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<br /> 'P(1Cl(;�'lfI?�i WI'i'!d ull lh�i�npmvemr.ntr{i�n�v orh::rcafier crccte��n tho pmperiy,iu►d all casemcius,apl�n�tc�t�uuc.;,rnid _
<br /> ��xtures �inw ay iiereafter a part af the propeny. All replacements a�xl additi��f�y c,Gall nlso U� covc►r.� by tiiis Scc�i�lty -
<br /> Instn+ment. All af the L'c�regoing is rcfercod to fu thiF Saurity InstrunKnt ay tl�e"Praper�y.°
<br /> HC3RRUW�'R COVENANT�thwt Borrawcr ix ]wwfully�;e:isecl af the cstate hcrcby c.�nveyecl und has the right tn grsnt ancl
<br /> co�zvey Ihc Prapercy r�xl Ihat the Praperty is utxn�umbcral, exccpt fnr eiuumbran�s of recard. Aoreawer wurrnnts aix!will
<br /> slefend generaUy ttk tide tu the Pmperty ag�inst ell a:lelms�tx1 demarxls,subJat w nny e�n:uu�brances of record.
<br /> '�H���p(`f11R!'1'Y INS'TRUMliNT rombir�es w.ilform cavcnants for naUonul usc und non-unifann covca�nts with Iimited
<br /> t�ui�tion�by ju�sdicUon w cc�natitute�t unilCarm seet�rl�y inctrut►xnt covrring rcAI prope:Ay.
<br /> UNIFORM COVENANTS.E3ormwer and l.endtrcc�vcniuu snd agra uv followe:
<br /> 1, py�rment at Princip�l wnd Inter�st; Pirtp�ymsnt and �td Chargrs. Barrower shall promptly pay when due the
<br /> principal af xnd interest on the debt evidencod by thc Nots And uny prcpnyment wid late ahnrgts duc under the Note.
<br /> Z� �ndy�nr Tazee�twf Cn�un�x�e. Subjec� to s��llcublo law or ta n written waiver by Lendec, &►rrower shull pay to
<br /> l.enc�Cr an Ihe day mnutt�ly pAyments are due under ahe!�otc, until the Note is�+aid in full�a sum("Tunds")for:(u)yearly taxes
<br /> and asscssments w8ich rtu�y attain priority over this Saurity Instnm�ent us a lien on the Property;(b)yearly leasehotd payments
<br /> or grou�xl rents on thc Pro{xny,if any;(c)ytarly h�wrd or property insurance premiumg;(d)yr.nrly flood insurancc premii�m9,
<br /> iP�ny;(o)yeacly mortgage insurance premlums,If any; and (�any eums payable by Barrower to Lcnder. in accordance with
<br /> the pmvisions of paragraph B. in lieu of the paymcnt of anortgage iusurancc premtums.Thase itenis are calla!"Bscrow Items."
<br /> Y.,ender r►uy. at any tlme, collect aTd hold Funds sn eR iunount not to cxcad the maximum amount A lender for a foderally
<br /> ni�ted mortg�ge loan m�y require for Qoirower's escro�v accou�t under the fedarul Reai Estate Seulement Procodures Act of
<br /> ig74 as amer�l«I fruui ti���ta tiir:c. 12 U.S.C.S�tion 16U: et srq. ("RESPA"), ti?!lcss Knother law that applies ta the Funris _
<br /> sets A lesser anw�mt. If sa. L.axler mey. at any tle�e�colloct and hold Funds in an amount nat to exceod the lesscr etmx►nt..
<br /> a:,rnclez may sstimate¢he e�raunt of Funds due on the basis of currcnt data a�xl reasonable cstematss of expenditur�s of fururc
<br /> 6sc:row Items or otherw3se in xcordanc�with applicable law.
<br /> The Funds shall be held in an institution whose d�posfts aro insured by a federat egency. ir�stnicnentality. or entity
<br /> (including Lendar.if I.erxkr is such an insdtutiun)or in s�ny Federal Home I.oan Bank.i..axler shall apply the Funds to pay the
<br /> Bscmw Iten�s.l.ender may not charge Hormwer Fos holding and applying the Funds,annuall,y analyzing the escrow account.,or
<br /> �verifying th�Escrow Items, unless[.ender peys Bae-rower intonst un the Funds end applicable law permiGs Lender to rt�►ke sn��
<br /> a c�uga However. Lender may require Botrower;o pay n one-time charge for an itxlependcnt nal estate tax rtporting s�r�•iice
<br /> �aed by Lender in connoction with this loan, unless applicable law provides othsrwise. Ur►Qess an agmmont is made or
<br /> �}splicabl�law requirrs interest to bc peid,Lender shill twt be requircd to pay Bonower any intorest or eumings on the Fun�ls.
