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<br /> , 7'OC:I'sTI I13R \�'ll'il �ll the i���pravementa naw ar h�raftor erectc�d'ttt� the�property, an ■ eisemtntw,
<br /> appurtenanee.a, and fiztures now ar here�►fter�part us the pn�perty.A11 rrplacernents rnd additions ehall al�ba c��•orod
<br /> bp this Sxu�ity Instrument.All af ttie fareruin�is referrcd ta in this Socurity Instrument as the"1'ropert�.'
<br /> BORd20W1iR COVTiNANTS that fiorrower is l�wtully seisod �f the estate hereby com•e�ed�nd hLS tho ri�ht to
<br /> erant �nd convey the Pt�perty end that the Property is unencu��nberod. except for encumbrances o!record. tiorrc�wer
<br /> warrants an�will detand�enerdly the title tu cAo 1'roporty s�ninsi dl claima snd demarida,subjoct to any encurnbrancea
<br /> otrecord.
<br /> THIS SFCURITY IN5'P'RLJIWENT combines unitorm cavenu►ts tor nadonal use and non-unitarm covenanco with
<br />� limito�v:rietions by jurESdiction tn cor.stituta a uni:orn�security ins:eument coverin�eeal property.
<br /> UNIFOR�tCOV��IANTS.Borrowoe and�.ender covenint and a�ree�s follows;
<br /> 1.Psyment of Principal and Interest;Prepayment aad I.+�te Ch�rees. Borrower shili prumptly pay when duo
<br /> the principil of and inter.est on the debt evidenced by the Nota and my prepayment and late ch�rgev duo und�r the Note.
<br /> 2. Fuadc tor 7'�Y�s wd Iasurance. Subject to applicable lew or to a written waiver by l.ender. Horrow�r shAll
<br /> pay to Lender on the dey�morethly payments are due under th�hote,until the Note ia paid in full,a sum("Funds")far:
<br /> E�1 y•�E� Aves:a��:.,�:xe^s xt�,::h:n�j�ttaia L:ivrity�ti�er thi.: Sr:�:ity;:�:rumewt�a:i�A on tY:e Prc,.�ert�;(�?
<br /> �early IeaseGat��j�a�.;�z�c:ground reuts an th�e I'€operty.if�cAy�(c?Feas:} �zard or property insursr.cr precniun�s;
<br /> c3)yeart}#Eoa+c�ias-cua�;�:��e,;�t�;tieums,if a�cby;(er�e�rty mQrt�e iasw�mea arc��iums,if sny;and (f��,�c=uetas p�yab:e
<br /> by Borros;e,*ta�Le:z�:.:�.,in a::.��'a.��itR tt��+���isioas of Par�rn�t►�.��i 1d::ar o'the pa}mrnt ot r.;�;�na�o insn�caa.,^e
<br /> prcmium�.'4�e items are:s�:�-W"�-�r��+► Itecaas.'Lxader m�„at a.�y time,�c::ect�^x�l(iald Funds in An amour�t not
<br /> to exeead! n� rmnxim*.;.rcz a°r.cr-.:,Ar s 1:��.� €e�r a� Sc�ratt}r e�el�nx�,�3 rt�o�t�age Fo�ui ma;�• ¢t�ai��e for Borrower's escrow
<br /> acwunt ur:::r the �ea.:r�l fi�i 1�^~a:.�Settleme:�a�vice�Jrc�'�..t� ZS�74�.: sr.�endod frarn time to tima, 12 U.S.C.
<br /> Section 2601 s!seq.�`�'kJEia�'A"),vr�,cas another�a'�v t:at a�r�'i�w t�e Fu...�,;k��ets a less�r amount.If so. Lendar m�y.
<br /> at any time,collxt aixl fR����3 Fuc�cc��n amount n��to exc�:t'tr:lesser�rn�.u�t,l.�nda�mey estimate the arn�unt of
<br /> Funds due on the bssis o�current c;,m�;a�txl reasonaa:e estistts����,;;:wcptnditures of future�ow Yuma or otherw isn ia
<br /> accordanca with ipplicab:o law.
