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<br /> - — TOCf�7'N$R WITt�all the improvement�nuw an c�ra�ftcr cr��:tc�l u�t the propeny, d ull c�.vements,appurtenwxcw.
<br /> � and fixtutxw now oe hert:�Fle�a puR ui the prc�peny. All rapluceme�ta+wxl additians shall vlco be cavercd by thi�Saurity
<br /> Guaurnenl. Atl of the f��Boing is rcfemed ta in U�Securilp Insuumenl�thc"Propeny."
<br /> _ ,• '• ' •�'� � BQRRUWER CUVBNANTS that Bwn�wer i.r I�wfully �cfced uf the e�talc hereby convcyed nn4 hs�the right tu gront
<br /> - ' ' ���y�y�p�ope�tp und thut the prupc;riy ix wxrKUmt�n.Kl�eacept for encumbrances of record. BuROwer warranls und
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<br /> .�. will defiyW generdly lhes tillo ui tlt�PmpeRy ug.�in.rt s+ll duims w�d denwnda.rubject tu any en�;umbrwtices of roc�xd.
<br /> - ` TNI& SBCURi'fY INS�"Y'KUMENT cc�rnbinew un�f��tu �uvc�uuila fur natiot�al usa: and numunlfinm covrnwnts with �
<br /> ,.:+ .y'-�..,: ,.�..�': limitod variauions b��juri sdictiun ta conKtita�Yt a uniform x�:urity instrument cuverinQ real ptuperly.
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<br /> ="�-.�-k*�, . UNJFQRM CpV[iNAfYTS. Bortowe►w�d LenJer cm�enAnt ond ugm�us iullows:
<br /> l. Psyme�t�oLPr4�cip�1 w�d Intensti fke{wtYm�all aad Lwte l'har�. Borrowcr xhall prumptly pay when due thr
<br /> _ ��` �.��`;,�� princ� vf and int�st an the debt evidenccd by thc Nu[e m�d uny prepaymcm anJ latc chuges due under the Nute.
<br /> '�'�%•• :� ^` � Fnads�im 711xts and Insuranca Suble�:t to up�llicable law or to a written wuiver by Lcnder.BoROwer shall pay to
<br /> ����.� �.''"�'_ Lenikr an thc d�y monthly puyments+ur du�t under the Nota.until thc Nata is p�id in full, u,um 1"Funds")for:(a)yeurly _
<br /> _:'��'•.�,::�:.. uuces��xi asaes�tentb which may uttain peioriey over thiy Security Insuuu�ent us u lien on ihe Property:(b)yesu�ly leusehald —
<br /> �_'y. . ,;,, paymetus or grr�uml rente on U�e Pmperty. if uny; lc) yearly hpzard or propeny in.4uraru:e premiums: Id) yearly fload
<br /> � �,*� '•'' invurAnc�e prentiumc. if uny: (e) yearly moctgage in�urwk.'e prcmiums. if uny: and 1� any sums puyuble by Borrower to
<br /> _ =:;�=----= ;: •.�:..=.=- Lenckr,in ar�:�nnlence with the pn�visivnr►of{r,uagrapts H,in lieu rf the {wYmen�of mong�ge insurnnce premiumw. These
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<br /> � �, , ���my arc cal�al"Hr,cmw(l�mb' Lender m►y,ut any timo+.collect:uul hold Funds in un amount not to exceed the muximum
<br /> — ?�;,� `..�'-.r • amount a lendea'for u fedemlly relnted mvngage loan msiy reyuire for Borrowers excruw nccuunt under the federal Reul
<br />-_�=�;_,'_•. e_� EYwte Sealem►nt Pmcedure� Act of 1974 s�amended from time to timc. 12 U.S�.C.$ 2601 et sey.("RESPA").wilesa unuther
<br />,=ti� ::,ri • � - ° ' 1 law that apptir.�tu tl�e Fundr sets u Icxscr�nswunt. If so.[:ender muy,ut any time.cullect and hold Funds in un amount not to _
<br /> -d;,�TM�:; r exceed the Irsx�.�r amaum. Lender muy rstimate �he umount of Funds due un�he b�sis of curtent datu and reasunable
<br />=;Y..--��.• estimates of expenditure�of future Exeraw Item.r or aherw�ise in ctccordance with npplicuble law. _
<br /> � a ",'�� ' The Funds•+hall b�:hcld in an ine�tituaun whosc d�pnsits urc insurcd by u federsil•rgency, inswmentaliry, or entity -
<br /> j�•,�`, ., , linrlwiing Lender,ii Lender is such su�iactitulian)or in any Federal Hame Loan Bnnk. Lender shull apply the Pundg ta pay
<br /> �' '- ��' � �• the Escrow Items. Lender may not ch:ugs BaROwer f�n holding und upplying Ih� Funds, annually unalyziag the escrow
<br /> �"'""� ucco�:nt, ur verifying the Esc:row I�em�• un�e�s L.ender payx Borrowcr intereat on �he Funds un d app licable law permits
<br /> -�� �: � y ~ ' Lend�.r to muke such,u chu�ge. However,L.cnder may n.�yu�re eorrower to puy a one-time clwrge for An indepemient re.�+l
<br />�"•°f;�, extate��uc rporting service u�ed by Lenda�'in connectiaa with this loan,unless upplicubl�luw provides o�herwL�e. Unless an
<br /> = �`�'�y�; : „ ' agreement is rns+de ur applisablc luw reyuire�intcrest ta be prid,Lcndcr zhall not be reyuuc d to pay BcxTVwer an y intercst or
