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<br /> TOQETHER VlITI�1 a�tho Improvements now or hereatter �:rectod on tho property, and all Ensemente. eppurtenences, and �"°
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<br /> . --- f;,�t;::�s nov:or rM^=!!e,s �j°" �1 th�rrnnerly. All repf¢cemenia ui�u nu„����r�a �hall also be covered by Ihls Socurity Insirument.
<br /> ' All oi iho foropain{�in rnlr,rrod lo In this Socuiity Instniment as thn'rrapurty-"
<br /> t]�RROWrR COVFNANTS thN Liorrovm,r I� lawlulty scizad ul tho oslnto hcreby convoycd nnd hrie tho dc�ht to �runt nnd
<br /> � convoy iha PrapnAy c+nd ihnt lh� Property Is unCncumhered. except lor enr,umbrnncus o1 rec.ord Boirower warmntc and wtll
<br /> • cietend generally lhn titla to tha Property ofloinsS sll clel�zs e!id �±em�nds,cub�ect to any encumbrances ol record.
<br /> � ` , THIS SF.CURIN INSTRUMENT combines unifortn covennnte lor nntlonal uao and non•unllorm cavennnta wlth Ilmitc�d �
<br /> � varlutions by Jurindlatinn to conctiluto n uniform aecurlry Inotrument covorinp reiil proporiy. �
<br /> 3 U N I F O R M C O V E c N A N T S, B o r r o w e r e n d L e n d er c�venanl und a greo as follews:
<br /> �� 1. PAymont Af Princlpal and Interest; P�epayment and Lat� Chargoe. BoROwer ahall promptly pay when
<br /> ;, due tho prfnGpcl al nnd Interest on tho dcbt ovldr.nc�d hy the Note and any propayment and lato charges dua under tlie Nolo.
<br /> _. +;,�',� 2. Fundo for Texos wnd Ineurance.SubJect to applicable law or to e wdtten walvor by Lender, Borrower s�atl pay Q
<br /> to Lender on thn duy monthly paymonta nro due under tho Note, until Ihe Note Is puld in lull, e aum ('Funds') tor: (a) yearly ���
<br /> tuxes and eseonamanto whtch may ariuln priority over this Security Instn�ment as a Ilon on the Property; (b) yeariy leasehold �
<br /> � payments or flround ranis on tho Property, II any; (o) yearty hazard or property insurance premlums: (d)yearly tlood Insurnnce '
<br /> . remlums, II nny: (o) yesrly moRgnga Insurance premtums, if any;and (Q any sums payable by Bortower to Lend�r In accordance �
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<br /> ' with the provinionn of poragroph B, In Ileu ot the poyment ot mortga4o Insurunce premlums. These Items ere called 'Escrow �;;
<br /> Items.' Lendar mny. el nny tlme. collect and hold Funds in en amoum not to excaed the maxGnum amount a lender for e •
<br /> $ iederslly relntod mortgctgo loan mey requlre ior Borrower's escrow account under the tederal Real Estate Settlement Procedures �.�.
<br /> • 't`p Act oi 187A ns nmondod Irom timo to time. 12 U.S.C. g 2G01 et seq. ('R�SPA`�, unless another law that applles to the Funds __
<br /> 't.' sets a lesser amount. II so, Lender may, at any time, colfect and hold Funds In en amount not to exceed�he lesser amount. �-°
<br /> Lender m�y estlmato tho amount o1 Funda duo on tha basis ai current date and reasonuble esdmate� ol expenditures ot I�ture ��__
<br /> � •��'� Escrow Items or otherwiso In necordance with applicahle law. �,MJ
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<br />_ , L�f. The Funda ohall be held In nn Institutlon whose deposits are insured by a tederal agency, instrumentelity.or entity (including �.
<br /> �;�I�' :. Lender. if Londnr le such an institution) or (n any Federal Mome Loan Bank. Lender shali appty the Funds to pay the Escrow �-
<br /> �L:� Items. Lender mny not chnrgo Borrower for holding and npplyfng the Funds, ennuaily analyzing the escrow account. or veritying =_
<br /> the Escrow Items, unlese Lender pays Borrower (nterest on the Funds und a;opUcable law permRs Lender to make such a _.,
<br /> ;_ - charge. Howevur. Lender may require Borrower to pay a one�tlme charge tor an Independent real estate tex reporting service -
<br /> " , used hy Lendor in connectlon with thls lonn,.untess applicable law provldes otherwise. Unless an agreement is made or
<br /> :;'•:'�»'r�• appllc��ble Invi roqulres interest to be paid, Lender shall not be required to pay Horrawer any interest or eamings on the Funds. _-_-
<br /> '�`r;,�ir`; . Bortower end I.ender muy agrae In writing, however, that interest shall be paid on the Funds. Lender chall give to Bonower,
<br /> "'7�i� ' without charge, an annuul accountinc� of the Funds. showing credits and debfts to the F�mds and the purposR tor whlch each
<br /> '''�� , deblt to the Funda�vas mnde. The Funds are pledged as additlonal security tor all sums secured by the Security Instrument. —
<br /> �r:�p ;
<br /> ,..y�� If tho Funde Iteld by Lender exceed the amounts pertnitted to be held by eppUcable law, Lender shall eccaunt to BoROwer
<br /> .�;i•'coi':: tor tha excesa Funds In accordence with the requlrements of appliceble law. 19 the amount of the Funds held by Lendor at any
<br /> •`���Y)�;:''' Uma Is not su(flalant to pay the Escrow Items when due, Lender may so notily Bonower In wdting, and,in such cese Bortower
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<br /> • ' ���v��! sha�l pny to l.endnr the emount necessary to make up the deficlency. Bortower shall make up the deficiency In no more than
<br /> ' ����`''t iweive monthly pnymQnts,at Lender's sole discratlan.
