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<br />,�1 'fQGEIY�D�[t alfCH all tiie�:pravem�ats aow or hsneafter�on ths property.and a!1 easements.aPPur"cen�noes.and
<br /> fixtu�s Qo�v or her�after a part c�€the property. All repiasemen3s and additions s}�-all also be covered by this Soauity =
<br /> In�trument.A!1 af the forzgau o is ceferred to in this S�rity Insuument as the"Property."
<br /> BORRO�JI�R COYENAN'FS t�.`'at Ba�rower is Iawfuliy seisod of the estate hereby conveyed and bas the right ro g�uu aad =_
<br /> convey ti�e Pro�ty and that the I�toperty is uaeuaunbPr�d.except for e�cumbranczs of reoord. Borrower a+arrants�asl wi11 �:-
<br /> - defpn�l geneially tbn ritte co tRe PmaertY aP,ainst all claims and demaads.subject to any encumhrances oE reoQnl. _
<br /> Td3IS SECUR�TY INS°fRtJ1�ENT combines unifarad wveuants for natlona!use and non-uniform oovenzats with iimited
<br /> t.' �ariations by juris�liction to rnnsti��a uniform security in ,.�,et+t covering real Pr�Pe1'sY• —
<br /> :i UNIFORIvi COVENANTS.B�rrower and l�eader mvea�t aud a�ree as fotlows:
<br /> i. Pay�eui oY Pri�ci�a4 a.�sl�ter�st: �'tepa9�Pnt aa� I.ate CFiarges. Borruwer shalt proTUpttF Pa5' wh°n due the —
<br /> `��� principai of and interest on the debt evidenred by the Note and any prepaymsnt and late charges due�cnder the Note. _
<br />�E'�� 2. Funds far Tases efit�In��ranee. Shbject to applicable laa or to a written waiver by Lender.Borro�ver shall pay to '
<br /> F�: (: Lender on the day montlily paym�nis are due uader the Note.unti2 ihe Note is gaid in full.a sum("Fc�nds°)ior:(a)Y�Y�� �=
<br /> • '= and assessments which may amdin priority over tl�is Security Instn�ment as a lien an the Property:(bT Yz�rly leasehotd paymeats
<br /> :� vr ground c�ents on the Praperty.if any:(c)Y�Y��3 or property insuranoe preminms;(d)Yearly fio�'sa�sumnce Qreauums,
<br /> ��': r; i�any; (eJ Y�1�rt�oe:n""�^ce premiums.s��:and(t?anY Sums FaYaisle by Borrower to Lssai�c;:ca asxordaace with
<br />��'k�'''' t�pro�:�of paragraph 8,in lieas r�the paymexa of mostgage inswance premiums.These items�:e:i�tli�°Escmw Items.°
<br />==.•r�s,.
<br /> �.".�� �.endsr may, at any ame>ecUQCt�t1.�rLL�Funds in an amouni not to e�oe�d t�se maximum ama+:�s��n'.c.eT for a fc�eaal{y '•+ " _
<br /> ,l<`..> .
<br /> ,,.?':. �eIated mortg�e lQaa ze�x��.�r&^�'�ow�s+�row account uadea the�1 Rea]Estate�3�nant•Procedtues Act of
<br /> • .` I974 as araended�rc��.�e�i s�:,�.:U.S,C_5ezati�n� 2601 et seq. ("RESP'��"�,untess anothsr I��:a�tt applies to th�Funds
<br /> •. ,. �# e --
<br />_ ,. � sets a[esser amonni. I`F sa. Y.er.�m�}}..at ar.y�iie, collect and hold Fun�s.�u m am�3�.mt�ot to��W2 lesser amoun�
<br /> -;'� Lend$r�estimate[he a�c�unt o���s dae on the basis of current data and reasqn��y�e��tes��exp.mditures of fuhue
<br />:�• _.:�
<br /> � � Esetow•I2�ms or otJterwise ut ac�otds�t��vith apptieable law.
<br /> ,'� E The Funds stiall be held in an insticution�EVhose deposits ase insured by a federal agzcFC. ins ��fa���. or entity .-
<br /> � £ �(incJttding Lender,if L.esu.'er is such aa institt��1��r in any Federal Home L�oan Bank.l..ender sba�3�ply the Funds w psy the
<br /> • �y T�scraw Itaas.Lender may not charge Horrower f+�r holding and applying the Funds,annually aaialyz'sng Yhe escrow ncconn�or
<br /> `.� 3 verifying the Fscrow Items,unless L'er.det pays Borrower intere�e an the Funds and appli�Z:��aw penttits I.es�dez W mafce snch
<br /> . }' � a charge.Hawc►rcr,Lendc�may re��a.i'x�Borrower to pay a one-time charge for 2n iud�p:n�a�t2 reat estats ta�x regoning ser+ice _
<br /> ., used by Lend� in caimection witc•��nis toan, uless applicable law p�nvides otherwj��`�.fntess an�agreem�t is mzd$ or "
<br />.,:�� :: applicabta law�quires interest to be raid,L.ende�.shall not be required w pzj�.l�a�cx-e:w y:u�terest or eamin�.s on the Fuads.
