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<br /> , 4 TOIGETHER W1TH�li the improvements no�v or hereafter erected oa th�property.ar.d all easemenu.appurtenances,and �
<br />-` - fixtures now or hezeaRer a part of td�e property. All replacemenu and additions shall also be covered �by d�is Security �.=
<br /> �`` Instrum_nt. AU of the for��oing is refemed to in this Sea�rity Instru�nt as the'Praperty."
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<br /> , � BORRONER COVENAI3TS that @omawer is lawfully seisQd of 1he estate bereby convcyed:ind has the right to grant and _
<br />. , convey the Properry and thut the Property is uae�ccumbered, except for ertcumbrances of rernrd. Borro�ver waRants and will �
<br /> _ _ defen�generally ths title to the Praperry aguinst a(1 ctaims and demands,subjert to any encumbrances of record. __
<br /> 7'HIS SECURITY WSTRUMENT oom4ines uniform covenants for natiana!use and nors-unifo,•m covenants with iemited � --
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<br /> � variations by jarisdiaion to coristitute a nniform security instnunent covering real pr�perty. �_�_
<br /> UNIFORM C01iENAIJTS.Borrower and lxnder co�enant and ugree as follows:
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<br /> • l. Paymeat of Frinclpal and anieres4; Prepay�enE and I.ate Cha�es. Borro�ver shall promptly pay when due the �
<br /> �� ` principaS of and inte��st on the debt eviclena�by thc Plotc and asY P�Y�nt a�ed late c!►arggs due andsr the Note. �.�
<br /> 2. Euadg far Taxes and IaSUrsnce.Subject to a�licable law or[o a written waiver by Lender, Borrower shal! pay ta �•
<br />. � Lender on the d�y m�nihly payments are due under the Note,unril the Note is paid in full,a swn("Funds")for:(a)yeariy taxes �'`
<br /> � aad assessments which may attain priority over ttris Security Instrument as a lien on the Property;(b)yearlY leasehold payments -��-�-"-'
<br /> � or grouad rents an the Property.if any:(c)Yeariy hazard or property insurance pmmiums:(d)ye�uly f[ood insurance premiums. �
<br /> • if any;(e)yeady mongage insurance premiurns.if any:and(�any sums payable by Barrower to Lender,in accordaQCe wiih =�__
<br /> the pmvisions of paragraph 8,in lieu of the payment of mongage insurance premiums.'Fhese items are called"Escmw Items." ���
<br /> Lender may.at azry time. wllect and hold Funds in an amount not to exceed the maximum amoant a lender for a federaUy _
<br /> related mortgage loan may req�rire for Harrower's escrow account uader We federal Real Estate Settfement Procedures Act of �-
<br /> ;.. 1974 as amended from time to time. 12 U.S.C.Section 2601 et s�g. ('RESPA"),unless anoth$r law that applies to the Fands °-
<br /> .' ' sets a lesser amnunt. If so. Lender may. at any time. oollect and hold Funds in an amount not to eaceed the lesser arnount. . �
<br />' ..� I.euder may estimate the amount of Fus�ds due on the basis of current data and reasonable estimates of eapendiwres of future �
<br /> Escrow Items or otherwise in accc�rdame with applicable law. �
<br /> , ° � The Funds si�a1S be held in aa insdtution whose deposits are insvred by a federal agency. instrumentality, or entity _�••.-
<br /> (iacluding 1 ender.if Lendtr is such an ir�stitution)or in any Feaeral Home Loan Bank.Lender shall apply the Fnnds to pay the �
<br /> , Esccow Items.I.ender may not charge Borrower for holding and apptying the Funds.annualty asralyring the escrow asc�-.�nt,or
<br /> �.. verifying the Fscrow Itens.nntess Lender pays Borrower interest on the Funds and applicable law permiu Lender ta m�such
<br /> . , a charge. However.Lender may require Borrower to pay a on�dme charge for an independent real estate tax reporti�sen+ice �
