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<br /> -- Tp(iETHBR WITH p11 dx improvemcnts naw ar hercrfter ercctud on tl►Q propenY.�►d a��cASCmcntc,oppunenancc�,
<br /> �nd Rxturca now ar hareafler�put of tho ptapetty. All r�cplaccmattGy antl wdQ[tions edwll alw bc covered by ihie Sacurily
<br /> � ln�trument. All of the foregoing is refemed to in�his Securiiy InFtrumant aK�ha"PtupenY•"
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<br /> �,A,p�.a,,� Spg(tpWER COVENANTS ttu�t Borrawer is lawfully seleed of Uuus estatc hcreby canvcycd and haF Iho dghl to grun�
<br /> -�� - and convey the A'operty And Ihat Ihe Property is unencumbered,rxcept for encurnbr�ncea of record. Borrciwar wananls and �,
<br /> a-=<<� will defend gener+�lly ihe title lo Iho Property against all claimr onA damande,subject ro any encumM�ances of necor+d.
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<br /> _� -- -_- -_—:_?�� THig gECURITY INS"I'RUMENT combines uniPorm ca�anunw for national usc and non•unifwm cavenanta w
<br /> -- ---::� �imikd varia�ons by jurisdiction w cansti�ute a uniform secu�ity instrumant covering real property. �__-
<br /> UIVIFORM COVENANTS. Borrower and Lender covennnt nnd agree as follows: � P y p
<br /> ==W���_�,'` 1. Py►yment ot Principal and Interest;Prepsymeat oad Late Chnrges. Borrower shull m tl ay when due the --
<br /> —;;.�: principal of and intcrest on the debt evidenced by the Nota and eny pnepnyment end Iote charges due under�he NotB. �
<br /> -----...---=_ar,' Z. �pds for 7bxey�ad I�uranca Subject to appliaabl�s luw or to a wriaen w�iver by Lender.BOTIOWeI'9IlAIl�ay l0 �:n.
<br /> --- .��.�� _._.
<br /> i_s c,__:�_. - � �,ender on the day monthly payments ane due under the Nwe.until the Note is paid in full.a sum("Flmds")for.la)year y ,�.� :
<br /> -���-x�-. -.`..� � taxes and assessm�nts which may att�in priority over tt�is Securi Inetrumem a.R a lien on the Property:(b)yexrly leasehold
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<br /> ,;';;;:����;,, yments or grau+d rents on the PropenY. if any: (c) Yeorly axard ar PropertY insurance premiums: (dl Yearly flood �._•.��;:
<br /> -:;•:r,����;�,-•,,. .��re premiyms, if any:(e)Yearly mor�gage in�urance premtums,if any: end (fl anY sums payaNk by Boma�wer to
<br />- �.`u:�����'`:'•�� Lender,in eccorGance with the provisions of paragtaph 8,in lieu of the payment of mortgAge insurance prem�ams. 7hese �
<br /> .����;;�i1 � ilems a�e called"Escrow items." L.ender may,a1 any time,collect and hold FLads in rin emount nol to excBBd the maaimum �,,
<br /> '�;:�;.:a: . amount a lender for a federally rclated mortgoge loan may requine for Aorrowert escrow aceoun� undor Iho federul Real _
<br /> "�-"`".� 6state Settlement Procedurea Act of 1974 as amendad from tima to tima,12 U.S.C.4 260! er seq.("RESPA"),unless another ---
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<br /> �_ •:�..�..°_ Inw Uiat applies�o the Funds seu+a lesser amount, if sa,.L.enderr may,nt uny time,collect and hold Funds n an nmaum not to
<br /> �� � -� eaceed the lesser amount. I..ender may estimutB the amaunt uf FunJ� duc on the bHSis of currcnt data and rcasonuMe _
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<br /> e s d m a t es of ea p enditures of fu�ure Escrow Itema ar aherwf�a in aacoNunce with applicuble low.
<br /> - 7'tic FUnda�hall be hcld in an ins�ituti�n whotic dr.�ncitw urc insurc d by a f e d c�a l agency, inK l n�m o n l n l f l y,o r c n l i l y
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<br /> �.���,.,�. ��"'� (including Lendcr,if I.cndcr i�such an intitiwlion)ar in uny Fe�kr+l Hnma l.��un Bank, l.cndcr„hall upply tlK hunJH a�pny � -
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<br /> ^ �hc p.scrow I�cm►. L.endcr muy aot churgc &►rtowcr fw hutding and applyin�Ihc Fundr,annually um�ly�ing �hc curow
<br /> �.�4, ,:.,• acc�x�n6���ve�ifying �Nc f?Mmw Item.r. unlc+�l..cndcr puyti B�xruwcr inwreN���n Ilx Fundti w�d upplivaF►Ic luw permiis
<br /> . ��;,;. ' l.ender tu muke such a churKe. However,l.enJc� moy raquin: R�Hruwer W puy u nix�•lime chargc li�r nn i�nkpendem nul �
<br /> �'"- -•°'- e�u�tc lo��+c��rting+�crvirc u+cc�l hy L.ciulrr fn c��nnec�iun wMh Udx bwn,u��l�nh u{�pIicuMc Ivw pn►vidrr o�Uanvl�. Unlcx.r nn
<br /> ��_:.•.... R �P lwsn�rr Khull M�t hc r+cyuircd la pay Bam�war uny intcrest��r �.
