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<br /> ��•W TOa@THER WITH All thc Impn►vcrncn�s now on c�rcuftcr crcctcd on�hc prciperty.w�d oll cn4cmcntw,uppunenunccs,
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<br /> n+�+�� and fixtures now on c�rcaflcr u puM of ihc praperty. All replucemrnts ond udditionx hhall ulxo Ix covcrcd hy IhiK Security
<br /> ��'������ "� - ' Inr�rument. All af thc furcgoing i�rcfcrrcd w in ihis Secudty Instrumeni aw thc"Prnpchy." �.,_..
<br /> '�`� `"��'•^'�'��+�}�•' BURROWER COVENANTS Ihat B�rrowcr is lawfully nci�cd of Ihc es�utc hcrehy canvcycd And hur:thc�ight tn grunt
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<br /> °'�"' "" '��''� 'a•� �" und convey Ihc Rroperty and Ihut Ihc Propeny in unencumbcred,except for cncumbruncca af rccord. Banuwer wurrunts And
<br /> , � ° •�"'°' • • will dePend generally the titic to ihc Praperiy ugainat all claimx und dcmundti,�ubJect lo uny cncumbrunce�of record.
<br /> o�`-'k.�:,����•.h�••�.• THIS SECURITY INSTRUM�NT combincx uniform cavcnuntK for natiunul usc und non-unitarm c�venunla with
<br /> ! �• }��`� limiled vuriution�by Jurixdiclion la conKlit uM a unifixm�ccu�ity inswmcnt cuvcring reol property.
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<br /> .�.,. .;.^"','F""�• "` UNIFURM CUVENANTS. Botrowcrc�nd LrnJ�r cuvcnum und ugrc�u+fulluwti: `�. --__ -�—
<br /> 'i.<A:�� : :k=''', •: 1. Pnyment o�Principal and Inte�esti Prepayment aod l.ate Chwrges. BaROwcr shull promptly puy when duc the _
<br /> '�{�+�'v►►�=�� .-� princiPul of und intereFt on the debt evidenced by the Nutc und uny prcpuyment und IAIe churges duc undcr thc Note. __
<br /> �r �'��'t�E�i;�,n�; °� 2. Fbnde tor 7bxes and Insurance. Subject to upplicuble luw ar to u wrllten waivrr by Lender,Burrower shall pay ta �_
<br /> -- �T" -��:�,s.< Lender on the duy momhly pAymenta urc due under Ihe Natc,until�hc Nate is puid in full,u sum("Funds"1 for:(u)yearly ___
<br /> , . texes and assessments which muy Auain p�foriry ovcr thi�Secu�ity Instrumenl us a Ilen an�hc Piroperty:(b)yearly Ieusehold _ _
<br /> -_�'.�••.�. , .�.� : payments or ground renls an the Properry, if any; (c►yearly har.urd or property insurunce premiums; (d) ycurly ftaod ` P_.ss`
<br /> :�;.M1..•....�_; insurence premiums, if nny; (e)ye�uly monguge insu�ncc prcmiums, if Any; und(� any xumw puyuble by Barrower w
<br /> � � Lender, in uccordance with the provisianti ai paragraph 8, in licu of the puyment of mongoge insurunce premiums. Thexe _
<br /> :�� ilCn�s are called"Escro�v!►ems.' Lendcr may,at any timr,rnllec�and hold[lmds in un umount not to eaceed the mazimum i__ _
<br /> � ,,:;��•.:;��, , amount a lender for u federally related morignge loan may requim for Borrawer's escrow uccount under the lederAl Rcui �
<br /> �V� � � Estate Settlement Procedures Act of 1974 us amended from time to timc,12 U.S.C.$2601 e�scp.("RESPA'7,unlcss unather ="`=`''
<br /> ���., ,,, .�°• law thot applies to the Funds sets a Iesser amaunt. If so.Lender rnay,At any time,collect and hold Funds in nn umaunt not t� �t'`
<br /> � ::� � I ^ . exceed the lesser ameunt. Lender may estimute the amount of Funds due an the basis of current data and reasonable �'�''�-jL
<br /> — - ��;'-=�� � � estimates of expenditures of future E.SCrow Items or otherwise in accordence with applicable luw. .�;,T."�
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<br /> . ,y � ;t• The Funds shall be held in an institution whose deposits ure insured by u federoi ngency, instcumentality, ar entity
<br /> 'z,", • " (including l.ender,if Lender is such an institulion)or in any Federtil Home Loun Bunk. l.ender shall upply the Funds to pay —. �� •-y- '
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<br />�' � ,�,.; Ihe Escrow Items. Lender may not churgc Borrower for holding and applying the Funds,unnually analyzing the cscrow =
<br /> ��f�,;::R,�; � • account. or verifying the Escrow Items, unlass l��nder pays Borrower interest on the Funds and applirAble luw permits
<br /> • �h,:r;;��, ' � Lender to make such a chsuge. However,Lender mny require Borrower to pay a one-time churge for an independen�real �-_^�✓-°=—
<br /> � . ' ,•' �. estate tax reporting service used by L.ender in connection with this loan,unless upplicuble Inw provides otherwise. Unless un �•y�•--���
<br /> , �� � agreement is tnwde or applicable Inw requ ires interest to be paid,i.ender shall not bc required to pay Borrower any interest or
