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<br /> iOCi�j'F1�R WI'I`li nll tiie im�roveAti�ents n�iw ur I�ereuftererected���he propcity, and ull�asent��tit�i,n�spu�tcuw�c�:;,nucl _
<br /> ��:lures �ww ar herca(ter a purt of thc prapecty. AI� rcpl�actments u�xl addltto»s shall also bo cuvereA by this Se�urlty
<br /> tnYtn�ment. All of the foregoing is referreci t�in ihts Socurity Instrunxnt es!ho"Property."
<br /> fit�R1�AWEEt COVf�NANTS that rt3urrawcr is iawfully selscct of the cstate hcreby conv�yal nnd has thc rtqht ta grant srxl
<br /> convey tho Praperty pnd that the['roperty fs unencumtxrocl, exsept for encumbrances of reaarcl. �rrower w�naneq and will
<br /> c�cfend generelly tha tlde to dtis[�ropeny�galnst s!I claims ancl demunds. subJect tu nny encum�rances of rocord.
<br /> THIS SECURI'fY INSTRUM�iVT combineti unife�nn cavrnants for nationul usa snd nomunlform covenants wich Ii�ulteJ
<br /> vArleti�na by JuriMlfctian to cnnstiruta a unifornt security in�trument covering rea!property.
<br /> UNIFURM COVI3NANTS.8ormwtr nnci I.ender coverwnt and agreo as foElows:
<br /> 1. 1'ayment of Princlpd wnd tntereat; Pr�epMyment And I.�te Clu►r�es. 1)orcower s}ult promptly pay whtn duc the
<br /> princfpal of and intorest on thc d�tt evidenced by the Note and sny prepayment end latc charges duc under die Note.
<br /> 2. Funda for Taxes pnd L�ur�nce. 5ubject to applicable law or to a wrttten waiver by L.ender, 13ormwer shall pxy to
<br /> I.cndar on the day monthly pnynxnts are due under the Note, untii thc Notc is paid in full.a sum("Funds")for:(a)yeurly taxc�
<br /> �nd assessmcnte which may attain priority over this 5ecuriry Instrument as a lien on the Property; ib)yrarly leasehold payments
<br /> �r Fround rants on the Property,if any;Qc)ycarly I�azard or pxopert3�i��surance premlutns;(d)yearly flood insuraix:e premiums,
<br /> if any; (e)yearly mnrtguge insurNxx pnmiums, if any: and (fl any sums payable by Borrower ta Lcndor, in accocdance wlth
<br /> ttit�provleions of parasraph 8,in lieu of the payment of mortgage insurancc prcmiums.These items aro called"Escr�w Itema."
<br /> I.cnditr may, at any time,callect u�d hold Funds ln an amaunt not to excood the m�ucimum urKwnt a lender foe a falerally
<br /> . r�t�taf martgagc loan�nay regulre far L�rrow�r's escrow�mt uncier the federat Real EsUte Settlement Procaivas Act of
<br /> 197A As amendal from ttme to time. 12 U.S.(;. 'F,ectiocy 2601 rt seq. ("RPSPA"), unless another iaw that applies to ths Funds
<br /> scts a lcsfer amount. If so, Ltinder mny. at eny time, collect arM1 hold�unds in an amount not to excrcd the tesser�rrwunt.
<br /> I.ander may estimAte tl�e wnount nY Funds due on the basis of cunent data end re.asonable estlmates of expenditures of futura
<br /> F�.scrow Itcma or otharwise in accordanor with s�pplicabte l�w.
<br /> Tha Funds shall be held in an institution whose deposits are insured by a federai agoncy, instrumentality, or zi�city
<br /> (1ncluding Lender.if Lcnder!s such an institution)or tn any Fed�rnl tlome L.oan Bank. Lcnder shall agply the Funda to pay the
<br /> �¢row items.i.ender may not ch�rge Borrower for holding and applying the Fu�ds,annually u►alyzing tht escrow account,or
<br /> v�iifyang thc Escrow Items,unlcss[.cnder pays Borrower interest on the Funds snd applicable law pe�mits Ixnder ro make such
<br /> . a ullat�c. Elawevee,L,ender may ccqulre Borrower to pny a one-tima charge for nn independcnt rcal estate tax reporting servicx
<br /> u�nd•Uy L�rxler in connection with this loan, unlcss appl3cable law provides otherwise. Unless an agrameut_is made or
<br /> s�t;ificr�le ls:y Z�uier,�int�rrs4 tR:he�n�►id,Lrr�der shall mt�ie7r.ctuirod to paY}3osrowor anY interast or eamings�n�4he Hunds.
