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<br /> 'P(TG�PHEE�1Pd1TH all the improvemenss aow oF hereaPter erect�l on the property.and ease .zp ar�
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<br /> fixtures nflw or &ereaftes a pa.�t of the pmpercy. �4U repi�oeinents and additions shall also 6e covered by this Securicy �__,_
<br /> '�:` Insuunieal.Ail of Ehe foregoing is r�ferce�to in this Security I n s t i v m ent as t h e°P r op�t y° ��
<br /> • BORR�W�R COVHAiANTS that Borrower is lawfuity s$iscd of tho estate hae�y conveye�aM das she dght to�sa2 ar.d • �_.
<br /> . oonveyr t6e Property and ttiat the Property is unencumh:red.exoept Eor etisum6rances of recard. �orrower w�rraat�s�nd wiit �`=-
<br /> � defend$eneral�y the title ta ths�roperty againsc aIl clsims and demaads.subjea ta any encumbrances of recoid. �`�`
<br /> • THIS SECiJRITY IN�TRUNtF.AiT uombines unifomr wvenalsts for rudona!use and non-uaiforr�wven�nts vritb limited �',
<br /> - varifldons by jurisdistioa to consri�ute a unifarm s�urity insmun;.m coveriag cea!pm�rty. s:€:�'
<br /> Ul�i1�'OItM COVENANTS.Borrower and Lender cov�auit and agree as follows: F�=_:
<br /> �" !. F�yment ot Frindpal sind Ini�res��reis�Ymea!tutd Lnie CPu�rgFS. Borro�ver shall psomFtly pay when d�le t�e �-'X`_
<br />��' princip�l of aad interest on the debt evidenced by the Note aa�d any prepnyment aad late st�arges dae uader the No:e. ' --�'__
<br /> 2.Fands fos TsixeS and in���nc�.Subject to applicable Ww or to a written waiver by I�cder, Su�mvrer sh�pay trr -�-r
<br /> �� � I.ender an the day monthly payments are due undes ihs Note,until the Note is paid in fiill.a som("Fuads")f+�r.(a)yciuiy tr�crc� N--_.
<br /> an�!as;�esssneats which may attain p�iority over tY�i Security Instrument as a lien on the Pra�erty:(b)YeatiY t�idc pr►yar.critfl
<br /> or grmirui rents on tite Pmp..rty.if any;<c)Y�Y��P�PenY��Premiums:(�Yearly ft�ad ir.si:.�snce p.rezciutt4a,
<br /> ;'�`;� if a�; fe)Y�Y�P�B�'insur�t°e premiums, iF any;an�{fj aay sums payabie by Barrovrer ta I.�nd:r,ia�cuzt�ce vrit�• -
<br /> :`'::;r. the�ui�ons of p�*agraph fi,in lieu of the paymient of ausrtgage ins�ranc�p,�,n„ns.These itema are cui�°Est�1 Itrtws.° -_--
<br /> Leusi�r•m�,.at any dme, coQe�t an�hold Fu�ads in an Fuaaunt na�to exceed.the m�vus�um amn�at¢lender fn-r•a federally - -
<br />;'�,-,::;, rela��r�t�e loan may m,�uine for B�rtorrer's�crocv eccount under the federat Ftea1 Estate Scttil�_ment Fr.x:edu�Act of __
<br /> 1974 as�er.�e3 rrrm tjme w amz. 12 U.S.C. Section 2fs01 et seq. ("RESI?A°).unle��er law t�at�rpllrts tc+�t�a Fuuds =.:.
<br /> sets a less�r amms�. &f so, Lender may,at any Ume.nolte�and hoid fi�ads ia au a�o►.�t aat ta e:�caed�tt:e l�,ssxr amnuLi. r.:,:;..
<br /> I,ender asay e..rdmsst�:.�he amount of Fands dae an the basis of cmrent data and.reasonabte esti�ates�ra°.exgenditsues of fub�te �`�.. .,
<br /> Escmw Items ar a�ise in ateordance with applicuble law. � � . �
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<br /> ' T�e Funds sit�11 he hetd in an institution whose depasits are insnr3d by a f�rss� agency. isstrr,mentatity, or eutity, ���;;;
<br /> (including Lende�,if Leader is such an instimdon)or in any Fedsial Home Loan Banlc.Len@er shni�apply tt�Funds w pay th� `.^_.:
<br /> •`. '� Esefaw Itetns.l,ens3er�ay not char�e Horravrer for itolding end applying t�Fands.amtnait f ca�ni�a the esetow accou�i.or �--
<br /> verifying the Escrar�r Items,unless Ler.�er pays Iffi�rrower inter�st on tAe F�.�mi�and agplicabte laax yutt�iis Lender to ma1cE suats. --
<br /> a chsrge.Iiawever,i.ende�may tequire Boanwer to pay a one-tirne char,r�e�.or an 9ndependent reai�rsue tax reportiag servioe --
<br /> uso� b,y Lender in conn�ciion whh this loan, untess arsptia�6te lacv ptvvides ottie�y'ise. Untess an a„`reem8nt.is made or , �=:_:
<br /> applir�bte law requires interest to be paid,Lender shall not be required ta{�ay Borros�:a�y inte►�st ar eamings on ths.Funds• '
<br /> �arrou�er and Len�er may agee in wridng,however.that i�erest sh�,li�':�'�mn�..��nds. I.snder sLall giv�to•Botcower, �.-
<br /> . witbout�e,�a�annua2 accouming of the Fuads�showing credits and da�stts to t�e Funds an�the purpase for whicli each
<br /> ' debit w the�1s�wvas m�de.The Fund.�are pledged as additional seturiry for all s�secured hy this 5ecurity InstauareuE. __ --
<br />- � If t,'se Funds tietd by Lendrs exceed the am�ounts permitted ta be hetd by applicabl,��aw,Lender sha11 aqcour�ta��otrocver =_--"
<br /> ��'�'• fAr the excess FQnds in accardan^e with the requirements of applieable law.If the a�of the Funcls held Dy�er at any __--=
<br /> ' . time is not sufficient to pay W.F�crow Items whea due,L�ender may so notify Bonosver in wridng,an�,in sua'�case�orro�ver � �;;�-;-:
<br /> � s�all pay to I.end�a�hr r�mo�nt necessary w muTce np the deficieney. Bsr�rrer sball mal�up tha d.��..�cy In tto more th��. � s�4i..�
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<br /> `��'�� . twelve mOn3t�ly p2yxllenES.at Lencl�r's soie discree:�un. ` �• '.` . • : {�h::_
<br /> LAoD•Paym.�ci in full of all sums secured 6y ti�is 5e+�sity [nsa�arnent, I.ender ss�ll promptly iefu�ta�Byasior�er any : ''`';:.�
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