<br /> ,"o��,�.v�+��3�:�3�°• •-:�i;g•:�i�::�zitir.a,ha::�e��r.L�1°�intrrnt chAll he naid Otl tI7C Z''UD(�S. LCI1dCr SFIi�I$IVC t0 BOff()WCl�
<br /> wilhout �'��rge. an annua! ascounting of the Funds,�►owl�ig czed[ts azxI debits to the Futrls and the purpose for wh[r,h tach
<br /> detsnt to the Funds waR mede.The Funds are ptedge�ai u additionnl security for ali suau securod by this Security Instrument.
<br /> 1�the Funds held by i.ender cxoad the nmouexts permittal to bc held by apQticablo ls�w.Le�xkr shall acaount to Barrowcr
<br /> for the exoess Funds•in�c�ronlance wi►h the requircmmts of applicable law. C€►J1�amonnt of the Funds Ixld by[.ender at any
<br /> time�s not sufficient to psy the Escrow Items when due, Lender rany so nocify�arrower in w�riting,aixl.in such case Borrower
<br /> atwi!pxy tt�l.+ender the unour►t e►eoessary to make up t8e dcficiency. Borrower sha11 make up the deficia�cy in no more tl►nn
<br /> � �ewelva monthly paYmen�.�.at LtndaPs sole disccetion.
<br /> ,.,`i�,,�..:: : Upon puyma�t in full of ali sums socured ay this Security Icuicument, Lender shall pmmptly r�fund to Barmwrr any
<br /> � ����• Fu��!!eM tsy i tnckr. if;under�rngrn�t►21.Lerader shall acquire or sep the Proporty,T.ender.prior ro the acquisiticm or sale
<br /> • of 4he�'ropeny, shnt�apN1Y any Funds held by Leead�r at the time of acquisition or sate as a credit ageinat tde sunu socurod by
<br /> ' thie Socurity Insulumer�t. •'
<br /> ;',... 3.�ppl{c�tion ot P'+�ymenta.Unl�ess aFplicable law provides otherwise,all paymer►ts receivad by Lada undu paragr�pi�s
<br /> ''�''•1 anci 2 shall be appliod: first, to any prc�payment sharges due under the Note;second.to amount5 paynUle unda par�graph 2:
<br /> third,to i��cnst due;tourth.to prineipi�'��due;and last,to eny latc charges due unda the Note.
<br /> q,Cl��j�ts;I,kne.Bosrnw�s nh�1l.;pay all taxd, assessmrnts,:charges, fincs and in�icions attributable tn tlx P�crty
<br /> which noa�'�ttain Priority over this Sec�i�ty Instrumrnt.and Ieru�Ctwld payments or grouat�reaKS. if sny. Borrowu slr�tC�ns►�r
<br /> thzse obligations in ehe manner provirl�'in paragrsph2.or if tiot�paid in thAt xra�nner.Borrower st�all pay than on time di�iti�:1�y '
<br /> .''w tlk person owod payment.Borrower shall prom1qtly�'umish to Le►xkr all iwtices of amounts to be paid urder this p�ra�graph• `�;
<br /> ' '.';;: .��If Aorrowpc,c�akes these ps►yments dicnctly.Hairowerahall promptly iumish to[.ender receipes evidu►cing tho payma�cs.
<br /> '. B�orim�vnr f3�a11 promptly discharga any lien which Isas prio�nt�over this Securlty Instruz►xnt unless Borrowcr:(a)agrees in
<br /> :. writing to�he puyrnent of the obligation secarod by tt�lien�n��r,�mner acaptablc to Lender:(b)contests in good f�ith tlw lien
<br /> �'`by. or defends against enfon;ement of the lien ia�,I�ga1 pracec�ings which in the I.ender's opinion operatc to prcvcm the �
<br /> : enforcement of d�lien;or(c)secures from the ho19;s of the lien an agrament satisfactory to Lencler subnrdinating the lien to •�.
<br /> this 5ocurity Instrument. If I.ender determines that any part of the Propeny is snbjxt to a lien which rr�}�aitsun priorily over
<br /> this Secucity Instrurtxnt, ixnder may givc Bonower a notice ide�itifying thc lien.Borrower sha11 sacisfy tho liea ar Wk��i�r�or
<br /> mc,re of Il!r�+�actlons xt forth ab�vc within 10 days ofthe giving of ratice. . �
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