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<br /> � 70GEIHER VY17'H ai[t6e impeovamee�s�now a l�ercatter eracted ae the propa�fy.and�lt e:semrnts.�. � _
<br /> < � `�ldfixtures naw oc l�eafter a put of the prnperty. All ceptacert�ent�and additians shall aiso 6c covered.by tfiis Secnrity �
<br /> , . � lnsmunent All of tL"e faegang is refemed w ia this Security Enstrument as it�e"Ptoperty." - •
<br /> � 8017ROR►FR C4VEN.ANTS tt�at Borrower is tawfufly seised of the esrrte hcrehy canveycd ancl has ttie right to gant .
<br /> = and oonvey the Pmperty aad that the Pimpercy is unencum6ec�d.except farrncumbr.�nces af recoM.Eonnwer warr�ts and � .
<br /> wi11 defend gentmlly the dEle w the PropertY a8unst atl claims aod demuids.subject to any encumbr�r�ces af recoN. :
<br /> THlS�SECURi'!'1� INS7RlJ14�1'�'combines unifurm oovenanu for nawon�l usc and non-unifarm cavenants'with
<br /> � limitod variauons by jurisdiction to canstitute a unitam security in;wrtsent covering tea��roperty • � �
<br /> - LII�TIFORM COYENMl7'S. Bortower and l.ender cwenant and agra.as fotlows: •
<br /> L P�}�t otPrLlcipal asd I�terest;PreWlaxat aed Late Cbar�es. Sorrower shall p�mPUY PaY when du�the -
<br /> ' .P�P�ot and iateec+eest oa tl�ee de6t evidenced by the Note and anY P�Y�!�nt�nd late charges due under tlie Note. ,
<br /> = i F�da to�T�a a�d I�r�e. Subject ta applicable law or to a written waiver by l.ender,Boimwar shaU pay to .- •
<br />_- Lender on tAt day:monthly paymenfs are du�under die.Note.wui!the NWe.is.paid in futl.a sum("Fwrds")for:(a)Y�Y•..
<br /> taxes aad assessatjents which may attaia griariry over ttus S�ri�!1�nt as a liep on the Hvpe�ty:Eb)Yeazly�easehold.
<br /> Payments or graund tents,nn dx:Ptopecty.If any; (c)YrattY.�hazard or praperry insurarce premiums: td)yeattY ftaod : -
<br /> insurence p�entiams.if anY:(e)yeatiy aartgage insurance p�ncz^ts.:if aay;and(fl anY sums PaYabte by BQnower w =
<br />'l. Lendar.in aocordanca-vvith th�,Proyisions of par�graph_8.iit.�,�x:a�;t�e.payment pf mottgage insuranc�premnun�„7'hese_ ��
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<br />'�' ' items.are.ealled."Eserow Items: Lender may,ac any tane.,cat�ec��nd fald�vnds in an amoum na eo exceed tlx.tn�m�tn�� _
<br /> aawuAt a lender fos a federaliy nlated mortgage k�an a�a}���equi�e for Bormwet's esc�ow accoant under the fe�at Rql �-�-:-�
<br /> Estate Settlement Prncedures Act of 1974 as amended fran tirne to 6me.12 U.S.C.$2601 et seq.("RFSPA").unless another. �;._—
<br /> taw t6ai applies to the Funds sets a lesser amount If so,l.ender may,at any titne„coltect and hold Fvnds in an amount not w' r- -
<br /> � excxed the kssec ao:oun� L.endec may eswnate the amount of Funds due on Ihe basis of cumnt Aata.and neasopabk �:.� _
<br /> . -� estim�tes of expenrlitu�e.s af fi�mc�c Esc�ow Items or otherwige in xcadance with applicabte law. !�_�
<br /> " T6e�Funds shall be held in an institutian ahose deposits are iasured by a federal agency.insd�umentaliry.or entity ��u_-
<br /> -��r�� . (includiag L�endet if Lender is sacb an institudon)or in any Federal Home Loan Bank. I.endet shall apply the Funds w pay =�_-
<br /> ..�-`� the Escmw Items. ixnder mag not char8e Borrower for hotding and appl3nng the Fiinds.annually analYzing the escrow �-�:-=,w
<br /> ;" ' �, account,or verifying the Fscrow Items,unle"ss Lender pays Borrower interest on the Funds and applicable law permiis ,_,`�*_,�,...: w
<br />� t.ender to make sucD a charge. Ho�vever.Lender may requue Borrower to pay a ane-time ctiarge for an independent real �
<br /> - in sen�ice used b i.eaQernr cannection widi this toan,unless applicabk taw provides othenvise. Unkss�n - - • �`_�-
<br /> estate tax report g s Y
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<br /> � ` 4 • agreement is made or applicable law requires interest to be paid.l.ender shall nat�tequired to pay Horrower any interest or
<br /> � ;,,,;:�;:,� ,` eamings on the Funds. Bormwer and Leader may agree in writing,however,�hat interest shall 6e paid oa ihe Futrds.•Lender _.