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<br /> � � � . "��; curnings on the Funds. Borrowcr und Lender may agree in wriling,however,that interest shall be paid on the Funds. Lender •�js-��—
<br /> ;;��`;;,<< " ' shall give lo Barrower,without churge,un annuul accounting of the Funds,shawing credits and debils ta the Funds�nd the ��.:�N:•
<br /> � � '.�:;,`�;,�, , ' � purpose for which eACh debit to the Funds wus made. The Funds are pledged as additio�wl securiry for all sums secured by _
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<br /> .�:;,, � � �his Security Inswment. "°""°"�` �—
<br /> , ( lf the Funds held by I.ender ezceed the wnounts permilted to be held by npplicable law, Lender shall account to "+ . _
<br /> -- -- -- — Hurn,wCr fu� tha e�cess I'unds in arcardancc with thc requErements of spplicable law. lf Ihe amnunt of the Funds held by = .��'•.___
<br /> ' Lentler at any time ix not cufficicnl w pay the Escrow 11ems when due,Lendcr may so notify Borrower in writing,and,in �.;'m�
<br /> � �• such case Borrower shall pay to Lender the nmount necessnry to muke up the dei'iciency. Borcower shall make up the �1'�`��+.�._
<br /> � ��,', � ' deficiency in no more thun twelve manthl y puymentx,ut l.ender's sole discrelion. li:a::,.��:�''
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<br /> Upun payment in full of ull sums secured by this Securily Instrument,Lender shull prompdy refund ro Borrower nny
<br /> � Funds hcld by Lender. If,under parogruph 21,Lendcr shall oi:qufrc or sell the Propcny,t,ender,prior to the acquisition or �r- -
<br /> . salc of the Properry,shAil upply any Funds held by Lender a�thc iime of ncquisi�ion or sole as n credit against the sums �,`;.-
<br /> • � secured by this Securiry Instrument.
<br /> 3. Applicalton oP Payments. Unless upplicuBle luw provides otherwise, all payments received by L.ender under �-
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<br /> purngrnphs I and 2 shnll be upplied:first,�o uny prepuyment churges due under the Note;second,to amounts payable under �b,r-;�,•,.;
<br /> � � paragraph 2;third,to interest due;fourth, to principal duc;s�nd Inst,ta any late charges due under the Note. �,,;,_.,_.�—_
<br /> , 4. Charges; Liens. Borrowcr shull u ull taxes, asscssmenls, char es, fines nnd im sitions a�tributable to the �����
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<br /> . Property which mny attuin priority over this Securily Ins�rument,nnd Icusehold puymems or ground rents,if uny. Bortower �;;;:��µ,;._
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<br /> . shall pay theac obligutions in thc munner provided in p•rrugraph 2,or if not pnid in�hat manner,Borrower shall puy them on _„���mn_
<br /> ° � time directly to the person owed puynknt. Borrowcr�twll promptly fumish to Lendcr ull notices of pmounts to be paid under ----
<br /> , '.;�r.� • ' this paragraph. If Borrower mukes these puyments dincQy,Borrower shall pmmpUy fumigh to Lender receipls evidencing ; '�:�"?,
<br /> 1,,..� • Ihe payments. '�s�a,...�,�,•:—
<br /> Honower shull promptly dischargc z�ny licn which hos prioriry ovcr this Sccurity Instrumcnt unless Borrower:(u)ngrees =��i.i�,��i?'_
<br /> � ` in writing to the payment of the obligation secured by the lien in u manner aceeptable to Lender,(b)contests in good faith the ---_�-°
<br /> • '�'�; ' � lien by,or defends�gainxt enforcement of thc licn in, Ie nl ocecdin s which in�he Lender's o inion o ru�e to revent the „ �'`'�,''""�`,
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<br /> � � ' � enforcement af the lien;or(c)secures from the holder of'the lien an ugreemenl sntigfactory ta Lender sulwrdinuting the lien •- � �:
<br /> '�'� to this Security Inswment. If Lender determine.�hut uny pun of the Propeny is subject�o a lien which may uunin priority ,,.��,,.�_..
<br /> � over this Security Instrument,Lendcr may give BoROwer u no�ice identifying the lien. Borrower sholl satisfy the lien or take �°`—^_°��:r��
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<br /> ' one or more of thc uctians set forth above within 10 duys of Ihc giving of noticc. f
<br /> � 5. Hazard or Property Insuraace. Borrower shall kecp the improvement�naw existing or hereafter erected on the � �
<br /> ;., ' Property insured against loss by fire,haxards included within thr trnn"extrnded coverage"und uny other hnzurds,including p.; .
<br /> ;,_'� • floods or floading, for whKh Lender reyuires insururue. Thi. in+ur•rncc .hall tx�mainluined in thc amounts und for the �+ ''
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