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<br /> TCX31:1'Ill's� WITH all the emprcrvemenu �wu on c�reaftc� eroctal un the prnperty. Rn all ea�emrnts, �_—
<br /> � �,�Purtenances.and�ixturea now or hereatter�part ot the property.All replacemtnts and adchtiuns shall�lso be wvueti i
<br /> by this Soeurity Insuument.All ot tho f�reroin�is ceferrod to in th�s Socurity Insuument sa tho'Pcopercy.'
<br /> 30RRQWF.R C:OVLAIANTS that liorrowar ia l�wtully seised oi the esuu hereby concoy�od�nd hLS the rieht ta �:_.
<br /> �rant and convop tho Yroperty and that tha i'�v�perty ic unencumb.•ted,exsep! for encumbrinc�s af racorQ. Ao:rower ' '
<br /> w:��:��t�a�3 r:il:�!e!ead��!!�n�l;+h�titta tn the 1'c�sorrt�a�install claims�nd dom�nds.cubjxt to aaY encumbxaacas �`�
<br /> afrecord. �
<br /> THI�S�CURITY 1N3TRt�1FsN'1'combina�unitarm cavenu�t9 tor nationsl use and non-unitorm coven�nts with �
<br /> limitod vari�tion9 by jurisdiction to constituto a unitarm t�ecwity instrument cavnrine raaf property.
<br /> UNIFORI�t CQVTsNANTS.Borrowec and l.e:�dcc covan�nt and a�roe as follows: �'_
<br /> 1.Payment oT Priacipal�ad lntecest;�'Yepaymzn4�nsl Lato Ch�r�ea. Borrower shs;l promptlY P�Y when due
<br /> tho principal ot and interest on the dobt evidenced by the Noto�nd any pcepayment and lotc chareea due under the Note. ��'
<br /> 2. Funda tor Ta:es and Insuraace. Subject ta applictblo lsw or to a writtcai w�iver by l.eader, Borrower e.'scll __
<br /> y to Lender on the day monthly p�y!!�►mtsare due wtider the Note,until the Note is peid in full.a sum ("Funds")for. �
<br /> �s)yesrly taxee�nd�ss�ssmes�ts which may attain prlorit}�ov�r this Security Instrummt as a 1'ien on���Y:�b� �__
<br /> miums;
<br /> yeuty lessehold paymentc sr gsour.d.enta on the Prop�rty,ii any:(c)yeu'ly hsurd a'pcoPea'Y --
<br /> (dI Y�'�Y n�i���P�miums.it any;(e)Yearly mort�a�e insurance?�u of the�t�mcnt ot mo g� ��� _�
<br /> by Bonower to Lender,in uxotd�nce with the provisions of puaEnp 8;� PsY -
<br /> premiums.These items are called'Escrow Itams.'l.ender may,at any Ume,c:olloct snd lu�ld Funds in an amount not —
<br /> to nxceed the maximum amount a leader for a fe�c�lly ralat:�d mortgage losn msy rec�itire far Bosrower's escrow __
<br /> aucount under the foderal Real Esuto Settlement Proceduros Act oi 1974 as amendod from tirne to time, 12 U.S.C. _
<br /> Section 26t11 et seq. �'�PA'�•���0��'law thst applies to the Funds sets a lesser amount.If so.I.�ndes m�Y.
<br /> at any time,colloct aad hold Fun�s in�n amount not to excoad the le�er amount.Lender may estimata ttu amount of
<br /> Fuade due on the basis of cwreat data aad reasonable estimetes of�xpenditurcs of future Escrow Items or otha�wsse in
<br /> accordusce with applicable law. =
<br /> The Funds sha11 be held in an institution whose deposits uo insured bY�fodenl s��°y�'�m�ti'�Fu��
<br /> (including Lenckr,if Lender is such an inst;tution)or in any Foderal Home Loan Baak.1-ender sUall r.pply
<br /> pay the F.acrow Iteme.Lendcx msy not charge liarrower for holding u�d applying ffia Funds, sanuallY anilYzing the
<br /> escrow aceount,or verifying the Esccoa Iteme,unlesa Leada'P=Ys IiOrr°a'«'1nurest on the Funds and applieable law
<br /> pErmits Lender to make such a ct�asge. However. Lender miy roquire B°rr°wer t° p°`y a one-time charge for an
<br /> indq�endent teal eatate taY rapo*ting servioe used by I.auter in conaoction with this loaa,unless appticable law pcovides
<br /> otherwise.Unless an agreemeat is msde or applicable law requires inurest to be pud+1.ender sh�11 not bn roqu►rad ta
<br /> pay Bomnwer any intcna�t or eaminEs oa the Funds.Bornower usd Lend�'maY agree in writing.however,thsi in•.ecest
<br /> shall b�paid�n the Funds.I.ender sh�ll give to iBorrohw h'each d-bit to�F•.rads au as�tinThe Fuads ue plodited ss _
<br /> credits an�cD c3eDits to the Fuads aad the pwpose
<br /> additional s�.`an'ity for dl suma secured by this Secwit9 Insuumeat.
