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<br /> , TO(lEfHER WITH all thc im�xovements now or herwRer erec�ed on 1he propeny,nnd all eaxemen�s,uppurtenancec. �L� d ., �,-
<br /> -__ _� ,_ � r�rni liatw�a��o� SICICtl�IG1 p�ra��ui JK:����.�:y. All y.:�:{:.c.c;tic:u.:a�sd additlons sha!! nlsn�r mwvH!hy�hi+�Secwitv � �_ _. __
<br /> ti . In�uument. All of Ihe foregaing ie rcferred to in this Secu�iay Instrument aa the"Ptoperty." o�
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<br />' " ° BORROWBR COVENANTS Ihnt Borrower ia lawfully sei�ed of the eRlate hcreby canveyed and has Ihe right to grant .
<br /> � . � �nd canvey the Propeny and llwt Iho Pmpeny ie unencumberal.excepl for encumbmnces af recard. eorrawer waRams and �
<br /> •� will dePend generally tha tltle to the Propeny against all clnim�and demande,subjecl�o ony encumtxancea af reco�d.
<br /> THIS SECURITY INSTRUMENT combfnes uniform covenenls for natfonel use aad non•unifortn covrnanta wilh
<br />, limited verietions by juri,diction ta constituu a uniform secu�fty instrument covering rcal property.
<br /> UNIFpRM COVFNANTS. Bor.nwer nncl LenAer covenent end ogree�s follows: _
<br /> 1. Pnymenl ot Princip�l And Interest;P�eppymenl and Late ChKges. Borrower shall prompUy pwy when due the _ `
<br /> -- ._ -- princl�al ot and�aterest an ihe deix eviJn�w�xf Ly ti�a Nule w+J.u�y p.�:.y�uau and latc chargcs duc ur.d;r ttte�'ote. �--_- ,..- �..�,-�-:-
<br /> .. 2. Fbnde for 7Mxa and imurAnca Subject to epplicabie low or to a writte�waiver by Lender.BoROwer ahali pny to
<br /> . L.ender on the dey monthly payments are due unde�the Note,umN the Nwe is paid in full.a sum("Funds")for.(a)yearly —
<br /> • taxes and aseeesmenla whkh msy avefn priodty over this Security Inatrument as a lien on the Property;(b)yearly leasehold �=��:_��m=--_
<br /> paymenta or ground renu on�hc Propeny. if any; (c) yearly hozerd or property inaurance premiums; (d) yearly flood �-''� �- ��^44•-
<br /> ' � �in:urance premiums.if �ny; (e) yearly mortgage inRUrance premiums. if eny; and(� any aums payabfe by Borrnwer to �
<br /> � �Lmder.in accordance whh the provisions of p�ragreph 8.in lieu of�he payment of mortgage bsurance prcmiums. These
<br /> itemn arc cellcd"Escrow Itema.' Lender may,al any time.collect n�d hold Funds in sn emount not w excetd the maximum �;;;r;---=___—_
<br /> � amount a lender far a federally related marigage loan may require fo�Borrower's escrow eccount under the Federal Real
<br /> ' ,,. Rstate Settlement Procednies Act of 1974 as amended from time ta time.12 U.S.C.�2b01 et seq.("RESPA"),unless another �'��4'� �'`;;�yr;'_
<br /> law that applies ro the Funds sets a lesser amount. If sa,Lender mwy,at any time,collect and hold Punds in en amount not to � , m
<br /> �s ' exceed 1he lesser amoun�. Lender may estimate Ihe amaunt of Funds due on the basts of currcnt da[a and reasonable ' — '`• ''
<br /> r esdmates of expenditurcsof futun Escrow Item�or atherwi�e in accordance wilh appUcable law. —
<br /> � The Funds shall be held in an inctitution whose deposits we insured by a federal agency, instnimentnlity,or entity ^
<br /> ' � (including l.ender.if Lender is such an ins�itulion)or in any Fedeml Home l..oen Bank. Lcnder shall apply the Funds lo pey =
<br /> the Fscrow Items. l.ender mry not charge BoROwer for holding smd applying the FundR,ennually a��alyzing the escrow �_'_�_._'�__. ;:� °
<br /> account, or vedfying the Escrow Uems. unless L.ender pays Borrawer interest on the Funds and applicable law permits ��;;�_
<br /> Lender to make such a charge. However,L.ender may require Bocrower�o pay a one-time charge for an independent real —.�__
<br /> estete iax reponing service used by Lender in connection with this loan,unless applicuble law provides olherwise. Unless an p"�'��`"�`
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<br /> agrcement is made ar applicable law requires interesl to be paid.Lender shall not be required to pay BoROwer nny interest or �=--
<br /> -. eamings on thc Funds. Ba�rowcr and l.ender may agree in writing,however,that interest shall be paid on Ihe Funds. Lender `
<br /> 1 xhull give to Borrower, withow charge,an annual uccounting of the Funds,showing credits nnd debits to the Funds and the -_
<br /> purpose for which each debit lo the Punds was made. The Funds ere pledged as additional security for all sums rsecumd by
<br /> ° this Seeurity InRtrument.
