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<br /> 4�'�'-�� 100086
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<br /> _ i, TOOE'1'HF.R WITH all the it�provcrr+rms now ar hercaf�c�cn�ted on thc pn►pcny.�Qnd ull ra+emcnix.appurtenanccr�,
<br /> and fixtures now on c�rcuflcr u part of�he propeny. All rcpluremcntx and udditions xhall al►w be covrrcJ by thir Secud�y
<br /> 1 Inswment. All of the Pnregoing ia rel'erred 10 in Ihi+Secudly Intiuument us Ihe"Propeny:'
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<br /> . .•,, BORROWER COVENANTS thut &�rrowrr is IuwPull�•xcired uf Ihe e�lutc heRby comcycd und hur IFK�ight tu�trunt
<br /> ?�.� ..�� und canvey the Praperty und thut�he Rupeny is u�x:ncumbered,rxcept fur encumbrunce.af terard. B�xrc►wer wurrant�+utJ
<br /> ' ' will defend genernlly the title to the Pmpehy uguinxt al)cl�im�and demwuls,subj��c1 to uny encumMunces nf record.
<br /> '"� • . ���� THIS SECURITY INSTRUMfiNT combines unifum� cuvenrnt� fiir nu�iuuul u� :uid nan-uniform covenam* with .�-
<br /> ���-f°'-`�*��• ' limited variatians by jurisdic�ion to constitute a unifum��ecu rily insuument cave�ing reAl prop�:rty.
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<br /> �~' � ° `��:,�,. UNIFURM COS�ENANTS. Ho�rc�N•cr and Le�xier cuvenant and aFree as fallaw�: P P Whcn due ti� __
<br /> - �=�;°, l, PAymeM ot P�inci�wl�nd lnterest;Prepaymmt Aad Lote Chs�rges. eorr�wer wiudl rom tly puy
<br /> _�:"��� .. .,,,� ' principul of and intemst on the debt evidcnced by the Note and any pn:payment�nd lute chnrges due unde�Ihe Nate.
<br /> e" 2, htinds far 7Y�xes nnd lnsurance. Subject to upplicuble luw ar to u written wuiver by Lender,Barrower shall puy to
<br /> ��'���� '�Y'�`� ' Lender on the day mon�hly pnymen�s cue due under�he N�te,until lbc Nute is paid io full,u+um("Funds"1 for: lol ycarly
<br /> -_- _�.d... '?�,.•, ` .
<br /> ` � �, 5,ro�, tuxes und assessments which may ultoin priurity aver this S��curity Insuumenl us u lien un the 1'ropeny:(b)yenrly leu�chuld
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<br /> ___ payments or ground renta un thc F'roperty, if uny; (c)year�Y hazard or pn�peny insurame premium�: (dl yearly fload
<br />--� ^ '�:'�-°, insuronce premiums,it nny: le)yearly mortgage insuroncc pRmiums, if nny; und lfl uny xuma puyublc by Barcower W _
<br /> J-�r=�.�.���,..z�-a;.�r.wae••�.
<br /> . �a Lender, in accorciance wiih the provisions of ptuugrnph e,in liru oP the paynnnt uf uiortgaRe insurs►nce premiums. eye
<br /> -i"-:���,_'",:;�j{,: items are called"Escn�w Items: Lender may.ut any time.coll�ct and hold Fund+in sm amount not to exceed the maximum __
<br /> ���� �••�a umount u lender for u federully rcluled mongnge loan may rcquire for Bormwer�escrow accaunt under the federpl Real
<br /> r • Estate Senlement Procedures Act of 1974:�amended fram�ime to�ime.l2 U.S.C.#26U1 e�sey.l"RESPA"1.unless onWher –
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<br /> •�,�;�.�u��'' •:,. • � - IAw thut applies w the Funds aets a lesser a�wunt. If sa,Lender may,At any 1ime,collect und hald Funds in un zunaunt na to �
<br /> .i ;.� exceed the lesser amount. Lendrr may eslimule the �moum of Funds due on �he basis ot'current data and rq�onable =_
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<br /> - estimutes of expenditures af future£scrow Items or aherwise in accordaixe with s►pplirable law.
<br /> ;'� ,� , The Funds shall be held in an ins�itution whose deposits um insured by u fedrral ugcncy, inslrumentaliry,or entity �
<br /> .•,,:ty��`" >:�.. . ... .. (including Lender,if Lender i,such nn instimtion)ar in any Federal Hcane Lo:�n pank. I.ender shull upply the Funds ta pay �
<br /> V,;,,�,'�.,,;, � thc Escrow Itemc. Lendcr muy nat chur�e Borrowcr for holding und upplying the Funds,nnnually unnlyaing the escrow
<br /> ;,�,.,�� : . uccount, or �•erifying the Escrow Items, unless Lender pays Bom�w�cr inleresl on the Funds und applicuble IAw permits _
<br />- .� L�nder to muke such u char�ZC. However, Lender m�y requirc Borrower to puy u one•time chnrge for un independent reAl
<br /> '� •,,t „�r estute tax repor�ing service uu:d by Lender in connection with thix loan,unlesx applicable luw provides otherwise. Unless su� _
<br /> :• '•,� �' ' agreement is made or npplicublc luw requircs interest to be paid, Lr.nder shull not be reyuired to pay Borrower nny imenest or
<br />�.r..;;;�,.: � : . : ' enmings on the Funds. Borrowcr und I.ender may ugrcc in writing,however.�ha[intercst+hull be paid on the Funds. Lender �
<br />` '':'�7r�; ,.' ;�" shall give to Borrower,without charg�.un annuul uccouming of�he Funds,shawing cr�diis und debits to the Funds und the �--
<br /> •'�'��;l� ,i�r,,k::,�;.,�.,;;�' purpose for which ench debit.to the FUndc wa.r mude. The FUnds are pledged as additionnl security for all xums secured by __
<br /> =`°��'" �.�'�.� . �his Security Instrument. "_
<br /> ' '' ��.,,�_ . If the Funds held by [.ender exceed �he umounts permitteJ to be held by applicuble luw, LenJer +h:�ll uccount to �.
