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<br /> TQf;l;7'Ht?R WI'1'H nU�he iniprovement�nov�or h�rc�R�r erectr�i on the property,mzcs qll c.isemeni�, i. i t i.� c.�,,nd =.
<br /> GxtUPCS iiilW an c�rcaRcr a part of thc property. Ail replacen�cnis ai�d adJitions shall AISU b�: coviceed by this Sccurlty
<br /> instrun�ent.A➢I of the toregoing is referra.l tu in Ihis Security fnstnnnent a91he"Yroperty."
<br /> BORROWEk CQVBNANTS thAi Borrower is luwfuelly iseised af tho estnte hereby conveyod anc)has the right to graat nncl
<br /> corvey tt�i Pro�►erty end that tl�e Praperty is unencunioered, Gxcept for encumbrances of record. Borrower wnrrants u�xt will
<br /> d�fond gqtxrally the title to the Property Agalnsi all clnims eml denumcls, subjoct to any encumbrancts of record.
<br /> 'PHiS SF:�'URITY 1NSTi2UPi1P.NT�nmhinry nnifnr.n rovenn��t5 f�r nntion�l i�se nr,d nnn-t��iifarm covcn�nta aitli liinit�l
<br /> vadAtion.g by jurisdictian to constitute w unifc�rm sacurity irwrtunent covering renl property.
<br /> UNI�dRM COVENANTS, Honower and Lender covenant aixl agree ss follaws:
<br /> 1. Paymmt oi Rlncip�l pnd Interest; Pr��ymeeu and I.ate Cluirges. Borrower shsll promptly pay when due tt�e
<br /> principul of and interest on the d�bt evidenad by the Not�end suiy prepayment nnd late charges dae undtr the Nute.
<br /> 2.Funds tor Taxes And ImRUrance.Subject to upplicable luw or to a written waiver by Le�der, Borrower sl�all pny tu
<br /> l.enctar on thc day manthly payments are due under thc Note,ur+til the Note is paid in fi�ll,n sam("�unds")for:(a)yearly taxes
<br /> and assessrr�cnts which may attuin pdority over this Security Inst�ument as a lien on 1he Praperty;(b)ycurly leasehold pnyments
<br /> or ground rents on thc Property,jf any;(c)yaarly hazard orproperry insurance premiums;(d)yearly flood insurancc pnmiums,
<br /> if any:(a)yearly mortgage insurance premiums, if any; and(t)any sums payable by Borrower to Lendr.r. in accardance with
<br /> the pmvisions of par�graph 8. in lieu of the payment of mongage i�surance premiums. These items bre callod"Escrow Items."
<br /> Lender may, $t any time. collect and hold Funds in an amount aat to exceed the maximum amount a lander for a kderally
<br /> relAtod mortgagc loan may rcxtulre for Borrower's escrow xcaunt under the federal Real Estate Setdement Proaduns Act of
<br /> I974 as a►��e�xt�i f►a��i ti►��e¢o tl�,�e, 12�.T.S.C.Scxiian 2G01 et sry.("TriESPA"), uide�s aiwtlier taw that uppiies to the Fur�3s -
<br /> sets a lesser amount. If so. Lender may. at any time,collat and t►old Funds in an anx�unt not to excrxd the lesser amouat.
<br /> Lender may escimate tha arrx�unt of•Funds due on the basis of currcnt datY and reasonable esdmates of experxlitutts of future
<br /> E,crow Iterns or othenvise ire accordar�ce with applicable Iz�w.
<br /> Thie Funds shall be held in an institution whose deposits are insurod by a federnl agcncy, instru�nentaliry, or entity
<br /> (including Lender,if Lender is sucli an ins;itution)or in any Fedecal Homo L.oan Bank. Lender shall apply the Funds tu pay the
<br /> Escrow Items. Lender may not charge Barrower for holding ecnd applying the Funds,annually annalyzing the escrow acc:ount,or
<br /> verifying the Escrow Items,unless Lender pays Borrower i�erest on the Fw�ds and applicable law permits i.ender tu mdce such
<br /> a chnrge. However, Lender may require Barrower to pay a one-time charge for an i�xlepeudent read estate tax nepaning service
<br /> used by Lender in connection with this laan, unless applicable law provides otherwise. Unless arc agroemtnt is mAtle or
<br /> applicablc law r.t:quires intcrest to be pald,i,ender shall not be required to pay Borrower any interest or camings on the Funds.