<br /> � used by Lender in conaection with tlus loan, unless applicable law pmvides oiherwise. Unless an agreement is made or ----
<br /> . applirable!aw requires interest to 6e paid,Lender sli�ll not be reqaired to pay Bormwer any interest or eamings on the Fnnds. ��
<br /> Bonower and Lendes may agree in c�ziting, hower�r,thai ineerest shall be paid on the Funds. Lender shall give to Borrower. `=`'
<br /> . , withont charge. an annual acco"n�c:�the F�Gs, showmg cseaits ana deoiu to the runds ann[ue purpo�e iur wiiirb caw —
<br /> _ • debit ta the Funsts�ras ruade.The L'nuids�are pi�,^�as addiao.al security for all sums secured by tfris Sea:aity Irutrinmen� _
<br /> � ' If the Funds hetd by Lender exeee3 the amocros pemvtted to be held by agplicable taw.I.ender sb,�Pti•�:couat to Borrower ==
<br /> �� for the excess Funds i�acrnrdaace with We regu'irements of applicable law.If the amount of the Fun'c;�:r:2d by Lender at any ,' �
<br /> ' time is not safFcient to pay the�crow Items when due.Lende.-aray so notify Borrower in writin�.aa�,�such case Borro�ver r�-�
<br /> shadl�gy;.io�Lendei the amount c�xssary to make up the defrtency. Borrower shall ma[ce tp 6ha de�ceency in na�t:�than
<br /> twetve itwnthly pay�canUS,at Lender's sole discretian. •
<br />:':r,:;•, :.•; U�ti payment in fiill of all sums secured by this Securiry Instrument, Lender st�all pmmptly .rtf.'�d to Barrower any
<br />_�;;'�: •� Funds hald by Lender.If.under paragragb 21,L�ader shall acqu3re or sell the Property.Lender,prior tv:he acquisidon or sale �-
<br /> . ' of the 4�rcr�serty,shall apply any Funds h�ld 6y I.ender at the time of acquisition or sale as a cretlit.against the sums secured by �;
<br /> ' this Seenrity Instrument.
<br /> . 3.Applicatlon of Payments.Unless applicable law provides otherwise,all payments r�aived by Lender under paragraphs
<br /> 1 and 2 shall be app?�:.�irst,to any prepaymeLt charges due under the Note:second.to a�o��ts paya�:�under paragraph 2; �_
<br /> third,to interest du:�arth.to principal dne;a:a�;last,to any late charges due under the Note. � •
<br /> : . 4,::4tmrge��.feaq.Borrower shati�ay�:��axes,assessments,charges, 6nes and unprsirions attri6uiable to iiie Fmperiy . —�
<br /> ' which aduy�uuuln priority over tlrs�urity tnstrumeat. and leasehold payments or gro�nr,�-ents.if any.Bonowet shall pay --_
<br /> �, .' these oQjagations in the manner pro�:cied in paragraph 2,or if not paid in th�t manner,Bor�;r�er shall pay them oa tixn,,�irectly
<br /> to the,Qerson owed paymen�Bonower shall prompUy fumish to lxnder all aotiees of amounts to be(�ai�+tader d:is�ragraph. �
<br /> If Borrower makes these payments directly,Borrower shall promptly fumish to Lender teceipts ev[deaci�.ti;�payments. --
<br /> � ' Borrower sh�ll promptly disc4erge any lien whish has priority over this Security Instrument unless s'�crower. (a)agees in —
<br /> .. .. writing to the payment of the ohti.�su�n secured by the lien in a mrumer acceptable to I.�rds-�;(b)cantests in good faith the lien
<br /> . by, or cl�eads against enforcetrr�r:of the lien in. legal proceedings which in the Lender's opinion operate to pravent the -��-.,'
<br /> . enforcement of the lien;or(c)secures from the holder of the lien an a�rce�eat satisfactory to Lender subordinating tt�.c lien to
<br /> this Security Instrumeat. If Lender determiaes that any part of the Propert-y i:s snbject to a lien which may attain priority ousr
<br /> �. this Security Instnunent,Lender may give Borrower a notfce identifying tt,e i'ren.Borro�r�er shall�atisfy the tien or take one or ��
<br /> more uF.the actions sei forth nbove within 10 days of the givir,�of notice.
<br /> � Form�c1�� 91913 �. .
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