<br /> a ►ccmcnt ir mndc or licuble law rcyuimx imo�wt ta bc puid,
<br /> _ , � ' � cuniogK uu�hc f'Ut�ds• Dorn�wer und l.endcr muy agrcc in wri�ing,h�►wevcr,liwl Interest whall hc pwid on Iho Fundx, Lcndcr L�
<br /> - a���� Khull givo lo Barrower,wlthaut charyte,nn annuul uccaunting of thv Flmdy,showing credi�+nnd debils ta thQ FLndx und the
<br /> -"—'�`'""'"!. .'� purpose for whkh eueh deblt to�he Fundo wax mnciu. Thu hlmdr ure piedYrd ux addiiionul securi�y for a14 sumK�ecun:d by
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<br /> ° _- ---.`"�'-- Shis Stcur��y[n�wment. �
<br /> --��� . � �f 1he FLnds held by Lender eaceed ths umaunts pennitted to be held by appficabie iew.Landur +bnil uccouni to
<br /> � '� '" gomnwer for the excess FLnds in accor+dunce with ihu requi�emonts of applicabk law. If Ihe amount o1'�Iha Fundx hcld by _
<br />�T�''����-.:. � Lender at Any time is not sufFcient to pay tha Facrow Itoms whan due, Lender may so notify Bomowor in wriNng,and,in �;,
<br />-'� ��� such cuse Borrower shall pay to Lender ths umount nacessary to muke up the deficiency. Bomower�hall make up the
<br />-r���•, ,. . deticiency in no more than twelve monthly paymantu,at Lendar's snle discretion.
<br /> �:�•' �.; Upon payment in fbll of ull sums secunad by �hie Security Instrument,Lender shnll promptly refund lo Borrower uny ___.
<br /> { FLnds held by Lender. If,under pamgraph•21,Lendur shall acquire or sell �he Propeny.Lender,prior to�hc acquisition or �;,:
<br />�t�,.. �""'�° �` ' sale of the Prnperty�shal� aPP�Y�Y Funde hsld by L.ender at the time of acquisition or sale us a crodil against the sums
<br />-�� <''` secured by this Security Instrument. _
<br />'�`;!� • - •'•' •' � 3. Applkation of Paymente. Unlns�applicabl�s luw providcF othenvisc,nll pAyments received by Lender under _
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<br /> -� :.��i:�,;�;;•:;'.�;�;����.;" P�graphs 1 and 2 shall be upplied�firxt,to any prapAyment charges due under�he Note;secand,�o amoums payable under �;'�T;..
<br />_ '�' �.����• paragraph 2;third.to inter�est duc;fourth,to principal due;and lust,to any late charges due under thc Noto.
<br /> w�..�'-^ a- � ;:� 4. Charges; Liens. Borrower shali pay all taxcs,assessmenls, charges,fines end impoeidons attributable to the �`.��`
<br /> .-- ' ... ��., properry which may attain priority over this Security InstNment,and leusehold payments or ground rents.if any. Borrowes �
<br /> - •.�"�' '�'''�� '�,:i' shall pay U�s���igetions in thc manner providad in parngraph 2,or if not paid m that manner,Borrowcr shall pAy them on �..,
<br /> �'�' '"`' . time directly to the person owed payment. Bomuwer shall promptly fumish to Lendcr all notices of amounls lo be paid under
<br />»,�yv�+,� :r:'��A" � �� '•� this paragraph. If Borrower makes Ihese paymants direcdy. Borrower shuU promptly furnish to Lender roceipts evidencing -
<br />_.°�. ���P»:,..� . .,� �e Payments. ��..�
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<br /> gorrower shall promptly discharge uny Ifen whiaN hub priurity ovcr thiti Security Instrument unfess Bormwer.(a)agrees � °
<br /> � . � in writin8 to the payment of the obligutian secumd by tha lian in u munner ncceptable to Lender,(b)contests 1n good faith the ��-
<br />`'�='�,'��?'�• '` lien by,or defends against enforcement of the lien in,lugal proceedings which in�he Lender's opinion ope�ate to prevent the
<br /> �'`�`''��• '"� • en forcement of the lien;or(c)secures from the holdurof�he lien an agneemen[satisfactory to Lender subordlnating the lien �:;_
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<br /> �•.�� : �:,�, to this Security Instrument. If L.ender detennines thut uny pan of the Pt+o�erty is xubject to a lien which may attain priority
<br /> �'��•'r.' -� �'-�"" � .�`��.,�� over t6is Security Instrument.Lender may give Borrowar n notice idemifying the lien. Borrower shall satiRfy the lien or take
<br />�}� ,;j . one or more of Ihe actions set ibrth above within 1(3 duys of th�giving of notice. -
<br /> 5. Hazard or Property Insurance. Butro�ver shull kcep thc improvemem. now exis�ing or herenficr crected on the
<br /> � : PropeRy insured agulnst loss by fire,huzarcle inclttdcd wi�hin the tertn"ex�ended coverage"And any other haxards,including
<br /> °. . floods or flooding,for which Lender reyuincs insuraix:e. ThiK ins+urance shall 6e mainwincd in the arnounts and for the
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