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<br /> '1'(3(;�:'1'ilt?It�Vliti ull thr,im���ovcii�eius�Zae,�i hcr:..after ercctect on tlio pro�ar[y� nnd nli ea��i��,�ppurten�nees,nitc�
<br /> fixtures no�v or hereaR�r u �art af the prc��ny, All �splacements'and udditions shall alsn be coverccl by ttiis Seci�vlty
<br /> I�istrun�ent. All�f�ho fongaing is refcrrM to in thie�urity Instn�ment e.g the"Property."
<br /> AORROWBR CQVE?NANTS that&�rrower 191awfully scised of thc estatc hereby conveycd uncl has dic ri��itt,Va gr;��c and
<br /> convey the Property Rnd tiwt the Property is unei�cun�berod, except for encumbrancos of record. Borrowee• vrasr�►rT.r.:�ucu!will
<br /> deftixi gene�•ally the title to thc Pcopcny against all cf aims ancl demsnds,suhJcct to xny cn:.umbrancey of rocort#:
<br /> THiS SECUKI'l'Y IPISi;RUIW�tV'i cuml�i�iesui�ifo���i covcna��tc for n»tional usc and nrm•��nifant� covett:�ntr�critb lioute,� ,-
<br /> variations ty jurisdic�ian to constitute a uniform saurlty instcutne�t coverin�rea!proptrty.
<br /> UNIFORM COVF..NANTS.Horrower and Lender covenunt and agrce as fo1lows:
<br /> 1. Payment ot Princtp�l wnd Intarst; ��yment ax0 I.MGs �hqrges. Borcawer nh�ll prott�ptly pay when due Ihe
<br /> principal of nrxl i�aterest on thC debt evidencod by the Nute and any prepaymcnt nrA late charges dus undctr the Note.
<br /> 2. Funtix far Taxrs ami Inserranee• Subject to ap}�licable taw or to a�vritten wuiver by l.c�xt�n�. Eo�rrower shall pay to
<br /> Lender on the day monthly�ymente are due uuder the Naie,un1i1 thc Note is p�id in full,a smn("�'ur.�f:►'1 far.(n)yearly tuxc.4
<br /> and a�sessments which�ay attaia pri�rity aver th(s Security lnstrument as a lien on the Praperty;(b)y�:�tly t�:�nehatd payments
<br /> or grouixl rcnts on[hc Property,if any;(c)yearly hazard ar properry insurance premiums;(d�yearly fi�cxi ir.uunart�:c premiuins.
<br /> if any: (e)yearly mortgage insurance premiums,if any; a�xi(fl any sums payable by Borrower to Lencier, ir.�acc�r.dnrtce with •
<br /> the provisions of Eraregraph 8,in lieu of the payment of mongage insuraace premiums.These items arr cal:cc!"�:;crow Items." �
<br /> Lender mAy. et any time, coUxt and hold Funde in a�� umount not to excced the mnximum ucr�ount.n lert.der far a federally
<br /> ralated imrt�ge lc►at►may requite far Borrower s oscrow account undcr the fedtral Real Estate 5ett'.ctmCnt Procedures Act of
<br /> 1974 as umendat from ti�ne to time. 12 U.S.C. Section 2601 et s�q. ("!t�'SPA"),unIe.es anothcr !uw��ac���tr:s ia tt:c Fc�nds
<br /> se!s a[ssser amount. lf so, i.ender may, at any dme,collect and hold Funds in an amount rwt to excecd tlte lesser amount.
<br /> L,ender may estimate 1he umount of Funds due on tha basis of current data and reasonable estixnates of cx�.+cs�ditures of futurc
<br /> Escrow Items or otherwise in aocordance with applicable law. , � .
<br /> Thc Funds shall be held in xn instituuion whose d�piiSii. a"rc 9nsured by a fe��era! agency, in�tnccaarnrality, or entity
<br /> (includtng I.ander.if Lender is sucl�an institution)or in an}�'cderal Home Loan Ban1c•.�,ender shali u�p[y thr.Fur�ds to�xry the ,
<br /> Escrow Items.Lender may not charge Borrower for holdit�g and applying the Funds,annually anal��in�the escrow account,or
<br /> vcrifying the Escrow Items.unless Lender pays Borr•ower interest on the Funds arx!applicaWe law peratirs L.en�r to ma1►c such
<br /> a chuge.Howeve�,Lendcr may require Horrower co pay a one-tttnc charge for an Indepi:ndeae r�ra�f esiaue�ax rcporting sorvia
<br /> usal by l.ender in connection with this lwu�, unless npp�icable law provides otherwise. Unlass an �greement is made or
<br /> applicat►Ie law ra�uins int�rest to be paid,I.en�er shell not be required to pay Horcuwer any interest ns enmings on the Funds.
