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<br /> TOGETH�tZ WTi'H all the im�mvemenu now or hermfter erect�on the property.and all easem�nu,app
<br /> '� � fiatures now or hereafter a part af tlte pmperty. AU re�lacements snd zdditions shali ais,o be covered by this Securii�r
<br /> . Instruatent.All at�the faregoing is referred to in this Securiry Insuument as the"Property."
<br /> � BORFtOVI►ER COVENANTS t6at Borrow�r is lawfufly seised of the cssate hereby oonveyed and has tAe right w grant a�d '
<br /> :' 4`� comey the Property and that the Propc:ty is iutencum6er�,eacepi for encumbrances of rerord. Borrower wam,u�ts and wii!
<br /> � • defead generally the tide to the Praperty against all cl�ms and demands.subject ta any encnmbrances of record.
<br /> � THIS SHCURTTY INSTRUMENT combines usniform cavenants for national use and non-uniform oovenants�+ith limited
<br /> variations by jurisdiction to consatute a uniform security insttumrnt covering real progerty. -
<br />' UIVIFORM COVENANTS.Borrocwrer and[.ender wvenane and agtee as follows:
<br /> � ,` 1. Paymeat of Priucipal an�d Interest; Prep�y�ne�4 an� �.aie Chaages. Borrower shall promptly pay when due the
<br />�•., principat of and intecest on che debt evid:nced by the Note and any prepayment and late charges due under the Note.
<br /> 2. �aad�far Tax�aud dn�t�ttte. Subject to agp4icah2e law or to a w-ritten waiver by Lender, Barrower shall pay to
<br /> .. Lender on th2 day montlily paymenu are due under tice Aiote,umil th:Note is paid in�v!!,a sum("Funds")for:(a)yearty tax�s
<br /> . �: and nssessmenu which may ausin priority over this Security Instruin.nt as a lien on t4�e Prop�rty:(b)Yearly leasehold paymeuzs
<br /> .. or g�round rents on the Progerty,if any:(c)Yearly hazard ar PropertY insuraac�premiums:(d)Year1Y flood insurance premiums.
<br /> . if any;(cs)yearly mortgage insuraace premiums.if any:and(�any sums payable by Borrower to Leader. in acxordance with
<br /> '.'�• the pmvisions of parugruph 8.in lieu of th:,payment of murtgage insuratttr premiuubs.These items are calted"Hscrow Items."
<br /> Lender may. at aay time,caallect and hold Funds in an amnunt not to eacee� the maximum amount a lender far a federalty
<br /> " reiaead mortgage law m�y reqru�for Sorro�ver's escrovr woouau nnd�r the faderat liea! Estate Settlemeat �ror�ares Act of
<br />:I;• 1974 as am�ded.hnm ame[o ame,12 LJ.S.C.Searon Z�JI et seq. ("RESI'A"3.unless aiwther law that apglies t�th:Funds
<br /> �`� sets a Iesser am�i. If so� Lender may, at any time, coltect an� hold Funds in an amount nat ta excced the lesser amount.
<br /> , Lender may�she amount af Funds due on the baEis of current data and reasonable esrimztes of eacpenditures of future _
<br /> � . Fscroar Items or ofnerwise in aocordance with applirabte L�ci«_ -
<br /> • Tite Funds shall be hetd in an institution whose�posits are insured by a federal agency, instrumentality, or ensity
<br /> . (iasluding L�endea.if Le�►d�a is such an institution)or in any Federal Home L.oan Bank.Lender shall apply che Funds to pay the
<br /> - ' Escrow Items. L.endeY may kot charge Sorrmses for hotding and apptying the Fuisds,annuaEt}�amlyzing tha escrow accaant,ar
<br /> ,. � verifying the Fscrow Items,unless Lender�.y;s 3�nrrower interest on the Funds gad applicatfle L�N��,�.i�.Len�2�to make suc� :
<br /> 4'" a charge.However,Lender may require Bor�ur�er to pay a otie-time charge for an indepeadeni re.r.���t�ta�c�ptirting sen+i�
<br /> nsed by Ixndes in connection with tius loan, r:nless a�;piicabte !aw provides otherwise. Ualess �.z agree�rpnt is made or -
<br /> . agplica6le lavr requires interest to bE paid,f.�e�5r*s'�aat�a required to pay Sorrower any interest or eamings c�the Funds.
