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<br /> TOOETNER yY17"H al�d►e improvcments ns�w or her�after erert�an di�property. nrtd ul�eusementa,app�� enun .ar�d
<br /> iixwrcw now or hercafter u part of the property. All replacementa snd udditlons Rhall nlso be wvera! by thia SecurIty
<br /> Instrument. Ali of thc forcgoing is rrfcrnd to fn this Secudty Iastrument ag the"Property."
<br /> BORROWBR COVEN�0.NTS thut Harrowtr is lawfully seised of thc estatc hereby conveyed und has the right to grn�t and
<br /> canvey the Property and that thc Property is unencumbered.except far encumbrance.v of record. Borrower wurrnnts and wili
<br /> d.^.fc�td gcnemily the titla to titc Ptoperty n�Ainst all cluims itnd demunds,stsbject to nny encvmbra�i�of record. �
<br /> THiS SECURITY INSTRUM�NT cambines uniform covennnts for nutionul u�e and non-uniform covennata with limtte�
<br /> vudattons by jurisdiction to oonstitute a uniform security instrument oovering renl property.
<br /> UNIFORM COVBNANTS.Borrower and I.ender covenont nnd ogree as followa:
<br /> 1. P�yment ot Princtpal wnd Inte�est; Prepayment and Late Charge.s. Borrower shull prnmptly puy when due the
<br /> principal of and iaterest on the debt evldenced by the Note and uny prepuycnent and late churges due under the Note.
<br /> 2. Fatad9 for Ttutes and �u.sttrAace• Subject to uppficabte tuw or to a written waiver by Le�tder. Barrower shal!pay to
<br /> [.ender on the duy monthly payments are due under the Note.unul the Note is paid ln fuil.a sum("Funds")for:(a)yearly taxes
<br /> und ass�sscnents which may utuiin prtorlty over thia Secudty Instrument as a lien on the Property;(b)yearty leasehold paymenta
<br /> or ground rents on the Property.if uny;(c)yauly hu�ard or property insumnce premiums;(d)yeurly flood insu�noe pcemiums.
<br /> if nny: (e)yeurly mortgage insumnce prer.�iums. if any;a�td(�uny sums puyuble by Borrower to Lender, in accor�auuce with
<br /> thc provisions af puragraph 8.in lleu of the payment of mortgase insurance premiw�ns.These items are caUed"�.'scrow Iums."
<br /> L�stdec may. at nny time, coUect and hold Funds In an amount not to exceed the maximum amount a len.der for u federally
<br /> oelated mortgage loan may requlre for Borrower's escrow aocount under the federai Rea!F.stete Settlement Proceduces Act of
<br /> 1974 as umended fmm dme to time, 12 U.S.C. Sacdon 2601 et Jeq.("RPSPA"),unless another law that applies w the Funda
<br /> sets a lesser amonr►t. If so. [.ender may. at any dme. collect und hold Fands in an aatount not to exc�ed the lesser amount.
<br /> Lender may estimate d►e omount of Funds due on the basis of cwient data ond[easonable esdmates of eapenditures of future
<br /> Escrow Items or otherwise in ucm�ce wtth appl(cable law.
<br /> The Funds shall be held in an institurion whose deposits are jnswed by a federal agency. instnunentnlity. or entity
<br /> (including Lender.if i.�nder is such an institution)or in any Federal Home Loan Baak.Lender shalt apply the Funds W pay the
<br /> Escrow Items.Lender tnay not chatge Borrower for holdiug nnd applying t7ie Fuads.unnually analyzin�the escrow acoount,or
<br /> vRrifying tite l3.scrow Items.untess Lender pays Bornower interest on the Fu�nds and applicabfe law pemiits Lender to make such
<br /> u charge.However.Gender may require Borcower to pay a one-time cha�e for an independettt real estate taa reporting service
<br /> uc.�l by l.ender in oonnectlon with tbis loan. unless appllcable law prnvldes othenvise. UNess sa agreemeat is tnade or
<br /> applicuble law requims interest w be paid.I.ender shall not be reyuiced to pay Bomow�r any interest or eamings un the Nuads.
<br /> HoTrower sind Lender may agree in wridng.however� that interest shull be paid on tha Fands. I ender shall give to Borrower,
<br /> without charge. nn nc►rtunl na:ounting of the Funds.showing credits and debits to tha Funds snd the purpose for which each
<br /> deyit to thc Furtds was made.The Funds cue pledged as addltlonal securiry for all sums sec.vred by this Secudty Iastrument.
<br /> If the Funds held by Lender exceed the amounts petmitted to be held by applicable[aw.l.ender shall a000unt to Bor[ower
<br /> for the excess Funds in s�oordance with the requirements of appitcable law. If the amount of the Funds held by Lender at any
<br /> tlme is��ot sufficient to pay the Escrow Items when due.Lender may so notify Barrower in cariBag, and.in such case Sornower
<br /> shall pay to Lender the aaiount necessary to malce up the deficIency. 4lorrower shall make up the deficiency in ao mvre than '
<br /> twelve monthly payments.at Lender•s sole discretion.
<br /> Upon�f�yment in fult of nll sums secured by this Security Instruntent. Lender shall promptly c+efund to Borrower aay
<br /> F�nds held by Lender.If.under parngraph 21.Lender shall aoquire or sell the Property,I.ender,prior to the asquisition or sele
<br /> of the Propeity.shall aPPly nny Funds held by I.ender ai the dme of aoquisiNon or sale as a credit against the sums secured by
<br /> this Securiry Inswmeat.
<br /> 3.Applicadon ot Aayments.Unless applicabie law provides othe:wise,all payments resoeived by L�ender under Qatagraphs
<br /> 1 and 2 shall be applied:first. to any prep�ment cbarges due under the Note: seoond.to amounts payable under paragraph 2;
<br /> third.to�nterat due;fourth,to princjpal due:nnd last.to any laze charges due under the Note.
<br /> 4.Chnrges;Liens•Bomower shall pay all taxes.assessmenu.charges.fines and impositions attributable w the Froperiy
<br /> w,hich may quain priority over this Security insuument. and teasehold paymenu or ground reats. if any. Horrower shall pay
<br /> these obligattcns in the manner pmvided in paragraph 2.or if not paid in.that manner,Borrower shsill pay them on time dic�actly
<br /> to the person awect payment.Borrower shali prompily fumish to Le�der all notices of axnounts to be paid under this paragtaph.
<br /> Jf gp�t�o�ygr make,these payments directly.Borrower shall pmmptly fumish to Lender receipu evidencing the payments.
<br /> Borrower shall pmmptly dlscharge any lien which hs�ss priority over this Security Instnunent nnless Bomower:(u)Agraes in
<br /> writing ro the paym�nt of the obligation securad by the lten in a marucer ac�ceptable to Lender;(b)contests in goa!faith the lie.n
<br /> by, or defends against enforcement of the lien in. leg�l proceadings whtch in the Lender's opinion operate to pre:�nt the
<br />- enforoement of the lien;or(c)secures from the holder of the lien an agreemznt sstdsfactory to[.ender subacdinating the lien to
<br /> thls Security Instr���at. Ii•Lender detemnines that any part of We Property is subject to a lien which raay attain priority over
<br /> tb1R Security Insuurnsnt,Lender may give Borrower a norice idenrifying the lien.Borrower shaU saNsfy the lien or teke one or
<br /> more of the actions set forth above within 10 days of the giving of notice.
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