic�tion of Poyments:Unless appltcable law provides otherwise.a!!puyme�fts nceived by Lender under paragrepha
<br /> 1 arut 2 shal!be applied: first, co any prepayment charges due under the Note;second.to amounta payal�le under paragraph 2;
<br /> third,to intemst due:fouith,to principal due;and lest,to any�ate charges due under the Nou. '
<br /> 4.Charges;Liea9. Borrower shall pay ail taxes,essessments,charges, fines and lmposiHona atttibutable to the Property
<br /> which may attain priority over this Securtty Instrumenc. and leasehold payments or gr+ouad renta, if eny. Borrower s1�aH pay
<br /> [hese obitgations in the manner provide�d in paragraph 2,or if not pntd in.that man�}er.Horrowcr sha11 pay thtra an Ha�o d�nctly
<br /> to tho person ow¢d payment.Rorrower shall promptly furnlah to Ltimder all notias of amounts to be paid.undar this paregraph.
<br /> If Borrower makes these paymencs direcely,Borrower shall prompdy fwnish to L.ender receipts evidencing the payments.
<br /> Bomnwer shalf promptly dischurge any lien which has pdortty over Wis Secudty Instiument unless borrdwe'r.(a)ag�+ees in
<br /> writiag to the payment of the obliga►ion secured by the lien in a msnner acceptable to L,ender;(b)contests ia gobd fitith the Ifen
<br /> by, or defends ngainst enfosremeat of tha I{en in, legal prnceediags which In the Lender's optnion operate to provent the
<br /> enforament of tha(ien:ar(c)socures from the I�older of the iten an tigreement satisfactory to L�ctder subordinating tha lien to
<br /> this Security Inswment. If L,ender determines thnt any part of the Property is subject to a lien which may attain prinrIry over
<br /> ' thts Secudty Instament� Lender may give Bonower a notice idendfying the lten.Borrower shall satisfy the lten or take one or
<br /> � more of the actlons set forth above wlthin 10 days of the giving of notice.
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