<br /> .{� �I�` ' Bosmwer for�he excess Fund�in acco�dunce wi�h the reyuimmems of applicAble luw. If Ihe umount of the Funds held by __
<br /> ' �' Lender At uny timc is not sufficicnt to pay thc E�crow Items when due,l.ender muy so notify Burrowcr in writing,and,in __
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<br /> ' ~i,•� >•'+:x� such case Borcower.hall pay to Lcndcr the amount ncceswry ta make up the deticienry. Horrower shull make up the
<br /> deficiency in no more than�welvc monthly paymems.ut Lender's sole discre�ion. _
<br /> , • ^�,�.� • � Upon payment in full uf ull �ums sccured by �his Security Instrumem.Lender shull promptly reFund to Bortow�r uny s
<br /> � ��• ' •. FLnds held by Lcnder. If,u�der parngruph 21.Lender �hall acyuirc or scll the Propeny,Lender,prior to the acyuisition or —
<br /> � sule of the Propcny,yh�ll upply uny Funds held by Lendcr at the time of uryuitiition or wlc u+ u credit ogainst the sums
<br /> .. � ,. secured by this Scruriry Imtrument. —
<br /> � 3. Appllcs�tion of Payments. Unles� upplicublc Iz►w provides othcrwi.c, ull p�ymentti reccived by Lendc� under __
<br /> ° puragruphs 1 su�d 3 shul! lx�pplicd:linl, to any prcpaymen�ch:ugc,due undcr thc Notc:+ccond.to amountx payuble under
<br /> � �j�`��;;.,,; paragmph 2;�hird,lo intemzt due;fnunh,tu prinripal due:und lu+i,w any Iu1e rhurges Juc undcr thc Nutc. _
<br /> � . -�ir''�''���1�' 4. Charges; Liens. Borrower sh�ll p�y ull tvxcs, ns.c+timems, chargcs, fines nnd impositions uttributablc to the
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<br /> �t• F'ropeny which may auuin priuriry ovcr thi.Srcurity Inurumcnt,and Icu,chold paymcnl�or g�ound rcnt�,if uny. orrower �
<br /> �.� � shull pay these obligutions in the munncr pmvided in pura�ruph 2,or if nol paid in thal manncr.Borrower�hull pay them on —
<br /> :�,,,te ' � timc dircrtly to the penon owcJ puymrnt. Borrowcr.hall rmmptly furnish�u Lendrr ull nutir�.��f amounts�o be paid under �
<br />: � � � .. �� �_ this p�uagraph. If Bormwcr m•rkcs thcu payments direc�ly,Burrower xhall promptly fumish to Lcnder receipt+evidencing �
<br /> the paymen�s. �.
<br /> • �� " Bormwer shull prom�lly dischargc uny licn whirh hati prioriiy over Ihix Serurity In+trumrn�unlc.s Bortuw�r:lul agrees
<br /> . In writing�o the puymen�of the ubligu�ion.crwed hy thc licn in•r m•rnner accrptublr tu Lrnder;�b►contes�s in�axi i'Aith the ,
<br /> ' . ' . lien by,or defends ogains�enforremcm��f thc lien in.Irgal pnxccdingti which in thr LenJcr:opiaion��perutc to prcvent the �_
<br /> � enfarcement af the iien;or(cl�ecurcx from�hc holdcr of the lien un +�Freemcnt s•rtitifactory•to LcnJer.utx►rdinuting thc lien �
<br /> �� , ' ;�,� to this Security Instrument. If Lender detcrmincy�hai uny pan �,f�hr Property i.+ubjcr��o a li�n which may uttuin priority �
<br /> .:��;..;;,i;;. � � over this Security Inrwmcot,Lcnder may givc Borrowrr u noticc idemiiying thc licn. Borrowrr shull�utisl'y thc lien or tukr uL
<br /> ' � ��. � .. �,.'� one or morc of thc uctions sct fnnh utwvr�vithin I(1 duyx of'ihc�iving of notir�. �
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<br /> �'••''`" • 5. Hazord or Property Insurunce, Borrow•cr ,hal l kcrp ih� impriwcrnenl.now cxi�tin�or hercal'tcr�rectcd on the 'y
<br /> � ` Property insured aE�in+t luss by t�ire,lia�urds incluJed wiihin Ihr Icrtn"cxtendeJ r��vrragr"anJ•rny ulher haturdti,including �
<br /> , tloods or tlooding, for which Lrndcr rcyuirc� io+urunct. 'Ibi+in�ur:�nc� +hall lx maintainrd in thc amuuntx �nd for thc (
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