<br />-�``k' ' °�•�' �' �: ewningg an the Funds. Borrower und Lw�1¢r may agrcxo in writing,huwcvcr,lhat fn[erest shsill be paid on the F1mds. Lender
<br /> � shull gi�e to Bormwer, without charge.•rn vnnual accounting uf the Funds,showing credits and debits to the Funds and the
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<br /> �%` ,Aa�.:. �_ , __ pu�pose for which eAch debit to the Func4t w;�m•rde• The F�nds+ue P�edBed�s�ddiu°n�l'�urity for all sums seciu+ed by
<br /> .�;, _ _ - , � .' - this Security Instrun�en•
<br /> ° ' � If the Funds heid by LenJer eaceecf the umount� penmtted to be held by applicaMe law. Lender shull account to
<br />" ' ��_,: : �, � Hrnmwer for the excess Funds in acwr�ux:e u�ith the�reyuirements of upplicable Iaw. !f the amount of the Funds held by
<br /> � , : • •,,,�, ,,. [,emkr ut any time is nut suffc:�nt to �y the 8xcruw Itcros when Jue, Lcnder may xo notify Borrower in writing,und,in
<br /> � ��'��"�•f• such case Burmwer shull pay tn Lencf�tr the wnount necessurv ta muke up the deficiency. Borrower shall m:tre up the
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<br /> •• ?�;".••,f deficiency in na more thun twelva mont�hl • a ments.ut Lcnckr's sole dixretion.
<br /> • � ' Upon p�.yment in full uf all sum� +cruced by this Security Inxtrument.Lender shall promptly refLnd to Borruwer any -
<br /> . ' . FS�nds held by Lender. li,under pany��aph 21,L.e�xler shall ucyuire or sell �he 1'roperty.Lender,prior to the acquisition or E
<br /> . .' . � sule of the Properry.tihull aPP�Y �Y �'+ �d by Lcnder ut the�ime of�uyuisitian �x sale us a credit against the sums -
<br />_ secured by this Securiry Instrument. -
<br /> " ' '. 3. AppUntlon of Payments. Unt¢�cs applicuble law provides otherwisc, all p•ryments r+eceived by Lender under _
<br /> ' �=� ' . p�uagraphs 1 and 2 shall be upplied:ficst.to;u��pcepayment ch:vge,due under the Note;secund.to sunuunts payuble under
<br /> , •, ' parugmph 2;third.ta interest due:f�wrth.to princ�pal due;:�nd last.to uny lute ch:uges due under the Notc.
<br /> s 4 Chs�es; Lie�. Borrowar shaJl puy �11 tuxcs, :usessments, churges,�neti and impositians uttributable io the
<br /> • �- , I'n►peny which mpy uttAin priurity uv�r ihix Sccurity Instn►ment,und Ieaschuld payments or�round rcnts,if any. Borrower
<br /> � .. :; � shall pay these oblfgations in the muru�er�xuvid�nf in parugruph 2,ar if nut p•rid in that munner,Borrower shall pny them on
<br /> _ ..� _ qme directly to the pertiwi owed paym�tnt. Borr�+wer.huli promptly fumish to Lender al l notices of amounts to be puid wxier
<br /> �_ ' ' 1 ;r this puagraph. If Borrowcr m•ricrs thase puym�cnts direcdy. Borrower shrll pramptly furnish to Lender receipts evidancing '_
<br /> � . the p�ayments. �-
<br /> �• • , , � Borrower xh�ll prcimpdy disrlwrg¢:u►y li�n whirh hua priority�wrr�his Security Insaument unless Borrower.(a)agrees
<br /> � � :,,,� in writing to the payment u[the oblig�[;on secured by the lien m a manncr uceeptable lo Lender,(b>contests in good faith the �
<br /> , , lien by,or deferxls against cnfnrcemant of tM:l��tn in,Icgul prn�cc�ling.which in the L�nder',opinion operate to prevent the �
<br /> • '�" �` enfarcement of the lien;or(c)secur�s from th¢holder al'�hc lien an•rgrecment wtisfactury to Lender subordinnting the lien
<br /> � . to this Security Instrument, It'[.uakr d�!t¢rmiaes�hat any parl�N'the Pmprrty is subject to a lien which may attain priurity
<br /> � .'„ . over this Security lnsuument,Lcnder rru�y�ti►e Bom�wer u noticc idenlil'ying the lien. Bormwer sh�ll sutisfy the lien or take
<br /> •. " one or more oi the:►ctiuns sct fonh ulv�vc wir:ran 10 dayc+uf the giving of notice. _
<br /> • ' S. Hsuard ar Property laew►nnce. Borrowcr�hall kr¢p the improvcmcros now cxis�ing or hereufter crected on the
<br /> Prapeny insured ag�inat loss by firr,luuarda inclu�kJ within the term"cxtcnJeJ cuverage" and any uther hutsuds,including
<br /> � „ � tloais or Flooding, for which Lere�i�tr reyuires imurunr�. Thi� insur:u�cc �hull lx: maintaincd in �he amounts and tor the
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