<br /> IIt�rro�vcr arrd Ixnder may agra in evriting, however, that�:i�iiterest shall be pald on the Fund�.[.ender sfuill giYt in•9orrower,
<br /> withuut charge, an annual accounting of the Fbnds, showln�caedits ai�d debits to the�unds aind the purpose for.�which ach
<br /> .' dN�it to tt�o runds wns m�de.'!'h�'Hunds xre filedgrd as atWitional secu{ity for sll sums securod by this Securiry:nstrument,
<br /> . - �I�'the t=unda IKid by Lcnde�i�.exc�d the��unbunts pCi�iitTP.d to be h�l�by applic�qlc.law,Lender sfiall acceunt:to Horrower
<br /> �'pr�he excess Fur�ds in accordnticv���th ilsi:•rayulremenis o�'.aypiicable lew. If tha nmor�nt of the Funds hcld by l.t;t�der at eny
<br /> titne is not suflicient to pay the�scmw Itsms when due.I;ericict.may sr�notify Bormyv.er in writiceg,and,in such�r��Bornywer
<br /> • Efiall'pAy to Gcucter the anwuni nccessary to make up the de�icienc'y:.�orrvwer snall ma�e up the deficiafcy in no mor�ttu�n
<br /> • twcive�m�utbly paymentv,et Lc�ider's sole discrction. �,� ' :
<br /> � Upon �ayment in�full uf ali �u��s secu:od by this Sqeurity InaGivlt�ent. r.encler thall promptly nefund to Horrov�rr w�;
<br /> SundF Ircld by Lende,r.If,w�der puygraph 21,Lender sha1�ucyuire or sep the kropexty,Lernder, prior to�e�cquisition or sale
<br /> af•tf►c Property, shall apply any Funds held by Lcndcr at th�Yi�ne of acquisitian ar sa�c"as a crodit againse th�aums Aeptrod by
<br /> thia Security Instn�ment. • ..,
<br /> ', , 3.Appl(ait�on o[A►ytxtsints.Uni�ss applicable law provides othenvi�e.stl payments�ctiv�d by..Lmder under prn�gaph�
<br /> 1�and.2 shall be appliad:firFt.to sny prepay►nent char,gts due under ttk Note;second,•�o arna►r�ts pay�bl�P�der Ps�T�ph 2:
<br /> third,to intcrcat du�;fourth,tcn principd due;and lut.tu atny latt clurges duo uadtr"t]ie N�tt. "" '•�' . .'.
<br /> 4.Chat�ay; Liatit.Borr�war sFu�ll pay �Il taaes. assessmeMs,chuges, fines at�.r�positions attributab�d�.YO.ihe Propezty
<br /> +vlilch mey atlain priority ovc;r this Security In.etnuncnt.anii loasthold payments or gtpw�d rcats,`:if..u�y. Borrowcr ehall pay
<br /> thcsc obligatiopa in ti�ma�tner. provided in;paragraph 2.or if not peid in that manner.Borinwer s��e1J;�xY iheir on time dir�xtly
<br /> todho�rerse►n owod�yment.13orrower stwll promptly furnish ta L.rnder alt notices of acewuiM�td b�;p'sid und�r this p�agniph.
<br /> If�}kurower makes these payments directly,Borrower st►xll��fromptly furnlsh to I.endcr a�pceipn cvi��encing the pc►yments.
<br /> Domower siwll promptly discharge aiiy licn which 3�a�;�Qriority over this Securiry.l�nstcurna►t unless Borrower.(a)agnes in
<br /> wdNng to the payment of tho;nbligation seru�d by the lieii in e manner acceptable tp'1,.cnd�r;@)con;cests in good faith the lien,
<br /> . by, or dcfc��dF against enforcement of the�Utn in, Iegnl proceedings which in tha I.eader's apinion oper�te to prevcnt tt�a
<br /> aniomcmcnt of the lien;or(by stcurcs froRr�t1�e holder of the lien an agreem�nt satis�actory ro Lender subordinating thc lien to
<br /> ctlis Stxuriry Inshwnent.I[Letxkr detsrmines that any gart of th�Preperty is subject��to a lirn which may attain priority over
<br /> this 5ccurity inatrumc�tt,I.c��dnr may give 13orrower a notic;e id�mifying the lie�n.ffar'r�awer shalf �atisfy the lien or take one or
<br /> n�orc flf thc actions set fonh.ebnvc within 10 days of the giving of noticc. '
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