<br /> .°,L;i7ti:L'C3'M���i tiiof ag.:,..i;s:i'Ittii:g, �iat::.L�i,2l;a2 m G..,S2 5`�i3tt �c j.ui�Gi i1'ie i itin'�5. �.c�Kici 5i�� givc iu nviz�wtr,
<br /> without charg�e. an annual aecountir�g of the Tunds, slbwing creclits azxi dcbiu to the Funds and the pu�pose for which r,�eh
<br /> debit to tt�c Funds was made.'I'he i�unds are pledgod as addidor�al security Por�ll sums securat by this Security Instrument.
<br /> If the FuexlS held by Lender exceed the amounts pemutte�to be heId by applicable law,Le�xier shatl account to Borrower
<br /> for tha excessJFu:nd.s in accordance with c�.e mquircments otapplicable law. If the amount of the�'�unds held by L.ender at a�y .
<br /> _ time is not suft7cient to pay the Escrow Ite.ms when due,L.ender may�sn noqfy BorrowGr in writ,irn�,�pnd.in such case Borrow4r .^
<br />, stsall pay to Lender the amount rtecessary to'inake up the deGcierxs}i.�oirower sh,�l�n�alce up ttic deficiency in no more tl��i���
<br /> t�r�lve monthly payments,at I.ender's sola discretion. '
<br /> • ir�li pay,,,r„► in f�t( �f�� S��ms ��!r� b; this.Sccu!�ty i�str�me�:. Lendct sh�!! gror:prly •efi!su± to �rraW=r w.��
<br /> Funds hcid by Lcnder.If,under�aragruph 21,Lcndcr shatlecquict•�r sell the Property,Lender.prior to thc acquisition or sale
<br /> of the Property,shall apply any Furds held by Lender at the time of ac�uisitiun or sale as a cralit against 4he sums socu�d by
<br /> this Security Instrutnent.
<br /> 3.Applkatbn ot Payment4.Unless applicible law,�rovides otherwise,all payments received by I.eRd�r uncler paragrap�hs
<br /> 1 and 2 shali be applied: firse. to any prepaynxnt charg�s,due under she Note;second, to amounts payable u►�der pyragraph 2;
<br />_ third,to interest due;fourth,to principa!d�o;and iast,to any latc charges dur,under the Note. �
<br /> d.Chsrges; Liens.Borrower sh�ll�►Ay i►1I taxes,assessm�nts, charges, fincs ami impa�sitions:attributablc to the Propo,tty...
<br /> whiclt muy attaln priority over this Socurtty'�InstruttKnt, and leasehvtd payments or ground rerits,•yf any. Bomower shall pu1��
<br /> these obligations in the��r providcd in paragraph 2,or if not paid in that rr,anner,Borrower shall pay them on time direcHy
<br /> ta the person owai paymer�..�arrowcr shal!promptly furnish to Lender all notice's ot'emounts to be paid under this pairugnph.
<br /> If Bomower mmktx.these payments directly.Borrower shall promptty fumish to Lender receipts evidencing the payinents.
<br />� I3orrower ca9w11 promptly disaharge any lien which has Friority over thls Securiry instrument unless Borro��r. (a)agreos,4n
<br /> writing to the�e,yment of the obligution secured by the lien in a martrnr acaptable te Lender;(b)contests in gt�od faith the 93en
<br />- Mj., or defettsJs against enfqr�emant of thc lien !n, lcgat procadings which in the I.ender's opinion operate#q prevent the
<br />- e�n`�arament of the lien;or(��sxurcs from Ehe holder o� the licn an agrcemcnt satisfaciory to Lendcr smboN]%n;airig the li��to
<br /> this 3ecurity[nstrument. 1f I.ender determincs that a�iy partof the Properry is subjoct to a lien whi�h may attain priorit}�`by�r �
<br /> this Security T.nstr.un�ent, Lender may give 9nnower a notia identifying thc licn. Borrower sha19:�ntisfy the lien or take one�ar
<br /> . morc of the ac�zivns set forth above within YO days of the g'sving of nntice. ' ' •
<br /> � Form 302Q 9lYO
<br /> � � ' vpe z o!e ,
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