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<br /> TOGETHER R%ITH a!I the smprevements now or hereafter erected on the property, a�d a11 easements, appurten,.nces, and
<br /> fixtures now. or hereafter a part of the property. Alf replacements and additions shall also be covered oy this Security
<br /> i.^.strument. AIf of the foregoine is refetted to in this Security Instrument as the "Property."
<br /> BORRO�VER COVENANTS that Borrowe�is lawfullv seised of the estate nereby conveyed and h2_s the right to grant and
<br /> i; ; convey thc Prop:m- and t�^� the Property is unencurr�bered. �xcept for encumbrances of record. Borrower warrants and will
<br /> ��-� �;efer.d �cnera[1y the titie to the Propeny against aii claims and demands, s�bject io any encumbrances of recard.
<br /> �° TN.IS SECL'RtTY INSTRUMEtiT combines ❑niform covenants f�r national use and non-uniform covenants with lirn;ted
<br /> kr=�� ��ariztinns by jurisdiciio� to constitute?uniform security instrsmznt covering real prepe�y.
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<br /> 1= UNIFOR'�t COVE":ANTS. Bcrrower and Lender cevenant and a�ree as follows:
<br /> �' ` 1, i'aymen: c�f Principal arsd Intere,!; Prepayment and I,ate Charges. Borrower shall pro�ptiy pay when due the
<br /> �°'b-� p:incip�ii <�f anc; intercst c�n thr_c{ebt evidenced by the Note and any prcpayment and late chargrs due under the N�te.
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<br /> � . i�uoc�s i'or 'I�axes and Insurance. Subjec� to spplicable law or ta a wr;tten �-.•aiver by :_.endcr, Borrower shafl pa}� to
<br /> ?:�' 1xr��e;ori tfie day� monthl�� ra}�ments are due under the Note, until the Note is paid in fu�l, a sum�"Funds") fo.° (a)vear!v taxe�
<br /> ' � and a:;ec,me�ts which ;nay attair.priorit}�over this Securitv Instrument as a lien on the P:operty; (b)yearly leasehold payments
<br /> '��.a c�r`_-ound ren,s on the Pro rt if any; {c �zarly hazard or preperty insuranc°premiums: (dl}•early flecd insura�ce p�emiums,
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<br /> �w:= �`z.^.c: !el vcarly rnort�aoe inserance premiums, if any; and (� any sums payab(e by Burrower to Lender, in accordance with
<br /> ?��'��� !Fc provisio�s o�paraeraph 8, i�, liee of th� pay;nent of mort�a_e insurrJ?ce premiums. These iEems are ca(led "Escmw Itemc.'"
<br /> k � L.en�i�r ma�:. at an�� time, cnllect and hold Funds in an amount r,ot to e!cceeu the masimum amaunt a lender io* a federall�,�
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<br /> .�r� .�:::teU rnort,•aee Ican may reyuire fo; Borrotir�r's escrow account under the federai Real FstatP Setdement �'rocedures Act o;
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<br /> ,� �, as a,,.end�d from time to [ime, ?2 li.S.C. S_ction 26Qt er,reg. ("RESPA"}, unless another law tF:at app!ies to the Fun3s
<br /> �;� sets a :es.;er amount. If so, I_en�er may, at a:�y time, collect and hold �'unds in an amount not to e°ceeu �ne Iess�r amount.
<br /> � " Lender may e.,timate iFe amo��nt of Funds due on the basis oi current daca and :easonable esti�r:stes of expenditures of fature
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<br /> �� Escre�F•Iterr.s or otherwise ir accordance with applicable law.
<br /> �� The Func{c si�a!; he held in ari irstitution whose deposits are insur�d by a federaf a2enc}�, instrumentuGty, or er.tity
<br /> .� �inc:udir,g Lender, if Lender;� such an institution;or in an� Fed:,ral }�ome i�an Banic. L.ender shall appiy the Funds to pay the
<br /> . SCfO.'�' �(Cii:. L�rl:}°_�7113}' I::�I C�1��rvC bC:CO:':C: f0i f10�(:IP.�L'8i1C1&rplying !he F�n_:, afl(1U��:�� BTttiy'll�a !�iC CSCfOl4' 3CCOFIIII. :;f
<br /> � .� ��er��in� t}ye rscrow Itemc, unless Lender p,�s Borrewer interest on t;�e Far.;;s and a�,�iicah�e law permits Lender to make eoch
<br /> �, a ch.ir,r. flc,�ae��e-. Lencier m.�� require Borrou•er to pay a ene-time cha�gc for an inuependent real estate taz re,�rting ser�ice
<br /> �:��: u,eti h} Ler3:r :� :onne<tinn ��;!h this loan. un(ess applicah;e la�, prevides othen�ise. Ur.less an agrecment is made �r
<br /> '��"+ '� w te�uires interest tc be 1i�i Lender chall not be required to Fay 8orrower any in�erest or earnines on the Fund;.
