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<br /> _.�„-,;,�,y,;:�:yh S'�,.� T(XIETNER WITH pll Ihc impmvcments nuw or hemaf�cr c�ec�ed un thc pn►peny.und ull c�semcnt�,uppunenancca,
<br /> -- and fixWrea now or hereafter a part oP the prupcny. All rcpinccmenla en�l udditl�ns Hhall ulru be covered by Ihis Sccwity
<br /> ��!"n'� �'` Inurument. All of Ihc fbrcgoing ia micrrcd to in this Sc��urity Inxtrumcnt aa thc"Property."
<br /> ?�Hqi�`�
<br /> ,�';� „ �,�, BORROWFR COVENANTS that Borcuwcr is luwfully�eised nf thc cztutc hcnby cunveyed und hux�hc right ta grunt —
<br /> ,��a,,.:,�rA...�.�,�,. ,. . and convcy lhc I'roperty und�hut thc Praperly is unenrumi+crcd,cxcep� for cncurnhrnncc�of rccord. Barn�wcr warranls und
<br /> :�, " ��`• �• will defcnd gene�ally tl�e litic to thc P�pcAy against pll cluims und demandx,aubjecllo�ny cncumixancez of rc�urd.
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<br /> .,,..,,:_.� ..�..:.�,�i,:. THIS SECURITY INSTRUM�NT combinc, unif��rtn rovcnantti for nutiunal us�; and non•uniform cavenunts with
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<br /> limited varialiona by juri�dictiun tu canstitute u unilbrm.recunly instrumem rovcrinu mul p�upeny.
<br /> ��.,�„;,� �'�Q• UNIFO[tMCOVBNANTS. BartowcrundLcndercuvenonlu�Jagrccasfollows:
<br /> - !. Pwyment of P�Incipwl t�nd Interesl:Prepaya�eet And l.ate Charges. Borrowcr.hall promptly pay when due Ihe
<br /> �,.�h:�:t'_�1
<br /> . ,., � •� ��• pdncipal uf und interest on thc debt rvidcnced by thc Note And uny prcpuymrnt And late char�ex duc under the Notc. ____
<br /> �•r::�'� . •"'' �� 2. �nds for Tiuces a�d Insurnnce. Subject la upplicablc luw ar to u w�luen wuiver by l.cnder,Borrowcr shall pay to
<br /> � � �� Lender^�the dny mon�hly payments urc duc under thc Notc. until Ihc Notc ix paid in full, li Sum 1"Funds")for.(u)yeprly
<br /> _�` .;�;�;;�:`�,'.:.=:. . Iaxes and assessmen4g which muy altuin prioriry��cr thix Securiiy Imtrument us u lien an the Property:(b►yesuly leasehald �
<br /> -��-,,,;,,;_„�::..,,.. � puyments or ground rents on the Propeny, if any; Ic1 yeurly hazard or property insumnce premiums; (d) yeurly tlood
<br /> �•��-� insurance premiums, if uny; le) yearly mortguge insumnce premiums, if su►y: and(n nny gumy puyable by Borrower to
<br /> '����;. ,;:' ' � Lender,in uccordance with the pmvisiona of parugraph 8.in lieu of the payment of monguge iosurnnce premiums. Thetie �-
<br /> ' �e°� J�� �.,•-�•^ itemg are culled"F.�crow Items.' Lender muy,ut any time,collecl �nd hold Funds in an umount not�a exceed the maxlmum -
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<br /> _�� • �,..,.•.; " amount u lender for u federally related mongoge loun muy reyuire for Borrower�escrow uccount under the federul Rcul �'.`
<br /> = � ;;:.'�;..;•'r��?; Estate Settlement 1'rocedureg Act af 1974 us umended from�imr�o�ime,12 U.S.C.�2601 et scy.("RESPA"),untese another �'
<br /> ;� • . '� • luw that appliec to the Funds se�s A lea;ser umount. If sa,I.ender may,ut any time,callect and hold Funds in un umoum not to
<br />.- � - •- :�f,�; .��•. exceed the Icsser umoum. Len.kr muy etitimut� the amount af Funds due on the bacis of current duta und reas�nable �
<br /> estimates of expendiwres af future Escrow Items or otherwise in accurdvnce with applirable luw. ___
<br /> � ' " • • Thc Funds shull be held in on institution whosc dcposits nre inxured by a fedcral ugency, instrumentaUty,ar entity
<br /> �• ' (including Lender,if Lender is such an institu�ion)or in uay Fedcral Home Loan Bunk. Lender zhnll upply the Fundc ta pay =
<br /> � , the Escrow ItemS. Lender may not churgr Bo�rower for holding and applying the Funds, unnually nnnlyzing the escrow
<br /> ' � account, or verifying the Escrow Items, unle+s l.endcr puys Borrawer interest on the Funds And upplicuble Iaw permits
<br /> � l.ender to make such a chnrge. Huwever.Lender muy require Borrower to pay a one-time churge for an independent renl __
<br /> � �� ealute wx reporting service uxed by Lender in connection wi�h this loan,unle.�s applicuble luw providex otherwise. Unless an _