<br /> The Funds el►sll be hald in Qn institution whose deposit�,•r:inswed by a foderal a�e.�;r,instrumentality.or er�ity
<br /> (including Lender,if I.ancier is suc�an institution?rar.i.z,sc:}�Foderd Home Loan l3an{c.Lender stsall x,�;,�1�the Fun�,s:o
<br /> pay the F.scrow Itema.I..ender mny not charge B�rnaa►er for holding and applying the Funds. anri.a:,� sr,3!yzie�t�c �
<br /> escrow account,or verifying the Fscrow Items,unless I.ender paye Bornower inter�at on the Funds a��.�srplirai:.�'}e�aw
<br /> permits L.ender to ma�re such a chuge. However. Lender may require Borrower to pay a one-tir.:e chvge ?�.,�r+u�
<br /> independent real eswte tax reporting service uus��ed by Lend�r in connection with thia loan,unless appiics�le l�w provides
<br /> otharwise.Unle�s en agrenment ie made or applicable law requires interest to be paid,I.e:tder s1�at��rx be tequired w
<br /> pay Borrower u�y intenGat or earnings on the Fuads.Borrower and Lender may�gree in writing,�rwez:-r. thatinterest
<br /> ehall be paid on the Funds.Lendar shall�ive to Barrower,without chuge,an annual accounting of th��unds. s�owing
<br /> credite and debite to the Funds and the purpos�!or which�ach debit to the Fuads was mada.'Fhe FuUds are pled,�ed as
<br /> additional sacurity for�ll sums socured by this Secw�ity Instrument.
<br /> If the P1u�de hdd by La�der exoeed the amounta permitted w be held by applicable 1aw,I.ender shall acmuat to
<br /> Bosrowor for tho eYOess Punds in accordiace with the requirements of applicab]e law.I!the imount of the Fw�ds held
<br /> by Letsder at aay ti me is not suiticieat to pay the Bscrow Iums ahen due,I.ender may so notify Bomowet in writing.
<br /> and,in such caso Borcoaer shall pap to Lender the amount nece�ry to make up the deticieacy,Borrower shaU m�ke
<br /> up t�e doficieacy in ao more tban twdve monthly paymeats,at Lend.�'s sole discr�tion.
<br /> Upon pqmeat in full of all sums sxwbd bq this Secwity Inatrumer►t,I.ender ahall promptly retund to Bomoaer
<br /> aay Fuads held by Lender. Ii. under Pa�'a�raPh 21, Lender shall acquire or sell ttu Propaty. I.eader. Pdar to the
<br /> � acquisition or sale of the Propertp.shall appty any Fuads hrld by I.�ader at the time of acquisition or sale as�credit
<br /> a�ainst the sums securod by thia Security Instrument.
<br /> 3.Application of Paymoats.Unlese spplicable law provides otheraise.a11 paymente reoaved by Lenda under
<br /> � pasa@rapt�is 1 and'l shall be applled:firet,to any prepayment charges due under the Note;aeoond,m amouats payaWe
<br /> uadeT Pu's�Ph 2;tbird,to iaterest duc;fourth,to priacipal due:and lsst.to my late charges due under th�Note.
<br /> S 4. C�ar=es;Lieas. Borrower ehall pay all tazes. �ments,ctiarges,finee and impo�eitiazss attribut�ble to tho
<br /> Property which map attda priority over tlus Sxwity Instrumeat, aad Iea9ehold paymeata or ground reats,if uiy.
<br /> Borrowa shtll py theae obligatioas in the menner provi3ed in pragraph 2. or if not paid ie that manner,Borrower
<br /> st►all pag tIs�ern on time dirxtly to the person owed paqmcnt.Borrowa s1�11 promptly fumish w I�ender all aotices of
<br /> amouata tu be pud under this paragt�ph.If Borrower makes theso paymenta directly.Borrower sh�ll promptly furnislz
<br /> to Lender r,3oeipts evideacing the p�egmeats.
<br /> Bocr+rsaer shilL�mpdy dischuQe any liea.�vhich has priority over this Socurity Instrumc,�►t unless Bomower:(a)
<br /> • agre�s in writiag ta thc�L�aqment of the obligstiou eacwod by ti�e lien in a maancr aaaptable to I.ersder;(b)oontests in
<br /> �ood faitfi.'t1�e lim by.nr detea,ds spiast enfoaoc�neat of the lien in,legal proceedia�s which in the I.encler's opinion
<br /> opCrxte ta grevent tha eaforcemrnl:of the liea;or(c)socurea ft+am ttu holder oi the fim aa�greemeat satisfsctprp to
<br /> L.ender subordinitin�the liea to tbiir Sc�curity Is�strument.If Lenda cktermines that any part of the Property is ouuject
<br /> to a lien which m$y er.tAin p�iority over this S�ciuitq Iastrumeat,Lender may pve Borrower a notix ideatifping the
<br /> - lien.Bonower s�I1 w.ti�fp the lien or take one,ot more of the actions set forth abova within 10 dsys of the givi�of
<br /> � notioe.
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