<br /> Bor�x�wer and I..erder mAy ABnx in writing. howover,th�t lnttrest snaii iie paid on ii�c runus. i:G�,ycr a'�:.�:��;'3��''"=°•
<br /> without charge, an annual accounting of th�Funds, showing credits and debits to the Fur�ds wx!�h� purTx�xe for which exh
<br /> dcbit tu the Fuads wns made.The Funds are{sledgod as addltional security for all sums socurod t1y.th'is Secutity Insuument.
<br /> If the Funds hefd by Lender exceed the amounts pernuttal to b$held by applicnble law,l.,en�:r siudl uccount to Aorrower
<br /> for tha excess Funds in ac�rclshce with the requirements�f�pp���le law.If'the an:�+uLt of thr Fu�d�i hr.ld by I.ender at any
<br /> tinn�os not sufficicnt to pay tha�:,crow I�ems wlKn dua�.�:endcr may so notlfy Burrow¢r iri writin�,and.in s�xh chG�t Burrower ,
<br /> shal�pry to Lender the amount neassary to rnare up ch�deflei�ney. Borrowac shald�mnkc up thc deticlency in.�o more than
<br /> twelve monthly psym�x►ts,at I.ender's sole discmion. • •
<br /> Upon payment in tU!! of all sums secured by this Security Instrument, Lendcc slwll pmm�tIy teflind to Borrowcr any
<br /> Funds held by I.�nder. [f,ur�der pazxgcaph 21. Lea�der vMll acquire or scll the Propen�r.Lender+ p►ior to the asquisition or sale
<br /> of the Prope�ty, shell app1Y anY Funds held by l.ender�t¢he time of acquisitioa os;�sal�t A!i A Cf'Cd.lt B�OAd9t[�1C 9U1119 9CCUCC�S Ify
<br /> this Security Inst�wment. •
<br /> 3.Applkatfon o�P�yments.IIalcss ap�Slable law pmvidcs otherwise,nl1 paynkutw rtcci rcd bY Lrnder under paragraphs
<br /> 1 and 2 shall be applied:�Trst,to any prepaYmeM chuges dus under the Note; seconct, to�twu►tt�payaBk u►xkr para�rapii.2: •
<br /> thi�d.to intere�t doe;foutth.to piincipal due: and last.to eny late charges due under ehc Note. `• ,
<br /> 4.Char�ea;Lfene.Borrower shall pay all taxa. assessments, charges, fints rusd impusiriona utributxblc`RO the Prnperty
<br /> whieh may attai.n priotyry uvcr this Security Inurumcnt„ and leasehald payinenLs or ground renta,ff m►y. Aorrawtr sh�ll pay
<br /> t}�esc obligations in the manner providod in paragraph 2,:ciir if not paid in that manner,Borrower,slwld:�say 4`tem on timc dicectly
<br /> to the person owad pa�yment.Borrower shall promptlY't�trnish to I.ender ail notices of amututha t��be�nid,undu this pa�agreph.
<br /> If Borrower nwkex ttiese payments directly;He�rrowor s3iti}I promptly fumish to Lcudcr nceipis�vidutcing thr paycnents•
<br /> Borrower shall prom�►z]t,discharge any lien wtilch�tas Pxioriry over this Stcuc�iGjr T�tryment unlias Bo�wer:(a)agras in
<br /> writing to the paYment uf the obligation secu»ed by tho lien in a manner aceeptable ta I,.eiuter;(b)contesis in fic�c�d faich the lien
<br /> by, ar defeixis,against r.nforcement of the lien i�,legal proceoclings which in the Y.ender's ��ri�iva c�pe�nce to prevent the
<br /> ;;nforamcnt�f:i4TO titn;nr(c)sxuros,from the hc►lder of the lien An agreement satisfactory to L,ender sutwrdinating the licn to
<br /> this Sxurity'1,�,sfKu��ient. If�.endar dctermines that any part of the Property is subjc:ct to a lien wI�iclr may atta;n prioriry over
<br /> this Security IqdErut�krit.�cndcr may give�orruw�r a notice idendfying the lien.Sarrower stutll s�t�sf.y tlec lien or take one or
<br /> more of the acljc�nx set forth above within 10 d•rys of the giving uf notice.
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