<br /> If tho Fliads held by Lende�'ezoeed L�so amvua.ts Pc�"itted to lx held�g�ppiicabte law,I.ender shs11+coouat to
<br /> BorroRar{or the e=oess Funds in accord+nca wita s'se roqwrements�f a�'a�t�e iaw.If th�smount af the Fuads held
<br /> by La�da at my time is not suificieat w pa�y tbG�scro�Item.�s.�hN u�m�aic�e u3cort]Le r7�f�uaeacYy��wa' l��milce
<br /> and,iII SUCh c.y9e 13oP1ovrer slwt]u�'ao,�u...i+ttLL�m...'..!'.L'__�, .
<br /> up the�cieacy ia no more than twelve monthly payments,at Lender's sale discretion.
<br /> Upon paymeat in full of all su��exural bY this SecuritY Instrumait,I.ender sha111xomptlY��B°��
<br /> any Funds h�1d by Leader. Ii. under Par�BnPh 21, I.enda' sball aa�uire or sell the Propecty, .
<br /> acquisition or ssle ot the Ptoperc9,sta11 app�Y mY Fuads held by Lender at tlu time of acqwsition or sale as a crodit
<br /> a�ainst the sums eocuced by thia Security Instrumeat.
<br /> 3. �lpplicstion ot Faymento. Ualesc spplicable law providce othrr�vise,tll psymeats roce+ved by Leader nuder
<br /> P�81'+P�1 aad 2 shall be applied: first.to aaY PnP�Yment chu¢es due nader the Note�exond,to amouats payabie
<br /> �P�'�P'aPb��d,to interaet d�;fourth,to PrinciPd due;and l�st.to aay late charees due w�der th�Nou.
<br />— 4. Char=es: Liens. Borrowa st�all paY dl taxes. assessmeats.chsrges. tiaes and impoeitions attributable to the
<br /> property�vhich maq attin priority over this Sx�uity Instrument.and leasehold payments or �rround reats. if any.
<br /> — Borrower shall py theee obligatioas in the mu�er provided in�aragraPh 2.or ii not pii3 in that maana. Borrowa'
<br /> shall pap them on time directly w the pere�a owed payment.Borrower shall promptlp�urnieh to Leader vl natives of
<br /> amouata to be paid under t�is puagrnPh.Ji Borrower makes thesc paymeflts diroctly.I�roxex s1nU promptly furnisb
<br /> to I.endu recxipts evideacing the paymeats.
<br /> Botrower sball promptly discharQe any lia�which h�s ptiority over this SxuritY Instrument unless Bortower: (a)
<br /> a�in writing to tho psymeat of the obligation secured by the li�n in a maaner aocepuble to I.ender;(b)coatests in
<br /> qood t�itJ�the lien by,or defends a�inst eatorcement ot the Iicn in,legal peoceedin�,s�vhich in tha I.ender's ogiaion
<br /> operate trs pr�vent the enforcement of the lien;or(c)securrs Erom the holder of the iim aa agreemeat sstis[actoc9 to
<br /> I.ea�der subordinatin�the liea to thia Security Instrument.If Lender determiaes that aay part of the Property is su�3ect
<br /> � to a liea which may attain priorit9 over this Secur►tY Iastruma�t.I�ender may give Borrower a notioe ideatifyir.�the
<br /> l;en,Borrower shall eatidy the liea ot take oae or more of the actioas set forth abov�withia 10 days of the giving of
<br /> notica.
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