<br /> " �~"' agreement is msde or upplicuble luw requires imerest to be paid,Lender shall not be rcquired ta pAy Bonower any interest ar =
<br /> " � • � e:unings on the Funds. Borrowcr und Lender may agrce in writi�g.however,that interest shAll be paid on�he Funds. Lender .w.�
<br /> �hall give to Borrower,without churge,;ui unnual accounling oi Ihe Funds,showing creditx und debitx to the Funds und the __
<br /> � purpose for which euch debit to the Fundti wa.�made. The Funds are pledFed as additional ucurity for nll sums secured by —
<br /> _ _ _ tbis Security Inswment. _=
<br /> lf the Funds held by Lender eaceed Ihe umount+ pe:rtn�ued to be heid by applicnble luw. Lendc� .iwfi e«uuni io - —
<br /> �� ' Borcower for the excess Funds in accardance with Ihe mquircments of applicnble Inw. lf the amount of the Funds held by
<br />' � . • � Lender ut uny time is not sufficicnl to pay thc E,crow Items when due,Lender muy so notify[3ortawer in writing,und,in w
<br /> xuch wse Borruwer shull pay to Lender the umount necess�ry to mulce up lhe deficiency. Burrower shull make up the
<br /> - deficicncy in no more thAn twelve monthly payments,ut Le�der's sole di�cretion. "
<br /> ; , Upon puyment in iull nf ull aumx secured by thi,Sccurity Inxwment,Lender shull promptly refund to Borrower any _,._
<br /> Funds hcld by Lender. If, under paragruph�I.Lender shull uryuirc or xell the Property,Lendcr,prior to thc ucyuisition or „
<br /> � sale of the Property,shall upply uny Funds held by Lender at the�irrxe of ncyuisi�ion or sule s�s u credit aguinst�he sums ���•
<br /> L secured by this Security Instrument.
<br /> ' 3. Application of Payments. Unlcss npplicablc law provides othenvise, nll payments received by Lender under �d'�`:�;
<br /> _ . puragmphs 1 and 2 shull be upplied: firsl,to any prepnyment chazRes due under the Note;second,to amountx payable under ��
<br /> paragrnph 2;third,to intcrc�t duc;fourth,to prinripal duc; and lu+l, �o any lutr churgc+due under thc Note. �
<br /> 4. CharQesi Liens. Borrowcr shull puy all wxe,, usties.rnent+,charges, fines unJ impositions Uttributnble ro the �:,
<br /> • Property which muy uttain priority ovcr this Securiry lmtrument,�nd Icuschold payment,or Rround rents,if any. Borrower ---
<br /> shall pay these obligntiam in Ihc munncr provided in puragmph 2. �x if not p�id in�hut manner,Borruwer shull pay them on �.:�
<br /> - time dircctly ta the person owed puyment. Bormwer,hall prompUy furnish to Lenckr all notices of umaunty to be paid under �
<br /> this paragrnph. If Borrowcr mukes these puyments dinctly,B�xrowcr shall promplly fumi,�h�o Lender reccipts evidencing
<br /> • " ' '' the puyments. —
<br /> Borrower shall promptly Jischurge uny lien which hvs priunry ovcr this Security Instrument unlr�+Borrower.(a►agrees �_
<br /> in writing to the puymenl of the obligalion xecurcd by Ihc lien in•r�nunncr acceptable to Lender,(b)contests in gaod fuith the
<br /> � • lien by,or defcnds ngainst rnforcement of thc Ikn in. Icgul prcxcedings which in the LenJcr+opinion operutc to prcvent the
<br /> ' enforcement of the lien;or(c)secures from thc hoWcr uf'ihc li�m an ugrcement wtisfartnry to Lender subordinating the lien �/,_
<br /> to this Security Instrument. If Lendcr detertnines Ihut uny part of the Propeny is,ubject to•r licn which muy uttAin priority ���
<br /> ' . over this Securiry Instrument.Lender muy give Bortowcr a noticc idcntifying�hc lien. Borrower shall sa�isfy the lien or take �:s°
<br /> one or more of the actions set fonh ubove within 1 Q days oP Ihe giv ing of notice. "
<br /> � � 5. Hazard or Property Insurance. Borrowcr xhall keep thc improvements now ezistinE or hereuRer erected on the
<br /> • Propeny insured aguinst loss by fire,huzunis included within the term "extended crnrragr" anJ uny other hazards,including
<br /> ' Floods or flooding, for which Lender reyuires insur•rnce. This insurunce shull br muintuined in the umounts and for the
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