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<br /> ;n"'�":" .. Upon puyment in fuli o}all sums secured by thls Secudry Instrument, Lender shall promptly refund te� Barrovrer any unds
<br />_ . . held hy LCndUI', l7. :.tntler peragmp� [i. Lendar ai��ii acyuiin ��sa��ito ^i�Y��.�, icR.'l�:. ps!o•t�S�!°or�ginitlnn nr w11e of the
<br /> ;� ' }r:: ' Properi}r, shn11 qppiy any Funds held by Lender at 2he time of acquisitlon or sale us a credit agalnst the surns secured by thls
<br />- ' �;���y, Securiry Instrumont.
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<br /> ;�J�¢q�?-`:��� 3. AppUeation of Payments. Unless appllcab�e iaw provldes otherwise, all payments received by Len�aT under
<br /> __,��;,'�;�����, , paragraphs 1 snd 2 shall bo npplled: first,to any prepayment charges due under the Note; second, to amaunts payable under
<br /> _:�• . �;� paragreph 2; lhird,to fnterest due;tourth, to pr1ncfpal due; and last, to nny late charfles due under lhe No4e.
<br />-��'�"��,?3i""'. � 4. Ch8PgU6; LI8119. Borrower shall pny ell taxes, asttessmQnts, aharges, flnes and Imposflions attdbutable to the
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<br />_°.';.-;,�,;,. Property whlch mny adaln pdority over this 3ocuriiy Instrument, and leasehold payments or ground renta, f7 any. Borrower shall
<br /> pay these obllpatlons In the m�nn�r provided in paregraph 2. or If not paid in that manner, Borrower�han pay them an tlme
<br /> ��� '��� ' direct to tha person owed paymont. Borrower shnll promptry tumish to Lender au notices oi amounls to be pald under this
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<br /> _ : paragreph. If Bortower makes these payment3 direclry, Bortower shell promptly tumish to Lct�der receipts evidencing the
<br /> �����°=u����' payments.
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<br /> --:��� Borrower shall promptly di�charge eny lien w�i�:h has priodry over this Securfty Instrument unless Bortower. (a) agrees n
<br />______� w�iting to tho payment of the obligatlon secured by the Ilen in a manner acceptebla to Lender, (b) contmsts in good faith the
<br /> �„rt;�;;�.i.�;� Ilen by, or daTwida ngelnst entorcement of the Ilen In, tegal proceedings whlch In the Lender's opinlon operate to prevent the
<br /> - _�"� enforcement of tha Ilen;or (c) secures irom the holder of the uen an agreement satistactory to Lender subordinapng the Ilen to
<br /> _-.°!_''�=� thls Security Instrument If Lender determines that any part o1 the Property Is subJect to n ilen whlch may attein pdority ovtr lhls
<br /> � _._- _� Security Instrument, l.ender may give 8orrower a noUce identitying the Ilen. Bortower shall satisty the Uen or iake one or more ot
<br /> - ---= the actiona set iotth nbovo within 10 days ot the e�iving o1 notice.
<br /> ""��,��� 6. Hazard or Property (nsu�anCO.8orrower shall keop the Improvements now exlsUng or herenRer erected on the
<br /> -_ y.���� Property Insured nc�alnat loss by fire, hazards included within tho tertn 'extended coverege' and any ather hezards, including
<br /> _,^c�.,; floods or 1loodlnp, for which Landor rQquires Insutancs. Thls Insurance shall be maintalned In the amounts and for the periods
<br /> �=='"�-- that Lender roquUos. Tho Insurance currler provlding the Insurance shall be chosen by Bonower FubJeat to Lender's Approval
<br /> __--- which shall not be unreasonnbly wNhheld. IP Borcower fails to mninteln coverage descdbed above,Lender may, at Lender's
<br /> --__- �4 optlon, obtain aoveruge to protect Lender's dc�hts in lhe Properry In acwrdanca with paragraph 7.
<br /> `�'�="� All insumnc> policies end renewals shall bo accepteble to Lender and shell Include e stendard martgage clausa. Lender
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