<br /> � ,; � - : shall give to Borrower.without charge,an annnal accourting of the Funds.showing credits and debits to the E�ds and the � = __
<br /> :r z.�'''�±`���� � n for which each debit tn the Funds was made. The Fuads are pledged as additional security for a1t sums secured by
<br /> �-_.'r_-,�:..:=, --.: p rpose "._
<br /> _ :��`:, � this Security(nstrumen� . . ,,�.. `�`_
<br /> • If the Funds held by Lender exceed the amounts pera►itted to be held by applicable law,Lender shall account to ��-�:'s-'.-:-_"�-�_
<br /> ''�- � `� L Borrawer for the excess Fimd4�acwrdance with the rec�ri"rements of applicable law. If the amount of the Fa�rds held by ��=��i�� - ' `- _
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<br /> Lender at any time is not su�c�ent to pay the Escraw Lteca�s when due.Lender may so notify Borrower in writir�and in ; ':�;:; _;�M=
<br /> �.:" L *'���• such case BorraR•er shaN pay to Lender the amaant necessary to make u�s the deficiency. Bormwer shaU maice.up the: 5��'�'��s` �'-;,,,-
<br />` ,����,���'•�•� defici in no�om than twelve monthly paymen�s.at Lender s sole discredon. :``�{��;`:t _
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<br /> ` :..'�': , r 1Jpon paymer�t in full of all sums secum�by this Security instr�eat.Lender shall promptly refund to�arrower any. , ��:�. • ��..-
<br /> '.. ._- • .. . Funds held 6y Lender. If,under pazagraph 21.Lcnder shall acquire er sril the Property.l.ender.prior to the acquisition or ��'}:;;;,` - •, '
<br />, .� �� � sale of the Praperty.shall apply any Funds hetd by Lendes at the time of acquisition or,r,ale as a credit against the sums ���,;';r;;;, ,, -
<br /> i.. - ,. ` , secured by this Security Insaument. , � -
<br /> • �" "' " � ppplicxttoo o�Paymeats. Unless applica6te taw provides othenvise,all payments received by Lender under
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<br /> , _�'��;;_�_��=� - paragraphs 1 and 2 shAll be applied:firs�to any prepayment charges due under the Note:second.to amounu payable under , _
<br /> ' '°��`�•=' '� ' � 2;third.to interest due;founh,to nci 1 due;and last.to an late char es due under the Nflte.
<br /> __.-f`��._��:z; pazagraph Pri Pa Y S . ..
<br /> .;� 0. ChArges; Liens. Borrawcr shall.pay all taxes, assessments, charges,tines and impositions attributabte ta thc
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<br /> ,.�-_:•.__� Property which may attain prioriry over this Security IRStr�:r.�nt,and leasehold paymenG4 or ground rents.if arry. �orrower =
<br /> �"•'��`�;s„• .-; ` st�all pay these obligations in the manrter provided in para�h 2,or if not p�aid in that manner,Borrower sball�a���em on , . • �.
<br /> ,,.,��,'�_.' .�. 6me directly to the person owed payment. Borrower sha])psomptly fnmish ro l.ender all notices of amounu to be paid cr►der � �
<br /> • ;;;;y,_�:::_.:1 this paragraph. If Horrower makes thesc payments directty,Honower sriall prompfly fumish to Lender receipts evtdencirtg � •�,��� ',r `�•
<br /> • :�._,;.;-:� the paymenu.
<br /> ' �;' '•s;,:.;•;,., Borrower shall rom tl dischar e an Icen which has riarit ovcr this Securit Instrument unless Bonower.(a)agrees. . •`'":
<br /> _�:,,.�-��..-. ... . P P Y S Y � P Y Y •�i,�,
<br /> . 'y� in writing ta the payment of the abligation secured by the tien in a manner accepiable to l.ender.(b)wrrtests in good faith the � 7�
<br /> ' f...."� liesr by.,or defends against enforcement of the lien in,legal proceeAings which in the Lender�s opinion operate to prevent the . ��'-_'`�--_=
<br /> ��'��..�'� . .. �-
<br /> •z.,.. :. - enforcement of the llen;or(c)secures from[i�c holder of the lien an agreement satisfactory ta Lendcr subordina�tiqg Lhe 2ien ;„��,
<br /> r�_•��.; ..:- � '` to this Securiry lnstrument. If l.ender dete�mines that any part of the ProQerty is subject to a lien which may attam priority .
<br />• ��_r �• _ � over this Security Insuumen�,Lender may give Borrower a notice identil'ymg the lien. Horrower shatl satisfy the fi�n or take �
<br /> � one or more of the actIons set fonh above within 10 days of the giving oi nbtice. ,
<br />� � : S. Haza�d or Property Insurenca Borrower shatt kcep thc improvements naw existing or hereaftcr erected on the
<br /> '. Pro rt insured a ainst toss by t"ire.hazards included withia thc term"extended coverage"and any other hazrucfs,including � `,�
<br /> ' .� ' . flo ds or flooding for whIch I.ender requires� insurance. This lnsuranca shall bc maintained in the amounts and far the
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