<br /> Eor►vwer and Le�er may agee in,�si�iting>however,that interest s5all be paid on the Frs�3s-Lender 6hall�give ta Barrower,
<br /> ;� without char�e,aa annual accountir.o of the�unds,showi�ng cxedits and debits to ti�e E��a;anc£th�purpc�e for whiel�eacb
<br /> � ,.� debit to the Funds was made.'f7ie Fands are pledged as addidoaal serurity for aU sums sci:i�t'r�$y this Seeurity Instcument.
<br /> If the Funds held by Lender exceed the am��iia3s permiued u►be 1�d by applicable law:L�ender sl�al!�ccaunt ta BnrraweP
<br /> far the excess Funds in acr,ordance with the rea�ci��?�aenu of apglicable law. If the amount of the Fua3s held by L�td•r�t eny
<br /> � time is not suffeient ta�aay the Escrotiv Items wi�.��i1ue,.Lender may so notify Borroaer in writiIIg,ar.r�,'.i�such cx�sc Barcower
<br /> '.. shall pay to I.ender the e�ouu*.neces.mry ta make up the deficiency. Barrower shail make up the d¢fia:mcy in no more tttnn •
<br /> twEive manthly payments;,at Len�s's sole discretion. -
<br /> Upoa nayment ics��;�?.of�as'�-r�as secured by this Security Insuumem. Lender shall prampiiy sefund to�rtmwer any
<br /> ' Funds hetd by I.ender:..�;�pder patagraph 21,Lender shall acquire or sell the Pcoperty.L.ender,priar ta the acquisitfon ar saIe _
<br /> ' ' of the Froperty:sha11 a�g1y any Funds hedd by l.ender at the rime of acqnisition or sale as a cse�it ugainst the sums sccured by �
<br /> tt►is 5ecuriry Insuument. ...
<br /> • 3.Appitcat3on aY P�ym�nts.Unless applicable taw provides oiherwise,all payments�,ti��+eivest b�r Lend��unde�r parugraphs
<br /> . 1 and 2 s5a1!be applied: 6rst,to any prepaym�nt char�s due und�r the Note:seconal.to 2:,••'ounts payabla und��patagmph 2;
<br /> • third,to interest dus:faueth,to principal due;and last,to any late charges due under the Note.
<br /> � 4,t;6s�tg�;Liens.Bonovrer shall pay a11 taxes.assessments.charges. fines and impositions ntitibutaula ta tl�e Ptop�,rty
<br /> • which may attuin priarity over tAis Secvrity Instrument. and�leasehold payments or ground rents,if eny. Bomnwer shail pay
<br /> � these o6ll�tFans in the n�rmer provided in paragiaph 2.or if Rat paid in that manner,Borrower shaU'pay th�m on time direc�ly
<br /> to Qie pemY►n ocved paymeuF.Bomower shali promptly fur�ush to Lendec a11 nouces of amiuiuus to be p�id under this parngt�ph.
<br /> If Bonower mai:e�these payments dfrectty.Borrower shaYl prompdy fum9sh to Lender m.ceipts evid�cing�h�paymens.
<br /> � Borrawts shall promptly discharge siry lien which has priority over tlus Secudty instrument unless Bonower:(a)agrees in •
<br /> � . . wdt'sng•to tha pAyment of the obligation serured by the tien in a mans�er acceptable co I.ender;(6)ma:c�ts in gvod faith the lien
<br /> by, or defends against enfnroement af the lien in, legal proceedings which in,the LeaQ�r's opinion opet�ate to prcvent the
<br /> � enforcement af the lien;or(c)serures from the holder of the lien an agreement satisfacwr�td I.ersde�subnrdivatitig tho lien to
<br /> . this Sesurity Instramen� If Lend�r determiacs th�t any part of the Pcoperty is svbject to a tien whis���m�y attsdn priority aves
<br />� , this Securiry Inswment,I.ender may glve Borratti'er a noticc identifying the iicn.Boaower sha11�sati�'."�,r 2h�lien or take one or
<br /> ' more of the actions set forth a�ove.+viihin 10 days of the giving of notice.
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