<br /> If the Funds held by Lender exceed the nmounts permitted to be held by applicnble law,l.ender shall account to �
<br /> Bortower for the excess Funds in uccordAnce with Ihe requirements of applicable law. If the amount of the Funds held by
<br /> Lender at Any time is na sufficient to pay the Bscrow Items when due.l.ender may so notify Borrower in writing,and,in -
<br /> such case Borrower sball pay to Lender the amount necessary to make up �he deficiency. Borrower shall meke up the ��^-`-
<br /> deficiency in no more than twelve monlhly payments,nt Lende�'s sole discretion. -
<br /> Upan puyment in full oi ull sums secured by this Security(nsln�ment, l.ender shnll promptly refund to Borrawer any �...
<br /> " Funds held by Lender. If,under paragraph 21,Lendcr shall acquire or sell the Property,Lender,prior lo Ihe acquisitbn or f'��•�.--
<br /> sele of the 1'roperty,shall apply any FLnds held by L.ender at the tlme of acquisition or sale as a credit against the auma � '�
<br /> secured by this Security Instrument. =-
<br /> 3. Application of Payments. Unless applicable law provides othenvise, all,peyments received by Lender under �:.
<br /> pamgraphs I and 2 shall be applied:fir�t.lo any prepayment cherges due under the Note:second,to amounts payable under �`'- -
<br /> paragraph 2;thi�d,to intercst due;fourth.to princlpal due;and lasl,to any late charges due under the Note.
<br /> . ' 4. Chargea; Lleas. Borrower shall pay uU �axes,nssessments,chnrges. fines and impoaftians nu�ibutable to Ihe i ��"�-� -;;` _
<br /> • Property which may attaln priority over this Security Instrument,and leusehoid puyments or ground renls.if any. Borrower � _
<br /> shall pay these obligetions in the manner provided in puragroph 2,or ff not puid in that mnnner.Borrower shall pay them on � �=
<br /> time directly lo the person owed payment. Borrower shnll promptly tumish to Lender all notices of amounts to be pafd under � �- .•, ';,.{;.
<br /> , , this paragraph. If Bomower makes tixse payments dircctly,Borrower sh�ll prompUy fumish to Lender receipts evidencing �, ,:.;,:�,�_.�,.s+,i�;
<br /> . the PaYments. • , .r.
<br /> Bomower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)agrees � {
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<br /> in wriling to 1he paymentof the obligation securcd by the lien in a manner ucceptnble to Lender,(b)contegl4 in good faith the �- ...�+ .- � -_,�
<br /> ° lien by.or defends against enforcemem of the lien in,legal praceedings which in the Lender's opinion opernle to prevent the �, , ,;•.`;:; '•--
<br /> enforcement of the licn;or(c)secures from the holder oi the lien an agreement satisfactory to Lender subordinnting the lien � • , --
<br /> •� to Ihis Securiry Inswment. If Lender detertnines that uny part of the Property is subject to u lien which mny ottain priority � -°='_"
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<br /> over this Security Instrument.Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take ��".
<br /> ' one or more of the actiom set forth above with{n 10 days of the giving of notice.
<br /> ,; � ; S. Hqxnrd o�Praperty Iasurapce. Borrower shall keep the fmprovements now existing or hereafter erected on the
<br /> � � 1'roperty inaured against bss by fire,hazards included within the term"exlended coverage"and any other hnzards,including , �
<br /> ., ttoods or flooding, for which L.ender requires insurance. 'I'his insnrance shall be maiMained in the amounts and for the ; .
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