<br /> -: 7..' Borcower and Lender may agree in writftr�,isr�-e�,t�:iaterest shaU be paid on the Funds. Lender shall give to Bormw�.'>
<br /> without cGarge. an annual accounting of.r�rc tEur,�s. s��wing credits aud debits to the Funds and the purpose for cvhich eacit
<br /> �. `' debit to the Fands was made.11ie Fands�$�7edgad as�ditional sacurity for alt sums secured by tt�is Serurity Instrumeiu.
<br /> � lf the Funds held hy I.endes excees�the amounts pes�i�tted to be held by applic�la�aw,l.ender shall accuur.�.�o Borrower
<br /> fo.r the excess Fands in accord�±�ra with the re�niremenu of applica6le law. If the�animnt of the�unds held by T�„nder at aasy -
<br /> �.�`��,� ame is not suffcient to pay the Fscrmv Ite:ns wben due,I.endee may so notify Borroa.�rin writing,and,in suc6�se Bor,rower
<br /> '."� shtill pay co Lenda the amoLnt necessary t.�¢�ice up tho de�ci�ncy. aorrower shali make up the�d�ficiency tu no rgone than _
<br />':;,;:';;�, tw•elve mvnthly paymenis,at L.end+er's sola�i�aresion. _
<br />,:.;..::�' . tlpun�payaient in fulf of ali swnv secured by thtt��rin�Insuument. l.end�sf�221�pmmptly refund ta�sreov�er arry �
<br /> .' ..j;" �vtL�held by l.ender.If.nnder paragraph 21.I.ender shsPl.acquire or sell the Propeny.i.cnder,prior to the acqi,���on or sale
<br /> .•;�,;:
<br /> ,.irr� . of ttte Ptopert�,l�&�a1�IIpp1y ac►y Funda held by Lender at the dms of acquisition or sale as a credit against the snms secured by
<br /> fi���� : this Setutity Instqument. :
<br /> .?�.�Applit�tt�on of Faytr,�ents.Uniess applicable law pt�nvides otherwise,all payment�re:eived Isy Lend�r�ander paragmphs . �
<br /> r�'�'' 1�QC7�.8�13�I�a$tl(JQI10d: first,to any pnpayment charges due under the Note;secarik,-w,�.m�unts payable under parag�apb 2; �. -
<br /> � ".� thii�;to interest due:foueth.to principal due:and last,to any late charges due un�er r�D l�ute.
<br /> `�°;.,{Y 4.C{wr(;es;L[eus.Borrower shall pay all�taxes,assessmenu,charges,fines a�d impositions anributable to the Property
<br /> -:.�,:;n�r which may attuin priorit3+over this Secutih}..�sa�tnmaent.and leasehold payments or grouad rents.if any. Borrower sI�a11 pay
<br /> ....r.:f:`' these obasgattons in the manner.proviQed in pm:��wph 2.or if not paid in that manner,Borrower s�li1i'pay them on time directIy.
<br /> . ' tn the person owed payment.Borcower shall prompdy fumish to Lender all noti�es of amonnts to be paid under this paregraph. -
<br /> If Borrower malcea these payments direcdy.Borrower shall prampity fumish to L,end�c reccipts evi�encing the payments.
<br /> .... $orrower shall prumptly dlscharge any lien which hns priority over this Sesurity oas3rument unless Borrower:(a)agrees in .
<br /> .;i writing to the payment of the obligatlon secured by the tien in a manner acceptable to Le�sder,(b)contesu in good faitb the licm
<br /> by. or Qefends against enforcement of the lien in. tegal praceedings •:,�:h in the,Lender's apuuon operate to prevent ¢�ya
<br /> . �nforcement af the lien:or(c)secure9 from the holder of the lien an�gre�ment sa�;.�I��ctory to l.eadei subordinating the lien.to
<br /> • �w`ria Securiry Instrument. If[.ender determines that any part of the Property is su��to a lien whlch may attain priority over
<br /> - th�s Security Instniment. I.ender may give Borrower a notice identifying tbe lien.Borrower shall satisfy the lim m talcee onc�
<br /> ���`-;�g�', • more of tke aciions 6et forth above wlthin lU.days of the giving of notiuc_ �.
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