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<br /> ���: Borrc��tie; a:.d Lender ;nay a�ree in �vrit�ng, however, tnat irterest shzli be paid on the Funds. Lender shall �h-e ro Borrower,
<br /> „+?�! �s�t;�out cF:;�•e, ,n a�inual accoun;in^ �if� th? Funds. showir.Q credits and debits to the Funds a:^.d the purY�,� for �thich e�ch
<br /> ��``�" dcnit to the F�m,ls �as m:ide. The Funds are led�ed as additional securitv for al! sums secure�by thic Securi,�� Instrumem.
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<br /> I*;he Fue�'s hcld tn• Ler,der exceed the amounts p:rmitted !o be he!c`. b;� apniicable law. Lendcr shali account t:� Borro��cr
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<br /> �,��j t-�* the cxces� Fur;ds in acco;ciance �rith tf;e reyuirements of applicaole law. if the amount of the Funds held b�• Lender at ar.v
<br /> '�`y`�'` ti;ne is not sui!icient tc�pa} the �scrow Items«�iie�due. Lender ma}� s� notify B�rro��•e*�n writine, and, in e�ch ca5e Borro�t�er
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<br /> �a;:;?�: �hali pay tv Le;�der th;. an;ount necessan to make up the deficiencr•. Borrower shall malce up the deficier:cy in no more th•an
<br /> , ` twcivc morth!v �;���mcr.rs, at Lcnuer's sole discretion.
<br /> �`� L'Eion oa}ment i�� fall of u" ���.�rm secured by this Security Instrument, Lender shail prompUy refund to Borrower ar,v
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<br /> �� (�ifr.ds i�cld b_r I.ender. IE, under ,:.::_,graph 21. L.ender shall ^cquire or sell the Property, Lender, p�e�r ro the acy��isitien or sale
<br /> ����" �,f th� P;operty. shall app;y am� Funds held by Lender ai the time of zcquisition or safe as a credit against t,`�� sums secured bv
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<br /> N`'�;, this Security Ins�rument. '
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<br /> f``' i 3. Application of Puyments. Unless applicable law provides ottienvise, all payments rccei��ed by Ixnder under rara�raph�
<br /> 1 and 2 shall bc aE p!icd- first, to am• prepayn?ent charges due under the Note; second, te amoun[s payable under Faragra�?h 2;
<br /> !�; ;:ii;d, to interes:due: t��urth, to �inci ai due; and lac?, ta any late cliar ee due ur.der the Note.
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<br /> � �. Ctiar�,e;; Licnr;. Borro�.�er sh�ll ptiy all tares. assescments, chargcs, (ines and impositions attributable to the Prnpert�
<br /> which rn:�v attain piic�rit� civer this Security Instrume�t, and leasehold payments ur ground rents, if any. Borrower SI73II �:1�
<br /> `-�ri these o��G�a±ir,ns ir�� t;re tnanner provided in paragraph 7., or i:nat paid in that manner, Borre�w•er shall pa�� them on t;ine dire�•tly
<br /> ���`��'' to the �r,on c�wed isrnent. Borro�,ver st�a!! rom tl• furnish to Lender all notices o�amounts to be aid under this �Zra�r� h.
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<br /> �-=��y 1� F3urrowcr rnake�; these p•�yments direc!(y, Borrower ;hall �mr;�ptly furnish to Lender receipts evidenci.ig the�p�yments.
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<br /> �.�,�{ F3or.*o�.vr_,-;liall prr�;»����-���;�har_e any lien �ahich has nriority over this Secutity Instrument unless Borro�ver. (a)agrees in
<br /> :�;3�� wri!in� �•� tl;e pa��men; of ttie obii�a!ior. �ecured �y the lier ir a rnar�ner acceptable to L.ender, (b)contests in goocl faith tl�e lier.
<br /> .is h}�, c�r clefrrid; a�:+in�t enti�rcemert of the lien in, ;eeal prereedings :�hich in the L.ender's c�pinion operate to pr,��ent th�
<br /> �' r•n?or�-crnent o[ the lien: nr (c) secures frorn the hiilder oi�tiie lien an aerc�ement satisfactory tc� Lender suh�>rdi:�atin� the lirn te�
<br /> �',.; ;��i�� Sc�.:�in!� i��.�,?rumcnt. ]f L�:nuer determine•s that an}' puri of tnA Proper-ty� is subject [o a lien which nZ.!y attain pri�irit�� <;�cr
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<br /> �,,, ;hi�; Sccurit}• ;nstruiT;cnt, Lender m;�y n.ive Bc�rro�ver a notice identi£��ing the lien. Borrower,hall satisfy the lien or take�ne vr
<br /> °'�� �nor�c,' �itc actic>ns set forth abo�•e�a-ithin 1C days n;the giving of nc��ice.
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